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##
##
##
##
##
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##
##
##
##
##
##
##
##
##
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##
##
##
##
|||2023|2022|
|---|---|---|---|
|||Unrestrfcted||
|||fund|Total funds|
|||5|E|
|INCOME AND ENDOWMENTS FROM||||
|Donations and legacies||6,950,623|5,328,533|
|Other trading activities||76390|52,159|
|Investment
Income||S15||
|Total||7,027426|5,380,704|
|EXPENDITURE ON||||
|Charitable activtdas||||
|Supporting
and promoting|education|6,729,985|5.463,540|
|NET INCOME/(EXPENDITURE)||297~|(82,836)|
|RECONCIUATION
OF FUNDS||||
|Total funds brought forward||728,709|811,545|
|TOTAt FUNDS CARRIED FORWARD||ldl25,952|728,709|
##
##
|||2023|2022|
|---|---|---|---|
|||Unrestricted||
|||fund|Total funds|
||Notes|6||
|FIXEDASSETS||||
|Tangible assets||162,121|243,182|
|CURRENT ASSETS||||
|Debtors|12|359JII|21,020|
|Cash at bank and in hand||627A73|631,105|
||||652.125|
|CREDITORS||||
|Amounts
falling due within one year|13|(113F470)|(166,598)|
|||ling,||
|NET CURRENT ASSETS|||485,527|
|TOTAL ASSETS LESSCURRENT LIABILITIES||1,025,952|728,709|
|||952|728,709|
|FUNDS||||
|Unrestricted
funds:||||
|Income fund||1,025,952|728,709|
|TOTAL FUNDS||22725,952|728,709|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|6|E|
|Cash Rows from|operadng|activities|||||
|Cash generated|from operations|||1|(13,947)|(211,726)|
|Net cash used in|operating|activities|||(13,947)|(211,726)|
|Cash Rows from|investing|activldes|||||
|Interest received||||||12|
|Net cash provided
by investing activities||||||12|
|Change in cash and cash equlualents|||in the||||
|reporting period|||||(13,632)|(211,714)|
|Cash and cash equivalents||atthe beginning|||||
|ofthe reporthrg|period||||631,103|842,819|
|Cash and cash equivalents||atthe end|of||||
|the repordng period|||||6172173|631,105|
##
##
||RECONOLI ATION OF NET INCOME/(EXPENDITURE)|RECONOLI ATION OF NET INCOME/(EXPENDITURE)|RECONOLI ATION OF NET INCOME/(EXPENDITURE)|TO NET CASH|FLOW FROM|OPERATING ACf|IVITIES|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|E|
||Net income/(eupendlture)||forthe reporting period|(asper the||||
||Statement ofRnandal Activides)||||||(82.836)|
||Adjustments
for:|||||||
||Depreciation
charges|||||82/XIL|81,061|
||Interest received|||||(315)|(12)|
||(Increase)/decrease|in debtors||||(3382XXI)|15,730|
||Decrease in creditors|||||(38,128)|(225,669)|
||Net cash used In operations|||||(13„rnt7)|(211,726)|
|2.|ANALYSIS OF CHANGES IN||NET FUNDS|||||
||||||At 1P/22|Cash flaw|At30/6/23|
||||||E|6|E|
||Net cash|||||||
||Cash at bank and in hand||||631,105|(23/)32)|617~73|
||||||631,105|(13,632)|617/73|
||||||631,105|(13,632)|617873|
##
##
##
##
##
##
##
##
|3.|DONATIONS|AND|LEGAOES|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||Unrestricted||
|||||||funds|Total funds|
|||||||5|5|
||Grants - Syracuse University|||Abroad, a||||
||division ofSyracuse University,||||New York,|||
||USA|||||6,922350|5,272,500|
||Government|grant|||||27.855|
||Donation received|||||4pBS||
||Intangible
income - legal fees
Syracuse University
Abroad||||paid by||28,178|
|||||||6,950.623|5,328,533|
|4.|OTHER TRADING ACTIVmES|||||||
|||||||2023|2022|
