| Page | |
|---|---|
| Administrative Information | 2 - 3 |
| Trustee& Annual Report | 4 - 40 |
| Independent Auditors Report | 41 - 44 |
| Consolidated Statement of Financial Activities | 45 |
| Consolidated Balance Sheet | 46 |
| Charity Balance Sheet | 47 |
| Consolidated Cashflow Statement | 48 |
| Notes to the Financial Statements | 49 - 64 |
UNIVERsrrY OF ESSEX STUDEKfs' UNION ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 Jul 2022 YI HAlkMI THI-S.IS T ERS,ITY EX- STUDENTS, IRU;STEE"-" EP 2021-22* Page 4
| much is really someth and be proud of! |
ing to |
|---|---|
| Comparison overthe | years: |
| F 2019 2020 2021 2604 2432 1758 |
2022 3146 |
| Col. | Sou. | Lou. | Total | |
|---|---|---|---|---|
| Appts. Held |
1155 | 168 | 2 | 1325 (1144) |
| July 2022 | ||||
|---|---|---|---|---|
| Zoom | N/A | N/A | N/A | 99 |
| Drop-ins | (125) | |||
| Physical drop-ins |
1081 | 24 | N/A | 1105 (203) |
| Emails Received |
1357 4 |
1500 | 31 | 15105 (10962) |
| Online enquiry forms |
72 | N/A | N/A | 72 |
| Type of enquiry | Number of |
|---|---|
| appointments | |
| Academic Offences | 598 (482) |
| Student Conduct Immigration OtherAcademic Issues |
245 (506) 162 (89) 92 (72) |
| Housing Financial Exam Board Appeals and Results options Welfare/Fitness to Study |
19 (23) 38 (10) 59 (34) 46 (31) |
| Fitness to Practise | 53 (15) |
| University/OIA | 13 (34) |
| complaints | |
| PhD Progress Issues | 5 (3) |
| Consumer | 2 (1) |
| Employment Issues | 3 (1) |
| TOTAL* | 1335 (1301) |
Crowe
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF UNIVERSITY OF ESSEX STUDENTS' UNION (CONTINUED)
We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Crowe U.K. LLP
Statutory Auditor
Aquis House
49-51 Blagrave St
Reading
Date 8 December 2022
Crowe U.K. LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
Page44
UNIVERSITY OF ESSEX STUDENTS' UNION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR (Including income and expenditure account)
| Income and endowments from: Donations and Grants: - Donations, Universit Grant, etc. - Grant of sericed accommodation - CJRS furlough grant income Other trading activities: - Adverising and media - Investment income Charitable activities for students: - Bars, venues and enterainment - Shops and vending - Catering - Societies & clubs - Letings Other Income Total Income Ependiture on: Costs of raising funds: - Finance costs Charitable activities for students: - Representation and campaigns - Advice centre - Student activities and volunteering - Clubs and societies - Bars, ventures and enterainments - Catering - Shops and vending - Letings Total expenditure Net (expenditure)/ Income Transfers beteen funds: Capital grant amorisation and impairment Net movement in funds Fund balances brought forard Fund balances carried forard Note Unrestricted Restricted 2c) 47 14 Income Income 2,270,545 319,632 429,175 18,078 20,435 21 2,151,907 1,836,340 369,658 6,871 138,169 240,783 58,886 7,402,699 ~~457,801~~ 3,331 1,364,377 275,502 225,654 313,717 2,690,457 454,865 2,255,922 359,539 Z 943,364 (540,665) 118,122 (422,543) 15,541 ~~(407,002)~~ 8,980 56,773 405,023 ~~470,776~~ (12,975) (12,975) 387,337 374.362 |
Capital Grants (118,122) (118,122) 290,05 12 283 |
Total 2022 £ 2,590,177 429,175 18,078 20,435 21 2,151,907 1,836,340 369,658 145,04 240,783 58,886 7,860,500 3,331 1,364,377 284,482 282,427 718,740 2,690,457 454,865 2,255,922 359,539 8,414.140 (553,640) (553,640) 693,283 ~~139,64~~ Total 2021 £ 2,633,016 427,700 715,077 11,593 243,932 555,040 53,599 20,930 319,891 101,412 5082,190 8,174 1,193,108 238,731 334,056 301,606 948,520 393,889 1,128,247 442,837 4,989,168 93,022 93,002 600,261 693283 |
Total 2022 £ 2,590,177 429,175 18,078 20,435 21 2,151,907 1,836,340 369,658 145,04 240,783 58,886 7,860,500 3,331 1,364,377 284,482 282,427 718,740 2,690,457 454,865 2,255,922 359,539 8,414.140 (553,640) (553,640) 693,283 ~~139,64~~ Total 2021 £ 2,633,016 427,700 715,077 11,593 243,932 555,040 53,599 20,930 319,891 101,412 5082,190 8,174 1,193,108 238,731 334,056 301,606 948,520 393,889 1,128,247 442,837 4,989,168 93,022 93,002 600,261 693283 |
Total 2022 £ 2,590,177 429,175 18,078 20,435 21 2,151,907 1,836,340 369,658 145,04 240,783 58,886 7,860,500 3,331 1,364,377 284,482 282,427 718,740 2,690,457 454,865 2,255,922 359,539 8,414.140 (553,640) (553,640) 693,283 ~~139,64~~ Total 2021 £ 2,633,016 427,700 715,077 11,593 243,932 555,040 53,599 20,930 319,891 101,412 5082,190 8,174 1,193,108 238,731 334,056 301,606 948,520 393,889 1,128,247 442,837 4,989,168 93,022 93,002 600,261 693283 |
|---|---|---|---|---|
| 93,022 93,002 600,261 693283 |
All of the above results are derived from continuing activities.
