Charity number. 1149922
STUDEpif UNION LETfiNGS LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021

(A compw Iwn#ed ty guarnrt•¢>
Indownd•nt audllorfs Mport on the financlal sta¢•m
12-15
16
17
18
19-32

REFERENCE AIID ADIANISTRAIIVE tErAILS OF THE COMPANY, Ths TRUSTEES AND ADVISERS
FOR THE YEAR ENtIED XI JUNE 2021
Mr Ceri Davies
Mrs Dan￿1￿ Gllet {re8V￿d 8 Serrtanbw 2021
Mr Garth OLryht<
Ms Pe￿k￿e Rob8(￿ {rw*d 30 2021)
Dr Paul Gr(y4es
Mr frn matth￿ {mwJned 24 20211
Mr Osborn
Mr Martin Miller
08140750
1149922
Mil Lang
LoKOSter
LeKesternhir•
LE2 7DR
Mr
lfid•p•nd•nt audltor
Cftme U.IQ LLP
Black c￿nty House
RLxxMls Green R(
O￿jbUry
Wesl Midlw
B69 2DG
Lewter
LE11QH
H*hL
CA20 1QU
P4e1

REFERENCE AND ALXIINisfRATIVE ￿A￿Ls THE COATrANY. rrs TRUSTEES AND ADVISERS
IcoKnNUED)
FOR THE YEAR ENDED 30 JUNE 2021
8ankerJ
5 Marf(et Street
LE16DN
P4e2

(A c(4ThMny knit•d lry gu•¥nte•)
FOR THE YEAR ENr￿ 30 JUNE 2021
report together Vthith the audited fin￿bal staern￿ of St￿t UnKJn L￿tIr￿ Limited (the ctynpany) for the
nod ended 30 June 2021. The Tnjslees confwm that the Annual lew1 finaniiai stat￿niS ofthe
d0aM￿nI and the prv4isi￿s ¢rf the Stthwrt ol R￿)Men￿j {SORP 2015). appI￿a￿ to charities
prepariw their accounts in acCO￿nCe wth Finar￿1 RWINJ stand￿ aPpI￿able in the UK and Rfjpubl
of IrelaThJ {FRS 1(r2) {effe(knE 1 20151.
on 9 J￿Y 2011
the ter￿ of ts Trust Deed.
purchased inde￿￿ty KI8u￿c¢ in dthe trustees ofthe thaiity.
perfornancg a￿1 administrati)n lo decidg pdicy issues arisvw.
Unrrfwsty of Le1￿t￿ Slwlert un￿ IKlh On￿ne at key events thr￿ the

TRUSTEES. REPOFU {COKtJNUED)
FOR THE YEAR Ela)ED 30 JUNE 21r21
(c¢Jntinu•d)
OWECTIVES AND PUBUC BENEHr
Sul8ts was creat&J wlh th8 wincpal aTh hYJ) qu* to stLNJents at the Iwo
Unr¥wsiligs in Le￿aster.
We aim to
Support studerts by offerrwj gcd qu8l*y
Rase standards in the Prrrfae Rerthl Sth (PRS)
C￿misSI(￿,8 gen8rn1 guKlance on benefiL
includes..
code of standards.
P*Je 4

IA C￿nY knit•d by 9u•nThl••)
TRUSTEES. REPORT ICOPfflNUED>
I￿￿1n￿ed>
2% in our PBSA ￿K1 let 141 house5. In t<knl 2184 stiKlwts during the academic
supwtwig students.
In March 2021. the Board of Sul* again de¢id8d lo St￿ as tha k￿dowft continued to a
finan￿$ ond studénts, thlty to The Board twk the (*svJn to refvnd all qUaIrf￿rwj tsnants in our laasod
pJrfolK) the equNaent d one nv)nth's Tent desprte us continuiry to m*e Tent pasTnents in ful to OUT l&ased
SUPFth offortg and dechled to Sharn the cost of Ihe refunds us. In total. 4 I*Mlk*ds helped support
Sulgts to the value of £3.718 arKI ￿ w(xthl l*e to exw ow th￿kS for Ihw generouB Supp￿￿ In total. tho
supwrt we ext¢nd•l lo ygor cost £46.404 W the Board that thi5 1$ Ihe right
Slud•nt 3umy
Thi8 Jwr ￿ 8￿t our 8ur*oy to 516 tenarts and 76 resprm￿. a r* of 15.4%. This was a
ervJagw*nt wilh the stLthrt body tr¥s i*ar w#J Ihe due lo ihe high nun*ers ￿ $ttwJents who
built UPIM the p(Air4e le6￿ts frcth la81 and the feethack this year was exc*lienL
Hwjhlghts
88% 01 sluderts wed that Ihey rert prov¥Jed value fty
Once again this ywr, it is inte¥estiw to note that whwe Sul* i5 the (In our18ased hous1￿), the results
were h￿herlh￿ in nvrwjed <7Atwe TAejL*t tenwts manage the buikying). Frcvn a
to wat for wNssh)n frL¥n the lathd befrye a f4bair is carmd OUL The di[￿* compari4on here is that in bLth
trArt Ihis dropped to 42.86 en the maw sttsjt. Interts￿r￿J1y. th* was Irtue drfter￿ n the overall ￿ve1 of

