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|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|||||
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|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|||||
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||||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|
##
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||||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|
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|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|
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||||||||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|