## ## ## ## ||||Page| |---|---|---|---| |Reference and administrative|details ofthe charity, its trustees|and advisers|| |Trustees' report|||2-5| |Independent
examiner's
report|||| |Statement offinancial activities|||| |Balance sheet|||| |Notes to the financial statements|||9-18| |||THE|CREDIT UNION|CREDIT UNION|CREDIT UNION|FOUNDATION| |---|---|---|---|---|---|---| |||(Acompany|||limited|by guarantee)| |REFERENCE AND ADMINISTRATIVE|||DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|||| |||FOR THE|YEAR ENDED 30SEPTEMBER2022|||| |Trustees||Lord Roy Kennedy||of Southwark,||President| |||D Vear||||| |||A Pask||||| |||P Norgrove
(appointed|||31 March|2022)| |||R Munro||||| |||D Martin||||| |Company|registered|||||| |number||04283557||||| |Charity registered||||||| |number||1096199||||| |Registered|office|Holyoake House||||| |||Hanover Street||||| |||Manchester||||| |||M60 OAS||||| |Company|secretary|Robert Kelly||||| |Chief executive officer||Robert Kelly||||| |Accountants||Crowe U.K.LLP||||| |||3rd floor||||| |||The Lexicon||||| |||Mount Street||||| |||Manchester||||| |||M2 5NT||||| |Bankers||The Co-operative||Bank|pic|| |||Balloon Street||||| |||Manchester||||| |||M60 4EP||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|funds|fLInda| |||||2022|2022|2022|2021| ||||Note|||f.|| |Income from:|||||||| |Donations
and legacies||||&,236||8,236|3,116| |Charitable
activities||||43,'I20|67,170|110,290|8?,984| |Investments||||3||3|| |Total income||||51,359|67,170|118,529|91,100| |Expenditure
on:|||||||| |Raising funds||||266||266|266| |Charitable
activities|||4,7|48,097|100,785|148,882|83,725| |Total expenditure|||8|48,363|100,785|149,148|83,991| |Net Income I(expenditure)
Transfers
between
Funds||before transfers|12|2,996
2,854|(33,615)
(2,854)|(30,619)|7,109| |Net income I(expenditure)||before other|||||| |recognised
gains|and losses|||5,850|(36,469)|(30,619)|7,109| |Net movement
in funds||||5,850|(36,469)|(30,619)|7,109| |Reconciliation
offunds:|||||||| |Total funds brought|forward|||45,756|135,331|181,087|173,978| |Total funds carried forward||||51,606|98,862|150,468|181,087| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Income from donations
and|legacies|||| |---|---|---|---|---| ||Unrestricted|Restricted|Total|Total| ||funds|funds|funds|funds| ||2022|2022|2022|2021| ||||E|E| |Donations|8,238||8,238|3,116| |Tofal 2021|3,116||3,516|| ## ## |Income|from charitabl|e
activities||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||funds|funds|funds|funds| ||||2022|2022|2022|2021| ||||f.||f.|| |Project|income||1&2|67,170|67,352|53,287| |Donated|administration|and finance support|42,938||42,938|34,697| ||||43,120|67,170|110,290|87,984| |Total 2021|||34,697|53,287|87,984|| ||Unrestricted|Restricted|Total|Total| |---|---|---|---|---| ||funds|funds|funds|funds| ||2022|2022|2022|2021| ||R|f.||| |Direct and support costs|45,717|100,785|146,502|| |Total 2021|37,459|44,125|81,584|| |Direct costs||||| ||||Total|Total| |||Activities|2022|2021| |CU Futures project||100,785|100,785|44,125| |Total 2021||44,125|44,125|| ## ## |6.|Support costs|Support costs||||||| |---|---|---|---|---|---|---|---|---| ||||||||Total|Total| |||||||Activities|2022
F|2021f| ||Donated
