| Page(s) | |
|---|---|
| LegalandAdministrativeDetails | 3 |
| Reportof theCorporate Trustee | 4-8 |
| lndependentAuditor'sReport | 9-11 |
| ConsolidatedStatement ofFinancialActivities | T2-L3 |
| Balance Sheets | L4 |
| ConsolidatedStatement ofCash Flows | 15 |
| NotestotheFinancialStatements | t6-28 |
| AshridgeCTLimited directors | MrUlf Sandberg | |
|---|---|---|
| Mr AjayGundecha | ||
| Mr Jeffrey Allen | ||
| MrPaulCoen | (resigned26/03/2020) | |
| Charitynumber | 311096 | |
| Registeredoffice | Ashridge | |
| Berkhamsted | ||
| Hertfordshire | ||
| HP41NS | ||
| Actuary | Mercer | |
| TowerPlaceWest | ||
| TowerPlace | ||
| London | ||
| EC3R5BU | ||
| lndependent auditors | KnoxCropperLLP | |
| 65LeadenhallStreet | ||
| London | ||
| EC3A2AD | ||
| Bankers | Lloyds BankingGroupplc | |
| 205HighStreet | ||
| Berkhamsted | ||
| Hertfordshire | ||
| HP41AP | ||
| SantanderUKplc | ||
| 2TritonSquare | ||
| Regent'sPlace | ||
| London | ||
| NW1 3AN |
| President | DrStephenHodges | |
|---|---|---|
| ChiefAcademic Officer | DrJohanRoos | |
| DeanofFaculty | Dr DinaDommett | |
| AssociateDean | Mr AndrewHyams | |
| ChiefFinanceOfficer | MrsEmilieMcCarthy | (appointed 01/ot/20201 |
| Senior DirectorofResearch | Miss NadinePage |
| [:lnre,stni]cted | JEI$Tctaj | |||
|---|---|---|---|---|
| F.i'+te | Fu,nds | f-Utl0! | ||
| f'ssO | {'sss | |||
| tercon:e: | ||||
| ltl{.pn?f,.}€j'G$}chg,nflrbJesr#b:i#es: | ||||
| Fees.fr*nledurati'lnaI Frqgrtsmn'le5 | 4t-9R | |||
| fnrsnreJrr=i.n*iherfrcdingrrcfir':'fie::: | ||||
| f,+nr*rerciai,tradingop.eratir:n: | ||||
| fnve:rtmrntlnrome | 1.3 | 1.3 | ||
| f,otalInc.*me | qF33 | 904.-33 | ||
| Lrpendiur*l | ||||
| Erpenciiture,:'nrharitahieactiuities | {4,73xJ | [4,731] | ||
| Er:penr:iiirrr nather tradingactiili--: | 14.8151 | 14.615) | ||
| Y*ta:lexpenditure | {s"3451 | {9"3sSl | ||
| Neti:n*+mle | qf | |||
| Gfhrr€rsEn,-+r-dgrniasr{,'ossesi- | ||||
| Acr:uari+lgdin'ronAFIpension | :1"758 | |||
| Frneignerthangeir:sse: | f3s] | |||
| FdEtmslierrrentinfirndt | ]"8S,b | 3oE$6 | ||
| [.inrestristed | Designated | ftestricted | trnl3Ttal | |
| Fundr | Fundr | Fundr | Funds | |
| rtErr:ncrl.is'f:jrndfunds: | f'c*c | f'*sdl | fltls* | €'ss* |
| Tr:iaifund:s.hrughtf,:rwrd | J"ES3 | LG.rlS,S |
t2,tl3 | |
| lletnr,:lerrentir{rncls | ? AinE | |||
