Docusign Envelope ID: 43147FD4-F719-410D-AB37-BC7105AC2A8F
Charity number: 1190990 Company number: CEO23685
(England and Wales)
VAN MILDERT COLLEGE JUNIOR COMMON ROOM
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 July 2024
Docusign Envelope ID: 43147FD4-F719-410D-AB37-BC7105AC2A8F
## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Contents Page For the year ended 31 July 2024
|Report of the Trustees|1 to 6|
|---|---|
|Independent Examiner's Report to the Trustees|7|
|Statement of Financial Activities|8|
|Statement of Financial Position|9|
|Notes to the Financial Statements|10 to 17|
|Detailed Statement of Financial Activities|18|
Docusign Envelope ID: 43147FD4-F719-410D-AB37-BC7105AC2A8F
## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Report of the Trustees
## For the year ended 31 July 2024
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 July 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Chair's report**
The Trustees are responsible for preparing the Trustees' report and the accounts in accordance with Charities Act 2011 and United Kingdom Generally Accepted Accounting Practice.
The Charities Act 2011 requires the Trustees to prepare accounts for each financial year which give a true and fair view of its financial activities during the year and of its financial position at the end of the year. In presenting those accounts, they are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP FRS 102;
- make judgements and estimates that are reasonable and prudent;
- follow applicable UK accounting standards and the Charities SORP FRS 102, disclosing and explaining any departures in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to do so.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011 and with the requirements of the Statement of Recommended Practice Accounting and Reporting by Charities: statement of recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - Charities SORP FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities besides the above responsibilities.
th
This report was approved by the trustees on 27 May 2025
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Report of the Trustees Continued For the year ended 31 July 2024
## **OBJECTIVES AND ACTIVITIES**
As set out in its governing document, the object of Van Mildert College Junior Common Room (henceforth JCR’) of education of students at Van Mildert College for the public benefit by:
is the advancement
- promoting the interests and welfare of Students at Van Mildert College during the course of their studies and representing, supporting and advising students;
- being the recognised representative channel between Students and Van Mildert College and any other external bodies;
- providing social, sporting, cultural and recreational activities and forums for discussions and debate for the personal development of its students.
The trustees of the JCR have had regard to the Charity Commission’s guidance on public benefit. The trustees are satisfied that the JCR has carried out each of its objects in such a way that is beneficial’ to a sufficient section of the public’.
There has been no personal benefit gained from the JCR with the exception of the employment of two of the trustees by the JCR. This is incidental to carrying out the charity’s purpose and is in the governing document of the CIO.
Throughout the reporting period, the JCR has done the following to further the charity’s purpose for the public benefit:
- Represented the student interests to the College, the University and other external bodies;
- Promoted the welfare of students through an internal welfare service and signposting to external welfare services;
- Facilitated and managed a range of sports teams, societies, committees and volunteering opportunities for the personal development and enrichment of students;
- Run a wide range of events in the student interest from cultural and welfare events to formal charity dinners and welcome events for new students.
In addition to the trustees, more than 100 students volunteered their time to further the charity’s purposes. This provided a significant opportunity for personal development, and further strengthened the commitment of the JCR to community engagement and service both internally and across the wider community.
Two of the charity trustees were employed as sabbatical officers of the charity allowing them to administer and support the furthering of the charity purposes, as well as gaining valuable experience in management and collaborative working with the University leadership.The JCR President and Financial and Commercial Services Officer (FACSO) spent a fifth of their contracted hours on governance of the charity and representing the student interest. The charity supported the JCR FACSO to live in the college in order to permanently support the welfare and interests of the students as well as the administration of the large amount of JCR activity which happens outside of normal working hours. The Board of Trustees determined this was a worthwhile investment of funds, and this will be reviewed annually to ensure that this costs continues to be in the best interests of the charity and its members.
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Report of the Trustees Continued
For the year ended 31 July 2024
## **ACHIEVEMENTS AND PERFORMANCE**
This was the fourth reporting period of the JCR, and it was the second reporting period of full independence from the University and Van Mildert College. A large focus was on supporting continuing engagement with the JCR since the pandemic and financial climate of the UK. The JCR’s practices were developed and refined, to deal with new challenges, specifically financial challenges, facing both the charity and the students.
