| Pages | |||
|---|---|---|---|
| Trustees' annual report | I tos | ||
| Independent auditor's |
report to the | members | 9toll |
| Consolidated statement |
of'financial | nativities | |
| Statement oflinancia! | position | ||
| Statement ofsash flows | |||
| 'Noes to the linancial | tenements | I6to 30 |
| External | |||||||
|---|---|---|---|---|---|---|---|
| Catrlons Cannon | Tenure commenced | 07.0520 | |||||
| Jemifer Leach | Teaure commenced | 07.05.20 | Concluded | 14.01.22 | |||
| Martin James | Tenure commenced | 07.05.20 | |||||
| Olu Baptial Seun Omoha |
Tenure commenced Tenure commenced |
07.0520 10.0920 |
Concluded Concluded |
24.03.22 22.0I.23 |
|||
| Nicole Thompson | Tenure commenced | 15.08.22 | |||||
| Mark Ealing | Tenme commenced | 15.08.22 | |||||
| Stuart iMcculioch | Tenure commenced | 01.09.22 | |||||
| Sabbatnsi | |||||||
| Omuwa Ayomoto | Tenure commenced | 06,0721 | Concluded | 14.07.23 | |||
| Naomie Lebe | Tenure commenced | 07.05.20 | Concluded | IS.07.22 | |||
| Chiko Angel Bwtdya | Tenure commeuced | 07.05.20 | Concluded | IS.07.22 | |||
| Deborah Toluwa Ati | lade | Tenure commenced | 07.05.20 | Concluded | 15.07.22 | ||
| Chikeluba Alphonsus Fiift Asefu-Adjaye |
Dike | Tenure commenced Tenure commenced |
15.07,22 15.07.22 |
Concluded | 16.06.23 | ||
| Norah Valerie Deka | Tenue comrsenced | 1S.07.22 | |||||
| Holly Tysck | Tenure commenced | 15,07.22 | |||||
| Fatima Furha | Tenure commenced | 17.D7.23 | |||||
| Student | |||||||
| Grace Forester | Tenure commenced | 24.1121 | Concluded | 31.DR23 | |||
| Keely Khan | Tenue commo need | 24.'1 1.21 | Canc luded | 31,08.23 | |||
| Ochuwa Ayomoto | Tenure commenced | 02.02.22 | Concluded | 06.05.22 | |||
| Benjamin Young | Tenure commenced | 01,09,23 | |||||
| Ogechi Aikohi Lawal son Oluwatobi |
lobe | Grace | Tenue commenced Tenure commenced |
01.0923 01.0923 |
|||
| Senior Management Samantha Leahy-Harland |
ChieFExccutive Deicer | Appointment | date | 09.09,19 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| atnds | funds | Total Funds | Total funds | |||
| Note | 8 | 6 | ||||
| Income and endowments | ||||||
| Donations end legacies Chcritabk activities Other trading activiues |
3 5 |
L80$,810 1.053304 1,765.24S |
I,8$$3119 I3)53~ 1,765245 |
l,862.90$ 135.351 4$7,977 |
||
| Investment income |
6 | 25 | 25 | 1,989 | ||
| Total income | 4,627,3$4 | 4627484 | 2,46%225 | |||
| Expenditure | ||||||
| Expenditure an raising funds: |
||||||
| Expeaditom oftrading subsidiary Expenditure an charitable cctivldes |
7 831 |
1.2$5,496 2.6$6.810 |
Iggsrtss 2r $64ta |
46$,270 1.936.179 |
||
| Total expenditure | 3,972,306 | 3,972406 | 2A04.449 | |||
| Transfer trorn unincorporated | eatily | 25 | (625.808) | |||
| Nct iacame sad nct movemcnt | in funda | 655,07$ | 655.078 | (542.032) | ||
| Rceoncilktloa offunda |
||||||
| Total funds brought forward |
(542,032) | (S42.032) | ||||
| Total funds serried forward | 113.046 | 113,046 | (542,032) |
| 31July 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Group | Charity | ||||||||
| 2022 | 2021 | ZOZZ | ZD21 | ||||||
| E | 6 | ||||||||
| FIscd emcee | |||||||||
