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|||Page|
|---|---|---|
|Reference and Administrative<br>Details ofthe Charity,|its Trustees and Advisers|1-2|
|Trustees'<br>Report|||
|Trustees'<br>Responsibilities<br>Statement|||
|Independent<br>Auditors'<br>Report on the Financial Statements||12-15|
|Consolidated<br>Statement of Financial Activities||16|
|Consolidated<br>Balance Sheet||17|
|Charity Balance Sheet||18|
|Consolidated<br>Statement ofCash Flows||19|
|Notes to the Financial Statements||20-44|





## 

|Sabbatical|Sabbatical|Officers|2023/24 (From 1 July 2023 to 30June 2024)|2023/24 (From 1 July 2023 to 30June 2024)|2023/24 (From 1 July 2023 to 30June 2024)|||
|---|---|---|---|---|---|---|---|
||||Tonari Arikekpar,<br>President<br>(Chair ofthe Board)|||||
||||Daniella<br>Marley, VP Wellbeing||and Diversity|||
||||Darcie Jones, VP Education|||||
||||Isla Symons, VP Activities|||||
||||2022/23 (From<br>1 July 2022 to 30June 2023)|||||
||||Daniella<br>Marley, President|(Chair ofthe Board)||||
||||Joshua<br>Borokinni, VP Wellbeing||and Diversity|||
||||Tonari Arikekpar,<br>VP Education|||||
||||Mitch Laughton,<br>VP Activities|||||
|Student|Trustees||Charles Gage (resigned 30June 2023)|||||
||||Aira Ong (resigned 27 October||2022)|||
||||Oliver Smith (resigned 30|June|2023)|||
||||Vivian<br>Hocking MBCS (appointed<br>1 July 2023)|||||
||||Zachary Patel (appointed|16January 2023)||||
||||Zoe Pearson<br>(appointed<br>1|July|2023)|||
||||Harry Simpson<br>(appointed|28 October 2022)||||
||||Kolawole Ogunsakin<br>(appointed||28 October 2022, resigned|16Ja|nuary 2023)|
|External|Trustees||Jane Hopkinson,<br>(Deputy|Chair|ofthe Board)|||
||||James Hemsley|||||
||||Graham<br>Stirling (resigned|30 June 2023)||||
||||Helen Cocks (resigned<br>3 April 2023)|||||
||||David De-Beger (appointed|23 August 2023)||||
||||Naomi Wrigley (appointed|23 August 2023)||||
|Company|registered|||||||
|number|||10676070|||||
|Charity registered||||||||
|number|||1172830|||||
|Principal|Office||Students'<br>Union<br>Building|||||
||||University<br>of Plymouth|||||
||||Drake Circus|||||
||||Plymouth|||||
||||PL4 8AA|||||
|Chief Executive|||Nicky Goldthorpe|||||
|Independent||auditors|Bishop Fleming<br>LLP|||||
||||Chartered<br>Accountants|||||
||||Salt Quay House|||||
||||4 North East Quay|||||
||||Sutton Harbour|||||
||||Plymouth|||||
||||PL4 OBN|||||





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|The Trustees have agreed t|he following<br>k|ey p|erf|or|man|ce<br>indic|ators:||||
|---|---|---|---|---|---|---|---|---|---|---|
|Question||||||Data||2022/23|Target|2023/24|
|||||||Source|||2023/24||
|% of students<br>agree we have a positive||impact|||on|Annual||79%|85%||
|their student<br>experience||||||Survey|||||
|% of students<br>satisfied<br>with|UPSU|||||Annual||87%|90%||
|||||||Surve|||||
|% of students<br>who<br>agree|that<br>the<br>SU|represents||||National||58%|65%|74.7%|
|students'<br>academic interests|well or very well.|||||Student|||||
|||||||Survey|||||
|% of students<br>who<br>feel<br>that<br>they<br>belong|||to|the||Annual||68%|81%||
|student<br>communit<br>at Pl mouth||||||Surve|||||
|%of students<br>agree "UPSU|has a positive|impact|||on|Annual||75%|80%||
|the academic ex erience of|students"|||||Surve|||||
|%of students<br>agree "UPSU|has a positive|impact|||on|Annual||71%|75%||
|the wellbeing<br>of students"||||||Survey|||||
|of students<br>agree<br>"UPSU<br>provides||services,||||Annual||82%|85%||
|activities and events that are entertaining||and|fun"|||Survey|||||
|% of staff who<br>would<br>positively<br>recommend|||UPSU|||Staff Survey||n/a|84%||
|as a place to work|||||||||||
|Free<br>reserves<br>in<br>line<br>with|the<br>policy|agreed|||by|Line||f643k|6600K||
|Trustees||||||Mana|er||||
|% of students<br>agree<br>with|the statement|"UPSU|||is|Annual||71%|75%||
|democratic<br>and accountable|to members"|||||Surve|||||
|% ofstudents<br>that say that the communications||||they||Annual||74%|75%||
|see from the SU are interestin<br>/en<br>a<br>in||||||Surve|||||





