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.

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Structure &
governance
/J4.

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|||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<br>Gibson|Fatimah Patel|
|Vice President for Postgraduates||Heena Ramchandani|Rebecca Seling|



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|The Ch|air o|fthe Boa|rd ofTrustees - Salm|a Hussain|||
|---|---|---|---|---|---|---|
||||Term started|Term Ended|Sub-Committee<br>membership||
|Kate Bull|||25/04/2017|31/3/2021|Performance<br>Chair||
|Sonika|Sidhu||5/11/2015||HR Chair||
|Julie Clarke|||31/10/2019||ARC Chair/D&C<br>Chair||
|Laura Battley|||31/10/2019|31/3/2021|G&P Chair||
|Nazreen|Visram||1/03/2021||Performance<br>Chair||
|Marcus|Lee||28/07/2021||G&PChair||
|Salma Hussain|||01/08/2020|31/07/2021|President,<br>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,<br>HR, G&P,||
||||||Performance||
|Niall Berry|||01/08/2020|31/07/2021|Vice President Activities||
||||||and Development,<br>HR,||
||||||Performance,<br>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,<br>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<br>KCLSU's vision,|
|---|---|---|---|---|---|
|Leadership|Team|mission and strategy; monitor the|delivery ofits operational<br>objectives; uphold<br>its values|||
|||whilst developing the organisation||and|guide, advise and support the full and part time|
|||staff. The Senior Leadership<br>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)<br>Lisa McCabe (from 10December 2020|
||||||to 2 July 2021)|
|||Director ofDigital and Communications|||(interim)<br>Claire Gilby (from 6September 2021)|
|||Director ofFinance and Resources||(interim)<br>Victoria Metham<br>(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<br>Hill Campus|
|||First Floor, Franklin-Wilkins<br>Building|||Cutcombe<br>Road|
|||Stamford Street, London SE19NH|||London SES9RJ|



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Trustees, report

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Statement of
financial activities
& balance sheet

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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<br>Statement ofFinancial Activities||||(incorpcrathtg<br>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<br>and Legacies|||||||||||
|King's College London Grant||||2|8,080,308||158,472|8,238,780||7,368,818|
|Charitable<br>Activities|||||||||||
|Student community<br>venues||||3|54,599||||54,599|1,211,135|
|Student activity groups|||||||254,550||254,550|672,656|
|Other activities|||||||||||
|Sponsorship<br>income|||||31,633||||31,633|49,591|
|Subsidiary<br>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<br>on:|||||||||||
|Raising funds|||||||||||
|Sponsorship<br>expenditure|||||45,842||||45,842|41,022|
|Subsidiary<br>company<br>expenditure||||5|182,861||||182,861|367,694|
|Charitable<br>activities|||||||||||
|Student community<br>venues||||3|2,550,568|||2,550,568||3,778,205|
|Student representation<br>&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<br>Balan<br>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<br>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<br>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<br>funds:|||||||
|Designated<br>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<br>company|no.05762196)|no.05762196)|||
|---|---|---|---|---|---|---|
|Ccnsclld<br>'teu Cash Flcvr Statement|||||||
|As at31July 2021|||||||
||||||2021(5)|2020(5)|
|Cash flows from operating activities|||||||
|(Deficit)/surplus<br>forthe financial||year|||713,758|(257,230)|
|Adjustments<br>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 <br>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

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|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<br>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<br>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<br>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<br>(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<br>and||
|income|||funds|2021(E)|total funds 2020(5)||
||Marketing<br>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<br>staff||costs||||(36,843)||(36,843)|(53,480)|
||Temporary<br>staff|costs|||||(25,332)||(25,332)|(73,142)|
||Other costs||||||(17,409)||(17,409)|(21,090)|
||Management<br>charge||||||(4,131)||(4,131)|(6,118)|
||||||||(83,715)||(83,715)|(153,830)|
||Total||||206,555|(186,992)|||19,563|992|
||Eliminated<br>inter-<br>company transactions||||||4,131||||
||Total||||206,555|(182,861)|||||
||Retained<br>profit<br>broughtforward||||||||992|4,477|
||Gift aid||||||||(992)|(4,477)|
||Retained profit<br>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<br>generated|Unlocking<br>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<br>aild|Student officer salaries||||||192,297|||148,909|
|communication|Other staff costs||||||522,604|||487,274|
||Subscriptions<br>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<br>oroject|||1,942|4,557|
|Student<br>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<br>from Grant Allocation|||145,018|337,662|
|Expenditure<br>from<br>Self-Generated<br>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<br>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<br>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|






