2023-07-28-accounts - Newcastle University Students' Union

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Contents				Page
Legal and administrative		information		1-2
Trustees' report				3 —18
Statement ofTrustees'	responsibilities			19
Independent auditor's	report			20-23
Consolidated statement		offinancial	activities
Consolidated balance	sheet			25
Charity balance sheet				26
Consolidated statement		ofcash flows		27
Notes to the consolidated		financial	statements	28-45

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				Unrestricted	Unrestricted	Restricted	Restricted
				General	Designated	Restricted	Permanent	Total	Total
			Note	Fund	Fund	Funds	Endowment	2023	2022
				f000	6000	f000	f000	f000	f000
Income and endowments		from:
Block Grant				2,734				2,734	2,189
Grant income									8
Trading services income			3a	3,288				3,288	2,988
Other services income			3b	99		388		493	590
Total				6,121		388		6,515	5,755
Expenditure on:
Charitable activities
Trading services expenditure				3,157	7	2		3,166	2,858
Support costs				3,046	29	468	220	3,763	3,301
Total				6,203	36	470	220	6,929	6,157
Net expenditure before				(82)	(30)	(82)	(220)	(414)	(402)
unrealised gains
Net gains/(losses)	on investments		9						(5)
Net expenditure				(75)	(30)	(82)	(220)	(407)	(407)
Transfers between	funds
Net movement in	funds			(75)	(30)	(82)	(220)	(407)	(407)
Total funds brought	foiward	at
31 July 2022				353	51	280	9,732	10,418	10,823
Total funds carried forward at
30July 2023			14	278	21	198	9,512	10,009	10,416

				Note	2023	2022
					5000	FOOO
Fixed assets
Tangible assets					9,726	10,001
Investments						54
					9,726	10,055
Current assets
Stocks —Goods held		for resale			125	131
Debtors				10	170	174
Cash at bank and	in	hand			1,723	1,306
					2,018	1,611
Current liabilities
Creditors —amounts		falling	due within one year	11	(1,465)	(890)
Net current assets					553	721
Total assets less	current		liabilities		10,279	10,776
Creditors —amounts		falling due after one year		12	(270)	(360)
Net assets					10,009	10,416
Restricted Funds
Permanent Endowment				14	9,512	9,732
Restricted Funds				14	198	280
Unrestricted Funds
General Fund				14	278	353
Designated Fund				14	21	51
Total Charity Funds					10,009	10,416

				Note	2023	2022
					6000	6000
Fixed assets
Tangible assets					9,632	9,829
Investments						54
					9,632	9,883
Current assets
Stocks - Goods held		for resale			58	66
Debtors				10	162	137
Cash at bank and	in	hand			1,599	1,222
					1,819	1,425
Current liabilities
Creditors —amounts		falling	due within one year	11	(1,286)	(763)
Net current assets					533	662
Total assets less	current		liabilities		10,165	10,545
Net assets					10,165	10,545
Restricted Funds
Permanent Endowment				14	9,512	9,732
Restricted Funds				14	198	280
Unrestricted Funds
General Fund					434	482
Designated Fund				14	21	51
Total Charity Funds					10,165	10,545

		Notes	2023	2022
			OOOO	6000
Cash flows from operating activities:
Net cash provided by operating activities		18	461	(142)
Cash flows from investing activities:
Purchase ofproperty, plant, and equipment		8	(105)	(14)
Proceeds from sales of investments		9	61
Net cash used in investing activities			(44)	(14)
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		417	(156)
Cash and cash equivalents at the beginning	ofthe year		1,306	1,462
Total cash and cash equivalents at the end	ofthe year	19	1,723	1,306

			'/o
Furniture	and equipment		20-33N
Motor vehicles			33"/3
Buildings	and building	improvements	2

2	BLOCK GRANT RECEIVABLE	BLOCK GRANT RECEIVABLE	BLOCK GRANT RECEIVABLE
					2023	2022
					K000	KOOO
	Block grant from Newcastle		University		2,734	2,169
3a	TRADING SERVICES INCOME
				Unrestricted	2023	2022
				K000	K000	KOOO
	Bars			476	476	540
	Shops			2,229	2,229	1,958
	Events			281	281	269
	Marketing			119	119	86
	Other trading	activities		183	183	135
				3,288	3,288	2,988

