## ||||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||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |0
N
n
e'
0
Q.||0
O.
N
C
Q
IQ
Q
IL|X
e
Gl
3
C
'(
Gl
DlI|H
ID
coe
ro
e
c
N|X
Gl
n
03
4e
Q.
Ce|G)
Dl Q
' C
«0
0
ID
O.
ro «
ID
0 o
Ol
Gl
0 e
N(
CD
Ol
3
CD
co|G)
Dl Q
' C
«0
0
ID
O.
ro «
ID
0 o
Ol
Gl
0 e
N(
CD
Ol
3
CD
co|«X
Gl
Gl CQ
o
ID
e
Gl
ID
CL 0
n «
Gl J
io (
CD
Gl
Gl
ID
Dl R
Gl(
Dl|«X
Gl
Gl CQ
o
ID
e
Gl
ID
CL 0
n «
Gl J
io (
CD
Gl
Gl
ID
Dl R
Gl(
Dl|(
e
Gl
3
Gl
N|X
Gl
0
0
ID
CD
'Q
Gl
Q.
CC
Gl
ID|rc
'Q
ID
CL
C|OI
e
IL
Ol mol
CD Q. ID
Ol
IO
O
e3
ID
0
ID0
e
CD
A|OI
e
IL
Ol mol
CD Q. ID
Ol
IO
O
e3
ID
0
ID0
e
CD
A|OI
e
IL
Ol mol
CD Q. ID
Ol
IO
O
e3
ID
0
ID0
e
CD
A|C! Ill
W
DC
ID 'tl
GI
Ol
Cr C!.
CD P
Olcl e(
Gl
co|C! Ill
W
DC
ID 'tl
GI
Ol
Cr C!.
CD P
Olcl e(
Gl
co|I0
ID
003|««
Conn
e 0
CC
CO
e
ro e
I
**0**
CD
co
. Ol
'5 «
Nno.
O CO
3—
eg|««
Conn
e 0
CC
CO
e
ro e
I
**0**
CD
co
. Ol
'5 «
Nno.
O CO
3—
eg|««
Conn
e 0
CC
CO
e
ro e
I
**0**
CD
co
. Ol
'5 «
Nno.
O CO
3—
eg|««
Conn
e 0
CC
CO
e
ro e
I
**0**
CD
co
. Ol
'5 «
Nno.
O CO
3—
eg||Ch
ID3|Ch
ID3|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||e0|||Gr
ID0||||||||||||X0
GI
0
li3|||| |||||||||||||||||||||||||ID||| |||||||||||||||||||||||||GlN
0
co||| |||CJI
lO
D|OO
oo
Co||D
CI
oo|||||||||M
M
QI
CO|hl
Crr
O
D||||O IV
O O
D Ql
O CO|||||rl ~~
C 0
Q. ID
Gl O.|n(|| |||Ql|||||||||||||||||||||||Gl|| ||||||||||||||||||||||||||Gl|| |||||||||||||||||||||||||ro||| |||||||||||||||||||||||||Gl
II ~~
C 0'|n
C|| ||||||||||||||||||||||||||CL|| |||||||||||||||||||||||||Cl, ID
ID O.|IQ|| |||||||||||||||||||||||||O
ID
N|n03|| ||CI
Cl
Cl|CI
CI
Cl||||||||||||||||||||||io
c!.e
Dl Q.|Dl
CL
m|3'
0
(
Gl| ||||||||||||||||||||||||||GI|| |||Ql
IV
h)
O
crl|O
O
co
Co||DD
co
co|||||||||M
M
QI
Oo||Ql
M
OO
D
O||||D III
O O
O CD
D CO|||III|ll
o«0
M CL ~~
M Dl|CL
C
ID
0n0C|C
N| |||||||||||||||||||||CQ
Ql~ Ql D
4
O
CO
O||||ID
N
C n'
C!. ID
Dl Q.|GI(
Gl
N
GI
Q.|| ||||||||||||||||||||||||||Gl|| ||||||||||||||||||||||||||CL|| ||||||||||||||||||||||||||I«|| |||||||||||||||||||||||||Gl||| |||||||||||||||||||||||||C n'|C-|| |||||||||||||||||||||||||cLe
GI Q.|Gl
MC!|| |||||||||||||||||||||||||O|M|| |||||||||||||||||||||||||N||| |||||||||||||||||||||||||C «e||| |||D
CI
CI|CI
CI
Cl|||||||||||||||||||||Q.e
ID||| |||CII
M
CI||||||||||||||||||oo
CD w
M Ql
Cc~
CO~||4
O
O||ll
MC +
o«0
M Q.~™
III~ N||| ## ## ## ## ## ## ## ## ## ## ||||||| |---|---|---|---|---|---| |.|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|