2022-07-31-accounts - Liverpool Guild Of Students

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Bankers			The Co-operative	The Co-operative	Bank p.l.c.,	Bank p.l.c.,
			P.O. Box101
			1Balloon Street
			Manchester
			M60 4EP
			Deposit Accounts
			Flagstone Group Ltd (Investment 1"Floor, Clareville House				Platform)
			26-27 Oxendon	Street
			London
			SW1Y4EL
			Cambridge Building Society
			PO Box232
			51Newmarket Road
			Cambridge
			CB58FF
Finance and business		advisors	Counterculture	Partnership		LLP
			Unit 115Ducie House,
			Ducie Street,
			Manchester, M1 2JW
Insurance	Brokers		Endsleigh Business Insurance			Services
			The Quadrangle
			Imperial Square
			Ch cite nham
			Gloucestershire
			GL50 1PZ
Solicitors			Governance, charity and corporate				law
			Bates, Wells and	Braithwaite		London		LLP
			2-6 Cannon Street
			London
			EC4M 6YH
			Employment and		commercial	law
			Weightmans LLP
			India Buildings
			Water Street
			Liverpool
			L2 OGA

								Volunteeri
								ng
								Liverpool
								Members
								60.13%
								Halls
								Student
								Committee
								Members
								60.28%
								Project
								Volunteers
								68.42%
4	Number	of	changes		to Guild				Guild Policy:		2 (BDS& UCU
	policy or practices,				which				positions)
	significantly			impact	on student				Guild practice: 2 (period products
	experience, as a result of a student ideas or feedback (MT- identifying changes during								in all toilets, quiet time for disabled students at refreshers)
	campaign	reviews,			and
	Committee		debriefs)
5	Number	of	changes		to University		3		7changes	to policy, or the
	policy or practices,				which				development			of new policies
	significantly			impact	on student				(Non-academic			misconduct,
	experience,			as a result of a					academic	misconduct, fitness to
	student	ideas orfeedback.							study, canvas			policy, attendance
									monitoring,		and Module
									Selection	process, Policy on
									recording	and		use ofstudent
									names, gender			identifiers	and
									pronouns)
6	%ofstudents			who	feel that	the	60%	Guild
	Guild effectively represents					their		Survey
	academic interests							54.83%
								National
								Student
								Survey
								49.97%
7	%ofstudents			who	feel that	the	70%	67.25%	This is likely		to have been
	Guild offers		activities and						impacted	by	Covid restrictions,

services	are relevant	are relevant	to				which	limited some student	limited some student
L"							activity, and the way in which
							some services		could be delivered.
						L
rGap between	satisfaction		level	Baseline to	Range from		Students were		asked how
of identified	groups,	and overal		be	5.44%		satisfied they are with their
student satisfaction, by end of plan		to be halved		established	points to 11.09%		overall student analysis ofthe		experience. Initial satisfaction levels
					points		ofthe	following	groups has been
							analysed. The figures below show
							the %ofrespondents who were
							very satisfied or satisfied.
							~	Disability (Gap between
								highest	and lowest=
								8.57%	points)
								o	Disabled
									student- 79.85%
								o	Non-disabled
									student- 88.42%
							~	Ethnicity (Gap between
								highest	and Iowest=
								5.44%)
								o	Black or Black
									British- 84.9%
								o	Chinese or other
									Asian ethnic
									group- 86.31%
								o	Mixed- 86.49
								o	Asian or Asian
									British- 90.34%
								o	White or white
									British- 87.49%
							~	Length of commute to
								University (Gap between
								highest	and lowest=
								11.09%	points)
								o	Less than half an
									hour- 89.14%
								o	Up to an hour-
									84.42%
								o	Up to an hour
									and a half-
									83.56%

