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|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|
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|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||
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ST MARY'S STUDENTS, UNION
TRUSTEES REPORT
YEAR ENDED 31 JULY 2022
14
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|||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|
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||||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|||
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|.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|
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|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|
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|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|
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||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|
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|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|
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|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|
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||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|
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|.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|
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|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|
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