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2021-07-31-accounts
| CONTENTS |
PAGE |
| Trustees' Report |
3 |
| Independent Auditor's Report to the Members |
18 |
| Consolidated Statement ofFinancial Activities |
22 |
| Statement ofFinancial Position |
23 |
| Consolidated Statement ofCash Flows |
24 |
| Notes to the Financial Statements |
25 |
|
2020/21 |
|
2019/20 |
| President # |
EvanBotwood
(Appointed25/06/21) |
President # |
AugustaChidinma
Nnajiofor |
|
|
|
(Resigned 25/06/21) |
| VicePresident Education# |
Oluwadamilola |
VicePresidentEducation# |
JaneOjiako (Resigned |
|
Okeyoyin (Appointed |
|
25/06/21) |
|
25/06/21) |
|
|
| VicePresident Sports & |
Molly Harris |
VicePresident Sports & |
JoshuaEdje(Resigned |
| Health# |
(Appointed 25/06/21) |
Health# |
25/06/21) |
| VicePresident Community |
Rania Regaieg |
VicePresident Community |
Ubong Ante(Resigned |
| &Welfare# |
(Appointed 25/06/21) |
&Welfare# |
25/06/21) |
| VicePresident Societies |
Samuel Ikpe |
VicePresident Societies |
Samuel Ikpe(Appointed |
| &Communication # |
|
&Communication# |
24/06/19) |
| ExternalTrustee |
HelenBalmer |
External Trustee |
HelenBalmer |
|
|
|
(Appointed 22/10/19) |
|
|
StudentTrustee |
|
| StudentTrustee |
KieranWoodhouse |
|
KieranWoodhouse |
|
|
StudentTrustee |
|
| External Trustee |
Chris Clements |
|
Chris Clements |
| External Trustee |
Les Redwood |
External Trustee |
Les Redwood |
|
SPsection |
|
I |
I |
Area |
11 |
Explanation |
I |
I |
Regularity ofreporting |
I |
|
I |
|
NextTarget |
CurrentPosition |
|
|
|
|
|
Welcome |
|
|
|
|
|
|
|
|
|
|
|
Value
Active |
finance
Communication |
Network |
|
|
Contribution
Engagement |
|
Actual contribution vsbudget
Totalnumberofengagements |
|
|
Annually(December)
Annually(December) |
|
|
|
|
£27,59-
10800 |
|
|
|
|
|
|
H&S |
|
|
|
|
|
|
|
|
|
|
|
| vernance |
|
|
|
|
Mandatorycompliance |
|
All legalcompliancemet |
|
|
Bi-annually |
|
|
|
|
100% |
100% |
|
|
|
|
|
|
|
|
|
|
|
I |
|
I |
|
|
|
|
|
|
|
|
HR |
|
|
|
|
|
|
|
|
|
|
|
| People |
|
|
|
|
PeopleCompliance |
|
Allinternalpeople process' completedwithin
deadlines |
|
|
Bi-annually |
|
|
|
|
100% |
100% |
|
|
|
|
|
Space |
|
|
|
|
|
|
|
|
|
|
|
| letwork |
Environment |
|
|
|
Use ofmeetingroomsandactivitystudio |
|
Usage ofSUbuildingspacesmeasuredbyRoom
bookingsystem |
|
|
Bi-annually |
|
|
|
|
8% |
0% |
|
|
|
|
|
Staff Engagement |
|
|
|
|
|
|
|
|
|
|
|
| People |
|
|
|
|
Permenantstaffsurvey |
|
Overallfigurefromstaffsurvey70'/otargetrisingto
85% |
|
|
Annual |
|
|
|
|
75% |
|
|
|
|
|
|
Sustainability |
|
|
|
|
|
|
|
|
|
|
|
| ironment |
Active |
Governance |
|
|
SDG'sinternalaction plan |
|
Tab with eachSDGandtick/crossindicating
completion |
|
|
Annually |
|
|
|
|
100% |
100% |
|
|
|
|
|
finance |
|
|
|
|
|
|
|
|
|
|
|
| ·inance |
Governance |
|
|
|
financialcompliance |
|
