2023-07-31-accounts

COMPANY REGISTRATION NUMBER: 08540244 CHARITY REGISTRATION NUMBER: 1154402

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Royal Agricultural University Student Union Company Limited by Guarantee

Unaudited Financial Statements 31 July 2023

joyce

chartered accountants

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Royal Agricultural University Student Union

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Company Limited by Guarantee

Financial Statements

Year ended 31 July 2023

	Page
Trustees’ annual report (incorporating the director's report)	1
Independent examiner's reportto the trustees	=,
Statement offinancial activities (including income and expenditure account)	11
Statement offinancial position	12
Notestothefinancialstatements	13

Draft Accounts

10:10 on 23 April 2024

Royal Agricultural University Student Union

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Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report)

Year ended 31 July 2023 eee

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2023.

Reference and administrative details

Registered charity name Royal Agricultural University Student Union Charity registration number 1154402 Company registration number 08540244 Principal office and registered Royal Agricultural University office Stroud Road Cirencester Gloucestershire GL7 6JS

The trustees

Mr H M Butson Miss M Stacey (Appointed 1 August 2022) Miss C Bekker (Appointed 1 August 2022) Mr A Burr (Appointed 1 April 2023) Mr M Harris Company secretary Mrs M Kayani independent examiner Duncan N Joyce ACA, CTA Duncan Joyce & Associates Limited Chartered Accountants 36 & 38 Cross Hayes Malmesbury Wiltshire SN16 9BG

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Royal Agricultural University Student Union

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Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

• Year ended 31 July 2023

• RRBRESIS “Siirimroncoro Wir ine Dears Weenieee ra

Structure, governance and management

a) Constitution

The Royal Agricultural University Student Union (RAUSU) is constituted under the Education Act 1994, as a charity with regulations set out by its Articles of Association. RAUSU's charitable objectives under the Act are to advance the University's educational purposes by providing representation support and recreational activities for the students of the Royal Agricultural University (the University). The Trustees of the RAUSU are two External Trustees (Chair (Alumni) and Vice Chair), one elected Officer Trustee, and an elected Sabbatical Trustee (President).

b) Legal structure

The RAUSU is a registered charity and a company limited by guarantee governed by its Memorandum and Articles of Association. The Trustees of the charity are also directors for the purposes of the Companies Act.

c) Trustees Responsibilities

The Trustees are responsible for the overall direction and charitable activities of the RAUSU and for ensuring that it complies with the Charity Commission guidance on public benefit.

d) Selection of Trustees

Officer Trustees are appointed annually by election from the student body. External Trustees are appointed by the Board of Trustees every three years. The Sabbatical Trustees are elected by the student body for a term of one year, with the option to extend the President's term for a second and final year by re-election from the student body.

e) Organisational Structure

The President is the senior student representative of the RAUSU, and is accountable to the RAUSU's Trustees and its members. The board of Trustees meets up to four times a year. On behalf of the board, where required, the President also reports up to six times a year to the Governing Council of the University, which is a major funding source for the Charity, through its block grant.

The RAUSU also has an Executive Committee of eight student volunteer officers who are elected annually and one appointed officer (Post-Graduate and International Officer). These officer roles for the period in question are as follows:

| - Vice President | - RAG Chair | - RAG Secretary | - Welfare & Liberation Campaigns Officer | - Sports Officer | - Societies Officer | - Entertainments Officer | - Post-Graduate & International Officer The Student Executive Committee is chaired by the President and meets weekly to discuss ongoing : operational issues. RAUSU also employs one member of non student full time staff to ensure | effective management of its many activities and to implement the policy decisions made by the Trustees.

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Royal Agricultural University Student Union

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2023 e ee

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f) Relationship with Royal Agricultura! University

The RAUSU receives a block grant from the University and occupies a building owned by the University, who pay for any utilities and structural maintenance. The support is intrinsic to the relationship between the University and the RAUSU and has not been valued. Although the RAUSU continues to generate supplementary funding from various activities, it will always be dependent on the support of the University.

