OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-07-31-accounts

REGISTERED CHARITY NUMBER: 1143073

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2023

for

Newman Students' Union

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

Newman Students' Union

Contents of the Financial Statements for the Year Ended 31 July 2023

Page
Chair's Report 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 to 19

Newman Students' Union

Chair's Report for the Year Ended 31 July 2023

As we start to learn how to operate after the COVID-19 pandemic and how that has not only affected our sector but our student body, this year was another year to adapt our services to best fit the needs of our students. Our priority last year and will continue to be providing the best student experience for our students whilst they are here at Birmingham Newman University.

We are pleased to say that despite a turbulent year for our student body, our sector but also our Students' Union, we still made sure that our services were the best they could be and that our engagement didn't fall. At the start of the academic year we were made aware that the University were providing us with a brand new office space. This space was at the heart of campus, right by the reception and the main entrance. Our new space has no doors so it is an open space for students to use as and when they want, we have desks two thirds of the way in the office for the staff to work on and a closed office space at the back for meetings and confidential matters. We spent a lot of time at the front of the office on our laptops on the sofa's so that we are more approachable and students felt more comfortable coming up to us.

Whilst doing this, we also have had a year of staff turnover as we recruited a new Student Communities Coordinator, and Union Director. Despite of these challenges we were able to;

This year we saw a massive rise in our engagement and we think a lot of this is down to our new and open space in a more prominent location on campus. Not only is this good for us and our students, it shows how our positive relationship with our University Leadership team continues to grow.

Zoe Harrison

President and Chair of the board (2022/2023)

Page 1

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2023

The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The Union's objects are the advancement of the education of students at Newman University for the public benefit by: - Promoting the interests and welfare of Students at Newman University, their course of study and representing, supporting and advising Students; - Being the recognised representative channel between students and Newman University and any other external bodies; and - Providing social, cultural, sporting and recreational activities and forums for discussions and debate for the personal development of its students.

Public benefit

The Trustees of Newman Students' Union have had regard to the public benefit guidance, including that on public benefit and the advancement of education, issued by the Charity Commission. The section of this report entitled 'Achievement and Performance' reports on Newman Students' Union's main activities and successes. Newman Students' Union's work benefits the following public groups: -

Page 2

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Newman Students' Union has a Strategic Plan (2018-2023) setting out key objectives and progression aims over a range of 'themes' devised to meet its charitable objects. These are set out as four promises that we make to students, which provide an overarching title to group our KPI's set within the strategy:

We promise to prepare you for life after Newman

Advisors

In the academic year 2022/23, the student advice service has handled 99 cases with 36 cases involved students from the Faculty of Education, 54 cases involved the Faculty of Arts, Society and Professional Studies and 9 cases where the students' field of study remains unknown. Of the 39 cases, 39% came to us with specifically course-related complaints. Over the course of the three terms, we carefully identified recurring themes and trends that significantly affected students. Last year, no complaints went beyond the informal stage of a complaint and this year we have continued to encourage an open line of dialogue and communication between us, staff and students.

Awards

At the end of each academic year, Newman Students' Union traditionally hosts an Awards Celebration. The Newman Students' Union Awards took place in the University Chapel on Thursday 27th of April 2023. We had an estimate of over 100 people in attendance with 34 awards given out in total to staff and students.

Training and Development

Every year, Newman Students' Union runs training for our trustees. This year we facilitated this training on site with the majority of trustees in attendance. Alongside this, NSU provides its Executive Committee with training to ensure that they are supported to fulfil their roles. This year, this included a week of training delivered by a range of Union staff, University staff and external partners, including key staff members from the University. Our full time Officer also received 360-degree appraisals from external partner Coole Insights to support them with their growth whilst they are here at Newman.

We promise to put you at the heart of an exciting Newman Community.

Events

NSU planned over 20 events from September 2022 - May 2023, engaging a large amount and a wide range of our student population across the range of events. These included (but are not limited to):

Page 3

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2023

Societies

Societies are student-led groups, who come together based on shared interests. This year we have had 11 active societies with 126 unique society members. Our current Societies include:

We promise to help you be as happy and healthy as possible.

