##
||||Page||
|---|---|---|---|---|
|Report ofthe|Trustees|1|to|11|
|Report ofthe|Independent
Auditors|12|to|14|
|Consolidated|Statement ofFinancial Activities||15||
|Consolidated|and Charity Balance Sheet||16||
|Consolidated|Cash Flow Statement||17||
|Notes to the|Financial Statements|18|to|35|
##
##
##
##
|||||2019|2020|2021|2022|2023|
|---|---|---|---|---|---|---|---|---|
|Advice Centre||||5,289|6,634|6,500|4,501|3,372|
|Academic Re||||925|980|945|982|969|
|Annual
Members|||Meetin|633|871||693|806|
|Associations||||132|135|52|276|300|
|Athletic
Union||||5,278|4,915|3,131|5,328|5,150|
|Cardiff Student||Lettin||1,977|2,316|2,254|2,140|2,104|
|Driver||||143|99||75|86|
|Election Candidate||||166|108|89|119|100|
|Freshers'
Fairs||attendance||||||11,039|
|Give ita Go||||4,644|4,036||4,907|5,458|
|Guild ofSocieties||||8,159|7,874|3,376|8,714|8,420|
|Jobsho||||5,036|4,318|2,318|2,118|2,368|
|Referendum|||||||3,843||
|Skills Develo|ment Service|||1,951|1,706|1,237|1,322|1,311|
|Student Senate||||25|27|23|65|41|
|Student
Media||||308|257|184|341|285|
|Student Led Services||||234|138||74|43|
|Union Volunteers||||844|306||||
|Venues||||11,299|10,078||11,345|12,030|
|Volunteerin||||1,293|1,137|138|235|234|
|Voter||||7,540|6,126|9,228|7,568|8,286|
|Varsi||||6,518|5,600||5,013|5,968|
|Total||||62,394|57,661|29,529|58,581|68,370|
##
##
##
##
|Develop|a long-term
sustainability
plan,
with the aims of|combatting||rising
fuel|prices|prices||and|Partially achieved|
|---|---|---|---|---|---|---|---|---|---|
|reducing
overall waste||||||||||
|Develop|a Graduate
Intern Scheme across key roles within|the Union,||ensuring
high||quality|||Achieved|
|and skilled roles for recent graduates.||||||||||
|Develop|a blended
induction
and
ongoing
engagement|process|which
is used|||for||all|Partially achieved|
|volunteers,
casual
/ career staff and trustees||||||||||
|Review|staff reward,
recognition
and benefits packages post pandemic,|||ensuring
quality|||and||Partially achieved|
|valued|initiative's
that increase satisfaction
with staff members.|||||||||
|Create|a plan for a fully bilingual
website, developing
options and resource implications||||||||Partially achieved|
|Review|all data handling
processes and data management|across the||organisation.|||||Partially achieved|
|Ensure|systems
resilience
against external factors that may|impact digital systems,|||including||||Partially achieved|
|ensuring|PCI compliance
and robust hacking deterrents.|||||||||
##
##
##
##
##
##
##
##
##
|time as associates to su|pport
the SMT's work|and to aid professional|
|---|---|---|
|Permanent
members|||
|Chief Executive||Daniel Palmer|
|Deputy Chief Executive
Director of Engagement|8 Participation|Ben Eagle
Steve Wilford|
|Director of Communications||Raechel Mattey|
|Director of Finance||Jan Boyce|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|Funds|
|||||Notes|F||E||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||3,327,789|53,095|3,380,884|4,460,391|
|Charitable
activities|||||3,482,313||3,482,313|2,619,808|
|Other trading
activities|||||5,515,116||5,515,116|5,237,048|
|Investment
income|||||15,18?||15,187|363|
|Other income||||||||545|
|Total|||||12,340,405|53,095|12,393,500|12,318,155|
|EXPENDITURE ON|||||||||
|Raising funds|||||7,808,665|4,095|7,812,760|6,821,814|
|Charitable
activities|||||||||
||||||4,775,936|55,180|4,831,116|4,242,364|
|Total|||||12,584,601|59,275|12,643,876|11,064,178|
|NET INCOME
/ (EXPENDITURE)|||||(244,196)|(6,180)|(250,376)|1,253,977|
|Unwinding
ofdiscounted||pension|provision||(390,908)||(390,908)|398,444|