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|Risk Theme|Risk|Risk||||||||Miti||atin<br>Actions||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Commercial|Reduction|||in|expected|||income|||~|Increased<br>variety ofofferings||
|Income|from|commercial|||||operations||||~|Monitor competition||
||||||||||||~|Continued<br>exploration<br>of revenue<br>diversification||
||||||||||||~|Price advantage<br>due to NUSSL membership||
||||||||||||~|Regular financial forecasting||
|Funding|No|increase||||in|block||grant||~|Budgeting<br>and forecasting||
||funding||from||University||||||~|Relationship<br>with key UoP staff||
||||||||||||~|SU UEG meetings||
||||||||||||~|Benchmarking<br>other SU block grants||
||||||||||||~|Articulation<br>ofvalue for money of SU||
|Relationship|Poor||relationship||||with||key||~|Representatives<br>and staff sit on key|university|
|with|university|||staff||members|||and|||committees||
|University|lack|of|understanding|||||of|value||~|Regular meetings<br>in place||
||of|the||SU|to||the|student|||~|Articulation<br>ofvalue for money of SU||
||experience||||||||||~|Presentations<br>and reports to university|staff and|
|||||||||||||committees||





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||||Unrestricted|||||
|---|---|---|---|---|---|---|---|
||||funds-||Unrestricted|||
||||pension|Restricted|funds-|Total|Total|
||||liability|funds|general|funds|funds|
|||Note|2023<br>E|2023|2023|2023f|2022|
|INCOME AND||||||||
|ENDOWMENTS||||||||
|FROM:||||||||
|Donations<br>and legacies|||||2,103,996|2,103,996|2,113,893|
|Charitable<br>activities||||766,880|2,361,934|3,128,814|2,838,139|
|Investments|||||23,056|23,056|4,017|
|TOTAL INCOME AND||||||||
|ENDOWMENTS||||766,880|4,488,986|5,255,866|4,956,049|
|EXPENDITURE ON:||||||||
|Raising funds|||||54|54|60|
|Charitable<br>activities|||98,591|737,821|4,521,351|5,357,763|4,620,742|
|TOTAL||||||||
|EXPENDITURE|||98,591|737,821|4,521,405|5,357,817|4,620,802|
|NET INCOME/||||||||
|(EXPENDITURE)||||||||
|BEFORE NET||||||||
|GAINS/ (LOSSES)||||||||
|ON INVESTMENTS|||(98,591)|29,059|(32,419)|(101,951)|335,247|
|Net gains/(losses)|on|||||||
|investments|||||(7,040)|(7,040)|(14,014)|
|NET INCOME<br>/||||||||
|(EXPENDITURE)|||(98,591)|29,059|(39,459)|(108,991)|321,233|
|Transfers<br>between||||||||
|funds||21||(11,866)|11,866|||
|NET MOVEMENT|IN|||||||
|FUNDS|||(98,591)|17,193|(27,593)|(108,991)|321,233|
|RECONCILIATION|OF|||||||
|FUNDS:||||||||
|Total funds brought||||||||
|forward|||(1,617,178)|295,151|1,412,504|90,477|(230,756)|
|Net movement<br>in funds|||(98,591)|17,193|(27,593)|(108,991)|321,233|
|TOTAL FUNDS||||||||
|CARRIED||||||||
|FORWARD|||(1,715,769)|312,344|1,384,911|(18,514)|90,477|





