| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Company, | its Trustees and advisers | ||
| Trustees' report |
2- 11 | |||
| Independent auditors' |
report | on the financial statements | 12-15 | |
| Statement offinancial |
activities | |||
| Balance sheet | 17-18 | |||
| Statement ofcash flows | ||||
| Notes to the financial | statements |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| Income from: | ||||||
| Donations and legacies: |
||||||
| Voluntary income |
372,000 | 372,000 | 329,988 | |||
| Other trading activities |
812,197 | 812,197 | 822,689 | |||
| Charitable activities |
138,836 | 138,836 | 119,124 | |||
| Investments | 446 | 446 | 12 | |||
| Other income | 2,977 | |||||
| Total income | 1,323,479 | 1,323,479 | 'l,274,790 | |||
| Expenditure on: |
||||||
| Raising funds: | ||||||
| Fundraising trading |
865,760 | 865,760 | 855,135 | |||
| Charitable activities: |
||||||
| Clubs/societies &community |
volunteering | 330,027 | 330,027 | 221,955 | ||
| Student representation | &welfare | 124,054 | 124,054 | 114,425 | ||
| External representation |
4,725 | 4,725 | 7,500 | |||
| Total expenditure | 1,324,566 | 1,324,566 | 1,199,015 | |||
| Net movement in funds |
(1„087) | (1,087) | 75,775 | |||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 489 | 489 | (75,286) | ||
| Net movement in funds |
(1„087) | (1,087) | 75,775 | |||
| Total funds carried | forward | (598) | (598) |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Tangible assets | 4,062 | 2,448 | |||||
| 4,062 | 2,448 | ||||||
| Current assets | |||||||
| Stocks | 14 | 19,602 | 19,817 | ||||
| Debtors | 15 | 52,626 | 41,178 | ||||
| Cash at bank and in | hand | 255,859 | 25'I,110 | ||||
| 328,087 | 312,105 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | {76,728) | (72,181) | |||||
| Net current assets | 251,359 | 239,944 | |||||
| Total assets less current liabilities | 255,421 | 242,392 | |||||
| Creditors: amounts | falling due after | more | |||||
| than one year | {256,019) | (241,903) | |||||
| Net liabilities Iassets excluding |
pension | ||||||
| asset | {598) | ||||||
| Total net assets | {598) | 489 | |||||
| Charity funds | |||||||
| Restricted funds | |||||||
| Unrestricted funds |
{59&) | ||||||
| Total funds | {598) |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||||
| Net cash | used in operating |
activities | 12,879 | 8,719 | |||
| Cash flows from investing | activities | ||||||
| Purchase | oftangible fixed assets | (8,130) | |||||
| Net cash | (used in)/provided | by investing | activities | (8,130) | |||
| Cash flows from financing | activities | ||||||
| Net cash | provided by financing activities |
||||||
| Change | in cash and cash | equivalents | in | the year | 4,749 | 8,719 | |
| Cash and | cash equivalents | at the beginning | of the year | 251,110 | 242,391 | ||
| Cash and cash equivalents | at the end | of | the year | 255,859 | 251, 'I I0 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2023 | 2023 | 2023 | ||||
| f. | ||||||
| Voluntary income |
||||||
| Block grant | 322,000 | 322,000 | ||||
| Facilities in kind |
50,000 | 50,000 | ||||
| Profit on disposal ofassets | 200 | 200 | ||||
| Similar incoming resources | ||||||
| Shop, Bars 8 Ents retail | operations | 703,221 | 703,221 | |||
| Summer Ball |
74,528 | 74,528 | ||||
| NUS extra/TOTUM | 598 | 596 | ||||
| Other trading operations |
including | games machines | & | |||