There is no reason to believe that this support will not continue for the foreseeable future, as the Education Act 1994 imposes a duty on the University to ensure the financial viability of its student representative body. The University therefore requires notification of any changes to the governance of the RAUSU and regular reports on the RAUSU's activities and finances.

g) Risk Management

The Trustees are responsible for the management of risks faced by the RAUSU. The Trustees have established systems to mitigate risk appropriate to the size of the charity with a focus on finance, reputation and health and safety. Processes and procedures are reviewed regularly by the Trustees to mitigate these as far as possible.

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Royal Agricultural University Student Union Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continued) Year ended 31 July 2023 ate

Objectives and activities

The primary role of the RAUSU is to ensure that students derive the maximum possible benefit from the non-academic dimension of their life at the University. The Memorandum and Articles of Association of the RAUSU outline it's objectives as:

• Promoting the interests and welfare of students of the Royal Agricultural University during their course of study and representing, supporting and advising students;

• Being the recognised representative channel between students, the Royal Agricultural University and any other external bodies;

• Providing social, cultural, sporting and recreational activities and forums for discussions and debate for the personal development of its students;

• Further to the above, and to the charity's purposes for the public benefit, the main activities undertaken in relation to these objectives are a mix of event management, extracurricular activities provision and student representation, including:

• Acting as principle coordinator and manager of non-academic activities designed to stimulate and entertain all students;

• Acting as the primary representative of the student body in dealings with the University;

• Organising major social functions and events, including student balls, RAG events and Fresher's Week;

• Organising regular weekly entertainment for all students;

• Managing and coordinating the activities of the RAUSU's sports clubs and special interest societies;

• Raising funds for external charities through RAG, plus all associated coordination and management;

• Representing the students in dealings with the NUS and on key university committees;

• Preparing up to six reports per year on the RAUSU activities for the Governing Council of the Royal Agricultural University;

• Managing funds, monitoring the financial position and ensuring proper accounts are kept of all income and expenditure;

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• Positively representing the University within the local and wider community.

| The trustees have had regard to the Charities Commission guidance on public benefit when exercising | any powers or duties to which the guidance is relevant.

How the RAUSU Achieves Public Benefit

| In pursuit of the aim for the public benefit, the RAUSU ensures that the diversity of its membership is | recognised, valued and supported, and has established services for use by its members and supports | its work with the University and other organisations on behalf of students. The Officer Trustees sit on | and make contributions to many University committees, academic programme forums, and Student | Voice groups, in order to effectively cater for the needs of students.

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Royal Agricultural University Student Union

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Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2023 ia le

Achievements and performance

a) Entertainment and Events

Entertainments continued as normal throughout the year. Major events included an off-site Christmas Ball and May Ball. Poor attendance and increased event costs at the May Ball resulted in a deficit of £20,362 (2022 - £22,515). The trustee have agreed that the May Ball must be revised for 2023/24. Welcome Week costs amounted to £10,509 (2022 ~ £31,104).

b) Sports and Societies

Over 30 clubs and societies were run throughout the year. Total resources expended were £42,421 (2022 - £36,261).

c) Student Voice

RAUSU representatives continued to be involved in University Committees and focus groups, adding their views to various initiatives and changes introduced by the University.

d) Legal and Governance

A project to review the constitution, including the review of the Board of Trustees, the elected Officer roles, and the internal RAUSU committee structure was undertaken during the year. Actions arising from the outcome are to be undertaken.

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Royal Agricultural University Student Union

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 July 2023

Financial review

a) Results Achieved

The Charity had incoming resources of £384,540 (2022 - £348,334) and expended £4,451 (2022 - £3,444) on generating income, £362,320 (2022 - £384,288) on its charitable activities, including £174,628 (2022 - £167,298) on governance and support costs, resulting in a surplus of £17,769 (2022 - £39,398 deficit).

b) Incoming Resources

The RAU provided a grant of £238,740 (2022 - £191,520) for the financial year to support the charity in line with prior year agreement to increase the block grant.

