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||||Page|
|---|---|---|---|
|Reference and Administrative
Detaiis of the Company,||its Trustees and Advisers||
|Trustees'
Report|||2-6|
|Trustees'
Responsibilities|Statement|||
|independent
Examiner's|Report||8-9|
|Statement of Financial Activities|||10|
|Balance Sheet||||
|Statement ofCash Flows|||12|
|Notes to the Financial Statements|||13-25|
##
|Trustees||L Friel, VP Education
until 30June 2022- President|L Friel, VP Education
until 30June 2022- President|from 1|July 2022|
|---|---|---|---|---|---|
|||K Dar
J Farley-Moss,
VP Acticities|until 30June 2022 -VP|Student|Life from 1 July 2022|
|||J Sanderson||||
|||BAllsop (appointed
21 April 2022)
L Garnett,
VP Education
from 1 July 2022 (appointed||1 July|2022)|
|||E Goodridge
(appointed
21|April 2022)|||
|||M Trevor (appointed
21 April 2022)||||
|||0 Kasper-Hope
(appointed|21 April 2022)|||
|||H Doon (resigned
11 December 2021)||||
|||V Pritchard
(resigned
11 December 2021)||||
|||J Rankin,
President
until 30June 2022 (resigned 30June 2022)
SDerbyshire,
VP Warrington
until 30June 2022 (resigned 30June 2022)
G Abbas, VP Shrewsbury
until 30June 2022 (resigned 30June 2022)||||
|||N Dodd (resigned
11 December 2021)||||
|||D Tromans
(resigned
31 July 2022)||||
|Company
number|registered|07623621||||
|Charity registered
number||1149397||||
|Registered|office|Chester Students'
Union||||
|||Parkgate
Road||||
|||Chester||||
|||CH1 4BJ||||
|Senior management||M Webber, CEO||||
|team||A Godolphin,
Deputy CEO||||
|Accountants||Dains Audit Limited||||
|||Suite 2, Albion House||||
|||2 Etruria Office Village||||
|||Forge Lane||||
|||Stoke on Trent||||
|||Staffordshire||||
|||ST1 5RQ||||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
||||Note|||||
|Income from:||||||||
|Donations
and|legacies|||521,181|26,481|547,662|465,228|
|Charitable
activities||||18,432||18,432|20,493|
|Investments||||19||19|41|
|Total income||||539,632|26,481|566,113|485,762|
|Expenditure
on:||||||||
|Charitable
activities||||540,653|26,481|567)134|478,946|
|Total expenditure||||540,653|26,481|567,134|478,946|
|Net movement|in funds|||(1,021)||(1,021)|6,816|
|Reconciliation|offunds;|||||||
|Total funds
brought||forward||160,934||160,934|154,118|
|Net movement|in funds|||(1,021)||(1,021)|6,816|
|Total funds carried forward||||159,913||159,913|160,934|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|Cash flows from operating||activities|||||
|Net cash|used
in operating|activities|||33,802|(51,198)|
|Cash flows from investing||activities|||||
|Purchase|oftangible
fixed assets||||(14,131)|(2,758)|
|Net cash|used
in investing|activities|||(14,131)|(2,758)|
|Change|in cash and cash|equivalents|in|the year|19,671|(53,956)|
|Cash and|cash equivalents|at the beginning||ofthe year|83,972|137,928|
|Cash and cash equivalents||at the end|of|the year|103,643|83,972|
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|Office equipment|- 20% on a straight|line basis|
|---|---|---|
|Computer
equipment|- 20% on a straight|line basis|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022|2022|
|Donations|||5||5|
|Grants|||521,176|26,481|547,657|
||||521,181|26,481|547,662|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021|2021|
|Donations||||5|5|
|Grants||||465,223|465,223|
|||||465,228|465,228|
|Income from|charitable|activities||||
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
|||||F|F|
|Sponsorship|Income|||||
|Media sales||||18,432|18,432|
|||||18,432|18,432|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|Sponsorship
Media sales|Income|8,000
12,493|8,000
12,493|
|||20,493|20,493|
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||F||
|Bank|interest|received|||
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
|Bank|interest|received|41|41|
|Unrestricted|Restricted|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2022|
||P||
|540,653|26,481|567,134|
##
|6.|Analysis|ofexpenditure|ofexpenditure|on charitable|activities|(continued)||||
|---|---|---|---|---|---|---|---|---|---|
||Summary|by|fund type|(continued)||||||
|||||||||Unrestricted|Total|
|||||||||funds|funds|
|||||||||2021|2021|
||Improvement||ofStudent|Experience||||478,946|478,946|
|7.|Analysis|of expenditure||by activities||||||
||||||||Activities|||
||||||||undertaken|Support|Total|
||||||||directly|costs|funds|
||||||||2022|2022f|2022
E|
||Improvement||of Student|Experience|||42,692|524,442|567,134|
||||||||Activities|||
||||||||undertaken|Support|Total|
||||||||directly|costs|funds|
||||||||2021|2021|2021|
