|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|||||||||
##
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|||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|
##
##
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##
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|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)|
##
##
##
##
##
##