| CONTENTS | PAGE | |
|---|---|---|
| Trustee Board and Union Information | ||
| Trustees' Report |
||
| Trustees Responsibilities | 15 | |
| Independent Auditors' |
Report to the Members | 16 |
| Statement of Financial | Activities | 20 |
| Balance Sheet | 21 | |
| Cash Flow Statement | 22 | |
| Notes to the Financial | Statements | 23 |
| t meetings is set out |
below. | ||||
|---|---|---|---|---|---|
| Board Members | Trustee | Category | Meetings attended |
(90 | |
| Attendance) | |||||
| Zuleikha Chikh |
Officer | - Union President | 4(of4)(100%) | ||
| Sophie O' Neill | Officer | - Vice President | Activities | 4(of4)(100%) | |
| Steph Lomas | Officer | —Vice President | Education | 3 (of3)(100%) | |
| Megan Rea | Officer | - Vice President | Welfare | 3(of4)(75%) | |
| Emma Sims | External | 2 (of4) (5090) | |||
| Peter Hyett | External | 4(of4)(100%) | |||
| Laura Davies | External | 4(of4) (10090) | |||
| Jill Wells | External | 3(of4) (75%) | |||
| Dean Kamitsis | Student | 4(of4) (100'Yo) | |||
| Beverly Simpson | Student | 4(of4) (100%) | |||
| Janine Machin | Student | 3(of4) (75%) | |||
| Anna Shabunina | Student | 1(of2) (5090) |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | ||
| Note | E | E | |||
| INCOME FRQ)/I: | |||||
| Voluntary income |
1,287,839 | 1,287,839 | 1,188,736 | ||
| Grants and other funding | 73,213 | 73,213 | 129,738 | ||
| Charitable activities |
600,115 | 207,560 | 807.675 | 1,907,686 | |
| Other trading activities |
1,230 | 1,230 | 3,442 | ||
| Investments | 36 | 36 | 1,165 | ||
| Income from Operations | 600,115 | 1,569,879 | 2,169,994 | 3,230,767 | |
| EXPENOITURE ON: | |||||
| Charitable activities: |
|||||
| Nlemiiership services |
7-9 | 279,449 | 1,028,359 | 1,307,808 | 1,623,476 |
| Primary purpose trading |
7-9 | 312,855 | 520,363 | 833.218 | 1,533,397 |
| Pension Discount Unvrinding Cost |
11/ 21 |
{22,976) | (22,976) | (415,440) | |
| Exceptional Expenditure |
(33,900) | (33,900) | (30,294) | ||
| Expenditure from Operations |
592,304 | 1,548,722 | 2,141,026 | 3,156,873 | |
| Total Expenditure | (615,280) | (1,582.622) | (2,197,902) | (3,780,524) | |
| Net Operating Result for the year - Surplus/(Deficit) |
7,811 | 21,157 | 28,968 | 73,894 | |
| Net Result for the year Surplus/(Deficit) |
(15,165) | {12,743) | {27,908) | (371,840) | |
| Total funds brought forward |
(1,489,448) | 260,350 | (1,229.098) | (857,258) | |
| Reserves Transfer | 20 | 49,152 | (49,152) | ||
| Total funds carried forward | (1,455,461) | 198.456 | (1,257,007) | (1,229,098) |
| 31/07/2021 | 31/07/2021 | 31/07/2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Note | 6 | 6 | 6 6 |
|||||
| FIXEDASSETS | ||||||||
| Tangible lixed | assets | 13 | 41,632 | 80,524 | ||||
| Investments | 14 | 1 | 1 | |||||
| 41,632 | 80,525 | |||||||
| CURRENT ASSETS | ||||||||
| Stock | 15 | 26,220 | 50,569 | |||||
| Debtors | 16 | 101,769 | 103,963 | |||||
| Cash at bank | and in hand |
243,452 | ||||||
| 371,441 | 400,038 | |||||||
| CREDITORS: | ||||||||
| Amounts due within one year |
17 | (209,913) | (185,847) | |||||
| NET CURRENT ASSETS | 161,528 | 9 | ||||||
| Total assets less current | habilities | 203,160 | r, 6 |
|||||
| CREDITORS: | amounts | due | aher | more than one | ||||
| year | 18 | 1,460,166 | 1,523,488 | |||||
| NET ASSETS | 23 | 1,257,005 | 1,228,772 | |||||
