|Trustees|||Professor
D W Cranston|Professor
D W Cranston|(Chairman)|(Chairman)| |---|---|---|---|---|---|---| ||||Mrs G R Dyrness
(Vice Chairman)|||| ||||Mr N P Andrews
(Resigned|||27/05/2021)| ||||Dr P Bendor-Samuel
(Executive Director)|||| ||||Mrs SA Hinson (Resigned|||14/08/2021)| ||||DrJSLee|||| ||||Dr R(Padilla|De Borst||| ||||Mrs M LSawyer|||| ||||Mr J C Heyward
(Appointed|||12/07/2021)| ||||Dr D M Kasali|(Appointed|29/04/2021)|| ||||Dr K Kevichusa
(Appointed|||24/09/2020)| |Chief Operations||Officer appointed|Dr R D Brunt|||| |Secretary||||||| |Charity number|||290112|||| |Company|number||01835274|||| |Principal address|||St Philip &St|James Church||| ||||Woodstock Road|||| ||||OXFORD|||| ||||OX2 6HR|||| |Registered|office||St Philip 8 St|James Church||| ||||Woodstock Road|||| ||||OXFORD|||| ||||OX2 6HR|||| |Auditor|||Craufurd
Hale|Audit Services Limited||| ||||C/O Craufurd|Hale Group||| ||||Ground
Floor,|Arena Court||| ||||Crown Lane|||| ||||MAIDENHEAD|||| ||||SL68QZ|||| |Bankers|||Royal Bank ofScotland Pic|||| ||||Oxford South|West RCSC||| ||||74Waterside|Drive||| ||||Aztec West|||| ||||ALMONDSEY|||| ||||BS995BD|||| ## |||Page| |---|---|---| |Trustees'
report||1-9| |Independent
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Q| ## ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes|6||5|6| |Fixed assets|||||||| |Tangible assets|||12||1,655,322||1,566,189| |Investments|||13||4||4| ||||||1,655,326||1,566,193| |Current assets|||||||| |Stocks|||14|5,000||5,000|| |Debtors|||15|41,190||51,396|| |Cash at bank and|in|hand||982,589||652,083|| |||||1,028,779||708,479|| |Creditors: amounts||falling due within|||||| |one year|||17|(622,032)||(499,706)|| |Net current assets|||||406,747||208,773| |Total assets less|current liabilities||||2,062,073||1,774,966| |Creditors: amounts||falling due after|||||| |more than one year|||18||(248,636)||(258,372)| |Net assets|||||1,813,437||1,516,594| |Represented
by|||||||| |Endowment
funds|||20||1,004,870||1,004,870| |Restricted funds|||21||323,520||168,496| |Unrestricted
funds|||||||| |Designated
property||fund|22|181,312||156,838|| |General unrestricted||funds||303,735||186,390|| ||||||485,047||343,228| ||||||1,813,437||1,516,594| ## |||||2021||2020|| |---|---|---|---|---|---|---|---| ||||Notes|6||6|| |Cash flows from operating||activities|||||| |Cash generated
from operations|||28||456,581||128,183| |Investing
activities|||||||| |Purchase oftangible fixed|assets|||(96,579)||(1,680)|| |Interest received||||81||1,113|| |Net cash used in investing||activities|||(96,498)||(567)| |Financing activities|||||||| |Repayment
ofbank loans||||(24,474)||(23,674)|| |Net cash used in financing||activities|||(24,474)||(23,674)| |Net increase
in cash and cash equivalents|||||335,609||103,942| |Cash and cash equivalents||at beginning|ofyear||646,980||543,038| |Cash and cash equivalents||at end of|year||982,589||646,980| |Relating to:|||||||| |Cash at bank and
in hand|||||982,589||652,083| |Bank overdrafts
included|in|creditors|||||| |payable
within one year|||||||(5,103)| ||||||982,589||646,980| ## ## ## ## ## ## ## ## ## ## ## |their usef|ul lives on the following base|s:||| |---|---|---|---|---| |Freehold|land and buildings|Not depreciated|as discussed|below| |St Philip|&St James' Church|Not depreciated|as discussed|below| |Fixtures|and fittings|2% Straight
Line|Method|| |Computers||33%Straight
Line Method||| ## ## ## ## ## ## ## ## ## ## ## ## |Charitable
|activities||||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |||funds|funds||funds|funds|| |||2021|2021|202f|2020|2020|2020| |||f|0|||0|0| |Tuition fees||714,933||714,933|771,180||771,180| |Support for
publications|and sale of
etc.||16,856|16,856||16,051|16,051| |Contributions
overheads|to|13,500||13,500|14,145||14,145| |||728,433|16,856|745,289|785,325|16,051|801,376| ## ## ||||Total|Unrestricted| |---|---|---|---|---| |||||funds| ||||2021|2020| |||||6| |Fundraisin|and|ublici||| |Staging fundraising||events||834| |||||834| ## |Charitable
activities|||||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|TotalUnrestrlcted||Restricted|Total| |||Funds|Funds|2021|Funds|Funds|2020| |||General|||General||| |||2021
