OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-08-31-accounts

Page
Legal 5administrative information
Report ofthe Trustees
independent Examiner's report tothe Trustees
Statement of financial activities
Balance sheet
hiotes tothe Snanclal statements IO

Charity Name Name International
Students		 International
Students		 International
Students		 Club (Church of England)
Ltd.		 (Church of England)
Ltd.		 (Church of England)
Ltd.		 (Church of England)
Ltd.
Charity registration number 243606.The charity was registered
with the Charity		 Commission on 20 December
I965.
Company registration number 846155(acompany limited by guarantee)
Registered ONce International
Students		 Club (Church of England)
Ltd,		 William Temple House 29-31
Trebovir Road, London, SW5 9NQ
Governing document The Charity's
governing
document
is the
dated
IO/04/1965 as amended
by special		 Memorandum
and Articles ofAssociation
resolution
dated 24/04/2008
as amended
by special
resolution		 dated 25/07/2013 as amended by special resolution dated
29/I I/20 I3.
Objectives The advancement
ofthe Chrbtian
faith and the welfare ofstudents. with an ancillary
objective
of running
a student
residence.
Its sole activity
is operating
a student
residence
in Earls		 Court known as William Temple House.
Trustees The Truscees who served during the year or who were serving at the date ofthis
report were:
Mr DCobb Chairman
Mr EG Woods
Mr C I Edlington
Miss Y Martinelg Treasurer (Resigned I June 2023)
Mrs SM Dignum Treasurer (Appointed 28July 2023)
Mr 85 Sundaram
Rev P Bagott
Mr I Abeysekera
Mr CAndrei
Mr C Schiele
Dr Y Chen
Ms FDella Gutta Resigned 4 November 2022
Ms N Gill
Mrs G Massera Resigned 4 November 2022
Ms E Surini
Key Management Personnel Those
in charge
of planning,
directing,
controlling,
running
and
operating
the
Charity,
induding those members ofstaff who are the senior nsustgement
personnel
to whom the trustees
have delegated
signi/icant
authority
or responsibilky
in the
day-m-day
running		 of the charity, are the Warden
and		 members ofthe Management
Commktee.
Berzisys Bank Pic
Leicester
LE87288
Independent Examiner John Hehn ACA
Tandem Accounting Limited
l7 Heathville
Road
London N I93AL

20'23 2022
6 g
lncotne from:
Donations 14 116
Charitable
activities		 318,718 325,304
Investments 15,720 4,051
Total Income 334,452 329,471
Expenditure
on:
Raising funds
Charitable
activities		 622
313,493		 1.865
265,712
Total Fxpenditure 314&I I5 267,577
Net expenditure
before gains/losses		 on investments 20&337 61,894
Net gains/(losses)
on investments		 (12.455) (9,318)
ldet surplus
before tax		 7,882 52,576
Tax payable
Net surplus after tax 7,882 52,S76
Net movement
in funds		 7,88'2 52,576
Total funds brought forward 566,725 514,149
Total funds carried forward 574,607 566,725

2.Income
2023 2022
6 g
Yoluntary
income
Donations a gifts 14 116
Income ax reclaimed
14 116
Charitable
activities
Fee income (net credit for dudes performed by residents) 318,718 325,304
Investment
income
Dividends I.I51 3,672
Interest receivable 14,569 379
15,720 4,051
334,452 329,47I
3.Expenditure
3e.Cost ofraising funds
'2023 2022
6
Investment
management		 fees 622 1,865
3b.Charitable
activities
2023 2022
Staff costs (see note below) 138,629 123,102
StaN training a other costs 2,i28 1,332
Resident bursa ies 18,401 8,068
sad debts (339) (1,600)
Resident amenities and activities 11,513 12,531
Administration 3431 3,162
Property expenses 98,137 84,100
Fixtures afittings
Repairs and maintenance		 3,470
7,177		 5,542
I?„929
Depreciation 3,710 3,530
Professional fees 24,778 10,646
Independent
examination		 2,340 1,920
Other governance costs 118
313,493 265,712

3.Expenditure 3.Expenditure
3e.Cost ofraising funds
Investment
management		 fees
3b.Charitable
activities
Staff costs (see note below)
StaN training a other costs
Resident bursa ies
sad debts
Resident amenities
and activities
Administration
Property expenses
Fixtures afittings
Repairs and maintenance
Depreciation
Professional fees
Independent
examination
Other governance
costs

2023 1022
Wages and salaries 122,760 109.242
Social security costs 12,088 11,067
Employer Allowance (4,982) (4,970)
Pension contribudons 8,764 7,763
138,630 123,102
Ofwhich: salaries. social security costs and pension contributions
paid in respect of key management personnel 62,299 60,442

S.Tangible Fixed Assets
Ofrtce
Freehold 14ousehold Furniture
land A furniture
rn		 a
buildings appliances equipment Total
6 6 6 6
Cost
At I September 2022 52,739 23,488 5,847 82,074
Additions
Disposals
At 31 August 2023 52,739 23.488 5,847 82,074
Depreciation
At I September 2022 0 13,675 2,601 16,276
Charge for year 3,125 585 3,710
Disposals
At 31 August 2023 0 16,800 3,186 19,986
Net BookYtdue
At 31 August 2023 51,739 d,d88 2,661 d2,088
At I September 2022 52,739 9,813 3,246 65,798
All ofthe fixed assets are used for charitable purposes.

6.Fbted Asset investments 6.Fbted Asset investments 6.Fbted Asset investments
2023 2022
f. g
Market Value
At I September 281,129 305,786
Additions at cost
Sale proceeds
Net gain/(loss)
on revaluathm		 (268,674)
(12,455)		 (15,339)
(9.318)
At 31August '281,129
Market value represented
BondaiRxed
interest		 by Investments in: 61.701
Diversified
Collective		 Investments 103.482
Equities i 15,946
At 31August 281,1'29
The invesunents
were		 held in the name ofthe International Students Club (Church of England) Ltd.
2023 2022
6
Prepayments
and accrued
Fees receivable		 income 7,293
1.53$		 3,973
2,105
Invesnnent
manager - uninvested
tcdances		 37,967
8,831 44,045
8.Creditors -Amounts Falgng t3ue Within 43ne Year 2023 2022
6
Other creditors
including
taxation, workplace
Accruals and deferred
inoome		 pensions and socnl security 4, 178
6,616		 1,182
2,977
Trade creditors 3,906 159
Income
in advance		 7,996 7,305
Residents'
deposits held		 26,535 29,735
~9,231 4145$