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|CONTENTS|PAGE|
|---|---|
|Trustee and Union Information|1|
|Report of the Trustees|3|
|Independent Auditors Report to the Trustees|18|
|Statement of Financial Activities|22|
|Consolidated Balance Sheet|23|
|Union Balance Sheet|24|
|Cash flow Statement|25|
|Notes to the Financial Statements|26|





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|Charity Registration Number|1194635||
|---|---|---|
|Company Registration|13275949||
|Number|||
|Chief Executive|Emilie Tapping||
|Principal Office|John Henry Brookes Building||
||Gipsy Lane Campus||
||Headington||
||Oxford||
||OX3 OBP||
|Auditors|Crowe U.K. LLP||
||Aquis House||
||49-51 Blagrave Street||
||Reading||
||RG1 1PL||
|Bankers:|National Westminster Bank PLC||
||91 London Road||
||Headington||
||Oxford||
||0X3 9AF||
|Solicitors:|Freeths LLP|Blake Morgan LLP|
||Davy Avenue|Apex Plaza|
||Knowihill|Forbury Road|
||Milton Keynes|Reading|
||MK58HJ|RG1 lAX|
||Wrigleys Solicitors LLP||
||19 Cookridge Street||
||Leeds||
||L52 3AG||





## **OXFORD BROOKES STUDENTS' UNION LIMITED** 

## **REPORT OF THE TRUSTEES** 

## **PERIOD ENDED 30 JUNE 2022** 

## **Financial Statements** 

The Trustee Board present their report and financial statements for the period ended 30 June 2022. This is a ten month period as the activities, assets and liabilities of the Union were transferred to Oxford Brookes Students' Union Limited on 3 September 2021. As a consequence of the transfer the trustees closed down the residual charity without liability or gain during 2022. 

## **Status and Administration** 

Oxford Brookes Students' Union is a company limited by guarantee registered in England and Wales (company number 13275949) which was formally registered as a charity with the Charity Commission in June 2021 (registration number 1194635). 

The Charity is constituted in accordance with its constitution, and is administered and managed by the Trustee Board appointed from time to time. General meetings of the student body are held at least once each academic year. 

The Full Time Elected Officers are elected by the membership to take office on 1 July in the year in which they are elected and hold office for one year until the following 30 June. 

## **Charitable Objects** 

The Union's objects are the advancement of education of Students at Oxford Brookes University for the public benefit by: 

- promoting the interests and welfare of Students at Oxford Brookes University during their course of study and representing, supporting and advising Students; 

- being the recognised representative channel between Students and Oxford Brookes University and any other external bodies; and 

- providing social, cultural and recreational activities and forums for discussions and debate for the personal development of its Students. 

Oxford Brookes Students' Union seeks to enhance the student experience by providing representation, welfare services, recreation facilities and opportunities for student development within the Union, the University and the local community. 

In furtherance of these aims the trustees have complied with their duty in s.17(5) of the Charities Act 2011 to have due regard to the Charity Commission's published general guidance concerning the operation of the public benefit requirement under that Act. 

3 



## **OXFORD BROOKES STUDENTS' UNION LIMITED** 

## **REPORT OF THE TRUSTEES** 

## **PERIOD ENDED 30 JUNE 2022** 

## **Board of Trustees Report** 

The Board of Trustees, who are also directors of the Company for the purposes of the Companies Act, present their combined director's report, trustee's annual report and financial statements for the period ended 30 June 2022. The Board of Trustees confirms that the annual report and financial statements of the Company comply with current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Practice (FRS 102). 

## **Statement of the Trustee Board's responsibilities** 

The Trustees (who are also directors of Oxford Brookes Students Union ltd for the purposes of Company Law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards). 

The law applicable to companies and charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group of both the incoming resources and application of resources of the group for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgement and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, the Companies Act 2006 as well as the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Board of Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

## **Disclosure of information to auditors:** 

- Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: 

   - So far as that Trustee is aware, there is no relevant audit information which the charitable company's auditors are unaware, and 

   - That Trustee has taken all of the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information. 