The notes on pages 49 to 64 form part of these financial statements
Page 45
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Notes | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 8 | 369,210 | 261,566 | |||
| Investments | - | - | ||||
| 369,210 | 261,566 | |||||
| Current assets | ||||||
| Stocks in bars, shops & other outlets | 11 | 159,538 | 129,648 | |||
| Debtors & prepayments | 12 | 220,215 | 133,916 | |||
| Cash at bank & in hand | 1,729.535 | 1,586,896 | ||||
| 2,109,288 | 1,850,460 | |||||
| Current liabilities | ||||||
| Creditors: Amounts due within one year | 13 | (1,326.520) | (879,732) | |||
| Net currentassets | 782,768 | 970,728 | ||||
| Net assets excluding pension liability | 1,151,978 | 1,232,294 | ||||
| Defined Benefit pension scheme liability | (1,012,335) | (539,011) | ||||
| Total net assets | 139.643 | 693,283 | ||||
| Representing CharitableFunds: | ||||||
| Capital Grants Fund | ||||||
| University Grant for Refurbishment | 14 | 172,283 | 290,405 | |||
| Restricted Income Funds | 15 | 374,362 | 387,337 | |||
| Unrestricted Income Funds | 16 | (407,002) | 15,541 | |||
| T,.4I I wbaI I LI I ILIC |
‘17 I I |
I’fl I .s. . a,.,, |
‘)O’) j,,,, L.J%) |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Notes | |||||
| Fixed assets | |||||
| Tangible fixed assets | 8 | 369,210 | 261,566 | ||
| Investments | 9 | 3 | 3 | ||
| 369,213 | 261,569 | ||||
| Debtors: Amounts falling due after one | 10 | ||||
| year | 47,500 | ||||
| Current assets | |||||
| Stocks in bars, shops & other outlets | 11 | 117,568 | 129,648 | ||
| Debtors & prepayments | 12 | 601,297 | 225,151 | ||
| Cash at bank & in hand | 1,303,641 | 1,343,882 | |||
| 2,022,506 | 1,698,681 | ||||
| Current liabilities | |||||
| Creditors: Amounts due within one year | 13 | (1,208,657) | (750,713) | ||
| Net currentassets | 813,849 | 947,968 | |||
| Netassetsexcluding pension scheme | 1,183,062 | 1,257,037 | |||
| liability | |||||
| Defined Benefit pension scheme liability | (1,012.335) | (539,011) | |||
| Total net assets | 170.727 | 718.026 | |||
| Representing Charitable Funds: - | |||||
| Capital Grants Fund | |||||
| University Grant for Refurbishment | 14 | 172,283 | 290,405 | ||
| Restricted Income Funds | 15 | 374,362 | 387,337 | ||
| Unrestricted Income Funds | 16 | (375,918) | 40,284 | ||
| Total Funds | 17 | 170,727 | 718.026 |
| CONSOLIDATED STATEMENT | OF CASHFLO | WS | |
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Cash flows from operating activities: | |||
| Net (outgoing)/incoming resources | (553,640) | 93,022 | |
| Interest receivable | (21) | - | |
| Interest payable | 3,331 | 8,174 | |
| Capital grant movement | - | (160,000) | |
| Depreciation | 102,929 | 126,101 | |
| Impairment | 74,984 | - | |
| (Increase)!decrease in stock | (29,890) | 77,431 | |
| (Increase)? decrease in debtors | (86,299) | 90,760 | |
| Increase!(decrease) in pension liability | 473,324 | (27,710) | |
| Increase in creditors | 446,788 | 45.297 | |
| Net cash provided by operating activities | 431,506 | 253,075 | |
| Cash flows from investing activities | |||
| Interest receivable | 21 | - | |
| Interest payable | (3,331) | (8,174) | |
| Capital grants received | - | 160,000 | |
| Purchase of tangible fixed assets | (285,557) | (22,753) | |
| Net cash (used in)/ provided by investing activities | (288,867) | 129,073 | |
