## ## ## |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| |||||||||m|Al|O||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||Ul|CO||| |||||||||Gl||||| ||||||||||cC|tn||| |||||m
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CL N|| ## |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| ||I
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IL| ## ## ## ## ## ## ## ## ## ## ## ## |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|