Campaigns

Under NSU's strategic objective to "Develop a calendar of support campaigns in partnership with external organisations", the Executive Committee held a variety of awareness campaigns for students to engage with including:

  1. Black History Month (Rep Your Flag Night, Black Owned Business Fayre, Showcase)

  2. Disability Awareness Month (DEAF Society Presentation)

  3. LGBTQ+ History Month (Pronoun badges, History Walk Through and Drag Act 4. Green Week

  4. International Women's Day (Interactive Board, Music, and Social Media Posts)

  5. Ramadan Care Packages (in partnership with University Library)

  6. Della's Law (External speaker event and 'Trapped' in the University library)

  7. Free Sanitary Products for Period Poverty (Provided free sanitary products all year round)

  8. Wellbeing Day (Free Drinks Vouchers and positive affirmations)

  9. Cost of Living Week (Cost of living stall in partnership with the University (spread across the week, donations of £170 were received. This money went into the community pantry and back into the stall)

Course Reps

This year we recruited 218 Course Representatives, over double the number we had last academic year (106) and is the highest amount we have had in the past five years. This surge in recruitment is a testament to the hard-work of our President and Academic Representation Officer who worked tirelessly in September attending lectures to enthusiastically recruit.

Course Representatives attend 2 Student-staff consultative committee (SSCC) meetings a year; one per semester. As always, it is clear from the SSCC meetings that there are running themes across the entire university that are impacting students some of which are Faculty specific and some of which are Universitywide.

Page 4

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2023

One trend within the Faculty of Education SSCCs seemed to be the distance that students are expected to travel to their placement schools. Whilst students understood that there is an hour and a half distance policy, they voiced that when traffic and waiting for public transport is taken into account, it can easily become a two hour trip - resulting in some students spending four hours of their day commuting to and from placement.

Within the Faculty of Arts, Society and Professional Studies, many Course Reps have requested for more trips to be embedded within the Course. In many cases, this has been requested because students would like to see in action how the content in which they are learning is translated into the day-to-day life of staff within their desired career sector.

Another trend seemed to be for more staff to be employed on specific courses. Many Course Reps have discussed how they have seen a depletion in staff teaching on their course, with staff members moving onto other institutions but not being replaced. Some Course Reps have reflected that this has

had an impact on the general atmosphere of their course with them observing the impact that taking on the additional work-load is having on the remaining staff.

National Student Survey (NSS)

Students' Unions are rated on Question 25 in the NSS which asks finalist students: " How well does the students' union (association or guild) represent students' academic interests? "

This year we received the NSS results and Newman Students' Union ranked 1st in Birmingham for the fifth year in a row, with an 84.5% positivity measure which is 12.62% above the benchmark.

Along with this, we also ranked:

1[st] in the Midlands

4[th] in the UK

As a Students' Union, we know that this is just one measure of our success but we would like to thank last year's officer and staff team for all their hard work that contributed to this outcome. It is a testament to the hard work that Newman Students' Union does to make sure that we are working in the best interest of and supporting our students here at Newman. We aim to provide the best student experience for all Newman students and are proud to be a part of such an amazing community with students at the heart of it.

Organisational Developments

In the final months of this reporting year, we began an investment programme aimed at improving the organisational effectiveness of Newman Students' Union, with the intention of professionalising our operations and modernising our communications.

The Trustee Board approved the implementation of a new Membership System, Website and Case Management system. This system will streamline and improve how we interact with our members of societies, committees and better record, monitor and analysis data on our impact. These systems will be in place for the next Academic Year and intake of members.

In addition, to further emphasise our commitment to supporting the student voice at Birmingham Newman University, we have undergone a staffing re-structure to see two new positions being created to offer professional support to our governance structures, improve our academic representative system along with providing expert academic advice. These positions will be occupied early in the next reporting year.

Both of these developments, along with a refining of our policies and procedures, will bring us in-line with the rest of the Students' Union sector and assist us in delivering the best possible service to our members.

We look forward to the year ahead and to continue striving to be the best Students' Union for our students.