This report was approved and authorised for issue by the Board of Trustees signed on its behalf by: 


> 1 December 2022 

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|ovid-19 pan|demic. Beloware the key risks this pandemic pr|<br>esented and the Union’s mitigation of that risk|
|---|---|---|
|Income|On-site income generation was significantly|Adjustments to<br>income<br>generation<br>were|
||adjusted due to H&S considerations until|made but income was largely sustained|
||February 2022.|throughout the year.|
|Activity|Government and local guidelines were in|Staff and volunteers had clear plans to|
||place until February 22. On-site activitywas|swiftly move all activity online at short notice|
||difficult to sustain particularly in the first|and will continued to plan for a majority|
||term. The risk highlighted was largely to the|online<br>activity<br>in<br>the<br>following<br>period.|
||Union’s ability to engage with its members|Relationships with the University H&S team|
||and further have a positive impact on those|were greatly strengthened and additional|
||who have engaged.|training provided to Union staff in order to|
|||ensure<br>in-person<br>activity<br>was<br>provided|
|||where<br>possible.<br>Engagement<br>numbers|
|||remained<br>low<br>throughout<br>this<br>period,|
|||however.|
|Staffing|Staff morale, capacity and<br>health whilst|Digital<br>solutions have<br>been<br>pursued,|
||working from home has been impacted. The|meeting<br>structure<br>reformatted to include|
||removal of all mitigations in February 2022|more meetings and regular check-ins. A new|
||lead to increased staff sickness.|policy asking staff to stay home if unwell|
|||(whether covid or other) was implemented|
|Future|The Union and the SU sub-sector as a|The Union’s strategy has been refreshed,|
|Plans|whole is likely to face a number offinancial,|and<br>proofed<br>for<br>any<br>future<br>pandemic|
||reputational and legal challenges over the|outbreaks. The union will continuetoengage|
||next 3 years as a result of coronavirus.|with other SUs and the wider HE sector.|





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|National|Student|Student|The Unions NSS score for Q26<br>The|The union refined its strategy within this|
|---|---|---|---|---|
|Survey|(NSS)||students’ union (association or guild)|year to focus on 3 outcomes: Community,|
|Score|||effectively<br>represents<br>students’|Representation<br>& Advocacy.<br>This was|
||||academic interests” decreased.|combined with a restructure and a new|
|||||people<br>&<br>culture<br>strategy to<br>increase|
|||||engagement with students.|
|Financial|||Whilst the SU operates in a relatively|The SU has finished with a surplus again,|
|Sustainability||&|safe financial environment, the SU’s|resulting in reserves ahead ofthe reserves|
|Reserves|||financial sustainability is reliant on the|policy. In addition to continuing to grow|
||||University continuing to fund its’ block|external income, the Board has identified|
||||grant<br>annually<br>and<br>its<br>ability<br>to|areas<br>for<br>organisational<br>development|
||||diversify<br>external<br>income<br>streams.|which<br>would<br>enable<br>further<br>financial|
||||Were<br>either of these two streams|freedom<br>from<br>the<br>University.<br>The|
||||disrupted, the SU would not be able to|university<br>has<br>confirmed<br>block<br>grant|
||||meet its expenditure, however this is|amount projections forthe next 5 years.|
||||unlikely to happen in-year beyond the||
||||reserves or reforecasting capability.||
|Impact|||A<br>combination<br>of<br>the<br>above<br>two|The Union’sstrategyhas been rationalised|
||||points,<br>the<br>Union’s<br>risk<br>averse|and a staffing restructure has redistributed|
||||approach to its finances and activity|strategic<br>responsibility<br>across<br>the|
||||has resulted in low engagement but|organisation. Measures have been put in|
||||high underspends. This presents a|place to ensure expenditure to budget|
||||risk in terms of ability to show impact|aligned with operating plans.|
||||and<br>providing<br>reasons to continue||
||||funding at current levels.||
|Students|Union||Central<br>to<br>the<br>Union’s<br>financial|The Union has been in discussion with|
|Superannuation|||instability<br>is<br>the<br>SUSS<br>Pensions|SUSS Trustees and legal firms to consider|
|Scheme|(SUSS)||deficit<br>described<br>in<br>more<br>detail|what options are available for managing|
|Pensions|Deficit||throughout this report.<br>Repayments|the Union’s liability longer-term. The Union|
||||are currently equivalent to c.8% of|also became an incorporated legal entity|
||||income,<br>posing<br>a<br>strategic<br>risk|on<br>1 Sept 2022 to which these accounts|
||||through diverting valuablefunds away|relate.|
||||from beneficiaries.||
|Staffing/HR|||Following incorporation, legal advice|The Board agreed to seek a TUPEtransfer|
|arrangements|||was received that the arrangement|of the staff team which began in August|
||||regarding the<br>Union/University joint|2022 and completed in October 2022,|
||||contracts was no longertenable.||





