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|Message from the President||
|---|---|
|Trustees' report||
|This year's highlights||
|Delivering<br>on our aims|10|
|Looking ahead: what we will do in 2023/24|12|
|Where our income comes from and how it is spent||
|Operational<br>and governance<br>matters|19|
|Statement ofTrustees'<br>responsibilities|24|
|Independent<br>auditor's<br>report||
|Statement offinancial<br>activNes|31|
|Balance sheet|32|
|Statement ofcash flows||
|Notes to the financial statements||





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|||||London Metropolitan<br>University,<br>Uriiversity|London Metropolitan<br>University,<br>Uriiversity|of|West London,|West London,|
|---|---|---|---|---|---|---|---|---|
|'|Building ettectlve<br>parlnershlps<br>award||Group Grl|University<br>ofRoehampfon,<br>Kingston<br>University,<br>University<br>Hertfordshire.<br>University of Westminster,<br>and partnered||||of<br>with|
|||||University ofGreenwich|||||
||Strategic Innovation<br>award||Unifemps|University of Reading|||||
|'<br>, Supporting<br>student/<br>graduate<br>,'employability|||Symplicity|B'runel University|||||
||Sustalnabllily<br>impact||Handshake|~ University<br>of Exeter|||||
|,|Squalsy,<br>diversify and<br> Inclusivtty||Gradconsult|( BPP University|||||
||Outstanding<br>newcomer|||, Richard Allen, Leeds Beckett University|||||
|i|Stgniscant<br>corllllbutlon|||I Andy Morris, De Montfort<br>University|||||
||John Itoberts Memorial<br>President's<br>medal|Award|Stephen<br>Nash, Durham<br>University<br>~ Dr Nalayini Thambar,<br>Liz Wilkinson ond||Dr|Shone Johnston|||



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||Full member|||3,814||4,O72|4,564|
|---|---|---|---|---|---|---|---|
|,|Partner member|||206||244||
||||||1|||
||AfRliate subscriber|||65||56|4o|
||Student aRlllate subscriber|||5|||5|
||||i|||||
||ReNred aNltate subscriber|||84||84|83|
||||~|||||
||Total membership|body||4.174||4,461|4,939|





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||Represent|AGCAS member|AGCAS member|AGCAS member|expertbe|In wider|HE|In 2022/23, we represented<br>our member<br>views in UK|
|---|---|---|---|---|---|---|---|---|
||policy debates||and with external stakeholders|||||government<br>consultations,<br>presenting<br>to APPGs and|
|||||||||parliamentary<br>consultations.<br>AGCAS continued<br>to|
|||||||||represent<br>member<br>views with HESA regarding<br>Graduate|
|||||||||Outcomes<br>Survey.|
||Develop our research|||base|in support|ot our||,'AGCAS published<br>our UPP Foundotion<br>funded report|
||strategic|themes||||||'International<br>Graduate<br>Routes: Narratives<br>from the UK|
|||||||||job market'<br>in February 2023.We supported<br>NAGCAS|
|||||||||with their annual<br>survey ofAustralian<br>HE careers services|
|||||||||and undertook<br>several other research projects which|
|||||||||will be published<br>in autumn<br>2023.|
||Develop an enhanced<br>profile for AGCAS research<br>and knowledge<br>activity|||||||Our UPP Foundotion<br>funded report 'International<br>Graduate<br>Routes: Narratives<br>from the UK job market'|
|||||||||was endorsed<br>by Universities<br>UK International<br>(UUKi), the|
|||||||||UK Council for International<br>Student Affairs (UKCISA) and|
|||||||||the British Universities'<br>International<br>Liaison Association|
|||||||||(BUILA). Itattracted media coverage<br>in the Times Higher|
|||||||||Education, Wonkhe,<br>HEPI and Prospects Laminate.|
|||||||||UKCISA feotured the report in their annual<br>policy report|
|||||||||and our research was heavily cited in areport from the|
|||||||||All-Party<br>P'arliamentary<br>Group (APPG) for International|
|||||||||Students, after the AGCAS International<br>Task Group was|
|||||||||invited to contribute<br>evidence<br>in Parliament.|
||Increasing|the external||pronle of AGCAS and|||our|, We have grown our digital channels<br>substantially,<br>with|
|I|activities|through|Increased||media and social|||substantial<br>growth<br>in follower numbers,<br>reach and|
||media engagement|||||||engagements<br>across the X (formerly<br>Twitter) and|
|||||||||Unkedln<br>social media platforms.<br>This approach<br>has|
|||||||||been supplemented<br>by targeted engagement<br>with key|
|||||||||sector press bodies such as the Times Higher Education|
|||||||||and Wonkhe, as well as national<br>media outlets such as|
|||||||||the BBC.|





