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|Trustees|WJMarshall(Chair)|
|---|---|
||CABooy|
||GECamm|
||JSLaycock|
||SAMoore|
||KJMorgan|
||SGWest|
||MJHagen|
||RJSHolmes|
||SBMills|
||POlomolaiye(appointed16October2023)|
|CompanyRegisteredNumber|02991142|
|CharityRegisteredNumber|1050468|
|RegisteredOffice|FinanceDepartment|
||UniversityoftheWestofEngland|
||FrenchayCampus|
||Bristol|
||B5161QY|
|CompanySecretary|RHBroughton|
|Auditor|MazarsLLP|
||CharteredAccountants|
||90VictoriaStreet|
||Bristol|
||BSI6DP|
|Bankers|NatWestplc|
||72GloucesterRoad|
||Bishopston|
||Bristol|
||BS78BF|
||Handelsbankenplc|
||2540TheQuadrant|
||AztecWest|
||Bristol|
||BS324AQ|





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|||31August|31August|31August|31August|
|---|---|---|---|---|---|
||Note|2023|2023|2023|2022|
|||£000|£000|f000|£000|
|||[12months]|[12months]|[12months]|[12months]|
|Income||Restricted|Unrestricted|Total|Total|
|Incomefromcharitableactivities||||||
|Rentreceivable|8||439|439|439|
|InVestmentincome|9|4|831|835|373|
|OtherIncome|||||6,202|
|||4|1,270|1,274|7,014|
|Expenditure||||||
|Costofraisingfunds||||||
|Investmentproperties|||15|15|20|
|Trading|||30|30|8|
|Expenditureoncharitableactivities||||||
|Charitableactivitiesundertakendirectly|10||696|696|1,327|
|Grantfundingofcharitableactivities|10|12|338|350|786|
|||12|1,079|1,091|2,141|
|NetIncomefortheYear||(8)|191|183|4,873|
|Revaluationofinvestmentproperties|||(19)|(19)|153|
|NetMovementofFunds||(8)|172|164|5,026|
|Fundsbroughtforwardat01September2022|18|135|40,767|40,902|35,876|
|FundsCarriedForwardat31August2023|18|127|40,939|41,066|40,902|





## 

|||Group||Foundation|Foundation|
|---|---|---|---|---|---|
||Note|2023|2022|2023|2022|
|||£000|£000|£000|£000|
|||[31August]|[31August]|[31August]|[31August]|
|FixedAssets||||||
|Investmentproperty|12|3,754|3,773|3,640|3,650|
|SocialinvestmentProperty|13|17,220|17,836|17,220|17,836|
|Totalfixedassets||20,974|21,609|20,860|21,486|
|CurrentAssets||||||
|Debtors|15|438|6,395|438|297|
|Shorttermdeposits||18,991|12,426|18,252|11,604|
|Cashatbank||939|784|836|654|
|Totalcurrentassets||20,368|19,605|19,526|12,555|
|CurrentLiabilities||||||
|Creditors:<br>Amountsfalling||||||
|duewithinoneyear|16|(276)|(312)|(275)|(312)|
|NetCurrentAssets||20,092|19,293|19,251|12,243|
|TotalAssetsless||||||
|CurrentLiabilities||41,066|40,902|40,111|33,729|
|NetAssets||41,066|40,902|40,111|33,729|
|FundsoftheFoundation||||||
|Restrictedfunds|18|127|135|127|135|
|Unrestrictedfunds|18|40,939|40,767|39,984|33,594|
|TotalFunds||41,066|40,902|40,111|33,729|





## 

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||||||
|---|---|---|---|---|
|ConsolidatedCashFlowStatement|||forthe12months|ended31August2023|
||||31August|31August|
||Note||2023|2022|
||||£000|£000|
||||[12months]|[12months]|
|Netcashinflow/(outflow)fromoperatingactivities|23||6,208|(41)|
|Investingactivities|||||
|Returnsoninvestmentsandservicingoffinance|||||
|Interestreceived|9|512||77|
|Netcashinflowfrominvestingactivities|||512|77|
|Increaseincashandcashequivalents|||6,720|36|
|Cashorcashequivalentsbroughtforward|||13,210|13,174|
|Cashorcashequivalentscarriedforward|||19,930|13,210|





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## 

|Summaryprofitandlossaccount|2023|2022|
|---|---|---|
||£000|£000|
||[12months]|[12months]|
|Income|1,256|810|
||1,256|810|
|Expenditureoncharitableactivities|(1,061)|(2,134)|
|NetExpenditure|195|(1,324)|
|Revaluationofinvestmentproperty|(10)|120|
|Netmovementoffunds|185|(1,204)|
|Totalfundsbroughtforward|33,729|34,855|
|Giftaidfromsubsidiary|6,197|78|
|Totalfundscarriedforward|40,111|33,729|



