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2022-06-30-accounts

Page:
Report ofthe Trustees and Strategic Report
Chair's Statement
Chief Executive's
Review
Structure,
Governance		 and Management 2-9
Financial
Review		 9-10
Statement of Responsibilities
Auditor's
Report		 13-16
Financial Statements
Statement of Financial Activities 17
Balance Sheet
Statement ofCash Flows 19
Notes to the Financial Statements 20-30

Trustees Professor Susan Rigby (Chair)
Mr Andrew
Nelson (Treasurer)
Ms Jacqueline
Booth
Dr Nicola Byrom
Mrs Natasha
Devon (resigned		 27 July 2022)
Mrs Victoria Goddard
Ms Amelia
Ireland
Mr Brian Rock
Ms Aneeska Sohal
Ms Lauren Young
Management team Ms Rosie Tressler - Chief Executive
Ms Elel i Dare-Edwards - Head ofOperations (job share)
Ms Andrea Smart —Head ofOperations
(job		 share)
Mr Dominic Smithies - Student Voice R. Equalities Lead (from 16Sep 2021)
Ms Francesca Coleman - Head ofProgrammes (from 13June 2022)
Mr Oliver Kasper-Hope - Head of Engagement (resigned 3Sep 2021)
Ms Leigh Spanner - Acting Head of Engagement (from 3Sep 21to 1June 2022)
Company secretary Ms Fay Dixon (resigned 26October 2021)
Ms Andrea Smart (appointed 26October 2021)
Registered office 17Springfield
Mount
Leeds
West Yorkshire
LS2 9NG
Auditors Saffery Champness
LLP
Mitre House, North
Park Road
Harrogate,
HG15RX
Main bankers Natwest
Bank,
43 Cornmarket
St
Oxford
OX13HA

Notes Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
f f
--Income'.
Donations
and grants
received		 242,738 1,263,466 1,506,204 2,739,344
Income from charitable
activities 346,305 346,305 248,926
Investment
income		 176 176 48
Total income 589,219 1,263,466 1,852,685 2,988,318
Expenditure
on:
Costs of raising funds 69,093 69,093 17,765
Expenditure
on charitable
activities		 304,756 1,620,696 1,925,452 2,305,143
Toiai expenditure 373I849 1,620,696 1,994,545 2,322,908
Net income 215,370 (357,230) (141,860) 665,410
Transfers between funds 15,158 (15,158)
III l
a .'L.
III~l I IIIJVNIIIel It& III IVIIV5		 280,528 (372,388) (141,860)
Reconcil!at!on offunds".
Total funds brought forward 500,337 477,871 978,208 312,798
Total funds carried forward 730,865 105,483 836,348 978,208

2022 2021
Notes f
-Current-assets
Debtors 10 136,990 61,994
Cash at bank and in hand 1,080,727 1,409,918
1,217,717 1,471,912
Current liabilities: amounts
within one year		 falling due 11 (381,369) (492,912)
Net current assets 836,348 979,000
Total assets less current liabilities 836,348 979,000
Non-current
liabilities: amounts
falling due after more than one year (792)
Net assets 836,348 978,208
Funds
Unrestricted
funds —General		 566,865 345,337
Unrestricted
funds —Designated
ReStrirterl
fiinrlS		 164,000
1nc n8o
J.VVI VOJ		 155,000
nba owe
+I IJOIj
Total funds 836348 978,208

2022 2021
f f
Cash flows from operating
activities:
-Net-incomeAor
the.financial year		 (141,860) "' -665,410
Adjustments
for:
Interest and rents from investments (176) (48)
(Increase)
in debtors		 (74,996) (21,563)
(Decrease)/Increase
in creditors		 (112,335) 309,664
Net cash used in operating activities (329,367) 953,463
Cash flows from investing activities:
Interest income 176
Net cash provided
by investing
activities		 176
Cash flows from financing activities:
Change
in cash and cash equivalents		 in the year (329,191) 953,511
Cash and cash equivalents at the beginning ofthe year 1,409,918 456,407
Cash and cash equivalents at the end ofthe year 1,080,727 1,409,918

