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|||Pages|
|---|---|---|
|Reference and Administrative
Details|||
|Council's
Report||3-8|
|Statement
ofTrustees'|Responsibilities||
|Independent
Auditor's|Report|10-12|
|Statement
of Financial|Activities|13|
|Balance Sheet||14|
|Notes to the Financial|Statements|15-28|
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|||Notes|Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|2022|2021|
||||6|E|||E|
|Income:||||||||
|Donations
and legacies||2|5,227|||5,227|55,675|
|Charitable
activities||3|297,956|||297,956|200,562|
|Other trading
activities||4|5,792|||5,792|3,224|
|Investment
income||5|11,533|1,303|637|13,473|12,239|
|Other income||6|||||1,429|
|Total income|||320 508|1303|637|322448|273 129|
|Expenditure:||||||||
|Raising funds||7|5,600|||5,600|1,214|
|Charitable
activities||8|308,139|10,250||318,389|317,069|
|Total expenditure|||313739|10250||323989|318283|
|Net (expenditure)/||||||||
|income before gains
on investments|||6g769|(8~947)|637|(Ig541)|(45I154)|
|Net (losses)/gains
investments|on|15|(15,387)|(1,791)|(3,377)|(20,555)|46,112|
|NET INCOME/||||||||
|(EXPENDITURE)|||(8~618)|(10738)|(2I740)|(22~096)|958|
|||18,19,||||||
|Transfers||20||637|(637)|||
|NET MOVEMENT
IN FUNDS|||8618|10ioi|3377|22 096|958|
|Reconciliation
of||||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||1 063 325|55 809|26 671|1 146805|I 145847|
|Total funds carried||||||||
|forward|||1054707|46 708|23 294|1124709|1146805|
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|OTHER TRADING|ACTIVITIES|||||
|---|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|Total|
||Funds
f|Funds
f|Funds
f|2022|2021f|
|Other misc. income|5,792|||5,792|3,224|
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|INVEST|MEN|T INCOME||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||Fundsf|Funds|Funds|2022
f|2021f|
|Income|from|investments|11,533|1,303|637|13,473|12,239|
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|OTHER INCOME|||||||
|---|---|---|---|---|---|---|
||Unrestricted||Restricted|Endowment|Total|Total|
|||Funds
f|Funds
f|Funds
f|2022
f|2021
f|
|)ob retention
Scheme||||||1,429|
|In 2021 all ofthe other was||attributable|to the unrestricted|fund.|||
|RAISING FUNDS|||||||
||Unrestricted||Restricted|Endowment|Total|Total|
|||Funds
f|Funds|Funds
f|2022
f|2021
f|
|Event Costs||5,600|||5,600|1,241|
|In 2021 expenditure|in relation to raising||funds was attributable
to the||unrestricted|fund.|
|CHARITABLE ACTIVITIES|||||||
||Unrestricted||Restricted|Endowment|Total|Total|
|||Fundsf|Funds|Fundsf|2022
f|2021|
|Student
House||306,139|||306,139|316,819|
|Grants (note 10)||2,000|10,250||12,250|250|
|||308,139|10,250||318,389|317,069|
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|9.|ANALYSIS|OF EXPENDITURE|||||||||
|||||Direct
Charitable|||Grants|Support
costs|Total
2022|Total
2021|
||||||||(note 10)|(note 11)|||
||||||||E|E|||
||Student
House||||227,500|||78,639|306,139|316,819|
||Grants payable||||||12,250||12,250|250|
||Charitable
expenditure||||227,500||12,250|78,639|318,389|317,069|
||Raising funds|||||5,600|||5,600|1,214|
||||||233,100||12,250|78,639|323,989|318,283|
|10.|GRANTS PAYABLE||||||||||
||||||||||Total|Total|
||||||||||2022|2021|
||||||||||E||
||Council of Commonwealth|||Societies|||||2,000||
||Patron's
Fund gift||||||||250|250|
||Other||||||||10,000||
||||||||||12,250|250|
|11.|SUPPORT COSTS||||||||2022|2021|
||||||||||E|E|
||Governance|costs|—Audit fees||||||6,500|6,000|
||Governance|costs|—Non-Audit|||fees|||2,800|3,200|
||Governance|costs|—Prior year||under/(over)||accrual of|audit fees|150|(865)|
||Wages and salaries||||||||31,393|25,564|
||Depreciation||||||||5,821|5,821|