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## **OXFORD BROOKES STUDENTS' UNION LIMITED** 

## **REPORT OF THE TRUSTEES** 

## **PERIOD ENDED 30 JUNE 2022** 

liable for a greater share of the levy payment, so being able to afford this, as well as future deficit increases is very important and the SUSS pension remains our biggest financial concern. 

After the 2020/21 levy share calculation, the score calculation moved from Experian to Dun and Bradstreet. The effect of their different calculations meant that the levy for 21/22 was reduced to £7k, compared with £11.6k in 20/21 and despite an increase in the deficit. Whilst this might have led us to assume that because the liability was reduced on the balance sheet at August 2021 the levy could drop further, we continued to monitor our score on their calculation portal as the levy overall could increase. In fact, at the time of writing the levy share for 22/23 has been confirmed as £8.7k, a 24% increase. 

The Creditors' liability is as expected as we are able to pay companies in a timely manner, whilst also taking advantage of trade credit periods. The overall Debtors' balance is much lower than the amount at transfer but this consisted of prepayments and accrued income due to the addition of July and August 2021 into the 14 month reporting period. The current balance is much more in line with what we would normally expect to see at the end of the financial year. 

The trading company debtors' balance related to early Freshers sales for September 2022 but was as expected for this period and the sales were put into deferred income. All payments for these debtor balances have now been received. 

The financial result for this reporting period, looking at the figures behind the SoFA, indicates that the Union has once more focussed its efforts on the support and representation of its members as part of its core values. Despite remaining covid restrictions continuing to have an effect on Union activities, coupled with a stretch on staff resources, the team was prepared and able to adapt itself. The Union always looks to achieve a service delivery that will most benefit its members and to be agile in deciding what this should look like. 

The Union has once again been proactive in looking at risk and monitoring its spending in terms of horizon-scanning to ensure that we are aware of any exposure to risks, whilst also using our funding to the best effect. The Union looks to grow income to help with any future risk to core funding and continues to make the most of its resources to further its dedication to improving students' lives. These efforts will allow the continuation of the work to extend its reach and to ensure that the experience of its student membership is enhanced by both new and existing projects. There are, of course, some factors beyond our control that are providing the biggest financial risk to the Union. The SUSS deficit situation continues to be the largest risk and with another actuarial valuation due to get underway with an effective date of June 2022, this is a situation the Union will actively monitor and engage with scheme trustees to ensure proper management of the liabilities. 

The Union hopes that its relationships with both the University as a whole and individual collaborative projects continue to flourish and that we will continue to be supported in our work to provide service delivery vital to and valued by our members. 