administration||and finance support|||42,938|42,938|34,697| ||insurance|||||2,743|2,743|2,726| ||Bank charges|||||36|36|36| |||||||45,717|45,717|37,459| ||Total 2021|||||37,459|37,459|| |7.|Governance|costs||||||| ||||||Unrestricted|Restricted|Total|Total| ||||||funds|funds|funds|funds| ||||||2022f|2022
f.|2022|2021
E| ||internal
audit|costs|||45||45|648| ||Fees for independent||examination||1,584||1,584|1,440| ||Auditors'
non audit costs||||890||690|| ||Legal fees||||61||81|53| ||||||2,3&0||2,380|2,141| |8.|Analysis of|Expenditure||by expenditure|type|||| |||||||Other costs|Total|Total| |||||||2022|2022|2021| ||Fundraising
costs|||||286|266|266| ||Costs ofraising funds|||||266|266|| ||Direct and support costs|||||146,502|146,502|81,584| ||Expenditure|on governance||||2,380|2„380|2,141| |||||||149,148|149,148|83,991| ||Total 2021|||||83,991|83,991|| ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |Auditor's|remuneration|-|audit||1,584|1,440| |Auditor's|remuneration|-|other|services|690|| ## |Debtors|||| |---|---|---|---| |||2022|2021| |||f.|| |Trade debtors||6,704|| |Prepayments|and accrued income|10,547|1,808| |||17,251|1,808| ## |Creditors: Amounts
|falling due within one year||| |---|---|---|---| |||2022|202'/| |Trade creditors||7,623|1,198| |Accruals and deferred|income|1,804|1,293| |||9,427|2,491| ## |Statement offun|ds - current year|||||| |---|---|---|---|---|---|---| |||||||Balance at| |||Balance at||||30| |||1 October|||Transfers|September| |||2021|Income|Expenditure|in/out|2022| |Designated
Fund||3,234|||1,170|4,404| |General
Funds||42,522|51,359|(48,363)|1,684|47,202| |Total Unrestricted|funds|45,756|51,359|(48,363)|2,854|51,606| |Restricted funds||||||| |History project
NFCDCU trips||18,320
30,470||(9,756)
(16,943)|(1,054)|7,510
13,527| |CU Futures Program
Field research project
Market research
project||46,595
10,000
15,000|33,574|(36,54T)
(10,000)|(1,800)|41,822
15,000| |Gambia Project||1,346||||1„346| |DEEU programme||13,600|33,596|(27,539)||19,657| |||135„331|67,1TQ|(100,785)|(2,854)|98,862| |Total offunds||181,08T|118,529|(149,148)||150,468| |Statement offunds - prior year||||||| |||||||Balance at| |||Balance at||||30| |||f October|||Transfers|September| |||2020|Income|Expenditure|in/out|202f| |Designated
Fund||2,490||||3,234| |General Funds||39,54?|38,730|(39,866)|4,511|42,522| ## ## ## ## ## ## |Analysis|ofn|et ass|ets|between funds - current|year||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||funds|funds|funds| ||||||2022f|2022
f.|2022| |Current|assets||||61,033|98,862|159,895| |Creditors|due|within|one|year|(9,427)||(9,427)| ||||||51,606|98„862|150,468| |Analysis|ofn|et ass|ets|between funds - prior y|ear||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total| ||||||funds|funds|funds| ||||||2021|2021|2Q21| |Current|assets||||48,247|135,331|183,578| |Creditors|due|within|one|year|(2,491)||(2,491)| ||||||45,756|135,331|181,087| |Reconciliation
ofn|et|movem|ent
in funds|to net cash flow from operat|ing
activities|| |---|---|---|---|---|---|---| ||||||2022f|2021| |Net (expenditure)/income||for the year (as per Statement of Financial||||| |Activities)|||||(30„619)|7,109| |Adjustment
for:||||||| |Decrease/(Increase)|in|debtors|||(15,443)|5,870| |Increase
in creditors|||||6„936|2,022| |Net cash (used in)/provided|||by operating|activities|(39,126)|'/4, 8Q1| ## |Analy|sis|ofcash and cash equivalents||| |---|---|---|---|---| ||||2022|2021| |Cash|in|hand|142,644|181,770| |Total|||142,644|181,770| ##