## 

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|**CONTENTS**|**PAGE**|
|---|---|
|Trustees' Report|3|
|Independent Auditor's Report to the Members|16|
|Consolidated Statement ofFinancial Activities|20|
|Statement ofFinancial Position|21|
|Consolidated Statement ofCash Flows|22|
|Notes to the Financial Statements|`23`|





## 

||**2022/23**||**2021/22**|
|---|---|---|---|
|President #|Rania Regaieg<br>(Appointed 25/06/21)|President #|Evan Botwood<br>(Resigned 24/06/22)|
|VicePresident Education #|LilyDiyemowei|VicePresident Education#|OluwadamilolaOkeyoyin|
||(Appointed 25/06/22)||(Resigned 24/06/22)|
|VicePresident Sports &|DohaLaftimi|VicePresident Sports &|Molly Harris|
|Health#|(Appointed 25/06/22)|Health#|(Resigned 24/06/22)|
|VicePresident Community|Rahul Aswani|VicePresident Community|RaniaRegaieg|
|&Welfare#|(Appointed 25/06/22)|&Welfare#|(Appointed 25/06/21)|
|VicePresident Societies|Bethel Ekaette|VicePresident Societies|Samuel Ikpe|
|&Communication #|(Appointed 25/06/22)|&Communication #|(Resigned 24/06/22)|
|External Trustee|Helen Balmer|External Trustee|HelenBalmer|
|||Student Trustee|Kieran Woodhouse|
|Student Trustee|Vacant||(Resigned 24/06/22)|
|||Student Trustee|Chris Clements|
|External Trustee|Chris Clements|||
|External Trustee|Les Redwood|External Trustee|Les Redwood|





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1 December 2022 



## 

|||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
|||Funds|Funds|||
|||2022|2022|2022|2021|
|||£|£|£|£|
|**_Incomefrom:_**||||||
|**Donations:**||||||
|Block grant||1,640,000||1,640,000|1,600,900|
|Grant income||||||
|CJRS Income||28,759||28,759|540,820|
|**Charitable activities:**||||||
|Freshers, student shops and bars|3|2,515,956||2,515,956|1,132,032|
|Union services, sports and otheractivities|4|676,803||676,803|117,561|
|**Other trading activities:**||||||
|Nurseryand othertrading|2|566,348||566,348|486,896|
|Investments||144||144|48|
|**Total income**||**5,428,010**||**5,428,010**|**3,878,257**|
|**_Expenditure on:_**||||||
|**Raising funds:**||||||
|Nurseryand othertrading|5|632,826||632,826|657,430|
|Grant expenditure|7|||||
|**Charitable activities:**||||||
|Freshers, student shops and bars|6|2,546,180||2,546,180|1,430,357|
|Union services, sports and otheractivities|7|2,221,588|31,961|2,253,549|1,779,325|
|||·----------------------|--------------------|------------------|----------------|
|**Total Expenditure**||**5,400,594**|**31,961**|**5,432,555**|**3,867,112**|
|**Net (expenditure)/lncome**||**27,416**|**(31,961)**|**(4,545)**|**11,145**|
|**Net movement in funds**||**27,416**|**(31,961)**|**(4,545)**|**11,145**|
|||·----------------------|--------------------|·-----------------|. - - - - - -- - - - - - - - -|
|Fund balances brought forward||(1,134,603)|159,802|(974,801)|(985,946)|
|||-----------------------|--------------------|------------------|·---------------|
|**Funds Balance at 31 July**||**(1,107,187)**|**127,841**|**(979,346)**|**(974,801)**|