| Totlfundsmrliedforuard | 5.498 | 1$.SOS | DA | 16,5?E |
| f.ontfnuingI | ||||||
|---|---|---|---|---|---|---|
| operationsI | Oir.ontilrued operations |
|||||
| End*vnrnen'tFund | ||||||
| Unrestrictedunrestrirted, | Festri'cted | 8*Rev,aluation | 21T*tal | |||
| NDte Funds t',* |
Fund,5 {'ostr |
FunrJ* €'sso |
Rererue l'osfl |
Fu*ds €',ttfi0 |
||
| luilsrn e: | ||||||
| G+natir:ns | t6 | a | ||||
| llr-.omerfioo:ihs/'ta blesrir:'Jnes: | ||||||
| Fegirnmeduc;tirrnI Fr'+gr*ft'lme5 | I,O4A | 3nf i | 5RF.q | |||
| l'r:rf-}r.r,rto.nrirttr'rtrcdlngc'cfiur'fier.-' | ||||||
| Comra*rriajtradingcperatic.r':: | t s,381 | {O,-aO! | ||||
| inBe5lffentinc+nre | 7 | |||||
| l-lther!nconr.e | iqfl | |||||
| Trtat inr*n:e | ],855 | 34;974 | s7,8,3t | |||
| Experrd:iture: | ||||||
| E:penrJrtirr'r onrharihblearl:lvities | {5"18x} | [].r-xl5l | ls,DqDJ | |||
| Expeniit'"rrer:itr*thertradi ngarti\citips | l:r,68ts.1 | i3/,trcol | ||||
| iltheresp.endlture | ||||||
| T*talexp.enditure | f5,TerJ | {30.743} | Irll | 135.s451 | ||
| Fdet{expenditure} incom e | tu,s3,6l | f31 | 1,t9J | |||
| iSibfrrEfoE?.l:rsidqrrinSy'li:sresJ- | ||||||
| Act'"iar,alfsssescnA,FSpen:'+n | l7'44+J | t5.se.F) | ||||
| Fc'reigneechangi:lorses | {7+i | i7,t] | ||||
| NetFnnrrerfienti:nfun*is | {8?as4: | (3) | ErI,66,6l | |||
| End,swffetltFund | ||||||
| Unre:tr:ic.ted | Se.rignated | Restrir:ted | &Revaluation | 2*19Tota:l | ||
| I'und$ | Furrds | Funds | F[eserve | Funds | ||
| fier-,sncilil:firnojJrrn ds- | f ',s | s'ssfi | f'0G0 | l'oss | f',ss* | |
| ll,rtrlfund.: broughtfo,r,'uard | {6,*1{ll | B'$ | ||||
| I{etrn$vem€rtin fr:nd:-rrintinuingrrFeralisfis | iB.B54] | lE.E9.11 | ||||
| lletnrovement:lnfunC:-dssrrrntinued | cpereiir-rns | |||||
| Reciaslifrcati,ln-EalesfHou.re | 1" ?Cq | I t t lhht | ||||
| Tsiait{undscarried{*ruard | zrSs? | 10,ss0 | a! | 72,773 |
| Nate | 6roup 2*2S r'sos |
tA19 c'sil0 |
TrH,si 'LezA s'.s00 |
2*rg {'ss0 |
||
|---|---|---|---|---|---|---|
| Fixe{tsr.E€*s,' | ||||||
| in!.restrn€ntsinsubsidiarle.: | a | |||||
| Ttlfixrdassets | ||||||
| {&rrsfi{es"r€f.g; Debt*rs |
f;q?-! | 'iil157 | 6,17? | :S,r.E: | ||
| fashat bank and in hand | L*.,G2I | 1.1,3!5 | 1*.ill3 | 11,3S5 | ||
| Tc,ta{current ar*ets | 5.,6,9{E | I1,55: | 16pS4 | ?1,54? | ||
| Crsdltors:amnr,rntsfatXing 8{et{urre*tdssets |
duelu;3lhinsneV€ar | liqdai 13,05{ |
t7"3!=l 14,337 |