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|~-||||||||
|---|---|---|---|---|---|---|---|
|Embed the AGCAS Membership||Quality Standard||||I The fiat Membership<br>Quality Standards<br>were aworded||
|Into normal practice (all member|||services go|||I to service members<br>in 2020/21. A number|of those due|
|through<br>the process once every||three||years)||to update and renew<br>in 2023/24 have already||
|||||||completed<br>this process and met the requirements<br>to||
|||||||retain the standard<br>for the next 3years.||
|Review the feasibility ofAGCAS|becoming||||an end-|The project to review the feasibility of AGCAS becoming||
|point assessor for the higher apprenticeship|||||for|an end-point<br>assessor has been delayed|until 2023/24.|
|career development<br>professionals||||||||
|Align our Learning<br>programme|to||our|Professional||The Learning<br>Committee<br>have mapped|our training|
|, Pathways||||||programme<br>tothe Professional<br>Pathways.|this will be|
|||||||shared with AGCAS members<br>in 2023/24.||
|Increase the number ofindividual|||members,||full|Member numbers<br>increased<br>by 478 in 2022/23, driven||
|and partner, from exlstfng Inslitutlonal||||members||almost entirely by an increase<br>in full members.||
|,'Solid AGCAS's reserves||||||The AGCAS reserves were increased<br>by|E146,946 in|
|||||||, 2022/23. There are plans to invest<br>in our|ITsystems and|
|||||||infrastructure<br>in 2023/24 and 2024/25.||





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|||||||||
|---|---|---|---|---|---|---|---|
|||Actions|that we will undertake||over|the course of2023-2026 will help us to deliver the following<br>aims:||
|||,'Aim I:|AGCAS isrecegnised|||Develep a research programme<br>iri support ofour mission and vision||
||||for expert knowledge|||and a strategy<br>for its dissemination.||
||||' on HEstudent career|||Build the sector knowledge<br>base and promote members'<br>expertise||
||||I development<br>and|||(e.g. in curriculum<br>design, support for under-represented<br>groups).||
||||graduate|||Advocate the value ofresearch-informed<br>practice and support||
||||employability.|||building<br>the capacify of HE careers staff to conduct robust research.||
||l|~Aim 2:|We shape the|||Develop regular position statements<br>and provide policy statements|on|
||||conversation<br>around|||key topics affecting the sector.||
||||l student<br>employability||~|Represent members'<br>interests<br>through<br>active participation<br>in relevant||
||||l and graduate|||policy discussions and engagement<br>with sector consultations.||
||||employment.|||Promote adoption ofthe work experience standard<br>and good||
|||||||practice guide by employers<br>and<br>HE institutions<br>throughout<br>the UK.||
|||Aim 3:|The profession<br>reflecfs|||Commit to addressing<br>gaps in diversity,<br>as informed<br>by the data, to||
||||the students we serve|||ensure emore diverse talent pipeline<br>into the profession.||
||||by creating an|||D'evelop<br>inclusive cu1tures, spaces, and processes tor eur membership||
||||inclusive. resilient.|||activities.||
||||and innovative||~|Ensure that inclusion and diversity are embedded<br>in the design and||
||||community.|||planning<br>of all activities.||
|||Aim tk|The HEcareers||~|Identify and support<br>multiple<br>routes into the profession<br>and investigate||
||||profession<br>is|||becoming<br>an apprenticeship<br>end-point<br>assessment<br>organisation.||
||||recognised<br>as an||~|Demonstrate<br>and promote how the AGCAS Professional<br>Pathways||
||||attractive<br>profession|||support<br>progression<br>within the HE careers profession.||
||||I in which towork.||~|Ensure that the principles of inclusivity<br>and diversity underpin<br>AGCAS'||
|||||||professional<br>standards.||
|||Aim 5:|Our members<br>are||~|Ensure the volunteer<br>recruitment<br>process makes the benefits of||
||||engaged<br>in the|||volunteering<br>available to all members.||
||||development<br>and|||Demonstrate<br>the link b'etween<br>volunteering<br>for AGCAS and career||
||||management<br>of|||development.||
||||AGCAS as well as|||Improve support<br>for members<br>in management<br>and leadership<br>roles||
||||participating<br>in|||including<br>those who are not Heads ofService.||
||||activities.|||||
|l||Aim6:|AGCAS structures|'|~|Develop our systems to capture impact data.||
||||and systems ensure|||Develop the AGCAS professional<br>development<br>portfolio to include||
||||l effective and|||training related to embedding<br>employability<br>and in-cumculum||
||||efficient delivery of|||delivery.||
||||our mission.|||Develop our systems to capture impact data.||





