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|CONTENTS|PAGE|
|---|---|
|Reference and Administrative Information|3|
|Report of the Trustees|4—10|
|Independent Examiners’ Report to the Trustees|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Cashflow Statement|14|
|Accounting Policies and Notes to the Financial Statements|15-28|
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|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Note|Funds|Funds|Funds|Funds|
|||£|C|C|£|
|INCOME||||||
|Income from generated funds:||||||
|Voluntary income|2|260,000|12,000|272,000|264,150|
|Incoming resources from charitable||||||
|activities|3|12,815|20,208|33,023|28,887|
|Other incoming resources from||||||
|generated funds|4|24,559||24,559|17,852|
|Net incoming resources||297,374|32,208|329,582|310,889|
|RESOURCES EXPENDED||||||
|Charitable activities|5|270,583|35,035|305,618|259,625|
|Total resources expended||270,583|35,035|305,618|259,625|
|Net incoming/(outgoing) resources||26,791|(2,827)|23,964|51,264|
|Transfers|13|(6,050)|6,050|-|-|
|Net incoming resources forthe year||20,741|3,223|23,964|51,264|
|Fund brought forward||(72,202)|13,223|(58,979)|(110,243)|
|Funds carried forward at 31 July 2023||(51,461)|16,446|(35,015)|(58,979)|
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||||2023||2022|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|Tangible fixed assets|9||983||775|
||||983||775|
|Current assets||||||
|Debtors|10|5,002||6,000||
|Cash at bank and in hand||159,291||164,872||
|||164,293||170,872||
|Current liabilities: amounts due within one||||||
|year|11|(26,712)||(23,510)||
|Net current assets|||137,581||147,362|
|Creditors: amounts due after||||||
|one year||||||
||12||(173,579)||(207,116)|
|Net (liabilities)|||(35,015)||(58,979)|
|Reserves||||||
|Restricted funds|13||16,446||13,223|
|Unrestricted Funds|13||(51,461)||(72,202)|
||||(35,015)||(58,979)|
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||Note|2023|2022|
|---|---|---|---|
|||£|£|
|Net cash used in operating activities|20|(4,898)|1,053|
|Cashflows from investing activities:||||
|Purchase of fixed assets||(683)|(797)|
|Change in cash and cash equivalents in the year||(5,581)|256|
|Cash and cash equivalents brought forward||164,872|164,616|
|Cash and cash equivalents carried forward||159,291|164,872|
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|.
VOLUNTARY IN|COME||||||
|---|---|---|---|---|---|---|
||||2023|||2022|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||Funds|Funds|Funds|Funds|Funds|Funds|
||£|£|£|£|£|C|
|Block grant from|||||||
|Liverpool Hope|||||||
|University|260,000|-|260,000|252,150|-|252,150|
|Facilities in kind|-|12,000|12,000|-|12,000|12,000|
||260,000|12,000|272,000|252,150|12,000|264,150|
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||||2023|||2022|
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||Funds|Funds|Funds|Funds|Funds|Funds|
||£|£|£|£|£|£|
|NUS extra commission|314|-|314|361|-|361|
|Event income|12,501|-|12,501|10,845|-|10,845|
|Clubs and societies|-|20,208|20,208|-|17,681|17,681|
||12,815|20,208|33,023|11,206|17,681|28,887|
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OTHER INCOMI|NG RESOURCES F|ROM GENE|RATED F|UNDS|||
|---|---|---|---|---|---|---|
||Unrestricted
Funds|Restricted
Funds|2023
Total
Funds|Unrestricted
Funds|Restricted
Funds|2022
Total
Funds|
||£|£|£|£|£|£|
|Other income|||||||
|(including BAM)|24,559|-|24,559|17,852|-|17,852|
||24,559|-|24,559|17,852|-|17,852|
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|.
COSTS OF CHARITABLE|ACTIVITIES||||||
|---|---|---|---|---|---|---|
||||2023|||2022|
||Direct|Support|Total|Direct|Support|Total|
||Costs|Costs|Costs|Costs|Costs|Costs|
||£|£|£|£|£|£|
|Events|38,562|32,462|71,024|34,805|28,309|63,114|
|Internal representation|13,641|12,985|26,626|6,151|11,324|17,475|
|Subscriptions and affiliations|6,303|-|6,303|6,304|-|6,304|
|Education and welfare|19,884|32,462|52,346|16,017|28,309|44,326|
|Clubs and societies|37,045|25,969|63,014|36,122|22,647|58,769|
|Sports|58,217|25,969|84,186|35,407|22,647|58,054|
|Governancecosts|-|2,119|2,119|-|11,583|11,583|
||173,652|131,966|305,618|134,805|124,819|259,625|
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|.