8|2021
5|8|2020
f|2020|| |Staff costs (note 11)||572,125|5,000|577,125|488,243|15,000|503,243| |Scholarships
allocated||95,422|106,632|202,054|143,947|90,740|234,687| |Provision
ofcourse|||||||| |programme
costs||37,254||37,254|82,832||82,832| |Publications|||24,511|24,511||22,067|22,067| |Bad debts||(15,009)||(15,009)|4,320||4,320| |Support costs||28,953|66,370|95,323|69,799|100,431|170,230| |Legal and professional|||||||| |fees||12,766||12,766|||| |Audit and accountancy||9,456||9,456|12,085||12,085| |Trustees'
Indemnity
Insurance||15,331||15,331|688||688| |Mortgage
interest||7,347||7,347|8,770||8,770| |Architect consultancy|fees|1,000|1,417|2,417|44,383|3,746|48,129| |IT,website and other
consultancy
fees||31,215||31,215|22,815||22,815| |IT Infrastructure
virtual|||||||| |learning|||1,530|1,530|||| |||795,860|205,460|1,001,320|877,882|231,984|1,109,866| ## |8|Costs ofcharitable|activities|by activity|type||||| |---|---|---|---|---|---|---|---|---| |||Activities||Support|Totalfunds|Activities|Support|Total funds| |||undertaken||activities|2021|undertaken|activities|2020| ||||directly|||directly||| |||||6||5||| ||Staff costs (note 11)||424,153|152,972|577,125|344,723|158,520|503,243| ||Scholarships
allocated||202,054|95,323|297,377|234,687|170,230|404,917| ||Provision ofcourse|||||||| ||programme
costs||37,254||37,254|82,832||82,832| ||Publications||24,511||24,511|22,067||22,067| ||Bad debts||(15,009)||(15,009)|4,320||4,320| ||Legal snd professional|||||||| ||fees|||12,766|12,766|||| ||Audit fees|||4,000|4,000||3,600|3,600| ||Accountancy
fees|||5,456|5,456||8,485|8,485| ||Trustees
indemnity
insurance|||15,331|15,331||688|688| ||Mortgage
interest|||7,347|7,347||8,770|8,770| ||Architect consultancy
fees|||2,417|2,417||48,129|48,129| ||It, website and other
consultancy
fees|||31,215|31,215||22 815|22815| ||IT Infratructure
virtual|||||||| ||learning|||1,530|1,530|||| ||||672,963|328,357|1,001,320|688,629|421,237|1,109,866| |9|Grants Expended|||||||| |Unrestricted|Unrestricted| |---|---| |funds|funds| |2021|2020| |5,000|5,000| ## ## ## ## |Number ofemployee|Number ofemployee|s|s||||| |---|---|---|---|---|---|---|---| |The average
monthly||number ofemployees||during|the year was:||| |||||||2021|2020| |||||||Number|Number| |Academic,
library and||developent|||||| |Administrative|||||||| |Management|||||||| |||||||14|14| |Seconded and|volunteer||personnel|||14|14| |The aggregate|payroll||costs ofthese employees||were as follows:|2021
6|2020
6| |Wages and salaries||||||517,667|443,397| |Social security|costs|||||38,940|37,134| |Other pension|costs|||||20,518|22,712| |||||||577,125|503,243| ## |Tangible fix|ed assets|||||| |---|---|---|---|---|---|---| ||||StPhilip &St|Freehold|Fixtures aod|Total| ||||James' Church|property|fittings|| ||||||6|| |Cost||||||| |At 1 September 2020|||1,004,870|431,160|188,222|1,624,252| |Additions|||91,023||5,556|96,579| |At 31August|2021||1,095,893|431,160|193,778|1,720,831| |Depreciation|and impairment|||||| |At 1 September 2020|||||58,063|58,063| |Depreciation|charged|in the year|||7,446|7,446| |At 31August|2021||||65,509|65,509| |Carrying
amount||||||| |At 31August|2021||1,095,893|431,160|128,269|1,655,322| |At 31August|2020||1,004,870|431,160|130,159|1,566,189| ## ## |13|Fixed asset invest|ments|||| |---|---|---|---|---|---| ||||||Other| ||||||investments| ||Cost or valuation||||| ||At 1 September 2020 8 31August 2021||||| ||Carrying
amount||||| ||At 31August 2021||||| ||At 31August 2020||||| |||||2021|2020| ||Other investments|comprise:|Notes||6| ||Investments
in subsidiaries||27||| |14|Stocks||||| |||||2021|2020| ||Stock ofpublications|||5,000|5,000| |15|Debtors||||| ||Amounts
falling due within one year:|||2021f|2020
6| ||Trade debtors|||25,620|24,832| ||Other debtors|||15,570|26,564| |||||41,190|51,396| ## ## |||2021|2020| |---|---|---|---| |||6|6| |Bank overdraRs|||5,103| |Bank loans||258,138|282,612| |||258,138|287,715| |Payable|within one year|9,502|29,343| |Payable|after one year|248,636|258,372| |Creditor|s: amoun|ts
