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

CLICK FOR THE COLLEGE CALENDAR ENTRY (ST ANTONY'S FELLOWS LIST ETC.)
OR THE COLLEGE'S OWN WEBSITE (EXITS WWW.AKME)
OR THE LATEST ST ANTONY'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):
0 undergraduates, 293 postgraduates, 5 additional. Total=298. 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:..
282,654 Net income as shown in Statement III 288,787 .
. Less: College contribution (Statement III) Nil .
282,654..288,787
. . . .
2,680,184 From fees, dues and charges (including room rents) 3,056,441 .
980,807 Less: Collected on behalf of the University 1,178,860 .
1,699,377..1,877,581
. From grants and donations: . .
2,191 From the University 2,191 .
. From other Oxford colleges . .
1,275,410 From outside sources 1,096,738 .
. .. 1,098,929
. From other sources: . .
. . . 40,835
________ . . ________
3,259,632 Total income . 3,265,297
. . . .
. EXPENDITURE . .
. For the college's own purposes: . .
. Other than on premises: . .
2,293,805 (i) Education and Research (Statement IV) 2,120,002 .
911,215 (ii) Internal (Statement V) 949,290 .
485,077 On college premises (Statement III) 614,521 .
3,692,097 . . 3,683,813
. . . .
. For other purposes, excluding college contribution (Statement III) . .
________. .________
3,692,097 Total expenditure . 3,683,813
. . . .
. 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 . .
. (b) carried forward for the trust purposes . .
________. .________
. . . .
. . . .
(7,681) Reserves and special funds . (14,825)
(424,784) Revenue account . (403,691)
(432,465) . . (4l8,516)
. Attributable to: . .
68,882 Endowment (Statement III) (957) .
(511,731) Education and Research (Statement IV) (492,740) .
10,384 Internal (Statement V) 75,181 .
(432,465) . (4l8,516) .

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 . .
. Let on terms that tenant not responsible for structural repairs . .
. 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 . .
432,870 Interest and dividends . 374,932
. Underwriting commissions . .
900 Copyright royalties . 1,130
. Other income: . .
. Other . .
________..________
433,770 . . 376,062
. 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: . .
. Income paid to the college by the trustees or applied by them to any purpose of the college . .
________..________
433,770 Total of gross income from endowments and other sources as shown in Statement III . 376,062
. . . .
. PERMISSIBLE DEDUCTIONS . .
. (a) Standard deductions: . .
.In respect of the full amount of rents from agricultural land @25% .
. In respect of the full amount of rents from non-agricultural land let on terms
that tenant not responsible for structural repairs		 @40% .
. 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% .
21,643 In respect of the gross amount of interest and dividends 374,932 @5% 18,747 .
.(b) In respect of leaseholds:. .
. (i) Rent payable . .
. (ii) Amortization of lease premium . .
145,035 (c) Interest 81,011 .
. (d) Allowances for exceptional obligations 14,852 .
________ .________.
166,678 . . 114,610
267,092 STATUTORY ENDOWMENT INCOME . 261,452
. . . .
. CONTRIBUTION PAYABLE . .
. On 261,452 Nil .

III. ENDOWMENT ACCOUNT

Return to the File Index.

2000-01 £ INCOME . 2001-02 £
433,770 Gross income from endowment and other sources as shown in Statement II . 376,062
. 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		 . .
________.. ________
433,770 . . 376,062
. Less: Expenses of obtaining that income: . .
. Rent, rates, taxes and insurance (less commission) . .
. Provision for major repairs . .
. Other repairs and maintenance . .
. Amortization and depreciation . .
. . . .
6,081 Agency, management and administration 6,264 .
. Donations and subscriptions in connection with estates . .
. Entertainment of tenants and others . .
. Other expenses: . .
145,035 Interest payable 81,011 .
________.________ .
151,116 . . 87,275
282,654 Net income as shown in Statement I . 288,787
. . . .
. AMOUNTS PAYABLE OUT OF ABOVE NET INCOME OTHERWISE
THAN FOR THE COLLEGE'S OWN PURPOSES		 . .
. College contribution (Statement II) Nil .
. Donations and subscriptions: . .
. (i) for University objects . .
. (ii) Other . .
. Livings . .
. Maintenance of schools . .
. Other: . .
. . . .
________ . . ________
282,654 Net income available for college's own purposes . 288,787
. Less: Amount of trust fund income transferred to Statement IV and V
equivalent to expenditure from trusts included in those Statements.		 . .
. Statement IV . .
. Statement V . .
________.________.
. . . .
282,654 BALANCE AVAILABLE FOR THE COLLEGE'S OWN PURPOSES . 288,787
. . . .
. EXPENSES OF COLLEGE PREMISES AND AEDES ANNEXAE . .
. Repair and maintenance of fabric and exterior of buildings: . .
225,167 (i) Provision for major repairs 298,407 .
. (ii) Other repairs and maintenance . .
. (iii) Amortization and depreciation . .
________.________ .
225,167 . 298,407 .
20,938 Upkeep of gardens and grounds 23,670 .
246,105 . . 322,077
. All other building repairs and maintenance (including interior redecoration): . .
9,500 (i) Provision for major repairs 2,146 .
216,218 (ii) Other repairs and maintenance 278,616 .
. Rent . .
6,304 Rates and taxes 4,523 .
6,950 Insurance (less commission) 7,159 .
238,972 . . 292,444
485,077.. 614,521
. Less: Contribution from Statements IV and V: . .
32,333 (i) For upkeep of fabric, gardens and grounds (based on standard formula) 32,333 .
238,972 (ii) For other expenses 292,444 .
271,305 . . 324,777
213,772 . . 289,744
. . . .
68,882 SURPLUS/(DEFICIT) . (957)

