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2023-07-31-accounts

Page
Trustees'
Report
Independent Auditors' Report 16
Consolidated statement of financial activities 19
Consolidated balance sheet 21
Charity statement
of financial		 activities 22
Charity balance sheet 24
Consolidated statement of cash flows 25
Notes to the financial statements 26
or the year e nded 31 July 20 23 and Colleges
Patron Her Royal Highness
The Princess Royal
Chair Professor Craig Mahoney
(resigned
19/06/2023)
Russell James (Senior Independent
Director, Acting Chair)
Directors Born Barikor (resigned
14/02/2023)
Carrie Stephenson
(appointed
26/07/2023)
Catherine
Gallagher
Christopher
Anthony
Ella Williams
(appointed
26/07/2023)
George Christian
Jennifer Agnew (resigned
23/01/2023)
Josef Baines (resigned
23/01/2023)
Kathleen
Russ (appointed
13/11/2023)
Katy Storie
Russell James
Simon Wilson
Zoe Clifton (resigned 26/07/2023)
Chief Executive Vince Mayne (resigned 02/06/2023)
Joanna Coates (Interim
CEO, appointed		 29/09/2023)
Company Secretary Duncan Jones (resigned
19/10/2023)
Jessica Melling
(appointed
19/10/2023)
Registered office 20-24 King's Bench Street London SE1 OQX
Principal bankers Royal Bank of Scotland, London
City Office, 62-63 Threadneedle		 Street
London
EC2R BLA
Independent auditor Haysmacintyre
LLP, 10Queen Street Place, London,		 EC4R 1AG
Solicitors Sport and Recreation Alliance
Legal Panel Framework,		 Holborn Tower,
137-14SHigh Holborn,
London, WC1V		 6PL
Investment managers CCLA Investment
Management
Limited		 80Cheapside, London EC2Y 6DZ
Company number 06483060 (England &Wales)
Charity number 1126863(England
8t Wales)
SC041947 (Scotland)

year ended 31 July 2023 and Colleges and Colleges
Risk Mitigations
Due to inflation the operating expenses ~ Build in possible inflationary
increases to budgets.
and cost provision
whilst the ability of		 of services increases
current
income to cover		 ~ Monthly
re forecast of cashflow to ensure ability to
meet costs.
these costs and services is reduced.
~ Consider increase to amounts
charged to cover costs
incurred.
Reduced team entries due to increased cost ~ Cost of Living review with members.
and pressure on member finances which ~ Review competition
structures
and formats.
will lead to reduced revenue for BUCS.
Failure
in IT systems		 will affect BUCS ~ Cyber Security Review carried out in 2019and
operations. recommendations
implemented.
~ Implementation
of InTune commenced.
~ Business continuity
plan
in place.
~ Migration to cloud-based
operation
implemented.
~ Regular
review of processes and supplier contracts.
BUCS systems may be subject to a data ~ Data agreements
in place with 3rd parties.
breach. ~ Cyber security
review conducted
in 2019and
recommendations
being implemented.
~ Cyber Essentials to be sought
in 2024.
~ GDPR training
implemented
for all staff.

Income for the Group for the year was E5.3m. Th
Ek
Entry fees for events 1,136
Affiliation fees 1,255
Entry fees for teams 1,066
Grants from NG8s 592
Grants from Sport England 220
Commercial
partners		 260
Other income 774

Principal ar eas of expenditure
incl		 ude:
Ek
Staff costs 2,007
Direct delivery costs 2,525
Operations and overheads 604

Funds employe d
at the Group bal		 ance sheet at 3
Ek
Restricted funds 20
Unrestricted
funds
Designated —property 1,198
Designated —other 15
General 738
Totalfunds 1,971

2023 stood at E607k as shown
b		 elow.
Ek
Total funds 1,971
Less restricted funds (20)

Notes Unrestricted Designated Restricted 2023
Funds funds Funds Total funds
E E
Income
Donations
and legacies
Donations 5,000 5,000
Value in kind 37,780 37,780
Income from charitable activities 5 3,782,766 71,730 866,283 4,720,779
Trading activities
Sponsorship 259,235 259,235
Conference 186,735 186,735
Winter summit 21,324 21,324
Facilities and operations forum 13,720 13,720
Interest and investment income 58,589 58,589
Total income 4,365,149 71,730 866.283 5.303,162
Expenditure
Charitable
activities		 3,668,856 75,761 875,642 4,620,259
Raising funds 202,839 202,839
Conference 255,790 255,790
Winter summit 37,792 37,792
Facilities and operations forum 19,831 19,831
Total expenditure 4,185,108 75,761 875,642 5,136,511
Net income / (expenditure) and net
movement
in funds		 in the year
before (losses) on investments 180,041 (4,031) (9,359) 166,651
(Losses) on investments 13a (14,040) (14,040)
Net income/(expenditure) 166,001 (4,031) (9,359) 152,611
Reconciliation offunds
Total funds brought forward 572,417 1,217,281 28,868 1,818,566
Total funds carried forward 20,21,22 738,418 1,213,250 19,509 1,971,177

