2021-06-30-accounts - Uswsu

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	Page
Report ofthe Trustees	1to6
Report ofthe Independent Auditors	7tog
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement	12
Notes to the Cash Flow Statement	13
Notes to the Financial Statements	14to 22

					2021	2020
					Unrestricted	Total
					funds	funds
				Notes
INCOME AND ENDOWMENTS			FROM
Donations and legacies Charitable activities					1,602,075	1,346,273
General					120,432	908,430
Other trading activities Investment income					103,419 17	261,914 224
Total					1,825,943	2,516,841
EXPENDITURE ON
Costs ofother trading Charitable activities	activities				69,072	190,611
General					1,237,336	2,225,905
Total					1,306,408	2,416,516
Actuarial loss/Unwinding provision		ofpension scheme			~81.590)	~803,769)
NET INCOME/(EXPENDITURE)					437,S45	(703,444)
RECONCILIATION OF		FUNDS
Total funds brought forward					(2,955,586)	(2,252,142)
TOTAL FUNDS CARRIED FORWARD					~2.51?,641)	~2,955.586)

		2021	2020
		Unrestricted	Total
FIXEDASSETS	Notes	funds F	funds E
Tangible assets	15	42,760	49,617
CURRENT ASSETS
Stocks Debtors Cash at bank and in hand	16 17	41,052 44,839 357.020	60,286 34,536 179,493
		442,911	274,315
CREDITORS
Amounts falling due within one year	18	(155.263)	(337.381)
NET CURRENT ASSETS/(LIABILITIES}		287,648	~63,666)
TOTAL ASSETSLESSCURRENT LIABILITIES		330,408	(13,449)
CREDITORS
Amounts falling due after more than one year	19	(78,333)	(100,000)
PENSION LIABILITY	23	(2,769,716)	(2,842,137)
NET ASSETS/(LIABILITIES)		~2,517,641)	~2.955,586)
FUNDS	22
Unrestricted general funds Pension liability		252,075 ~2.768,716)	(113,449) ~2.842,137)
Unrestricted funds		(2,517,641)	(2,995,586)
TOTAL FUNDS		~2517,64))	~2,955,586)

					2021	2020
				Notes		F
Cash flows from operating	activities:
Cash generated from operations					195,601	42,256
Net cash provided by (used in) operating
activities					195,601	42,256
Cash flows from investing	activities:
Purchase oftangible fixed assets					(8,382)	(5,783)
Interest received					17	224
Net cash provided by (used in) investing activities					~8,385)	~5,559)
Cash flows from financing	activities:
New loans in year					32,703	100,000
Loan repayments in year					~42,412)	~31,830)
Net cash provided by (used in) financing activities					~9,709)	68,170
Change in cash and cash equivalents		in the
reporting period					177,527	104,867
Cash and cash equivalents	atthe beginning		of
the reporting period					179,493	74,626
Cash and cash equivalents	atthe end	ofthe
reporting period					357,020	179,493

	RECONCILIATION OF ACTIVITIES	NET INCOME/(E	XPENDITURE)	TO NET CASH	FLOW FROM	OPERATING
					2021	2020
						f.
	Net income/(expenditure) offinancial activities) Adjustments for:	for the reporting	period (as per	the statement	437,945	(703,444)
	Depreciation charges				15,239	10,125
	Unwinding ofpension scheme				81,590	803,769
	Interest received (Increase)/decrease in stocks Decrease in debtors Increase in creditors				(17) 19,234 (10,303) (194,076)	(224) (3,602) 9,826 71,890
	Difference between pension charge and cash contributions				(154,011)	(146,084)
	Net cash provided by (used in) operating		activities		195,601	42,256
2.	ANALYSIS OF CHANGES	IN NET FUNDS
				At 1/7/20	Cash flow	At 30/6/21
				P		F
	Net cash
	Cash at bank and in hand			174,493	177,527	357,020
	Debt
	Debts falling due within one year Debts falling due after one year			(32,703) (100,000)	(11,958) 21,667	(44,661) ~8,333
				(132,703)	9,709	(122,994)
	Total			46,790	187,236	234,026

