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2023-07-31-accounts

Unrestricted Restricted Total Total
Funds Funds 2023 2022
Notes
INCOME AND ENDOWMENTS FROM:
Donations
and legacies		 1,423,630 75,000 1,498,630 1,543,347
Charitable
activities - working		 with students 1,041,220 1,041,220 620,310
Other trading
activities		 93,975 93,975 91,756
Revaluation
of pension		 deficit payments 16 99,074 99,074
Investments 81
TOTAL 2,657,904 75,000 2,732,904 2,255,494
EXPENDITURE ON:
Raising funds 108,275 108,275 80,268
Charitable
activities:
Working
with students		 2,443,1.40 75,000 2,518,140 2,115,032
Provision
for pension		 delicit payments 18,196
TOTAL 2,551,415 75,000 2,626,415 2,213,496
NET INCOME FOR THE PERIOD & NET
MOVEMENT
IN FUNDS		 10 106,489 106,489 41,998
RECONCIUATION
DF FUNDS
Total funds brought forward at 01August 2022 (1,048,630) (1,048,630) (1,090,628)
TOTAL FUNDS CARRIED FORWARD
AT31JULY 2023 17 (942,141) (942,141) (1,048,630)

Group 2023 Charity 2023 Group 2022 Charity 2022
Notes E E E
FIXEDASSETS
Tangible
assets		 11 70,631 70,631 48,261 48,261
Investments 12 2 2
70,631 70,633 48,261 48,263
CURRENT ASSETS
Stocks 81,974 81,974 77,445 77,445
Debtors 66,122 203,617 118,389 239,476
Cash at bank and in hand 256,265 256,265 369,154 369,154
404,361 541,856 564,988 686,075
LIABILITIES
Creditors: Amounts
falling due within one year		 15 (139,987) (139,987) (195,957) {195,957}
NET CURRENT ASSETS 264,374 401,869 369,031 490,118
TOTAL AS5ETS LESS CURRENT LIABILITIES 335,005 472,501 417,292 538,381
Provisions
for liabilities		 16 (1,277,146) (1,277,146) (1,465,922) (1,465,922)
NET LIABILITIES {942,141} (804,645) (1,048,630) (927,541)
THE FUNDS OF THE GROUP AND CHARITY
Restricted income funds 17
Unrestricted
income funds		 17 {942,141) (804,645) (1,048,630} {927,541)
TOTAL GROUP AND CHARITY FUNDS 18 (942,141) (804,645} (1,048,630) (927,541)

Group Charity Group Charity
2023 2023 2022 2022
Notes E E
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (outflow)/inflow from operating
activities 19 (64,923} (64,923) (35,402) (28,212)
(64,923) (64,923) (35,402} (28,Z12)
CASH FLOWS FROM INVESTING ACTIVITIES:
Dividends,
interest and rents from
investments 5 81 81
Purchase of property,
plant and		 equipment (47,971) (47,971} (45,326) (45,326}
Net cash used
in investing		 activities (47,966) (47,966) (45,245) (45,245)
CHANGE
IN CASH AND CASH EQUIVALENTS
IN THE REPORTING
YEAR		 (112,889) (112,889) (80,647) (73,457)
Cash and cash equivalents at the beginning o(
the reporling
year		 369,154 369,154 449,801 442,610
CASH AND CASH EQUIVALENTS AT THE END
OF THE REPORTING YEAR 20 256,265 256,265 369,154 369,154

3. DONATIONS DONATIONS AND LEGACIES Unrestricted Restricted Total Total
funds funds 2023 2022
Block grant from the University of Brighton 1,122,000 1,122,000 1,122,087
Donations from other funders 10,250 75,000 85,250 147,149
Grant ofserviced accommodation 291,380 291,380 274,111
1,423,630 75,000 1,498,630 1,543,347