| FUNDS | ||||||||
| Restricted funds | ||||||||
| Pension | Deficit Reserve | (1,546,464) | (1,584,552) | |||||
| Students' | Societies 8 Club Funds | 91,002 | 95,104 | |||||
| Total Restricted Funds | 1,455,462 | 1,489448 | ||||||
| Unrestricted funds |
||||||||
| General | Funds | 157,904 | 82,037 | |||||
| Designated | Funds | 40,552 | 178,639 | |||||
| Total Unrestricted | Funds | 198,456 | 260,676 | |||||
| TOTAL FUNDS | 1,257,005 | 1,228,772 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Net cash | (oufflow)/inflow from operating |
activities | 27 | 66,831 | 44,581 | ||
| tlti | I | tt ttt |
|||||
| Payments | to acquire tangible fixed assets | (7,855) | (30,413) | ||||
| Net cash | flow fmminvesting activities |
(7,855) | (30,413) | ||||
| Financin | activities | ||||||
| Repayment | of Pension Deficit |
||||||
| Repayment | of bank loans | (61,065) | |||||
| Interest received | 36 | 1,165 | |||||
| Net cash | flow from/ (usecl | in) financing | activities | (61,029) | 1,165 | ||
| Increase/(Decrease) in cash |
and cash equivalents | (2,053) | 15,333 | ||||
| Cash and | cash equivalents | at start ofyear | 245,506 | 230,173 | |||
| Cash and | cash equivalents | at end ofyear | 243,453 | 245,506 |
| 3. | VOLUNTARY INCOME | |||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| 2021 | ||||
| 8 | 8 | |||
| Grant Funding | 1,287,839 | 1,287,839 | ||
| Zero Waste | ||||
| Hate Crime project | ||||
| Projects | ||||
| 1,287839 | 1,287,839 | |||
| Restricted | Unrestricted | Total | ||
| 2020 | ||||
| 8 | ||||
| Grant Funding | 1,181,710 | 1,181,710 | ||
| Zero Waste | 3,871 | 3,871 | ||
| Hate Crime project | 2,000 | 2,000 | ||
| Projects | 1,155 | 1,155 | ||
| 7,026 | 1,181,710 | 1,181,736 | ||
| 4. | GRANTS AND OTHER FUNDS | |||
| Restricted | Unrestricted | Total | ||
| 2021 | ||||
| 8 | ||||
| Job Retention Scheme claims | 73,213 | 73,213 | ||
| 73,213 | 73,213 | |||
| Restricted | Unrestricted | Total | ||
| 2020 | ||||
| 8 | ||||
| Job Retention Scheme claims | 129,738 | 129,738 | ||
| 129,738 | 129,738 |
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| 2021 | ||||
| 6 | 6 | 6 | ||
| Voice | 102,583 | 12,500 | 115,083 | |
| Life | 73.398 | 1,951 | 75,348 | |
| Community | 111,279 | 43,883 | 155,162 | |
| Membership Services |
287,260 | 58,333 | 345,593 | |
| Primary Purpose Trading Activities | 312,855 | 149,227 | 462,082 | |
| Total | 600,115 | 207,560 | 807,675 | |
| Charitable activities |
||||
| Direct Income from charitable Benefit in kind— |
activities | 37,301 | 37,301 | |
| Accommodation &Service |
562,814 | 562,814 | ||
| Clubs and Societies - Income | 207,560 | 207,560 | ||
| 600,115 | 207,560 | 807675 | ||
| Restricted | Unrestricted | Total | ||
| 2020 | ||||
| 6 | 6 | 6 | ||
| Voice | 96,062 | 10,903 | 106,965 | |
| Life | 80,932 | 5,847 | 86,779 | |
| Community | 186,162 | 80050 | 266,212 | |
| Membership Services |
363,156 | 96,800 | 459,956 | |
| Primary Purpose Trading Activities | 294,133 | 1,153,596 | 1,447,730 | |
| Total | 657,289 | 1,250,397 | 1 907,686 | |
| Charitable activities |
||||
| Direct Income from charitable Benefit in kind— |
activities | 106,293 | 106,293 | |
| Accommodation &Service |
550,996 | 550,996 | ||
| Clubs and Societies - Income | 1,250 397 | 1,250,397 | ||
| 657,289 | 1,250,397 | 1,907,686 |
| 6. | OTHER TRADING INCOME | OTHER TRADING INCOME | |||||