## 

|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||£|£|£|£|
|**Fixed Assets**||||||
|Property, Plant & Equipment|11|577,307|625,382|577,307|625,382|
|Investments|12|6,461|6,461|6,462|6,462|
|||·---------------|---------------|-----------------|·--------------·|
|**Total Fixed Assets**||583,768|631,843|583,769|631,844|
|**Current Assets**||||||
|Inventories|13|112,406|74,918|5,058|8,806|
|Debtors|14|82,090|242,893|522,915|561,588|
|Cash at bank and in hand||569,547|492,839|75,626|179,717|
|||·---------------|.|`-----------------`|·--------------·|
|**Total Current Assets**||764,043|810,650|603,599|750,111|
|**Creditors:** Amounts falling due||||||
|within one year|15|(487,055)|(488,354)|(326,612)|(427,816)|
|||----------------|..|-----------------|. - - - - - - -- - - - - - - -|
|**Net Current Assets/(Liabilities)**||276,988|322,296|276,987|322,295|
|**Creditors:** Amounts falling due||||||
|after one year|26|(1,840,102)|(1,928,940)|(1,840,102)|(1,928,940)|
|||----------------|---------------|-----------------|·--------------·|
|**Net Assets/(Liabilities)**||**(979,346)**|**(974,801)**|**(979.346)**|**(974.801)**|
|**Capital and Reserves::**||||||
|Unrestricted funds||||||
|General funds|16|392,363|253,349|392,363|253,349|
|Designated funds|16|(1,499,550)|(1,387,952)|(1,499,550)|(1,387,952)|
|Restricted funds|17|127,841|159,802|127,841|159,802|
|||----------------|---------------|-----------------|- - - - - - - - - - - - - - .|
|**Total Funds**||(979.346)|(974.801)|(979.346)|(974.801)|





|||**Group**|**Group**|
|---|---|---|---|
|||**2022**|**2021**|
|||**£'000**|**£'000**|
|**Cash/generated by operating activities**|**25**|171|259|
|**Cash flows from investing activities**||||
|Interest income||||
|Purchase oftangible fixed assets||(94)|(210)|
|Return ofinvestments||||
|**Cash provided used in investing activities**||(94)|(210)|
|**Cash flows from financing activities**||||
|Repayment ofborrowing||||
|**Cash used in financing activities**||||
|Increase in cash and cash equivalents in the year||77|49|
|Cash and cash equivalents at the beginning ofthe||||
|year||`493`|`444`|
|**Total cash and cash equivalents at the end of the**||||
|**year**||570|`493`|





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||**2022**|**2021**|
|---|---|---|
||£|£|
|**Nursery**|507,626|452,881|
|**Other Trading**|58,722|34,015|
||566,348|486,896|



||**2022**|**2021**|
|---|---|---|
||£|£|
|**Freshers**|59,280|41,425|
|**Retail**|1,764,849|674,425|
|**Food**& **Beverage**|691,827|416,182|
||2,515,956|1,132,032|



|||**2022**|**2021**|
|---|---|---|---|
|||£|£|
|**Sports**|& **Other Activities**|647,557|114,521|
|**Union **|**Services**|29,246|3,040|
|||676,803|117,561|



||**2022**|**2021**|
|---|---|---|
||£|£|
|**Nursery**|632,826|657,430|
|**Other Trading**|o|o|
||632,826|657,430|





||**2022**|**2021**|
|---|---|---|
||£|£|
|**Freshers**|88,379|50,820|
|**Retail**|1,775,982|804,765|
|**Food**& **Beverage**|681,819|574,772|
||. - - -- - - - - - - - - -|-- - - - - - - - - - - - - -|
||2,546,180|1,430,357|



|||**2022**|**2021**|||
|---|---|---|---|---|---|
|||£|£|||
|**Sports** & **Other Activities**||1,065,134|709,825|||
|**Union Services**||1,180,028|1,063,245|||
|**Governance**||97,225|80,838|||
|**Pension Liability Adjustment**||(88,838)|(74,583)|||
|||.|-------------·|||
|||2,253,549|1,779,325|||
|**8.**<br>**Expenditure**||||||
||**Direct**|**Staff**|**Support**|**2022**|**2021**|
|**Usage**||||**Total**|**Total**|
||£|£|£|£|£|
|**_Charitable_**||||||
|Clubs, Societies & Networks||||||
|(20%)|670,843|217,874|176,417|1,065,134|709,824|
|Student Rep & Officers (7%)|108,508|221,324|61,662|391,494|363,460|
|Advice Centre (4%)|40,207|108,056|61,662|209,925|182,477|
|Campus Support (3%)|60,233|34,043|61,662|155,938|133,676|
|Communications (5%)|68,087|140,792|61,662|270,541|264,370|
|**_Commercial_**||||||
|Nursery (12%)|61,152|440,648|131,026|632,826|657,430|
|Commercial activities (47%)|1,659,475|692,248|194,457|2,546,180|1,430,357|
|**Governance (2%)**|88,744|8,481||97,225|80,838|
|**Overheads recharged (3%)**|(190,000)|342,130||152,130|119,262|
|**Pensions deficit/movement (-2%)**|(88,838)|||(88,838)|(74,583)|
||-------------|---------------|- - - - - - -- -- - - -|- - - - - - -- - - - - - - -|-------------|
||2,478,411|2,205,596|748,548|5,432,555|3,867,111|