|||||||Unrestricted||
|||||||funds|Totalfunds|
|||||||5|E|
||Rental income|||||76QSO|52,159|
|5.|INVESTMENT|INCOME||||||
|||||||2023|2022|
|||||||Unrestricted||
|||||||funds|Total funds|
|||||||6|f|
||Deposit account interest|||||315|12|
##
##
||||||Provision of||||
|---|---|---|---|---|---|---|---|---|
||||||student||||
|||||Promodng|accomodation||||
|||||education|8fedBtles|2023|||
|||||6|f.|E|||
|Wages and related|||costs|714,370||714,370|||
|Pmperty|expenses|||615,146||615,146|||
|Course materials
Housing allowance||||121,836|2,546,113|1222136
2~,11$|||
|Student|activities and recreation||||492,218|492328|||
|Grant paid||||||4,085|||
|||||1.455,437|3,038,331|489$.768|||
|Support|costs (Seebelow)|||689,897|1,440,210|2,1$0,107|||
|Governance||costs (Seebelow)||34,367|71,743|106,110|||
|||||2,179,701|4~0,284|6,729,985|||
||||||Governance|Total|||
|||||Support costs|costs|2023|Basisofapportionment||
|||||f.|6|6|||
|Wages and related|||costs|841,372||841,372|-Allocated|by department|
|Property|expenses|||1.190.699||1,190,699|-Pro rata based on sq meters||
|Ofhce expenses||||45,331||45,331|-The expenses incurred were||
||||||||mnsidered|tobe support|
||||||||costs||
|ITexpenses||||5,120||5,120|-The expenses incurred||
||||||||were considered tobe||
||||||||support costs||
|Membership||and registration||1,423||1,423|-The expenses incurred were||
||||||||considered|to be support|
||||||||costs||
|Travel, subsistence|||and|42,407||42,407|-The expenses incurred were||
|meeting|costs||||||considered|tobesupport|
||||||||costs||
|Bank charges||||3,755||3,755|-The expenses Incurred were||
||||||||mnsidered|to besupport|
||||||||costs||
|legal fees|||||88,110|88,110|Wovemance||
|Auditors|remuneration||||18,000||-Governance||
|||||2,130,107|106,110|2,236,217|||
##
##
##
|||||Provision af||||||
|---|---|---|---|---|---|---|---|---|---|
|||||studeiit||||||
|||Promoting||accomadatlon|B|||||
|||educa50n||facRMes||2022||||
|Wages and related|costs||f
832,007|f||f8~7||||
|Property expenses|||531,774|||531,774||||
|Course materials|||78,497|||78r497||||
|Housing allowance||||1,630,049||1ASOAHS||||
|Student activities and recreation||||387,531||387,537||||
|Grant paid||||||||||
|||1.442,278||2017586||3~F4||||
|Support costs (Seebelow)|||814,335|1,139,163||1,953~||||
|Governance
costs (Seebelaw)|||20,917|29,261||50,178||||
|||2,277,530||3,186,010||Srt63,540||||
|||||Governance||||||
|||Support
f|casts|costsf|Total 2022
E|||Basis|ofapportionment|
|Wages and related|costs|796,669||||796.669|-Allocated||by department|
|Property expenses||1,064,248||||1,064,24S|-Pro|rata based on sq meter||
|Office expenses||55,601||||55,601|-The|expenses incurred were||
||||||||considered||to be support casts|
|ITexpenses|||3,311|||3,317|-The|expenses incurred were||
||||||||considered||to be support mats|
|Membership
and registration|||6,659|||6,659|-The|expenses incurred were||
||||||||considered||to be support costs|
|Travel, subsistence|and|25,701||||25,701|-The|expenses incurred were||
|meeting costs|||||||mnsidered||tobe support costs|
|Bank charges|||1,303|||1,303|-The|expensesincurred
were||
||||||||considered||to be support costs|
|legal fees||||28,178||28,178|43overnance|||
|Auditors
remuneration||||22,000||22,000|4bnrernance|||
