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|Board ofTrustees|and|Union Information||
|Trustees
Report|||2-8|
|Independent
Auditors'||Report|9-ll|
|Statement of Financial||Activities|12|
|Balance Sheet|||13|
|Statement
ofCash|Flows||14|
|Notes to Financial|Statements||15-25|
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|Internal||||||External|||
|---|---|---|---|---|---|---|---|---|
|||||||Government|Policy|— Higher
Education
Policy|
|Ongoing|Funding|||||(particularly
Teaching
Excellence
Framework
and
National
Student
Survey),
Non-Higher
Education|||
|||||||Poli|||
|University|Strategy|—Recruitment|success|lk|Funding|Legislative|Framework|—with reference to Charity Law|
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|||||||Page
I|12|
|---|---|---|---|---|---|---|---|
|||||'||||
||||DEN|NI|N|||
|RPORATIN|THE IN|ME|P||REACCOUN|||
|FOR THE YEAR ENDED|||isr|||||
||Unrestricted|||||||
||General||Restricted||Designated|||
|||Funds|Funds||Funds|Total|Total|
||Note|f|f||f|2022|2021
f|
|INCOME AND ENDOWMENTS FROM:||||||||
|Donations and Grants||||||||
|Block Grant||1,498,100|300,000|||1,798,100|1,565,950|
|Sports Grant||89,800||||89,800|69,800|
|Other Grants|||||39,350|39,350|117,078|
|Charitable
Activities||||||||
|Student Social Venues||232,757||||232r757|56,648|
|Student Activities||7,056|||55,244|62,300|40,214|
|Advice and Representation||4,000||||4,000||
|Communications
and Marketing||25,209||||25,209|55,749|
|Other||55 308||64||55372|29860|
|Total Income|1912230||300064||94594|2306888|1935299|
|EXPENDITURE ON:||||||||
|Charitable
Activities||||||||
|Student Social Venues|3|406,509|57,466||80,302|544,277|306,074|
|Student Activities|4|354,343|75,751||49,032|479,126|372,304|
|Advice and Representation|5|708,724|94,036|||802r760|730,664|
|Communications
and Marketing|6|271,008|33,957|||304,965|272,901|
|Revaluation
ofPension Provision|16||||19140|19140|11098|
|Total Expenditure|1740 584||261 210||148474|2150268|1693 041|
|Net Income/(Expenditure)||171,646|38g854||(53880)|156g620|242 258|
|Transfer Between Funds|16|48612|||48 612|||
|Net movement
in funds||123 34|38|854|5268|156620|242 258|
|Reconciliation ofFunds||||||||
|Total Funds brought
forward||722 445|6491||658 823|70 113|172145|
|Funds Carried Forward||845479|45|45|664091|226 733|70113|
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||||2022
6|2022
6|2021I||
|---|---|---|---|---|---|---|
|Cash Flows from Operating|Activities||||||
|Net movement
offunds for the period||||156,620||242,258|
|Adjustments
for:|||||||
|Depreciation||||17,323||13,161|
|Write olfoffixed asset investment||||||100|
|Interest received from invesbnenls|||||||
|Decrease/(Increase)
in Stock
Decrease
in Debtors||13||1433
(6450)||(1,327)
51,849|
|(Decrease) in Pension
Provision||14,15||(29/72)||(40,176)|
|Increase
in Other Creditors||14||54228||49762|
|Net Cash used in Operating|Activities|||193,682||315,627|
|Cash Flows from Investing|Activities||||||
|Interest received from investments|||||||
|Payments to acquire fixed assets||||15677||6 140|
|Net Cash used in Investing|Activities|||(15,677)||(6,140)|
|Cash Flows from Financing|Activities||||||
|Loan repayments|||||||
|Net Cash used in Financing|Activities||||||
|Change
in cash and equivalents|in the period|||178,005||309,487|
|Cash and equivalents
at the start ofthe period||||948316||638829|
|Cash and equivalents atthe|end ofthe period||1|126321||948316|
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|3.
