## 




## 

## 

||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|





||<br>S Elbortoukaly, Student Trustee (resigned 9 September 2021)<br>T Baskaran, Student Trustee (appointed9September 2021,<br>2022)<br>IAffrin, Student Trustee (appointed9September2021,resigned <br>S Hilson-Wheeler, Student Trustee (appointed9September 2021<br>2022)|
|---|---|
||D Craddock, External Trustee (appointed1August 2022)|
||NCrowe,Student Trustee (appointed 1 August 2022)|
||EDeSaram,Sabbatical Trustee (appointed 1 August 2022)|
||IDyer,Sabbatical Trustee (appointed**1**August2022)|
||H Jones, External Trustee (appointed1August2022)|
||J Liversedge, Sabbatical Trustee (appointed**1**August 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_||<br>_Societies and_|<br>_Campaigns and_|_Commercial_|_Total_|
|||_advice_|<br>_volunteering_|_communications_|_activities_|_funds_|
|||_2021_|<br>_2021_|<br>_2021_|_2021_|_2021_|
|||£|<br>£|<br>£|£|£|
|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_|



## 

|**2022**|_2021_|
|---|---|
|**No.**|_No._|
|**1**||





## 

## 

## 

|<br>Trustees' remuneration and|<br>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_|



|**2022**|_2021_|
|---|---|
|£|£|
|**365**|_295_|





## 

## 

## 

|||**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)**|<br>**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_|||||
||**_1_**_August_|||_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)|<br>(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_|



##