Jesus College, Cambridge
Accounts for financial year ended 30th June 2002

INDEX. IA EXTERNAL REVENUE ACCOUNT. IB TRUST AND OTHER FUNDS SUBJECT TO UNIVERSITY CONTRIBUTION. IC UNIVERSITY CONTRIBUTION SHEET. II INTERNAL REVENUE ACCOUNT. III TUITION ACCOUNT. IV KITCHEN ACCOUNT. V ENDOWMENT ACCOUNT. VI SCHOLARSHIP ACCOUNT FUND. VIIA GENERAL CAPITAL ACCOUNT. VIIB CORPORATE CAPITAL ACCOUNT. VIII CASH RECONCILIATION STATEMENT . IX TRUST FUNDS (SUBJECT TO UNIVERSITY CONTRIBUTION). X TRUST FUNDS (NOT SUBJECT TO UNIVERSITY CONTRIBUTION). XI LIBRARY FUND. XII ESTATES REPAIR FUND. XIII KITCHEN MAINTENANCE RESERFE FUND. XIV CAUTION FUND. XV COLLEGE BUILDING FUND (UNDER STATUTE G,II,4(vii)). XVI COLLEGE BUILDINGS REPAIRS FUND. XVIB . XVII RESEARCH FUND. XVIII SILVER, WORKS OF ART AND FABRIC FUND. XIX QUINCENTENARY FUND. XX SUPPLEMENTARY MAINTENANCE FUND. XXI STUDENT EMERGENCY FUND. AUDITORS' CERTIFICATE.

IA EXTERNAL REVENUE ACCOUNT

Expenditure £ £ | Income £ £
College Estates: | College Estates:
Quit Rents 5907 | Lands let at Rack Rent 96937
Miscellaneous Rent, and Rent Charges 20071 | Houses let at Rack Rent 1644099
Rates 3375 | 1741036
Insurance 23356 | Houses and Sites of Houses let on building leases 235513
Agency, Management, etc. 684740 | Quit Rents, etc. 729
Legal Charges 68149 | Dividends and Interest (Gross) 1109227
Transfer to Repair Fund XII 443436 | Miscellaneous Income 1195
Miscellaneous Expenses 22506 |
Deficit on Furnished Lettings 1122211 |
2393751 |
College Buildings: |
Insurance 20747 |
Balance being surplus carried to University Contribution Sheet IC, and also to Endowment Account V 673202 |
________ | ________
3087700 | 3087700

IB TRUST AND OTHER FUNDS SUBJECT TO UNIVERSITY CONTRIBUTION

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Expenditure £ | Income £ £
Balance carried to Contribution Sheet IC 215525 | Trust Funds IX 160245
| Reserve for Repairs to Trust Property 8238
| Special Funds:
| Scholarship Fund VI 3756
| Trust Funds X 10248
| Library Fund XI 28488
| Silver Fabric and Works of Art Funds XVIII 239
| Supplementary Maintenance Fund XX 4083
| Student Emergency Fund XXI 228
| 47042
________ | ________
215525 | 215525

IC UNIVERSITY CONTRIBUTION SHEET

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Expenditure £ £ £ | Income
Assessable Income: |
Balance from IA 673202 |
Balance from IB 215525 |
888727 |
Deductible Items in accordance with Statute G,II,4 not shown in IA or IB: |
Half sum paid to Scholars, Exhibitioners and Research Students (£34799) 17400 |
Prizes (Scholarship Account VI) 6280 |
Overseas Student Bursaries 6963 |
Allowance for Research Fellows 47374 |
Allowance for College Teaching Officers 85380 |
One-half Chapel Maintintenance (£43242) 21621 |
Net Expenditure on College Library 147513 |
Allowance under Statute G,II,4(vii) 187250 |
Insurance of Boilers, Contents, etc. 18239 |
University Appointments Board 75 |
Sinking Fund instalments under Statute G,II,4(iv) 362862 |
Donations to: |
Friends of Fitzwilliam Museum 100 |
Friends of Cambridge University Library 100 |
Friends of Kettles Yard 51 |
251 |
University Counselling Service 10975 |
Sports Injury Clinic 474 |
912657 |
________ |
Excess of deductible items over Assessable Income 23930 |

II INTERNAL REVENUE ACCOUNT

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Expenditure £ £ | Income £
Half Rates on College Buildings 7327 | Establishment Charges 985893
Wages of College Staff (excluding amounts charged to Account IA and Kitchen Account IV) 699614 | Room Rents, Ground Rents and services 784797
Maintenance of Establishment in College 447995 | Rent and services of Rooms occupied free of charge 163774
College Officers (excluding amounts charged to Account IA and Kitchen Account IV) 61806 | Rent of Premises occupied by the Kitchen and Buttery 10000
Other Expenditure: | Charges for Central Heating 61423
Furniture, Decorations and Central Heating Funds 268637 | Donation 15799
Miscellaneous 16702 | Balance, being deficit, transferred to General Capital Account VIIA 205384
285339 |
Transfers to: |
Library Fund XI 56670 |
College Building Fund XV under Statute G,II,4(vii) 140437 |
College Buildings Repairs Fund XVI 417381 |
614488 |
Deficit transferred from Kitchen Account IV 110501 |
________ | ________
2227070 | 2227070

