| Victoria | Schofield, Chairman | Fraser Campbell |
|---|---|---|
| The Rt. | Hon, the Hon. Jacob Rees-Mogg, MP | The Very Revd ProfMartyn Percy |
| Indraneil | Mahapatra | Helen Whittow QC |
| Nicholas | Mason | David Soskin, appointed 15th January 2022 |
| Barbara | Roche, resigned 16thJanuary 2021 | The Hon. Michael Beloff, QC, resigned 19'"June 2021 |
| Alexandra Jones, resigned 19'"January 2022 |
| The Rt.Hon. Lord OFFICERS The Officers ofthe Trust |
Heseltine CH Sir Jeremy Lever, QC during the year and to the date ofthis report were: |
||
|---|---|---|---|
| N A Field-Johnson | Hon. Secretary M G Bacchus, FCA |
Hon. Tveasurer | |
| OTHER INFORMATION | |||
| The Trust is aregistered | Charity (number 270292). | ||
| Other names: | The Trust is also known as the Oxford Literary and | Debating Union Trust | |
| or OLDUT | |||
| OAices: | c/o The Oxford Union Society, Frewin Court, Oxford. | OX1 3JB | |
| Delegate ofthe Trust | The Oxford Union Society, Frewin Court, Oxford. | OX1 3JB | |
| Bankers: | Barclays Bank pic, High Street, Oxford. OX1 3HS |
||
| Solicitors: | Henmans Freeth LLP, |
||
| 5000Oxford Business Park South, Oxford. OX4 2BH |
| 2020/21 | 2019/20 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| Fund | Funds | |||||||
| Note | ||||||||
| Income and endowments | from: | |||||||
| Donations and |
legacies | 24,263 | 24/63 | 37,642 | ||||
| Charitable activities |
1,112 | 1,112 | 11,327 | |||||
| Investments | 29,089 | 29,089 | 29,884 | |||||
| Total | 30,201 | 24,263 | 54,464 | 78,853 | ||||
| Expenditure on: |
||||||||
| Charitable activities |
(13,305) | (13@05) | (18,418) | |||||
| Investment management |
costs | (2,748) | (2,748) | (2,748) | ||||
| Total | (16,053) | (16,053) | (21,166) | |||||
| Net losses on investments | ||||||||
| Interest payable | (10,763) | (10,763) | (14,142) | |||||
| Net income and net | movement | on funds | 14,148 | 13,500 | 27,648 | 43,545 | ||
| Reconciliation offunds: | ||||||||
| Total funds brought | forward | 476,456 | 122,875 | 599/31 | 555,786 | |||
| Total funds carried | forward | 6490,604 | 136,375 | f626/79 | K599,331 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fired assets | |||||
| Tangible assets | 10 | 302,900 | 302,900 | ||
| Investments | 11 | 430,000 | 430,000 | ||
| Total fixed assets | 732,900 | 732,900 | |||
| Current assets | |||||
| Debtors | 12 | 15,134 | 31,919 | ||
| Cash at bank and in hand | 518,696 | 476,753 | |||
| Total current assets | 533,830 | 508,672 | |||
| Current liabilities | |||||
| Creditors falling due within one year | 13 | (9,751) | (12,241) | ||
| Net current assets | 14 | 524,079 | 496,431 | ||
| Total assets less current liabilities | 1/56,979 | 1,229,331 | |||
| Creditors falling due after one year | 15 | (630,000) | (630,000) | ||
| Total net assets | f626,979 | 6599,331 | |||
| The funds ofthe charity: | |||||
| Restricted income funds | 136/75 | 122,875 | |||
| Unrestricted funds |
490,604 | 476,456 | |||
| Total funds | f626,979 | K599,331 |
| 2020/21 | 2019/20 | |||
|---|---|---|---|---|
| Cash flowsfrom operating | activities: | |||
| Net cash generated by operating activities |
12,814 | 18,074 | ||
| Cash flows from investing | activities: | |||
| Interest and rents f'rom | investments | 29,129 | 29,546 | |
| Change in cash and cash equivalents |
in the year | 41,943 | 47,620 | |
| Cash and cash equivalents | at the beginning ofthe year | 476,753 | 429,133 | |
| Cash and cash equivalents | at the end | ofthe year | f518,696 | 8476,753 |
| 2020/21 | 2019/20 | ||
|---|---|---|---|
| Net income for the year | 27,648 | 43,545 | |
| Adjustments for: |
|||
| Interest and rents from investments | (29,089) | (29,884) | |
| Decrease in debtors excluding rents &om investments |
interest and | 16,745 | 3,541 |
| (Decrease)/increase in creditors |
(2,490) | 872 | |
