King's College London Students, Union Annual Report and Accounts for the year ended 31 July 2021 KCLSU Annual Report 20/21 Company Registered Number. 5762196 Rewstered Charity Number.. 1136729 kclsu Our Students, Union
A future where every member of KCLSU has the opportunity to thrive. We're KCLSU (King's College London Students, Union). Every student at King's is automatically a member of KCLSU. Together, with our members, we are a union of students where individuals connect, have fun, build communities, share experiences, and make change. We're here to make sure every King's student has the best student experience possible. We're run by students, for students. Our decisions, policies and what we do are decided by our 30,000 student members. As a democratic charity and membership organisation, students lead us at every level to achieve our priorities.
Structure & governance /J4.
| During the year | During the year | ||
|---|---|---|---|
| 2020/21 | 2021/22 | ||
| President | Salma Hussain | Zahra Syed | |
| Vice President for Education | (Arts and Sciences) | Vatsav Soni | Hamza Lone |
| Vice President for Welfare and Community | Tasnia Yasmin | Daniyal Ubaidullah | |
| Vice President Activities and | Development | Niall Berry | Arslan Zafar |
| Vice President for Education | (Health) | Alessandra Gibson |
Fatimah Patel |
| Vice President for Postgraduates | Heena Ramchandani | Rebecca Seling |
| The Ch | air o | fthe Boa | rd ofTrustees - Salm | a Hussain | ||
|---|---|---|---|---|---|---|
| Term started | Term Ended | Sub-Committee membership |
||||
| Kate Bull | 25/04/2017 | 31/3/2021 | Performance Chair |
|||
| Sonika | Sidhu | 5/11/2015 | HR Chair | |||
| Julie Clarke | 31/10/2019 | ARC Chair/D&C Chair |
||||
| Laura Battley | 31/10/2019 | 31/3/2021 | G&P Chair | |||
| Nazreen | Visram | 1/03/2021 | Performance Chair |
|||
| Marcus | Lee | 28/07/2021 | G&PChair | |||
| Salma Hussain | 01/08/2020 | 31/07/2021 | President, Chair ofKCLSU, |
|||
| G&P, ARC, Performance, | D&C, | |||||
| HR | ||||||
| Vatsav | Soni | 01/08/2020 | 31/07/2021 | Vice President for Education | ||
| (Arts and Sciences), ARC, G&P, | ||||||
| D&C | ||||||
| Tasnia Yasmin | 01/08/2020 | 31/07/2021 | Vice President for Welfare | |||
| and Community, HR, G&P, |
||||||
| Performance | ||||||
| Niall Berry | 01/08/2020 | 31/07/2021 | Vice President Activities | |||
| and Development, HR, |
||||||
| Performance, D&C |
||||||
| Alessandra | Gibson | 01/08/2020 | 31/07/2021 | Vice President for Education | ||
| (Health), ARC, HR, | ||||||
| Performance | ||||||
| Heena Ramchandani | 01/08/2020 | 31/07/202 1 | Vice President for | |||
| Postgraduates, ARC, G&P, D&C |
||||||
| Carlotta Lardone | 1/11/2020 | 31/7/2021 | D&C, Performance | |||
| Leanne | Mohamad | 1/11/2020 | 31/7/2021 | ARC, Performance | ||
| Maisan | Maseeh | 1/11/2020 | 31/7/2021 | HR, G&P | ||
| Yichen | Li | 1/11/2020 | 31/7/2021 | ARC, D&C |
| Senior | The role ofthe Senior Leadership | Team | Team | (SLT) isto realise and implement KCLSU's vision, |
|
|---|---|---|---|---|---|
| Leadership | Team | mission and strategy; monitor the | delivery ofits operational objectives; uphold its values |
||
