Registered number:
Charity number:
(A company limited by guarantee)
FOR THE YEAR ENDED 30 JUNE 2024
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
CONTENTS
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2024
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees, who are also directors of the charitable company for the purposes of company law, present their Annual report together with the audited financial statements of the Cambridge Students' Union for the year ended 30 June 2024.
The Annual report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The union's objects are:
1. The advancement of education of students at the University of Cambridge for the public benefit by: a. promoting the interests and welfare of all students at the University of Cambridge during their course of study and representing, supporting and advising students;
b. being the recognised representative channel between students and the University of Cambridge and any other external bodies;
c. providing social, cultural, sporting and recreational activities and forums for discussions and debate for the personal development of its students; 2. The promotion of equality of opportunity in education for the public benefit by in particular: a. promoting access to, and success at, the University of Cambridge and its affiliated institutions; b. encouraging access to the University of Cambridge for applicants from backgrounds under-represented in the collegiate university.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
Achievements and performance
a. Review of activities
Representation
Membership Engagement The Michaelmas elections saw the elections for the following positions: • NUS Representatives • Academic Reps Our turnout for the Michaelmas elections saw an increase in votes cast for the first time since 2020. 1,954 votes were cast in the 2023 Michaelmas elections, compared to 1,543 votes in 2022, and 1,647 in 2021. The Leadership Elections in Lent saw the elections for the following positions: • Sabbatical Officers • University Councillor The increase of engagement during Michaelmas did not continue into Lent. We saw 17,221 votes cast by 2,862 individual voters in the 2024 Leadership Elections. This is a further decrease compared to 2,911 individual voters in 2023, 3,163 in 2022, and 4,520 in 2021. Representative Achievements Cambridge SU has worked on the following campaigns: Access Postgraduate access: Worked with the University to set up a new working group focused specifically on postgraduate widening participation. The group had a range of staff and student representation, fostering collaboration in discussions and setting actions. Undergraduate access: Cambridge SU ran the annual Shadowing Scheme which welcomed approximately 90 students to Cambridge. The SU also hosted focus groups and consultation sessions with students to input into our student submission for the Access & Participation Plan (APP). Welfare Improve reporting/disciplinary procedures: Continued to work with a student-led Disciplinary Reform Action Group to set change in motion within the University’s Office of Student Conduct, Complaints and Appeals (OSCCA). Free Prescription Scheme: Supported College J and MCRs to run Free Prescription Schemes in their colleges, after a successful trial scheme at Christ’s College. Over 13 colleges are now offering this scheme which allows students to confidentially reimburse prescription charges. Postgraduate Cost of Living: Launched the postgraduate cost of living survey which gained 384 responses across two months. There was a specific focus on additional costs of University, housing, and food, accumulating to how finances can affect the wellbeing of students and therefore, their academic performance while at University.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
Achievements and performance (continued)
University Life/Community Building
Society Support: Introduced society grants for registered societies to run events which they would otherwise be unable to. Grant categories are in line with our charitable objects: Community Building, Education, and Liberation and Social Causes. Disorientation Guide: Re-launched the Disorientation Guide, an alternative look into student life at Cambridge for students arriving at the University, focusing on campaign work, and the subjects not always spoken about within typical orientation activities. Education Gender Awarding Gap: Re-published open letter to gain commitments from the University that they will take proactive steps to address the awarding gap, and campaigned for the University to include the Gender Awarding Gap in future APP’s. Student-Led Teaching Awards (SLTAs): The annual Student-Led Teaching Awards received over 600 nominations, recognising excellent staff and teaching throughout the university, with an in-person awards evening hosted. Workload: In line with our previous campaigning for a Reading Week, the SU worked with the University to establish the nature of Cambridge’s workload problem, in order to create specific recommendations to tackle it. Liberation Anti-racism and Decolonisation: The SU has continued to push forward the development of a decolonisation hub. This work has been supported through focus groups with students, as well as meetings with staff to create a Decolonisation manifesto ready for launch in the 2024/25 academic year. We also started working with the newly introduced and appointed Racial and Religious Discrimination Adviser within the Student Support team at the University. This role was introduced from the lobbying efforts of Sabbatical Officers with the support of students. Consent Workshops: Supported the roll out of the new Consent Workshop pilot alongside the University’s Harassment and Violence Support Service (HVSS). Continued to deliver Consent Workshops to J/MCR officers of the Colleges not involved in the pilot of the external training. Student Services Student Advice Service The Student Advice Service has established itself as a recommended resource in the Collegiate University. In 2023-24, 10% of its student service users were signed to the service by College staff (e.g. Senior Tutor, Chaplain, Nurses); another 29% were signposted by University service-providers (e.g. UCS, ADRC, OSCCA) as well as other members within the University (e.g. supervisors, departmental administrators). In the last reporting year the Student Advice Service supported over 520 Service Users. Additionally, our guidance pages on the Cambridge SU website, saw 2,369 hits to the Advice and Guidance homepage, while the more detailed pages of Exams and Assessment saw 1,266 hits, 1,062 on Finance, 951 on Accommodation, 843 on Academic, 442 on Anti-Racism and 247 on Equality, Diversity and Inclusion. The advice service were involved in University consultations including the Review of Scholarship Funding Arrangements Steering group, the Addressing Sexual Violence Strategy and The Review of the Approach to Provision for Disabled Students.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
Financial review
a. Deficit
At the year-end there was a deficit of income against expenditure of £4,766 (2023 - deficit of £112,898).
