2021-07-31-accounts

					Page
Reteranr4r and admirri8trative details		ofthe company,	its trustees	and advisers	'I -2
Trustees' Report					3-9
Independent	Auditors' Report on the	Financial Statements			$0- 13
Consolidated	Statement offinancial	Activities			l4
Consolidated	Statement of Financial	Positton			T5
Company Statement of Financial Position
Consoiidated	Statement ofCash Flaws				17
Notes to the	Financial Statements				18-39

		FORTHE	YEAR ENDED 31	JULY 2021
				Unrestricted
			Unrestricted	Axed asset	Total	Tofaf
			funtfs	funds	funds	funch
			2021	2021	2021	2020
		Note	f	E	E	E
Incolne from:
l3onatiorts and legacies			1,529,092		1,529,O92	f,484,587
Charitable activities			245,865		245,865	373,40f
Other trading activities			1,357,643		1,$57,643	2,487,N'3
Investrnents			28,294		28,294	33,437
Other income			161,068		161,068	227,039
Todf income			3,321,962		3321,$62	4,545,525
Expenditure on:
Raising funds			1,600,5M		1,600,500	2,375,455
Charitable activities		9	1,499,078	167,118	1,666,196	2,tN tr.849
Total expenditure			3,099,578	167,118	3W8,596	4,437,3&f
Net gains((losses)	on investments		138,742		138,742	t'56,997)
Net income((expenditure) Transfers b~n funds		22	361,126 f21,291)	{167,118) 2$,291	194,PPS	5tr,224
Net movement in	funds		339,835	{145,827)	194,N8	5f,224
Reconciliation of	funds:
Total funds brought	forward		1,905,009	493,708	2,398,717	2,347,493
Net movement in funds			339,635	f145,827)	194&008	5$,224
Total funds carried forward			2,244,844	347,881	2592,725	2,398,Tf7

			CONSOLIDATED	STATEINENT QF FINANCIAL	STATEINENT QF FINANCIAL	POSITION
				AS AT 3$ JULY 2021
						2021
				Note		E
Fixed assets
Tang ible asseh				15		347,881		499,706
investments				16	1,306,901			Pt, 746,359
					1,654,782			f,640,06P
Current assets
Stocks				17	92,113		97.062
Debtors				18	28,353		88.5P P
Cash at bank	and in harrd				1,385,814		P,029,029
					1~,280
Creditors. amounts		falling	due within one
year				19	(M7,825)
Net current assets					1,098,465			924,375
Total assets	less current		ilabilities		2,753,237			2,564,436
Provisions for liabilities				21	(160,511)			(f65,7P9J
Total net assets					2,592,726			2,398,7f7
Charity funds
Unrestricted	fixed asset. funds			22		34'7,885		493,708
Unrestricted	funds			22	2,244,845			P,905,rM9
Total funds					2,592,726			2998.717

	COIIPAHY	STATEMENT OF FINANCIAL	STATEMENT OF FINANCIAL	P08lTIQH
		AS AT 31 JULY 2021
		Note		2021f		2020
Fixed assets
Tangible assets		15		$47~1		493,758
fnvestnrenh		16		1,306,9O3		f,f46,355
				1,664,784		f,640,063
Ctrrrent assets
Debtors			59,686		f73.048
Cash at bat4r, and	in hand		1,167.872		849.857
			1,227,558		f,022,899
Creditors. arnrrunts	fafhng due within one
year		19	(100+68)		(133,8$f)
Net crIrrent assets				1,126,890		889,088
Total assets less	current )fabilities			2,781874		2,529,f5f
Pravisions for liabilities				(105,197)		(f72,027)
Total net assets				2,676,277		24f7,f24
Charityfunds
Unrestricted fixed	asset fund	22		347+81		493,768
Unrestricted funds
Generaf funds		22	2,328,3a6		f.923.4f6
Total unrestricted	funds	22		2,326,396		7,923.456
Total funds				2,676,277		2,477,$24

				2021 E	20Kf
Cash flows froiri Operating	activities
Net cash used in operating	aclivities (note 26j			358,074	208,4ff
Cash flows Crein investirrg	activities
Purchase oftangible fixed assets				(21,2SS)	(8f,784)
Net cash used in investing	activities			(21,269)	(61,784)
Change in cash and cash	equivalents	in	the year	336,786	$46,627
Cash and cash equivalents	at ihe beginning		ofthe year	1,029,D29	882,002
Cash and cash equivalents	atthe end	of the year		1,355,814	7,029,029

