Balliol Society Financial statements for the year ended 31st July 2023 Charity number 314240
Balliol Society Report of the Trustee5 for the year ended 31st July 1023 The TTUStees prÈseni ihelr annual report and financial statements of the charity for the year ended 31 July 2023. The flnancial 5tatemenis haye been prepared in accordance with the accounting policies a5 set out in note 1 to the accounts and comply with the Iharily's govern1ng docutnent, the Charities Act 2011 and Accouniing and Rep)rtini by Charities.. Statetnent of Rec0tnmered Practice applicable to charilie5 preparing iheir account5 in accordance wTrth the F1nancial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151. Objectives and Activitie5 The Balliol society is an unlncorwrated charity reglstered with the Charity Commission under reglstration number 314240. Balliol soKiel$ goyernlng document was adopted ITh January 1926 and amended in October 1952 and September 2021. Its £harltable object5 are io encourage closer reiatlonships between forffler members of Balliol, keepiw them in touch Vttt the College and publishin8 new5 of Interest Jbout present and past Members of the College. The Society athieve5 It5 purpose mainly by tnaklng grants to Balliol Colle8e. The Trustees confirm that they have cornplied wirh the duty in section 1715) of Ihe Charitie5 Act 2011 to have due regard to the public benefit 4uldance publlshed by Ihe Charlly Cofflffli55ion. The Trustees have considered this gul¢Jan¢e when reviewlng the 5ociely5 aims and oblective5 and in planning future acliyities ano setting the grant rnaking policy for the year. Trustee5 The trustee5, all of vthom held office through rhe whole of the year ended 31st July 2013 were a5 follows.. Lord Reed Professor 5earnu5 Perry Professor Martin C¢nway ReKisiered address 8alllol College, Broad street. Oxford, OXI 38J. Secretary Professor Martin Conway Trustee inductlon and training New TrreeS are appointed either 10 fill a casual vacancyor by way of addition to the Board. Partlcular ernphasis Is plad upon the appointment of Trustees wth knowledge and experience relevant ta the Tru5t'5 charitable actiYilie5. When new Trustee5 are appolnted tlw are slven an introducliDn lo the work of the Trust aro provided wth the information they need to fulfil their roi&, whkh Includes information abDUt the role of the Tru5tÈÈs and ihe1r resnsIbIlItIeS under the Charitie5 Acl 2011. Org&n15atlonal structure Day-io-day adtninislration ol rhe Trust is delegated to an adtllini5trator uroer the 5UPEM5ion of the Trustees. Dectslon-rnaking (er5 are retalned by the Trustees and exeriised at rUlar Tru5tees' meeting5. They have appolnted a fund nFana8er to manage a diveTrfied rtfo110 of stable invesimenrs on a discretiary bè515. The tru51ees conslder the Board of Trusrees as comprising the key management personnel of tho (harity In charges of dlrÈtlin8 and trolling the charity and running and opprallng the charily on a day iD day ba515. All Iru5tee$ give their time freely and no Iru5tee rwnuneration was pald in the year. Risk mdnagement The rnajoi risks to which the Charlty could exposed have been invesiigated by the TStee$ 5yslerns haye been esiablished to mifigate these rlsks, a review Df tse risks will be carried at least annually. Page 2
Balliol Society Report of the Trustees for the year ended 31st Jvly 2023 A(hlevement5, perfoimance and flnaThclal reyiew The Soclety aim5 to award 8rants at the approximate level of the investment trKome received on its Investment wrtfolio in the year. The 5ncone lor the year to 31st July 2023 was E30,473 12022.. £17,528), and the cost of fulfilling the Society's prirnary purpose during the year was E35,00812022: 118,9011. The 50¢iety has estab15shed Irs grant rnakin4 policy io ach1eve it5 objects for publt benefit. Glants of £10,30812022: É10.3501 were awarded to Balllol College, Ballioi Musical Soc1eiy and Balliol College Nursery ranging frotn £240 to E3,000. Net realised and unrealised 10$5es on itwe5tments were £10,79712022.' L05$ £26.4601. At the year eThJ the aggregate val of the funth was £408,020 a decrease of £15,332 since 31 July 2022. The slet¥s inyestmenr portfolio is managed by Charles stanley. The Tru5lee5 Wltend thal the real value of the Investment w>rlfotio is maintalned and enhafKed over the long terrn by investment in a portfolio £ompr15ed of equitie5, fixed Income stocks and cash. The Trustees 11 re8uiarly corslder whelher there Is a need to revlew Its investment PDIicy. The Trustees consider that the Society has suffldent resources available to conriwe to tneet lis oblectlves of the Society, in partclular to provide grants to Balllol College. The trustees declare that they have apwoved the Trustees. report above lJr4 P¥8e 3