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||I|Advocacy|Advocacy|~|AGCAS commentary<br>featured'in<br>the press.|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||~|AGCAS input, expertise,<br>views and opinions sought by key external stakeholders|||||||to||
||||||inform policy (reactive and proactive).|||||||||
|||||~|AGCAS-generated<br>articles/blogs<br>published<br>on external||platforms.|||||||
|||||~|Increased media ceverage ef key AGCAS outputs.|||||||||
|||||~|Increased number ofinvitations to collaborate<br>with partners|||and key stakeholders|||||in|
||||||al'eas ofmutual<br>interest.|||||||||
|||||~|Increased readership<br>of Phoenix interna)ly<br>(AGCAS members)|||and externally|||(key|||
||||||stakeholders).|||||||||
|||||~|Increased total impressions,<br>engagements<br>and new followers|||on social media.||||||
|||C|By|~T~k||||||||||
|||||~|Continue to listen to and actively support (e.g. Chairs|meetings)|||and|promote||Task||
||||||Groups outputs.|||||||||
||||||Maintain;<br>number oftask groups and percentage<br>of|individual|||member participation.|||||
||||||Improve engagement<br>from low participating<br>regions.|||||||||
||||||Balance the mission group representation<br>on task groups.|||||||||
|||||I Awards||||||||||
|||||~|Increase nominations<br>compared to previous year.|||||||||
|||||Communications||||||||||
||||||ARENA: increase click through<br>rate for stodes promoted.|||||||||
|||||~|Website: increase member<br>use ofthe website.|||||||||
||||||AGCAS Connect: members<br>to post on AGCAS Connect||on average|||once per||month.||
|||Learning|||improved feedback rating<br>in comparison<br>to 2022/23.|||||||||
||||||Training delegate's<br>'distance<br>travelled'<br>(training impact).|||||||||
||||||Number ofcourses delivered.|||||||||
|||Professional||~|Increased engagement<br>with professional<br>standards<br>from||external stakeholders|||||||
|||Standards|and||Review plans to be an apprenticeship<br>End Point Assessment|||Organisation.||||||
|||Quality||~|The first cohort ofMember Services have completed|2nd round|||ofMembership|||Quality||
||||||Standard<br>review.|||||||||
||||||Professional<br>Pathways referenced<br>in job adverts and|job|descriptions|||in member||||
||||||services.|||||||||
|||Research|and|~|Incneased media coverage ofkey AGCAS outputs.|||||||||
|l||Knowledge|||AGcAs commentary<br>featured<br>in the press.|||||||||
||||||increased number of invitations<br>to collaborate<br>with partners|||and key||stakeholders|||in|
||||||areas of mutual<br>interest.|||||||||





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|||~|AGCAS input, expertise,<br>views end opinions sought by key external stakeholders|AGCAS input, expertise,<br>views end opinions sought by key external stakeholders|AGCAS input, expertise,<br>views end opinions sought by key external stakeholders|to|
|---|---|---|---|---|---|---|
||||inform policy (reactive and proactive).||||
|||~|AGCAS-generated<br>articles/blogs<br>published<br>on external platforms.||||
|||~|Increased readership<br>of Phoenix internally<br>(AGCAS members)|and externally|(key||
||||stakeholders).||||
|||~|increased<br>total impressions,<br>engagements<br>and new followers|on social media.|||
|||~|Website: increased total user/unique<br>user hits.||||
||Data Insights|~|Attend Graduate<br>Outcomes<br>Steering Group meetings.||||
|||~|Hold<br>I meeting per term with OfS, UUK. AHUA, HESPA.||||
|||~|Include at least one update per term in Heads ofService Briefing and ARENA||plus at||
||||least 2 member webinars<br>per year.||||
|||~|Pulse survey of Heads ofService confidence<br>in this area —part|ofwider survey.|||
|'|Integrating|e|Hold<br>I meeting per term with OfS, UUK and Advance<br>HE.||||
||Employebility|~|Include otleast one update per term in Heads ofService Brietlng and ARENA||plus at||
||||least 2member webinars per year.||||
|||~|One presentation/article<br>per term.||||
|||~|Pulse survey of Heads ofService confidence<br>in this area —part|ofwider survey).|||
||Social Mobility,|~|AGCAS members<br>leading and influencing<br>discussions<br>on social mobility, widening||||
||Widening||participation<br>and regional inequality<br>and how it relates to HE student career||||
||Participation||development<br>and graduate<br>employment<br>within their institufion|Staff and Other|||
||and Regional||Resources<br>(Including<br>Other Committees<br>and Groups).||||
||Inequality|~|Attend one social mobility etc.event per term.||||
|||~|Hold<br>I meeting per term with OfS, UUK, Yorkshire<br>Universities,<br>London<br>Higher, Bridge||||
||||Group, Sutton Trust.||||
|||~|Include at least one update per term in Heods ofService Briiefing and ARENA||plus at||
||||least 2member webinars<br>per year.||||





