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|||||||Page|
|---|---|---|---|---|---|---|
|Reference|and Administrative||Details ofthe Charity,|its Trustees|and Advisers||
|Trustees'|Report|||||2-15|
|Trustees'|Responsibilities
Statement|||||16|
|Independent
Auditors'||Report|on the Financial Statements|||17-20|
|Statement|of Financial|Activities||||21|
|Balance Sheet||||||22|
|Statement|ofCash Flows|||||23|
|Notes to the Financial||Statements||||24-47|
##
##
|Trustees|||Sarah Ellis|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Colin Dyas|||||||||
||||Bill Hancox|||||||||
||||Eri Mountbatten-O'||Malley|||||||
||||Alex McCann (resigned|||9 November||||2021)||
||||Alykhan
Kassam|(resigned||||28|February 2022)|||
||||Kathryn
Murphy|(appointed||||1 July 2021, resigned 20 August 2021)||||
||||Rhiannon
Muise|(appointed||||1 July 2021, resigned 27 May|||2022)|
||||Georgia Whalley-Smith|||(appointed||||1 July 2021, resigned|6 December 2021)|
||||Ben Broadhurst|(appointed||||1 July 2022)||||
||||Jack Richardson|(appointed||||1|July|2022)||
||||Doreen
Morrin (appointed||||25 July 2022)|||||
||||Orna Murphy-Horton||(appointed||||4 July 2022)|||
||||Elisha Tax (appointed|||28 February||||2022)||
||||Georgia Ward (appointed||||28 February 2022)|||||
|Company|registered|||||||||||
|number|||07329036|||||||||
|Charity registered||||||||||||
|number|||1143764|||||||||
|Registered||office|Edge Hill Students'||Union|||||||
||||The Hub|||||||||
||||St Helens Road|||||||||
||||Ormskirk|||||||||
||||Lancashire|||||||||
||||L394QP|||||||||
|Independent||auditors|Dains Audit Limited|||||||||
||||Statutory
Auditor|||||||||
||||Suite 2, Albion House|||||||||
||||2 Etruria Office Village|||||||||
||||Forge Lane|||||||||
||||Stoke on Trent|||||||||
||||Staffordshire|||||||||
||||ST1 5RQ|||||||||
|Solicitors|||Weightmans
LLP|||||||||
||||100Old Hall Street|||||||||
||||Liverpool|||||||||
||||L3 9QJ|||||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|E|f.|F|F|
|Income from:|||||||
|Donations
and legacies|||532,955|238,779|771,734|942,525|
|Charitable
activities|||1,198,854||1,198,854|237,802|
|Other trading
activities|||5,420||5,420|270|
|Investments|||2,008||2,008|355|
|Total income|||1,739,237|238,779|1,978,016|1,180,952|
|Expenditure
on:|||||||
|Raising funds|||10,887||10,887|5,949|
|Charitable
activities|||1,506,039|238,779|1,744,818|1,183,615|
|Total expenditure|||1,516,926|238,779|1,755,705|1,189,564|
|Net movement
in funds|||222,311||222,311|(8,612)|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||527,658||527,658|536,270|
|Net movement
in funds|||222,311||222,311|(8,612)|
|Total funds carried forward|||749,969||749,969|527,658|
##
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##
|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
|||||Note||E||F|
|Fixed assets|||||||||
|Intangible
assets||||14|||||
|Tangible assets||||15||11,882||3,463|
|Investments||||16||100||'I00|
|||||||11,982||3,563|
|Current assets|||||||||
|Stocks||||17|47,229||36,856||
|Debtors||||18|60,495||92,349||
|Cash at bank|and|in|hand||727,279||471,285||
||||||835,003||600,490||
|Creditors: amounts|||falling due within one||||||
|year||||19|(97,016)||(76,395)||
|Net current|assets|||||737,987||524,095|
|Total net assets||||||749,969||527,658|
|Charity funds|||||||||
|Restricted
funds||||21|||||
|Unrestricted|funds|||21||749,969||527,658|
|Total funds||||||749,969||527,658|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||E|F|
|Cash flows from operating||activities||||
|Net cash used
in operating|activities|||271,403|1,446|
|Cash flows from investing||activities||||
