2021-07-31-accounts

		Page(s)
Reference and administration details		1-2
Report ofthe Trustee Board		3-15
Trustee responsibllltiea in relation to the financial statements		16
Independent	auditor's report	17 - 20
Consolidated	Statement of Financial Activities	21
Consolidated	snd Company Balance Sheets	22
Consolidated	Statement ofCash Flows	23
Accounting	policies	24-27
Notes to thh	financial statements	26-49

Trustee Board - as at 25	October 2021
						Appointed	Resigned
Mr Robert Smeath	Chair					23e Oct 17
Miss Tobiloba Adeyemi	Vice Chair —President			(Offfcer	across	15in Jul 19	16in Jul 21
	two financial	years	-	Postgraduate
	Officer in 2019/20)
Mr Wei-Lun Chen	International	Officer	(Officer		across	20'n Jul 20
	two financial years)
Miss Rebecca Cutler	Postgraduate	Officer				20e Jul 20	16aJul 21
Mr Robert Hegarty	Sports Officer					20e Jul 20	16eJul 21
Miss Charlotte Minter	Welfare &Community		Officer			20e Jul 20	16eJul 21
Miss Amia Raphael	Activities, & Employability			Officer		20e Jul 20	16eJul 21
Mr Jules Singh	Education Officer (Oificer across two					20e Jul 20
	financial years)
Miss Rosa Alaluf						2nn Jul 19	16'n Jul 21
Miss Sarah Arsy						11'nJan 21
Miss Henrietta Brealey Ms Erica Conway						10eSept 19 3eJul 18
Miss Mays Davey						7'n Sept 20	16eJul 21
Mr Johnny Davis						135May 19
Mr Thomas Goodman						13aJan 20
Miss Serabi Opiyo						19eJul 21
Mr lan Pain						Tin Sept 20
Mr Jake Poulton						19'n Jul 21
Mrs Emma Wedge						11eMay 20
Mr Lyndon Williams						11eJan 16
2021/22 (New)
Mr Michael Brown	Vice Chair —President					19eJul 21
Mr George Christian	Sports Officer					19eJul 21
Miss Josephine Conway	Activities & Employability			Officer		19eJul 21
Miss Danielle Murinas Miss Aaliyah Sirnms	Postgraduate Officer Welfare &Community		Officer			19in Jul 21 1'Jul 21

on a regular	on a regular	basi	s	.
Budgetary		and		internal		control		risks		are minimised by	the implementation of		procedures				for
authorisation		of	all transactions				and		projects. Procedures		are in place to ensure		compliance				with
health	and	safety		of staff,		volunteers,				and participants across all activities organised for					the Guild.
These	procedures			are	periodically			reviewed to ensure that			they continue to meet	the needs of the
Guild. The key risk areas identified								are:
Risk								Mitigating/Control Measures
Financial								~		Estimated increases	planned into long term	financial			forecast
SUSS	Pension		deficit		payment,			~		Cash-flow planning	to take advantage of advance				discount
significant		increases			in	future				offers as they fall due; where financially viable
years								~		Discussions with	University of Birmingham				regarding
										possible funding options in the future
Financial								~		Diversifying income	streams to reduce	reliance			on		one
A significant		reduction			in	trading				source of funding
income								~		Ongoing consultation	through a task & finish		group		with		the
										University as to the	Guild's finances and	grant		funding			in
										future.
								~		Reduced sales/contributions incorporated			into	five		year
										forecast for next two financial years, following					David-19
										lockdown.
								~		Annual value for money check is completed
Financial								~		Appointment of external VAT consultants			to defend				the
HMRC	challenge			regarding		grant				Guild's position on a	technical basis
funding								~		Include contingencies	in financial planning
								~		Ongoing consultation	through a task & finish		group		with		the
										University as to the	Guild's finances and	grant		funding			in
										future.

