2022-07-31-accounts

					Page
Reference and Administrative		Details ofthe Company,	its Trustees	and Advisers
Trustees' Report					2-14
Independent	Auditors' Report	on the Financial Statements			15-18
Consolidated	Statement of Financial Activities				19
Consolidated	Balance Sheet				20
Company Balance Sheet					21
Consolidated	Statement ofCash Flows				22
Notes to the	Financial Statements				23-43

Trustees				LJones
				S Campbell
				J Killick
				I Iftikhar (appointed		1	July 2022)
				S E Ibifunmilola (appointed 1 July 2022)
				S Islam (appointed	1		July 2022)
				P BCrewe (appointed				1 July 2022)
				J Coe (resigned 31	August 2022)
				H Maryam (resigned			30June 2022)
				Z Sutton (resigned 30				June 2022)
				M Searle (resigned	23			August 2021)
				F Robertson-Barnett			(resigned 30June 2022)
				P Orton (resigned 30			June 2022)
Company	registered
number				12714026
Charity registered
number				1191269
Registered		office		21 Higher Cambridge			Street
				Manchester
				M15 6AD
Chief executive officer				Matt Robinson
Senior leadership			team	Matt Robinson, Chief			Executive Officer
				Paul Norman, Head		of		Membership	Development
				Stephanie Taylor-Wren,				Head of Insight
				Louise White, Head		of		Finance 8 Performance
				Lesley Edwards, Head				of People
				Jo Stafford, Head of		Marketing and			Communications
Independent		auditors		Dains Audit Limited
				Statutory Auditor
				Suite 2, Albion House
				2 Etruria Office Village
				Forge Lane
				Stoke on Trent
				Staffordshire
				ST1 5RQ

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Note	2022 f	2022 E	2022f	2021 E
Income from:
Donations and legacies		2,771,118	21,983	2,793,101	2,815,248
Other trading activities		1,571,179		1,571,179	408,314
Investments		685		685	121
Total income		4,342„982	21,983	4,364,965	3,223,683
Expenditure on:
Raising funds		1,559,468		1,559,468	406,265
Charitable activities		2,345,953		2,345,953	7,084,447
Total expenditure		3,905,421		3905421	7490 712
Net income/(expenditure)		437,561	21,983	459,544	(4,267,029)
Transfers between funds	18	21,983	(21,983)
Net movement in funds		459,544		459,544	(4,267,029)
Reconciliation offunds:
Total funds brought forward		(4,267,029)		(4,267,029)
Net movement in funds		459,544		459,544	(4,267,029)
Total funds carried forward		(3,807,485)		(3,807,485)	(4,267,029)

						2022		2021
				Note		E
Fixed assets
Tangible assets				11		17,260		25,879
Investments				12		1,824		1,824
						19,084		27,703
Current assets
Stocks				13	102,180		91,163
Debtors				14	93,984		102,052
Cash at bank and	in	hand			1,971,403		1,631,516
					2,167,567		1,824,731
Creditors: amounts year		falling	due within one	15	(738,023)		(607,448)
Net current assets						1,429,544		1,217,283
Total assets less	current		liabilities			1,448,628		1,244,986
Creditors: amounts than one year		falling	due after more	16		(5,256,113)		(5,512,015)
Total net liabilities						(3,807,485)		(4,267,029)
Charity funds
Restricted funds				18
Unrestricted funds
Designated funds				18	240,000		240,000
General funds				18	1,470,009		1,238,278
Pension reserve					(5,517,494)		(5, 745,307)
Total unrestricted	funds			18		(3,807,485)		(4,267,029)
Total funds						(3,807,485)		(4, 267,029)

						2022		2021
				Note		f.
Fixed assets
Tangible assets				11		17,260		25,879
Investments				12		1,825		1,825
						19,085		27,704
Current assets
Stocks				13	96,390		86,671
Debtors				14	169,229		267,085
Cash at bank and	in hand				1,875,394		1,467,342
					2,141,013		1,821,098
Creditors: amounts	falling due within		one
year				15	(711,470)		(603,816)
Net current assets						1,429,543		1,217,282
Total assets less	current	liabilities				1,448,628		/,244,986
Creditors: amounts	falling due after		more
than one year						(5,256,113)		(5,512,015)
Total net assets						(3,807,485)		(4,267,029)
Charity funds
Restricted funds				18
Unrestricted funds
Unrestircted funds	excluding	pension	liability	18	1,470,009		1,238,278
Designated funds				18	240,000		240,000
Pension reserve				18	(5,517,494)		(5,745,307)
Total unrestricted	funds			18		(3,807,485)		(4,267,029)
Total funds						(3,807,485)		(4,267,029)