From 1 July 2018 the University committed to granting Cambridge SU a central fund for the running of its services and a college levy award to fund the Student Advice Service to replace the then-current college affiliation fees’ model. This means that Cambridge SU received a grant from the University of £863,319 and a college levy of £167,376 for the financial period 2023-24.
b. Principal risks and uncertainties
Cambridge SU's principal funding sources are the University of Cambridge, the colleges and the customers who purchase the services it provides as part of its commercial activities. University and college funding has been agreed until 2024-25 and discussions are underway in respect of funding for 2025-26. It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a rate defined in the charity’s risk-based reserve policy as two months worth of operating costs (2023 - two months). This is estimated to be around £248,000 (2023 - around £236,000) and provides sufficient funds to cover management, administration and support costs. Unrestricted funds were maintained at around this level throughout the period and at the year-end were £216,151 (2023 - £220,917). Restricted funds, which represent grants for specific purposes, at the year-end amounted to £Nil (2023 - £Nil). The Charity understands its duty to protect the public, including vulnerable people, from unreasonably intrusive or persistent fundraising approaches and undue pressure to donate. It does not currently fundraise from the public or use any internal fundraisers or external fundraising agencies for either telephone or face-to-face campaigns and received no fundraising complaints during the period.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
Structure, governance and management
a. Constitution
The charity is governed by the Articles of Association, adopted on 11 March 2020, which came into effect on 1 August 2020, the charity having been recognised by the University of Cambridge as the students’ union authorised by the University to be the recognised representative channel between all students and the University on 27th March 2020.
The board of trustees is responsible for the management and administration of Cambridge Students’ Union and (subject to relevant legislation, its articles and by-laws) may exercise all the powers of Cambridge SU. The board is made up of: • Up to 5 sabbatical trustees • Up to 4 student trustees • Up to 4 external trustees The Trustees meet regularly. Decisions are taken primarily on consensus but when necessary, decisions may be taken on a majority vote, with each Trustee having one vote. The Chair may cast a deciding vote in the case of any tie.
b. Methods of appointment or election of Trustees
Student trustees and external trustees are, respectively, nominated or appointed by the board, and then elected or ratified by Cambridge SU’s Student Council. Their main role is to provide a long-term strategic overview to the board. Student trustees hold office for one year and external trustees for up to three years. Student trustees and external trustees are eligible for re-election.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
Structure, governance and management (continued)
c. Organisational structure and decision-making policies
The Finance Committee is a board committee with clear terms of reference which reports directly to the board of trustees. The Finance Committee has delegated responsibility to manage the finances of Cambridge SU, including monitoring expenditure and developing budgets and financial policies. The Board of Trustees makes appointments to this Committee. The Appointments Committee has delegated responsibility on behalf of the Board of Trustees for co-ordinating the recruitment process for non-sabbatical trustees, and the Chief Executive Officer. The Committee oversees the induction process for all trustees, coordinates ongoing trustee learning and development activity, and coordinates an annual skills audit of the Board, highlighting any skills gaps. The Governance and Compliance Committee has delegated responsibility, on behalf of the Board of Trustees, for ensuring Cambridge SU complies with relevant legislation and regulation, and that the SU’s governance is as effective as practicable. The Remuneration and HR Committee has delegated responsibility, on behalf of the Board of Trustees, for overseeing the remuneration and performance of the Chief Executive and senior managers, and determining the remuneration of the sabbatical officers. The Committee is also responsible for ensuring the SU’s reward package is effective at attracting and retaining talented staff, whilst paying regard to utilising resources effectively. The Committee has responsibility for recommending and overseeing implementation of the SU’s People Plan and ensuring the SU is a good employer. Under the education act 1994, the University of Cambridge has a statutory duty to take such steps as are reasonably practicable to ensure that Cambridge SU operates in a fair and democratic manner and is held to proper account for its finances. Cambridge SU therefore works alongside the University of Cambridge in ensuring that its affairs are properly conducted and that the educational and welfare needs of Cambridge SU’s student members are met.
