| Page | Page | |
|---|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 | |
| Trustees report | 2 | - 8 |
| Independent audito?s report on the financial statements | 9- 13 | |
| Consolidated statement of financial activities | 14 | |
| Consolidated balance sheet | 15 | |
| Charity balance sheet | 16 | |
| Consolidated statement of cash flows | 17 | |
| Notes to the financial statements | 18- 38 |
ASSOCIATION OF HIGHER EDUCATION PROFESSIONALS (FORMERLY KNOWN AS ASSOCIATION OF UNIVERSITY ADMINISTR
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Group and the charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently:
-
• observe the methods and principles of the Charities SORP (FRS 102):
-
make judgments and accounting estimates that are reasonable and prudent:
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Group and the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditor
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
-
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditor is unaware, and
-
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditor is aware of that information.
Approved by order of the members of the board of Trustees on and signed on their behalf by: �)slvt- Lucy Hayward Thea Gibbs�
Pages
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| Note | £ | £ | £ | |
| Income from: | ||||
| Charitable activities | 4 | 694,000 | 694,000 | 719,680 |
| Other trading activities | 5 | 10,581 | 10,581 | - |
| Investments | 6 | 2,128 | 2,128 | 88 |
| Total income | 706,709 | 706,709 | 719,768 | |
| Expenditure on: | ||||
| Raising funds | 253 | 253 | - | |
| Charitable activities | 7 | 835,195 | 835,195 | 691,938 |
| Total expenditure | 835,448 | 835,448 | 691,938 | |
| Net movement in funds | (128,739) | (128,739) | 27,830 | |
| Reconciliation offunds: | ||||
| Total funds brought forward | 506,103 | 506,103 | 478,273 | |
| Net movement in funds | (128,739) | (128,739) | 27,830 | |
| Total funds carried forward | 377,364 | 377,364 | 506,103 |
ASSOCIATION OF HIGHER EDUCATION PROFESSIONALS (FORMERLY KNOWN AS ASSOCIATION OF UNIVERSITY ADMINISTR
CONSOLIDATED BALANCE SHEET AS AT 31 JULY 2023
| 2023 | .2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | £ | £ | |||||||
| Fixed assets | |||||||||
| Intangible assets | 13 | 27,884 | 16,662 | ||||||
| Tangible assets | 14 | 2,022 | 1,101 | ||||||
| 29,906 | 17,763 | ||||||||
| Current assets | |||||||||
| Debtors | 16 | 160,490 | 219,523 | ||||||
| Cash at bank and | in hand | 525,857 | 756,049 | ||||||
| 686,347 | 975,572 | ||||||||
| Creditors: amounts falling due within one | |||||||||
| year | 17 | (338,889) | (487,232) | ||||||
| Net curent assets | 347,458 | 488,340 | |||||||
| Total assets less | curent liabilities | 377,364 | 506,103 | ||||||
| Net assets excludlng pension asset | 377,36 | 506,103 | |||||||
| Total net assets | 377,36 | 506,103 | |||||||
| Charit funds | |||||||||
| Restricted funds | 18 | ||||||||
| Unrestricted funds | 18 | 377,36 | 506,103 | ||||||
| Total funds | 377,36 | 506,103 | |||||||
| The fnancial statements -� fsjzy |
were | approved | and | authorsed for issue by and signed on their behalf by: |
the |
Trustees on |
|||
| Thea Gibbs | �b4 | Lucy Hayard l |
The notes on pages 18 to 38 form part of these financial statements.
