| Reference andAdministrationDetails | Page1 |
|---|---|
| Officer TrusteeTeamReport | Page3 |
| Trustees'Report | Page5 |
| StatementofTrusteesResponsibilities | Page13 |
| lndependentAuditor'sReport | Page14 |
| StatementofFinancial Activities | Page18 |
| Balance Sheet | Page19 |
| Statement ofCashFlows | Page 20 |
| Notes totheFinancial Statements | Page21 |
| ommitteeofStMary's Students ugust 2O21lo31stJuly 2022. |
'Union.Student Trustees are appointedt |
|---|---|
| Board Members2021122 | PositionÆitleHeld |
| MissTaylaNisbet MissVictoriaCalvino |
SportPresidenVOfficerTrustee(Chair) EducationPresident/OfficerÏrustee |
| MrAhmedEl Hana | StudentLife PresidenVOfficer Trustee |
| MrAidanCavanagh-Parsons | Student Trustee |
| DrVeronicaFulton | ExternalTrustee |
| MsSheelaPatel | External Trustee |
| Mr Matthew Courtney | ExternalTrustee |
| heBoardtor2022123(takenoffi | ce asof1July2022), are as follows: | |
|---|---|---|
| BoardMembers2022/23 | PositionÆitleHeld | |
| MrGeorgeChaplin | EducationPresident/Officer Trustee | |
| MissCaitlinFinn | LifePresidenVOfficer Trustee | Cha |
| MrAhmedEl Hana | Student Trustee | |
| Miss Megan Jones | Student Trustee | |
| DrVeronicaFulton | ExternalTrustee | |
| MsSheelaPatel | ExternalTrustee | |
| Mr Matthew Courtney | External Trustee |
ST MARY'S STUDENTS, UNION TRUSTEES REPORT YEAR ENDED 31 JULY 2022 14
| Unrestricted | Restricted | Unrestricted | Restricted | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | Funds | Funds | Total | ||
| INCOMEANDENDOWMENTS FROM | Notes | 2022 t |
2022 Ê |
2022 Ê |
2021 Ê |
2021 Ê |
2021 Ê |
| Grants and Donations | 1 | 400,420 | 400,420 | 406,967 | 406,967 | ||
| Charitable activities | 2 | 45,487 | 4,501 | 49,989 | 22,829 | 622 1 |
24,451 |
| Other trading activities | 3 | 62,177 | 62,177 | 2,108 | 2,108 | ||
| lnvestments | 4 | 2 | 2 | ||||
| TOTAL | 508,084 | 4,501 | 512,585 | 431,906 | 1,622 | 433,528 | |
| EXPENDITUREON | |||||||
| Raising funds | 5 | 81,310 | 81,310 | 2,769 | 2,769 | ||
| Charitable activities | 6 | 408,890 | 18,862 | 427,752 | 376,512 | 1,310 | 377,822 |
| TOTAL | 490,200 | 18,862 | 509,062 | 379,281 | 1,310 | 380,591 | |
| NETTNCOME/(EXPENDTTURE) | 17,884 | (14,361) |
3,523 | 52,625 | 312 | 52,937 | |
| Transfersbetweenfunds | |||||||
| NET MOVEMENT IN FUNDS | 17,884 | (14,361) |
3,523 | 52,625 | 312 | 52,937 | |
| Reconciliation offunds: | |||||||
| Total Funds BroughtForward | 266,791 | 29,697 | 296,488 | 214,166 | 29,385 | 243,551 | |
| Total Funds CarriedForward | 284,675 | 15,336 | 300,011 | 266,791 | 29,697 | 296,489 | |
| Allactivities reportedaboverepresent continuing | activities |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Ê | î | Ê | Ê | |||
| FIXEDASSETS | ||||||
| Tangible Assets | 10 | 1,381 | ||||
| CURRENTASSETS | ||||||
| Debtors | 11 | 38,019 | 34,200 | |||
| Cashatbank and inhand | 579,463 | 594,854 | ||||
| TotalCurrent Assets | 617,482 | 629,054 | ||||
| LIABILITIES | ||||||
| Creditors:Amountsfallingduewithin one year |
12 | (318,852) | (332,566) | |||
| NET CURRENTASSETS | 298,630 | 296,488 | ||||
| TOTALNETASSETS | 14 | 300,011 | 296,488 | |||
| FUNDS | ||||||
| UnrestrictedGeneralFund | 13 | 284,675 | 266,791 | |||