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||||||||As restated|
|---|---|---|---|---|---|---|---|
||||||2023||2022|
||||Note||F||E|
|FIXEDASSETS||||||||
|Tangible assets|||15||413,166||443,940|
|Investments|||16||184,802||190,436|
||||||597,968||634,376|
|CURRENT ASSETS||||||||
|Stocks|||17|140,799||112,380||
|Debtors|||18|130,348||118,641||
|Cash at bank and|in hand||25|1,703,157||1,670,158||
|||||1,974,304||1,901,179||
|Creditors: amounts|falling due within one|||||||
|year|||19|(875,017)||(827,900)||
|NET CURRENT ASSETS|||||1,099,287||1,073,279|
|TOTAL ASSETS|LESSCURRENT|||||||
|LIABILITIES|||||1,697,255||1,707,655|
|Creditors: amounts|falling due after more|||||||
|than one year|||20||(1,715,769)||(1,617,178)|
|TOTAL NET ASSETS/ (LIABILITIES)|||||(18,514)||90,477|
|CHARITY FUNDS||||||||
|Unrestricted<br>-pension||liability|21||(1,715,769)||(1,617,178)|
|Restricted<br>funds|||21||312,344||295,151|
|Unrestricted<br>funds|||21||1,384,911||1,412,504|
|TOTAL FUNDS|||||(18,514)||90,477|





||||||||As restated|
|---|---|---|---|---|---|---|---|
||||||2023||2022|
||||Note||f.|||
|FIXEDASSETS||||||||
|Tangible assets|||15||413,166||443,940|
|Investments|||16||184,803||190,437|
||||||597,969||634,377|
|CURRENT ASSETS||||||||
|Stocks|||17|140,799||112,380||
|Debtors|||18|130,372||119,551||
|Cash at bank and|in hand||25|1,703,146||1,669,207||
|||||1,974,317||1,901,138||
|Creditors: amounts|falling due within one|||||||
|year|||19|(874,696)||(827,579)||
|NET CURRENT ASSETS|||||1,099,621||1,073,559|
|TOTAL ASSETS|LESSCURRENT|||||||
|LIABILITIES|||||1,697,590||'I,707,936|
|Creditors: amounts|falling due after more|||||||
|than one year|||20||(1,715,769)||(1,617,178)|
|TOTAL NET ASSETS/||(LIABILITIES)|||(18,179)||90,758|
|CHARITY FUNDS||||||||
|Unrestricted<br>-pension||liability|21||(1,715,769)||(1,617,178)|
|Restricted<br>funds|||21||312,344||295,151|
|Unrestricted<br>funds|||21||1,385,246||1,412,785|
|TOTAL FUNDS|||||(18,179)||90,758|





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||||||As restated|
|---|---|---|---|---|---|
|||||2023|2022|
||||Note|||
|CASH FLOWS FROM OPERATING ACTIVITIES||||||
|Net cash provided<br>by operating<br>activities|||24|77,005|42,105|
|CASH FLOWS FROM INVESTING|ACTIVITIES|||||
|Proceeds from the sale oftangible|fixed assets|||900||
|Purchase<br>of tangible<br>fixed assets||||(60,922)|(49,373)|
|Gain/ (loss) on investments||||(7,040)|14,014|
|Interest received||||23,056|4,017|
|NET CASH PROVIDED BY/ (USED IN) INVESTING ACTIVITIES||||(44,006)|(31,342)|
|CHANGE<br>IN CASH AND CASH EQUIVALENTS||||32,999|10,763|
|Cash and cash equivalents<br>at the beginning||ofthe year||1,670,158|1,659,395|
|CASH AND CASH EQUIVALENTS|AT THE|END OF THE YEAR|25|1,703,157|1,670,158|