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## 

||**2022**|**2021**|
|---|---|---|
||**No.**|**No.**|
|**Permanent Staff**|96|86|
|**Student Staff**|95|71|
||--------------|·---------------|
||191|157|



||**2022**|**2021**|
|---|---|---|
||**No.**|**No.**|
|**Permanent Staff**|78|76|
|**Student Staff**|14|11|
||---------------|----------------|
||92|87|
|The costs ofthe above|||
|were:|||
||**2022**|**2021**|
||£|£|
|**Wages** & **salaries**|1,933,346|1,872,019|
|**Social security**|135,289|133,132|
|**Pension costs**|136,960|136,062|
||2,205,595|2,141,213|



|Banding for pay over£60,000/annum:|||
|---|---|---|
||**2021/22**|**2020/21**|
|||**No. of**|
||**No. of staff**|**staff**|
|£70,000-£79,999|o|o|
|£80,000-£89,999|1|1|
|£90,000+|o|o|





## 

|||**2022**||||**2021**|||
|---|---|---|---|---|---|---|---|---|
||**Payroll**|**Expenses**|**Pension**|**Total**|**Payroll**|**Expenses**|**Pension**|**Tota**|
||£|£|£|£|£|£|£|£|
|Ante|||||21,442|516|573|22,5:|
|Botwood|21,866|1,410|(71)|23,205|2,649||71|2,72|
|Clements|||||||||
|Harris|21,673|249|567|22,489|2,649||71|2,72|
|Okeyoyin|21,964|1,220|567|23,751|2,649||71|2,72|
|Edje|||||21,326|519|466|22,31|
|Regaieg|24,330|1,163|628|26,121|2,649||71|2,72|
|Ipke|21,767|646|1,566|23,979|24,104|22|1,708|25,8:|
|Nnajiofor|||||21,865|2,304|1,552|25,7|
|Ojiako|||||21,398|1,618|573|23,5|
|Aswani|2,864|50|389|3,303|||||
|Ekaette|2,934|556|74|3,564|||||
|Laftimi|2,934|50|74|3,058|||||
|Diyemowei|2,934|50|74|3,058|||||
|Redwood|||||||||
|Tatah|||||||||
|Woodhouse|||||||||
||123,266|5,394|3,868|132,528|120,731|4,979|5,156|130,8|





## 

||**Fixtures**|
|---|---|
||&|
||**Fittings**|
|**Group and**||
|**Charity**||
||£|
|**Cost**||
|At l August 2021|2,281,984|
|Additions|94,112|
|At 31 July 2022|2,376,096|
|**Depreciation**||
|At 1 August 2021|1,656,602|
|Chargeforthe||
|year|142,186|
|At 31 July 2022|1,798,789|
|**Net Book Value**||
|At 31 July 2022|577,307|
|At 31 July 2021|625,382|



## 

|**Group**|**Shares in**|**Deposits**|**Total**|
|---|---|---|---|
||**Subsidiary**|||
||£|£|£|
|**At Cost**||||
|At 1 August 2021||6,461|6,461|
|Additions||||
|Disposals||||
|At 31 July 2022|=====|6,461|6,461|
||30|||





|**Charity**|**Shares in**|**Deposits**|**Total**|
|---|---|---|---|
||**Subsidiary**|||
||£|£|£|
|**At Cost**||||
|At I August 202**l**||6,461|6,462|
|Additions||||
|Disposals||||
||·---------------|---------------·|-------------|
|At 31 July 2022||6,461|6,462|



||**`2022`**|**`2021`**|
|---|---|---|
|**UWESU Services Ltd - Profit and loss**|||
|**account**|£|£|
|Turnover|2,545,919|1,166,047|
|CJRS|28,759|318,400|
|Expenditure|{2,546,179)|{1,430,357)|
|Net Profit|28,499|54,090|
|DistributionUWE SU|(28,499)|(54,090)|
|Retainedprofits broughtforward|||
|Retained profits carried forward|||
|**UWESU Services Ltd- Balance sheet**|||
|Currentassets|655,868|433,979|
|Current liabilities|(655,867)|(433,978)|
|Called up share capital|||
|Profit and loss account|||



