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||||||Page|
|---|---|---|---|---|---|
|Trustees'<br>Report||||||
|Independent|Auditors'|Report|||16|
|Consolidated|statement|of financial||activities|19|
|Consolidated|balance sheet||||21|
|Charity statement<br>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<br>The Princess Royal||||||
|Chair|||Professor Craig Mahoney<br>(resigned<br>19/06/2023)||||||
||||Russell James (Senior Independent<br>Director, Acting Chair)||||||
|Directors|||Born Barikor (resigned<br>14/02/2023)||||||
||||Carrie Stephenson<br>(appointed<br>26/07/2023)||||||
||||Catherine<br>Gallagher||||||
||||Christopher<br>Anthony||||||
||||Ella Williams<br>(appointed<br>26/07/2023)||||||
||||George Christian||||||
||||Jennifer Agnew (resigned<br>23/01/2023)||||||
||||Josef Baines (resigned<br>23/01/2023)||||||
||||Kathleen<br>Russ (appointed<br>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<br>CEO, appointed|29/09/2023)|||||
|Company|Secretary||Duncan Jones (resigned<br>19/10/2023)||||||
||||Jessica Melling<br>(appointed<br>19/10/2023)||||||
|Registered||office|20-24 King's Bench Street London SE1|OQX|||||
|Principal bankers|||Royal Bank of Scotland, London<br>City Office, 62-63 Threadneedle|||||Street|
||||London<br>EC2R BLA||||||
|Independent||auditor|Haysmacintyre<br>LLP, 10Queen Street Place, London,||EC4R 1AG||||
|Solicitors|||Sport and Recreation Alliance<br>Legal Panel Framework,|||Holborn||Tower,|
||||137-14SHigh Holborn,<br>London, WC1V|6PL|||||
|Investment||managers|CCLA Investment<br>Management<br>Limited|80Cheapside,||London|EC2Y 6DZ||
|Company|number||06483060 (England &Wales)||||||
|Charity number|||1126863(England<br>8t Wales)||||||
||||SC041947 (Scotland)||||||





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



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## 

|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<br>partners|260|
|Other income|774|



## 

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



## 

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



## 

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






## 

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## 


|||||Notes|Unrestricted|Designated|Restricted|2023|
|---|---|---|---|---|---|---|---|---|
||||||Funds|funds|Funds|Total funds|
||||||||E|E|
|Income|||||||||
|Donations<br>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<br>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<br>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<br>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<br>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<br>in funds|in|the|year||||||
|before|||||||||
|transfers<br>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<br>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<br>funds|||20|19,509|28,868|
|Unrestricted<br>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<br>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<br>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<br>kind|||14,451|||14,451|
|Income<br>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<br>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<br>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<br>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<br>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<br>activities||||||||
|Net income for the year||||||||
|Net income for the year as|per|SOFA||152,611|111,793|90,691|97,605|
|Adjustment<br>for:||||||||
|Depreciation<br>and amortisation||charges||112,110|107,755|63,581|61,362|
|Losses / (gains) on investments||||14,040|(8,133)|14,040|(8,133)|
|Dividends,<br>interest and rents from investment||||(58,589)|(21,854)|(53,489)|(14,953)|
|Decrease<br>in debtors||||45,959|20,122|110,078|99,744|
|(Decrease) / increase<br>in creditors||||(130,465)|234,105|(134,400)|104,399|
|(Decrease) / increase<br>in provisions||||(38,014)|57,216|(38,014)|57,216|
|Net cash generated<br>from|operating|||97,652|501,004|52,487|397,240|
|activities||||||||
|Investing<br>activities||||||||
|Dividends,<br>interest and rent|from||investment|58,589|21,854|53,489|14,953|
|Investment<br>manager fees||||4,338|4,128|4,338|4,128|
|Purchase of property,<br>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<br>activities||||||||
|Cash flow from financing|activities|||||||
|Repayment<br>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<br>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<br>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<br>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|