				2022	2021
				F
Cash flows from operating	activities
Net cash provided by operating activities				355,960	19,364
Cash flows from investing	activities
Purchase oftangible fixed assets				(16,073)	(1,849)
Cash donated from predecessor charity		'			1,614,001
Net cash provided by investing activities				(16,073)	1,612,152
Change in cash and cash	equivalents	in	the year	339,887	1,631,516
Cash and cash equivalents	at the beginning		ofthe year	1,631,516
Cash and cash equivalents	at the end	of	the year	1,971,403	1,631,516

			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
					f.
Block grant			2,145,138		2,145,138
Top up grant			625,980		625,980
Coronavirus	Job Retention	Scheme		21,983	21,983
			2,771,118	21,983	2,793,101
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
					E
Block Grant			1,937,149		1,937,149
Top up grant			550,296		550,296
Coronavirus	Job Retention	Scheme		327,803	327,803
			2,487,445	327,803	2,815,248

		Unrestricted	Total
		funds	funds
		2022f	2022 F
Commercial		1,328,972	1,328,972
Totum	Card	1,729	1,729
Media		56,856	56,856
Trading	Subsidiary	183,622	183,622
		1,571,179	1,571,179

Income	from fundraising events (continued)
		Unrestricted	Total
		funds	funds
		2021	2021f
Commercial		337,575	337,575
Totum	Card	2,180	2,180
Media		(2,794)	(2,794)
Other		50,000	50,000
Trading	Subsidiary	21,353	21,353
		408,314	408,314

		Unrestricted	Total
		funds	funds
		2022	2022
		F
Investment	income	685	685
		Unrestricted	Total
		funds	funds
		2021	2021
Investment	income	121	121

											Unrestricted	Total
											funds	funds
											2022	2022
											F	F
	Advancement		ofeducation								2,345,953	2,345,953
											Unrestricted	Total
											funds	funds
											2021	2021
	Advancement		of education								2,106,206	2,106,206
	Transfer	from	The	Manchester			Metropolitan	University	Students'	Union	4,978,241	4,978,241
											7,084,447	7,084,447
7.	Expenditure		on raising funds
	Costs of raising voluntary					income
											Unrestricted	Total
											funds	funds
											2022	2022
											F	F
	Bar, shop and		building		support						802,732	802,732
	Freshers	costs									31,794	31,794
	Trading	subsidiary		costs							132,251	132,251
	Ambassador		costs								13,412	13,412
	Voluntary	income staff			costs						570,444	570,444
	Voluntary	income depreciation									8,835	8,835
											1,559,468	1,559,468

						Unrestricted	Total
						funds	funds
						2021	2021
						E
Bar, shop		and	building		support	278,268	278,268
Freshers		costs				1,463	1,463
Trading	subsidiary			costs		9,781	9, 78'l
Ambassador			costs			10,929	10,929
Voluntary		income staff			costs	92,889	92,889
Voluntary		income depreciation				12,935	12,935
						406,265	406,265

				Activities
				undertaken	Total
				directly	funds
				2022	2022
				f.	F
Total direct costs				2,345,953	2,345,953
				Activities
				undertaken	Total
				clirectly	funds
				2021	2021
Total direct costs				2,106,206	2,106,206
Transfer from The Manchester	Metropolitan	Students'	Union	4,978,241	4,978,241
				7,084,447	7,084,447

					Total	Total
					funds	funds
					2022	2021
Staff costs					1,320,018	1,294,963
Depreciation					15,598	14,424
Staff travel & hospitality					8,946	1,212
Training					27,676	42,471
SUSS pension costs					81,812	49,727
Printing, postage and stationary					5,535	5,411
Banking and transaction	charges				4,823	5,816
Legal and professional	fees				63,719	73,603
Campaigns					6,712	2,694
Welcome costs					8,176	1,813
Insurance					31,739
Computer and office equipment					11,596	25,074
Licenses, subscriptions	and affiliations				58,069	58,041
Marketing and research					4,383	(2,756)
Website costs					9,147	6,875
Opportunities and volunteering					14,864	8,196
Project funding					50,590	/1,420
Staff recruitment					14,436	4,354
Staff OSPS 8 DIS					12,237	2,432
Transfer from The Manchester		Metropolitan	Students'	Union		4,978,241
Repairs, maintenance	and premises costs				536,992	492,942
Other direct costs					50,181	(2,712)
Governance costs					8,704	10,206
					2,345,953	7,084,447