|Net income/(expenditure)||for the year|||(635,104)|(6,180)|(641,284)|1,652,421|
|Transfer between
funds|||||535,210|535,210|||
||||||(99,894)|(541,390)|(641,284)|1,652,421|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought|forward||||9,277,248|584,998|9,862,246|8,209,825|
|TOTAL FUNDS CARRIED. FORWARD|||||9,177,354|43,608|9,220,962|9,862,246|
##
|||||Group||Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||Notes|||E||
|FIXEDASSETS|||||||
|Tangible assets||15|12,252,488|12,155,967|14,277|29,351|
|Investments||16|73,563|73,563|2,000|2,000|
||||12,326,051|12,229,530|16,277|31,351|
|CURRENT ASSETS|||||||
|Stocks||17|136,326|108,518|||
|Debtors: amounts|falling due within one year|18|1,035,164|966,428|1,534,727|963,209|
|Cash at bank|||2,591,521|3,480,876|2,122,396|3,094,600|
||||3,763,011|4,555,822|3,657,123|4,057,809|
|CREDITORS|||||||
|Amounts
falling due within one year||19|(2,046,376)|(2,023,686)|(1,002,598)|(697,040)|
|NET CURRENT ASSETS|||1,716,635|2,532,136|2,654,525|3,360,769|
|TOTAL ASSETS|LESSCURRENT LIABILITIES||14,042,686|14,761,666|2,670,802|3,392,120|
|CREDITORS|||||||
|Amounts
falling due after more than one year||20||(141,667)|||
|PENSION LIABILITY||23|(4,821,724)|(4,757,753)|||
|NET ASSETS|||9,220,962|9,862,246|2,670,802|3,392,120|
|FUNDS||25|||||
|Revaluation
reserve|||9,183,828|9,786,047|||
|Pension reserve|||(4,821,724)|(4,757,753)|||
|Unrestricted
funds —Designated|||3,068,660|2,714,920|14,277|374,351|
|Unrestricted
funds - General|||1,746,590|1,534,034|2,612,917|2,403,768|
|Restricted funds|||43,608|584,998|43,608|614,001|
|TOTAL FUNDS|||9,220,962|9,862,246|2,670,802|3,392,120|
##
||||||||||2023|||2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes|||||||P|
|Cash flows from operating|activities:|.|||||||||||
|Cash generated
from operations||||||||377,605||||1,579,628|
|Net cash provided
by (used in) operating|||||||||||||
|activities||||||||377,605||||1,579,628|
|Cash flows from investing|activities:||||||||||||
|Purchase
oftangible
fixed assets
Sale oftangible
fixed assets|||||||(1,090,480)|||||(1,050,365)|
|Interest received|||||||||15,187|||363|
|Net cash provided
by (used in) investing|||||||||||||
|activities|||||||(1,075,293)|||||(1,050,002)|
|Net cash flows from financing
activities:|||||||||||||
|Bank loan repayments|||||||~161.667)|||||~DD, DDD)|
|Change
in cash and cash|equivalents||in the||||||||||
|reporting
period
Cash and cash equivalents|at the beginning|||of||||(889,355)||||479,626|
|the reporting
period|||||||3,480,876|||||3,001,250|
|Cash and cash equivalents|at the end||ofthe||||||||||
|reporting
period|||||||2,591,521|||||3,480,876|
|RECONCILIATION|OF NET INCOME/(EXPENDITURE)|||||TO NET|CASH FLOW||FROM|OPERATING||ACTIVITIES|
||||||||||||2023|2022|
|Net income/(expenditure)
for||the reporting|||period (as|per the|||||||
|statement
offinancial activities)
Adjustments
for:||||||||||(641,284)||1,652,421|
|Depreciation
charges||||||||||993,882||816,086|
|Loss on disposal offixed assets|||||||||||78|347|
|Interest received
Decrease/(increase)
Decrease/(increase)
Increase/(decrease)|in stocks
in debtors
in creditors||||||||||(15,187)
(27,808)
(68,736)
72,689|(363)
(49,315)
(530,463)
393,573|
|(Decrease)/Increase|in pension|provision|||||||||63,971|)762,656)|
|Net cash provided|by (used in)||operating||activities|||||377,605||1,579,628|
|ANALYSIS OF CHANGES
IN NET FUNDS|||||||||||||
||||||||At 1/8/22||Cash flow|||At 31/7/23|
||||||||E||||f|E|
|Net cash|||||||||||||
|Cash at bank and in hand
Debt due within one year|||||||3,480,876