|Dividends,
interests
and rents from investments||||2,008|355|
|Purchase
oftangible
fixed assets||||(17,417)||
|Net cash (used in)/provided||by investing|activities|(15,409)|355|
|Cash flows from financing||activities||||
|Change
in cash and cash||equivalents
in|the year|255,994|1,801|
|Cash and cash equivalents||at the beginning|ofthe year|471,285|469,484|
|Cash and cash equivalents||at the end of|the year|727,279|471,285|
|The notes on pages 24 to 47 form part of these financial statements||||||
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|iation
is provided
on the following
b|asis:|
|---|---|
|Bar 8 Kitchen equipment|33%|
|Stone Willy's
Kitchen Equipment-|33%|
|Shop equipment|33%|
|Subway shop equipment|33%|
|Subway fixtures and fittings|33%|
|Office equipment|33%|
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2022|2022|2022|
|||||E|E|E|
|Edge Hill University||- Core|Grant|526,201||526,201|
|Service charge|||||73,986|73,986|
|Rental grant|||||164,793|164,793|
|Government|grants|||6,754||6,754|
|||||532,955|238,779|771,734|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||2021|2021|2021|
||||||E|E|
|Edge Hill University||- Core|Grant|436,510||436,510|
|Service charge|||||75,440|75,440|
|Rental grant|||||146,530|146,530|
|Coronavirus|Job Retention||Scheme|284,045||284,045|
|||||720,555|221,970|942,525|
##
|Unrestricted|Total|
|---|---|
|funds|funds|
|2022|2022|
|E||
|1,198,854|1,198,854|
##
##
##
|Unrestricted|Total|
|---|---|
|funds|funds|
|2021|2021|
|E|f.|
|237,802|237,802|
##
##
||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022|2022f|
|Advertising|5,420|5,420|
||Unrestricted|Total|
||funds|funds|
||2021|2021|
||F||
|Advertising|270|270|
##
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##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
|||||E|
||Bank interest|received|2,008|2,008|
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
||Bank interest|received|355|355|
|8.|Expenditure|on raising funds|||
|||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|
|||||||||2022|2022|
|||||||||E|E|
|Fundraising||trading|expenses||-wages|and salaries||4,554|4,554|
|Fundraising||trading|expenses||- Nl|||482|482|
|Fundraising||trading|expenses||- pension|costs||112|112|
|Allocated|centrally||incurred|fundraising||and governance|costs|5,739|5,739|
|||||||||10,887|10,887|
##
##
##
|||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|
|||||||||2021|2021|
|||||||||E|E|
|Fundraising||trading|expenses||-wages|and salaries||2,174|2,174|
|Fundraising||trading|expenses||- Nl|||224|224|
|Fundraising||trading|expenses||- pension|costs||54|54|
|Allocated|centrally||incurred|fundraising||and governance|costs|3,497|3,497|
|||||||||5,949|5,949|
##
|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|Total|
|||2022|2022|2022|
|||f.|E|P|
|Commercial|activities|1,062,210|238,779|1,300,989|
|Student Voice||443,829||443,829|
|||1,506,039|238,779|1,744,818|
|||Unrestricted|Restricted||
|||funds|funds|Total|
|||2021|2021|2021|
|||E||f.|
|Commercial|activities|620,574|194,769|815,343|
|Student Voice||341,071|27,201|368,272|
|||961,645|221,970|1,183,615|
##
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2022|2022|2022|
|||E||F|
|Commercial|activities|879,318|421,671|1,300,989|
|Student Voice||221,947|221,882|443,829|
|||1,101,265|643,553|1,744,818|
|||Activities|||
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2021|2021|2021|
|||f.|E||
|Commercial|activities|446,480|368,863|815,343|
|Student Voice||195,423|172,849|368,272|
|||641,903|541,712|1,183,615|