Notes Unrestricted Designated Restricted 2022
Funds funds Funds Totalfunds
f. 6 6 6
Income
Value in kind 14,451 14,451
Income from charitable activities 3,207,570 55,928 718,307 3,981,805
Trading
activities
Sponsorship 248,011 248,011
Conference 185,144 7,000 192,144
Interest and investment income 21,854 21,854
Total income 3,677,030 55,928 725,307 4,458,265
Expenditure
Charitable
activities		 3,067,962 66,130 712,152 3,846,244
Raising funds 174,259 174,259
Conference 334,102 334,102
Total expenditure 3,576,323 66,130 712,152 4,354,605
Net income / (expenditure) and net
movement
in funds		 in the year
before
transfers
and gains		 on investments 100,707 (10,202) 13,155 103,660
Gains on investments 13a 8,133 8,133
Transfer of funds 20,21,2 (360) 360
2
Net income / (expenditure) 108,480 (10,202) 13,515 111,793
Reconciliation offunds
Total funds brought forward 463,937 1,227,483 15,353 1,706,773
Total funds carried forward 572,417 1,217,281 28,868 1,818,566
Notes 2023 2022
E E
Fixed Assets
Tangible fixed assets 1,228,044 1,225,478
Intangible
assets		 12 85,933 191,131
Investments 13 399,256 417,634
Trophies 14 30,237 31,076
1,743,470 1,865,319
Current Assets
Debtors 15 199,005 244,964
Cash at bank and in hand 1,385,698 1,454,591
1,584,703 1,699,555
CREDITORS: Amounts falling due within one year 16 (1,300,951) (1,481,416)
NET CURRENT ASSETS 283,752 218,139
Creditors: Amounts falling due after more than one 18 (170,833)
17 (56,045) (94,059)
Provision for liabilities
TOTAL ASSETS LESS LIABILITIES 1,971,177 1,818,566
Funds
Restricted
funds		 20 19,509 28,868
Unrestricted
funds:
General - other 21 738,418 572,417
Designated —Property 22 1,198,071 1,212,180
Designated - Regional 22 15,179 5,101
1,971,177 1,818,566

For the year ended 31 July 2023
Notes Unrestricted Designated Restricte 2023
Funds Funds d Funds Totalfunds
E E E E
Income
Donations and legacies
Donations
Value in kind 37,780 37,780
Income from charitable 5
activities 3,782,736 71,730 866,283 4,720,749
Interest and investmentincome 7 53,489 53,489
Total income 3,874,005 71,730 866,283 4,812,018
Expenditure
Charitable
activities		 3,668,461 75,761 875,642 4,619,864
Raising funds 87,202 87,202
Conference 221 221
Total expenditure 3,755,884 75,761 875,642 4,707,287
Net income / (expenditure)
and net movement in funds
in the year before (losses) on
investment 118,121 (4,031) (9,359) 104,731
(Losses) on investments 13a (14,040) (14,040)
Net income / (expenditure) 104,081 (4,031) (9,359) 90,691
Reconciliation
offunds
Total funds brought forward 868,739 1,217,281 28,868 2,114,888
Total funds carried forward 20,21,22 972,820 1,123,250 19,509 2,205,579
Notes Unrestricted Designated Restricted 2022
Funds Funds Funds Totalfunds
E E E E
Income
Valuein
kind		 14,451 14,451
Income
from		 charitable 3,193,570 55,928 718,307 3,967,805
activities
Interest and investment 14,953 14,953
income
Total income 3,222,974 55,928 718,307 3,997,209
Expenditure
Charitable
activities		 3,039,379 66,130 705,152 3,810,661
Raising funds 92,011 92,011
Conference 5,065 5,065
Total expenditure 3,136,455 66,130 705,152 3,907,737
Net income / (expenditure)
and net movement in funds
in the year before transfers
and gains on investment 86,519 (10,202) 13,155 89,472
Gains on investments 13a 8,133 8,133
Transfer offunds 20,21,22 (360) 360
Net income/(expenditure) 94,292 (10,202) 13,515 97,605
Reconciliation
offunds
Total funds brought forward 774,447 1,227,483 15,353 2,017,283
Total funds carried forward 20,21,22 868,739 1,217,281 28,868 2,114,888
Notes 2023 2022
E
Fixed Assets
Tangible fixed assets 1,228,044 1,225,478
Intangible
assets		 12 37,605 94,274
Investments 13 399,356 417,734
Trophies 14 30,237 31,076
1,695,242 1,768,562
Current Assets
Debtors 15 435,714 545,792
Cash at bank and in hand 1,168,886 1,288,044
1,604,600 1,833,836
CREDITORS: Amounts falling due within one year 16 (1,038,218) (1,222,618)
NET CURRENT ASSETS 566,382 611,218
CREDITORS: Amounts falling due after more than one 18 (170,833)
year
Provision for liabilities 17 (56,045) (94,059)
Total assets less liabilities 2,205,579 2,114,888
Funds:
Restricted
funds		 20 19,509 28,868
Unrestricted funds:
General funds 21 972,820 868,739
Designated —Property 22 1,198,071 1,212,180
Designated - Regional 22 15,179 5,101
2,205,579 2,114,888

