| Contents | Page | ||
|---|---|---|---|
| Legal and administrative | information | 1-2 | |
| Trustees' report |
3 - 21 | ||
| Statement ofTrustees' | responsibilities | 22 | |
| Independent auditor's |
report | 23-26 | |
| Consolidated statement |
offinancial activities | 27 | |
| Consolidated balance sheet |
28 | ||
| Charity balance sheet | |||
| Consolidated statement |
ofcash flows | 30 | |
| Notes to the consolidated | financial statements | 31 —48 |
| Unrestdcted | Unrestdcted | Restricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Permanent | Total | Total | |||||
| Note | Fund | Fund | Funds | Endowment | 2022 | 2021 | ||||
| 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | |||||
| Income and endowments | from: | |||||||||
| Block Grant | 2a | 2,169 | 2,169 | 2,159 | ||||||
| Grant income | 2b | 8 | 8 | 446 | ||||||
| Trading services income | 3a | 2,988 | 2,988 | 876 | ||||||
| Other services income | 3b | 117 | 465 | 590 | 576 | |||||
| Total | 5,282 | 465 | 5,755 | 4,057 | ||||||
| Expenditure on: |
||||||||||
| Charitable activities |
||||||||||
| Trading services expenditure | 4 | 2,843 | 12 | 1 | 2,856 | 1,142 | ||||
| Support costs | 4 | 2,342 | 60 | 680 | 219 | 3,301 | 2,839 | |||
| Total | 5,185 | 72 | 681 | 219 | 6,157 | 3,981 | ||||
| Net income/(expenditure) | before | 97 | (64) | (216) | (219) | (402) | ||||
| unrealised gains |
||||||||||
| Net (losses)/ gains | on investments | 9 | (5) | (5) | ||||||
| Net income/(expenditure) | 92 | (64) | (216) | (219) | (407) | 84 | ||||
| Transfers between | funds | |||||||||
| Net movement in |
funds | 92 | (64) | (216) | (219) | (407) | 84 | |||
| Total funds brought | forward | at | ||||||||
| 2 August 2021 | 261 | 115 | 496 | 9,951 | 10,823 | 10,739 | ||||
| Total funds carried forward at | ||||||||||
| 31July 2022 | 14 | 353 | 51 | 280 | 9,732 | 10,416 | 10,823 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| f000 | OOOO | |||
| Fixed assets | ||||
| Tangible assets | 10,001 | 10,360 | ||
| Investments | 54 | 59 | ||
| 10,055 | 10,419 | |||
| Current assets | ||||
| Stocks —Goods held | for resale | 131 | 103 | |
| Debtors | 10 | 174 | 149 | |
| Cash at bank and in | hand | 1,306 | 1,462 | |
| 1,611 | 1,714 | |||
| Current liabilities |
||||
| Creditors —amounts | falling due within one year | 11 | (890) | (990) |
| Net current assets | 721 | 724 | ||
| Total assets less current liabilities | 10,776 | 11,143 | ||
| Creditors —amounts | falling due after one year | 12 | (360) | (320) |
| Net assets | 10,416 | 10,823 | ||
| Restricted Funds |
||||
| Permanent Endowment |
14 | 9,732 | 9,951 | |
| Restricted Funds | 14 | 280 | 496 | |
| Unrestricted Funds |
||||
| General Fund |
14 | 353 | 261 | |
| Designated Fund |
14 | 51 | 115 | |
| Total Charity Funds | 10,416 | 10,823 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| 8000 | 6000 | |||
| Fixed assets | ||||
| Tangible assets | 9,829 | 10,108 | ||
| Investments | 59 | |||
| Current assets | 9,883 | 10,167 | ||
| Stocks - Goods held | for resale | 66 | 56 | |
| Debtors | 10 | 137 | 277 | |
| Cash at bank and in | hand | 1,222 | 1,311 | |
| Current liabilities |
1,425 | 1,644 | ||
| Creditors —amounts | falling due within one year | 11 | (763) | (813) |
| Net current assets | 662 | 831 | ||