Page 5

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2023

FINANCIAL REVIEW

Overview

Total Gross income for 2022/23 (year ended 31 July 2022) was £173,565 of which £162,725 (21/22 £162,834) was block grant from the institution, £9,167 (20/21 £10,641) from trading and commercial activity with the remainder raised from student activity and events and other sundry income.

In the period Newman Students' Union spent £169,527 (21/22 £160,898) giving a Net movement of funds of £4,038 (21/22 £13,086).

Custodian activities

Newman Students' Union is custodian of funds raised under Newman Students' Union auspices by students through Raise and Give, various Societies and Officers, for distribution to designated charities.

Reserves policy

The Board of Trustees approved Newman Students' Union's Reserves Policy in September 2018 which determines the level of reserves required to enable NSU to:

The minimum reserves required are calculated as 3 Months operating costs (as defined by the annual budgeted organisational expenditure), known as the 'operating reserve'. Reserves in excess of the required reserves are held as 'free reserves' or 'designated reserves', in accordance with the Trustee Board. If reserves fall below 3 months' operating costs for more than 6 months, the Trustees should ask the management to formulate a recovery plan to be submitted to Trustee Board for approval. If there are surplus funds available above the minimum level, the Committee should plan to utilise these within three years.

Total reserves as at 31 July 2023 were £58,938 (21/22 £54,900), of which £52,118 (21/22 £52,810) were free reserves. Free reserves are reserves which do not include designated funds or funds tied up in the fixed assets.

Newman Students' Union has no funds materially in deficit.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Type of governing document

Newman Students' Union is governed by its Constitution dated 8 April 2011 as amended 02 May 2019 and its supporting Bye Laws.

How the charity is constituted

The charity is an unincorporated association, constituted under the Education Act and the Regulations of Newman University.

Trustee selection methods

Newman Students' Union has provision for up to ten Trustees. These Trustees have a varied background, including students (members) as well as externally sourced 'professionals'. The post holders have a varied term of office to suit the nature of the position. These are:

Page 6

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustee election process

both a shortlisting and election process for its trustees. Trustee positions are advertised in an appropriate manner. Applications are reviewed by the Newman Students' Union Trustee Board and Union Director to assess suitability of candidates. The committee then recommend suitable candidates to an Annual / Union General Meeting and, where appropriate, supply the meeting with a 'candidate summary' for each candidate to highlight relevant skills, background and experience. This is to encourage students to select trustees democratically whilst basing their decision on information appropriate to the positions.

Trustee induction process

The Union Director organises annual Trustee Training, including training specific to the role at Newman Students' Union along with training provided by the NCVO (National Council for Voluntary Organisations.

Structure governance and management

Newman Students' Union is a charity with the ultimate decision making power being vested with the Board of Trustees . The Board of Trustees meet regularly and receive reports from the President, Vice-President and Union Director within their respective fields, as well as receiving minutes and updates as appropriate from Union Committees.

Newman Students' Union is a democratic organisation and the Board of Trustees delegate their authority to the membership through the Annual General Meeting (AGM) , Union General Meetings (UGMs) and Student Forum , subject to safeguards ensuring legality of decisions. These bodies have powers to direct the Executive and the organisation within its charitable objects. AGM, followed by UGM, then Student Forum are the principal policy making forums of Newman Students' Union and all members are invited to attend with full voting and speaking rights.

The Executive Committee oversee the day to day running of Newman Students' Union and are accountable to the membership through the above meetings. They are responsible for ensuring union activities follow the correct process, comply with Newman Students' Union policy and work towards the aims and objects of the organisation, as set out in its constitution and strategic plan. The Committee members are elected annually through a cross-campus ballot. All Committee members receive training and support to enable them to fulfil their duties.

Day to day management of the organisation is delegated to the Union Director. Newman Students' Union also employs other non-student staff to ensure effective management of the organisations' activities who have delegated authority within their job roles through the Union Director.

