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||||Page|
|---|---|---|---|
|Trustees'|annual
report|||
|Independent
auditor's||report to the members||
|Statement|offinancial|activities|13|
|Statement|offinancial|position|14|
|Statement|ofcash flows||15|
|Notes to the financial||statements|16|
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|Education Act 1994.|AUSU is devoted to the educational|AUSU is devoted to the educational|interests
and welfa|interests
and welfa|
|---|---|---|---|---|
|Auditor|Francis Gray Chartered||Accountants||
||Chartered|accountants|& statutory|auditor|
||Ty Madog||||
||32 Queens|Road|||
||Aberystwyth||||
||Ceredigion||||
||SY232HN||||
|Bankers|HSBC||||
||19Great Darkgate Street||||
||Aberystwyth||||
||Ceredigion||||
||SY23 1DE||||
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|F||6|F|
|Income and endowments||||||||
|Donations
and legacies|||4|1,128,293|23,100|1,151,393|1,073,105|
|Charitable
activities|||5|112,145|232,900|345,045|285,842|
|Other trading
activities|||6|65,482||65,482|18,999|
|Investment
income|||7|2,227||2,227|56|
|Total income||||1,308,147|256,000|1,564,147|1,378,002|
|Expenditure||||||||
|Expenditure
on charitable||activities|8,9|1,282,299|289,912|1,572,211|1,318,261|
|Total expenditure||||1,282,299|289,912|1,572,211|1,318,261|
|Net (expenditure)/income||and net||||||
|movement
in funds||||25,848|(33,912)|(8,064)|59,741|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||377,333|189,817|567,150|507,409|
|Total funds carried|forward|||403,181|155,905|559,086|567,150|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Note|f|f|
|Current assets|||||||
|Debtors||||13|106,486|101,889|
|Cash at bank and|in|hand|||584,400|573,176|
||||||690,886|675,065|
|Creditors: amounts||falling|due within one year|14|131,800|107,915|
|Net current assets|||||559,086|567,150|
|Total assets less|current||liabilities||559,086|567,150|
|Net assets|||||559,086|567,150|
|Funds ofthe charity|||||||
|Restricted
funds|||||155,905|189,817|
|Unrestricted
funds|||||403,181|377,333|
|Total charity funds||||16|559,086|567,150|
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|||||2023
F|2022
f|
|---|---|---|---|---|---|
|Cash flows from operating||activities||||
|Net (expenditure)/income||||(8,064)|59,741|
|Adjustments
for:||||||
|Other interest receivable and||similar income||(2,227)|(56)|
|Accrued expenses/(income)||||11,257|(23,370)|
|Changesin:||||||
|Trade and other|debtors|||(3,201)|(33,843)|
|Trade and other|creditors|||12,628|26,429|
|Cash generated|from operations|||10,393|28,901|
|Interest received||||831||
|Net cash from operating
activities||||11,224|28,950|
|Net increase
in|cash and cash equivalents|||11,224|28,950|
|Cash and cash|equivalents|at beginning|ofyear|573,176|544,226|
|Cash and cash|equivalents|at end ofyear||584,400|573,176|
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|Donations|and leg|acies||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2023|
||||||8|
|Donations||||||
|University|Block Grant||823,000||823,000|
|Donation|to Alumni|Fund||23,100|23,100|
|BUGS|||58,000||58,000|
|Welsh Communities||Project|29,000||29,000|
|Legacies||||||
|Donated|Facilities|and services|218,293||218,293|
||||1,128,293|23,100|1,151,393|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
||||6|6|F|
|Donations||||||
|University|Block Grant||715,000||715,000|
|Donation|to Alumni|Fund||116,458|116,458|
|BUGS|||58,000||58,000|
|Welsh Communities||Project||||
|Legacies||||||
|Donated|Facilities|and services|183,647||183,647|
||||956,647|116,458|1,073,105|
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||||||Unrestricted|Restncted|Total Funds|
|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2023|
||||||F||5|
|Totum Cards|||||331||331|
|Communications||and|societies||15,359||15,359|
|Sports and leisure|||||57,177||57,177|
|Other income|||||33,387||33,387|
|Catering
and|gaming||machines||5,891||5,891|
|Clubs and societies income||||||232,900|232,900|
||||||112,145|232,900|345,045|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2022|
|||||||F|F|
|Totum Cards|||||385||385|
|Communications||and|societies||12,074||12,074|
|Sports and leisure|||||52,956||52,956|
|Other income|||||48,005||48,005|
|Catering
and|gaming||machines||5,595||5,595|
|Clubs and societies income||||||166,827|166,827|
||||||119,015|166,827|285,842|
|Other trading|activities|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
||||||E|||
|Ancillary
trading||income||65,482|65,482|18,999|18,999|
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|Investment
i|nco|me||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
F|2023
f|Funds
f|2022
F|
|Bank interest||||2,227|2,227|56|56|
|Expenditure|on|charitable|activities|by fund type||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2023|
||||||f||F|
|Student Support & Representation
Democratic services|||||132,167
151,477|17,814|149,981
151,477|
|NUS services|||||18,097||18,097|
|Opportunities