SUPPORT COSTS|||
|---|---|---|
||2023|2022|
||£|£|
|Staffcosts|||
|Administrative staff salaries|112,696|106,886|
|Pension contributions|(15,617)|(29,436)|
|Staff training, conferences and travel|1,406|1,036|
|Staff medical and eye tests|85|-|
||98,570|78,486|
|Building|||
|Rent and services in kind|12,000|12,000|
|Telephone|264|302|
||12,264|12,302|
|Othercosts|||
|Depreciation|475|252|
|Insurance|5,288|4,448|
|Hospitality and entertaining|1,260|489|
|Printing, stationery and postage|440|469|
|Legal & professional|1,786|1,626|
|Marketing & support costs|6,604|6,458|
|Fees
— Subs & Other|1,718|185|
|Expenses inc taxi, hotel, travel|1,091|153|
|Equipment, clothing & consumables|64|195|
|Bank charges|275|94|
|Write Off|12|8,079|
||19,013|22,448|
|Governance costs|||
|Independent examinerfee|1,560|1,260|
|Staff recruitment and Conferences|358|76|
|Legal & professional|201|10,247|
||2,119|11,583|
||131,966|124,819|
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||2023|2022|
|---|---|---|
||Total|Total|
||Funds|Funds|
||£|£|
|Wages and salaries|161,501|136,781|
|Social security|13,124|10,524|
|Pension costs|25,234|20,779|
||199,859|168,084|
||2023|2022|
|---|---|---|
||Average|Average|
||number|number|
|Area|of staff|of staff|
|Sabbatical officers|3|2|
|Management|1|1|
|Student activities|2|2|
|Administration|2|2|
||8|7|
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||2023|2022|
|---|---|---|
||£|£|
|President|||
|N Rosser (from 1.7.23)|1958|-|
|E Meharry (until 30.6.23)|21,864|1,818|
|C Priestley (until 30.6.22)|-|18654|
|Vice Presidents|||
|E Taylor (from 1.7.23)|1,958|-|
|O Vann (until 30.6.23)|21,153|1,816|
|N Thornley (from 1.7.22)|23,112|1,819|
|S Trujillio (until 30.6.22)|-|18,945|
|O Smith (until 8.9.21)|-|2,292|
||70,045|45,344|
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|Cost|£|
|---|---|
|At 31 July 2022|797|
|Additions|683|
|At31 July2023|1,480|
|Depreciation|£|
|At 1 August 2022|22|
|Charge for the year|475|
|At 31 July 2023|497|
|Net Book Values||
|-
at 31 July 2023|983|
|-
atSl July2022|775|
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||2023|2022|
|---|---|---|
||£|£|
|Trade debtors|1,261|3,759|
|Accrued income|1,196|-|
|Prepayments|2,545|791|
|Amount owed from University|-|1,450|
||5,002|6,000|
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||2023|2022|
|---|---|---|
||£|£|
|Operating creditors|710|510|
|Accruals and deferred income|6,969|6,814|
|Amount owing to University|2,205|-|
|SUSS pension deficit|16,828|16,186|
||26,712|23,510|
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||2023|2022|
|---|---|---|
||£|£|
|SUSS pension deficit|173,579|207,116|
|1-5 years|61,712|64,099|
|>5 years|111,867|143,017|
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|13.