Operational												Guild and departmental contingency plans in place that are
Loss of any			aspect					of	Guild			regularly tested in conjunction with University Emergency
services due to			disaster									Planning Officer
												Continuation of Covid-19 Emergency Planning Group in
												place and risk assessment completed.
Reputational/Operational												Timely and relevant research is conducted on a regular basis
Guild is no	longer				perceived					as		to inform strategic and operational decisions
relevant to members and does not respond to changes in students lifes le and needs												Regular reports are reviewed by Trustees, including members' satisfaction and performance against key targets
Reputational												Regular training provided to key stakeholders regarding
Student led	groups/Officer								Team			responsibilities, press and PR and organisational processes
acting in such a harms the reputation						way that it ofthe Guild						Proactive support provided by staff team in dealing with media issues and other problems that arise.
and/or Universit
Operational												Training and support is provided for high risk areas by the
Health & safety			matters					across		a		Guild team
broad range		of			activities				and			High risk areas are scrutinised more thoroughly by the Guild
failure to		follow					approved					with effective support from University colleagues.
processes		such					as		risk			Implementation of 'COVID-19 Secure' operations from
assessments												August 2020 onwards, following guidance from Public Health
												England, HSE, and support from University Estates team.
Bre'xit											~	Insight and advice taken from trade and sector advisory
The unknown			implications						and			bodies. Review of service provision and supply chain
challenges arising				from			Brexit					undertaken by Management team. Limited plains for stockpiling of supplies due' to storage constraints. Rise in
												cost of goods would be passed on through price increases
												and menu's streamlined for affected period.
Covid-19												The Guild Emergency Management Group (GEMT) has
Responding	to	challenges						arising				continued to manage the Guild's handling of the majority of
from the pandemic												the government's COVID-19 restrictions, meeting on a
												weekly basis.
												Adopted a Covid 19 building risk assessment in line with
												University of Birmingham protocols.
												Reviewed the COVID risk assessment and moved to a
												revised approach from September 2021, with requirements
												on social distancing in office space and meeting rooms being
												removed, replaced with a new process for a 'hierarchy of
												controls' for all Guild activity, in line with the University's
												approach:
												With the removal of most legal restrictions on events, we
												have continued to plan for September 2021 welcome events
												and a 'back to normal' approach for activities and events as
												much as possible.
												Most core staff are working from the building several days
												each week in line with the building risk assessment.

												2019/20.
Full delivery					of	online processes						Comprehensive online committee elections, inductions and
for	joining,					supporting					and	training wes provided to society committee members and a
administering					Student Groups							transition to digital processing of events paperwork and financial
												documentation.
80%	satisfaction						of	events			&	91%of Joe's Sar customers were satisfied with their experience
activities												when surveyed
												More than 11,000 students made use of the Guild building
												between April —June 2021 following the relaxation of restrictions
20 outreach by students Reps				activities engaged in annually bY Hall								2631 students attended Hall Reps events in University accommodation and Sally Oak including picnics, mini-golf, a community barbecue, open air cinema and virtual events.
Develop outreach Guild to		a activity students				programme which takes					of the	2,252 Sally Oak welcome visits to students' houses were conducted by Community Wardens during Welcome Week 2020 and semester one.
Theme		2										Communication and Branding
Rebrand			delivered				—with		brand			The rebrand process was completed for roll-out in Welcome
guidelines			in	place								Week 2020, with brand guidelines delivered to Guild
												departmental staff in semester one and continuation of the roll-
												out throughout the year, when access to the building was
												possible.
Coinmunication						8	digital					Circa 3% increase in followers on all current social media
strategies			implemented									plafforms, and increases in web traffic over key Guild events
												such as Elections etc. There were more than 8,000 viewers for
												Guild Awards Online, and circa 15,000 viewers for Elections
												Results Night.
												The Guild also expanded onto the 'Tik Tok' social media
												plafform.
Deliver		engaging					and	impacfful				Steady growth of both central social media accounts and Officer
communications							that		clearly			team reach on comms channels.
focus	on		what		the		Guild	is, who
we are	and what					we do						A significant increase in video content produced, with informative
												updates, Officer interviews and events announcements via the
												refreshed Guild YouTube channel.
												10,218 engagements with 'Not On' Campaign social media
												content.
												38% open rate for Guild email communications to students,
												significantly higher than the University's statistics.
												Over 267,000 visits to the Guild's website, viewing more than
												2.7m pages.
												Virtual Freshers and Welcome Fairs held for the first time in
												Welcome 2020.en a in 6,938students over both events.
												Page 7