Relationships with other organisations

Relationship with Newman University Newman Students' Union receives an annual block grant from the University through the University's Director of Finance, and occupies an office space owned by the University. The University also supplies, free of charge, utilities, facilities, such as computer and telecommunication equipment, cleaning and caretaking services. In addition the University provides spaces for key student group activities including meeting rooms, performance spaces and sports facilities, with no charge levied. This support is intrinsic to the relationship between Newman Students' Union and the University. Although Newman Students' Union runs some commercial activities, it is heavily dependent on the support of the University. There is no reason to believe that this support will not continue for the foreseeable future as the Education Act 1994 places a duty on the Institution to take such steps as are reasonably practical to ensure that the Union operates in a fair and democratic manner, for the benefit of the membership. Newman Students' Union works with the University to provide the best educational experience possible for its members, ensuring its affairs are properly conducted and that the educational and welfare needs of its members are met.

Other relationships Newman Students' Union is a member of the National Union of Students to which it pays an annual affiliation fee. In return it receives support and training in a variety of areas, notably with regard to holding Elections, Executive training, governance support and Trustee induction.

Page 7

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

In May 2023, Newman Students' Union reported a 'Serious Incident' to the Charity Commission, relating to financial misappropriation by a former employee. Following this incident, the Students' Union has embedded a financial services partnership with Durham Students' Union and has developed its financial processes and procedures to prevent future risk relating to use of the organisations resources. In addition, Newman Students' Union has enlisted the services of Counterculture LLP to recover monies lost during this incident. A repayment plan has been arranged with the ex-employee over a four year period ending in September 2027.

Newman Students' Union has taken this period as an opportunity to review and strengthen it's approach to financial management and stewardship of its charitable resources.

The Trustees have considered major risks and have put in place appropriate procedures to manage these, including regular reporting systems to ensure that necessary steps can be taken to lessen these risks.

The Trustees delegate responsibility to the Union Director, supported by a partnership with Durham Students' Union, providing financial services for monthly finance management.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1143073

Principal address Newman University Genners Lane Bartley Green Birmingham B32 3NT

Trustees Office (if any) Dates of changes if not Name of person (or
for whole year body) entitled to
appoint (if any)
Zoe Harrison Chair Ex-Officio
Tim Hewes-Belton Deputy Chair UGM
Chantel Melia Resigned 30/06/2023 Ex-Officio
Amanda Owen Meehan UGM
Lewis Palin UGM
Kira Cox UGM
Gemma Prange Resigned 30/06/2023
Adele Boterrill UGM
Adrian Spence Appointed 01/07/2022 UGM
Megan Thomas Appointed 01/07/2022 UGM
Resigned 30/06/2023
Ellie Brace Appointed 01/07/2023 UGM
Courtney Baker Appointed 01/07/2023 UGM
Hannah Barber Appointed 01/07/2023 UGM
Megan Burton Appointed 01/07/2023 UGM

Page 8

Newman Students' Union

Report of the Trustees

for the Year Ended 31 July 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

Senior staff member

Dominic Anderson - Newman Students' Union, General Manager (Resigned January 2023) Robin Pitt - Newman Students' Union, Union Director (Appointed March 2023)

Approved by order of the board of trustees on 21 November 2023 and signed on its behalf by:

Zoe Harrison - Trustee

Page 9

Independent Examiner's Report to the Trustees of Newman Students' Union

Independent examiner's report to the trustees of Newman Students' Union

I report to the charity trustees on my examination of the accounts of Newman Students' Union (the Trust) for the year ended 31 July 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Williams FCA FCCA

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

27 November 2023 Date: .............................................

Page 10

Newman Students' Union

Statement of Financial Activities for the Year Ended 31 July 2023

31.7.23
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Trading for charitable objectives
9,167
Societies & sports clubs
23
University grants
162,725
Other trading activities
2
1,530
Investment income
3
120
Total
173,565
EXPENDITURE ON
Raising funds
20,949
Charitable activities
4
Trading for charitable objectives
161
Advice & representation
22,806
Opportunities
51,256
Democracy
52,786
Costs to be apportioned
-
Training and development
20,985
Societies & sports clubs
584
Other resources expended
-
Total
169,527
NET INCOME
4,038
RECONCILIATION OF FUNDS
Total funds brought forward
54,900
TOTAL FUNDS CARRIED FORWARD
58,938		 31.7.22
Total
funds
£
10,641
504
162,834
-
5
173,984
-
8,862
50,995
50,743
36,181
-
13,479
638
-
160,898
13,086
41,814
54,900