(50,000)||(889,355)
50,000|||2,591,521|
|Debt due after one|year||||||~141,667|||141,667|||
||||||||3,289,209|||697,688||2,591,521|
##
##
##
##
##
##
##
##
##
##
||||||2023f|2022f|
|---|---|---|---|---|---|---|
|Donations|||||529|135|
|Grants|||||3,380,355|4,460,256|
||||||3,380,884|4,460,391|
|Grants received,|included|in the above, are||as follows:|||
||||||2023
f|2022
f|
|Cardiff University|—Block|grant|||3,073,285|2,900,000|
|Cardiff University|—Redevelopment||grant|||849,000|
|Cardiff University|-ex gratia grant||payments||253,975|361,282|
|HEFCW (via Cardiff University) —Wellbeing||||and cost of living Initiatives|49,000|345,974|
|Department
ofWork and
Santander
Diversity
Fund
Educ8||Pensions|||4,095|1,500
1,000|
|Beyond Quality Training||||||1,500|
||||||3,380,355|4,460,256|
##
##
##
##
##
|OTHER TRAD|ING AC|TIVITIES|||
|---|---|---|---|---|
||||2023|2022|
||||Z||
|Bars and food|||3,337,735|3,263,372|
|Entertainment|and venue||794,925|719,998|
|Retail shop
Letting agency
Rental income|||273,032
571,892
340,992|272,735
527,122
313,550|
|Advertising|||146,341|102,643|
|Other|||50,199|37,628|
||||5,515,116|5,237,048|
|INVESTMENT|INCOME||||
||||.2023
F|2022f|
|Deposit account interest|||15,187|363|
|INCOME FROM CHARITABLE ACTIVITIES|||||
||||2023|2022|
||||'Z|E|
|Jobshop
Athletic
Union|membership||3,059,507
142,895|2,262,754
151,139|
|income|||||
|Societies membership||income|37,280|37,598|
|Transport
income
Student Development||income|46,662
3,113|61,652
6,303|
|Give it a Go programme|||82,155|38,144|
|Other|||110,701|62,218|
||||3,482,313|2,619,808|
##
##
##
|Other|trading|activities|||
|---|---|---|---|---|
||||2023|2022|
||||F|E|
|Cardiff|Union|Services —Cost ofsales|2,997,768|2,625,512|
|Cardiff|Union|Services —other costs|4,814,992|4,196,302|
||||7,812,760|6,821,814|
##
##
##
||||||Support||
|---|---|---|---|---|---|---|
|||||Direct|costs (see||
|||||Costs|note 10)|Totals|
|||||E|F|F|
|General||||3,039,437|1,791,679|4,831,116|
|||||3,039,437|1,791,679|4,831,116|
|SUPPORT|COSTS||||||
|||Staff|||Governance||
|||costs|Other costs|Depreciation|costs|Totals|
|||||F|||
|General||1,108,853|648,870|17,306|16,650|1,791,679|
|||1,108,853|648,870|17,306|16,650|1,791,679|
##
##
##
|Net income/(expenditure)|Net income/(expenditure)|is stated after charging/(crediting):|||
|---|---|---|---|---|
||||2023
f|2022f|
|Auditors'|remuneration|—Parent charity|6,650|6,650|
|Auditors'|remuneration|—Cardiff Union Services|10,000|10,590|
|Depreciation
- owned assets|||993,882|816,086|
|Loss on|disposal offixed assets||78|346|
##
##
|During the year, remuneration
including
employ
Officers
in respect ofthese roles as follows:|ers
pension
contiibutions,
was paid to 13(202|2 —13)Sabbatic|
|---|---|---|
||Gross pay|Employer|
|||pension|
|||contributions|
|Name||E|
|N Russell|18,023|142|
|M Hutchinson|2,864||
|G Spry|2,864||
|M Panes|2,864||
|G Dunn|22,922|494|
|A Meers|2,864||
|D Owen|2,864||
|A Garcia|22,412|478|
|R Deverell
0 Evans|22,412
22,412|436
174|
|A Flores Acuna
SGoel|24,449
23,468|524|
|TWalsh|4,614|85|
##
##
##
|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2023
f|2022
f|
|Wages and salaries||||6,641,657|5,470,504|
|Social security costs||||396,259|319,358|
|Other pension costs and deficit contributions||||92,077|83,277|
|||||7,129,993|5,873,139|
|The average
number
ofemployees||during|the year was as follows:|||
|||||2023|2022|
|Cardiff University
Students'|Union|—Sabbatical officers||7|7|
|Cardiff University
Students'|Union|—Jobshop||677|584|
|Cardiff University
Students'|Union|—Administrative||45|48|
