2018-06-14T10:00:06-07:00 2017-07-31 990 2016-08-01 986001062 The Chancellor Master & Scholars of the University of Oxford CHAN Wellington Square Oxford Oxfordshire UK OX1 2JD Giles Kerr Director of Finance 1865270151 2018-06-14 129.67.189.16 2016 2018-06-14 16:35:46Z Oxford University Mr Giles Kerr University of Oxford Wellington Square Oxford Oxfordshire UK OX1 2JD 2353010685 0 X www.ox.ac.uk X 1096 UK The principal objects of the University are the advancement of learning by teaching and research and its dissemination by every means. 25 3 845 2637928 732310 881009553 848232317 1469362402 1425320595 4623829 15459518 36759225 56154467 2391755009 2345166897 113801627 106728336 0 0 1245852941 1183653098 88619 95413 12347052 1009574752 957491458 2369317939 2247968305 22437070 97198592 6996946516 6817491408 1908578553 1879969658 5088367963 4937521750 The principal objects of the University are the advancement of learning by teaching and research and its dissemination by every means. The University of Oxford aims to lead the world in research and education. We seek to do this in ways which benefit society on a national and a global scale. Currently the University has two overarching priorities for development: * To develop the University's position as a global forum for intellectual engagement, through the proactive communication of ideas generated at Oxford and through openness to new ideas generated elsewhere. *To build on Oxford's multiple disciplinary strengths and enable collaborations in new and developing areas. 0 0 2047336440 106728336 1425320595 More than 23,000 students, from a diverse range of backgrounds and nationalities, benefit from Oxford's resources. This includes 11,728 undergraduates and 10,941 postgraduates. The scale of research activity at Oxford is substantial, involving more than 70 departments, the colleges, over 1,800 academic staff, more than 5,000 research and research support staff, and over 5,900 postgraduate research students. There are currently 4,582 active research awards worth £2.8bn. According to the 2014 Research Excellence Framework, the official UK-wide assessment of all university research, Oxford has the largest volume of world-leading research in the country. The University is also rated top in the REF power rankings published by Research Fortnight. Oxford is ranked first in the world in the Times Higher Education (THE) World University Rankings 2017-2018, and for the seventh year running, ranked first in the world for Clinical, Pre-Clinical and Health subjects. It is also ranked first in the world for Social Sciences; third in the world and first in the UK for Computer Science, for Engineering and Technology, for Education, and for Business and Economics; third in the world and second in the UK for Life Sciences; fourth in the world and first in the UK for Arts and Humanities; and sixth in the world and second in the UK for Law. Oxford is ranked first in the world in Arts and Humanities in the QS World University Rankings by Subject 2017. It ranks third for Life Sciences and Social Sciences, fifth for Natural Sciences, and ninth for Engineering and Technology. Oxford is ranked sixth in the world in the QS World Rankings (2017) and seventh in the world in the Academic Ranking of World Universities compiled by Shanghai Jiaotong University (2017). Oxford is ranked second in the UK by The Sunday Times (2017), The Guardian (2017) and The Complete University Guide (2017). The excellence of Oxford's academic community is evidenced by the inclusion of 80 Fellows of the Royal Society and 100 Fellows of the British Academy. In 2017, two Oxford professors were elected to the Fellowship of the Academy of Social Sciences, three were elected to the Fellowship of the Academy of Medical Sciences, four were elected to the Fellowship of the Royal Academy of Engineering, six were elected to the Fellowship of the Royal Society, and eight were elected to the Fellowship of the British Academy. Oxford University Press (OUP) is a department of the University of Oxford. It furthers the University's objective of excellence in research, scholarship, and education through publishing worldwide. With 6,000 staff across 52 offices, OUP is the world's largest university press with the widest global presence. OUP publishes thousands of new titles each year in its core markets of research, education and the learning of English. Its strategy is to deliver first-rate materials and services across the world, making the most of the opportunities afforded by digital technology, and with a focus on growth in emerging markets. Everything OUP does helps to change people's lives through education, whether