|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | |||||
| 2021 | |||||||
| 8 | 8 | 6 | |||||
| Marketing | 1,230 | 1,230 | |||||
| 1230 | 1230 | ||||||
| Restricted | Unrestricted | Total | |||||
| 2020 | |||||||
| 8 | 8 | ||||||
| Marketing | 3,442 | 3,442 | |||||
| 3,442 | 3,442 | ||||||
| 7. | CHARITABLE | ACTIVITIES | |||||
| Restricted and Unrestricted Expenditure |
by Theme | ||||||
| Restricted | Unrestricted | Total | |||||
| 2021 | |||||||
| 8 | |||||||
| Membership | Services | ||||||
| Voice | 102,583 | 656,506 | 759,089 | ||||
| Life | 73,398 | 115,513 | 188,911 | ||||
| Community | 103,468 279,449 |
256,340 1,028,359 |
359,808 1,307,808 |
||||
| Primary Purpose Trading Activities | 312,855 592,304 |
520,363 1,548,722 |
833,218 2,141,026 |
||||
| Direct Costs | Plus Benefit in Kind | ||||||
| Direct expenditure Clubs and Societies - Expenditure Benefit in Kind —Accom & Services |
29,490 562,814 |
1,548,722 | 1,548,722 29,940 562,814 |
||||
| 592,304 | 1,548,722 | 2,141,026 | |||||
| Restricted | Unrestricted | Total | |||||
| 2020 | |||||||
| E | |||||||
| Membership | Services | ||||||
| Voice | 95,982 | 631,346 | 727,328 | ||||
| Life | 80,990 | 144,699 | 225,689 | ||||
| Community | 183,087 | 314,025 | 497,112 | ||||
| Projects | 7,147 367,206 |
1,090,069 | 1 | 7,147 457,276 |
|||
| Primary Purpose Trading Activities | 294,064 661,270 |
1,405,443 2,495,513 |
1,699,507 3,156,783 |
| Direct 8 Sup | port Expenditure by Them |
e | ||
|---|---|---|---|---|
| Activities | ||||
| undertaken | Support | |||
| directly | costs | Total | ||
| 2021f | ||||
| Membership | Services | |||
| Voice | 699,703 | 59,386 | 795,089 | |
| Life | 146,421 | 42,490 | 188,911 | |
| Community | 316,982 | 42,826 | 359,808 | |
| 1,163,106 | 144,702 | 1,307,808 | ||
| Primary Purpose Trading Activities | 652,105 | 181,113 | 833,218 | |
| Total | 1,815,211 | 325,815 | 2,141,026 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | ||||
| directly | costs | Total | |||
| 2020 | |||||
| 6 | |||||
| Membership | Services | ||||
| Voice | 666,955 | 60,373 | 727,328 | ||
| Life | 174,824 | 50,865 | 225,689 | ||
| Community | 446,916 | 50,196 | 497,112 | ||
| projects | 7,147 | 7,147 | |||
| 1,295,841 | 161,435 | 1,457,276 | |||
| Primary | Purpose Trading Activities | 1,514,647 | 184,860 | 1,699,507 | |
| Total | 2,810,488 | 346,295 | 3,156,783 |
| Y | EAR ENDED 31JU | LY | 2021 | ||||
|---|---|---|---|---|---|---|---|
| 9. | Charitable activities |
||||||
| Charitable expenditure |
by cost | type | |||||
| Primary | |||||||
| Purpose | Central | ||||||
| Membership | Trading | Support | Total | ||||
| Services | Activities | Costs | 2021 | ||||
| E | 5 | ||||||
| Good for Resale | 28,976 | 74,233 | 103,208 | ||||
| Salaries &Wages | 708,999 | 212,295 | 194,137 | 1,115,431 | |||
| Training, Development |
& Travel | 7,654 | 405 | 8,706 | 16,765 | ||
| Other Employment Costs |
1,194 | 2,290 | 22,456 | 25,939 | |||
| NUS Affiliation | 30,774 | 30,774 | |||||
| Clubs 8 Societies —Transport, Facilities & Affiliation |
28,181 | 123 | 4,415 | 32,719 | |||
| Insurance | 5,283 | 992 | 23,665 | 29,940 | |||
| Buildings —Repairs and | Cleaning | 1,783 | 3231 | 5,014 | |||
| Essential Materials |
580 | 4,566 | 12 | 5,158 | |||
| Equipment and Software |
20,258 | 12,355 | 20,861 | 53,475 | |||
| Minibus Expenditure |