|Cardiff Union Services —Cost ofsales||||211|156|
|Cardiff Union Services —Administrative||||92|90|
|||||1,032|885|
##
|||||2022|2022|2022|
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds
f|funds|fundsf|
|INCOME AND||ENDOWMENTS|FROM||||
|Donations|and legacies|||3,261,417|1,198,974|4,460,391|
|Charitable|activities|||2,619,808||2,619,808|
|Other trading||activities||5,237,048||5,237,048|
|Investment|income|||363||363|
|Other income||||545||545|
|Total||||11,119,181|1,198,974|12,318,155|
##
||||||Unrestricted|Restricted||Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds||funds|
||||||F|F|||
|EXPENDITURE ON|||||||||
|Raising funds
Charitable
activities|||||6,821,814|||6,821,814|
|Charitable
Activities|||||3,744,630|497,734||4,242,364|
|Total|||||10,566,444|497,734||11,064,178|
|NET INCOME|||||552,737|701,240||1,253,977|
|Other recognised|gains/(losses)||||||||
|Unwinding
ofdiscounted|||pension|provision|398,444|||398,444|
|Transfers
between|funds||||659,257|~659,257)|||
|Net movement
in funds|||||1,610,438|41,983||1,652,421|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought||forward|||7,666,810|543,015||8,209,825|
|TOTAL FUNDS CARRIED FORWARD|||||9,277,248|584,998|'|9,862,246|
|TANGIBLE FIXED||ASSETS—Group|||||||
||||||Long term|Leasehold||Work in|
||||||Leasehold|Improvements||Progress|
||||||Property||||
||||||E||||
|COST|||||||||
|At 1 August 2022|||||14,000,000|1,374,429||1,072,502|
|Additions
Disposals||||||||1,073,457|
|Reclassification/|transfer|||||2,107,839||~2,122,761)|
|At 31 July 2023|||||14,000,000|3,482,268||23,178|
|DEPRECIATION|||||||||
|At 1 August 2022|||||4,213,953|254,710|||
|Charge for year|||||602,219|311,595|||
|Eliminated
on disposal|||||||||
|At 31 July 2023|||||4,816,172|566,305|||
|NET BOOK VALUE|||||||||
|At 31 July 2023.|||||9,183,828|2,915,963||23,178|
|At 31 July 2022|||||9,786,047|1,119,719||1,072,502|
##
##
##
##
|TANGIBLE FIX|EDASSETS —Group -|continued|||||||
|---|---|---|---|---|---|---|---|---|
|||||Office||Computer|||
||||equipment||equipment|||Totals|
|||||E||||E|
|COST|||||||||
|At 1 August 2022|||603,485|||191,638||17,242,054|
|Additions||||17,023||||1,090,480|
|Disposals||||(30,301)||(32,513)||(62,814)|
|Reclassification/|transfers|||14,942|||||
|At 31 July 2023|||605,149|||159,125||18,269,720|
|DEPRECIATION|||||||||
|At 1 August 2022|||457,131|||160,293||5,086,087|
|Charge for year
Eliminated
on disposal|||62,374
~33,224)||17,694
~32,513)|||993,882
~62737),|
|At 31 July 2023|||489,281|||145,474||6,017,232|
|NET BOOK VALUE|||||||||
|At 31 July 2023|||115,868|||13,651||12,252,488|
|At 31 July 2022|||146,354|||31,345||12,155,967|
|The group elected|to adopt the transitional|exemption|of FRS 102 and|has used|the long leasehold|||properties'|
|previous
valuation|as deemed cost.||||||||
|Iffreehold
property|had not been revalued|they would|have been included|at the following||historical|cost:||
|||||||2023
f||2022|
|Cost|||||1,554,978||1,554,978||
|Aggregate
depreciation|||||1,554,978|||1,554,978|
|Carrying
value|||||||||
|Charity|||||||||
|||||Office|Computer||||
||||equipment||equipment|||Totals|
|||||F||E||E|
|COST|||||||||
|At 1 August 2022||||78,014||34,952||112,966|
|Additions||||2,232||||2,232|
|At 31 July 2023||||80,246||34,952||115,198|
|DEPRECIATION|||||||||
|At 1 August 2022||||62,070||21,545||83,615|
|Charge for year||||8,050||9,256||17,306|
|At 31 July 2023||||70,120||30,801||100,921|
|NET BOOK VALUE|||||||||
|At 31 July 2023||||10,126||4,151||14,277|
|At 31 July 2022||||15,944||13,407||29,351|
|FIXEDASSET INVESTMENTS - Group||
