| Contents | ||
|---|---|---|
| Page | ||
| Charity Information | 1-2 | |
| Trustees'/ Directors' |
Report | 3-B |
| Auditor's Report |
9-11 | |
| Statement of Financial Activity | ||
| Balance Sheet | 13 | |
| Notes tothe Financial | Statements | 14-23 |
| Trustees and | Directors (D) | External trustees | Appointed | Resigned | ||||
|---|---|---|---|---|---|---|---|---|
| Laura Davies (D) | 1August 2020 | 6December 2021 | ||||||
| Pauldy Ottermans | (D) | 1August 2020 | ||||||
| Ambrose Chan (D) |
1August 2020 | |||||||
| Neil Buchanan (d) |
15December 2021 | |||||||
| Simon To (D) | 15December 2022 | |||||||
| Sabbatical trustees | ||||||||
| Aastha Dahal |
1July 2020 | 14July 2021 | ||||||
| Ben Margolis | 1July 2020 | 14July 2021 | ||||||
| Siyang Wei | 1July 2020 | 14July 2021 | ||||||
| Alice Gilderdale | 1July 2020 | 14July 2021 | ||||||
| Howard Chan |
1July 2020 | 14July 2021 | ||||||
| Anjum Naha r (D) |
(Chair to 15July 2022) | 15July 2021 | 15July 2022 | |||||
| Zakary Coleman (D) |
15July 2021 | 15July 2022 | ||||||
| Ben Dalitz (D) | 15July 2021 | 15July 2022 | ||||||
| Tara Choudhury | 15July 2021 | 15July 2022 | ||||||
| Zaynab Ahmed (D) |
(Chair | from 15July | 15July 2021 | |||||
| 2022) | ||||||||
| Eseosa Akojie (D) | 15July 2022 | |||||||
| Kefeshe Bernard | (D) | 15July 2022 | 15December 2022 | |||||
| Eha Chitwa (D) |
15July 2022 | |||||||
| Amelia Jabry (D) | 15July 2022 | |||||||
| Daisy Thomas (D) |
15December 2022 | |||||||
| Myesha Jemison | (D) | 15March 2022 | ||||||
| Charikleia Triantafyllidou |
(D) | 15July 2022 | ||||||
| Non-trustee | Directors | Richard Wiltshire | 1July 2020 | 20 April 2023 | ||||
| Andrew Salkeld | 1August 2020 | 15July 2022 | ||||||
| Ryan Prestil | 1August 2020 | 15July 2022 | ||||||
| Registered office | 3' Floor University | Centre | ||||||
| Granta Place, Mill | Lane | |||||||
| Cambridge | ||||||||
| CB2 1RU | ||||||||
| Accountants | Nicholas Cliffe &Co |
Limited | ||||||
| Mill House, Mill Court | ||||||||
| Great Shelford, Cambridge | ||||||||
| CB22 5LD |
| Bankers | NatWest Bank Pic |
||
|---|---|---|---|
| 23 Market Street | |||
| Cambridge | |||
| CB2 3PU | |||
| Ecology Building Society | |||
| 7 Belton Road | |||
| Silsden | |||
| Keighley | |||
| West Yorkshire | |||
| BOZO OEE | |||
| CAF Bank Limited | |||
| 25 Kings Hill Avenue | |||
| Kings Hill | |||
| West Mailing | |||
| Kent | |||
| ME194JQ | |||
| Solicitors | Wrigleys Solicitors | LLP | |
| 19Cookridge Street | |||
| Leeds | |||
| West Yorkshire | |||
| LS2 3AG | |||
| Registered | Auditors | Ensors Accountants | LLP |
| Chartered Accountants |
|||
| Victory House | |||
| Vision Park | |||
| Histon | |||
| Cambridge | |||
| CB24 9ZR |
| Lent | elections | —March | Team | Role | Turnout | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | |||||||||
| Cambridge | SU | Sabbatical | President (UG) |
1396student voter | |||||
| Officers | turnout | ||||||||
| President (PG) |
3,163votes | ||||||||
| Access, Education | and | Participation | |||||||
| Officer (UG) | |||||||||
| Access, Education | and | Participation | |||||||
| Officer (PG) | |||||||||
| Welfare gr Community |
Officer | ||||||||
| BMEOfficer | |||||||||
| Women's Officer |
|||||||||
| Disabled Students' | Officer | ||||||||
| University | Rep | University Councillor |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | 6 | E | 6 | E | ||
| INCOMING | RESOURCES | |||||
| Donations | 919,853 | 919,853 | 546,435 | |||
| Charitable | activities | 177,386 | 177,386 | 156,770 | ||
| Other trading activities | 149,809 | 149,809 | 208,169 | |||
| Investment | income | 361 | 361 | 553 | ||
| Total income | 1,247,409 | 1,247,409 | 911,927 | |||
| OUTGOING | EXPENDITURE | |||||
| Raising funds | 222,594 | 222,594 | 81,666 | |||
| Charitable | activities | 49,494 | 931,990 | 981,484 | 772,784 | |
| Total expenditure | 49,494 | 1,154,584 | 1,204,078 | 854,450 | ||
| Net surplus | for the year being net | |||||
| movement | in funds | (49,494) | 92,825 | 43,331 | 57,477 | |
| Funds brought forward at 1July 2021 |