||Improvement||ofStudent|Experience|||19,709|459,237|478,946|
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022|2021|
||||||E||
|Summer|Ball||||10,481||
|Events 8 Campaigns|||||994|9,593|
|Student|Advice||||3,351|3,316|
|Student|Activities||||11,866|6,800|
|SERs|||||16,000||
||||||42,692|19,709|
|Analysis|of|support||costs|||
||||||Total|Total|
||||||funds|funds|
||||||2022|2021|
|Staff costs|||||452)160|374,612|
|Depreciation|||||4,125|1,500|
|Insurance|||||10,921|10,146|
|IT costs|||||4,088|6,006|
|Staff Training|||||7,534|12,588|
|Technology||Costs|||482|421|
|Legal 8|Professional|||Fees|21,066|23,708|
|Miscellaneous|||Expenditure||21,466|26,256|
|Governance|||Costs||2,600|4,000|
||||||524,442|459,237|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|Depreciation||of tangible|fixed assets:|||
|- owned|by|the charity||4,124|1,500|
|Auditors'|remuneration|||||
|Operating|lease rentals|||7,500|15,000|
|||||11,624|16,500|
##
||2022|2021|
|---|---|---|
||F||
|Wages and salaries|410,349|344,785|
|Social security costs|33,603|23,241|
|Other pension costs|8,208|6,586|
||452,160|374,612|
|2022|2021|
|---|---|
|No,|No.|
|20|18|
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||Fixtures and|Office|Computer||
|---|---|---|---|---|
||fittings|equipment|equipment|Total|
||||F||
|Cost or valuation
At 1 August 2021
Additions|27,893|783
1,513|27,423
'l2,618|56,099
14,131|
|At 31 July 2022|27,893|2,296|40,041|70,230|
|Depreciation
At 1 August 2021
Charge for the year|27,893|314
156|23,148
3,968|51,355
4,124|
|At 31 July 2022|27„893|470|27,116|55,479|
|Net book value|||||
|At 31 July 2022||1,826|12,925|14,751|
|At 31Ju/y 2021||469|4,275|4,744|
##
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|||2022|2021|
|---|---|---|---|
|Due within|one year|||
|Trade debtors|||5,707|
|Other debtors||5,607|4,426|
|Prepayments|and accrued income|70,637|92,842|
|||76,244|102,975|
##
|||||||||
|---|---|---|---|---|---|---|---|
|Creditors|: Amounts|falling due within||one year||||
|||||||2022f|2021|
|Trade creditors||||||19,987|12,097|
|Other taxation and social security||||||7,237|7,155|
|Other creditors||||||4,789|7,505|
|Accruals||||||2,712|4,000|
|||||||34,725|30,757|
|Financial|instruments|||||||
|||||||2022|2021|
|||||||E||
|Financial|assets|||||||
|Financial|assets measured||at fair value|through|income and expenditure|103,643|83,972|
|Financial|assets measured||at amortised|cost||5,607|10,133|
|||||||109,250|94,105|
|||||||2022|2021|
|Financial|liabilities|||||||
|Financial|liabilities measured||at amo~1ised cost|||34,725|30,757|
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|Statemen|t|of|funds - current year|||||
|---|---|---|---|---|---|---|---|
|||||Balance at 1|||Balance at|
|||||August 2021|Income|Expenditure|31 July 2022|
|||||E||E|E|
|Unrestricted|||funds|||||
|Reserves||||160,934|539,632|(540,653)|159,913|
|Restricted||funds||||||
|Summer|Ball||||10,481|(10,481)||
|SERs|||||16,000|(16,000)||
||||||26,481|(26,481)||
|Total of|funds|||160,934|566,113|(567„134)|159,913|
|Statement||of|funds - prior year|||||
|||||Balance at||||
|||||1 August
2020|income|Expenditure|Balance at
31July 2021|
|Unrestricted|||funds|||||
|Reserves||||154,118|485,762|(478,946)|160,934|
|17.|Analysis|of net assets between|funds||||
|---|---|---|---|---|---|---|
||Analysis|of net assets between|funds|-current year|||
||||||Unrestricted|Total|
||||||funds|funds|
||||||2022|2022|
||||||E|E|
||Tangible|fixed assets|||14,751|14,751|
||Current|assets|||179,887|179,887|
||Creditors|due within one year|||(34,725)|(34,725)|
||Tl||||159,913|159,913|
|Analysis|of n|et ass|ets|between
funds - prior year|||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021|2021|
|Tangible|fixed|assets|||4,744|4,744|
|Current|assets||||186,947|186,947|
|Creditors|due|within|one|year|(30,757)|(30,757)|
|Tl|||||160,934|160,934|
|18„|Reconciliation
of|net|movem|ent|in fun|ds|t|o net|cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|2021|
||Net
income/expenditure||for|the|year|(as||per|Statement|of Financial|||
||Activities)||||||||||(1,021)|6,816|
||Adjustments
for:||||||||||||
||Depreciation
charges||||||||||4,124|1,500|
||Decrease/(increase)|in|debtors||||||||26i731|(57,742)|
||Increase/(decrease)|in|creditors||||||||3,968|(1,772)|
||Net cash provided|by/(used||in)|operating||activities||||33,802|(51,198)|
|19.|Analysis ofcash|and|cash equivalents||||||||||
||||||||||||2022|2021|
||Cash in hand||||||||||'I03,643|83,972|
||Total cash and cash||equivalents||||||||103,643|83,972|
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