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|||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|
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##
|||||||||
|---|---|---|---|---|---|---|---|
|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||||||
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|||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|
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|||||||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|
##
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||||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|
##
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|||||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|
##
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|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|
##
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||||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|
##
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|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|||||