2022-06-30-accounts

					Page
Reference and Administrative			Details ofthe Charity,	its Trustees and Advisers
Trustees' Report					2-8
Independent	Auditors'	Report			9-12
Consolidated	Statement of Financial Activities				13
Consolidated	Balance	Sheet			14-15
Charity Balance Sheet					16 ~ 17
Consolidated	Statement ofCash Flows				18
Notes to the	Financial	Statements			19 ~ 41

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS	ADMINISTRATIVE DETAILS	ADMINISTRATIVE DETAILS	OF THE CHARITY, ITSTRUSTEES AND ADVISERS	OF THE CHARITY, ITSTRUSTEES AND ADVISERS
			FOR THE		YEAR	ENDED 30JUNE 2022
Trustees			The Rt. Hon. Lord		Smith	of Finsbury PC MA PhD, Chair
			Sir CJGreenwood
			Mr D H Branch MA (Cantab)
			Ms A A K Taylor	MA (Hons)			(Cantab)
			Mr N Heath, MA,	FRICS
			Ms R Green MA	(Cantab)
			Mr D N Robinson		MA (Cantab) FCA
			Mr P Harrison (appointed			15December 2022)
			Mr G Christopher		(appointed		1 December 2022)
			Mr DT Eagleson		(appointed		26 April 2022)
Company	registered
number			07091173
Charity registered
number			1136030
Registered		office	9A Bridge Street
			Cambridge
			CB2 1UB
Bursar			Mr J J Brown
Independent		auditors	Peters Elworthy	& Moore
			Chartered Accountants
			Salisbury House
			Station Road
			Cambridge
			CB1 2LA
Bankers			Lloyds Bank Pic
			3Sidney Street
			Cambridge
			CB2 3HQ
			HSBC Bank Pic
			32 Market Hill
			Cambridge
			CB2 3NU
Solicitors			Howes Percival
			Terrington House
			13-15Hills Road
			Cambridge
			CB2 1NL
Investment		Managers	Quilter Cheviot
			One Kingsway
			London
			WC2B 6AN

		Unrestricted	Total	Total
		funds	funds	funds
	Note	2022 6	2022f	2021 6
INCOME FROM:
Donations and legacies		3,240	3,240	312
Charitable activities		396,361	396,361	264,728
Other trading activities:
Fundraising		77,455	77,455	50,368
Trading activities		1,629,460	1,629,460	140,996
Investments		77,922	77,922	130,203
Other income		840	840	58,708
TOTAL INCOIIE		2,185,278	2,185,278	645,315
EXPENDITURE ON:
Raising funds:
Fundraising trading				262,300
Investment management		6,762	6,762	1,768
Other raising funds		1,403,197	1,403,197	52,908
Charitable activities	10	891,476	891,476	677,227
TOTAL EXPENDITURE		2,301,435	2,301,435	994,203
NET EXPENDITURE BEFORE NET LOSSES ON
INVESTMENTS		(116,157)	(115,157)	(348,888)
Net losses on investments	15	(68,930)	(68,930)	(1,721,344)
NET MOVEMENT IN FUNDS		(185,087)	(185,087)	(2,070,232)
RECONCILIATION OF FUNDS:
Total funds brought forward		9,339,853	9,339,853	11,410,085
Net movement in funds		(185,087)	(185,087)	(2,070,232)
TOTAL FUNDS CARRIED FORWARD		9,154,766	9,154,766	9,339,853

		CONSOLIDATED	BALANCE SHEET
		AS AT 30	JUNE 2022
			2022		2021
		Note	E		E
FIXEDASSETS
Tangible assets		13	8,999,727		9,101,922
Investments		15	799,837		1,067,330
Investment property		14	1,000,000		1,000,000
			10,799,564		11,169,252
CURRENT ASSETS
Stocks		17	27,682	18,040
Debtors		16	272,800	77,763
Cash at bank and	in hand		537,480	228,743
			837,962	324,546
Creditors: amounts	falling due within	one
year		19	(986,343)	(558,604)
NET CURRENT LIABILITIES			(148,381)		(244,058)
TOTAL ASSETSLESSCURRENT
LIABILITIES			10,651,183		10,925,194
Creditors: amounts	falling due aRer	more
than one year		20	(1,496,417)		(1,585,341)
TOTAL NET ASSETS			9,154,766		9,339,853
CHARITY FUNDS
Unrestricted funds			9,154,766		9,339,853
TOTAL FUNDS			9,154,766		9,339,853

		CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
		AS AT 30JUNE 2022
			2022		2021
		Note	6		E
FIXEDASSETS
Tangible assets		13	8,999,727		9,101,922
Investments		15	799,838		1,067,331
Investment property		14	1,000,000		1,000,000
			10,799,565		11,169,253
CURRENT ASSETS
Debtors		18	318,727	158,235
Cash at bank and in hand			297,572	214,901
			616,299	373,136
Creditors: amounts	falling due within one
year		19	(764,681)	(465,739)
NET CURRENT LIABILITIES			(148,382)		(92,603)
TOTAL ASSETSLESSCURRENT
LIABILITIES			10,651,183		11,076,650
Creditors: amounts	falling due after more
than one year		20	(1,496,417)		(1,585,341)
TOTAL NET ASSETS			9,154,766		9,491,309
CHARITY FUNDS
Unrestricted funds		22	9,154,766		9,491,309
TOTAL FUNDS			9,154,766		9,491,309

					2022	2021
				Note	6	F
CASH FLOWS FROM OPERATING	ACTIVITIES
Net cash used in operating activities				24	147,442	(2,332,587)
CASH FLOWS FROM INVESTING	ACTIVITIES
Dividends, interests and rents from	investments				77,922	130,203
Purchase oftangible fixed assets					(83,580)	(1,563,343)
Net movement on investments					198,563	92,965
NET CASH PROVIDED BY/(USED	IN) INVESTING		ACTIVITIES		192,905	(1,340,175)
CASH FLOWS FROM FINANCING	ACTIVITIES
Cash inflows from new borrowing						1,500,000
Repayments of borrowing					(31,610)
NET CASH (USED IN)/PROVIDED	BYFINANCING		ACTIVITIES		(31,610)	1,500,000
CHANGE IN CASH AND CASH EQUIVALENTS		IN	THE YEAR		308,737	(2,172,762)
Cash and cash equivalents at the beginning ofthe year					228,743	2,401,505
CASH AND CASH EQUIVALENTS	AT THE END	OF THE YEAR		25	537,480	228,743

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
					E
Member	subscriptions		351,901	351,901	213,728
Debating	event and competition	income	44,460	44,460	51,000
Total 2022			396,361	396,361	264,728
Total202	1		264,728	264,728

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			E	F	E
Advertising	and sponsorship		77,455	77,455	49,467
Merchandise	and 200th anniversary	income			401
Other income					500
TOTAL 2022			77,455	77,455	50,368
TOTAL202	1		50,368	50,368

Income from trading subsidiary
Bar, coffee shop, room hire and events income
Expenditure from trading subsidiary
Bar, coffee shop, room hire and events expenses
Net (loss) I income from trading activities

Unrestricted
funds	Total funds	Total funds
2022	2022	2021
E	F	6
1,629,460	1,629.460	136,006
(1,265,335)	(1,265,335)	(275,626)
364,125	364,125	(139,620)

	Unrestricted	Total	Total
	funds	funds	funds
	2022	2022	2021
	K	6	E
Rents	59,723	59,723	110,180
Dividends	18,199	18,199	19,934
Deposit interest			89
Total 2022	77,922	77,922	130,203
Total 2021	130,203	130,203

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				8	F
Other income			840	840
Coronavirus	job retention	scheme income			46,708
Covid Support Grants					12,000
			840	840	58,708
Total2021			58,708	58,708

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				6	E
Investment	management	fees	6,762	6,762	1,768
Total 2021			1,768	1,768

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2022	2022	2022	2021
		6	8	6	E
Membership	and speakers	423,142	379,530	802,672	665,139
Competitive	debating	88,804		88,804	12,088
Total 2022		511,946	379,530	891,476	677,227
Total2021		272,726	404,501	677,227

			Membership
			and	Competitive	Total	Total
			speakers	debating	funds	funds
			2022	2022	2022	2021
			6	6		6
Depreciation			185.775		185,775	93,906
Advertising	and publicity		19,353	2,710	22,063	18.885
Membership	administration		3,169		3,169	1,407
Premises' costs			194,145		194,145	135,591
Member events and tours			20,700		20,700	10,849
ICYD Expenses						1,475
Cambridge	and external	IV		10,964	10,964	2,696
Debating competitions				9,319	9,319	5,497
Debate dinners				65,811	65,811	2,420
Total 2022			423,142	88,804	511,946	272,726
Total 2021			260,638	12,088	272,726