Page 15
ASSOCIATION OF HIGHER EDUCATION PROFESSIONALS (FORMERLY KNOWN AS ASSOCIATION OF UNIVERSITY ADMINISTR
CHARITY BALANCE SHEET AS AT 31 JULY 2023
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | £ | |||||||||
| Fixed assets | ||||||||||
| Intangible assets | 13 | 6,729 | 14,596 | |||||||
| Tangible assets | 14 | 386 | 676 | |||||||
| Investments | 15 | 100 | 100 | |||||||
| 7,215 | 15,372 | |||||||||
| Current assets | ||||||||||
| Debtors | 16 | 100,767 | 105,821 | |||||||
| Cash at bank and | in hand | 499,121 | 747,615 | |||||||
| 599,888 | 853,436 | |||||||||
| Creditors: amounts falling due within one | ||||||||||
| year | 17 | {195,387) | (317,870) | |||||||
| Net current assets | 404,501 | 535,566 | ||||||||
| Total assets less | current liabilities | 411,716 | 550,938 | |||||||
| Net assets excluding pension asset | 411,716 | 550,938 | ||||||||
| Total net assets | 411,716 | 550,938 | ||||||||
| Charit funds | ||||||||||
| Restricted funds | 18 | |||||||||
| Unrestricted funds | 18 | 411,716 | 550,938 | |||||||
| Total funds | 411,716 | 550,938 | ||||||||
| The fnancial Thea Gibbs |
statements were �b4 |
approved and g/S(V |
authorised fr issue by and signed on their behalf by: Lucy Hayard |
the |
Trustees on |
The notes on pages 18 to 38 form part of these financial statements.
Page 16
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash used in operating activities | 20 | (205,626) | 177,775 | |
| Cash flows from investing activities | ||||
| Dividends, interests and rents from investments | 2,128 | 88 | ||
| Purchase of intangible assets | (1,694) | (545) | ||
| Purchase of tangible fixed assets | (25,000) | (743) | ||
| Net cash used in investing activities | (24,566) | (1,200) | ||
| Cash flows from financing activities | ||||
| Net cash provided by financing activities | - | - | ||
| Change in cash and cash equivalents in the year | - | (230,192) | 176,575 | |
| Cash and cash equivalents at the beginning ofthe year | 756,049 | 579,474 | ||
| Cash and cash equivalents at the end ofthe year | 21 | 525,857 | 756,049 | |
| The notes on pages 18 to 38 form part ofthese financial | statements |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023 | |
| £ | £ | |
| Membership | 197,174 | 197,174 |
| Conference, exhibitions and events | 232,339 | 232,339 |
| Postgraduate certificate programme | 162,562 | 162,562 |
| Services to other charities | 66,475 | 66,475 |
| Professional development programme | 35,450 | 35,450 |
| 694,000 | 694,000 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Membership | 216,859 | 216,859 |
| Conference, exhibitions and events | 201,069 | 201,069 |
| Postgraduate certificate programme | 161,819 | 161,819 |
| Services to other charities | 64,695 | 64,695 |
| Other | 9,077 | 9,077 |
| Professional development programme | 66,161 | 66,161 |
| 719,680 | 719,680 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2023 | 2023 | 2022 |
| £ | £ | £ |
| 10,581 | 10,581 | - |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2023 | 2023 |
| £ | £ |
| 2,128 | 2,128 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2022 | 2022 |
| £ | £ |
| 88 | 88 |
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| 2023 | 2023 | |
| £ | £ | |
| Membership | 217,835 | 217,835 |
| Conference, exhibitions and events | 338,923 | 338,923 |
| Postgraduate certificate programme | 182,954 | 182,954 |
| Services to other charities | 63,041 | 63,041 |
| Professional development programme | 32,442 | 32,442 |
| 835,195 | 835,195 | |
| Unrestricted | ||
| funds | Total | |
| 2022 | 2022 | |