Theme 3				Academic and Learning Experience
Review the Guild's decision-				Democracy Review changes were implemented	in September
making structures		to ensure	all	2020 with newly formed 'decision making committees' now
students can get involved				successfully operating. A new 'Scrutiny Panel'	introduced to
				provide oversight and accountability for Officer Team work and
				three successful 'All Student Meetings' were held during the year.
Continue to ensure		expertise	in	Delivery of the sector leading 'Decolonisation	in Practice
academic policy		& lobby	the	Conference' with over 300 attendees from	across higher
University effectively			to	education (50% of which were UoB students).	This included
implement key		changes	in	three days of content with 18 different speakers	including case
response to student		feedback		studies, campaigns skills, theory and practice.
				An 'Access and Participation Plan' has been submitted to the
				Office for Students in partnership with the University.
80% satisfaction		with Student		Survey data indicates 83% of Student Rep System users were
Rep Scheme from	users			satisfied with the service.
Review the		Student		A Student Rep Review hss been completed and delivered in
Representation		Scheme	to	partnership with the University, with positive results in terms of
ensure that students' views			on	increased Rep satisfaction and diversity of Student	Reps.
their academic experience			are
represented effectively
Improve the		academic		Black Students rated the Guild more highly than White Students
experience of students studying				in the hiSS for the first time in recent years.
at Birmingham
				1,307 Student Reps were signed up, with	1,084 (83%)
				completing online training via Canvas.
				763 Outstanding Teaching Award nominations	were received
				from students, 442 more than in 2019-20.
Theme 4				Representing the Student Voice
Support Officers		to deliver	3	Two officer priority campaigns were delivered in	2020/21 (Black
Priority Campaigns				Voices 8 Climate Emergency),
2,500 students engaging with process		annually democratic		The Spring Elections generated 6,228 voters for 60 candidates (within the top 5 SU's nationwide during COVID-19 lockdown) in March 2021.38 'ideas' submitted in first year of new democratic
				structure.
Review and		refocus		Review of Year 1 of new democratic structure	is underway
representative and democratic				following roll-out of the new structures in September 2020. The
mechanisms to		ensure	any	first year of the new decision-making committees	and All Student
student can get involved				Meeting has been delivered successfully.
Deliver focused		campaigning		The Black Voices Priority Campaign delivered a strong
activity which	identifies		and	programme of events and lobbying activity with a	plan in place to
delivers priority based on students'		campaigns feedback		transition to the third year. A successful virtual Go Green Week series ofevents was delivered in February 2021.
					Page 8

Theme 5	Theme 5								Support (Mental Health snd Financial Assistance)	Support (Mental Health snd Financial Assistance)
80'/0 of Students			who say				the		91'/oofserviceuserswouldrecommendGuildAdvicetoafriend.
Guild is a place		I can			get useful
advice
Support students			in		University				Over 2,300 successful calls to students	staying in
accommodation		with			wellbeing				accommodation were made during periods of	lockdown and
and	housing								closure of campus.
									2,862 successful wellbeing phone calls were made to students
									having to self-isolate in University Accommodation	in semester
									one, and more than 14,000 wellbeing calls to	UoB students
									affected by COVID-19.
Have an intrinsic					culture		of		420 Students were supported with mentor's casework meetings,
support that ensures				the Guild is					signposting to University and NHS support services.
the	first point	of	contact				for
students needing					help		and		A "Match Up, Catch Up" scheme was launched to	help students
advice									find new housemates, with 1,423 students introduced to new
									housemates via Hell Reps events.
									900 remote study packs were delivered to accommodation during
									lockdowns.
									An expanded Guild Hardship 'Fund was rolled	out, providing
									grants to students in urgent ne'ed of financial assistance due to
									disruptions to housing and study from COVID-19.
									Circa 400 students made use of 'Sally Express' free night-time
									bus from March —June 2021,
									A further programme of activity was developed to	support those
									living in accommodation during the lockdown period including
									competitions, birthday celebrations as well as signposting to
									other activities happening virtually, and via wellbeing	calls.
Other Key Achievements (2020(21 Academic Year)
~	A Welcome Week 2020 Programme and 'Lakeside' in-person event delivered 2020, despite significant COVID restrictions.									in September
~	A NUS Green	Impact 'Excellent'							Award was achieved again, now accredited 'Excellent' for more
	than 5consecutive				years.
~	Times 100'Best		Companies'					—Top 100best companies to work for in the UK.
~	Transition to new			'Staff Savvy'				HR System has been completed.
~	An increase of BAME (Black,							Asian 8 Minority Ethnic) applicants to core staff roles		to 39.5'/o
~	A 20'/0 increase		in		the number				of SAME core staff employees within the organisation compared
	to 2019/20.
~	A minimal 0.2'/0		gender				pay	gap across the organisation, down from 3.2'/0 in 2019/20, with a
	significant negative				gender pay				gap within the core staff leam.
~	By making optimum use						of the		CJRS (furlough), the Guild were able to retain the	services and
	employment status				ofover 180				student staff during the year.
										Page 9

