## ## ## ## ## |||2019|2020|2021|2022| |---|---|---|---|---|---| |Advice Centre||5,289|6,634|6,500|4,501| |Academic Re||925|980|945|982| |Annual
Members|||||| |Meetin||633|871||693| |Associations||132|135|52|276| |Athletic
Union||5,278|4,915|3.131|5,328| |Cardiff Student|Lettin|1,977|2,316|2,254|2,140| |Driver||143|99||75| |Election Candidate||166|108|89|119| |Give it a Go||4,644|4,036||4,907| |Guild ofSocieties||8,159|7,874|3,376|8,714| |Jobsho||5,036|4,318|2,318|2,118| |Referendum|||||3,843| |Skills Development|||||| |Service||1,951|1,706|1,237|1 322| |Student Senate||25|27||65| |Student
Media||308|257|184|341| |Student Led Services||234|138|54|74| |Union Volunteers||844|306||| |Venues||11,299|10,078||11,345| |Volunteerin||1,293|1,137|138|235| |Voter||7,540|6,126|9,228|7,568| |Varsit||6,518|5,600||5,013| ## ## ## ## ## |CHIEVEMENTS AGAINST TARGETS SET—continued||||| |---|---|---|---|---| |To ensure
all
HEFCW
grant
funded
projects
are
delivering
in|line
with|project||Achieved| |expectations.||||| |To develop
and agree a Great Hall business
and redevelopment
plan covering the||next|5|Achieved| |years||||| |To rebuild
our student
staff, ambassadors.
and
after a year of being
depleted||and|to|Partially achieved| |develop
a student
insights
function
ensuring
there
is timely
opportunities
to shape
and
feedback
on commercial
functions.
Rebuilding
these
groups
is vital to the economic||||| |performance
of a commercial
entity; without
them, revenue
will be impacted.||||| |To fully integrate
CU and CSU across CSLoperations
with opening
of|the new building||in|Achieved| |September 2021||||| |Further
develop
digital
improvements
to our
membership
services|and
commercial|||Not achieved| |services by reviewing
current practices, collating feedback||||| |on improvements
and increasing
opportunities
for students
to engage|digitally.|||| |To digitise the work and activities ofthe Board ofTrustees
and its sub|committees.|||Partially achieved| ## ## |Cateqory|Cateqory|||Risk type||Systems,
controls and mitigating
factors| |---|---|---|---|---|---|---| |Financial||The Union fails to meet its||||Detailed
budgeting
and
comprehensive
management| |||financial|targets for budgeted|||reporting
via the Board ofTrustees
and the Finance 8 Audit| |||surpluses||in order to reach a||Committee.
Annual
forecasting
is in place and the Union has| |||minimum||ofE1.3M in|free|achieved
its budgeted
surpluses
for the past three years.| |||reserves
by 2023.||||Target achieved
in July 2022.| |Financial||Pension||structures
deliver||The Union's
pension
costs through
SUSS have
more than| |||unmanageable||increases|in cost to|doubled
in recent years due to the deficit within the scheme.| ||||the Union.|||Further increases are very likely and may outstrip the Union's| |||||||ability to fund them
without
assistance
from the University.| |||||||The SUSS scheme is closed to future accrual and the Union| |||||||now offers a stakeholder
pension scheme as well as NEST.| |Health
Safety|K|Incidents
and accidents
be reported
in line with|||fail to
agreed|Incidents
should
be reported
immediately
so that
further
action can be taken ifnecessary.
All staff should be vigilant to| ||||procedures.|||detect and deal with potential
hazards
that might arise at any| |||||||time.