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c) Resources Expended

The majority of the charity's expenditure was incurred in providing Freshers’ week entertainment, fostering the sports and special interest societies and student support services for the university's students, hosting student balls, and providing regular entertainments for students.

d) Governance Costs

The governance costs include the salary of the President and Union Director, RAG charitable donations, other Finance and general office costs, consultation fees and other administrative expenses relating to running the charity.

e) Overview

The increased block grant, coupled with a reduction in expenditure on charitable activities contributed to the overall surplus of £17,769. ((2022 - £39,398 (deficit))

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f) Reserves Policy

The RAUSU implemented a Financial Reserves Policy in 2017/18. The RAUSU intends to maintain reserves at a maximum threshold of £85,000. The RAUSU intends to use the reserves in the following manner:

• i) To support fluctuations in the RAUSU's income, £50,000 per annum to mitigate against potential cancellation of the end of year Ball. This is equivalent to 50% of expected income.

• ii) £35,000 per annum to meet expenditure equivalent to approximately 3 months of operational expenditure in the event of inability of the Royal Agricultural University to make grant payments or a change in the rate of block grant provided.

As at July 2023, RAUSU reserves were £105,394 (2022 - £87,625).

Any surplus of reserves over and above this threshold will be reinvested in the following financial year and will be expended against the RAUSU’s charitable activities as instructed by the Trustees.

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• Royal Agricultural University Student Union Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continueg)

Year ended 31 July 2023 aii

g) Future Funding

The Trustees confirm that the RAUSU has sufficient funds to meet all of its financial obligations. The block grant for 2023/24 has been agreed at a rate of £230 per Full Time Educational student, and is predicted to be in the region of £240,000. The 2023/24 budget has been approved by the Board of Trustees.

Plans for future periods

The RAUSU strategic plan aims to ensure its continued commitment to ensuring appropriate governance and adequate staffing. It also seeks to sustain its links with the local community in various projects. It hopes to continue to invest in ensuring value for money from all suppliers, to improve its methods of communicating with students and ensure that it effectively represents every student at the University. In addition, it will also continue to engage with the student body to solicit regular feedback in order to ensure the RAUSU is offering the best possible service to students.

Objectives for 2023/24:

• To continue to ensure that a well-functioning Student Executive sits at the heart of Union activities;

• • Torecruit a Sports Development Manager to improve sports-related extra curricular offerings; - To widen participation and engagement with the Union; - To adopt strategic plans in line with the NUS QSU framework; - To ensure fair access to all activities and events for all students; - To introduce two part-time sabbatical roles: Vice President - Learning and Vice President - Leisure;
• • To embed the new RAUSU President and Officers into their roles, ensuring they are fully engaged and in control of their Union;
• • Toensure the continued development of policies and procedures; - To work collaboratively with the NUS, GuildHE and other partners in ensuring the RAUSU is an exemplar of its kind,
• • Torun successful campaigns and ensure an increased focus on championing democracy,

STATEMENT OF TRUSTEES’ RESPONSIBILITIES{E5}

The Trustees (who are also directors of Royal Agricultural University Student Union for the purpose of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year which give 4 true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

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Royal Agricultural University Student Union

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 July 2023 ARES “Mister ve TT

• select suitable accounting policies and then apply them consistently;

• • observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent, - — state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
• • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions applicable to companies entitled to small companies' exemption.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board

Hei MA |é | Company Secretary / Date Signed: . Zy . G Ly |

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Royal Agricultural University Student Union

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Royal Agricultural University Student Union

Year ended 31 July 2023 ea a_i

| report to the trustees on my examination of the financial statements of Royal Agricultural University Student Union (‘the charity’) for the year ended 31 July 2023.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

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Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

• | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 4. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  1. the financial statements do not accord with those records; or

• the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

• the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by

| charities applicable to charities preparing their accounts in accordance with the Financial | Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). | | | |

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Royal Agricultural University Student Union

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Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Royal Agricultural University Student Union (continued)

Year ended 31 July 2023

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the ZL oyce ACA, CTA ln a Duncan Joye & Associates Limited Chartered Accountants 36 & 38 Cross Hayes Malmesbury Wiltshire SN16 9BG

25 April 2024

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Royal Agricultural University Student Union