STUDENT SOCIA|L VENUES||||||
|---|---|---|---|---|---|---|
||||-2022-|||2021|
||Bars|Cafe|Retail|Entertainment|Total|Total|
||6|6|||6|6|
|Sales
Cost ofSales|80,258
22 252|76,295
49912|74,621
38964|1,583|232,757
III128|56,648
31073|
|Gross Profit|58,006|26,383|35,657|1,583|121,629|25,575|
|Staff Salaries and Wages|(58,334)|(77'013)|(36g753)|254|(171,846)|(89,956)|
|Other Direct Costs
Support Costs|(21,275)
46439
68042|(26,522)
46439
123591|(8,068)
46439
55603|(19,682)
46439
64284|(75,547)
185756
311520|(33,717)
151328
249426|
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||-------|-—----2|22-------|-----|2021|
|---|---|---|---|---|---|
||Unrestricted|Restricted|Designated|Total|Total|
|||6|6|6|6|
|Income
Direct Costs|7,056
(83,463)||55,244
(49,032)|62,300
(13~95)|40,214
(60,197)|
|Staff Salaries and Wages
Support Costs|(101,770)
169110|75751||(102,770)
244861|(112,628)
199479|
||347287|75751|6222|416826|332 090|
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|ADVICE AND REPRESE|NTATION|NTATION|NTATION|NTATION||
|---|---|---|---|---|---|
||-------------2022------------||||202i|
||Unrestricb. d|Restricted|Designated|Total|Total|
||6|6||6|5|
|Income|4,000|||4,000||
|Direct Costs|(51,537)|||(51,537)|(46,523)|
|Staff Salaries and Wages|(447,258)|||(447,258)|(436,512)|
|Support Costs|209929
704724|94036
9 036||303965
798760|247 629
730664|
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||-------------2022------------|-------------2022------------|-------------2022------------|-------------2022------------|2021|
|---|---|---|---|---|---|
||Unrestricted|Restricted|Designated|Total|Total|
||6|6|6|6|6|
|Income|25,209|||25,209|55,749|
|Direct Costs|(57,255)|||(57,255)|(68,336)|
|Staff Salanes and Wages|(137,945)|||(137,945)|(115,143)|
|Support Costs|75808|33957||109765|89422|
||245799|33957||279 756|217 152|
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|TANGIBLE FIXEDAS|SETS||||
|---|---|---|---|---|
||Once||||
||Equipment||Other||
||82Fittings||Asscia|Total|
||||E|E|
|COST|||||
|At 1"August 2021|53,968|23,354|26,977|104,299|
|Additions|15,677|||15,677|
|Disposals
At31»Iuly 2022|60045|23304|26077|119976|
|DEPRECIATION|||||
|At 1» August 2021|34,975|21,634|21,648|78,257|
|Charge Ibr the year|12,957|1,450|2,916|17,323|
|Disposals|||||
|At31»Iuly 2022|47932|23004|24004|9~000|
|NET BOOK VALUE
At31»Iuly 2022|21 713|270|~433|24 390|
|At31"3uly 2021|10993|720|~329|26042|
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|NALYSIS O|F NET ASSETS BE|TWEEN FUNDS||||
|---|---|---|---|---|---|
|||Restricted|Designated|Unrestricted|Total Funds|
|||Funds|Funds|Funds|2022|
|||6|6||f.|
|Non-Current|Assets|||24,396|24,396|
|Net Current|Assets|45,345|46,787|821,083|913,215|
|Creditors due after one year|||710878||710 78|
|||45345|66 091|845479|226733|
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|NALYSIS OF NET ASSETS BE|TWEEN FUNDS|(COMPARATIV|E)||
|---|---|---|---|---|
||Restricted|Designated|Unrestricted|Total Funds|
||Funds|Funds|Funds|2021|
||E|E||f.|
|Non-Current
Assets|||26,042|26,042|
|Net Current Assets
Creditors due aiter one year|6,491
6491|82,698
741 521
658823|696,403
722445|785,592
741521
70113|
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|31e 3uly|2|022 the following
operating
l|ease payments
are committed
to be paid|ease payments
are committed
to be paid|
|---|---|---|---|---|
||||Assets Other Than Land 89Buildings||
||||2022|2021|
|Expiring:|||f.|6|
|Within
Within|1
2|year
to 5 years|4,662
12872
16734|1,689
1 197
2886|
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|23.COMPARATIVE SOFA 2021||||||
|---|---|---|---|---|---|
|||Unrestricted||||
|||General|Restricted|Designated||
|||Funds|Funds|Funds|Total|
||||||2021|
||Note|E|8|E|5|
|INCOME AND ENDOWMENTS||||||
|FROM:||||||
|Donations and Grants||||||
|Block Grant||1,418,100|147,850||1,565,950|
|Sports Grant||69,800|||69,800|
|Other Grants||76,126||40,952|117,078|
|Charitable
Activities||||||
|Student Social Venues||56,648|||56,648|
|Student Acbvities||5,366||34,848|40,214|
|Advice and Representation||||||
|Communications
and Marketing||55,749|||55,749|
|Other||29860|||29860|
|Total Income||171 649|147850|75800|1935299|
|EXPENDITURE ON:||||||
|Charitable
Activities||||||
|Student Social Venues||270,134|35,940||306,074|
|Student Activities||304,725|47,376|20,203|372,304|
|Advice and Representation||671,853|58,811||730,664|
|Communications
and Marketing||251,664|21,237||272,901|
|Revaluation
ofPension Provision||||11098|1 098|
|Total Expenditure||1498376|163364|31301|1693041|
|Net Income/(Expenditure)||213,273|(15,514)|44,499|242,258|
|Transfer between
Funds||48 072||45072||
|Net movement
in funds||165201|15514|92571|242 258|
|Reconciliation ofFunds||||||
|Total Funds brought
forward||557244|22 005|751394|17 145|
|Funds Carried Forward||722445|6491|658823|70113|