through primary and secondary school education texts, English language teaching (ELT) resources, children's fiction, university textbooks, scholarly monographs and journals, or dictionaries. Last year, OUP published over 15,000 titles in both digital and print. These titles were published in 102 languages, and sold in 190 countries across the world. OUP also has a firm commitment to improving the learning experience and educational excellence by developing teachers. Last year, over 350,000 teachers attended its professional development events. For more information on program service accomplishments, news and events, visit: www.ox.ac.uk/news. 0 0 0 2047336440 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 0 1 1 1 1 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 10007 0 845 1 1 1 1 AS BE BU CA CI EZ FR HU IN LO PE PK RI RS UK UP VM 0 0 0 0 X 25 3 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 X X Mr Giles Kerr 1865616131 Wellington Square Oxford Oxfordshire UK OX1 2JD Professor L Richardson University of Oxford, Vice-Chancellor 50 X X 469764 0 0 Professor EG McKendrick University of Oxford, Registrar 50 X X 273751 0 0 Mr G Kerr University of Oxford, Director of Finance 50 X 298539 0 0 Mr A Mellor OUP Managing Director-Asia Education 50 X 956231 0 0 Mr N Portwood OUP - Chief Executive/Secretary to the Delegates 50 X 907271 0 0 Mr G Spackman OUP Group Finance Director 50 X 508473 0 0 Peter Marshall Managing Director - ELT 50 X 486886 0 0 Professor P Tufano Dean of Said Business School 50 X 597609 0 0 4498524 0 0 1073 0 1 0 Mace Ltd 155 Moorgate London UK EC2M 6XB Construction/ Building Services 33369723 E W Beard 201 Cumnor Hill Oxford UK OX2 9PJ Construction/ Building Services 22957055 ISG Plc Aldgate House 33 Aldgate High Street London UK EC3N 1AG Construction/Building Services 12103002 Dell Corporation Limited Dell House The Boulevard Cain Road Bracknell Berkshire UK RD12 1LF Information Technology 8034472 Life Technologies Life Technologies Ltd 3 Fountain Drive Inchinnan Business Park Paisley UK Life Sciences 7894973 991 0 0 0 13696777 669090287 165445253 4241401 848232317 Education and Research 611310 1365293710 1362655782 2637928 0 60026885 60026885 0 0 1425320595 15459518 0 0 15459518 0 0 0 0 2280177 2280177 0 0 26480762 0 7387867 0 19092895 0 19092895 0 0 19092895 0 0 0 1968043 455921 1512122 1512122 0 0 Revaluation of properties 900099 22338890 22338890 0 0 Exchange reserve 900099 10930383 10930383 0 0 0 0 0 0 33269273 2345166897 1459744239 2637928 34552413 0 0 0 0 106728336 106728336 0 0 4498524 2549199 1949325 0 0 0 0 0 940206938 849250673 83586208 7370057 137931244 123759833 12980778 1190633 13038969 12304286 734683 0 87977423 78688558 8557072 731793 904216 904216 0 0 8526757 3351886 5112463 62408 1446600 939147 498146 9307 0 0 0 0 95413 95413 0 0 0 0 110506986 54225530 55834513 446943 32378139 31028079 594790 755270 202038927 235526641 -33776548 288834 96968107 71549913 24889449 528745 939877 722002 215606 2269 111363413 111058134 303566 1713 62887912 59648539 2888009 351364 22423 22423 0 0 26989669 27004650 -60994 46013 13694870 574542 13120328 0 101139608 96865489 4217374 56745 182846166 149909453 32936713 0 4272029 2862761 1413766 -4498 Commissions 7249098 1270199 5928540 50359 Staff Training 3058006 2494545 486794 76667 Dues and subscriptions 2923153 1953029 903751 66373 -12664498 22144377 -35029519 220644 2247968305 2047336440 188284813 12347052 0 567525873 727229977 230942356 210583694 450524684 441447100 0 0 0 0 0 0 118647784 105441314 22667042 23611773 3079719601 792444527 2481424662 2287275074 1109773259 1519710958 1295065690 1005882389 49152305 121900897 108886187 100998063 562336674 273410169 6996946516 6817491408 517003813 553883241 350097672 371707239 158052980 96491776 0 0 0 0 0 0 0 0 341317215 272231282 542106873 585656120 1908578553 1879969658 X 0 0 0 0 5088367963 4937521750 5088367963 4937521750 6996946516 6817491408 X 97198592 280846442 0 0 0 -528891247 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4241401 112513624 0 0 X X X X 0 1112661555 45091688 96241595 11167420 24665446 4038656 1214123316 1127805445 55650742 95264905 14028140 22042375 4972765 1237677812 1004029025 124574630 128141205 13705818 30643445 8001747 1204393850 1049805465 35234320 51190408 13892899 32127612 7767595 1082442087 838178379 60735949 118018094 10225075 28762136 7650692 970294519 0 0.825 0.175 1 1 1 0 111285354 111285354 619940424 2015922547 626697865 2009165106 0 39643227 12964599 26678628 0 204115701 111910988 92204713 0 88812348 40871075 47941273 2287275074 Non-directional 767423445 F Private Equity 123547280 F Unquoted spinout companies 114911664 F 1005882389 Pension