|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| ## ## |12|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| ## |16|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|in funds||| |---|---|---|---|---|---|---|---|---|---|---| ||||||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|