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||||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2023|2023|2023|2022|
|||||||E||F|
||Donations|||||||6,736|
||University<br>Block Grant|||||2,103,996|2,103,996|2,103,995|
||COVID-19 CJRS Grant|||||||3,162|
||TOTAL 2023|||||2,103,996|2,103,996|2,113,893|
||TOTAL 2022||||3,162|2,110,731|2,113,893||
|5.|INCOME FROM CHARITABLE ACTIVITIES||||||||
||||||Restricted|Unrestricted|Total|Total|
||||||funds|funds|funds|funds|
||||||2023|2023|2023|2022|
|||||||F|||
||Retail and other|trade||||2,137,422|2,137,422|2,076,501|
||COVID student|testing|income|||||10,884|
||Representation|and Representation|||||||
||sponsorship|||||1,350|1,350|2,068|
||Sports and Recreation||Members|Contributions||201,301|201,301|137,748|
||Sports and Recreation||Sponsorship|||3,911|3,911|11,598|
||Income from charitable||activities-||||||
||Representation|sponsorship||||8,000|8,000|39,395|
||External<br>funding|grants||||9,950|9,950|960|
||Clubs and societies||||766,880||766,880|558,985|
||TOTAL 2023||||766,880|2,361,934|3,128,814|2,838,139|
||TOTAL 2022||||558,985|2,279,154|2,838,139||





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## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
||||F||
|Investment|income|23,056|23,056|4,017|
|TOTAL 2022||4,017|4,017||



## 

||||Unrestricted|||||
|---|---|---|---|---|---|---|---|
||||funds-|||||
||||pension|Restricted|Unrestricted|||
||||liability|funds|funds|Total|Total|
||||2023|2023|2023|2023|2022|
|||||F|E|f.||
|Retail and Other|Trade||||2,235,602|2,235,602|2,180,039|
|Welfare|||||208,117|208,117|195,827|
|Representation|and|||||||
|Representation|Sponsorship||||954,633|954,633|926,855|
|Societies, Sports and||||||||
|Recreation<br>Sponsorship|||||1,046,191|1,046,191|926,970|
|FRS102 Pension||Deficit||||||
|Liability|||98,591|||98,591|(246,485)|
|COVID-19 Student||Testing|||||1,612|
|Governance|||||76,808|76,808|73,016|
|Clubs and Societies||||737,821||737,821|562,908|
|TOTAL 2023|||98,591|737,821|4,521,351|5,357,763|4,620,742|
|TOTAL 2022|||(246,485)|566,070|4,301,157|4,620,742||





## 

## 

|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2022|
||||||F|F|
||Governance|Auditors'|remuneration|14,800|14,800|14,300|
||Trustee Board expenses|||796|796|384|
||Executive travel and phone expenses|||1,164|1,164|1,246|
||Support staff|costs||34,696|34,696|32,058|
||Support facilities costs|||42,112|42,112|40,958|
||TOTAL 2023|||93,568|93,568|88,946|
||TOTAL 2022|||88,946|88,946||
|9.|STAFF 8 FACILITIES||SUPPORT COSTS||||



|STAFF|8 FACILITIES SUPPORT COSTS|||
|---|---|---|---|
|||2023|2022|
|||P|F|
|Wages|and salaries|693,958|641,162|
|Training|costs|14,588|6,287|
|General|adminstration|162,927|152,378|
|Legal and professional||47,271|39,659|
|Depreciation||25,215|27,591|
|Rent||580,752|580,752|
|Other expenses||11,478|12,512|
|||1,536,189|1,460,341|





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## 

|Support costs d|etailed|above|are appo|rtion|ed<br>to projects as|below:|||
|---|---|---|---|---|---|---|---|---|
||||Basis|of|Support staff|Facilities|Total costs|Total costs|
|||apportionment|||2023|costs 2023|2023|2022|
|||||0/|E|E|E|E|
|Retail and other|trade|||30|208,188|252,669|460,857|438,103|
|Societies, Sports and||||20|138,792|168,446|307,238|292,068|
|Recreation|||||||||
|Welfare||||7|48,577|58,956|107,533|102,224|
|Representation|and|||38|263,705|320,048|583,753|554,930|
|Representation|||||||||
|Sponsorship|||||||||
|Governance|||||34,696|42,112|76,808|73,016|
|Total costs apportioned|||100||693,958|842,231|1,536,189|1,460,341|
|NET INCOME|||||||||
|This is stated after charging:|||||||||
||||||||2023f|2022<br>F|
|Depreciation<br>of|tangible|fixed assets|||||88,883|139,749|
|Auditors'<br>remuneration||- audit|||||12,580|12,155|
|Auditors'<br>remuneration||-other|services||||2,220|2,145|
|Operating<br>lease|rentals||||||580,752|580,752|
|Profit/(loss)<br>on the sale||offixed assets|||||2,813|1,409|
||||||||687,248|736,210|