| £ | £ | |
| Membership | 197,079 | 197,079 |
| Conference, exhibitions and events | 260,189 | 260,189 |
| Postgraduate certificate programme | 144,882 | 144,882 |
| Services to other charities | 41,651 | 41,651 |
| Professional development programme | 43,328 | 43,328 |
| Other | 4,809 | 4,809 |
| 691,938 | 691,938 |
| Activities | |||
|---|---|---|---|
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Membership | 37,394 | 180441 | 217,835 |
| Conference. exhibitions and events | 126,301 | 212622 | 338,923 |
| Postgraduate certificate programme | 34,188 | 148,766 | 182,954 |
| Services to other charities | 2,207 | 60,834 | 63,041 |
| Professional development programme | - | 32,442 | 32,442 |
| 200,090 | 635,105 | 835,195 | |
| Activities | |||
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Membership | 58,325 | 138,754 | 197,079 |
| Conference, exhibitions and events | 131,550 | 128,639 | 260,189 |
| Postgraduate certificate programme | 41,354 | 103528 | 144,882 |
| Services to other charities | 261 | 41390 | 41,651 |
| Professional development programme | - | 43328 | 43,328 |
| Other | - | 4,809 | 4,809 |
| 231,490 | 460,448 | 691,938 |
| Auditor’s remuneration | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fees payable to the charity’s auditor for the audit of the charity’s annual | ||
| accounts | 6,680 | 4,730 |
| Fees payable to the charity’s auditor in respect of: | ||
| Accountancy services | 2,750 | 2,450 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| £ | £ | £ | £ | |||
| Wages | and | salaries | 433,061 | 335,350 | 253,850 | 203,434 |
| 433,061 | 335,350 | 253,850 | 203,434 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Net (expenditure)/income before tax | (128,739) | 27,830 |
| Net (expenditure)/income multiplied by the standard rate of corporation tax | ||
| in the UK of 19% (2022- 19%). | (24,460) | 5,288 |
| Effects of: | ||
| Unrelieved tax losses carried forward | 24,460 | (5,288) |
| Total tax charge for the year | - | - |
| NOTES TO THE FINANCIAL STATEMENTS | |||
|---|---|---|---|
| FOR THE YEAR ENDED 31 JULY 2023 | |||
| 13. | Intangible assets | ||
| Group | |||
| Software | |||
| £ | |||
| Cost | |||
| At 1 August 2022 | 176,597 | ||
| Additions | 25,000 | ||
| At31 July2023 | 201,597 | ||
| Amortisation | |||
| At 1 August 2022 | 159,935 | ||
| Charge for the year | 13,778 | ||
| At31 July2023 | 173,713 | ||
| Net book value | |||
| At 31 July 2023 | 27,884 | ||
| At 31 July 2022 | 16,662 |
| NOTES TO THE FINANCIAL STATEMENTS | |||
|---|---|---|---|
| FOR THE YEAR ENDED 31 JULY 2023 | |||
| 14. | Tangible fixed assets | ||
| Group | |||
| Office | |||
| equipment | |||
| £ | |||
| Cost or valuation | |||
| At 1 August 2022 | 7,580 | ||
| Additions | 1,694 | ||
| At 31 July 2023 | 9,274 | ||
| Depreciation | |||
| At 1 August 2022 | 6,479 | ||
| Charge for the year | 773 | ||
| At 31 July 2023 | 7,252 | ||
| Net book value | |||
| At 31 July 2023 | 2,022 | ||
| At31 July2022 | 1,101 | ||
| Charity | |||
| Office | |||
| equipment | |||
| £ | |||
| Cost or valuation | |||
| At 1 August 2022 | 6,148 | ||
| At 31 July 2023 | 6,148 | ||
| Depreciation | |||
| At 1 August 2022 | 5,472 | ||
| Charge for the year | 290 | ||
| At 31 July 2023 | 5,762 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Trade debtors | 113,099 | 206,391 | 99,366 | 104,593 |
| Other debtors | 10,963 | 11,694 | - | - |
| Prepayments and accrued income | 36,428 | 1,438 | 1,401 | 1,228 |
| 160,490 | 219,523 | 100,767 | 105,821 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Bank overdrafts | - | 22,174 | - | 22,174 |