deficit 282617981 Amounts due to subsidiaries 259761798 Provision for liabilities and charges 34208764 Other long term liabilities 9067577 585656120 Schedule D, Part III, Line 4 The University of Oxford collections relate to museums, libraries and other collections. The University objectives are to make the collections a focus for research, teaching, and collection-based scholarship within the University. The collections are used as a research resource for a wide range of scholarly users, a facility for interaction between the University and the public and an active contributor to the region's cultural development. The tens of millions of objects in the University's collections provide a resource of international importance for scholars and the public. The University's gardens, libraries and museums offer extensive programmes of public events, including talks, tours and family-friendly activities. Earlier this year the Mindgrowing campaign was launched, a major programme to encourage people to explore the many wonders of Oxford's collections, with a particular focus on encouraging access by local families. In February 2017, a cross-collections trail, Out in Oxford, was launched to celebrate diversity and LGBTQ+ History Month. The Sensing Culture project has seen the community outreach team work with the RNIB to develop new tools and services to support blind and partially sighted people to engage with the collections. The gardens, libraries and museums host a wide range of exhibitions each year. In 2016/17, highlights included 'Power and Protection' at the Ashmolean, the first major exhibition to explore the supernatural in Islamic art; 'Back from the Dead' at the Museum of the History of Science, celebrating the 75th anniversary of the first human trials of penicillin, conducted in Oxford; 'Identity without Borders' at the Pitt Rivers, co-curated by refugees to share stories from their home countries; and 'Raphael: the drawings' featuring original research from the Ashmolean and the University of Kent. The collections also work closely with the academic divisions to give insights into the latest research and scholarship. The Brain Diaries exhibition at the Museum of Natural History was developed in partnership with Oxford Neuroscience. It charts the fascinating changes that take place in the brain with each new chapter of life and features specimens from the museum's collections. The hugely successful Super Science Saturday events at the Museum of Natural History and late-night Live Fridays at the Ashmolean Museum continued, including Science Behind the Headlines, LinguaMania produced with the Creative Multilingualism programme, and FRIGHTFriday developed with The Oxford Research Centre in the Humanities, which was also the finale for the national 2016 Being Human Festival. Schedule D, Part V, Line 4 The University has significant numbers of individual endowments to be used for specified purposes within the remit of University activities. To ensure that endowment gifts provide the greatest benefit possible and where appropriate to ensure that their charitable benefit is maintained in perpetuity the University invests unspent endowment reserves and capital in a mixture of investment vehicles. Endowment reserves fall into the following categories: * General academic * Academic posts * Scholarship funds * Support for libraries and museums * Societies * Prize funds 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 A racially discriminatory policy would be illegal within the UK so it would be unusual for the University to make such a statement. However, the University's undergraduate and postgraduate admissions websites and prospectuses make it clear that admissions decisions are taken within the framework of the University's Equality Policy and the Equality Act 2010, and specifically that "Decisions on the admission of students will be based solely on the individual merits of each candidate". Schedule E, Part I, Line 6 Oxford University receives various forms of grants and aid from U.K government agencies including via the Higher Education Council for England (HEFCE). Research funding is received from a variety of US governmental agencies. During the academic year to July 2017, this totalled $9,700,928. National Institutes of Health $5,364,945 Intelligence Advanced Research Projects Activity $821,761 United States Air Force $739,962 United States Agency for International Development $505,554 Defence Advanced Research Projects Agency $372,033 European Office Aerospace Research & Development $328,389 United States Army $298,927 Air Force Research Laboratory $226,278 United States Department of Energy $205,246 Office of Naval Research $147,392 US Navy Region Centre Singapore $120,069 Armed Forces Research Institute of Medical Sciences $101,864 US Department of Defence $94,318 United States Geological Survey $92,477 Air Force Office of Scientific Research $67,061 National Science Foundation $65,876 US Defence Threat Reduction Agency $64,551 Institute of Museum and Library Services $43,872 National Institute of Food and Agriculture $30,460 US Department of Commerce $9,892 1 East Asia and the Pacific 2 458 Program Services Education and research 30287239 Europe (including Iceland and Greenland) 1 14437 Program Services Education and Research 2081362676 North America (including Canada and Mexico, but not the United States) 2 759 Program Services Education and Research 161158539 South Asia 2 1099 Program Services Education and Research 93595676 7 16753 2366404130 Europe (including Iceland and Greenland) Research and Education 1319000 Wire transfer Europe (including Iceland and Greenland) Research and Education 932533 Wire transfer Europe (including Iceland and Greenland) Research and Education 527600 Wire transfer Europe (including Iceland and Greenland) Research and Education 95081 Wire transfer Europe (including Iceland and Greenland) Research and Education 87884 Wire transfer Europe (including Iceland and Greenland) Research and Education 71865 Wire transfer Europe (including Iceland and Greenland) Research and Education 67414 Wire transfer Europe (including Iceland and Greenland) Research and Education 58806 Wire transfer Europe (including Iceland and Greenland) Research and Education 54316 Wire transfer Europe (including Iceland and Greenland) Research and Education 46165 Wire transfer Europe (including Iceland and Greenland) Research and Education 35558 Wire transfer Europe (including Iceland and Greenland) Research and Education 32975 Wire transfer Europe (including Iceland and Greenland) Research and Education 32975 Wire transfer Europe (including Iceland and Greenland) Research and Education 21685 Wire transfer Europe (including Iceland and Greenland) Research and Education 18466 Wire transfer Europe (including Iceland and Greenland) Research and Education 17838 Wire transfer Europe (including Iceland and Greenland) Research and Education 16245 Wire transfer Europe (including Iceland and Greenland) Research and Education 15945 Wire transfer Europe (including Iceland and Greenland) Research and Education 15511 Wire transfer Europe (including Iceland and Greenland) Research and Education 14653 Wire transfer Europe (including Iceland and Greenland) Research and Education 14432 Wire transfer Europe (including Iceland and Greenland) Research and Education 14334 Wire transfer Europe (including Iceland and Greenland) Research and Education 14130 Wire transfer Europe (including Iceland and Greenland) Research and Education 14034 Wire transfer Europe (including Iceland and Greenland) Research and Education 14016 Wire transfer Europe (including Iceland and Greenland) Research and Education 13190 Wire transfer Europe (including Iceland and Greenland) Research and Education 13190 Wire transfer Europe (including Iceland and Greenland) Research and Education 12531 Wire transfer Europe (including Iceland and Greenland) Research and Education 12104 Wire transfer Europe (including Iceland and Greenland) Research and Education 11786 Wire transfer Europe (including Iceland and Greenland) Research and Education 11467 Wire transfer Europe (including Iceland and Greenland) Research and Education 11080 Wire transfer Europe (including Iceland and Greenland) Research and Education 10830 Wire transfer Europe (including Iceland and Greenland) Research and Education 10552 Wire transfer Europe (including Iceland and Greenland) Research and Education 10193 Wire transfer Europe (including Iceland and Greenland) Research and Education 10193 Wire transfer Europe (including Iceland and Greenland) Research and Education 10193 Wire transfer Europe (including Iceland and Greenland) Research and Education 9576 Wire transfer Europe (including Iceland and Greenland) Research and Education 9556 Wire transfer Europe (including Iceland and Greenland) Research and Education 9556 Wire transfer Europe (including Iceland and Greenland) Research and Education 9556 Wire transfer Europe (including Iceland and Greenland) Research and Education 9357 Wire transfer Europe (including Iceland and Greenland) Research and Education 9238 Wire transfer Europe (including Iceland and Greenland) Research and Education 9180 Wire transfer Europe (including Iceland and Greenland) Research and Education 8919 Wire transfer Europe (including Iceland and