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) . . .
. . (i) Consolidated . . .
. . (ii) Tuition . . .
428,922 . (iii) Dues and establishment charges 476,903 . 476,903
. . (iv) Degree . . .
. . (v) Library . . .
103,095 144,829 (vi) Other 112,041 135,912 247,953
________ ________ . ________________________
532,017 144,829. 588,944 135,912 724,856
. . . . . .
80,978 941,553 Charges for accommodation (including notional room rents), meals & service 69,300 1,083,425 1,152,725
. . Rents from furnished accommodation outside the college occupied by student members . . .
. . Sales from buttery and stores . . .
________ ________ . ________________________
612,995 *1,086,382 . 658,244 *1,219,3371,877,581
. . . . . .
. . Amount of trust fund income available only for expenditure dealt with
in this account (transferred from Statement III)		 . . .
. . . . . .
. . Research grants: . . .
. . (i) From the University . . .
. . (ii) From other Oxford colleges . . .
1,275,410 . (iii) From outside sources 1,096,738 . .
. . . . . 1,096,738
. . . . . .
. . Other Grants and contributions . . .
2,191 . (i) From the University 2,191 . .
. . (ii) From other Oxford colleges . . .
. . (iii) From outside sources . . .
. . . . . 2,191
. . . . . .
. . Charges to other accounts: . . .
. . Statement III: Entertainment of tenants and others . . .
. 6,326 Statement IV: Common Table . 946 .
. 14,869 Statement IV: College hospitality . 16,578 .
. 21,195 . . 17,524 17,524
. . Other income: . . .
________ ________ . ________________________
1,890,596 1,107,577 Total income 1,757,173 1,236,861 2,994,034
. . . . . .
..* NOTE: Charged to...
. 1,031,227 Members and employees of the college . 1,148,985 .
. . Other colleges . . .
. 55,155 Others (conferences etc.) . . 70,352
. ________ . . ________ .
. 1,086,382 . . 1,219,337 .
. . . . . .
..EXPENDITURE.. .
62,966 . Head of College 64,591 . 64,591
590,845 . Teaching fellows 506,418 . 506,418
. . Other fellows . . .
. . Stipendiary lecturers . . .
. . Outside tuition payments . . .
189,512 . Other tuition and research expenses (including research assistants) 93,616 . 93,616
6,326 . Common Table 946 . 946
107,358 . Library 126,043 . 126,043
. . Research studentships, scholarships, exhibitions, prizes, grants: . . .
. . (i) Provided from trust funds . . .
511,164 . (ii) Provided otherwise 548,377 . .
511,164 . . 548,377 . 548,377
. . . . . .
. . Examiners and examination expenses (including fees
paid to the Oxford Colleges Admissions Office)		 . . .
. . Chaplain and chapel services. . .
14,869 . College hospitality 16,578 . 16,578
19,996 . Junior clubs 5,550 . 5,550
. . Subscriptions and donations to the college's own academic objectives . . .
. 80,219 Catering supplies consumed (less sale of waste). 76,937 76,937
. . Outside caterers' and other colleges' charges . . .
..Services:...
105,836 437,363 (i) Domestic staff 109,363 447,864 557,227
19,404 67,938 (ii) Heat, light, water 22,566 70,392 92,958
12,082 30,715 (iii) Laundry and cleaning 14,513 39,369 53,882
75,059 62,810 (iv) Repair, renewal, insurance (less commissions) and
depreciation of furniture and equipment		 88,844 68,609 157,453
212,381 598,826 . 235,286 626,234861,520
. .Administration: . . .
500 29,874 (i) College officers and others 500 53,277 53,777
370,558 148,078 (ii) Office and clerical staff 363,113 151,610 514,723
140,370 35,769 (iii) Office expenses 98,038 24,821 122,859
17,654 17,654 (iv) Legal and professional charges 13,743 13,743 27,486
________ ________ . ________ ________ ________
529,082 231,375 . 475,394 243,451 718,845
. . . . . .
30,216 1,578 Pensions paid to former members and employees of the college 29,460 1,613 31,073
. . Other expenses . . .
19,090 22,412 . 17,743 18,579 36,322
________________. ________________________
2,293,805 934,410 . 2,120,002 966,814 3,086,816
..College premises:...
108,522 162,783 Contribution to Statement III for repair and maintenance, rent, rates, taxes, insurance 129,911 194,866 324,777
________ ________ . ________________________
2,402,327 1,097,193 . 2,249,913 1,161,680 3,411,593
. . . . . .
(511,731) 10,384 SURPLUS/(DEFICIT) (492,740) 75,181 (417,559)