| vending | 435 | 435 | ||||
| Retrospective discounts |
receivable | 10,737 | 10,737 | |||
| Letting ofspace | 13,711 | 13711 | ||||
| Advertising income and |
other sponsorship | 8,769 | 8,769 | |||
| Subtotal detailed disclosure | 1,184,197 | 1,184,197 | ||||
| 1,18¹,197 | 1,184,197 |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2022 | 2022 | 2022 | |||||
| E | |||||||
| Voluntary income |
|||||||
| Block grant | 300,000 | 300,000 | |||||
| Additional Block Grant funding |
9,930 | 9,930 | |||||
| Facilities in kind |
20,000 | 20,0QQ | |||||
| Profit on disposal ofvehicle | 58 | 58 | |||||
| Other trading activities |
|||||||
| Shop, Bars & Ents retail | operations | 733,255 | 733,255 | ||||
| Summer Ball |
55,145 | M, 145 | |||||
| NUS extra/TOTUM | 729 | 729 | |||||
| Other trading operations |
including | games machines | & | ||||
| vending | 510 | 510 | |||||
| Retrospective discounts |
receivable | 9,313 | 9,313 | ||||
| Letting ofspace | 15,037 | /5,037 | |||||
| Advertising income including |
Sub | TV and other sponsorship | 8,70Q | 8,70Q | |||
| Subtotal detailed disclosure | 1,142,747 | 9,930 | 1,152,677 | ||||
| 1,142,747 | 9,930 | 1,152,677 |
| Unrestricted | Total | Tote/ | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| K | |||
| Freshers' week | 15,920 | 15,920 | '/5, 110 |
| Sports ciubs &societies | 122,916 | 122,916 | 104,014 |
| 138,836 | 138,836 | 119,124 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funda |
| 2023 | 2023 | 2022 |
| K | E | |
| 446 |
| Total | Total |
|---|---|
| funds | funds |
| 2023 | 2022 |
| K | |
| 2,977 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| Shops, Bars &Ents retail - Cost of | sales | 275,133 | 275,133 | 243,100 |
| Shops, Bars &Ents retail - Other costs | 176,587 | 176,587 | 211,858 | |
| Other trading - Cost ofsales | 5,020 | 5,020 | 4,104 | |
| Other trading - Other costs | 19,694 | 19,694 | 3'/, 066 | |
| Support facilities costs | 70,054 | 70,054 | 23,324 | |
| Support staff costs | 14,160 | 14,160 | 37,353 | |
| Shop, Bars & Ents retail and other | trading operations- | |||
| wages and salaries | 299,596 | 299,596 | 295,201 | |
| Shop, Bars 8 Ents retail operations | - depreciation | 5,516 | 5,516 | 9,129 |
| 865,760 | 865,760 | 855,135 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2023 | 2023 | 2023 | ||
| F | ||||
| Ciubs/societies | 8 Community/volunteering | 287,920 | 42,107 | 330,027 |
| Student representation | 81„947 | 42,107 | 124,054 | |
| External representation | 4,725 | 4,725 | ||
| 374,592 | 84,214 | 458,806 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | ||
| dtrectiy | costs | funds | ||
| 2022 | 2022 | 2022 | ||
| E | ||||
| Clubs/societies | 8 Comrnunityivolunteering | 191,619 | 30,336 | 22l,955 |
| Student representation | 84,089 | 30,336 | 114,425 | |
| External representation | 7,500 | 7,500 | ||
| 283,208 | 60,672 | 343,880 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| Staff costs | 196,828 | 110,383 | ||
| Activities and | development | 24,052 | 27,8?2 | |
| Grants payable | 53,504 | 70,145 | ||
| Conferences | and | training | 1,198 | 'l,964 |
| Representatives | Co-ordinator | 230 | 39 | |
| NUS affiliation | 4,725 | 7,500 | ||
| Welfare | 5,976 | 7,582 | ||
| Facilities costs | 88,079 | 57,723 | ||
| 374,592 | 283,208 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| Staff costs | 28,319 | 96,398 | ||
| Depreciation | 1,000 | 1,000 | ||
