2021-06-30-accounts - Cardiff Met Students' Union

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								2021	2020
						Unrestricted	Restricted	Total	Total
						fund	funds	funds	Funds
					Notes			E
INCOME	AND ENDOWMENTS			FROM
Donations	and legacies					1,203,050	36,667	1,239,717	1,040,922
Charitable	activities
Provision	ofrecreational	and leisure facilities				334,716		334,716	541,972
Provision	ofsocial activities					56,672		56,672	791,245
Other trading activities						44,889	2,322	47,211	99,636
Investment	income					457		457	790
Other income						5,447		5,447	12,163
Total						1,645,231	38,989	1,684,220	2,486,728
EXPENDITURE ON
Raising funds						12,000		12,000	17,464
Charitable	activities
Provision	ofrecreational	and leisure facilities				521,861	2,322	524,183	703,455
Provision	ofsupport services					319,373		319,373	338,812
Provision	ofsocial activities					641,433	36,667	678 100	1 260,417
Total						1,494,667	38,989	1,533,656	2,320,148
NET INCOME						150,564		150,564	166,580
Unwinding	ofdiscounted	pension		provision		(17,670)		(17,670)	(92,410)
Net income/(expenditure)			for the year			132,894		132,894	74,170
RECONCILIATION OF FUNDS
Total funds brought forward						(221,470)		(221,470)	(295,640)
TOTAL FUNDS CARRIED			FORWARD			~88,576)	-	~88,576)	~221,470)


		Notes	2021 F	2020 f	2021	2020 E
FIXEDASSETS
Tangible assets		15	39,970	57,530	39,970	57,530
Investments		16			4	4
			39,970	57,530	39,974	57,534
CURRENT ASSETS
Stocks		17	8,503	24,729	8,503	24,729
Debtors: amounts	falling due within one year	18	74,592	127,934	97,211	149,674
Cash at bank			631,427	488 788	585,967	414 148
			714,522	642,451	691,681	588,551
CREDITORS
Amounts falling due within one year		19	(328,644)	(392,633)	(319,836)	(388,852)
NET CURRENT ASSETS			385,878	249,818	371,845	199,699
TOTAL ASSETSLESSCURRENT LIABILITIES			425,848	307,348	411,819	257,233
PENSION LIABILITY			(514,424)	(528,818)	(514,424)	(528,818)
NET ASSETS/(LIABILITIES)			~88,576	~221,470	(1~02,605	~271,585)
FUNDS		21
Unrestricted funds:
General fund			425,848	307,348	411,819	257,233
Pension reserve			~514424	~528818	~514424	~528818
			(88,576)	(221,470)	(102,605)	(271,585)
Restricted funds
TOTAL FUNDS			88,576	(2221,470	(~102.605	~271.585)

									2021	2021		2020
						Notes			F
Cash flows from operating		activities:
Cash generated from operations									141,410			260,378
Net cash provided by (used in) operating
activities									141,410			260,378
Cash flows from investing		activities:
Purchase oftangible fixed assets									(6,987)			(12,789)
Sale of	tangible fixed assets								6,759
Interest	received									457		790
Net cash provided by (used in) investing
activities										229		+11,999)
Change	in cash and cash	equivalents		in the
reporting period									141,639			248,379
Cash and cash equivalents		at the beginning			of
the reporting period									489,788			241,409
Cash and cash equivalents		at the end		ofthe
reporting period									631,427			489,788
1.	RECONCILIATION	OF	NET	INCOME/(EXPENDITURE)			TO	NET	CASH	FLOW	FROM	OPERATING
	ACTIVITIES
											2021	2020
												F
	Net income/(expenditure)		for the reporting			period (as per	the	statement
	offinancial activities)									150,564		166,580
	Adjustments for:
	Depreciation charges									19,203		24,267
	Profit on disposal of	fixed assets								(1,415)
	Interest received										(457)	(790)
	Decrease/(increase)	in stocks								16,226		16,545
	Decrease/(increase)	in debtors								53,342		(14,476)
	Increase/(decrease)	in creditors								(63,989)		98,795
	Difference between	pension charge and			cash contributions					~32,064)		~30.543)
	Net cash provided	by (used in)		operating		activities				141,410		260,378
	ANALYSIS OF CHANGES		IN NET FUNDS
								At 1/7/20		Cash	flow	At 30/6/21
	Net cash
	Cash at bank and in hand							489,788		141,639		631 427
								489,788		141,639		631,427