d. Policies adopted for the induction and training of Trustees
e. Pay policy for key management personnel
f. Financial risk management
The charity trustees have given consideration to the major risks to which Cambridge SU is exposed and have satisfied themselves that systems or procedures are established in order to manage those risks.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
Structure, governance and management (continued)
g. Public benefit
The trustees have a duty to report on 'public benefit' by explaining:
1. the significant activities undertaken in order to carry out our aims for the public benefit; and 2. our achievements measured against those aims. The trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
Statement of Trustees' responsibilities
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 of which the charity's auditors are unaware, and
∙that Trustee has taken all 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 charity's auditors are aware of that information.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMBRIDGE STUDENTS' UNION
We have audited the financial statements of Cambridge Students' Union (the 'charitable company') for the year ended 30 June 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMBRIDGE STUDENTS' UNION (CONTINUED)
The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
∙the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or
∙sufficient accounting records have not been kept; or
∙the financial statements are not in agreement with the accounting records and returns; or
∙we have not received all the information and explanations we require for our audit.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMBRIDGE STUDENTS' UNION (CONTINUED)
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
ICAEW guidance relating to reporting on irregularities, November 2020, based on ISA 700 A39-1 to A39-5.
The auditor's explanation of its audit response will depend on the risks identified but may include:
∙Enquiry of management, those charged with governance and the entity's solicitors (or in-house legal team) around actual and potential litigation and claims.
∙Enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations.
∙Reviewing minutes of meetings of those charged with governance.
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
∙Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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 Auditors' report.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMBRIDGE STUDENTS' UNION (CONTINUED)
This report is made solely to the charitable company's members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' 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 and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Ensors Accountants LLP
Chartered Accountants
Victory House
Vision Park
Histon
CB24 9ZR
Ensors Accountants LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
REGISTERED NUMBER: 12512749
BALANCE SHEET
AS AT 30 JUNE 2024
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The charity is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 3rd Floor University Centre, Granta Place, Mill Lane, Cambridge, CB2 1RU.
2.Accounting policies
The Trustees have considered a period of 12 months from the date of signing these financial statements and believe that the charity has adequate resources to continue in operational existence for the foreseeable future because of fundraising activity and grant funds, which fund significant amounts on the Union's in-year expenditure. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Donations are accounted for as received. In the event that a donation is subject to the fulfilment of performance conditions before the charity is entitled to the funds, the income - until either those conditions are met in full, or their fulfilment is wholly within the control of the charity - is deferred and not recognised until it is probable that those conditions will be fulfilled in the accounting period.
Gifts in kind to the charity are included at estimated cost to the charity. Donated facilities and services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity, for example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amounts are included in the financial statements for services donated by volunteers.
Income from other trading activities includes income from activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Income received in advance for a future event is deferred until the criteria for income recognition have been met.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
Redundancy and termination payments are recognised where there is a present legal or constructive obligation. These are recognised within staff and employment costs.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
2.Accounting policies (continued)
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The Trustees do not consider that there are any critical accounting judgments or key sources of estimation uncertainty requiring disclosure.
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 22
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 23
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 24
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
9.Analysis of expenditure on charitable activities (continued)
Page 25
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
10.Analysis of expenditure by activities (continued)
Page 26
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
10.Analysis of expenditure by activities (continued)
Page 27
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 28
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 29
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The accounts have been restated to incorporate the impact of the below item:
Governance costs The audit and accountancy charge of £26,508 was previously included within legal and professional fees. This has been reclassified to governance costs, and as such, has impacted the split between charitable activities and raising funds by £7,500.
Page 30
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 31
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 32
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Page 33
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CAMBRIDGE STUDENTS' UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £17,249 (2023 - £16,185). Contributions totalling £3,405 (2023 - £3,071) were payable to the fund at 30 June 2024 and are included in creditors.
Page 34
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