HBS awareness
training
and
specific
training
for| |||||||responsible
officials
concerning
their
responsibilities
has| |||||||been delivered.| ## ## |FUTURE PLANS|FUTURE PLANS|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The Union's strategy 2021-2025 —The heart of Cardiff Student
Life —outlines
the Union's||plans|||over||the||coming|||years||| |and splits its priorities
into four themes
and three building
blocks. These are:||||||||||||||| |Themes||||||||||||||| |Cardiff|community;
Academic
Life; Student experiences;
and Wellbeing
and future.|||||||||||||| |Building. blocks||||||||||||||| |Resources; People; and Digital and Data||||||||||||||| |The new strategy together
with new branding
was launched
to students,
staff and the University||||in|December|||||2021.||||| |The trustees
have set the following
operational
targets for 2022/23, taking account ofthe ongoing||||pandemic||||||recovery|||and|| |carrying
forward oftargets from the prior year:||||||||||||||| |Cardiff|Community|||||||||||||| |1.|Launch
a new
recognition
programme
and event
to recognize
the positive
impact|of||our||student||||leaders|||and|| ||volunteers.|||||||||||||| |2.|Celebrate the successes ofthe new building
developments
and past building
history.|||||||||||||| |Academic
Life||||||||||||||| |1.|To complete the Academic Rep review and implement
the key recommendations.|||||||||||||| |2.|Undertake
research
activity to better understand
the student experience ofthose students|||who are traditionally|||||||||less|| ||satisfied.|||||||||||||| |3.|To engage
with 50'/o ofacademic schools to support academic community
development||activity.|||||||||||| |Student. experiences||||||||||||||| |1.|Create an annual
social program
of events focused on non-club
night activity.
Including||utilising||||zorbs, crazy||||||golf,|| ||outdoor cinema, lazer tag to allow students
to socialise
in a non-drink-focused
setting.|||||||||||||| |2.|Disrupt the private student
lettings
market
in order to create a growth
which builds towards||||dominating|||||the market||||| ||share.|||||||||||||| |3.|Fully roll out the Venues app offering throughout
the Students'
Union building.
Establishing|||the Union||||||building|||as|a| ||multipurpose
study and social place for all.|||||||||||||| |Wellbeing
&Future
1.
Re-establish
a range ofstudent
led services which provide valuable
engagement
opportunities||||||for|the||wider||student|||| ||membership.|||||||||||||| |2.|Ensure all student
leaders are provided
opportunities
to undertake
personal
development.|||||||||||||| |3.|Develop
an organisation
wide student
safety strategy,
ensuring
wider stakeholders|and||University|||||partnership|||||to| ||tackle safety concerns,|||||||||||||| |Resources||||||||||||||| |1.|Complete
building
works projects and plans for future works:|||||||||||||| |2.|1) Develop the Welcome Centre and front entrance spaces, creating a vibrant and flexible entrance to the building.
2) Develop the Great Hall Balcony space to form an extension
to the club and flexible student space.
Work with the University
to develop a basis of block grant calculation
and KPI measurement
which ensures
future|||||||||||||| ||funding
levels allow us to continue to support and grow our charitable
objectives.|||||||||||||| |3.|Develop a long-term
sustainability
plan, with the aims ofcombatting
rising fuel prices|and||reducing||||overall|||waste.|||| |People|Develop a Graduate
Intern Scheme across key roles within the Union,