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|~ .|~|||
|---|---|---|---|
|Mare|Lintern|07/10/2019|President|
|IJniv|rsity oi tlewcastl|ikesigned||
|||l 4 'r29 '2022I||





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|||Paul Gratrick|01/03/2017||President||||
|---|---|---|---|---|---|---|---|---|
|||University<br>of Liverpool|||||||
|||Dr Lorna Dargan|' 01/08/2021||Vice-President||Nominations<br>Committee||
|||Universit<br>of St Andrews|||||Remuneratiorls<br>Committee||
||'|Katy Gordon|01/08/2021||Treasurer and Company||Governance<br>and Risk||
|||University<br>of Southampton|||Secretara||Committee||
|||Keren Coney|03/01/2023||Research and||Research. and Knowledge|I|
|||Liverpool John Moores|||Knowledge|Director|Committee||
|||University|||||||
||l|Ben Cooper<br>I'ICI<br>1 h. s<br>r I'I<br>II x 2 rill|0<br>I HJ: ' '32'|I|I'u'o<br>Ifle el lr<br>IJse||||
||,<br>,<br>' <br>'|ui ivetsu<br> Debra Easter<br>Noftin<br>him Trent Universit<br>Simon Thompson<br>IJnever sity of Boltoi<br> Gemma<br>Kenyon<br>City, University<br>of London|xir07/sn2<br>tI<br>08/03/2021<br>0'/12 2018<br>(Resigneci<br>"))/rw/?0<br>r2)<br>01/03/2023||Community<br>Academic<br>Ioi ector<br>Integrating<br>Director|Director<br>Community<br>Committee<br>AIIg sment<br>A.<br>rderni<br>Alrclnn<br>enI<br>rvcr<br>Iflg Pcrly<br>Employability<br>L<br>Integratirlg<br>Employability<br>Working Party|||
|||David Winter|01/03/2017||Learning<br>Director||Learnina<br>Committee||
|||The Careers Group|IRe~igned||||||
||||28/02/2023)||||||
|||Allsa McLeod<br>Eu<br>'ty|I 20/09/2022||Learning<br>Director||Learning Committee||
|||Helen Smith|I !31/in3/201 7||SociaI Mob|Iiiv Director|Sociisl Mobility<br>cn&J||
|||Universily<br>of Shefheld|(Pesignecl||||vVidenlng<br>PcJrticipcnion||
||||28/02/2023l||||svorl. ing Party||
||'|Aranee Manoharan|01/07/2023||Social Mobility, Widening||Social Mobility. Widening||
|||King's College London|||Participation|and|Participation<br>and Regianal||
||||||Regional<br>Inequality||inequality<br>Working Party||
||||||Director||||
|'||Dr Nolayini<br>Thambar|01/03/2017||Quahly<br>Director||Protessionolisrn<br>Working||
|'||IJniversity<br>of I'loltinghom|,'(Resigned||||Party||
||||' 31/10/2022)||||||
|,'Uzzie Mortimer|||20/09/2022||Professional|Standards|Professional<br>Standards||
|||University<br>of Edinburgh|||Director||Committee||





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||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023|2022|
|||||Note|||
|Income|||||||
|Charitable<br>activities|||||1,175,612|953,386|
|Investments|||||5,256|204|
|Total income|||||1,180,868|953,590|
|Expenditure|||||||
|Charitable|activities||||972,344|681,248|
|Total expenditure|||||972,344|681,248|
|Net income|||||208,524|272,342|
|Other recognised|||gains||||
|Actuarial<br>(loss(||on|defined||||
|benefit scheme|||||(61,578)|(209,923}|
|Net movement||in funds|||146,946|62,419|
|Total funds|brought||forward||586,111|523,692|
|Total funds|carried||forward||733,057|586,111|