| Total assets less current liabilities | 10,545 | 10,998 | ||
| Net assets | 10,545 | 10,998 | ||
| Restricted Funds |
||||
| Permanent Endowment Restricted Funds |
14 14 |
9,732 280 |
9,951 496 |
|
| Unrestricted Funds |
||||
| General Fund | 482 | 436 | ||
| Designated Fund |
14 | 51 | 115 | |
| Total Charity Funds | 10,545 | 10,998 |
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| EOOO | KOOO | |||
| Cash flows from operating activities: |
||||
| Net cash provided by operating activities |
18 | (142) | 630 | |
| Cash flows from investing activities: |
||||
| Purchase ofproperty, plant, and equipment |
(14) | (36) | ||
| Proceeds from sales of investments | ||||
| Purchase of investments |
||||
| Net cash used in investing activities |
(14) | (36) | ||
| Cash flows from financing activities: |
||||
| Value of new loans obtained during the period |
||||
| Net cash inflow from financing activities |
||||
| Change in cash and cash equivalents in the |
year | (156) | ||
| Cash and cash equivalents at the beginning |
ofthe year | 1,462 | 868 | |
| Total cash and cash equivalents at the end |
ofthe year | 19 | 1,306 | 1,462 |
| '/o | |||
|---|---|---|---|
| Furniture | and equipment | 20-33'/s | |
| Motor vehicles | 33N | ||
| Buildings | and building | improvements | 2 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| KOOO | KOOO | ||||
| Block grant | from Newcastle | University | 2,169 | 2,159 | |
| 2b | GRANT INCOME | ||||
| 2022 | 2021 | ||||
| KOOO | KOOO | ||||
| Coronavirus | Job Retention | Scheme grant | 201 | ||
| Other grant | income | 246 | |||
| 446 |
| TRADING S | ERVICES INCOME | |||
|---|---|---|---|---|
| Unrestricted | 2022 | 2021 | ||
| FOOO | KOOO | KOOO | ||
| Bars | 540 | 540 | 31 | |
| Shops | 1,958 | 1,958 | 677 | |
| Events | 269 | 269 | 4 | |
| Marketing | 86 | 86 | 82 | |
| Other trading | activities | 135 | 135 | 82 |
| 2,988 | 2,988 | 876 |
| Unrestricted | Designated | Restricted | 2022 | ||
|---|---|---|---|---|---|
| f000 | f000 | f000 | f000 | ||
| AC - Activities | 42 | 20 | 62 | ||
| AU - Sport | 155 | 155 | |||
| ME - Media | 1 | 9 | |||
| SP —Sport | 8 | 10 | 18 | ||
| VO - Volunteering | 7 | 136 | 143 | ||
| YV-Your Voice | 18 | 144 | 162 | ||
| Other Marketing | income | 40 | 40 | ||
| Bank interest | 1 | 1 | |||
| 117 | 465 | 590 | |||
| ER SERVICES INCOME PRIOR YEAR | |||||
| Unrestricted | Designated | Restricted | 2021 | ||
| f000 | f000 | f000 | f000 | ||
| Athletic Union | 300 | 300 | |||
| Activities | 15 | 17 | |||
| Access Agreement | 88 | 88 | |||
| Campus Sport |
27 | 27 | |||
| Your Voice | 25 | 25 | |||
| Volunteering | 8 | 40 | 48 | ||
| Advocacy &Welfare |
71 | 71 | |||
| 35 | 541 | 576 |
| Direct | Indirect | Total | |
|---|---|---|---|
| Costs | Costs | 2022 | |
| K000 | K000 | K000 | |
| Bars | 184 | 286 | 470 |
| Shops | 1,486 | 365 | 1,851 |
| Events | 206 | 89 | 295 |
| Marketing | 67 | 67 | |
| Other Trading Activities | 17 | 55 | 72 |
| Depreciation | 91 | 91 | |
| Loan interest | 10 | 10 | |
| 1,893 | 963 | 2,856 | |
| TRADING SERVICES EXPENDITURE PRIOR YEAR | |||
| Direct | Indirect | Total | |
| Costs | Costs | 2021 | |
| KOOO | KOOO | KOOO | |
| Bars | 23 | 96 | 119 |
| Shops | 568 | 188 | 756 |
| Events | 11 | 42 | 53 |
| Marketing | 30 | 30 | |
| Other Trading Activities | 23 | 59 | 82 |
| Depreciation | 92 | 92 | |