ensuring
high quality|||||and||skilled|||roles for|||| |2.|recent graduates.
Develop a blended
induction
and ongoing engagement
process which is used for all volunteers,|||||casual/career|||||||staff|| ||and trustees.|||||||||||||| |3,|Review staff reward,
recognition
and benefits packages post pandemic,
ensuring
quality||and||valued||||initiative's||||that|| ||increase satisfaction
with staff members.|||||||||||||| ## ## ## ## ## ## ## |STRUCTURE, GOVERNANCE
AND MANAGEMENT|STRUCTURE, GOVERNANCE
AND MANAGEMENT|-|continued|continued|continued||| |---|---|---|---|---|---|---|---| |At the end of the year, following
a governance|review,||the HR subcommittee|||of the Board was adjusted|to become the| |People, Diversity and Inclusion
committee
with|an expanded||||remit.||| |REFERENCE AND ADMINISTRATIVE
DETAILS|||||||| |Registered
Company
number|||||||| |07328777 (England
and Wales)|||||||| |Registered
Charity number|||||||| |1137163|||||||| |Registered office|||||||| |Park Place|||||||| |CARDIFF|||||||| |CF103QN|||||||| |Trustees|||||||| |Georgina
Dunn, President
(appointed
1 July 2022)1|||||||| |Hannah
Doe, President
(resigned 30June 2022)1|||||||| |Shreshth
Goel, VP Societies and Volunteering|(appointed|||1 July 2022)1|||| |Christopher
Grieve, VP Societies and Volunteering
(resigned|||||17March 2022)1||| |Olivia Evans, VP Sports &AU President
(appointed
1 July||||2022)1|||| |Megan Somerville,
VP Sports 8 AU President|(resigned||30June 2022)1||||| |Thomas Walsh, VP Education
(appointed
1 July 2021,||resigned 30September||||2022)1|| |Georgina
Dunn, VP Education
(resigned 30June 2022)1|||||||| |Ashly Alava Garcia, VP Health
Park (appointed|1 July 2022)1||||||| |Sebastian
Ripley, VP Health
Park (resigned 30June 2022)1|||||||| |Angie Flores; VP Postgraduate
(appointed
1 July 2022)1|||||||| |Orla Tarn, VP Postgraduate
(resigned 30June|2022)1||||||| |Rebecca Deverell, VP Welfare (appointed
1 July 2022)1|||||||| |Charlotte
Towlson, VP Welfare and Campaigns|(resigned|||30June 2022)1|||| |Noah Russell, VP Education
(appointed
31 October 2022)1|||||||| |Grayson
Diamond
(appointed
1 July 2022) 2|||||||| |Stephen
Oldfield,
Non-portfolio
(resigned 30June 2022)|||2||||| |Tariq Awan,
Non-portfolio
(resigned 13May 2022) 2|||||||| |Matthew
Bird, Non-porffolio
(resigned 30June|2022) 2||||||| |Jayne Sadgrove,
Non-portfolio
3|||||||| |Rameshwar
Singh CBE, Non-portfolio
(resigned
31 July|||2022) 3||||| |Agnes Xavier-Philips
(appointed
1 September|2022) 3||||||| |Elliot Howells,
Non-portfolio
(appointed
16December 2021)4|||||||| |Richard Roberts OBE, Non-portfolio
(resigned|30th June||2022)4||||| |Marie Natasha
Applasamy,
Non-porffolio
(resigned 21 March|||||2022) 4||| |Rameshwar
Singh CBE, Non-portfolio
(appointed
1 August||||2022) 4|||| |1 Sabbatical Trustees|||||||| |2 Student Trustees|||||||| |3 University
Nominated
Trustees|||||||| |4 External Trustees|||||||| |Chief Executive Officer|||||||| |Daniel Palmer|||||||| |Auditors|||||||| |Watts Gregory
LLP|||||||| |Chartered
Accountants
8 Statutory
Auditors|||||||| |Elfed House|||||||| |Oak Tree Court|||||||| |Cardiff.Gate Business Park|||||||| |CARDIFF|||||||| |CF23 8RS|||||||| ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Total|Total| ||||||fund|.funds|funds|Funds| |||||Notes|||F|| |INCOME AND ENDOWMENTS|||FROM|||||| |Donations
and legacies|||||3,261,417|1,198,974|4,460,391|3,112,250| |Charitable
activities|||||2,619,808||2,619,808|1,162,243| |Other trading