| Cash flows from financing activities | |||
| Finance leases repayments | (659) | ||
| Finance lease interest | - | ||
| Net cash (used in) financing activities | (659) | ||
| Change in cash and cash equivalents in the year | 142,639 | 381,489 | |
| Cash and cash equivalents at the beginning ofthe year | 1,586,896 | 1,205,407 | |
| Total cash and cash equivalentsatthe end ofthe year | £ | 1.729.535 | £ 1.586.896 |
| Analysis ofcash and cash equivalents: | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Cash at Bank | 1.729.535 | 1.586.896 | |
| Analysis of Net Funds | |||
| At the Start | Cashflows | At the end | |
| of the year | ofthe year | ||
| Cash | 1.586,896 | 142,639 | 1,729,535 |
| 1.586.896 | 142.639 | 1,729.535 |
| Cost of | Staff | Rent & | |||
|---|---|---|---|---|---|
| Sales | Costs | Premises | Other Costs | Total | |
| £ | £ | £ | £ | £ | |
| Finance costs | - | - | - | 3,331 | 3,331 |
| Charitable activities | |||||
| - Representation and | - | 1,041,300 | 115,167 | 207,910 | 1,364,377 |
| Campaigns | |||||
| - Advice centre | - | 232,682 | 23,255 | 19,565 | 275,502 |
| - Student activities and | - | 150,144 | 45,528 | 29,982 | 225,654 |
| Volunteering | |||||
| - Clubs and societies | - | 257,892 | - | 55,825 | 313,717 |
| - Bars, venues and | 757,699 | 1,237,986 | 160,468 | 534,304 | 2,690,457 |
| Entertainments | |||||
| -Catering | 152,397 | 218,524 | 25,793 | 58,151 | 454,865 |
| - Shops and vending | 1,240,417 | 716,717 | 92,692 | 206,096 | 2,255,922 |
| - Lettings | - | 259,256 | 29,322 | 70,961 | 359,539 |
| Restricted Funds | - | 48312 | - | 422,464 | 470,776 |
| Total costs | 2.150.513 | 4.162.813 | 492.225 | 1.608.589 | 8.414.140 |
| Prior Year - 2021 | Cost ofSales | Staff | Rent & | ||
| Costs | Premises | Other Costs | Total | ||
| £ | £ | £ | £ | £ | |
| Finance costs | - | - | - | 8,174 | 8,174 |
| Charitable activities | |||||
| - Representation and | - | 965,388 | 138,766 | 88,954 | 1,193,108 |
| Campaigns | |||||
| -Advice centre | - | 188,118 | 26,902 | 16,284 | 231,304 |
| - Student activities and | 83,139 | 36,405 | 18,507 | 138,051 | |
| Volunteering | |||||
| - Clubs and societies | - | 168,730 | - | 6,233 | 174,963 |
| - Bars, venues and | 84,193 | 569,065 | 91,400 | 203,862 | 948,520 |
| Entertainments | |||||
| -Catering | 37,708 | 246,986 | 36,940 | 72,255 | 393,889 |
| -Shops and vending | 384,087 | 521,262 | 79,399 | 143,499 | 1,128,247 |
| -Lettings | - | 316,188 | 45,503 | 81,146 | 442,837 |
| Restricted Funds | 114,856 | - | 215,219 | 330,075 | |
| Totalcosts | 505.988 | 3.173.732 | 455.315 | 854.133 | 4.989.168 |
| . Central Overhead Costs included |
in Note 4 | |||
|---|---|---|---|---|
| Rent & | ||||
| Staff | Premises | Other | Total | |
| £ | £ | £ | £ | |
| Charitable activities | ||||
| - Representation and campaigns | 379,799 | 115,167 | 75,842 | 570,808 |
| -Advicecentre | 76,691 | 23,255 | 15,314 | 115,260 |
| - Student activities and volunteering | 150,144 | 45,528 | 29,982 | 225,654 |
| - Clubs and societies | ||||
| - Bars, ventures and entertainments | 568,386 | 157,627 | 123,851 | 849,864 |
| - Catering | 88,950 | 24,668 | 19,382 | 133,000 |
| - Shops and vending | 298,640 | 82,820 | 65,074 | 446,534 |
| - Lettings | 105,733 | 29,322 | 23,039 | 158094 |
| Totals | 1,668,343 | 478.387 | 352,484 | 2.499.214 |