								Restated
			Note	Unrestricted	Designated	Restricted	Total	Total
				Funds	Funds	Funds	2021	2020
				8	5	2		F
INCOME
Donations			2	2,880,491		238,222	3,118,713	2,822,090
Income from charitable
activities			3	356,961	178,034	326,422	861,417	2,282,267
Income from other		trading
activities			4	60,483			60,463	139,504
Investment income			5	5,901			5,901	16,026
Other Income			6	357,753			357,753	218,885
TOTAL INCOME				3,661,589	178I034	564,644	4,404,267	5,478,772
EXPENDITURE
Expenditure on	raising funds		7	175,429			175,429	250,695
Expenditure on	charitable
activities			8	3,097,340	185,559	535,503	3,818,402	4,912,622
Pension Deficit	(credit)/charge		21	(11,159)			(11,159)	1,668,697
TOTAL EXPENDITURE				3,261,610	185,559	535,503	3,982,672	6,832,014
NET INCOME/
(EXPENDITURE)				399,979	(7,525)	29,141	421,595	(1,353,242)
Transfers between		funds	22-24	(12,863)	(8,833)	21,696
NET MOVEMENT		IN FUNDS		387,116	(16,358)	50,837	421,595	(1,353,242)
Reconciliation	of	Funds
Funds bought forward as				(4,062,357)	1,124,505	356,189	(2,581,663)	(1,278,268)
originally stated
Prior Year AdJustment				42,424		(267,172)	(224,748)	(174,901)
AdJusted funds	bought			(4,019,933)	1,124,505	89,017	(2,806,411)	(1,453,169)
forward
TOTAL FUNDS	CARRIED
FORWARD				(3,632,817)	1,108,147	139,854	(2,384,816)	(2,806,411)

					Group	Group	Guild	Guild
						Restated		Restated
				Note	2021 f	2020 6	2021 f	2020 6
FIXEDASSETS
Tangible assets				14	261,071	381,151	261,071	381,151
Investments				15			25,000	25,000
					261,071	381,151	286,071	406,151
CURRENT ASSETS
Stocks				16	16,680	39,069	16,680	39,069
Debtors				17	1,038,053	431,570	1,064,887	499,977
Investments				18	928,251	1,928,136	928,251	1,928,136
Cash at bank and	in hand				964,958	600,458	860,819	442,408
					2,947,942	2,999,233	2,870,637	2,909,590
CREDITORS: Amounts		falling	due
within one year				19	(824,396)	(1,128,479)	(821,236)	(1,114,869)
NET CURRENT ASSETS					2,123,546	1,870,754	2,049,401	1,794,721
Provisions for	Liabilities:		BUSS	21	(4,769,433)	(5,058,316)	(4,769,433)	(5,058,316)
Pension Deficit
NET LIABILITIES				25	(2,384,816)	(2,806,411)	(2,433,961)	(2,857,444)
FUNDS
Restricted funds				23	139,854	89,017	139,854	89,017
Unrestricted - General				22	1,414,340	1,281,681	1,365,195	1,230,648
Unrestricted - Pension				21/22	(5,047,157)	(5,301,614)	(5,047,157)	(5,301,614)
Designated				24	1,108,147	1,124,505	1,108,147	1,124,505
					(2,384,816)	(2,806,411)	(2,433,961)	(2,857,444)