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|As at 31 July 2023||||||
|---|---|---|---|---|---|
|||||2023|2022|
||||Note|5|5|
|Fixed assets||||||
|Intangible<br>assets||||||
|Tangible assets||||3,047|2,067|
|||||3,047|2,067|
|Current assets||||||
|Debtors||||114,724|90.413|
|Cash at bank and|in hand|||1.308,382|1,115,263|
|||||1,423,106|1,205,676|
|Creditors: amounts|falling due within one year|||(259,644)|(249,758)|
|Net current assets||||1,163,462|955,918|
|Total assets less current||liabilities||1,166,509|957,985|
|Defined benefit pension||liability|11|(433,452)|(371,874)|
|Net assets||||733,057|586,111|
|CharRy funds||||||
|Unrestricted<br>funds||||733,057|586,111|
|Total funds|||12|733,057|586,111|





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|ear ended 31 Jvty 2023||||||
|---|---|---|---|---|---|
||||Note|2023|2022|
|Cash flow from operating|activities||14|190298|241 926|
|Cash flow from investing<br>activities:||||||
|Interest receivable||||5,256|204|
|Payments to acquire tangible<br>fixed||assets||2435|700|
|Net cash flow from investing<br>activities||||2 82I|496|
|Net increase in cash and|cash equivalents|||193,119|241,430|
|Cash and cash equivalents|brought|forward||||
|Cash and cash equivalents|carried|forward||||





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|||||2023|2022|
|---|---|---|---|---|---|
|||||9.||
|Conferences||and training||454,552|317,886|
|Graduate|fairs|||70,200|33,260|
|Service Level Agreement|||income|116,742|103,934|
|Subscriptions||||441,421|403,140|
|Sponsorship||8,Advertising|Income|74,237|78,445|
|Research||||18,460|16,72i|
|||||t,f75612|953,386|



|Net expenditure|Net expenditure|Net expenditure|forthe year and deficit of|forthe year and deficit of|income over expenditure<br>is|income over expenditure<br>is|stated after|charging:|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||f|5|
|Depreciation|||||||1,455|2,600|
|Auditor's<br>remuneration|||||||10,050|8,745|
|Operating|lease||rentals||||||
|Irrecoverable||VAT|||||9,895|2,717|
|Analysis of|expenditure||||||||
||||||Direct Staff||||
|||||Direct|Costs and|Support|||
|||||Cosh|Dep'n|cosfs|Total|Total|
|||||2023|2023|2023|2023|2022|
|||||5|5|5|2|F,|
|Conferences||and training||218,267|112651|120,373|451,291|250,562|
|Graduate<br>fairs||||57,391|29|4,690|62,110|30,262|
|Service Level||Agreements||1,650|91,d41|31,2dd|124,557|109,382|
|Subscription|s||||51,d41|78,1d4|129,805|117,903|
|Publications|||||14,697|t2,506|27,203|26,532|
|Research||||535|52,780|25,013|78,328|79,119|
|Governance||||11,539|30,270|9,380|51,189|31,752|
|Other|||||1d,595|31,2dd|478dl|33736|
|Total||||289,382|370,304|312,658|972,344|681,248|
|Support Costs||||||Staff|Other Costs||
|||||||Costs|5|Total|
|||||||5||5|
|Charitable|activities|||||216,996|95,662|312,658|





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|2023|2022|
|---|---|
|No.|No.|
|14|13|



|The average<br>monthly<br>num|ber ofemployees<br>duding the y|ear was|as follows:|2023<br>No.<br>14|2022<br>No.<br>1|
|---|---|---|---|---|---|
|The number<br>of employees|who received total employee|benefits|(excluding|employer|pension|
|costs) ofmore than R60,000 is as follows:||||||
|||||2023|2022|
|||||No.|No.|
|R70,001 - R80,000||||||
|R80,001 - R90,000||||||



|||2023|2022|
|---|---|---|---|
|Wages and|saladies|450,074|389,855|
|Social security costs||42,250|34,632|
|Pension costs||93,531|80,750|
|Movement|on USS provision|51,723|209,923|
|Total||637,578|715,160|