Greenland) Research and Education 8178 Wire transfer Europe (including Iceland and Greenland) Research and Education 8110 Wire transfer Europe (including Iceland and Greenland) Research and Education 7731 Wire transfer Europe (including Iceland and Greenland) Research and Education 7568 Wire transfer Europe (including Iceland and Greenland) Research and Education 7091 Wire transfer Europe (including Iceland and Greenland) Research and Education 7091 Wire transfer Europe (including Iceland and Greenland) Research and Education 7091 Wire transfer Europe (including Iceland and Greenland) Research and Education 7008 Wire transfer Europe (including Iceland and Greenland) Research and Education 7008 Wire transfer Europe (including Iceland and Greenland) Research and Education 6689 Wire transfer Europe (including Iceland and Greenland) Research and Education 6595 Wire transfer Europe (including Iceland and Greenland) Research and Education 6537 Wire transfer Europe (including Iceland and Greenland) Research and Education 6426 Wire transfer Europe (including Iceland and Greenland) Research and Education 6371 Wire transfer Europe (including Iceland and Greenland) Research and Education 6094 Wire transfer Europe (including Iceland and Greenland) Research and Education 5909 Wire transfer Europe (including Iceland and Greenland) Research and Education 5909 Wire transfer Europe (including Iceland and Greenland) Research and Education 5734 Wire transfer Europe (including Iceland and Greenland) Research and Education 5734 Wire transfer Europe (including Iceland and Greenland) Research and Education 5734 Wire transfer Europe (including Iceland and Greenland) Research and Education 5566 Wire transfer Europe (including Iceland and Greenland) Research and Education 5276 Wire transfer Europe (including Iceland and Greenland) Research and Education 5276 Wire transfer Europe (including Iceland and Greenland) Research and Education 5276 Wire transfer North America (including Canada and Mexico, but not the United States) Research and Education 5273 Wire transfer Europe (including Iceland and Greenland) Research and Education 5102 Wire transfer Europe (including Iceland and Greenland) Research and Education 5097 Wire transfer Europe (including Iceland and Greenland) Research and Education 5097 Wire transfer Europe (including Iceland and Greenland) Research and Education 5078 Wire transfer Middle East and North Africa Research and Education 5012 Wire transfer 59 19 Bursaries for lower-income families Europe (including Iceland and Greenland) 2290 8181394 BACS Industry-linked sponsorship bursaries Europe (including Iceland and Greenland) 91 310625 BACS Hardship funding/Dyslexia Europe (including Iceland and Greenland) 54 148508 BACS Study Abroad Scholarships Europe (including Iceland and Greenland) 102 174279 BACS Erasmus Grant for Students Europe (including Iceland and Greenland) 348 847107 BACS Hardship funding Europe (including Iceland and Greenland) 53 189936 BACS PG Scholarships Europe (including Iceland and Greenland) 1011 24002940 BACS Various grants, scholars Europe (including Iceland and Greenland) 2850 70304765 BACS 0 0 1 0 0 0 Schedule F, Part I, Line 2 Scholarships are granted to students enrolled for graduate study at the University of Oxford. The scholarships normally comprise of tuition fees, college fees and a maintenance grant. The University pays the tuition fees and college fees directly from its accounts through the Finance Division to the colleges, which ensures they are used for their intended purpose. The University pays the student's maintenance termly, and each student must collect the first payment in person (with identification). Each student is required to write a report at the end of their first term of study and at the end of each academic year. This report details their academic activities and progress, and extra-curricular activities in which they are involved. The maintenance grant is used by the students to help with living costs. The amount of this grant is a recommended amount calculated by a committee of bursars and is based on average costs of rent and living costs. X X X X X X 1 Susannah Forkun Tod House Wheatley Road Oxford UK OX33 1EH Fundraising consultancy 0 0 95413 -95413 0 95413 -95413 X X X 1 1 X X X X 0 0 0 1 0 0 0 0 0 Professor L Richardson University of Oxford, Vice-Chancellor 463766 0 0 0 5998 0 0 0 0 0 469764 0 0 0 Professor EG McKendrick University of Oxford, Registrar 273751 0 0 0 0 0 0 0 0 0 273751 0 0 0 Mr G Kerr University of Oxford, Director of Finance 294079 0 0 0 4460 0 0 0 0 0 298539 0 0 0 Mr A Mellor OUP Managing Director-Asia Education 402499 0 67632 0 486100 0 0 0 0 0 