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2022-07-31-accounts
|
Page |
| Reference and administrative detailsofthe Company, its Trustees and advisers |
1 - 2 |
| Trustees' report |
3-13 |
| Independent auditors' report on the financial statements |
14 - 16 |
| Statementoffinancial activities |
17 |
| Balance sheet |
18 - 19 |
| Statementofcash flows |
20 |
| Notestothe financial statements |
21-50 |
|
S Elbortoukaly, Student Trustee (resigned 9 September 2021)
T Baskaran, Student Trustee (appointed9September 2021,
2022)
IAffrin, Student Trustee (appointed9September2021,resigned
S Hilson-Wheeler, Student Trustee (appointed9September 2021
2022) |
|
D Craddock, External Trustee (appointed1August 2022) |
|
NCrowe,Student Trustee (appointed 1 August 2022) |
|
EDeSaram,Sabbatical Trustee (appointed 1 August 2022) |
|
IDyer,Sabbatical Trustee (appointed1August2022) |
|
H Jones, External Trustee (appointed1August2022) |
|
J Liversedge, Sabbatical Trustee (appointed1August 2022) |
|
A Martin, Student Trustee (appointed1August2022) |
|
CMenon,Student Trustee (appointed1August 2022) |
|
NMeor Azlan, Student Trustee (appointed1August 2022) |
| Company registered |
|
| number |
07217324 |
| Charity registered |
|
| number |
1136468 |
| Registered office |
Devonshire House |
|
StockerRoad |
|
Exeter |
|
Devon |
|
EX44PZ |
| Sabbatical officers |
O Margaroli, President |
|
IDyer,VPOpportunities (appointed 1 August 2022) |
|
J Liversedge,VPEducation (appointed 1 August2022) |
|
EDeSaram,VPLiberation&Equality (appointed 1 August 2022) |
|
MOjua,VPLiberation & Equality (resigned31July 2022) |
|
I Harrison,VPOpportunities (resigned31July 2022) |
|
I Enoizi,VPEducation (resigned31July2022) |
| Company secretary |
A Chambers |
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
|
2022 |
2022 |
2022 |
2021 |
|
Note |
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations and legacies |
4 |
|
2,932,466 |
2,932,466 |
3,025,767 |
| Charitable activities |
5 |
1,021,129 |
37,540 |
1,058,669 |
805,082 |
| Other trading activities |
6 |
|
18,137 |
18,137 |
97,371 |
| Investments |
7 |
|
|
|
7 |
| Other income |
8 |
|
|
|
91,688 |
| Total income |
|
1,021,129 |
2,988,143 |
4,009,272 |
4,019,915 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
9 |
|
32,503 |
32,503 |
76,283 |
| Charitable activities |
10 |
1,044,387 |
1,811,801 |
2,856,188 |
2,788,429 |
| Other expenditure |
11 |
619,160 |
|
619,160 |
|
| Total expenditure |
|
1,663,547 |
1,844,304 |
3,507,851 |
2,864,712 |
| Net movement in funds |
|
(642,418) |
1,143,839 |
501,421 |
1,155,203 |
| Reconciliationoffunds: |
|
|
|
|
|
| Total funds brought forward |
|
808,929 |
(5,094,401) |
(4,285,472) |
(5,440,675) |
| Net movementinfunds |
|
(642,418) |
1,143,839 |
501,421 |
1,155,203 |
| Total funds carried forward |
|
166,511 |
(3,950,562) |
(3,784,051) |
(4,285,472) |
|
|
|
2022 |
|
2021 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
16 |
|
106,508 |
|
173,729 |
| Investments |
17 |
|
2,444 |
|
2,445 |
|
|
|
108,952 |
|
176,174 |
| Current assets |
|
|
|
|
|
| Debtors |
18 |
63,526 |
|
45,756 |
|
| Cashatbank andinhand |
|
3,308,792 |
|
1,752,799 |
|
|
|
3,372,318 |
|
