## ## |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| ##