										2021	2020
										6	6
Net cash (used in)/generated	from		operating			activities				(621,684)	82,391
Cash flows from investing	activities
Interest received										5,901	16,026
Purchase oftangible fixed assets										(19,602)	(194,243)
Net cash used In Investing	activities									(13,701)	(178,217)
Net (decrsase) In cash 8 cash		equivalents				in the year				(835,385)	(95,826)
Cash &cash equivalent at the beginning				of		the	year			2,528,594	2,624,420
Total cash 8 cash equivalents		at the end				of	the year			1,893,269	2,528,594
Reconciliation of net movement			In funds		(operating			surplus)	to net		Restated
cash generated from/(used	in)	operating			activities					2021	2020
											6
Operating Surplus/(Deficit)										421,595	(1,353,242)
Depreciation										139,682	207,505
Interest received										(5,901)	(16,026)
Decrease/(Increase) in stocks										22,389	(4,313)
(Increase)/Decrease in debtors										(606,483)	53,132
(Decrease)/Increase in creditors		&pension			liability provision					(592,966)	1,195,335
Net cash (used in)/generated	from operating						activities			(621,684)	82,391
Analysis ofchanges In net	funds								At 1 August		At 31 July
									2020	Cash flow	2021
										6	6
Short term investment									1,928,136	(999,885)	928,251
Cash in hand and at bank									600,458	364,500	964,958
									2,528,594	(635,385)	1,893,209

						Restated
		Note	Unrestricted	Designated	Restricted	Total
			Funds f	Funds 5	Funds E	2020
INCOME
Donations		2	2,562,105		259,985	2,822,090
Income from charitable
activities '		3	1,262,480	704,578	315,209	2,282,267
Income from other	trading
activities		4	139,504	~	-	139,504
Investment income		5	16,026			16,026
Other Income		6	218,885			218,885
TOTAL INCOME			4,199,000	704,578	575,194	5,478,772
EXPENDITURE
Expenditure on raising funds		7	250,695			250,695
Expenditure on charitable		8
activities			3,654,067	611,867	646,688	4,912,622
Pension Deficit charges			1.668,697			1,668,697
TOTAL EXPENDITURE			5,573,459	611,867	646,688	6,832,014
NET INCOMEI
(EXPENDITURE)			(1,374,459)	92,711	(71,494)	(1,353,242)
Transfers between	funds		12,509	(92,496)	79,987
NET MOVEMENT	IN FUNDS		(1,361,950)	215	8,493	(1,353,242)

								Restated
2	DONATIONS			Unrestricted	Designated	Restricted	Total	Total
				Funds f	Funds f	Fundsf	2021	2020f
	Grants receivable
	University
	- Block grant			2,568,142		3,672	2,571,814	2,294,810
	-Other			312,349			312,349	275,178
	- Hall Reps					234,550	234,550	252,102
				2,880,491		238,222	3,118,713	2,822,090
								Restated
3	INCOME FROM			Unrestricted	Designated	Restricted	Total	Total
	CHARITABLE ACTIVITIES			Funds f	Funds	Funds	2021 f	2020 f
	Student Representation			2,228			2,228
	Student Advice,	Support 8
	Community					326,422	326,422	304,114
	Student Development		&
	Employability (Incl. Student			50	178,034		178,084	717,751
	Groups)
	Charitable Trading			354,683			354,683	1,260,402
				356,961	178,034	326,422	861,417	2,282,267
4	INCOME FROM OTHER			Unrestricted	Designated	Restricted	Total	Total
	TRADING ACTIVITIES			Funds f	Funds f	Funds 6	2021 f	2020 f
	External trading	income		60,483			60,483	139,504
				60,483			60,483	139,504

5	INVESTMENT INCOME	INVESTMENT INCOME	Unrestricted	Designated	Restricted	Total	Total
			Funds	Funds f	Funds f	2021	2020 f
	Bank interest receivable		5,901			5,901	16,026
6	OTHER INCOME		Unrestricted	Designated	Restncted	Total	Total
			Funds	Fundsf	Funds f.	2021f	2020f
	CJRS Government	Grant	307,753			307,753	218,885
	Insurance Claim		50,000			50,000
			357,753			357,753	218,885

7	EXPENDITURE ON	Unrestricted	Designated	Restricted	Total	Total
	RAISING FUNDS	Funds f	Funds f	Fundsf	2021	2020f
	External trading costs	48,315			48,315	79,993
		48,315			48,315	79,993
	Support Costs (Note 9)	127,114			127,114	170,702
		175,429			175,429	250,695

