## 

||||Page||
|---|---|---|---|---|
|Report ofthe|Trustees|1|to|8|
|Report ofthe|Independent<br>Auditors|9|to|11|
|Consolidated|Statement of Financial Activities||||
|Consolidated|and Charity Balance Sheet||||
|Consolidated|Cash Flow Statement||14||
|Notes to the|Financial Statements|15|to|27|





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|1148990|1148990|||||||||
|---|---|---|---|---|---|---|---|---|---|
|Registered||office||||||||
|Central<br>Union Office||||||||||
|Cardiff Metropolitan|||University|||||||
|Cyncoed|Campus,||Cyncoed Road|||||||
|CARDIFF||||||||||
|CF23 6XD||||||||||
|Trustees||||||||||
|W Fuller<br>VGonavaram|||Chief Executive <br>President<br>from||Officer from 01/07/2022<br> 01/08/2021 to 31/07/2023||Appointed<br>01/07/2022<br>Resigned 31/07/2023|||
|N Roach|||President|from|01/08/2023; Vice President|from|Appointed|01/08/2022||
||||01/08/2022|||||||
|A Milburn||||||||||
|N Wrigley|||Vice President||until 31/07/2022||Resigned 31/07/2022|||
|N Evans|||||||Appointed|01/09/2022;|Resigned|
||||||||30/06/2023;<br>Appointed|||
||||||||19/09/2023|||
|G Cayley|||||||Appointed|01/09/2022;|Resigned|
||||||||30/06/2023|||
|M Partington|||||||Appointed|01/09/2022;|Resigned|
||||||||30/06/2023|||
|C Burrage|||||||Appointed|01/09/2022;|Resigned|
||||||||14/11/2022|||
|E Drake|||||||Appointed|01/09/2022;|Resigned|
||||||||30/06/2023|||
|H Mirfin|||||||Appointed|01/09/2022;|Resigned|
||||||||30/06/2023|||
|EBoLeung|||||||Appointed|20/10/2023;|Resigned|
||||||||30/06/2023|||
|R Viswanathan|||Vice President||from 01/07/2023||Appointed|01/07/2023||
|BBunce|||||||Appointed|26/09/2023||
|BMcSpadden|||||||Appointed|19/09/2023||
|ESeal|||||||Appointed|19/09/2023||
|D Evans-Hughes|||||||Appointed|19/09/2023||
|F Flynn|||||||Appointed|19/09/2023||
|Company|secretary|||||||||
|SBradley||||||||||
|Auditors||||||||||
|MHA||||||||||
|Statutory|Auditor|||||||||
|Elfed House||||||||||
|Oak Tree|Court|||||||||
|CARDIFF||||||||||
|CF23 BRS||||||||||





## 

## 




## 



## 



## 

||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|Funds|
|||||Notes|||||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations<br>and legacies|||||886,568|69,186|955,754|968,429|
|Charitable<br>activities|||||||||
|Provision of recreational|and leisure facilities||||538,594||538,594|522,549|
|Provision ofsocial activities|||||463,794||463,794|364,770|
|Other trading<br>activities|||||103,873|19,539|123,412|99,862|
|Investment<br>income|||||2,184||2,184|68|
|Other income|||||91||91|1 916|
|Total|||||1,995,104|88,725|2,083,829|1,957,594|
|EXPENDITURE ON|||||||||
|Raising funds|||||4,578||4,578|2,401|
|Charitable<br>activities|||||||||
|Provision of recreational|and leisure facilities||||935,714|67,039|1,002,753|888,297|
|Provision ofsupport services|||||361,376|5,318|366,694|372,342|
|Provision ofsocial activities|||||694,157|6,600|700,757|665 123|
|Total|||||1,995,825|78,957|2,074,782|1,948,163|
|NET INCOME|||||(721)|9,768|9,047|9,431|
|Transfer between<br>funds|||||15,086|(15,086)|||
|Unwinding<br>ofdiscounted|pension||provision||(37,081)||(37,081)|(25,127)|
|Net incomel(expenditure)||for the year|||(22,716)|(5,318)|(28,034)|(15,696)|
|RECONCILIATION<br>OF FUNDS|||||||||
|Total funds brought<br>forward|||||(113,319)|9,047|(104,272)|(88,576)|
|TOTAL FUNDS CARRIED||FORWARD|||~136.035)|3,729|~132,306)|~104272)|





