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2023-07-31-accounts

Report ofthe Trustees 1-7
Report ofthe Independent Auditors 8-10
Statement of Financial ActMties
Balance Sheet 12
Statement ofCash Flows 13
Notes to the Accounts 14-28

Elected to Hold Office Elected to Hold Office Elected to Hold Office Elected to Hold Office
Trustees/Full
Time Officers
tukZEU SEILtcmbe~r022
Nevin Edwin (appointed 03/07/23) Nigil Thathron
(appointed		 30/09/22, resigned
02/07/2023)
President
Education		 Michael Adewunmi (appointed 03/07/23) Eby
Eldho
(appointed		 30/09/22, resigned
02/07/2023)
President
Wellbeing		 Femi Abolade Feml Abolade (appointed 30/09/22)
External Trustees Appointed
~0		 ~Se LelllbgC2023
External Trustee Mark Grayling Mark Grayling (appointed 30/09/22)
External Trustee Chris Hook Chris Hook (appointed 13/06/22)
External Trustee Sue Klddle (appointed 21/02/23) Vacancy
External Trustee Vacancy Vacancy
Appointed
Student. Trustees tuu120
=I		 WSI2)gm)2gr2022
Student Trustee Faizan Sayed Falzan Sayed (appointed 30/09/22)
Student Trustee Ayush Banerjee Ayush Baner)ee (appointed 13/06/22)
Auditors Bankers Solicitors Solicitors
Anderson
Barrowcliff LLP		 Co-operative Bank Pic Poppleston Allen SGH Martineau LLP
Chartered
Accountants		 Olympic House 37Stoney Street No. 1 Colmore Square
Statutory Auditor Montford Street The Lace Market Birmingham
3Kingfisher
Court		 Salford Nottingham B46AA
Bowesfield Park M5 2QP NG1 1LS
Stockton on Tees
TS183EX

ACHIEV EMENTS AND PERFORMANCE (continued)
~rvi~udentS
We will offer a simple catalogue ofSU services The change tofree society membership
with more
that meet students'
needs and reduce the cost		 activities
led to a new record ofover 2,900students
ofaccess by making societies membership free joining societies. Over 250 events were run for
and doubling the number
participating.
As		 students
and the SU Building had nearly 500,000
many student events as possible
will be free to		 visits in 2022/23. Data capture showed that 7196of
our members
and we will minimlse
any price		 the UK-based student body engaged
with the SU in
increases on food and other services to provide the year:
good value whilst keeping the SU Building
warm and o en as much as
ossible.
'
(iv) U Buil
We
will
work
with
the
University
and		 our After a sustained
campaign the University's
Governors
members
to design and build an SU forthe		 next approved
a large investment
in refurbishing		 the SU
generation.
We will
make
the
SU the natural		 Building so it is ready for September 2025.
place for all students
to spend
time when		 on
campus.
(v) QDgnci~all
ibuu(
We will ensure the SU's success for students and The cost-of-living
crisis has reduced student
spending
long-term
survival
with
improved
University		 in their
SU. The SU's reserves
can support		 over 5
funding that enables us to properly serve all our months ofspending
on future students
in part		 due to
members. a 596 u
lift in the main grant for 2023/24.
(vi) Leeo&le f~lr
We will invest
in our employees
and volunteers,		 134students
were employed
by the SU with over 700
students
and career staff, developing
them		 and in
voluntary
roles.
Staff
surveys
showed		 8096
employing
hundreds
ofstudent
employees		 and satisfaction
for career staff and 9099for student		 staff.
volunteers
every year. We will ensure that		 SU Employees
and
volunteers
received
training		 and
employees
and volunteers
express high levels of		 development.
satisfaction
and sense ofbelon
in .
chieve ments
against 2022/23 KPItargets
Election turnou: over 2599ofcurrent students 4,308 or 24.596 of 17,557 FTE students
voted
in		 2023
elections. This percentage
turnout
was ranked		 in the
top 10In the NUS elections survey.
Campaign
awareness
and
positive
impact
both over		 Average
campaign
scores were 5399 awareness		 and
7599 4696 effectiveness
in the 22/23
mini-SOC
survey.		 A
campaigns
planning
group
Is now running
with		 staff
working
on the key officer campaigns.
Societies: over 2596 ofstudents
participating		 2,918or 16.696 ofstudent
FTE in 22/23 with a further
879students
in other groups and activities. Total		 3,795
or21.696ofthe student
FTE.
Student development:
Over 500 students
involved		 in 834students
involved
in 22/23 (10month
period)
the SU as volunteers
or employees
Student satisfaction: over 7596are satisfied with the SU 7799score for SU in National Student Survey 2023and
9899 in the International
Student Barometer.