6.	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES	INCOME FROM CHARITABLE ACTIVITIES
						2021	2020
							f.
	Shop income					108,871	377,886
	Bar income					7,861	314,272
	Catering income					3,700	158,201
	ENTS department	income					58,071
						136,971	908,430
7.	COSTS OF OTHER TRADING ACTIVITIES
	Other trading activities
						2021 f	2020
	Staff costs —Travel	and employment	service			69,072	138,117
	Other costs - Travel and employment		service				52,494
						69,072	190,611
8.	CHARITABLE ACTIVITIES COSTS
					Direct costs	Support costs	Totals
					(See note 9)	(See note 10)
					F		F
	General				579,027	658,309	1,237,336
9.	DIRECT COSTS OF CHARITABLE		ACTIVITIES
						2021	2020
	Staff costs					261,222	478,298
	Hire ofplant and machinery					751	1,763
	Rent - Campus Centre					168,000	168,975
	Bar expenditure					18,227	177,110
	Shop expenditure					87,647	282,725
	Catering expenditure					8,464	82,786
	ENTS department	expenditure				2,810	81,883
	SU Sport expenditure					23,380	96,451
	Bad debt					624
	Irrecoverable VAT					7,902	27,721
						579,027	1,397,712
10.	SUPPORT COSTS
						Governance
			Salaries	Management	Depreciation	costs	Totals
				E
	General		487,899	89,738	15,239	65,433	658,309

Net income/(expenditure) is stated after charging/(crediting):
	2021	2020
Auditors' remuneration	8,893	12,868
Depreciation - owned assets	15,239	10,125
Hire ofplant and machinery	751	1,763

There were seven trustees (2020:four) who rece	ived remuneration in the year totalling E54,279(20	20:F72,101
	Gross Pay	Pension
		F
Kay Dennis	17,773
Gobi Flowers	4,491
Katie Davies	1,895
David Pye	2,040
Ali Akhtar	1,732
Shannon Lee	13,515
Lois Jones	12,833
	54,279

STAFF COSTS
			2021	2020
			F	F
Wages and salaries			753,406	1,135,334
Social security costs			46,887	61,089
Other pension costs			74,440	73,463
			874,733	1,269,886
The average monthly	number ofemployees	during the year was as follows:
			2021	2020
			?0	128

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED	NOTES TO THE FINANCIAL STATEMENTS - CONTINUED	NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR	THE YEAR ENDED 30JUNE 2021
15.	TANGIBLE FIXEDASSETS
				Office fixtures
				8 fittings
	COST
	At 1 July 2020			223,471
	Additions			8,382
	At 30June 2021			231,853
	DEPRECIATION
	At 1 July 2020			173,854
	Charge for year			15,239
	At 30June 2021			189,093
	NET BOOK VALUE
	At 30June 2021			42,760
	At 30June 2020			49,617
16.	STOCKS
			2021	2020
	Stocks		41,052	60,286
17.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
			F
	Trade debtors		39,291	10,459
	Prepayments and accrued	income	5,548	24,077
			44,839	34,536
18.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2021	2020
	Bank loans and overdrafts	(see note 20)	44,661	32,703
	Trade creditors		10,220	144,218
	Social security and other taxes		11,249	9,910
	VAT		434	7,634
	Other creditors		66,895	52,389
	Accruals and deferred income		21,804	90,527
			155,263	337,381
19.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
			2021	2020
			F	F
	Bank loans (see note 20)		78,333	100,000

An analysis ofthe maturity ofloans is given below:
			2020	2020
				F
Amounts falling due within one year on demand:
Bank loans		44,661		32,703
Amounts falling between one and two years:
Bank loan		78,333		1D0,000
One bank loan bears interest of3.66%p.a. over LIBOR. Instalments are paid loan bears interest of4.42% p.a.over Base Rate. Instalments are paid monthly	monthly until until 2025		2022. The other bank

	Minimum lea	s	e	payments u	nder	non-cancellable operating lease	s fall due as foll	ows:
								2021	2020
									F
	Within one year							168,000	168,000
								168,000	168,000
22.	MOVEMENT		IN	FUNDS
								Net movement
							At 1/7/20	in funds	At 30/6/21
							F	F	E
	Unrestricted		funds
	General fund						(2,955,586)	437,945	(2,517,641)
	TOTAL FUNDS						~2,955.586)	437,945	~2.517,641)
	Net movement		in funds, induded			in the above are as follows:
						Incoming	Resources	Gains and	Movement in
						resources	expended	losses	funds
						F	F	F	E
	Unrestricted		funds
	General fund					1,825,943	(1,306,408)	(81,590)	437,945
	TOTAL FUNDS					1,825,943	~1,606,408)	~81,590)	437,945
								Net
	Comparatives	for		movement	in funds
								movement	At
							At 1/7/19 F	in funds f	30/6/20 E
	Unrestricted			funds
	General fund						(2,252, 142)	(703,444)	(2,955,586)
	TOTAL FUNDS						J2,252,142)	~703.444)	~2,955,586)