Group Charity
2023 2022 2023 2022
f f 6 6
Operating
activities
Net income for the year
Net income for the year as per SOFA 152,611 111,793 90,691 97,605
Adjustment
for:
Depreciation
and amortisation		 charges 112,110 107,755 63,581 61,362
Losses / (gains) on investments 14,040 (8,133) 14,040 (8,133)
Dividends,
interest and rents from investment		 (58,589) (21,854) (53,489) (14,953)
Decrease
in debtors		 45,959 20,122 110,078 99,744
(Decrease) / increase
in creditors		 (130,465) 234,105 (134,400) 104,399
(Decrease) / increase
in provisions		 (38,014) 57,216 (38,014) 57,216
Net cash generated
from		 operating 97,652 501,004 52,487 397,240
activities
Investing
activities
Dividends,
interest and rent		 from investment 58,589 21,854 53,489 14,953
Investment
manager fees		 4,338 4,128 4,338 4,128
Purchase of property,
plant		 and equipment (27,489) (53,142) (27,489) (33,102)
Disposal of fixed assets 18,850 18,850
Net cash (used in) / generated from 54,288 (27,160) 49,188 (14,021)
investing
activities
Cash flow from financing activities
Repayment
of loan		 (220,833) (29,167) (220,833) (29,167)
Cash (used in) / generated from financing (220,833) (29,167) (220,833) (29,167)
activities
Net (decrease) /increase in cash and cash (68,893) 444,677 (119,158) 354,052
equivalents
Cash and cash equivalents at the
beginning
ofthe year		 1,454,591 1,009,914 1,288,044 933,992
Cash and cash equivalents at the end of 1,385,698 1,454,591 1,168,886 1,288,044
the year
Consolidated
analysis of net cash		 and cash At 1 Cash flow Non-cash At 31July
equivalents: August movement 2023
2022
Cash at bank and in hand 1,454,591 (68,893) 1,385,698
Bank loan due within
1 year		 (50,000) 50,000

Bank loan due after 1 year (170,833) 170,833
Total cash and cash equivalents 1,233,758 151,940 1,385,698

line method at the followi ng
rates:
Leasehold
buildings:		 over the life ofthe lease
Computer
equipment:		 over 3years
Fixtures and fittings: over 6years
Office equipment: over 10years

GROUP CHARITY CHARITY
Year ended Year ended Year ended Year ended
31July 31July 31July 31July
2023 2022 2023 2022
E E 6 E
Sports equipment 20,140 10,000 20,140 10,000
Sports venues 17,640 4,451 17,640 4,451
37,780 14,451 37,780 14,451

GROUP
Unrestricted Designated Restricted 2023 total
Funds Funds Funds funds
6 6 6
Domestic programmes 2,186,956 78,597 2,265,553
International programmes 234,620 49,604 284,224
Development 73,883 213,399 287,282
Football development 423,605 423,605
Engagement 14,500 47,091 61,591
Affiliation fees 1,255,430 1,255,430
Non-BUCS affiliation fees 29,242 29,242
Otherincome 17,377 71,730 24,745 113,852
3,782,766 71,730 866,283 4,720,779

GROUP
Unrestricted Designated Restricted 2022 total
Funds Funds Funds funds
E E E
Domestic programmes 1,922,845 72,004 1,994,849
International programmes 34,205 18,780 52,985
Development 39,648 224,137 263,785
Football development 7,400 324,658 332,058
Engagement 13,540 38,000 51,540
Affiliation fees 1,164,100 1,164,100
Non-BUCS affiliation fees 11,136 28,552 39,688
Otherincome 25,832 44,792 12,176 82,800
3,207,570 55,928 718,307 3,981,805