{3,75$} !,'3..$54 |
i?,33*J t4,337 |
|
| Totalasse-trtarscurrentHabititie.: | 1*,S54 | tr4.S3? | 13rO54 |
14,35? | ||
| U55dpfirued hlenefitpnsiionschernnproulsir:n AFSdefinedL:rnefitprnslonsch*mea.:set tltetds€et5 |
{l.4:Lfll {}.,6s1"}i1,,{18} {,.843 37 4"943 16,5?$1rr77.5 1615?$ |
{r".Fsl1 37 12.n3 |
||||
| ?lQej.updseft&tdrrify; Unrestriddfunds srsignatedfunds Restrirledfunds |
$enrai Rserrrh Restilrat3an |
6.4S8t,6S2 t8"ftes18,,t]*C 81 8:,. |
6,48$ !s,&*s 81 |
},FS? x&"&s8 81. |
||
| Tntalcharityfund: | 16,57S | g?,7r3 | 1.6,5t9 | 13"??3 |
| tsZtl | psga | |||
|---|---|---|---|---|
| ?cl*te | {'st}s | {'$s8 | ||
| fashf[*l..,lfrsnror]erating a{tivit.ies: | ||||
| Ntc,arEhprvidedhy(usedini*peraiingeativit.ie,s | A | {r.3.s.sl{rrel | ||
| Cashfl,o$ds{rnfiiinvestjns a{t.ivities; | ||||
| ln\,e5tn-rent"ntfrfttertce;l'ed!n'/EBr" | I | |||
| Frnceeds{rr=m:a:lenfrubridinr",,Fr':pert!'=nd*penbu:}trel: | ||||
| FurcheEe,:ftng?b,ielintngib:le e:sets | (+cB! | |||
| Fietrarhprovldedhyfusedin,J frerninve:ting artiuities | 9o?99 | |||
| [b:sh ftsra/sfr*mflnancinsa{tivitiEs: | ||||
| Rei:eTnrentr:rfahiigat?rnrunderhilrrpurrharear-:dflnen':eieaseronlrartE | t56J | |||
| Netr+shprovidedhvfusedinlfinancinga,ctivkie: | {561 | |||
| Cha,ngein.rash[nthereportingper,iod | (r.3ESl | r?l1{ | ||
| f,.a:shatthebegin*ing oftherepeirtlngperiod | ||||
| CarshttFrendoftherepcrtil'lgperi*d | x-o,sJ7 | f1.395 | ||
| Nete A:Recsncili:ation,ofn,e't.lnc$fii1f exp,enditureltcnetcdsh,flo'.vfr+n'rrleratine adti*hies | ||||
| Ne{ incn'ringrps$urcesfrrne'rlucat:irntardrelated activitie* | ||||
| .Adjustm*ntsfor: | ||||
| *r:Frecirtlr:n,la msrti:.atir:rn | n9i | |||
| Frrfrtn,ndisp,:.sair-rfrublidiary,pr,rp.erl.1,'andcop.enhusines.s | ||||
| Jn!?rtfi'tEnt:ncLrn]e"eielted,nyear | {1tI | |||
| G;,nc-rdr:Fr-rsaIoti.reC:slel: | ||||
| 'JA;nrlre[ | ]],erPd | |||
| D.errea:ein:tsrk | ||||
| DErrearil in dehf*rs | 3,3 B6 | 1]l | ||
| IDerrila:r.efur:nf,redleIntredtl*rs | ?.4fr3 | |||
| Ariditlr:rralprn:inrntributiens | dt613,1: | |||
| Fensln,ccirl-sreiatingtdrfinedi:er-refitplans: | AFSad m!n irtrstl*trrr:s.tE | ts1 | ||
| AFSfinancr:{EaSnJ,/c*,st | {3:19} | |||
| fu,lvr'$rfitIniJ$S | (184! | l-.trii | ||
| Fc'f,e;gflrrrhange,l osse,s | [3s] | i?4j | ||
| F,Jetca":hprovid.edbyfu.rdinlcoperatingrotiv'itier | (1,3sSl | {r251 | ||
