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|Contents||||Page|
|---|---|---|---|---|
|Legal and administrative||information|||
|Trustees'<br>report||||3-17|
|Statement ofTrustees'|responsibilities|||18|
|Independent<br>auditor's|report|||19-22|
|Consolidated<br>statement||offinancial|activities||
|Consolidated<br>balance sheet||||24|
|Charity balance sheet||||25|
|Consolidated<br>statement||ofcash flows||26|
|Notes to the consolidated||financial|statements|27-44|





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||||||Unrestricted|Unrestricted|Restricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||General|Designated|Restricted|Permanent|Total|Total|
|||||Note|Fund|Fund|Funds|Endowment|2021|2020|
||||||OOOO|OOOO|f000|OOOO|8000|f.000|
|Income and endowments|||from:||||||||
|Block Grant||||2a|2,159||||2,159|2,337|
|Grant income||||2b|446||||446|170|
|Trading services income||||3a|876||||876|2,344|
|Other services income||||3b|35||||576|225|
|Total|||||3,518||541|-|4,057|5,076|
|Expenditure<br>on:|||||||||||
|Charitable<br>activities|||||||||||
|Trading services expenditure||||4|1,142||||1,142|2,276|
|Support costs||||4|2,308||309|220|2,839|3,039|
|Total|||||3,460||309|220|3,981|5,315|
|Net income/(expenditure)||before||||(2)|232|(220)|76|(239)|
|unrealised<br>gains|||||||||||
|Net (losses)/ gains|on investments|||9||||||(4)|
|Net income/(expenditure)|||||74|(2)|232|(220)|84|(243)|
|Transfers between|funds||||(100)|100|||||
|Net movement<br>in funds|||||(26)|98|232|(220)|84|(243)|
|Total funds brought|forward||at||||||||
|3August 2020|||||287|17|264|10,171|10,739|10,982|
|Total funds carried|fotward||at||||||||
|2August 2021|||||281|115|49B|9,951|10,823|10,739|





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||||Note|2021|2020|
|---|---|---|---|---|---|
|||||f000|f.000|
|Fixed assets||||||
|Tangible assets||||10,360|10,701|
|Investments||||59|51|
|||||10,419|10,752|
|Current assets||||||
|Stocks —Goods held||for resale||103|121|
|Debtors|||10|149|172|
|Cash at bank and|in|hand||1,462|868|
|||||1,714|1,161|
|Current liabilities||||||
|Creditors —amounts||falling due within one year|11|(990)|(774)|
|Net current assets||||724|387|
|Total assets less|current liabilities|||11,143|11,139|
|Creditors —amounts||falling due after one year|12|(320)|(400)|
|Net assets||||10,823|10,739|
|Restricted<br>Funds||||||
|Permanent<br>Endowment|||14|9,951|10,171|
|Restricted Funds|||14|496|264|
|Unrestricted<br>Funds||||||
|General<br>Fund|||14|261|287|
|Designated<br>Fund|||14|115|17|
|Total Charity Funds||||10,823|10,739|





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|||Note|2021|2020|
|---|---|---|---|---|
||||oooo|EOOO|
|Fixed assets|||||
|Tangible assets<br>Investments|||10,108<br>59|10,370<br>51|
||||10,167|10,421|
|Current assets|||||
|Stocks - Goods held|for resale||56|76|
|Debtors||10|277|277|
|Cash at bank and in|hand||1,311|818|
||||1,644|1,171|
|Current<br>liabilities|||||
|Creditors —amounts|falling due within one year|11|(813)|(758)|
|Net current assets|||831|413|
|Total assets less current liabilities|||10,998|10,834|
|Net assets|||10,998|10,834|
|Restricted<br>Funds|||||
|Permanent<br>Endowment||14|9,951|10,171|
|Restricted Funds||14|496|264|
|Unrestricted<br>Funds|||||
|General<br>Fund|||436|382|
|Designated<br>Fund|||115|17|
|TotalCharityFund|s||10,998|10,834|