This report was approved and authorised for issue by the Board of Trustees signed on its behalf by: 

Jill Finney � 

**Chair of the Trustee Board** 

1 December 2022 

17 



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**Crowe** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF** 

## **OXFORD BROOKES STUDENTS' UNION LIMITED PERIOD ENDED 30 JUNE 2022** 

## **Auditor's responsibilities for the audit of the financial statements (continued)** 

the basis of these financial statements. 

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. 

## **Extent to which the audit was considered capable of detecting irregularities, including fraud** 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. 

We obtained an understanding of the legal and regulatory frameworks within which the group and the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. 

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the group or charitable company's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the group or charitable company for fraud. The laws and regulations we considered in this context were General Data Protecting Regulations, Health and Safety and Safeguarding of students. 

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any 

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the provision of the present value of the pension scheme contributions and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, and the Trustees about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, including the pension scheme contributions, and reading minutes of meetings of those charged with governance. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. 

20 




## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF** 

## **OXFORD BROOKES STUDENTS' UNION LIMITED PERIOD ENDED 30 JUNE 2022** 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 


## **Alastair Lyon Senior Statutory Auditor** 

For and on behalf of **Crowe U.K. LLP** Statutory Auditor 

Reading 12 December 2022 

1 



## 

|||||Period|
|---|---|---|---|---|
|||Unrestricted|Restricted|ended|
|||funds|funds|30 June|
|||2022|2022|2022|
||Note|£|£|£|
|INCOME AND ENDOWMENTS|||||
|FROM:|||||
|VoluntaryIncome:|||||
|Donations, Block Grants, etc.|3|991,293|52,433|1,043,726|
|Other Trading Activities|||||
|Letting ofspace||14,505|-|14,505|
|Advertising income||51,983|-|51,983|
|Freshers week||40,653|-|40,653|
|Investment income||234|-|234|
|Charitable activities|||||
|Retail operations||1,620|-|1,620|
|Student representation||-|-|-|
|Clubs and societies||-|85,928|85,928|
|NUS Extra commission||599|-|599|
|Other income||13,508||13,508|
|Total income and endowments||1,114,395|138,361|1,252,756|
|EXPENDITURE ON:|||||
|Raising funds|||||
|Freshers week||16,086|-|16,086|
|Charitable activities|||||
|Retail operations||54,525|-|54,525|
|Clubs and societies||122,822|75,106|197,928|
|Student representation||276,312|52,433|328,745|
|Welfare services||120,231|-|120,231|
|External representation|15|30479|-|30,479|
|Total expenditure|4-6|620,455|127,539|747,994|
|Net incomel(expenditure)|||||
|Transfers between funds|17-18|493,940|10,822|504,762|
|Net movements in funds|||||
|Funds transferred on Incorporation||(908,454)|63,319|(845,135)|
|Funds as at 30 June 2022||(414.514)|74.141|J40.373)|





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||||30 June|
|---|---|---|---|
||||2022|
||Note|£|£|
|FIXED ASSETS||||
|Tangible assets|8||5,398|
|CURRENT ASSETS||||
|Stock|||-|
|Debtors|10|27,916||
|Cash at bank and in hand||892,785||
|||920,701||
|CREDITORS: Amounts falling due||||
|within one year|11|(158,002)||
|NET CURRENT ASSETS|||762,699|
|Total assets less current liabilities|||768,097|
|NON CURRENT LIABILITIES||||
|Pension scheme funding deficit|12||(1108,470)|
|NET LIABILITIES|||(340.373J|
|CAPITAL AND FUNDS||||
|Unrestricted funds:|17|||
|General funds|||443,956|
|Pension deficit fund|||(1,108,470)|
|Operating fund|||250,000|
||||(414,514)|
|Restricted funds|18||74,141|
||||(340.373)|





