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2023-07-31-accounts

			Page
Trustees'	report		1-16
Auditors'	report		17 —20
Statement	of financial	activities	21
Balance sheet
Statement	ofcash flows		23
Notes to the financial		statements	24- 36

				Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2023	2022
			Notes		F		E	f.
Income from:
Donations				1,179,850			1,179,850	1,504,587
Charitable activities				182,972			182,972	172,191
Investment income				14,409			14,409	1,061
				1,377,231			1,377,231	1,677,839
Expenditure on:
Charitable activities				1,316,352	15,421		1,331,773	1,069,398
Unwinding of pension		liability		136,349			136,349	( 395,581 )
				1,452,701	15,421		1,468,122	673,817
Net movement	in funds before transfers			( 75,470 )	( 15,421 )		( 90,891 )	1,004,022
Transfers			17	36,201	23,872	( 60,073 )
Net movement	in funds			(39,269 )	8,451	( 60,073 )	( 90,891 )	1,004,022
Reconciliation	offunds
Fund balances	brought	forward		239,269	( 1,955,180 )	500,073	( 1,215,838 ) (2,219,860 )
Fund balances	carried forward			200,000	( 1,946,729 )	440,000	( 1,306,729 ) ( 1,215,838 )

							2023			2022
				Notes			f			f
Fixed assets
Tangible assets				13			23,477			11,144
Current assets
Stocks					8,944			6,712
Debtors				14	50,172			47,696
Cash at bank and		in hand			994,235			1,145,462
					1,053,351			1,199,870
Liabilities
Creditors:	amounts	falling
due within one year				15	( 305,616	)		( 306,130	)
Net current assets							747,735			893,740
Total assets less		current	liabilities				771,212			904,884
Creditors:	amounts	falling
due after	one year
Pension	liability			16			(2,077,941 )			( 2,120,722 )
Net assets							( 1,306,729 )			( 1,215,838 )
Funds
Unrestricted	funds						200,000			239,269
Designated	funds						310,342			336,144
Restricted	fund						440,000			500,073
Pension reserve						(	2,257,071 )		(	2,291,324 )
				17		(	1,306,729 )		(	1,215,838 )

						2023	2022
					Notes	f	F
Cash used in operating	activities				21	( 146,087 )	454,986
Cash flows from investing		activities
Interest income						14,409	1,061
Purchase oftangible fixed	assets					(19,549 )	(3,445)
Cash (usedin) investing	activities					( 5,140 )	( 2,384 )
Change in cash and cash		equivalents	in	the year		( 151,227 )	452,602
Cash and cash equivalents		at the beginning		ofthe year		1,145,462	692,860
Cash and cash equivalents		at the end	of	the year		994,235	1,145,462
Cash and cash equivalents		consist of:
Cash at bank and in hand						994,235	1,145,462

				Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2022	2021
			Notes		F	F	E	F
Income from:
Donations				1,064,587		440,000	1,504,587	1,340,000
Charitable activities				172,191			172,191	104,507
Investment income				1,061			1,061	267
Government grants								3,679
				1,237,839		440,000	1,677,839	1,448,453
Expenditure on:
Charitable activities				1,055,689	13,709		1,069,398	1,029,584
Unwinding of pension		liability		(395,581)			( 395,581 )	127,147
				660,108	13,709		673,817	1,156,731
Net movement	in funds before transfers			577,731	( 13,709 )	440,000	1,004,022	291,722
Transfers			17	( 517,826 )	677,015	( 159,189 )
Net movement	in funds			59,905	663,306	280,811	1,004,022	281,722
Reconciliation	offunds
Fund balances	brought	forward		179,364	( 2,618,486 )	219,262	( 2,219,860 )( 2,511,582 )
Fund balances	carried forward			239,269	( 1,955,180 )	500,073	( 1,215,838 )	( 2,219,860 )

4.	Donations
					2023	2022
					F	F
	University	of Sunderland
	Block grant				1,116,150	1,032,350
	Pension deficit grant		(restricted)			440,000
	Other				63,700	32,237
					1,179,850	1,504,587
5.	Incoming	resources	from charitable	activities
					2023	2022
					F	F
	Student services income				84,599	90,471
	Commercial	income			98,373	76,406
	Other Income					5,314
					182,972	172,191

8.	Support Costs	Support Costs
								2023	2022
									E
	Finance							83,835	47,831
	Administration							209,903	196,113
	Information Technology							300	296
	Governance	(note 9)						5,600	5,600
								299,638	249,840
	Support costs are allocated				based on	the overall expenditure	ofthe activities.
9.	Governance
								2023	2022
								F
	Audit fee							5,600	5,175
								5,600	5,175
10.	Net income/(expenditure)				for the year
	This is stated	after charging:						2023	2022
								F	F
	Depreciation	oftangible		fixed assets:
	—owned by the charity							7,216	2,359
11.	Auditors' remuneration
								2023	2022
	Fees payable	to the charity's			auditors	for the audit
	ofthe charity's	annual	accounts					5,600	5,450

