2022-12-31-accounts

Trustees			Dr C Adam
			Dr A Al-Kuwaiz
			Dr A A Al-Mudhaf
			Professor R J	Goodman
			Mr A Lajous
			HRI-I Pnnce A	bin Salman	Al Saud
			Mr L A Whitehead
			Professor K E	Bogars
			Mr T Terazawa
			Ms R Bergholtz			(Appointed	5Apnl 2022)
			Mr KAl-Ruwaigh			(Appointed	14October 2022)
			Mr P F Mathieu
			Mr M Toll			(Resigned	14 January 2022,
						reappointed	21 February
						2023)
Secretary			Ms K A Teasdale
Charity	number		286084
Company		number	01676971
Principal	address		57Woodstock	Road
			Oxford
			Oxfordshire
			OX2 6FA
Registered		offic	66 Present Street
			London
			El BNN
Auditor			CBW Audit Limited
			66 Prescot Street
			London
			El BNN
Bankers			Barclays Bank	pic
			Oxford City Office
			PO Box333
			Oxford
			Oxfordshire
			OXI 3HS
Investment		advisors	Brevnn Dolphm
			12 Smithfield	Street
			London
			ECIA 9BD

			Page
Trustees report			1-4
Statement ofTrustees	responsiblihes
Independent auditor's	report		6-9
Statement of financial	activities
Summary income and	expenditure	account
Statcmcnt of finanool	posihon		12
Statement ofcash flows
Notes to the financial	statements		14- 27

						Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
						funds	funds		funds	funds
						2022	2022	2022	2021	2021	2021
					Notes			6	f.	f.	6
Income from:
Voluntaiy income					3	775,683		775,683	701,230		701,230
Incoming resources				from
charitable activities					4	1,308,347		1,308,347	1,453,507		1,453,507
Incoming resources				from
investments					5	272,419		272,419	243,299		243,299
Total income						2,356,449		2,356,449	2,398,036		2,398,036
Raising funds					6	51,154		51,154	48,851		48,851
Charitable activities
Pro/acts and publicabons
					7	1,445,887		1,445,887	1,226,692		1,226,692
Support costs					7	300,982		300,982	279,809		279,809
Total charitable		expenditure				1,746,869		1,746,869	1,506,501		1,506,501
Other expenditure					12	57,777		57,777	59,399		59,399
Total expenditure						1,855,800		1,855,800	1,614,751		1,614,751
Net gains/(losses)			on
investments					11	(702309)	(922,672)	(1,624,981)	1,257,383	(58,097)	1,199,286
Net movement	In		funds			(201 660)	(922,672)	(1,124,332)	2,040,668	(58,097)	1,982,571
Fund balances	at	1		January	2022
						8,282,760	4,363,353	12,646,113	6,242,092	4,421,450	10,663,542
Fund balances	at			31 December
2022						8,081,100	3,440,681	11,521,781	8,282,760	4,363,353	12,646,113

			All income funds
			2022	2021
			6	6
Gross income			2,356,449	2,398,036
(Losses)/gains	on investments		(702,309)	1,257,383
Total income	in the reporting	pened	1,654,140	3,655,419
Total expenditure from income funds			1,855,800	1,614,751
Net (expenditure)/Income		for the year	(201,660)	2,040,668

				2022		2021
			Notes	E		6
Fixed assets
tangible assets			13		295		2,925
Investments			14		10,103,550		11,208,514
					10,103,845		11,211,439
Current assets
Debtors			16	348,688		514,118
Cash at bank and	in	hand		1,227,587		1,059,122
				1,576,275		1,573,240
Creditors: amounts		falling due within one
year
Taxation and sowal		secunty		42,028		32,952
Other creditors				116,311		105,614
				158,339		138,566
Net current assets					1,417,936		1,434,674
Total assets less	current liabilities				11,521,781		12,646,113
Capital funds
Endowment funds	-	general			3,440,681		4,363,353
Income funds
Unrestncted funds					8,081,100		8,282,760
					11,521,781		12,646,113

					2022		2021
				Notes	6		6
Cash flows from operating		activities
Cash generated from operations				23		416,063		241,657
Investing	activities
Decrease/(Increase) in cash		within investment		porffobo
					691,498		(570,762)
Purchase	ofother investments				(4,165,406)		(2,674,897)
Proceeds	on disposal ofother investments				2,953,891		2,671,341
Investment	income received				272,419		243,299
Net cash	used in investing	activities				(247,598)		(331,019)
Net cash	used in financing	activities
Net Increase/(decrease) In		cash and	cash	equivalents
						168,465		(89,362)
Cash and	cash equivalents	at beginning	ofyear			1,059,122		1,148,484
Cash and	cash equivalents	at end of	year			1,227,587		1,059,122

5	Incoming resotsces from investments	Incoming resotsces from investments
			Unrestricted	Unrestncted
			funds	funds
			2022	2021
			f	F
	Income from hated investments		208,949	209,443
	Income from Corporate	bonds	26,135	23,301
	Income from Internaaonal	Bond	29,049	10,423
	Interest receivable		8,286	132
			272,419	243,299
6	Raising funds
			2022	2021
	Investment management		51,154	48,851