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## 

||||Activities||||
|---|---|---|---|---|---|---|
||||undertaken|Support|Total|Total|
||||directly|costs|funds|funds|
||||2023|2023|2023|2022|
||||P.|E|E|F|
|Retail and Other|Trade||1,774,745|460,857|2,235,602|2,180,039|
|Welfare|||100,584|107,533|208,117|195,827|
|Representation|and Representation||||||
|Sponsorship|||370,880|583,753|954,633|926,855|
|Sports and Recreation||Sponsorship|738,953|307,238|1,046,191|926,970|
|FRS102 Pension|Deficit Liability||98,591||98,591|(246,485)|
|COVID-19 Student Testing||||||1,612|
|Governance||||76,808|76,808|73,016|
|Clubs and Societies|||737,821||737,821|562,908|
|TOTAL 2023|||3,821,574|1,536,189|5,357,763|4,620,742|
|TOTAL 2022|||3,160,400|1,460,342|4,620,742||



## 

|||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2023f|2022|2023<br>F|2022<br>E|
|Wages and salaries||||||1,802,224|1,682,283|1,802,224|1,682,283|
|Social security costs||||||122,659|108,084|122,659|108,084|
|Contribution|to defined||contribution||pension|||||
|schemes||||||62,827|55,787|62,827|55,787|
|Operating|costs|of defined||benefit|pension|||||
|schemes||||||121,119|112,749|121,119|112,749|
|FRS102pension||deficit|liability|||98,591|(246,485)|98,591|(246,485)|
|||||||2,207,420|1,712,418|2,207,420|1,712,418|





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|---|---|
|2023|2022|
|No.|No.|



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||Short-term|||
|---|---|---|---|
||leasehold|Fixtures and||
||property<br>F|fittings<br>f|Total<br>E|
|COST OR VALUATION||||
|At 1 August 2022|652,594|331,211|983,805|
|Additions||60,922|60,922|
|Disposals||(21,794)|(21,794)|
|At 31 July 2023|652,594|370,339|1,022,933|
|DEPRECIATION||||
|At 1 August 2022|262,425|277,440|539,865|
|Charge for the year|59,998|28,885|88,883|
|On disposals||(18,981)|(18,981)|
|At 31 July 2023|322,423|287,344|609,767|
|NET BOOK VALUE||||
|At 31 July 2023|330,171|82,995|413,166|
|At 31 July 2022|390,169|53,771|443,940|





## 

|||||Investments|
|---|---|---|---|---|
|GROUP||||F|
|COST OR VALUATION|||||
|At 1 August 2022 (as previously|stated)|||267,538|
|Prior year adjustment||||(77,102)|
|At 1 August 2022 (as restated)||||190,436|
|Revaluations||||(5,634)|
|AT 31 JULY 2023||||184,802|
|NET BOOK VALUE|||||
|AT 31 JULY 2023||||184,802|
|AT 31 JULY 2022 (as restated)||||190,436|
|||Investments|||
|||in|||
|||subsidiary|||
|CHARITY||companies<br>E|Investments<br>f|Total<br>E|
|COST OR VALUATION|||||
|At 1 August 2022 (as previously|stated)||267,538|267,539|
|Prior year adjustment|||(77,102)|(77,102)|
|At 1 August 2022 (as restated)|||190,436|190,437|
|Revaluations|||(5,634)|(5,634)|
|AT 31 JULY 2023|||184,802|184,803|
|NET BOOK VALUE|||||
|AT 31 JULY 2023||1|184,802|184,803|
|AT 31 JULY 2022<br>(as restated)||1|190,436|190,437|