1,798,555 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
19 |
(2,199,607) |
|
(254,744) |
|
| Netcurrent assets |
|
|
1,172,711 |
|
1,543,811 |
| Total assets less current liabilities |
|
|
1,281,663 |
|
1,719,985 |
| Netassets excluding pension liability |
|
|
1,281,663 |
|
1,719,985 |
| Defined benefit pension scheme liability |
27 |
|
{5,065,714) |
|
(6,005,457) |
| Total net liabilities |
|
|
(3,784,051) |
|
(4,285,472) |
| Charity funds |
|
|
|
|
|
| Restricted funds |
21 |
|
166,511 |
|
808,929 |
| Unrestricted funds |
21 |
|
(3,950,562) |
|
(5,094,401) |
| Total funds |
|
|
(3,784,051) |
|
(4,285,472) |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Grants and donations |
294,789 |
294,789 |
| University Block Grant |
2,187,556 |
2,187,556 |
| HMRC Furlough Scheme |
166 |
166 |
| Donationofserviced accomodation |
449,955 |
449,955 |
|
2,932,466 |
2,932,466 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Grants and donations |
544,525 |
544,525 |
| University Block Grant |
1,829,144 |
1,829,144 |
| HMRC Furlough Scheme |
25,483 |
25,483 |
| Donationofserviced accomodation |
626,615 |
626,616 |
|
3,025,767 |
3,026,767 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Societies, activities and volunteering |
1,021,129 |
|
1,021,129 |
| licensedtrade and entertainments |
|
37,540 |
37,540 |
| Catering |
|
|
|
| Retail |
|
|
|
| Saleofcommercial activities |
|
|
|
|
1,021,129 |
37,540 |
1,058,669 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Societies, activities and volunteering |
236,418 |
|
236,418 |
| Licensed trade and entertainments |
|
35,514 |
35,514 |
| Catering |
|
26,072 |
26,072 |
| Retail |
|
52,494 |
52,494 |
| Saleofcommercial activities |
|
454,584 |
454,584 |
|
236,418 |
568,664 |
805,082 |
| 6. |
Income from other trading activities |
|
Income from non charitable trading activities |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Commercial marketing and sponsorship |
18,137 |
18,137 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Commercial marketing and sponsorship |
97,371 |
97,371 |
| Unrestricted |
Total |
| funds |
funds |
| 2021 |
2021 |
| £ |
£ |
| 7 |
7 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2021 |
2021 |
|
£ |
£ |
| Profitondisposaloffixed assets |
91,688 |
91,688 |
|
Unrestricted |
Total |
|
funds |
funds |
|
2022 |
2022 |
|
£ |
£ |
| Advertising and marketing |
550 |
550 |
| Other costs |
204 |
204 |
| Staff costs |
31,749 |
31,749 |
|
32,503 |
32,503 |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Advertising and marketing |
|
870 |
870 |
| Legal and Professional |
|
4,173 |
4,173 |
| Other costs |
|
16,843 |
16,843 |
| Project costs |
|
6,183 |
6,183 |
| Staff costs |
|
45,924 |
45,924 |
| Depreciation |
375 |
1,915 |
2,290 |
|
375 |
75,908 |
76,283 |
|
Restricted |
Unrestricted |
|
|
funds |
funds |
Total |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Representation and advice |
|
675,277 |
675,277 |
| Societies, activities and volunteering |
1,044,387 |
728,782 |
1,773,169 |
| Campaigns and communications |
|
337,427 |
337,427 |
| Commercial activities |
|
70,315 |
70,315 |
|
1,044,387 |
1,811,801 |
2,856,188 |
|
Restricted |
Unrestricted |