| intangible assets Tangible omets |
14 15 |
19,104 | 35.251 | 19,104 | 35251 | ||||
| Investmenn | 16 | I | I | ||||||
| 19.104 | 35.251 | 19,105 | 35,252 | ||||||
| Current assets |
|||||||||
| Stocks | IT | 71,911 | 8(k517 | 46,806 | 46,123 | ||||
| Debtors | 18 | I34JSI | 118,671 | 1,103898 | 258.871 | ||||
| Cosh at bank | and in hand | IJgtkpS4 | 642.365 | 100J69 | 375,116 | ||||
| Iv475,216 | 841453 | IPStk573 | 68D.I IO | ||||||
| Credltorst Amosnts one year |
felling | due wlthla | 19 | (410,065) | (267.585) | (237,148) | (161343) | ||
| Credltorss | Amounts | falling | due | over | |||||
| one year | 20 | (32,T47) | (42.013) | ||||||
| Nct current | assets | 1,065,151 | 573,968 | 1,013,425 | 518.767 | ||||
| Total sascts | less current liabilities | I,0%355 | 609.219 | 1,031530 | 554,019 | ||||
| Net assets eac lu ding | pens los | lisbi | 0ty | I,OSI,SOS | 567.206 | 1,032~ | 554.019 | ||
| ncliaml beaefst pcnsleu liability |
21 | (938,462) | (I,109338) | (938rl62) | (1,109.238) | ||||
| Net assets | 1133146 | (542.032) | 94s068 | (55S,219) | |||||
| Funds | |||||||||
| Restricted | 21 | ||||||||
| Pemion reserve | 21 | (938vt62) | (I,ID9,238) | (938,462) | (1.109,238) | ||||
| (938rt62) | (hl09.2381 | (938,462) | (I,ID9.238) | ||||||
| Unmstricted | 21 | l,iiev763 | 567.206 | 1,051808 | 554.019 | ||||
| Total charity fuads | I'7$,801 | (542,D32) | 113,046 | (555219) |
| Period ended 31July 20 | 22 | |
|---|---|---|
| 2021 | ||
| 5 | ||
| Cmh llows from operating cctivhles Net income |
655,078 | (S42,0331 |
| Adjurceccr Csfor: Depreeimion ofumgible lixed assets Amartinalon ofgoodwill Other interest receivsb!esad similar income |
20,791 | 43.428 (14,998) (1.989) |
| Gain on disposal offixed meet | (1,950) | |
| Cerrugcs in: Stocks |
I$606 | (80,517) |
| Trade snd ocher debtors | (IS,680) | (118,671) |
| Stocks | 133,216 | 2S9,598 |
| Cash generated from o pensions |
801,985 | (457.1341 |
| Interest mcelved | 25 | k9$9 |
| Nct cash from aperating activities |
802,0(0 | (455,145) |
| Cash Bows from investing activities Purcbam afmngible assets Procemh I'rom sale oftangible assets |
(M44) | (3,62$) 1.950 |
| Net assets acquired with sclnidicry Cssb aequimd with subsidiary Defined benefit pen sian liability movement |
(170,776) | (165,062) 105,012 1,109,238 |
| Not cash from investing activities |
(175rI20) | L047,510 |
| Cash flows from Ilns nc1ng ac dvl ties Bonk loan |
50,000 | |
| Not sash fram investing activities |
50,000 | |
| Net increase In cash and cash equlvsicats |
626,5$9 | 642.365 |
| Cash and cash eqalvalcnts at beginning ofyear | 642,365 | |
| Cash and cash equivalents at ead ofyear |
1368,954 | 642.36S |
| 3, | Donations s | n | d legacies | |||||
|---|---|---|---|---|---|---|---|---|
| Vnrestrlemd | Restricted | Total Funds | ||||||
| Funds 6 |
Funds E |
2ID2 f |
||||||
| Dauntless | ||||||||
| Donated rent | and overheads | 610,010 | 618,810 | |||||
| Grants | ||||||||
| Bournemouth | Vniverslty | (block gnmt) | 1,190,000 | t,190,000 | ||||
| ldtotkg(0 | l,808JI10 | |||||||
| Vnrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| E | E | |||||||
| Donatloas | ||||||||
| Dousted rent | and overheads | 586,779 | ||||||