All legal compliancemet |
|
|
Annually(November) |
|
|
|
|
100% |
100% |
|
|
|
|
|
TrainingandDevelopment |
|
|
|
|
|
|
|
|
|
|
|
| People |
Active |
Support |
|
|
Hoursusedfortraining |
|
Employeetime usedinatrainingcapacity |
|
|
Bi-annually |
|
I |
|
I |
5.0%- |
|
|
|
|
|
|
StudentEngagement |
|
|
|
|
|
|
|
|
|
|
|
| Voice |
|
|
|
|
NSSscore |
|
Aimto beatprevious%score |
|
|
Annually |
|
|
|
|
65% |
|
| iupport |
|
|
|
|
Studentstaffsurvey |
|
Overallfigurefromstaffsurvey65%targetrisingto
85% |
|
|
Annual |
|
|
|
|
70% |
|
| Voice |
|
|
|
|
Studentleaders |
|
Studentleaders |
|
|
Annually |
|
|
|
|
50- |
|
|
|
|
|
|
Internal compliance |
|
|
|
|
|
|
|
|
|
|
|
| verance |
|
|
|
|
IT |
|
ITlegal compliance |
|
|
Annual |
|
|
|
|
100% |
|
| vernance |
|
|
|
|
GDPR |
|
All legal compliancemet |
|
|
Annual |
|
|
|
|
100% |
|
|
|
|
|
|
Labourproductivity |
|
|
|
|
|
|
|
|
|
|
|
·inance
'inane |
Value
Value |
|
|
|
VsIncome
VsCost |
|
Measure ofsalaries&wagesvsincome
Measureofsalaries&wagesvscosts |
|
|
Annually
Annually |
|
|
|
|
38.72%-
40.70% |
|
18 November 2021
|
|
Unrestricted |
Restricted |
Total Funds |
TotalFunds |
|
|
Funds |
Funds |
|
|
|
|
2021 |
2021 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Incomefrom: |
|
|
|
|
|
| Donations: |
|
|
|
|
|
| Block grant |
|
1,600,900 |
|
1,600,900 |
1,560,549 |
| Grant income |
|
|
|
|
25,000 |
| CJRS Income |
|
540,820 |
|
540,820 |
419,386 |
| Charitable activities: |
|
|
|
|
|
| Freshers, student shops andbars |
3 |
1,132,032 |
|
1,132,032 |
2,425,620 |
| Union services, sports and otheractivities |
4 |
117,561 |
|
117,561 |
653,560 |
| Other trading activities: |
|
|
|
|
|
| Nursery and othertrading |
2 |
486,896 |
|
486,896 |
449,568 |
| Investments |
|
48 |
|
48 |
579 |
| Total income |
|
3,878,257 |
|
3,878,257 |
5,534,262 |
| Expenditure on: |
|
|
|
|
|
| Raising funds: |
|
|
|
|
|
| Nurseryand othertrading |
5 |
657,430 |
|
657,430 |
611,015 |
| Grant expenditure |
7 |
|
|
|
|
| Charitable activities: |
|
|
|
|
|
| Freshers, student shops andbars |
6 |
1,430,357 |
|
1,430,357 |
2,431,680 |
| Union services, sports and otheractivities |
7 |
1,747,364 |
31,961 |
1,779,325 |
2,460,187 |
|
|
·---------------------- |
·-------------------- |
. |
- - - -- - - - - --- - - - - |
| Total Expenditure |
|
3,835,151 |
31,961 |
3,867,112 |
5,502,882 |
| Net (expenditure)/lncome |
|
43,106 |
(31,961) |
11,145 |
31,380 |
| Net movement in funds |
|
43,106 |
(31,961) |
11,145 |
31,380 |
|
|
----------------------- |
-------------------- |
------------------ |
---------------- |
| Fund balances brought forward |
|
(1,177,709) |
191,763 |
(985,946) |
(1,017,326) |
|
|
|
-------------------- |
------------------ |
---------------- |
| Funds Balance at 31 July |
|
(1,134,603) |
159,802 |
(974,801) |
(985,946) |
|
|
Group |
Group |
Charity |