TRUSTEES. REpoirr (copinNUED
FOR YEAR ENDED 30 JUNE 2021
{contIn￿dI
¢waMy of from Sdets that leasiry or o*ning wrwtses us to f¥ better control the qu* of
to m￿Y othgr rab'ng
The site has a registratK>n functw)n WKI studwts can existiry WOF*rties or add their (Mn. Pro￿￿05 are
81 reww4V8 from a sttht ￿￿lem* l.xuk) anail &ldress and these th&pbay a student ¥erifvJ status.
tLVK Tr)t OffenSp￿ and the b￿k¥d or has a iydht cl fepty. Specialist Ipgal **vKè VAS tsk￿ prior
to the Iwnch of the site to er￿Urn that Sul8ts wa¥ fmm any d•m
Sulats agreed to pay for design. ThplThrrtkn runnvvJ costs of s*e for 3 yews. The Unions ha
agreeil to nwket the sle to sludwts aThJ the iw) Univwsi*8. The Sitè 18 brnrKled with
th8 Unions logos beiry markew as ￿ SU rewuff*. We Iw that the site *il becomè a Va￿able
So far. usage oflhe servrn has been bul beknE thal this is due to the1org8 numbor
P•Je 6

TRUSTEES. REpoiYf (CONTINUED)
(con1w￿l
Sulets the be6t sbAent Idtings ayncy n Le￿e*r. Ach￿￿￿¥ the gokl standard means that ￿ lo￿ thè top 7%
af bu8in8sses. that athith* IIP nati￿ team ¥e nghty oflhi5 Si9nificant TesulL In addthn to
this. due to our hvJh scorn duiwyd the wjit ￿X￿, by IIP to be ￿nSIdered for a nation81
th¥atd (rf best IIP GL4d crynpony in the 249 b*MI. This is ￿ invie onty *Kdrd and ￿ are excrtgd
January to Apfl on a basis. OrKe aga¥i, the Bo¥d tLwJk the that as as Supporting our tenants.
wg shoukl a150 SUFWt Ihe slaff t6&n aThl so we dpLthI lo al slaff at the full 1¢WA 8¥en though
The cost oflh• 20% sthy t(w kn staff 1 month'g rent lrt*)) our le88ed porttdio resulled in a
8ignificant decwse in revenue Ixrt 8¥ g rgsult d mwry suLze88 and C￿efUl fift8￿481 M￿age￿nI,
is sc¥nething Ihat has been to 0 88CUKI ￿. We we to 8UPP)rt 8lud8nts aNI our
8UPPOrt frLwn their manwJeT, w&ed tlw f&1 bythè ¥bJ traning and develo￿￿. This year
hivrfed our highest ever 8ngwJ8ment score of 11ffi. islth Short of I)cr*J￿￿. This was built
I'm pr￿1 to be a ofthe Sulets. team
I feel hapFry al *•)rf(
staff redwKlarrt huhknJhts the Board's failh in Ihe people th* wyk business. Ixrt *0 the differn
are pl6ased io anrrfyjn￿ thal ￿te finalBts n Ihis LeKest¢r LThe Busmess Awwts h￿ring
Page 7

