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





## 

## 

## 

||2023/24||2022/23|
|---|---|---|---|
|President#|OlureKolawoleSamuel<br>(Appointed30/06/23)|President#|RaniaRegaieg<br>(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|





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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|





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||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.<br>Debtors||||||
|---|---|---|---|---|---|
||||Group|Charity||
|||2023|2022|2023|2022|
|Tradeandsundrydebtors||23,387|21,993|(15,830)|16,064|
|Prepaymentsandaccruedincome||131,870|<br>60,097|45,279|11,428|
|SSandothertaxes||||||
|Amountfl ,,Pfromsubsidiary||||374,862|495,423|
|||155,257|<br>82,090|404,311|522,915|
|5.<br>Creditors:Amounts|fallingduewithinoneyear|||||
|||Group||Charity||
|||2023|2022|2023|2022|
|||||`£`|`£`|
|Tradecreditors||128,318|<br>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|<br>227,245|162,553|180,083|
|||386,648|<br>487,055|280,394|326,612|
|6.<br>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&<br>machinery||2,051|
|Auditor'sremuneration:|||
|FeespayabletotheCharityauditorfor|||
|theauditofthefinancialstatementsand|16,250|14,500|
|consolidation|||
|FeespayabletotheCharityauditorand<br>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)|