St Anne's College, Oxford
Accounts for financial year ended 31st July 2002

CLICK FOR THE COLLEGE CALENDAR ENTRY (ST ANNE'S FELLOWS LIST ETC.)
OR THE COLLEGE'S OWN WEBSITE (EXITS WWW.AKME)
OR THE LATEST ST ANNE'S ACCOUNTS 2005/6 PDF
(for intervening years, e-mail request to akme@btinternet.com)
THE OXBRIDGE COLLEGE ACCOUNTS INDEX.

Numbers of students in residence during the academic year 2001-02 (taken from University Calendar 2003-04):
436 undergraduates, 124 postgraduates, 5 additional. Total=565. Click for the complete list.

INDEX: I Consolidated revenue statement, II Statutory endowment income and college contribution,
III Endowment account, IV & V Education & research account and Internal account,
VI Summary of transactions affecting accumulated balances, VII Statement of balances, opinion of the auditors.

I. CONSOLIDATED REVENUE STATEMENT

2000-01 £INCOME.2001-02 £
. From endowments and other funds:..
1,003,801 Net income as shown in Statement III 835,217 .
4,639 Less: College contribution (Statement III) Nil .
999,162..835,217
. . . .
4,805,106 From fees, dues and charges (including room rents) 5,042,786 .
(877,688) Less: Collected on behalf of the University 941,311 .
3,927,418..4,101,475
. From grants and donations: . .
19,305 From the University 14,064 .
. From other Oxford colleges . .
29,393 From outside sources 36,511 .
. .. 50,575
. From other sources: . .
38,342 External tuition 33,247 .
13,164 Miscellaneous 7,588 .
. . . 40,835
________ . . ________
5,026,784 Total income . 5,028,102
. . . .
. EXPENDITURE . .
. For the college's own purposes: . .
. Other than on premises: . .
2,195,582 (i) Education and Research (Statement IV) 2,357,231 .
1,733,867 (ii) Internal (Statement V) 1,838,376 .
627,527 On college premises (Statement III) 822,388 .
4,556,976 . . 5,017,995
. . . .
. For other purposes, excluding college contribution (Statement III) . .
________. .________
4,556,976 Total expenditure . 5,017,995
. . . .
. SURPLUS/(DEFICIT) FOR YEAR carried to Statement VI . .
. Trust funds of which, under the terms of trusts, there was: . .
. (a) available for the college's general purposes . .
108,704 (b) carried forward for the trust purposes . 53,129
________. .________
108,704 . . 53,129
. . . .
318,068 Reserves and special funds . 197,112
43,036 Revenue account . (240,134)
469,808 . . 10,107
. Attributable to: . .
772,866 Endowment (Statement III) 472,320 .
(548,548) Education and Research (Statement IV) (627,617) .
245,490 Internal (Statement V) 165,404 .
469,808 . 10,107 .

II. STATUTORY ENDOWMENT INCOME AND COLLEGE CONTRIBUTION

Return to the File Index.

2000-01 £GROSS INCOME.2001-02 £
. From all relevant sources except trusts of which the college is not the sole trustee: . .
. Rent: . .
. Agricultural land . .
. Non-agricultural land . .
9,304 Let on terms that tenant not responsible for structural repairs . .
500 Let on other terms . .
. Gross value for rating purposes of college houses outside
the curtilage occupied by the head, fellows or employees		 . .
. Income from timber . .
. Income from minerals and mineral rights . .
1,349,851 Interest and dividends . 1,160,263
. Underwriting commissions . .
687 Copyright royalties . 696
. Other income: . .
. Other . .
________..________
1,360,342 . . 1,160,959
. Less . .
. Amount (if any) of income included above which has to be appropriated to funds
established, with the approval of the College Contributions Committee, under Section 29 of
the Universities and College Estates Act, 1923 (as amended) but not separately invested		. .
. Amounts which must be applied by the college as sole trustee for purposes wholly outside the
objects of the college out of the income and in compliance with the terms, of trusts of which
the income is included above as being in part applicable for the benefit of the college		 . .
. From trusts of which the college is not sole trustee: . .
2,122 Income paid to the college by the trustees or applied by them to any purpose of the college . 12,531
________..________
1,362,464 Total of gross income from endowments and other sources as shown in Statement III . 1,173,490
. . . .
. PERMISSIBLE DEDUCTIONS . .
. (a) Standard deductions: . .
.In respect of the full amount of rents from agricultural land @25% .
3,721 In respect of the full amount of rents from non-agricultural land let on terms
that tenant not responsible for structural repairs		 @40% .
50 In respect of the full amount of rents from non-agricultural land let on other terms
(including, at gross value for rating purposes, college houses outside
the curtilage occupied by the head, fellows or employees) 		@10% .
67,492 In respect of the gross amount of interest and dividends 1,160,263 @5% 58,013 .
.(b) In respect of leaseholds:. .
. (i) Rent payable . .
. (ii) Amortization of lease premium . .
204,925 (c) Interest 205,908 .
. (d) Allowances for exceptional obligations . .
________ .________.
276,188 . . 263,921
1,086,276 STATUTORY ENDOWMENT INCOME . 909,569
. . . .
. CONTRIBUTION PAYABLE . .
. On 909,569 Nil .