Charity |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Fixed Assets |
|
|
|
|
|
| Property,Plant &Equipment |
11 |
625,382 |
550,735 |
625,382 |
550,735 |
| Investments |
12 |
6,461 |
6,461 |
6,462 |
6,462 |
|
|
---------------- |
--------------- |
----------------- |
.- - - - - - -- - - - - - - . |
| Total Fixed Assets |
|
631,843 |
557,196 |
631,844 |
557,197 |
| Current Assets |
|
|
|
|
|
| Inventories |
13 |
74,918 |
82,864 |
8,806 |
5,482 |
| Debtors |
14 |
242,893 |
184,269 |
561,588 |
398,646 |
| Cashat bankand in hand |
|
492,839 |
444,104 |
179,717 |
265,555 |
|
|
- - -- - - - - - - -- - -- - |
--------------- |
----------------- |
. - -- - - - -- - - --- - . |
| Total Current Assets |
|
810,650 |
711,237 |
750,111 |
669,683 |
| Creditors: Amounts falling due |
|
|
|
|
|
| within oneyear |
15 |
(488,354) |
(250,856) |
(427,816) |
(209,303) |
|
|
---------------- |
--------------- |
----------------- |
·--------------- |
| Net Current Assets/(Liabilities) |
|
322,296 |
460,381 |
322,295 |
460,380 |
| Creditors: Amounts falling due |
|
|
|
|
|
| afteroneyear |
26 |
(1,928,940) |
(2,003,523) |
(1,928,940) |
(2,003,523) |
|
|
---------------- |
--------------- |
. |
.- - - - - - - - -- - - - - - |
| Net Assets/(Liabilities) |
|
(974,801) |
(985,946) |
(974,801) |
(985,946) |
| Capital and Reserves : |
|
|
|
|
|
| Unrestricted funds |
|
|
|
|
|
| General funds |
16 |
253,349 |
446,157 |
253,349 |
446,157 |
| Designated funds |
16 |
(1,387,952) |
(1,623,866) |
(1,387,952) |
(1,623,866) |
| Restricted funds |
17 |
159,802 |
191,763 |
159,802 |
191,763 |
|
|
---------------- |
--------------- |
----------------- |
---------------- |
| Total Funds |
|
(974,801) |
985,946 |
(974,801) |
(985,946) |
|
|
Group |
Group |
|
|
2021 |
2020 |
|
|
£'000 |
£'000 |
| Cash/generated by operating activities |
25 |
259 |
350 |
| Cash flows from investing activities |
|
|
|
| Interest income |
|
|
|
| Purchase oftangible fixed assets |
|
(210) |
(94) |
| Return ofinvestments |
|
|
|
| Cash provided used in investing activities |
|
(210) |
(94) |
| Cash flows from financing activities |
|
|
|
| Repayment ofborrowing |
|
|
|
| Cash used in financing activities |
|
|
|
| Increase in cash and cash equivalents in the year |
|
49 |
256 |
| Cash and cash equivalents at the beginning ofthe |
|
|
|
| year |
|
444 |
188 |
| Total cash and cash equivalents at the end of the |
|
|
|
| year |
|
493 |
444 |
|
2021 |
2020 |
|
£ |
£ |
| Nursery |
452,881 |
401,038 |
| Other Trading |
34,015 |
48,530 |
|
486,896 |
449,568 |
|
2021 |
2020 |
|
£ |
£ |
| Freshers |
41,425 |
99,755 |
| Retail |
674,425 |
1,333,639 |
| Food& Beverage |
416,182 |
992,226 |
|
1,132,032 |
2,425,620 |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Sports |
& Other Activities |
114,521 |
1,046,083 |
| **Union ** |
Services |
3,040 |
26,863 |
|
|