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|Tangible fix|ed assets||||
|---|---|---|---|---|
||||Oflice and||
|||Fixtures and|computer||
|||fittings|equipment|Total|
||||8|5|
|Cost|||||
|At<br>1 August|2022|790|18,914|19,704|
|Additions|||2,435|2,435|
|At 31 July 2023||790|21,349|22,139|
|Depreciation|||||
|At<br>1 August|2022|367|17,270|17,637|
|Charge for|the year|79|1,376|1,455|
|At 31 July 2023||446|18,646|19,092|
|Net book value|||||
|At 31 July 2023||344|2,703|3,047|
|At 31 July 2023||423|1,644|2,067|





|Nate|s ta the Fi|nancia|l<br>Sta|tements<br>(cantinued)<br>year ended 31 July|2023||
|---|---|---|---|---|---|---|
|B.|Debtors||||||
||||||2023|2022|
||Trade debtors||||106,769|76,984|
||Prepayments||and accrued income||7,955|13429|
||||||114,724|90,413|
|9.|Creditors:|amounts||falling due within one year|||
||||||2023|2022|
||Trade creditors||||36,222|430|
||Other taxation||and|social security|16,749|27,183|
||Accruals|and|other|creditors|20,738|23,076|
||Deferred|income|||185,935|199,069|
||||||259,644|249,758|
|10.|Deferred|income|||||
||||||2023|2022|
||At<br>I August||||199,069|246,244|
||Released|in year|||(179,425)|(246,244)|
||Deferred|in year|||166.291|]99,069|
||Balance|at 31|July||185,935|199,069|



## 

|Detl|ned ben|efit pension<br>liability|||
|---|---|---|---|---|
||||2023|2022|
|USS|Pension|deficit|433,452|371,874|





||||Balance at||Expenditure||Balance at|
|---|---|---|---|---|---|---|---|
||||I August||including||31 July|
||||2022|Income|gain/(loss)|Transfer|2023|
|||||5|5|||
|Unrestricted||||||||
|Designated-Graduate||fairs|36.159|||(36,159)||
|General|||549,952|1,180,868|(1,033,922)|36,159|733,057|
|Total unrestricted|funds||586,111|1,180,868|(1,033,922)||733,057|
|Total funds|||586,111|1,180,868|(1,033,922)||733,057|
||||Balance at||Expenditure||Balance at|
||||I August||including||31 July|
||||2021|Income|gain/(loss)|Transfer|2022|
|Unrestricted||||||||
|Designated-Graduate||fairs|36,159||||36,159|
|General|||487,533|953,590|(891,171)||549,952|
|Total unrestricted|funds||523,692|953,590|(891,171)||586,111|
|Total funds|||523,692|953,590|(891,171)||586,ii)|





## 

## 

|13.|Analysis|of ne|t assets|be|tween|funds||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|
||Tangible|fixed|assets|||||||
||||||||||3,047|
||Current|assets||||||||
||||||||||1,423,106|
||Creditors due||within|one|year||||(259,644)|
||Defined|benefit pension|||liability||||~433,432|
||||||||||733,057|
||||||||||2022|
||||||||||Total|
||Tangible|fixed|assets|||||||
||||||||||2,067|
||Current|assets||||||||
||||||||||1,205,676|
||Creditors|due|within|one|year|||||
||||||||||(249,758)|
||Defined|benefit pension|||liability||||371,874|
||||||||||586,111|
|14.|Reconciliation||of net|income||to net cash flow from operating|activities|||
|||||||||2023f|2022<br>f,|
||Net income for the year|||||||146,946|62419|
||Adjustment<br>for:|||||||||
||Depreciation||oftangible||fixed assets|||1,455|2,600|
||Interest receivable|||||||(5,256)|(204)|
||Decrease/(increase)|||in debtors||||(24,311)|54,809|
||Increase|in creditors||||||71,464|122,302|
||Net cash flow||from operating|||activities||190,298|241.926|
|15.|Analysis|ofcash and||cash equivalents||||||
|||||||||2023f|2022<br>f.|
||Cash at|bank|and in|hand||||1,308,382|1,115,263|





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## 

|The current<br>life expectancies<br>on retirement<br>at age 65|<br>are:||
|---|---|---|
||2023|2022|
|Males currently aged 65 (years)|24.0|23.9|
|Females currently aged 65 (years)|25.6|25.5|
|Males currently aged 45 (years)|26.0|25.9|
|Females currently<br>aged 45 (years)|27 4|27.3|



|have been p|roduced<br>using the following<br>assumpt|ions:||
|---|---|---|---|
|||2023|2022|
|Discount rate||4.75%|2.65%|
|Pensionable|salary growth|9.30%|2.53%|



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