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|OXFORD BROOKES STUD<br>UNION BALANCE SHEET<br>|ENT|S’ UN|ION LIMITED|
|---|---|---|---|
|AS AT 30 June 2022|||Company Number 13275949|
||||30 June|
||||2022|
||Note|£|£|
|FIXED ASSETS||||
|Tangible assets|8||5,398|
|Investments|9||100|
||||5,498|
|CURRENT ASSETS||||
|Stock|||-|
|Debtors|10|15,433||
|Cash at bank and in hand||819,824||
|||835,257||
|CREDITORS: Amounts falling due||||
|within one year|11|(131,409)||
|NET CURRENT ASSETS|||703,848|
|Total assets less current liabilities|||709,346|
|NON CURRENT LIABILITIES||||
|Pension scheme funding deficit|12||(1,108.47Q)|
|NET LIABILITIES|||(399.124)|
|CAPITAL AND FUNDS||||
|Unrestricted funds:|17|||
|General funds|||385,205|
|Pension deficit fund|||(1,108,470)|
|Operating fund|||250,000|
||||(473,265)|
|Restricted funds|18||74,141|
||||(399.12|





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||||2022|
|---|---|---|---|
||Notes||£|
|Cash flows from operating activities:||||
|Net (expenditure)/income|||504,762|
|Interest receivable|||(234)|
|Depreciation|||832|
|Decrease/(increase) in stock|||-|
|Decrease/(increase) in debtors|||205,599|
|lncrease/(decrease) in creditors|||15,041|
|Net cash provided byl(used in) operating activities|||320,694|
|Cash flows from investing activities||||
|Interest receivable|||234|
|Purchase of tangible fixed assets|||(5,982)|
|Net cash provided by/(used in) investing activities|||(5,748)|
|Change in cash and cash equivalents in the period|||314,946|
|Cash and cash equivalents introduced on Incorporation|||577,839|
|Total cash and cash equivalents at the end ofthe||£|892,785|
|period||||
||||2022|
||||£|
|Cash at Bank|||892,785|
|||£|892.785|





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|VOLUNTARY INCOME||
|---|---|
||Period|
||ended|
||30 June|
||2022|
||£|
|University block grant|866,293|
|University grant for rent|125,000|
|Other grants|52,433|
||1,043.726|



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|2022||||||
|---|---|---|---|---|---|
||Cost of|Staff||Other||
||Sales|Wages|Rent|Costs|Total|
||£|£|£|£|£|
|Raising Funds||||||
|Freshers’ week|-|-|-|16,086|16,086|
|Charitable activities||||||
|Retail operations|-|37,360|6,458|10,707|54,525|
|Clubs and societies|-|68,263|39,792|89,873|197,928|
|Student representation||188,424|39,583|100,738|328,745|
|Welfare services||67,191|39,167|13,873|120,231|
|External representation (note 15)||||30,479|30,479|
|Total resources expended|-|361.238|z125.000|261.756|747.994|





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|022|||||||
|---|---|---|---|---|---|---|
||||Staff||Other||
||||Wages|Rent|Costs|Total|
|||Usage|£|£|£|£|
|Charitable activities|||||||
|Retail operations||5%|11,079|6,458|4,997|22,534|
|Clubs and societies||32%|68,263|39,792|30,786|138,841|
|Student representation||32%|67,906|39,583|30,625|138,114|
|Welfare services||31%|67,191|39,167|30,303|136,661|
||Totals|100%|214439|125.000|96.711|436,150|



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||||Period|
|---|---|---|---|
||||ended|
||||30 June|
||||2022|
||||£|
|Wages and salaries|||571,916|
|Social security|||48,493|
|Pension|- contributions paid||139,137|
|Pension|- actuarial|liability movement|(398,308)|
||||361.238|
|The number of higher paid employees:||||
||||2021|
||||No|
|In the band £60,000||- £70,000||





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|Full time||13|
|---|---|---|
|Students|— term time|23|
|||36|



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|NET INCOME/EXPENDITURE FOR THE PERIOD||
|---|---|
||2022|
||£|
|Net expenditure forthe period is stated after||
|charging:||
|Depreciation|831|
|Auditors Remuneration:||
|-<br>Parent charity|13,160|
|-<br>Subsidiary company|5,600|
|-<br>Other non-audit services|925|



