2021-07-31-accounts

Trustees, Senior Staff, Governance	Committees	and Professional	Advisors
Trustees' annual report				3 —13
Independent auditor's report				14 —17
Group statement offinancial activities				18 —19
Group and charity Balance sheet				20
Group cash flow statement				21
Principal Accounting Policies				22 —24
Notes to the financial statements				25 —38

Chair
M Fox	appointed		20 July 2020; resigned		16	July 2021
G Sullivan	appointed		19July 2021
Officer Trustees
D Lelin	appointed		20 July 2020; resigned		16	July 2021
J Jessop	appointed		20 July 2020; resigned		16	July 2021
SThomas	appointed		20 July 2020; resigned 30			May 2021
E Coleman	appointed		6 October 2020; resigned			16July	2021
S Hawkins	appointed		6 October 2020; resigned			1 June 2021
R Craven	appointed		6 October 2020; resigned			16July	2021
A Ahmed	appointed		6 October 2020; resigned			16July	2021
M Ali	appointed		19July 2021
5 Chaudhury	appointed		19July 2021
B Ewles	appointed		2 August 2021
A Gooden	appointed		19July 2021
A Kosse	appointed		19July 2021
C Taylor	appointed		19July 2021
P Willis	appointed		19July 2021
Lay Trustees
C Harvey	resigned	1	January 2021
D Ellis
R Munton
J Colenso
C Bridge	appointed		20 April 2021
Student Trustees
C Gill	resigned	26 February 2021
E Salami	resigned	1	July 2021
A Hacon	appointed		15October 2020; resigned			1 July	2021
S Martin	appointed		15October 2020; resigned			1 July	2021
F Akhtar	appointed		20 April 2021
W Bowling	appointed		1 July 2021
J Brazier	appointed		1 July 2021
M Nouman	appointed		20 April 2021
Principal Address	Portland	Building		Company		Number		07229624
	University		Park	Charity	Number			1136986
	Nottingham			Company		Secretary		E Birkinshaw	appointed		1 July 21
	NG7 2RD							D Goodacre	resigned	26	Feb 21
Auditor	Cooper Parry Group Ltd			Bankers			NatWest Corporate
	Sky View,	Argosy Road					8-10Great Tower Street
	Castle Donington						London, EC3P		3HX
	Derby, DE74 2SA
Solicitors	Browne Jacobson
	44 Castle	Gate
	Nottingham		NG1 7BJ

		Unrestricted	Restricted	31July	31 July
		funds	funds	2021	2020
INCOMING RESOURCES	Note			E
Donations and grants	2	2,967,481		2,967,481	3,603,304
Incoming resources from
generated funds Other trading activities Income from investments		2,101,551 38,614		2,101,551 38,614	3,289,986 45,565
Income from Charitable activities
Operation of Student Union		37,716	1,280,335	1,318,051	2,484,550
Total group incoming resources		5,145,361	1,280,335	6,425,696	9,423,405
RESOURCES EXPENDED
Expenditure on raising funds		2,391,181		2,391,181	3,240,540
Expenditure on Charitable activities		2,930,105	1,069,920	4,000,025	5,914,631
Pension deficit charge Interest on pension fund deficit	16	119,232		119,232	495,917 102,645
Total resources expended		5,440,518	1,069,920	6,510,438	9,753,733
Net (expenditure)/income		(295,157)	210,415	(84,742)	(330,328)
Unrealised gain /(loss) on investment		219,200		219,200	(75,258)
Net movement in funds		(75,957)	210,415	134,458	(405,586)
Total funds brought forward		(1,700,630)	1,352,689	(347,941)	57,645
Total funds carried forward	18/19	(1,776,587)	1,563,104	(213,483)	(347,941)

