2023-07-31-accounts

			Page
Board ofTrustees	and	Union Information
Trustees Report			2-9
Independent Auditors'		Report	10-12
Statement of Financial		Activities	13
Balance Sheet			14
Statement ofCash	Flows		15
Notes to Financial	Statements		16-26

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 &Funding		Legislative		Framework-	with	reference to		Charity Law
Merger with Writtle with Writtle College	College —ARU will as of 29" February			be merging 2024 which
will increase student	numbers	as	those students will
be core members.

	FO	R THE	YEAR ENDED	31 3U	LY 2	2
			Unrestricted
			General	Restricted		Designated	Total	Total
			Funds	Funds		Funds	2023	2022
		Note		5		E
4COME AND ENDOWMENTS	FROM:
onations and Grants
Block Grant			1,818,100	320,000			2,138,100	1,798,1
Sports Grant			89,800				89/800	89,8
Other Grants						41,671	41,671	39,3
hadtable Activities
student Social Venues			354,958				354,958	232,7
itudent Activities			10,535			55,087	65,622	62,3
rrdvice and Representation								4,0
:ommunications and Marketing			42,457				42,457	25,2
ther			120365		675		121040	553
otal Income			2436 215	320	675	96758	2853648	2 3068
KPENDITURE ON:
haritable Activities
Student Social Venues		3	574,667	71,623		80,302	726,592	544,2
Student Activities		4	433,711	94,412		48,776	576499	479,1
rrrdvice and Representation		5	854,857	117,201			972,058	802,7
:ommunications and Marketing		6	291,608	42,323			333,931	304,9
evaluation ofPension Provision		16				12715	12715	191
otal Expenditure			2154843	325	559	116363	2 596765	2 1502
et Income/(Expenditure)			281,372	('i,884)		(19,605)	256/883	156,6
.ansfer Between Funds		16	92 688			92 688
et movement in funds			188684	4884		73083	256 83	1566
econciliation of Funds
alai Funds brought forward			845 479	45	345	664091	226 733	70 1
mds Carried Forward			1034163	40	461	591008	483616	226 7

			2023 6	2023 6	2022I
lash Rows from	Operating Activities
let movement offunds for the period				256,883		156,6:
idjustments for:
iepreciation				19,675		17,3)
I/rite offoffixed asset investment
nterest received from investments
iecrease/(Increase)	in Stack			1,029		1,8:
iecrease/(Increase)	in Debtors	13		(47,740)		(6,85)
ncrease/(Decrease)	in Pension Provision	14, 15		(67,217)		(29,47:
)icrease/(Decrease)	in Other Creditors	14		5647		542'
let Cash used in	Operating Activities			156,983		193,6i
esh Rows from Investing Achvities
nierest received from investments
'ayments to acquire	fixed assets			17821		1567
let Cash used in	Investing Activities			(17,821)		(15,67
lash Rows from Financing Activities
oan repayments
let Cash used in	Financing Activities
:hange in cash and	equivalents in the period			139,162		178,0(
ash and equivalents	at the start ofthe period		1	126321		9483:
Wsh and equivalents at the end ofthe period				265483		1 1263;

3. STUDENT SOCIA	L VENUES
			-2023----—————————---			2022
	Barsf	Cafef	Retail	Entertainment f	Total f	Total f
Sales	96,464	145,328	111,106	2,060	354,958	232,757
Cost of Sales	(28,456)	(84,767)	(66,062		179,285)	(111,128
Gross Profit	68,008	60,561	45,044	2,060	175,673	121,629
Staff Salaries and Wages	(68,122)	(121,515)	(58,818)		(248,455)	(171,846)
Other Direct Costs	(12,473)	(19,861)	(12,791)	(14640)	(59I765)	(75,547)
Support Costs	(59,772)	(59,772)	(59,772)	(59,771)	(239,087)	(185,756)
	(72I359)	(140t587)	(86t337)	72i351	371I634)	(311520)

STUDENT ACTIVITI	ES	ES	ES	ES
	————---------2023------------				2022
	Unrestricted f	Restricted f	Designated f	Total f	TotalI
Income	10,535		55,087	65,622	62,300
Direct Costs	(81,639)		(48,776)	(130,415)	(132,495)
Staff Salaries and Wages	(131,325)			(131,325)	(101,770)
Support Costs	(220,747)	(94,412)		(315,159)	(244,861)
	(423176)	(94i412)	6i311	(51li277)	(416826)
ADVICE AND REPRESENTATION----————————-2023-""—————————-					2022
	Unrestricted f	Restricted f	Designated f	Total f	Total f
Income					4,000
Direct Costs	(67,549)			(67,549)	(51,537)
Staff Salaries and Wages	(513,277)			(513,277)	(447,258)
Support Costs	274,031	117201)		(391,232	(303965
	(854i857)	(117i201)		(972,058)	(798,760)
COMMUNICATIONS	AND MARKETING
	———----—————-2023———————————-				2022
	Unrestricted f	Restricted	Designated f	Total f	Total 1
Income	42,457			42,457	25,209
Direct Costs	(70,160)			(70,160)	(57,255)
Staff Salaries and Wages	(122,493)			(122,493)	(137,945)
Support Costs	(98,955)	(42,323)		(141,278)	(109,765)
	(249,151)	(42,323)		(291,474)	(279,756)