Net inco	me/	(exp	enditure	)
						2022	2021
						E
Depreciation		of	tangible	fixed assets:
-owned	by	the	charitable		group	24,692	27,357
Auditor's	remuneration			- audit		7,700	7,610
Other operating			leases			535,476	535,476
						567,868	570,443

	Group	Group	Company	Company
	2022	2021	2022	2021
	E	E	E
Wages and salaries	1,689,131	1,220,942	1,689,131	1,220,942
Social security costs	131,254	107,376	131,254	107,376
Other pension costs	70,077	59,535	70,077	59,535
	1,890,462	1,387,853	1,890,462	1,387,853

		Group	Group
		2022	2021
		No.	No.
Central		16	16
Shop		15	14
Student	Membership	9	10
Officers		5	4
Media		3
Cafe		20	13
Building	support	7	7
Marketing		9	9
Insight		1	2
Events		1
Academic Rep		4
Other cafe		1
Advice		9
Saluation		6
F8B		16
		122	84

Group	Group
2022	2021
No.	No.

	Plant and	Fixtures	Office	Computer	Other fixed
	machinery	and fittings	equipment	equipment	assets	Total
	F	F	F	F	F	F
Cost or valuation
At I August 2021	25,880		6,729	17,898	2,729	53,236
Additions	14,024	1,000		1,049		16,073
At 31 July 2022	39,904	1,000	6,729	18,947	2,729	69,309
Depreciation
At 1 August 2021	14,929		2,067	9,110	1,251	27,357
Charge for the year	12,359	259	2,297	8,412	1,365	24,692
At 31 July 2022	27,288	259	4,364	17,522	2,616	52,049
Net book value
At 31 July 2022	12,616	741	2,365	1,425	113	17,260
At 31July 2021	10,951		4,662	8,788	1,478	25,879

									Listed
								investments
Group									F
Cost or valuation
At 1 August 2021									1,824
At 31 July	2022								1,824
Net book	value
At 31 July	2022								1,824
At 31July	2021								1,824
						Investments
						in
						subsidiary	Listed
						companies	investments		Total
Company						F		F	F
Cost or valuation
At 1 August 2021							1,824		1,825
At 31 July	2022						1,824		1,825
Net book	value
At 31 July	2022						1,824		1,825
At 31July	2021						/,824		1,825
All fixed asset investments		are	held	in the	UK.
Principal	subsidiaries
The following was a subsidiary			undertaking		ofthe Company:
Name					Company	Class of	Holding	Included	in
					number	shares		consolidation
Manchester Metropolitan		Students'		Union	09188480	Ordinary	100%	Yes
Trading	Limited

12.	Fixed asset	investments	(continued)	(continued)
	Name					Income	Expenditure		Net assets
						F		f.	F
	Manchester	Metropolitan	Students'	Union Trading		183,622		(183,622)
	Limited
13.	Stocks
					Group	Group		Company	Company
					2022	2021		2022	2021
					F			F
	Finished goods and goods		for resale		102,180	91,/63		96,390	86,671
14.	Debtors

		Group	Group	Company	Company
		2022	2021	2022	2021
		F		F
Trade debtors		40,280	16,365	34,653	16,365
Amounts owed by group undertakings				87,309	'/65, 430
Other debtors		3,663	29,558	3,641	29,161
Prepayments	and accrued income	50,041	29,117	43,626	29,117
Grants receivable			27,012		27,012
		93,984	102,052	169,229	267,085

			Group	Group	Company	Company
			2022	2021	2022	2021
			F		F
Trade creditors			120,019	26,697	100,080	25,555
Other taxation	and social security		38,199	30,277	34,290	30,277
Other creditors			425,711	400,068	425,631	399,988
Accruals and deferred		income	154,094	/50,406	151,469	147,996
			738,023	607,448	711,470	603,816

					Group	Group	Company	Company
					2022	2021	2022	2021
					E
Resources	deferred	during	the	year	49,428		49,428

		Group	Group	Company	Company
		2022	2021	2022	2021
		E		E
Other	creditors	5,256,113	5,512,015	5,256,113	5,512,015