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 July 2023 neeaee at

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted| |funds|Totalfunds|Total|funds| |Note|£|£|£| |income|and|endowments| |Donations and|legacies|5|238,740|238,740|191,520| |Charitable|activities|6|145,800|145,800|156,814| |Total|income|384,540|384,540|348,334| |Expenditure| |Expenditure|on|raising|funds:| |Costs|of|raising|donations|and|legacies|7|(4,451)|(4,451)|(3,444)| |Expenditure on|charitable|activities|8,9|(362,320)|(362,320)|(384,288)| |Total|expenditure|(366,771)|(366,771)|(387,732)| |Net income/(expenditure)|and|net movement|in|funds|17,769|17,769|(39,398)| |Reconciliation|of funds| |Total funds|brought forward|87,625|87,625|127,023| |Total funds|carried|forward|105,394|105,394|87,625|

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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 13 to 20 form part of these financial statements. I

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Royal Agricultural University Student Union

Company Limited by Guarantee

Statement of Financial Position

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|||| |---|---|---| |31|July|2023| |aeire|

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |Note|£|£| |Fixed|assets| |Tangible|fixed|assets|15|9,646|10,104| |Current|assets| |Stocks|16|5,199|5,134| |Debtors|17|719|22,828| |Cash|at|bank|and|in|hand|110,712|73,875| |116,630|101,837| |Creditors:|amounts|falling|due within|one year|18|20,882|24,316| |Net|current|assets|95,748|77,521| |Total|assets|less|current|liabilities|105,394|87,625| |Net|assets|105,394|87,625| |Funds|of the|charity| |Unrestricted|funds|105,394|87,625| |Total|charity|funds|20|105,394|87,625|

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For the year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• e | The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue and are signed on behalf of the board by:

AlexahdraMateGodfrey Trustee

Date Signed. . 24 OF. 202' 5B

The notes on pages 13 to 20 form part of these financial statements. as

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Royal Agricultural University Student Union Company Limited by Guarantee

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Notes to the Financial Statements

Year ended 31 July 2023 RGN RES WRG ces Se UR nee ea

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Royal Agricultural University, Stroud Road, Cirencester, Gloucestershire, GL7 6JS.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid after taking into account any trade discounts due.

Basis of preparation

The financial statements have been prepared on the historical costs basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Going concern

There are no material uncertainties about the charity's ability to continue.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts.

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Royal Agricultural University Student Union Company Limited by Guarantee Notes to the Financial Statements (continued)

Year ended 31 July 2023 cncilei

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• e legacy income is recognised when receipt is probable and entitlement is established.

• | e income from donated goods is measured at the fair value of the goods unless this is | impractical to measure reliably, in which case the value is derived from the cost to the donor | or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for

• || the contribution of general volunteers. * income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual

• | requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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Royal Agricultural University Student Union Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2023 e ee ee

3. Accounting policies (continued)

Resources expended

• Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: * expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• e — other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% reducing balance Motor vehicles - 25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

1. Limited by guarantee 3 Royal Agricultural University Student Union is a company limited by guarantee and accordingly 7 does not have a share capital. | Every member of the company undertakes to contribute such amount as may be required not | exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceased to be a member. | |

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Royal Agricultural University Student Union Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2023 eee

5.	Donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Grants
	Royal Agricultural University grant receivable	238,740	238,740	191,520	191,520
6.	Charitable activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Shop sales Fund raising activities	4,001 21,189	4,001 21,189	1,392 20,239	1,392 20,239
	Dances, dinners and other ticketed events Sports club subscriptions andevents Social club subscriptions and events	96,483 10,267 13,860	96,483 10,267 13,860	127,275 2,733 5,175	127,275 2,733 5,175
		145,800	145,800	156,814	156,814

7. Costs of raising donations and legacies

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Shoppurchases Sundry fund raising costs	A477 3,974	477 3,974	1,232 2,212	4,232 2,212
		4,451	4,451	3,444	3,444
8.	Expenditure on charitable activities	byfund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		£	£	£	£
	Dinners, dances and other ticket events	126,171	126,171	171,428	171,428
	Sports club costs, matches and competitions Social club activitiesand events Student support activities Supportcosts	30,840 11,581 19,100 174,628	30,840 11,581 19,100 174,628	30,599 5,662 9,301 167,298	30,599 5,662 9,301 167,298
		362,320	362,320	384,288	384,288

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Royal Agricultural University Student Union

Company Limited by Guarantee

Notes to the Financial Statements (continued)