							Restated
8	EXPENDITURE ON		Unrestricted	Designated	Restricted	Total	Total
	CHARITABLE ACTIVITIES		Funds f	Funds	Funds 6	2021 F,	2020 f
	Student Representation:
	Direct costs
	Officer Team		214,400			214,400	234,894
	Student Voice		179,246			179,246	185,409
	Support costs (note 9)		284,790			284,790	287,025
			678,436			678,436	707,328
	Student Advice, Support
	&Community:
	Direct costs
	Advice		88,672			88,672	98,701
	Not On Ambassadors		5,107			5,107	14,120
	Mentor Scheme				170,696	170,696	224,527
	Community Wardens				81,976	81,976	66,475
	Vale Fireworks						23,395
	Support costs (note 9)		166,180		49,683	215,863	211,525
			259,959		302,355	562,314	638,743
	Student Development	&
	Employability:
	Direct costs
	Student Groups Dept, Hall
	Reps &Student Groups		261,330	185,559	177,778	624,667	1,066,515
	Job, Skills &Volunteering	&
	Medsoc Support		28,319			28,319	168,925
	Support costs (note 9)		586,309		55,370	641,679	705,895
			875,958	185,559	233,148	1,294,665	1,941,335
	Charitable trading:
	Direct costs		773,869			773,869	1,090,679
	Support costs (note 9)		352,594			352,594	384,769
			1,126,463			1,126,463	1,475,446

							Restated
8	EXPENDITURE ON		Unrestricted	Designated	Restricted	Total	Total
	CHARITABLE		Funds	Funds	Funds	2021	2020
	ACTIVITIES —RESTATED		f	6	6	E	6
	(CONTINUED)
	Governance Costs
	Audit Fees		10,650			10,650	10,350
	Legal/Professional	Fees	5,929			5,929	4,044
	Other direct costs		7,675			7,675	7,657
	Support costs (note	9)	132,270			132,270	127,717
			156,524			156,524	149,766
	Total Expenditure	on
	Charitable Activities		3,097,340	185,559	535,503	3,818,402	4,912,622

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Officers totalled 5156.7k in 2020/21 compared to 615 follows:	3.7k in 2019/20. The brea	kdown is a
	2021 6	2020f
Sabbatical Officers - Trustee status
Gross salary payments Employers pension costs	153,959 2,716	151,735 2,014
Total Sabbatical Officer Remuneration	156,675	153,749

The trustee status	ofthe Sabbatical	Officer teams has varied	in	recent years as follows. '	recent years as follows. '
					Non-
				Trustee	Trustee
2016/17 Sabbatical	Officer Team			7	1
2017/18 Sabbatical	Officer Team			7	1
2018/19 Sabbatical	Officer Team			6	1
2019/20 Sabbatical	Officer Team			7
2020/21 Sabbatical	Officer Team			7
2021/22 Sabbatical	Officer Team			7

12	STAFF COSTS									2021	2020
										Number	Number
	The average weekly number				of persons	employed,		excluding
	the Officer Team	and Trustee Board shown					in notes (9)		and
	(10),during the year was			as	follows:
	Permanent Staff	(average		/ full time equivalent)						69/65	73/69
	Student Staff (average		/ full time equivalent)							182 / 22	230 / 36
										251 / 87	303 / 105
										2021	2020
										8	8
	The aggregate	payroll		costs of these		persons		were	as
	follows:
	Wages &Salaries									2,077,704	2,418,580
	Social security costs									161,429	162,786
	Pension costs —contributions				within year					66,243	66,968
	Pension costs —deficit		(credit)/charges							(11,159)	1,668,697
										2,294,217	4,317,031
											Page 35

'The following number	of employees	received	remuneration	2021	2020
above 660,000 within	the year:			Number	Number
660,000 - 669,999
670,000 - 679,999
680,000 - 689,999
890,000 - f99,999

NET MOVEMENT	IN FUNDS	2021	2020
		8	6
Is stated after charging:
Auditors remuneration:
-audit services		10,650	10,350
-other services		3,080	2,955
		13,730	13,305
Depreciation:
-owned assets		139,682	207,505
Operating lease rentals:
- plant and machinery		5,071	9,470
- land and buildings		133,445	133,445
		138,516	142,915