| Cream | ||||||||
| Boumemouth Other grants |
Vniversity(block (BCP) |
grant) | 981,750 20308 |
'f)81.750 2tk208 |
||||
| Other gmnts | (Comnavirus | lob | Retention Scheme) | 274,171 | 274,171 | |||
| 1,862,908 | 1.862.908 | |||||||
| 4, | Cher(tabb | aetlvhics |
| Cher(ta | bb | aetlvhics | ||||
|---|---|---|---|---|---|---|
| Dnrestricted | Total Funds | llnrcstrlcted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| E | E | E | ||||
| Bsr,Shop hlarketing |
and Cafe income income |
965,718 55,191 |
9(dk718 &191 |
573)72 26D98 |
57,672 26598 |
|
| Sundry | income | 32495 | 32,395 | 50,681 | 50.681 | |
| 13MSI | 135+5) |
| Dnrestricted | Restricted | Total Fends | ||
|---|---|---|---|---|
| Funds | Fuads | 2022 | ||
| income Trading |
from u'acing subsidiary; activities |
IA38325 | 1,438,125 | |
| Grants | 130,MS | 130,000 | ||
| Donated | rent snd overheads | 197,120 | 197,120 | |
| I,765r245 | 4765845 |
| Urnestricted | Restricted | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||||||
| 6 | t | 5 | |||||||
| tneorne from trading subsidiary: Trading activities Qnuus Donaexl mnt and overheads |
168,022 39,036 150,940 |
129,979 | 168,022 169,015 150.940 |
||||||
| 357,998 | 129,979 | 487,977 | |||||||
| 6. | Investment | income | |||||||
| Unrestrbted | Total Funds | Unnmricted | Total Funds | ||||||
| Fends I |
2021 8 |
Funds 8 |
2D21 6 |
||||||
| Bunk interest | receivable | 25 | 25 | 1,989 | 1,989 | ||||
| 7. | Espcnditure | oftrading company | |||||||
| Unrestricted | Restrbtcd | Total Funds | |||||||
| Fuatb | Fuads | 2022 | |||||||
| 8 | |||||||||
| Bar operteins Danated rent |
emts nnd overhoads |
1,088,376 197,120 |
IJtsih376 197,120 |
||||||
| 1485496 | IJsg496 | ||||||||
| Uormulcmd | Restricted | Total funds | |||||||
| Funds | Funtb | 2021 | |||||||
| f | 2 | ||||||||
| Ber operatlns | costs | 187,351 | 57.979 | 245,330 | |||||
| Donated rent |
end overheads | 150.940 | 150,94D | ||||||
| Rebuilding | reserves | 72,000 | 72.000 | ||||||
| 338291 | 129,979 | 468,270 | |||||||
| 8. | Ecpendltore | oa charitable | activitifcs by fund type | ||||||
| Unrestc lctcd | Restricted | Total Funds | |||||||
| funds | Funds | 2022 | |||||||
| 8 | 8 | 0 | |||||||
| Union | 1,070,774 | 1,020,774 | |||||||
| Bar. Shop and Marketing Support costs |
Cafe | iacome | 578,531 53,933 1,083472 |
528,531 53,933 1.083872 |
|||||
| 2.6863110 | 2,686,810 |
| Rxpcadirurc on chssttable activlucs |
by fund type(ceaanued) | ||
|---|---|---|---|
| Unrestrk ted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| 6 | 6 | ||
| Union | 7D3,315 | 703.315 | |
| Shop and bsr Marketing |
171,963 34,154 |
171.963 34,154 |
|
| Support costs | 1,026,747 | 1.026.747 | |
| 1.936,I79 | L936,179 |
| Expendlcure | on charitable acttvlthrs |
by scdvtty type | |||
|---|---|---|---|---|---|
| Activities | |||||
| uadertshen | Totalfunds | Total flmds | |||
| directly | Suppart costs | 2022 | 2D21 | ||
| 6 | 6 | ||||
| Union | IJQ$,774 | 237v1$1 | IJSL955 | h074,774 | |
| Shop and bar Marketing |
52$J31 S3,933 |
163,119 | 691dno Syv933 |
I88,3$1 34,IS4 |
|
| Donated rent | and overheads | 61lhgt0 | 618JIIO | 586,779 | |
