2022-07-31-accounts

				Page
Reference and administrative details ofthe company,			its trustees and advisers	1-2
Trustees' report				3-9
Independent	auditors' report on	the financial statements		10-13
Consolidated	statement offinancial activities			14
Consolidated	Statement ofFinancial Position			15
Company statement offinancial		position		16
Consolidated	statement ofcash	flows		17
Notes to the	financial statements			18-42

	FO	R THE	YEAR ENDED 31	JULY 2022
				Unrestricted
			Unrestricted	fixed asset	Total	ro/a/
			funds	funds	funds	funds
		Note	2022 6	2022	2022	2021f
Income from:
Donations and legacies			1,428,349		1,428,349	1,529,092
Charitable activities			260,743		250,743	245,865
Other trading activities			3,533,4?0		3,533,470	1,357,643
Investments			32722		32,722	28,294
Other income			39,232		39,232	'/61,068
Total income			5,284,516		5,284,516	3,321,962
Expenditure on:
Raising funds			3,340,637		3,340,637	1,600,500
Charitable activities		9	2,167,995	325,949	2,493,944	1,666,I96
Total expenditure			5)508632	325~949	5834581	3266696
Net (expenditure)/income	before net
gains on investments			(224,116)	(325,949)	(550,065)	55,266
Net gains on investments			24,228		24,228	138,742
Net (expenditure)/income			(199,888)	(325,949)	(525,837)	194,008
Transfers between funds		22	(185,556)	185,556
Net movement in funds			(385,444)	(140,393)	(525,837)	194,008
Reconciliation offunds:
Total funds brought forward			2,244,844	347,881	2,592,725	2,398,717
Net movement in funds			(385,444)	(140,393)	(525,837)	194,008
Total funds carried forward			1,859,400	207,488	2,066,888	2592,725

			CONSOLIDATED	STATEMENT OF FINANCIAL POSITION	STATEMENT OF FINANCIAL POSITION
				AS AT 31JULY 2022
					2022		2021
				Note
Fixed assets
Tangible assets				15	207,488		347,881
Investments				16	1,302,580		1,306,901
					1,510,068		1,654,782
Current assets
Stocks				17	99,138	92,113
Debtors				18	59,992	28,352
Cash at bank	and in hand				1,342,390	1,365,814
					1,501,520	1,486,279
Creditortc amounts		falling	due within one
year				19	(456,720)	(387,825)
Net current assets					1,044,800		1,098,454
Total assets	less current		liabilities		2,554,868		2,753,236
Provisions for liabilities					(487,981)		(160,511)
Total net assets					2,066,887		2,592,725
Charity funds
Unrestricted	fixed asset funds			22	207,488		347,881
Unrestricted	funds			22	1,859,399		2244,844
Total funds					2,066,887		2592 725

						HULL UNIVERSITY UNION LIMITED	HULL UNIVERSITY UNION LIMITED	HULL UNIVERSITY UNION LIMITED
						(A company	limited by guarantee)
						REGISTERED NUMBER: 08475916
					COMPANY STATEMENT OF FINANCIAL			POSITION
						AS AT 31JULY 2022
								2022	2021
						Note		5	5
Fixed assets
Tangible assets						15		20?,488	347,881
Investments						16		1,302,582	1,306,903
								1,510,0?0	1,654,784
Current assets
Debtors						18	96,224	59,686
Cash at bank and		in hand					1,114,907	1,167,872
							1,211,131	1,227,558
Creditors: amounts			falling	due within		one
year						19	(150,810)	(100,866)
Net current assets								1,060,321	1,126,690
Total assets less		current		liabilities				2,5?0,391	2,781,474
Provisions for liabilities								(362,506)	(105,197)
Total net assets								2,207,885	2676,277
Charity funds
Unrestricted fixed		asset fund				22		20?,488	347,881
Unrestricted funds
General funds						22	2,000,397	2,328,396
Total unrestricted		funds				22		2,000,397	2,328,396
Total funds								2,207,885	2,676,277
The Company's	net		movement		in funds for the year was f(468,392) (2021-5259,153).