|---|---|
||Unlisted|
||Investments|
|COST||
|At 1 August 2022 and 31 July 2023|73,563|
|NET BOOK VALUE||
|At 31 July 2023|73,563|
|At 31 July 2022|73,563|
||Unlisted|
|---|---|
|Charity|Investments|
|COST||
|At 1 August 2022 and 31 July 2023|2,000|
|NET BOOK VALUE||
|At 31 July 2023|2,000|
|At 31 July 2022|2,000|
##
|STOCKS - Group|||
|---|---|---|
||2023|2022|
||F||
|Venues- wet stock and food
Retail stock|26,541
109,785|24,943
83,575|
||136,326|108,518|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023
E|2022
E|2023
f|2022
E|
|Trade debtors||639,669|610,665|502,811|416,518|
|Amount
due from group undertakings||||876,023|347,066|
|Other debtors||5,908|5,561||30,044|
|VAT recoverable|||5,268||5,268|
|Prepayments|and accrued income|389,587|344,934|155,893|164,313|
|||1,035,164|966,428|1,534,727|963,209|
##
##
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|Bank loan||||50,000|||
|Trade creditors|||309,170|556,963|57,973|8,209|
|Social security|and other taxes||104,152|95,512|2,171|2,363|
|VAT|||118,698||34,343||
|Other creditors|||704,277|705,446|610,301|590,596|
|Accruals and deferred||income|810,079|615,765|297,810|95,872|
||||2,046,376|2,023,686|1,002,598|667,040|
|Included
within|creditors above is the following||deferred income:||||
||||||2023
E|2022
f|
|Rental deposits|held||||28,200|35,760|
|Gig tickets/deposits
Other deferred sales|||||. 65,685
45,386|78,871
14,542|
||||||139,271|129,173|
##
##
##
##
|CREDITORS: AMOUNTS|FA|LLING DUE AFTER MORE THAN ON|E YEAR - Group||
|---|---|---|---|---|
||||2023|2022|
|Bank loans (see note 21)||||141,667|
|LOANS - Group|||||
|An analysis ofthe maturity|of|loans is given below:|2023|2022|
|||||E|
|Amounts
falling due within|one year or on demand:||||
|Bank loans||||50,000|
|Amounts
falling due between
Bank loans -1-2 years||one and two years:||50,000|
|Amounts
falling due between
Bank loans -2-5 years||two and five years:||91,667|
##
|Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:||
|---|---|---|
||2023
f|2022
f|
|Within one year|18,926|23,569|
|Between one and five years|24,583|10,890|
||43,509|34,459|
##
|Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:||
|---|---|---|
||2023
f|2022
f|
|Within one year
Between one and five years|14,203
19,580|18,681
1,154|
||33,783|19,835|
##
##
|PROVISIONS FOR LIAB|ILITIES -Group||
|---|---|---|
|||Pension|
|||pi'ovislon
f|
|Balance at 1 August 2022
Unwinding
ofdiscounted
amount
Payments
during the year||4,757,753
390,908
~326,937|
|Balance at 31 July 2023||4,821,724|
##
##
##
##
|MOVEMENT
IN FUNDS - Group||||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1/8/22|in funds|funds|31/7/23|
|||F||F|E|
|Unrestricted
funds||||||
|Revaluation
reserve
Pension reserve
General
fund
Designated
fund: Fixed Assets Fund
Designated
fund: Great Hall and entrance||9,786,047
(4,757,753)
1,534,034
2,369,920
345,000|(390,908)
749,686
(993,882)|(602,219)
326,937
(537,130)
1,692,622
(345,000)|9,183,828
(4,821,724)
1,746,590
3,068,660|
|project||||||
|Restricted funds||9,277,248|(635,104)|535,210|9,177,354|
|Black History
Month
Waste 8 recycling project
Period Poverty grant
Santander
Diversity Fund
Cardiff University —3'd floor project
Cardiff University —Great Hall and front||513
6,090
10,424
3,757
15,755|(513)
(1,020)
(3,757)|(15,755)|6,090
9,404|
|entrance||548,459||(548,459)||
|Cardiff Volunteering|||(890)|29,004|28,114|
|TOTAL RESTRICTED FUNDS||584,998|(6,180)|(535,210)|43,608|
|TOTAL FUNDS||9,862,246|641,284||9,220,962|
|Net movement
in funds, included|in the above|are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||F|E||