| Governance | costs | 69,462 | 69r462 | 52.09I | |
| 1,%3438 | 1,003472 | 2r606dtlo | 1.936,179 |
| d between diff rces as shown |
emnt ccdv below: |
iYien i | s shown bel |
ow. Costs ar | e allocated on | abasis con | slctem with |
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Apportlontnent | Student | Shop cnd | Auocntcd | Allocated | |||
| Cost type | bach | services | bars | 2022 | 2D21 8 |
||
| Insurance | Ttenovef | It,649 | 11449 | 33,261 | |||
| Otftcc costs | Cast | 12,330 | 12330 | 23,144 | |||
| Administration Depreciation |
salaries | Tiros Asset |
spoilt split |
327,610 | 24920 20;SI |
350J30 20,791 |
28$,237 43,42S |
| Repairs and | |||||||
| maintenance | Cost | (191) | |||||
| Rent snd overheads | Ares | 499,402 | Itpv408 | 6tl4$10 | S86,779 | ||
| Governance | Cost | 69,462 | 69,462 | 52,091 | |||
| 920vi53 | I63,119 | I,DSSJ72 | I.026.749 |
| Governance casts |
|||||||
|---|---|---|---|---|---|---|---|
| unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2822 | Funds 5 |
202( f |
||||
| Auditor's remuneration Legal fees |
-audit fees | '11,115 5L26I |
11,115 5836( |
7.580 41,990 |
7,580 4!.99D |
||
| Trustee enparnes | 86 | 86 | 2.521 | 2,521 | |||
| 69rl62 | 69vt62 | 52.091 | 52,091 | ||||
| Stnlf costs | |||||||
| Thc total stafF costs | and | employee | benefit | for the reporting | period me snalystul | as fogows: | |
| 2022 | 2021 | ||||||
| 5 | |||||||
| Wages and salaries Social security costs |
1,13IL617 89,250 |
956.997 89.433 |
|||||
| Employer coruribut |
iona | to pension | plans | (22,729) | (00,690 | ||
| 1/25,138 | (,147,100 |
| Group | Goodwill | |
|---|---|---|
| Cost | ||
| Atel August 2021 | (14,99S) | |
| Additions | ||
| At31 July 2022 | 114,99S) | |
| Ocprcdatlon At 01 Augrut 2021 |
I4,99S | |
| Amort fsatlan charge | I'orthe ymtr | |
| AtJIJuly 2022 | ||
| Nct book value | ||
| At31 July2022 | ||
| Atol Augtrst2021 |
| Tangible fiscd assets | |||
|---|---|---|---|
| Pictures, | |||
| flttlags and | hlotor | ||
| equlpmc at | vebkks | Total | |
| g | |||
| Cost | |||
| At 01 August 2021 Additions |
005,042 4,644 |
005r042 4,644 |
|
| Dispnsai | |||
| AI31 July 2022 | 009,066 | ||
| Depreciation At 01 August 2021 |
769,791 | 769,791 | |
| Charge for the year | 20r791 | 20,791 | |
| Eliminated an disposal |
|||
| At 31July 2022 | 7904S2 | 791L502 | |
| Net book value | |||
| At31July 2022 | '19,104 | 19,104 | |
| At 01August 2021 | 35451 | 35vTSI |
| Chsriiy | ||||||
|---|---|---|---|---|---|---|
| Fixtures, | ||||||
| fktlngs sad | hlotor | |||||
| equlpmcnt | vehicles | Total | ||||
| Cost | ||||||
| At 01 August 202 I Additions |
754667 4645 |
757v645 4,64S |
||||
| Disposcls | ||||||
| At 31July 2021 | 7S7,290 | 757490 | ||||
| Deprectstkrn AtDI August 202I |
717,394 | 717494 | ||||
| Charge for the year | 10,791 | 20,791 | ||||
| Eliminated | oe disposai | |||||
| At 31July | 2022 | 738,18S | 738,18S | |||
| net book value | ||||||
| At31 July2022 | 19,1D5 | IS.IDS | ||||
| At DI August 2021 | W251 | 35,251 | ||||
| 16. | Iavcstments | |||||
| Group | Charily | Group | Char ky | |||
| 2tl22 | 2022 | 2021 | 202I | |||
| 0 | E | E | ||||