Restt)SLed katdsket( Xm)DMII~ 2923
Notes E 6 f. E
Income and endowments from:
Donations and legacies 2 750,978 1,067,384 1,818,362
Charitable
activities:
Social, cultural,
recreational		 and
sporting activities 685,022 685,022
Other trading actMties:
Commercial
trading
activity		 575,180 575,180
Investment
income - interest		 received 4807 4,807
Total Income 750,978 2,332,393 3,083,371
Expenditure
on:
Raising funds:
Commercial
trading
activity		 448,101 448,101
Charitable
activities:
Representing,
supporting		 & advising
Students 8,403 229,953 238356
Representative
channel to		 the University
&other external
bodies		 192,512 197,845
Social cultural, sporting & recreational and
forum for student
development		 61,559 1,463,110 4,810 1,529,479
75,295 1,885,575 4,810 1,965,680
Total expenditure 75,295 2,333,676 4,810 2,413,781
Net income/(expenditure) 675,683 (1,283) (4,810) 669,590
Transfer ofassets/(liabilities) from
unincorporated
charity on		 30
September 2022 17,18,19 (2,060,011) 492,359 5,777 (1,561,875)
Other recognised gains/(losses):
Gains/(losses)
in multi-employer		 pension
scheme liability 22 (257,122) (257,122)
Net movement
in funds		 (1,641,450) 491,076 967 (1,149,407)
Reconciliation offunds:
Total funds brought forward
Total funds carried forward 17,18,19 (1,641,450) 491,076 967 (1,149,407)
~l
IstoOR
Notes E E
Fixed assets
Tangible fixed assets 12 102,571 102,571
Investments 13 1
102,572 102,571
Current assets
Stocks held by bars, shops Ik other outlets 42,606 42,606
Debtors and prepayments 14 513.740 513,740
Cash at bank 8 in hand 974,958 974,959
1,531,304 1,531,305
Creditors: Amounts falling due within
one year 15 590,856 590,856
Net current assets
Net assets excluding pension liability 1,043,020 1,043,020
Multi-employer
pension scheme
liability 22 (2,192,427j (2,192,427j
Total net (Ilabllitiesj/assets (1,149,407j (1,149,407j
The funds of the charity:
Endowment Funds:
Capital Grants Fund 18
Restricted income funds:
Societyaccounts 19 7,515 7,515
Special Events Fund 19 8,455 8,455
Student Hardship
Fund		 19 4,404 4,404
Rag Fund 19
20,937 20,937
Restricted pension funds:
Multi-employer pension fund 19 (1,662,387j (1,662,387j
(1,662,387j (1,662,387j
Unrestricted:
Accumulated Fund 17 491,076 491,076
491,076 491,076
Total funds 20 (1,149,407j (1,149,407j
Approved ehalf ofTeesside UniversityStudents'Union on . ..!!73by:
Michae
Adewunmi
President
Education		 and Chair ofthe Trustees

gQB
~har		 6rrt
5958 6 6
Cash used in operating activities 27 1,237,777 1,237,777
Cash flow from investing activities
Payments to acquire tangible fixed assets (126,166) (126,166)
Interest received 4,807 4,807
Net cash flow used In investing
activities		 (121,359) (121,359)
Cash flow from financing activities
Repayment
ofmulti-employer
pension fund		 (141,460) (141,460)
Net cash(low from financing activities (141,460) (141.460)
Change
in cash and cash equivalents		 in the year 974,958 974,958
Cash and cash equivalents
at the beginning		 of
the year
Cash and cash equivalents
at the end		 ofthe year 974,958 974,958

Mik IRTal
RBESfjfggfj
f		 Reer. El)I(9wm~g
f		 2023.
f
Block Grant from Teesside University 699,884 699,884
Grant for Facilities and Services 367,500 367,500
Earmarked funding grants received from
University (payroll lump sums) 45,980 45,980
Earmarked funding grants received from
University(Summer Send-Off)
Earmarked funding grants received from
students (Summer Send-Off) 3,418 3,418
Earmarked funding grants received from
University (SUSS Pension Deficit) 671,500 671,500
Funds raised for Rag Fund 80
750,978 1,067384 1,818,362
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Un- Xa@l
R8ELrri~e I Elt{j~wmen
f		 f
Social, cultural,
recreational,		 and sporting
actMties 685,022 685,022
685,022 685,022

