2022-07-31-accounts

Contents
Administrative Information
Trustees' Report
Statement oftrustees'	responsibilities	13
Independent auditor's	report to the members	14
Leeds University Union	Statement offinancial activities forthe year ending 31July 2022	18
Balance Sheet at31July 2022		20
Statement ofcash flows for the year ending 31July 2022		21
Notes tothe Accounts		22

		Annual Report and Accounts	for the year ended 31 July 2022	for the year ended 31 July 2022
Strate		ic Im act	Successes
Yau	are	ready foryour future	~	Employment ofpver 3,800 students
~M				through the year, primarily through		the
	~	Student staff and volunteer insight: I		Joblink service.
		am learning and developing in LUU	~	Continued successful rollout ofthe	Love
	~	Student insight: LUUis effectively		to'Learn system, delivering bespoke
		representing my academicinterests		training modules for both staff and
	~	Take up oflearning &volunteering		volunteers.
		opportunities
	~	Number ofstudent jobs created by
		LUU
Yau	are	happy, feeling good and having fun	~	Continued strong membership sales		for
Mgg~ur				Clubs 8 Societies despite ongoing
	~	Positive wellbeing indicator		pandemic restrictions in the year.
	~	Club and society membership	~	Adoption ofa new Membership system
	~	Atten dances/ tickets for student		enabling students to use a dedicated
		programmes		system, Engage, to run and track
	8	Attendances/ tickets for general		elections and events.
		events	~	Return to in person award show
				programme show in term three, with
				hundreds ofmembers able to
				participate in the celebration both
				online and in erson.
Yau	are	a valued member afLUU	~	Positive feedback on service provision
h(gg	dttgx=			throughout LUU outlets.
	~	Active digital member engagement	e	Continued to increase transactions	and
	~	Student satisfaction with services		footfall despite ongoing Covid-19
	~	Transactions across LUU services		restrictions in the first half ofthe year,
	~	Footfall into LUU building (daily		reinstating LUU as a key hub for
		average)		students on campus.

				Unrestricted	Restricted	Total Funds.	Total
				Funds	Funds		Funds
			Note			2022	2021
				E	E	E.	E
Income
Donations:
University Grant				3,905,568		3,905,568	4,090,568
income from charitable	activities:
Bars				. 2,199,318		2,199,318	579,286
Venues				1,765,664		1,765,664	149,679
Shops				2,656,882		2,656,882	985,405
Student Services				2,062,529		2,062,529	1,737,673
Student Advice funding				10,000		10,000	12,231
Student representation		&		11,784		11,784	1,860
affiliations
Student Activities/Volunteering				107.209		107,209
funding
Other trading activities:
Rental Income				42,020		42,020	71,623
Media Sales 8 Conferences				228,055		228,055	88,850
Investment income				300		300	248
Coronavirus Job Retention		Scheme		9,910		9,910	668,526
Grant
Other income				116,913		116,913	28,500
Total				13,116,152		13,116,152	8,414,449
Expenditure
Expenditure on charitable		activities:
Bars				2,528,136		2,528,136	1,582,692
Venues				2,515,969		2,515,969	952,964
Shops				3,381,929		3,381,929	2,029,741
Student Services				2,383,053		2,383,053	1,934,037
Student Advice				594,331		594,331	570,036
Student representation		8		..771,628		771,628	707,491
affiliations
Student Activities/Volunteering			.	826,455		826,455	766,804
Media Sales &Conferences				61,399		61,399	58,111
Total				13,062,900		13,062,900	8,601,876
Net surplus/(expenditure)			2-8	53,252		53,252	(187,427)
Reconciliation offunds:
Total funds brought forward				3,431,698	6,092	3,437,790	3,625,217
Total funds carried forward				3,484,950	6,092	3,491,042	3,437,790
				18