## 

||||**Group**|||**Charity**||
|---|---|---|---|---|---|---|---|
|||**`2022`**||**`2021`**|**`2022`**||**`2021`**|
|||£||£|£||£|
|**Goods **|**for own use**|5,058||8,806|5,058||8,806|
|**Goods **|**for resale**|107,347||66,112||||
|||112,405||74,918|5,058||8,806|





|||**Group**|**Group**|**Charity**|**Charity**|**Charity**|
|---|---|---|---|---|---|---|
|||**2022**|**2021**|**2022**||**2021**|
|||£|£|£||£|
|**Trade and sundry debtors**||21,993|25,919|16,064||14,962|
|**Prepayments and accrued income**||60,097|174,598|11,428||136,598|
|**SS and other taxes**|||42,376|||42,376|
|**Amount due from subsidiary**||||495,423|367,651||
|||·------------·|-------------|·-----------|.- - -|- -- - - - - - - - -|
|||82,090|242,893|522,915|561,587||
|**15.**<br>**Creditors:** Amounts|falling duewithin oneyear||||||
|||**Group**||**Charity**|||
|||**2022**|**2021**|**2022**||**2021**|
|||£|£|£||£|
|**Trade creditors**||161,617|284,901|69,633|259,853||
|**Social security and other taxes**||46,140|33,328|25,243||11,332|
|**Other creditors**||52,053|79,841|51,653||79,816|
|**Accruals and deferred income**||227,245|90,284|180,083||76,815|
|||--------------|-------------|·------------|-------------||
|||487,055|488,354|326,612|427,816||
|**16.**<br>**Unrestricted Funds**|||||||
||**2021**|**Income**|**Costs**|**Transfers**||**2022**|
||£|£|£|£||£|
|**General Funds**|253,349|4,583,487|{4,624,473)|180,000|392,363||
|**_Designated Funds:_**|||||||
|**Halley Nursery**|`(O)`|507,626|(501,800)|o||5,826|
|**Capital Reserve**|200,000|o|o|o|200,000||
|**Pension Liability**|(1,928,940)|o|88,838|o|{1,840,102)||
|**Clubs, Soc's** &|||||||
|**Networks**|160,988|336,897|(363,159)|o|134,726||
|**VAT provision**|_180,000...._|o<br>-------------|o<br> .....|180.000)..|- - - -|o<br>-- - - - - - - - - -|
|**Total Designated**|||||||
|**Funds**|(1,387,952)|844,523|(776,121)|(180,000)|(1,499,550)||
|- - --- - --- - - - - - - - -||·-------------|---------------|.|- - - -|- - - - - - - - - - -|
|**Total Unrestricted**|||||||
|**Funds**|(1,134,603)|5,428,010|(5,400,594)|o|(1,107,187)||





## 

||**2021**|**Income**|**Costs**|**Transfers**|**2022**|
|---|---|---|---|---|---|
||£|£|£|£|£|
|**Restricted donations**|o|o|o|o|o|
|**Capital Grant**|159,802|o|(31,961)|o|127,841|
||-------------|`-------------`|---------------|---------------|-------------|
||159,802|o|(31,961)|o|127,841|



## 

|**Group**|**Restricted**|**Designated**|**General**||
|---|---|---|---|---|
|**Fund balances at 31 July 2022**|**funds**|**fund**|**funds**|**Total**|
|**Represented by:**|£|£|£|£|
|Tangiblefixed assets|127,841||449,466|577,307|
|Investments||6,462||6,462|
|Current assets||334,090|429,952|764,043|
|Current liabilities|||(487,055)|(487,055)|
|Long term liabilities||(1,840,102)||(1,840,102)|
||- - - - - - - - - - -- - - .|---------------|-------------|---------------|
|**Total net assets**|127,841|(1_499,550)|392,363|(979,346)|
|**Charity**|Restricted|Designated|General||
|**Fund balances at 31 July 2022**|funds|fund|funds|Total|
|**Represented by:**|£|£|£|£|
|Tangible fixed assets|127,841||449,466|577,307|
|Investments||6,462||6,462|
|Current assets||334,090|363,624|697,714|
|Current liabilities|||(420,727)|(420,727)|
|Long term liabilities||(1,840,102)||(1,840,102)|
||--------------·|---------------|-------------|---------------|
|**Total net assets**|127,841|(1,499,550)|392,363|(979.346|





