## ## |INDEX|||Pages| |---|---|---|---| |Company
information|||1-2| |Trustees
report|||3-6| |Auditors'
report|||7-8| |Statement
offinancial activities-|||| |( incorporating
an Income and expenditure||account)|| |Conslidated
Balance sheet|||10| |Company
Balance sheet|||| |Notes to the financial statements|||12 —19| |Consolidated
Statement
ofcash|flows||20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Note|Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds|Funds|Funds| |||||||||2022|2021| |||||||||6|6| |INCOMING RESOURCES|||||||||| |Voluntary income:|||||||||| |University
grants|||||14|364,851||364,851|383,801| |Donated
facilities|||||1e||||12,550| |Retail turnover||||||6,645||6,645|2,927| |||||||371,496||371,496|399,278| |Aclivilies forgeneraling||||funds:|||||| |Rent and fees charged||to|trading||||||| |subsidiary|||||||||| |Freshers
fair event||||||8,906||8,906|| |NUS extra card income||||||759||759|828| |||||||9,665||9,665|828| |Incoming resources|from|||activities:|||||| |Sports &Societies income|||||||12,192|12,192|2,258| |Most active students|||||||||| ||||||||12,192|12,192|2 258| |Other Income:|||||||||| |HMRC Employment|allowance|||||4,333||4,333|1,629| |Marketing fees||||||13,595||13,595|2,730| |Sundry income||||||596||596|| |Grant received from|UoS|||||9,500||9,500|| |||||||28,024||28,024|4,359| |Totalincoming resources||||||409,185|12,192|421,377|406,723| |RESOURCES EXPENDED|||||||||| |Costs ofgenerating|Funds:||||||||| |Commercial
activities|||||||||1,581| |Freshers fairevent|||||||||| ||||||||||1,581| |Cost ofactivities:|||||||||| |Sports &societies expenditure|||||||48,985|48,985|18,338| |Most active students|||||||||| |Other activities|||||12|77,870||77,870|20,339| |Rent and fees charged||to|trading||||||| |Sundry direct costs|||||||||| |||||||77,870|48,985|126,855|38,677| |Governance costs:|||||||||| |Staff costs||||||317,287||317,287|275,978| |Support costs:|||||||||| |Donated
facilities|||||1e||||12,550| |General offic expenditure|||||13|27,256||27,256|47,335| |Executive Committee|expenses||||13|1,916||1,916|2,101| |Trustee Board expenses|||||13||||| |Marketing
Department|||||12||||| |NUS Extra|||||12||||| |Corporation
tax|||||||||| |Suffolk Union Services loan||||wnte off|||||| |Deprecialion
&other|costs:||||||||| |Depreciation
ofoffice equipment||||||5,171||5,171|835| |||||||351,630||351,630|338,799| |Total outgoing resources||||||429,500|48,985|478,485|379,057| |Net incoming/(outgoing)|||resources|||(20,315)|(36,793)|(57,108)|27,666| |Transfers between funds||||||(36,793)|36,793||| |Fund
balances brought|||forward|||154,482||154,482|129,806| |Fund balances carried||forward|||16|97,374||97,374|157,472| ||Notes||2022|||2021| |---|---|---|---|---|---|---| |||E||E|8|E| |Tangible
Fixed Assets||||13,348||14,499| |Fixed Asset investments||||||| |||||13,348||14,499| |Current Assets||||||| |Stock||1,41|7||1,989|| |Debtors|7|17,403|||20,281|| |Bank and cash||97,290|||157,524|| |||116,110|||179,794|| |Creditors:||||||| |Amounts
falling due within one year|8|32,084|||36,821|| |Net Current Assets||||84,026||142,973| |||||97,374||157,472| |Creditors:||||||| |Amounts
falling due after one year||||||| |Net Assets||||97,374||157,472| |Financed
by fund balances:||||||| |Unrestricted
funds||||||| |General
fund|16|||97,374||157,472| |Restricted
funds|16|||||| |||||97,374||157,472| ## ||Notes|2022|||2021| |---|---|---|---|---|---| |||f||f|6| |Tangible
Fixed Assets|||13,348||14,499| |Fixed Asset Investments|||1||1| ||||13,349||14,500| |Current Assets|||||| |Debtors|7|29,654||31,607|| |Bank and cash||91,584||147,278|| |||121,238||178,885|| |Creditors:|||||| |Amounts
falling due within one year|8|19,471||27,235|| |Net Current Assets|||101,767||151,650| |Creditors:|||115,116||166,150| |Amounts
falling due after one year|||||| |Net Assets|||115,116||166,150| |Financed
by fund balances:|||||| |Unrestricted
funds|||||| |General
fund|16||111,096||166,151| |Restricted funds|16||4,020||| ||||115,116||166,151| ## |ACCOUNTING
POLICIES|||| |---|---|---|---| |(a) Basis of preparation|||| |The financial statements
have been prepared
under the historic cost convention,||and|in| |accordance
with applicable
United
Kingdom
standards,
the Statement
of Recommended|||| |Practice: Accounting
and Reporting
by Chadties SORP 2015(FRS102) issued||in January|| |2015 and the Companies
Act 2006.|||| |(b) Incoming resources|||| |All income, unless received for a specific or restricted
use has been|credited to||| |a general accumulated
fund.|||| |(c)Resources expended|||| |Liabilities are recognised as expenditure
as soon as there is a legal|or constructive||| |obligation
committing
the Union to the expenditure.