117,561 |
1,072,946 |
|
2021 |
2020 |
|
£ |
£ |
| Nursery |
657,430 |
611,016 |
| Other Trading |
|
|
|
657,430 |
611,016 |
|
2021 |
2020 |
|
£ |
£ |
| Freshers |
50,820 |
111,653 |
| Retail |
804,766 |
1,425,689 |
| Food&Beverage |
574,772 |
894,338 |
|
-------------- |
-------------· |
|
1,430,357 |
2,431,680 |
|
2021 |
2020 |
|
£ |
£ |
| Sports & Other Activities |
709,825 |
1,238,076 |
| Union Services |
1,063,245 |
1,050,749 |
| Governance |
80,838 |
49,393 |
| Pension Liability Adjustment |
(74,583) |
121,969 |
|
- - - - - -- - - - - - - . |
------------- |
|
1,779,325 |
2,460,187 |
|
Direct |
Staff |
Support |
2021 |
2020 |
| Usage |
|
|
|
Total |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Charitable |
|
|
|
|
|
| Clubs, Societies & Networks |
|
|
|
|
|
| (18%) |
285,652 |
233,556 |
190,616 |
709,824 |
1,388,697 |
| StudentRep & Officers (9%) |
74,960 |
226,145 |
62,355 |
363,460 |
393,908 |
| AdviceCentre(5%) |
35,532 |
84,589 |
62,355 |
182,477 |
173,374 |
| Campus Support (3%) |
48,132 |
23,189 |
62,355 |
133,676 |
137,924 |
| Communications (7%) |
67,379 |
134,636 |
62,355 |
264,370 |
288,130 |
| Commercial |
|
|
|
|
|
| Nursery(17%) |
69,168 |
430,098 |
158,164 |
657,430 |
707,174 |
| Commercial activities (37%) |
603,034 |
593,162 |
234,162 |
1,430,357 |
2,878,523 |
| Governance (2%) |
72,518 |
8,320 |
|
80,838 |
61,366 |
| Overheads recharged (3%) |
(288,256) |
407,518 |
|
119,262 |
139,395 |
| Pensions deficit/movement (-2%) |
(74,583) |
|
|
(74,583) |
121,243 |
|
-------------- |
·-------------------- |
.- - - -- - - - - - -- . |
-------------- |
------------- |
|
893,536 |
2,141,213 |
832,362 |
3,867,111 |
6,279,733 |
|
2021 |
2020 |
|
No. |
No. |
| Permanent Staff |
88 |
91 |
| Student Staff |
120 |
353 |
|
208 |
444 |
|
2021 |
2020 |
|
|
No. |
No. |
|
| Permanent Staff |
76 |
78 |
|
| Student Staff |
11 |
25 |
|
|
.... |
|
a |
|
87 |
103 |
|
| The costs ofthe above were: |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
| Wages & salaries |
1,872,019 |
2,174,847 |
|
| Social security |
133,132 |
133,164 |
|
| Pension costs |
136,062 |
127,807 |
|
|
2,141,213 |
2,435,818 |
|
| Banding forpay over £60,000/annum: |
|
|
|
2020/21 |
2019/20 |
|
No. of staff |
No. of staff |
| £60,000-£69,999 |
|
|
| £70,000-£79,999 |
|
|
| £80,000+ |
|
|
|
|
2021 |
2021 |
|
|
2020 |
2020 |
|
|
Payroll |
Expenses |
Pension |
Total |
Payroll |
Expenses |
Pension |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
£ |
£ |
| Ante |
21,442 |
516 |
573 |
22,531 |
22,004 |
622 |
495 |
23,121 |
| Botwood |
2,649 |
|
71 |
2,719 |
20,146 |
|
|
20,146 |
| Clements |
|
|
|
|
|
|
|
|
| Harris |
2,649 |
|
71 |
2,719 |
|
|
|
|
| Okeyoyin |
2,649 |
|
71 |
2,719 |
|
|
|
|
| Edje |
21,326 |
519 |
466 |
22,312 |
22,004 |
883 |
335 |
23,221 |
| Regaieg |
2,649 |
|
71 |
2,719 |
|
|
|
|
| Ipke |
