The Record 2009 - Keble College - University of Oxford

Keble College: The Record 2009
revised application will receive planning consent in early 2010.
The additional cost during the year of this extended planning
process was £219k.
Investment performance
Reserves
Outlook
The value of the endowment at the start of the year was
£23.2mn. The College continued during the year to diversify
out of long-only UK equities, following a strategy adopted in
2006. Despite this, the portfolio was not immune from the
financial turbulence that affected all major markets: for the year
as a whole the portfolio recorded a total return of -1.6%. At
year-end, after the £707k transfer to income and expenditure
and the addition of endowment gifts, the endowment stood at
£22.6mn.
At year-end the College’s reserves amounted to £21.3mn of
which £20.6mn was attributable to tangible fixed assets and
£641k to the general reserve.
The College continues both to live within its means and to
sustain a strong academic culture. It has also made great
progress in its plans for the future. With the 150 th anniversary
just ten years away a 2020 Campaign Board has been
established with ambitious targets both for the funding of
its academic ambitions and the completion of the Acland
redevelopment. The development office now has a team of
six and, in the first six months of what will be a long and
challenging campaign, attracted over £5mn in pledges.
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