## 

|Summaryprofitandlossaccount|2023|2022|
|---|---|---|
||£000|£000|
||`(12months]`|(12months]|
|Interestreceivable|18|3|
|Otherincome||6,202|
|Netincome|18|6,205|
|Otherexpenditure|(30)|(8)|
|Revaluationofinvestmentproperty|(9)|33|
|(Loss)/Profitfortheperiod|(21)|6,230|





## 

## 

## 

|Summarybalancesheet|2023|2022|
|---|---|---|
||£000|£000|
||[31August]|[31August]|
|CurrentAssets|956|7,173|
|CurrentLiabilities|(1)||
|Totalnetassets|955|7,173|
|Aggregatesharecapitalandreserves|955|7,173|



|8|IncomingResourcesfromCharitableActivities|2023||2022|
|---|---|---|---|---|
|||£000||£000|
|||[12months]|.|[12months]|
||RentreceivablefromlandandbuildingslettoUniversityoftheWestofEngland|439||439|
|9|InvestmentIncome|2023||2022|
|||£000||£000|
|||[12months]||[12months]|
||Bankinterestreceivableondeposits|512||77|
||Rentreceivablefromlandandbuildings|323||296|
|||835||373|





## 

||||
|---|---|---|
|otestotheFinancialStatements(continued)|YearEnded31August2023||
|10AnalysisofExpenditureonCharitableActivities|2023|2022|
||£000|£000|
||[12months]|`[12months]`|
|CharitableActivitiesUndertakenDirectly|||
|CostsrelatingtolandandbuildingsleasedtotheUniversityoftheWestofEngland|||
|Operatingleaserentals|35|35|
|Depreciation|616|1,249|
||651|1,284|
|Supportandgovernancecosts|45|43|
||696|1,327|
|GrantFundingofCharitableActivities|||
|GrantstotheUniversityoftheWestofEnglandtofurtheritssupportof|||
|Memorialbursary&othersupport|22|16|
|Wallscourtscholarships|15|14|
|WallscourtProfessor&Fellowships|311|754|
||348|784|
|Supportandgovernancecosts|2|2|
||350|786|



||financialactivitiesonpage11.Thecostshavebeenapportionedbetwe<br>activitiesonthebasisofanestimateofthetimeandresourcesspent.|enthecharitableandthegrantfunding||
|---|---|---|---|
|||2023|2022|
|11|AnalysisofSupportandGovernanceCosts|£000|£000|
||Managementcharge(seenote7)|33|33|
||Governancecosts|6|5|
||Auditfees|8|7|
|||47|45|
||Apportioned|||
||Charitableactivitiesundertakendirectly|45|43|
||Grantfundingoncharitableactivities|2|2|
|||47|45|



## 



## 

|12|InvestmentProperty|Group||Foundation||
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||£000|£000|£000|£000|
|||[31August]|[31August)|[31August]|[31August]|
||HistoricalCost|||||
||Asat31August|4,860|4,860|4,770|4,770|
|||4,860|4,860|4,770|4,770|
||Valuation|||||
||Balanceat01September|3,773|3,620|3,650|3,530|
||Revaluationofproperty|(19)|153|(10)|120|
||Balanceat31August|3,754|3,773|3,640|3,650|
|13|SocialInvestmentProperty|Group||Foundation||
|||2023|2022|2023|2022|
|||£000|£000|£000|£000|
|||[31August]|[31August]|[31August]|[31August)|
||Cost|||||
||Asat01Septemberand31August|20,919|20,919|20,919|20,919|
||Depreciation|||||
||Asat01September|3,083|1,834|3,083|1,834|
||Chargefortheperiod|616|1,249|616|1,249|
||Asat31August|3,699|3,083|3,699|3,083|
||NetBookValue|||||
||Asat31August|17,220|17,836|17,220|17,836|





## 

|15|Debtors|Group||Foundation||
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||£000|f000|£000|£000|
|||[31August]|[31August]|[31August]|[31August]|
||Prepaymentsandaccruedincome|215|75|215|74|
||Debtors|223|6,320|223|223|
|||438|6,395|438|297|
||Therearenolongtermdebtors|||||



|||Group||||Foundation|||
|---|---|---|---|---|---|---|---|---|
|||2023||2022||2023||2022|
|||£000||£000||£000||£000|
||[31|August]|[31|August]|[31|August]|[31|August]|
|Accruals||9||47||8||47|
|Deferredincome||237||237||237||237|
|VAT||29||28||29||28|
|||276||312||275||312|



||Group|Foundation|
|---|---|---|
||£000|£000|
|Balanceat01September2022|237|237|
|Amountreleasedintheyear|(237)|(237)|
|Amountdeferredintheyear|237|237|
|Balanceasat31August2023|237|237|