24,104 |
22 |
1708 |
25,834 |
2,540 |
|
188 |
2,729 |
| Nnajiofor |
21,865 |
2304 |
1552 |
25,722 |
2,476 |
51 |
188 |
2,715 |
| Ojiako |
21,398 |
1618 |
573 |
23,590 |
22,015 |
771 |
594 |
23,380 |
| Redwood |
|
|
|
|
|
|
|
|
| Tatah |
|
|
|
|
20,041 |
423 |
1,545 |
22,010 |
| Woodhouse |
|
|
|
|
|
142 |
|
142 |
|
120,730 |
4,980 |
5,156 |
130,865 |
111,225 |
2,893 |
3,346 |
117,464 |
|
Fixtures |
|
& Fittings |
| Group and Charity |
|
|
£ |
| Cost |
|
| At I August 2020 |
2,071,677 |
| Additions |
210,307 |
| At 31 July 2021 |
2,281,984 |
| Depreciation |
|
| At I August 2020 |
1,520,942 |
| Chargefortheyear |
135,660 |
| At31 July 2021 |
1,656,602 |
| Net Book Value |
|
| At 31 July2021 |
625,382 |
| At 31 July2020 |
550,735 |
| NameofCompany |
CompanyNumber |
MainTrading Activity |
EquityHeld |
| UWESUServices Limited |
07917777 |
Commercial activities oftheUnion |
100% |
| Group |
Shares in |
Deposits |
Total |
|
Subsidiary |
|
|
|
£ |
£ |
£ |
| At Cost |
|
|
|
| At 1 August 2020 |
|
6,461 |
6,461 |
| Additions |
|
|
|
| Disposals |
|
|
|
| At 31 July 2021 |
===== |
6,461 |
6,461 |
| Charity |
Shares in |
Shares in |
|
Deposits |
Deposits |
Total |
|
Subsidiary |
|
|
|
|
|
|
|
£ |
|
|
£ |
£ |
| At Cost |
|
|
|
|
|
|
| At I August 2020 |
|
|
|
|
6,461 |
6,462 |
| Additions |
|
|
|
|
|
|
| Disposals |
|
|
|
|
|
|
|
.- - - - |
- - - - - - - -- - . |
. - |
- - |
- - - - -- - - - - - - |
--------------- |
| At 31 July2021 |
|
|
|
|
6,461 |
6,462 |
|
2021 |
2020 |
|
|
|
| UWESU Services Ltd- Profit and loss |
|
|
|
|
|
| account |
£ |
£ |
|
|
|
| Turnover |
1,166,047 |
2,474,150 |
|
|
|
| CJRS |
318,400 |
|
|
|
|
| Expenditure |
(1,430,357) |
(2,431,679) |
|
|
|
| NetProfit |
54,090 |
42,471 |
|
|
|
| DistributionUWE SU |
(54,090) |
(42,471) |
|
|
|
| Retained profits brought forward |
|
|
|
|
|
| Retained profits carried forward |
|
|
|
|
|
| UWESU Services Ltd- Balance sheet |
|
|
|
|
|
| Current assets |
433,979 |
323,009 |
|
|
|
| Current liabilities |
(433,978) |
(323,008) |
|
|
|
| Calledup sharecapital |
|
|
|
|
|
| Profitand loss account |
|
|
|
|
|
3.
Inventories |
|
|
|
|
|
|
|
Group |
|
Charity |
|
|
2021 |
2020 |
2021 |
|
2020 |
|
£ |
£ |
£ |
|
£ |
| Goods for own use |
8,806 |
5,482 |
8,806 |
|
5,478 |
| Goods for resale |
66,112 |
77,382 |
|
|
|
|
74,918 |
82,864 |
8,806 |
|
5,478 |
|
|
|
|
Group |
Group |
|
|
Charity |
Charity |
|
|
|
|
2021 |
|
2020 |
2021 |
|
2020 |
|
|
|
|
£ |
|
£ |
£ |
|
£ |
| Trade and sundry debtors |
|
|
|
25,919 |
|
103,156 |
14,963 |
|
99,942 |
| **Prepayments and accrued ** |
|
|
income |
174,598 |
|
81,113 |
136,598 |
|
17,248 |
| SS and Other Taxes |
|
|
|
42,376 |
|
|
42,376 |
|
|
| Amount due from subsidiary |
|
|
|
|
|
|
367,651 |
|
281,456 |
|
|
|
|
|
|
|
-------------- |
|
------------- |
|
|
|
|
242,893 |
|
184,269 |
561,588 |
|
398,646 |
15.