Annua I Report and	Annua I Report and	Accounts for t	he year ended 3	1July 2022
Leeds University Union
Balance Sheet at 31July 2022
			Note	2022 8	2021'8
Fixed assets
Tangible assets Intangible assets			9 10	2,137,266 63,184	2,362,904 22,869
Total fixed assets				2,200,450	2,385,773	'
Current assets
Stock in hand '				274,804	233,699
Debtors and prepayments			11	1,539,636	1,109,111
Cash at bank and in	hand		12	1,979,731	2,189,322
NUSSL deposit			13	6,090	6,090
Total current assets				3,800,261	3,538,222
Liabilities
Creditors: amounts	falling due within	one year	14	(2,509,669)	(2,486,205
Net current assets				1,290,592	1,052,017
Total assets less current liabilities				3,491,042	3,437,790
Total net assets				3;491,042	3,437,790
1'he funds ofthe charity
Restricted Funds			16	6,092	6,092
Unrestricted Funds:
Fixed Assets Reserve			16	2,200,450	2,385,773
General Reserve			16	1,284,500	1,045,925
Total unrestricted	funds			3,484,950	3,431,698
Totalcharityfunds				3,491,042	3,437,790

					Note	2022	2021
						6
Cash flows froin	operating	activities:
Net cash provided	by operating activities				19	31,061	352,466
Cash flows from	investing	activities:
Interest income						300	248
Purchase oftangible fixed assets						(190,194)	(36,962)
Purchase ofintangible fixed assets						(50,758)	(938)
Net cash used in	investing	activities				240.652	37,652
Cash flows from	financing	activities:
Repayment ofborrowing
Net cash used in	financing	activities
(Deciease)/increase in cash and cash equivalents				in		(209,591)	314,814
the year
Cash and cash equivalents		at the beginning	ofthe year			2,189,322	1,874,508
Cash and cash equivalents		at the end of	the year			1,979,731	2,189,322
The notes on pages	22 to 35	form part ofthese financial			statements.

he surplus forthe harging:	finan	cial yea	r as shown in the	statement	offinancial ac	tivities is state	d after
						2022	2021
							6
Auditor's remuneration		-audit	ofthese financial	statements		14,200	12,876
Depreciation and	amortisation		on owned assets			426,275	462,413
Operating lease rentals						369,155	369,155
Charitable	and	Other	Activity Costs
			Purchases		Staff	Support	Total
						Costs	2022
					.6	6	6
Bars				811,919	819,044	897,173	2,528,136
Venues				1,033,530	685,413	797,026	2,515,969
Shops				2,004,093	478,504	899,332	3,381,929
Student Services				86,465	1,794,640	501,948	2,383,053
Student Advice				12,804	297,729	283,798	'594.331
Student representation				43,563	396,299	331,766	771,628
Student Activities/Volunteering				241,949	250,714	333,792	826,455
Media Sales 8 Conferences				392	48,778	12,229	61,399
Total Costs				4,234,715	4,771,121	4,057,064	13,062,900

	Purchases	Staff	Support	Total
			Costs	2021
	6	6	6	6
Bars	262,031	537,380	783,281	1,582,692
Venues	147,453	307,903	497,608	952,964
Shops	839,306	385,316	805,119	2,029,741
Student Services	73,223	1,395,449	465,365	1,934,037
Student Advice	11,130	278,383	280,523	570,036
Student representation	20,648	362,205	324,638	707,491
Student ActivitiesNolunteering Media Sales 8 Conferences	117,710 620	240.008 46,307	409,086 11,184	766,804 58,111
Total Costs	1,472,121	3,552,951	3,576,804	8,601,876