Staff costs were as follows:	Staff costs were as follows:
			2023	2022
			E
Wages and salaries			755,656	620,389
Social security costs			67,622	5'1,637
Other pension costs			41,931	33,074
			865,209	705,100
The average monthly	number ofemployees	during the year was as follows:
			2023	2022
			Number	Number
Direct			3	3
Administration			17	17
Management			4	4
			24	24

The reimb	ursement of trustees expenses	was as follows:
		2023	2023	2022	2022
		Number		Number	F
Travelling	expenses	3	3236	3	1,216

13.	Tangible fixed assets	Tangible fixed assets		Fixtures,
				Fittings &
				Equipment
	Cost
	At 1 August 2022			84,799
	Additions			19,549
	Disposals			( 10,799 )
	At 31 July 2023			93,549
	Depreciation
	At 1 August 2022			73,655
	Charge for the period			7,216
	Disposals			( 10,799 )
	At 31 July 2023			70,072
	Net book value
	At 31 July 2023			23,477
	At 31 July 2022			11,144
14.	Debtors		2023	2022
			f.	E
	Trade debtors		33,277	28,845
	Other debtors		4,021	7,263
	Prepayments and accrued income		12,874	11,588
			50,172	47,696
15.	Creditors: amounts	falling due within one year
			2023	2022
			E
	Trade creditors		45,916	35,569
	Taxes and social security		26,294	18,489
	Other creditors		24,518	15,817
	Accruals and deferred	income	29,757	65,653
	Pension liability		179,131	170,602
			305,616	306,130

16.	Creditors: amounts	Creditors: amounts		falling due more than one	falling due more than one	falling due more than one	year
									2023	2022
									F	F
	Pension deficit payment				plan liability			2,077,941		2,120,722
17.	Analysis offunds
	Year ended 31Jul			2023		Brought				Carried
						forward	Income	Expenditure	Transfers	forward
						F	F		F
	Unrestricted fund
	General fund					239,269	1,377,231	( 1,452,701 )	36,201	200,000
	Designated funds
	Capital fund					11,144		(7,016 )	20,490	24,618
	Pension payment	fund				300,000			(44,871 )	255,129
	Pension deficit					( 2,291,324 )			34,253	( 2,257,071 )
	Staff development	fund				15,000		(3,530 )		11,470
	Website Development			Fund		10,000		(4,875 )	2,000	7,125
	Articles Review fund								7,000	7,000
	Data and Insight fund								5,000	5,000
	Restricted funds
	Pension fund 2023					60,073			(60,073 )
	Pension fund 2026					440,000				440,000
						( 1,215,838 )	'1,377,231	( 1,468,122 )		( 1,306,729 )
	Year ended 31Jul		2022			Brought				Carried
						forward	Income	Expenditure	Transfers	forward
						F	F			F
	Unrestricted fund
	General fund					179,364	1,237,839	( 660,108 )	( 517,826 )	239,269
	Designated funds
	Capital fund					10,058		(2,359 )	3,445	11,144
	Pension payment	fund				200,000			100,000	300,000
	Pension deficit					( 2,846,094 )			554,770	( 2,291,324 )
	Staff development		fund			4,550			10,450	15,000
	Freshers' Week IT		Fund			8,000		(8,000 )
	Website Development				Fund	5,000		( 3,350 )	8,350	10,000
	Restricted funds
	Pension fund 2023					219,262			( 159,189 )	60,073
	Pension fund 2026						440,000			440,000
						( 2,219,860 )	1,677,839	( 673,817 )		( 1,215,838 )

Year ended 31Jul	Year ended 31Jul	Year ended 31Jul	2023	Unrestricted	Designated	Restricted	Total
				Fund	Fund	Fund	Fund
				f		F
Tangible	assets				23,477		23,477
Cash and current		investments		267,369	286,866	440,000	994,235
Other current assets				59,116			59,116
Current	liabilities			( 126,485 )	(179,131 )		( 305,616 )
Creditors	more than		one year		( 2,077,941 )		( 2,077,941 )
				200,000	( 1,946,729 )	440,000	( 1,306,729 )

						2023	2022
							E
Net (expenditure)/income		for the	year			( 90,891 )	1,004,022
Interest received						( 14,409 )	(1,061 )
Depreciation oftangible		fixed assets				7,016	2,359
(Increase)/decrease	in	stock				(2,232 )	(2,084 )
(Increase)/decrease	in	debtors				(2,476 )	90,960
(Decrease)/increase	in	creditors	including	pension	liabilities	(43,295 )	(639,210 )
Net cash in operating	activities					( 146,287 )	454,986