												o	Over	an hour	an hour
													and a	half-
													78.05%
	Numbers ofstudents		satisfied	74%of			73%of
	with Guild events.			students			students
				believe	that		believe
				the Guild		is	that the
				doing either			Guild is
				'Very well' or			clolng
				'Well'			either 'Very
							well' or
							'Well'
10	Numbers ofstudents		agreeing	Asked	this		21%of
	we offer Value for Money			question		by	students
				outlet	in		would
				2019-			describe
				ranged	from		the Guild
				19%in	Guild		as 'Value
				Shop to 60%			for Money'
				in the Sphinx
				and —31%in
				Starbucks.
	%of Building Improvement						Lots of	There is	a		liaison		group		between
	works delivered to plan and on						positive	the Guild		and Uni which					looks	at
	budget						progress,	building	improvements						and has a
							not	working		list,		currently		being
							measured	reviewed.			Over the past year the
							as a%	following		works			have been
								completed:				Stanley theatre
								dressing		room refurbishment,
								replacement				ofshop roof/roof
								garden,	renewal				of Mountford
								Hall roof,		renewal of Reilly
								balcony/guttering,					agreement			to
								replace the				Mountford			floor in
								summer		2023,
12	%ofAnnual Health+		Safety plan				100%
	on track	and delivered
13	Financial	contribution	to overall				The	The forecast				figures for			2022/23
	surplus	for the Guild.					contribution	currently		show a deficit					of
							for the year	f563,831after pension							deficit
							end 31.07.22 is	payments			off188,991.
							6990,564

Number	ofstudents	ofstudents	ofstudents	who know	46%of		The majority (56.3%)ofstudents	The majority (56.3%)ofstudents	The majority (56.3%)ofstudents		either
what we	do				students		'Strongly agree'	or 'Agree' that they know what
					i agreed with		the Guild does.
					this statement the 2019	in	i Only a small minority ofstudents (3.8%) strongly disagreed with this statement.
					survey
Number	ofstudents			who say we	49%of		The majority (66%)of students			either 'Strongly
are relevant					students		Agree' or 'Agree'		that the Guild's
					agreed with		communications		are relevant to		them.
					this
					statement	in
					the 2019
					survey
Numbers		who	say our		60%of		69%ofstudents	Strongly Agree'			or 'Agree' that
communications			interest them		students		the Guild's communications interest them
					agreed with
					this
					statement	in
					the 2019
					survey
Numbers		who	say we are easy to		72%of		83%ofstudents	Strongly Agree'			or 'Agree' that
understand					students		the Guild's communications are				easy to
					agreed with		understand.
					this
					statement	in
					the 2019
					survey
%ofstaff		agreeing that they would			Score of96%		Overall analysis	ofthe results as			a whole
strongly	recommend			the Guild as a	in 2020		organisation show that 89%ofour staff would
place to	work						recommend the	Guild as a good			place to work.
					Target for
					2022 is
					Above 83%

O	I ~	Achievement of Investors Silver standard	in People	Accreditationg only in 2020J	Accreditationg only in 2020J	Postponed
		%ofappraisals and probationary		Unknown	l	100%On track- all Managers	are completing
O		reviews completed			+these with staff on a regular		basis
		%decreased in turnover	for core	Above 90%		Ongoing
	.	staff in their first 18 months of
		joining the Guild
PJI		To be defined
		To be defined

rthe year ended 31 July 20	22
		Unrestricted		Funds
						2022	2021
		General	Designated		Restricted	Total	Total
	Note	Funds		Funds	Funds
Income from:
Donations and legacies Charitable Activities	2 3	1,883,309 2,026,876			9,842	1,883,309 2,036,718	1,912,410 477,857
Other Trading Activities investments Other Income Pension Liability Gain	4 5 6 28	482,280 6,994 330,628				482,280 6,994 330,628	74,89& 8,392 325,099 26,761
		4,730,087			9,842	4,739,929	2,825,417
Expenditure on:
Raising Funds Charitable Activities		417,585 3,246,452		8,373 120,454		425,958 3,366,906	301,996 2,383,675
Total resources expended	7	3,664,037		128,827		3,792,&64	2,685,671
Net Income/(expenditure)	8	1,066,050	(128,827)		9,843	947,065	139,746
Transfers between funds	22	(46,172)		46,172
Net Movement in Funds		1,019,878		(82,655)	9,842	947,065	139,746
Reconciliation offunds:
Total funds brought forward	31	(1,793,660)		451,587	218,809	(1,123,264)	(1,236,911)
Prior Year Adjustment	30	43,498				43,498
Total funds carried forward	22	(730,284)		368,932	228,651	(132,701)	(1,097,165)