| NsteB:Analvsl afctharl:tdr'a,sheo,uixafents | ||||
| ilt | O31s1/3* {'s&s |
fash,FIrvAi f'{3s |
31-/ttf2 {'o* |
|
| Celhatban,kand inhariti | IX,395 | {1,3581 | i$"0?7 |
| rs2* | ?*1S | ||||
|---|---|---|---|---|---|
| €'&*# | {'fts* | ||||
| fnrcflte | |||||
| Quaiifirntiran p,r*granrrne:{?fi19 | :.ilpen,QualificationsJ | 4.*34 | qnf,o | ||
| f,.u.Etl:mandcrlnsuilting | q tQ? | 21.565 | |||
| Frc{it'rnd?s.po:a9 of:s.ubsidl*ry, | p,roFertldand,:p.enburgness | ||||
| 0thelactirrrtiel | 6'824 | ||||
| lnverlnreltincrlrnr | !a | 7 | |||
| 9,.&?,3 | 37,A37 | ||||
| Expenditune | |||||
| Staffr'rEk.Enrtrudingpen:.ion | 16,,D571 | i17,r7E! | |||
| Associatesandag*ncystaff | [3,6,']'G,l | {8.:.87} | |||
| Dtherdirectcrfstc | tz, ql_'c | J | |||
| &,{arketi ngsndb,u.:rness devellnp.nrert | r{ | )q) | {t.6,r-3} | ||
| ProFernr'andother*,erlreadtr:Els | {6,Xs8} | ||||
| Arnr:rti:etion | {r.Irl} | ||||
| S.rpnetletion | (s221 | ||||
| APSpen:ir-n ndnrinrrstriltisn *nd financecosts | i+D | lGr+l | |||
| u5.5Llensi$trpr*uis:i,:nmt:r,"rement | I | i4+ | fel | ||
| f9.3461 | {35,5.45} | ||||
| Net inromeperStatem,ent o{F:inanciblAtti'.ritie: | 8; | 4?Of, |
| tradlngl:rrlfllstrrth*Trust:ubjecttoGiftAid. | |||||||
|---|---|---|---|---|---|---|---|
| Ir | I | ?*19 | |||||
| AEsLtd | TctaI | AE&SO | A$h.1{ | tcltal | |||
| ['s&o | €"oofl | {'ssfi | f'soo | €'&&* | |||
| in [*rfl€ | frJaf, | :,5Ei,a | Jl,erll | 356 | 28,381. | ||
| tr.nendiitury .$urptrr. Pr:natln:ubjecttgiftaid |
{4.6s5l l5a {rEe} |
f4.6151 76S (768} |
i:l"1t8J 7t17 {rn*l |
{55.4i - |
{3l.5l,li r'-+^t L/iul 707 |
||
| Delic't,:nordir,aryaclr{i:iEs | f3l | l3l |
| Lr:p:enditu re:ltrcluces: | Grr*up | Grr*up | Trust | |||
|---|---|---|---|---|---|---|
| 3020 t's$s |
?sts €'+{ffi |
?? €'sss |
?!9 s's* |
|||
| .nrpairnreni ol:*ade'erervahJes | f ! |
c J |
aa az |
t5 | :: | |
| Fr+lpayabletBGr'ruF auditr-rrt-audit:erlices ierpayai:fetsElrrf,uFi.Lditors-nonaudit.=er.-ice= |
tg t |
1jl4 l,L-l |
-t5 t3 |
,LL.:r{ | ||
| ffpntlngieasel | -56 qqz q5 |
-i$ 95 | 173 | |||
| Supp*rt | ||||||
| Sire*:t | c*st | |||||
| coStI €'$s* |
5uppsrtco,rtsrerha,rges f'*sfr {'$os |
Tatal]frITtal ISi.B f'Ess f'**s |
||||
| Expend:itureon charitab{eattivRies | ||||||
| Qua1if?cationFrr:gr*mine:s | 1,t1.1 | 1,F61 | Is1$] | |||
| raiitiI] | 3.632 | [1,65d-]j | 1,Lrtl | /r\ !i.l |
||
| - ---,-a tsil:tdiLtl |