		FO	R THE YEAR ENDED 31 JULY 2022
				2022 5	2021f
Cash flows from operating		activities
Net cash	used in operating	activities (note 26)		162,136	358,074
Cash flows from investing		activities
Purchase	oftangible fixed assets			(201,230)	(21,289)
Proceeds	from sale of investments			15,670
Net cash	used in investing	activities		(185,560)	(21,289)
Change	in cash and cash	equivalents	in the year	(23,424)	336,785
Cash and	cash equivalents	at the beginning ofthe year		1,365,814	1,029,029
Cash and cash equivalents		at the end ofthe year		1,342,390	1,365,814
The notes on pages 18to42 form part ofthese financial statements

						Unrestricted	Total
						funds	funds
						2022	2022
						E
	University	of Hull subvention			grant	1,400,000	1,400,000
	Other grant		income			28,349	28,349
	Total 2022					1,428,349	1,428,349
						Unrestricted	Total
						funds	funds
						2021	2021
						E	E
	University	of Hull subvention			grant	1,354,000	1,354,000
	Other grant		income			175,092	175,092
						1,529,092	1,529,092
5.	Income from charitable			activities
						Unrestricted	Total
						funds	funds
						2022	2022
						E	F
	Charitable		activities			250,743	250,743
						Unrestricted	Total
						funds	funds
						2021	2021
	Charitable		activities			245,865	245,865

				Unrestricted	Total
				funds	funds
				2022	2022
				F
	Sales			3,533,470	3,533,470
				Unrestricted	Total
				funds	funds
				2021 8	2021f
	Sales			1,357,643	1,357,643
7.	Investment		income
				Unrestricted	Total
				funds	funds
				2022	2022
					6
	Dividends		from investments	32,032	32,032
	Bank interest received			690	690
				32,722	32,722
				Unrestricted	Total
				funds	funds
				2021f	2021f
	Dividends	from investments		28,184	28,184
	Bank interest received			110	110
				28,294	28,294

			Unrestricted	Total
			funds	funds
			2022	2022
				F
Government	grants		27,691	27,691
Other incoming		resources	11,541	11,541
			39,232	39,232

			Unreslricted	Total
			funds	funds
			2021f	2021 5
Government	grants		149,152	149,152
Other incoming		resources	11,916	11,916
			161,068	161,068

			Unrestricted
		Unrestricted	fixed asset
		funds	funds	Total
		2022	2022	2022
			5	f.
Governance		79,822		79,822
Activities		201,424		201,424
Inclusivity	and diversity	69,476		69,476
Sports		340,635		340,635
Education		174,945		174,945
Admin		1,301,693	93,827	1,395,520
Loss on sale offixed assets			232,122	232,122
		2,167,995	325,949	2,493,944

	Unrestricted	Restricted
	funds	funds	Total
	2021f	2021 5	2021f
Governance	57,337		57,337
Activities	86,295		86,295
Welfare and Community	55,292		55,292
Sports	156,928		156,928
Education	152744		152744
Admin	990,482	167,118	1,157,600
	1,499,078	167,118	1,666,196

	Activities
	undertaken	Total
	directly	funds
	2022	2022
		6
Governance	79,822	79,822
Activities	201,424	201,424
Welfare and Community	69,476	69,476
Sports	340,635	340,635
Education	174,945	174,945
Admin	1,395,520	1,395,520
Loss on fixed assets disposal	232,122	232,122
	2,493,944	2,493,944

Analysis ofexpenditure by activities (continued)
	Activities
	undertaken	Total
	directly	funds
	2021	2021
Governance	57,337	57,337
Activities	86,295	86,295
Welfare and Community	55,292	55,292
Sports	156,928	156,928
Education	152,744	152,744
Admin	1,157,600	1,157,600
	1,666,196	1,666,196

								2022		2021
								6
H.U.U.Services Limited -Trading
Turnover						3,565,904				1,434,071
Other operating income						40,043			310,676
Charity trading cost ofsales					(1,799,218)				(609,447)
Administrative expenses					(1,864,376)				(1,201,679)
						(3,623,351)				(I,500,450)
Net profit from trading activities							(57,447)			(66,379)
									2022	2021
									F	6
Net profit from trading activities
Net income from trading activities									265,220	144,643
Rent and fees paid to parent									(322,757)	(211,033)
investment income									90	11
Net profit prior to consolidation									(57,447)	(66,379)
Hull University Union Limited owns		100%		ofthe issued		share capital	in	H.U.U.	Services Limited.
Company registration number						03906837
Total assets as at 31 July 2022 Total liabilities as at 31 July 2022 Total equity as at 31 July 2022						8381,561 F522,556 (5140,995)
Auditors' remuneration
									2022 6	2021 f
Fees payable to the Company's annual accounts	auditor		for the audit of			the Company's			13,000	I3,500
Fees payable to the Company's	auditor		in	respect	of:
All taxation advisory services not included				above					1,000	800
All non-audit services not included		above							1,000	150
Total									15,000	14,450

