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|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|
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||||||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|
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|||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|
##
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|||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|
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|||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|
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||||'/o|
|---|---|---|---|
|Furniture|and equipment||20-33'/s|
|Motor vehicles|||33N|
|Buildings|and building|improvements|2|
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|||||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|
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|||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|
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||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|
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|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|
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|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).|||
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|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|
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|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|
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|||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|
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|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|
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|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|||
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|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||||||||
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|||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|
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|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|
##
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##
##
##
##
||||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|