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|||Notes|2021|2020|
|---|---|---|---|---|
||||OOOO|6000|
|Cash flows from operating<br>activities:|||||
|Net cash provided<br>by operating<br>activities||18|630|69|
|Cash flows from investing<br>activities:|||||
|Purchase of property,<br>plant and equipment|||(36)|(432)|
|Proceeds from sales of investments|||||
|Purchase of investments|||||
|Net cash used<br>in investing<br>activities|||(36)|(432)|
|Cash flows from financing<br>activities:|||||
|Value ofnew loans obtained<br>during the period||||400|
|Net cash inflow from financing<br>activities||||400|
|Change<br>in cash and cash equivalents<br>in the|year||594|37|
|Cash and cash equivalents<br>at the beginning|ofthe year||868|831|
|Total cash and cash equivalents<br>at the end|ofthe year|19|1,462||





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|||||2021|2020|
|---|---|---|---|---|---|
|||||f000|f000|
|Block grant from Newcastle||University||2,159|2,337|
|||||2,159|2,337|
|GRANT INCOIIE||||||
|||||2021|2020|
|||||f000|f000|
|Coronavirus|Job Retention|Scheme grant||201|170|
|Other grant income||||246||
||||||170|
|TRADlNG SERVICES lNCOME||||||
|||Unrestricted|2021|2020||
|||f000|f000|f000||
|Bars||31|31|355||
|Shops||677|677|1,444||
|Events||4|4|278||
|Marketing||82|82|133||
|Other trading|activities|82|82|134||
|||876|876|2,344||



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||Unrestricted|Restricted|2021|
|---|---|---|---|
||OOOO|f000|f000|
|Athletic<br>Union||300|300|
|Activities||15|17|
|Access Agreement||88|88|
|Campus<br>Sport||27|27|
|Media||||
|Your Voice|25||25|
|Volunteering||40|48|
|Advocacy<br>&Welfare||71|71|
|Bank interest||||
||35|541|5?6|
|OTHER SERVICES INCOME|PRIOR YEAR|||
||Unrestricted|Restricted|2020|
||OOOO|6000|EOOO|
|Athletic<br>Union||||
|Activities|21||21|
|Access Agreement||90|90|
|Campus<br>Sport|3|13|16|
|Media|11||11|
|Your Voice|9|42|51|
|Volunteering|5|38|43|
|Advocacy<br>&Welfare||||
|Bank interest||||
||42|183|225|



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||Direct|Indirect|Total|
|---|---|---|---|
||Costs|Costs|2021|
||EOOO|EOOO|EOOO|
|Bars|23|96|119|
|Shops|568|188|756|
|Events||42|53|
|Marketing||30|30|
|Other Trading Activities|23|59|82|
|Depreciation||92|92|
|Loan interest||10|10|
||625|517|1,142|



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||Direct|Indirect|Total|
|---|---|---|---|
||Costs|Costs|2020|
||EOOO|EOOO|EOOO|
|Bars|138|190|328|
|Shops|1,103|331|1,434|
|Events|172|105|277|
|Marketing||62|62|
|Other Trading Activities|16|67|83|
|Depreciation||83|83|
|Loan interest||10|10|
||1,429|809|2,276|





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|SUPPORT C|OSTS CUR|RENT YEAR|||||||
|---|---|---|---|---|---|---|---|---|
||Admin<br>&|Rep &|Advocacy||&|Comm-|||
||Buildlng|Democracy|Participation|Welfare||unications|Grants|Total|
|||||||||2021|
||f000|f000|f000|OOOO||f000|f000|OOOO|
|Staff costs|512|267|458|171||187|201|1,796|
|Depreciation|256||6|||23||285|
|Energy costs|174|||||||174|
|Other costs|163|32|65||12|||336|
|Sport (AU)|||||||||
|Societies|||214|||||248|
||1,105|332|743|183||275|201|2,839|



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||Admin<br>&|Rep 8|Advocacy 8|Advocacy 8|Comm-|||
|---|---|---|---|---|---|---|---|
||Building|Democracy|Participation|Welfare|unications|Grants|Total|
||||||||2020|
||OOOO|OOOO|f000|f000|OOOO|f000|f000|
|Staff costs|532|228|471|170|138|170|1,709|
|Depreciation|258||8||21||286|
|Energy costs|173||||||173|
|Other costs|164|45|174||58||452|
|Sport (AU)|||136|||134|270|
|Societies|||51|||98|149|
||1,110|273|840|181|217|402|3,039|





