2020-08-31-accounts - The Oxford Centre For Mission Studies

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees			Professor D W Cranston	Professor D W Cranston	Professor D W Cranston	Professor D W Cranston	(Chairman	(Chairman	since	22/05/20)
			Dr M Getu (Chairman			until 22/05/20			when	he resigned)
			Mrs G R Dyrness		(Vice		Chairman	since 22/05/20)
			Mr N PAndrews		(Vice		Chairman	stepped		down 22/05/20)
			Dr P Bendor-Samuel (Executive					Director)
			Mrs SA Hinson
			DrJSLee
			Dr R I Padilla	De	Borst
			Mrs M LSawyer
Chief Operations		Officer appointed	Dr R D Brunt
Secretary
Charity number			290112
Company	number		01835274
Principal address			St Philip 8 St	James Church
			Woodstock Road
			OXFORD
			OX2 6HR
Registered	office		St Philip &St	James Church
			Woodstock Road
			OXFORD
			OX2 6HR
Auditor			Craufurd Hale	Audit Services Limited
			Ground Floor,	Belmont			Place
			Belmont Road
			MAIDENHEAD
			SL66TB
Bankers			Royal Bank ofScotland				Pic
			Oxford South	West RCSC
			74 Waterside	Ddive
			Aztec West
			ALMONDSEY
			BS995BD

		Page
Trustees' report		1-9
Independent auditor's	report	10-12
Statement offinancial	activities	13-14
Balance sheet		15
Statement ofcash flows
Notes to the financial	statements	17-31

		LD Cl		0!	Lll		IQ Ot	LO	O O O	CD			Ot I	N d	Dl d CD	IAN
							IA CD	IA 0 CD	N				Dt	O CO Ct	IQ	CD CO
		C	N	CD	DI
		E		CI
		0
		Iif
		'0 0 0	Dt 0	Ot Ct	DI		IA LA	I O						Ol IA Ot		CD LA CD
		N00.'					CO	IA
		Cf tD N0	N C D	CD CI	W		CO Ot O'	IA N d IA	Ct OO	IA N	CD Ct0!		CD CD	CD CD IQ O Dt CO	CD CD IQ	CD N OlO CD
		C
		0 IQ		O Dl Cl Ol	DI		IA O IQN	LO I O	Ct O	ID	d CD Cl0!		CO	LO LO CO Ot CI	O O O IA	O Ct
								CO
		C Cl	N '0 C	O N ON	DI
			C
LJJ O LLL ~UJ L-I IJJ D ~ LUI- I- I Zz CO~0	N IU Ci I- Nz0 NN 0 UJ	'0 Cl0 I Dl4I0.' '0 Cl0 Cl Cl CD	tD '0 C N '0	O N ON O NON	DI Ltl ID 4l0Z		CO IA O I CD d IQ	IA N CD IQ CO IQ O LO	Ct O N '	O Ot	CO CO CtO ID CtN CON		CO	CO CD CC CD CO I CO	O 0 O IA	CD
Z LLD0 0c(i- o)&~ CO0 U0 g + UJ	IZ IU LJ ICI 0																Cl Cl ClC Cl
Lci N L ~O L- ~0 LLJg— ZyiI- 0g IU a~~ gpZ 0 0 a. U (J UJ IDCC~ O 0 Z	0 0 N IJI IN ILI- IUZI-0I-					00C	N8 U LC Cn 0 C Cl ut CfC 0 CI	N 0 0 Cf 0 N 0	Ct Cl '6 IE 0	E Vl g	Cl E0 O IQ	C 4I UI	LD C Qt C LD Cl0'	ID ID ID 4! T) LD N	0'0 C IC III Dt C N	0C00. Cl N00 0 ID ClI Cl0	4I0 441 N00 I 0 Cl Cl I CO C E00C ClX

					2020		2019
				Notes	6		6	F
Fixed assets
Tangible assets				12		1,566,189		1,572,378
Investments				13		4		4
						1,566,193		1,572,382
Current assets
Stocks				14	5,000		5,000
Debtors				15	51,396		54,858
Cash at bank and	in	hand			652,083		543,038
					708,479		602,896
Creditors: amounts		falling due within
one year				17	(499,706)		(489,081)
Net current assets						208,773		113,815
Total assets less	current		liabilities			1,774,966		1,686,197
Creditors: amounts		falling due after
more than one year				18		(258,372)		(282,996)
Net assets						1,516,594		1,403,201
Represented by
Endowment funds				20		1,004,870		1,004,870
Restricted funds				21		168,496		99,980
Unrestricted funds
Designated property		fund		22	156,838		133,164
General unrestricted		funds			186,390		165,187
						343,228		298,351
						1,516,594		1,403,201