Statement of Flnanclal Activyties 315t July 20Z3 Unrestrlcted Yund5 315t July 2022 Note Unrestricted Fu5 Incornins RE50tsrces Income frnm.. Oonaiions and legacies 120 17,940 12.413 30.473 117 7,120 Investment income Total Incorne 17,518 Re50urce5 expended Expenditure on.. 33,080 1.928 35.008 17,146 1,755 18,901 Investment mana4emenr cosis Total expenditure Net incomellexpendiwrel before inyestmeni gain5111058e51 14,5351 Nel 8alnslllosse51 on inveslments 110,7971 126,4WI Net movement In ¢und5 {27.8331 Reconciliaiion of fund5'. Total funds brou4hL f¢pKard Total funds carried forward 423.352 408,020 451,185 423,152 Page 4
Balllol Soclety Bdlance sheet 31st July 2021 Unrtstrlcted Fund5 31st July 202Z UDre5lricted Funds Fixed osset Investments Investmen15 Note 356,307 367,104 Current ossets Debtors Cash at bonk and in hand 10,107 63,009 15.170 52,403 67,573 Creditors- In(S falllns wlthln onv yeor Credltor Net current a55et51lllablliliesl 51.713 56,248 Toial assets less current Ilèbllltles 408,020 423,351 31st July 2023 31st July 2022 Funds of the ChGlItv Unresirlcted fund5 Total funds 408.020 408,020 413,352 423,352 Slgned on behalf of the Trustees Pa8e5
Balllol Soclety Note5 to the flnanclal statements Note l Accountlng wlicles Goln8 concern The 5Dcietys acCntS have been prepared the going concern assumptbn. The charity proYide5 grants ènd would be In a position to reduce Ihe value of the gtanis awarded if necessary. RecoRnitson of income Income 15 re(nISed in the Statement of Financial Acrivities ISOFAI when the charlty becomes entitled to the resources, it 15 more likely than not that the chariiy 11 recelve the resources and Ihe monetary value can be measured with 5uffl¢leni reliability. Where Income Is recelved in advan of an event, thS51s deferred until the date of event. Grants Where ihere are no candition5 attachTn4 io the grant that enables the dowr charity to reatistlcally avold the cotnmitment. a liab1151y for rhe full funthng obliiatlon musi be [0815ed. Inve5trnent galns and losse5 Investmeni gal and 1055e5 include any reali5ed or unreallsed galns oT105se5 on the sale Of Investments and any gain or loss resultkng Irom revaluing Investments ro market value as at ihe balance Sheet date. Investments Fixed asser Investmenl5 in quoted share5. traded bNds and slmilar investsnents are valued at Inltlally at C05t aj 5ubsequenily at falr valve (their mèrket value) at the year end. Pate 6
8Blllol sIetY Notes to the flnanclal statements 11st July 2023 31st July 2022 ste 2- Donotlon5 ond legocles twat15 120 127 Note ]- ChGrltoble octivltles Balliol sietY weekend event 17,940 7,120 Ilote 4- IrKomg fron) Investments Diwdend income IZ,413 10,281 Note 5- Analysis oy expenditure Balliol knlety weekend costs Invesrment rnanagement costs Grant5 22,772 1.9Z8 10,308 35.008 6,796 1.755 10,350 Note O- Grant 8olliol Society mode grants to 8alllol College durlns thp year as detalled below.. Amalgamaied S>1 Club Ballbl Mtsslcal Sociely 8alliol Colle Nursery brary Studenl tIVItIeS studeni engagernent th Europe C>rgan scholar Contin4ency fund to be used at ihe dlscretlon of the Chair of Balllol Soclety 1.500 3,000 568 2,0 SW z,000 240 500 10,308 1,500 3,000 650 2,000 500 2,000 s 10,150 Note 7- Investment 055ets Carrying value at the beqlnnlng of the year Athitions tts invesimenis in the year Dispal of investments al carwng value Net 8ain/ Ilwl on revaluatlo Carrwn8 value ai rhe end of the year 367,104 393,564 110.7971 356.307 126,4601 367,104 Analysls of Investment5'. L1sied Inve5tment5 aTrd bonds 356,307 356,307 367,104 367,104 Note 6- Debtor5 Olher debtors 10.107 15,170 Note 9- CredltOTS'. Accruols ond defeired income Grant5 authorlsed not yet paid 11.095 10,308 21.403 ote 10- Transoctions WTth tfLtstees related portles Th¢ have been no transactlons with relaled parries during the year. None of the trustees have been pald any rernuneralion or efve1 any other benefil5 from an employment Yth their charlty or a Teiated etstity. P38E 7
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Balliol Society On accounts for the year ended 31 July 2023 Charity no (if any) 314240 Set out on pages I report to the trustees on my examination of the accounts of Ihe above charity I'the Trust'l for the year ended 3110712023. Responsibilities and As the charity trustees of the Trust, you are responsible for Ihe preparation basis of report of the accounts in accordarn with the requirements of the Charities Act 2011 ('Ihe Act.). I report in respect of my examination of the Trusl's accounts carried out under section 145 of the 2011 Act and in carrying oul my examination, I have followed the applicable Diredions given by the Charity Commission under section 145151(bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no concerns and have Come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Slgned: D Claassen Date: 0410912023 Name: Dalene Claassen Relevant professional qualifi¢ationls} or body lif any): Association of Chartered Certified Accountants Member number.. 3127821 Address: IER October 2018
Section B Dlsclosure Only complete if the examiner needs lo highlight matters of concern (see CC32, Independent examination of Charity accounts.. directions and guidance for examiners). Glve here brlef details of any Items that the examiner wishes to disclose. IER October 2018