CHARITY
Unrestricted Designated Restricted 2023 total
Funds Funds Funds funds
6 6 6
Domestic programmes 2,186,926 78,597 2,265,523
International programmes 234,620 49,604 284,224
Development 73,883 213,399 287,282
Football development 423,605 423,605
Engagement 14,500 47,091 61,591
Affiliation fees 1,255,430 1,255,430
Non-BUCS affiliation fees 29,242 29,242
Otherincome 17,377 71,730 24,745 113,852
3,782,736 71,730 866,283 4,720,749
CHARITY
Unrestricted Designated Restricted 2022 total
Funds Funds Funds funds
6 6 6
Domestic programmes 1,922,845 72,004 1,994,849
International programmes 34,205 18,780 52,985
Development 39,648 224,137 263,785
Football development 7,400 324,658 332,058
Engagement 13,540 38,000 51,540
Affiliation fees 1,164,100 1,164,100
Non-BUCS affiliation fees 11,136 28,552 39,688
Otherincome 11,832 44,792 12,176 68,800
3,193,570 55,928 718,307 3,967,805

Grant income
GROUP AND CHARITY
Year ended Year ended
31July 2023 31July 2022
E E
British Curling (360)
British Universities Ice Hockey 104 8,730
Lawn Tennis Association 85,000 27,930
R&A Foundation 20,000 23,074
Rugby Football Union 25,000 21,000
Sport England 220,087 247,137
TASS 13,500
Table Tennis England 4,519
The Football Association 448,605 346,658
Other grant income 5,890
812,296 684,578

GROUP GROUP CHARITY CHARITY
Year ended Year ended Year ended Year ended
31July 31July 31July 31July
2023 2022 2023 2022
6 6 6
Bank interest, dividends and
other income 53,489 14,953 53,489 14,953
NSE royalties 5,100 6,901
58,589 21,854 53,489 14,953

GROUP Direct Support Support Year Direct Support Year
costs costs ended 31 costs costs ended 31
July 2023 July 2022
E E
Raising funds
Commercial
activities		 157,419 41,082 198,501 118,749 51,382 170,131
Conference 164,955 90,795 255,790 168,914 165,188 334,102
Winter summit 24,366 13,426 37,792
Facilities and operations forum 12,786 7,045 19,831
Investment
manager fees		 4,338 4,338 4,128 4,128
Total raising funds 363,864 152,348 516,252 291,791 216,570 508,361
Charitable
activities
Domestic programmes 2,638,224 684,329 3,322,553 2,221,435 656,451 2,877,886
International
programmes		 290,069 75,233 365,302 120,949 35,361 156,310
Development 211,564 54,872 266,436 290,353 84,888 375,241
Football development 448,604 116,351 564,955 259,357 75,826 335,183
Other expenditure 80,158 20,855 101,013 78,618 23,006 101,624
Total expenditure 4,032,523 1,103,988 5,136,511 3,262,503 1,092,102 4,354,605
Support costs —group 2023 2022
E E
Staff costs 499,995 433,027
Staff related costs 26,599 46,299
Information
communication		 technology 142,833 129,576
Marketing,
PR and media		 76,941 135,063
Office costs 80,836 81,132
Accounting
fees		 57,090 56,996
8ad debts 1,267 595
Depreciation
and amortisation		 112,110 107,754
Interest
paid		 3,371 3,441
Other costs 39,129 40,591
Insurance 17,265 14,005
Governance
costs		 46,552 43,623
Total expenditure 1,103,988 1,092,102
Support costs are allocated based on a percentage of direct costs.
Governance costs —gro up 2023 2022
E E
Audit fees 28,050 24,461
Other governance costs 18,502 19,162
Total governance costs 46,552 43,623
8 Expenditure (continued)
CHARITY Direct Support Year Direct Support Year
costs costs ended 31 costs costs ended 31
July 2023 July 2022
E E
Raising funds
Commercial activities 82,864 82,864 67,433 20,450 87,883
Conference 221 221 3,939 1,126 5,065
Investment manager fees 4,338 4,338 4,128 4,128
Total raising funds 87,423 87,423 75,500 21,576 97,076
Charitable activities
Domestic programmes 2,637,970 684,189 3,322,159 2,214,435 632,825 2,847,260
International
programmes 290,067 75,233 365,300 120,949 34,564 155,513
Development 211,564 54,872 266,436 290,353 82,975 373,328
Football development 448,605 116,351 564,956 259,357 74,117 333,474
Other expenditure 80,158 20,855 101,013 78,619 22,467 101,086
Total expenditure 3,755,787 951,500 4,707,287 3,039,213 868,524 3,907,737
Support costs —charity 2023 2022
E E
Staff costs 499,995 433,027
Staff related costs 26,052 40,320
Information communication technology 105,983 96,565
Marketing, PR and media 41,841 25,355
Office costs 78,727 79,572
Accounting fees 42,861 42,727
Bad debts 595
Depreciation and amortisation 63,580 61,360
Interest
paid		 3,371 3,441
Other costs 30,689 39,002
Insurance 16,629 13,437
Governance costs 41,772 33,123
Total expenditure 951,500 868,524
Governance costs —charity 2023 2022
E E
Audit fees 23,100 18,961
Other governance costs 18,672 14,162
Total governance costs 41,772 33,123