TRUStEES' REPORT (COMt•4UED
FOR ThE YEAR ENDED 30 JUNE 2021
(c0ntwbu￿)
Finaty, Ihi6 6awJ to Penni RL**on. Tm malth￿ and Dwielle Gilett lèft UG earlierthi6
r. Wè Wbsh them all well and lkn to expre￿ our thanks fDr Supp￿ and contrib￿lon to Sulets
durlrKJ thektenur
bgcoming a landhNd in ryhL From Lyth a aThl quamy staThJard. ￿ bel￿ V•P can
Cthgfj A￿lUe. Leicestsr. Tr house 15 kxatsd in a keylgttwrys ¥oa, ￿ we manago pr¢yerties th the
C￿FA1anCé The purtha¥o tcrt pkn £xts¥Je ofthe finan¢Jal year but is a siwffKant pc*t-audrt event x>
th• busine88.
neeAled to wind the business hekl in excess ofthi¥. is hgkl to Lwld an investrrw
required. This has resuked in an into tyjr fiJThl.
pThi¥Je financial to erthle Sdets to cortinue to tts durv¥J challerying
enabk Suids to m&%e proVA￿ for any staf r8dUnkn￿S dosure LYJ5ts on any disso￿￿n9 flthe
Page 8

TrUSTEES' REPORT IcopillNUED)
Operating costs b￿￿9 defined as pa￿01 &)sls d¥ed pu
Tfknl frn8 fea81￿$ at the end Stc￿d at £1,482.7T6 {202Q. £129S.02n.
our eJp06we to the mw rwks.
SENIOR STAFF REMUNERATIOM
The CEO'$ role is a by a C(xnrth. This cumiittee was estknfLshed n O(*cthr 2016
to set the p8y and the CEO. The C4xTVn￿Iee reports to the Tntstee Bc•d <¥n an annual basis aNJ
P•Je 9

TrUSTEES' REPORr {coKnNuED)
Trustee5 are akn the diredcff5 olthe Compw fc* the purposes ofeamparry lthv) *e respMsble for
the Tn￿lee$ must not wrove the fmancial st*ftwts unless they we Sthsf￿d that they gi￿ a WKI fair
are aso respO￿lb￿ for safw8rdry Ihe assets of Iho henca for t8kiNJ r8880n￿le stq)8 for the
indu￿￿ on the e<MTh>an*6 web6its. Le96lat￿ in the United KI1gd￿n g)¥err*wJ the Preparath￿ and
auditor is un•m.
that Trustees have laen al the steps that to been t*en a¥ Trustees in txderto be W4var• of
sedK>n 41&4 ofthe Cryrmes Acl 20C6.
Page10

TRUSTEES. REPORT (CONT•IUED
FOR THE YEAR ENtED 30 JUNE 2021
Dr pa￿ Gvov
Ch

Opinion
giw a and ofthg st*e of Ihe affa*s as at 30 June 21Y21 and ofits
ar#J
B••l8 lor oplnlofi
Iww. Our responsikn'lthes L#)def are further desuibwj in the Audilorfs r88POn8biliies for the audit
In audibrwj the financial statements. ￿)IK￿ that the Trustees. ￿ Of1￿ gowvj ￿￿•M b88is of
¢thdil¥)ns that. 1r1d￿?￿Uaty or may cast SP3nifuwrt on the charrt*le c(ryanl$ abilty to
P￿e 12

INDEPENDEpif Auixfon REPORT TO ThE MEMBERS OF STUDEKf UNION LErnNGS UMITED
(CONllNUED)
Annual report Our opHil￿ the f￿b￿￿al Statem￿ cw the informthn arKI. exGept to the
m*Mially In￿r￿lStent with Ihe ￿n*￿la1 statern￿ or dts'ned in the course of the audit. or
missLitements. are required to d*wmine ￿ether thi8 gr4W file to a m￿er￿1 Misstat￿ in the flnanixi
Wo havo to rw in thil rnwd.
U8 io rwt to rf, in ow
Pag813

INDEPENDEMT AUtXTOIYS REI¥)RT TO THE MEMBERS OF STUOEKf ui4oN LErnNGS LIIIITED
{coKnpwED)
As explained more fulty in the Tnth. ￿sF￿mibffj1￿s the Trustees IWIK) are also the directors crf th8
6tatern￿ aNI ky bewvJ satisf*d that tlw gr4e a In* and tsir view. wbd for such intemal ts)ntTc4 a8 Ihe
to ￿ntInUe a8 8 goirwj ccmc£m. dtsdosry. as typlKable. rnatt￿3 T*ted to goKw corKem using Ihe goi
opinion. Reasonable assurance is a highl8￿1 of assurnrKe. is rKA a gu*artee that ￿ aM16t t1)ndUct￿ in
frcrfn fra￿1 or effor arn cl￿$¥jefed Malai￿ rf. In￿￿uaty or in the aggregate. they could rea8onabty be
amwnts a)d disch)8ures in the frnncial staterr￿. lthvs regulations we considered n this contexl
e thè Crxnw￿￿ Ad 20(ffj. Charit*s Act 2011 tts38t￿r Ihe Chwkn8s SORP (FRS 102}. We assessed
the required compliance wilh tw I•v5 rogul*ions as our audit PTc¢edwos on thg related finoncial
Our audrt prcrtedures to re¥¥Md lo iisks withded eTh]uiries of and those wilh
14