The JCR supported the welfare of its students largely through its own student support team, 'Talk and Support'. The pastoral team provided non judgemental, non advisory listening services throughout the year through a series of regular drop ins and an instant messaging services. The campaigns side of the talk and support team provided signposting and information on topics such as sexual health, grief, living out of college and finding a house during the Durham student housing crisis and LGBTQ+ history and support. Throughout the year, but particularly during the exam period, the service provided events designed to help students manage stress and improve their overall welfare.
The charity provided platforms for student voices to be heard within the university and student views University and other external bodies. This was provided throughout the year by:
represented to the College,
1. Democratic processes within the JCR including elections and motions throughout which the student body could vote for their representatives and their views;
2. The JCR Sabbatical officers advocate for the student interest on a range of College advisory groups and University working groups.
This allowed positive change regarding a number of issues which are important to the student body including the Durham University Housing Crisis, Environmental and Sustainability issues and International Student Representation.
The JCR’s activity provided a number of opportunities for the personal development of its members through the recruitment of student volunteers. These volunteer positions included opportunities to run and organise events, community initiatives and peer welfare support. The JCR also provided opportunities for students to gain experience in governance, policy making and financial controls through committees and student volunteer roles.
Many of our committees, events and community initiatives benefit a wider breadth of the public than our students. Many of our sports teams, events and welfare services were accessible to students outside of Van Mildert College. Most notably, our 5 pre-existing outreach projects worked with the local community to develop our connections and benefit the public. Three of our projects: Young Person’s Project (YPP), Environmental Conservation Committee (ECC) and Primary School Project (PSP) worked with local schools. Our Community Visiting Scheme (CVS) saw students working with the local elderly to build partnerships. These opportunities allowed for the personal development of our student volunteers and leaders, as well as enriching the local community. The newly established Mildert for Refugees (MFR) project continued to grow and provided a much needed service for Ukrainian refugees in the local community. In the reporting year, a new outreach project Queer Awareness Project (QAP) was established, which saw students going into a local secondary school to educate students about queer history and build awareness around queer identity.
In the reporting year, a new alumni-student networking scheme was set up, with the sole purpose of developing students both personally and professionally. The scheme was extremely successful, and will be continued annually with hopes of providing students with opportunities to connect with alumni in their desired career.
## **FINANCIAL REVIEW**
At the end of the reporting period, the JCR had £16,993 (2023: £61,252) in the bank. Overall, income levels decreased compared to last year and resulted in a deficit of £4,829 (2023: surplus of £17,714) as shown in the statement of financial activities on page 7.
The JCR has sufficient funds to continue its core activities and the trustees see no reason to anticipate a significant loss of income in the next financial year so long as JCR levy uptake, the JCR’s main source of income remains at a similar level for years to come.
## **Reserves**
It is the policy of the JCR that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the JCR’s current activities while consideration is given to ways in which additional funds may be raised.
At the balance sheet date, the level of reserves stood at £17,003 (2023: £21,832). The policy and the actual level of reserves as at 31 July 2024 and consider this to be sufficient.
trustees have reviewed both the reserves
## **Going concern**
The charity has stated a net deficit in the year of (£4,829) 2023: Surplus £17,714.
Based on the current reserves policy and a assumed continued deficit in the future there will not be sufficient reserves avalaible to sustain the operation of the charity.
The Trustees have theefore reviewed the financials and are seeking to reduce the operating costs to ensure the going concern status.
Based on the above, the accounts have continued to be prepared on a going concern basis.
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Report of the Trustees Continued
For the year ended 31 July 2024
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The JCR is a charitable incorporated organisation, registered on 24th August 2020 and governed by the Van Mildert College JCR Constitution.
## **Recruitment and appointment of trustees**
As stated in its constitution, the JCR should have not less than two nor more than six appointed trustees; not less than two nor more than four nominated trustees; and the two ex-officio trustees, the sabbatical officers. There must be at least four trustees, of which two must be appointed and of which two must be either ex-officio or nominated. The ex-officio trustees are the JCR President and the JCR FACSO, and the nominated trustees refer to those nominated by the Van Mildert College Junior Common Room Students’ Union. The appointed trustees are appointed for a term of years, and the nominated trustees are nominated on an annual basis.
