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2022-06-30-accounts

Contents
Page
Trustees' Report
Independent
Examiner's		 Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 7-13

rustees BJ Husband
(resigned 22 November		 BJ Husband
(resigned 22 November		 2022)
KSGrant (Chair)
D Edwards (resigned 22 August 2022)
R Jodko-Narkiewicz
(resigned 3 December 2021)
C Rudd (appointed 1 August 2021)
I Twine (resigned 31 July 2021)
V Stone (appointed 8 March 2022)
Company Number 02024986
Charity Number 294750
Registered Office 30StGiles
Oxford
OX1 3LE
Independent Examiners Wenn Townsend
Chartered
Accountants
30St Giles
Oxford
OX1 3LE
Bankers The Co-operative Bank pic
Skelmersd ale
United Trust Bank Limited
London

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. Investment
inco		 e 2022 2021
K K
Investment
income comprises:
335 525
Bank interest
Dividend
income		 1,726 1,066
1,611
4. Activities for generating funds 2022 2021
K K
Trust income 40,000 96,743
5. Net expenditure 2022f 2021f
Net expenditure
Independent		 is stated
examiner's		 after charging:
fees		 2,208 2,610

Notes 30th
6		 June 2022
6		 30th June 2021
6
F		 30th June 2021
6
F
Fixed Assets 100 100
Investments 139 278
Tangible Fixed Assets
239 378
Current Assets
Debtors
Investments
Cash at bank and in hand		 10
11		 919
1,325,781
101,572
1,428,272		 871
1,414,203
112,049
1,527,123
Creditors: amounts
falling
due within one year
Net Current Assets		 12 (7,294) 1,420,978 (5,396) 1,521,727
Net Assets 1,421,218 1,522,105
Reserves
Restricted funds
Unrestricted
designated
funds
Unrestricted
general funds
Wlembers'
Funds		 13
13		 1,000
1,420,218
1,421,218		 1,000
1,521,105
1,522, 105

6. Total expenditure
Charitable
activities		 2022 2021
6
Support costs {below)
Governance costs (below)
Bursaries awarded		 7,711
37,289
7,800		 12,446
17,968
45,177
52,800 75,591
Charitable
activities		 2022 2021
6
Support costs include:— 268
Community
clinic		 29 1,865
Administration
costs
Postage, stationery,		 telephone and other admin costs 6,815
46		 9,546
Bank charges 821 767
Insurance
7,711 12,446
Governance costs include:- 2022 2021
Professional fees
AccountancY		 34,143
3,146		 12,539
5,429
Trustee expenses
37,289 17,968
Raising funds 2022f 2021
8
Investment
management		 costs 2,258 1,933
7. Trustees and employees 2022 2021
6 6
Nil Nil
Trustees'
emoluments

Fixed asset investments Shares in
subsidiary
companies
Cost
At 1stJuly 2021 and
at 30th June 2022		 100
Amounts
written off
At 1stJuly 2021 and
at 30th June 2022
Net book values
At 30th June 2022		 100
At 30th June 2021 100
Company Country of
incorporation		 Shareholding
Class		 Net assets at
30th June 2022
F.		 Result for
the year
8
Subsidiary
undertaking:
McTimoney
College
Services Limited		 England Ordinary 100 (7,310)
The company
did not operate during the year.
9. Tangible fixed assets Fixtures,
Fittings 8
Equipment
8
Cost
At 1stJuly 2021		 1,905
At 30th June 2022 1,905
Depreciation
At 1stJuly 2021		 1,627
139
Charge
At 30th June 2022 1,766
Net book value at 30th June 2022 139
Net book value at 30th June 2021 278

...continued
10. Debtors 2022 2021
F.
Prepayments
and accrued income		 919 871
2022 2021
11. Investments E E
Quoted investments
Market value at 1stJuly
Additions atcost
Proceeds from disposals
Increase
in market value
Gain on disposals		 2021
in the year		 1,414,203
1,728
(2,258)
(88,256)
364		 1,170,895
51,086
(64,104)
252,497
3,829
Market value at 30th June 2022 1,325,781 1,414,203
The historical cost ofthe quoted investments was: 849,474 850,004
12. Creditors: amounts
falling due		 2022
E		 2021
F
within one year
Other creditors
Accruals and deferred		 income 4,448
2,846		 2,496
2,900
7,294 5,396
13. Charity funds
Current Year At 1st
Juiy
2021
E		 Interest
on
account
F		 Transfers
between
funds
E		 Expended
in the
year
E		 At 30th
June
2022
F
Restricted funds
Bronwen
Herbertson		 bursary
Designated funds
Barbara Minter prize fund 1,000 1,000

Prior Year At 1st
July
2020		 interest
on
account		 Transfers
between
funds		 Expended
in the
year		 At 30til
June
2021
F E E K
Restricted funds
Bronwen
Herbertson		 bursary
Designated funds
Barbara Minter prize fund 1,000 1,000

Current year Unrestricted Unrestricted
general
funds		 Restricted
funds		 designated
funds		 Total
E 8 F F
Fund balances at 30th June 2022
are represented
by:
Fixed asset investments
Tangible fixed assets
Current assets
Current
liabilities		 100
139
1,427,272
(7,294)		 1,000 100
139
1,428,272
(7,294)
Net assets 1,420,218 1 000 1421 218

Prior Year
Unrestricted Unrestricted
general
funds		 Restricted
funds		 designated
funds		 Total
F. 8 8
Fund balances at 30th June 2021
are represented
by:
Fixed asset investments
Tangible fixed assets
Current assets
Current
liabilities		 100
278
1,526,123
(5,396)		 1,000 100
278
1,527,123
(5,396)
Net assets 1,521,105 1,000 1,522,105

2022 2021
E E
Income
Donations 8 gifts
Trust income
Bank interest received		 40,000
2,063		 400
96,743
1,611
42,063 98,755
Expenses
Administration
costs
Governance
costs		 29
34,143		 1,865
12,539
Professional fees
Student awards
Bursaries awarded		 2,258
7,800		 2,591
45,177
Bank charges
Connect
Community
Clinic
Insurance
(including
trustee indemnity)
Website production
and marketing
Telephone
Accountancy
Investment
management
fees		 46
821
1,610
73
3,146		 8
268
767
1,958
78
5,428
1,933
Trustee expenses
Storage costs
Meetings
Depreciation		 1,271
1,623
2,099
139		 2,116
296
367
(55,058) (75,391)
Net surplusl(deficit) for the year (12,995) 23,364