falling due within one year|||| |---|---|---|---|---|---| ||||Notes|2021f|2020| |Bank loans and overdrafts|||16|9,502|29,343| |Other taxation and||social security||9,880|12,464| |Trade creditors||||48,926|17,549| |Student|fees paid|in advance||347,308|252,200| |Amounts|owed to|fellow group undertakings||4|4| |Deferred|income|||59,387|13,900| |Accruals||||147,025|174,246| |||||622,032|499,706| ## |Creditors: amounts
falling due after|more than one year||| |---|---|---|---| ||Notes|2021f|2020| |Bankloans|16|248,636|258,372| ## ## ## |||||||Movement|Movement|in funds||| |---|---|---|---|---|---|---|---|---|---|---| ||||||Balance at|Incoming|Resources||Transfers|Balance at| |||||1|September
2020|resources|expended|||31August
2021| |||||||||K|f|| |Freehold|Property|Endowment|Fund||1,004,870|||||1,004,870| ||||||1,004,870|||||1,004,870| ## |||||Movement|in funds|||| |---|---|---|---|---|---|---|---|---| |||Balance at|Incommg|Resources|Transfers||Revaluations,|Balance at| |||1September
2020|resources|expended|||gains and
losses|31August
2021| |||9||||||| |Scholarship|funds|50,513|96,545|(106,152)||||40,906| |AMRI||59,453|53,195|(64,796)||||47,852| |Publications|fund|9,901|16,856|(24,511)||511||2,757| |Windows
appeal||5,926||||||5,926| |Organisational
case review|||31,172|||||31,172| |Guided research||||||||| |programme|||480|(480)||||| |International|mission|||||||| |leaders||31,431|5,300|201||||36,932| |St Philip &StJames
Development||6,200|101,550|(1,417)|(51,024)|||55,309| |Capitalised
costs|development||||91,024|||91,024| |IT Infastructure
Virtual||||||||| |Learning||2,000|9,000|(1,530)|(4,636)|||4,834| |IT equipment|capitilised||||4,636|||4,636| |Orthodox
church project|||5,000|(5,000)||||| |Paul Woods|research|||||||| |costs||1,329||(378)||||951| |Peer supportfunds||1,743|875|(1,397)||||1,221| |||168,496|319,973|(205,460)|40,511|||323,520| ## ## ## ## ||||||Movement
In Funds|Movement
In Funds|Movement
In Funds|||| |---|---|---|---|---|---|---|---|---|---|---| ||||||Balance at|Transfers||Balance at|Transfers|Balance at| ||||||1 September
2019||1|September
2020||31 August
2021| ||||||6|||||6| ||Property|Fund|||133,164|23,674||156,838|24,474|181,312| ||||||133,164|23,674||156,838|24,474|181,312| |23|Analysis|ofnet assets between||funds||||||| ||||||Unrestricted|Designated|Restricted||Endowment|Total| ||||||funds|funds||funds|funds|| ||||||2021
8|2021
6||2021
8|2021
5|2021f| ||Fund balances at 31||August 2021|||||||| ||are represented
by:|||||||||| ||Tangible|assets|||119,979|439,450||91,023|1,004,870|1,655,322| ||Investments||||4|||||4| ||Current|assets/(habilities)|||183,992|(9,502)||232,257||406,747| ||Long term liabilities|||||(248,636)||||(248,636)| ||||||303,975|181,312||323,280|1,004,870|1,813,437| |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:||||| ||||||||||2021|2020| ||||||||||8|6| ||Within one year||||||||1,336|1,336| ||Between|two and five years||||||||1,336| ||||||||||1,336|2,672| ## ## ## ## |28|Cash generated
from|Cash generated
from|operations|operations||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||||6|| ||Surplus for|the year||||||296,843|113,394| ||Adjustments|for:|||||||| ||Investment|income recognised||in statement||offinancial|activities|(81)|(1,113)| ||Depreciation|and impairment||oftangible|fixed assets|||7,446|7,869| ||Movements|in working|capital:||||||| ||Decrease
in debtors|||||||10,206|3,462| ||Increase
in|creditors||||||142,167|4,571| ||Cash generated
from||operations|||||456,581|128,813| ## |29|Analysis ofchanges
in net funds||||| |---|---|---|---|---|---| |||At|1 September|Cash flows|At 31August| ||||2020||2021| ||||9||| ||Cash at bank and in hand||652,083|330,506|982,589| ||Bank overdrafts||(5,103)|5,103|| ||||646,980|335,609|982,589| ||Loans falling due within one year||(24,240)|14,738|(9,502)| ||Loans falling due after more than one year||(258,372)|9,736|(248,636)| ||||364,368|360,083|724,451| ## ||||2021|2020| |---|---|---|---|---| ||||6|6| |Balances brought||forward|22,307|24,061| |Net movement|in|the period|(3,583)|(1,754)| |Balance carried|forward||18,724|22,307|