All expenditure|is accounted||| |for on an accruals basis and has been classified
under headings
that aggregate||all|| |costs related to the category.|||| |(d) Governance costs|||| |Governance
costs comprise the costs associated
with the governance
arrangements|||of| |the Union which relate to the general
running
ofthe organisation
as|opposed
to|to those|| |cost associated
with with fundraising
or charitable
activity.|||| |(e) Donated services and facilities|||| |University
ofSuffolk provides
the Union with office space and sports|facilities at|no|| |charge. As required
by SORP 2015(FRS 102),the donation
ofthese facilities is included|||| |as an incoming
resource and a matching
outgoing
resource
within the statement||offinancial|| |activities at the trustees'
estimate oftheir value to the Students
Union.|||| |Irrecoverable
VAT is charge|||| |(g) Tangible fixed assets and depreciation|||| |Expenditure
on fixed assets is capitalised
and valued at historic cost.|||| |Depreciation
is charged
on capital expenditure
and is written
off at 25% per annum|||| |straight
line on cost over the estimated
useful
life of the asset.|||| |(h) Pension costs|||| |Employees
ofthe Company are invited tojoin a defined
contribution|to a money||| |purchase
scheme.|||| |There was f210(8144 - 2021)outstanding
contributions
at the year|end. See note 8.||| |(t) Investments|||| |Investments
are stated at the lower ofcost and net realisable value.|All are held|in the|UK.| |(j) Taxation|||| |The company meets the definition ofa charitable
company for UK corporation
tax|||| |purposes.
Accordingly,
the company
is exempt from taxation to the|extent that such||| |income or gains are applied
exclusively
to charitable
purposes.|||| |The trading
subsidiary
is subject to the normal
taxation rules,|||| |(k) Operating
leases|||| |The cost ofoperating
leases are charged as a cost in the statement|offinancial|activities|| |as these costs are incurred
over the period ofthe lease.|||| |(I) Fund accounting|||| |General funds are unrestricted
funds which are available for use at|the discretion
of the||| |trustees
in furtherance
of the general objectives of the Union and which have not been|||| |designated
for any other purpose.|||| |Restricted funds are funds which are to be used in accordance
with|specific restrictions||| |imposed
by the donors or raised by the Union for particular
purposes. The cost||of raising|| |and administering
such funds
is charged against the specific fund. The aim and||use of|| |each restricted
fund are set out in the notes to the accounts to financial statements.|||| ## ## |Analysis|ofStaff Costs|ofStaff Costs|||||2022||2021| |---|---|---|---|---|---|---|---|---|---| ||||||||||E| |||Salaries and wages|||||279,400||242,532| |||Social security|costs||||26,984||19,468| |||Pension cost|||||9,563||8,749| |||Staff training costs|||||1,340||5,229| |||Staff recruitment|&advertising||||||| ||||||||317,287||275,978| |Average|number ofemployees|||- administrative||staff|8||8| |||||sabbatical|officer||2||2| ||||||||10||10| |Trustees|||||||||| |Included|in|the staff costs are||payments|to the|following