| whilst developing the organisation | and | guide, advise and support the full and part time | |||
| staff. The Senior Leadership Team |
is led | by the Chief Executive. | |||
| Chief Executive | Denis Shukur | ||||
| Deputy Chief Executive | Tony Logan (formerly Director ofServices, | ||||
| jobtitle changed 21May 2021) | |||||
| Director ofDigital and Communications | Mayur Paul (until 9December 2020) | ||||
| Director ofDigital and Communications | (interim) Lisa McCabe (from 10December 2020 |
||||
| to 2 July 2021) | |||||
| Director ofDigital and Communications | (interim) Claire Gilby (from 6September 2021) |
||||
| Director ofFinance and Resources | (interim) Victoria Metham (from 3November |
||||
| 2020to17January 2021) | |||||
| Director ofFinance and Resources | Gabriella Tamas (from 18January 2021) | ||||
| Principal Places | KCLSU at Strand Campus | KCI SU at Guy's Campus | |||
| ofBusiness | (Registered Office} | Boland House, StThomas Street | |||
| South East Wing, Bush House | London SE11UL | ||||
| 300Strand, London WC2R 1AE | |||||
| KC!.SU at Waterloo Can.pus | KCLSU at D nmark Hill Campus |
||||
| First Floor, Franklin-Wilkins Building |
Cutcombe Road |
||||
| Stamford Street, London SE19NH | London SES9RJ |
Trustees, report
Statement of financial activities & balance sheet
Consolidated Statements for the year ended 31 July 2021
| King's College London Students' | King's College London Students' | Union (registered | Union (registered | company no.05762196) | company no.05762196) | company no.05762196) | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Consolidiated Statement ofFinancial Activities |
(incorpcrathtg the Income |
and Expenditure | Account) | |||||||
| Forthe year ended 31July | 2021 | |||||||||
| Unrestricted | Restricted | Total | Total | |||||||
| Notes | funds 2021(8) | funds | 2021(8) | 2021(8) | 2020(8) | |||||
| Income and Endowments | from: | |||||||||
| Donations and Legacies |
||||||||||
| King's College London Grant | 2 | 8,080,308 | 158,472 | 8,238,780 | 7,368,818 | |||||
| Charitable Activities |
||||||||||
| Student community venues |
3 | 54,599 | 54,599 | 1,211,135 | ||||||
| Student activity groups | 254,550 | 254,550 | 672,656 | |||||||
| Other activities | ||||||||||
| Sponsorship income |
31,633 | 31,633 | 49,591 | |||||||
| Subsidiary Trading Company |
206,555 | 206,555 | 374,804 | |||||||
| Events and other generated | income | 157,910 | 157,910 | 291,689 | ||||||
| Investments | ||||||||||
| Interest receivable | 3,526 | 3,526 | 8,555 | |||||||
| Total income | 8,534,531 | 413,022 | 8,947,553 | 9,977,248 | ||||||
| Expenditure on: |
||||||||||
| Raising funds | ||||||||||
| Sponsorship expenditure |
45,842 | 45,842 | 41,022 | |||||||
| Subsidiary company expenditure |
5 | 182,861 | 182,861 | 367,694 | ||||||
| Charitable activities |
||||||||||
| Student community venues |
3 | 2,550,568 | 2,550,568 | 3,778,205 | ||||||
| Student representation &communication |
7 | 2,784,180 | 1,500 | 2,785,680 | 2,477,505 | |||||
| Student activity | 8 | 2,157,484 | 156,972 | 2,314,456 | 2,283,047 | |||||
| Student activity groups | 9 | 145,018 | 174,103 | 319,121 | 931,775 | |||||
| Other | ||||||||||
| Pension costs—past service deficit | 10 | 35,267 | 35,267 | 355,230 | ||||||