Creditors: Amounts falling duewithinoneyear |
|
|
|
|
|
|
|
|
|
|
|
|
|
Group |
|
|
|
Charity |
|
|
|
|
|
2021 |
|
2020 |
2021 |
|
2020 |
|
|
|
|
£ |
|
£ |
£ |
|
£ |
| Trade creditors |
|
|
|
284,901 |
|
70,713 |
259,853 |
|
56,808 |
| Social security and other taxes |
|
|
|
33,328 |
|
12,648 |
11,332 |
|
(8,458) |
| Other creditors |
|
|
|
79,841 |
|
57,577 |
79,816 |
|
56,668 |
| Accruals and deferred income |
|
|
|
90,284 |
|
109,918 |
76,815 |
|
104,285 |
|
|
|
|
-------------- |
------------- |
|
·------------ |
|
------------- |
|
|
|
|
488,354 |
|
250,856 |
427,816 |
|
209,303 |
16.
Unrestricted Funds |
|
|
|
|
|
|
|
|
|
|
|
|
2020 |
Income |
|
Costs |
Transfers |
|
2021 |
|
|
|
£ |
£ |
|
£ |
£ |
|
£ |
| General Funds |
|
446,157 |
|
3,340,266 |
(3,357,813) |
|
(175,261) |
|
253,349 |
| Designated Funds: |
|
|
|
|
|
|
|
|
|
| Halley Nursery |
|
|
|
452,881 |
(498,142) |
|
45,261 |
|
|
| Capital Reserve |
|
200,000 |
|
|
|
|
|
|
200,000 |
| Pension Liability |
|
(2,003,523) |
|
|
|
74,583 |
|
|
(1,928,940) |
| Clubs, Soc's & |
|
|
|
|
|
|
|
|
|
| Networks |
|
129,657 |
|
85,110 |
|
(53,779) |
|
|
160,988 |
| VAT Provision |
._50,000.__.. |
|
|
·------------- |
--------------- |
|
130,000 |
|
_ 180,000___ |
| Total Designated |
|
|
|
|
|
|
|
|
|
| Funds |
|
(1,623,866) |
|
537,991 |
(477,338) |
|
175,261 |
|
(1,387,952) |
|
.- |
- - - |
- - - - - -- - - - . |
·------------- |
- - - |
- -- - - - - - - - - - |
a |
|
--------------- |
| Total Unrestricted |
|
|
|
|
|
|
|
|
|
| Funds |
|
(1,177,709) |
|
3,878,257 |
(3,835,151) |
|
|
|
(1,134,603) |
|
2020 |
Income |
Costs |
Transfers |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Restricted donations |
|
|
|
|
|
| Capital Grant |
191,763 |
|
(31,961) |
|
159,802 |
|
|
------------- |
------------· |
·---------------- |
------------· |
|
193,763 |
|
(31,961) |
|
159,802 |
| Group |
Restricted |
Designated |
General |
|
| Fund balances at 31July 2021 |
funds |
fund |
funds |
Total |
| Represented by: |
£ |
£ |
£ |
£ |
| Tangiblefixed assets |
159,802 |
|
465,579 |
625,381 |
| Investments |
|
6,461 |
|
6,461 |
| Current assets |
|
534,527 |
86,425 |
620,951 |
| Current liabilities |
|
|
(298,655) |
(298,655) |
| Long term liabilities |
|
(1,928,940) |
|
(1,928,940) |
|
·--------------· |
--------------- |
--------------· |
·--------------- |
| Total net assets |
159,802 |
(1,387,952) |
253,349 |
(974,801) |
| Charity |
Restricted |
Designated |
General |
|
| Fund balances at 31 July 2021 |
funds |
fund |
funds |
Total |
| Represented by: |
£ |
£ |
£ |
£ |
| Tangiblefixed assets |
159,802 |
|
465,579 |
625,381 |
| Investments |
|
6,462 |
|
6,462 |
| Current assets |
|
534,526 |
20,097 |
554,621 |
| Current liabilities |
|
|
(232,327) |
(232,327) |
| Long term liabilities |
|
(1,928,940) |
|
(1,928,940) |
|
. - - - - - -- - -- - - - - . |
--------------- |
-------------- |
·--------------- |
| Total net assets |
159,802 |
(1,387,952) |
253,349 |
(974,801) |
|
2021 |
2020 |
|
Equipment& vehicles |