31July 2023 31July 2022
6 6
Total staff costs comprise the following:
Wages and salaries 1,730,857 1,366,149
Social security costs 172,989 134,453
Pension costs 103,447 78,114
2,007,293 1,578,716
No. No.
The monthly
average number of employees		 in the year was:
Leadership
team		 3 3
Other staff 42 37
The number ofemployees whose emoluments
for the year
(including
benefits
in kind		 but excluding pension
contributions)
fell within the following		 bands were: No. No.
Between E60,001-670,000
Between f80,001-E90,000
Between f90,001-f100,000

Institution Purpose ofgrant 2023 2022
E E
Inclusivity
Fund
Anglia
Ruskin
University		 Inclusivity Fund 200
Aston Students
Guild		 Inclusivity Fund 141
Bucks Students
Union		 Inclusivity Fund
200
Canterbury
Christ Church		 University Inclusivity Fund
200
De Montfort
University		 Inclusivity Fund
200
Durham
University		 Inclusivity Fund 200
Durham
University
Men's		 Football Club Inclusivity Fund 200
Edinburgh
University
Sports		 Union Inclusivity Fund 400
Greenwich
Students
Union		 Ltd Inclusivity Fund 200
Hertfordshire
Sports Village		 Inclusivity Fund
200 200
Leeds Beckett University Inclusivity Fund 400
Loughborough
Students		 Union Inclusivity Fund 200
Manchester
Metropolitan		 University Inclusivity Fund
200
Northumbria
University		 Inclusivity Fund
200
Oxford Brookes University Inclusivity Fund 200
Queen
Mary Students'
Union		 Inclusivity Fund
200
Reading
University		 Inclusivity Fund 200
Royal Hollaway
University		 of London Inclusivity Fund 200
Sheffield
Hallam
University		 Inclusivity Fund
200 200
Sports Park Inclusivity Fund 200
Surrey Sport Park Ltd Inclusivity Fund 200
Teesside University Inclusivity Fund 200
UCFB College Of Football Business Limited Inclusivity Fund
200
UCLAN Students
Union		 Inclusivity Fund 200
University
Academy 92		 Inclusivity Fund
200
University
of Brighton		 Inclusivity Fund
200 200
University
of Brunel Students		 Union Inclusivity Fund 200

University of East Anglia Inclusivity Fund
200
University of Essex Inclusivity Fund 200
University of Gloucestershire Inclusivity Fund
200
University of Hull Inclusivity Fund
200 200
University of Manchester Inclusivity Fund
200
University Nottingham Inclusivity Fund 200
University of Salford SU Inclusivity Fund
200
University of StAndrews Inclusivity Fund 340
University of Wolverhampton Inclusivity Fund
200 200
University of York Students Union Inclusivity Fund 400
Warwick University Inclusivity Fund
200
Total Grassroots
Hub Grant		 5,481 3,800
Reward and recognition
Canterbury
Christ Church		 University Reward
and recognition		 awards 750
Hertfordshire Sports Village Reward
and recognition		 awards 750
Queen
Mary		 Students'
Union		 Reward
and recognition		 awards 750
University of Brighton Reward
and recognition		 awards 1,250
Total reward and recognition 3,500
Engagement
Aston Student's
Guild		 Engagement 880
Durham University Engagement 450
Hartpury Engagement 1,430
Loughborough Students Union Engagement 880
University of Hull Engagement 850
University of Manchester Engagement 880
University of Wolverhampton Engagement 850
Warwick University Engagement 850
Total engagement 7,070
Active Project
University of Wolverhampton Active Project Grant 17,760
Total Active Project Grant 18,800