III TUITION ACCOUNT

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Expenditure £ £ | Income £
University Dues 1388136 | University Dues 1388136
Payments to Tutors Directors of Studies and College Lecturers 328610 | Fees for College Tuition and Supervision 632266
Payments to External Supervisors 160330 | Transfer from Quincentenary Fund XIX, General Purposes (b) 26429
Other Expenditure: | Balance, being deficit transferred to General Capital Account VIIA 203668
Office Salaries 91740 |
Miscellaneous Expenses 256608 |
Subscription to University Appointments Board 75 |
Leave of absence Fund 25000 |
373423 |
________ | ________
2250499 | 2250499

IV KITCHEN ACCOUNT (including Buttery, etc.)

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Expenditure £ £ | Income £ £
Supplies consumed during year 347920 | Sales and Establishment Charges 1001434
Wages and Salaries of Kitchen Staff, etc. 563120 | Balance, being deficit, transferred to Internal Revenue Account II 110501
Other Expenditure: |
Rent and Rates 10000 | Note as to Stock-on-hand
Insurance 9103 | At beginning of year 23008
Fuel 2183 | At end of year 24620
Electricity 16267 | Increase 1612
Water 2372 |
Printing, Postage, Telephone Stationery and Menus 7595 |
Laundry 12836 |
Miscellaneous Expenses 71723 |
132079 |
Transfer to: |
Maintenance Reserve Fund XIII 68816 |
________ | ________
1111935 | 1111935

V ENDOWMENT ACCOUNT

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Expenditure £ £ | Income £ £
Head and Fellows: | Surplus transferred from Account IA 673202
Head of the College 23139 | Transfer from:
Fellows 10252 | Trust Fund IX for Chapel Maintenance of Services 66418
Rent of Rooms occupied free 97164 | Quincentenary Fund XIX, General Purposes (b) 14627
Other allowances 221946 | 81045
352701 | Gift: Charles Rawlinson Chapel Trust 19769
Payment for University Purposes: | Balance, being deficit, transferred to General Capital Account VIIA 725852
University Contribution 1444 |
Half Rates on College Buildings 7327 |
Transfers to: |
College Building Fund XV under Statute G,II,4(vii) 46812 |
College Buildings Repairs Fund XVI 417381 |
464193 |
Upkeep of Chapel: |
Stipend and Other Allowances of Dean, Director of Music and Chaplain 55758 |
Maintenance of Services, etc. 41243 |
99001 |
Gardens (30% of expenses) 42259 |
College Entertainment, including Entertainment of Supervisors 72177 |
Donations and Subscriptions 8131 |
Transfers to: |
Scholarship Account Fund VI 2130 |
Trust Funds X 97 |
Library Fund XI 60556 |
Research Fund XVII 140000 |
Silver, Works of Art, and Fabric Funds XVIII 2700 |
205473 |
Fellows Academic Expenses 52650 |
Miscellaneous Expenses 78036 |
Development Office 136476 |
________ | ________
151986 | 151986

VI SCHOLARSHIP ACCOUNT FUND

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Expenditure £ £ | Income £ £
Payments to Scholars 15635 | Balance at beginning of year 78001
Payments to Exhibitioners 5105 | Share of Consolidated Fund Income 3756
Payments to Research Students 14059 | Transfers from:
34799 | Endowment Account V 2130
Grants to students 56106 | Trust Funds IX 75231
Prizes 6280 | Trust Funds X 9000
Balance at end of year 117689 | Research Fund XVII 14059
| Quincentenary Fund XIX, General Purposes (b) 32697
| 133117
________ | ________
214874 | 214874

VIIA GENERAL CAPITAL ACCOUNT

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Expenditure £ | Income £
Nineteenth Sinking Fund instalment (Jesus Lane houses (i)) 19996 | Balance at beginning of year 1381472
Seventeeth Sinking Fund instalment (Jesus Lane houses (ii)) 13435 | Sale of Investments 2146337
Fifteenth Sinking Fund instalment (,Jesus Lane houses (iii)) 14997 |
Fourteenth Sinking Fund instalment (Jesus Lane houses (iv)) 25620 |
Ninth Sinking Fund instalment (Jesus Lane houses (v)) 24767 |
Fourth Sinking Fund instalment (Jesus Lane houses (vi)) 12771 |
Fourth Sinking Fund instalment (Accommodation Building) 106427 |
Third Sinking Fund instalment (HMO Properties (i)) 51664 |
Second Sinking Fund instalment (HMO Properties (ii)) 39585 |
First Sinking Fund instalment (HMO Properties (iii)) 53600 |
Transfer to Corporate Capital Account VIIB 2950 |
Deficits for year transferred from: |
Internal Revenue Account II 205384 |
Tuition Account III 203668 |
Endowment Account 725852 |
Balance at end of year 2027093 |
________ | ________
3527809 | 3527809

