| The Trust is | a registered | Charity (number 270292). | |||
|---|---|---|---|---|---|
| Other names: | The Trust is also known as the Oxford Literary and | Debating Union Trust | |||
| or OLDUT | |||||
| OKces: | cto The Oxford Union Society, Frewin Court, Oxford. | OXI 3JB | |||
| Delegate ofthe Trust: | The Oxford Union Society, Frewin Court, Oxford. | OX | 1 | 3JB | |
| Bankers: | Barclays Bank pic, High Street, Oxford. OXI 3HS |
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| Solicitors: | Henmans Freeth LLP, |
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| 5000Oxford Business Park South, Oxford. OX4 2BH |
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| Independent | examiners: | Field Sullivan Limited, Chartered Accountants, Registered |
Auditors, | ||
| 9Hare k, Billet Road, London, SE3ORB |
| 2021I22 | 2020/21 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| Fund | Funds | |||||||
| Note | f | |||||||
| Income and endowments | from: | |||||||
| Donatious | and legacies | 70,730 | 70,730 | 24,263 | ||||
| Charitable | activities | 8,662 | 8,662 | 1,112 | ||||
| investments | 29,065 | 771 | 29&836 | 29,089 | ||||
| Total | 37,727 | 71,501 | 109428 | 54,464 | ||||
| Expenditure on: |
||||||||
| Charitable | activities | (3,866) | (3Jt66) | (13,305) | ||||
| investment | management | costs | (3,336) | (3436) | (2,748) | |||
| Total | (7,202) | - | (7402) | (16,053) | ||||
| Net lasses on investments | ||||||||
| Change in | value of | investments | (866) | (866) | ||||
| Interest payable | (10,236) | (10436) | (10,763) | |||||
| Total | (11,102) | (11,102) | (10,763) | |||||
| itet income and | net movement | on funds | 30,525 | 60,399 | 90,924 | 27,648 | ||
| Reconciliation offunds; | ||||||||
| Total funds brought forward Total funds carried forward |
490,604 f.521,129 |
136,375 f 196,774 |
626,979 f717,903 |
599,331 f 626,979 |
| 2021/22 | 2020/21 | |||
|---|---|---|---|---|
| 5 | ||||
| CoshfiowsPam aperethrg ectivttr'esr Net cash generated by operating activities |
28~ | 12,814 | ||
| Cash flaws from investirtg | activitiesr | |||
| Interest and rents from | investments | 36416 | 29,129 | |
| Change in cash and cash equivalents |
in the year | 64)820 | 41,943 | |
| Cash and cash equivalents Cash and cash equivalents |
at the beginning ofthe year at the end ofthe year |
518,696 f583516 |
476,753 I518696 |
| ReconciTiatioa ofnet income to net cash fl | ows from operating activ |
ities: | |
|---|---|---|---|
| 2021/22 | 2020/21 | ||
| f, | |||
| Net income for the year | 90,924 | 27,648 | |
| Adjustments for. Non-cash donations |
(33~) | ||
| Interest and rents from investments | (29,065) | (29,089) | |
| (Increase)/Decrease in debtors excluding rents from investments |
interest snd | (2407) | 16,745 |
| Increase/(Decrease) in creditors excluding rents &om investments |
interest and | 2,152 | (2,490) |
| Change in value ofcurrent asset investments |
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| Net cash generated by operations |
028+04 | f. 12,814 |
| he income aod | expenditure on these fun |
ds is as follows'. | ||||
|---|---|---|---|---|---|---|
| 2021/22 | ||||||
| MUTOF | ROSMF | EDF | 2018fund | Total | ||
| 8 | f | |||||
| Donations and |
legacies | 20/36 | 37,994 | 12,500 | '/0,730 | |
| Investments | 771 | 771 | ||||
| Expenditure Investments: interest payable |
(10&6) | (10~6) | ||||
| Change in value ofcurrent asset investments |
(866) | (866) | ||||
| Net income | 10,000 | 37499 | 12,500 | 60499 | ||
| Reconclffnrfon | offunds: | |||||
| Funds brought Funds carried |
forward forward |
I73,195 | 8373)99 | 15,000 f15,000 |
58,180 870)680 |
136475 8 196,'774 |
| 2020/21 | ||||||
| tv(VTOF | ROSMF | EDF | 2018fund | Total | ||
| 6 | f | 8 | ||||
| Donations and legacies |
10,763 | 13,500 | 24,263 | |||
| Expenditure | ||||||
| investments: | interest payable | (10,763) | (10,763) | |||
| Net income | i3,500 | 13,500 | ||||
| Reconciliation | of font/s: | |||||
| Funds brought | forward | 63,195 | 15,000 | 44,680 | 122,875 | |