INDEPE?￿ AUDrroirs REPORTTO THE MEMBERS OF STUDENT UNION LErnNGS upJJrtED
ICOIfflNUEDI
regulat*Jns (irTe9ularths) IB Irom the trwwtKm rellw2ed w) the financial Statern￿. the le88 INWY
the inherentty linited prwedures by wJdil¥wJ stwdards *Jentsly it. In &ldition. ￿ with arry audit.
there remained a higher risk cl norfrddth CA irregdwities. as Ihese may cdlusi¢)n. frygery. intsntion81
Aud*￿8 rwt
of our r•port
16 ofthe Cryiies Act 2CTh. Ow •JJit has bogn Undertak￿ so that tymghl SL* to Ihe charitaAa
eompanll membern thcAe mattern TA* are to st*e to them in an Auditoffs rewt ar¥J no other
puw. To fullèst èxtent ￿rrn￿led by l**. do xc4rt or assume resporwbilty lo an>Dne (ther thon
the tharitable ojmpany t￿￿ ts m￿. as a W, fry our thwk, t1￿$ or for the opinions we
fry behalfof
Cv¢rm U.IL LLP
Stautw Aul
Round5 Green Rc
Ohjbury
West Midl
B69 2DG
D*". 26 October 2021
Page 15

STATEMEKf OF FINANCIAL ACTivmES ONCORPORATING INCOME AKI EXPENDrruRE ACCOUNn
FOR TrE YEAR ENLED 30 JU￿ 2021
Total
ftmds
2020
2021
10.083
10m3
1J98.036 1.89B,036
1.7￿, 165
16.482
1,911484
1,911484
1,722.649
Éxp•ndiluw• 4)n:
1,705,926 1,705
1,549,718
T•Xd •xp•ndKurn
1,705.926 1.706￿8
1,549,718
N•t Mov•￿ In fiJnd•
R•condllatlon of funds:
Total fuTrJs brought
Net funds
172.931
1J03,347
1,JOJJ47
1, 130.416
172,931
1￿.*)6 1,5￿￿05
1.303,347
Page 16

IA company limited by guarantso)
REGISTERED IIUkTEIL" 08140750
AS AT 30 JUNE 2021
20
Intangible assets
TwJible assets
12
13
12,784
1,118
6.202
27.129
7.320
14
23,648
1,379.876
Cash at ba￿ and #i haThl
1M7T4
IM64.900
1,401524
15
11711241
(107,497)
1AQ776
1,294(Y27
1A09.905
1,303,347
16
1￿.905
1.301347
Tolal funds
I￿.906
1,303.347
Ihe CA)rrp8nies ￿giMe.
and signwj on their beh&Y ty.
Dr Paul Gvov•
Th? rth6 on p¥5 19 to 32 frym pwt dthe8e ffinJK¥al
Page 17

STATEMENT OF CASH FLOWS
FOR YEAR EPI)ED 30 JUNE 2021
2021
18
291.696
144, 106
Puthase of intwgtdg assots
(16.600)
(11198)
Nol {uMd Inywovld•d ty Inv••llng •dl¥lU
Ch•ng• In ca•h Ind CA•h •qulv•bMts In th• y•ar
263.898 144106
1.379.876
1.235, 770
••h •nd ¢••h •qulvthts •1 th• •N101 th• yw
19
1,643,T14
7,379,876
P•J8 18