IVERPOOL GUILD OF STUDE ALANCE SHEET s at 31July 2022	NTS
	Note		As at		As at
			31-Jul-22		31-Ju1-21
FIXEDASSETS
Tangible assets	13		264,194		346,849
CURRENT ASSETS
Stock	14	83,161		66,281
Debtors	15	469,100		239,176
Investments	16	1,064,050		1,072,860
Cash at bank and in hand		1,113,710		723,574
		2,730,021		2,101,891
CREDITORS
Amounts falling due
within one year	17	(683,691)		(565,666)
NET CURRENT ASSETS			2,046,330		1,536,225
TOTAL ASSETS LESSCURRENT			2,310,524		1,883,074
LIABILITIES
CREDITORS
Amounts falling due	18		(2,443,224)		(2,962,840)
after more than one year
NET LIABILITIES			(132,700)		(1,079,766)
FUNDS:
Restricted Funds	22		228,651		218,809
General Fund	22	1,901,932		1,389,165
Pension Deficit	22	~2632 215		~Slab 327
			(730,283)		(1,750,162)
Designated Funds	22		368,932		451,587
			(132,700)		(1,079,766)

							2022	2021
							Total	Total
						Note
Net cash provided by/(used		in) operating			activities	24	427,498	(51,740)
Cash flows from investing		activities:
Proceeds on sale offixed	assets
Purchase offixed assets							(46,172)	(70,175)
Net cash provided by (used in) investing				activities			(46,172)	(70,175)
Change in cash and cash	equivalents		in the year				381,326	(121,915)
Cash and cash equivalents	at the beginning				ofthe year		1,796,434	1,918,349
Cash and cash equivalents		at the end	ofthe year			25	2,177,760	1,796,434

				General	Funds	Designated	Restricted	2022	2021
						Funds	Funds
					f	f	f
2 Donations
University Block Grant				1,751,516				1,751,516	1,716,386
Arts Council Funding —Culture			Recovery Fund		48,653			48,653	113,524
Other Voluntary Income					83,140			83,140	82,500
				1,883,309				1,883,309	1,912,410
3 Income from charitable	activities
Bar					999,304			999,304	117,478
Coffee Shop					571,593			571,593	207,045
Student Shops					287,113			287,113	31,457
Entertainments					15,117			15,117
Catering Facility Fee					30,000			30,000	30,000
NUS Extra, Bus Pass &Graduate Portrait Commissions					118,052			118,052	89,341
Student Services e.g. Give		it a Go			5,698			5,698	2,536
Net Clubs &Societies Income							9,842	9,842
				2,026,877			9,842	2,036,719	477,857
4 Income from other trading		activities
Venue Hire and Staff Recharges					385,100			385,100	41,408
Media Sales					97,180			97,180	33,498
					482,280			482,280	74,898
5 Investments
Interest received from Bank & Building Society Accounts					6,994			6,994	8,392
					6,994			6,994	8,392
6Other income
Coronavirus Job Retention		Scheme							325,099
									325,099