||Repairs and|maintenance|||||||6,268|6,381|
||Professional|fees|||||||22,064|25,763|
||Other||||||||3,643|3,849|
||||||||||78,639|75,713|
|12.|NET INCOMING||RESOURCES||||||2022|2021|
||||||||||E|E|
||The surplus
for the year|||is stated after charging:|||||||
||Income from|listed investments|||||||(13,473)|(12,239)|
||Depreciation|and|amo*isation||||||29,095|29,426|
||Auditors'
remuneration|||—audit|||||9,300|9,200|
||Auditors'
remuneration|||—prior||year over accrual|||150|(865)|
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|13.|ANALYSIS OF STAFF COSTS,|ANALYSIS OF STAFF COSTS,|TRUSTEE|REMUNERATION|2022|2021|
|---|---|---|---|---|---|---|
||AND EXPENSES AND THE COST OF KEY MANAGEMENT||||6|6|
||PERSONNEL||||||
||Salaries and wages||||124,708|127,640|
||Social security costs||||6,413|5,492|
||Pension costs||||9,691|9,650|
||Staff health
insurance||||1,040|1,040|
||||||141,852|143,822|
||The average
number|of full-time|equivalent|employees:|||
||The total employee
benefits
(2021:anil).|of the key mana|gement
personnel|of the Charity
w|ere anil|
|---|---|---|---|---|---|
|14.|TANGIBLE FIXED|Freehold|Building|Plant and|Total|
||ASSETS|Land and|Improvements|Equipment||
|||Buildings||||
|||E||||
||Cost|||||
||At 1 3anuary 2022|295,519|494,656|216,250|1,006,425|
||Additions|||||
||At 31December 2022|295,519|494,656|216,250|1,006,425|
||Depreciation|||||
||At 1 Ianuary
2022|66,973|102,228|185,470|354,671|
||Charge for the year|5,821|19,786|3,488|29,095|
||At 31 December 2022|72,794|122,014|188,958|383,766|
||Net Book Value|||||
||At 31December 2022|222,725|372,642|27,292|622,659|
||At 31December 2021|228,546|392,428|30,780|651,754|
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|15.|FIXED ASSET INVESTMENTS|FIXED ASSET INVESTMENTS|FIXED ASSET INVESTMENTS|||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||||||6|
||Investments
listed on a recognised|||||stock exchange||367,694|419,799|
||Other investment
assets|||||||22,850|22,850|
|||||||||390~544|442~649|
||Investments
at cost|||||||312,343|331,506|
||Movement
in investments|are|as follows:||||||Listed|
||||||||||securities|
||Valuation
at 1 January
2022||||||||442,649|
||Additions|||||||||
||Disposals||||||||(31,550)|
||Realised gains
in the year||||||||10,773|
||Unrealised
losses in the year||||||||(31,328)|
||Valuation
at 31December|2022|||||||390,544|
||The investments
listed on|a recognised|||||stock exchange are all UK equities.|||
||The following
investments|comprise||||more than 5%of the value of the total|||portfolio:|
|||||||||Portfolio|Portfolio|
|||||||||2022|2021|
|||||||||o/o|o/o|
||Aberdeen
Asian Income
Fund||Ord||NPV|||5.85|5.50|
||Avi Global Trust ORD GBP0.10|||||||6.34|6.35|
||Blackrock North
Am. Inc. ordinary|||||60.01shares||6.60|6.05|
||Ecofin GBL Utilities
ik Infr|ORD||GBP0.01|||||6.16|
||Fidelity European
Values ORD||GBP0.025|||||7.39|6.89|
||JP Morgan
Global Core Real Assets|||||||5.60|5.02|
||RIT Capital
partners
ordinary
Ruffer Investment
Co Red Ptg||Kl shares
Pre Shs||||GBP0.001|7.37
11.00|8.35
9.07|
||Sequoia Economic Infrast|INC||FD|Ltd|||6.69|7.19|
||Scottish American
Investment|||Co|Ord GBP0.25|||5.27||
|16.|DEBTORS|||||||2022|2021|
|||||||||E|6|
||Amounts
due from Student|House|||residents|||13,370|9,060|
||Prepayments|||||||22,740|23,980|
||Other debtors|||||||2,929|1,329|
|||||||||39,039|34,369|
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|17.|CREDITORS:|CREDITORS:|CREDITORS:|AMOUNTS|AMOUNTS|AMOUNTS|FALLING|FALLING|DUE|WITHIN|ONE|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||YEAR|||||||||||2022|2021|
|||||||||||||6|E|
||Trade Creditors|||||||||||27,537|21,859|
||Payments||received||in|advance|from|residents||||666|5,478|
||Taxation||and social||security|||||||8,514|3,387|
