2023-07-31-accounts

CONTENTS	PAG
Trustees'Report	3
IndependentAuditor'sReporttotheMembers	16
ConsolidatedStatementofFinancialActivities	20
StatementofFinancialPosition	21
ConsolidatedStatementofCashFlows	22
NotestotheFinancialStatements	23

	2023/24		2022/23
President#	OlureKolawoleSamuel (Appointed30/06/23)	President#	RaniaRegaieg (Resigned30/06/23)
VicePresidentEducation	SabihaKhan(Appointed	VicePresidentEducation	LilyDiyemowei
	30/06/23)		(Resigned30/06/23)
VicePresidentSports&	KrishnaSingh	VicePresidentSports&	DohaLaftimi(Resigned
Health#	(Appointed30/06/23)	Health#	30/06/23)
VicePresidentCommunity	FayazAbdulKareem	VicePresident	RahulAswani
&Welfare#	(Appointed30/06/23)	Community&Welfare#	(Resigned30/06/23)
VicePresidentSocieties	BethelEkaette	VicePresidentSocieties	BethelEkaette
&Communication#		&Communication#	(Appointed25/06/22)
ExternalTrustee	HelenBalmer	ExternalTrustee	HelenBalmer
		StudentTrustee	KieranWoodhouse
StudentTrustee	AengusMiralto		(Resigned24/06/22)
	Desmond(Appointed
	18/10/22)	ExternalTrustee	ChrisClements
			(Resigned20/03/23)
StudentTrustee	ViljoWilding
	(Appointed18/10/22-	ExternalTrustee	LesRedwood
	Resigned30/06/23)
ExternalTrustee	SarahBolt
	(Appointed20/03/23)
ExternalTrustee
	LesRedwood

Keymanagementpersonnel:SeniorMana	gement
ChiefExecutiveOfficer:	TimBenford
FinanceManager:	MichaelBlades
Bankers:	NationalWestminsterBankPlc
	72GloucesterRoad
	Bishopston
	Bristol,BS78BF
Solicitors:	OsborneClarke
	2TempleBackEast
	TempleQuay
	Bristol,BS16EG
	SpencerWest
	20ChiswellStreet
	London
	EC1Y4TW
Auditor:	RSMUKAuditLLP
	HartwellHouse
	55-61VictoriaStreet
	Bristol,BS16AD

30 November 2023

		Unrestricted	Restricted	TotalFunds	TotalFunds
		Funds	Funds
		2023	2023	2023	2022
		£	£	£	£
Incomefront:
Donations:
Blockgrant		1,930,000	-	1,930,000	1,640,000
Grantincome		48,036	-	48,036
Charitableactivities:
Freshers,studentshopsandbars	3	2,787,043	-	2,787,043	2,515,956
Unionservices,sportsandotheractivities	4	676,505	-	676,505	705,562
Othertradingactivities:
Nurseryandothertrading	2	622,449		622,449	566,348
Investments		4,344		4,344	144
Totalincome		6,068,377		6,068,377	5,428,010
Expenditureon:
Raisingfunds:
Nurseryandothertrading	5	720,698	-	720,698	632,826
Grantexpenditure	7	-		-
Charitableactivities:
Freshers,studentshopsandbars	6	2,683,839	-	2,683,839	2,546,180
Unionservices,sportsandotheractivities	7	2,619,125	31,961	2,651,086	2,253,549
TotalExpenditure		6,023,662	31,961	6,055,623	5,432,555
Net(expenditure)/Income		44,715	(31,961)	12,754	(4,545)
Netmovementinfunds		44,715	(31,961)	12,754	(4,545)
Fundbalancesbroughtforward		(1,107,187)	127,841	(979,346)	(974,801)
FundsBalanceat31July		(1,062,472)	95,880	(966,592)	(979,346)