RESERVES||||||
|---|---|---|---|---|---|
||At 1||||At 31|
||August|Incoming|Resources||July|
||2022|resources|expended|Transfers|2023|
||£|£|£|£|£|
|Restricted reserves||||||
|Green fund|657|||-|657|
|Clubs and Societies|12,566|20208|(23,035)|6,050|15,789|
|Rent and services in kind|-|12,000|(12,000)|||
||13,223|32,208|(35,035)|6,050|16,446|
|Unrestricted reserves||||||
|General funds|(72,202)|297,374|(270,583)|(6,050)|(51,461)|
|Total funds|(58,979)|329,582|(305,618)|-|(35,015)|
||Ati||||At31|
||August|Incoming|Resources||July|
||2021|resources|expended|Transfers|2022|
||£|£|£|£|£|
|Restricted reserves||||||
|Green fund|657|-|-|-|657|
|Clubs and Societies|17,997|17,681|(27,081|3,968|12,566|
|Rent and services in kind|-|12,000|(12,000)|-||
||18,654|29,681|(39,081)|3,968|13,223|
|Unrestricted reserves||||||
|General funds|(128,897)|281,208|(220,544)|(3,968)|(72,202)|
|Total funds|(110,243)|310,889|(259,625)|-|(58,979)|
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||At 1|Income|||Non||
|---|---|---|---|---|---|---|
||August|for|Resources|Grant|Forum|At 31|
||2022|Fund|expended|Transfers|Transfers|July 2023|
||£|£|£|£||£|
|Hope Christian Union|1,749|1,298|(1,529)|-|-|1,518|
|Rugby Mens|1,062|-|(302)|200|-|960|
|Musical Theatre|1,009|2,995|(2,368)|-|-|1,636|
|Islamic|791|1,783|(1,191)|200|-|1.583|
|Football Womens|(168)|444|(206)|400|-|470|
|Power Lifting|75|47|(105)|300|-|317|
|Green Hope|657||||-|657|
|Other Clubs & Societies|5,508|13,111|(17,334)|4,950|280|6.515|
|Clubs & Societies Suspense|2,540|250|-|-|-|2,790|
|Total Funds|13,223|19,928|(23,035)|6,050|280|16,446|
||At 1||||||
|---|---|---|---|---|---|---|
||August|Income for|Resources|Grants &|At 31|July|
||2021|Fund|expended|Transfers|2022||
||£|£|£|£|£||
|Hope Christian Union|1,992|1,453|(1,796)|100||1,749|
|Rugby Mens|997|1,183|(i,5i8)|400||i,062|
|Musical Theatre|730|1,322|(1,043)|-||1,009|
|Islamic|864|-|(73)|-||791|
|Gaelic Womens|676|1,202|(1,890)|350||338|
|Hockey Mens|178|-|(60)|200||318|
|Green Hope|657|-|-|-||657|
|Other Clubs & Societies|9,620|12,521|(20,300)|2,918||4,759|
|Societies
— Closed ia/i 9|2,940|-|(400)|-||2,540|
|Total Funds|18,654|17,681|(27,081)|3,968||13,223|
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||Restricted|Unrestricted|At 31 July 2023|At 31 July 2022|
|---|---|---|---|---|
||£|£|£|£|
|Tangible fixed assets|-|963|983|775|
|Current assets|16,446|147,847|164,293|170,872|
|Current liabilities||(26,712)|(26,712)|(23,510)|
|Non-current liabilities||(173,579)|(173,579)|(207,116)|
||16,446|(51,461)|(35,015)|(58,979)|
||Restricted|Unrestricted|At 31 July 2022|At 31 July 2021|
||£|£|£|£|
|Tangible fixed assets|-|775|775|230|
|Current assets|13,223|157,649|170,872|175,254|
|Current liabilities|-|(23,510)|(23,510)|(32,054)|
|Non-current liabilities|-|(207,116)|(207,116)|(253,673)|
||13,223|(72,202)|(58,979)|(110,243)|
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||2023|2022|
|---|---|---|
||£|£|
|President|||
|N Rosser (from 1t July 2023)|103||
|E Meharry (until 3Qth June 2023)|1,115|97|
|Vice Presidents|||
|E Taylor (from Vt July 2023)|103|-|
|O Vann (until 30th June 2023)|1,115|96|
|N Thornley (from Vt July 2022)|1,219|98|
||3,655|291|
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||2023|2022|
|---|---|---|
||£|£|
|NUS|6,303|6,304|
|BUCS|2,437|2,305|
|Other|192|225|
||8,932|8,834|
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||2023|2022|
|---|---|---|
||£|£|
|Net movement in funds|23,964|51,264|
|Add back depreciation charge|475|252|
|(Increase) decrease in debtors|998|4,637|
|(Decrease) increase in creditors|2,559|(9198)|
|(Decrease) increase in pension liability|(32,894)|(45,902)|
|Net cash provided by use in operating activities|(4,898)|1,053|