| Contents | ||
|---|---|---|
| Page | ||
| Charity Information |
1-2 | |
| Trustees'/ Directors' Report |
3-8 | |
| Auditor's Report |
9-11 | |
| Statement of Financial | Activity | 12 |
| Balance Sheet | 13 | |
| Notes to the Financial | Statements | 14-24 |
| Cambridge | Cambridge | Students' | Students' | Union | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Report and | Finandal Statements | |||||||||
| Legal and Administrative | information | |||||||||
| Forthe year | ended 30 | June 2023 | ||||||||
| Trustees and | Directors (D) | Appointed | Resigned | |||||||
| Pauldy Ottermans (D) |
1August 2020 | 31August 2023 | ||||||||
| Ambrose Chan (D) |
1August 2020 | 31August 2023 | ||||||||
| Neil Buchanan (D) |
15December 2021 | |||||||||
| Simon Wing Hong To (D) | 15December 2022 | |||||||||
| Caredig Ap Tomos (D) | 17July 2023 | |||||||||
| Ell Gardner-Thomas | (D) | 17July 2023 | 3 January 2024 | |||||||
| Fergus Kirman (D) (Chair from 17July 2023) | 17July 2023 | |||||||||
| Maroof Raflque (D) | 17November | 2023 | ||||||||
| Vareesh Pratap (D) |
17July 2023 | |||||||||
| An)um Nahar (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 (D) |
15July 2021 | 15July 2022 | ||||||||
| Zaynab Ahmed (D) (Chair |
from | 15July | 15July 2021 | 14July 2023 | ||||||
| 2022) | ||||||||||
| Eseosa Ako)ie (D) | 15July 2022 | 14July 2023 | ||||||||
| Kefeshe Bernard (D) | 15July 2022 | 10February 2023 | ||||||||
| Elia Chitwa (D) | 15July 2022 | 14June 2023 | ||||||||
| Amelia Jabry (D) | 15July 2022 | 14July 2023 | ||||||||
| Daisy Thomas (D) |
10February 2023 | 14July 2023 | ||||||||
| Anastasia Perysinakis |
(D) | 17July 2023 | 8 November | 2023 | ||||||
| Luke Patterson (D) |
15May 2023 | |||||||||
| Myesha Jemison (D) |
15March 2022 | |||||||||
| Charikleia Triantafyllidou |
(D) | 15July 2022 | ||||||||
| Andrew Salkeld |
1August 2020 | 15July 2022 | ||||||||
| Ryan Prestil | 1August 2020 | 15July 2022 | ||||||||
| Non-trustee | directors | Richard Wiltshire | 1July 2020 | 20 Apnl 2023 |
| Cambridge | Cambridge | Cambridge | Students' | Union | ||
|---|---|---|---|---|---|---|
| Report and | Financial Statements | |||||
| Legal and Administrative | Information | |||||
| For the year ended 30 | June 2023 | |||||
| Registered | offic | 3' Floor University | Centre | |||
| Granta Place, Mill | Lane | |||||
| Cambridge | ||||||
| CB2 1RU | ||||||
| Accountants | Nicholas Cliffe &Co |
Limited | ||||
| Mill House, Mill Court |
||||||
| Great Shelford, Cambridge |
||||||
| CB22 SLD | ||||||
| Bankers | NatWest Bank Pic |
|||||
| 23 Market Street | ||||||
| Cambridge | ||||||
| CB2 3PU | ||||||
| Ecology Building Society | ||||||
| 7 Belton Road | ||||||
| Silsden | ||||||
| Keighley | ||||||
| West Yorkshire | ||||||
| BD20 OEE | ||||||
| CAF Bank Limited | ||||||
| 29 Kings Hill Avenue | ||||||
| Kings Hill | ||||||
| West Malhng | ||||||
| Kent | ||||||
| ME194JQ | ||||||
| Solicitors | Wrigleys Solicitors | LLP | ||||
| 19Cookndge 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 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | ||||||||||
| Cambridge | SU | Sabbatical | President (UG) |
12%student | voter | |||||
| Officers | turnout | |||||||||
| President (PG) |
2,911votes | |||||||||
| Access, Education | and | Participation | ||||||||
| Officer (UG) | ||||||||||
| Access, Education | and | Participation | ||||||||
| Office(PG) | ||||||||||
| Welfare &Community |
Officer | |||||||||
| BME Officer | ||||||||||
| Women's Officer |
||||||||||
| Disabled Students' | Officer | |||||||||