		Group	Group	Charity	Charity
		2023	2022	2023	2022
		£	£	£	£
FixedAssets
Property,Plant&Equipment	11	522,253	577,307	522,253	577,307
Investments	12	6,461	6,461	6,462	6,462
TotalFixedAssets		528,714	583,768	528,715	583,769
CurrentAssets
Inventories	13	88,726	112,406	8,617	5,058
Debtors	14	155,257	82,090	404,311	522,915
Cashatbankandinhand		388,244	569,547	113,044	75,626
TotalCurrentAssets		632,227	764,043	525,972	603,599
Creditors:Amountsfallingdue
withinoneyear	15	(386,648)	(487,055)	(280,394)	(326,612)
NetCurrentAssets/(Liabilities)		245,579	276,988	245,578	276,987
Creditors:Amountsfallingdue
afteroneyear	26	(1,740,885)	(1,840,102)	(1,740,885)	(1,840,102)
NetAssets/(Liabilities)		(966,592)	(979,346)	(966,592)	(979,346)
CapitalandReserves::
Unrestrictedfunds
Generalfunds	16	372,950	392,363	372,950	392,363
Designatedfunds	16	(1,435,422)	(1,499,550)	(1,435,422)	(1,499,550)
Restrictedfunds	17	95,880	127,841	95,880	127,841
TotalFunds		(966,592)	(979,346)	(966,592)	(979,346)

		Group	Group
		2023	2022
		£'000	£'000
Cash/generatedbyoperatingactivities	25	(60)	171
Cashflowsfrominvestingactivities
Interestincome		4
Purchaseoftangiblefixedassets		(126)	(94)
Returnofinvestments
Cashprovidedusedininvestingactivities		(122)	(94)
Cashflowsfromfinancingactivities
Repaymentofborrowing
Cashusedinfinancingactivities
Increaseincashandcashequivalentsintheyear		(182)	77
Cashandcashequivalentsatthebeginningofthe
year		570	493
Totalcashandcashequivalentsattheendofthe
year		388	570

	2023	2022
	£	£
Nursery	554,747	507,626
OtherTrading	67,702	58,722
	622,449	566,348

	2023	2022
	£	£
Freshers	78,765	59,280
Retail	2,042,878	1,764,849
Food&Beverage	665,400	691,827
	2,787,043	2,515,956

	2023	2022
	£	£
Sports&OtherActivities	657,989	676,316
UnionServices	18,516	29,246
	676,505	705,562

	2023	2022
Nursery	720,698	632,826
OtherTrading
	720,698	632,826

	2023	2022
Freshers	78,351	88,379
Retail	1,963,239	1,775,982
Food&Beverage	642,250	681,819
	2,683,840	2,546,180

	2023	2022
Sports&OtherActivities	1,215,486	1,065,134
UnionServices	1,499,563	1,180,028
Governance	35,254	97,225
PensionLiabilityAdjustment	(99,217)	(88,838)
	2,651,086	2,253,549

	Direct	Staff	Support	2023	2022
Usage				Total	Total
	£	£	£	£	£
Charitable
Clubs,Societies&Networks
(20%)	801,447	247,200	166,839	1,215,486	1,065,134
StudentRep&Officers(7%)	127,928	239,028	56,217	423,173	391,494
AdviceCentre(4%)	46,783	115,239	56,217	218,239	209,925
CampusSupport(3%)	66,000	36,043	56,217	158,260	155,938
Communications(5%)	108,139	146,898	56,217	311,254	270,541
Commercial
Nursery(12%)	99,579	498,416	122,703	720,698	632,826
Commercialactivities(44%)	1,851,370	712,021	120,448	2,683,839	2,546,180
Governance(1%)	26,461	8,793	-	35,254	97,225
Overheadsrecharged(6%)	5,461	383,176	-	388,637	152,130
Pensionsdeficit/movement(-
2%)	(99,217)			(99,217)	(88,838)
	3,033,951	2,386,814	634,858	6,055,623	5,432,555

	2023	2022
	No.	No.
PermanentStaff	83	96
StudentStaff	86	95
	169	191

	2023	2022
	No.	No.
PermanentStaff	69	78
StudentStaff	24	14
	93	92
Thecostsoftheabove
were:
	2023	2022
	£	£
Wages&salaries	2,073,375	1,933,346
Socialsecurity	131,744	135,289
Pensioncosts	127,898	136,960
	2,333,017	2,205,595

	2022/23	2021/22
		No.of
	No.ofstaff	staff
£70,000-£79,999
£80,000-£89,999	1	1
£90,000+

