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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|
##
##
||At 1/8/22|Cash flow|At 31/7/23|
|---|---|---|---|
||E|E|E|
|Nat cash||||
|Cash at bank and in hand|579,605|(59,984)|519,621|
||579,605|(59,984)|519,621|
|Total|579,605|(59,984)|519,621|
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##
##
##
|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)|