activities|||||5,237,048||5,237,048|1,268,583| |Investment
income|||||363||363|127| |Other income|||||545||545|423,924| |Total|||||11,119,181|1,198,974|12,318,155|5,967,127| |EXPENDITURE ON||||||||| |Raising funds|||||6,821,814||6,821,814|3,825,587| |Charitable
activities||||||||| ||||||3,744,630|497,734|4,242,364|2,215,527| |Total|||||10,566,444|497,734|11,064,178|6,041,114| |NET INCOME
/ (EXPENDITURE)|||||552,737|701,240|1,253,977|(73,987)| |Unwinding
ofdiscounted||pension|provision||398,444||398,444|41,665| |Net income/(expenditure)||forthe year|||951,181|701,240|1,652,421|(32,322)| |Transfer between funds|||||659,257|659,257||| ||||||1,610,438|41,983|1,652,421|(32,322)| |RECONCILIATION|OF FUNDS|||||||| |Total funds brought|forward||||7,666,810|543,015|8,209,825|8,242,147| |TOTAL FUNDS CARRIED FORWARD|||||9,277,248|584,998|9,862,246|8,209,825| ## ## ||||Group||Charity| |---|---|---|---|---|---| |||2022|2021|2022|2021| ||Notes||||E| |FIXEDASSETS|||||| |Tangible assets
Investments|15
16|12,155,967
73,563|11,922,035
73,563|29,351
2,000|35,281
2,000| |||12,229,530|11,995,598|31,351|37,281| |CURRENT ASSETS|||||| |Stocks|17|108,518|59,203||| |Debtors: amounts
falling due within one year|18|966,428|435,965|963,209|730,212| |Cash at bank||3,480,876|3,001,250|3,094,600|2,678,454| |||4,555,822|3,496,418|4,057,809|'
3,408,666| |CREDITORS|||||| |Amounts
falling due within one year|19|(2,023,686)|(1,630,117)|(697,040)|(647,155)| |NET CURRENT ASSETS||2,532,136|1,866,301|3,360,769|2,761,511| |TOTAL ASSETS LESS CURRENT LIABILITIES||14,761,666|13,861,899|3,392,120|2,798,792| |CREDITORS|||||| |Amounts
falling due after more than one year|20|(141,667)|(191,663)||| |PENSION LIABILITY|23|(4,757,753)|(5,460,411)||| |NET ASSETS||9,862,246|8,209,825|3,392,120|2,798,792| |FUNDS|||||| |Revaluation
reserve||9,786,047|10,388,265||| |Pension reserve||(4,757,753)|(5,460,411)||| |Unrestricted
funds —Designated
Unrestricted
funds - General||2,714,920
1,534,034|1,533,770
1,205,186|374,351
2,403,768|35,281
2,220,496| |Restricted funds||584,998|543,015|614,001|543,015| |TOTAL FUNDS||9,862,246|8,209,825|3,392,'I 20|2,798,792| ## |||||||||2022|||2021| |---|---|---|---|---|---|---|---|---|---|---|---| |||||Notes|||||||f| |Cash flows from operating
activities:|||||||||||| |Cash generated
from operations|||||||1,579,628||||904,956| |Net cash provided
by (used in) operating|||||||||||| |activities|||||||1,579,628||||904,956| |Cash flows from investing'activities:|||||||||||| |Purchase
of tangible
fixed assets
Sale oftangible
fixed assets||||||(1,050,365)|||||(698,870)| |Interest received||||||||363|||127| |Net cash provided
by (used in) investing|||||||||||| |, activities||||||(1,050,002)|||||(698,743)| |Net cash flows from financing
activities:
Bank loan repayments||||||~50,00D)|||||| |Change
in cash and cash equivalents||in the|||||||||| |reporting
period
Cash and cash equivalents
at the beginning|||of||||479,626||||206,213| |the reporting
period||||||3,001,250|||||2,795,037| |Cash and cash equivalents
at the end||ofthe|||||||||| |reporting
period||||||3,480,876|||||3,001,250| |RECONCILIATION
OF NET INCOME/(EXPENDITURE)|||||TO NET|CASH FLOW||FROM|OPERATING||ACTIVITIES| |||||||||||2022|2021
f| |Net income/(expenditure)
for the reporting
statement
offinancial activities)
Adjustments
for:||||period (as|per the|||1,652,421|||(32,322)| |Depreciation
charges|||||||||816,086||764,166| |Profit on disposal offixed assets||||||||||347|| |Interest received
Decrease/(increase)