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)		 . . (1,757,503) 882,140 (2,131,839) (3,007,202)
ADD:......
Net proceeds of sale of estates . . . . . .
Net proceeds of sale and redemption of
securities of trust funds and capital account		 . . . 13,939 . 13,939
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) . . . (14,825) (403,691) (418,516)
Internal transfers: . . . . . .
(i) As the result of charges made in arriving at amounts
of surplus/(deficit) of income for the year 		. . . 321,554 . 321,554
(ii) Otherwise . . . . . .
Other receipts: . . . . . .
Profit on Sale of Investments . . . . . .
Benefactions . . . 21,449 . 21,449
Sale of Long Leaseholds . . . . . .
Donations . . 196,425 65,607. 262,032
Other . . . 1,837 . 1,837
.________________ ________________________ ________
. . . 196,425 409,561 (403,691) 202,295
DEDUCT:... ...
Cost of purchase and improvement of estates . . . . . .
Cost of purchase of securities for trust funds
and capital account		 . . 152,978 . . 152,978
Cost of additions and improvements to college premises. . 41,010 202,080 . 243,090
Expenditure out of fund for major repairs to estates . . . . . .
Major repairs to fabric and exterior of buildings . . . . . .
Other major repairs and maintenance
(including interior redecoration)		 . . . 64,276 . 64,276
Internal transfers - amounts deducted otherwise than
in arriving at surplus/(deficit) of income for year		 . . . . . .
Other payments: . . . . . .
Appeal expenses . . . 23,315 . 23,315
College History . . . 193 . 193
.________________ ________________________ ________
. . . 193,988 289,864 . 483,852
. . . . . . .
BALANCES AT END OF YEAR
(excluding invested balances of trust
funds and capital accounts)		 . . (1,755,066) 1,001,837 (2,535,530) (3,288,759)

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 . .
. (ii) Wholly or partly for the benefit of the college . .
. . . .
(1,757,503) Capital account (excluding amount invested) . (1,755,066)
882,140 Reserves and special funds . 1,001,837
(2,131,839) Revenue account . (2,535,510)
(3,007,202) . . (3,288,759)
. . . .
. Represented by: . .
. ASSETS . .
1,389 Cash in hands of officers and servants 1,757 .
830,520 Balance with bankers . 1,704,825
. Deposits other than with bankers . .
. Investments (other than of trust funds and capital account)
NOTE: Market Value 		. .
. . . .
. Debtors and debit balances: . .
48,565 (i) Battels 27,515 .
. (ii) Rents . .
176,095(iii) Other 294,993 .
224,660 . . 322,508
. . . .
. Income tax recoverable . .
26,531 Stocks and stores . 18,621
. Furniture and Equipment . .
________..________
1,083,100 . . 2,047,711
. . . .
. LIABILITIES . .
90,082 Caution money 96,879 .
. Bank overdraft . .
1,920,000 Loans . .
1,225,676 Unexpended balances of grants for specific purposes 2,417,289 .
854,544 Other creditors and credit balances 2,822,302 .
4,090,302 . . 5,336,470
3,007,202 .. 3,288,759

Return to the File Index.

AUDITORS' CERTIFICATE

Report of the auditors to the Governing Body of St Antony'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.

Everett & Son
CHARTERD ACCOUNTANTS AND REGISTERED AUDITORS
35 Paul Street, London EC2A 4UQ

20th November 2002

CLICK FOR:

THE TOP OF THIS FILE

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

THE LATEST ST ANTONY'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 ANTONY'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