Unrestricted	Total	Tofaf
funds	funds	funrfs
2021	202$	20K
	E
1,357,643	1,367,64S	2.487,073

		Unrestricted	Total	Tafa(
		funds	funds	Jbnds
		2021	2021 E	2020f
Dividends	from investments	2fl,184	28,184	37,857
Bank interest received		1 1lo	1BIO	7,574
		28,294	2$,264	33.491

			Unrtretrictecf	Total	Tofrt(
			(unds	funds	fIrads
			202$	202$	2r72t7
Government	grants		149152	149,152	2f9,967
Other incoming		resources	l 'i,9l6	11,916	7.676
			161,066	161,068	227,0M

			Unrrrstrfc ted
		Unrestricted	fixed asset	Total		Total
		funds	funds	funds		I'vntfs
		2021f	2021	2021 E		2020 E
Governance		39,400		39,400		57,654
Activities		31,433		31.433		66.077
Incfusivity	and diversity	122,177		122,177		24,389
Sports		92,229		92,229		f74,342
Educalion		23,405		23,405		2r, f82
A dmin		l,190,434	167,l lB	1,367,662	1,724,205
		1,499,078	l67,118	1,666,196	2,067,849
Total 2020		r,852,968	208,88f	2.06$.8&9

	A col ties
	underta ken	Total	Tofal
	directly	funds	(unds
	2021	2021 E	2020f
Governance	39,400	39,400	57,M4
Actlvl ties	31,433	31,433	66,077
Welfare and Cornrnunily	122,$77	122,177	24,989
Sports	92.229	92,229	774,342
Education	23.405	23406	2f,f82
dmin	1,357.552	1,357,552	7,724,295
	1,666,'l96	1,666,196	2,06$,849

					2021		2020
							E
	H.U.U. Services Limited -Trading
	Turnover		1,434,071				2,494,902
	Other operating income		310,676			f36,227
	Charily trading cost of sales		(609,447)			(7,3)8.9$tf
	Administrative expenses		(1,201,679)			(f,306,9f0)
			I1,5D04$0)				(2,488.694)
	Net profit from trading activities			f66,379)			6,2O8
						2021	2020
						E	E
	&let profit from trading activities
	Net income from trading achvities					144,643	248,S34
	Rent and fees paid lo parent					(211.IQ33)	(242 677)
	Investment income						35f
	Net profit prior to certsotidation					(66,379)	6,2'
	Hull University Union Limited owns lOP%		of the issued share capital	in	H.U.LI.	Services Limited,
	Company registration number		03908637
	Total assets as at 3l July 202l		f312.194
	Total iiabihties as at 31July 2021 Total equity as at 31July 2021		2395,742 (E83.548)
12.	Auditors' remuneration
						2021
						E
	Fees payable to the Corppan'' annual accounts	auditor for the audit of Ihe company's				13,6OI	f3,250

13.	Staff costs and trustee remuneration	Staff costs and trustee remuneration	Staff costs and trustee remuneration
									2	f21f
	Total Charily cost of	employment	(including		recruitment	and	training)		950,842	f,)09,295
									960,842	t,'(09,295
	The average number	of persons	employed		by the company		during	the year	was as follows:
									2021
									No,
	Charitable activities								5$	f8
	Costs of generating	funds							4	34
	Managerttent and administration		of the	union					22	23
										75
	The number of higher paid empl~s			was:
									2021	2020
									E
	In the band I60.l301	—E70.000
									2021
									E
	Staffcost» for the company are:
	Wages and salaries								811,033	94f,OK
	National insurance								67,03I	74.266
	Pen sion contribut ton	s							59,413	62.044
	Other staff costs (recruitment and training)								13,MS	77.985
	Total								9%7,842	7,f49.295
									2021f	2020 E
	Group staff costs were as I'ollows;
	Wages and salaries								0,446,658	1,667.867
	National insurance								136,990	f55,267
	Pen sion oontnbutions								94,658	78,6f8
									1,678,3C6	7,90f,746

||2|I21|| |---|---|---| ||E|| |T McNernara||f0,468| |I Hall||76,973| |Peace tgi-Ehon|2,643|| |H Burton|2,643|| |N Qrduen|iep12|78,740| |E Pettit||fr,eZO| |A Morris||f7,889| |P Bastiani|49,635|2,256| |S Doherty|$9,252|2,256| |EKyte|17,022|2.256| |ELeonard|19,254|2,266| ||99,261|90,9N|