| Bank charges and loan | interest | 2,271 | 469 | |
| Cleaning | 2,195 | 2,309 | ||
| Generai expenses | 348 | 91 | ||
| Health 8 safety | 1,810 | 2,174 | ||
| Insurance | 16,968 | 1?.711 | ||
| IT | 5,747 | 5,441 | ||
| Printing, postage and stationery |
72 | 1,399 | ||
| Professional | affiliations | 415 | 415 | |
| Repairs and | renewals | 2,156 | 971 | |
| Staff travei and subsistence | 766 | 161 | ||
| Security | 1,010 | '/,063 | ||
| Recruitment | costs | 341 | 'l2 | |
| VAT adjustment | 854 | (17,995j | ||
| Rent | 50,000 | 20,000 | ||
| Governance | costs | 18,695 | 11,993 | |
| Pension deficit funding | 35„461 | (22,283) | ||
| Transfered to fundraising |
costs | (84,214) | (60,677) | |
| 84,214 | 60,672 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Fees payable | to the Company's | auditor | for the audit of the Company's | ||||
| annual accounts | 7„500 | 8,385 | |||||
| Fees payable | to the Company's | auditor | in | respect of: | |||
| All taxation advisory services not |
included | above | 2,300 | ||||
| All non-audit | services not included | above | 2,750 | 1,295 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| E | |||||
| Wages and | salaries | 465,1?1 | 453,400 | ||
| Social security costs | 32„970 | 24,102 | |||
| Contribution | to defined | contribution | pension schemes | 26,604 | 24,481 |
| 524 745 | 501983 |
| Tradtng | |
|---|---|
| Charitable | activities |
| Support 8 | Governance |
| 2023 | 2022 |
|---|---|
| No. | No. |
| 14 |
| Memoran follows. ' |
dum and Articles of A |
ssociation, The value ofTrustees' |
remuneration | and other bene | fits was as |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | |||||
| isabelle Page | Remuneration | 3,525 | |||
| Frederick | Rainbow | Remuneration | 24,270 | 3,6f2 | |
| Pension contributions | paid | 643 | 78 | ||
| Gemma | Hopwood | Remuneration | 21,464 | 2'/, 663 | |
| Pension contributions | paid | 589 | 580 |
| Fixtures and | |
|---|---|
| fittings | |
| Cost or valuation | |
| At 1 August 2022 | 349,479 |
| Additions | 8,130 |
| Disposals | (27,751) |
| At 31 July 2023 | 329,&58 |
| Depreciation | |
| At 1 August 2022 | 347,031 |
| Charge for the year | 6,516 |
| On disposals | (27,751) |
| At 31 July 2023 | 325,796 |
| Net book value | |
| At 31 July 2023 | 4,062 |
| At3f July 2022 | 2,448 |
| Stocks | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 1' | |||
| Bars 6 Shops | Stock | 19,602 | 19,817 |
| ebtors | |||
| 2023 | 2022 | ||
| F | |||
| Due within one year | |||
| Trade debtors | 16,673 | 19,359 | |
| Other debtors | 6,803 | 1,551 | |
| Prepayments | and accrued income | 29,150 | 20,268 |
| 52,626 | 41,178 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Trade creditors | 15,129 | 5,801 | |||||
| Other taxation | and | social security | 5,947 | 4,867 | |||
| Other creditors | 32,639 | 25,4Q4 | |||||
| Accruals | and deferred | income | 23,013 | 36,089 | |||
| 76,728 | 72,161 | ||||||
| 2023 | |||||||
| Deferred | income at 1 | August 2022 | 16,117 | 2Q,327 | |||
| Resources deferred | during the year | 8,020 | 16, "I'l? | ||||
| Amounts | released | from previous | periods | (16,117) | (20,327) | ||
| 8020 | 16117 |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| f. | ||||||||||
| SUSS Pension | Deficit Funding | Liability | 258,019 | 24f,903 | ||||||
| 18. | Financial | instruments | ||||||||
| 2023 | 2022 | |||||||||
| Financial | assets | |||||||||