						Group	.Group	Company	Company
						2022	2021	2022	2021
						E	E	f
Payable or repayable		by	instalments			3,988,581	4,335,997	3,988,581	4,335,997
Financial	instruments
						Group	Group	Company	Company
						2022	2021	2022	2021
Financial	assets
Financial	assets measured			at fair value
through	income and	expenditure				43,943	45,923	125,603	210,986
						Group	Group	Company	Company
						2022	2021	2022	2021
								F	E
Financial	liabilities
Other financial liabilities			measured		at fair
value through income			and	expenditure		5,955,936	6,089,186	5,933,292	6,085,554

			Balance at 1			Transfers	Balance at
			August 2021	Income F	Expenditure E	in/out E	31 July 2022 f
Unrestricted	funds
Designated	funds
Development	and Improvement		240,000				240,000
General funds
General Funds			1,238,278	4,342,982	(3,823,609)	(287,642)	1,470,009
Pension reserve			(5,745,307)		(81,812)	309,625	(5,517,494)
			(4,507,029)	4,342,982	(3,905,421)	21,983	(4,047,485)
Total Unrestricted		funds	(4,267,029)	4,342,982	(3,905,421)	21,983	(3,807,485)
Restricted	funds
Coronavirus	job retention
scheme				21,983		(21,983)
Total of funds			(4,267,029)	4,364,965	(3,905,421)		(3,807,485)

						Transfers	Balance at
				Income	Expenditure	in/out	31July 2021
						E
	Unrestricted funds
	Designated funds
	Development and Improvement					240,000	240,000
	General funds
	General Funds			2,895,880	(7,420,326)	5,762,724	1,238,278
	Pension reserve				(70,386)	(5,674,921)	(5,745,307)
				2,895,880	(7,490,712)	87,803	(4,507,029)
	Total Unrestricted	funds		2,895,880	(7,490,712)	327,803	(4,267,029)
	Restricted funds
	Coronavirus job retention		scheme	327,803		(327,803)
	Total offunds			3,223,683	(7,490,712)		(4,267,029)
19.	Analysis of net assets between funds
	Analysis of net assets between funds - current year

Analysis	of n	et assets between funds - current year
			Unrestricted	Total
			funds	funds
			2022f	2022f
Tangible	fixed	assets	17,260	17,260
Fixed asset investments			1,824	1,824
Current	assets		2,167,567	2,167,567
Creditors	due	within one year	(738,022)	(738,022)
Creditors	due	in more than one year	(5,256,113)	(5,256,113)
Difference			(1)	1
Total			(3,807,485)	(3,807,485)

Analysis	of n	et assets between funds - prior y	ear
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
				E
Tangible	fixed	assets	25,879		25,879
Fixed asset investments			1,824		1,824
Current	assets		1,824,731		1,824,731
Creditors	due	within one year	(607,448)		(607,448)
Creditors	due	in more than one year	(5,512,015)		(5,512,015)
Total			(4,267,029)		(4,267,029)

													Group	Group
													2022	2021
													f.	E
	Net income/expenditure			for	the		year	(as	per	Statement	of	Financial
	Activities)												459,544	(4,267,029)
	Adjustments	for:
	Depreciation	charges											24,692	27,357
	Decrease in	stocks											(11,016)	33,576
	Decrease in	debtors											46,653	156,603
	(Decrease)	in creditors											(163,914)	(909,385)
	Assets donated from		predecessor			charity								(2,050,607)
	Liabilities inherited from predecessor						charity							7,028,848
	Net cash provided		by	operating		activities							355,959	19,363
21.	Analysis ofcash and			cash equivalents
													Group	Group
													2022	2021
	Cash in hand												1,971,403	1,631,516
	Total cash	and cash equivalents											1,971,403	1,631,5'/6

						At	1August		At 31 July
							2021	Cash flows	2022
							f.	f.
Cash	at	bank	and	in	hand		1,631,516	339,887	1,971,403
							1,631,516	339,887	1,971,403

under non	-can	cellable operating leases as follo	ws:
			Group	Group	Company	Company
			2022	2021	2022	2021
			F	E	E	E
Not later than		1 year	538,728	535,476	538,728	535,476
Later than	1 year and not later than 5 years		1,283,952	1,606,248	1,283,952	1,606,248
			1,822,680	2,141,724	1,822,680	2,141,724

		2022	2021
		E	E
Recurrent	Grant Receivable	2,088,615	1,858,800
Sale of Goods and Services		112,484	80,173
Purchases	of Goods and Services	540,926	488,787
Rent		213,000	213,000
Service Charge		322,476	322,476
Amounts	due from the University	1,056