1.	TANGIBLE FIXEDASS	ETS	ETS
		Office
		Eguipment								Other
		lk Fittings f			Sara 6				Assets 6			Total 6
	COST
	At 1*August 2022		69,645		23,354					26,977		119,976
	Additions		17821										17821
	At 31nIuly 2023	87456			23	354				26	977	137797
	DEPRECIATION
	At 1"August 2022		47,932		23,084					24,564		95,580
	Charge for the year		17827			270				1	578		19675
	At 3183July 2023	65 759			23	354				26	142	115255
	NET BOOK VALUE
	At 31nJuly 2023	21707									83~	22 542
	At31' July 2022		21713			270				2	413		24 396
2.	INVESTMENTS
	At 31"July 2022the Union held		100Zi shares		in Anglia	Students'			Union	Trading		Company	Limited whic
	was incorporated in the United		Kingdom.	The company			was	dormant		and	the	investment	was held
	zero value. The trustees took the decision			to	close the	company.			The company			was dissolved in Augus
	2022.
3.	DEBTORS
						2023						2022
Trade Debforsr
Due from the University Other					93,595 6378					49,011 ~7323
								99,973					47,688
Other Debtors VAT							11,878 ~3288						10,792 2 363
								188583					60843

14.	CREDITORS: Amou	nts	falling due within one year
			2023			2022
Trade Creditors:
	Due to the University		32
	Other		37,773		62,044
				37,805			62,044
Other Creditorsincluding		Taxation and
SocialSecurltyr
	PAYE and Social Security		67,423		37,918
	Pension Liability		51,665		51,220
	Accruals		143,687		155,045
			262,775				244,183
			300,580				306,227
15.	CREDITORS: Amounts		falling due after more than one	year
				2023			2022f
Pension Liability				~643 61			710878
				643661			710878

	2023	2022f
Due Within One Year	51,665	51,220
Between Two and Five Years	204,025	217,143
More Than Five Years	439636	493 735
	695326	762 098

6. FUNDS		F RTHE	YEAR END	ED 31sr 3 LY2	2
		Balance	Income	Expenditure	Transliars	Balance
		Brought				Carried
		Forward				Forward f
Restricted	Funds
ARU London		45,345	320,675	(325,559)		40,461
		45,345	320 675	325559)		40,461
Designated	Funds
Clubs and Societies		67,803	55,087	(48,776)		74,114
Other Sports		30,204				30,204
Cafes			41,671	(80,302)	38,631
Pension Liability		(762,098)		12,715	54,057	695,326
		664091	96758	116363	92688	591008
Unrestricb.	d
Funds
General Reserves		845,479	2,436,215	(2,154,843)	(92,688)	1,034,163
Total Reserves		226,733	2,853,648	(2,596,765)		483,616

NALYSIS	OF	NET ASSETS BE	TWEEN FUNDS
			Restricted	Designated	Unrestricted	Total Funds
			Fundsf	Funds f	Funds	2023 f
Non-Current		Assets			22,542	22,542
Net Current Assets			40,461	52,653	1,011,621	1,104,735
Creditors	due	aiter one year		(643,661)		(643,661)
			407461	(5917008)	1,034,163	483,616

		Restricted	Designated	Unrestricted	Total Funds
		Funds f	Fundsf	Funds	2022f
Non-Current	Assets			24,396	24,396
Net Current	Assets	45,345	46,787	821,083	913,215
Creditors due after one year			710878		(710878
		45,345	(664,091)	845,479	226,733

31"3uly	2	023 the following operating l	ease payments are committe	d to be paid	d to be paid
			Assets	Other Than Land 8 Buildings
			2023		2022
Expiring:			f.		f
Within	1	year		0	4,662
Within	2	to 5 years	22392		12972
			22392		16734

				Unrestricted
				General Funds	Restricted	Designated
					Funds	Funds	Total 2022
			Note	I	I	E	E
INCOME AND ENDOWMENTS		FROM:
Donations and Grants
Block Grant				1,498,100	300,000		1,798,100
Sports Grant				89,800			89,800
Other Grants						39,350	39,350
Charitable Activities
Student Social Venues				232,757			232,757
Student Activities				7,056		55,244	62,300
Advice and Representation				4,000			4,000
Communications and Marketing				25,209			25,209
Other				55 308			55 372
Total Income				1912230	300064	94594	2 306888
EXPENDITURE ON:
Charitable Activities
Student Social Venues				406,509	57,466	80,302	544,277
Student Activities				354,343	75,751	49,032	479,126
Advice and Representation				708,724	94,036		802,760
Communications and Marketing				271,008	33,957		304,965
Revaluation of Pension	Provision					19140	19140
Total Expenditure				1740 584	261210	148474	2 150268
Net Income/(Expenditure)				171,646	38,854	(53,880)	156,620
Transfer between Funds				48 612		48 612
Net movement in funds				123034	38854	5 268	156620
Reconciliation of Funds
Total Funds brought forward				722 445	6491	658 823	70 113
Funds Carded Forward				845 479	45,345	664091	226 733