VIIB CORPORATE CAPITAL ACCOUNT

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Expenditure £ | Income £
Purchase of Investments, Bond and related costs 31696486 | Balance at beginning of year 1889857
Purchase of College Building Leases 28660000 | Sale of lnvestments 29383435
Purchase of and improvements to, Land and Houses 2570807 | Sale of Land and Houses 5196623
Transfer of prior years' property improvements expenditure from Estates Repair Fund XII 1656843 | Compensation for Wayleaves 516
Transfer to College Building Fund XV 268000 | Maturing Investments 28660000
Balance at end of year 281245 | Transfer from General Capital Account VIIA 2950
________ | ________
65133381 | 65133381

VIII CASH RECONCILIATION STATEMENT

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Expenditure £ £ | Income £ £
Trust Funds: | Cash at Bank and on Deposit 4627131
Balances due by the College: | Sundry Debtors:
Subject to University Contribution 79163 | Members of the College 507117
Not subject to University Contribution 12808 | Rents 174073
91971 | Income Tax Recoverable 49608
Special Funds: | Other External Debtors 104928
Balances due by the College: | Internal Balances 83421
Scholarship Account Fund VI 117689 | 919147
Estates Repair Fund XI 2366908 | Internal Funds 14445
Caution Fund XIV 52087 | Special Funds:
Research Fund XVII 100909 | Adverse Balances
Kitchen Maintenance Reserve Fund XIII 4450S | College Building Fund XV under Statute G,II,4 (vii) 475662
Silver, Works of Art and Fabric Funds XVIII 28556 | College Buildings Repairs Fund XVI 2239568
Quincentenary Fund XIX | 2715230
(a) New Building 281544 |
(b) General Purposes 20611 |
Supplementary Maintenance Fund XX 197255 |
Student Emergency Fund XXI 10455 |
3220519 |
Internal Funds 1318399 |
Sundry Creditors: |
Internal Balances 510632 |
Amounts due to Fellows, Scholars, Exhibitioners, etc. 67729 |
External Creditors 778365 |
1356726 |
General Capital Account VIIA 2027093 |
Corporate Capital Account VIIB 281245 |
________ | ________
8295953 | 8295953

IX TRUST FUNDS (SUBJECT TO UNIVERRSITY CONTRIBUTION)

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Expenditure £ £ | Income £
Capital Expenditure on purchase of investments 65379 | Balance at beginning of year 67990
Transfers to: | Share of Consolidated Fund Income 160245
Endowment Account V for Chapel Maintenance 66418 | Bequests and Donations 59
Scholarship Fund VI 75231 | Compensation for Wayleaves 133
Library Fund XI 1357 | Transfer from Quincentenary Fund XIX General Purposes (b) 90167
College Buildings Repairs Fund XVI 7884 |
Research Fund XVII 14410 |
165300 |
Other Expenditure: |
Conway Morgan 520 |
Miscellaneous expenses and grants 8432 |
8952 |
Balance at end of year 79163 |
________ | ________
318794 | 318794

X TRUST FUNDS (NOT SUBJECT TO UNIVERSITY CONTRIBUTION)

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Expenditure £ | Income £
Miscellaneous Expenses (Rustat and Rustat Widows) 211 | Balance at beginning of year 7400
Loughborough School Grants 5400 | Income from Estates, less Repairs and Expenses of Administration 13
Barnaby Lectures 100 | Share of Consolidated Fund Income 44942
Augmentation of Benefice 13 | Transfer from Endowment Account V 87
Rustat School Grants 20160 |
Rustat Auditors 2 |
Rustat Widows 1000 |
Proby 2500 |
lncome used for College purposes: |
Rustat 1248 |
Transfer to Schoarship Fund VI 9000 |
Balance at end of year 12808 |
________ | ________
52442 | 52442

XI LIBRARY FUND

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Expenditure £ | Income £ £
Librarians' Stipends and Assistants' Salaries 77355 | Share of Consolidated Fund Income 28488
Purchase of Books and Binding 51555 | Transfers from:
Other Expenses 47366 | Internal Revenue Account II 56670
| Endowment Account V 60556
| Quincentenary Fund XIX, General Purposes (b) 442
| Sams, Anderson, Monger and Hadfield Funds 1357
| 119025
| Miscellaneous Receipts 28763
________ | ________
176276 | 176276