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|The average|n|umber of|employees<br>(Full Time Equivalent)|analysed<br>by function was:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||No.|No.|
|Administration||& Building|Services|15|15|
|Representation||&Democracy||10|8|
|Participation|&|Personal|Development|16|17|
|Advice &Welfare||||5|5|
|Communications||||6|5|
|Trading||||15|29|
|||||67|79|



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|TANGIBLE ASSETS<br>Group|||||
|---|---|---|---|---|
|||Furniture|||
||Land &|and|Imotor||
||Buildings|equipment|Vehicles|Total|
||KOOO|OOOO|OOOO|OOOO|
|Cost|||||
|At 3August 2020|20,411|1,301|48|21,?60|
|Additions||36||36|
|Disposals|||||
|At 1 August 2021|20,411|1,337|48|21,796|
|Depreciation|||||
|At 3August 2020|10,227|790|42|11,059|
|Disposals|||||
|Charge for the year|218|153||377|
|At 1 August 2021|10,445||48|11,436|
|Net book value|||||
|At 1 August 2021|9,966|394||10,360|
|Net book value|||||
|At 2 August 2020|10,184|511|6|10,701|





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|ANGIBLE ASSETS<br>Charity|||||
|---|---|---|---|---|
|||Furniture|||
||Land &|and|Motor||
||Buildings|equipment|Vehicles|Total|
||FOQO|OOOO|OOOO|OOOO|
|Cost|||||
|At 3August 2020|20,411|904|48|21,363|
|Additions||36||36|
|Disposals|||||
|At 1August 2021|20,411|940|48|21,399|
|Depreciation|||||
|At 3August 2020|10,227|724|42|10,993|
|Disposals|||||
|Charge for the year|218|74||298|
|At 1 August 2021|10,445|798|48|11,291|
|Net book value|||||
|At 1August 2021|9,966|142||10,108|
|Net book value|||||
|At 2 August 2020|10,184|180|6|10,370|





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|INVESTMENTS||||
|---|---|---|---|
|||GROUP 8|CHARITY|
|||2021|2020|
|||FOOO|FOOO|
|Market value at|3August 2020|51|55|
|Income retained|within the portfolio|||
|Net investment|gains —unrealised||(4)|
|Disposal of Investments||||
|Purchase of investments||||
|Market value at|1 August 2021|59||



|10|DEBTORS|||GROUP|||CHARITY|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||F000|FOOO|FOOO|f000|
||Trade debtors|||38|11|18|9|
||Other debtors|||10|12|4|7|
||Prepayments|and accrued income||101|106|87|96|
||Taxation||||43|||
||Balances owed by subsidiary||undertaking|||168|165|
|||||149|172|277|277|





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|CREDIT|ORS AMOUNTS<br>|FALLING|DUE WITHIN ONE YEA|R||||
|---|---|---|---|---|---|---|---|
|||||GROUP|||CHARITY|
|||||2021|2020|2021|2020|
|||||EOOO|FOOO|KOQO|f000|
|Trade creditors||||63|15|42|14|
|Amount|owed to University|ofNewcastle||36|43|36|43|
|Deferred|income (invoiced|in advance)||11|36|11|36|
|Funds held as custodian —Students'|||clubs and societies|616|567|616|567|
|Other creditors||||59|17|10|17|
|Taxation|and Social Security|||31|26|31|26|
|Payroll||||||||
|Accruals||||94|70|67|55|
|Loan||||80||||
|||||990|774|813|758|



|Deferred|income|comprises<br>income invoiced<br>in advance ofthe se|rvice being provided.|
|---|---|---|---|
||||f000|
|Balance|at3August 2020||36|
|Amount|released|to charitable services income|(27)|
|Amount|deferred|in year||
|Balance|as at 1|August 2021||





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|12|CREDITORS|CREDITORS|- AMOUNTS|FALLING DUE AFTER ONE YEAR||GROUP||CHARITY|
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2021|2020|
||||||OOOO|OOOO|f000|f000|
||Amount|owed|to University|of Newcastle|320|400|||