Other grants Other grants
Durham
University
Men's Football Club		 Student Support 500
JMU Services Leadership
programme		 5,000
Leeds Beckett University Research project 6,000 6,000
Northumbria
University		 Development project 5,000
Nottingham
Trent University		 Research project 4,800 7,200
Oxford Brooks University Development project 5,000
Plymouth
Marjon University		 Development project 2,500
Queen
Mary students		 Union Development project 2,500
Sporting
People		 Research project 12,000
Street Games
UK		 Student Support 1,345
Surrey sports Park Ltd Development project 2,500
Teesside University Development project 2,500
Union of Brunel students Development project 2,500
University
of Academy		 92 Development project 5,000
University
of Brighton		 Development project 15,000
University
of Essex		 Development project 2,500
University
of Hull		 Development project 7,500
University
of Leicester		 Development project 5,000
University
of Loughborough		 Development project 8,000
University
of York		 Development project 5,000
Total other grants 50,645 47,700
TOTAL GRANTS PAID TO INSTITUTIONS 73,886 62,070
TOTAL GRANTS PAID TO INDIVIDUALS 6,784 62,070
11
Tangible fixed assets
GROUP Long Leasehold Fixtures and Total
equipment 6
6
Cost
Opening
balance		 1 August 2022 1,368,602 199,451 1,568,053
Additions 27,489 27,489
At 31 July 2023 1,368,602 226,940 1,595,542
Depreciation
Opening
balance		 1 August 2022 156,422 186,153 342,575
Charge for the year 14,109 10,814 24,923
At 31 July 2023 170,531 196,967 367,498
NET BOOK VALUE NET BOOK VALUE NET BOOK VALUE
At 31 July 2023 1,198,071 29,973 1,228,044
At 31 July 2022 1,212,180 13,298 1,255,478
CHARITY Long Leasehold Fixtures and Total
equipment E
E
Cost
Opening balance 1 August 2022 1,368,602 198,139 1,566,741
Additions 27,489 27,489
At 31 July 2023 1,368,602 225,628 1,594,230
Depreciation
Opening balance 1 August 2022 156,422 184,841 341,263
Charge for the year 14,109 10,814 24,923
At 31 July 2023 170,531 195,655 366,186
NET BOOK VALUE
At 31 July 2023 1,198,071 29,973 1,228,044
At 31 July 2022 1,212,180 13,298 1,225,478

GROUP Digital systems
E
Cost
Opening balance 1 August 2022 623,575
Disposals (18,850)
At 31 July 2023 604,725
Amortisation
Opening balance 1 August 2022 432,444
Charge for the year 86,348
At 31 July 2023 518,792
NET BOOK VALUE
At 31 July 2023 85,933
At 31 July 2022 191,131
CHARITY Digital systems
Cost
Opening balance 1 August 2022 212,631
Disposals (18,850)
193,781
At 31 July 2023
Amortisation
Opening balance 1 August 2022 118,357
Charge for the year 37,819
156,176
At 31 July 2023
NET BOOK VALUE
At 31 July 2023 37,605
At 31 July 2022 94,274

GROUP GROUP CHARITY
2023 2022 2023 2022
E E 6 E
Listed Investments (note 13a) 384,256 402,634 384,256 402,634
Investment
in subsidiary
(note 13b)		 100 100
Unlisted
Investment		 (note 13c) 15,000 15,000 15,000 15,000
399,256 417,634 399,356 417,734
13a —Listed investments GROUP CHARITY
2023 2022 2023 2022
6 6 6
Opening
balance
1		 August 2022 402,634 398,629 402,634 398,629
Investment
manager fees		 (4,338) (4,128) (4,338) (4,128)
Unrealised
investment
(loss) / gain		 (14,040) 8,133 (14,040) 8,133
Closing balance 31 July 2023 384,256 402,634 384,256 402,634
Historical cost 189,133 189,133 189,133 189,133
Investments
are UK investments		 and are held in COIF Charities Investment Fund Units, primarily to provide an
investment
return.
13b- Investment in subsidiary GROUP CHARITY
2023 2022 2023 2022
6 f 6
BUCS Trading
Ltd		 100 100
BUCSTrading
Limited was incorporated		 in England in January 2010and BUCS owns 100%ofthe issued share
capital. The purpose ofthe company is to develop commercial opportunities and income.
13c—Unlisted
investment		 GROUP CHARITY
2023 2022 2023 2022
6 6 6 E
Bench Freehold
Ltd		 15,000 15,000 15,000 15,000

GROUP AND CHARITY
2023 2022
E E
COST
Opening balance at 1 August 2022 31,076 31,915
Depreciation (839) (839)
Closing balance 31 July 2023 30,237 31,076

GROUP CHARITY
2023 2022 2023 2022
E E E 6
Trade debtors 121,893 190,642 46,450 64,022
Prepayment and accrued income 75,270 47,601 55,471 47,601
Amount
due		 from subsidiary 331,951 427,448
Other debtors 1,842 1,180 1,842 1,180
Other taxation 5,541 5,541
199,005 244,964 435,714 545,792