Six trustees were appointed prior to registering as a charity by members of the JCR’s predecessor body in February 2020 and remained in post until the end of the reporting period, with two resigned at the end of the reporting period and being replaced by two different trustees.
During the reporting period, one nominated trustee had to resign, and the other reached the end of their term and decided to not rerun. On the 13th February, a new nominated trustee entered into this role following election by single transferable vote and served until the end of the reporting year.
At the beginning of the reporting period the ex-officio trustee JCR President and JCR FACSO took office following elections by single transferable voting, and served until the end of the reporting period.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** VAN MILDERT COLLEGE JUNIOR COMMON ROOM **Charity registration number** 1190990 **Company registration number** CEO23685 **Principal address** Van Mildert College Mill Hill Lane Durham United Kingdom DH1 3LH
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
C Goggin (Appointed: 28 April 2023) (Resigned: 31 July 2024) S Murphy (Appointed: 01 February 2022) (Resigned: 31 January 2024) P Brunger (Appointed: 24 August 2020) (Resigned: 31 July 2024) H Starmer (Appointed: 24 August 2020) S Williams (Appointed: 24 August 2020) S Hook (Appointed: 24 August 2020) (Resigned: 31 July 2024) Dr C Redhead (Appointed: 24 August 2020) (Resigned: 31 March 2025)
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VAN MILDERT COLLEGE JUNIOR COMMON ROOM Report of the Trustees Continued For the year ended 31 July 2024
## **Independent examiners**
T Collis (Appointed: 24 August 2020) M Matthews (Appointed: 13 February 2024) (Resigned: 31 January 2025) S Rothwell (Appointed: 01 August 2023) (Resigned: 31 July 2024) A Bakewell (Appointed: 01 August 2023) (Resigned: 31 July 2024) F Hale (Appointed: 01 August 2024) Dr M Davies (Appointed: 01 August 2024) L Henderson (Appointed: 01 August 2024) N Holford (Appointed: 01 August 2024) T Jackson (Appointed: 23 November 2024) O Murphy (Appointed: 01 February 2025) M Smith (Appointed: 01 April 2025) Beach Accountants Limited Chartered Certified Accountants 10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 27 May 2025 L Henderson
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Independent Examiners Report to the Trustees For the year ended 31 July 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 July 2024.
## **Responsibilities and basis of report**
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Beach Accountants Limited Chartered Certified Accountants 10 Blue Sky Way Monkton Business Park South South Tyneside NE31 2EQ
27 May 2025
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2024
||**Notes**|**Unrestricted**|**Restricted**|**2024**|**2023**|
|---|---|---|---|---|---|
|||**funds**|**funds**|||
|||**£**|**£**|**£**|**£**|
|**Income and endowments from:**||||||
|Donations and legacies|2|6,569|7,205|13,774|50,423|
|Charitable activities|3|185,571|-|185,571|160,422|
|Other trading activites|4|28,798|-|28,798|18,200|
|Investments|5|256|-|256|127|
|**Total**||**221,194**|**7,205**|**228,399**|**229,172**|
|**Expenditure on:**||||||
|Raising funds|6|(16,883)|-|(16,883)|(11,565)|
|Charitable activities|7|(209,140)|(7,205)|(216,345)|(199,893)|
|**Total**||**(226,023)**|**(7,205)**|**(233,228)**|**(211,458)**|
|**Net income/expenditure**||**(4,829)**|**-**|**(4,829)**|**17,714**|
|**Reconciliation of funds**||||||
|Total funds brought forward||21,832|-|21,832|4,118|
|**Total funds carried forward**||**17,003**|**-**|**17,003**|**21,832**|
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Registered Number : CEO23685
## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Statement of Financial Position
## As at 31 July 2024
|||**Notes**|**2024**|**2023**|
|---|---|---|---|---|
||||**£**|**£**|
|**Fixed assets**|||||
|Tangible assets||13|2,413|3,597|
||||**2,413**|**3,597**|
|**Current assets**|||||
|Debtors||14|1,132|2,424|
|Cash at bank and in hand|||16,993|61,252|
||||**18,125**|**63,676**|
|**Creditors: amounts falling due within one year**||15|(3,535)|(45,441)|
|**Net current assets**|||**14,590**|**18,235**|
|**Total assets less current liabilities**|||**17,003**|**21,832**|
||||||
|**Net assets**|||**17,003**|**21,832**|
|**The funds of the charity**|||||
|Unrestricted income funds||16|17,003|21,832|
|**Total funds**|||**17,003**|**21,832**|
|For the year ended 31 July 2024 the company was entitled|to exemption|from audit under section 477 of|the Companies Act 2006||
|relating to small companies.|||||
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section
- 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
L Henderson Trustee
27 May 2025
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VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements For the year ended 31 July 2024
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared in accordance with the JCR's Constitution, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The JCR is a Public Benefit Entity as defined by FRS 102.