(A compawy limited trrf guarant*>
NOTES TO THE FINANCIAL sTATE￿Firs
FOR THE YEAR ENDED JO JiINE 2021
Wales. regitstered nurthr 1149922. The compory reg￿kn nurthr is 08140750. The Pri￿Val offtt 15
St￿, Union Linited and Uniw¥ity d L￿ceSter StLKlerts' Tradiry Liivw. In the al
the comp￿Y bw'NJ 7AfAThI up. the retsw￿ d the is llmrt￿I to £1 per mevthr of
Accountlng pollcl•
preparing their aco)unts in *ith the Finar¥ig1 Rewtiry Stsntsd applKatAe in the UK
and R￿ubl￿ crf Irel￿ (FRS 102) (effective 1 Januwy 2015), tho Financial Slandard
pIKth in the UK arKI Rrythk d Ireknd (FRS 102> the C(Jnpanie8 kt 20C6.
st￿nI Un￿n Lettiry Linited meets Il* dor￿*￿)n of a Wb1￿ ber*ft entty urbdtt FRS 102. A88ets
and liqbilitw aro inrfialty recwiwl at h￿t01￿￿ cosl or tsansth value unla$8 8t8teoJ in
13 Fund •ccountlng
General fvnds wWeStr￿ funds whKh a¥￿19 for use at the disryetion of the TN5te8s
Page19

(A c4)mpany Ilmiled gua￿)
NOTES TO THE FIIIANCIAL STATEMEpirs
FOR THE YEAR ENDED 30 JUNE 2021
A¢¢ounllng pol¢les Ic<Jnllnwd)
2.5 Exp•ndltuv•
to a thi￿ p*ty. it 15 wcbablD th* a tranth beneffts wil be requirnd in Éetllemènt and
of each are madè up of the t(￿1 ol d¥￿1 costs WKI sha￿d costs. ind￿￿ing Support C06ts
to that ar*￿ty. Shared ¢osls corth'me to more Klivty and support C￿19 arg
be ffttsured reliabty. IrtsNJible &sets are rwnL8ed * cost are subsequenty
a strawJht4r* bw's o¥w Is ewtsl uselul lif•.
Pag• 20

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 JUNE 2021
Accountlng polkles {conllnwd>
Tangble fNed assets arn initiaty re￿ni5vAl at Ixrt Aftor roc09n1￿, ur•Jer the cost model. t￿Ible
. 25% *rwJht
- 2S% *hl
2M FIna￿￿ In•trum•ni•
Initth al fairvalue. net oftrarwj￿ costs, wld are measurnd subsequenty at ￿rtI￿1 cost
2J P•nsion•
P8ge 21

FOR THE YEAR EPa)ED 30 JUNE 2021
fvDds
Dds
20
10.083
10.IJBJ
6,￿2
2ffdO
6,￿2
Tho grtyjp been elijth to dayn tho 30 2021 fm thè furl
the w¥wiy furw￿ staff. The ￿￿e1¥￿1 of£10.083 (2020.. £6.(X12) rdates to Staff co8t8
i￿lud￿j Wi n(kn 10.
nds
574.081
574.081
622.266
1.323.955 1W3.965 1,077.899
1.8W036 1JM.036
I.7￿.165
Totd 2020
1.n¥i. 165
1.7NJ, 165
nds
funds
2021
16,482
2020
16,W2
16,482
22

(A company fThited guarant*)
NOTES TO THE FIMANCIAL STATEIENTS
by fvnd typ•
Total
funds
Td81
funds
1,705,￿ 1,704926
1.549, 718
Total 2020
1.549,718
1,549,718
Totsl
Tolal
2021
2020
397.(￿5
7,989 1,3(XI,872 1.705,926
1.549,718
Td8121r20
10.092
1. 134987
1.549.718
ndertaken
directy
20
Support
Total
20
20
2020
1.516.470
189.456 1.705,926
1.549.718
T(kn12ff20
1.366, 148
181570
1.549.718
P¥23

(A ¢ixnpary linknl ty guarantee>
NOTES TO THE RNAMCIAL STATEIIEKtS
FOR THE YEAR ENDED 30 JUNE 2021
nds
fuTh*s
3.691
10.092
15,750
1,561
7.989
Trwnl
48.836
23203
32.886
3.119
47,605
16,817
19.891
1037
1526
7.615
32,077
14(X
102
10,025
Sundry expenses
6.602
189M56
181570
The auditorfs remuner*ion to an amlknr fee of£5.715 (2020. £&715). w¥J seTric8S
•nourtwvJ to rf £5￿ (aT20.£1, I￿.
Page 24