				2020		2019
			Notes	8		8
Cash flows from operating		activities
Cash generated from operations			27		128,183		151,765
Investing activities
Purchase oftangible fixed	assets			(1,680)		(10,101)
Interest received				1,113		1,235
Net cash used in investing		activities			(567)		(8,866)
Financing activities
Repayment of bank loans				(23,674)		(23,220)
Net cash used in financing		activities			(23,674)		(23,220)
Net increase in cash and cash equivalents					103,942		119,679
Cash and cash equivalents		at beginning	ofyear		543,038		423,359
Cash and cash equivalents		at end of	year		646,980		543,038
Relating to:
Cash at bank and in hand					652,083		543,038
Bank overdrafts included	in	creditors
payable within one year					(5,103)
					646,980		543,038

Donations and legacie	s
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2020	2020 6	2020f	2019 6	2019f	2019
Donations and gifts	45,854	55,952	101,806	50,882		50,882
Grants receivable for
scholarships		119,465	119,465		115,698	115,698
Other grants receivable	94,724	109,410	204,134	98,566	70,835	169,401
	140,578	284,827	425,405	149,448	186,533	335,981

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
		2	2	9	9	0	f
Tuition fees		771,180		771,180	733,278		733,278
Support for	and sale of
publications	etc.		16,051	16,051		50,742	50,742
Contributions	to
overheads		14,145		14,145	21,147		21,147
		785,325	16,051	801,376	754,425	50,742	805,167

Unrestricted	Restricted	Total	Unrestricted
funds	funds		funds
2020	2020	2020	2019
6	6	6	6
1,104		1,113	1,235

					Unrestricted	Unrestricted
					funds	funds
					2020 F	2019 f
Fun	'	'n	nd	ublici
Staging		fundraising		events	834	3,179
					834	3,179

				Unrestricted	Restricted	TotalUnrestricted	TotalUnrestricted	Restricted	Total
				Funds	Funds	2020	Funds	Funds	2019
				General			General
				2020	2020		2019	2019
				6	6		6	6
Staff costs		(note 11)		488,243	15,000	503,243	476,499		476,499
Scholarships allocated				143,947	90,740	234,687	129,188	113,889	243,077
Provision	ofcourse
programme		costs		82,832		82,832	56,018		56,018
Publications					22,067	22,067		44,985	44,985
Bad debts				4,320		4,320	(887)		(887)
Support costs				69,799	100,431	170,230	124,981	60,675	185,656
Legal and		professional
fees							20,000		20,000
Audit and		accountancy		12,085		12,085	13,130		13,130
Trustees'	Indemnity
Insurance				688		688	1,376		1,376
Mortgage		interest		8,770		8,770	9,669		9,669
Architect	consultancy		fees	44,383	3,746	48,129
It, website		and other
consultancy fees				22,815		22,815	30,619		30,619
				877,882	231,984	1,109,866	860,593	219,549	1,080,142

Costs of	charitable	charitable	charitable	activities	by activity	type
				Activities		Support	Totalfunds	Activities	Support	Total funds
				undertaken		activities	2020	undertaken	activities	2019
					directly			directly
					8	6		8
Staff costs		(note 11)			344,723	158,520	503,243	313,179	163,320	476,499
Scholartships			allocated		317,519	173,976	491,495	299,095	185,656	484,751
Publications					22,067		22,067	44,985		44,985
Bad debts					4,320		4,320	(887)		(887)
Legal and fees		professional							20,000	20,000
Audit fees						3,600	3,600		5,100	5,100
Accountancy			fees			8,485	8,485		8,030	8,030
Trustees	indemnity
insurance						688	688		1,376	1,376
Mortgage		interest				8,770	8,770		9,669	9,669
Architect	consultancy
fees						44,383	44,383
It, website		and other
consultancy			fees			22,815	22,815		30,619	30,619
					688,629	421,237	1,109,866	656,372	423,770	1,080,142

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
To	organisations	5,000	5,948

Number ofemployee	Number ofemployee	s	s
The average monthly		number		ofemployees	during	the year was:	2020	2019
							Number	Number
Academic, library and		developent
Administrative
Management
							14	12
Seconded and	volunteer		personnel				14	14
The aggregate	payroll		costs	ofthese employees		were as follows:	2020	2019
							E	8
Wages and salades							443,397	426,835
Social security	costs						37,134	29,855
Other pension	costs						22,712	19,809
							503,243	476,499

Tangible fixed assets	Tangible fixed assets
			St Phillip aSt	Freehold	Fixtures and	Total
			James' Churoh	property	fittings
			6	6	6
Cost
At 1 September 2019			1,004,870	431,160	293,834	1,729,864
Additions					1,680	1,680
Disposals					(107,292)	(107,292)
At 31August	2020		1,004,870	431,160	188,222	1,624,252
Depreciation	and impairment
At 1 September 2019					157,486	157,486
Depreciation	charged	in the year			7,869	7,869
Eliminated in	respect ofdisposals				(107,292)	(107,292)
At 31August	2020				58,063	58,063
Carrying amount
At 31August	2020		1,004,870	431,160	130,159	1,566,189
At 31August	2019		1,004,870	431,160	136,348	1,572,378