4. INCOME FROM WORKING WITH STUDENTS Unrestricted Unrestricted
Total 2023 Total 2022
Cafes and shops 916,951 526,891
Entertainments and events 124,269 93,419
1,041,220 620,310
5. OTHER TRADING ACTiVITIES Unrestricted Unresi. ricted
Total 2023 Tota I 2022
Commercial
marketing		 sponsorship 93,975 91,756
6. INVESTMENT5 Unrestricted Unrestricted
Total 2023 Total 2022
Bank interest 5 81
7. RAISING FUNDS Unrestricted Unrestricted
Total 2023 Total 2022
Commercial
activities:
Direct costs 11,394 15,654
Direct staff costs 4,431 6,088
Support staff costs 15,342 15,231
Rent 500 500
Other support costs 76,608 42,795
108,275 80,268
Bank interest
7. RAISING FUNDS
8, COSTS OF WORKING WITH STUDENTS COSTS OF WORKING WITH STUDENTS COSTS OF WORKING WITH STUDENTS Unrestricted Restricted Total Total
funds funds 2023 2022
Analysed
by activity:
Cafes and shops 981,920 981,920 591,620
Entertainments
and		 events 118,484 118,484 180,407
Academic experience, advice and wellbeing 358,703 358,703 287,326
Campus
and community		 75,000 75,000 90,744
Other student
activities		 854,528 854,528 855,408
Loss on revaluation ofpension deficit 18,196
Governance
costs		 129,505 129,505 109,526
2,443,140 75,000 2,518,140 2,133,227
Unrestricted Restricted Total Total
funds funds 2023 2022
Analysed
by type ofcosts:
Direct costs 783,612 783,612 349,384
Direct staff costs 198,308 198,308 242,237
Support staff costs 820,942 75,000 895,942 826,138
(Profit)/loss
on revaluation		 ofpension deficit 18,196
Rent 291,380 291,380 274,111
Other support costs 219,392 219,392 313,635
Governance
costs		 129,505 129,505 109,526
2,443,140 75,000 2,518,140 2,133,227
Governance
costs are		 made up as follows: Total Total
2023 2022
Sabbatical Officer salaries 109,300 90,108
Sabbatical Officer training 3,767 4,528
Auditors'
remuneration		 -external audit 15,125 13,750
Auditors'
remuneration		 -corporate tax compliance 688 1,140
Under accrual in respect ofprior years 625
129,505 109,526

9. STAFF COSTS 2023 2022
No. No.
The average monthly number ofpersons working with the
charitable
company		 (excluding trustees) during the year was;
Cafes and shops
Entertainments
and		 events
Academic experience, advice and wellbeing
Campus
and community
Office and management 12
Sabbatical Officers
Raising funds
35 34
Staff costs for the above persons:
Wages and salaries 991,601 930,080
Social security costs 94,823 88,557
Pension costs —regular annual
contributions		 40,327 38„125
Pension costs - provision for pension deficit payments 18,196
Termination
payments		 10,780
Other costs 18,592 26,711
1,156,123 1,101,669
Gross Employer pension
salary contributions
Sul'ia Begum 23,048 922
Anuraj Karmacharya 22,216
Doris Uche 24,190 594
ilia Mirsky Katz 24,190 968
Osasu Atornon 2,430
Favour Emmanuel 2,430

10 NET INCOME FOR THE YEAR 2023 2022
Net income for the year is stated after charging:
Depreciation 25,600 15,203
11 TANGIBLE ASSETS
Group Equipment Total
Cost:
01August 2022 221,177 221,178
Additions 47,971 47,971
31July 2023 269,148 269,149
Depreciation:
01August 2022 172,917 172,917
Charge for the year 29,600 25,600
31July 2023 198,S17 198,517
Net book value:
31July 2023 70,632 70,632
31July 2022 48,261 48,261

Charity Union funds BSU Enterprise Ltd Total 2023 Total 2022
E E E
Cost:
01August
Change
31July
13. STOCKS
Group 2023 Charity 2023 Group 2022 Chanty 2022
Cafe supplies 20,527 20,527 11,999 11,999
Shop supplies 61,447 61,447 65,446 65,446
81,974 81,974 77,445 7/,445
14. DEBTORS Group 2023 Charity 2023 Group 2022 Charity 2022
DEBTORS Group 2023 Charity 2023 Group 2022 Charity 2022
f E E E
Amounts
falling due within one year:
Trade debtors 27,414 27,414 64,281 64,281
Amounts
due		 to group undertakings 137,494 121,087
Other debtors 1,425 1,425 2,952
Prepayments and accrued income 37,283 37,283 51,156 51,156
66,122 203,617 118,389 239,476
FINANCIAL STATEMENTS FINANCIAL STATEMENTS FINANCIAL STATEMENTS
for the year ended 31July 2023
15. CREDITORS Group 2023 Charity 2023 Group 2022 Charity 2022
f f f f
Amounts
falling		 due within one year:
Trade creditors (33,685) (33,685) {58,361) (58,361)
Other taxes and social security costs (38,071) (38,071) (25,716) (25,716)
Clubs and societies funds (8,584) (8,584) (57,526) (57,526)
Accruals (34,472) (34,472) (27,588) (27,588)
Deferred income {25,175) (25,175) (26,766) (26,766)
(139,987) (139,987) (195,957) (195,957)
Deferred income:
Deferred income brought forward 26,766 26,766 20,499 20,499
Deferred income released to the statement of
financial
activities		 (26,766) (26,766) (20,499) {20,499)
Income received in advance during the period 25,175 25,175 26,766 26,766
Deferred income carried forward: 25,175 25,175 26,766 26,766

PROVISION FOR LIABILITIES 2023 2022
SUSSpension
deficit		 SUSS pension
deficit
provision provision
Balance at 1August 1,465,922 1,531,692
Contributions
towards the deficit		 (89,702) (83,966)
Revaluation
ofpension deficit		 (99,074) 18,196
Balance at31July 1,277,146 1,465,922

