| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details ofthe Company, | its Trustees and Advisers | ||
| Trustees' Report |
||||
| Independent Auditors' |
Report | on the Financial Statements | 9-11 | |
| Statement ofFinancial | Activities | 12 | ||
| Balance Sheet | 13 | |||
| Statement ofCash Flows | 14 | |||
| Notes to the Financial | Statements | 15 - 28 |
| Trustees | R Winkler (resigned | 20 | September 2019) | |||
|---|---|---|---|---|---|---|
| JAppleby (resigned |
30 | June 2020) | ||||
| N Hodson (resigned |
20 | September 2019) | ||||
| R Hall (resigned 30 | June 2020) | |||||
| M Hooper (resigned | 30 | June 2020) | ||||
| E Lewis, President | ||||||
| C Marsland (resigned 20 September 2019) |
||||||
| A Spencer (resigned 20 September 2019) | ||||||
| T Bond (appointed | 1 January 2020, resigned | 25 June 2020) | ||||
| N Dodd (appointed | 2 January 2020) | |||||
| K Dar (appointed 2 |
January 2020) | |||||
| C Dignall (appointed | 2 January 2020, resigned | 30June 2020) | ||||
| YRuane (appointed | 2 January 2020, resigned | 30June 2020) | ||||
| H Doon (appointed | 2 January 2020) | |||||
| V Pritchard (appointed 15January 2020) |
||||||
| D Forrester (appointed | 1 July 2020) | |||||
| J Rankin (appointed | 1 July 2020) | |||||
| L Singer (appointed | 1 July 2020) | |||||
| JSanderson (appointed |
1 July 2020) | |||||
| C Roberts (appointed 1 |
July 2020) | |||||
| SDerbyshire (appointed |
1 July 2020) | |||||
| Company | registered | |||||
| number | 07623621 | |||||
| Charity registered | ||||||
| number | 1149397 | |||||
| Registered | office | Chester Students' Union |
||||
| Parkgate Road | ||||||
| Chester | ||||||
| CH1 4BJ | ||||||
| Senior management | JWhelan, CEO (resigned 20 December 2019) | |||||
| team | M Webber, CEO (appointed 6 January 2020) |
|||||
| Independent | auditors | Dains LLP | ||||
| Statutory Auditor |
||||||
| Chartered Accountants |
||||||
| Suite 2, Albion House | ||||||
| 2 Etruria Office Village | ||||||
| Forge Lane | ||||||
| Stoke on Trent | ||||||
| Staffordshire | ||||||
| ST1 5RQ |
| Unrestricted | Total | Toial | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2020 | 2020 | 2019 | |||
| Note | E | ||||
| Income from: | |||||
| Donations and legacies |
3 | 463,080 | 463,080 | 445,983 | |
| Charitable activities |
4 | 51,146 | 51,146 | 129,049 | |
| Other trading activities |
5 | 724,33f | |||
| Investments | 6 | 94 | 94 | 412 | |
| Total income | 514,320 | 514,320 | 1,299,775 | ||
| Expenditure on: |
|||||
| Raising funds | 733,929 | ||||
| Charitable activities |
7 | 451,545 | 451,545 | 682,580 | |
| Total expenditure | 451,545 | 451,545 | 1,4f6,509 | ||
| Net movement in funds |
62,775 | 62,775 | (ff6,734) | ||
| Reconciliation offunds: |
|||||
| Total funds brought | forward | 91,343 | 91,343 | 208,077 | |
| Net movement in funds |
62,775 | 62,775 | (f16,734) | ||
| Total funds carried forward | 154,118 | 154,118 | 91,343 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| 6 | ||||||||
| Cash flows from operating | activities | |||||||
| Net cash | used | in operating | activities | 100,726 | (140,629) | |||
| Cash flows from investing | activities | |||||||
| Proceeds | from | the sale oftangible fixed |
assets | 15,308 | ||||
| Purchase | of tangible fixed assets |
(783) | (6,697) | |||||
| Net cash | (used | in)/provided | by investing | activities | (783) | 8,611 | ||
| Change | in cash and cash | equivalents | in | the year | 99,943 | (132,218) | ||
| Cash and | cash | equivalents | at the beginning | ofthe year | 37,985 | 170,203 | ||