##
##
||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2021|
||||F|F|
|Staff costs|||255,302|225,225|
|Depreciation|||3,135|5,250|
|Rent|||221,343|221,970|
|Staff development|||6,674|1,179|
|Recruitment||costs|274|4,384|
|Staff recognition|||1,820|1,500|
|Office costs|||3,482|1,745|
|Professional||fees|17,359|5,093|
|Finance charges|||26,879|650|
|Subscriptions||8 affiliations|53,674|21,653|
|Sundry expenses||||16|
|Advertising|and marketing||2,524||
|Governance||costs|7,250|7,250|
|Irrecoverable||VAT|17,469|16,015|
|Insurance|||11,786|12,410|
|Designated||reserves - Capital expenditure|11,270|4,318|
|Designated||reserves - Staffing||7,116|
|Designated||reserves - Staff wellbeing|3,312|5,938|
||||643,553|541,712|
|Auditors'
remuneration|||||
|---|---|---|---|---|
||||2022|2021|
||||F|F|
|Fees payable to the charity's
accounts|auditor for the audit of the charity's|annual|7,250|7,100|
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||F|E|
|Wages and|salaries|||758,258|663,484|
|Social security costs||||51,389|49,475|
|Contribution|to defined|contribution|pension schemes|8,889|9,162|
|||||818,536|722, 121|
|||2022|2021|
|---|---|---|---|
|||No.|No.|
|Charitable|activities|13|8|
|Trading||58|34|
|Support||5|7|
|||76|49|
|2022|2021|
|---|---|
|No.|No.|
##
##
|an empl|o|yment
with the charity.|Trustee remuneration
and other b|enefits was|as follows:||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||F|
|Kathryn||Murphy|Remuneration||852|1,539|
||||Other benefits||13||
|Rhiannon||Muise|Remuneration||15,777|1,539|
||||Other benefits||143||
|Georgia||Whalley-Smith|Remuneration||5,610|1,211|
||||Other benefits||52||
|Ben Broadhurst|||Remuneration||1,539||
||||Other benefits||13||
|Jack Richardson|||Remuneration||1,539||
||||Other benefits||117||
|Molly Smallwood|||Remuneration|||10,539|
||||Pension
contributions|paid||204|
|Ellie Pither|||Remuneration|||16,692|
||||Pension
contributions|paid||63|
|Callum|Chambers||Remuneration|||16,155|
||||Pension
contributions|paid||258|
##
|Notes|to the Financial Statements||
|---|---|---|
|For the Year Ended 31 July 2022|||
|14.|Intangible
assets||
|||Trademarks|
|||F|
||Cost||
||At 1 August 2021|4,400|
||At 31 July 2022|4,400|
||Amortisation||
||At 1 August 2021|4,400|
||At 31 July 2022|4,400|
||Net book value||
||At 31 July 2022||
||At 31 July 2021||
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##
|||||||||Investments|
|---|---|---|---|---|---|---|---|---|
|||||||||in|
|||||||||subsidiary|
|||||||||companies|
|||||||||f.|
|Cost or valuation|||||||||
|At 1 August 2021||||||||100|
|At 31 July 2022||||||||100|
|Net book value|||||||||
|At 31 July 2022||||||||100|
|At 31 July 2021||||||||100|
|Principal subsidiaries|||||||||
|The following
was a|subsidiary|undertaking|||ofthe charity:||||
|Name||||||Company|Class of|Holding|
|||||||number|shares||
|Edge Hill Student's|Union Trading||Limited|||08613438|Ordinary|100'/o|
|The financial
results|ofthe subsidiary|||for the year were:|||||
|Name||||||||Net assets|
|Edge Hill Student's|Union Trading||Limited|||||100|
##
##
|Stocks|||
|---|---|---|
||2022|2021|
|||F|
|Bar stock|15,273|11,256|
|Shop stock|24,298|24,533|
|Subway stock|4,797|847|
|Stone Willy's Kitchen stock|2,861|220|
||47,229|36,856|
|||2022|2021|
|---|---|---|---|
|||F|F|
|Due within one year||||
|Trade debtors||12,579|7,696|
|Other debtors||42,674|71,773|
|Prepayments|and accrued income|5,242|12,880|
|||60,495|92,349|
|19.|Creditors: Amounts|Creditors: Amounts|falling due within one year|||
|---|---|---|---|---|---|
|||||2022|2021|
||||||F|
||Trade creditors|||70,013|46,332|
||Amounts