| University | Rep | University Councillor |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| Note | E | E | E | E | ||
| INCOMING RESOURCES |
||||||
| Donations | 913,787 | 913,787 | 919,853 | |||
| Charitable activities |
194,767 | 194,767 | 177,386 | |||
| Other trading activities |
194,618 | 194,618 | 149,809 | |||
| Investment income |
1,485 | 1,485 | 361 | |||
| Total income | 1,304,657 | 1,304,657 | 1,247,409 | |||
| OUTGOING EXPENDITURE |
||||||
| Raising funds | 479,526 | 479,526 | 222,594 | |||
| Charitable activities |
50,732 | 887,297 | 938,029 | 981,484 | ||
| Total expenditure | 50,732 | 1,366,823 | 1,417,555 | 1,204,078 | ||
| Net (deficit)/surplus | for the year being | |||||
| net movement in funds |
(50,732) | (62,166) | (112,898) | 43,331 | ||
| Funds brought forward at 1July 2022 |
16 | 50,732 | 283,083 | 333,815 | 290,.484 | |
| BALANCES CARRIED | FORWARD | 220,917 | 220,917 | 333,815 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | E | E | |||||
| FIXEDASSETS | |||||||
| Tangible assets | 12 | 41,296 | 54,208 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 13 | 81,147 | 28,086 | ||||
| Cash at bank | 14 | 211,646 | 308,176 | ||||
| 292,793 | 336,262 | ||||||
| CREDITORS: amounts | falling due within | 15 | (113,172) | (56,655) | |||
| one year | |||||||
| NET CURRENT ASSETS | 179,621 | 279,607 | |||||
| NET ASSETS | 220,917 | 333,815 | |||||
| FUNDS OF THE CHARITY | |||||||
| Restricted funds |
16 | 50,732 | |||||
| Unrestncted general |
fund | 16 | 220,917 | 283,083 | |||
| TOTALFUNDS | 220,917 | 333,815 |
| NET EXPE | ND | ITU | RE FOR THE YEAR | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | E | ||||
| Net expenditure | for the year is stated after «harging: | ||||
| Depreciation | of | owned assets | 13,770 | 13,935 | |
| Auditors' | remuneration | 9,000 | 7,000 | ||
| ONATION | S | ||||
| 2023 | 2022 | ||||
| f | |||||
| Donated | services: | ||||
| Contribution | to | rent | 126,612 | 120,583 | |
| Contribution | to | rates and services | 31,575 | 30,071 | |
| 158,187 | 150,654 | ||||
| Other | |||||
| Donations | 100 | 1,181 | |||
| University | contributions | 755,500 | 768,018 | ||
| 755,600 | 769,199 | ||||
| 913,787 | 919,853 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Shadowing scheme |
28,259 | |||||||
| Students' Union Advice |
Service | 155,256 | 146,566 | |||||
| Widening participation |
initiatives | 18,576 | ||||||
| Sexual health scheme | 11,252 | 10,924 | ||||||
| Parent and toddler group | 836», | 1,320 »,386 |
||||||
| ll income from charitable | activities | in both 2023 and 2022 is unrestricted. | ||||||
| HER TRADING ACTIVITIES | ||||||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Society promotions | 23,227 | 18,537 | ||||||
| Media income | 134,608 | 97,343 | ||||||
| Member services | 26,071 | 17,060 | ||||||
| Campaign activities |
10,712 | 16,869 | ||||||
| N, 8 |
149,809 | |||||||
| ll income from other trading | activities | in both 2023 and 2022 is unrestricted. | ||||||
| VESTMENT INCOME | ||||||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Bank interest received |
1,485 | 361 | ||||||
| il investment income |
in | both | 2023 | and 2022 is unrestricted. | ||||
| AISING FUNDS | ||||||||
| Activities Allocated support |
||||||||
| undertaken | costs | Staff | Total | |||||
| Current Year 2023 | directly f |
(note 10) f |
(note 11) f |
2023 f |
||||
| Freshers' Fair and Refreshers |
103,287 | 24,629 | 57,219 | 185,135 | ||||
| Publications | 6,984 | 16,215 | 23,199 | |||||
| Member services | 29,775 | 72,415 | 169,002 | 271,192 | ||||
| 133,062 | 104,028 | 242,436 | 479,526 |
| Activities | Allocated | |||