			Unrestricted	Restricted	31 July
			funds	funds	2020
INCOMING RESOURCES		Note	f		f
Donations and grants		2	3,603,304		3,603,304
Incoming resources from generated
funds
Other trading activities			3,289,986		3,289,986
Income from investments			45,565		45,565
Income from Charitable activities
Operation ofStudent Union			16,140	2,468,410	2,484,550
Total group incoming resources			6,954,995	2,468,410	9,423,405
RESOURCES EXPENDED
Expenditure on raising funds		5	3,240,540		3,240,540
Expenditure on Charitable	activities	5	3,752,665	2,161,966	5,914,631
Pension deficit charge		16	495,917		495,917
Interest on pension fund deficit			102,645		102,645
Taxation
Total resources expended			7,591,767	2,161,966	9,753,733
Net income / (expenditure)			(636,772)	306,444	(303,328)
Unrealised loss on investment			(75,258)		(75,258)
Net movement in funds			(712,030)	306,444	(405,586)
Total funds brought forward			(988,600)	1,046,245	57,645
Total funds carried forward		18/19	(1,700,630)	1,352,689	(347,941)

					Group		Charity
				31July		31July	31 July	31 July
				2021		2020	2021	2020
			Note	f		f	f
Fixed assets
Tangible fixed assets			10	71,393		97,451	28,880	69,719
Investments			11	1,881,510		1,623,913	2,181,510	1,923,913
				1,952,903		1,721,364	2,210,390	1,993,632
Current assets
Investments				112,795		112,691	112,795	112,691
Stocks			12	79,'l34		93,254
Debtors			13	463,747		324,788	258,462	172,136
Cash at bank	and	in
hand				1,117,317		1,251,480	645,296	527,767
				1,772,993		1,782,213	1,016,553	812,594
Creditors: amounts
falling due within		one
year			14	(1,170,587)		(1,031,600)	(623,932)	(631,057)
Net current	assets			602,406		750,613	392,622	181,537
Total assets	less
current liabilities				2,555,309		2,471,977	2,603,011	2,175,169
Creditors falling due
outside one	year		15	(2,768,792)		(2,819,918)	(2,768,792)	(2,819,918)
Net liabilities			19	(213,483)		(347,941)	(165,780)	(644,749)
Income funds
Unrestricted	funds		18	(1,776,587)		(1,700,630)	(1,728,885)	(1,997,476)
Restricted funds			18	1,563,104		1,352,689	1,563,104	1,352,727
				(213,483)		(347,941)	(165,780)	(644,749)

			Group	Group
			31 July	31 July
			2021	2020
		Note	f
Net cash used
by operating activities		20	(81,967)	(194,634)
Cash flows from investing
activities
Purchase offixed assets		10	(52,309)	(37,625)
Proceeds from the sale of			375,847	238,963
investments
Purchase of investments			(414,348)	(268,306)
Investment income			38,614	45,565
			(52,196)	(21,525)
Net cash provided by (used in)
financing activities
Change in cash and cash
equivalents in the reporting
period			(134,'l 63)	(216,235)
Cash and cash equivalents	at the
beginning ofthe year			1,251,480	1,467,715
Cash and cash equivalents	at the
end ofthe year			1,117,317	1,251,480

2		Donations	and grants
					Unrestricted	Restricted	2021	2020
					Total	Total	Funds	Funds
		Block grant	from University		2,147,882		2,147,882	2,409,273
		HC grant from University						283,039
		Other grants and donations			284,563		284,563	375,956
		Donations	in kind		535,036		535,036	535,036
					2,967,481		2,967,481	3,603,304
	3	Trading turnover
		Retail			1,292,232		1,292,232	2,019,059
		Catering/Restaurants			548,856		548,856	782,857
		Print shop			42,303		42,303	124,260
		Events &Advertising			218,160		218,160	363,810
					2,101,551		2,101,551	3,289,986
	4	Income from charitable		activities
		Societies				241,579	241,579	748,735
		Medics				38,865	38,865	129,235
		Sutton Bonnington				180,490	180,490	285,153
		HC				55,246	55,246	121,566
		SRS				73,962	73,962	127,174
		Volunteering				28,752	28,752	42,112
		Sports				653,165	653,165	991,849
		Associated	Bodies			8,276	8,276	22,586
		Other			37,716		37,716	16,140
					37,716	1,280,335	1,318,051	2,484,550

