2021-12-31-accounts

Trustees			Dr CAdam
			Dr AAI-Kuwaiz
			Dr AAAI-Mudhaf
			Professor RJ	Goodman
			Mr A Lajous
			HRH Prince A	bin Salman	Al Saud
			Mr LA Whitehead
			Dr AAAttiga
			Mr P F Mathieu
			Professor KE Borjars
			Mr TTerazawa			(Appointed	8September
						2021)
			Ms R Bergholtz			(Appointed	5April 2022)
Secretary			Ms KATeasdale
Charity	number		286084
Company		number	01676971
Principal	address		57 Woodstock	Road
			Oxford
			Oxfordshire
			OX2 6FA
Registered		office	66Prescot Street
			London
			E1 8NN
Auditor			CBWAudit Limited
			66Prescot Street
			London
			E1 BNN
Bankers			Barclays Bank pic
			Oxford City Office
			PO Box333
			Oxford
			Oxfordshire
			OX1 3HS
Investment		advisors	Brewin Dolphin
			12Smithfield	Street
			London
			EC1A9BD

				Page
Trustees	report			1-4
Statement	ofTrustees	responsibilities
Independent auditor's		report		6-9
Statement	offinancial	activities		10
Summary	income and	expenditure	account
Statement	offinancial	position		12
Statement	ofcash flows
Notes to the financial		statements		14-27

				Unrestricted	Endowment	Tota!	Unrestricted	Endowment	Total
				funds	funds		funds	funds
			Notes	2021 f	2021 f		2020 f	2020 f	2020f
Income from:
Voluntary income			3	701,230		701,230	730,023		730,023
Incoming resources
from chariitable
activities			4	1,453,507		1,453,507	948,677		948,677
Incoming resources
from investments			5	243,299		243,299	256,608		256,608
Total income				2,398,036		2,398,036	1,935,308		1,935,308
~E«Cht
Raising funds			6	48,851		48,851	43,503		43,503
Charitable activities
Projects and
publications				1,226,692		1,226,692	1,240,362		1,240,362
Support costs				279,809		279,809	397,399		397,399
Total charitable		expenditure		1,506,501		1,506,501	1,637,761		1,637,761
Other expenditure			12	59,399		59,399	60,998		60,998
Total resources		expended		1,614,751		1,614,751	1,742,262		1,742,262
Net gains/(losses)			on
investments			11	1,257,383	(58,097)	1,199,286	121,970	11,147	133,117
Net movement	in		funds	2,040,668	(58,097)	1,982,571	315,016	11,147	326,163
Fund balances at		1 January
2021				6,242,092	4,421,450	10,663,542	5,927,076	4,410,303	10,337,379
Fund balances	at		31
December 2021				8,282,760	4,363,353	12,646,113	6,242,092	4,421,450	10,663,542

			All income funds
			2021f	2020f
Gross income			2,398,036	1,935,308
Gains on investments			1,257,383	121,970
Total income in	the reporting	period	3,655,419	2,057,278
Total expenditure	from income funds		1,614,751	1,742,262
Net income for	the year		2,040,668	315,016

						2021	2020
				Notes	f		f
Fixed assets
Tangible assets				13		2,925	7,828
Investments				14		11,208,514	9,434,911
						11,211,439	9,442,739
Current assets
Debtors					514,118		169,177
Cash at bank and in	hand			1,059,122			1,148,484
				1,573,240			1,317,661
Creditors: amounts	falling due within
one year
Taxation and social	security				32,952		34,693
Other creditors					105,614		62,165
					138,566		96,858
Net current assets						1,434,674	1,220,803
Total assets less current			liabilities			12,646,113	10,663,542
Capital funds
Endowment funds -	general					4,363,353	4,421,450
Income funds
Unrestricted funds						8,282,760	6,242,092
						12,646,113	10,663,542
					5 May	2022
The financial statements		were approved		by the Trustees on	.........................
~Khl			E
Mr LA Whitehead				Mr TTerazawa
Trustee				Trustee

					2021		2020
				Notes	f		f
Cash flows from operating		activities
Cash generated from/(absorbed			by)	22
operations						241,657		(46,251)
Investing	activities
Purchase	oftangible fixed assets						(1,548)
Decrease/(Increase) in cash		within investment
portfolio					(570,762)		53,048
Purchase	ofother investments				(2,674,897)		(947,998)
Proceeds	on disposal ofother		investments		2,671,341		1,093,155
Investment	income received				243,299		256,608
Net cash	(used in)/generated		from
investing	activities					(331,019)		453,265
Net cash	used in financing	activities
Net (decrease)/increase in		cash and cash
equivalents						(89,362)		407,014
Cash and	cash equivalents	at	beginning	ofyear		1,148,484		741,470
Cash and	cash equivalents	at end ofyear				1,059,122		1,148,484

		Unrestricted	Unrestricted
		funds	funds
		2021f	2020 f.
Donations	and gifts	701,230	706,750
Coronavirus	Job Retention Scheme grant		23,273
		701,230	730,023

		Unrestricted	Unrestricted
		funds	funds
		2021f	2020f
Income from listed investments		209,443	211,470
Income from Corporate	bonds	23,301	27,237
Income from International	Bond	10,423	16,288
Interest receivable		132	1,613
		243,299	256,608
Raising funds
		2021	2020
Investment management		48,851	43,503