|
|
funds |
funds |
Total |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Representation and advice |
3,378 |
715,641 |
719,019 |
| Societies, activities and volunteering |
242,874 |
940,437 |
1,183,311 |
| Campaigns and communications |
1,688 |
365,596 |
367,284 |
| Commercial activities |
1,032 |
517,783 |
518,815 |
|
248,972 |
2,539,457 |
2,788,429 |
|
Staff costs |
Depreciation |
Other costs |
Total |
|
2022 |
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
£ |
| Representation and advice |
563,028 |
13,876 |
98,373 |
675,277 |
| Societies, activities and volunteering |
298,304 |
50,268 |
1,424,597 |
1,773,169 |
| Campaigns and communications |
280,146 |
9,957 |
47,324 |
337,427 |
| Commercial activities |
31,128 |
970 |
38,217 |
70,315 |
|
1,172,606 |
75,071 |
1,608,511 |
2,856,188 |
|
Staff costs |
Depreciation |
Other costs |
Total |
|
2021 |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
| Representation and advice |
434,239 |
33,215 |
251,565 |
719,019 |
| Societies, activities and volunteering |
300,590 |
49,457 |
833,264 |
1,183,311 |
| Campaigns and communications |
231,722 |
10,325 |
125,237 |
367,284 |
| Commercial activities |
156,810 |
19,419 |
342,586 |
518,815 |
|
1,123,361 |
112,416 |
1,552,652 |
2,788,429 |
|
Restricted |
Total |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2021 |
|
£ |
£ |
£ |
| Transferofclubs and societies |
619,160 |
619,160 |
|
|
Activities |
|
|
|
undertaken |
Support |
Total |
|
directly |
costs |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Representation and advice |
531,720 |
143,557 |
675,277 |
| Societies, activities and volunteering |
1,297,578 |
475,591 |
1,773,169 |
| Campaigns and communications |
315,265 |
22,162 |
337,427 |
| Commercial activities |
|
70,315 |
70,315 |
|
2,144,563 |
711,625 |
2,856,188 |
|
Activities |
|
|
|
undertaken |
Support |
Total |
|
directly |
costs |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Representation and advice |
337,996 |
381,023 |
719,019 |
| Societies, activities and volunteering |
439,754 |
743,557 |
1,183,311 |
| Campaigns and communications |
198,614 |
168,670 |
367,284 |
| Commercial activities |
323,495 |
195,320 |
518,815 |
|
1,299,859 |
1,488,570 |
2,788,429 |
|
Representation |
Representation |
Societies and |
Campaigns and |
Commercial |
Total |
|
|
and advice |
volunteering |
communications |
activities |
funds |
|
|
2022 |
2022 |
2022 |
2022 |
2022 |
|
|
£ |
£ |
£ |
£ |
£ |
| Staff costs |
|
442,357 |
105,833 |
190,500 |
|
738,690 |
| Depreciation |
|
428 |
36,032 |
|
|
36,460 |
| Direct costsof |
activities |
88,935 |
1,155,713 |
124,765 |
|
1,369,413 |
|
|
531,720 |
1,297,578 |
315,265 |
|
2,144,563 |
|
Representation and |
|
Societies and |
Campaigns and |
Commercial |
Total |
|
|
advice |
volunteering |
communications |
activities |
funds |
|
|
2021 |
2021 |
2021 |
2021 |
2021 |
|
|
£ |
£ |
£ |
£ |
£ |
| Staff costs |
|
259,420 |
133,658 |
149,894 |
98,696 |
641,668 |
| Depreciation |
|
15,425 |
36,774 |
|
12,255 |
64,454 |
| Direct costsofactivities |
|
63,151 |
269,322 |
48,720 |
212,544 |
593,737 |
|
|
337,996 |
439,754 |
198,614 |
323,495 |
1,299,859 |
|
|
Societies, |
|
|
|
|