13	Fixed asset investments	Fixed asset investments
					Other
					investments
	Cost orvaluation
	At 1 September 2019&31 August 2020
	Carrying amount
	At 31August 2020
	At 31August 2019
				2020	2019
	Other investments	comprise:	Notes	f	6
	Investments in subsidiaries		26	4	4
14	Stocks
				2020f	2019 6
	Stock ofpublications			5,000	5,000
15	Debtors
				2020	2019
	Amounts falling due within one year:			6	6
	Trade debtors			24,832	35,236
	Other debtors			26,564	19,622
				51,396	54,858

Loans and overdrafts
	2020	2019
Bank overdrafts	5,103
Bankloans	282,612	306,286
	287,715	306,286
Payable within one year	29,343	23,290
Payable after one year	258,372	282,996

17	Creditor	s: amounts	falling due within one year
					2020	2019
				Notes		6
	Bank loans and overdrafts				29,343	23,290
	Other taxation and social security				12,464	9,838
	Trade creditors				17,549	53,040
	Student	fees paid in	advance		252,200	176,459
	Amounts	owed to fellow group undertakings			4	4
	Deferred	income			13,900	84,125
	Accruals				174,246	142,325
					499,706	489,081
18	Creditors: amounts		falling due after more than one year
					2020	2019
				Notes	6
	Bank loans			16	258,372	282,996

						Movement	Movement
					Balance at	Incoming	Resources	Transfers	Balance at
				1	September	resources	expended		31August
					2019				2020
					8				6
Freehold	Property	Endowment	Fund		1,004,870				1,004,870
					1,004,870				1,004,870

			Movement in funds	Movement in funds
		Balance at	Incoming	Resources	Transfers	Balance at
		1 September	resources	expended		31August
		2019				2020
		5				6
Scholarship	funds	21,788	119,465	(90,740)		50,513
Library poject		4,298			(4,298)
Project fund		52,060	150,362	(104,177)	3,911	102,156
Publications	fund	15,917	16,051	(22,067)		9,901
Windows appeal		5,917	9			5,926
Grant towards Tom Harvey placement			15,000	(15,000)
		99,980	300,887	(231,984)	(387)	168,496

								Movement in Funds	Movement in Funds	Movement in Funds
							Balance at		Transfers		Balance at	Transfers	Balance at
							1September			1	September		31August
								2013			2019		2020
								8	F		6		E
	Property	Fund						113,853	19,311		133,164	23,674	156,838
								113,853	19,311		133,164	23,674	156,838
23	Analysis	of net assets between			funds
							Unrestricted		Designated	Restricted		Endowment	Total
								funds	funds		funds	funds
								2020	2020		2020	2020	2020
								E	E		E	6	E
	Fund balances at 31August 2020
	are represented by:
	Tangible assets						131,109		430,210			1,004,870	1,566,189
	Investments							4					4
	Current assets/(liabilities)							55,277	(15,000)		168,496		208,773
	Long term		liabilities						(258,372)				(258,372)
							186,390		156,838		168,496	1,004,870	1,516,594
24	Operating		lease commitments
	At the reporting end			date the Charity		had outstanding			commitments	for future		minimum lease	payments
	under non-cancellable			operating	leases,		which	fall due	as follows:
												2020	2019
													6
	Within one		year									1,336	1,336
	Between	two and five years										1,336	2,672
												2,672	4,008

Cash generated	from	operations	operations				2020	2019
Surplus for the year							113,394	55,114
Adjustments for:
Investment income recognised			in statement		offinancial	activities	(1,113)	(1,235)
Depreciation and	impairment		oftangible	fixed assets			7,869	6,612
Movements in working		capital:
Decrease in debtors							3,462	9,166
Increase in creditors							4,571	82,108
Cash generated	from	operations					128,183	151,765
Analysis ofchanges		in net funds
						At 1September	Cash flows	At 31August
						2010f		2020 6
Cash at bank and	in hand					543,038	109,045	652,083
Bank overdrafts							(5,103)	(5,103)
						543,038	103,942	646,980
Loans falling due	within	one year				(23,290)	(950)	(24,240)
Loans falling due	after	more than one year				(282,996)	24,624	(258,372)
						236,752	127,616	364,368

Movement in th	ese funds during the year were as follow	s:
		2020	2019f
Balances brought forward		24,061	16,475
Net movement	in the period	(1,754)	7,586
Balance carried	forward	22,307	24,061