2022	Cost of Sales	Staff Costs	Other Costs	Governance Costs	Support Costs	2022 Total Cost	2021 Total Cost
	f	f					f
Raising Funds		105,936	246,000	3,899	70,123	425,958	301,996
Charitable Activities:
Bars	296,545	317,924	227,550	8,361	265,566	1,115,946	439,641
Coffee Shop	176,951	215,945	92,529	4,820	153,100	643,345	482,657
Student Shops	179,267	134,078	26,276	3,372	107,114	450,107	187,047
Entertainments		38,236	46,035	837	26,578	111,686	81,295
Student Services E.g. Give it a Go		678,887	110,220	7,836	248,879	1,045,822	1,191,034
Student Societies Net
Expenditure							2001
	652,763	1,385,070	502,610	25,226	801,237	3.366,906	2,383,675
	652,763	1,491,006	748,610	29,125	871,360	3,792,864	2,685,671
2021	Cost of Sales	Staff Costs	Other Costs	Governance Costs	Support Costs	2021 Total Cost	2020 Total Cost
						f	f
Raising Funds		148,366	27,797	2,152	123,681	301,996	385,553
Charitable Activities:
Bars	42,248	154,107	75,540	3,858	163,889	439,641	922,585
Coffee Shop	71,400	163,055	64,044	4,235	179,924	482,657	636,332
Student Shops	27,590	74,569	13,519	1,641	69,727	187,047	486,241
Entertainments		26,580	23,697	713	30,305	81,295	131,755
Student Services E.g. Give it a Go		661,275	75,316	10,451	I	1,191,034	1,199,591
Student Societies Net
Expenditure			2,001			2,001
	141,238	1,079,585	254,117	20,898	887,836	2,383,675	3,376,504
	141,238	1,227,952	281,914	23,050	1,011,518	2,685,672	3,762,057

				2022	2021
				f	f
	Staff costs			659,022	843,728
	Staff Recruitment, Facility Costs	training	&social costs	10,787 40,195	7,463 31,511
	Office &finance costs			39,168	32,205
	Travel, subsistence	&conference costs		2,001	370
	Legal, professional Marketing/Website	&consultancy costs		29,005 15,495	28,880 18,921
	Equipment purchase, hire		&maintenance	27,099	10,830
	Irrecoverable VAT			39,747	17,650
	Depreciation			24,984	20,913
	Sundry costs			12982	22 097
				900,485	1,034,568
8	Net income/(expenditure)		for the year
	This is stated after	charging:		2022 f	2021 f
	Depreciation			128,827	119,513
	Coronavirus Job Retention		Scheme receipts		(325,009)
	Bad Debts incurred/(recovered)			5,418	(3,909)
	Auditors remuneration:
	Audit			9,000	6,000
	Other Services			450

				2022	2021
				f	f
Staff costs were as follows:
Salaries and wages				1,944,984	1,868,071
Social Security costs				144,066	136,278
Employer's contribution	to a defined	contribution	pension	51,798	55,460
Other employee benefits				9 180	11871
				2,150,028	2,071,680

2022	2021
No	No

						2022	2021
						f	f
Trustees'	remuneration	and	employer's	Nl	costs	87,418	88,044
Trustees'	expenses					5,903	25
						93,321	88,069

	2022	2021
	No	No
Raising Funds	9.3	5.5
Bars	83.1	58.5
Coffee Shop Entertainments	32.4 3.9	28.7 1.0
Student Shops	23.2	23.5
Student Services	34.0	23.9
Governance	0.5	0.5
Support Services	33.4	37.8
	219.8	179.4

	Office
	Equipment and	Specialist	Computer	Total
	Fixtures &	Equipment	Equipment
	Fittings
	f
Cost
At 1August 2021	978,831	75,464	85,428	1,139,723
Additions	22,239	2,581	21,352	46,172
Disposals
At 31July 2022	1,001,070	78,045	106,780	1,185,895
Depreciation
At 1August 2021	667,596	52,055	73,223	792,874
Charge for the year	108,369	8,621	11,837	128,827
Disposals
At 31July 2022	775,965	60,676	85,060	921,701
Net BookValue
At 31July 2022	225,105	17,369	21,720	264,194
At 31July 2021	311,235	23,409	12,205	346,849

