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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report|||2-12|
|Independent
Auditors'|Report|on the Financial Statements|13-16|
|Statement of Financial|Activities||17|
|Balance Sheet|||18-19|
|Statement ofCash Flows|||20|
|Notes to the Financial|Statements||21-39|
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|Key Performance
Indicator||||Target|Current|Year-end
Result|Commentary|
|---|---|---|---|---|---|---|---|
|E1:50%students
engaged
activi|in|SU||50%|52 2%||This target was adjusted
to 50% in the
ear and was exceeded.|
|S1:Top 3 SU by satisfaction
NSS Q26|with|||Top 3|No. 1||UWLSU retained
their number one
osition|
|R2:Achieve 40%+ engagement
SU-led extracurricular
activit|||in|40%|44.1%||Virtual outreach
has ensured
that this
tar et has been exceeded.|
|WP1:90% physically
enrolling
students
engaged
in Welcome
Project Activity||||90%|1QQ%||100%ofstudents
were engaged
in one
Welcome Project activity. These include
icebreakers,
big conversation
and
virtual events.|
||||||||While UWLSU did not engage 200|
||||||200||students
in physical events,
this was|
|WP2: Engage 200 students
Freshers'
Social Programme|in|||200|(est.
Tickets
and Social|Achieved|mainly due to a sudden
change
in
government
guidelines.
84 tickets were
sold to events, and there was significant|
||||||Media)||engagement
with social media activities|
||||||||such as the virtual Tie D eWorksho
.|
|WP3: 85%of physically
enrolling
students
engage
in the Big
Conversation||||85%|93%||93%ofstudents
enrolling
on campus
engaged
in a 1-2-1 Big Conversation.|
|PA1:2000 students
engaged
virtual
outreach
activit||in||2000|2478||This KPI was revised
in the last quarter
and was exceeded.|
||||||||Good progress was made against this|
||||||||KPI in the context ofback-to-back|
||||||||national
lockdowns.
Lower engagement|
|SV1:75%ofstudent views collected||||75%|70.3%||in elections and advice on tour has led
to this KPI not being achieved. Targeted|
||||||||work in both ofthese areas should|
||||||||enable
UWLSU to achieve this KPI in|
||||||||the next academic
ear.|
|SV4: Deliver proactive advice||or|||||This KPI has been exceeded through|
|signposting
to 1000students|through|||1000|1392||digital campaigns
and virtual seminar|
|Advice on Tour|||||||shout outs.|
|AO1: 100%students
who seek
advice from UWLSU receive
it||||1QQ%|1QQ%|Achieved|No students
have been turned
away
from advice.|
##
|Achievements
and performance|Achievements
and performance|(continued)|||||
|---|---|---|---|---|---|---|
|C1:Engage 1000students
in
communit
activit|digital|1000|1011||This KPI was achieved
by the end
ofQ4.||
|C2: Maintain
email open rate
60%|at|60%|64%||Open rates have remained
higher
than indust
benchmarks.||
|CS3: Maintain 90%staff
engagement
in NUS Staff
en a ementsurve||90%|93%||Very high engagement
from
support
and student staff.||
|CM1: Report profit in Commercial
Services||Report
Profit|Deficit||Due to significant
lockdowns
there
is a deficit in these services.||
|CM2: 90%ofcustomers
rate
service as very good or excellent||90%|91%||Prolonged
closure ofthese
services has seen satisfaction
fall
in these services||
|CM3: 100%of internal
audits
corn
leted||100%|100%|Achieved|All audits have been completed
when able to do so.||
|F1:Staff costs ratio ofunder|50%|50%|50%|Achieved|This has nowbeenmet.||
|F2: Minimum
F170k reserves||&8170k