For	the year ended 31 July 2021
14	TANGIBLE FIXEDASSETS	Central
		Building
		Refurbs	Equipment	Total
	GROUP & GUILD	6		6
	Cost:
	At 1 August 2020	2,628,698	1,657,070	4,285,768
	Additions		19,602	19,602
	Disposals
	At 31 July 2021	2,628,698	1,6'76,672	4,305,370
	Depreciation:
	At 1 August 2020	2,351,839	1,552,778	3,904,617
	Charge for the year	90,967	48,715	139,682
	Disposals
	At 31 July 2021	2,442,806	1,601,493	4,044,299
	Net book value;
	At 31 July 2021	185,892	75,179	261,071
	At 31 July 2020	276,859	104,292	381,151

TG THE FINANCIAL STATEMENT year ended 31 July 2021	S
INVESTMENTS	Group	Guild
		5
Cost:
At 1 August 2020		25,000
At 31 July 2021		25,000
Net book value:
At 1 August 2020		25,000
At 31 July 2021		25,000

UNLISTED INVESTMENTS	Unlisted	investment in
	investments	subsidiary	Total
	5	B	2
Cost
At 1 August 2020		25,000	25,000
At 31 July 2021		25,000	25,000
Net book value
At 1 August 2020		25,000	25,000
At 31 July 2021		25,000	25,000

The resu	lts and assets of Guild	Services Limited	are as
follows:			2021	2020
			6
Turnover			60,483	139,504
Operating	(loss)/proeit		(1,888)	16,557
Interest receivable
Taxation
Donation	under Gift aid distribution			(16,569)
(Loss for	the year)		(1,888)	(12)
Net current assets and shareholders'		funds	74,145	76,033

17				Group		Guild
	DEBTORS:Amounts falling due after more than one			2021f	2020 f.	2021 f	2020
	year
	Prepayments (General)			20,827	57	20,827	57
				20,827	57	20,827	57
				Group		Guild
					Restated		Restated
	DEBTORS:Amounts due within one year	falling		2021f	2020'f	2021f	2020
	Trade debtors			305,786	44,396	284,416	13,153
	Other debtors			48,963	7,164	48,963	7,164
	Owed by subsid. undertakings					48,204	99,650
	Prepayments (General)			206,112	172,842	206,112	172,842
	Accrued Income			456,365	207,111	456,365	207,111
				1,017,226	431,513	1,044,060	499,920
				1,038,053	431,570	1,064,887	499,977
18	SHORT TERM INVESTMENTS			Group		Guild
				2021 f	2020 f	2021 f	2020 f
	Money Market/Deposit	Investments		928,251	1,928,136	928,251	1,928,136

19	CREDITORS: A	CREDITORS: A	moun	ts falling
	due within one		year			Group		Guild
							Restated		Restated
						2021	2020	2021	2020
						6	6	8
	Trade creditors					225,524	218,738	225,384	218,598
	Other taxation	&	social	security		39,961	39,125	39,961	39,125
	Custodian Funds		held	on behalf	of
	AU/University	Sports Groups				57,216	55,321	57,216	55,321
	Other Creditors					21,121	387,263	21,121	387,263
	Accruals					191,041	172,918	188,021	170,048
	Deferred Income					11,809	11,616	11,809	1,216
	SUSS Pension	Deficit				277,724	243,298	277,724	243,298
						824,396	1,128,479	821,236	1,114,869
20	DEFERRED INCOME					Group		Guild
						2021f	2020 6	2021 6	2020 F
	At 1 August 2020					11,816	18,494	1,216	17,498
	Additions					11,809	11,816	11,809	1,216
	Released					(11,816)	(18,494)	(1,216)	(17,498)
	At 31 July 2021					11,809	11,816	11,809	1,216