| Total Expenditure | 7,901,220 | 332,575 | 8,233,795 | 10,234,478 | ||||||
| Net income/(expenditure) | forthe year | 633,311 | 80,447 | 713,758 | (257,230) | |||||
| Reconciliation offunds | ||||||||||
| Total funds at01August 2020 | (26,149) | 631,235 | 605,086 | 862,316 | ||||||
| Total funds at31July 2021 | 607,162 | 711,682 | 1,318,844 | 605,086 |
| Colnsogdaietl Balan As at31July 2021 |
ce Sheet | |||||
|---|---|---|---|---|---|---|
| Parent | Group | Parent | Group | |||
| Notes | 2021(5) | 2021(5) | 2020(5) | 2020(5) | ||
| Fixed assets | ||||||
| Tangible assets | 99,030 | 99,030 | 85,164 | 85,164 | ||
| Investments | 569 | 568 | 569 | 568 | ||
| 99,599 | 99,598 | 85,733 | 85,732 | |||
| Current assets | ||||||
| Stocks | 109,009 | 109,009 | 59,921 | 59,921 | ||
| Debtors | 15 | 87,128 | 87,128 | 452,658 | 447,788 | |
| Cash at bank and in hand | 3,057,263 | 3,063,125 | 1,612,175 | 1,618,038 | ||
| 3,253,400 | 3,259,262 | 2,124,754 | 2,125,747 | |||
| Creditors: amounts within one year |
falling due | 16 | (970,969) | (957,267) | (483,668) | (483,668) |
| Net current assets | 2,282,431 | 2,301,995 | 1,641,086 | 1,642,079 | ||
| Creditors: amounts after one year |
falling due | 17 | (1,082,749) | (1,082,749) | (1,122,725) | (1,122,725) |
| Total net assets | 1,299,281 | 1,318,844 | 604,094 | 605,086 | ||
| Funds | ||||||
| Unrestricted funds: |
||||||
| Designated capital fund |
19 | 99,030 | 99,030 | 85,164 | 85,164 | |
| Pension fund | 19 | (1,157,992) | (1,157,992) | (1,185,475) | (1,185,475) | |
| General fund | 19 | 1,646,561 | 1,666,124 | 1,073,170 | 1,074,162 | |
| 587,599 | 607,162 | (27,141) | (26,149) | |||
| Restricted funds | 19 | 711,682 | 711,682 | 631,235 | 631,235 | |
| 1,299,281 | 1,318,844 | 604,094 | 605,086 |
| King's College London Students' | King's College London Students' | Union (registered company |
no.05762196) | no.05762196) | ||
|---|---|---|---|---|---|---|
| Ccnsclld 'teu Cash Flcvr Statement |
||||||
| As at31July 2021 | ||||||
| 2021(5) | 2020(5) | |||||
| Cash flows from operating activities | ||||||
| (Deficit)/surplus forthe financial |
year | 713,758 | (257,230) | |||
| Adjustments for: |
Depreciation | 117,908 | 128,069 | |||
| Decrease/(increase) | in stocks | (49,088) | 35,746 | |||
| (Increase)/decrease | in debtors | 360,660 | (70,209) | |||
| (Decrease)/increase | in creditors | 461,106 | (154,260) | |||
| Increase in provision Service Deficit |
for Pension Past | (27,483) | 355,230 | |||
| Investment | income | (3,526) | (8,555) | |||
| 1,573,335 | 28,791 | |||||
| Cash flows from investing | activities | |||||
| Purchase of | tangible | fixed assets | (131,774) | (79,885) | ||
| Investment | income | 3,526 | 8,555 | |||
| (128,248) | (71,330) | |||||
| Net increase in cash and cash equivalents | 1,445,087 | (42,539) | ||||
| Cash and cash Equivalents | at01August 2020 | 1,618,038 | 1,660,577 | |||
| Cash and Cash Equivalents at31July 2021 | 3,063,125 | 1,618,038 |
| Components ofcash and cash equivalents | At 1August 2020(5) | Cashflowe (5) | At31July 2021(5) |
|---|---|---|---|
| Cash at bank and in hand | 1,618,038 | 1,445,087 | 3,063,125 |
| Major non-cash transactions | NIL | NIL |