## 

||||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|---|
||||Notes|2023<br>f||2022|2023||2022|
|FIXEDASSETS||||||||||
|Tangible assets|||15|52,147||45,496|52,147||45,496|
|Investments|||16||||4||4|
|||||52,147||45,496|52,151||45,500|
|CURRENT ASSETS||||||||||
|Stocks|||17|20,834||20,267|20,834||20,267|
|Debtors: amounts|falling due within|one year|18|33,863||60,977|38,811||75,690|
|Cash at bank||||432,839||532 939|343,607||437 264|
|||||487,536||614,183|403,252||533,221|
|CREDITORS||||||||||
|Amounts<br>falling due within one year|||19|(167,066)||(259,197)|(159,613)||(250,918)|
|NET CURRENT ASSETS||||320470||354,986|243,639||282,303|
|TOTAL ASSETS LESSCURRENT||LIABILITIES||372,617||400,482|295,790||327,803|
|PENSION LIABILITY||||(504,923)||(504,754)|(504,923)||(504,754)|
|NET ASSETS/(LIABILITIES)||||(1~32306||~104,272|(2~09 133||(176,951)|
|FUNDS|||21|||||||
|Unrestricted<br>funds:||||||||||
|General<br>fund and designated<br>Pension reserve||funds||368,888<br>~504 923||391,435<br>~504?54|292,061<br>~504 923||318,756<br>~504 754|
|||||(136,035)||(113,319)|(212,862)||(185,998)|
|Restricted funds||||3,729||9,047|3,729||9047|
|TOTAL FUNDS||||(~132,306||104,272|(2~D9 133||(176.951)|





## 

||||||||2023|2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|f|||F|
|Cash flows from operating||activities:|||||||||
|Cash generated<br>from operations|||||||~75|772)||~76619)|
|Net cash provided<br>by (used in) operating|||||||||||
|activities|||||||~75.772)|||~76.619)|
|Cash flows from investing||activities:|||||||||
|Purchase<br>oftangible<br>fixed assets|||||||(26,512)|||(21,937)|
|Sale of|tangible<br>fixed assets||||||||||
|Interest|received||||||2,184|||68|
|Net cash provided<br>by (used in) investing|||||||||||
|activities|||||||~24,328)|||~21,869)|
|Change|in cash and cash|equivalents||in the|||||||
|reporting<br>period|||||||(100,100)|||(98,488)|
|Cash and cash equivalents<br>at the|||beginning||of||||||
|the reporting<br>period|||||||532,939|||631,427|
|Cash and cash equivalents<br>at the|||end|ofthe|||||||
|reporting<br>period|||||||432,839|||532,939|
||RECONCILIATION|OF NET INCOME/(EXPENDITURE)|||||TO NET CASH FLOW FROM||OPERATING|ACTIVITIES|
||||||||||2023|2022|
||Net income/(expenditure)||for the reporting|||period (as|per the statement||||
||offinancial activities)||||||||9,047|9,431|
||Adjustments<br>for:||||||||||
||Depreciation<br>charges||||||||19,861|16,411|
||Profit on disposal offixed assets||||||||||
||Interest received||||||||(2,184)|(68)|
||Decrease/(increase)|in stocks|||||||(567)|(11,764)|
||Decrease/(increase)|in debtors|||||||27,114|13,615|
||Increase/(decrease)|in creditors|||||||(92,131)|(69,447)|
||Difference between|pension|charge and||cash contributions|||~36,912)||~34,797)|
||Net cash provided|by (used in)||operating||activities||~75,772)||~76,619)|
||ANALYSIS OF CHANGES||IN NET FUNDS||||||||
||||||||At 1/7/22|Cash flow||At 30/6/23|
||||||||F|||E|
||Net cash||||||||||
||Cash at bank and|in hand|||||532 939||100,100|432,839|
||||||||532,939||100,100|432,839|
||Total||||||||||