la | i1h.'rl | 361 | I.lll--! | ||
| ff.,,*rhead:&:Fariitliel | I r1- - | iJsill | f,i7 | 736 | ||
| f.ustofir &Cp.enFrogran:n'l*s | ar?a | {s?El | ,+r | 3"531 | ||
| AF!c\ U55YinsiCnP,!LCnArge | lis+\ I,J-IAI |
a'jj JJJ |
||||
| Jr?4J, | 5.1*6c$ | {3"S76J | 41731 | Brs66 | ||
| Expenditr.rresathertradlngati:r*it:ie.r | ||||||
| LuEi+tarFr0penFrr:gran'lnnr: | qfF. | 1,515 | I:.X31 | |||
| Tearhrns rrreic | ||||||
| V:rj:ua3.4:hridgt | ||||||
| fuenb.*(],-.irferett ceg | - | -4,:},/5 | ||||
| _ | 'afi zJ$ |
|||||
| [:r:aching | - | 45F | ||||
| p.3Fia | - | ftE | ||||
| 3,r975 | 4,615 | 371668 |
| SaIaries, wages andrelat*dpeTr,=ii cnsts.Snrtrudingsuirsidiary undr | rlnkings.anr,]unte'dte | |
|---|---|---|
| ?st* f'sss |
'zsls g.*tls |
|
| laJas-iesandlorges Sociai:curitycorts |
cf,1? 5{1..t |
"t1qfrfi t3s5 |
| Penst':n c,:Et: | ta! | { hra |
| TlrrmrnEtiDnpayr:fl Enf-r | ||
| Defrnedbenefit =riremeadn"ii tr istratir:nc':sts |
6nJ48 | 17"528 |
| contrlh,utirrns]paidtohighpeidmrr*l+ersi:fstafffsflsin | tr:tirefcl{*wingbands: | ||
|---|---|---|---|
| 202* | JSlS | ||
| t brj,LrLr: - !,ir_F.LA_t\j | F | ||
| rfoftnl -ran,ffin |
|||
| ffi$,E8l.-tsjl,$, | NJ | ||
| :f,9L-1,a1-I1'S8",$S | |||
| fLsD.illli-f11,s,j}}$ | |||
| frtjl.$81-f1r,D,i3il"3 | c | ||
| f13*,ililt-fx3,G,{h3G | 4 | ||
| :f,!.3rj.,BilL -f I'S,&il | 3 | ||
| f34il.r-hill-{L5il"$ | |||
| ftsil,i3I-:ll6G,tl8 | I | ||
| {16*,i}]t-f17,0,{ffiS | -l. | ||
| f1si-j,tslI-f?*La,i:isil | 1. | ||
| fi5,s1-f26,,*rl | 1 | ||
| {37l-l"i-JLl}-:i}d$,l,ltl* | L | ||
| {4]},$X-f+irl,,D** | 1 | ||
| 55 |
| lte#rrlEi-sinrlu,Ce:rEmuneratl*npreuid,edtr=lt:eynranag | ,ententpercr:nnelar{r:,i{o*,:s | |
|---|---|---|
| 2l | utlt€ | |
| f's{r* | f'ss* | |
| Salariesand.,,.:ager | 11,3 | 1.1j]f. |
| $r:rirI:.erurifyrr:-:tr | ||
| FrnSiBn r:*s.t! | 6a | |
| 65f | 1,345 |
| 9. Deb,tcrs | ||||
|---|---|---|---|---|
| firaup I,$2S f"&{ss |
r01E f'sss |
Tru,st ?sto €'*ss |
lsL$ €'s*0 | |
| Tradt debt,rrt | ?.x5? | 1815 | .L,/,1il | -L.5rf |
| Arountrduefrr:n:grrrupundrtakingr | tt1 | l | ||
| Oihrrdebtr:rr Frtp.a'n,nr*nlsandaltruedi ntr=nre |
tla | "frqq | 1-!q 186 |
3 Aqq 181 |
| Oth*rfina nr!aiinrtrum.ents | 4.t$1-1 | 5,5*G |
d5{l{-} | q 5firf |
| 6"911 | x#"157 | 6"]It | te"lsl |
| 90"freditc,ns:a$ioilntifd,[tr'[:]gdile i#ithilrcnEye'*r | ||||
|---|---|---|---|---|