| Loan interest | 10 | 10 | |
| 625 | 517 | 1,142 |
| SUPPORT COSTS CU | RRENT YEAR | ||||||
|---|---|---|---|---|---|---|---|
| Admin | Rep | Part- | Advocacy | Comm- | Grants | Total | |
| & | & | ICI | & | unica- | |||
| Building | Democracy | pation | Welfare | tions | |||
| 2022 | |||||||
| f000 | f000 | FOOO | f000 | f000 | f000 | f000 | |
| Staff costs | 569 | 255 | 537 | 173 | 184 | 8 | 1,726 |
| Depreciation | 255 | 1 | 25 | - | 281 | ||
| Energy costs | 145 | 145 | |||||
| Other costs | 201 | 51 | 186 | 9 | 65 | - | 512 |
| Societies | 16 | 124 | 478 | 19 | - | 637 | |
| 1,186 | 431 | 1,201 | 182 | 293 | 8 | 3,301 | |
| UPPORT COSTS PRIOR YEAR | |||||||
| Admin | Rep | Part- | Advocacy | Comm- | Grants | Total | |
| & | & | ICI- | & | unica- | |||
| Building | Democracy | patio n | Welfare | tions | |||
| f000 | f000 | f000 | f000 | f000 | f000 | 2021 f000 |
|
| Staff costs | 512 | 267 | 458 | 171 | 187 | 201 | 1,796 |
| Depreciation | 256 | 23 | - | 285 | |||
| Energy costs | 174 | 174 | |||||
| Other costs | 163 | 32 | 65 | 12 | 64 | - | 336 |
| Sport (AU) | |||||||
| Societies | 33 | 214 | 1 | - | 248 | ||
| 1,105 | 332 | 743 | 183 | 275 | 201 | 2,839 |
| The average n |
u | mber of | empl | oyees (Full Time Equivalent) analysed by |
function was: | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| No. | No. | |||||
| Administration | 8, | Building | Services | 14 | 15 | |
| Representation | &Democracy | 11 | 10 | |||
| Participation 8, |
Personal | Development | 21 | 16 | ||
| Advice &Welfare | 4 | 5 | ||||
| Communications | 7 | 6 | ||||
| Trading | 28 | 15 | ||||
| 85 | 67 | |||||
| Average number |
ofemployees | over the year was 153(2021:124). |
| Group | ||||
|---|---|---|---|---|
| Land & | Furniture & |
Motor | ||
| Buildings | Equipment | Vehicles | Total | |
| 6000 | 6000 | 6000 | 6000 | |
| Cost | ||||
| At 1 August 2021 | 20,411 | 1,337 | 48 | 21,796 |
| Additions | 14 | 14 | ||
| Disposals | ||||
| At 31 July 2022 | 20,411 | 1,351 | 48 | 21,810 |
| Depreciation | ||||
| At 1 August 2021 | 10,445 | 943 | 48 | 11,436 |
| Disposals | ||||
| Charge for the year | 220 | 153 | 373 | |
| At 31July 2022 | 10,665 | 1,096 | 48 | 11,809 |
| Net book value | ||||
| At 31 July 2022 | 9,746 | 255 | 10,001 | |
| Net book value | ||||
| At 1 August 2021 | 9,966 | 394 | 10,360 |
| harity | ||||
|---|---|---|---|---|
| Furniture | ||||
| Land & | and | Motor | ||
| Buildings | equipment | Vehicles | Total | |
| EOOO | EOOO | f000 | OOOO | |
| Cost | ||||
| At 1 August 2021 | 20,411 | 940 | 48 | 21,399 |
| Additions | 14 | 14 | ||
| Disposals | ||||
| At 31 July 2022 | 20,411 | 48 | 21,413 | |
| Depreciation | ||||
| At 1 August 2021 | 10,445 | 798 | 48 | 11,291 |
| Disposals | ||||
| Charge for the year | 220 | 73 | 293 | |
| At 31 July 2022 | 10,665 | 871 | 48 | 11,584 |
| Net book value | ||||
| At 31 July 2022 | 9,746 | 83 | 9,829 | |
| Net book value | ||||
| At 1 August 2021 | 9,966 | 142 | 10,108 |
| GROUP & | CHARITY | ||
|---|---|---|---|
| 2022 | 2021 | ||
| FOOO | 6000 | ||
| Market value at 1 August 2021 | 59 | 51 | |
| Net investment | gains —unrealised | 8 | |
| Net investment | losses | (5) | |
| Market value at 31 July 2022 | 59 |
| DEBTORS | ||||||
|---|---|---|---|---|---|---|
| GROUP | CHARITY | |||||