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## 

||||||2023|2022|
|---|---|---|---|---|---|---|
|||||||F|
|Fundraising<br>income|||||1,119|1,243|
|Trading<br>income -|subsidiary||||92,264|90,594|
|Sponsors<br>hips|||||18,420|4,500|
|Minibus<br>and car hire recharge|||||5,877|3,494|
|Other income||||||31|
|Room hire income|||||5,732||
||||||123,412|99862|
|INVESTMENT INCOME|||||||
||||||2023|2022f|
|Deposit account interest|||||2,184|68|
|INCOME FROM CHARITABLE||ACTIVITIES|||||
||||||2023|2022|
|||Activity|||||
|SU Sport income||Provision|of recreational|and leisure facilities|129,942|115,174|
|Clubs 8 Societies|income|Provision|of recreational|and leisure facilities|408,652|407,375|
|Shop income||Provision|ofsocial activities||136,419|60,744|
|Bar income||Provision|ofsocial activities||152,186|117,084|
|Catering<br>income||Provision|ofsocial activities||151,660|152,472|
|Amusements<br>income||Provision|ofsocial activities||991|4,209|
|ENTS department|income|Provision|ofsocial activities||22,538|30,261|
||||||1,002,388|887,319|



## 

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## 

## 

## 

## 

|||||||Support||
|---|---|---|---|---|---|---|---|
||||||Direct|costs (see||
||||||Costs|note 10)|Totals|
||||||||F|
|Provision ofrecreational<br>and leisure facilities<br>Provision ofsupport services|||||860,705<br>224,851|142,048<br>141,843|1,002,753<br>366,694|
|Provision ofsocial activities|||||581,795|118962|700,757|
||||||1,66?.351|402,853|2.070204|
|SUPPORT|COSTS|||||||
||||Staff|||Governance||
||||costs|Other|Depreciation|costs|Totals|
|Provision|of recreational|||||||
|and leisure facilities|||80,508|52,744|2,681|6,115|142,048|
|Provision|ofsupport|||||||
|services|||65,443|68,405|2,437|5,558|141,843|
|Provision|ofsocial activities||89,262|18,839|3,006|7 855|118962|
||||235,213|139,988|8 124|19,528|402 853|



## 

## 

|||2023|2022|
|---|---|---|---|
||||F.|
|Auditors'|remuneration|7,158|7,982|
|Depreciation - owned assets||19,861|16,411|



## 

## 

||2023|2022|
|---|---|---|
|Name||F|
|V Gonavaram|20,368|17,335|
|N Wrigley|1,608|17,690|
|K Davies||1,608|
|M Pavuluri||1,576|
|N Roach|18,959||





## 

## 

## 

|STAFF COSTS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023<br>f|||2022<br>F|
|Wages and salaries||||||902,652|||900,027||
|Social security costs||||||57,292||||48,596|
|Pension costs||||||24,062||||16,092|
|||||||984,006|||964715||
|The average<br>number ofemployees<br>during the year was||||as follows:|||||||
||||||||2023|||2022|
|Average<br>number ofmonthly|employees|||||||37||35|
|Average<br>number of fortnightly|employees|||||||75||59|
|||||||||112||94|
|During the year ended 30June 2023 the full-time|||equivalent<br>number||ofstaff employed||was 62 (2022:||54).||
|The number ofemployees whose emoluments||amounted||to a rate of|over F60,000|during the year were||||as follows:|
|||||||||2023||2022|
|||||||||No.||No.|
|F60,001 - F70,000||||||||1||1|
|F80,001 - F90,000||||||||||1|
|Pension contributions||||||||F6,500|F12,218||
|Total remuneration<br>paid to key management||personnel||in the year was F189,596(2022:2252,540).|||||||
|COMPARATIVES<br>FOR THE STATEMENT OF|||FINANCIAL ACTIVITIES —YEAR|||END||30JUNE 2022|||
||||||2022|||2022||2022|
||||||Unrestricted||Restricted|||Total|
||||||funds|||funds||funds|
|||||||||F||F|
|INCOME AND ENDOWMENTS<br>FROM|||||||||||
|Donations<br>and legacies|||||958,429|||10,000||968,429|
|Charitable<br>activities|||||||||||
|Provision of recreational<br>and|leisure facilities||||||||||
||||||522,549|||||522,549|
|Provision ofsocial activities|||||364,770|||||364,770|
|Other trading<br>activities|||||94,119|||5,743||99,862|
|Investment<br>income|||||68|||||68|
|Other income|||||1 916|||||1 916|
|Total|||||1,941,851|||15,743|1,957,594||