Equipment&vehicles |
|
£ |
£ |
| Operating leases which expire: |
|
|
| Within 1 year |
4,923 |
6,683 |
| Within 1 to 2 years |
|
4,103 |
|
4 923 |
10,786 |
| 20. |
|
|
| Is arrived at after charging: |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Depreciation |
135,661 |
122,927 |
Operating lease charges - plant&
machinery |
4,923 |
10,786 |
| Auditor's remuneration: |
|
|
| **Fees payable to the Charity auditor ** |
for |
|
| the audit of the financial statements |
13,000 |
11,000 |
| and consolidation |
|
|
Fees payable to the Charity auditor
and its associates for other services: |
5,000 |
3,350 |
|
Group |
Group |
|
2021 |
2020 |
|
£'000 |
£'000 |
| Netmovement in funds |
11 |
31 |
| Add back depreciationcharge |
136 |
123 |
| Deduct interest incomeshownininvesting |
|
|
| activities |
|
|
| (lncrease)/Decrease in stock |
8 |
13 |
| (lncrease)/Decreaseindebtors |
131 |
192 |
| (Increase)/Decrease in creditors |
(27) |
(9) |
|
|
------------- |
| Net cash used in operating activities |
259 |
(350) |
|
|
Group |
Group |
Charity |
Charity |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Pension liabilities |
|
1,928,940 |
2,003,523 |
1,928,940 |
2,003,523 |
|
|
1,928,940 |
2,003,523 |
1,928,940 |
2,003,523 |
| 27. Comparative full 19/20 SOFA |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
Funds |
Funds |
|
|
2020 |
2020 |
2020 |
2019 |
|
|
£ |
£ |
£ |
£ |
| Incomefrom: |
|
|
|
|
|
| Donations: |
|
|
|
|
|
| Blockgrant |
|
1,560,549 |
|
1,560,549 |
1,514,700 |
| Grant income |
|
25,000 |
|
25,000 |
9,400 |
| Charitable activities: |
|
|
|
|
|
| Freshers, student shops and bars |
3 |
2,425,620 |
|
2,425,620 |
3,001,567 |
| Union services, sports and otheractivities |
4 |
1,072,946 |
|
1,072,946 |
887,550 |
| Other trading activities: |
|
|
|
|
|
| Nurseryand othertrading |
2 |
449,568 |
|
449,568 |
625,949 |
| Investments |
|
579 |
|
579 |
373 |
| Total income |
|
5,534,262 |
|
5,534,262 |
6,039,539 |
| Expenditure on: |
|
|
|
|
|
| Raising funds: |
|
|
|
|
|
| Nurseryand othertrading |
5 |
611,016 |
|
611,015 |
707,215 |
| Grant Expenditure |
|
|
|
|
|
| Charitable activities: |
|
|
|
|
|
| Freshers, student shops and bars |
6 |
2,431,679 |
|
2,431,680 |
2,878,612 |
| Union services, sports and otheractivities |
7 |
2,418,826 |
41,361 |
2,460,187 |
2,693,906 |
|
|
·---------------------· |
-------------------- |
--------------- |
--------------- |
| Total Expenditure |
8 |
5,461,521 |
41,361 |
5,502,882 |
6,279,733 |
| Net (expenditure)/Income |
|
72,741 |
(41,361) |
31,380 |
(240,194) |
| Net movement in funds |
|
72,741 |
(41,361) |
31,380 |
(240,194) |
|
|
----------------------· |
. |
--------------- |
--------------- |
| Fund balances brought forward |
|
(1,250,450) |
233,124 |
(1,017,326) |
(777,132) |
|
|
----------------------· |
-------------------- |
--------------- |
--------------- |
| Funds Balance at 31 July |
|
(1,177,709) |
191,763 |
(985,946) |
(1,017,326) |
| Group |
Restricted |
Designated |
General |
|