reserves|&F170k
reserves|Achieved|Reserves reported are over 170K.||
|F3:Achieve a clean external|audit|Achieved|Achieved|Achieved|Clean audit has been achieved.||
|F4:Achieve a surplus
ofat least
f10k||&810k|820k||The surplus
has exceeded the
ad usted tar et.||
||||||This did not go ahead this year|due|
|QB1:Best Bar None||Gold|N/A||to service closures,
but on track|for|
||||||certification
next
ear.||
|QB2:Green Impact||Very
Good|N/A||This did not go ahead this year
to service closures,
but on track
certification
next
ear.|due
for|
||||||Food hygiene was maintained.|5"|
|QB3:Food Safety Rating||||Achieved|rating
will be awarded
upon EHO||
||||||visit.||
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|s for future periods (continued)|s for future periods (continued)|s for future periods (continued)|s for future periods (continued)|s for future periods (continued)|s for future periods (continued)||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Our objectives and associated
KPls for 2021-22 are as follows:|||||||||||
||Community
and Belonging||||||||||
|CB1|Achieve
90'/0 student
satisfaction
with|C8|BServices||||||||
|CB2|Achieve 30/0 representative
engagement||win|C8B|activity||||||
|CB3|Restore student
leader and volunteer|numbers||to 250|||||||
||Partnership||||||||||
|PA1|150 UWL staff relationships
formed
with academic||||and|non-academic|||U|WL staff|
|PA2|Achieve 25'/0 outreach
call pickup rate||||||||||
|PA3|Achieve
30'/0 partnership
engagement|in|the Union||run|extracurricular|||a|ctivity|
||Student Voice||||||||||
|SV1|75'/0 student
views collected||||||||||
|SV2|Achieve 60'/0 active engagement
with|course||representatives|||||||
|SV3|Deliver proactive advice or signposting|to|1000students|||through||Advice||on Tour|
||Advice and Outreach||||||||||
|AO1|100'/0 students
who seek advice from|UWLSU receive||||it|||||
|AO2|Maintain
&95'/0 successful outcomes to SU Central||||student||queries||||
|A03|Deliver 100'/0 of activity measures
across||advocacy||priorities||||||
||Communications||||||||||
|C1|Engage 1000unique students
in digital community||||activity||||||
|C2|Maintain
email open rate at 60'/0||||||||||
|C3|Generate 85k in marketing
and merchandise|||sales|||||||
||Central Services||||||||||
|P1|95'/0 ofstaff objectives achieved||||||||||
|P2|15'/0 ofstaff objectives exceeded||||||||||
|P3|Maintain
90'/0 staff engagement
in NUS Staff|||engagement|||survey||||
||Commercial
Services||||||||||
|CM1|Report profit in Commercial
Services||||||||||
|CM2|90'/0 ofcustomers
rates service as very good|||or excellent|||||||
|CM3|100'/0 of internal
Audits completed||||||||||
||Finance||||||||||
|F1|Staff costs ratio of 50'/0||||||||||
|F2|Minimum
F170k reserves||||||||||
|F3|Achieve a clean external
audit||||||||||
|F4|Maintain
a surplus
ofF20k||||||||||
||Quality Benchmarking||||||||||
|QB1|Achieve NUS Quality SU accreditation||||||||||
|QB2|Achieve Best Bar None Gold accreditation||||||||||
|QB3|Achieve Green Impact Good accreditation||||||||||
|QB4|Achieve a 5*food safety rating||||||||||
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||||Unrestricted|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2021|2021|2021|2021|2020|
|||Note|F|F||||
|Income from:||||||||
|Donations
and||||||||
|legacies|||2,325,292|75,524||2,400,816|2,689,776|
|Charitable
activities|||132,105|||132,105|469,737|
|Other trading
activities|||3,039|||3,039|16,788|