9,780 | 9,780 | |||||
| Advertising and Marketing |
8,652 | 1,235 | 1,000 | 10,887 | |||
| Finance Expenses | 875 | 4,097 | 943 | 5,915 | |||
| Professional Expenses |
13,293 | 4,325 | 21,000 | 38,618 | |||
| Administration Charges |
11,061 | 1,252 | 6,139 | 18,451 | |||
| Depreciation -Refurbishment |
9,276 | 10,390 | 19,666 | ||||
| Depreciation - Equipment |
6,322 | 18,294 | 2,367 | 26,938 | |||
| Benefit in kind -Accommodation | |||||||
| and Services | 242,460 | 303,469 | 16,884 | 562,814 | |||
| Restricted Club and Society |
Costs | 29,490 | 29,490 | ||||
| 1,163,106 | 652,105 | 325,815 | 2,141,026 | ||||
| Central Support Cost Allocation | 144,702 | 181113 | 325,815 | ||||
| Total | 1,307,808 | 833,218 | 2,141,026 |
| Primary | |||||
|---|---|---|---|---|---|
| Purpose | Central | ||||
| Membership Services |
Trading Activities |
Support Costs |
Total 2020 |
||
| f | 6 | 6 | |||
| Good for Resale | 187,757 | 480,277 | 668,034 | ||
| Salaries &Wages | 731,614 | 440,604 | 195,457 | 1,367,675 | |
| Training, Development |
&Travel | 12,235 | 1,002 | 7,125 | 20,362 |
| Other Employment Costs |
1,245 | 2,751 | 29,777 | 33,773 | |
| NUS Affiliation Clubs &Societies —Transport, |
43,629 | 43,629 | |||
| Facilities &Affiliation | 52,069 | 2,846 | 54,915 | ||
| Insurance | 7,117 | 25,817 | 32,934 | ||
| Buildings —Repairs and | Cleaning | 170 | 3,239 | 8,422 | 11,831 |
| Essential Materials |
3,348 | 24,091 | 27,439 | ||
| Equipment and Software |
4,460 | 27,163 | 12,713 | 44,336 | |
| Minibus Expenditure |
17,233 | 17,233 | |||
| Advertising and Marketing |
442 | 2,991 | 950 | 4,383 | |
| Finance Expenses | 2,306 | 24,743 | 4,538 | 31,587 | |
| Professional Expenses |
12,890 | 12,818 | 12,848 | 38,556 | |
| Administration Charges |
19,794 | 3,071 | 23,900 | 46,765 | |
| Depreciation - Refurbishment |
12,781 | 12,781 | |||
| Depreciation - Equipment Benefit in kind - Accommodation |
14,151 | 25,430 | 6,520 | 46,101 | |
| and Services | 248,364 | 284,404 | 18,228 | 550,996 | |
| Restricted Club and Society Costs |
103,127 | 103,127 | |||
| 1,461,951 | 1,348,211 | 346,295 | 3,156,457 | ||
| Central Support Cost Allocation | 161,435 | 184,860 | 346,295 | ||
| Total | 1,623,386 | 1,533,071 | 3,156,457 |
| OVERNANCE COST | S | |||
|---|---|---|---|---|
| Total | Total | |||
| 2021 | 2020 | |||
| f | E | |||
| Audit | 6,000 | 7,800 | ||
| Insurance | 1,850 | 1,333 | ||
| Board away day Board refreshments |
105 | 56 | ||
| Travel Expenses | 137 250 |
|||
| Leaving gift NCVO —Consultancy Civil Subscription |
Fees —Governance | Review | 4,875 550 |
550 |
| 13,380 | 10,126 |
| Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|
| 2021 | |||||
| 6 | E | E | |||
| Redundancies | and exiting costs | 28,760 | 28,760 | ||
| Working | from | Home Equipment | 5,140 | 5,140 | |
| SUSS Pension Unwinding |
Deficit Discount | 22,976 22,976 |
33,900 | 22,976 56,876 |
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| 2020f | ||||
| Redundancies | and exiting costs | 9,394 | 9,394 | |
| Stock write-off | 14,556 | 14,555 | ||
| Holiday accrued during Furlough Working from Home Equipment SUSS Pension Deficit Revaluation |
415,440 415,440 |
4,195 2,146 30,294 |
4,198 2,146 415,440 445,734 |
| TAFF C | OSTS AND NUMBERS | ||
|---|---|---|---|
| Total | Total | ||
| 2021 | 2020 | ||
| E | |||