## 

## 

## 

|.|COMPARATIVES FOR|THE STA|TEMENT OF FINANCIAL|ACTIVITIES -continue|d||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
||EXPENDITURE ON||||||
||Raising funds<br>Charitable<br>activities|||2,401||2,401|
||Provision ofrecreational<br>and leisure facilities<br>Provision ofsupport services<br>Provision ofsocial activities|||882,554<br>371,389<br>685,123|5,743<br>953|888,297<br>372,342<br>685,123|
||Total|||1,941,46?|6,696|1,948,163|
||NET INCOME|||384|9,047|9,431|
||Other recognised<br>gainsl(losses)||||||
||Unwinding<br>ofdiscounted|pension|provision|~25 127)||~25,127)|
||Net movement<br>in funds|||(24,743)|9,047|(15,696)|
||RECONCILIATION<br>OF FUNDS||||||
||Total funds brought forward|||(88,576)||(88,576)|
||TOTAL FUNDS CARRIED FORWARD|||~113,319)|9,047|~104,272)|
|15.|TANGIBLE FIXEDASSETS-||Group and Charity||||
||||||Bars 8|Office|
|||||Sports|Shops|fixtures|
|||||Equipment|fittings|&fittings|
||COST|||||E|
||At 1 July 2022<br>Additions|||775|300,431<br>15,686|13,818|
||At 30June 2023|||775|316,117|13,818|
||DEPRECIATION||||||
||At 1 July 2022<br>Charge for year|||113<br>194|274,703<br>11737|12,311<br>619|
||At 30June 2023|||307|286,440|12,930|
||NET BOOK VALUE||||||
||At 30June 2023|||468|29,677|888|
||At 30June 2022|||662|25 726|1,507|





## 

## 

|TANGIBLE FIXEDASSETS —Group and Charity|TANGIBLE FIXEDASSETS —Group and Charity|-continued|||||
|---|---|---|---|---|---|---|
||||Motor|Computer|||
||||vehicles|equipment|Totals||
||||F|F|||
|COST|||||||
|At 1 July 2022|||26,699|22,135|363,858||
|Additions||||10,826|26|512|
|At 30June 2023|||26 699|32,961|390370||
|DEPRECIATION|||||||
|At 1 July 2022|||13,262|17,973|318,362||
|Charge for year|||3,750|3,561|19,861||
|At 30June 2023|||17,012|21,534|338223||
|NET BOOK VALUE|||||||
|At 30June 2023|||9,687|11,427|52|147|
|At 30June 2022|||13,437|4 162|45|496|
|FIXEDASSET INVESTMENTS - Charity|||||||
||||||Shares|in|
||||||group||
||||||undertakings||
|MARKET VALUE|||||||
|At 1 July 2022 and 30June 2023|||||||
|NET BOOK VALUE|||||||
|At 30June 2023||||||4|
|At 30June 2022||||||4|
|There were no investment|assets outside the UK.||||||



|17.|STOCKS|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||F|F|
||Stocks|||||20 834|20267|
|18.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
|||||Group|Group|Charity|Charity|
|||||2023|2022|2023|2022|
|||||F|F|F|F|
||Trade debtors|||18,373|30,844|1,873|25,552|
||Other debtors|||987||987||
||Amount due from group||undertakings|||21,448|20,005|
||Prepayments|and accrued income||14,503|30 133|14503|30 133|
|||||33,863|60,977|38,811|75,690|





## 

## 

|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
||||F|||
|Trade creditors||15,445|51,341|15,445|51,341|
|Social security and other taxes||15,070|39,085|15,070|39,085|
|VAT||8,830|9,624|5,977|7,687|
|Other creditors||42,763|42,533|42,763|36,191|
|Accruals and deferred|income|84,958|116,614|80,358|116614|
|||167,066|259 197|159,613|25D 918|



|||||2023|2022|
|---|---|---|---|---|---|
|||||F||
|Private|hire bookings|||3,742|2,304|
|Other|advance|income||32,002|20,002|
|Castell|Howell|funding||14,286|21,429|
|Welsh|Government<br>Winter Wellbeing||grant|5,760|38,434|
|||||55.79D|82,169|