		HUU. UNIVERSITY	HUU. UNIVERSITY	UNION UMITED
		(A Company	Untlted	by Guarantee)
		NOTES TO THE	FINANCIAL STATEMENTS
		FOR THE YEAR ENDED 3l JULY 2021
lS,	Tangible fixed assets
	Group and Company

	Short-term
	leasehold	Fixtures and
	property f	Sttings	Total E
Cost or vtLIuatlon
At 1 August 2020	3,148,553	1,59l,4l8	4,739,97l
Addrliohs		21,2B9	21,289
At 3l July 2021	3,148,663	1,612,707	4,761,260
Depreciation
At l August 2020 Charge for the year	3,148,553	1,097,710 l67,ll6	4,24$,263 167,1t6
At 3l July 202l	3,148,553	l,264,826	4,4l3,379
Net bock value
At 31 July 2021		347,88l	347,888
A(3f Ju&y 20K		49K708	493,708

			Listed
Group			investments E
Cost or valuation
At 1 August 2020			$,14$,353
Additions			332,387
Disposals			(310,891)
Gain on investment			l38,872
At 3l July 2021			1,306,9Dl
Net book vaiue
At 3l July 2D2l			l,3D6,9Ã
Ar 3f July 2020			$.f46.353
	Investments
	In
	subsidiary	Listed
Company	comparsies E	investments	Total E
Cost or valuation
At 'I August 2020	2	l,146,363	1,l46,355
Addrlions		332,367	332,367
Disposals Gain on investments		(310,691) l38,872	(310,69l) l38,872
At 3l July 2D2l	2	1,306,90l	%,306,903
Net book value
At 3l July 2021	2	l,306,90l	l,M6,903
Al 3fJap 2020	2	f, 746,353	f,145,355

			Grou p 2021	Gnxqa 2020
				E
Goods	for	resale	$2.113	97,062

				Group	Group	Company	Canipany
				2021	2020	2021	2020
				e		E
Due within one year
Trade debtors				17,225	f4,527	68,399	f03,666
Other debtors					6,98f		6,978
Prepayments	and accrued income			11126	67,003	1,267	62,404
				28,363	88,5ff	5$,666	f73.048
Creditors: Amounts		falling due within one year
				Group	Group	Company	Compariy
				2021 E	2020 E	2621f	2i020 E
Trade creditors				24,168	2,475	12,530	794
Amounts awed to group			undertakings				30,276
Other laxation	and social security			210,850	77.782	20,609	2f,f92
Other creditors				14,748	23,238	4,285	f0,780
Accruels and	deferred		income	13',069	787,332	63,444	TO,769
				367,826	290,227	100,868	f33,eff

billion in	dicating	a shorffatl of E7	.5 billion,	pro	sons was
Defined	benefit	liability numbers	for the scheme have been produced	using the following	assumptions.
Discount	rate		2021 2.5'a	2020 2.5%
Pension Pension	salary growth increases (CPI)		n(a 1.5%)	nba 1.5~fa

Males currently aged 65(years) Females currently aged 65(years) Males currently aged 45(years) Females currently aged 45 (years'I	2021 24A 25.9 26.3 27.7	2020 24.4 25.9 26.3 27.7
Scheme assets Total scheme liabilities FRS 102total scheme defir. it FRS 102total funding level	2021 3.7bn f67.3bn E3.6bn 95%	2020 663.7bn f67.3bn E3,6bn 95'Ya

Pensierr provisions
	2021
Group
At l August 2020	l65,719
Amounls used	(5,208)
At $1 July 202l	060,M1
	2021f
Company
At l August 2020	l l2,027
Amounts used	(6,830)
At 31July 202l	l05,197