## 

## 

||PRINCIPAL|SUBSIDIARIES|SUBSIDIARIES|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The following|was a subsidiary||undertaking||ofthe Charity:||||||||
||Name|||Company|||Registered|office|or principal|||Principal|activity|
|||||number|||place of business|||||||
||UPSU Trading||Limited|09689028|||University|of Plymouth||||Running|events|
||||||||Students'|Union,|University||of|||
||||||||Plymouth,|Drake|Circus,|||||
||||||||Plymouth,|Devon, PL4||8AA.||||
||Class of|Holding||||||||||||
||shares|||||||||||||
||Ordinary||100%|||||||||||
||The financial|results ofthe subsidiary|||for the year were:|||||||||
||Name||||||Expendituref|||Loss||for the<br>yearf|Net assets<br>f.|
||UPSU Trading||Limited||||||(54)|||(54)|(334)|
|17.|STOCKS|||||||||||||
||||||||Group||Group|||Charity|Charity|
||||||||2023||2022|||2023|2022|
|||||||||F||F||F|E|
||Finished goods||and goods for|resale|||140,799||112,380|||140,799|112,380|





## 

|||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2023|2022|2023|2022|
|||||||E||||
|DUE WITHIN||ONE YEAR||||||||
|Trade debtors||||||'I1,305|33,457|11,329|33,481|
|Amounts<br>owed||by|group undertakings||||||886|
|Other debtors||||||62,715|9,602|62,715|9,602|
|Prepayments|and||accrued|income||56,328|75,582|56,328|75,582|
|||||||130,348|118,641|130,372|119,551|
|CREDITORS:||AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
|||||||Group|Group|Charity|Charity|
|||||||2023|2022|2023|2022|
|||||||E||||
|Trade creditors||||||629,532|651,604|629,211|651,283|
|Other taxation||and|social security|||96,112|39,765|96,112|39,765|
|Other creditors||||||56,308|61,170|56,308|61,170|
|Accruals and deferred<br>income||||||93,065|75,361|93,065|75,361|
|||||||875,017|827,900|874,696|827,579|
|||||||Group|Group|Charity|Charity|
|||||||2023|2022|2023|2022|
|||||||f.|E|E||
|Deferred<br>income at 1 August 2022||||||4,780|49,644|4,780|49,644|
|Resources deferred|||during|the year||4,799|4,780|4,799|4,780|
|Amounts<br>released|||from previous||periods|(4,780)|(49,644)|(4,780)|(49,644)|
|||||||4,799|4,780|4,799|4,780|



## 



## 

## 

|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023f|2022<br>F|2023|2022<br>E|
|Other|creditors|1,715,769|1,617,178|1,715,769|1,617,178|



||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2023<br>F|2022<br>E|2023f|2022|
|Payable|or|repayable|by|instalments|1,715,769|1,617,178|1,715,769|1,617,178|





## 

## 

## 

|||Balance at 1|||Transfers|Gains/|Balance at|
|---|---|---|---|---|---|---|---|
|||August 2022|Income|Expenditure|in/out|(Losses)|31 July 2023|
|||E||||F|F|
|UNRESTRICTED||||||||
|FUNDS||||||||
|DESIGNATED||||||||
|FUNDS||||||||
|Capital reserves||472,939||(91,695)|31,922||413,166|
|Staffing reserve||38,930|||||38,930|
|External/<br>Matched||||||||
|funding||22,663|||||22,663|
|Digital and||||||||
|technology|fund|30,000|||||30,000|
|Sport development||||||||
|reserve||8,000|||||8,000|
|Buildings<br>repair||||||||
|fund||12,500|||||12,500|
|Gym reserve||32,000|||||32,000|
|Facilities||||||||
|development||||||||
|reserve||34,901|||||34,901|
|Pension<br>deficit||||||||
|reserve||150,000|||||150,000|
|||801,933||(91,695)|31,922||742,160|