| Prior Year - 2021 | Rent & | |||
|---|---|---|---|---|
| Staff | Premises | Other | Total | |
| £ | £ | £ | £ | |
| Charitable activities | ||||
| - Representation and campaigns | 316,898 | 138,766 | 70,542 | 526,206 |
| -Advice centre | 61,436 | 26,902 | 13,676 | 102,014 |
| - Student activities and volunteering | 83,139 | 36,405 | 18,507 | 138,051 |
| - Clubs andsocieties | - | - | - | - |
| - Bars, ventures and entertainments | 262,232 | 88,813 | 86,447 | 437,492 |
| - Catering | 108,063 | 36,599 | 35,624 | 180,286 |
| -Shops and vending | 225,774 | 76,466 | 74,428 | 376,668 |
| - Lettings | 134,354 | 45,503 | 44,292 | 224, 149 |
| Totals | 1,191,896 | 449.454 | 343.514 | 1.984.866 |
| StaffCosts | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Wages and salaries | 3,144,952 | 2,689,323 |
| Social security | 235,298 | 225,799 |
| Pension costs | 762,186 | 256,261 |
| Other staff costs | 20,377 | 2.347 |
| 4.162.813 | 3.173.732 | |
| The number of employees whose emoluments exceeded £60,000 was: | ||
| 2022 | 2021 | |
| No. | No. | |
| £60,000 - £70,000 |
3 | 3 |
| £70,000-f80,000 | I | I |
| £90,000 - £100,000 |
||
| The average staffing was as follows: | ||
| Full time | 92 | 100 |
| Students — term time only |
168 | 25 |
| Students — out of term |
31 | 9 |
| The staffing by FTE was as follows: | ||
| Full time | 83 | 90 |
| Students — term time only |
57 | 10 |
| orised in the Union’s governing | document: |
|---|---|
| Olivia Matthews | £18,418 |
| Callum Broadbent | £20,092 |
| Hannah Akhalu | £10,137 |
| Isabella Ciuta | £18,418 |
| Nashwa Alsakka | £20,092 |
| Dorothy Akuamoa | £20,092 |
| Samira Monteleone | £19,205 |
| Pak Sun Wong | £1,674 |
| Olamide Adekanbi | £1,674 |
| Ashahar Soomro | £957 |
| Kwabena Agyemang | £1,674 |
| 8. | Tangible Fix | ed Assets — Gro |
up a | nd Charity | |||
|---|---|---|---|---|---|---|---|
| Fixtures, | |||||||
| Building | fittings and | ||||||
| Refurbishment | equipment | Total | |||||
| £ | £ | £ | |||||
| Cost | |||||||
| At 1 August | 2021 | 891,934 | 576,538 | 1,468,472 | |||
| Additions | 151,374 | 134,183 | 285,557 | ||||
| At31 July2022 | 1.043.308 | 710.721 | 1.754,029 | ||||
| Depreciation | |||||||
| AtlAugust2O2l | 794,733 | 412,173 | 1,206,906 | ||||
| Chargefortheyear | 30,950 | 71,979 | 102,929 | ||||
| Impairment | 74,412 | 572 | 74,984 | ||||
| At31 July2022 | 900.095 | 484,724 | 1.384.819 | ||||
| Net Book Values | |||||||
| - at 31 July | 2022 | 143,213 | 225.997 | 369.210 | |||
| -at 31 July2021 | 97.201 | 164.365 | 261.566 | ||||
| 9. | Investments | —Charity only | |||||
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| At Cost | |||||||
| Investment | in UESU Limited | I | I | ||||
| in cv fiirionf | I | I imi+rI | I | I | |||
| Investment | in SU Homes Limited | 1 | 1 | ||||
| 3 | 3 |
| nvestments (continued) | ||||
|---|---|---|---|---|
| UESU Ltd | Essex Student Lets Ltd | |||
| Reg No 07321517 | Reg No 07413547 | |||
| 2022 | 2021 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Trading Subsidiaries | ||||
| Turnover | 1,236,266 | 11,270 | 240,783 | 319,891 |
| Cost of sales | (402,648) | - | - | - |
| Gross profit | 833,618 | 11,270 | 240,783 | 319,891 |
| Administrative expenses | (761.0961 | (91.215) | (264.4431 | (264.687) |
| Net (loss)! profit | 72.522 | (79.945) | (23.6601 | 55.203 |