GROUP CHARITY
2023 2022 2023 2022
6
Bank loan 50,000 50,000
Trade creditors 433,342 275,328 221,941 71,377
Other taxation and social security costs 47,527 33,101 47,505 33,101
Accruals and deferred income 717,166 973,482 669,084 922,011
Other creditors 102,916 149,505 99,688 146,129
1,300,951 1,481,416 1,038,218 1,222,618
GROUP CHARITY
2023 2022 2023 2022
6
Deferred income comprises:
Deferred income at 31 July 2022 730,194 788,496 689,485 678,389
Deferred in the year 528,632 730,194 501,509 689,485
Released in the year (730,194) (788,496) (689,485) (678,389)
Deferred income at 31 July 2023 528,632 730,194 501,509 689,485

GROUP AND CHARITY 2023 2022
E f
As at 1 August 2022 94,059 36,843
Charged to the SOFA (38,014) 57,216
As at 31 July 2023 56,045 94,059
Payable
by instalments
Within one year 4,174 5,803
1 to 2 years 4,154 5,844
2 to 5 years 12,084 17,790
After 5 years 35,633 64,622
56,045 94,059

GROUP AND CHARITY 2023 2022
6
Amounts failing due within 1 year 50,000
Amounts falling due within 1-2 years 50,000
Amounts
falling due within 2-5 years		 Amounts
falling due within 2-5 years		 Amounts
falling due within 2-5 years		 120,833 120,833
As at 31July 2023 220,833
20 Restricted funds
GROUP 1 August Income Expenditure Transfers 31July
2022 E E 2023
6 E
Chris Potter Award Fund 1,002 750 (750) 1,002
The Football Association 448,605 (448,605)
R&A Foundation 20,000 (20,000)
Sport England 220,087 (220,087)
Lawn Tennis Association 85,000 (85,000)
Rugby Football Union 25,000 (25,000)
English
Universities		 27,866 53,237 (62,596) 18,507
British Universities Ice
Hockey Association 104 (104)
TASS 13,500 (13,500)
Total 28,868 866,283 (875,642) 19,509
GROUP 1 August Income Expenditure Transfers 31July
2021 2022
6 6
Chris Potter Award Fund 1,002 1,002
The Football Association 346,659 (346,659)
Volleyball 2,298 (2,298)
R&A Foundation 23,074 (23,074)
Sport England 247,137 (247,137)
Lawn Tennis Association 27,930 (27,930)
Rugby Football Union 21,000 (21,000)
English
Universities		 12,053 40,729 (24,916) 27,866
British Universities Ice
Hockey Association 8,730 (8,730)
British Curling (360) 360
Table Tennis England 4,518 (4,518)
Other restricted
funds		 5,890 (5,890)
Total 15,353 725,307 (712,152) 360 28,868
CHARITY 1 August Income Expenditure Transfers 31July
2022 E E 6 2023
6 E
Chris Potter Award Fund 1,002 750 (750) 1,002
The Football Association 448,605 (448,605)
RBrA Foundation 20,000 (20,000)
Sport England 220,087 (220,087)
Lawn Tennis Association 85,000 (85,000)
Rugby Football Union 25,000 (25,000)
English
Universities		 27,866 53,237 (62,596) 18,507
British Universities Ice
Hockey Association 104 (104)
TASS 13,500 (13,500)
Total 28,868 866,283 (875,642) 19,509

GROUP 1 August Income Expenditure Gain on Transfers 31July
2022 investment 2023
E E E
General funds 572,417 4,365,149 (4,185,108) (14,040) 738,418
Total 572,417 4,365,149 (4,185,108) (14,040) 738,418
GROUP 1 August Income Expenditure Gain on Transfers 31July
2021 investment 2022
E
General funds 463,937 3,677,030 (3,576,323) 8,133 (360) 572,417
Total 463,937 3,677,030 (3,576,323) 8,133 (360) 572,417
CHARITY 1 August Income Expenditure Gain on Transfers 31July
2022 investment 2023
E E E E
General funds 868,739 3,874,005 (3,755,884) (14,040) 972,820
Total 868,739 3,874,005 (3,755,884) (14,040) 972,820
CHARITY 1 August Income Expenditure Gain on Transfers 31July
2021 investment 2022
E E E E E E
General funds 774,447 3,222,974 (3,136,455) 8,133 (360) 868,739
Total 774,447 3,222,974 (3,136,455) 8,133 (360) 868,739