| Net cash generated by operations |
f12,814 | K 18,074 |
| The income a | n | d expenditure on these |
funds is as follows: | ||||
|---|---|---|---|---|---|---|---|
| 2020/21 | |||||||
| MUTOF | EDF | 2018fund | Total | ||||
| Donations and legacies |
10,763 | 13,500 | 24/63 | ||||
| Expenditure | |||||||
| Investments; | interest payable | (10,763) | (10,763) | ||||
| Net income | 13,500 | 13,500 | |||||
| Reconciliation | offunds: | ||||||
| Funds brought | forward | 63,195 | 15,000 | 44,680 | 122,875 | ||
| Funds carried | forward | K63,195 | f,15,000 | K | 58,180 | f,136475 | |
| 2019/20 | |||||||
| MUTOF | EDF | 2018fund | Total | ||||
| Donations and |
legacies | 14,142 | 23,500 | 37,642 | |||
| Expenditure | |||||||
| Investments: | interest payable | (14,142) | (14,142) | ||||
| Net income | 23,500 | 23,500 | |||||
| Reconciliation | offunds: | ||||||
| Funds brought | forward | 63,195 | 15,000 | 21,180 | 99,375 | ||
| Funds carried | forward | X63,195 | K 15,000 | K | 44,680 | 6 122,875 |
| 2020/21 | |||||
|---|---|---|---|---|---|
| MUTOF | EDF | 2018fund | Total | ||
| Current assets excluding cash | 2,500 | 2+00 | |||
| Cash | 63,195 | 15,000 | 55,680 | 133,875 | |
| Net assets | R63,195 | K15,000 | R | 58,180 | f136@75 |
| 2019/20 | |||||
| MUTOF | EDF | 2018fund | Total | ||
| Current assets excluding cash | 8,001 | 8,001 | |||
| Cash | 63,195 | 15,000 | 36,679 | 114,874 | |
| Net assets | K63,195 | S15,000 | K | 44,680 | K 122,875 |
| 4 DON |
ATIONS AND LEGACIES |
||||
|---|---|---|---|---|---|
| 2020/21 | 2019/20 | ||||
| Unrestricted fund |
Restricted funds |
Total | Total | ||
| Donations: | |||||
| Mitsubishi | UFJTrust Oxford Foundation | 10,763 | 10,763 | 14,142 | |
| Other donations | 13,500 | 13,500 | 23,500 | ||
| f24/63 | f24/63 | K37,642 |
| 6 INCOME FRO |
M INVESTMEN | TS | |||
|---|---|---|---|---|---|
| 2020/21 | 2019/20 | ||||
| Unrestricted fund |
Restricted funds |
Total | Total | ||
| Rent from investment | property | 29,000 | 29,000 | 29,000 | |
| Interest receivable | 89 | 89 | 884 | ||
| R29,089 | f29,089 | K29,884 |
| 7 EXPENDITURE ON CHARIT |
ABLE ACTIVITIES | |||
|---|---|---|---|---|
| 2020/21 | 2019/20 | |||
| Unrestricted fund |
Restricted funds |
Total | Total | |
| Grants to the Trust's delegate | 11,000 | 11,000 | 16,000 | |
| General administration | 139 | 139 | 461 | |
| Audit Fees | 2,166 | 2,166 | 1,957 | |
| f,13305 | f13/05 | K 18,418 |
| he previous valuation. |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Cost at the beginning ofthe year | 265,000 | 265,000 | |
| Provision/revaluation surplus at beginning |
and end ofthe year | 165,000 | 165,000 |
| Book value at year end | f,430,000 | K430,000 |
| 2 DEBTO |
RS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Trade debtors | 2,058 | 11,946 | |
| Prepayments | and accrued income | 3,166 | 4,522 |
| Other debtors | 9,910 | 15,451 | |
| f,15,134 | K31,919 |
| 13 CREDITORS F |
ALLlNG DUE WITHIN ONE Y | EAR | |
|---|---|---|---|
| 2021 | 2020 | ||
| Trade creditors | 1,938 | ||
| Accruals and deferred | income | 9,751 | 10,303 |
| f9,751 | K 12,241 |
| ree reserves comprise those | net current assets attributable to |
the unrestricted funds as follo |
ws: |
|---|---|---|---|
| 2021 | 2020 | ||
| Net current assets | 524,079 | 496,431 | |
| Less assets held in restricted | funds (note 3) | (136475) | (122,875) |
| f,387,704 | K373,556 |
| Note | 2021 | 2020 | ||
|---|---|---|---|---|
| Financial | assets held atfair value through profit and loss: | |||
| Trade | debtors | 12 | 2,058 | 11,946 |
| Other | debtors | 12 | 9,910 | 15,451 |
| Cash | and cash equivalents | 518,696 K530,664 |
476,753 j504,150 |
|
| Financial | liabilities held at aInortised cost: | |||
| Trade | creditors | 13 | 1,938 | |
| Long | term loan | 15 | 630,000 | 630,000 |
| K630,000 | K631,938 |