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||||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|
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|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|
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|||||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$||655.078|(542.032)|
|Rceoncilktloa
offunda|||||||
|Total funds brought
forward|||(542,032)||(S42.032)||
|Total funds serried forward|||113.046||113,046|(542,032)|
##
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|||||||31July 2022||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Group||Charity||
|||||||2022|2021|ZOZZ|ZD21|
||||||||E|6||
|FIscd emcee||||||||||
|intangible
assets
Tangible omets|||||14
15|19,104|35.251|19,104|35251|
|Investmenn|||||16|||I|I|
|||||||19.104|35.251|19,105|35,252|
|Current
assets||||||||||
|Stocks|||||IT|71,911|8(k517|46,806|46,123|
|Debtors|||||18|I34JSI|118,671|1,103898|258.871|
|Cosh at bank|and in hand|||||IJgtkpS4|642.365|100J69|375,116|
|||||||Iv475,216|841453|IPStk573|68D.I IO|
|Credltorst
Amosnts
one year||felling|due wlthla||19|(410,065)|(267.585)|(237,148)|(161343)|
|Credltorss|Amounts|falling|due|over||||||
|one year|||||20|(32,T47)|(42.013)|||
|Nct current|assets|||||1,065,151|573,968|1,013,425|518.767|
|Total sascts|less current liabilities|||||I,0%355|609.219|1,031530|554,019|
|Net assets eac lu ding||pens los|lisbi|0ty||I,OSI,SOS|567.206|1,032~|554.019|
|ncliaml
beaefst pcnsleu liability|||||21|(938,462)|(I,109338)|(938rl62)|(1,109.238)|
|Net assets||||||1133146|(542.032)|94s068|(55S,219)|
|Funds||||||||||
|Restricted|||||21|||||
|Pemion reserve|||||21|(938vt62)|(I,ID9,238)|(938,462)|(1.109,238)|
|||||||(938rt62)|(hl09.2381|(938,462)|(I,ID9.238)|
|Unmstricted|||||21|l,iiev763|567.206|1,051808|554.019|
|Total charity fuads||||||I'7$,801|(542,D32)|113,046|(555219)|
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|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|
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|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|
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||||||||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|
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|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|
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|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|
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|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|
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||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||||||
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##
|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|
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##
|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|
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|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|
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