owed|to group undertakings||128|130|
||Other taxation|and social security||12„118|18,995|
||Other creditors|||2,907|2,080|
||Accruals and deferred||income|11,850|8,858|
|||||97,016|76,395|
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||||F|
|Financial|assets||||||
|Financial|assets measured||at amortised|costs|55,253|79,469|
||||||2022|2021|
||||||F|E|
|Financial|liabilities||||||
|Financial|liabilities|measured|at amortised|cost|84,898|57,398|
##
##
##
|||||||Balance at 1|||Transfers|Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||August 2021|Income|Expenditure|in/out|31 July 2022|
|||||||f.|f.|E|E||
|Unrestricted
funds|||||||||||
|Designated
funds|||||||||||
|Capital||||||10,801||(11,270)|26,199|25,730|
|Staff||||||27„984|||(27,984)||
|Wellbeing||||||3,900||(3,312)|18,600|19,188|
|Students'||Union|Building||Fit Out||||215,000|215,000|
|Equipment||||||||(5,863)|30,000|24,137|
|Subway|remodel||||||||85,000|85,000|
|||||||42,685||(20,445)|346,815|369,055|
|General|funds||||||||||
|Charity||||||484,973|1,739,237|(1,496,481)|(346,815)|380,914|
|Total Unrestricted||||funds||527,658|1,739,237|(1,516,926)||749,969|
|Restricted||funds|||||||||
|Rent grant||- Union|||||238,779|(238,779)|||
|Total of|funds|||||527,658|1,978,016|(1,755,705)||749,969|
##
##
##
|Statement|offunds|- prior ye|ar|||||
|---|---|---|---|---|---|---|---|
||||Balance at|||||
||||1 August|||Transfers|Balance at|
||||2020|Income|Expenditure|in/out|31 July 2021|
||||E|E||f.|E|
|Unrestricted|funds|||||||
|Designated|funds|||||||
|Capital|||9,119||(4,318)|6,000|10,801|
|Staff|||11,500||(7,116)|23,600|27,984|
|Wellbeing|||3,770||(5,938)|6,068|3,900|
||||24,389||(17,372)|35,668|42,685|
|General funds||||||||
|Charity|||511,881|958,982|(950,222)|(35,668)|484,973|
|Total Unrestricted||funds|536,270|958,982|(967,594)||527,658|
|Restricted|funds|||||||
|Rent grant - Union||||221,970|(221,970)|||
|Total offunds|||536,270|1,180,952|(1,189,564)||527,658|
##
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##
##
|Analysis
of net assets between
funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2021|2021|
||E|F|
|Tangible fixed assets|3,463|3,463|
|Fixed asset investments|100|100|
|Current assets|600,490|600,490|
|Creditors due within one year|(76,395)|(76,395)|
||527,658|527,658|
|23.|Reconciliation
of n|et|movem|ent|in fun|ds to|net|cash flow|from|operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|2021|
||Net
income/expenditure||for|the|year|(as|per|Statement|of|Financial|||
||Activities)||||||||||222,311|(8,612)|
||Adjustments
for:||||||||||||
||Depreciation
charges||||||||||8,998|22,218|
||Amortisation
charges|||||||||||1,393|
||Dividends,
interests|and rents||from|investments||||||(2,008)|(355)|
||Decrease/(increase)|in|stocks||||||||(10,373)|7,166|
||Decrease/(increase)|in|debtors||||||||31,854|62,188|
||Increase/(decrease)|in|creditors||||||||20,621|(82,552)|
||Net cash provided|by|operating||activities||||||271,403|1,446|
|24.|Analysis
ofcash and||cash equivalents||||||||||
||||||||||||2022|2021|
||||||||||||P|F|
||Cash
in hand||||||||||727,279|471,285|
||Total cash and cash equivalents||||||||||727,279|471,285|
##
##
##
|||||||At|1|August||At 31 July|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|Cash flows|2022|
||||||||||E|F|
|||||||||E|||
|Cash|at|bank|and|in|hand|||471,285|255,994|727,279|
|||||||||471,285|255,994|727,279|
##
##
||||2022f|2021
E|
|---|---|---|---|---|
|Not later than||1 year|1,762|1,762|
|Later than|1|year and not later than 5years|5,286|7,048|
||||7,048|8,810|
##
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##
##
##