| 2022 | 2021 | 2022 | 2021 | |||
| 6000 | 6000 | f000 | 6000 | |||
| Trade debtors | 34 | 38 | 34 | 18 | ||
| Other debtors | 31 | 10 | 7 | 4 | ||
| Prepayments | and accrued income | 109 | 101 | 80 | 87 | |
| Balances owed by subsidiary | undertaking | 16 | 168 | |||
| 174 | 149 | 137 | 277 |
| CREDIT | ORS AMOUNTS |
FALLING | DUE WITHIN ONE YEA | R | |||
|---|---|---|---|---|---|---|---|
| GROUP | CHARITY | ||||||
| 2022 | 2021 | 2022 | 2021 | ||||
| K000 | f000 | 6000 | K000 | ||||
| Trade creditors | 112 | 63 | 49 | 42 | |||
| Amount | owed to University | ofNewcastle | 27 | 36 | 27 | 36 | |
| Deferred | income (invoiced | in advance) | 31 | 11 | 31 | 11 | |
| Funds held as custodian —Students' | clubs and societies | 483 | 616 | 483 | 616 | ||
| Other creditors | 18 | 59 | 18 | 10 | |||
| Taxation | and Social Security | 63 | 31 | 57 | 31 | ||
| Accruals | 116 | 94 | 98 | 67 | |||
| Loan | 40 | 80 | |||||
| 890 | 990 | 763 | 813 |
| E000 | ||||
|---|---|---|---|---|
| Balance | at 1 August 2021 | |||
| Amount | released | to charitable | services income | |
| Amount | deferred | in year | 31 | |
| Balance | as at 31 | July 2022 |
| 14 | STATEMENT OF FUNDS CURRENT PERIOD | STATEMENT OF FUNDS CURRENT PERIOD | STATEMENT OF FUNDS CURRENT PERIOD | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at 'I.8.21 |
Income & investments |
Expenditure | Gains l(losses) |
Balance at 31.7.22 |
|||||
| EOOO | OOOO | KOOO | EOOO | EOOO | |||||
| Linrestricied funds |
|||||||||
| General funds Designated funds |
261 115 |
5,282 8 |
(5,185) (72) |
(5) | 353 51 |
||||
| Restri cled funds | |||||||||
| TUniversity- Access Agreement |
52 | 98 | (140) | 10 | |||||
| T University- Sports expansion T University- Catherine Cookson T University NUFR- Catherine Cookson |
2 5 3 |
10 | (2) (5) |
10 3 |
|||||
| T University- Nightline rent T University- Frederick Douglass Award |
2 | (7) | |||||||
| T University- Sensory packs |
1 | ||||||||
| TTouch Rugby | 2 | ||||||||
| T University- Elite Sport |
182 | 150 | (332) | ||||||
| T University- EDI Consultation T University- LGBTQ+ attainment gap T University- LGBTQ+ safe spaces T University- Micro aggression arts |
20 1 15 1 |
3 | (5) (1) (3) |
18 12 1 |
|||||
| TVolunteering- SCAN funds |
2 | (1) | 1 | ||||||
| ¹ University —Capital ¹ University —Finanoe Systems TSantander Diversity Ambassadors T Newcastle City Council |
139 13 2 |
(43) (5) (1) |
96 8 1 |
||||||
| TNEST donations TAction Foundation NEST TCoop first Responders |
5 14 1 |
(3) (14) |
|||||||
| TCoop Procrastiknitting TNewcastle City Council Community Health TSupport and Wellbeing Activity T Healthy and Happy Fund (Circus Grant) TYouth Trips T NICOT |
fund | 1 2 24 1 3 3 |
(1) (2) (24) (1) (3) |
||||||
| TNEST Afghan 21 T Newcastle NEST TNEST school 7Action Foundation NEST TGateshead NEST TEFIF2021/22 |
4 14 23 4 14 44 |
(4) (3) (21) (4) (2) (44) |
11 2 12 |
||||||
| ¹ Electric-hybrid vehicle First Responders |
5 | ||||||||
| TNEST Winter appeal 2021 'FTyne and Wear Community Foundation |
5 1 |
(5) | |||||||
| TWheelchair Basketball club T Newcastle University Welfare Fund TCoaching Training |
4 43 10 |
(4) (1) |
42 10 |
||||||
| T EDI for Clubs and Societies | 20 | 20 | |||||||
| Total Restricted Funds | 496 | 465 | (eef) | 280 | |||||
| Permanent Endowment |