| Wages | and salaries | 945,914 | 1,189,393 |
| National | insurance | 79,568 | 83,111 |
| Pension | costs | 89,949 | 95,180 |
| 1,115,431 | 1,367,674 |
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Full time staff | 40 | 45 |
| Student staff | 15 | 62 |
| 55 | 107 |
| Building | Motor | Fixtures & | ||
|---|---|---|---|---|
| costs | Vehicles | Equipment | Total | |
| f | 6 | f | ||
| Cost | ||||
| As at 1 August 2020 | 1054667 | 10,911 | 565,400 | 1,630,978 |
| Additions | 7,856 | 7,856 | ||
| Disposals | 23,380 | 23,380 | ||
| As at 31 July 2020 | 1,054,667 | 10,911 | 549,876 | 1,615,454 |
| Accumulated depreciation |
||||
| As at 1 August 2020 | 1,021,477 | 10,909 | 518,070 | 1,550,450 |
| Charge for the year | 19,667 | 27,077 | 46,745 | |
| On Disposals | 23,373 | 23,374 | ||
| As at 31 July 2021 | 1,041,139 | 10,909 | 521,774 | 1,573,822 |
| Net book value | ||||
| 31 July 2021 | 13,528 | 28,102 | 41,632 | |
| 31 July 2020 | 33,194 | 47,330 | 80,524 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | |||||
| Trade creditors | 50,105 | 52,003 | |||
| Social security and | other taxes | 16,724 | 21,488 | ||
| Other creditors | 36,594 | 37,073 | |||
| Accruals and deferred | income | 20,192 | 14,218 | ||
| Pension liability |
86,298 | 61,065 | |||
| 209,913 | 185,847 | ||||
| 2021 | 2020 | ||||
| Deferred Income | |||||
| Deferred income at |
1 August | 44,487 | |||
| Resources deferred | during | the year | |||
| Amounts released from previous years |
44,487 | ||||
| Deferred income at | 31 July | ||||
| REDITORS: Amounts | falling due after more than one year | ||||
| 2021 | 2020 | ||||
| E | 5 | ||||
| Pension liability |
1,460,166 | 1,523,488 | |||
| 1,460,166 | 1,523,488 | ||||
| Repayment due as |
follows: | ||||
| Due 1-2 Years | 177,516 | 147,363 | |||
| Due 2-5Years | 301,940 | 287,563 | |||
| Due 5+Years | 000,210 | 1,008 002 | |||
| 1,460,166 | 1,523,488 |
| 2021 | 2020f | |||||
|---|---|---|---|---|---|---|
| Trade debtors (including | University) | 36,831 | 28,169 | |||
| Accrued | income | 4,894 | 17,269 | |||
| Other debtors | 13,981 | 14,982 | ||||
| 55,706 | 60,420 | |||||
| Financial liabilities measured |
at | amortised | cost: | |||
| 2021 | 2020 | |||||
| f | F | |||||
| Trade creditors | 50,105 | 52,003 | ||||
| Accruals | 20,192 | 14,218 | ||||
| 1,530,462 | 1,589,709 | |||||
| Financial | liabilities measured | at present | value | |||
| Pension | deficit | 1,460,166 | 1,523,488 | |||
| 1,460,166 | 1,523,488 |
| 20. RESERVES | ||||||
|---|---|---|---|---|---|---|
| At 1 August 2020 |
Incoming resources |
Resources expended |
Trarisf et's | At 31July 2021 |
||
| E | E | |||||
| Restricted Funds | ||||||
| Pension Deficit Fund Benefit in kind— Accommodation and |
Service | (1,584,553) | 562,814 | (22,976) (562,814) |
61,065 | (1,546,464) |
| Clubs and Societies | 95,104 | 37,301 | 29,490 | 11,913 | 91,002 | |
| Total Restricted Funds | 1,489,449 | 600,115 | 592,304 | 49,152 | 1,455,462 | |
| Unrestricted Funds |
||||||
| Accumulated General |
Fund | 81,712 | 1,569,879 | 1,582,623 | 88,935 | 157,903 |
| Total General Funds | 81,712 | 1,569,879 | (1,582,623) | 88,935 | 157,903 | |
| Designated funds |
||||||
| Building designated reserve |
150,000 | (150,000) | ||||
| Film and arts designated | ||||||
| fund | 5,113 | 5,113 | ||||
| Sport Ball funds | 4,717 | 4,717 | ||||