| Gr*up | Trurt | |||
| I2 €'os* |
l$l$ f'&*s | l,S2,B €'$*s |
3,!.8 {'8* |
|
| Tradecredftr:rs | 4trS | t,Ao: | 214 | X,88,9 |
| Fayrnentsr,ereilednEctunt f,rrrr:ntr*rts | - | 14 | ||
| Ta.xiisn and sriaBsffurit? | a.4: u+-l |
{ 41 ? | ||
| therrrditor.= | IJ | t; | ||
| Arrruan.sand deferred3nc,:r: | t,825 3nE4-4 |
d,?87 7,2L5 |
3,8]5 l"fss |
4,215 1,21O |
| 11.De{erredRenenue F$*vern:ent | ||||
|---|---|---|---|---|
| Grfl$p | Trilr+ | |||
| E*ZS | t's1s | JG.Z* | Z,SIS | |
| {'&s* | €'*8$ | €'&** | €'0{m | |
| Spen,ingbaFance | 3.44L | 3,,4i12 | ||
| Arr*untsreleasedfr,:n:prioryear lrrrome deferredin crrrentyear |
{1.1S8J -l.,usl |
}.23'l} J,1BL |
[r"1*BJ u.olt |
|
| AE&nDb,a9ancrE,:idJID*ren"rber3fi1.9 | - | (r.sil3l | ||
| 2j0s | ?.441 | 1,.3s5 | IJ.a.! |
| Atllanuery2OIll | {,Gff} 3.,6el |
|---|---|
| Unlvinding*fdisc'runt{arter | JJ |
| Deficitcantr! hutl,rn::p:aid Changeinenpectrdccniributionc 4t.31SererubertS20 |
{6s} {r471 __l4rt |
| assetsand liabilitiesas awhole: | ||
|---|---|---|
| 2019 | 2018 | |
| fbE*Eiansf | bitlicrns | |
| Scheme assets | E3.l | E4f;D |
| T,taIscherne$iabIities | f67.31f67.s) | |
| FnS 1O2totalschem,edeficit | (3.61 | {7.51 |
| FAStO2tata,l fundh:rglevef | 95% | $g% |
| Thecurrent iifeenpectancie5Dnret.!reffirntateg* 65are | ||
|---|---|---|
| 3*1$ | 2018 | |
| Itr'lei*-Ecurrentiyaged E5('gears! | ?d d | ]if.q |
| Fenra$ercurrentl,laged 65{yrarrJ fu'l*i,escurrentlyaged'15(y,earlJ Fenr;)rr:rurrentlyaged 45{yrarr] |
35"9 th"3 I7.l |
16",ft 36.5 d*7.8 |
| l';e! di:LinrLlt.iJrr:u5€dEre: | tct* | r*sg |
| Sic.crfuntrete | 3..+GP; | ?"S5,qi |
| RFilrrllElinnrdte fFliriftrati':n rele |
3.98F; 3.i1ft7" |
:1,5H 2.35t |
| Principalactuarialassumptions | |||
|---|---|---|---|
| lsr,0 | 20tq | ||
| 8i=r,:uniratef,rrsrherrrelieLliiltirl | !-{U/C | A ! |
tlf€i \J) !7 |
| Fensions !npepnrentinrrraserat:, | f dJ-lq: | ?fqq: | |
| Frice inf$atirrn rste:f,Ft | l.iu)b | /.l-r:'x | |
| S,5:s.unred:liiexp.ertanryon retlrenrentatagF5- | |||
| Retiring taday {nreienrenrber ageb5i | |||
| RetBrlngln ISyearrsinrniervremberage 45ir:d*gl | 1+U | :4,fi | |
| tet!ringtoda1,{{erna9,* rnernb.erage 55} | I5.3 | ||
| Retiringin3tl1'e;.t{{eglralernernb.erage 45today} | :F8 |
| Amsunt.s recogrlbed lnt.hetsa:l*nceSheet: | ||
|---|---|---|
| 20?0 | J*ls | |
| f'*st} | f"8s* | |