	Use	Staff	Premises	Marketing	Governance	Other	Total
		6		6		6	6
Bars	22%	387,718	279,906	7,878	4,086	217,582	897,170
Venues	19%	392,222	140,196	7,800	6,946	249,862	797,026
Shops	22%	401,405	215,540	8,502	4,903	268,981	899,331
Student Services	1.2%	268,562	91,159	10,998	5,312	125,919	501,950
Student Advice	7%	168,847	23,377	5,616	4,086	81.872	283,798
Student	9%	216,381	24,281	19,812	3,269	68,024	331,767
representation
Student	8%	190,734	40,818	5,694	4,495	92,052	333,793
Activities/
Volunteering
Media Sales 8	1%	6,125	2,465	200	100	3,339	12,229
Conferences
Total Costs,	100%	2,031,994	817,742	66,500	33,197	1,107,631	4,057,064

Comparative	Support	Costs included	Costs included	in Note	in Note	3:
		Use		Staff	Premises		Marketing Governance			Other	Total
				6				6	.6	6	E
Bars		22%	388,680			256,201		8,834	3,278	126,288	783,281
Venues		14%	282,516			103,201		8,747	4,006	99,118	497,60&
Shops Student Services		23% 13%	414,830 260,033			217,494 80,751		9,534 12,333	3,278 2,914	160,347 108,242	805,119 465,365
Student Advice		8%	179,478			21,838		6,297	4,006	69,632	280,523
Student		9%	211,361			23,646		22,216	3,278	64,501	324,638
representation
Student		11%	256;424			42,218		6,385	2,914	99,324	409,086
Activities/
Volunteering Media Sales	&	0%		6,252		2,338		233	4,735	2,282	11,184
Conferences
Total Costs		100%	1,999,574			747.707		.74,579	25,210	729,734	3,576,804
5 Unrestricted		funds
						At beginning		Incoming	Outgoing		At end of
						ofyear		resources	resources		year
								6		6	6
General funds
Fixed assets	and investments					2,385,773		240,952	(426,275)		2,200,450
Net current	assets					1,045,925		12,875,200	(12,636,625		1,284,500
						3,431	698	13,116152	13,062.900		3,484,950
6 Restricted funds
						At beginning		Incoming	Outgoing		At end of
						ofyear 6		resources	resources 5		year 6
Net current	assets						6,092				6,092

Salary			Employees
670,001	to	E80,000	2
690,001	to	6100,000	1

9	Tangible	fixed assets
			Leasehold	l.easehold	Fixtures	Equipment	Total
			buildings	improvements	8 fittings
			E	6	6
Cost
	Brought forward	1 Aug 21	3,535,056	1,795,563	1,166,349	1,118,980	7,615,948
Additions in the		year			105,601	84,593	190,194
	Disposals in the	year
As at 31July 2022			3,535,056	1,795,563	1,271,950	1,203,573	7,806,142
	Depreciation
	Brought forward	1 Aug 21	1,856,184	1,601,029	894,470	901,361	5,253,044
	Charge for the year		165,696	37,035	112,643,	100,458	415,832
	Disposals in the	year
As at 31July 2022			2,021,880	1,638,064	1.007.113	1,001,819	5,668,876
	Net book value
As at 31July 2022			1,513,176	157,499	264,837	201,754	2,137,266
At 31July 2021			1,678,872	194,534	271,879	217,619	2,362,904

Cost
Brought forward 1 Aug 21				57,618
Additions in the year				50,758
I'mpairments in	the year
As at 31July 2022				108,376
Depreciation
Brought forward 1 Aug 21				34,749
Charge for the	year			10,443
Impairments in	the year
As at 31July 2022				45,192
Net book value
As at31July 2022				63,184
At 31July 2021				22,869
11 Debtors	and prepayments
			2022	2021
			6	6
Trade debtors			185,800.	120,091
Sundry debtors	and prepayments		388,260	210,163
The University	ofLeeds		965,576	778857
			1,539.636	1,109,111
12 Cash at	bank and in hand
			2022	2021
			6	8
LUU cash			1,041,169	1,052,991
Cash held on behalf ofstudent		clubs and societies	848,920	1,081,610
Cash from ticket sales held on		behalf ofevent promoters	89,642	54,721
			1,979,731	2,189,322