Notes to the financial statements forthe year ended 31 July 2021
| 2.Kin~ College | Unrestricted | Unrestricted | Restricted | Total funds | Totalfunds | |
|---|---|---|---|---|---|---|
| grant | funds | 2021(E) funds 2021(E) | 2021(5) | 2020(6) | ||
| Core grant | 3,999,996 | 3,999,996 | 3,826,584 | |||
| Donated space from college |
3,830,312 | 3,830,312 | 3,137,472 | |||
| Other grants | 250,000 | 158,472 | 408,472 | 404,762 | ||
| 8,080,308 | 158,472 | 8,238,780 | 7,368,818 | |||
| Unrestricted | Restricted | Totalfunds | ||||
| funds | 2020(E) funds 2020 (E) | 2020(5) | ||||
| Core grant | 3,826,584 | 3,826,584 | ||||
| Donated space from college |
3,137,472 | 3,137,472 | ||||
| Other grants | 250,000 | 154,762 | 404,762 | |||
| 7,214,056 | 154,762 | 7,368,818 | ||||
| Other grants are for restricted purposes. | ||||||
| 3.Student | Income | Expenditure | Total | Total | ||
| community | 2021(E) | 2021(E) | 2021(5) | 2020(6) | ||
| venues | Sales | 54,124 | 54,124 | 1,165,584 | ||
| Less:cost ofsales | (50,285) | (50,285) | (466,952) | |||
| 3,839 | 698,632 | |||||
| Add: brewers discounts | 6,061 | 6,061 | 18,851 | |||
| Gross profit | 9,900 | 717,483 | ||||
| Other income | ||||||
| Entertainment | income | (1,044) | (1,044) | 46,551 | ||
| Games machines income |
(2,851) | |||||
| Others | 1,519 | 1,519 | 1,851 | |||
| Direct costs | ||||||
| Staffcosts | (417,404) | (417,404) | (1,058,780) | |||
| Other costs | (70,996) | (70,996) | (233,101) | |||
| Indirect costs | (478,025) | (528,847) | ||||
| Support costs (note 11) |
(2,017,944) | (2,017,944) | (2,038,223) | |||
| 54,599 | (2,550468) | (2~95,969) | (2467,070) | |||
| 4.Sponsorship | Unrestricted | and total | Unrestricted and |
|||
| income | funds | 2021(E) | total funds 2020(5) | |||
| Marketing and |
sponsorship | 24,361 | 16,180 | |||
| Welcome fair | 7,272 | 33,411 | ||||
| 31,633 | 49,591 | |||||
| Page:31 |
| 5.Subsidiary | Income | Expenditure | Expenditure | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| trading | KCLSU limited | 2021(E) | 2021(E) | 2021(E) | 2020(E) | |||||
| company | Venues | |||||||||
| Sales | 3,081 | 3,081 | 73,261 | |||||||
| Less:costs ofsales | (1,540) | (1,540) | (28,551) | |||||||
| Profit | 1,541 | 44,710 | ||||||||
| Shop | ||||||||||
| Sales | 203,474 | 203,474 | 301,543 | |||||||
| Less:costs ofsales | (101,737) | (101,737) | (191,431) | |||||||
| Profit | 101,737 | 110,112 | ||||||||
| Administrative | expenditure | |||||||||
| Permanent staff |
costs | (36,843) | (36,843) | (53,480) | ||||||
| Temporary staff |
costs | (25,332) | (25,332) | (73,142) | ||||||
| Other costs | (17,409) | (17,409) | (21,090) | |||||||
| Management charge |
(4,131) | (4,131) | (6,118) | |||||||
| (83,715) | (83,715) | (153,830) | ||||||||
| Total | 206,555 | (186,992) | 19,563 | 992 | ||||||
| Eliminated inter- company transactions |
4,131 | |||||||||
| Total | 206,555 | (182,861) | ||||||||
| Retained profit broughtforward |
992 | 4,477 | ||||||||
| Gift aid | (992) | (4,477) | ||||||||
| Retained profit carried forward |
19,563 | 992 | ||||||||
| The parent company | holds of100%ofthe issued ordinary capitai in KCLSU | Ltd, the trading subsidiary | ofthe | |||||||