| Fund balances at 31 July 2020 |
funds |
fund |
funds |
Total |
| Represented by: |
£ |
£ |
£ |
£ |
| Tangiblefixed assets |
191,763 |
|
358,972 |
550,735 |
| Investments |
|
6,461 |
|
6,461 |
| Current assets |
|
373,196 |
338,041 |
711,237 |
| Current liabilities |
|
|
(250,856) |
(250,856) |
| Long termliabilities |
|
(2,003,523) |
|
(2,003,523) |
|
--------------- |
--------------- |
------------- |
--------------- |
| Total net assets |
191,763 |
(1,623,866) |
446,157 |
(985,946) |
| Charity |
Restricted |
Designated |
General |
|
| Fund balances at 31 July 2020 |
funds |
fund |
funds |
Total |
| Represented by: |
£ |
£ |
£ |
£ |
| Tangiblefixed assets |
191,763 |
|
358,972 |
550,735 |
| Investments |
|
6,462 |
|
6,462 |
| Current assets |
|
373,195 |
296,488 |
669,683 |
| Current liabilities |
|
|
(209,303) |
(209,303) |
| Long termliabilities |
|
(2,003,523) |
|
(2,003,523) |
|
--------------- |
--------------- |
------------- |
--------------- |
| Total net assets |
191,763 |
(1,623,866) |
446,157 |
(985,946) |
|
|
|
Other |
|
|
Total of |
|
|
Freshers |
Trading |
Retail |
F&B |
Trading |
|
|
£ |
£ |
£ |
£ |
£ |
| Turnover |
|
41,425 |
34,015 |
674,425 |
734,582 |
1,484,447 |
| Cost sales |
|
|
|
(443,918) |
(32,908) |
(476,826) |
| Total |
|
41,425 |
34,015 |
230,507 |
701,674 |
1,007,621 |
| Salaries |
|
(3,479) |
|
(175,251) |
(414,432) |
(593,162) |
| Direct Exp |
|
(27,611) |
|
(64,596) |
(34,001) |
(126,208) |
|
|
10,335 |
34,015 |
(9,340) |
253,241 |
288,251 |
| Dep'n |
|
|
|
|
|
|
| Totals pre overhead |
|
10,335 |
34,015 |
(9,340) |
253,241 |
288,251 |
|
|
--------------------------------------------------------------------------------------------· |
|
|
|
|
| Overhead |
|
(19,730) |
|
(121,000) |
(93,431) |
(234,162) |
| Overall Totals |
|
(9,395) |
34,015 |
(130,340) |
159,810 |
54,090 |
| Totals pre overhead |
|
|
|
|
|
|
| 19/20 |
|
(11,898) |
48,530 |
(92,051) |
97,889 |
42,471 |
|
|
|
|
|
Man.,HR, |
|
|
|
Union |
|
|
Admin& |
Overall |
|
S&A |
Services |
Nursery |
Governance |
Finance |
Totals |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Turnover |
112,067 |
3,040 |
452,881 |
1,600,948 |
224,874 |
3,878,257 |
| Cost sales |
|
|
|
|
|
(476,826) |
| Total |
112,067 |
3,040 |
452,881 |
1,600,948 |
224,874 |
3,401,431 |
| Salaries |
(233,556) |
(468,559) |
(430,098) |
(8,320) |
(407,518) |
(2,141,213) |
| Direct Exp |
(285,653).....(91,466)......(68,044).....(72,518)....----(544,106).......(1,187,995) |
|
|
|
|
|
|
(407,142) |
(556,985) |
(45,261) |
1,520,110 |
(726,750) |
72,223 |
| Dep'n |
|
(134,537) |
(1,124) |
|
|
(135,661) |
| Pension liability |
|
|
|
|
74,583 |
74,583 |
| Totals pre overhead |
(407,142) |
(691,522) |
(46,385) |
1,520,110 |
(652,167) |
11,145 |
| Overhead |
(190,616) |
(249,421) |
(158,164) |
|
832,362 |
|
| Overall Totals |
(597,758) |
(940,943) |
(204,549) |
1,520,110 |
180,195 |
11,145 |
|
= |
|
|
|
|
|
| Total Pre Overhead |
|
|
|
|
|
|
| 19/20 |
(679,286) |
(911,239) |
(209,977) |
1,536,734 |
252,678 |
31,380 |