956231 0 0 0 Mr N Portwood OUP - Chief Executive/Secretary to the Delegates 776015 0 103467 0 27789 0 0 0 0 0 907271 0 0 0 Mr G Spackman OUP Group Finance Director 434785 0 56157 0 17531 0 0 0 0 0 508473 0 0 0 Peter Marshall Managing Director - ELT 427646 0 37111 0 22129 0 0 0 0 0 486886 0 0 0 Professor P Tufano Dean of Said Business School 509630 0 0 0 87979 0 0 0 0 0 597609 0 0 0 Schedule J, Part I, Line 1a The Vice Chancellor is provided with residence for personal use. The accommodation is provided for the better performance of the VC's duties and the employment is one of the kinds for which it is customary for employers to provide accommodation for the employee. The VC is also provided with first class travel to enable her to work while she is travelling. Schedule J, Part I, Line 5 Nigel Portwood, Adrian Mellor, Giles Spackman and Peter Marshall were paid bonuses dependent on achievement of OUP's Group and Divisional objectives, sales, surplus, and cash conversion. X 200 3867026 Appraisal X Archive of D Healy 60 99809 Appraisal X Ocean Liner Ephemera 500 43742 Appraisal X Brookings Institute Archive 200 39570 Appraisal X Other Archives 150 191255 Appraisal 0 1 0 Form 990, Part VI, Section A, Line 4 During the financial year 1 August 2016 to 31 July 2017, the University made the following changes to its statutes: Statute II: Membership of the University - to introduce arrangements for matriculation in absence. Statute VI: Council - to change the name of the research committee to the research and innovation committee. Statute XI: University Discipline - to reflect changes to statute XII (see below). Statute XII: Academic staff and the Visitatorial Board - to provide for a more proportionate and efficient means of managing employment of staff within the University. Statute XIV: Employment of academic and support staff by the University - to reflect changes to statute XII (see above) and to amend the coverage of the employer-justified retirement age and the age at which it is set. Statute XV: College contributions scheme and college accounts - amended to reflect the current declarations requirements of college auditors. All changes to statutes require the approval of Congregation. Regulations are amended on a regular basis and are too numerous to list here. Form 990, Part VI, Section B, Line 11b Once the University's financial statements have been signed off, a meeting is arranged with key finance/tax employees to identify changes to the previous year's Form 990, identify changes in applicable law, agree methodology for gathering information and agree a timetable for completion and review of the Form 990. After information has been gathered, figures are prepared and reconciled to the financial statements. A review is done at this stage by key tax/finance staff to ensure accuracy and all detail is captured. A meeting is held with the University's Director of Finance to discuss specific aspects of the Form 990. Prior to submission, a final review of the Form 990 is undertaken by key staff including the Director of Finance on behalf of Council (the University's governing body). Form 990, Part VI, Section B, Line 12c The University has a conflict of interest committee, the remit of which includes ensuring that there are appropriate systems in place to promote and monitor compliance with the University's policy on conflict of interest. Committee secretaries are asked to draw the conflict of interest policy to the attention of their members on an annual basis and to remind committee members at each meeting of the requirement to declare any conflicts or potential conflicts. The University's internal auditors have undertaken a review of the University's conflict of interest policy and the processes in place to ensure compliance with the policy. The review concluded that the University has a clear policy and is committed to managing its conflicts and ensuring compliance. A number of recommendations were made to further embed arrangements for recognising and managing conflicts of interest, which are currently being implemented by the conflict of interest committee. Form 990, Part VI, Section B, Line 15 The University has a committee to review the salaries of senior University officers. The committee includes three members who are external to the University and two members who are not subject to arrangements with regard to their personal salary which are determined by any process involving an individual whose salary is covered by the remit of the committee. The committee makes recommendations to Council on the salaries on appointment of the Vice-Chancellor, the Registrar, and the Director of Finance; reviews