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|||||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|
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|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||||||||
##
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