Unrestricted Restricted 2022
Fund Fund Total
f f
Donations 75,998 10,180 86,178
Other fundraising
income		 112,526 112,526
Grants 54,214 79,377 133,591
Amounts received under the
Coronavirus Job Retention Scheme
Student Space grant income 1,.173,909 1,173,909
1,263,466 1,506,204
Donations and legacies —prior period
Unrestricted Restricted 2021
Fund Fund Total
f. f
Donations 57,748 5,350 63,098
Other fundraising
income		 93,087 93,087
Grants 15,000 301,883 316,883
Amounts received under the
Coronavirus Job Retention Scheme 3,352 3,352
Student Space grant income 2,262,924 2,262,924
169,187 2,570,157 2,739,344
3 Income from charitable activities
Unrestricted Restricted 2022 8021
Fund Fund Total Tota I
f f
Activities to support students
young people		 and 346,305 346,305 248,926
346,305 346,305 248,926

2022f 2021
Income from other investments 176
176
5 Cost of raising donations and legacies
Unrestricted Unrestricted 2021
Fund Fund
f f f
Cost ofraising funds 69,093 69,093 17,765 17,765
69,093 69,093 17,765 17,765
6 Expenditure on charitable activities
Unrestricted Restricted 2022
Fund Fund Total
f
Direct Costs 251,757 1,575,760 1,827,517
Support Costs 52,999 44,936 97,935
304,756 1,620,696 1,925,452
Expenditure on charitable activities —prior period
Unrestricted Restricted 2021
Fund Fund Totai
f f
Direct Costs 117,799 2,120,846 2,238,645
Support Costs 15,336 51,162 66,498
133,135 2,172,008 2,305,143

2022
f
StaffCosts 15,007 2,553
Premises 13,948 13,260
Human
Resources		 12,545 8,342
Finance Costs 609 187
Governance Costs 12,770 20,153
Other office support costs 10,565 12,206
Other staff costs 24,868 3,500
Marketing support costs 2,597 1,287
Other accountancy costs 5,026 5,010
97,935 66,498

2022 2021
Wages and Salaries 592,101 536,316
Social security costs 47,309 45,346
Pension 13,261 31,483
652,671 613,145

2022 2021
Trade debtors 116,913 46,074
Prepaymenis 1,118 9,670
Other debtors 18,959 6,250
136,990 61,994
11
Creditors: amounts		 falling due within one year
2022 2021
f f
Creditors 49,274 82,851
Accruals and deferred income 295,910 375,481
Taxation and social security 36,185 34,580
381,369 492,912
12 Creditors: amounts falling due after one year
2022 2021
Accruals and deferred income 792
13 Deferred Income
2022 2021
f
At 1July 2021 159,337 166,645
Amounts released in year (158,545) {128,310)
Amounts deferred in year 174,167 121,002
At 30June 2022 174,959 159,337

The amounts
recognised		 in the financial statements in the financial statements for government
grants		 for government
grants		 are as follows: are as follows: are as follows:
2022 2021
Recognised
in income		 from donations
and		 legacies:
Government
grants income		 1,173,909 2,266,276
15
Funds
Balance as at Incoming Outgoing Transfers in Balance asat
1July 2021
f		 resources
f		 resources
f		 /(out)
f		 30June 2022
Unrestricted
funds
General funds 345,337 589,219 (373,849) 6,158 566,865
Designated
Research 5.
Development
fund		 30,000 9,000 39,000
Designated
Strategic
Development
fund		 125,000 125,000
Total Unrestricted 500,337 589,219 (373,849) 15,158 730,865
Restricted funds
Charter 7,326 10,625 (17,951)
Cun Iculutn
ptojeci		 141 5,974 (6,115)
Disabled Students 49,432 49,432
Groups 1,676 (676) 1,000
International
Students		 6,024 (6,024)
NHS project 2,705 4,549 (7,254)
OfS Inequalities 22,630 (13,391) 9,239
SMSU 15,158 (15,158)
Student Voice projects 163 2,904 {3,067)
Student Space 388,339 1,184,089 (1,526,616) 45,812
SU Support Programme 22,633 {22,633)
Peer Support 123 (123)
Well Lads 6,784 10,062 (16,846)
Total Restricted 477,871 1,263,466 (1,620,696) (15,158) 105,483
Total funds 978,208 1,852,685 (1,994,545) 836,348