| Trade creditors | 140,166 | 187,534 | 5,755 | 76,994 |
| Qthercreditors | 4,067 | 9,114 | 1,436 | 2,090 |
| Accruals and deferred income | 194,656 | 268,410 | 188,196 | 216,612 |
| 338,889 | 487,232 | 195,387 | 317,870 | |
| Group | Group | Charity | Charity | |
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Deferred income at 1 August 2022 | 9,707 | - | 195,117 | 182,222 |
| Resources deferred during the year | 172,949 | 203,237 | 172,349 | 195,117 |
| Amounts released from previous periods | (9,707) | (193,530) | (195,117) | (182,222) |
| 172,949 | 9,707 | 172,349 | 195,117 |
| Statement of funds | ||||||
|---|---|---|---|---|---|---|
| Statement offunds | - current year | |||||
| Balance at I | Balance | at | ||||
| August 2022 | Income | Expenditure | 31 July 2023 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| Designated funds | ||||||
| Strategic Review of Governance | 2,400 | - | (2,400) | - | ||
| Staff Marketing Post | 17,859 | - | (17,859) | - | ||
| CPD Tool/ Mentoring | scheme | 17,424 | - | (17,424) | ||
| 37,683 | - | (37,683) | - | |||
| General funds | ||||||
| General Funds - all funds |
468,420 | 706,709 | (797,765) | 377,364 | ||
| Total Unrestricted funds | 506,103 | 706,709 | (835,448) | 377,364 |
| Statement offunds - prior year | ||||
|---|---|---|---|---|
| Balance at | ||||
| 1 August | Balance at | |||
| 2021 | Income | Expenditure | 31 July2022 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Designated funds | ||||
| Strategic Review of Governance | 2,400 | - | - | Z400 |
| Staff Marketing Post | 17,859 | - | - | 17,859 |
| CPD Tool? Mentoring scheme | 17,424 | - | - | 17,424 |
| 37,683 | - | - | 37,683 | |
| General funds | ||||
| General Funds | 440,590 | 719,768 | (691,938) | 468,420 |
| Total Unrestrictedfunds | 478,273 | 719,768 | (691,938) | 506,103 |
| Analysis of net assets between funds - current ye | ar | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2023 | 2023 | |
| £ | £ | |
| Tangible fixed assets | 2,022 | 2,022 |
| Intangible fixed assets | 27,884 | 27,884 |
| Current assets | 686347 | 686,347 |
| Creditors due within one year | (338889) | (338,889) |
| Total | 377,364 | 377,364 |
| Analysis of net assets between funds - prior year | ||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Tangible fixed assets | 1,101 | 1,101 |
| Intangible fixed assets | 16,662 | 16,662 |
| Current assets | 975,572 | 975,572 |
| Creditors due within one year | (487,232) | (487,232) |
| Total | 506,103 | 506,103 |
| Group | Group | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Net income/expenditure |
for the | year (as | per Statement | of | Financial | ||
| Activities) | (128,739) | 27,830 | |||||
| Adjustments for: | |||||||
| Depreciation charges | 773 | - | |||||
| Amortisation charges | 13,778 | 10,988 | |||||
| Dividends, interests and | rents from | investments | (2,128) | (88) | |||
| Decrease/(increase) in debtors | 59,033 | (70,637) | |||||
| lncrease/(decrease) in creditors | (148,343) | 209,682 | |||||
| Net cash provided byl(used in) operating activities | (205,626) | 177,775 |
| Group | Group | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Cash | in hand | 525,857 | 756,049 |
| Total | cash and cash equivalents | 525,857 | 756,049 |
| At 1 August | At 31 July | |||
|---|---|---|---|---|
| 2022 | Cash flows | 2023 | ||
| £ | £ | |||
| £ | ||||
| Cash | at bank and in hand | 756,049 | (230,192) | 525,857 |
| Bank | overdrafts repayable on demand | (22,174) | 22,174 | - |
| 733,875 | (208,018) | 525,857 |