• Year ended 31 July 2023

• _TRBSEEEN BRSctssittintes Ss Wea

• Expenditure on charitable activities by activity type

	Activities
	undertaken directly £	Supportcosts £	Totalfunds — Total fund 2023 2022 £ £
Dinners, dances and other ticket events Sports club costs, matches and competitions Social club activities and events Studentsupportactivities Governance costs	126,171 30,840 11,581 19,100 ~_	- - 174,628	426,171 30,840 11,581 19,100 174,628	171,428 30,599 5,662 9,301 167,298
	187,692	174,628	362,320	384,288

10. Taxation

The charity's activities fall within the exemptions afforded by the provision of Income and Corporation Taxes Act 1988, Accordingly there is no taxation charge in the accounts. 11. Net income/(expenditure)

11.	Net income/(expenditure)
	Netincome/(expenditure) isstated aftercharging/(crediting):	2023	2022
		£	£
	Depreciation oftangible fixed assets	2,536	3,369
12.	Independentexamination fees
		2023	2022
		£	£
	Fees payable to the independent examiner for: independent examination ofthefinancial statements	2,000	1,850
13.	Staff costs
	The total staffcosts andemployee benefits forthe reporting period are analysed as 2023		follows: 2022
		£	£
	Wagesand salaries Social security costs Employer contributions to pension plans	99,587 6,081 755	79,096 3,915 104
		106,423	83,115

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Royal Agricultural University Student Union

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Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2023 ee er et

13. Staff costs (continued)

The average head count ofemployees during the yearwas 9 (2022: 7). The average full-time equivalentemployees during theyear isanalysed as follows: 2023	number of 2022
No.	No.
Trustees 5 Administration 4	6 4
9	7

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

14. Trustee remuneration and expenses

No remuneration, benefits in kind were made to any of the charity's trustees during the year (2022 - ENil).

Expenses of £151(2022 - ENil) were paid to a trustee during the year ended 374 July 2023.

15. Tangible fixed assets

Tangible fixed assets
	Fixtures and fittings 2	Motor vehicles &	Total £
Cost At1August2022 Additions Disposals	25,451 3,819 (8,999)	16,500 - -	41,951 3,819 (8,999)
At31 July 2023	20,271	16,500	36,771
Depreciation At 1 August2022 Charge fortheyear Disposals	19,806 1,422 (7,258)	12,041 1,114 -	31,847 2,536 (7,258)
At31 July 2023	13,970	13,155	27,125
Carrying amount At31 July 2023	6,301	3,345	9,646
At 31July2022	5,645	4,459	10,104

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Royal Agricultural University Student Union

Company Limited by Guarantee

Notes to the Financial Statements (continuea)

Year ended 31 July 2023 incelian

16. Stocks

		2023	2022
		£	£
	Goods for resale	5,199	5,134
17.	Debtors
		2023	2022
		£	£
	Trade debtors	-	5,000
	Prepaymentsand accrued income Other debtors	719 _	1,060 16,768
		719	22,828
18.	Creditors: amounts falling due within one year
		2023	2022
		£	£
	Trade creditors	993	8,212
	Accruals and deferred income	17,350	16,104
	Social security and othertaxes	2,539	_
		20,882	24,316

19. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £755 (2022: £104).

20. Analysis of charitable funds

Unrestricted funds

			At
		1	August202 2	income	Expenditure	At 34 July 2023
			£	£	£	£
General	funds		87,625	384,540	(366,771)	105,394
			At
		4	August202 4	Income	Expenditure	At 31 July 2022
			£	£	£	£
General	funds		127,023	348,334	(387,732)	87,625

ee

19

:

Royal Agricultural University Student Union

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 July 2023 er i

i

21: Analysis of net assets between funds

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total|Funds| |Funds|2023| |£|£| |Tangible|fixed|assets|9,646|9,646| |Current|assets|116,630|116,630| |Creditors|less|than|1|year|(20,882)|(20,882)| |Net assets|105,394|105,394| |Unrestricted|Total|Funds| |Funds|2022| |£|£| |Tangible|fixed|assets|10,104|10,104| |Current|assets|401,837|101,837| |Creditors|less|than|1|year|(24,316)|(24,316)| |Net assets|87,625|87,625|

----- End of picture text -----

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