| Retained earnings | (7,423) | (79.945) | (23.6601 | 55.203 |
| The registered office for both subsidi Colchester, Essex, C04 3SQ. |
aries is Un | iversity | of Essex S |
tudents’ Un | ion, W | ivenhoe P | |
|---|---|---|---|---|---|---|---|
| 10. | Debtors: Amounts due after one | 2022 | 2021 | ||||
| year | |||||||
| Group | Charity | Group | Charity | ||||
| £ | £ | £ | £ | ||||
| Intercompany debtors | - | 47,500 | |||||
| - | 47,500 | ||||||
| 11. | Stocks | 2022 | 2021 | ||||
| Group | Charity | Group | Charity | ||||
| £ | £ | £ | £ | ||||
| Stocks | 159.538 | 117.568 | 129.648 | 129.648 | |||
| 12. | Debtors | 2022 | 2021 | ||||
| Group | Charity | Group | Charity | ||||
| £ | £ | £ | £ | ||||
| Trade debtors | 12,623 | 8,208 | 8,205 | 8,205 | |||
| Other debtors | 14,663 | 14,663 | 3,543 | 3,543 | |||
| Prepayments & accrued income | 192,929 | 175,926 | 122, 168 | 91,463 | |||
| Intercompanydebtors | - | 402.500 | - | 121,940 | |||
| 220,215 | 601,297 | 133.916 | 225.151 |
| 13. | Creditors: Amounts due | 2022 | 2021 | ||
|---|---|---|---|---|---|
| within oneyear | |||||
| Group | Charity | Group | Charity | ||
| £ | £ | £ | £ | ||
| Trade creditors | 753,215 | 752,812 | 529,729 | 529,691 | |
| Social security & other taxes | 205,786 | 239,209 | 180,186 | 185,841 | |
| Other creditors | 327,242 | 176,359 | 145,879 | 11,482 | |
| Accruals and deferred income | 40,277 | 40,277 | 23,938 | 23,699 | |
| Intercompany creditors | |||||
| 1.326.520 | 1.208.657 | 879.732 | 750.713 | ||
| 14. | Capital Grants Fund | 2022 | 2021 | ||
| £ | £ | ||||
| Ati August2021 | 290,405 | 172,702 | |||
| Received in year | - | 160,000 | |||
| Impairment | (74,337) | - | |||
| Amortisation | (43,785) | (42,297) | |||
| Balance at 31 July 2022 | 172.283 | 290.405 |
| Restricted Funds —2022 | Brought | Expend- | Carried | ||
|---|---|---|---|---|---|
| Forward | Income | iture | Transfers | Forward | |
| £ | £ | £ | £ | £ | |
| Funds: | |||||
| Sports & Society Equipment | 28,977 | - | (807) | - | 28,170 |
| Reserve | |||||
| Sports & Society Restricted | 235,970 | 138,169 | (127,056) | - | 247,083 |
| Funds | |||||
| Student Experience Fund | - | 68,755 | (17,224) | - | 51,531 |
| Essex Sport Board | 34,030 | 226,000 | (259,935) | - | 95 |
| Sundry Other Funding | 22,435 | 9,877 | (2,430) | - | 29,882 |
| Hardship Fund | 19,744 | - | (8,981) | - | 10,763 |
| Volunteering Project Fund | 5,504 | - | - | - | 5,504 |
| CommunityActivities & | |||||
| Events Fund | 40.677 | 15,000 | (54,343) | 1,334 | |
| 387.337 | 457.801 | (470,776) | - | 374.362 | |
| Restricted Funds - 2021 |
Brought | Expend- | Carried | ||
| Forward | Income | iture | Transfers | Forward | |
| £ | £ | £ | £ | £ | |
| Funds: | |||||
| Sports & Society Equipment | 29,779 | - | (802) | - | 28,977 |
| Reserve | |||||
| Sports & Society Restricted | 224,190 | 20,451 | (8,671) | - | 235,970 |
| Funds | |||||
| Essex Sport Board | - | 151,200 | (117,170) | - | 34,030 |
| Sundry Other Funding | 20,858 | 1,963 | (386) | - | 22,435 |
| Hardship Fund | 27,171 | - | (7,427) | - | 19,744 |
| Volunteering Project Fund | - | 61,800 | (56,296) | - | 5,504 |
| Community Activities & | |||||
| Events Fund | - | 180.000 | (139,323) | 40,677 | |
| 301.998 | 415.414 | (330.075) | 387.337 |
| 16. | Unrestricted Funds | |||||
|---|---|---|---|---|---|---|