the salaries of each of those office-holders with effect from the 1 October closest to two calendar years after the starting salaries were set for each office-holder; and reviews the salaries of each office-holder every two years thereafter. The committee is also responsible, on the recommendation of a panel of the personnel committee, for: * Determining the salaries on appointment of the Pro-Vice-Chancellors with special responsibility for designated functions and of the Heads of Divisions; * Reviewing the salaries of each of those office-holders with effect from the 1 October closest to two calendar years after the starting salaries were set for each office-holder; and * Reviewing the salaries of each office-holder every two years thereafter. In carrying out reviews the committee considers whether there have been any significant changes in the duties of, or any significant developments associated with, the offices concerned since the salaries of the holders of the offices were last determined; and ensures that the views of the officeholders concerned and the views of the officers to whom those officeholders are responsible have been solicited. Form 990, Part VI, Section C, Line 19 The University's governing documents can be found on the University website at https://www.admin.ox.ac.uk/statutes/. Financial statements are also available at https://www.ox.ac.uk/about/organisation/finance-and-funding?wssl=1. The University's conflict of interest policy, along with other ethical policies can be found at https://researchsupport.admin.ox.ac.uk/governance/integrity. Form 990, Part XI, Line 9 Net exchange rate (losses) - ($508,440,281). Other changes in net assets - ($20,450,966) Oxford Univ Dev (NA) Inc 500 Fifth Avenue 32nd Floor New York NY 10110 133497066 Fundraising NY 501(c)(3) 9 N/A 0 Oxford Endowment Fund King Charles House Park End Street Oxford Oxfordshire UK OX1 1JG 980680056 Funds Management UK 501(c)(3) 11a The Chancellor Master & Scholars of the University of Oxford 1 Instruct Academic Services Ltd University Offices Wellington Square Oxford UK OX1 2JD Scientific UK The Chancellor Master & Scholars of the University of Oxford C 0 1274154 1 1 Oxford University Innovation Limited (previously Isis Innovation) University Offices Wellington Square Oxford UK OX1 2JD Research UK The Chancellor Master & Scholars of the University of Oxford C 1506298 17426628 1 1 Oxford University Innovation (Hong Kong) Limited Level 12 Infinitus Plaza 199 Des Voeuz Road Central Sheung Wang Hong Kong HK Research HK Oxford University Innovation Limited C 254567 226868 1 1 Oxford Limited University Offices Wellington Square Oxford UK OX1 2JD Retail UK The Chancellor Master & Scholars of the University of Oxford C 203126 1423201 1 1 Oxford Mutual Limited University Offices Wellington Square Oxford UK OX1 2JD Insurance UK The Chancellor Master & Scholars of the University of Oxford C 58036 4274879 1 1 Oxford Said Business School Limited University Offices Wellington Square Oxford UK OX1 2JD Education UK The Chancellor Master & Scholars of the University of Oxford C 1530040 13211104 1 1 Oxford University (Beijing) Science & Technology Co Ltd 20th Floor Kerry Centre N Tower 1 Guanghua Road Chaoyand District Beijing CH Research CH The Chancellor Master & Scholars of the University of Oxford C 81593 1421840 1 1 Oxford University Endowment Management King Charles House Park End Street Oxford UK OX1 1JD Investment Management UK The Chancellor Master & Scholars of the University of Oxford C 3693200 15140801 1 1 Oxford University Fixed Assets Limited University Offices Wellington Square Oxford UK OX1 2JD Management UK The Chancellor Master & Scholars of the University of Oxford C 189936 11740419 1 1 Oxford University Trading Limited University Offices Wellington Square Oxford UK OX1 2JD Retail UK The Chancellor Master & Scholars of the University of Oxford C 5704675 16520475 1 1 Gray Laboratory Cancer Research Trust Gray Cancer Trust University Offices Wellington Square Oxford UK OX1 2JD Research UK The Chancellor Master & Scholars of the University of Oxford C 38251 1076304 1 1 University of Oxford China Office Suite 4018 Cosco Tower 181-183 Queens Road HK Fundraising HK The Chancellor Master & Scholars of the University of Oxford C 0 90647 1 1 Voltaire Foundation 99 Banbury Road Oxford UK OX2 6JX Publishing UK The Chancellor Master & Scholars of the University of Oxford C 11871 898920 1 1 Oxford University Innovation Centres University Offices Wellington Square Oxford UK OX1 2JD Research UK The Chancellor Master & Scholars of the University of Oxford C 0 0 1 1 Oxford Advanced Research Centres Limited University Offices Wellington