For the		year	ended	31J	uly 2022
14Stock
							2022	2021
							f	f
Bars							19,052	13,460
Coffee	Shop						9,028	4,130
Shops							55,081	48,691
							83,161	66,281
15Debtors
							2022	2021
							f	f
Trade debtors							184,521	30,737
Other debtors							11,183	8,659
Prepayments			&accrued income				273,396	199,780
							469,100	239,176
16Current		Investments
							2022	2021
							f	f
Carrying		value	and market		value at beginning	ofyear	1,072,860	1,069,293
Additions		to investments			at cost		964,050	3,567
Disposals		at carrying		value			(972,860)
Carrying		value	and market		value at end ofyear		1,064,050	1,072,860
17Creditors: amounts				falling due within one		year
							2022	2021
							f	f
Trade creditors							84,592	40,361
Socia I Security			and other taxes				26,478	8,068
University		creditor					70,013	24,166
Other creditors							206,143	158,409
Pension	liability						188,991	176,487
Accruais		&deferred		income			107,474	158,175
							683,691	565,666

Creditor	s: amounts falling due after more than	one year
		2022	2021
		f	f
Pension	Liability	2,443,224	2,962,840
		2,443,224	2,962,840

r	elating to	future periods from pensio	n defi	cit	contr	ibutions	paid	in adv	anc	e.
											2022				2021
											f				f
	Balance brought forward										2,600				8,450
	Amounts	released from previous year									(2,600)			(5,850)
	Amounts	deferred during the year									842
	Balance	carried forward									842				2,600
20	Financial	Instruments
											2022				2021
											f				f
	Financial	assets measured at amortised cost									441,681			47,820
	Financial	assets measured at fair value									2,177,760			1,796,434
	Financial	liabilities measured at amortised		cost							(493,858)			(291,391)
	Financial	liabilities measured at fair	value	through		the
	Statement of Financial Activities									(2,632,215)			(3,323,648)
	Financial	assets held at amortised cost comprise trade debtors						and other		debtors	excluding	prepaid			costs.
	Financial	assets measured at fair value comprise short term investments								and cash at bank and			in hand.
	Financial	liabilities held at amortised	cost	comprise trade creditors, other						creditors and accruals.
	Financial	liabilities measured at fair	value	through		the Statement of Financial Activities comprise								the
	pension	deficit contribution liability.
	The charity's income, expense, gains and			losses in respect			offinancial		instruments		are:
											2022f				2021 f
	Total interest income for financial assets			held	at amortised		cost				6,994				8,392
	Total interest expense for financial		liabilities		held	at amortised		cost			4,104				1,083

						Transfer	Balance
			01-Aug	Movement	in Funds	Between	31-Jul
			2021	Income	Expenditure	Funds	2022
			f	f	f	f	f
Unrestricted funds:
General Fund			1,345,667	4,399,460	(3,664,037)	(222,656)	1,901,931
Pension Deficit			(3,139,327)	330,628		176,484	(2,632,215)
			(1,793,660)	4,730,088	(3,664,037)	(46,172)	(730,284)
Designated funds:
Fixed Asset Fund			346,849		(128,827)	46,172	264,194
Guild Strategic Development		Fund	50,000				50,000
Elizabeth Gidney	Fund		54,738				54,738
			451,587		(128,827)	46,172	36&,932
Restricted Funds;
Societies own income			214,618	9,842			224,460
NUS General Election Fund			4,191				4,191
			218,809	9,842			228,651
TOTAL FUNDS			(1,079,767)	4,739,930	(3,792,864)		(132,701)
						Transfer	Balance
			01-Aug	Movement	in Funds	Between	31-Jul
			2020 f	Income f	Expenditure f	Funds f	2021 f
Unrestricted funds;
General Fund			1,382,401	2,473,556	(2,564,156)	97,364	1,389,165
Pension Deficit			(3,323,648)	26,761		157,560	(3,139,327)
			(1,941,247)	2,500,317	(2,564,156)	254,924	(1,750,162)
Designated funds:
Fixed Asset Fund			396,187		(119,513)	70,175	346,849
Guild Strategic Development		Fund	50,000				50,000
Elizabeth Gidney	Fund		54,738				54,738
			500,295		(119,513)	70,175	451,587
Restricted Funds:
Societies own income			216,619		(2,001)		214,618
CJRS Funds				325,099		(325,099)
NUS General Election Fund			4,191				4,191
			220,810	325,099	(2,001)	(325,099)	218,809
TOTAL FUNDS			(1,219,512)	2,825,416	(2,685,670)		(1,079,766)