|Investments|||2,568|||2,568|452|
|Other income|||22,021|||22,021||
|Total income|and|||||||
|endowments|||2,485,025|75,524||2,560,549|3,176,753|
|Expenditure
on:||||||||
|Charitable
activities||9|2,379,849|75,524|85,255|2,540,628|3, 144,105|
|Total expenditure|||2,379,849|75,524|85,255|2,540,628|3, 144,105|
|Net||||||||
|income/(expenditure)|||105,176||(85,255)|19,921|32,648|
|Transfers
between||19|(5,049)||5,049|||
|funds||||||||
|Net movement|in||100,127||(80,206)|19,921|32,648|
|funds||||||||
|Reconciliation|of|||||||
|funds:||||||||
|Total funds brought|||274,870||532,857|807,727|775,079|
|forward||||||||
|Net movement|in||100,127||(80,206)|19,921|32,648|
|funds||||||||
|Total funds carried|||374,997||452,651|827,648|807,727|
|forward||||||||
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||f.||
|Cash flows from operating||activities|||||
|Net cash|used
in operating|activities|||147,026|178,254|
|Cash flows from investing||activities|||||
|Purchase|oftangible
fixed assets||||(5,050)|(302,828)|
|Net cash|used
in investing|activities|||(5,050)|(302,828)|
|Change|in cash and cash|equivalents|in|the year|141,976|(124,574)|
|Cash and|cash equivalents|at the beginning||ofthe year|252,937|377,511|
|Cash and cash equivalents||at the end of||the year|394,913|252,937|
|The notes on pages 21 to 39form part ofthese financial statements|||||||
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##
|Freehold
property|- 50years on cost|
|---|---|
|Fixtures and fittings|- 25% on cost|
|Office equipment|- 25% on cost|
|Computer
equipment|- 25% on cost|
|Disco equipment
and lighting|- 25% on cost|
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##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
|||f.|F|f.||
|Subvention|grant|1,233,000||1,233,000|1,472,000|
|Special projects grant||216,996||216,996|280,000|
|Other grants||138,495||138,495|72,935|
|Donated serviced premises||730,801||730,801|697,134|
|External grants||6,000|75,524|81,524|167,707|
|||2,325,292|75,524|2,400,816|2,689,776|
|Total 2020||2,529,629|160,147|2,689,776||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|Licensed Bar and Coffee Shop||82,654|82,654|344,472|
|Entertainment|Programme|||20,903|
|Merchandise||6,199|6,199|19,907|
|Sports and Societies||43,252|43,252|82,892|
|NUS Extra and ISIC Cards||||1,563|
|||132,105|132,105|469,737|
|Total 2020||469,737|469,737||
##
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||F|f.||
|Marketing|and sponsorship|3,039|3,039|16,788|
|Total 2020||16,788|16,788||
##
##
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||F|f.||
|Investment|income|2,568|2,568|452|
|Total 2020||452|452||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|Other|income|22,021|22,021||
##
##
||||Unrestricted|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
||||2021|2021|2021|2021|2020|
||||F|f.|F|f.||
|Licensed Bar|and|Coffee Shop|138,555||5,326|143,881|454,354|
|Entertainment|Programme||35,077|||35,077|78,297|
|Merchandise|||4,329|||4,329|12,885|
|Student Activites|||456,890||767|457,657|430,347|
|Student Comms||& Reception|200,227||1,456|201,683|162,259|
|Representation|||374,163|||374,163|540,784|
|Other Staff Salaries &Costs|||1,170,608|75,524|77,706|1,323,838|1,465,179|
||||2,379,849|75,524|85,255|2,540,628|3, 144,105|
|Total 2020|||2,894,209|160,147|89,749|3, 144,105||
##
||Unrestricted|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|