The notes form part of these financial statements

Page 11

Newman Students' Union

Balance Sheet 31 July 2023

31.7.23
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
8
5,400
CURRENT ASSETS
Stocks
9
303
Debtors
10
19,021
Cash at bank and in hand
60,111
79,435
CREDITORS
Amounts falling due within one year
11
(25,897)
NET CURRENT ASSETS
53,538
TOTAL ASSETS LESS CURRENT
LIABILITIES
58,938
NET ASSETS
58,938
FUNDS
12
Unrestricted funds:
General fund
57,518
Societies and clubs - total funds
1,420
58,938
TOTAL FUNDS
58,938		 31.7.22
Total
funds
£
109
2,166
4,138
57,983
64,287
(9,496)
54,791
54,900
54,900
52,920
1,980
54,900
54,900

The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2023 and were signed on its behalf by:

Zoe Harrison

The notes form part of these financial statements

Page 12

Newman Students' Union

Notes to the Financial Statements for the Year Ended 31 July 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The charity meets the definition of a public benefit entity under FRS102.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The University grant of free serviced accommodation on the campus and equipment provided is accounted for as income and expenditure of the year at an estimated value to NSU by reference to the scales of charges provided by the University.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes irrecoverable VAT.

Allocation and apportionment of costs

Expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings In the statement of financial activities. Charitable expenditure comprises the direct and indirect costs of delivering public benefit.

Governance costs are those incurred for compliance with constitutional and statutory requirements, such as annual elections and training for sabbatical officers. The value of free serviced campus accommodation is apportioned on estimated floor space occupied. Other central overhead costs are apportioned to charitable and other projects/activities an a usage basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 13

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2023

1. ACCOUNTING POLICIES - continued

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

Commercial marketing/ sponsorship
3.
INVESTMENT INCOME
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Trading for charitable objectives
Advice & representation
Opportunities
Democracy
Training and development
Societies & sports clubs		 Direct
Costs
£
-
16,486
42,437
47,563
13,479
-
119,965		 31.7.23
£
1,530
31.7.23
£
120
Support
costs
£
161
6,320
8,819
5,223
7,506
584
28,613		 31.7.22
£
-
31.7.22
£
5
Totals
£
161
22,806
51,256
52,786
20,985
584
148,578

Staff costs and support costs which are not directly attributable to one of the specific activities stated above are apportioned across the activities in the most appropriate manner, usually based upon staff time, equipment or room usage.

Included in the above costs are:

Fee for the Independent Examination of the accounts

780 780

Page 14

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2023

5. TRUSTEES' REMUNERATION AND BENEFITS

The Chair and Vice-Chair (Sabbatical Officers) received remuneration and pension contributions as follows, as authorised in NSU's governing document, for the representation, campaigning and support work they undertook as distinct from their role as a Trustee. This work includes voicing student opinion with the University and local community, defending and extending the right of students through petitions, discussion with MPs and also organising and supporting student volunteers and service provision for them.

Trustees remuneration in the year
6.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Full time
No employees received emoluments in excess of £60,000.		 31.7.23
£
38,037
31.7.23
£
104,226
8,627
3,016
115,869

31.7.23
5		 31.7.22
£
35,810
31.7.22
£
101,137
6,796
4,975
112,908
31.7.22
5

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Trading for charitable objectives 10,641
Societies & sports clubs 504
University grants 162,834
Investment income 5
Total 173,984
EXPENDITURE ON
Charitable activities
Trading for charitable objectives 8,862
Advice & representation 50,995
Opportunities 50,743
Democracy 36,181
Costs to be apportioned -
Training and development 13,479
Societies & sports clubs 638
Other resources expended -
Total 160,898

Page 15

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2023

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
NET INCOME 13,086
RECONCILIATION OF FUNDS
Total funds brought forward 41,814
TOTAL FUNDS CARRIED FORWARD 54,900