					2021f	2020
Fundraising income					1,522	1,182
Trading income - subsidiary					41,316	83,500
Sponsorships					800	1,825
Hire income						11,560
Minibus and car	hire recharge				3,573	~1569
					47,211	99,636
INVESTMENT INCOME
					2021	2020
						F
Deposit account	interest				457	790
INCOME FROM	CHARITABLE	ACTIVITIES
					2021	2020
		Activity			F	E
SU Sport income		Provision	ofrecreational	and leisure facilities	52,223	87,818
Clubs 8 Societies income		Provision	ofrecreational	and leisure facilities	282,493	454,154
Shop income		Provision	ofsocial activities		8,396	195,466
Bar income		Provision	ofsocial activities		7,752	182,751
Catering income		Provision	ofsocial activities		25,934	405,680
Amusements income		Provision	ofsocial activities		462	715
ENTS department	income	Provision	ofsocial activities		14,117	6,550
Safe taxi scheme		Provision	ofsocial activities		11	83
					391388	1,333,217

		2021	2020
		F
Freshers'	Fayre		9,482
Commission		6,000	7,982
Provision	for bad debts - Futura	6,000
		12,000	17,464

					Support
				Direct	costs (see
				Costs	note 10)	Totals
Provision ofrecreational	and leisure facilities			374,891	149,292	524,183
Provision ofsupport services				191,785	127,588	319,373
Provision ofsocial activities				548,756	129,344	678,100
				1,115,432	406,224	1,521.656
SUPPORT COSTS
		Staff			Governance
		costs	Other	Depreciation	costs	Totals
		F		F		F
Provision ofrecreational
and leisure facilities		94,663	45,156	783	8,690	149,292
Provision ofsupport
services		74,533	44,695	692	7,668	127,588
Provision ofsocial activities		100,314	18,997	830	9,203	129,344
		269,510	108,848	2,305	25,561	406.224

			2021	2020
			F	F
Auditors'	remuneration		9,640	8,503
Depreciation		-owned assets	19,203	24,267
Surplus	on	disposal offixed assets	~1,415)

	2021	2020
Name	F	E
I Gardiner J Notting ham		1,608 1,608
K Davies	19,343	18,250
A Fox	1,626	17,833
M Pavuluri	18,083

STAFF	COSTS
				2021	2020
				F
Wages	and salaries			802,122	851,072
Social security costs				51,293	56,809
Other pension costs and deficit contributions				16,766	16,981
				870,181	924,862
The average number ofemployees			during the year was as follows:
				2021	2020
Average	number ofmonthly	employees		42	31
Average	number offortnightly	employees		57	90
				99	121

									2021	2020
									No.	No.
F80,001 -	F90,000								1	1
Pension contributions								F7,754		27,754
Total remuneration		paid	to key	management	personnel	in the	year was F161,775(2020:F164,365).
COMPARATIVES		FOR	THE STATEMENT		OF FINANCIAL ACTIVITIES —YEAR			END	30JUNE 2020
							2020		2020	2020
							Unrestricted	Restricted		Total
							funds		funds	funds
							F		F
INCOME AND ENDOWMENTS				FROM
Donations	and legacies						930,922	110,000		1,040,922
Charitable	activities
Provision	ofrecreational		and leisure facilities
							541,972			541,972
Provision	ofsocial	activities					791,245			791,245
Other trading activities							96,629		3,007	99,636
Investment	income						790			790
Other income							12,163			12,163
Total							2,373,721	113,007		2,486,728

COMPARATIVES	FOR	FOR	THE STATEMENT OF FINANCIAL ACTIVITIES - continued	THE STATEMENT OF FINANCIAL ACTIVITIES - continued	THE STATEMENT OF FINANCIAL ACTIVITIES - continued	THE STATEMENT OF FINANCIAL ACTIVITIES - continued	THE STATEMENT OF FINANCIAL ACTIVITIES - continued
							Unrestricted	Restricted	Total
							funds	funds f	fundsf
EXPENDITURE ON
Raising funds							17,464		17,464
Charitable activities
Provision ofrecreational			and leisure facilities				590,448	113,007	703,455
Provision ofsupport		services					338,812		338,812
Provision ofsocial	activities						1,260,417		1,260,417
Total							2,207,141	113,007	2,320,148
NET INCOME							166,580		166,580
Other recognised	gains/(losses)
Actuarial gains/(losses) schemes			on defined	benefit			~92.410)		~92,410)
Net movement in funds							74,170		74,170
RECONCILIATION		OF FUNDS
Total funds brought forward							(295,640)		(295,640)
TOTAL FUNDS CARRIED FORWARD							~221,470)	-	~221,470)
TANGIBLE FIXED	ASSETS —Group and Charity
				Bars &	Office
				Shops	fixtures		Motor	Computer
				fittings f	&fittings f		vehicles f	equipment	Totals f
COST
At 1 July 2020				302,968	13,818		11,699	16,738	345,223
Additions				5,789				1,198	6,987
Disposals				~10,289)					~10,289)
At 30June 2021				298,468	13,818		11,699	17,936	341,921
DEPRECIATION
At 1 July 2020				250,923	11,087		11,699	13,984	287,693
Charge for year Eliminated on disposal				16,898 ~4.945)		619		1,686	19,203 ~4,945)
At 30June 2021				262,876	11,706		11,699	15,670	301,951
NET BOOK VALUE
At 30June 2021				35,592	2,112			2,266	39,970
At 30June 2020				52,D45	2.731			2,754	57.53D