in stocks
Decrease/(increase)
in debtors
Increase/(decrease)
in creditors|||||||||(363)
(49,315)
(530,463)
393,573||(127)
70,332
142,798
270,040| |(Decrease)/Increase
in pension|provision|||||||~702,656)|||)309,931)| |Net cash provided
by (used in)||operating||activities||||1,579,628|||904,956| |ANALYSIS OF CHANGES
IN NET FUNDS|||||||||||| |||||||At 1/8/21||Cash flow|||At 31/7/22| ||||||||||||E| |Net cash|||||||||||| |Cash at bank and in hand||||||3,00.1,250|||479,626||3,480,876| |Debt due within one year
Debt due after one year||||||(50,004)
~191,663||||4
49,996|(50,000)
~141,667| |||||||2,759,583|||529,626||3,289,209| ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2022|2021| |---|---|---|---|---|---|---|---|---|---| ||||||||||F| |Donations||||||||135|| |Grants||||||||4,460,256|3,112,250| |||||||||4,460,391|3,112,250| |Grants received,|included||in the|above,||are|as follows:||| |||||||||2022|2021| ||||||||||f| |Cardiff University-||Block|grant|||||2,900,000|2,895,750| |Cardiff University —Block|||grant|levelling||up|payment|361,282|| |Cardiff University|—Redevelopment||||grant|||849,000|| |HEFCW (via Cardiff||University)||-Wellbeing|||Initiatives|345,974|200,000| |HEFCW (via Cardiff
Santander
Diversity
Educ8||University)
Fund||- Period||Poverty||1,500
1,000|15,000
1,500| |Beyond Quality|Training|||||||1,500|| |||||||||4,460,256|3,112,250| ## ## ## ## ## ## ||||2022|2021| |---|---|---|---|---| |Bars and food|||3,263,372|244,784| |Entertainment|and venue||719,998|33,923| |Retail shop
Letting agency
Rental income|||272,735
527,122
313,550|142,326
447,118
263,999| |Advertising|||102,643|79,403| |Other|||37,628|57,030| ||||5,237,048|1,268,583| |INVESTMENT|INCOME|||| ||||2022|2021f| |Deposit account interest|||363|127| |INCOME FROM CHARITABLE ACTIVITIES||||| ||||2022|2021| |Jobshop
Athletic
Union|income||2,262,754
151,139|1,128,868
3,292| |Societies income|||37,598|6,424| |Transport
income
Student Development||income|61,652
6,303|1,631
7,345| |Give it a Go programme
Other|||38,144
62,218|14,683| ||||2,619,808|1,162,243| ## ## ## ## |Other|trading|activities||| |---|---|---|---|---| ||||2022|2021| |Cardiff|Union|Services —Cost ofsales|2,625,512|290,756| |Cardiff|Union|Services —other costs|4,196,302|3,534,831| ||||6,821,814|3,825,587| ## ## ## ||||||||Support|| |---|---|---|---|---|---|---|---|---| |||||||Direct|costs (see|| |||||||Costs
f|note 10)
f|Totals
f| |General||||||2,762,481|1,479,883|4,242,364| |||||||2,762,481|1,479,883|4,242,364| |SUPPORT||COSTS||||||| ||||Staff||||Governance|| ||||costs
f||Other costs|Depreciation
f|costs
f|Totals
f.| |General|||944,175||501,751|17,467|16,490|1,479,883| ||||944,175||501,751|17,467|16,490|1,479,883| |NET INCOME/(EXPENDITURE)||||||||| |Met income/(expenditure)|||is stated after charging/(crediting):|||||| ||||||||2022f|2021f| |Auditors'
remuneration
—Parent charity
Auditors'
remuneration
—Cardiff Union
Depreciation
-owned assets
Loss on disposal offixed assets||||Services|||6,650
10,590
816,086
346|6,200
13,250
764,166| ## ## ## ## |During
the year, remuneration
including
employ
Officers
in respect ofthese roles as follows:|ers
pension
contributions,
was paid to 13(202|1 —12)Sabbatic| |---|---|---| ||Gross pay|Employer| |||pension| |Name|f|contributions
f| |H Doe
S Ripley
0 Tarn|20,917
20,435
20,435|249
120
441| |C Grieve|14,862|| |G Dunn|22,357|483| |C Towlson|20,435|| |M Somerville|20,435|| |A Garcia|2,702|40| |R Deverell
0 Evans|2,702
2,702|| |A Flores Acuna