9,951 | (219) | 9,732 | ||||||
| 10,823 | 5,755 | (6,157) | 10,416 | ||||||
| ¹ | Capital Grant | ||||||||
| T Other Service Income/Expenditure |
| Balance at | Income & | Expenditure | Transfers | Balance at | ||
|---|---|---|---|---|---|---|
| 3.8.20 | Investments | 1.8.21 | ||||
| EOOO | f000 | EOOD | EOOO | KOOO | ||
| Unrestricted funds |
||||||
| General funds |
287 | 3,524 | (3,450) | (100) | 261 | |
| Designated funds |
17 | (2) | 100 | 115 | ||
| Restricted funds | ||||||
| 7 University- Access Agreement T University- Sports expansion f University- Catherine Cookson T University NUFR- Catherine Cookson 7 University- Nightline rent 7 University- Best Neighbour 7 University- Post Grad Salaries |
6 12 4 |
88 | (42) (9) (4) (7) |
52 2 5 3 |
||
| TUniversity- Frederick Douglass 7University- Sensory packs TTouch Rugby |
Award | (4) | 2 1 2 |
|||
| 7 University- Elite Sport 7 University- EDI Consultation 7 University- LGBTQ+ attainment gap 7 University- LGBTQ+ safe spaces |
300 30 1 15 |
(118) (10) |
182 20 1 15 |
|||
| 7 University- Micro aggression arts TVolunteering- SCAN funds |
2 | 2 | (1) | 1 2 |
||
| ¹ University —Capital ¹ University —Finance Systems 7 Santander Divemity Ambassadors 7Newcastle City Council 7NEST donations 7 National Lottery NEST |
193 21 2 7 4 |
10 6 12 |
(53) (8) (11) (7) (5) (12) |
139 13 2 5 |
||
| +Action Foundation NEST 7Coop first Responders |
28 1 |
(14) | 14 1 |
|||
| T Coop Procrastiknitting | 1 | 1 |
| TNewcastle City Council |
TNewcastle City Council |
Community | Health | fund | 2 | 2 | |
|---|---|---|---|---|---|---|---|
| TSupport and Wellbeing | Activity | 27 | (3) | 24 | |||
| THealthy and Happy | Fund (Circus Grant) | 1 | 1 | ||||
| TYouth Trips | 3 | 3 | |||||
| TNICOT | 3 | 3 | |||||
| Total Restricted Funds | 264 | 541 | (309) | 496 | |||
| Permanent Endowment |
10,171 | (220) | 9,951 | ||||
| 10,739 | 4,065 | (3,981) | 10,823 |
| Fixed Assets/ | Net Current | Long Term | Fund | |||
|---|---|---|---|---|---|---|
| investments | Assets | Liabilities | Balances | |||
| f000 | f000 | f000 | f000 | |||
| General funds | 254 | 459 | (360) | 353 | ||
| Designated | funds | 16 | 35 | 51 | ||
| Restricted | funds | 54 | 226 | 280 | ||
| Permanent | endowment | funds | 9,732 | 9,732 | ||
| 10,055 | 720 | (360) | 10,416 |
| Fixed Assets/ | Net Current | Long Term | Fund | |||
|---|---|---|---|---|---|---|
| investments | Assets | Liabilities | Balances | |||
| f000 | f000 | 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 | 724 | (320) | 10,823 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f000 | 6000 | |||
| Net expenditure | (407) | 84 | ||
| Depreciation | 373 | 377 | ||
| (Increase)/decrease | in stocks | (28) | 18 | |
| (Increase)/decrease | in debtors | (25) | 23 | |
| (Decrease)/Increase | in creditors | (60) | 136 | |
| Unrealised (gains)/losses on |
investments | 5 | (8) | |
| Net cashflow from | operating | activities | (142) | 630 |
| NALYSI | S OF CHANGES IN NET DE |
BT | |||
|---|---|---|---|---|---|
| At 1 August | Cash flows | Non-cash | At 31July | ||
| 2021 | movements | 2022 | |||
| Cash and | cash equivalents | 1,462 | (159) | 1,303 | |
| Debt due | within one year | (80) | 40 | (40) | |
| Debt due | after more than one year | (320) | (40) | (360) | |
| Changes | in net debt | 1,062 | (159) | 903 |