2023-07-31-accounts - Bangor University Students' Union

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						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	6	6	E	6
INCOME AND ENDOWMENTS		FROM
Grants, donations and legacies			2	636,120	937,557	1,573,677	1,678,567
Charitable activities			5
Athletic Union Societies				18,667 73		18,667 73	20,730 702
Student Volunteering							336
UMCB				18,368		18,368	25,250
Other trading activities				31,255		31,255	20,764
Investment income				4,589		4,589	258
Total				709,072	937,557	1,646,629	1,746,607
EXPENDITURE ON
Charitable activities
Athletic Union				2,105	438,546	440,651	406,750
Societies					36,399	36,399	22,716
Student Volunteering					11,364	11,364	12,457
UMCB Academic Representation	Unit			17,368 2,967	3,781 25,940	21,149 28,907	36,445 131,466
Events					6,888	6,888	11,194
Communications and Marketing				30,683	6,815	37,498	27,046
Democracy				22,998		22,998	17,531
Education				1,504		1,504	6,783
Central Services				235,090	24,760	259,850	209,592
Human Resources				494,136	323,778	817,914	800,920
Depreciation				6,053	34,563	40,616	25,513
Total				812,904	912,834	1,725,738	1,708,413
NET INCOME/(EXPENDITURE) Transfers between funds			15	(103,832) 15,190	24,723 (15,190)	(79,109)	38,194
Net movement in funds				(88,642)	9,533	(79,109)	38,194
RECONCILIATION OF FUNDS
Total funds brought forward				586,092	83,376	669,468	631,274
TOTAL FUNDS CARRIED FORWARD				497,450	92,909	590,359	669,468

						Cash Flow Statement
					for	the year ended 31July 2023
							2023	2022
					Notes		6	E
Cash flows from	operating	activities
Cash generated	from operations						(13,059)	69,688
Net cash (used in)/provided		by operating		activities			(13,059)	69,688
Cash flows from	investing	activities
Purchase oftangible fixed		assets					(51,514)	(47,449)
Interest received							4,589	258
Net cash used in	investing	activities					(46,925)	~47,191)
Change in cash and cash equivalents			in the
reporting period							(59,984)	22,497
Cash and cash equhralents		at the beginning			of
the reporting period							579,605	557,108
Cash and cash equivalents		at the end	of	the
reporting period							519,621	579,605

RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	RECONCILIATION OF NET (EXPENDITURE)/INCOME	TO NET CASH FLOW FROM OPERATING ACTIVITIES
			2023	2022
			6	E
Net (expenditure)/income	for the reporting	period	(asper the Statement of
Finandal Activities)			(79,109)	38,194
Adjustments for:
Depreciation charges			40,616	25,513
Interest received			(4,589)	(258)
Decrease/(increase) in debtors			16,595	(13,813)
Increase in creditors			13,428	20,052
Net cash (used In)/provided	by operations		(13,059)	69,688

Donations in kind	Donations in kind	(above) relate	(above) relate	to services	provided	by Bangor University	to the	Students'	Union	without	charge, the
amounts included		are as follows		and are best	esumates	ofthe notional costs).
									2023		2022
									E		E
Rent for offices									84 388		84388
Total donations	in	kind						~84 388			84 388
OTHER TRADING ACTIVITIES
									2023		2022
									E		E
Motor vehicle income Welcome week									14,135 8,000		12,086
NUS extra card income									580		339
Otherincome									8,540		8,339
									31,255		20,764
INVESTMENT INCOME
									2023		2022
									E		E
Deposit account	interest								4,589		258
INCOME FROM CHARITABLE ACTIVITIES
									2023		2022
				Activity					E		E
Club and Society	events			Athletic Union					18,667		20,730
Club and Society	events			Societies					73		702
Club and Society	events			Student Volunteering							336
Club and Society	events			UMCB					18,368		25,250
									37,108		47,018
CHARITABLE ACTIVITIES COSTS
								Support
						Direct		costs (see
						Costs		note 7)			Totals
							E		E		E
Athletic Union Societies Student Volunteering						440,651 36,399 11,364					440,651 36,399 11,364
UMCB Academic Representation			Unit			21,149 28,907					21,149 28,907
Events							6,888				6,888
Communications	and Marketing					37,498					37,498
Democracy						22,998					22,998
Education							1,504				1,504
Central Services						107,346		152,504			259,850
Human Resources						430,575		387,339			817,914
Depreciation						40,616					40,616
						1,185,895		539,843		1,725,738

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
Trade creditors Other creditors Commercial card Accruals and deferred income Deferred grant income	E 32,462 116,204 11,019 33,342	E 18,506 108,794 19,268 27,295 5,736
	193,027	179,599

			2023	2022
Within one year Between one and five years			6 45,591	6 62,169 45,591
			45,591	107,760
MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1/8/22	in funds	funds	31/7/23
Unrestricted funds	E	6	E	6
General fund	586,092	(103,832)	15,190	497,450
Restricted funds
Fee Plan Sporting provision HEFCW Grants	83,376	13,731 9,398 1,594	(4,198) (9,398) (1,594)	92,909
	83,376	24,723	(15,190)	92,909
TOTAL FUNDS	669,468	(79,109)		590,359
Net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds		E	6	E
General fund		709,072	(812,904)	(103,832)
Restricted funds
Fee Plan Sporting provision HEFCW Grants		735,572 178,800 23,185	(721,841) (169,402) (21,591)	13,731 9,398 1,594
		937,557	(912,834)	24,723
TOTAL FUNDS		1,646,629	(1,725,738)	(79,109)

				Net	Transfers
				movement	between	At
			At 1/8/21	in funds	funds	31/7/22
			E	E	E	E
Unrestricted	funds
General fund			552,095	(22,712)	56,709	586,092
Restricted funds
Fee Plan			79,179	64,714	(60,517)	83,376
Sporting provision				3,916	(3,916)
HEFCW Grants				(7,724)	7,724
			79,179	60,906	(56,709)	83,376
TOTAL FUNDS			631,274	38,194		669,468
Comparative	net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	E
Unrestricted	funds
General fund				701,203	(723,915)	(22,712)
Restricted funds
Fee Plan				735,571	(670,857)	64,714
Sporting provision HEFCW Grants				178,800 131,033	(174,884) (138,757)	3,916 (7,724)
				1,045,404	(984,498)	60,906
TOTAL FUNDS				1,746,607	(1,708,413)	38,194

						2023	2022
						E	E
Financial assets that are	debt	instruments	measured	at a mortised	cost
Trade debtors
Bangor University Cash at bank	debtor					121,841 519,622	157,894 579,605
Financial liabilities measured		at amortised	cost
Trade creditors Commercial card Accruals Deferred grant income						(32,462) (11,019) (33,342)	(18,506) (19,268) (27,295) (5,736)