## 

|18|Reserves|Balance||||||Balance|
|---|---|---|---|---|---|---|---|---|
|||01-Sep-21|Income||Expenditure|Revaluation|Transfers|31-Aug-22|
||Unrestrictedfunds|£000|£000||£000|£000|£000|£000|
||Generalfunds(foundation)|9,631|808||(2,127)|<br>-|3,199|11,511|
||Subsidiaryfunds|1,021|6,205||(8)||(45)|7,173|
||Designatedfunds||||||||
||Grantreserve|2,379|||||(1,905)|474|
||SocialInvestmentPropertyreserve|19,085||||-|(1,249)|17,836|
||InvestmentPropertyreserve|3,620||||153||3,773|
||Totalunrestrictedfunds|35,736|7,013|.|<br>(2,135)|<br>153||40,767|
||Restrictedfunds||||||||
||JohnHullahTrustfund|140|1||(6)|||135|
||Totalrestrictedfunds|140|1||(6)|||135|
||Totalfunds|35,876|7,014||(2,141)|<br>153||40,902|
|||Balance||||||Balance|
|||01-Sep-22|Income||Expenditure|Revaluation|Transfers|31-Aug-23|
||Unrestrictedfunds|£000|£000||f000|£000|£000|£000|
||Generalfunds(foundation)|11,511|1,252||(1,049)||5,149|16,863|
||Subsidiaryfunds|7,173|18||(30)||(6,206)|955|
||Designatedfunds||||||||
||Grantreserve|474|||||1,673|2,147|
||SocialInvestmentPropertyreserve|17,836|||||(616)|17,220|
||InvestmentPropertyreserve|3,773||||(19)||3,754|
||Totalunrestrictedfunds|40,767|1,270||(1,079)|<br>(19)||40,939|
||Restrictedfunds||||||||
||JohnHullahTrustfund|135|4||(12)|||127|
||Totalrestrictedfunds|135|4||(12)|||127|
||Totalfunds|40,902|1,274||(1,091)|<br>(19)||41,066|





## 

|||Undesignated|||||
|---|---|---|---|---|---|---|
|||Reserve|Property|Grant|Restricted|Total|
||31.08.2022|£'000|£'000|£'000|£'000|£'000|
||SocialInvestmentproperty||17,836|||17,836|
||InvestmentProperty||3,773|||3,773|
||Cashatbank|12,601||474|135|13,210|
||OtherNetCurrentAssets|6,083||||6,083|
||Total|18,684|21,609|474|135|40,902|
|||Undesignated|||||
|||Reserve|Property|Grant|Restricted|Total|
||31.08.2023|£'000|£'000|£'000|£'000|£'000|
||SocialInvestmentproperty||17,220|||17,220|
||InvestmentProperty||3,754|||3,754|
||Cashatbank|17,656||2,147|127|19,930|
||OtherNetCurrentAssets|162||||162|
||Total|17,818|20,974|2,147|127|41,066|
|20|FinancialInstruments||||||
||||||2023|2022|
||||||£000|£000|
||Financialassetsmeasuredatamortisedcost||||20,368|19,605|
||Financialliabilitiesmeasuredatamortisedcost||||(276)|(312)|
|21|OtherFinancialCommitments||||2023|2022|
||||||£000|£000|
||Operatingleases||||||
||Due:Withinoneyear||||39|39|
||Betweenoneandfive|years|||59|83|
||Afterfiveyears||||1,673|1,687|
||||||1,771|1,809|





## 

|||Group||Foundation|Foundation|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||£000|£000|£000|£000|
|||[12months]|[12months]|[12months]|[12months]|
||TransactionswiththeUniversity|||||
||Rentreceivable|439|439|439|439|
||Operatingleaserentals|(35)|(35)|(35)|(35)|
||Grantspayable|(336)|(778)|(336)|(778)|
||Managementservices|(33)|(33)|(33)|(33)|
|||36|(407)|36|(407)|
|||2023|2022|2023|2022|
|||£000|£000|£000|£000|
|||[31August]|[31August)|[31August]|[31August]|
||Balancesat31August|||||
||Debtor|130|130|130|130|
||Accruals||(40)||(40)|
|||130|90|130|90|
|23|ReconciliationofSurplus/(Loss)fortheyeartoNet|OperatingCashFlows||2023|2022|
|||||£000|£000|
|||||[31August]|[31August)|
||Netincomefortheyear|||183|4,873|
||Lessinterestreceived|||(512)|(77)|
||AddDepreciation|||616|1,249|
||Decrease/(increase)indebtors|||5,957|(6,072)|
||(Decrease)increditorsfallingduewithinoneyear|||(36)|(14)|
||NetOperatingCashFlows|||6,208|(41)|