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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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|Website Advice Page views|Views|
|---|---|
|Total SAC page views|26,834|
|Website Landing Pages:||
|Student Advice Centre|10,243|
|Housing|6,300|
|Finance|3,453|
|Academic|647|
|Employability|280|
|Consumer|135|
|Frequently
Asked Questions|2,706|
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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|
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|||||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|
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|||||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|
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|||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|
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||||'/o|
|---|---|---|---|
|Furniture|and equipment||20-33N|
|Motor vehicles|||33"/3|
|Buildings|and building|improvements|2|
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|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|
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|||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|
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||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|
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|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|
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|pension|contributions)||Restated|
|---|---|---|---|
|||2023|2022|
|||No.|No.|
|||2||
|||1||
|Average no. ofemployees|Average no. ofemployees|Average no. ofemployees|Average no. ofemployees|(Full Time Equivalent)|(Full Time Equivalent)|analysed|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).|||
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|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|
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|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|
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|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|||
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|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|
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|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|
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|||||||GROUP||CHARITY||
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2022|2023|2022|
|||||||EOOO|EOOO|EOOD|EOOO|
|Amount|owed|to|University|of|Newcastle|270|360|||
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|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||||
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|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|
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||||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|
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||||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|
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||||||||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|