## ## |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| ##