III. ENDOWMENT ACCOUNT

Return to the File Index.

2000-01 £ INCOME . 2001-02 £
1,362,464 Gross income from endowment and other sources as shown in Statement II . 1,173,490
. Surplus/(deficit) on home farms and farms, sporting rights, etc., in hand after deducting
rental value included in gross income above and any relevant expenses not taken into account below		 . .
. Rents, less rental value included in gross income above, in respect of rateable hereditaments
outside the curtilage of the college occupied by a head, a fellow or an employee of the college		 . .
________.. ________
1,362,464 . . 1,173,490
. Less: Expenses of obtaining that income: . .
. Rent, rates, taxes and insurance (less commission) . .
. Provision for major repairs . .
. Other repairs and maintenance . .
. Amortization and depreciation . .
. . . .
153,737 Agency, management and administration 132,365 .
. Donations and subscriptions in connection with estates . .
. Entertainment of tenants and others . .
. Other expenses: . .
204,926 Interest paid 205,908 .
________.________ .
358,663 . . 338,273
1,003,801 Net income as shown in Statement I . 835,217
. . . .
. AMOUNTS PAYABLE OUT OF ABOVE NET INCOME OTHERWISE
THAN FOR THE COLLEGE'S OWN PURPOSES		 . .
4,639 College contribution (Statement II) Nil .
. Donations and subscriptions: . .
. (i) for University objects . .
. (ii) Other . .
. Livings . .
. Maintenance of schools . .
. Other: . .
________ . ________ .
4,639 . . .
________ . . ________
999,162 Net income available for college's own purposes . 835,217
. Less: Amount of trust fund income transferred to Statement IV and V
equivalent to expenditure from trusts included in those Statements.		 . .
106,441 Statement IV 140,867 .
. Statement V . .
________.________.
106,441 . . 140,867
892,721 BALANCE AVAILABLE FOR THE COLLEGE'S OWN PURPOSES . 694,350
. . . .
. EXPENSES OF COLLEGE PREMISES AND AEDES ANNEXAE . .
. Repair and maintenance of fabric and exterior of buildings: . .
. (i) Provision for major repairs . .
180,225 (ii) Other repairs and maintenance 278,263 .
. (iii) Amortization and depreciation . .
________.________ .
263,205 . 278,263 .
64,622 Upkeep of gardens and grounds 68,976 .
244,847 . . 347,239
. All other building repairs and maintenance (including interior redecoration): . .
. (i) Provision for major repairs . .
272,345 (ii) Other repairs and maintenance 347,259 .
86,083 Rent 95,952 .
13,892 Rates and taxes 15,519 .
10,360 Insurance (less commission) 16,419 .
382,680 . . 475,149
627,527.. 822,388
. Less: Contribution from Statements IV and V: . .
124,992 (i) For upkeep of fabric, gardens and grounds (based on standard formula) 125,209 .
382,680 (ii) For other expenses 475,149 .
507,672 . . 600,358
119,855 . . 222,030
. . . .
772,866 SURPLUS/(DEFICIT) . 472,320

IV. EDUCATION AND RESEARCH ACCOUNT
V. INTERNAL ACCOUNT

Return to the File Index.