Representation |
.activities and |
Campaigns and |
Commercial |
Total |
|
and advice |
volunteering |
communications |
activities |
funds |
|
2022 |
2022 |
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Staff costs |
120,671 |
192,471 |
89,646 |
31,128 |
433,916 |
| Depreciation |
13,448 |
14,236 |
9,957 |
970 |
38,611 |
| Rent |
47,655 |
376,871 |
|
25,429 |
449,955 |
| Advertising and |
|
|
|
|
|
| marketing |
85 |
316 |
47 |
24 |
472 |
| ICT costs |
10,895 |
14,740 |
4,806 |
1,602 |
32,043 |
| Insurance |
8,391 |
11,352 |
3,702 |
1,234 |
24,679 |
| Legal and |
|
|
|
|
|
| professional |
23,390 |
26,962 |
18,391 |
1,626 |
70,369 |
| Other costs |
66,115 |
77,160 |
44,046 |
7,534 |
194,855 |
| Project costs |
13,263 |
17,299 |
13,263 |
385 |
44,210 |
| Governance |
6,702 |
6,703 |
5,362 |
383 |
19,150 |
| SUSS pension |
(167,058) |
(262,519) |
(167,058) |
|
(596,635) |
|
143,557 |
475,591 |
22,162 |
70,315 |
711,625 |
|
|
Societies, |
|
|
|
|
Representation |
activities and |
Campaigns and |
Commercial |
Total |
|
and advice |
volunteering |
communications |
activities |
funds |
|
2021 |
2021 |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| _Staff_costs |
174,819 |
166,932 |
81,828 |
58,114 |
481,693 |
| Depreciation |
17,790 |
12,683 |
10,325 |
7,164 |
47,962 |
| Rent |
59,260 |
470,452 |
6,447 |
84,129 |
620,288 |
| ICT costs |
12,207 |
18,106 |
5,051 |
4,746 |
40,110 |
| Insurance |
7,179 |
3,381 |
4,371 |
2,734 |
17,665 |
| Legal and professional |
32,024 |
15,425 |
19,688 |
12,764 |
79,901 |
| Other costs |
40,231 |
34,892 |
21,896 |
20,856 |
117,875 |
| Project costs |
11,516 |
5,340 |
4,425 |
1,098 |
22,379 |
| Governance |
26,567 |
16,848 |
14,904 |
3,888 |
62,207 |
| SUSS Pension |
(570) |
(502) |
(265) |
(173) |
(1,510) |
|
381,023 |
743,557 |
168,670 |
195,320 |
1,488,570 |
|
2022 |
2021 |
|
£ |
£ |
| Wages and salaries |
1,080,030 |
1,056,692 |
| Social security costs |
87,796 |
78,855 |
| Pension costs - defined contribution schemes |
36,529 |
33,738 |
|
1,204,355 |
1,169,285 |
|
2022 |
2021 |
|
No. |
No. |
| Commercial marketing |
1 |
2 |
| Charitable activties |
83 |
88 |
| Governance |
2 |
3 |
|
86 |
93 |
|
2022 |
2021 |
|
No. |
No. |
| Commercial marketing |
1 |
1 |
| Charitable activities |
44 |
37 |
| Governance |
2 |
2 |
|
47 |
40 |
Trustees' remuneration and |
other benefits was as follows: |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
| S Blake |
Remuneration |
|
20,200 |
| R Jones |
Remuneration |
|
19,256 |
|
Pension contributions paid |
|
474 |
| 0 Harvey |
Remuneration |
|
20,200 |
| O Margaroli |
Remuneration |
21,857 |
1,588 |
|
Pension contributions paid |
530 |
|
| M Ojua |
Remuneration |
21,192 |
1,588 |
| I Harrison |
Remuneration |
21,274 |
1,588 |
|
Pension contributions paid |
512 |
|
| I Enoizi |
Remuneration |
20,803 |
1,588 |
|
Pension contributions paid |
463 |
|
| H Chau Dinh |
Remuneration |
|
20,200 |
|
|
Fixtures, |
|
|
|
Property |
Fittings and |
Musical |
|
|
Improvements |
Equipment |
Instruments |
Total |
|
£ |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
|
| Al1 August 2021 |
834,798 |
175,926 |
389,337 |
1,400,061 |
| Additions |
|
7,850 |
|
7,850 |
| Disposals |