| Cash and cash | equivalents | at the end | of | the year | 137,928 | 37,985 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2020 8 |
2020 8 |
2020f | |
| Donations | |||
| Grants | 463,080 | 463,080 | |
| 463,080 | 463,080 | ||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2019 | 2019 | 2019 | |
| 5 | |||
| Donations | 271 | 271 | |
| Grants | 445,712 | 445,712 | |
| 271 | 445,712 | 445,983 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2020 | 2020 | |
| Sports 8 Societies | ||
| Advice &Representation | ||
| Sponsorship Income |
15,750 | 15,750 |
| Freshers Income | 32,932 | 32,932 |
| Sale ofAssets | 2,364 | 2,364 |
| Membership Income |
100 | 100 |
| 51,146 | 51,145 | |
| Restricted | Total | |
| funds | funds | |
| 2019 | 2019 | |
| Sports &Societies | 128,162 | 128,162 |
| Advice &Representation | 887 | 887 |
| 129,049 | 129,049 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2019 | 2019 |
| 724,331 | 724,331 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020 | 2020 | |||
| 5 | E | |||
| Bank | interest | received | 94 | 94 |
| Unrestricted | Total | |||
| funds | funds | |||
| 2019 | 2019 | |||
| Bank | interest | received | 412 | 412 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020f | 2020 5 |
|||
| Improvement | ofStudent Experience | 451,545 | 451,545 | |
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2019 6 |
2019f | 2019 | ||
| Sports 5Societies | 3,065 | 352,115 | 355,180 | |
| Advice &Representation | 6,138 | 321,263 | 327,401 | |
| 9,203 | 673,378 | 682,581 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2020 | 2020 | 2020 | ||
| 6 | ||||
| Improvement | of Student Experience | 13,666 | 437,879 | 451,545 |
| Activities | ||||
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2019 | 2019 | 2019 | ||
| Sports &Societies | 133,528 | 221,651 | 355,179 | |
| Advice &Representation | 327,401 | 327,401 | ||
| 460,929 | 221,651 | 682,581 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2020f | 2019 | |
| Staff costs | 234,771 | |
| Depreciation | 41 | |
| Purchases | 226,117 | |
| Events 8 Campaigns | 9,396 | |
| Student Advice | 371 | |
| Student Activities | 3,898 | |
| 13,666 | 460,929 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020 | 2019 | |||
| 6 | ||||
| Staff costs | 331,569 | 110,943 | ||
| Depreciation | 2,099 | 2,865 | ||
| Insurance | 10,746 | 1,150 | ||
| ITcosts | 13,529 | 7,325 | ||
| Staff Training | 8,730 | 566 | ||
| Technology Costs | 498 | 2,361 | ||
| Legal 8 Professional | Fees | 23,094 | 33,220 | |
| Miscellaneous | Expenditure | 43,613 | 57,721 | |
| Governance | Costs | 4,000 | 5,500 | |
| 437,879 | 221,651 |
| Net inco | me/( | expenditure) | ||
|---|---|---|---|---|
| 2020 F |
2019 f |
|||
| Depreciation | oftangible fixed assets: | |||
| - owned | by | the charity | 2,100 | 17,280 |
| Auditors' | remuneration | 4,000 | 6,000 | |
| Operating | lease rentals | 15000 | 15000 | |
| 21,100 | 38,280 |
| Staff costs | ||
|---|---|---|
| 2020 | 2019 | |
| 5 | ||
| Wages and salaries | 306,027 | 572,978 |
| Social security costs | 16,533 | 29,447 |
| Other pension costs | 5,009 | 6,009 |
| 331,569 | 608,434 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| No. | No. | |||
| Sabatical | Officer | Trustees | 4 | |
| Managers | 5 | |||
| Staff | 55 | |||
| 15 | 64 |
| Fixtures and | Office | Computer | ||
|---|---|---|---|---|
| fittings | equipment | equipment | Total | |
| 6 | ||||
| Cost or valuation | ||||
| At 1 August 2019 | 27„893 | 24,664 | 52,557 | |
| Additions | 783 | 783 | ||
| At 31 July 2020 | 27,893 | 783 | 24,664 | 53,340 |
| Depreciation | ||||
| At 1 August 2019 | 27,893 | 19,862 | 47,755 | |
| Charge for the year | 157 | 1,943 | 2,100 | |