2000-01 £
IV Ed&Res		2000-01 £
V Internal		INCOME 2001-02 £
IV Education
& Research		2001-02 £
V Internal		2001-02 £
Total
. . Fees (other than those collected for the University) . . .
1,221,900 305,475 Consolidated 1,277,880 321,430 1,599,310
142,915 . (ii) Tuition 184,143 . 184,143
. . (iii) Dues and establishment charges . . .
878 . (iv) Degree 740 . 740
. . (v) Library . . .
141,680 25,002 (vi) Other 74,977 13,231 88,208
________ ________ . ________________________
1,507,373 330,477. 1,537,740 334,661 1,872,401
. . . . . .
18,912 1,811,236 Charges for accommodation (including notional room rents), meals & service 23,786 1,897,756 1,921,542
. 212,460 Rents from furnished accommodation outside the college occupied by student members . 257,730 257,730
. 46,960 Sales from buttery and stores . 49,802 49,802
________ ________ . ________________________
1,526,285 *2,401,133 . 1,561,526 *2,539,9494,101,475
. . . . . .
106,441 . Amount of trust fund income available only for expenditure dealt with
in this account (transferred from Statement III)		 140,867 . 140,867
. . . . . .
. . Research grants: . . .
. . (i) From the University . . .
. . (ii) From other Oxford colleges . . .
. . (iii) From outside sources . . .
. . . . . .
. . Other Grants and contributions . . .
19,305 . (i) From the University 14,064 . .
. . (ii) From other Oxford colleges . . .
29,393 . (iii) From outside sources 36,511 . .
48,698 . . 50,575 . 50,575
. . . . . .
. . Charges to other accounts: . . .
. . Statement III: Entertainment of tenants and others . . .
. 45,603 Statement IV: Common Table . 53,488 .
. 29,570 Statement IV: College hospitality . 30,731 .
. 75,173 . . 84,219 84,219
. . Other income: . . .
38,342 . External tuition 33,247 . 33,247
3,424 9,740 Miscellaneous 3,720 3,868 7,588
________ ________ . ________________________
1,723,190 2,486,046 Total income 1,789,935 2,628,036 4,417,971
. . . . . .
..* NOTE: Charged to...
. 1,507,693 Members and employees of the college . 1,606,071 .
. . Other colleges . . .
. 893,440 Others (conferences etc.) . . 933,878
. ________ . . ________ .
. 2,401,133 . . 2,539,949 .
. . . . . .
..EXPENDITURE.. .
77,973 . Head of College 80,400 . 80,400
756,585 . Teaching fellows 785,577 . 785,577
. . Other fellows . . .
108,841 . Stipendiary lecturers 116,385 . 116,385
124,609 . Outside tuition payments 121,969 . 121,969
81,220 . Other tuition and research expenses (including research assistants) 84,618 . 84,618
45,603 . Common Table 53,488 . 53,488
178,684 . Library 181,871 . 181,871
. . Research studentships, scholarships, exhibitions, prizes, grants: . . .
. 60,580 (i) Provided from trust funds 96,092 . .
90,963 . (ii) Provided otherwise 117,036 . .
151,543 . . 213,128 . 213,128
. . . . . .
17,050 . Examiners and examination expenses (including fees
paid to the Oxford Colleges Admissions Office)		 9,393 . 9,393
. . Chaplain and chapel services. . .
29,570 . College hospitality 30,731 . 30,731
62,549 . Junior clubs 70,783 . 70,783
4,633 . Subscriptions and donations to the college's own academic objectives 4,462 . 4,462
. 378,724 Catering supplies consumed (less sale of waste). 407,086 407,086
. . Outside caterers' and other colleges' charges . . .
..Services:...
99,065 739,997 (i) Domestic staff 109,416 789,709 899,125
16,396 137,097 (ii) Heat, light, water 16,246 141,800 158,046
6,403 75,434 (iii) Laundry and cleaning 6,857 82,416 89,273
48,239 70,990 (iv) Repair, renewal, insurance (less commissions) and
depreciation of furniture and equipment		 67,200 70,944 138,144
170,103 1,023,518 . 199,719 1,084,8691,284,588
. .Administration: . . .
36,566 16,569 (i) College officers and others 34,248 15,519 49,767
202,842 308,304 (ii) Office and clerical staff 205,258 321,570 526,828
63,728 16,543 (iii) Office expenses 77,727 10,348 88,075
42,329 9,204 (iv) Legal and professional charges 48,488 11,978 60,466
________ ________ . ________ ________ ________
345,465 350,620 . 365,721 359,415 725,136
. . . . . .
28,145 11,319 Pensions paid to former members and employees of the college 19,150 9,741 28,891
. . Other expenses . . .
13,009 44,859 Miscellaneous 19,836 61,484 81,320
________________. ________________________
2,195,582 1,809,040 . 2,357,231 1,922,595 4,279,826
..College premises:...
76,156 431,516 Contribution to Statement III for repair and maintenance, rent, rates, taxes, insurance 60,321 540,037 600,358
________ ________ . ________________________
2,271,738 2,240,556 . 2,417,552 2,462,632 4,880,184
. . . . . .
(548,548) 245,490 SURPLUS/(DEFICIT) (627,617) 165,404 (462,213)