The JCR has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the JCR. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the JCR has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the JCR.
## **Incoming resources**
Income is recognised when the JCR is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the JCR has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
## **Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements Continued For the year ended 31 July 2024
## **Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings: 20% on cost
Musical instruments: 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
At each reporting end date, the JCR reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **Addtional policies**
Cash and cash equivalents:
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## Financial instruments:
The JCR has elected to apply the provisions of Section 11 Basic Financial Instruments’ and Section 12 Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the JCR's balance sheet when the JCR becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## Derecognition of financial assets:
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the JCR transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
## Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities:
Financial liabilities are derecognised when the JCR’s contractual obligations expire or are discharged or cancelled.
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements Continued
## For the year ended 31 July 2024
## **Charity information**
Van Mildert College Junior Common Room is a charitable incorporated organisation, registered on 24th August 2020 and governed by the Van Mildert College JCR Constitution.
## **2. Income from donations and legacies**
||**Unrestricted**|**Restricted**|**2024**|**2023**|
|---|---|---|---|---|
||**funds**|**funds**|||
||**£**|**£**|**£**|**£**|
|Donations received|6,569|7,205|13,774|50,423|
||**6,569**|**7,205**|**13,774**|**50,423**|
|**come from charitable activities**|||||
||||**2024**|**2023**|
||||**£**|**£**|
|**Unrestricted funds**|||||
|**_Membership Levies_**|||||
|Income from charitable activities|||45,626|45,292|
|**_Contract funding_**|||||
|Income from charitable activities|||14,628|14,298|
|**_Social Event Income_**|||||
|Income from charitable activities|||111,520|97,316|
|**_Sports & societies subscriptions_**|||||
|Income from charitable activities|||10,627|3,516|
|**_Other income_**|||||
|Income from charitable activities|||3,170|-|
||||**185,571**|**160,422**|
|**come earned from other activities**|||||
||||**2024**|**2023**|
||||**£**|**£**|
|**Unrestricted funds**|||||
|Shop and stash income|||23,353|14,498|
|Income from hire of equipment|||5,445|3,702|
||||**28,798**|**18,200**|
## **3. Income from charitable activities**
## **4. Income earned from other activities**
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements Continued
For the year ended 31 July 2024
## **5. Investment income**
||||**2024**|**2023**|
|---|---|---|---|---|
||||**£**|**£**|
|**Unrestricted funds**|||||
|Bank interest receivable|||256|127|
||||**256**|**127**|
|**xpenditure on other trading activities**|||||
||||**2024**|**2023**|
||||**£**|**£**|
|**Unrestricted funds**|||||
|Shop and stash income|||16,883|11,565|
||||**16,883**|**11,565**|
|**osts of charitable activities by activity type**|||||
||**Activities**|**Support costs**|**2024**|**2023**|
||**undertaken**||||
||**directly**||||
||**£**|**£**|**£**|**£**|
|**Support costs**|||||
|**Charitable activities**|||||
|Staff costs - wages & salaries|7,050|47,729|54,779|44,161|
|Sabbatical accomodation and|-|8,792|8,792|14,911|
|food|||||
|Depreciation - owned assets|1,184|-|1,184|1,184|
|Card fees|3,731|-|3,731|3,282|