| At31 July2020 | 27,893 | 157 | 21,805 | 49,855 |
| Net book value | ||||
| At31 July2020 | 626 | 2,859 | 3,485 | |
| At 31July 2019 | 4,802 | 4,802 |
| 2020 | 2019 | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 3,948 | 78,558 | |
| Other debtors | 862 | 320 | |
| Prepayments | and accrued income | 40,423 | 21,747 |
| 46,233 | 100,625 |
| 2020 | 2019 | |
|---|---|---|
| 6 | ||
| Trade creditors | 10,992 | 11,202 |
| Other taxation and social security | 9,306 | 12,198 |
| Other creditors | 8,231 | 8,827 |
| Accruals | 4,000 | 19,843 |
| 32,629 | 52,070 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| 6 | ||||||
| Financial | assets | |||||
| Financial | assets measured | at fair value through | income and expenditure | 137,928 | 37,985 | |
| Financial | assets measured | at amortised | cost | 4,810 | 78,878 | |
| 142,738 | 116,863 | |||||
| 2020 | 2019 | |||||
| Financial | liabilities | |||||
| Financial | liabilities measured | at amortised | cost | 32,629 | 42,867 |
| Balance at 1 | Balance at | |||||
|---|---|---|---|---|---|---|
| August 2019 | Income 6 |
Expenditure 6 |
31July 2020 f |
|||
| Unrestricted funds |
||||||
| General | Funds | 91,343 | 514,320 | (451,545) | 154,1'I8 | |
| Statement offunds - prior year | ||||||
| Balance at | ||||||
| 1August | Transfers | Balance at | ||||
| 2018 | Income | Expenditure | inlout | 31Ju/y 2019 | ||
| Unrestricted funds |
||||||
| General | Funds | 206,077 | 725,014 | (743,132) | (98,616) | 91,343 |
| Restricted funds | ||||||
| Student | services | 574,761 | (673,377) | 98,616 | ||
| Total of | funds | 208,077 | 1,299,775 | (1,416,509) | 91,343 |
| Analysis | ofn | et assets between funds - current pe |
riod | |
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2020 | 2020 | |||
| F | ||||
| Tangible | fixed | assets | 3,486 | 3,486 |
| Current | assets | 183,161 | 183,161 | |
| Creditors | due | within one year | (32,529) | (32,529) |
| Total | 154,118 | 154,118 |
| Analysis | of n | et assets between funds - prior perio |
d | |
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2019 | 2019 | |||
| Tangible | fixed | assets | 4,802 | 4,802 |
| Current | assets | 138,811 | 138,611 | |
| Creditors | due | within one year | (52,070) | (52,070) |
| Total | 91,343 | 91,343 |
| 19. | Reconciliation of |
Reconciliation of |
net | net | movement | movement | in funds to net | in funds to net | cash flow | from operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||||
| 8 | ||||||||||||
| Net income/expenditure |
for | the | period | (as per | Statement | of Financial | ||||||
| Activities) | 52,775 | (116,734) | ||||||||||
| Adjustments | for: | |||||||||||
| Depreciation | charges | 2,100 | 17,280 | |||||||||
| Loss/(profit) | on the | sale offixed assets | (3,483) | |||||||||
| Decrease in |
stocks | 34,081 | ||||||||||
| Decrease/(increase) | in | debtors | 55,392 | (16,372) | ||||||||
| Decrease in |
creditors | (19,541) | (55,601) | |||||||||
| Net cash provided | by/(used | in) | operating | activities | 100,728 | (140,829) | ||||||
| 20. | Analysis of | cash and | cash equivalents | |||||||||
| 2020 | 2019 | |||||||||||
| 8 | ||||||||||||
| Cash in hand |
137,928 | 37,985 | ||||||||||
| Total cash and cash | equivalents | 137,928 | 37,985 |
| At | 1 | August | At | 31July | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 | Cash | flows | 2020 | |||||||||
| 5 | 5 | |||||||||||
| Cash | at | bank | and | in | hand | 37,985 | 99,943 | 137,928 | ||||
| 37,985 | 99,943 | 137,928 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| 5 | ||||||
| Not | later | than | 1 | year | 15,000 | 15,000 |