VI. SUMMARY OF TRANSACTIONS AFFECTING ACCUMULATED BALANCES

Return to the File Index.

. Trust funds
for purposes
wholly outside
the objects of
the college £		 Other trust
funds £		 Capital
account £		 Reserves
and special
funds £		 Revenue
account £		 Total £
BALANCES AT BEGINNING OF YEAR
(excluding invested balances of trust
funds and capital account)		 . 1,360,258 503,285 8,698,286 285,015 10,846,844
ADD:......
Net proceeds of sale of estates . . . . . .
Net proceeds of sale and redemption of
securities of trust funds and capital account		 . 1,475,449 2,206,162 . . 3,681,611
Surplus/(deficit) of income for the year: . . . . . .
(i) Trust funds only for purposes wholly
outside the objects of the college		 . . . . . .
(ii) Capital account - income of funds established
under Section 29 of the Universities and
College Estates Act 1925 (as amended)		 . . . . . .
(iii) Other accounts and funds (Statement I) . 53,129 . 197,112 (240,134) 10,107
Internal transfers: . . . . . .
(i) As the result of charges made in arriving at amounts
of surplus/(deficit) of income for the year 		. . . . . .
(ii) Otherwise . . . 108,217 120,833 229,050
Other receipts: . . . . . .
Issue of shares in Trust Pool . 148,102 . . . 148,102
Donations . 94,537 . 1,355,995 . 1,450,532
.________________ ________________________ ________
. . 1,771,217 2,206,162 1,661,324 (119,301) 5,519,402
DEDUCT:... ...
Cost of purchase and improvement of estates . . . . . .
Cost of purchase of securities for trust funds
and capital account		 . 2,092,056 3,772,482 . . 5,864,538
Cost of additions and improvements to college premises. . . 1,187,889 . 1,187,889
Expenditure out of fund for major repairs to estates . . . . . .
Major repairs to fabric and exterior of buildings . . . 233,894 . 233,894
Other major repairs and maintenance
(including interior redecoration)		 . . . 28,817 . 28,817
Internal transfers - amounts deducted otherwise than
in arriving at surplus/(deficit) of income for year		 . . . 120,833 108,217 229,050
Other payments: . . . . . .
Purchase of shares in Trust Pool . 148,102 . . . 148,102
Development office . . . 59,717 . 59,717
Loss on sale of investments . . . 375,302 . 375,302
.________________ ________________________ ________
. . 2,240,158 3,772,482 1,772,558 108,217 7,893,415
. . . . . . .
BALANCES AT END OF YEAR
(excluding invested balances of trust
funds and capital accounts)		 . 891,317 (1,063,035) 8,587,052 57,497 8,472,831

VII. STATEMENT OF BALANCES

Return to the File Index.