S Goel
TWalsh|2,702
3,267
2,702|40
40| ## ## |'I|3.|STAFF COSTS||||| |---|---|---|---|---|---|---| ||||||2022
f|2021
f| |||Wages and salaries
Social security costs|||5,470,504
319,358|3,539,647
240,160| |||Other pension costs and deficit contributions|||83,277|72,473| ||||||5,873,139|3,852,280| |||The average
number
ofemployees||during the year was as follows:||| ||||||2022|2021| |||Cardiff University
Students'
Cardiff University
Students'|Union
Union|—Sabbatical officers
—Jobshop|7
584|7
313| |||Cardiff University
Students'|Union|—Administrative|48|28| |||Cardiff Union Services —Cost ofsales|||156|44| |||Cardiff Union Services —Administrative|||90|72| ||||||885|464| |During
the year ended 31|July 2022 the full-ti|me
equivale|nt
number ofstaff employed
wa|s 231 (2021:140).|s 231 (2021:140).| |---|---|---|---|---|---| |The number ofemployees|whose emoluments|amounted|to a rate ofoverf60,000 during|the year were as follows:|| |||||2022|2021| |||||No.|No.| |f60,001 - f70,000
f70,001 -f80,000||||1
1|1| |f80,001 - f90,000
f90,001 - f100,000|||||| ## |||||2021|2021||2021| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted||Total| |||||funds
f|funds
f||fundsf| |INCOME AND||ENDOWMENTS|FROM||||| |Donations|and legacies|||2,895,750|216,500||3,112,250| |Charitable|activities|||1,162,243|||1,162,243| |Other trading
activities
Investment
income||||1,268,583
127|||1,268,583
127| |Other income||||423,924|||423,924| |Total||||5,750,627|216,500|'|5,967,127| ## ## ## |||||Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| |||||funds
E|funds
F|fundsf| |EXPENDITURE ON||||||| |Raising funds
Charitable
activities||||3,825,587||3,825,587| |Charitable
Activities||||2,159,276|56,251|2,215,527| |Total||||5,984,863|56,251|6,041,114| |NET INCOME
/ (EXPENDITURE)||||(234,236)|160,249|(73,987)| |Other recognised|gains/(losses)|||||| |Actuarial gains/(losses)||on defined|benefit|||| |schemes||||41,665||41,665| |Transfers
between|funds|||300.089|~300,089)|| |Net movement
in funds||||107,518|(139,840)|(32,322)| |RECONCILIATION|OF FUNDS|||||| |Total funds brought||forward||7,559,292|682,855|8,242,147| |TOTAL FUNDS CARRIED FORWARD||||7,666,810|543,015|8,209,825| |TANGIBLE FIXED||ASSETS—Group||||| |||||Long term|Leasehold|Work in| |||||Leasehold|Improvements|Progress| |||||Property||| |||||F||| |COST||||||| |At 1 August 2021||||14,000,000|1,211,731|247,841| |Additions|||||4,500|988,579| |Disposals||||||| |Reclassification/|transfer||||158,198|~183,918)| |At 31 July 2022||||14,000,000|1,374,429|1,072,502| |DEPRECIATION||||||| |At 1 August 2021||||3,611,735|124,920|| |Charge for year||||602,218|129,790|| |Eliminated
on disposal||||||| |At 31 July 2022||||4,213,953|254,710|| |NET BOOK VALUE||||||| |At 31 July 2022||||9,786,047|1,119,719|1,072,502| |At 31 July 2021||||10,388,265|1,086,811|247,841| ## |TANGIBLE FIX|EDASSETS —Group - conti|nued||||| |---|---|---|---|---|---|---| |||Office||Computer||| |||equipment
f||equipment
f||Totalsf| |COST||||||| |At 1 August 2021||1,637,269||498,714||17,595,555| |Additions||38,813||18,473||1,050,365| |Disposals||(1,078,317)||(325,549)||(1,403,866)| |Reclassification/|transfers|5,720||||| |At 31 July 2022||603,485||191,638||17,242,054| |DEPRECIATION|||||'|| |At 1 August 2021
Charge for year
Eliminated
on disposal||1,472,508
62,593
~1,077,970)||464,357
21,485
~325.549)||5,673,520
816,086
~1,403,519)| |At 31 July 2022||457,131||160,293||5,086,087| |NET BOOK VALUE|||'|||| |At 31 July 2022||146,354||31,345||12,155,967| |At 31 July 2021||164,761||34,357||11,922,035| |gp