4 INCOME FROM OTHER TRADI NG ACTIVITIES
UII=
RgsLrlSSRd flystrlctIEI EIIIlgnmeAn
E E E
Bars, kitchen and entertaining income
from Tees 5 U Umited 575,180 575,180
575,180 575,180
5 INVESTMENT INCOME - INTEREST RECEIVED R~elSS9d Vn=
~ri		 ~l
2922
E E
Interest received 4307 4,807
4,807 4,807
6 COSTS OF RAISING FUNDS
R05trlc~t Vn=
~ed		 ErroyglLent ~Tote
ZQZR
E E E E
Costs ofsales 209,111 209,111
Staff costs 220,783 220,783
Other costs 18,207 18,207
448,101 448,101
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Net income/expenditure
is stated after charging:
2lgj
E
Operating
leases		 1,500
Depreciation 23,593
Auditods
remuneration:
Audit fees 8,585
Accountancy fees 735

Staff costs were as follows:- 2023
E
Wages 8 salaries 1,108,855
Soda l security 66.610
Pension costs 64,579
2023 2023
Number FTE
Raising funds 29 8
Charitable activities 133 37
Governance 1 1

TANGIBLE FIXEDASSETS
Group and Company
fJlguurR 5ELJIIBE
~t~ui m~ ~T
GERILR & C~hrJty JaCo~u&~~r
E E
Cost
Additions 126,164 126,164
Disposals
At 31July 2023 126,164 126,164
Depreciation
Charge for the year 23,593
Disposals
At 31July 2023 23,593 23,593
Net BookValues
At 31July 2023 102,571 102,571
transferred
from the unincorporate		 d
charity number 11368		 75on 30September 2022.
The net book value offixed assets represents:-
QJ)BEitx Jarrou
E E
Assets used for direct charitable purposes 99,617 99,617
Other purposes 2,954 2,954
102,571 102,571

EBTORS - GR OUP AND COMPANY
~2
E
Trade debtors 82,036
Other debtors 4,068
Taxes and Social Security (VAT reclaim)
Prepayments 8 accrued income 427,636
513,740

REDITORS: AMOUNTS
FALLING DUE WITHIN ON		 E YEAR
Group and Company 200(
E
Trade creditors 85,910
Sodal security 8 other taxes 49,148
Other creditors 26,912
Accruals 412,101
Deferred income 16,785
590,856

Plant and Machinery
Less than one year 1,000
More than one year and not later than five years 4,500
Land and Buildings
Less than one year
255,500

Transferred
from Balance at
Unincorporated Income Expenditure 31July 2023
Charity
E
Unrestricted 492,359 2332393 2,333,676 491,076
492,359 2,332393 2333,676 491,076
18 ENDOWMENT FUNDS- CAPITAL GRANT FUND
HecegI0ILL20J3) ~1"
QQM		 r ~door
~7		 Total
2023
E E E E
Transferred from
Unincorporated Charity 5,777 5,777
Released to SOFA (4,810) (4,810)
At 31July 2023 967 967
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Multi-employer pension
liability at 30September 2022 transferred		 from
Unincorporated Charity 2,076,765
Movement
on net present value calculation		 257,122
Payments
made		 in the year (141,460)
Multi-employer pension
liability at31July 2023		 2,192,427

Orga nlsatlon 2II2(
6
National
Union of		 Students (NUS) 15,209
NUS Charity 3,804
British Universities and Colleges Sports Association (BUCS)

E
Turnover 575,180
Cost ofsales 209,111
Gross Profit 366,069
Administrative
expenses		 238,990
Net Profit 127,079
The aggregate of assets, liabilities and funds was:
292'
F.
Assets 1
Liabilities
Share Capital (representing 1 ordinary shares E1 each)
Profit 8 Loss Account
26 RESULTS OF PARENT
Total incoming resources 2,508,191
Net movement
in		 funds (excluding transfers from unincorporated
Charity) 412,468
The subsidiary
gift		 aided F127,080to the parent company in the period.
27 RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASN FLOW FROM OPERATING
ACTIVITIES
2()gg
F.
Net income/(expenditure) for year 669,590
Interest receivable (4,807)
Depreciation
oftangible		 fixed assets 23,593
(Increase)/decrease in stock (42.606)
(Increase)/decrease
Increase/(decrease)		 in debtors
in creditors		 (513,740)
590~
Transfer ofassets 514,891
1,237,777