| Union. KCLSU Ltd isa | company registered | in the United | Kingdom | and it undertakes | the non-student | commerciai | ||||
| activities ofthe Union. The company was | incorporated | on 12August 2009.The net assets ofKCLSU | Limited at | |||||||
| the year end amount | toSL | |||||||||
| 6.Events | 2021(E) | 2020(E) | ||||||||
| and other generated |
Unlocking London |
3,685 | 43,589 | |||||||
| income | NUS card sales | 210 | 8,971 | |||||||
| Ticket sales | 4,796 | 4,279 | ||||||||
| Rental income and premise | hire | |||||||||
| Other income | 149,211 | 234,850 | ||||||||
| 157,910 | 291,689 | |||||||||
| 7.Student | 2021(E) | 2020(E) | ||||||||
| representation aild |
Student officer salaries | 192,297 | 148,909 | |||||||
| communication | Other staff costs | 522,604 | 487,274 | |||||||
| Subscriptions and affiliation |
fees | 48,190 | 64,541 | |||||||
| Other direct costs | 29,016 | 29,000 | ||||||||
| Support costs (note 11) | 1,993,573 | 1,747,781 | ||||||||
| P32 | 2,785,680 | 2,477,505 |
| 2021(6) | 2020(5) | |||
|---|---|---|---|---|
| Staffcosts | 764,018 | 882,563 | ||
| Student Activity Group | Development | 67,561 | 103,596 | |
| Volunteering oroject |
1,942 | 4,557 | ||
| Student Hubs |
11,365 | 11,345 | ||
| Support Costs (Note 11) | 1,469,570 | 1,280,986 | ||
| 2,314,456 | 2,263,047 | |||
| 2021(6) | 2020(6) | |||
| Expenditure from Grant Allocation |
145,018 | 337,662 | ||
| Expenditure from Self-Generated Funds |
174,103 | 594,113 | ||
| 319,121 | 931,775 | |||
| Student Activity Groups are | listed in Appendix. | |||
| 2021(6) | 2020(5) | |||
| Full time staff salaries | 2,169,870 | 2,308,415 | ||
| Part time staff salaries | 510,624 | 1,177,219 | ||
| Social security costs | 222,986 | 225,237 | ||
| Pension costs | ||||
| Current service costs | 82,253 | 139,596 | ||
| Past service deficit | 35,267 | 355,230 | ||
| Total staff costs | 3,021,000 | 4,205,697 | ||
| The average monthly | Iluiriber | ofefnployr es olin"Ing the pei"otl was: | ||
| 2021 | 2020 | |||
| Permanent staff |
64 | 68 | ||
| Student staff | 139 | 136 | ||
| Total staff | 203 | 204 | ||
| There are one employee (2020:two) earning gross salary ofE60,000 - E70,000during | ||||
| the year. There isone employee (2020:one) earning gross salary ofE80,000 - E90,000 during the year. There is no employee (2020:one) earning gross salary ofE90,000- |
||||
| E100,000during the year. | ||||
| The cost of key management | was asfogows: | |||
| 2021(6) | 2020(5) | |||
| Trustees officers | 184,876 | 145,774 | ||
| Senior management | 282,892 | 355,887 | ||
| Total staff costs | 467i768 | 501,661 |
| 2021(5) | 2020(5) | |||
|---|---|---|---|---|
| College space charge | 3,830,312 | 3,137,472 | ||
| Staffcosts | 1,027,233 | 1,147,154 | ||
| Depreciation | 117,908 | 124,375 | ||
| Other | 136,965 | 229,531 | ||
| Facilities | 143,638 | 191,850 | ||
| Information technology |
91,249 | 74,007 | ||
| Marketing and communications |
154,494 | 177,233 | ||
| Provision for pension past service deficit (note 18) |
35,267 | 28,560 | ||
| Governance (note 12) |
25,131 | 26,390 | ||
| 5,562,197 | 5,136,572 | |||
| 2021(5) | 2020(5) | |||
| Auditors remuneration |
12,000 | 11,400 | ||