16 | 100,226 | 190,258 | 290,484 | 233,007 | |
| BALANCES | CARRIED FORWARD | 50,732 | 283,083 | 333,815 | 290,484 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | E | ||||||
| FIXEDASSETS | ||||||||
| Tangible assets | 54,208 | 4,821 | ||||||
| CURRENT ASSETS | ||||||||
| Debtors | 13 | 28,086 | 51,344 | |||||
| Cash at bank | 14 | 308,176 | 266,358 | |||||
| 336,262 | 317,702 | |||||||
| CREDITORS: amounts one year |
falling due within | 15 | (56,655) | (32,039) | ||||
| NET CURRENT ASSETS | 279,607 | 285,663 | ||||||
| NET ASSETS | 333,815 | 290,484 | ||||||
| FUNDS OF THE CHARITY | ||||||||
| Restricted funds | 16 | 50,732 | 100,226 | |||||
| Unrestricted general |
fund | 16 | 283,083 | 190,258 | ||||
| TOTAL FUNDS | 333,815 | 290,484 |
| NET EXPE | ND | ITU | RE FOR THE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | E | ||||
| Net expenditure | for the year is stated after charging: | ||||
| Depreciation | of | owned assets | 13,935 | 11,672 | |
| Auditors' | remuneration | 7,000 | |||
| ONATION | S | ||||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Donated | services: | ||||
| Contribution | to | rent | 120,583 | 55,730 | |
| Contribution | to | rates and services | 30,071 | 29,539 | |
| 150,654 | 85,269 | ||||
| Other | |||||
| Donations | 1,181 | 5,533 | |||
| University | contributions | 768,018 | 442,181 | ||
| Coronavirus | Grants | 13,452 | |||
| 769,199 | 461,166 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Students' | Unions' | Advice Service | 146,566 | 124,080 | |
| Widening | participation | imtiatives | 18,576 | 22,859 | |
| Sexual health scheme | 10,924 | 9,831 | |||
| Parent and toddler | group | 1,320 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | E | ||
| Society promotions | 18,537 | 3,836 | |
| Media income | 97,343 | 42,754 | |
| Member | services | 17,060 | 161,579 |
| Campaign | activities | 16,869 | |
| 149,809 | 208,169 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | 6 | ||||
| Bank interest | received | 361 | 553 | ||
| ll investment | income | in both the current and previous | year is unrestricted. | ||
| AISING FUNDS | |||||
| Activities | Allocated support | ||||
| undertaken | costs | Staff | Total | ||
| Current Year | 2022 | directly | (note 10) | (note 11) | 2022 |
| E | E | E | 6 | ||
| Societies' festival | 81,416 | 19,206 | 50,482 | 151,104 | |
| Publications | 7,341 | 25,421 | 32,762 | ||
| Member services | 21,996 | 3,408 | 13,324 | 38,728 | |
| 103,412 | 29,955 | 89,227 | 222,594 |
| Activities | Allocated | |||
|---|---|---|---|---|
| undertaken | support costs | Staff | Total | |
| Prior Year 2021 | directly | (note 10) | (note 11) | 2021 |
| E | E | E | E | |
| Societies' festival | 1,077 | 11,913 | 27,847 | 40,837 |
| Publications | 287 | 7,492 | 17,512 | 25,291 |
| Member services | 2,223 | 3,479 | 9,836 | 15,538 |
| 3,587 | 22,884 | 55,195 | 81,666 |
| Activities | Allocated support | ||||||
|---|---|---|---|---|---|---|---|
| undertaken | costs | Staff | Total | ||||
| Current | Year 2022 | directly | (note 10) | (note 11) | 2022 | ||
| E | E | F. | E | ||||
| Charitable | activities | ||||||
| Union affairs | 73,960 | 183,786 | 655,107 | 912,853 | |||
| Student | unions' | advice service | 37,605 | 28,740 | 66,345 | ||
| Governance | 2,286 | 2,286 | |||||
| 73,960 | 223,677 | 683,847 | 981,484 |
| Activities | Allocated support | |||||
|---|---|---|---|---|---|---|
| undertaken | costs | Staff | Total | |||
| Prior Year | 2021 | directly | (note 10) | (note 11) | 2021 | |
| E | E | E | E | |||
| Charitable | activities | |||||
| Union affairs | 32,302 | 132,427 | 467,591 | 632,320 | ||
| Students' | unions' | advice service | 284 | 38,382 | 101,798 | 140,464 |
| Governance | ||||||
| 32,586 | 170,809 | 569,389 | 772,784 |
| Basis of | |||||||
|---|---|---|---|---|---|---|---|
| allocation | 2022 | 2021 | |||||
| Support | E | E | |||||
| Rent | Staff time | 120,583 | 55,729 | ||||
| Rates and services | Staff time | 30,071 | 29,539 | ||||
| Insurance | Staff time | 6,188 | 4,539 | ||||