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|14|STATEMENT OF FUNDS CURRENT|STATEMENT OF FUNDS CURRENT|PERIOD|PERIOD|||||
|---|---|---|---|---|---|---|---|---|
||||Balance at||Income &|Expenditure|Transfers|Balance at|
|||||3.8.20|investments|||1.8.21|
|||||OOOO|FOOO|f000|OOOO|OOOO|
||Unrestricted<br>funds||||||||
||General funds|||287|3,524|(3,450)|(100)|261|
||Designated<br>funds|||17||(2)|100|115|
||Restricted funds||||||||
||tUniversity-<br>Access Agreement<br>tUniversity-<br>Sports expansion<br>t University-<br>Catherine<br>Cookson<br>t University<br>NUFR- Catherine<br>Cookson|||6<br>12<br>4|88|(42)<br>(9)<br>(4)||52<br>2<br>5<br>3|
||t University-<br>Nightline<br>rent|||||(7)|||
||t University-<br>Best Neighbour||||||||
||t University-<br>Post Grad Salaries|||||(1)|||
||t University-<br>Frederick Douglass|Award||||||2|
||t University-<br>Sensory packs<br>t Touch Rugby<br>t University-<br>Elite Sport<br>I University-<br>EDI Consultation||||300<br>30|(4)<br>(118)<br>(10)||1<br>2<br>182<br>20|
||t University-<br>LGBTQ+ attainment<br>gap<br>t University-<br>LGBTQ+ safe spaces||||1<br>15|||1<br>15|
||t University-<br>Micro aggression<br>arts<br>IVolunteering-<br>SCAN funds<br>ffUniversity —Capital<br>fIUniversity<br>—Finance Systems<br>t Santander<br>Diversity Ambassadors|||2<br>193<br>21<br>2|2<br>10|(1)<br>(53)<br>(8)<br>(1'I)||1<br>2<br>139<br>13<br>2|
||t Newcastle<br>City Council|||7||(7)|||
||t NEST donations|||4|6|(5)||5|
||t National<br>Lottery NEST<br>IAction Foundation<br>NEST||||12<br>28|(12)<br>(14)||14|
||tCoop first Responders<br>ICoop Procrastiknitting<br>t Newcastle<br>City Council Community<br>t Support and Wellbeing<br>Activity||Health|fund|1<br>1<br>2<br>27|(3)||1<br>1<br>2<br>24|
||I Healthy<br>and Happy<br>Fund (Circus Grant)<br>I Youth Trips<br>t NICOT|||3|1<br>3|||1<br>3<br>3|
||Total Restricted Funds|||264|541|(309)||496|
||Permanent<br>Endowment|||10,171||(220)||9,951|
|||||10,739|4,065|(3,981)||10,823|
||ffCapital Grant||||||||
||z Trading Services Income/<br>Expenditure||||||||
||t Other Service IncomelExpenditure||||||||





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||||Fixed Assetsl|Nst|Current|I ong Term|Fund|
|---|---|---|---|---|---|---|---|
||||investments||Assets|Liabilities|Balances|
||||OOOO||OOOO|f000|f000|
|General funds|||333||248|(320)|261|
|Designated|funds||||115||115|
|Restricted funds|||135||361||496|
|Permanent|endowment|funds|9,951||||9,951|
||||10,419||?24|(320)|10,823|
|ANALYSIS|OF NET ASSETS BETWEEN FUNDS -PRIOR|||PERIOD||||
||||Fixed Assetsl|Net|Current|Long Term|Fund|
||||investments||Assets|Liabilities|Balances|
||||OOOO||f000|FOOO|f000|
|General funds|||427||260|(400)|287|
|Designated|funds||2||15||17|
|Restricted|funds||152||112||264|
|Permanent|endowment|funds|10,171||||10,171|
||||10,752||387|(400)|10,739|



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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||OOOO|f000|
|Net expenditure<br>before|||unrealised||gains|84|(243)|
|Depreciation||||||377|369|
|Decrease|in stocks|||||18|(44)|
|Decrease/(increase)||in debtors||||23|(32)|
|Increase|in creditors|||||136|15|
|Unrealised|(gains)/losses||on|investments||(8)|4|
|Net cashf|low from operating|||activities||630|69|



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|||At 3August|Cash flows|Noncash|At1 August|
|---|---|---|---|---|---|
|||2020||movements|2021|
|Cash and|cash equivalents|868|594||1,462|
|Debt due|within one year|||(80)|(80)|
|Debt due|after more than one year|(400)||80|(320)|
|Changes|in net debt|468|594||1,062|