| RestrictedFunds | 13 | 15,336 | 29,697 | |||
| TOTALFUNDS | 300,011 | 296,488 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Ê | Ê | |||||
| CASH FLOWSFROM OPERATINGACTIVITIES | ||||||
| Netcashflowsprovidedby(usedin)operating | activities | (13,550) | 33,874 | |||
| CASH FLOWSFROM INVESTINGACTIVITIES | ||||||
| Dividends, interest and rentsfrominvestments | 2 | |||||
| Purchaseofproperty, plant and equipment | (1,841| | |||||
| Netcash providedby(used in) investing activities | (1,841) | 2 | ||||
| NETCHANGEINCASH AND CASH EQUIVALENTS | 15,391) | 33,876 | ||||
| Cash and cash equivalents at the start of the year | 594,854 | 560 | 978 | |||
| Gashandcash equivalentsattheendof the year | 579,463 | 594,854 | ||||
| RECONCILIATIONOF OPERATING SURPLUSTONET | CASH INFLOWFROM OPERATING | |||||
| ACTIVITIES | ||||||
| 2022 tt |
2021 | |||||
| Netincome/(expenditure) for the financial year | 3,523 | 52,937 | ||||
| Adjustmentsfor: | ||||||
| Depreciation charge | 460 | 248 | ||||
| Dividends, interest and rentsfrominvestments | (2) | |||||
| (lncrease)/decreasein debtors | (3,81e) | (2,806) | ||||
| lncrease/(decrease)increditors | (13,714) | (16,503) | ||||
| Netcash providedby(usedin)operating activities | _rc,59qL | 33 | 874 | |||
| A)Components of cashandcash equivalents | ||||||
| Cashatbank and inhand | 579,463 | 594,854 | ||||
| B)Analysis of changes innetdebt | ||||||
| At Cash and CashEquivalents |
IAugust 2021 |
Cashflows | Non-Cash Changes |
At31July 2022 |
||
| Cash | 594,854 | (15,391) | 579,463 |
| .INCOME FROM GRANTSANDDONATIONS | ||
|---|---|---|
| 2022 t |
2021 Ê |
|
| Unrestricted Funds | ||
| Block GrantfromSt Mary's University | 400,360 | 405,000 |
| AdditionalFunding | 1,967 | |
| Donations | 60 | |
| 400 420 | __40pq7 |
| NOTES TOTHE FINANCIALSTATEME YEARENDED31JULY 2022 |
NTS | |
|---|---|---|
| 2022 Ê |
2021 I |
|
| Unrestricted: | ||
| Shop sales RagWeek |
13,853 750 |
6,204 554 |
| AUDinner | 12,788 | |
| Launderetteincome | 8,686 | 7,611 |
| Marketing GraduationBall |
929 2,069 |
2,423 |
| RefreshersWeek | 101 | |
| Miscellaneous | 6 311 | 6 037 |
| 45,487 | 22,829 | |
| Restricted: | ||
| Sports clubs Socialclubs |
4,501 | 434 I 188 |
| 4,501 | 1,622 | |
| 49,988 | 24,451 | |
| 3.INCOMEFROM OTHERTRADINGACTIVITIES | ||
| 2022 | 2021 | |
| g | Ê | |
| Unrestricted: | ||
| Freshers'Week | 44,603 | 2,108 |
| SummerBall | 17 574 | |
| 62 177 | 2,109 | |
| 4.INCOMEFROM INVESTMENTS | ||
| 2022 | 2021 | |
| € | € | |
| Unrestricted: | ||
| Bank lnterestreceivable | 2 | |
| 2 | ||
| 5.EXPENDITUREON RAISINGFUNDS | ||
| 2022 | 2021 | |
| Ê | Ê | |
| Unrestricted: | ||
| OfficialFunctions | 81,310 | 769 |
| 81,310 | 769 |
| YEARENDED31JULY20 | 22 | |
|---|---|---|
| 2022 | 2021 | |
| Ê | Ê | |
| Unrestricted: | ||
| Salaries, national insurance and pensions | 237,395 | 253,659 |
| Other staff costs | 7,979 | 9,049 |
| Shop cost of sales | 7,548 | 147 |
| Official functions | 27,773 | 8,032 |
| Security | 12,035 | |
| Depreciation | 460 | 248 |
| NUS Levy andexternalrelations | 10,662 | 16,995 |
| Sports clubs | 2,305 | |
| LegalandProfessional | 11,769 | 24,231 |
| Administration | 65,090 | 33,249 |
| lrrecoverable VAT | 20,030 | 30,820 |