GROUP AND CHARITY 1 August Income Expenditure Transfers 31July
2022 2023
E E
Property fund 1,212,180 (14,109) 1,198,071
LUSL 3,907 71,217 (61,326) 13,798
Yorkshire Region 1,194 513 (326) 1,381
Total 1,217,281 71,730 (75,761) 1,213,250
GROUP AND CHARITY 1 August Income Expenditure Transfers 31July
2021 2022
6 E E
Property fund 1,226,289 (14,109) 1,212,180
LUSL 55,928 (52,021) 3,907
Yorkshire Region 1,194 1,194
Total 1,227,483 55,928 (66,130) 1,217,281
GROUP General Designated Restricted Total Funds
Funds Funds Funds
Fund balances at 31 July 2023 are represented
by:
Tangible fixed assets 29,973 1,198,071 1,228,044
Intangible assets 85,933 85,933
Investments 399,256 399,256
Trophies 30,237 30,237
Net current assets 249,064 15,179 19,509 283,752
Provision for pension deficit (56,045) (56,045)
Total 738,418 1,213,250 19,509 1,971,177
GROUP General Designated Restricted Total Funds
Funds Funds Funds
Fund balances at 31 July 2022 are represented
by:
Tangible fixed assets 13,298 1,212,180 1,225,478
Intangible assets 191,131 191,131
Investments 417,634 417,634
Trophies 31,076 31,076
Net current assets 184,170 5,101 28,868 218,139
Loan (170,833) (170,833)
Provision for pension deficit (94,059) (94,059)
Total 572,417 1,217,281 28,868 1,818,566
CHARITY General Designated Restricted Total Funds
Funds Funds Funds
Fund balances at 31 July 2023 are represented
by:
Tangible fixed assets 29,973 1,198,071 1,228,044
Intangible assets 37,605 37,605
Investments 399,356 399,356
Trophies 30,237 30,237
Net current assets 531,694 15,179 19,509 566,382
Provision for pension deficit (56,045) (56,045)
CHARITY General Designated Restricted Total Funds
Funds Funds Funds
E 6 E E
Fund balances at 31 July 2022 are
represented by:
Tangible fixed assets 13,298 1,212,180 1,225,478
Intangible assets 94,274 94,274
Investments 417,734 417,734
Trophies 31,076 31,076
Net current assets 577,249 5,101 28,868 611,218
Loan (170,833) (170,833)
Provision for pension deficit (94,059) (94,059)
Total 868,739 1,217,281 28,868 2,114,888

2023 2022
Discount rate 4.60% 2.80%
Pensionable
salary		 growth n/a n/a
Pensions increases (CPI) 300% 300%
2023 2022
Mortality
base table		 101'/o of S2PMA 'light' for males 101'/o of S2PMA 'light' for males
and 95'/o of S3PFA for females and 95/o of S3PFA for females
Future improvements CMI 2019with a smoothing CMI 2019with a smoothing
to mortality parameter
of		 7.5 and initial addition parameter
of7.5 and		 initial addition
of0.50'/o pa and long-term of0.50/o pa and long-term
improvement rate of 1.80'/o pa for improvement rate of 1.80'/o pa for
males and 1.6'/o pa for females. males and 1.6'/o pa for females.
Use ofthese mortality tables reasonable reflects the actual USS experience. The current life expectancies
on retirement
at age		 65 are:
2023 2022
Life expectancy:
Males aged 65 24.4 24.4
Females aged 65 25.9 25.9
Males aged 45 26.3 26.3
Females aged 45 27.7 27.7
2023 2022
Scheme assets E73.1bn E66.5bn
Tota I scheme
liabilities		 E77.5bn E80.6bn
FR5102total scheme deficit E4.4bn E14.1bn
FRS102total funding level 94'/o 83o/o
2023 2022
E E
Pension scheme deficit at year end 56,045 94,059

2023
Institution Trustee Income Expenditure Debtor Creditor
E E
University of Birmingham George Christian,
Chris Anthony 85,749 (10,063) 127
Leeds University Union Ella Williams 66,387 (250) 390 (300)
Scottish Student Sport Catherine
Gallagher (87,402)
University of Leeds Ella Williams 410 (136,861) (594) (158,388)
Lawn Tennis Association Born Barikor
(resigned
14
February 2023) 25,000
Our Parks Born Barikor
(resigned
14
February 2023) 30,000
National Students Esports Limited Duncan Jones 5,100
2022
Institution Trustee Income Expenditure Debtor Creditor
E E E E
University of Law Craig Mahoney 1,325 (699) 18
University of Birmingham George Christian,
Chris Anthony 76,369 6,078
Northumbria University Josef Baines 26,491 (200) (20)
University of Sterling Catherine
Gallagher		 50,895 2,312
Scottish Student Sport Catherine
Gallagher		 (45,228)
Lawn Tennis Association Born Barikor 17,000 (8,836) (690)
Our parks Born Barikor 30,000
Bench Freehold 1,500
National Students Esports Limited Duncan Jones 6,901

2023 2022
E E
Profit and loss account extract:
Turnover 486,330 461,056
Cost of sales (179,480) (170,857)
Gross profit 306,850 290,199
Operating costs (249,912) (276,016)
Otherincome 5,000
Operating profit for the financial year 61,938 14,183
Assets 360,383 389,665
Liabilities (594,838) (686,058)
Funds (234,455) (296,393)