previous
valuation|
as deemed cost.|||||| |---|---|---|---|---|---|---| |Iffreehold
property|had not been revalued|they would have been included|at the|following|historical
2022|cost:
2021
f| |||||1,554,978||1,554,978| |Aggregate
depreciation||||1,554,978||1,554,978| |Carrying
value||||||| |Charity||||||| ||||Office||Computer|| |||equipment
f||equipment
f||Totalsf| |COST||||||| |At 1 August 2021
Additions|||70,753
7,261||30,675
4,277|101,428
11,538| |At 31 July 2022|||78,014||34,952|112,966| |DEPRECIATION||||||| |At 1 August 2021
Charge for year|||53,489
8,581||12,658
8,887|66,147
17,468| |At 31 July 2022|||62,070||21,545|83,615| |NET BOOK VALUE||||||| |At 31 July 2022|||15,944||13,407|29,351| |At 31 July 2021|||17,264||18,017|35,281| ## ## |FIXEDASSET INVESTMENTS - Group|| |---|---| ||Unlisted| ||Investments| ||F| |COST|| |At 1 August 2021 and 31 July 2022|73,563| |NET BOOK VALUE|| |At 31 July 2022|73,563| |At 31.July 2021|73,563| ||Unlisted| |---|---| |Charity|Investments| ||F| |COST|| |At 1 August 2021 and 31 July 2022|2,000| |NET BOOK VALUE|| |At 31 July 2022|2,000| |At 31 July 2021|2,000| ## |STOCKS - Group||| |---|---|---| ||2022|2021| |||F| |Venues- wet stock and food|24,943|15,117| |Retail stock|83,575|44,086| ||108,518|59,203| ## |||Group|Group|Charity|Charity| |---|---|---|---|---|---| |||2022|2021|2022|2021| ||||F|E|| |Trade debtors||610,665|201,098|416,518|151,107| |Amount
due from group undertakings||||347,066|437,632| |Other debtors||5,561|48,026|30,044|8,588| |VAT recoverable||5,268||5,268|36,819| |Prepayments|and accrued income|344,934|186,841|164,313|96,066| |||966,428|435,965|963,209|730,212| ## ## ## ## ## ## |CREDITORS: AMOUNTS|FA|LLING DUE AFTER MORE THAN ON|E YEAR - Group|| |---|---|---|---|---| ||||2022|2021| ||||P|E| |Bank loans (see note 21)|||141,667|191,663| |LOANS - Group||||| |An analysis ofthe maturity|of|loans is given below:|2022|2021| ||||E|| |Amounts
falling due within
Bank loans|one year or on demand:||50,000|50,004| |Amounts
falling due between
Bank loans - 1-2 years||one and two years:|50,000|50,004| |Amounts
falling due between
Bank loans -2-5 years||two and five years:|91,667|141,659| ## ## |Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:|| |---|---|---| ||2022|2021| |Within one year
Between one and five years|23,569
10,890|30,823
5,472| ||34,459|36,295| |Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:|| |---|---|---| ||2022|2021| ||E|E| |Within one year|18,681|26,440| |Between one and five years|1,154|5,307| ||19,835|31,747| ## ## |PROVISIONS FOR LIAB|ILITIES -Group|| |---|---|---| |||Pension| |||provision
f| |Balance at 1 August 2021
Unwinding
ofdiscounted
amount
Payments
during
the year||5,460,411
(398,444)
~304,214)| |Balarice at 31 July 2022||4,757,753| ## ## ## ## ## |MOVEMENT
IN FUNDS|- Group||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1/8/21
f|in funds
f|funds|31/7/22
f| |Unrestricted
funds|||||| |Revaluation
reserve
Pension reserve
General
fund
Designated
fund: Fixed
Designated
fund: Great|Assets Fund
Hall and entrance|10,388,265
(5,460,411)
1,205,186
1,533,770|398,444
1,368,823
(816,086)|(602,218)
304,214
(1,039,975)
1,652,236
345,000|9,786,047
(4,757,753)
1,534,034
2,369,920
345,000| |project|||||| |Restricted funds||7,666,810|951,181|659,257|9,277,248| |Black History
Month
Waste 8 recycling project
Period Poverty grant
Further financial support
Santander
Diversity