| Accountancy | 1,500 | 3,640 |
| Auditorsremuneration | 6,650 | 6,500 |
| RefundforCancelled Event | (12,250) | |
| 408,890 | 376,512 | |
| Restricted | ||
| Sports clubs | 641 | |
| Social clubs | 18 862 | 669 |
| î427,752 | __8377,922- |
| STAFFCOSTSANDREMUNERATION | ||
|---|---|---|
| 2022 | 2021 | |
| f | € | |
| ïheaggregatepayroll costs were | ||
| Wages and salaries | 207,849 | 220,756 |
| National insurance costs Pension contributions |
19,759 I 787 |
21,098 11 904 |
| t237 395 | î253758 |
| 2022 I |
2021 I |
|
|---|---|---|
| Sport President Salary Education PresidentSalarY |
20,311 20,311 |
20,214 20,214 |
| StudentLife PresidentSalarY | ____20311- Ê60,933 |
20,214 160.642 |
| 10. TANGIBLEFIXEDASSETS | ||
|---|---|---|
| Office | ||
| Equipment | Total | |
| Gost | Ê | Ê |
| Asat1August2021 | 9,759 | 9,759 |
| Additions | 1,841 | 1,841 |
| Disposals | 035) | (9,035) |
| At31July2022 | 565 2 |
2,565 |
| Accumulated Depreciation | ||
| AsatIAugust2021 | 9,759 | 9,759 |
| Chargeforthe year | 460 | 460 |
| Disposals | (9,035) | (9,035) |
| At31July2022 | 184 1 |
184 1 |
| NetBookValue3'lJuly2022 | 1,381 | 1,381 |
| Net Book Value31July 2021 | ||
| II.DEBTORS |
| DEBTORS | ||
|---|---|---|
| 2022 | 2021 | |
| € | Ê | |
| TradeDebtors | 2,613 | |
| StMary's University | 4,290 | 10,732 |
| Prepayments | 721 | 1,440 |
| VATRecoverable | 30 395 | 22 028 |
| 38,019 | 34,200 |
| 12. CREDITORS | ||
|---|---|---|
| 2022 | 2021 | |
| Amountsfallingdue within oneyear | Ê | € |
| TradeCreditors | 9,410 | 449 |
| StMary's University | 290,505 | 307,148 |
| Accruals andDeferred lncome | 18,000 | 23,967 |
| Other Creditors | 937 | 1 002 |
| 318,852 | 332,566 |
| MOVEMENTONFU | NDS | ||||
|---|---|---|---|---|---|
| Brought | lncoming | Outgoing | Transfer | Carried | |
| Forward | resources | resources | between | Forward | |
| funds | |||||
| I | I | € | € | Ê | |
| Restrictedfunds | |||||
| Sports clubs | 16,027 | (15,e12) | 115 | ||
| Social clubs | 13,670 29,697 |
4.501 4,501 |
t2.950) (18,862) |
15.221 15,336 |
|
| Unrestrictedfunds | |||||
| Generalfunds | 266,791 | 508.085 | (490.200) | 284.675 | |
| 296,488 | 512.586 | (509,062) | 300,011 |
| Brought | lncoming | Outgoing | Transfer | Carried | |
|---|---|---|---|---|---|
| Forward | resources | resources | between | Forward | |
| 2021 € |
2021 f |
2021 € |
funds € |
2021 f |
|
| Restrictedfunds | |||||
| Sports clubs | 16,234 | 434 | (641) | 16,027 | |
| Socialclubs | '13,151 29,385 |
1,188 1,622 |
t669) (1,310) |
13,670 29,697 |
|
| Unrestricted funds | |||||
| Generalfunds | 214]66 | 431,096 | (379.281) |
266,791 | |
| 243,551 | 433,528 | (380,591) | 296.488 |
| .ANALYSIS OFNETASSETS | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Ê | Ê | Ê | |
| Tangiblefixedassets | 1,391 | 1,381 | |
| Current assets | 602,146 | 15,336 | 617,492 |
| Currentliabilities | (318,852) | (318,852) | |
| Total | 284.675 | 15,336 | 300,011 |
| Prioryear | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| 2021 | 2021 | 2021 | |
| € | € | Ê | |
| Tangiblefixedassets | |||
| Current assets | 599,357 | 29,697 | 629,054 |
| Current liabilities | (332,566) | (332,566) | |
| Total | 266,791 | 697 | 296,499 |