| Sefin,edilenef9t,=bi:lgeti*nsat3X DecerurberZ#Ifi | [].1F.s3?] | i115,3q8] |
| Fa!r va:lue BfF,lan a.rselEat31 Bcenrber?if3 | tt,l 475 | 1153i5 |
| Netpensi+n,+bligati*lw at31 Seremherr?S3ff | *,-i.!> 4,f,+J |
i'a -rr |
| Changes inthepresentrra,ueefdefinedbene,fitbtieati*ns{S8t}J | ||
| ?*t,o | 2S19 | |
| {'s | f's | |
| DEOalSLtrecenrtrer2lll9 | lutj.!u: | |
| h,{*r'enreniinthevear: | ||
| 3,-.ng-fdtFidVrnEnt5irr:nrp'6n655g15 | {'+,5:ls} | i,-arl/&,r |
| Eff,ertofch;nge-,sin eelump,t!*n: | 14,!53 | |
| tffect*fe:;FeriEnr:ead-tuEtnrerrt= | (4.:.7S ) | |
| Intere:rtonpren::ioniliebiilities | ||
| f.ost-gairr nnrurtarlnrerrt-:lch;nges | ||
| IJELJ' dL ] X LEI tsI]ILIf ' Jl II{J |
sls.532 | It5,3SE |
| Ch*ngesinthefalrva,[ue,c{phnasset.s | ||
|---|---|---|
| TffZ$ | ts19 | |
| ['ss{t | f,'GSO | |
| F;irr.,aluenl piana:55et5.Et31$eremh.er?al3$ | :J-l.,r)G | |
| Mr:venrentinthe uear: | ||
| Er-np{c'yerrrrntrib,utlr:nI | 1fi-tda | |
| Senefitpn'r'ruenfsfrnr:'lp$anar:etl | i4qT{-}l | {3.-17El |
| .Admi ni=tr alir,,e,r,stlpa3dfrnrpianassel; |
{r.s1} | I_1alti |
| Return onplanassets | 1q413 | |
| Intere=t-onpen:iona=set: | ICetr | |
| tr--r-".=8,,-.-d-;anasletE at 3xDecemberSGlil r uri tqBeL uJ Pr |
l'!qd"15 | |
| FIanasset* cornpniser | ||
| 20.x* | J*t9 | |
| €"+{i* | f't_llllt | |
| ,&ilternativesJnru3tlassetf unds | aR757 | |
| B,f,nd.s | $.5,893 | 35,486 |
| f^a=h | fr'15 | 1{ lia? |
| ervatiues | T TTE | {8rs} |
| nr ^n-a* i iruHLi rr |
?,685 | |
| ^AnnuilSrp*iiicijes | 5,t63 | g ?1f; |
| !/sr+.r l | ||
| Arnount rercgniedintheStatennent{FinenialActiviti's | ||
| 20ts | r*x.9 | |
| f'sftG | f{sss | |
| Intere.st esfrense rrnpen:ion Iiab.iiitier | ||
| inter'ectirrr$filerinFenl{*n n:5etl | {r,s}5i | (:.5F51 |
| Adnr?niltratil.er,+sl=p.eidfr,lnrp'Bana:=sets | tYr | 5Cd |
| {lainoncurte;iIrnent=ulrharrges | f33t'r| | |
| Fen.:l*n{irrr,rft're}rdr:h6rgeftrtheyear | !i+a,l | |
| Effert,rfrhange;:irialsu rnptinrrs | 3.i-1.834 | tactri |
| Returncnp{anassets | {1A413} | {s.s!8i |
| Effect*fex.perienre adjuEtnr.ents | (4,xTSl | |
| Artr-rar3n?fgain]ll*=:rln defined hene{it6r'ension:rherne | {3.r5Bl | |
| {6i}y'toslrecognii.red:in th,e SEFA | {;1,3,$6} | fi'.49G |
| Unrestrlrted - |
Unrestrlrted - |
lDesignated | IEestritted -* |
||||||
|---|---|---|---|---|---|---|---|---|---|
| g SJ |
.q .t |
I | E | .t i?L L> A5 |
6.r | fi F |
