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|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|
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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 &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.|||||||||||||
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||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|
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||||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;|
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|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)|
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|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|
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|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|
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|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|
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|||||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|