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|---|---|---|---|
|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|





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|||||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<br>activities||||182,972|||182,972|172,191|
|Investment<br>income||||14,409|||14,409|1,061|
|||||1,377,231|||1,377,231|1,677,839|
|Expenditure<br>on:|||||||||
|Charitable<br>activities||||1,316,352|15,421||1,331,773|1,069,398|
|Unwinding<br>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 )||





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||||||||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 )|





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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Notes|f|F|
|Cash used<br>in operating|activities||||21|( 146,087 )|454,986|
|Cash flows from investing||activities||||||
|Interest income||||||14,409|1,061|
|Purchase oftangible<br>fixed|assets|||||(19,549 )|(3,445)|
|Cash (usedin) investing|activities|||||( 5,140 )|( 2,384 )|
|Change<br>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<br>in hand||||||994,235|1,145,462|





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|||||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<br>activities||||172,191|||172,191|104,507|
|Investment<br>income||||1,061|||1,061|267|
|Government<br>grants||||||||3,679|
|||||1,237,839||440,000|1,677,839|1,448,453|
|Expenditure<br>on:|||||||||
|Charitable<br>activities||||1,055,689|13,709||1,069,398|1,029,584|
|Unwinding<br>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 )|





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|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|



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|8.|Support Costs|Support Costs||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
||||||||||E|
||Finance|||||||83,835|47,831|
||Administration|||||||209,903|196,113|
||Information<br>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<br>by the charity|||||||7,216|2,359|
|11.|Auditors'<br>remuneration|||||||||
|||||||||2023|2022|
||Fees payable|to the charity's|||auditors|for the audit||||
||ofthe charity's|annual|accounts|||||5,600|5,450|





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|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<br>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<br>of trustees expenses|was as follows:||||
|---|---|---|---|---|---|
|||2023|2023|2022|2022|
|||Number||Number|F|
|Travelling|expenses|3|3236|3|1,216|





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|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<br>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<br>liability||179,131|170,602|
||||305,616|306,130|





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|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<br>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<br>fund||||||||||
||General<br>fund|||||239,269|1,377,231|( 1,452,701 )|36,201|200,000|
||Designated<br>funds||||||||||
||Capital fund|||||11,144||(7,016 )|20,490|24,618|
||Pension<br>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<br>fund 2023|||||60,073|||(60,073 )||
||Pension<br>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<br>fund||||||||||
||General<br>fund|||||179,364|1,237,839|( 660,108 )|( 517,826 )|239,269|
||Designated<br>funds||||||||||
||Capital fund|||||10,058||(2,359 )|3,445|11,144|
||Pension<br>payment|fund||||200,000|||100,000|300,000|
||Pension<br>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<br>fund 2023|||||219,262|||( 159,189 )|60,073|
||Pension<br>fund 2026||||||440,000|||440,000|
|||||||( 2,219,860 )|1,677,839|( 673,817 )||( 1,215,838 )|





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|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 )|





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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||||E|
|Net (expenditure)/income||for the|year|||( 90,891 )|1,004,022|
|Interest received||||||( 14,409 )|(1,061 )|
|Depreciation<br>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|