| Funds corned | forward | I63,195 | 8 - | f 1S,OOO | K 58,180 | 5136.37S |
| The assets ofthe restricted funds are held as fogows: | ||||||
| 2021/22 | ||||||
| MOTOF | ROSMF | 2018fund | Total | |||
| 8 | f | |||||
| Current asset |
investments | 32,'700 | 32,700 | |||
| Cash | 73,195 | 5,199 | 15,000 | 70,680 | 164,074 | |
| Net assets | 873,195 | 837,899 | 515,000 | N 70,680 | 5196,774 | |
| 2020/21 | ||||||
| MVTOF | ROSMF | EDF | 2018furtd | Total | ||
| f | f | f | f, | |||
| Other current | assets excluding cash | 2,500 | 2,SGG | |||
| Cash | 63,195 | 15,000 | 55,680 | 133,875 | ||
| 663,195 | k l5,000 | 658,180 | 6 136,375 |
| 4 DONATIONS |
AND L | EGACIES | |||||
|---|---|---|---|---|---|---|---|
| 2021/22 | 2020/21 | ||||||
| Uurestricted | Restricted | Total | Total | ||||
| fund | funds | ||||||
| Doaadoasr | f | f | f | ||||
| Mitsubishi UFI Trust | Oxford | Foundation | 20436 | 20,236 | 10,763 | ||
| Richard O'SuUiven Memorial |
Fund | 37,994 | 37,994 | ||||
| Other donations | 12,500 | 12,500 | 13,500 | ||||
| f, - | f,70,730 | f70,730 | f24,263 | ||||
| 5 INCOME FROM CHARITABLE ACTIVITIES |
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| The income Irom Charitable | actlviYies comprises licence | fees from the Trust's delegate | in respect ofuse of the | ||||
| Trust's property. | |||||||
| 6 INCOME FROM INVESTMENTS |
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| 2021/22 | 2020/21 | ||||||
| Unrestricted | Restricted | Total | |||||
| fund f |
fundsf | f | |||||
| Rent from investment | property | 29,000 | 29,0110 | 29,000 | |||
| Income from current | asset investments | 771 | 771 | ||||
| Interest receivable | 65 | 89 | |||||
| f29,065 | f 771 | 529,036 | f29,089 | ||||
| 7 EXPENDITURE ON |
CHARITABLE ACT!VITIES | ||||||
| 2021/22 | 2020/21 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | ||||||
| f | |||||||
| Gnmts to the Trust's | delegate | 2,000 | 2,000 | Il,000 | |||
| General adtninistration | 102 | 102 | 139 | ||||
| Independent Examination |
5 | 1,764 3,866 |
0- | 1,764 f3,066 |
2,166 6 13,305 |
| the building work carried out and the revers significant value at the year end. |
the building work carried out and the revers significant value at the year end. |
ionary interest in |
this prop | erty has, in the opinion oft |
he Truste | es, no |
|---|---|---|---|---|---|---|
| The Trustees do not consider that there has | been any material | change | in the value ofthe property | since the | ||
| previous valuation. | ||||||
| 2022 | 2021 | |||||
| g | f, | |||||
| Cost at the beginning | ofthe year | 265,000 | 265,000 | |||
| Provision/revaluation | surplus at beginning | snd end ofthe year | 165,000 | 165,000 | ||
| Book value atyear end | 8430,000 | 6 | 430,000 | |||
| 12 DEBTORS |
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| 2022 | 2021 | |||||
| Trade debtors | 8,720 | 2.058 | ||||
| Prepayments and accrued income |
1,810 | 3,166 | ||||
| Other debtors | 160 | 9,910 | ||||
| 810,690 | 8 15,134 |
| 4 CREDITORS FALLING DUE WITHIN ONE YEA |
R | |
|---|---|---|
| 2022 | 2021 | |
| 8 | f | |
| Trade creditors | 2464 | |
| Accruals and deferred income | 9,539 | 9,751 |
| f11,903 | i.9,751 |
| ree reserves comprise those | net current assets attributable to the |
unrestricted funds as follows: |
|
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | f, | ||
| Net current assets | 615,003 | 524,079 | |
| Less assets held in restricted | funds (note 3) | (196,774) | (136,375) |
| 8418429 | f387,704 |
| 7 FINANCIAL INSTRUMENTS |
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|---|---|---|---|
| Note | 2022 | 2021 | |
| 5 | f | ||
| Financier assets held arfair value through profit and loss: | |||
| Trade debtors | 12 | 8,720 | 2,058 |
| Other debuas | 12 | 160 | 9,910 |
| Current asset investments | 13 | 32,700 | |
| Cash and cash equivtdents | 583,516 | 518,696 | |
| 8625,096 | f530,664 | ||
| Financial Jlahiirrlas iraid ar amornsad cost: | |||
| Trade creditors | 14 | 2464 | |
| Long tenn loan | 16 | 630,000 | 630,000 |
| 8632~ | f630,000 |