| Legal and professional fees | 9,462 | 13,942 | ||
| Trustee training | 3,669 | 747 | ||
| Board meeting and trustee expenses |
301 | |||
| 25,131 | 26,390 | |||
| King's College London Students' | Union isa | registered | charity and thus entitled to the | |
| exemptions from tax available |
to charities. | |||
| Group and parent | Union equipment (5) |
Total(5) | ||
| Cost | ||||
| At 01August 2020 | 172,945 | 675,819 | ||
| Additions | 131,774 | 79,885 | ||
| Disposals | (582,759) | |||
| At31July 2021 | 304,719 | 172,945 | ||
| Depreciation | ||||
| At 01August 2020 | 87,781 | 542,471 | ||
| Charge forthe year | 117,908 | 128,069 | ||
| Written offduring the year | (582,759) | |||
| At31July 2020 | 205,689 | 87,781 | ||
| Net book value | ||||
| At31July 2021 | 99,030 | 99,030 | ||
| At31July 2020 | 85,164 | 85,164 |
| 15.Debtors | Parent | Group | Parent | Group | |||
|---|---|---|---|---|---|---|---|
| 2021(5) | 2021(8) | 2020(5) | 2020(8) | ||||
| Trade debtors | 34,274 | 34,274 | 37,200 | 37,200 | |||
| Due from King' College London |
s | 344,561 | 344,561 | ||||
| Otherdebtors prepayments |
and | 52,854 | 52,854 | 70,897 | 66,027 | ||
| 87,128 | 87I128 | 452&658 | 447,788 | ||||
| 16.Creditors: | Parent | Group | Parent | Group | |||
| amounts | 2021(5) | 2021(8) | 2020(5) | 2020(5) | |||
| falling due within one |
Trade creditors | 290,829 | 290,829 | 66,649 | 66,649 | ||
| year | Provision for Pension Past Service Deficit |
75,243 | 75,243 | 62,750 | 62,750 | ||
| Other creditors | 604,897 | 591,195 | 354,269 | 354,269 | |||
| 970,969 | 957,267 | 483,668 | 483,668 | ||||
| 17.Creditors: | Parent | Group | Parent | Group | |||
| amounts | 2021(5) | 2021(8) | 2020(5) | 2020(8) | |||
| falling due after one year |
Provision for pension past service deficit |
1,082,749 | 1,082,749 | 1,122,725 | 1,122,725 | ||
| 1~082~749 | 1)082~749 | 1~122~725 | 1~122~725 | ||||
| 18.Provision for | 2021 | (8) | 2020(5) | ||||
| pension past service |
Brought forward | 1,185,475 | 830,245 | ||||
| deficit | Payments made |
(62,750) | |||||
| Revaluation of |
pension scheme | 326,670 | |||||
| Unwinding ofthe interest |
35,267 | 28,560 | |||||
| 1,157,992 | 1,185,475 | ||||||
| Analysis | |||||||
| Due within one | year | 75,243 | 62,750 | ||||
| Falling due after more than | one | year | 1,082,749 | 1,122,725 | |||
| 1,157,992 | 1,185,475 |
| Transfers & | ||||||
|---|---|---|---|---|---|---|
| investment | ||||||
| Brought | Incoming | Resources | gains/ | Carried | ||
| forward (6) | resources (6) | expended (6) | (losses) (6) | forward (6) | ||
| Restricted funds | ||||||
| Student activity gi'QUps |
537,553 | 254,550 | (174,103) | 618,000 | ||
| Other student activities |
93,682 | 158,472 | (158,472) | 93,682 | ||
| Total restricted |
631,235 | 413,022 | (332,575) | 711,682 | ||
| Designated | funds | |||||
| Designated capital fund |
85,164 | 131,774 | (117,908) | 99,030 | ||
| Pension fund | (1,185,475) | (35,267) | 62,750 | (1,157,992) | ||
| Total designated |
(1,100,311) | 131,774 | (35,267) | (55,158) | (1,058,962) | |
| Summary offunds | ||||||
| Designated funds |
(1,100,311) | 131,774 | (35,267) | (55,158) | (1,058,962) | |
| Subsidiary's funds |
992 | 206,555 | (187,984) | 19,563 | ||