Staffcosts	and trus	tee remune	ration
								2022f	2021f
Total Chadty	cost of	employment	(including		recruitment	and	training)	1,415,749	950,842
								1,415,749	950,842
The average	number	of persons	employed		by the company		during the year	was as follows:
								2022	2021
								No.	No.
Charitable activities								17	18
Costs of generating		funds						3	3
Management	and administration		ofthe	union				17	16
								37	37
The number	of higher paid employees			was:
								2022f	2021f
In the band	f70,001	- f80,000
								2022f	2021f
Staff costs	for the company are:
Wages and	salaries							948,123	811,033
National insurance								75,978	67,031
Pension contributions								341,464	59,413
Other staff costs (recruitment and training)								50,184	13,365
Total								1,415,749	950,842
								2022	2021f
Group staff	costs were as follows:
Wages and	salaries							2,035,720	1,446,658
National insurance								169,370	136,990
Pension contributions								446,694	94,658
Total								2,651,784	1,678,306

	2022f	2021
M SHabeeb	1,495
Peace Igi-Ehon	20,262	2,643
H Burton	13,416	2643
N Orduen 0 Fadipe	2,767	18,812
H Arslan	2,767
P Bastiani S Doherty	18,552 18,552	19,635 19,252
E Kyte		17,022
E Leonard	13,426	19,254
	91,237	99,261

	Short-term
	leasehold	Fixtures and
	property	fittings 6	Total 6
Cost or valuation
At 1 August 2021	3,148,553	1,612,707	4,761,260
Additions		201,230	201,230
Disposals		(1,134,116)	(1,134,116)
At 31 July 2022	3,148,553	679,821	3,828,374
Depreciation
At 1 August 2021	3,148,553	1,264,826	4,413,379
Charge for the year		93,827	93,827
On disposals		(886,320)	(886,320)
At 31 July 2022	3,148,553	472,333	3,620,886
Net book value
At 31 July 2022		207,488	207,488
At 31Ju/y 2021		347,881	347,881

					Listed
Group					investments F
Cost orvaluation
At 1 August 2021					1,306,901
Additions					247,066
Disposals					(261,083)
Amounts	written	off			9,696
At 31 July	2022				1,302,580
Net book	value
At 31 July	2022				1,302,580
At 31Ju/y	2021				1,305,901
			Investments
			in
			subsidiary	Listed
Company			companies F	investments K	Total F
Cost or valuation
At 1 August 2021			2	1,306,901	1,306,903
Additions				247,066	247,066
Disposals				(261,083)	(261,083)
Capital gains				9,696	9,696
At 31 July	2022		2	1,302,580	1,302,582
Net book	value
At 31 July	2022		2	1,302,580	1,302,582
Al 31July	2021		2	1,306,901	1,306,903

Principal su	bsidiaries	bsidiaries	bsidiaries
The following	was a subsidiary			undertaking		ofthe Company:
Name					Company		Registered office or principal		Principal	activity
					number		place ofbusiness
H.U.U Services		Limited			03906837		Student Central,	Cottingham	Operation	ofbars,
							Road, Hull, HU6	7RX	fundraising	events
									and the operation		of
									retail shop	of Hull
									University	Union
									Limited.
Class of	Holding		Included		in
shares			consolidation
Ordinaiy		100%	Yes

	The financial results ofthe subsidia	ry for the year were:
	Name	Income	Expenditure	Profit/(Loss)	Net assets
		8	5	ISurplus)	6
				(Deficit) for
				the year
				5
	H.U.U Services Limited	3,565,904	3,623,351	(57,447)	(140,997)
17.	Stocks
				Group	Group
				2022 8	2021f
	Goods for resale			99,138	92,113

		Group 2022	Group 2021	Company 2022	Company 2021
		E		E
Due within one year
Trade debtors		15,521	17,225	76,219	58,399
Other debtors		9,622		9,622
Prepayments	and accrued income	34,849	11,127	10,383	1,287
		59,992	28,352	96,224	59,686

			Group	Group	Company	Company
			2022	2021	2022	2021
			E		E
Trade creditors			115,005	24,168	47,986	12,530
Other taxation	and social security		172,185	210,850	20,859	20,609
Other creditors			15,970	14,748	5,125	4,285
Accruals and deferred		income	153,560	138,059	76,840	63,444
			456,720	387,825	150,810	100,868

Defined	benefit liability numbers for th	e scheme have been produced	using the follow
		2022	2021
Discount	rate	25%	2.5%
Pension	salary growth	n/a	n/a
Pension	increases (CPI)		1.5%