## 

## 

## 

||Balance at I|||Transfers|Gains/|Balance at|
|---|---|---|---|---|---|---|
||August 2022f|Income<br>f|Expenditure<br>f.|in/out<br>f|(Losses)<br>E|31 July 2023|
|GENERAL FUNDS|||||||
|Free reserves|610,852|4,488,986|(4,429,656)|(20,056)|(7,040)|643,086|
|Trading<br>subsidiary|(281)||(54)|||(335)|
||610,571|4,488,986|(4,429,710)|(20,056)|(7,040)|642,751|
|TOTAL|||||||
|UNRESTRICTED|||||||
|FUNDS|1,412,504|4,488,986|(4,521,405)|11,866|(7,040)|1,384,911|
|PENSION|||||||
|LIABILITY|||||||
|Unrestricted<br>pension<br>liability|(1,617,178)||(98,591)|||(1,715,769)|
||Balance at 1|||Transfers|Gains/|Balance at|
||August 2022<br>E|Income<br>f|Expenditure<br>F|in/out|(Losses)<br>F|31 July 2023<br>E|
|RESTRICTED|||||||
|FUNDS|||||||
|Clubs and societies|295,151|766,880|(737,821)|(11,866)||312,344|
|TOTAL OF FUNDS|90,477|5,255,866|(5,357,817)||(7,040)|(18,514)|





## 

## 

## 

|||Balance at||||||
|---|---|---|---|---|---|---|---|
|||1 August|||Transfers|Gains/|Balance at|
|||2021|Income|Expenditure|in/out|(Losses)|31 July 2022|
|||E|F||E|E|F|
|UNRESTRICTED||||||||
|FUNDS||||||||
|DESIGNATED||||||||
|FUNDS||||||||
|Capital reserves||574,428|6,736|(106,055)|(2,170)||472,939|
|Staffing reserve||22,122||(3,192)|20,000||38,930|
|External/<br>Matched||||||||
|funding||23,364||(701)|||22,663|
|Digital and||||||||
|technology|fund|20,000|||10,000||30,000|
|Sport development||||||||
|reserve|||||8,000||8,000|
|Buildings<br>repair||||||||
|fund||12,500|||||12,500|
|Gym reserve|||||32,000||32,000|
|Facilities||||||||
|development||||||||
|reserve||34,901|||||34,901|
|Pension<br>deficit||||||||
|reserve||150,000|||||150,000|
|||837,315|6,736|(109,948)|67,830||801,933|





## 

## 

||Balance at||||||
|---|---|---|---|---|---|---|
||1 August|||Transfers|Gains/|Balance at|
||2021|Income|Expenditure|in/out|(Losses)|31 July 2022|
||P|E||f.|F|F|
|GENERAL FUNDS|||||||
|Free reserves|471,396|4,387,166|(4,191,209)|(42,487)|(14,014)|610,852|
|Trading<br>subsidiary|(221)||(60)|||(281)|
||471,175|4,387,166|(4,191,269)|(42,487)|(14,014)|610,571|
|TOTAL|||||||
|UNRESTRICTED|||||||
|FUNDS|1,308,490|4,393,902|(4,301,217)|25,343|(14,014)|1,412,504|
|PENSION|||||||
|LIABILITY|||||||
|Pension<br>liability|(1,863,663)||246,485|||(1,617,178)|
||Balance at||||||
||1 August|||Transfers|Gains/|Balance at|
||2021|Income|Expenditure|in/out|(Losses)|31 July 2022|
|||E||E|F|E|
|RESTRICTED|||||||
|FUNDS|||||||
|Clubs and societies|324,417|558,985|(562,908)|(25,343)||295,151|
|COVID-19 Grant||3,162|(3,162)||||
||324,417|562,147|(566,070)|(25,343)||295,151|
|TO'TAL OF FUNDS|(230,756)|4,956,049|(4,620,802)||(14,014)|90,477|





## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

||||Balance at 1|||Transfers|Gains/|Balance at|
|---|---|---|---|---|---|---|---|---|
||||August 2022|Income|Expenditure|in/out|(Losses)|31 July 2023|
||||F||F||F.||
|Designated|||||||||
|funds|||801,933||(91,695)|31,922||742,160|
|General|funds||610,571|4,488,986|(4,429,710)|(20,056)|(7,040)|642,751|
|Pension|liability||(1,617,178)||(98,591)|||(1,715,769)|
|Restricted||funds|295,151|766,880|(737,821)|(11,866)||312,344|
||||90,477|5,255,866|(5,357,817)||(7,040)|(18,514)|
|SUMMARY OF|||FUNDS - PRIOR|YEAR|||||
||||Balance at||||||
||||1 August|||Transfers|Gains/|Balance at|
||||2021|Income|Expenditure|in/out|(Losses)|31 July 2022|
||||E|F|F|F|F|F.|
|Designated|||||||||
|funds|||837,315|6,736|(109,948)|67,830||801,933|
|General|funds||471,175|4,387,166|(4,191,269)|(42,487)|(14,014)|610,571|
|Pension|liability||(1,863,663)||246,485|||(1,617,178)|
|Restricted||funds|324,417|562,147|(566,070)|(25,343)||295,151|
||||(230,756)|4,956,049|(4,620,802)||(14,014)|90,477|



## 

|ANALYSIS O|F NET ASSETS BETWEEN|FUNDS - CURRENT|YEAR|||
|---|---|---|---|---|---|
|||Unrestricted||||
|||-pension|Restricted|Unrestricted|Total|
|||liability|funds|funds|funds|
|||2023|2023|2023|2023|
|||F|F|F|F|
|Tangible fixed|assets|||413,166|413,166|
|Fixed asset investments||||184,802|184,802|
|Current assets|||312,344|1,661,960|1,974,304|
|Creditors due|within one year|||(875,017)|(875,017)|
|Creditors due|in more than one year|(1,715,769)|||(1,715,769)|
|TOTAL||(1,715,769)|312,344|1,384,911|(18,514)|





||||Unrestricted||||
|---|---|---|---|---|---|---|
||||- pension|Restricted|Unrestricted|Total|
||||liability|funds|funds|funds|
||||2022|2022|2022|2022|
|||||F|||
|Tangible|fixed|assets|||443,940|443,940|
|Fixed asset investments|||||190,436|190,436|
|Current|assets|||295,151|1,606,028|1,901,179|
|Creditors|due|within one year|||(827,900)|(827,900)|
|Creditors|due|in more than one year|(1,617,178)|||(1,617,178)|
|TOTAL|||(1,617,178)|295,151|1,412,504|90,477|



||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
|||||||||||E|
|Net<br>income/expenditure<br>for||the|year|(as|per|Statement|of|Financial|||
|Activities)|||||||||(108,991)|321,233|
|ADJUSTMENTS FOR:|||||||||||
|Depreciation<br>charges|||||||||88,883|139,749|
|(Gains)/ loss on investments|||||||||7,040|(14,014)|
|Interest received|||||||||(23,056)|(4,017)|
|Profit/ (loss) on the sale offixed assets|||||||||(2,813)|(1,409)|
|Decrease/ (increase)|in stocks||||||||(28,419)|(21,508)|
|Decrease/<br>(increase)|in debtors||||||||(11,707)|(13,635)|
|Increase/ (decrease)|in creditors||||||||156,068|(364,294)|
|NET CASH PROVIDED BYOPERATING||||ACTIVITIES|||||77,005|42,105|





## 

## 

## 

||||||||Group|
|---|---|---|---|---|---|---|---|
|||||||Group|As restated|
|||||||2023|2022|
||||||||E|
|Cash|in|hand||||1,703,157|1,670,158|
|TOTAL||CASH|AND|CASH|EQUIVALENTS|1,703,157|1,670,158|



## 

|At|1 August|||
|---|---|---|---|
||2022 (as||At 31 July|
||restated)|Cash flows|2023|
||f|E|F|
||1,670,158|32,999|1,703,157|





## 

## 




## 

## 

## 

## 

||||2023|2022|
|---|---|---|---|---|
||||F|f.|
|National|Union of|Students|7,500|7,225|
|NUS Services membership|||380|380|
|Advice UK|||276|263|
|British Universities||and Colleges Sports|11,610|10,760|
|NASMA|membership||350|420|
|WonkHE|||3,936|3,770|
||||24,052|22,818|