)TES TO THE FINANCIAL STATEMEpirs
FOR THE YEAR ENfED 30 JUNE 2021
20
361424 356.080
30,645
13,914
397.065 4￿,639
A¢trninistraion
12
20
In th• bond £70.(X)1- £80,(xx)
In the band £ao.LM)1 . £90.(U)
planning. diredirvj and c(yrtrolivJ the *Ivil￿ of (xywny. Ouring the swar, key manager￿t
tkning th• yew 30 Jung 2021. IK) gypon¥85 havg b￿￿ (2QO. £NIU.
P•Jo 25

FOR TTrE YEAR ENDED 30 JiINE 2021
12. lrtangible amets
Website and
At 1 2￿20
15,600
At 30 21Y21
At 1 2(r20
Ctrw forth8 ￿ar
22A50
3J34
At 30 Jun0 2ty21
At 30 June 2021
11784
1.118
P*Je 26

(A clxnpary Ivnitwl lry guarnntso)
13. Tanglbh Ilxfjd asmts
and
At 1 Juty2020
19,925
12.198
At 30 June 2021
32,123
At1Juty2
Charye fi)rthe
13.n3
At 30 June 2Q1
17,rn
At 30 June 2021
30 ju￿ 21rA)
6,202
2020
4198
la848
11.128
21648
Page 27

IA cornpary Ilmlled by gu*r•rf••)
NOTES TO ThE ANANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
16. Crndltors: Amounts I￿1￿9 du•wilhin on• y
2020
70.612
18,105
83M07
5.846
26,365
75.286
172,124
107,497
2020
Dofèrred inwne at 1 2020
24A
19,76S
124A48
24,256
24.448
(24,256)
19,756
24,448
(2020.. £328.rio) at the eThl date we not induded as assets or habihlm of the Crywny in li
Page 28

(A eompary lry gwJntee}
IIOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUIE 2021
16. Slateffle￿ ol lunds
30 June
2021
Jufy 2020 k)com• Exwdilurn
General Fun
1.30J.347 1,911484 {1.705.926) 1W.905
Bala￿6 81
June
af
Unrnstrlct•d fund•
I,1￿,416
1.72Z649 (1.549,718) 1.303.347
Total
funds
2021
funds
Tangib￿ ffftd assets
Int￿g*jIe fNed wets
14.345
14.345
12.784
12.784
I.654.￿> 1W4,900
(1n,124) {172.124
CrEd*orn due thin (fft
Total
1.$09.￿5 I￿.406
Pago 29

FOR ThE YEAR ENDED 30 JUNE 2￿￿1
17. Analy¥ty of n•t asmts bet*wn (conlinwdl
2020
Tangibts fixod os¥ets
r￿ed a88ets
4202
6.2LY2
1.118
1.118
1,401524
1.403.524
(107.497) (107.497)
T¢Jtsl
1.304347
1,303,347
2020
172.931
8.744
(4,592)
(34.325)
12.522
291,696
144.106
Cash in h*wJ
1.643.774
1,379,876
Page 30

PMIDENT UIION LErnNGS uirfED
FOR ThE YEAR ENCED 30 JUNE 2021
A11Ju
At30June
Cash at bank in h￿d
1A79M76
283￿•8 1.643.774
1,379M76
253￿90 1,643.714
payab￿ to the fund at bkn sh8& dats(2￿20. ￿}.
2021
2020
Nrtlknth￿1
574,054
930,748
Il*# for £914,347 (2020: £Tr1.7S6).
Wlhin 1 ye
862,752 1.384.896
P•Je 31

STUDE1￿ UP4ON LErnNGS UlWtED
FOR ThE YEAR EIKJED 30 JUIE 2021
durirwJ the pr at a cosi 01 £20.(XX)1202tr. £15.1￿1. The Cl￿npanY aso £10.￿0 {2020.. £7.5001 in
afvertisvbj arKI £335 (2￿20. £2.279) ID expenses to t)e St￿lents Unw)n. At ts yew end
£Nil (2020.. £NlI I remaY￿ (Mrt￿&¥*'￿J.
(2020.. £7501. The Cwy rjso wl £10.(KK)12020.. £7.500) for thrtising è>w)ses to The Unl￿(8￿
St￿, Unl￿. At the end £NI (2￿2tr. £Nil) reMw￿l ￿lstandIng.
at a cost Of£N￿ (21Y20: £1.7(Kll, cw ofthe ofthis ccwnpary is a Twstse of Student Union
LettwvJs Lrrited. At the end £NI (2020.. £Nd) renwed (xtstsnding.