##
##
||||||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$0)||||(2,488.694)|
||Net profit from trading
activities|||f66,379)|||6,2O8|
|||||||2021|2020|
|||||||E|E|
||&let profit from trading activities|||||||
||Net income from trading
achvities|||||144,643|248,S34|
||Rent and fees paid lo parent|||||(211.IQ33)|(242 677)|
||Investment
income||||||35f|
||Net profit prior to certsotidation|||||(66,379)|6,2'|
||Hull University
Union Limited
owns lOP%||of the issued share capital|in|H.U.LI.|Services Limited,||
||Company
registration
number||03908637|||||
||Total assets as at 3l July 202l||f312.194|||||
||Total iiabihties as at 31July 2021
Total equity as at 31July 2021||2395,742
(E83.548)|||||
|12.|Auditors'
remuneration|||||||
|||||||2021||
|||||||E||
||Fees payable to the Corppan''
annual accounts|auditor for the audit of Ihe company's||||13,6OI|f3,250|
##
##
##
|13.|Staff costs and trustee remuneration|Staff costs and trustee remuneration|Staff costs and trustee remuneration||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2|f21f|2020|
||Total Charily cost of|employment|(including||recruitment|and|training)||950,842|f,)09,295|
||||||||||960,842|t,'(09,295|
||The average number|of persons|employed||by the company||during|the year|was as follows:||
||||||||||2021||
||||||||||No,||
||Charitable
activities||||||||5$|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|
##
##
##
##