Fund
Cardiff University —3"floor project
Cardiff University —Great Hall and front||705
6,090
10,441
148,308
3,000
374,471|(192)
(17)
(148,308)
757
849,000|(358,716)
(300,541)|513
6,090
10,424
3,757
15,755
548,459| |entrance|||||| |TOTAL RESTRICTED|FUNDS|543,015|701,240|(659,257)|584,998| |TOTAL FUNDS||8,209,825|1,652,421||9,862,246| |Net movement
in funds,|included
in the above|are as follows:|||| |||Incoming|Resources|Gains and|Movement| |||resources
f|expended
f|losses
f|in funds
f| |Unrestricted
funds|||||| |General
fund
Pension reserve
Designated
fund: Fixed|Assets Fund|11,119,181|(9,750,358)
~876.086)|398,444|1,368,823
398,444
~816,086)| |Restricted funds||11,119,181|(10,566,444)|398,444|951,181| |Black History Month
Period Poverty grant
Further financial
support
Santander
Diversity
Fund
Educ8 training
grant
Beyond Equality
Training
HEFCW||1,500
1,000
1,500
345,974|(192)
(17)
(148,308)
(743)
(1,000)
(1,500)
(345,974)||(192)
(17)
(148,308)
757| |Cardiff University —Great Hall and front||849,000|||849,000| |entrance|||||| |||1,198,974|~497,734)||701,240| |TOTAL FUNDS||12,318,155|(11,064,178)|398,444|1,652,421| ## ## ## |COMPARATIVE
MOVE|MENT
IN F|UNDS - Group|||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| |||At 1/8/20|in funds|funds|31/7/21| ||||E|E|F| |Unrestricted
funds|||||| |Revaluation
reserve||10,990,483||(602,218)|10,388,265| |Pension reserve||(5,770,342)|41,665|268,266|(5,460,411)| |General
fund||1,342,303|529,929|(667,046)|1,205,186| |Designated
fund: Fixed|Assets Fund|996,848|)754,)55)|1,301,087|1,533,770| |||7,559,292|(192,571)|300,089|7,666,810| |Restricted funds|||||| |Black History
Month
Waste & recycling
project||705
6,090|||705
6,090| |Period Poverty grant
Further financial support|||10,441
148,308||10,441
148,308| |Santander
Diversity
Fund||1,500|1,500||3,000| |Cardiff University —3' floor project||674,560||(300,089)|374,471| |TOTAL RESTRICTED|FUNDS|682,855|160,249|(300,089)|543,015| |TOTAL FUNDS||6,242,147|~32,322||8,209,825| |Net movement
in funds,|included-in|the above are as follows:|||| |||Incoming|Resources|Gains and|Movement| |||resources|expended
f|losses
F|in funds
E| |Unrestricted
funds|||||| |General
fund||5,750,626|(5,220,698)||529,928| |Pension reserve
Designated
fund: Fixed|Assets Fund||~764.165)|41,665|41,665
~764,165)| |||5,750,626|(5,984,863)|41,665|(192,571)| |Restricted funds|||||| |Period Poverty grant||15,000|(4,559)||10,441| |Student wellbeing
activities
Further financial
support
Santander
Diversity
Fund||50,000
150,000
1,500|(50,000)
(1,692)||148,308
1,500| |||216.5DD|~56,251)||160,249| |TOTAL FUNDS||5.967.126|~6,641,114)|41,665|~32,322)| |Designated
funds|||||| ## ## ## ## ## ## ## ## ## |
have been con|soli|dated
on a line by line b|dated
on a line by line b|asis
in the SOFA.||| |---|---|---|---|---|---|---| |A summary
of|the|results of the subsidiary||for the year is shown|below:|| |Turnover||||||5,237,048| |Cost ofsales||||||(2,625,512)| |Gross profit
Administrative|expenses|||||2,611,536
(4,191,369)| |||||||(1,579,833)| |Other operating|income|||||2,274,802| |||||||694,969| |Interest receivable||and similar income||||363| |Other finance|income|||||398,444| |Interest payable||||||(4,933)| |PROFIT ON ORDINARY ACTIVITIES|||BEFORE TAXATION|||1,088,843| |Taxation||||||| |PROFIT FOR THE FINANCIAL YEAR||||||1„088,843| |The aggregate|ofthe assets, liabilities||and|funds was:||E| |Assets||||||13,043,256| |Liabilities||||||(6,573,132)| |Reserves||||||6,470,124| ##