|
{256) |
|
(256) |
| Al31July 2022 |
834,798 |
183,520 |
389,337 |
1,407,655 |
| Depreciation |
|
|
|
|
| Al1 August2021 |
802,513 |
166,784 |
257,035 |
1,226,332 |
| Charge for the year |
32,043 |
9,930 |
33,098 |
75,071 |
| On disposals |
|
(256) |
|
(256) |
| At31July 2022 |
834,556 |
176,458 |
290,133 |
1,301,147 |
| Net book value |
|
|
|
|
| At31July 2022 |
242 |
7,062 |
99,204 |
106,508 |
| At31July 2021 |
32,285 |
9,142 |
132,302 |
173,729 |
|
|
Exeter |
|
|
|
Students' |
|
|
|
Guild |
|
|
Art |
Trading |
|
|
Collection |
Limited |
Total |
|
£ |
£ |
£ |
| Costorvaluation |
|
|
|
| At 1 August 2021 |
2,444 |
1 |
2,445 |
| Disposals |
|
(1) |
(1) |
| At31July 2022 |
2,444 |
|
2,444 |
| Net book value |
|
|
|
| At31July 2022 |
2,444 |
|
2,444 |
| At31July 2021 |
2,444 |
1 |
2,445 |
|
2022 |
2021 |
|
£ |
£ |
| Due within one year |
|
|
| Trade debtors |
13,879 |
23,516 |
| Other debtors |
178 |
|
| Prepayments and accrued income |
49,469 |
22,240 |
|
63,526 |
45,756 |
|
2022 |
2021 |
|
£ |
£ |
| Trade creditors |
55,293 |
43,519 |
| Other taxation and social security |
18,877 |
9,151 |
| Other creditors |
668,903 |
31,151 |
| Accruals and deferred income |
1,456,534 |
170,923 |
|
2,199,607 |
254,744 |
|
2022 |
2021 |
|
£ |
£ |
| Deferred income at 1 August 2021 |
85,925 |
153,843 |
| Resources deferred during the year |
1,334,869 |
85,925 |
| Amounts released from previous periods |
(85,925) |
(153,843) |
| Deferred income at31July 2022 |
1,334,869 |
85,925 |
|
**Balanceat1 ** |
|
|
Transfers |
Balance at |
|
August 2021 |
Income |
Expenditure |
in/out |
31July 2022 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Funds |
911,056 |
2,988,143 |
(2,440,939) |
(343,108) |
1,115,152 |
| Pension Reserve |
(6,005,457) |
|
596,635 |
343,108 |
(5,065,714) |
|
(5,094,401) |
2,988,143 |
(1,844,304) |
|
(3,950,562) |
| Restricted funds |
|
|
|
|
|
| Annual Fund |
21,678 |
25,955 |
(27,905) |
|
19,728 |
| Club and Society Funds |
598,733 |
995,174 |
(1,593,907) |
|
|
| Nightline |
1,500 |
|
|
|
1,500 |
| Teaching and Excellence |
|
|
|
|
|
| Framework |
53,715 |
|
(8,637) |
|
45,078 |
| Green Fund |
1,000 |
|
|
|
1,000 |
| Musical Instruments fund |
132,303 |
|
(33,098) |
|
99,205 |
|
808,929 |
1,021,129 |
(1,663,547) |
|
166,511 |
| Totaloffunds |
(4,285,472) |
4,009,272 |
(3,507,851) |
|
(3,784,051) |
| Statementoffunds·prior y |
ear |
|
|
|
|
|
Balanceat |
|
|
|
|
|
1August |
|
|
Transfers |
Balance at |
|
2020 |
Income |
Expenditure |
in/out |
31July 2021 |
|
£ |
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General Funds |
36,243 |
3,783,497 |
(2,617,982) |
(290,702) |
911,056 |
| Pension Reserve |
(6,298,776} |
|
2,617 |
290,702 |
(6,005,457) |
|
(6,262,533) |
3,783,497 |
(2,615,365} |
|
(5,094,401) |
| Restricted funds |
|
|
|
|
|
| Annual Fund |
21,619 |
22,518 |
(22,459) |
|
21,678 |
| Club and Society Funds |
550,065 |
213,900 |
(165,232) |
|
598,733 |
| Nightline |
1,500 |
|
|
|
1,500 |
| Teaching and Excellence |
|
|
|
|
|
| Framework |
72,891 |
|
(19,176) |
|
53,715 |
| Green Fund |
1,000 |
|
|
|
1,000 |
| Musical Instruments fund |
165,401 |
|
(33,098) |
|
132,303 |
| Other capital projects fund |
9,382 |
