The Record 2009 - Keble College - University of Oxford

The Life of the College
who has assisted in the Chapel for the past three years and as
Assistant Chaplain in the past year. She will take up her new
teaching post at Ripon College Cuddesdon over the summer.
Roger Boden, Bursar, writes:
Operating results
Fundraising
Capital projects
Financial Review
The College recorded a surplus for the year of £14k. The
operating deficit arising from the College’s core activities — the
difference between what we earn from teaching, research, board
and lodging and what we spend on salaries, supplies and the
upkeep of our buildings — was £1.2mn. Viewed against core
activity expenditure of £6.5mn this is a measure of the subsidy
the College and its benefactors are providing in pursuit of its
objects. Funding for the deficit comes from endowment return
and conference surpluses. The endowment contributed £707k
and conferences £977k net of all costs.
Donations during the year totalled £1.4mn. Of this £624k was
given for the endowment, £544k for capital projects and £245k
in support of current activities, including a major gift to fund
the expansion of development activities.
The College invested £1.4mn in capital projects during the year.
The largest project, accounting for £799k, was phase 2 of the
renovation of the Victorian rooms and corridors. This involved
the renewal of all plumbing, electrical and other services in the
northern half of the west side of Liddon Quad, and the complete
refurbishment of three corridors, twenty-five study-bedrooms
and bathrooms and two fellows’ sets.
Over the Christmas vacation the central section of the Hall
floor tiling was replaced at a cost of £81k. The College has a
contract for the supply of enough tiles to continue this work
in other areas as needed. Towards the end of the year we
embarked on another long-wished-for project, the installation
of a new pipe organ in the Chapel. Enabling works have begun
and the new organ should be commissioned in time for a
celebration on St Mark’s Day 2011. Both these initiatives were
made possible by the very generous support of Old Members.
A planning application for the redevelopment of the Acland site
was submitted early in 2009 but consideration of it by Oxford
City Council was postponed to allow more time for resolution
of issues relating to the listed building in the centre of the
site and for an archaeological survey. We are hopeful that a
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