|||
| 5! | |||||||||
| f'&oc | {'811il | f '{His | €'B&B | {'+** | f'**{} | {'i}$fl | f'+*il | ||
| T,,:taifundsatXJanunrlJ81B | th Stht | 3 | 5t313.t66 | oq | s'9 | tr1,439 | |||
| tJttie.rp.errr:iiture]/11i:6r'a'r* | { ll | a |
|||||||
| *n...1,'-'.--] flFJ EL!UA] ]qJ |
- | {sr8s4} | |||||||
| Flectrnssifiratir,.n-:a iec,fHc,rr:e | [523i{i3.:6FJ | ||||||||
| G:{1aidfronrsr-rbridiary | l3l | ||||||||
| Total *undsai31 December 2S19 | 2,69:f | 1O,S&S | a! | i ] 771 | |||||
| f'litIErI-]€niliture];tinr,:n'le | +5 | 48 | |||||||
| 1,758 | |||||||||
| Totalfundsat31Eecemher}fl?$ | 6,498 | t0,s*s | {Aq70 | ||||||
| &"'t:ria | |||||||||
| i,P5si:henrfsn:lr,r;,!;il*ffr:if{nr:te-1.5J | l.leJ iJ | ||||||||
| U5-itr:nj,rrp,'rrr,rriociilof:-if,l | .t,4.t5 | ||||||||
| Is&rlfri nds er:rlrdingFensi*n::tfi€ffTe- | f 47f, |
| 15. Anaty,risafNet Assetr BetrveenFunds | ||||
|---|---|---|---|---|
| tinrestri{ted | berlgnated | Resir[sted | T*tal | |
| Fr.lnd,s | ResearchFundRestorati+r+Fun'd | |||
| €'8*S | {'00& | {'0ss | {,BEf | |
| TntalFund,sat 31Oecernber]&2S: | ||||
| firoup | ||||
| Netf.iirrrnt.Alcel: | t,!73 | 13.rl:4 | ||
| Frrrsi*nDellcit-.APS | 4,S43 | |||
| Fen-qlsnPrrvi-qisn-il55 | i1 drRi | ir.43el | ||
| lotal | 5,.499 | 10,0 | 1F.579 | |
| Trust | ||||
| Neifljrr€,ntAssFtE Frn:lr-nD;iicii-AFS |
4q.!? | of | {q4i | |
| PenrtsnFro,rirlcn-USf | i1,+]oJ | {1.4x81 | ||
| gotal | 5,498 | !,o,o0B | tlt | 16,579 |
| Unre,*ricted Funds |
Designated Sesea,rctlF.und |
fie:.iricted HestsrstionFund |
Total | ||
|---|---|---|---|---|---|
| f's&o | {'G&O | {'*s8 | {'ss* | ||
| T+telFundsat318e*ernber201-9: | |||||
| 6raup | |||||
| l,JetfurrentAs:ets | lLr,rJvu | b1 | 1.{,3 | 3E | |
| Fen:1,:r-rDe{ir:t- AFS | 'JE | =c | |||
| Prriir:rnFrovisl,,rn-LlSS | Liiv,J:-l | i1,6c1J | |||
| Tstal | 2r692 | al | aLrt | t.J | |
| Trurt | |||||
| N,etf urrent A-:relr | |||||
| I'enSioii:LleltLri:- AH5 | 3a | :6 | |||
| Fenlir:rrFrDfi5ion -U55 | Ir,trul,I | ii €nil | |||
| Xotal | 2,69? | 10,ti*0 | 81 | 12,7f3 |
| Selaii,:.oftheb.alanrloul=tanrlinglvithsub:irilari::o',undrllr!ngtheyea | r areas foflo,,,r.s: | |
|---|---|---|
| 2Z | lo19 | |
| f't}{ltf | {'&{K} | |
| Dtbie-rnl | ||
| &:hridge StrategirPv{ilnagernentleiltr'e: | ||
| ,a.: hridgeEuerutive&.0 rganisetianDevel*p nrentLimited | ||
| Ashridgetduratisn*IServirr:rL,imited |