				Cost of	Staff Costs	Other Costs	2021 Total	2020
				Sales				Total
				f	f	f		f
(a) Costs of generating Retail		funds		869,899	281,502	112,895	1,264,324	2,046,357
Catering/Restaurants				166,876	319,297	98,657	584,830	789,598
Print				12,948	77,934	12,114	102,996	151,238
Events &Advertising				139,337	106,064		245,401	217,292
UNU Services Limited	overheads				189,932	3,726	193,630	36,055
				1,189,060	974,729	227,392	2,391,181	3,240,540
(b) Charitable activities			Staff Costs	Direct Costs	Support	In kind	2021 Total	2020 Total
					Costs	costs
			f	f	f	f	f	f
Unrestricted funds
Student advice centre			226,927	2,456	112,637	78,545	420,565	269,938
Student voice &campaigning			457,458	48,230	248,314	173,156	927,158	220,092
Student communities	&	grants	595,854	231,600	386,661	283,334	1,497,449	3,246,862
Governance costs					13,172		13,172	15,773
Digital Project				48,128	23,633		71,761
			1,280,239	330,414	784,417	535,035	2,930,105	3,752,665
Other student activity	spend
Restricted funds: student		activities		1,069,920			1,069,920	2,161,966
			1,280,239	1,400,334	784,417	535,035	4,000,025	5,914,631

			Cost of Sales	Staff Costs	Other Costs	2020 Total
			f	f	f	f
(c) Costs of generating Retail	funds		1,438,098	432,141	176,118	2,046,357
Catering/Restaurants Print			252,015 49,398	447,988 83,671	89,595 18,169	789,598 151,238
Events BtAdvertising			123,606	93,686		217,292
UNU Services Limited overheads					36,055	36,055
			1,863,117	1,057,486	319,937	3,240,540
(d) Charitable activities		Staff Costs	Direct Costs	Support	In kind costs	2020 Total
				Costs
		f	f	f		f
Unrestricted funds
Student advice and support		234,005	3,453	3,396	29,084	269,938
Representation and campaigns Student activities		121,132 1,839,849	69,373 682,551	503 247,595	29,084 476,867	220,092 3,246,862
Governance costs				15,773		15,773
		2,194,986	755,377	267,267	535,035	3,752,665
Restricted funds:	student		2,161,966			2,161,966
activities
		2,194,986	2,917,343	267,267	535,035	5,914,631

Support Costs
		Premises	Legal 8t	Other	2021	2020
		Cost	Prof	Costs
		f	f	f	f	f
Student advice	and support	47		497	544	3,396
Representation	and campaigns			337	337	503
Student activities		108,354	9,225	114,811	232,390	247,595
Governance				13,172	13,172	15,773
Staff costs for central services (after restructure)				537,974	537,974
		108,401	9,225	666,791	784,417	267,267
Support Costs	for prior year
		Premises	Legal 8t	Other	2020
		Cost	Prof	Costs
		f	f	f	f
Student advice	and support		1,323	2,073	3,396
Representation	and campaigns	28		475	503
Student activities		121,430	18,808	107,357	247,595
Governance				15,773	15,773
		121,458	20,131	125,678	267,267

The	number	of	staff	whose	emoluments	for	the	year	(including	taxable	benefits)	exceeded f60,000	were as follows:
												31 July	31 July
												2021	2020
												Number	Number

0 Tangible fix	ed a	ssets
		UNU		SRS Motors 8t	Equipment
Group		Refurbishment f	Clubs JCR f	Others f	computers f		Total f
Cost
At 1 August 2020		282,384	420,722	17,933	44,675		765,714
Additions		44,509	7,800				52,309
Disposals
At 31 July 2021		326,893	428,522	17,933	44,675		818,023
Depreciation
At 1 August 2020		254,652	351,003	17,933	44,675		668,263
Charge for the
year		29,728	48,639				78,367
Disposals
At 31 July 2021		284,380	399,642	17,933	44,675		746,630
Net book value
At 31 July 2021		42,513	28,880				71,393
Net book value
At 31 July 2020		27,732	69,719				97,451
			SRS	Motors R	Equipment
Charity		Clubs JCR f		Others	computers	f	Total f
Cost
At 1 August 2020		420,722		17,933	44,675		483,330
Additions		7,800					7,800
Disposals/write	off
At 31 July 2021		428,522		17,933	44,675		491,'I 30
Depreciation
At 1 August 2020		351,003		17,933	44,675		413,611
Charge for the year		48,639					48,639
Disposals
At 31 July 2021		399,642		17,933	44,675		462,250
Net book value
At 31 July 2021		28,880					28,880
Net book value
At 31 July 2020		69,719					69,719