XII ESTATES REPAIR FUND

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Expenditure £ | Income £ £
Balance at end of year 2366908 | Balance at beginning of year 266629
| Corporate Capital Account VIIB 1656843
| Transfer from External Revenue Account IA:
| Rack Rents Received 1741036
| Add: Vacated Properties 32707
| 1773743 @25%= 443436
________ | ________
2366908 | 2366908

XIII KITCHEN MAINTENANCE RESERVE FUND

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Expenditure £ | Income £
Adverse balance at beginning of year 11457 | Transfer from Kitchen Account IV 68816
Repairs and Renewals to Plant, etc. 12854 |
Balance at end of year 44505 |
________ | ________
68816 | 68816

XIV CAUTION FUND

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Expenditure £ | Income £
Caution Money repaid 15350 | Caution Money in hand at beginning of year 48783
Caution Money in hand at end of year 52087 | Caution Money received 18654
________ | ________
67437 | 67437

XV COLLEGE BUILDING FUND (UNDER STATUTE G,II,4(vii))

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Expenditure £ | Income £
Adverse Balance at beginning of year 663285 | Transfers from:
Capital Expenditure on College Buildings 267626 | Internal Revenue Account II (Statute G,II,4(vii)) 140437
| Endowment Account V (Statute G,II,4(vii)) 46812
| Corporate Capital Account VIIB 268000
| Adverse balance at end of year 475662
________ | ________
930911 | 930911

XVI COLLEGE BUILDINGS REPAIRS FUND

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Expenditure £ £ | Income £
Adverse Balance at beginning of year 2316224 | Transfers from:
Expenditure on: | Central Heating Account 33986
Repairs 1166813 | Decorations Account 52120
Decorations 52120 | Internal Revenue Account II 417381
1218933 | Endowment Account V 417181
| Trust Funds IX 7884
| Quincentenary Fund XIX, General Purposes (b) 314701
| Benefaction 52136
| Adverse Balance at end of year 2239568
________ | ________
3535157 | 3535157

XVII RESEARCH FUND

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Expenditure £ | Income £
Stipends and Allowances paid to Research Fellows 63414 | Balance at beginning of year 27241
Transfer to Scholarship Fund VI for Research Students 14059 | Transfer from Endowment Account V 140000
Miscellaneous Expenses 3269 | Trust Funds IX 14410
Balance at end of year 100909 |
________ | ________
181651 | 181651

XVIII SILVER, WORKS OF ART AND FABRIC FUNDS

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Expenditure £ | Income £
Exhibition Expenses 10206 | Balances at beginning of year 35143
Purchases 502 | Interest received 239
Miscellaneous Expenses 456 | Transfer from Endowment Account V 2700
Balances at end of year 28556 | Donations received 682
| Miscellaneous Income 956
________ | ________
39720 | 39720

XIX QUINCENTENARY FUND NEW BUILDING FUND (a)

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Expenditure £ | Income £
Expenditure on New Buildings 36006 | Balance at beginning of year 83167
Balance at end of year 281544 | Income not subject to University Contribution 1203
| Donations 191635
| Net recovery of costs 41545
________ | ________
317550 | 317550

GENERAL PURPOSES (b)

Expenditure £ £ | Income £
David Crighton Music Fund 30000 | Donations, Gifts and Bequests 513507
Arts Complex 519 | Tax reclaimed 26886
Newcastle Liaison 10000 |
Transfers to: |
Tuition Account III 26429 |
Endowment Account V 14627 |
Scholarship Account VI 32697 |
Trust Funds IX 90367 |
Library Fund XI 442 |
College Buildings Repairs Fund XVI 314701 |
479263 |
Balance at end of year 20611 |
________ | ________
40393 | 40393

XX SUPPLEMENTARY MAINTENANCE FUND

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Expenditure £ | Income £
Balance at end of year 197255 | Balance at beginning of year 193172
| Interest received 4083
________ | ________
197255 | 197255

XXI STUDENT EMERGENCY FUND

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Expenditure £ | Income £
Grants to Students 2700 | Balance at beginning of year 12927
Balance at end of year 10455 | Interest received 228
________ | ________
13155 | 13155

AUDITORS' CERTIFICATE

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We have examined the foregoing statement of the accounts of the College and have made such tests thereof with the relevant books and vouchers as we considered appropriate

In our opinion:
(a) the foregoing accounts with statements IB and IC are in the form prescribed by Statute:
(b) the said accounts present a true and fair statement of the transactions of the College for the year ended 30 June 2002 and of the resultant balances as shown by the books of the College;
(c) the contribution due from the College to the University as set out in Statement IC has been correctly computed

PETERS, ELWORTHY & MOORE
Chartered Accountants
SALISBURY HOUSE, STATION ROAD, CAMBRIDGE
17 October 2002

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