|||1,953,498||50,178|2,003,676|||||
##
##
##
##
##
|GRANTS|PAYABLE|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
|Supporting
and pmmoting||education||4,085||
|The total|grants paid to institutions||duding the year was asfollows:|||
|||||2023|2022|
|||||6|E|
|Syracuse|University|||4dNS||
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)||isstated|after charging/(crediting):|||
|||||207$|2022|
|||||E||
|Auditors'|remuneration||||22,000|
|Depreciation - owned assets||||82j061|81,061|
|Hire ofplant and machinery||||82$N|9,163|
|Operating|leases - Rent|||M07,832|1.039.121|
##
##
##
##
##
##
||was:||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
||E80,001 - E90,000||||||||2|2|
||The faculty staff are employed||on part time short term contracts each||||semester.||||
||Ag administration|staff, apart|from 3,are|employed|on full time basis.||||||
||Pension
costs are|allocated|to activities|in proportion
to the related|||stafgng||costs incurred|and on this
ba|
||the costs are treated as support costs and|||are wholly charged to unrestdcted||||funds.|||
|11.|TANGIRLE FIXEDASSETS||||||||||
|||||||Fixtures|||||
||||||long||and||Computer||
||||||leasehold
E||Ettings
E||equipment
E|Totalsf|
||COST||||||||||
||At 1July 2022 and|30June 2023|||1,7427)09||||528/32|2r406,933|
||DEPRECATION||||||||||
||At1July 2022||||1499,627|1$52I92|||528~2|2,163,751|
||Charge foryear||||812RI1|||||812XIL|
||At 30June 2023|||||135~|||528,2$2|2,244412|
||NET ROOK VALUE||||||||||
||At 30June 2023||||264121|||||162,121|
||At 30June 2022||||243,182|||||243,182|
|12.|DERTORSr AMOUNTS FALUNG DUE WITHIN ONE YEAR||||||||||
||||||||||202$|2022|
||||||||||E|E|
||Other debtors
Prepayments
and accrued income||||||||362
359~|21,020|
||||||||||3592I28|21,020|
##
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||E||
||Social security and other||taxes||||25,799|46,253|
||Other creditors||||||21,725|51,592|
||Accruals and|deferred income||||||66,753|
||||||||113JL70|166,598|
|14.|LEASING AGREEMENTS||||||||
||Minimum
lease payments||under|norvcanceEable|operating leases|tall due as follows:|||
||||||||2023|2022|
||||||||6|E|
||Within one year||||||SWLJ000|1,030,000|
||Between one|and five years|||||1301AND|2,060,000|
|1S.|MOVEMENT|IN FUNDS|||||||
||||||||Net||
||||||||movement||
|||||||At 1/7/22|in funds|At 30/6/23|
|||||||E|E|E|
||Un esbicted|funds|||||||
||Income fund|||||728,709|297343|LdN5,952|
||TOTAL FUNDS|||||728,709|297~3|1/I25,952|
||Net movement
in funds,||included|in the above are as follows:|||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||6|6|E|
||Unrestricted|funds|||||||
||Income fund|||||Tdy27428|(6,729,985)||
||TOTAL FUNDS|||||Tg27428|(6,729'5)||
##
##
##
##
##
|||||Net||
|---|---|---|---|---|---|
|||||movement||
||||At 1/7/21|in funds|At 30/6/22|
||||E|E|E|
|Unrestrkted|funds|||||
|Income fund|||811,545|(82,836)|728,709|
|TOTAL FUNDS|||811'|(82,836)|72IL709|
|Comparative|net movement|in funds, included|inthe above are asfollows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||E|E|6|
|Unrestdcted|funds|||||
|Income fund|||5,380,704|(5,463,540)|(82,836)|
|TOTAL FUNDS|||5,3S0,704|(5,463,540)|(82,836)|
##
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##
##
##