						2021	2020
						f	f
(a)	Profit and loss		account
	Sales					2,051,516	3,289,986
	Cost of sales					(2,177,492)	(2,920,604)
	Gross profit					75,941	369,382
	Administrative		expenses			(213,662)	(319,937)
	Operating profit/(loss)					(289,603)	49,445
	Interest Receivable					48	2,135
	Other income					253,109	238,281
	(Loss)/profit	on	ordinary	activities before taxation		(36,446)	289,861
	Taxation
	Distribution	of	reserves			(308,112)	(546,543)
	Profit/(loss)	for	the period transferred		to reserves	(344,558)	(256,682)

					2021	2020
(b)	Balance sheet
	Fixed assets				42,513	27,732
	Current assets
	Stocks				79,134	93,254
	Debtors				221,701	160,110
	Investments
	Cash at bank and		in	hand	472,021	723,713
					772,856	977,077
	Creditors: amounts			falling due within one year	(563,072)	(408,001)
	Net current assets				209,784	569,076
	Net assets				252,297	596,808
	Capital and reserves
	Called up share	capital			300,000	300,000
	Profit and loss	account			(47,703)	296,808
	Shareholders'	funds			252,297	596,808
12	Stocks

					Group		Charity
					31 July	31 July	31 July	31 July
					2021	2020	2021	2020
					f	f	f	f
Finished		goods and goods for resale			79,134	93,254
13	Debtors
					Group		Charity
					31 July	31 July	31 July	31 July
					2021	2020	2021	2020
						f	f	f
Trade debtors					110,496	102,006	13,173	28,962
Amounts		owed by subsidiary		undertakings			16,416
Prepayments			and accrued income		349,915	217,239	225,537	137,631
VAT	debtor				3,336	5,543	3,336	5,543
					463,747	324,788	258,462	172,136

s follows:
				Group		Charity
				2021	2020	2021	2020
				f	f	f	f
Buildings
Less than	1 year			50,000	50,000
Greater than		1 year and not later than	5 years	282,500	282,500
				332,500	332,500
Print Shop
Less than	one	year		13,440
Greater than		1 year and not later than	5 years	43,681
				57,121
				389,621	332,500

			At 31					At 31
			July			Gains/(losses)		July
			2019 f	Incoming f	Outgoing f	/transfers	f	2020 f
Restricted funds
Societies			399,752	748,735	(757,552)			390,935
Medics			58,542	129,235	(124,423)			63,354
Sutton	Bonington		78,195	285,153	(286,798)			76,550
HC			206,882	121,566	(48,923)			279,525
SRS			14,650	127,174	(113,294)			28,530
Volunteering			83,704	42,112	(49,290)			76,526
Sports			175,905	991,849	(760,035)			407,719
Associated		Bodies	8,597	22,585	(13,973)			17,209
Derby Students			8,783	1	770			9,554
NMA			(1,203)		2,850			1,647
Physio	Bt Rehab Association		872		268			1,140
Other			11,566		(11,566)
			1,046,245	2,468,410	(2,161,966)			1,352,689
Unrestricted		Funds
General	fund		(988,600)	6,954,995	(7,667,025)			(1,700,630)
			57,645	9,423,405	(9,828,991)			(347,941)

Group			Tangible		Long-term
			fixed	Net current	assets/	Fund
			assets	assets	liabilities	balances
			f	f	f	f
Restricted	funds			1,563,104		1,563,104
General unrestricted		funds	71,393	(960,698)	(887,282)	(1,776,587)
			71,393	602,406	(887,282)	(213,483)
Group —prior year			Tangible		Long-term
			fixed	Net current	assets/	Fund
			assets	assets	liabilities	balances
			f	f	f	f
Restricted	funds			1,352,689		1,352,689
General unrestricted		funds	97,451	(602,113)	(1,195,968)	(1,700,630)
			97,451	750,576	(1,195,968)	(347,941)