| At 1 August | At 31 July | |||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Charity | 40,284 | 5,925,650 | (6,459,974) | 118,122 | (375,918) | |
| Subsidiary funds | (24,743) | 1,477,049 | (1,483,390) | (31,084) | ||
| 15.541 | 7.402.699 | (7.943.364) | 118,122 | (407,002) | ||
| Prioryear | At 1 August | At 31 July | ||||
| 2020 | Income | Expenditure | Transfers | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Charity | 18,877 | 4,175,615 | (4,196,505) | 42,297 | 40,284 | |
| Subsidiary funds | 106,684 | 331,161 | (462,588) | (24,743) | ||
| 125.561 | 4.506.776 | (4.659.093) | 42.297 | 15.541 | ||
| 17. | Net Assets ofthe Funds | ofthe Charity | and Group | |||
| Net Current | Long term | |||||
| As at 31 July 2022 | Fixed Assets | Assets | liabilities | Total | ||
| £ | £ | £ | £ | |||
| Capital Grant Fund | 172,283 | - | - | 172,283 | ||
| resiiic;tu iiiuiii ruiius | - | OI’I,3U4 | - | |||
| Unrestricted funds | 196,930 | 439,487 | (1,012,335) | (375,918) | ||
| Charity | 369,213 | 813,849 | (1,012,335) | 170,727 | ||
| Subsidiary Reserves | (3) | (31,081) | - | (31,084) | ||
| Group | 369.210 | 782.768 | (1,012,335) | 139.643 | ||
| Net Current | Long term | |||||
| As at31 July 2021 | FixedAssets | Assets | liabilities | Total | ||
| £ | £ | £ | £ | |||
| Capital Grant Fund | 290,405 | - | - | 290,405 | ||
| Restricted Income Funds | - | 387,337 | - | 387,337 | ||
| Unrestricted funds | (28,836) | 608,131 | (539,011) | 40,284 | ||
| Charity | 261,569 | 995,468 | (539,011) | 718,026 | ||
| Subsidiary Reserves | (3) | (24,740) | (24,743) | |||
| Group | 261.566 | 970.728 | (539.011) | 693,283 |
UNIVERSITY OF ESSEX STUDENTS' UNION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2021
NOTES TO THE ACCOUNTS, continued
23. Comparative Statement of Financial Activities
| Income and endowments fom: Donations and Grants: -Donations, University Grant, etc. - Grant of serviced accommodation - CJRS furlough grant income Other trading activities: -Advertising and media -Investment income Charitable activities for students: -Bars, venues and enterainment -Shops and vending -Catering -Societies& clubs -Lettings Other income Total income Expenditure on: Costs of raising funds: -Finance costs Charitable activities for students: - Representation and campaigns -Advice centre -Student activities and volunteering -Clubs and societies -Bars, ventures and enterainments - Catering -Shops and vending -Lettings Total expenditure Net (expenditure) I income Transfers between funds: Capital grant amorisation Clubs and societies a/ocation Net movement in funds Fund balances brought forard Fund balances caried forard |
Unrestricted Income 2,078,053 427,700 715,077 11,593 - 243,932 555,040 53,599 479 319,891 101,412 ~~4,56.76 ~~ 8,174 1,193,108 231,304 138,051 174,963 948,520 393,889 1,128,247 442,837 4.659.093 (152,317) 42,297 (110,020) 125,561 15.541 |
Restricted Income 394,963 20,451 ~~41~~5~~,14~~ 7,427 196,005 126,643 330.07 85,339 85,339 301,998 387.337 |
Capital Grants 160,000 16000 160,000 (42,297) 117,703 172,702 290.405 |
Total 2021 £ 2,633,016 427,700 715,077 11,593 - 243,932 555,040 53,599 20,930 319,891 101,412 5082190 8,174 1,193,108 238,731 334,056 301,606 948,520 393,889 1,128,247 442,837 4,989.168 93,022 93,022 600,261 993.283 |
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