| General funds | 1,073,170 | 8,196,202 | (7,677,969) | 55,158 | 1,646,561 | |
| (26,149) | 8,534,531 | (7,901,221) | 607,162 | |||
| Restricted funds |
631,235 | 413,022 | (332,575) | 711,682 | ||
| Totalfunds | 605,086 | 8,947,553 | (8,233,795) | Nil | 1,318,844 |
| 19.Statement | Comparative | statement cffunds (2019-20) | statement cffunds (2019-20) | ||||
|---|---|---|---|---|---|---|---|
| offunds | Transfers & | ||||||
| (cont.) | Brought | Incoming | Resources | investment gains/ |
Carried | ||
| forward (6) resources (6) | expended (6) | (losses) (6) | forward (6) | ||||
| Restricted funds | |||||||
| Student activity groups |
459,010 | 672,656 | (594,113) | 537,553 | |||
| Other student activities |
93,682 | 154,762 | (154,762) | 93,682 | |||
| Total restricted |
552,692 | 827,418 | (748,875) | Nil | 631,235 | ||
| Designated | funds | ||||||
| Designated capital fund |
133,348 | 79,885 | (128,069) | 85,164 | |||
| Pension fund | (830,245) | (355,230) | (1,185,475) | ||||
| Total designated |
(696,897) | 79,885 | (355,230) | (128,069) | (1,100,311) | ||
| Summary offunds | |||||||
| Designated funds |
(696,897) | 79,885 | (355,230) | (128,069) | (1,100,311) | ||
| Subsidiary's funds |
4,477 | 374,804 | (378,289) | 992 | |||
| General funds | 1,002,044 | 8,695,141 | (8,752,084) | 128,069 | 1,073,170 | ||
| 309,624 | 9,149,830 | (9,485,603) | (26,149) | ||||
| Restricted funds |
552,692 | 827,418 | (748,875) | 631,235 | |||
| 862,316 | 9,977,248 (10,234878) | Nil | 605086 |
| Transfers & | ||||||
|---|---|---|---|---|---|---|
| investment | ||||||
| Brought | Incoming | Resources | gains/ | Carried | ||
| forward (5) | resources (5) | expended (5) | (losses) (5) | forward (5) | ||
| Restricted fends | ||||||
| Student activity groups |
537,553 | 254,550 | (174,103) | 618,000 | ||
| Other student activities |
93,682 | 158,472 | (158,472) | 93,682 | ||
| Total restricted |
631,235 | 413,022 | (332,575) | Nil | 711,682 | |
| Designated | funds | |||||
| Designated capital fund |
85,164 | 131,774 | (117,908) | 99,030 | ||
| Pension fund | (1,185,475) | (35,267) | 62,750 | (1,157,992) | ||
| Total designated |
(1,100,311) | 131,774 | (35,267) | (55,158) | (1,058,962) | |
| Summary offunds | ||||||
| Designated funds |
(1,100,311) | 131,774 | (35,267) | (55,158) | (1,058,962) | |
| General funds | 1,073,170 | 8,196,202 | (7,677,969) | 55,158 | 1,646,561 | |
| (27,141) | 8,327,976 | (7,713,236) | 587,599 | |||
| Restricted funds |
631,235 | 413,022 | (332,575) | 711,682 | ||
| 604,094 | 8,740,998 | (8,045,811) | Nil | 1,299,281 |
| 19.Statement | Comparative sta telrleni offunds-parerit company |
Comparative sta telrleni offunds-parerit company |
Comparative sta telrleni offunds-parerit company |
Comparative sta telrleni offunds-parerit company |
|||
|---|---|---|---|---|---|---|---|
| offunds (cont.) |
Transfers & investment |
||||||
| Brought | Incoming | Resources | gains/ | Carried | |||
| forward (5) resources (5) | expended (5) | (losses) | (6) | forward (6) | |||
| Restricted hmds | |||||||
| Student activity groups |
459,010 | 672,656 | (594,113) | 537,553 | |||
| Other student activities |
93,682 | 154,762 | (154,762) | 93,682 | |||
| Total restricted |