trustees for their roles||as|| |sabbatical||officers:|||||||| ||||||||2022||2021| |M Cardoso|||||||||19,402| |D Gouldborn|||||||||19,402| |M Wright|||||||21,403||| |A Gooch|||||||21,339||| ||||||||42,742||38,804| ## |emuneration||| |---|---|---| ||2022|2021| ||E|E| |Audit|3,525|3,525| ||3,525|3,525| ## ||||Company|Company|number|06967378| |---|---|---|---|---|---|---| |Tangible Fixed Assets||||||| |||Motor|||Office|Total| |||vehicles||equipment||| |COST:||||||| |Balance at 1 August 2021||13,662|||3,343|17,005| |Additions|||||4,020|4,020| |Disposals||||||| |Balance at 31 July 2022||13,662|||7,363|21,025| |DEPRECIATION:||||||| |Balance at 01 August|2021||||2,506|2,506| |Charge for period|||3,415||1,756|5,171| |Disposals||||||| |Balance at 31 July 2022|||3,415||4,262|7,677| |NET BOOK VALUE:||||||| |Balance at 31 July 2022||10,247|||3,101|13,348| |Balance at 01 August|2021|13,662|||837|14,499| |Fixed Asset Investment||||||| |||||||Total| |Balance at 01 August|2021|||||| |Additions||||||| |Disposals||||||| |Balance at 31 July 2022||||||| |Subsidiary
undertaking|-Suffolk Union Services Limited -Company||number|07316145||| |Percentage
shares owned -100%||||||| |Objects - commercial|activity on the University|of Suffolk Campus site.||||| ||||||%age|| |||||holding||| |Class of shares - ordinary 61|||||100|| ||||||2022|2021| ||||||6|6| |Aggregate
capital and|reserves||||(11,669)|(11,669)| |Profit/(Loss) for the year|||||3,220|3,220| ## ## ||||||Group||Company|| |---|---|---|---|---|---|---|---|---| ||||||2022|2021|2022|2021| |Analysis ofdebtors||||||||| |Amount due from subsidiary||undertaking||—licence fee||||| |Amount due from subsidiary||undertaking||—trade debtor balance||||| |Trade debtors|||||16,304|14,050|16,304|14,050| |Prepayments||||||||| |Sundry debtor|||||12||12|12| |VAT account|||||1,087|6,231|1,339|5,547| ||||||17,403|20,281|17,655|19,609| |Analysis ofdebtors due after one|||year|||||| |Amount
due from subsidiary||undertaking||- loan|15,000|15,000|15,000|15,000| |Aggregate
amounts|||||32,403|35,281|32,655|34,609| ||||||2022|2021|2022|2021| |Analysis ofcreditors||||||||| |Amounts
falling due within||one year:||||||| |Amount
due to subsidiary|undertaking||- (creditor)|||||| |Trade creditors|||||10,277|12,292|1,648|3,689| |Social security &other taxes|||||11,384|6,389|11,402|6,406| |Staff pension scheme|||||210|144|210|144| |Other creditors|||||4,713|9,746|1,711|9,746| |Deferred
income (grants 2016/17)||||||2,000||2,000| |Hardship
fund||||||750||750| |Corporation
tax||||||||| |Accruals|||||5,500|5,500|4,500|4,500| ||||||32,084|36,821|19,471|27,235| |Leasing commitments||||||||| ||||||||2022f|2021f| ## ## ## ## |11.|Sports &Societies c|osts|||||||| |---|---|---|---|---|---|---|---|---|---| ||||Equipment,|Travelling|Affiliation|Insurance|Sundry|Total|Total| ||||venue &||fees||expenses|2021|2020| ||||official fees||||||| ||||f|F|6||||| ||Sports &societies||||||||| ||general||21,123|4,432|||23,430|48,985|28,062| |12.|Other activity costs||||||||| ||||Total|Student|Elections|Democracy|Advice|Marketing|NUS| |||||trips
154482|8 campaigns
f|&represntn
6|service
6|depart.