|Computer costs|959|-|959|556|
|Accountancy|-|2,155|2,155|1,555|
|Independent examiner's fee|-|480|480|480|
|Insurance|-|5,034|5,034|4,506|
|Event costs|107,073|115|107,188|106,835|
|Sports costs|20,673|-|20,673|16,198|
|Sundry expenses|3,180|-|3,180|5,464|
|Printing, postage and|17|-|17|354|
|stationary|||||
|Repairs and maintenance|75|-|75|90|
|Donations|||||
||8,098|-|8,098|317|
||**152,040**|**64,305**|**216,345**|**199,893**|
||**152,040**|**64,305**|**216,345**|**199,893**|
## **6. Expenditure on other trading activities**
## **7. Costs of charitable activities by activity type**
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## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements Continued
For the year ended 31 July 2024
## **9. Net income/(expenditure) for the year**
This is stated after charging/(crediting):
**----- Start of picture text -----**
2024 2023
£ £
Depreciation of owned fixed assets 1,184 1,184
10. Staff costs and emoluments
2024 2023
2 2
JCR Staff
2 2
**----- End of picture text -----**
## **10. Staff costs and emoluments**
## **11. Trustee remuneration and related party transactions**
There has been no personal benefit gained from the JCR with the exception of the employment of two trustees by the JCR. This is incidental to carrying out the charity's purpose and is in the governing document of the CIO.
The Charity supported the JCR FACSO to live in the college in order to permanently support the welfare and interests of the students as well as the administration of the large amount of JCR activity which happens outside of normal working hours.
The Salaries paid to trustees in the year were as follows:
President - Storm Rothwell £23,864.33
FASCO - Adam Bakewell £23,864.33
Accomodation & Food costs for trustees in the year was as follows:
President & FASCO combined cost of £8,792 (2023: £14,911)
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Docusign Envelope ID: 43147FD4-F719-410D-AB37-BC7105AC2A8F
## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements Continued
For the year ended 31 July 2024
## **12. Comparative for the Statement of Financial Activities**
||**Unrestricted**|**Restricted**|**2023**|
|---|---|---|---|
||**funds**|**funds**||
||**£**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|43,823|6,600|50,423|
|Charitable activities|160,422|-|160,422|
|Other trading activites|18,200|-|18,200|
|Investments|127|-|127|
|**Total**|**222,572**|**6,600**|**229,172**|
|**Expenditure on:**||||
|Raising funds|(11,565)|-|(11,565)|
|Charitable activities|(193,293)|(6,600)|(199,893)|
|**Total**|**(204,858)**|**(6,600)**|**(211,458)**|
|**Net income/expenditure**|**17,714**|**-**|**17,714**|
|**Reconciliation of funds**||||
|Total funds brought forward|4,118|-|4,118|
|**Total funds carried forward**||||
||**21,832**|**-**|**21,832**|
## **13. Tangible fixed assets**
||**Musical**|**Fixtures and**||
|---|---|---|---|
|**Cost or valuation**|**Instrument**|**Fittings**|**Total**|
||**Capitalised**|||
||**£**|**£**|**£**|
|At 01 August 2023|2,827|2,389|5,216|
|At 31 July 2024|**2,827**|**2,389**|**5,216**|
|**Depreciation**||||
|At 01 August 2023|942|677|1,619|
|Charge for year|707|477|1,184|
|At 31 July 2024|**1,649**|**1,154**|**2,803**|
|**Net book values**||||
|At 31 July 2024|**1,178**|**1,235**|**2,413**|
|At 31 July 2023|**1,885**|**1,712**|**3,597**|
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Docusign Envelope ID: 43147FD4-F719-410D-AB37-BC7105AC2A8F
## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements Continued
For the year ended 31 July 2024
## **14. Debtors**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|**Amounts due within one year:**|||
|Trade debtors|116|1,524|
|Prepayments and accrued income|1,016|900|
||**1,132**|**2,424**|