## 

|Minimum<br>lease payments<br>under non-cancellable<br>operating|leases fall due as follows:||
|---|---|---|
||2023|2022|
||F||
|Within one year|21,988|26,863|
|Between one and five years|31 116|41,184|
||53,104|68,047|





## 

## 

## 

|MOVEMENT<br>IN FUNDS||||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/7/22<br>F|in funds<br>F|funds<br>f|30/6/23<br>F|
|Unrestricted<br>funds||||||||
|General<br>fund||||181,079|39,601|(21,826)|198,854|
|Pension reserve||||(504,754)|(37,081)|36,912|(504,923)|
|Designated<br>fund: Women's|football club|||24,795|5,720||30,515|
|Designated<br>fund: Men's football|||dub|185,561|~46.042)||139,519|
|||||(113,319)|(37,802)|15,086|(136,035)|
|Restricted funds||||||||
|Changing<br>the culture —Funding|||for Interns|9,047|(5,318)||3,729|
|Centro —new equipment|||||15,086|(15,086)||
|TOTAL FUNDS||||~104272)|~2S,034)||~132,306)|
|Net movement<br>in funds, induded|||in the above are as follows:|||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||F|F|||
|Unrestricted<br>funds||||||||
|General<br>fund||||1,698,149|(1,658,548)||39,601|
|Pension reserve||||||(37,081)|(37,081)|
|Designated<br>fund: Women's<br>football club<br>Designated<br>fund: Men's football club||||26,702<br>270 253|(20,982)<br>~316.295)||5,720<br>~46,042)|
|||||1,995,104|1,995,825|(37,081)|(37,802)|
|Restricted funds||||||||
|Clubs and societies||||19,539|(19,539)|||
|Changing<br>the culture —Funding|||for Interns||(5,318)||(5,318)|
|Cost of living staff payments||||27,500|(27,500)|||
|Governance<br>review||||20,000|(20,000)|||
|Period dignity<br>fund||||6,600|(6,600)|||
|Centro —new equipment||||15,086|||15,086|
|||||88,725|78,957||9,768|
|TOTAL FUNDS||||2,083829|~2074 782)|~37081)|~28 034)|
|Comparatives<br>for movement||in funds||||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/7/21|in funds|funds|30/6/22|
|||||F|F|F||
|Unrestricted<br>funds||||||||
|General<br>fund||||187,396|28,480|(34,797)|181,079|
|Pension reserve||||(514,424)|(25,127)|34,797|(504,754)|
|Designated<br>fund: Women's|football club|||7,914|16,881||24,795|
|Designated<br>fund: Men's football|||club|230,538|~44.977)||185,561|
|||||(88,576)|(24,743)||(113,319)|
|Restricted funds||||||||
|Changing<br>the culture —Funding|||for interns||9,047||9,047|
|TOTAL FUNDS||||~88 576)|15696|||





## 

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## 


## 

## 



## 

## 

## 

## 

|ANALY|SIS OF GROUP NET ASSETS BETWEEN|FUNDS||||
|---|---|---|---|---|---|
||||Restricted|Unrestricted||
||||funds|funds|Total|
||||||F|
|Fund balances at 30June 2023 are represented||by:||||
|Tangible|lixed assets|||52,147|52,147|
|Current|assets||3,729|483,807|487,536|
|Current|liabilities|||(167,066)|(167,066)|
|Pension|liability|||~504,923|(~504.923|
|Total net assets/(liabilities)|||3,729|~136,035|~132,306|





## 

|A summary<br>of|the|results ofthe subsidiary<br>for the year is shown<br>below:||
|---|---|---|---|
||||P|
|Turnover|||92,264|
|Cost ofsales|||(888)|
|Gross profit|||91,376|
|Administrative|expenses||(15,854)|
||||75,522|
|Other operating|income|||
||||75,522|
|Interest receivable||and similar income|537|
|PROFIT ON ORDINARY ACTIVITIES BEFORETAXATION|||76,059|
|Taxation||||
|PROFIT FOR|THE FINANCIAL YEAR||76,066|
|The aggregate|ofthe assets, liabilities and funds was:|||
|Assets|||105,732|
|Liabilities|||(28,901)|
|Funds|||76631|