Clubs and societies|||||297,053|8,305
263,793|305,358
263,795|
|Support costs|||||683,505||683,503|
||||||1,282,299|289,912|1,572,211|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2022|
||||||F|F.|F|
|Student Support
&Representation
Democratic services|||||130,362
139,991|108,320|238,682
139,991|
|NUS services|||||17,500||17,500|
|Opportunities|||||236,286|8,013|244,299|
|Clubs and societies||||||144,176|144,179|
|Supportcosts|||||533,613||533,610|
||||||1,057,752|260,509|1,318,261|
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|Expenditure
on charitable
activities|by activity type||||
|---|---|---|---|---|
||Activities||||
||undertaken|Support|Total funds|Total fund|
||directly|costs|2023|2022|
||F|F|F||
|Student
Support 8 Representation
Democratic services|149,981
151,477|116,196
205,051|266,177
356,528|329,396
300,074|
|NUS sennces|18,097||18,097|17,500|
|Opportunities|305,358|362,256|667,614|527,112|
|Clubs and societies|263,795||263,795|144,179|
||888,708|683,503|1,572,211|1,318,261|
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|Analy|sis of|support costs||||
|---|---|---|---|---|---|
||||Analysis
of|||
||||support costs
f|Total 2023
F|Total 2022
f|
|Staff|costs||427,016|427,016|288,671|
|Other|direct|costs|256,489|256,489|244,939|
||||683,505|683,505|533,610|
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|t ofthe ac|counts:|
|---|---|
|2023|2022|
|F|F|
|7,480|6,800|
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|Staff cos|ts|||||
|---|---|---|---|---|---|
|The total|staff costs and|employee|benefits for the reporting|period are analysed as|follows:|
|||||2023|2022|
|||||F|E|
|Wages and salaries||||605,882|533,233|
|Social security costs||||43,365|22,235|
|Employer|contributions|to pension|plans|109,395|63,742|
|||||758,642|619,210|
|of full-time
e|quivalent
emp|loyees
during the ye|ar is analysed as follows:||
|---|---|---|---|---|
||||2023|2022|
||||No.|No.|
|Management|and administration||14|12|
|The number|ofemployees|whose remuneration|for the year fell within the following|bands, were:|
||||2023|2022|
||||No.|No.|
|F60,000to 669,999|||1|1|
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|Th|e remuneration
is summarised
as follows:|||
|---|---|---|---|
|||2023|2022|
|||F||
|S|O'Donoghue||21,661|
|E|Manners|22,407|19,815|
|H|Lunnon||21,661|
|R|Barwise|22,407|19,815|
|M|Edwards||21,661|
|A|Sturrock|27,019||
|C|Curry|22,595||
|D|Jones|27,019||
|||121,447|104,613|
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|
to f2,561 (20
Debtors|2|2:F2,5|79)|||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||F|F|
|Trade debtors||||||18,090|11,174|
|Prepayments|and accrued income|||||7,800|23,694|
|Other debtors||||||80,596|67,021|
|||||||106,486|101,889|
|Creditors: amounts|||falling due within||one year|||
|||||||2023
f|2022
F|
|Trade creditors||||||27,542|30,612|
|Accruals and|deferred||income|||33,954|22,697|
|Other creditors||—Aberystwyth||University|Creditor|70,304|54,606|
|||||||131,800|107,915|
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|Analysis ofc|haritable
funds|||||
|---|---|---|---|---|---|
|Unrestricted|funds|||||
|||At 1 July|||At 30June|
|||2022|Income|Expenditure|2023|
|||F|6|6|F|
|General funds||377,333|1,308,147|(1,282,299)|403,181|
|||At 1 July|||At 30June|
|||2021|Income|Expenditure|2022|
|||F.|F||F|
|General funds||340,368|1,094,717|(1,057,752)|377,333|
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|16.|Analysis o
Restricted|fcharita
funds|ble
fu|nds
(r.onrrnuerr)|||||
|---|---|---|---|---|---|---|---|---|
||||||At 1 July|||At 30June|
||||||2022|Income|Expenditure|2023|
||||||E|E|E|E|
||Restricted|Fund - Clubs and societies|||173,414|232,900|(263,793)|142,521|
||Restricted|Fund - Alumni||Funding-|||||
||Coaching||||14,497|23,100|(25,311)|12,286|
||Restricted|Fund - Tithe and Capitular|||||||
||Fund||||1,906||(808)|1,098|
||||||189,817|256,000|(289,912)|155,905|
||||||At 1 July|||At 30June|
||||||2021|Income|Expenditure|2022|
||||||F|E|E|F|
||Restricted|Fund - Clubs and societies|||150,763|166,827|(144,176)|173,414|
||Restricted|Fund - Alumni||Funding-|||||
||Coaching||||13,872|116,458|(115,833)|14,497|
||Restricted|Fund - Tithe and Capitular|||||||
||Fund||||2,406||(500)|1,906|
||||||167,041|283,285|(260,509)|189,817|
|17.|Analysis of net assets between funds||||||||
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2023|
|||||||E|E|E|
||Current assets|||||534,981|155,905|690,886|
||Creditors less than||1 year|||(131,800)||(131,800)|
||Net assets|||||403,181|155,905|559,086|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2022|
|||||||E|E|E|
||Current assets|||||485,248|189,817|675,065|
||Creditors less than||1 year|||(107,915)||(107,915)|
||Net assets|||||377,333|189,817|567,150|
|18.|Analysis ofchanges
in|||net debt|||||
|||||||At 1 Jul||At 30Jun|
|||||||2022|Cash flows|2023|
|||||||E|F|E|
||Cash at bank and||m hand|||573,176|11,224|584,400|
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