## **15. Creditors: amounts falling due within one year**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Trade creditors|-|31|
|Other creditors|334|3,698|
|Accruals and deferred income|3,201|41,712|
||**3,535**|**45,441**|
## **16. Movement in funds**
|**Unrestricted Funds**|||||
|---|---|---|---|---|
||**Balance at**|**Incoming**|**Outgoing**|**Balance at**|
||**01/08/2023**|**resources**|**resources**|**31/07/2024**|
||**£**|**£**|**£**|**£**|
|**_General_**|||||
|Unrestricted funds|21,832|221,194|(226,023)|17,003|
||**21,832**|**221,194**|**(226,023)**|**17,003**|
|**Unrestricted Funds - Previous year**|||||
||**Balance at**|**Incoming**|**Outgoing**|**Balance at**|
||**01/08/2022**|**resources**|**resources**|**31/07/2023**|
||**£**|**£**|**£**|**£**|
|**_General_**|||||
|Unrestricted funds|4,118|222,572|(204,858)|21,832|
||**4,118**|**222,572**|**(204,858)**|**21,832**|
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Docusign Envelope ID: 43147FD4-F719-410D-AB37-BC7105AC2A8F
## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements Continued
For the year ended 31 July 2024
## **Restricted Funds**
||**Incoming**|**Outgoing**|**Balance at**|
|---|---|---|---|
||**resources**|**resources**|**31/07/2024**|
||**£**|**£**|**£**|
|Restricted funds|7,205|(7,205)|-|
||**7,205**|**(7,205)**|**-**|
|**Restricted Funds - Previous year**||||
||**Incoming**|**Outgoing**|**Balance at**|
||**resources**|**resources**|**31/07/2023**|
||**£**|**£**|**£**|
|Restricted funds|6,600|(6,600)|-|
||**6,600**|**(6,600)**|**-**|
|**17. Analysis of net assets between funds**||||
||**Tangible fixed**|
**Net current**|**Net Assets**|
||**assets**|**assets /**||
|||**(liabilities)**||
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|**_General_**||||
|Unrestricted funds|2,413|14,590|17,003|
||**2,413**|**14,590**|**17,003**|
|**Previous year**||||
||**Tangible fixed**|
**Net current**|**Net Assets**|
||**assets**|**assets /**||
|||**(liabilities)**||
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|**_General_**||||
|Unrestricted funds|3,597|18,235|21,832|
||**3,597**|**18,235**|**21,832**|
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Docusign Envelope ID: 43147FD4-F719-410D-AB37-BC7105AC2A8F
## VAN MILDERT COLLEGE JUNIOR COMMON ROOM Notes to the Financial Statements
For the year ended 31 July 2024
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|**INCOME AND ENDOWMENT**|||
|**Donations and legacies**|||
|Donations|13,774|50,423|
||**13,774**|**50,423**|
|**Charitable activities**|||
|Income from charitable activities (Membership|45,626|45,292|
|Levies)|||
|Income from charitable activities (Contract funding)|14,628|14,298|
|Income from charitable activities (Social Event|111,520|97,316|
|Income)|||
|Income from charitable activities (Sports & societies|10,627|3,516|
|subscriptions)|||
|Income from charitable activities (Other income)|3,170|-|
||**185,571**|**160,422**|
|**Other trading activities**|||
|Shop and stash income|23,353|14,498|
|Income from Income from hire of equipment|5,445|3,702|
||**28,798**|**18,200**|
|**Investments**|||
|Bank interest receivable|256|127|
||**256**|**127**|
|**Total incoming resources**|**228,399**|**229,172**|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Shop and stash income|(16,883)|(11,565)|
||**(16,883)**|**(11,565)**|
|**Charitable activities**|||
|Cost of direct charitable activity (Charitable|(152,040)|(143,737)|
|activities)|||
||**(152,040)**|**(143,737)**|
|**SUPPORT COSTS**|||
|**Support costs**|||
|Support costs (Charitable activities)|(64,305)|(56,156)|
||**(64,305)**|**(56,156)**|
|**Total resources expended**|**(233,228)**|**(211,458)**|
|**Net Expenditure**|**(4,829)**|**17,714**|
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