## 

||Fixtures &|Computer||
|---|---|---|---|
||fittings|equipment|Total|
||£|£|£|
|COST||||
|Transferred on 1 September 2021|31,533|26,434|57,967|
|Additions|2,975|3,007|5,982|
|Disposals|-|||
|At 30 June 2022|34.508|29,441|63.949|
|DEPRECIATION||||
|Transferred on 1 September 2021|31,533|26,187|57,720|
|Charge forthe period|83|748|831|
|At 30 June 2022|31.616|26,935|58,551|
|NET BOOK VALUE||||
|At 30 June 2022|2.892|2,506|5,398|





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|At 30 June 2022 the Union held <br>in the United Kingdom.|investments in the following companies|which are incorporated|
|---|---|---|
|Name of Company|Main Trading Activity|Equity Held|
|The SU.com Trading Limited|Entertainment management|100.00%|



## 

||Group|Charity|
|---|---|---|
||2022|2022|
||£|£|
|Trade debtors|16,043|1,052|
|Amount due by subsidiary|-|2,739|
|Other debtors|11,496|11,484|
|Prepayments and accrued income|377|158|
||27.916|15.433|



|CREDITORS: Amounts falling due w|ithin one year||
|---|---|---|
||Group|Charity|
||2022|2022|
||£|£|
|Trade creditors|20,254|19,144|
|PAYE and social security|7,632|2,581|
|Other creditors|63,976|63,976|
|Accruals and deferred income|66,140|45,708|
||158.002|131,409|





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||2022|
|---|---|
||£|
|NUS affiliation|25,355|
|Other|5,124|
||30.479|





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|ANALYSIS OF NET ASSETS||||
|---|---|---|---|
|Group||||
|2022||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||£|£|£|
|Tangible fixed assets|5,398|-|5,398|
|Net current assets|688,558|74,141|762,699|
|Non-current liabilities|(1,108,470)|-|(1,108,470)|
||(414.j4)|74.141|_f340.373)|



|harity<br>22||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||£|£|£|
|Tangible fixed assets|5,398|-|5,398|
|Investments|100|-|100|
|Net current assets|629,707|74,141|703,848|
|Non-current liabilities|(1,108,470)|-|(1,108,470)|
||(473.265)|74,141|(9.124)|



## 

## 

|2022|||||
|---|---|---|---|---|
||Introduced||||
||on 1||||
||September|||As at 30|
||2021|Income|Expenditure|June 2022|
||£|£|£|£|
|Operating fund|250,000|-|-|250,000|
|Pension deficit|(1,513,776)|-|405,306|(1,108,470)|
|General fund|355,322|1,114,395|(1,025,761)|443,956|
||J908,454)|1,114.395|(620.455)|(414.514)|



## 



## 

## 

## 

## 

|2022|||||
|---|---|---|---|---|
||Introduced||||
||oni|||Asat3O|
||September|||June|
||2021|Income|Expenditure|2022|
||£|£|£|£|
|Governance and Quality|13,205|-|-|13,205|
|University Grant for New|||||
|CRM System|-|38,134|(38,134)|-|
|Kickstart grant|-|14,299|(14,299)|-|
|Societies|50,114|85,928|(75,106)|60,936|
||63.319|138,361|(127.539)|74.141|



## 



## 

## 

## 

## 

|||||||2022|
|---|---|---|---|---|---|---|
|||||||£|
|Group|||||||
|Financial|liabilities|measured|at|fair|value|1.108.470|



||2022|
|---|---|
||£|
|Interest income and expense:||
|Total interest income forfinancial assets held at amortised cost|234|
||2022|
||£|
|Charity||
|Financial liabilities measured at fair value|1.108.470|



||2022||
|---|---|---|
||£||
|Interest income and expense:|||
|Total interest income forfinancial assets held at amortised cost||234|