21	PROVISION FOR LIABILITIES; BUSS PENSION DEFICIT	PROVISION FOR LIABILITIES; BUSS PENSION DEFICIT	PROVISION FOR LIABILITIES; BUSS PENSION DEFICIT	2021f	2020f
	Balance bought forward			5,301,614	3,864,631
	Deficit contributions paid			(243,298)	(231,714)
	Unwinding of discount factor/interest
	(based upon prior year rate)			55,947	68,130
	Adjustment arising from	actuarial
	revaluation in year				1,292,444
	(Surplus)/Deficit adjustment		arising
	from change to discount		factor	(67,106)	308,123
	assumption
	Total Balance carried forward			5,047,157	5,301,614
	Creditors —Amounts falling	due	within
	one year (see note 19)			277,724	243,298
	Provisions for liabilities			4,769,433	5,058,316
				5,047,157	5,301,614

DESIGNATED	FUNDS		1 August				31 July
(For Group &Guild)			2020 F	Incomef	Expendituref	Transfersf	2021f
IT Infrastructure			119,850			(8,833)	111,017
Building Refurbishment		2	550,000				550,000
Student Groups	(Societies,		454,655	178,034	(185,559)		447,130
Guild Sports	Clubs	&
Medsoc)
			1,124,505	178,034	(185,559)	(8,833)	1,108,147

For t	he year ended 31 July 2	021
25	ANALYSIS.OF NET	Fixed		Provision
	LIABILITIES (2020/21)	assets and	Net current	for pension	Net
		investments 5	assetsf	liabilitiesf	liabilities 6
	Charity
	Restricted funds	6,467	133,387		139,854
	Designated funds	7,307	1,100,840		1,108,147
	General funds
	- UoB Guild of Students	272,297	1,092,898		1,365,195
	- UoB Guild —Pension		(277,724)	(4,769,433)	(5,047,157)
	For Charity	286,071	2,049,401	(4,769,433)	(2,433,961)
	Group
	Restricted funds	6,467	133,387		139,854
	Designated funds	7,307	1,100,840		1,108,147
	Generalfunds
	- UoB Guild ofStudents	247,297	1,092,898		1,340,195
	- UoB Guild —Pension		(277,724)	(4,769,433)	(5,047,157)
	- Subsidiary undertaking(s)		74,145		74,145
	For Group	261,071	2,123,546	(4,769,433)	(2,384,816)
	The restated comparative	figures for the previous	financial year	are as follows:
	ANALYSIS OF NET	Fixed		Provision
	LIABILITIES (2019/20) ~	assets and	Net current	for pension	Net
	RESTATED	investments 6	assetsf	liabilities 6	liabilities 6
	Charity Restricted funds	5,179	83,838		89,017
	Designated funds	4,824	1,119,681		1,124,505
	General funds
	- UoB Guild of Students	396,148	834,500		1,230,648
	- UoB Guild —Pension		(243,298)	(5,058,316)	(5,301,614)
	For Charity	406,151	1,794,721	(5,058,316)	(2,857,444)

S TO THE FINANCIAL ST year ended 31 July 2021	ATEMENTS
ANALYSIS OF NET	Fixed		Provision
LIABILITIES (2019/20)—	assets and	Net current	for pension	Net
RESTATED Continued	investmentsf	assetsf	liabilitiesf	liabilities 6
Group
Restricted funds	5,179	83,838		89,017
Designated funds	4,824	1,119,681		1,124,505
General funds
- UoB Guild ofStudents	371,148	834,500		1,205,648
- UoB Guild —Pension		(243,298)	(5,058,316)	(5,301,614)
- Subsidiary undertaking(s)		76,033		76,033
For Group	381,151	1,870,754	(5,058,316)	(2,806,411)

	equipment operating lease	equipment operating lease	s (minimum lease paymen	ts) as set out below:
	Land &Buildings Lease		which expire:	2021f	2020 8
	Within	1 year		133,445	133,445
	Within	2 —5years		266,890	266,889
	Over 5	years
				400,335	400,334
	Operating leases which expire:
	Within	1 year		9,673	9,462
	Within	2 —5years		13,436	20,728
	Over 5	years
				23,109	30,190
29	CAPITAL	COMMITMENTS
				2021f	2020 6
	Contracted	but not provided	for	36,333	15,978

listed in accor	dance with t	he	requirements	ofthe Educatio	n Act 1994.
					2021 6	2020f
Advice UK Limited					258	100
NUS Services	Limited				380	380
National Union	of Students				37,500	60,000
National Centre for Voluntary			Organisations	- Free
TESGlobal					1,120	75
Subscriptions	& Affiliations	of	Et75or less		294	441
					39,552	60,996