||funds|funds|funds|funds|funds|
||2021|2021|2021|2021|2020|
|Direct costs|1,490,897|75,524||1,566,421|2,147,540|
|Support costs|888,957||85,250|974,207|996,565|
||2,379,854|75,524|85,250|2,540,628|3,144,105|
|Total 2020|2,894,209|160,147|89,749|3, 144,105||
##
##
##
##
||||Activities||||
|---|---|---|---|---|---|---|
||||undertaken|Support|Total|Total|
||||directly|costs|funds|funds|
||||2021|2021|2021|2020|
||||f.|F|f.||
|Licensed Bar|and|Coffee Shop|143,881||143,881|454,354|
|Entertainment|Programme||35,077||35,077|78,297|
|Merchandise|||4,329||4,329|12,885|
|Student Activites|||457,657||457,657|430,347|
|Student Comms||& Reception|201,683||201,683|162,259|
|Representation|||342,899|31,264|374,163|540,784|
|Other Staff Salaries &Costs|||392,871|930,967|1,323,838|1,465,179|
||||1,578,397|962,231|2,540,628|3, 144,105|
|Total 2020|||2,147,540|996,565|3, 144,105||
##
##
##
##
||||Student||Other staff|||
|---|---|---|---|---|---|---|---|
||||Comms 8|Represent-|salaries 8|Total|Total|
||||Reception|ation|costs|funds|funds|
||||2021|2021|2021|2021|2020|
||||f.|F|f.|F||
|Sabbatical trustees'||salaries|||68,590|68,590|71,670|
|Depreciation|||||77,706|77,706|89,749|
|Serviced|premises||||730,801|730,801|697,134|
|Insurance|||||14,715|14,715|15,727|
|Printing,|postage and stationery||||929|929|897|
|Computer|costs||||6,618|6,618|8,832|
|Bank charges and||commission|||964|964|1,776|
|Sundry|||||5,294|5,294|15,551|
|NUS affliations||||31,264||31,264|36,451|
|Legal and professional|||||9,301|9,301|36,795|
|Travelling|and subsistence||||1,252|1,252|2,608|
|Audit fee|||||9,276|9,276|9,289|
|Recruitment
costs|||||5,521|5,521|10,086|
|||||31,264|930,967|962,231|996,565|
|Total 2020|||8,119|42,431|946,015|996,565||
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f.||
|Wages and|salaries|||1,133,514|1,465,171|
|Social security costs||||108,238|112,739|
|Contribution|to defined|contribution|pension schemes|38,666|39,955|
|||||1,280,418|1,617,865|
||2021|2020|
|---|---|---|
||No.|No.|
|Sabbatical Trustees|3|3|
|Full time and part time staff|33|33|
|Casual staff|28|63|
||64|99|
|2021|2020|
|---|---|
|No.|No.|
##
|receive|d
remuneration
in respe|ct oftheir employment
contract with the|Union:||
|---|---|---|---|---|
||||2021|2020|
||||f.||
|Jacob|Pepper|Remuneration||21,440|
|||Other benefits||100|
|Gloria|Beyi|Remuneration|2,996||
|Janine|Braithwaite|Remuneration||19,886|
|||Other benefits||100|
|Ancha|Joof|Remuneration|19,694|22,950|
|Stella Webb||Remuneration|22,950|3,697|
|Alessio|Di Vito|Remuneration|22,950|3,697|
##
##
##
##
||||||Disco||
|---|---|---|---|---|---|---|
||Building||||equipment||
||improve-|Fixtures|Office|Computer|and||
||ments|and fittings|equipment|equipment|lighting|Total|
||f.|f.|f.|f.|f.|f.|
|Cost or valuation|||||||
|At 1 August 2020|150,000|430,703|111,773|41,472|7,218|741,166|
|Additions|||5,050|||5,050|
|Disposals||(141,437)|(96,302)|(21,212)|(7,218)|(266,169)|
|At 31 July 2021|150,000|289,266|20,521|20,260||480,047|
|Depreciation|||||||
|At 1 August 2020|1,915|234,697|103,509|30,970|7,218|378,309|
|Charge for the year|3,000|71,974|4,817|5,465||85,256|
|On disposals||(141,437)|(96,302)|(21,212)|(7,218)|(266,169)|
|At 31 July 2021|4,915|165,234|12,024|15,223||197,396|
|Net book value|||||||
|At 31 July 2021|145,085|124,032|8,497|5,037||282,651|
|At 31July 2020|148,085|196,006|8,264|10,502||362,857|
##
|2021|2020|