| Repairs and maintenance | Staff time | 897 | |||||
| Office expenses | Staff time | 1,465 | 3,208 | ||||
| Postage and stationery | Staff time | 12,239 | 8,641 | ||||
| Telephone | Staff time | 2,606 | 2,365 | ||||
| Bad debts | Staff time | (6,510) | 3,286 | ||||
| Bank charges | Staff time | 1,203 | 934 | ||||
| Computer supplies |
Staff time | 7,230 | 5,928 | ||||
| Staff training, recruitment |
etc | Staff time | 2,529 | 64 | |||
| Website development | Staff time | 13,819 | 2,707 | ||||
| Legal and professional | fees | Staff time | 21,747 | 35,573 | |||
| Depreciation | Staff time | 13,935 | 11,672 | ||||
| Travel and subsistence | Staff time | 1,720 | 266 | ||||
| Licences and subscriptions | Staff time | 6,037 | 7,213 | ||||
| Marketing costs |
Staff time | 10,820 | |||||
| Contract fees and production | costs | Staff time | 320 | ||||
| Payroll | Staff time | 4,767 | 5,781 | ||||
| Trade Shows | Staff time | 12,214 | |||||
| Graduate Union Costs |
Staff time | 1,714 | |||||
| 251,346 | 191,693 | ||||||
| Governance: | |||||||
| Independent examiner |
2,286 | 2,000 | |||||
| 253,632 | 193,693 | ||||||
| 11.STAFF COSTS AND KEY MANAGEMENT | PERSONNEL | ||||||
| 2022 | 2021 | ||||||
| Staff costs during the year: | |||||||
| Wages, salaries and training | 699,387 | 563,600 | |||||
| Social security costs | 57,777 | 46,548 | |||||
| Cost ofdefined contribution | pension | scheme —Except | trustees | 14,528 | 14,436 | ||
| Cost ofdefined contribution |
pension | scheme —Trustees only | 1,382 | ||||
| 773,074 | 624,584 | ||||||
| KEY MANAGEMENT PERSONNEL |
COSTS ONLY | ||||||
| 2022 | 2021 | ||||||
| Costs during the year: | |||||||
| Wages and salaries | 156,306 | 165,660 | |||||
| Social security costs | 18,286 | 15,405 | |||||
| Cost ofdefined contribution | pension | scheme | 6,187 | 4,063 | |||
| 180,779 | 185,128 |
| Average number of persons employed: |
|---|
| Sabbatical officers |
| Membership team |
| Fundraising, business and services |
| Students' Union advice service |
| Management and administration |
| 2022 | 2021 |
|---|---|
| 29 | 25 |
| ANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures | Furniture | Totals | |
| and | and | ||
| Fittings | Equipment | ||
| E | 6 | ||
| Cost | |||
| At 1July 2021 | 48,920 | 48,920 | |
| Additions | 26064 | 37258 | 63322 |
| At 30June 2022 | ~26 064 | ~86 178 | ~112242 |
| Depreciation | |||
| At 1July 2021 | 44,099 | 44,099 | |
| Charge for the period | 1778 | 12157 | ~13935 |
| At 30June 2022 | ~1778 | ~56 256 | ~58034 |
| Net book value | |||
| At 30June 2022 | ~24 286 | ~29922 | ~54 208 |
| At 31July 2021 | 4821 | 4821 | |
| EBTOAS | |||
| 2022 | 2021 | ||
| Amounts falling due within one year: |
|||
| Trade debtors | 18,416 | 50,216 | |
| Other taxation and social secunty | 9,670 | ||
| Prepayments and accrued income |
1,128 | ||
| 28,086 | 51,344 |
| 14. | CASH AT BANK | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | E | ||||
| Natwest current |
2,319 | 2,042 | |||
| Natwest reserve |
182,657 | 233,093 | |||
| CAF Bank | 94,638 | 2,943 | |||
| Ecology Building Society | 28,562 | 28,280 | |||
| 308,176 | 266,358 | ||||
| 15. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | ||||
| E | |||||
| Trade creditors | 47,665 | 6,601 | |||
| Other taxation | and social security | 17,038 | |||
| Other creditors | 4,731 | 1,225 | |||
| Accruals and deferred | income | 4,259 | 7,175 | ||
| 56,655 | 32,039 |
| Balance at | Balance at | |||||
|---|---|---|---|---|---|---|
| Current Year | 1July 2021 | Income | Expenditure | 30June 2022 | ||
| E | E | E | E | |||
| Restricted | funds | 100,226 | 49,494 | 50,732 | ||
| Unrestricted | funds | 190,258 | 1,247,409 | 1,146,601 | 283,083 | |
| 290,484 | 1,247,409 | 1,204,078 | 333,815 | |||
| Balance at | Balance as at | |||||
| Prior Year | 1Aug 2020 | Income | Expenditure | 30June 2021 | ||
| E | E | E | ||||
| Restricted | funds | 159,810 | 59,584 | 100,226 | ||
| Unrestricted | funds | 233,007 | 752,117 | 794,866 | 190,258 | |
| 233,007 | 911,927 | 854,450 | 290,484 |