17.
THE FUNDS OF THE GROUP
AND THE CHARITY 01August Income Expenditure Transfers 31July
2022 between funds 2023
Group E E
Restricted income funds:
Retention
fund		 75,000 (75,000)
75,000 (75,000)
Unrestricted
income funds:
General fund 2,657,907 (2,525,815) (132,091)
Designated
funds:
Capital reserve fund 48,260 (25,600) 47,971 70,631
Contingency
reserve fund		 100,000 100,000
Development
reserve fund		 269,032 (104,656) 164,374
SUS5 pension
deficit fund		 (1,465,922) 188,776 (1,277,146)
(1,048,630) 2,657,907 (2,551,415) (942,141)
(1,048,630) 2,732,907 (2,626,415) (942,141)
THE FUNDS OF THE GROUP
AND THE CHARITY 01August Transfers 31July
2Q21 Income Expenditure between funds 2022
Group
Restricted
income funds;
Retention
fund		 75,000 (75,000)
75,000 (75,000)
Unrestricted
income funds:
General fund 2,180,494 (2,123,292) (57,202)
Designated
funds:
Capital reserve fund 18,138 (15,204) 45,326 48,260
Contingency
reserve fund		 100,000 100,000
Development
reserve fund		 322,926 (53,894) 269,032
SUSSpension
deficit fund		 (1,531,692) 65,770 (1,465,922)
(1,090,628) 2,180,494 (2,138,496) (1,048,630)
(1,090,628) 2,255,494 (2,213,496) (1,048,630)

.
ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Fixed Current Current Provisions for Total
Group assets assets liabilities liabilities 2Q23
Restricted income funds:
Unrestricted
income funds:
Designated
funds:
Capital reserve fund 70,631 70,631
Contingency
reserve fund		 100,000 100,000
Development
reserve fund		 3Q4,361 (139,987) 164,374
SUSSpension deficit fund (1,277,146) (1,277,146)
NET LIABILITIES 70,631 404,361 (139,987) (1,277,146) (942,141)
Fixed Current Current Provisions for Total
Charity assets assets )tab&l&ties liabilities 2023
Restricted
income funds:
Unrestricted
income funds:
Designated
funds:
Capital reserve fund 70,631 70,631
Contingency
reserve fund		 100,000 100,000
Development
reserve fund		 441,858 (139,987) 301,871
SUSSpension deficit fund (1,277,146) (1,277,146)
NET LIABILITIES 70,631 541,858 (139,987) (1,277,146) (804,645)

BETWEEN FUNDS
(continued)
Fixed Current Current Provisions for Total
Group assets assets liabilities liabilities 2022
Restricted income funds:
Unrestricted
income funds:
Designated
funds:
Capitalreserve
fund		 48,260 48,260
Contingency
reserve fund		 100,000 100,000
Development
reserve fund		 464,989 (195,957) 269,032
SUSS pension
deficit fund		 (1,465,922} (1,465,922)
NET LIABILITIES 48,260 564,989 (195,957) (1,465,922) (1,048,630)
Fixed Current Current Provisions for Tota
I
Charity assets assets liabilities liabilities 2022
Restricted
income funds:
General fund
Unrestricted
income funds:
Designated
funds:
Capital reserve fund 48,260 48,260
Contingency
reserve fund		 100,000 100,000
Development
reserve fund		 586,076 (195,957) 390,119
SUSS pension deficit fund (1,465,922} (1,465,922)
NET LIABILITIES 48,262 686,076 (195,957) (1,465,922) (927,541)

19. RECONCILIATION
OF NET INCOME TO NET CASH
PROVIDED BYOPERATING ACTIVITIES Group 2023 Charity 2023 Group 2022 Charity 2022
E E E E
Net income for the reporting period 106,488 106,488 41,998 102,488
Adjustments
for:
Dividends,
interest		 and rents from investments (5) (5) (81) (81)
Depreciation
charges		 25,600 25,600 15,204 15,204
Increase
in stock		 (4,529) (4,529) 5,778 5,775
Decrease in debtors 52,267 52,267 (50,828) (104,125)
Decrease in creditors (55,970) (55,970) 18,297 18,297
Increase
in provisions		 (188,776) (188,776) (65,770) (65,770)
Net cash used in operating activities (64,923) (64,923) (35,402) (28,212)
20. ANALYSIS OF CASH AND CASH
EQUIVALENTS Group 2023 Charity 2023 Group 2022 Charity 2022
E E E E
Cash at bank and in hand 256,265 256,265 369,154 369,154
21, FINANCIAL IN5TRUMENTS Group 2023 Charity 2023 Group 2022 Charity 2022
E E E E
Carrying amount of financial assets:
Equity instruments measured at fair value
Debt instruments
measured		 at arnortised
cost 27,414 27,414 64,281 64,281
Carrying amount of financiai liabilities:
Measured at amortised cost 139,987 139,987 110,843 110,843
22. OPERATING
LEASE		 COMMITMENTS
Group 2023 Charity 2023 Group 2022 Charity 2022
Plant and machinery