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|||||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|
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|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||||
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||||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|
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||||||||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|
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||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|
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||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|
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||||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|
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|||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|
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||||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|
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|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|
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|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|
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||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|
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|||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|
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||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|
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||||||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|
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||||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|
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|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|
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|||||||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|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||||5||
|Not|later|than|1|year|15,000|15,000|
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