| Societies &clubs bidding | ||||||
| reserve | 16,125 | 7,052 | 23,177 | |||
| Societies &clubs archived | 2,684 | 4,261 | 6,945 | |||
| Total Designated Funds |
178,639 | (138,027) | 40,552 | |||
| Total Unrestricted Funds |
260,351 | 1,569,879 | (1,582,623) | (49,152) | 198,456 | |
| Total Funds | (1,229,098) | 2,169,994 | (2,174,927) | 1,257,004 |
| 2020 Reserves Movement | 2020 Reserves Movement | |||||
|---|---|---|---|---|---|---|
| At 1 August 2019 |
Incoming resources |
Resources expended |
Transfers | At 31July 2020 |
||
| Restricted Funds |
||||||
| Pension Deficit Fund |
(1,169,114) | (415,438) | (1,584,552) | |||
| Benefit in kind— Accommodation and |
Service | 550,996 | (550,996) | |||
| Clubs and Societies | 110,748 | 101,293 | (103,128) | (18,809) | 90,104 | |
| Projects | 7,026 | (7,026) | ||||
| Film Society Fund | 5,113 | 5,113 | ||||
| Total Restricted Funds |
1,053,253 | 664,315 | 1,076,588 | 23,922 | 1,489,448 | |
| Unrestricted Funds |
||||||
| Accumulated General |
Fund | 41,278 | 2,566,452 | 2,525,018 | 81,712 | |
| Total General Funds | 41,278 | 2,566,452 | (2,525,018) | 81,712 | ||
| Designated funds |
||||||
| Building designated reserve |
150,000 | 150,000 | ||||
| Film and arts designated | ||||||
| fund | 5,113 | 5,113 | ||||
| Sport Ball funds | 4,717 | 4,717 | ||||
| Societies bidding reserve |
14,298 | 14,298 | ||||
| Clubs archived | 1,598 | 1,598 | ||||
| Societies archived | 1,086 | 1,086 | ||||
| Clubs bidding reserve | 1,827 | 1,827 | ||||
| Total Designated Funds |
154,717 | 23,922 | 178,639 | |||
| Total Unrestricted Funds |
195,995 | 2,566,452 | (2,525,018) | 23,922 | 260,351 | |
| Total Funds | (857,258) | 3,225,767 | (3,602,607) | 1,229,098 |
| ET ASSETS BYFUNDS | |||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| 2021 | |||
| 6 | 6 | ||
| Tangible Fixed Assets | 41,632 | 41,632 | |
| Investments | 1 | 1 | |
| Net Current Assets | 4,702 | 156,826 | 161,528 |
| Liabilities due after more than one year | (1,460,166) | (1,460,166) | |
| Total Funds | (1,455,464) | 198,459 | (1,257,005) |
| Available Reserves | 4,702 | 198,459 | 203,161 |
| Accounting Reserves |
(1,460,166) | (1,460,166) | |
| Total Reserves | (1,455,464) | 198,459 | (1,257,005) |
| Restricted | Unrestricted | Total | |
| 2020 | |||
| F | 5 | ||
| Tangible Fixed Assets | 80,524 | 80,524 | |
| Investments | 1 | 1 | |
| Net Current Assets/(Liabilities) | 95,104 | 118,762 | 213,865 |
| Liabilities due after more than one year | (1,523,488) | (1,523,488) | |
| Total Funds | (1,428,384) | 199,287 | (1,229,098) |
| Available Reserves |
95,104 | 199,287 | 355,456 |
| Accounting Reserves |
1,523,448 | 1,523,448 | |
| Total Reserves | 1,428,384 | 199,287 | 1,229,098 |
| 2021 | 2020 | ||
|---|---|---|---|
| K | K | ||
| Cash flows from operating activities |
|||
| Surplus for the financial year | (27,908) | (371,514) | |
| Adjustments to reconcile profit for the year to net cash from |
|||
| operating activities |
|||
| Interest received | (36) | (1,165) | |
| Depreciation | 46,649 | 58,884 | |
| (Increase)/decrease in inventories |
24,350 | (1,262) | |
| Decrease in trade and other debtors | 2,359 | 53,672 | |
| Increase in trade and other creditors |
(1,558) | (109,474) | |
| Add back Pension Discount Unwinding |
Costs | 22,976 | 415,440 |
| Cash generated from operating activities |
66,831 | 44,581 |