##
##
##
|||||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|
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||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||||||
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##
|||||||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|
##
##