Square Oxford UK OX1 2JD Research UK The Chancellor Master & Scholars of the University of Oxford C 0 134538 1 1 Oxford Research South Africa Limited University Offices Wellington Square Oxford UK OX1 2JD Research UK The Chancellor Master & Scholars of the University of Oxford C 0 38251 1 1 James Martin 21st Century (UK) Trust University Offices Wellington Square Oxford UK OX1 2JD Trust UK N/A T 1688436 91172414 1 0 OELT Ltd Great Clarendon Street Oxford UK OX2 6DP Publishing UK The Chancellor Master & Scholars of the University of Oxford C 208792 881724 1 1 Oxford Publishing Limited Great Clarendon Street Oxford UK OX2 6DP Publishing UK The Chancellor Master & Scholars of the University of Oxford C 22362326 69670899 1 1 Oxford Reference Limited Great Clarendon Street Oxford UK OX2 6DP Sale of online advertising UK The Chancellor Master & Scholars of the University of Oxford C 454947 846313 1 1 Oxford Information Limited Great Clarendon Street Oxford UK OX26DP Publishing UK The Chancellor Master & Scholars of the University of Oxford C 10001 18916 1 1 Oxuniprint Limited Great Clarendon Street Oxford UK OX2 6DP Publishing UK The Chancellor Master & Scholars of the University of Oxford C 242792 221591 1 1 Oxford University Press Espana Parque Empresarial San Fernando Edificio Atenas Esc A Planta 1a Madrid SP 28830 Publishing SP Oxford Publishing Ltd C 6704850 51018534 1 1 Oxford University Press Kabushiki Kaisha Tamachi Place 3F 4-17-5 Shiba Tokyo JA 108-8386 Publishing JA The Chancellor Master & Scholars of the University of Oxford C 709403 13872192 1 1 Oxford University Press (China) Ltd 18/F Warwick House East Taikoo Place 979 Kings Road Hong Kong HK Publishing HK The Chancellor Master & Scholars of the University of Oxford C 9931396 19920742 1 1 Oxford University Press (Shanghai) Ltd Suite 13 Tower E2 Oriental Plaza 1 East Chang An Avenue Beijing CH 100738 Services company CH OUP (China) Limited C 542827 4231253 1 1 Oxford University Press GmbH Lise Meitner Strasse 1 Berlin GM 1 0589 Services company GM Oxford Publishing Ltd C 0 6382653 1 1 Oxford University Press Mexico SA de CV Antonio Caso 142 Col San Rafael Del Cuauhtemoc Mexico City MX Publishing MX Oxford Publishing Limited C 2235610 16744737 1 1 Oxford University Press do Brasil Pub Lta Av Jaguare 818 Galpoes 30/31 cep 05346 000 Sao Paulo BR Publishing BR Oxford Publishing Limited C 5338055 19141168 1 1 Oxford University Press East Africa Limited Upper Hill Elgon Road PO Box 72532-00100 Nairobi KE Publishing KE Oxford Publishing Limited C 1524988 10789053 1 1 Oxford University Press Tanzania Limited Plot 149 Mikocheni B Old Bagamoyo Road Dar Es Salaam TZ Publishing TZ The Chancellor Master & Scholars of the University of Oxford C 0 1662144 1 1 Oxford University Press Southern Africa (Prop) Ltd Vasco Boulevard N1 City Goodwood Cape Town SF 7460 Publishing SF The Chancellor Master & Scholars of the University of Oxford C 5704349 25134285 0.75 1 Oxford University Press SA (Properties) Ltd Vasco Boulevard N1 City Goodwood Cape Town SF 7460 Publishing SF The Chancellor Master & Scholars of the University of Oxford C 136808 5037241 1 1 Oxford Yayincilik Ltd Neset Omer Sokak 4/4 34710 Kadikoy Istanbul TU Publishing TU Oxford Publishing Limited C 1713691 8856018 1 1 Oxford Fajar Sdn Berhad 4 Jalan Pemaju Seksyen U1 Hicom-Glenmarie Industrial Park Shah Alam Selangor Darul Eh MY 40150 Publishing MY OELT Ltd C 440199 7831900 0.7 1 Dentingan Kejayaan Sdn Bhd 4 Jalan Pemaju Hicom-Glenmarie Industrial Park Shah Alam Selangor Darul Eh MY 40150 Publishing MY The Chancellor Master & Scholars of the University of Oxford C 0 5947649 1 1 Epigeum Ltd 1 Kensington Cloisters 5 Kensington Church Street London UK W8 4LD Publishing UK The Chancellor Master and Scholars of the University of Oxford C 8209569 610937 1 1 Babla Alter Fischmarkt 5 20457 Hamburg GM Publishing GM Oxford University Press GmbH C 171930 682622 1 1 Oxford University Press (Singapore) PTE Limited 51 Goldhill Plaza 16-01 Novena SN 308900 Publishing SN Oxford Fajar Sdn Berhad C 31048 230729 1 1 0 1 1 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 Oxford Univ Dev (NA) Inc c 19254905 Donations received from Americans for Oxford as collected by Oxford Univ Dev (NA) Inc Schedule R, Part V, Line 1a Oxford University conducts its exempt program activities worldwide directly and through a number of controlled entities around the World. In conducting its exempt program activities it engages in frequent transactions with controlled entities on a daily basis. Transactions between non-US entities have not been disclosed. Oxford University does not maintain any controlled entities in the United States.