Analysis	of net Assets be	tween	funds —current	year
				General	Designated	Restricted	Total
				Funds	Funds	Funds
				f	f	f
Tangible	Fixed Assets				264,194		264,194
Cash S.short term investments				1,894,371	54,738	228,651	2,177,760
Other net current assets/(liabilities)				7,561	50,000		57,561
Defined	benefit pension	liability		(2,632,215)			(2,632,215)
				(730,283)	368,932	228,651	(132,700)
alysis of	net Assets between		funds —prior year
				General	Designated	Restricted	Total
				Funds	Funds	Funds
				f	f	f
Tangible	Fixed Assets				346,849		346,849
Cash 5short term investments				1,522,887	54,738	218,809	1,796,434
Other net current assets/(liabilities)				(177,220)	50,000		(127,220)
Defined	benefit pension	liability		(3,139,327)			(3,139,327)
				(1,793,660)	451,587	218,809	(1,123,264)

24 Reconciliation	ofnet income/(expenditure)	ofnet income/(expenditure)	ofnet income/(expenditure)	ofnet income/(expenditure)	net cash flow from
operating activities
						2022	2021
						f	f
Net movement	in funds					990,564	113,647
Add back depreciation			charge			128,827	119,513
(Increase)/decrease		in	stocks			(16,880)	11,850
(Increase)/decrease		in	debtors			(367,925)	138,603
Increase/(decrease)		in	creditors			200,024	(251,032)
Increase/(decrease)		in	deferred	benefit pension	liability	(507,112)	(184,321)
						427,498	(51,740)
Analysis ofcash	and cash		equivalents
						2022	2021
						f	f
Cash in hand						15,337	1,194
Current accounts						1,098,373	722,380
Deposit accounts						1,064,050	1,072,860
						2,177,760	1,796,434

Operating	Lease Commitments
		2022	2021
		f	f
Within one	year	359	1,046
Within two	to five years		359
After more	than five years
		359	1,580

		Unrest	ricted Funds
					2021
		General	Designated	Restricted
	Note	Funds	Funds	Funds	Tota I
Income from:
Donations and legacies	2	1,912,410			1,912,410
Charitable Activities	3	477,857			477,857
Other Trading Activities	4	74,898			74,898
Investments	5	8,392			8,392
Other Income	6			325,099	325,099
Pension Liability Gain	28	26,761			26,761
		2,500,318		325,099	2,825,417
Expenditure on:
Raising Funds		296,382	5,613		301,995
Charitable Activities		2,267,774	113,900	2,001	2,383,675
Total resources expended	7	2 564 156	119,513	2,001	2,685,670
Net Income/(expenditure)	8	(63,838)	(119,513)	323,097	139,747
Transfers between funds	22	254,924	70,175	(325,099)
Net Movement in Funds		191,086	(49,338)	(2,001)	139,747
Reconciliation offunds:
Total funds brought forward	30	(1,941,247)	500,925	220,810	(1,219,512)
Tota I funds carried forward	22	(1,750,161)	451,587	218,809	(1,079,765)