unds —prior period
Balance asat
"1July 2020
f		 Incoming
resources
f		 Outgoing
resources
f		 Transfers
in
/(out)
f		 Balance as at
30June 2021
f
Unrestricted
funds
General funds 254,327 396,910 (150,900) (155,000) 345,337
Designated
Research &
Development
fund		 30,000 30,000
Designated
Strategic
Development
fund		 125,000 125,000
Total Unrestricted 254,327 396,910 (150,900) 500,337
Restricted funds
Blog 5 (5)
Charter 759 99,775 (93,208) 7,326
Curriculum
project		 205 11,950 (12,014) 141
Disabled Students 49,432 49,432
Eating Disorder Audit 233 9,992 (10,225)
Groups 1676 1,676
International
Students		 260 22,350 (16,586) 6,024
National
Lottery		 43,300 (43,300)
NHS Project 6,500 (3,942) 2,705
Recovery 40,000 (40,000)
SMSU 21,251 (6,093) 15,158
Student Voice projects 77 3,168 (3,082) 163
Student Space 2,262,924 (1,874,585) 388,339
SU Support Programme 379 29,950 (30,329)
Peer Support 123 123
Well Lads 5,175 40,248 (38,639) 6,784
Total Restricted 58,471 2,591,408 (2,172,008) 477,871
Total funds 312,798 2,988,318 (2,322,908) 978,208

Unrestricted Restricted Total Funds
Funds Funds 2022
f f f
Current assets 952,262 265,455 1~217~717
Creditors less than 1year (221,397) (159,972) (381,369)
Creditors greater than 1year
Net assets 730,865 105,483 836,348
Unrestricted Restricted Total Funds
Funds Funds 2021
f f
Current assets 771,593 700,319 1,471,912
Creditors less than 1year (317,821) (175,091) (492p912)
Creditors greater than 1year (1924 17n2a
Net assets 452,980 525,228
17
Analysis ofchanges		 in net debt
At 1July
2021		 Cashflows At 30June
2022
f f
Cash at bank and in hand 1,409,918 (329,191) 1,080,727

At the year ended 30June 2022, 6138(2021-fnil) was owed to Trustee At the year ended 30June 2022, 6138(2021-fnil) was owed to Trustee At the year ended 30June 2022, 6138(2021-fnil) was owed to Trustee At the year ended 30June 2022, 6138(2021-fnil) was owed to Trustee s
in respect		 ofTrustee expenses. ofTrustee expenses.
19
Comparative
Statement of Financial Activities (incorporating		 statutory income I,expenditure
account) for the period ending 30June 2021
Notes Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
f f f f
Income:
Donations
and grants
received		 169,187 2,570,157 2,739,344 529,819
Income from charitable
activities		 227,675 21,251 248,926 62,449
Investment
income		 48 48 113
Tota I income 396,910 2,591,408 2,988,318 592,381
Expenditure
on:
Costs ofraising funds 17,765 17,765 26,524
Expenditure
on charitable
activities		 133,135 2,172,008 2,305,143 506,522
Total expenditure 150,900 2,172,008 2,322,908 533,046
Net Income 15 246,010 419,400 665,410
Transfers between funds
Net movements
in		 funds 246,010 419,400 665,410 59,335
Reconciliation offunds:
Total funds brought forward 254,327 58,471 312,798 253,463
Total funds carried forward 500,337