| Cost | 1 | |||||
| Addition | I | |||||
| AIJIJuly | I | |||||
| Iuct book value | ||||||
| At31July |
| The statement | of | financial positio |
n ofthe trading subsidiary is shoiv |
n below: | |
|---|---|---|---|---|---|
| 2022 f |
2021 f |
||||
| Assets | Ir221,092 | 389,509 | |||
| Liabilities | (1&2,115) | (376,3221 | |||
| Share capital Retal ced proSs |
I 18,978 |
I 13.186 |
|||
| The results For the )otu ended 31 |
luty 2022 ot Ihe trading sulnidhuy | are shown belmv: | |||
| 2022 | 2021 | ||||
| Tumovm | I/138,125 | 168,023 | |||
| Cast ofsales | (777,424) | (113,857) | |||
| Gross profit | 660,701 | 54.166 | |||
| Direct costs | and overheads | (384,9119) | (224,9931 | ||
| Other income | 130,000 | 169.015 | |||
| Net (Loss)/Profit | 405,792 | (1.812) | |||
| Distribution | made to pment charity | (4003)80) | |||
| (Dellclt)/Surplus | retained | 5,792 | (L812) |
| 17, | Stocks | ||||||
|---|---|---|---|---|---|---|---|
| Croup 2022 |
Charity 2022 |
Group 2021 f |
Charity 2021 |
||||
| Ber and | food | smoke | 32/109 | 7604 | 45,251 | 10,857 | |
| General | eading stocks | 39302 | 39JD2 | 35.266 | 35.266 | ||
| 7trptl | 46,806 | 80,517 | 46,123 | ||||
| 18. | Debtors | ||||||
| Croup | Charity | Group | Charity | ||||
| 2022 8 |
2022 f |
2021 | 2021 | ||||
| Trade debtors | 37,606 | 21.366 | 26.823 | 10.251 | |||
| Amounts owed by group undertakings Prepeyments snd accrued Income Oker debtors |
334137 63,108 |
996,450 32,475 53.107 |
59,294 32,554 |
228.066 20,554 |
|||
| 134451 | 1,103,398 | 118.671 | 258.871 |
| Crcditorsr Amounts falliag duc within |
one year | |||
|---|---|---|---|---|
| Group | Charity | Group | Charity | |
| 2022 e |
2022 f |
2021 | 2021 | |
| Tmdc creditors | 107345 | 75,901 | 95,912 | 34.856 |
| Taxation and social security Other creditors and accrusls |
210,197 433)86 |
102,412 19,151 |
3S,ISI 40,688 |
19,723 1$.917 |
| Pumis held for third pmties | 393134 | 39,634 | 87,&47 | 87,847 |
| Sank loans | 93)03 | 50 | 7,987 | |
| 410,065 | 237,14$ | 26748S | 161,343 |
| Credltorm | A | mouals tuning duc over |
one year | ||||
|---|---|---|---|---|---|---|---|
| Creep | Charity | Group | Clmrity | ||||
| 2022 f |
21122 f |
2021 | 2021 f |
||||
| Sank loans | 32,746 | 42,013 | |||||
| 32,746 | 42,013 | ||||||
| 4nalysk | ofchar tleble funtk | ||||||
| Gnrestrk | tcd | feeds | |||||
| At 01 Augmt | At | ||||||
| 2021 f |
income | Bxpenditure f |
Si duly | 2022 8 |
|||
| General | funds | 36'1,206 | 4,627JBS | (4,143,083) | 1,051,508 | ||
| Pension | (1,109,23$) | 170.776 | (938r462) | ||||
| (342.032) | 4.627,38S | (3,972,307) | 113,046 |
| Aaalysls | ofnct assets (between restric | ted aud unrcstrkled funds) |
||
|---|---|---|---|---|
| Tangible | Other | |||
| fixed assets | aet assets | Total f |
||
| Restricted funds | ||||
| General | fund | 19,104 | 13)32rt04 | VIS%OS |
| Pension | fund | (938,462) | (930rt62) | |
| 19,104 | 93,942 | 113,046 |
| Total charity funds ss et3I July | 2020 | (573.77Ii |
|---|---|---|
| Less lass recognised In period I |
August 2020 to | |
| 28 August 2020 | (52,D37) | |
| Total net asset delicit transferred | asst 2SAugmt 2D20 | (625.808I |