			2023	2023			2022	2022
		Payroll	Expenses	Pension	Total	Payroll	Expenses	Pension	Total
		£	£	£	£	£	£	£	£
Evan	Botwood		-	-		21866	1410	-71	23,205
:Iris	Clements		-
dolly	Harris			-		21673	249	567	22,489
)luwadamilola	Okeyoyin			-		21964	1220	567	23,751
>abiha	Khan	2257	16		2,273		-	-
tania	Regaieg	23134		639	23,773	24330	1163	628	26,121
;amuel	Ipke	-		-		21767	646	1566	23,979
	Olure
;amuel	Kolawole	2257	-		2,257		-
(rishna	Singh	2257	-	-	2,257		-		-
t.ahul	Aswani	23134	17	1145	24,296	2864	50	389	3303
3ethel	Ekaette	25474	428	701	26,603	2934	556	74	3564
)oha	Laftimi	22714	48	639	23,400	2934	50	74	3058
_,ily	Diyernowei	23222	252	653	24,127	2934	50	74	3058
..es	Redwood	-		-	-	-	-		-
'ayazAbdul	Kareem	2257	-		2,257
Cieran	Woodhouse				-				-
iiljo	Wilding	-	-
totals		126,706	761	3,777	131,244	123,266	5,394	3,868	132,528

	Fixtures
	Fittings
Groupand
Charity
Cost
At1August2022	2,376,096
Additions	125,563
At31July2023	2,501,659
Depreciation
At1August2022	1,798,789
Chargeforthe
year	180,617
At31July2023	1,979,406
NetBookValue
At31July2023	522,253
At31July2022	577,308

Group	Sharesin	Deposits	Total
	Subsidiary
	£	£	£
AtCost
At1August2021		6,461	6,461
Additions
Disposals
At31July2022		6,461	6,461

Charity	Sharesin	Deposits	Total
	Subsidiary
	£	£	£
AtCost
At1August2021	1	6,461	6,462
Additions
Disposals
At31July2022	1	6,461	6,462

	2023	2022
UWESUServicesLtd—Profitandloss
account
Turnover	2,854,746	2,574,678
Expenditure	(2,683,840)	(2,546,180)
NetProfit	170,906	28,498
DistributionUWESU	(170,906)	(28,498)
Retainedprofitsbroughtforward
Retainedprofitscarriedforward
UWESUServicesLtd—Balancesheet
Currentassets	481,116	655,867
Currentliabilities	(481,115)	(655,866)
	1	1
Calledupsharecapital	1	1
Profitandlossaccount

		Group			Charity
	2023		2022	2023		2022
	£		£	£		£
Goodsforownuse	8,617		5,058	8,617		5,058
Goodsforresale	80,109		107,347	-		-
	88,726		112,405	8,617		5,058

4. Debtors
			Group	Charity
		2023	2022	2023	2022
Tradeandsundrydebtors		23,387	21,993	(15,830)	16,064
Prepaymentsandaccruedincome		131,870	60,097	45,279	11,428
SSandothertaxes
Amountfl ,,Pfromsubsidiary				374,862	495,423
		155,257	82,090	404,311	522,915
5. Creditors:Amounts	fallingduewithinoneyear
		Group		Charity
		2023	2022	2023	2022
				£	£
Tradecreditors		128,318	161,617	74,875	69,633
Socialsecurityandothertaxes		16,897	46,140	(3,685)	25,243
Othercreditors		47,889	52,053	46,651	51,653
Accrualsanddeferredincome		193,544	227,245	162,553	180,083
		386,648	487,055	280,394	326,612
6. UnrestrictedFunds
	2022	Income	Costs	Transfers	2023
	£	£	£
GeneralFunds	392,363	5,125,944	(5,113,927)	(31,430)	372,950
DesignatedFunds:
HalleyNursery	5,826	554,747	(592,003)	31,430	(0)
CapitalReserve	200,000	-	-		200,000
PensionLiability	(1,840,102)	-	99,217		(1,740,885)
Clubs,Soc's&
Networks	134,726	387,686	(416,949)		105,463
TotalDesignated
Funds	(1,499,550)	942,433	(909,735)	31,430	(1,435,422)
TotalUnrestricted
Funds	(1,107,187)	6,068,377	(6,023,662)		(1,062,472)

	2022	Income	Costs	Transfers	2023
	£	£	£	£
Restricteddonations
CapitalGrant	127,841	-	(31,961)		95,880
	127,841		(31,961)		95,880