552,692 | 827,418 | (748,875) | Nil | 631,235 | ||
| Designated funds | |||||||
| Designated capital fund |
133,348 | 79,885 | (128,069) | 85,164 | |||
| Pension fund | (830,245) | (355,230) | (1,185,475) | ||||
| Total designated |
(696,897) | 79,885 | (355,230) | (128,069) | (1,100,311) | ||
| Summary offunds | |||||||
| Designated funds |
(696,897) | 79,885 | (355,230) | (128,069) | (1,100,311) | ||
| General funds | 1,002,044 | 8,695,141 | (8,752,084) | 128,069 | 1,073,170 | ||
| 305,147 | 8,775,026 | (9,107,314) | (27,141) | ||||
| Restricted funds |
552,692 | 827,418 | (748,875) | 631,235 | |||
| 857,839 | 9,602,444 | (9,856,189) | Nil | 604,094 | |||
| 20.Analysis of | Fixed assets& Net current |
Longterm | Reserve | ||||
| net assets | investments (6) |
assets (6) liabilities (6) |
balance (5) | ||||
| between funds |
Restricted | ||||||
| Student activity groups | 618,000 | 618,000 | |||||
| Other student activities |
93,682 | 93,682 | |||||
| Total restricted | 711,682 | 711,682 | |||||
| Unrestricted | |||||||
| Designated capital fund |
99,030 | 99,030 | |||||
| Pension fund | (75,243) | (1,082,749) | (1,157,992) | ||||
| General funds | 568 | 1,665,556 | 1,666,124 | ||||
| Total unrestricted | 99,598 | 1,590,313 (1,082,749) | 607,162 | ||||
| Totalfunds | 99,598 | 2,301,995 (1,082,749) |
1,318,844 |
| Unrestricted | Restricted | Total funds | |||
|---|---|---|---|---|---|
| funds 2020 (E) | funds 2020 (E) | 2020 (E) | |||
| Income and endowments | from | ||||
| Donations and legacies |
|||||
| King's College London grant | 6,964,056 | 404,762 | 7,368,818 | ||
| Charitable activities |
|||||
| Student community venues |
1,211,135 | 1,211,135 | |||
| Student activities group | 672,656 | 672,656 | |||
| Other trading activities | |||||
| Sponsorship income |
49,591 | 49,591 | |||
| Subsidiary trading company | 374,804 | 374,804 | |||
| Events and other generated | income | 291,689 | 291,689 | ||
| Investments | |||||
| Interest receivable | 8,555 | 8,555 | |||
| Total | 8,899,830 | 1,077,418 | 9,977,248 | ||
| Expenditure on |
|||||
| Raising funds | |||||
| Sponsorship expenditure |
41,022 | 41,022 | |||
| Subsidiary company expenditure |
367,694 | 367,694 | |||
| Charitable activities |
|||||
| Student community venues |
3,778,205 | 3,778,205 | |||
| Student representation and communication |
2,477,505 | 2,477,505 | |||
| Student activity | 1,878,285 | 404,762 | 2,283,047 | ||
| Student activities group | 337,662 | 594,113 | 931,775 | ||
| Other | |||||
| Pension costs —past service | deficit | 355,230 | 355,230 | ||
| Total expenditure | 9,235,603 | 998,875 | 10,234,478 | ||
| Net (expenditure) income for |
the year | (335,773) | 78,543 | (257,230) | |
| Transfer between funds | |||||
| Net movement in funds |
(335,773) | 78,543 | (257,230) |
KCLSU Annual Report.. 2020121 The year in review Il F CU. ill
KCLSU Annual Report.. 2020121 kl elcome SHACK rJ.[ I
Appendix
*• Staff
Kin¥s College London StL¢dent5' Union trading as KCLSU Ltd Registered in England and Wales, as a company limited by guarantee CRN5762196 Re8lStered office.. KCLSU. Bush House, 300 Strand. London. WC2R IAE KCLSU is a registered charity- number 1136729 kclsu Our Students, Union