		Unrestricted	Designated	Restricted	2023
		K000	KOOO	K000	6000
AC —Activities				20	53
AU - Sport				10	10
ME - Media		9			g
SP —Sport		7			7
VO - Volunteering		6		154	160
YV - Your Voice		14		204	218
Other Income		15			21
Bank interest		15			15
				388	493
ER SERVICES INCOME PRIOR YEAR
		Unrestricted	Designated	Restricted	2022
		8000	f000	K000	6000
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

	Direct	Indirect	Total
	Costs	Costs	2023
	6000	EOOO	KOOO
Bars	166	302	468
Shops	1,699	416	2,115
Events	192	87	279
Marketing		80	80
Other Trading Activities	17	103	120
Depreciation		95	95
Loan interest		9	9
	2,074	1,092	3,166
RADING SERVICES EXPENDITURE PRIOR YEAR
	Direct	Indirect	Total
	Costs	Costs	2022
	EOOO	FOOO	6000
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

SUPPORT COSTS CU	RRENT YEAR
	Admin	Rep	Partici-	Advocacy	Comm-	Grants	Total
	8	&	pation	&	unica-
	Building	Democracy		Welfare	tions
							2023
	KOOO	KOOO	f000	f000	f000	f000	KOOO
Staff costs	687	283	588	187	201		1,946
Depreciation	260	5			21		286
Energy costs	169						169
Other costs	242	89	407		97		844
Societies	2	201	299		16		518
	1,360	578	1,294	196	335		3,763
UPPORT COSTS PRIOR YEAR
	Admin	Rep	Partici-	Advocacy	Comm-	Grants	Total
	8	&	pation-	&	unica-
	Building	Democracy		Welfare	tions
							2022
	f000	f000	f000	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		65	-	512
Societies	16	124	478		19	-	637
	1,186	431	1,201	182	293	8	3,301

pension	contributions)		Restated
		2023	2022
		No.	No.
		2
		1

Average no. ofemployees	Average no. ofemployees	Average no. ofemployees	Average no. ofemployees	(Full Time Equivalent)	by function	2023	2022
						No.	No.
Administration	&	Building	Services			13	14
Representation	&Democracy					11	11
Participation &	Personal		Development			21	21
Advice &Welfare						4	4
Communications						7	7
Trading						25	28
						81	85
Average number		ofemployees		over the year was 173(2022:	153).

oup
	Land &	Furniture &	Motor
	Buildings	Equipment	Vehicles	Total
	FOOO	f000	6000	K000
Cost
At 31 July 2022	20,411	1,351	48	21,810
Additions		105		105
Disposals
At 30July 2023	20,411	1,456	48	21,915
Depreciation
At 31 July 2022	10,665	1,096		11,809
Dieposals
Charge for the year	220	160		380
At 30July 2023	10,885	1,256	48	12,189
Net book value
At 30July 2023	9,526	200		9,726
Net book value
At 31 July 2022	9,746	255		10,001

Charity
	Land &	Furniture	&	Motor
	Buildings	Equipment		Vehicles	Total
	E000	K000		K000	8000
Cost
At 31 July 2022	20,411	954		48	21,413
Additions			104		104
Disposals
At 30July 2023	20,411	1,058		48	21,517
Depreciation
At 31 July 2022	10,665	871		48	11,584
Disposals
Charge for the year	220		80		300
At 30July 2023	10,885	951		48	11,884
Net book value
At 30July 2023	9,526		107		9,633
Net book value
At 31 July 2022	9,746		83		9,829

INVESTMENTS
	GROUP 8	CHARITY
	2023	2022
	f000	f000
Market value at 31 July 2022	54	59
Net investment losses		(5)
Sale of investments	(54)
Market value at 30July 2023

DEBTORS
			GROUP		CHARITY
			2023	2022	2023	2022
			6000	f000	f000	f000
Trade debtors			24	34	24	34
Other debtors			12	31	6	7
Prepayments	and accrued income		134	109	105	80
Amounts owed by subsidiary		undertaking			27	16
			170	174	162	137