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||||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<br>technology|||91,249|74,007|
|Marketing<br>and communications|||154,494|177,233|
|Provision for pension past service<br>deficit (note 18)|||35,267|28,560|
|Governance<br>(note 12)|||25,131|26,390|
||||5,562,197|5,136,572|
||||2021(5)|2020(5)|
|Auditors<br>remuneration|||12,000|11,400|
|Legal and professional fees|||9,462|13,942|
|Trustee training|||3,669|747|
|Board meeting and<br>trustee expenses||||301|
||||25,131|26,390|
|King's College London Students'|Union isa|registered|charity and thus entitled to the||
|exemptions<br>from tax available|to charities.||||
|Group and parent||Union equipment<br>(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' <br>College London|s||||344,561|344,561|
||Otherdebtors<br>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<br>within one|Trade creditors|||290,829|290,829|66,649|66,649|
|year|Provision for Pension<br>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<br>after one<br>year|Provision for pension<br>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<br>past service|Brought forward||||1,185,475||830,245|
|deficit|Payments<br>made||||(62,750)|||
||Revaluation<br>of|pension scheme|||||326,670|
||Unwinding<br>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<br>gi'QUps||537,553|254,550|(174,103)||618,000|
|Other student<br>activities||93,682|158,472|(158,472)||93,682|
|Total<br>restricted||631,235|413,022|(332,575)||711,682|
|Designated|funds||||||
|Designated<br>capital fund||85,164|131,774||(117,908)|99,030|
|Pension fund||(1,185,475)||(35,267)|62,750|(1,157,992)|
|Total<br>designated||(1,100,311)|131,774|(35,267)|(55,158)|(1,058,962)|
|Summary offunds|||||||
|Designated<br>funds||(1,100,311)|131,774|(35,267)|(55,158)|(1,058,962)|
|Subsidiary's<br>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<br>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<br>gains/|Carried|
||||forward (6) resources (6)||expended (6)|(losses) (6)|forward (6)|
||Restricted funds|||||||
||Student<br>activity groups||459,010|672,656|(594,113)||537,553|
||Other student<br>activities||93,682|154,762|(154,762)||93,682|
||Total<br>restricted||552,692|827,418|(748,875)|Nil|631,235|
||Designated|funds||||||
||Designated<br>capital fund||133,348|79,885||(128,069)|85,164|
||Pension fund||(830,245)||(355,230)||(1,185,475)|
||Total<br>designated||(696,897)|79,885|(355,230)|(128,069)|(1,100,311)|
||Summary offunds|||||||
||Designated<br>funds||(696,897)|79,885|(355,230)|(128,069)|(1,100,311)|
||Subsidiary's<br>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<br>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<br>groups||537,553|254,550|(174,103)||618,000|
|Other student<br>activities||93,682|158,472|(158,472)||93,682|
|Total<br>restricted||631,235|413,022|(332,575)|Nil|711,682|
|Designated|funds||||||
|Designated<br>capital fund||85,164|131,774||(117,908)|99,030|
|Pension fund||(1,185,475)||(35,267)|62,750|(1,157,992)|
|Total<br>designated||(1,100,311)|131,774|(35,267)|(55,158)|(1,058,962)|
|Summary offunds|||||||
|Designated<br>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<br>funds||631,235|413,022|(332,575)||711,682|
|||604,094|8,740,998|(8,045,811)|Nil|1,299,281|





|19.Statement|Comparative<br>sta telrleni offunds-parerit<br>company|Comparative<br>sta telrleni offunds-parerit<br>company|Comparative<br>sta telrleni offunds-parerit<br>company|Comparative<br>sta telrleni offunds-parerit<br>company||||
|---|---|---|---|---|---|---|---|
|offunds<br>(cont.)|||||Transfers &<br>investment|||
|||Brought|Incoming|Resources|gains/||Carried|
|||forward (5) resources (5)||expended (5)|(losses)|(6)|forward (6)|
||Restricted hmds|||||||
||Student activity<br>groups|459,010|672,656|(594,113)|||537,553|
||Other student<br>activities|93,682|154,762|(154,762)|||93,682|
||Total<br>restricted|552,692|827,418|(748,875)||Nil|631,235|
||Designated funds|||||||
||Designated<br>capital fund|133,348|79,885||(128,069)||85,164|
||Pension fund|(830,245)||(355,230)|||(1,185,475)|
||Total<br>designated|(696,897)|79,885|(355,230)|(128,069)||(1,100,311)|
||Summary offunds|||||||
||Designated<br>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<br>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&<br>Net current|||Longterm||Reserve|
|net assets||investments<br>(6)||assets (6)<br>liabilities (6)|||balance (5)|
|between<br>funds|Restricted|||||||
||Student activity groups|||618,000|||618,000|
||Other student<br>activities|||93,682|||93,682|
||Total restricted|||711,682|||711,682|
||Unrestricted|||||||
||Designated<br>capital<br>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<br>(1,082,749)|||1,318,844|





## 




## 

||||Unrestricted|Restricted|Total funds|
|---|---|---|---|---|---|
||||funds 2020 (E)|funds 2020 (E)|2020 (E)|
|Income and endowments|from|||||
|Donations<br>and legacies||||||
|King's College London grant|||6,964,056|404,762|7,368,818|
|Charitable<br>activities||||||
|Student community<br>venues|||1,211,135||1,211,135|
|Student activities group||||672,656|672,656|
|Other trading activities||||||
|Sponsorship<br>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<br>on||||||
|Raising funds||||||
|Sponsorship<br>expenditure|||41,022||41,022|
|Subsidiary<br>company<br>expenditure|||367,694||367,694|
|Charitable<br>activities||||||
|Student community<br>venues|||3,778,205||3,778,205|
|Student representation<br>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)<br>income for||the year|(335,773)|78,543|(257,230)|
|Transfer between funds||||||
|Net movement<br>in funds|||(335,773)|78,543|(257,230)|





KCLSU Annual Report.. 2020121
The year in review
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F CU.
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KCLSU Annual Report.. 2020121
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elcome
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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