		Projects antBupport	Projects antBupport	costs	Total	Projects antBupport	Projects antBupport	costs	Total
		pubffcatlons			2022	pubgcatlons			2021
		2022		2022		2021		2021
		f		f		f		f
Staff costs		642,183		154,152	796,335	658,251		136,514	794,765
DepremaUon and impairment
				2,630	2,630			11,469	11,469
Consultancy		623,355			623,355	529,043			529,043
Matenals and Library Costs		24,702			24,702	21,605			21,605
Light and heat				4,366	4,366			11,003	11,003
Telecommunicacons				8,361	8,361	1,127		5,907	7,034
Photocopying, postage,
pnnting and staUonery				2,832	2,832			3,172	3,172
Suiitliy expelyses				13,801	13,861	122		4,207	4,329
Repairs, maintenance	and
property expenses				2,043	2,043			2,276	2,276
Travel and subsistence		37,260			37,260	10,594			10,594
Gas day costs		52,120			52,120	22
Promotional activities		16,070		3,001	19,671	5,928			5 928
Computer software				22,156	22,156			27,267	27,267
Bank Charges				691	691			508	508
Insurance				5,627	5,627			4,845	4,845
Rent, rates and water				81,674	81,674			80,702	80,702
Other charnable expendnure		49,597		(412)	49,185			(1,495)	(1,495)
		1,445,887	300,982		1,746,869	1,226,692	279,809		1,506,501

		2022	2021
		Number	Number
Academic
Admmistrabve
Total		12	13
Employment	costs	2022	2021
			6
Wages and satanas		670,657	665,000
Social security	costs	88,242	87,143
Other pension	costs	67,218	67,511
		826,117	819,654

2022	2021
Number	Number

			Unrestricted	Endowment	Total	Unrestncted	Endowment	Total
			funds	funds		funds	funds
				general			general
			2022	2022	2022	2021	2021	2021
			6	6	f.	f	f	f
Revaluauon	of	investments
			(1,751467)	(922,672)	(2,674,139)	(82,019)	(58,097)	(140,116)
Gain/(loss)	on	sale of
investments			1,049 158		1,049,158	1,339,402		1,339,402
			(702309)	(922,672)	(1,624,981)	1,257,383	(58,097)	1,199,286

			Unrestricted	Total
			funds	2021
			8	9
Wages			29,782	24,889
Accountancy		fees	5,637	8,571
Auditor's	remuneration		15,750	14,250
Training costs			2,865	534
Legal and	professional		3,743	11,155
			57,777	59,399

Tangible fixed assets
		Leasehold	Library	Plant andFixtures,		fltunas	Total
		Improvements		machinery	d equipment
Cost
At 1 January 2022		17,272	114,478	58,957		18,688	209,395
At 31 December 2022		17,272	114,478	58,957		18,688	209,395
Depreciation and Impairment
At I January 2022		17,272	113,288	57,498		18,412	206,470
Depreaabon charged	in the year		1,190	1,269		171	2,630
At 31 December 2022		17,272	114,478	58,767		18,583	209,100
Carrying amount
At 31 December 2022						105
At 31 December 2021			1,190	1,459		276	2,925

Fixed asset Investments			(Continued)
	Listed	Cash in	Tots I
	investments	porffogo
	F.
Cost or valuation
At 1 January 2022	10,349,395	859,119	11,208,514
Additions	4,165,406		4,165,406
Valuation changes	(2,674,139)		(2,674,139)
Disposals	(1,904,733)	(691,498)	(2,596,231)
At 31 December 2022	9,935,929	167,621	10,103,550
Carrying amount
At 31 December 2022	9,935,929	167,621	10,103,550
At 31 December 2021	10,349,395	859,119	11,208,514

15	Financial	Instruments			2022	2021
					6	6
	Carrying	amount of	financial assets
	Instruments measured		at fair value thrcugh	profit or loss	9c35929	10349395
16	Debtors
					2022	2021
	Amounts	falgng due	within one year;		6	6
	Trade debtors				294,104	426,279
	Amounts	owed by fellow group undertakings			23,150	30,099
	Other debtors					28,448
	Prepayments and accrued mcome				31,434	29,292
					348,688	514,118

Creditors: am	ounts faglng due within one year
		2022	2021
		6	6
Other taxation	and somal secunty	42,028	32,952
Trade creditors		43,978	41,178
Other creditors		5,544	5,334
Accruals		66,789	59,102
		158,339	138,566

Analysis	of	net	assets between funds
				UnrestrlctedEndowment		Total	Total
				Fundsfunds
				2022	2022	2022	2021
				6	6	f	6
Fund balances			at 31 December 2022 are
represented		by:
Tangible	assets			295		295	2,925
Investments				6,662,869	3,440,681	10,103,550	11,208,514
Current	assets/(liabilrbes)			1,417,936		1,417,936	1,434,674
				8,081,100	3,440,681	11,521,781	12,646,113

	2022	2021
	6	6
Withm one year	66,000	66,000
Between two and five years	115,500	181,500
	181,500	247,500