Group	Restricted	Designated	General
Fundbalancesat31July2023	funds	fund	funds	Total
Representedby:	£	£	£	£
Tangiblefixedassets	95,880	-	426,373	522,253
Investments		6,462	0	6,462
Currentassets		299,001	333,224	632,225
Currentliabilities		-	(386,647)	(386,647)
Longtermliabilities	-	(1,740,885)		(1,740,885)
Totalnetassets	95,880	(1,435,422)	372,950	(966,592)
Charity	Restricted	Designated	General
Fundbalancesat31July2023	funds	fund	funds	Total
Representedby:	£	£	£	£
Tangiblefixedassets	95,880	-	426,373	522,253
Investments		6,462		6,462
Currentassets		299,001	266,896	565,897
Currentliabilities			(320,319)	(320,319)
Longtermliabilities		(1,740,885)		(1,740,885)
Totalnetassets	95,880	(1,435,422)	372,950	(966,592)

	2023	2022
	Equipment	Equipment
	&vehicles	&vehicles
	£	£
Operatingleaseswhichexpire:
Within1year		2,051
Within1to2years
		2,051

	2023	2022
	£	£
Depreciation	180,617	142,186
Operatingleasecharges—plant& machinery		2,051
Auditor'sremuneration:
FeespayabletotheCharityauditorfor
theauditofthefinancialstatementsand	16,250	14,500
consolidation
FeespayabletotheCharityauditorand itsassociatesforotherservices:	4,150	6,350

	Group	Group
	2023	2022
	£'000	£'000
Netmovementinfunds	13	(5)
Addbackdepreciationcharge	181	142
Deductinterestincomeshownininvesting
activities	(4)
(Increase)/Decreaseinstock	23	(37)
(Increase)/Decreaseindebtors	(73)	161
(Increase)/Decreaseincreditors	(200)	(90)
Netcashusedinoperatingactivities	(60)	171

26. Creditors—Long-termliabilitiesovero	neye	ar
			Group		Charity
		2023		2022	2023	2022
Pensionliabilities		1,740,885		1,840,102	1,740,885	1,840,102
		1,740,885		1,840,102	1,740,885	1,840,102
27. Comparativefull21/22SOFA
		Unrestricted		Restricted	Total	Total
		Funds		Funds	Funds	Funds
		2022		2022	2022	2021
		£		£	£	£
Incomefrom:
Donations:
Blockgrant		1,640,000			1,640,000	1,600,900
Grantincome
Charitableactivities:
Freshers,studentshopsandbars	3	2,515,956			2,515,956	1,132,032
Unionservices,sportsandotheractivities	4	705,562			705,562	658,381
Othertradingactivities:
Nurseryandothertrading	2	566,348			566,348	486,896
Investments		144			144	48
Totalincome		5,428,010			5,428,010	3,878,257
Expenditureon:
Raisingfunds:
Nurseryandothertrading	5	632,826			632,826	657,430
Grantexpenditure	7
Charitableactivities:
Freshers,studentshopsandbars	6	2,546,180			2,546,180	1,430,357
Unionservices,sportsandotheractivities	7	2,221,588		31,961	2,253,549	1,779,325
TotalExpenditure		5,400,594		31,961	5,432,555	3,867,112
Net(expenditure)/Income		27,416		(31,961)	(4,545)	11,145
Netmovementinfunds		27,416		(31,961)	(4,545)	11,145
Fundbalancesbroughtforward		(1,134,603)		159,802	(974,801)	(985,946)
FundsBalanceat31July		(1,107,187)		127,841	(979,346)	(974,801)
UWESTUDENTS'UNION
NotestotheFinancialStatements

Group	Restricted	Designated	General
Fundbalancesat31July2022	funds	fund	funds	Total
Representedby:	£	£	£	£
Tangiblefixedassets	127,841	-	449,466	577,307
Investments	-	6,462	-	6,462
Currentassets		334,090	429,952	764,042
Currentliabilities			(487,055)	(487,055)
Longtermliabilities	-	(1,840,102)		(1,840,102)
Totalnetassets	127,841	(1,499,550)	392,363	(979,346)
Charity	Restricted	Designated	General
Fundbalancesat31July2022	funds	fund	funds	Total
Representedby:	£	£	£	£
Tangiblefixedassets	127,841	-	449,466	577,307
Investments	-	6,462		6,462
Currentassets	-	334,090	363,624	697,714
Currentliabilities	-	-	(420,727)	(420,727)
Longtermliabilities	-	(1,840,102)	-	(1,840,102)
Totalnetassets	127,841	(1,499,550)	392,363	(979,346)