		2022
		6
Group
At 1 August 2021		158,810
Amounts	used	329,171
At 31July 2022		487,981
		2022
		6
Company
At 1 August 2021		103,497
Amounts	used	259,009
At 31July 2022		362,506

Statement offunds	Statement offunds
Statement offunds - current year
	Balance at 1				Transfers	Gains/	Balance at
	August 2021 F	Income 5	Expenditure	5	in/out 6	(Losses) 6	31July 2022
Unrestricted
funds
General Funds-
all funds	2,244,844	5,284,515	(5,508,632)		(185,556)	24,228	1,859,399
Fixed asset funds	347,881		(325,949)		185,556		207,488
Total offunds	2,592,725	5,284,515	(5,834,581)			24,228	2,066,887

Statement offund	s - prior year
	Balance at
	1August				Transfers	Gainer	Balance at
	2020f	Income f	Expenditure	f	in7out	(Losses) f	31Ju/7 2021 f
Unrestricted
funds
General Funds-
all funds	1,905,009	3,321,962	(3,099,578)		(21,291)	138,742	2,244,844
Fixed asset
funds	493,708		(167,118)		21,291		347,881
Total offunds	2398,717	3321,962	(3266,696)			138,742	2,592,725

Summary	of	funds - current yea	r
		Balance at 1			Transfers	Gains(	Balance at
		August 2021	Income	Expenditure	in/out	(Losses)	31 July 2022
		F		E	F	E	E
General funds		2,244,844	5,284,515	(5,508,632)	(185,556)	24,228	1,859,399
Fixed asset
funds		347,881		(325,949)	185,556		207,488
		2,592,725	5,284,515	(5,834,581)		24,228	2,066,887
Summary	of	funds - prior year
		8atance at
		1August 2020	income f	Expenditure f	Transfers inloutf	Gainer (Losses) f	Balance at 31Ju/y 2021 f
General funds		1,905,009	3,321,962	(3,099,578)	(21,291)	138,742	2,244, 844
Fixed asset
funds		493,708		(167,118)	21,291		347,881
		2398,717	3,321,962	(3,266,696)		138,742	2,592,725

Analysis	of net assets	between funds -current	year
				Unrestricted
			Unrestricted	fixed asset	Total
			funds	funds	funds
			2022	2022	2022
			E	E	E
Tangible fixed assets				207,488	207,488
Fixed asset investments			1,302,580		1,302,580
Current assets			1,501,520		1,501,520
Creditors	due within one year		(456,720)		(456,720)
Provisions	for liabilities	and charges	(487,981)		(487,981)
Total			1,859,399	207,488	2,066,887

				Unrss/i/cled
			I/nresirr'cted	fixed asset	Total
			funds	funds	funds
			2021f	2021f	2021f
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Provisions for liabilities and charges			1,306,901 1,486,280 (387,825) (160,511)	347,881	347,881 1,306,901 1,486,280 (387,825) (160,511)
Total			2,244,845	347,881	2,592,726

25.	Reconciliation ofnet movement	in funds to net	in funds to net	in funds to net	cash flow	from operating	activities
							Group	Group
							2022 F	2021f
	Net income/expenditure for the Activities)	year	(as per		Statement	of Financial	(525,837)	194,008
	Adjustments for:
	Depreciation charges						93,827	167,116
	Listed investment movments and Loss on the sale offixed assets	changes		in market	value		4,321 232,122	(160,548)
	Decrease/(increase) in stocks Decrease/(increase) in debtors Increase in creditors						(7,025) (31,640) 68,898	4,949 60,158 97,599
	Movement in pension liability						327,470	(5,208)
	Net cash provided by operating	activities					162,136	358,074

					Group	Group
					2022 f	2021 f
Cash	in hand				1,342,390	1,355,814
Total	cash and cash		equivalents		1,342,390	1,355,814
Analysis ofchanges			in net debt
				At 1 August		At 31July
				2021	Cash flows f	2022 f
				F
Cash	at bank and	in hand		1,365,814	(23,424)	1,342,390
				1,365,814	(23,424)	1,342,390

under non	wan	cellable operating leases as follo	ws:
			Group	Group	Company	Company
			2022f	2021f	2022 f.	2021
Not later than		1 year	202,000	202,000	202,000	202,000
Later than	1 year and not later than 5years		808,000	808,000	808,000	808,000
Later than	5years		673,333	875,333	673,333	875,333
			1,683,333	1,885,333	1,683,333	1,885,333