FIXEDASSET INVESTMENTS - Charity
	Sharesin
	group
	undertakings
	F
MARKET VALUE
At 1 July 2020 and 30June 2021
NET BOOK VALUE
At 30June 2021	4
At 30June 2020	4

STOCKS
							2021	2020
Stocks							8,503	24,729
DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
					Group	Group	Charity	Charity
					2021	2020	2021	2020
					F			F
Trade debtors					10,186	24,830	7,306	21,052
VAT					19
Amount due from group			undertakings				25,518	25,518
Prepayments	and accrued			income	64,387	103,104	64,387	103,104
					74,592	127,934	97,211	149,674
CREDITORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
					Group	Group	Charity	Charity
					2021	2020	2021 f	2020 F
Trade creditors					28,657	25,084	28,657	25,084
Social security	and other		taxes		14,605	14,966	14,605	14,966
VAT					351	13,330	351	11,324
Other creditors					80,855	80,620	80,855	80,620
Accruals and	deferred	income			204,176	258,633	195,368	256,858
					328,644	392,633	319,836	388,852

Include	d within	accruals and deferred income above is the fo	llowing deferred income:
			2021	2020
				F
Private	hire bookings		267	1,980
Other	advance	funding	7,521	4,601
Castell	Howell	funding	28,571	35,714
FAW Coaching		allocation 2020-21		20,000
COVID-19 recovery grant			32,845	58,000
			69,204	120,295

MOVEM	ENT	IN FUNDS
					Net	Transfers
					movement	between	At
				At 1/7/20	in funds	funds	30/6/21
					F	F
Unrestricted		funds
General	fund			116,676	102,784	(32,064)	187,396
Pension	reserve			(528,818)	(17,670)	32,064	(514,424)
Designated		fund: Women's	football club	7,876	38		7,914
Designated		fund: Men's football club		182,796	47,742		230,538
				(221 470)	132,894		~88,576)
TOTAL	FUNDS			)221 470)	132,894		~88 576)

Net movement in funds, ind	ude	d in t	he above	are as follows:
				Incoming	Resources	Gains and	Movement
				resources f	expended f	losses	in funds f
Unrestricted funds
General fund				1,408,077	(1,305,293)		102,784
Pension reserve						(17,670)	(17,670)
Designated fund: Women's football club Designated fund: Men's football dub				12,600 224,554	(12,562) ~176,812)		38 47,742
				1,645,231	(1,494,667)	(17,670)	132,894
Restricted funds
Clubs and societies Rental lease				2,322 36,667	(2,322) ~36.667)
				38,989	~38,989)
TOTAL FUNDS				1,684,220	~1.533.656)	~17,670)	132,894
Comparatives for movement		in funds
					Net	Transfers
					movement	between	At
				At 1/7/20 f	in funds	funds	30/6/21 f
Unrestricted funds
General fund				140,315	6,904	(30,543)	116,676
Pension reserve				(466,951)	(92,410)	30,543	(528,818)
Designated fund: Women's	football club			5,778	2,098		7,876
Designated fund: Men's football dub				25,218	157,578		182,796
				~295.640)	74,170		~221,470)
TOTAL FUNDS				~295.640)	74,170		)221.447700)
Comparative net movement	in	funds,	included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources f	expended f	losses f	in funds
Unrestricted funds
General fund				2,014,279	(2,007,375)		6,904
Pension reserve						(92,410)	(92,410)
Designated fund: Women's football club Designated fund: Men's football dub				16,865 342,577	(14,767) ~184,999)		2,098 157,578
				2,373,721	(2,207,141)	(92,410)	74,170
Restricted funds
Clubs and societies Rental lease				3,007 110,000	(3,007) ~110.000)
				113,007	~113,007)
TOTAL FUNDS				2.486.728	~2,320,148)	~92,410)	74,170

ANALY	SIS OF GROUP NET ASSETS BETWEEN	FUNDS
			Restricted	Unrestricted
			funds f	funds f	Total f
Fund balances at 30June 2021 are represented		by:
Tangible	fixed assets			39,970	39,970
Current	assets		27,500	687,022	714,522
Current	liabilities		(27,500)	(301,144)	(328,644)
Pension	liability			~514,424	~514,424
Total net assets/(liabilities)				~88,578	88,576

Asummar	of	theresultsofthesubsidiar	fortheearisshownbelow:
y		y	y	f
Turnover				41,316
Cost ofsales				(6,000)
Gross profit				35,316
Administrative		expenses		(22,059)
				13,257
Interest receivable and similar income
PROFIT ON	ORDINARY ACTIVITIES BEFORE TAXATION			13,261
Taxation
PROFIT FOR		THE FINANCIAL YEAR		13,261
The aggregate		ofthe assets, liabilities and	funds was:
				f.
Assets				48,359
Liabilities				(34,326)
Funds				14,033