|---|---|---|---|---|
| undertaken | supportcosts | Staff | Total | |
| Prior Year 2022 | directly f |
(note 10) f |
(note 11) f |
2022 f |
| Freshers' Fair |
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 support | ||||
|---|---|---|---|---|---|
| undertaken | costs | Staff | Total | ||
| Current Year 2023 | directly | (note 10) | (note 11) | 2023 | |
| f | f | f | f | ||
| Charitable | activities | ||||
| Union affairs | 50,929 | 217,247 | 506,610 | 774,786 | |
| Students' | Union Advice Service | 46,316 | 107,927 | 154,243 | |
| Governance | 9,000 | 9,000 | |||
| 50,929 | 272,563 | 614,537 | 938,029 |
| Activities | Allocated support | |||||
|---|---|---|---|---|---|---|
| undertaken | costs | Staff | Total | |||
| Prior Year | 2022 | directly f |
(note 10) f |
(note 11) f |
2022 f |
|
| Charitable | activities | |||||
| Union affairs | 73,960 | 183,786 | 655,107 | 912,853 | ||
| Students' | unions' | advice service | 37,605 | 28,740 | 66,345 | |
| Governance | 2,286 | 2,286 | ||||
| 73,960 | 223,677 | 683,847 | 981,484 |
| Basis of | ||||||
|---|---|---|---|---|---|---|
| allocation | 2023 | 2022 | ||||
| Support Rent |
Staff time | E 126,612 |
E 120,583 |
|||
| Rates and services | Staff time | 31,575 | 30,071 | |||
| Insurance | Staff time | 7,255 | 6,188 | |||
| Repairs and maintenance | Staff time | 8 | 897 | |||
| Office expenses | Staff time | 504 | 1,465 | |||
| Postage and stationery Telephone |
Staff time Staff time |
350 | 12,239 2,606 |
|||
| Bad debts | Staff time | (6,510) | ||||
| Bank charges | Staff time | 3,653 | 1,203 | |||
| Computer supplies and |
ITsupport | Staff time | 37,522 | 7,230 | ||
| Staff training, recruitment Website development |
etc | Staff time Staff time |
39,024 11,462 |
2,529 13,819 |
||
| Legal and professional Depreciation |
fees | Staff time Staff time |
32,608 13,770 |
21,747 13,935 |
||
| Travel and subsistence | Staff time | 5,953 | 1,720 | |||
| Licences and subscriptions | Staff time | 33,207 | 6,037 | |||
| Marketing costs |
Staff time | 14,260 | 10,820 | |||
| Promotion costs |
Staff time | 3,527 | ||||
| Payroll and HR costs |
Staff time | 6,301 | 4,767 | |||
| Trade Shows | Staff time | |||||
| Graduate Union Costs |
Staff time | |||||
| 367,591 | 251,346 | |||||
| Governance. | ||||||
| Audit fee | 9,000 | |||||
| Independent examiner |
2,286 | |||||
| 376,591 | 253,632 | |||||
| 11. | STAFF COSTS AND KEY MANAGEMENT | PERSONNEL | ||||
| 2023 | 2022 | |||||
| Staff costs during the year: | E | |||||
| Wages, salaries and training | 772,759 | 699,387 | ||||
| Social security costs | 68,029 | 57,777 | ||||
| Cost of defined contribution |
pension | scheme —Except trustees | 13,667 | 14,528 | ||
| Cost of defined contribution | pension | scheme —Trustees only |
2,518 | 1,382 | ||
| 856,973 | 773,074 | |||||
| KEY MANAGEMENT PERSONNEL COSTS ONLY |
||||||
| 2023 | 2022 | |||||
| Costs during the year: | E | E | ||||
| Wages and salaries | 197,415 | 156,306 | ||||
| Social security costs | 18,584 | 18,286 | ||||
| Cost of defined contribution | pension | scheme | 4,495 | 6,187 | ||
| 220,494 | 180,779 |
| Average number ofpersons employed: |
|---|
| Sabbatical officers |
| Membership Department |
| Fundraising, business and services |
| Students' Union Advice Service |
| Management and administration |
| 2023 | 2022 |
|---|---|
| 29 | 29 |
| 12. | TANGIBLE FIXED | ASSETS | |||
|---|---|---|---|---|---|
| Fixtures | Furniture | Totals | |||
| anil | and | ||||
| Fittings | Equipment | ||||
| E | E | ||||
| Cost | |||||
| At 1July 2022 Additions |
26,064 | 86,178 858 |
112,242 858 |
||
| At 30June 2023 | ~26 064 | ~87036 | ~113100 | ||