8. TANGIBLE FIXED ASSETS

8. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and Computer
machinery equipment equipment Totals
£ £ £ £
COST
At 1 August 2022 2,706 1,078 4,374 8,158
Additions - - **7,334 ** **7,334 **
At 31 July 2023 2,706 1,078 11,708 **15,492 **
DEPRECIATION
At 1 August 2022 2,706 1,078 4,265 8,049
Charge for year - - 2,043 2,043
At 31 July 2023 2,706 1,078 6,308 **10,092 **
NET BOOK VALUE
At 31 July 2023 - - 5,400 5,400
At 31 July 2022 - - 109 109
9. STOCKS
31.7.23 31.7.22
£ £
Goods for resale - commercial activities 303 2,166

Page 16

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2023

10.
DEBTORS
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
12.
MOVEMENT IN FUNDS
At 1.8.22
£
Unrestricted funds
General fund
52,919
Societies and clubs - total funds
1,981
54,900
TOTAL FUNDS
54,900
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
173,542
Societies and clubs - total funds
23
173,565
TOTAL FUNDS
173,565		 31.7.23
31.7.22
£
£
-
109
4,394
1,362
10,864
2,667
15,258
4,138
3,763
-
19,021
4,138
31.7.23
31.7.22
£
£
13,379
124
12,518
9,372
25,897
9,496
Net
movement
At
in funds
31.7.23
£
£
4,599
57,518
(561)
1,420
4,038
58,938
4,038
58,938
Resources
Movement
expended
in funds
£
£
(168,943)
4,599
(584)
(561)
(169,527)
4,038
(169,527)
4,038

Page 17

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.8.21 in funds 31.7.22
£ £ £
Unrestricted funds
General fund 39,700 13,220 52,920
Societies and clubs - total funds 2,114 (134) 1,980
41,814 13,086 54,900
TOTAL FUNDS 41,814 13,086 54,900

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Societies and clubs - total funds
TOTAL FUNDS		 Incoming
resources
£
173,480
504
173,984
173,984		 Resources
Movement
expended
in funds
£
£
(160,260)
13,220
(638)
(134)
(160,898)
13,086
(160,898)
13,086

Page 18

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2023

12. MOVEMENT IN FUNDS - continued

The Designated funds represent amounts advanced to, or raised by, less expenditure incurred by, approved Student Societies and clubs.

Anime & Manga
Asian
Blue Sock Salon
Book club
Cakes and Bakes
Cheerleading
Christian Union
Creative Wellbeing Society
Critical Friends Society
Dance
Debating Society
Dramas (Madsoc)
Gaming
History Society
Islamic
LGBT
Math
NEST
Para-Newman Society
People & Planet
Philosophy
Pole Fitness
Pool
Social Sciences
We Love Film		 At 1.8.22
Transfers
Incoming
resources
£
£
£
153
-
24
23
11
-
48
-
84
-
76
-
89
-
22
-
-
-
-
-
81
-
558
-
183
-
37
-
113
-
59
-
30
-
-
-
100
-
-
-
-
-
-
-
207
-
85
-
20
-
1,981
23		 Resources
expended
£
-
-
-
(26)
-
-
-
-
-
-
-
(423)
(135)
-
-
-
-
-
-
-
-
-
-
-

(584)		 At 31.7.23
£
153
47
11

22
84
76
89
22
-
-
81

135

48
37
113
59
30
-
100
-
-
-
207
85
20
1,420

13. RELATED PARTY DISCLOSURES

Amounts received from the University in the form of grant and serviced accommodation are detailed in the statement of financial activities. NSU transacts with the University on day-to-day matters including the recharge of various activities.

14. ULTIMATE CONTROLLING PARTY

Ultimate control of NSU rests with its membership, represented by Student Forum and General Meetings. Its principal place of business Is on the premises of Newman University, Genners Lane, Bartley Green, Birmingham, B32 3NT. NSU is an unincorporated association, registered as a charity with the Charity Commission on 25 July 2011, No. 1143073

15.

VOLUNTEERS

NSU operates with a number of unpaid volunteers. There are six part time elected Officers who represent and support students across a number of areas including: societies, equality and diversity, campaigns, course representation, sport, wellbeing and events. Their only commitment to the organisation is the Executive committee meetings which are held once every two weeks, and any other work to fulfil the role is entirely voluntary.

Page 19