Statement	offunds	offunds
Statement	of funds - current year
Unrestricted		Balance at 1 August 2D20 E.	Income E	Ettpenditure E	Transfers i8out	Gains/ (Losses)	Balance at 31July 2021f
funds
General Funds-
atl funds		1,M$,009	3,32',663	(3,099,$re)	(21,2af)	136,742	2,244JI45
Fixed asset
funds		493,708		(167,548)	2t,291		347~1
Total offunds		2,398,717	3,321,863	(3,266,696I		136,742	2,$92,728

Statement of fund	s - prior year
	8elence et
	7 August			Treasfers	Gains)	Be(ence e(
	2019	income	ExpenCkfwef	in4ut	(Losses)	37 3uiy 2020
Unrest. Acted
funds
General Funds-
eII funds	f,703,998	4,545,524	(4,228,422)	(59,004)	(56,997)	$,965,009
Fixed asset
funds	843.585		(208,88f)			493,708
To&Iof furhds	2,347493	4,545,524	(4,437,3o3)	(59,0&/)	(56,997)	2,398,777

			Balance at 1			Transfers	GainP	Balance at
			August 2020	fncame	Expenditure	infout	(Losses)	31July 2021
				E
General	ILrnds		1,9D5,009	3,321,963	(3,099,578)	(2t,291)	138,742	2,244,845
Unresfncted
fixed asset		funds	493,706		(167,148)	21,291		347,681
			2,398,717	3,321,963	(3,266,696)		13$,742	2,592,726
Summary		offunda - prior year
			Ba(amerce af
			f Augusf 20i9	incarrre E	Experidi(ure E	Trarrs(ers iniout	Gains/ (Losses) E	Bafarice af 3f July 2020 E
Generat funds			l, 703,908	4,545.524	(4,228,422)	(59,004)	(56,997)	r,905,009
Unrestricted
fixed asset		fLrncis	&f3.585		(208,887)			493,708
			2,347,~93	4.&5,52~	(4,437,M3)	(59,0&r)	(56,997)	2,39e,7f7

Analysis	of net assets betvnen funds - curren	t year
			Unrestricted
		Unrestrlrted	fixed asset	Total
		fund s	funds	funds
		2021 E	2021 E	2021f
Tangible	fixed assets		347,86&	347,e8i
Fixed asset investments		1,306,901		1,306,901
Current assets		1,486,28D		1,486,280
Creditors	due within one year	(387,B25)		(387,825)
Provisions	far liabilities and charges	(160,51l)		(f60,M1)
Total		2,244,845	347,BB1	2,592,726

Analysis of net assets between funds - prior year
		(rounds
		VrrreSfriCfed
	Unresfric&ed	feed assef	Tofaf
	finds		furrds
	2020	2020	2020
		E	E
Tangible fixed assets		493,708	493.708
Fixed asset investments	t,l46,353		7,546.353
Currant assets	1,214.600		l.2f4.800
Creditors due within one year	(290,227)		(290.227)
Provisions for liabilities and charges	(165,7l9)		(565,7f9)
Total	1,905,IDID7	493,708	2,3()8,7f5

					Group	GrOrrp
					2021
					E	E
Net incoine per year	per the statements		of financial	activities	194,008	5).223
Depreciation charges					167,116	208,88)
Listed investment additions and changes			in market	value	(160,548)	tf,034
Loss on the sale offixed assets						2,780
Movement in pension	liability				(6,208)	3.3f5
Decreasef(increase)	in debtors				60,158	(9.925)
increase)(decrease)	in creditors				ar,699	(35, 'r38)
Decrease)(increase)	in stock				4,949	(23,76f)
Net cash provided	by operating	activities			358,074	208,409

		Group	Group
		2021	2020
		E.
Cash	in hand	1,365,614	7,029.029
Total	cash and cash equivalents	1,365,814	'J,029,029

						At	1August		At 31 July
							2020	Cm h flows	2021
									E
							E
Cash	al	bank	end	in	hand		1,029,029	336,786	1,365,814
							1,029,029	336,785	1,365,814

			Group 2021f		Company 2021	Company 2020
Not later than		1 year	76,333	206,800	69,333	202,9K
Later than	1 year and not later then 5 years			75,333		69,333
			75.333	2e2.f33	69,333	2+,333