| Depreciation | |||||
| At 1July 2022 | 1,778 | 56,256 | 58,034 | ||
| Charge for the | period | ~5218 | ~8552 | ~13770 | |
| At 30June 2023 | ~6996 | ~64808 | ~71804 | ||
| Net book value | |||||
| At 30June 2023 | ~19068 | 2~2228 | ~41296 | ||
| At 30June 2022 | ~24 286 | ~29 922 | 54 20 | ||
| 13. | DEBTORS | ||||
| 2023 | 2022 | ||||
| E | |||||
| Amounts falling |
due within one year: | ||||
| Trade debtors | 37,007 | 18,416 | |||
| Other taxation | and social security | 5,346 | 9,670 | ||
| Prepayments and accrued income |
38,794 | ||||
| 81,147 | 28,086 |
| ASH AT B | ANK | ||
|---|---|---|---|
| 2023 | 2022 | ||
| E | E | ||
| Natwest | current | 1,721 | 2,319 |
| Natwest | reserve | 57,942 | 182,657 |
| CAF Bank | 123,064 | 94,638 | |
| Ecology Building Society | 28,919 | 28,562 | |
| 211,646 | 308,176 |
| REDITORS: AM | OUNTS | FALUNG DUE WITHIN ONE YEA | R | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | E | |||
| Trade creditors | 37,452 | 47,665 | ||
| Other taxation | and social security | 48,157 | ||
| Other creditors | 3,071 | 4,731 | ||
| Accruals and deferred | income | 24,492 | 4,259 | |
| 113,172 | 56,655 |
| Balance as | Balance as | ||||||
|---|---|---|---|---|---|---|---|
| at 1July | at 30June | ||||||
| Current Year | 2022 | Income | Expenditure | Transfers | 2023 | ||
| E | E | E | E | E | |||
| Restricted | funds | 50,732 | 50,732 | ||||
| Unrestricted | funds | 283,083 | 1,304,657 | 1,366,823 | 220,917 | ||
| 333,815 | 1,304,657 | 1,417,555 | 220,917 | ||||
| Balance as | Balance as | ||||||
| at 1July | at 30June | ||||||
| Prior Year | 2021 | Income | Expenditure | Transfers | 2022 | ||
| E | E | E | E | f | |||
| Restricted | funds | 100,226 | 49,494 | 50,732 | |||
| Unrestncted | funds | 190,258 | 1,247,409 | 1,154,584 | 283,083 | ||
| 290,484 | 1,247,409 | 1,204,078 | 333,815 |
| 17. | STATEMENT OF CASH FLOW | S | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total funds | Prior year funds | |||||||||
| Cash flows from operating | activities | |||||||||
| Net cash (used in)/provided | by operating | activities | 971 7 | 1 4779 | ||||||
| Cash flows from investing | activities | |||||||||
| Interest from investments | 1,485 | 361 | ||||||||
| Purchase offixed assets | 858 | 63 | 322 | |||||||
| Net cash provided by/(used |
in) investing | activities | 627 | 62 | 961 | |||||
| Change in cash and cash equivalents |
in the | |||||||||
| reporting period |
(96,530) | 41,818 | ||||||||
| Cash and cash equivalents | at the beginning | ofthe | ||||||||
| reporting period | ~308 76 |
~266358 | ||||||||
| Cosh and cash equivolents | at the end | of | the | reporting | period | |||||
| 18. | RECONCILIATION OF (EXPENDITURE)/NET |
INCOME TO | NET CASH FLOW FROM | OPERATING ACTIVITIES | ||||||
| Current year | Prior year | |||||||||
| (Expenditure)/Net income |
for the reporting | period | (112,898) | 43,331 | ||||||
| (as per the statement offinancial activities) |
||||||||||
| Ad)ustments for: |
||||||||||
| Depreciation | 13,770 | 13,935 | ||||||||
| Interest received | (1,485) | (361) | ||||||||
| (Increase)/decrease in debtors |
(53,061) | 23,258 | ||||||||
| Increase/(decrease) in creditors |
~56 517 | ~24 616 | ||||||||
| Net cash (used in)/provided | by operating | activities | E97157 | ~E104779 | ||||||
| 19. | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||||||||
| Current year | Prior year | |||||||||
| E | E | |||||||||
| Cash in hand |
| 2023 | 2022 | |
|---|---|---|
| E | E | |
| Within 1year | 18,309 | 18,309 |
| Between two and five years | 51,877 | 70,186 |
| 70,186 | 88,495 |