|Unrestricted
funds||||||
|General
fund
Pension reserve
Designated
fund: Fixed Assets Fund||12,340,405|(11,590,719)
~993.882)|(390,908)|749,686
(390,908)
~993.882)|
|Restricted funds||12,340,405|(12,584,601)|(390,908)|(635,104)|
|.Black History Month
Period Poverty grant
Santander
Diversity
Fund
HEFCW —Wellbeing
and cost of|||(513)
(1,020)
(3,757)||(513)
(1,020)
(3,757)|
|living initiatives
Cardiff Volunteering
DWP —Access to work grant||49,000
4,095|(49,000)
(890)
~4,095)||(890)|
|||53,095|~59.275||6,180|
|TOTAL FUNDS||12,393,5DD|(12,643,876)|~390,908)|~641,284)|
##
##
##
##
|COMPARATIVE|MOVE|MENT
IN FUNDS - Gro|up||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1/8/21|in funds|funds|31/7/22|
|||||F|F|E|
|Unrestricted
funds|||||||
|Revaluation
reserve|||10,388,265||(602,218)|9,786,047|
|Pension
reserve|||(5,460,41 1)|398,444|304,214|(4,757,753)|
|General
fund|||1,205,186|1,368,823|(1,039,975)|1,534,034|
|Designated
fund:|Fixed|Assets Fund|1,533,770|(816,086)|1,652,236|2,369,920|
|Designated
fund:|Great|Hall and entrance|||345,000|345,000|
|project|||||||
||||7,666,810|951,181|659,257|9,277,248|
|Restricted funds|||||||
|Black History
Month|||705|(192)||513|
|Waste 8, recycling
project|||6,090|||6,090|
|Period Poverty grant|||10,441|(17)||10,424|
|Further financial|support||148,308|(148,308)|||
|Santander
Diversity
Fund|||3,000|757||3,757|
|Cardiff University|—3'd floor project||374,471||(358,716)|15,755|
|Cardiff University|—Great Hall and front||||||
|entrance||||849,000|(300,541)|548,459|
|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|expended|losses|in funds|
||||F|E|E||
|Unrestricted
funds|||||||
|General fund|||11,119,181|(9,750,358)||' 1,368,823|
|Pension reserve
Designated
fund:|Fixed Assets Fund|||~818,086)|398,444|398,444
~816.086)|
||||11,119,181|(10,566,444)|398,444|951,181|
|Restricted funds|||||||
|Black History Month||||(192)||(192)|
|Period Poverty grant||||(17)||(17)|
|Further financial|support|||(148,308)||(148,308)|
|Santander
Diversity
Fund|||1,500|(743)||757|
|Educ8 training
grant|||1,000|(1,000)|||
|Beyond Equality|Training||1,500|(1,500)|||
|HEFCW|||345,974|(345,974)|||
|Cardiff University|—Great Hall and front||||||
|entrance|||849,000|||849,000|
||||1,198.974|~497,734)||701,240|
|TOTAL FUNDS|||12,318,155|(11,064,178)|398,444|1,652,421|
##
##
##
##
##
##
##
##
##
##
||||Restricted|Unrestricted||
|---|---|---|---|---|---|
||||funds|funds|Total|
||||F|F|F|
|Fund balances at 31 July 2023 are represented||by:||||
|Tangible fixed assets
Investments||||12,252,488
73,563|12,252,488
73,563|
|Current|assets||43,608|3,719,403|3,763,011|
|Current|liabilities|||(2,046,376)|(2,046,376)|
|Pension|liability|||~4.821.724|~4,821,724|
|Total net assets|||43,808|9,177,354|9,220,962|
##
##
|have been con|solidated
on a line by line b|solidated
on a line by line b|asis in the SOFA.||.|
|---|---|---|---|---|---|
|A summary
of|the results ofthe subsidiary||for the year is shown|below:||
|Turnover
Cost ofsales|||||5,515,116
(2,997,768)|
|Gross profit|||||2,517,348|
|Administrative|expenses||||(4,808,546)|
||||||(2,291,198)|
|Other operating|income||||2,753,399|
||||||462,201|
|Interest receivable||and similar income|||15,187|
|Interest payable|||||(6,446)|
|Other finance costs|||||(390,908)|
|PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION|||||80,034|
|Taxation||||||
|PROFIT FOR THE||FINANCIAL YEAR|||80,034|
|The aggregate|ofthe assets, liabilities and||funds was:|||
|Assets|||||13,291,682|
|Liabilities|||||(6,741,524)|
|Reserves|||||6,550,158|