6|Extra
6| ||Other costs:||||||||| ||Subscriptions||1,191||||1,082|109|| ||Cost oftrips & entertainment||13,329|||898|2,996|9,435|| ||Bank charges||83|||22||61|| ||Conference expenses||1,010|||1,010|||| ||Staff training||365|||365|||| ||Mini bus &travelling||3,375|||2,018|1,357||| ||Professional fees||44,771|||383|40,377|4,777|| ||Marketing||907|||673||234|| ||Printing
& photocopying||156|||120|36||| ||Freshers week||9,875|||||9,875|| ||Office stationery||||||||| ||Hire offacilities||417|||||417|| ||Telephone||||||||| ||Computer
software||572|||510||62|| ||Equipment||157||||157||| ||Election and campaign|expenses|1,219|||1,219|||| ||Sundry expenses||407|||378|29||| ||Total for year ended|31July 2022|77,834|||6,830|46,034|24,970|| ||Total foryear ended|31July 2021|20,339|||8,725|1,581|10,033|| ## |13.|Office staff &administrative|Office staff &administrative|costs||||| |---|---|---|---|---|---|---|---| |||||Total|General|Executive|Trustee| ||Support costs:||||||| ||Travel
&subsistence|expenses||103||103|| ||Hire offacilities|||65||65|| ||Entertainment|||347||347|| ||Promotions|||17||17|| ||Conference expenses|||570||570|| ||Campaigns|||419||419|| ||Marketing|||94|94||| ||Election expenses|||30|30||| ||Leghal 8 professional|fees||385||385|| ||General
office costs:|||124|124||| ||Insurance|||5,584|5,584||| ||Telephone
&communications|||10||10|| ||Printing
& photocopying|||244|244||| ||Computer
software|||5,520|5,520||| ||Office stationery|||2,951|2,951||| ||Staff uniforms|||527|527||| ||Bank charges|||717|717||| ||Subscriptions|||2,411|2,411||| ||Sundry expenses|||157|157||| ||Total foryear ended|31July|2022|20,275|18,359|1,916|| ||Total foryear ended|31Ju/y|2021|43,314|41,213|2,101|| ## |2022|2021| |---|---| |E|E| |300,000|300,000| ## ## |Restricted
Funds||||| |---|---|---|---|---| |||Total|Most|Sports| ||||active|and| ||||students|Societies| ||||E|E| |Income||||| |Sports income||12,192||12,192| |Total foryear ended|31July 2022|12,192||12,192| |Total foryear ended|31July 2021|2,258||2,258| |Support costs:||||| |Equipment,
kit, venue|hire 8|||| |official fees||21,123||21,123| |Travel &subsistence|expenses|4,432||4,432| |Staff training||455||455| |Staff uniforms||1,984||1,984| |Promotions||641||641| |Entry fees||2,739||2,739| |Postage and stationery||1,244||1,244| |Computer
software||38||38| |Professional fees||14,277||14,277| |Conference fees||570||570| |Bank charges||26||26| |Hospitality||1,208||1,208| |Subscription s||248||248| |Total foryear ended|31July 2022|48,985||48,985| |Total foryear ended|31July 2021|18,511||18,511| ## ## ## |Analysis of net assets between fun|ds|||| |---|---|---|---|---| ||||2022|2021| ||Unrestricted|Restricted|Total|Total| ||Funds
f|Funds
F|Funds
E|Fundsf| |Fixed assets|13,348||13,348|14,499| |Net current assets|84,026||84,026|142,973| ||97,374||97,374|157,472| ## |Analysis of|net mo|vement
in funds|||||| |---|---|---|---|---|---|---|---| ||||Total funds|Total|Total|Transfers|Total funds| ||||brought|incoming|resources|between|carried| ||||forward
E|resources
f|expended|funds
8|forward
E| |Restricted funds:|||||||| |Most active student||and General sports||12,192|(48,985|36,793|| |||||12,192|(48,985)|36,793|| |Unrestricted|funds:||||||| |General fund|||154,472|409,185|(429,500) -|36,793|97,364| ||||154,472|409,185|(429,500) -|36,793|97,364| |Total funds|||154,472|421,377|(478,485)||97,364| ## ## ## |||2022|2021| |---|---|---|---| ||Note|f|| |CASH FLOWS FROM OPERATING ACTIVITIES:|||| |Net cash provided
by (used in) operating
activities|Table 1|(10,402)|(4,149)| |CASH FLOWS FROM INVESTING ACTIVITIES:|||| |Purchase offixed assets||(0)|(0)| |Net cash provided
by (used in) investing
activities||(0)|(0)| |CHANGE
IN CASH AND CASH EQUIVALENTS||(10,402)|(4,149)| |Cash and cash equivalents
at 1August 2021||131,621|135,770| |CASH AND CASH EQUIVALENTS AT 31 JULY 2022||121,219|131,621| |TABLE 1|||| |RECONCILIATION
OF NET INCOME/(EXPENDITURE)|||| |TO NET CASH FLOW FROM OPERATING ACTIVITIES|||| |Net income/(expenditure)
for reporting
period
as|||| |per statement
offinancial
activities||(14,004)|(10,109)| |Adjustments;|||| |Disposal offixed assets|||(0)| |Depreciation||835|836| |(Increase)/Decrease
in stock||(28)|| |(Increase)/Decrease
in debtors||(11,152)|(3,249)| |Increase/(Decrease)
in creditors||13,947|(3,547)| |Net cash provided
by (used in) operating
activities||(10,402)|(4,149)|