||Sundry|creditors||and accruals||||||||32,258|46,636|
|||||||||||||68,975|77,360|
|18.|RESTRICTED FUNDS|||||||||||||
|||||||||||||Transfers||
|||||||1||Incoming||Resources|||31|
|||||||3anuary||Resources||Expended||Gains/|December|
|||||||2022||||||(losses)|2022|
|||||||E||||||E|E|
||Specific|Room||||||||||||
||Maintenance|||||2,057||||||637|2,694|
||Patron's||Fund|||1,500|||||(250)||1,250|
||Student||House|||||||||||
||Refurbishment|||||1,574|||||||1,574|
||APIE||||||111||||(111)|||
||Robert Wainwright|||||||||||||
||fund|||||51,567|||1,303|(9,889)||(1,791)|41,190|
||Total|||||56,809|||1,303|(10,250)||(1,154)|46,708|
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|ENDOWMENT
FUNDS|ENDOWMENT
FUNDS|||||2022|2021.|
|---|---|---|---|---|---|---|---|
||||||||E|
|Balance at|1january
2022|||||26,671|21,741|
|Investment|income|||||637|407|
|Unrealised|gain on investment|||||(3,377)|4,930|
|Transfer to|the Specific Room Maintenance|||Restricted|Fund|(637)|(407)|
|Balance at|31 December 2022|||||23,294|26,671|
|The original|capital
invested|is made|up as follows:|||E|E|
|Margaret
Farmer (Victoria) Room investment||||||2,386|2,386|
|Australia
Room investment||||||4,077|4,077|
|||||||6,463|6,463|
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|||||General|Revaluation|Sub-total|Designated|Total|
|---|---|---|---|---|---|---|---|---|
|||||fund|reserve||funds||
|||||E|E|f.|f.|E|
|Balance at 1|january||2022|622,803|240,522|863,325|200,000|1,063,325|
|Gains
realised
on||disposal|||||||
|of listed investments||||(10,773)|10,773||||
|Increase
in|market||value||||||
|of listed investments|||||(26,160)|(26,160)||(26,160)|
|Net
incoming
(excluding|||||||||
|net gains on|investments)|||17,542||17,542||17,542|
|Transfers|||||||||
|Balance at|||||||||
|31December|2022|||629,572|225,135|854,707|200,000|1,054,707|
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|20a|UNRESTRICTED FUNDS—|UNRESTRICTED FUNDS—|UNRESTRICTED FUNDS—|Prior Year|||||
|---|---|---|---|---|---|---|---|---|
|||||General|Revaluation|Sub-total|Designated|Total|
|||||fund|reserve||funds||
|||||E||E||E|
||Balance at 1Ianuary||2021|718,200|200,821|919,021|200,000|1,119,021|
||Gains
realised|on disposal|||||||
||of listed investments|||169|(169)||||
||Increase
in|market|value||||||
||of listed investments||||39,870|39,870||39,870|
||Net
incoming|(excluding|||||||
||net gains on investments)|||(95,566)||(95,566)||(95,566)|
||Balance at||||||||
||31 December|2021||622,803|240,522|863,325|200,000|1,063,325|
|21.|ANALYSIS OF NET||ASSETS BETWEEN FUNDS||||||
||||General||Designated|Restricted|Endowment|Total|
|||||fund|funds|funds|fund||
|||||E|E|E|E||
||Tangible fixed|assets||622,659||||622,659|
||Fixed asset investments|||127,449|200,000|39,801|23,294|390,544|
||Cash at bank|||134,200||6,907||141,132|
||Other
net|current|||||||
||assets/(liabilities)|||(29,626)||||(29,626)|
||Balance at||||||||
||31 December|2022||854,707|200,000|46,708|23,294|1,124,709|
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|2ia|ANALYSIS O|F NET AS|SE|TS BETWE|EN FUNDS - Pr|ior year||||
|---|---|---|---|---|---|---|---|---|---|
|||||General|Designated|Restricted|Endowment||Total|
|||||fund|funds|funds||fund||
||||||E|E||E||
||Tangible fixed|assets||651,754|||||651,754|
||Fixed asset investments|||164,497|200,000|51,481||26,671|442,649|
||Cash at bank|||89,673||5,328|||95,001|
||Other
net|current||||||||
||assets/(liabilities)|||(42,599)|||||(42,599)|
||Balance at|||||||||
||31 December|2021||863,325|200,000|56,809||26,671|1,146,805|
|22.|CAPITAL COMMITMENTS||||||2022|2021||
||||||||||E|
||Commitments|approved|by|the Board|but not yet contracted|||||
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