| Financial assets measured | at | fair | value through | income | and expenditure | |||||
| 2023 | 2022 | |||||||||
| Financial | liabilities | |||||||||
| Other financial | liabilities measured | at fair value | through | income and | ||||||
| expenditure | 276,137 | 26f,059 |
| Statement | of | funds | - current year | |||||
|---|---|---|---|---|---|---|---|---|
| Balance a't 1 | Balance at | |||||||
| August 2022 | Income f |
Expenditure | 31 July 2023 f |
|||||
| Unrestricted | funds | |||||||
| Generai Funds - all | funds | 489 | 1,323,479 | (1,324,M6) | ||||
| Statement | of | funds | - prior year | |||||
| Balance at | ||||||||
| I August | Bdldnce dt | |||||||
| 202'I | Income | Expenditure | 31Ju/y 2022f | |||||
| Unrestricted | funds | |||||||
| General Funds - all | funds | (?5,286) | 1,264,860 | (1,189,085) | ||||
| Restricted | funds | |||||||
| Restricted | Funds - all funds | 9,930 | (9,930) | |||||
| Total offunds | (75,286) | 1,274,790 | (f,I99,015) | |||||
| 20. | Summary | offunds | ||||||
| Summary | offunds | -current year | ||||||
| Balance at 1 | Baiance at | |||||||
| August 2022 | Income f |
Expenditure | 31July 2023 'f |
|||||
| General funds |
489 | 1,323,479 | (1,324,566) | (598) |
| Summary offunds - prior year | ||||
|---|---|---|---|---|
| Balance at | ||||
| 1August | Balance at | |||
| 2021 | income | Expenditure | 31July 2022 | |
| General funds | (75,286) | 1,264,860 | (1,189,085) | |
| Restricted funds | 9,930 | (9,930) | ||
| (75,286) | 1,274,790 | ('l,199,015) |
| Analysis Analysis |
of net assets between funds of net assets between funds - current year |
||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| 2023 | 2023 | ||
| Tangible | fixed assets | 4,062 | 4,062 |
| Current | assets | 328,087 | 328,087 |
| Creditors | due within one year | (76,728) | (76,728) |
| Creditors | due in more than one year | (256,019) | (256,019) |
| Total | (598) | (598) | |
| Analysis | of net assets between funds - prior year |
| Analysis | of n | et assets between funds - prior year | ||
|---|---|---|---|---|
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| Tangible | fixed | assets | 2,448 | 2,448 |
| Current | assets | 312,105 | 312,105 | |
| Creditors | due | within one year | (72,161) | (72,161) |
| Creditors | due | in more than one year | (24l,903) | (24l,903) |
| Total |
| 2023 | 2022 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nei income/expenditure |
for | the | year | (as | per | Statement | of | Financial | |||||
| Activities) | (1„087) | ?5,775 | |||||||||||
| Adjustments for: |
|||||||||||||
| Depreciation charges |
6,516 | 10,129 | |||||||||||
| Decrease/(increase) | in stocks | 215 | (2,298) | ||||||||||
| increase in debtors |
(11,448) | (17,T?7) | |||||||||||
| Increase/(decrease) | in creditors | 18,683 | (38,611) | ||||||||||
| (Decrease)/increase | in provision | ('/8, 499) | |||||||||||
| Net cash provided | by operating | activities | 12„879 | 8,719 | |||||||||
| 23. | Analysis ofcash | and cash equivalents | |||||||||||
| 2023 | 2022 | ||||||||||||
| Cash in hand | 255,859 | 251,110 | |||||||||||
| Total cash and cash equivalents | 255,859 | 251,110 | |||||||||||
| 24. | Analysis ofchanges | in | net debt | ||||||||||
| At 1 August | At 31 July | ||||||||||||
| 2022 | Cash flows | 2023 | |||||||||||
| Cash at bank and | in | hand | 251,110 | 4,749 | 255,&59 | ||||||||
| 251,110 | 4,749 | 255,&59 |