4 Creditors: am	ounts falling	due	within one yea	r
					2022	2021
					6	6
Trade creditors					335,338	160,361
Sundry creditors', accruals and deferred			income		1,305,225	1,231,422
Clubs and societies					848,920	1,081,610
The University ofLeeds					20,186	12,812
					2,509,669	2,486,205
5 Capital commitments
UU had the following	commitments	for	capital works at	31July:
					2022	2021
					. 8
Authorised and contracted					156,542	7,444
6 Analysis ofNet Assets bet'ween			Funds
				Unrestricted	Restricted	Total
				Funds	Funds
				6	8	6
Fixed Assets and Investments				2,200,450		2,200,450
Net Current Assets				1,284,500	6,092	1,290,592
				3,484,950	6,092	3,491,042

			2022	2021
			6	8
Plant and	Machinery
Operating	leases payable within:
		1 Year	1,899	3,585
		2to 5Years		1,899
Building			1,899	5,484
Operating	leases payable within:
		1 Year	418,001	418,001
		2to 5Years	1,672,004	1,672,004
		Over 5years	1,723,538	2,141,539
			3,&13,543	4,231,544
Total lease commitments			3,815,442	4,237,028

	2022	202'l
	8	f. '
1Year	79,200	107,890
2to 5Years	192,414	384,012
Over 5Years		180,016
	271,614	671,918

			2022	2021
			6	6
Net income/(expenditure)		forthe year	53,252	(187,427)
Adjustments for:
Depreciation and amortisation			426,275	462,413
Interest receivable from investments			(298)	(248)
(Increase)/decrease	in stock		(41,107)	8,494
(Increase) in debtors			(430,525)	(55,348)
Increase in creditors			23,464	124,582
Net cash provided	by operating activities		31,061	352,466

Net debt	At beginning	Cash Flows	Other non-cash		At end of
	ofyear		movements		year
	6	6		6
Cash at bank and in hand	2,189,322	(209,591)			1,979,731
Debt due within one year
Debt due after one year
Net funds	2,189,322	209,591)			1,979,731

tatement offinancia	l	ac	tivities f	orthe y	ear ending 31J	uly 2021
					Unrestricted	Restricted	Total		Total
					Funds	Funds	Funds		Funds
				Note			2021		2020
							6		E
Income
Donations:
University Grant					4,090,568		4,090,568		3,527,568
income from charitable		activities:
Bars					579,286		579,286		1,478,423
Venues					149,679		149,679		930,517
Shops					985,405		985,405		2,651,778
Student Services					1,737,673		1,737,673		975,376
Student Advice funding					12,231		12,231		61,576
Student representation			8		1,860		1,860		95,212
affiliations
Student ActivitiesNolunteering									269,718
funding
Other trading activities:								'
Rental Income					71,623		71,623		120,469
Media Sales &Conferences					88,850		88,850		230,821
Investment income	.				248		248		3,797
Coronavirus Job Retention			Scheme		668,526		668,526		844,470
Grant
Other income					28,500		28,500		27,127
1'otal					8,414,449		8,414,449		11,216,852
Expenditure
Expenditure an charitabie			activities:
Bars,					1,582,692		1,582,692		2,310,237
Venues					952,964		952,964		1,682,219
Shops					2,029,741		2,029,741		3,300,198
Student Services					1,934,037		1,934,037		2,009,789
Student Advice					570,036		570,036		583,445
Student representation			8		707,491		707,491		796,991
affiliations
Student Activities/Volunteering					766,804		766,804		754,284
Media Sales &Conferences					58,111		58,111		74,377
Total					8,601,876		8,601,876		11,511,540
Net surplus				2-8	(187,427		(187,427)		(294,688)
Reconciliation offunds:
Total funds brought	forward				3,619,125	6,092	3,625,217		3,919,905
Total funds carried		forward			3,431,698	6.092	3,437,790		3,625,217