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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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