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