2000-01 £ . . 2001-02 £
. Trust funds (excluding amounts invested) held and administered by the college: . .
. (i) Only for purposes wholly outside the objects of the college . .
1,360,258 (ii) Wholly or partly for the benefit of the college 891,317 .
1,360,258 . . 891,317
. . . .
503,285 Capital account (excluding amount invested) . (1,063,035)
8,698,286 Reserves and special funds . 8,587,052
285,015 Revenue account . 57,497
10,846,844 . . 8,472,831
. . . .
. Represented by: . .
. ASSETS . .
1,185 Cash in hands of officers and servants 1,085 .
7,258,862 Balance with bankers . 3,385,674
. Deposits other than with bankers . .
5,504,253 Investments (other than of trust funds and capital account)
NOTE: Market Value 7,598,634		 . 7,242,860
. . . .
. Debtors and debit balances: . .
10,649 (i) Battels 17,262 .
. (ii) Rents . .
560,347(iii) Other 488,008 .
570,996 . . 505,270
. . . .
32,003 Income tax recoverable . 15,287
34,694 Stocks and stores . 39,771
48,316 Furniture and Equipment . 73,903
________..________
13,450,309 . . 11,263,850
. . . .
. LIABILITIES . .
39,019 Caution money 45,116 .
. Bank overdraft . .
2,370,583 Loans 2,377,815 .
. Unexpended balances of grants for specific purposes . .
193,863 Other creditors and credit balances 368,088 .
2,603,465 . . 2,791,019
10,846,844 .. 8,472,831

Return to the File Index.

AUDITORS' CERTIFICATE

Report of the auditors to the Governing Body of St Anne's College

We have audited the Statement of Accounts on pages 2 to 11 which have been prepared in accordance with the provisions of Statute XII Section II clauses 1, 2 and 3 made under the Universities of Oxford and Cambridge Act 1923.

Respective responsibilities of the Governing Body of the College and Auditors

The Governing Body of the College is responsible for the preparation of the financial statements.
The University Statute requires the College to prepare financial statements for each financial year which:

(a) Give a true and fair view of:

(i) the income of the college from all sources, the expenditure of a revenue nature properly chargeable against such income, and the extent by which in total such income exceeded or fell short of such expenditure.

(ii) the allocation of the aforesaid income and expenditure as between:
A Endowment
B Education and research
C Internal
in accordance with the provisions of the statute, showing the resultant surplus or deficit in each case.

(iii) the nature and extent of all other changes in the balances of the funds, other than invested balances of capital and trust funds, administered by the college (provided that in relation to the revenue transactions of trust funds administered for purposes wholly external to the college it shall suffice to show only the amount by which the income exceeded or fell short of the expenditure)

(iv) the assets and liabilities by which the aforesaid balances were represented at the end of the financial year.

(b) Show the computation of the statutory endowment income and of the liability for, or as the case may be the exemption from, College contribution.

It is our responsibility to form an independent opinion as to whether the statements comply with these provisions and that statutory endowment income, and College contribution, have been correctly computed.

Basis of audit opinion

We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the preparation of the accounts, and whether the accounting policies adopted by the College have been consistently applied.\

We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurances that the accounts are free from material misstatement, whether caused by fraud or other irregularity or error.

Opinion

In our opinion:

(i) The accounts comply with the provisions of Statute Title XII Section II made under the Universities of Oxford and Cambridge Act 1923 and

(ii) the statutory endowment income and the amount payable as College contribution have been correctly computed.

(iii) In all material respects, income received from the University of Oxford out of grants from the Higher Education Funding Council for England during the year ended 31 July 2002 has been applied for the purposes for which it was received.

Grant Thornton
Chartered Accountants

5 December 2002

CLICK TO GO/RETURN TO:

THE TOP OF THIS FILE

THE NEXT COLLEGE ACCOUNT 2001/2 (ST ANTONY'S)

THE LATEST ST ANNE'S ACCOUNTS 2005/6 PDF

(for intervening years, e-mail request to akme@btinternet.com)

THE COLLEGE'S OWN WEBSITE (EXITS WWW.AKME)

THE COLLEGE CALENDAR ENTRY (ST ANNE'S FELLOWS LIST ETC.)

THE OXBRIDGE COLLEGE ACCOUNTS INDEX AND OUP ACCOUNTS INDEX

THE SURPRISING TRUTH ABOUT OUP'S 'CHARITABLE STATUS'

MALCOLM vs. OXFORD INDEXES: I (1984-92) & II (2001-02)

THE HISTORY OF AKME AND OF THIS WEBSITE

THE AKME OXFORD CUTTINGS LIBRARY

THE AKME LITERARY LAW LIBRARY

AKME STUDENT LAW LIBRARY

ABOUT MAKING NAMES

ABOUT THE REMEDY

THE SITE INDEX

e-mail: akme@btinternet.com