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



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## 

||||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<br>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<br>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<br>activities||||||||||
|Domestic programmes|||2,638,224|684,329||3,322,553|2,221,435|656,451|2,877,886|
|International<br>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<br>communication||technology||||||142,833|129,576|
|Marketing,<br>PR and media||||||||76,941|135,063|
|Office costs||||||||80,836|81,132|
|Accounting<br>fees||||||||57,090|56,996|
|8ad debts||||||||1,267|595|
|Depreciation<br>and amortisation||||||||112,110|107,754|
|Interest<br>paid||||||||3,371|3,441|
|Other costs||||||||39,129|40,591|
|Insurance||||||||17,265|14,005|
|Governance<br>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<br>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<br>average number of employees||||in the year was:|||
|Leadership<br>team|||||3|3|
|Other staff|||||42|37|
|The number ofemployees|whose emoluments<br>for the year||||||
|(including<br>benefits<br>in kind|but excluding||pension||||
|contributions)<br>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<br>Fund|||||||||
|Anglia<br>Ruskin<br>University|||||Inclusivity|Fund||200|
|Aston Students<br>Guild|||||Inclusivity|Fund|141||
|Bucks Students<br>Union|||||Inclusivity|Fund|||
|||||||||200|
|Canterbury<br>Christ Church||University|||Inclusivity|Fund|||
|||||||||200|
|De Montfort<br>University|||||Inclusivity|Fund|||
|||||||||200|
|Durham<br>University|||||Inclusivity|Fund|200||
|Durham<br>University<br>Men's||Football Club|||Inclusivity|Fund|200||
|Edinburgh<br>University<br>Sports|||Union||Inclusivity|Fund|400||
|Greenwich<br>Students<br>Union||Ltd|||Inclusivity|Fund|200||
|Hertfordshire<br>Sports Village|||||Inclusivity|Fund|||
||||||||200|200|
|Leeds Beckett University|||||Inclusivity|Fund|400||
|Loughborough<br>Students|Union||||Inclusivity|Fund|200||
|Manchester<br>Metropolitan||University|||Inclusivity|Fund|||
|||||||||200|
|Northumbria<br>University|||||Inclusivity|Fund|||
|||||||||200|
|Oxford Brookes University|||||Inclusivity|Fund|200||
|Queen<br>Mary Students'<br>Union|||||Inclusivity|Fund|||
|||||||||200|
|Reading<br>University|||||Inclusivity|Fund|200||
|Royal Hollaway<br>University||of|London||Inclusivity|Fund|200||
|Sheffield<br>Hallam<br>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<br>Union|||||Inclusivity|Fund|200||
|University<br>Academy 92|||||Inclusivity|Fund|||
|||||||||200|
|University<br>of Brighton|||||Inclusivity|Fund|||
||||||||200|200|
|University<br>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<br>Hub Grant||||||||5,481|3,800|
|Reward|and|recognition||||||||
|Canterbury<br>Christ Church||||University|Reward<br>and recognition||awards||750|
|Hertfordshire||Sports Village|||Reward<br>and recognition||awards||750|
|Queen<br>Mary||Students'<br>Union|||Reward<br>and recognition||awards||750|
|University|of|Brighton|||Reward<br>and recognition||awards||1,250|
|Total reward||and recognition|||||||3,500|
|Engagement||||||||||
|Aston Student's<br>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<br>University<br>Men's Football Club||Student Support|||500||
|JMU Services||Leadership<br>programme|||5,000||
|Leeds Beckett University||Research project|||6,000|6,000|
|Northumbria<br>University||Development|project||5,000||
|Nottingham<br>Trent University||Research project|||4,800|7,200|
|Oxford Brooks University||Development|project||5,000||
|Plymouth<br>Marjon University||Development|project|||2,500|
|Queen<br>Mary students|Union|Development|project|||2,500|
|Sporting<br>People||Research project||||12,000|
|Street Games<br>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<br>of Academy|92|Development|project||5,000||
|University<br>of Brighton||Development|project|||15,000|
|University<br>of Essex||Development|project|||2,500|
|University<br>of Hull||Development|project|||7,500|
|University<br>of Leicester||Development|project||5,000||
|University<br>of Loughborough||Development|project||8,000||
|University<br>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<br>Tangible fixed assets|||||||
|GROUP||Long Leasehold||Fixtures and|Total||
|||||equipment|6||
|||||6|||
|Cost|||||||
|Opening<br>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<br>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<br>in subsidiary<br>(note 13b)||||||||100|100|
|Unlisted<br>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<br>balance<br>1|August 2022|||402,634|398,629|||402,634|398,629|
|Investment<br>manager fees||||(4,338)||(4,128)||(4,338)|(4,128)|
|Unrealised<br>investment<br>(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<br>are UK investments||and|are held in COIF Charities|||Investment|Fund Units, primarily to provide an|||
|investment<br>return.||||||||||
|13b- Investment|in subsidiary|||GROUP||||CHARITY||
|||||2023||2022||2023|2022|
|||||6||||f|6|
|BUCS Trading<br>Ltd||||||||100|100|
|BUCSTrading<br>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<br>investment||||GROUP||||CHARITY||
|||||2023||2022||2023|2022|
|||||6||6||6|E|
|Bench Freehold<br>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<br>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<br>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<br>falling due within 2-5 years|Amounts<br>falling due within 2-5 years|Amounts<br>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<br>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<br>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<br>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<br>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<br>salary|growth|n/a|n/a|
|Pensions increases|(CPI)|300%|300%|





|||||2023|||||2022|
|---|---|---|---|---|---|---|---|---|---|
|Mortality<br>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<br>of||7.5 and initial addition|parameter<br>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<br>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<br>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<br>14|||||
|||||February 2023)|25,000||||
|Our Parks||||Born Barikor|||||
|||||(resigned<br>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<br>Gallagher|50,895||2,312||
|Scottish Student|||Sport|Catherine<br>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)|