CREDIT	ORS ANIOUNTS	FALLING	DUE WITHIN ONE YEA	R
				GROUP			CHARITY
				2023	2022	2023	2022
				f000	EOOO	6000	EOOO
Trade creditors				121	112	63	49
Amount	owed to University	of Newcastle		21	27	21	27
Deferred	income (invoiced	in advance)		421	31	421	31
Funds held as custodian —Students'			clubs and societies	430	483	430	483
Other creditors				93	18	93	18
Taxation	and Social Security			51	63	45	57
Accru ala				238	116	213	98
Amount	owed to University	ofNewcastle		90	40
				1,465	890	1,286	763

				EOOO
Balance	at 31 July 2022			31
Amount	released	to charitable	services income	(31)
Amount	deferred	in year		421
Balance	as at 30	July 2023
				421

						GROUP		CHARITY
						2023	2022	2023	2022
						EOOO	EOOO	EOOD	EOOO
Amount	owed	to	University	of	Newcastle	270	360

STATEMENT OF FUNDS PRI	OR	YE	AR
				Balance at		Income &	Expenditure	Gains	Balance at
				1.8.21		investments		l(losses)	31.7.22
					EOOD	f000	EOOO	EOOO	EOOO
I/nrestricted funds
General funds					261	5,282	(5,185)	(5)	353
Designated funds					115	8	(72)		51
Restricted funds
T University- Access Agreement					52	98	(140)		10
T University- Sports expansion					2		(2)
T University- Catherine Cookson					5	10	(5)		10
T University NUFR- Cathenne	Cookson				3				3
TUniversity- Nightkne rent							(7)
TUniversity- Frederick Douglass SUniversity- Sensory packs		Award			2 1
TTouch Rugby					2
TUniversity- Elite Sport					182	150	(332)
TUniversity- EDI Consultation					20	3	(5)		18
TUniversity- LGBTQ+ attainment		gap			1		(1)
TUniversity- LGBTQ+ safe spaces					15		(3)		12
TUniversity- Micro aggression	arts				1				1
TVolunteering- SCAN funds ¹University —Capital ¹University —Finance Systems					2 139 13		(1) (43) (5)		1 96 8
TSantander Diversity Ambassadors					2		(1)		1
T Newcastle City Counol
T NEST donations					5		(3)
TAction Foundation NEST					14		(14)
TCoop first Responders					1
TCoop Procrastiknitting					1		(1)
T Newcastle City Council Community			Hea	Ith fund	2		(2)
T Support and Wellbeing Activity					24		(24)
T Healthy and Happy Fund (Circus Grant)					1		(1)
TYouth Trips					3		(3)
T NICOT					3
T NEST Afghan 21						4	(4)
T Newcastle NEST						14	(3)		11
TNEST school						23	(21)		2
TAction Foundation NEST						4	(4)
TGateshead NEST						14	(2)		12
TEFIF2021/22 ¹Electric-hybrid vehicle First	Responders					44 5	(44)
TNEST Winter appeal 2021						5	(5)
TTyne and Wear Community	Foundation					1

TWheelchair Basketball	club		4	(4)
T Newcastle University 7Coaching Training	Welfare Fund		43 10	(1)	42 10
TEDI for Clubs and Societies			20		20
Tote!Restricted Funds			465	(681)	280
Permanent Endowment		9,951		(219)	9,732
		10,823	5,755	(6,157)	10,416

			Fixed Assetsi	Net Current	Long Term	Fund
			Investments	Assets	Liabilities	Balances
			EOOO	EOOO	EOOO	EOOO
General funds			131	417	(270)	278
Designated	funds		16	5		21
Restricted	funds		67	131		198
Permanent	endowment	funds	9,512			9,512
			9,726	553	(270)	10,009

			Fixed Assetsi	Net Current	Long Term	Fund
			Investments	Assets	Liabilities	Balances
			EOOO	EOOO	EOOO	EOOO
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

							2023	2022
							8000	K000
Net expenditure							(407)	(407)
Depreciation							380	373
Decrease/(increase)		in stocks					6	(28)
Decrease/(increase)		in debtors					4	(25)
Increase/(decrease)		in creditors					485	(60)
Net(gains)/losses	on	investments					(7)	5
Net cashflow from	operating			activities			461	(142)
ANALYSIS OF CHANGES			IN	NET DEBT
				At	31July	Cash flows	Transfers	At 30July
					2022			2023
					1,306	417		1,723
					(40)	40	(90)	(90)
					(360)		90	(270)
Changes in net debt					906	457		1,363