## 

||**2022**|**2021**|
|---|---|---|
||**Equipment**&|**Equipment**&|
||**vehicles**|**vehicles**|
||£|£|
|**Operating leases which expire:**|||
|**Within 1 year**|2,051|4,923|
|**Within 1 to 2 years**|o|o|
||2,051|4,923|



||**2022**|**2021**|
|---|---|---|
||£|£|
|**Depreciation**|142,186|135,661|
|**Operating lease charges - plant**&<br>**machinery**|4,923|6,974|
|**Auditor's remuneration:**|||
|**Fees payable to the Charity auditor for**|||
|**the audit of the financial statements and**|14,500|13,000|
|**consolidation**|||
|**Fees payable to the Charity auditor and**<br>**its associates for other services:**|6,350|5,000|



## 



## 



## 

|||**Group**|**Group**|**Group**|
|---|---|---|---|---|
||||**2022**|**2021**|
||||**£'000**|**£'000**|
|Net movement in funds|||(5)|**11**|
|Add backdepreciationcharge|||142|136|
|Deduct interest incomeshown in investing|||||
|activities|||o|o|
|(Increase)/Decrease in stock|||(37)|8|
|(Increase)/Decrease in debtors|||161|131|
|(Increase)/Decrease in creditors|||(90)|(27)|
||-|- -|- - - - - -- - --|-------------|
|**Net cash used in operating activities**|||171|259|





||||**Group**|**Group**||**Charity**|**Charity**|
|---|---|---|---|---|---|---|---|
|||**2022**||**2021**|**2022**||**2021**|
|||£||£|£||£|
|Pension liabilities||1,840,l02||1,928,940|1,840,102||1,928,940|
|||1,840,102||1,928,940|1,840,102||1,928,940|
|**27. Comparative full 20/21 SOFA**||||||||
|||Unrestricted||Restricted|Total Funds||Total Funds|
|||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 and bars|3|l,132,032|||1,132,032||2,425,620|
|Union services, sports and other activities|4|117,561|||117,561||653,560|
|**Other trading activities:**||||||||
|Nursery and other trading|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:**||||||||
|Nursery and other trading|5|657,430|||657,430||611,015|
|Grant expenditure|7|||||||
|**Charitable activities:**||||||||
|Freshers, student shops and bars|6|1,430,357|||1,430,357||2,431,680|
|Union services, sports and other activities|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)||(l,O 17,326)|
|||. - - -- -- - - - - - - - - - - - - -|- - -|--------------------|. -- - - - - - - - - - - - -|- - -|·---------------|
|**Funds Balance at 31 July**||**(1,134,603)**||**159,802**|**(974,801)**||**(985,946)**|





## 

|**Group**|**Restricted**||**Designated**|**General**||||
|---|---|---|---|---|---|---|---|
|**Fund balances at 31July 2021**|**funds**||**fund**|**funds**|||**Total**|
|**Represented by:**|£||£|£|||£|
|Tangible fixed assets|159,802|||465,579|||625,381|
|Investments|||6,462||||6,462|
|Current assets|||534,526|86,425|||620,951|
|Current liabilities||||(298,655)||(298,655)||
|Long term liabilities|||(1,928,940)|||(1,928,940)||
||---------------||e.|-------------|a|a|a<br>a<br>a a<br>a<br>a|
|**Total net assets**|159,802||(1_387952)|253,349||(974.801)||
|**Charity**|Restricted||Designated|General||||
|**Fund balances at 31July 2021**|funds||fund|funds|||Total|
|**Represented by:**|£||£|£|||£|
|Tangible fixed assets|159,802|||465,579|||625,381|
|Investments|||6,462||||6,462|
|Current assets|||534,526|20,097|||554,623|
|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)|