				Support	Total	Total
				costs	funds	funds
				2022	2022	2021
				E	E	E
Staff costs				200,128	200,128	230,196
Legal and professional	fees			(16,253)	(16,253)	11,511
Office Costs				109,467	109,467	142,864
Provision for bad and	doubtful	debts		13,362	13,362	(1,678)
Auditor's remuneration				21,775	21,775	9,050
Auditor's remuneration	- non-audit		costs	3,615	3,615	1,275
Interest on loan				47,436	47,436	11,283
Total 2022				379,530	379,530	404,501
Total2021				404,501	404,501

					2022	2021
					E	E.
Fees payable	to the Charity's	auditor	for the audit ofthe Charity's	annual
accounts					10,175	9,050
Fees payable	to the Charity's	auditor	in respect of:
All non-audit	services not included above				3,615	1,275

STAFF COS	TS
							Group	Group	Charity	Charity
							2022	2021	2022	2021
							6	E		6
Wages and salaries							754,272	381,097	167,706	196,293
Social security costs							20,108	19,973	16,366	16,267
Other pension	costs						48,813	22,243	16,056	17,636
							823,193	423,313	200,128	230,196
The average	number	of persons		employed		by	the Charity duding the year was		as follows;
							Group	Group	Charity	Charity
							2022	2021	2022	2021
							No.	No.	No.	No.
Total								19
The number	of employees		whose		employee		benefits (excluding	employer	pension costs)	exceeded
660,000was:

Group	Group
2022	2021
No.	No.

		Furniture,
	Land and	fittings and	Improve-
	buildings	computer	ments to
	(Valuation)	equipment	building	Total
	5	5	5	6
Cost or valuation
At 1 July 2021	9,475,518	525,671	206,647	10,207,836
Additions	76,657	6,923		83,580
At 30June 2022	9,552,175	532,594	206,647	10,291,416
Depreciation
At1 July2021	475,517	463,279	167,118	1,105,914
Charge for the year	157,681	19,994	8,100	185,775
At 30June 2022	633,198	483,273	175,218	1,291,689
Net book value
At 30June 2022	8,918,977	49,321	31,429	8,999,727
At 30June 2021	9,000,001	62,392	39,529	9,101,922

	Freehold
	investment
	property
	F
Valuation
At 1 July 2021	1,000,000
At 30June 2022	1,000,000
Charity
	Freehold
	investment
	property
	E
Valuation
At 1 July 2021	1,000,000
At 30June 2022	1,000,000

			Cash held at
		Listed	investment
		securities	manager	Total
Group		6
Cost or valuation
At1 July2021		1,032,682	34,648	1,067,330
Additions		123,755		123,755
Disposals (Proceeds: 6361,598)		(387,160)		(387,160)
Revaluations		(39,323)		(39,323)
Movement on cash			35,235	35,235
AT 30JUNE 2022		729,954	69,883	799,837
Net book value
AT 30JUNE 2022		729,954	69,883	799,837
At 30June 2021		1,032,682	34,648	1,067,330
	Investments
	in		Cash held at
	subsidiary	Listed	investment
	companies	securities	manager	Total
Charity	E	F	f.
Cost or valuation
At 1 July 2021		1,032,682	34,648	1,067,331
Additions		123,755		123,755
Disposals (Proceeds: F361,598)		(387,160)		(387,160)
Revaluations		(39,323)		(39,323)
Movement on cash			35,235	35,235
AT 30JUNE 2022		729,954	69,883	799,838
Net book value
AT 30JUNE 2022	1	729,954	69,883	799,838
At 30June 2021	1	1,032,682	34,648	1,067,331

The financial	results	ofthe	subsidiary	for	the year were:
Name					Income	Expenditure	Profit/(Loss)	Net assets
					5	5	/ Surplus/	5
							(Deficit) for
							the year
							5
Cambridge	Union Society		Enterprises		1,629,460	(1,403,197)	226,263
Limited
Profit and Loss Account
							2022	2021
							5	5
Turnover							1,629,460	140,996
Cost ofsales							~1265335	~271 4911
Gross profit							364,125	(130,495)
Administrative expenses							(130,349)	(43,717)
Other income: Coronavirus			job retention		scheme income		~75133	22 756
Profit for the year Amount covenanted		to Parent Co					226,263 ~74 2671	(151,456)
Retained in	subsidiary						151,456	(151,456)
Balance Sheet
							2022	2021
							E
Current Assets							546,547	50,413
Current liabilities							(546,546)	(201,868)
Aggregate	share capital		and reserves				1	(151,455)