			Projects	Projects	Support	Total	Projects	Support	Total
				and	costs	2021	and	costs	2020
			publications				publications
			2021f		2021f	f	2020 f	2020f
Staffcosts			658,251		136,514	794,765	741,724	240,131	981,855
Depreciation and
impairment					4,903	4,903		11,469	11,469
Consultancy			529,043			529,043	471,149		471,149
Materials and Library
Costs			21,605			21,605	10,568		10,568
Light and heat					11,003	11,003		5,602	5,602
Telecommunications			1,127		5,907	7,034		5,125	5,125
Photocopying, postage,
printing and stationery					3,172	3,172	21	2,030	2,051
Sundry expenses				122	4,207	4,329	1,786	5,667	7,453
Repairs, maintenance		and
property expenses					2,276	2,276		1,554	1,554
Travel and subsistence			10,594			10,594	12,711		12,711
Gas day costs				22		22	2,932		2,932
Promotional activities			5,928			5,928
Computer sofhvare					27,267	27,267		41,810	41,810
Bank Charges					508	508		651	651
Insurance					4,845	4,845		3,978	3,978
Subscriptions							(529)		(529)
Rent, rates and water					80,702	80,702		83,490	83,490
Other charitable
expenditure					(1,495)	(1,495)		(4,108)	(4,108)
			1,226,692		279,809	1,506,501	1,240,362	397,399	1,637,761
			1,226,692		279,809	1,506,501	1,240,362	397,399	1,637,761
Auditor's remuneration
The analysis ofauditor's			remuneration	isas follows:
								2021f	2020f
Audit ofthe annual	accounts							8,750	8,500
Non-audit services
All other non-audit	services							5,500	5,500

						2021	2020
						Number	Number
Academic							10
Administrative							6
Total						13	16
Employment	costs					2021	2020
						E	6
Wages and saladies						661,967	817,030
Social security	costs					87,143	94,975
Other pension	costs					67,511	75,351
						816,621	987,356
The number	of employees	whose	annual	remuneration	was f60,000 or
more were;
						2021	2020
						Number	Number
f60,001 - f70,000						1	3
f70,001 - f80,000						1	1
6120,001 - f130,000						1	1
f.140,001 - f.150,000						1	1

		Unrestricted Endowment	Unrestricted Endowment	Total	Total
		funds	funds	2021	2020
		f	general f
Revaluation	ofinvestments	(82,019)	(58,097)	(140,116)	26,128
Gain/(loss)	on sale ofinvestments	1,339,402		1,339,402	106,989
		1,257,383	(58,097)	1,199,286	133,117
For the year ended 31December
2020		121,970	11,147		133,117

	Unrestricted	Total
	funds f.	2020f
Wages	24,889	22,932
Accountancy fees	8,571	20,673
Auditor's remuneration	14,250	8,500
Training costs	534
Legal and professional	11,155	8,893
	59,399	60,998

13	Tangible fixed assets
			Leasehold	Lihrarr	Plant and	Fixtures,	Total
			Improvements		machinery	fittings &
						equipmentf
	Cost
	At 1 January 2021		17,272	114,478	58,957	18,688	209,395
	At 31 December 2021		17,272	114,478	58,957	18,688	209,395
	Depreciation and impairment
	At 1 January 2021		17,186	110,572	55,579	18,230	201,567
	Depreciation charged	in the year	86	2,716	1,919	182	4,903
	At 31 December 2021		17,272	113,288	57,498	18,412	206,470
	Carrying amount
	At 31 December 2021			1,190	1,459	276	2,925
	At 31 December 2020		86	3,906	3,378	458	7,828

Fixed asset investments
	Listed	Cash in	Total
	investments	portfolio
	6
Cost or valuation
At 1 January 2021	9,146,554	288,357	9,434,911
Additions	2,674,897	570,762	3,245,659
Valuation changes	(140,117)		(140,117)
Disposals	(1,331,939)		(1,331,939)
At 31 December 2021	10,349,395	859,119	11,208,514
Carrying amount
At 31 December 2021	10,349,395	859,119	11,208,514
At 31 December 2020	9,146,554	288,357	9,434,911

15	Financial instruments			2021 6	2020f
	Carrying amount of	financial assets
	Instruments measured	at fair value through	profit or loss	10,349,395	9,146,554
16	Debtors
	Amounts falling due	within one year:		2021 8	2020f
	Trade debtors			426,279	101,552
	Amounts owed by fellow group undertakings			30,099	14,486
	Other debtors			28,448	28,653
	Prepayments and accrued income			29,292	24,486
				514,118	169,177

Creditors: amounts falling due within one year
	2021	2020
	E	E
Other taxation and social security	32,952	34,693
Trade creditors	41,178	11,807
Other creditors	5,334	6,127
Accruals	59,102	44,231
	138,566	96,858

Analysis o	fnet assets between funds
		Unrestricted	Endowment	Total	Total
		Funds	funds
		2021 6	2021 E	2021f	2020f
Fund balances at 31 December 2021 are
represented	by:
Tangible assets		2,925		2,925	7,828
Investments		6,798,211	4,410,303	11,208,514	9,434,911
Current assets/(liabilities)		1,434,674	-	1,434,674	1,220,803
		8,235,810	4,410,303	12,646,113	10,663,542

	2021f	2020 E
Within one year	66,000	66,000
Between two and five years	181,500	247,500
	247,500	313,500

							2021	2020
								6
	Aggregate compensation						353,542	350,400
22	Cash generated from operations						2021 6	2020f
	Surplus for the year						1,982,571	326,163
	Adjustments for:
	Investment income recognised	in statement			offinancial	activities	(243,299)	(256,608)
	Gain on disposal ofinvestments						(1,339,402)	(106,989)
	Fair value gains and losses on	investments					140,116	(26,128)
	Depreciation and impairment oftangible			fixed assets			4,903	11,469
	Movements in working capital:
	((ncrease)/decrease in debtors						(344,940)	27,413
	Increase/(decrease) in creditors						41,708	(21,571)
	Cash generated from/(absorbed		by) operations				241,657	(46,251)
23	Analysis ofchanges in net funds
	The Chadity had no debt during	the	year.