|
(9,382) |
|
|
|
821,858 |
236,418 |
(249,347} |
|
808,929 |
| Totaloffunds |
(5,440,675) |
4,019,915 |
(2,864,712) |
|
(4,285,472) |
|
Balance at 1 |
|
|
Transfers |
Balance at |
|
August 2021 |
Income |
Expenditure |
in/out |
31July 2022 |
|
£ |
£ |
£ |
£ |
£ |
| General funds |
(5,094,401) |
2,988,143 |
(1,844,304) |
|
(3,950,562) |
| Restricted funds |
808,929 |
1,021,129 |
(1,663,547) |
|
166,511 |
|
(4,285,472) |
4,009,272 |
(3,507,851) |
|
(3,784,051) |
| Summaryoffunds- prior year |
|
|
|
|
|
|
Balance at |
|
|
|
|
|
1 August |
|
|
Transfers |
Balanceat |
|
2020 |
Income |
Expenditure |
in/out |
31July 2021 |
|
£ |
£ |
£ |
£ |
£ |
| General funds |
(6,262,533) |
3,783,497 |
(2,615,365) |
|
{5,094,401) |
| Restricted funds |
821,858 |
236,418 |
(249,347) |
|
808,929 |
|
{5,440,675) |
4,019,915 |
(2,864,712) |
|
(4,285,472) |
| Analysisofnet assets between funds- current |
year |
|
|
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2022 |
2022 |
2022 |
|
£ |
£ |
£ |
| Tangible fixed assets |
|
106,508 |
106,508 |
| Fixed asset investments |
|
2,444 |
2,444 |
| Current assets |
785,671 |
2,586,647 |
3,372,318 |
| Creditors due within one year |
(619,160) |
(1,580,447) |
(2,199,607) |
| Provisions for liabilities and charges |
|
(5,065,714) |
(5,065,714) |
| Total |
166,511 |
(3,950,562) |
(3,784,051) |
|
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Tangiblefixedassets |
132,303 |
41,426 |
173,729 |
| Fixedasset investments |
|
2,444 |
2,444 |
| Trade investments |
|
1 |
1 |
| Current assets |
676,626 |
1,121,929 |
1,798,555 |
| Creditors duewithinoneyear |
|
(254,744) |
(254,744) |
| Provisions for liabilitiesandcharges |
|
(6,005,457) |
(6,005,457) |
| Ttl |
808,929 |
(5, 094, 401) |
(4,285,472) |
|
2022 |
2021 |
|
£ |
£ |
| Netincome fortheyear(asperStatement of Financial Activities) |
501,421 |
1,155,203 |
| Adjustments for: |
|
|
| Depreciation charges |
75,071 |
114,705 |
| Interest received |
|
(7) |
| Profitonthesale of fixed assets |
|
(91,688) |
| Decreaseinstocks |
|
122,808 |
| Decreasel(increase)indebtors |
(17,770) |
34,403 |
| lncrease/(decrease)increditors |
1,944,863 |
(241,255) |
| lncrease/(Decrease)inpensiondeficit contribution liability |
(939,743) |
(502,475) |
| Net cash provided by operating activities |
1,563,842 |
591,694 |
| 2022 |
2021 |
| £ |
£ |
| 3,308,792 |
1,752,799 |
| 3,308,792 |
1,752,799 |
| At 1 August |
|
At31July |
| 2021 |
Cash flows |
2022 |
| £ |
£ |
£ |
| 1,752,799 |
1,555,993 |
3,308,792 |
| 1,752,799 |
1,555,993 |
3,308,792 |
|
At |
31 |
July |
At |
31 July |
|
|
|
2022 |
|
2021 |
|
|
|
% |
|
% |
| Discount rate |
|
|
3.70 |
|
1.75 |
|
2022 |
2021 |
|
£ |
£ |
| Opening defined benefit obligation |
6,005,457 |
6,298,776 |
| Deficit contributions made |
(343,108) |
(290,702) |
| Unwindingofdiscount |
102,106 |
89,232 |
| Remeasurements |
(698,741) |
(91,849) |
| Closing defined benefit obligation |
5,065,714 |
6,005,457 |
|
2022 |
2021 |
|
£ |
£ |
| Contributionsbyemployer |
(343,108) |
(290,702) |
|
(343,108) |
(290,702) |
|
2022 |
2021 |
|
£ |
£ |
| Not later than1year |
23,506 |
19,305 |
| Later than1year and not later than5years |
58,613 |
60,776 |
|
82,119 |
80,081 |