|---|---|
|11,737|18,490|
##
##
##
##
|||2021|2020|
|---|---|---|---|
|||f.||
|Due within one year||||
|Trade debtors||352,717|299,196|
|Other debtors||3,125|4,447|
|Prepayments|and accrued income||340|
|Grants receivable||6,336|106,992|
|||362,178|410,975|
##
##
|||2021|2020|
|---|---|---|---|
|Trade creditors||67,158|48,973|
|Other taxation and social security||7,714|440|
|Other creditors||75,315|70,223|
|Accruals and deferred|income|73,644|117,896|
|||223,831|237,532|
##
##
|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f.||
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|394,913|252,937|
##
##
##
|Statement o|ffunds - curren|t year|||||
|---|---|---|---|---|---|---|
|||Balance at 1|||Transfers|Balance at|
|||August 2020|Income|Expenditure|in/out|31July 2021|
|||F|f.|F|f.|F|
|Unrestricted|funds||||||
|General
Funds - all funds||274,870|2,485,025|(2,379,849)|(5,049)|374,997|
|Designated|funds||||||
|Fixed assets||214,772||(85,255)|153,134|282,651|
|Development|fund|148,085|||(148,085)||
|Minimum
reserves||170,000||||170,000|
|||532,857||(85,255)|5,049|452,651|
|Restricted funds|||||||
|CJRS Grant|||75,524|(75,524)|||
|Total offunds||807,727|2,560,549|(2,540,628)||827,648|
##
##
|Statement offunds (continued)||||||
|---|---|---|---|---|---|
|Statement offunds - prior year||||||
||Balance at|||||
||1August|||Transfers|Balance at|
||2019|Income|Expenditure|inlout|31Ju/y 2020|
|Unrestricted
funds||||||
|General
Funds - all funds|305,301|3,016,606|(2,894,209)|(152,828)|274,870|
|Designated
funds||||||
|Fixed assets|149,778||(87,834)|152,828|214,772|
|Development
fund|150,000||(1,915)||148,085|
|Minimum
reserves|170,000||||170,000|
||469,778||(89,749)|152,828|532,857|
|Restricted funds||||||
|CJRS Grant||160,147|(160,147)|||
|Total offunds|775,079|3,176,753|(3,144,105)||807,727|
|Restricted
funds:||||||
##
##
##
|Analysis|of net assets between funds - current year||||
|---|---|---|---|---|
|||Unrestricted|Designated|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||F|f.|F|
|Tangible|fixed assets||282,651|282,651|
|Current|assets|598,828|170,000|768,828|
|Creditors|due within one year|(223,831)||(223,831)|
|Total||374,997|452,651|827,648|
|Analysis|of net assets between funds - prior year||||
|||Unrestricted|Designated|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|Tangible|fixed assets||362,857|362,857|
|Current|assets|512,402|170,000|682,402|
|Creditors|due within one year|(237,532)||(237,532)|
|Tl||274,870|532,857|807,727|
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||f.||
|Net income|for the year (as per Statement|||of Financial Activities)|19,921|32,648|
|Adjustments|for:||||||
|Depreciation|charges||||85,256|89,749|
|Decrease/(increase)||in stocks|||6,753|(1,400)|
|Decrease
in|debtors||||48,797|11,674|
|Increase/(decrease)||in creditors|||(13,701)|45,583|
|Net cash provided||by operating|activities||147,026|178,254|
##
##
|||2021|2020|
|---|---|---|---|
|||f.||
|Cash|in hand|394,913|252,937|
|Total|cash and cash equivalents|394,913|252,937|
##
|||||||At|1|August||At 31July|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||2020|Cash flows|2021|
|Cash|at|bank|and|in|hand|||252,937|141,976|394,913|
|||||||||252,937|141,976|394,913|
##
##
||||2021|2020|
|---|---|---|---|---|
||||f.||
|Not later than||1 year|32,514|35,887|
|Later than|1 year and not later than 5 years||73,156|89,413|
||||105,670|125,300|
##