STOCKS
								Group	Group
								2022f	2021f
Finished goods		and goods			for resale			27,682	18,040
DEBTORS
						Group	Group	Charity	Charity
						2022f	2021f	2022f	2021
Due within one year
Trade debtors						253,823	8,644	87,478	4,980
Amounts owed		by group undertakings						216,022	78,269
VAT recoverable						3,750	50,262		55,490
Prepayments	and accrued				income	15,227	18,857	15,227	19,496
						272,800	77,763	318,727	158,235
CREDITORS:		AMOUNTS			FALLING DUE WITHIN ONE YEAR
						Group	Group	Charity	Charity
						2022 f	2021 f	2022f	2021
Bank loans						126,442	42,516	126,442	42,618
Trade creditors						282,544	140,462	94,959	77,281
Amounts owed		to group undertakings						171,696	20,024
Unfunded pension			liability			3,663	3,663	3,663	3,663
Other taxation		and	social		security	82,325	19,913	31,375	8,581
Other creditors						80,053	36,253	53,766	17,254
Accruals and	deferred			income		411,316	325,695	282,780	296,318
						986,343	568,604	764,681	465,739

						Group		Group	Charity	Charity
						2022 6		2021 6	2022	2021f
Bank loans						1,341,948	1,457,382		1,341,948	1,457,382
Unfunded pension			liability			30,394		31,894	30,394	31,894
Accruals and	deferred			income		124,075		96,065	124,075	96,065
						1,496,417	1,585,341		1,496,417	1,585,341
Bank loan is	secured			over the freehold	property	and incurs	interest	at a rate	of 2.75% over	the Bank o
England base		rate	per annum.
DEFERRED INCOME				(GROUP AND COMPANY)
						Deferred			Released	Deferred
						income at			to	income at
						30June	Received in		incoming	30June
						2021		year	resources	2022
						6			5	6
Lifetime members			subscription			247,208	371,928		(315,925)	303,211
Rental income								50,000	(37,500)	12,500
Sponsorship	income					4,500		4,500	(4,500)	4,500
						247,208	421,928		(353,425)	320,211
Total
Deferred income at 30June 2022 is analysed
as:
										2022
										6
To be released		within		one year						196,235
To be released		after more than one year								123,976
										320,211
Total deferred		income

						Balance at
		Balance at 1			Gains/	30June
		July 2021f	Income f	Expenditure f	(Losses) f	2022
Unrestricted	funds
General Funds		7,396,065	2,185,278	(2,143,754)	(68,930)	7,368,659
Revaluation	reserve	1,943,788		(157,681)		1,786,107
		9,339,853	2,185,278	(2,301,435)	(68,930)	9,154,766
STATEMENT OF FUNDS - PRIOR YEAR
						Balance at
		Balance at			Gains/	30June
		1 July 2020f	Income f	Expenditure f	(Losses) f	2021 f
Unrestricted	funds
General Funds		7,546,803	645,315	(940,719)	144,666	7,396,065
Revaluation	reserve	3,863,282		(53,484)	(1,866,010)	1,943,788
		11,410,085	645,315	(994,203)	(1,721,344)	9,339,853

			Unrestricted	Total
			funds	funds
			2022	2022
				E
Tangible fixed		assets	8,999,727	8,999,727
Fixed asset investments			799,837	799,837
Investment	property		1,000,000	1,000,000
Current assets			837,962	837,962
Creditors	due	within one year	(986,343)	(986,343)
Creditors	due	in more than one year	(1,496,417)	(1,496,417)
TOTAL			9,154,766	9,154,766

ANALYSI	S OF NET ASSETS BETWEEN FUNDS - PRIO	R YEAR
		Unrestricted	Total
		funds	funds
		2021	2021
		6	E
Tangible fixed assets		9,101,922	9,101,922
Fixed asset investments		1,067,330	1,067,330
Investment	property	1,000,000	1,000,000
Current assets		324,546	324,546
Creditors	due within one year	(568,604)	(568,604)
Creditors	due in more than one year	(1,585,341)	(1,585,341)
		9,339,853	9,339,853