| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, | its Trustees and advisers | ||
| Trustees' report |
2-11 | |||
| Independent auditors' |
report | on the financial statements | 12 - 15 | |
| Statement offinancial | activities | |||
| Balance sheet | 17 | |||
| Statement ofcash flows | 18 | |||
| Notes to the financial | statements | 19-36 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
OF THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31JULY 2021 | ||||||
| Trustees | C Chapman (appointed |
1 July 2019) | ||||
| JTurner (appointed | 19June 2020) | |||||
| T Logan (appointed | 30October 2020) | |||||
| H Ashley (appointed | 30 | October 2020) | ||||
| T Oatey (resigned 30June | 2021) | |||||
| LFrance (resigned 30June 2021) | ||||||
| E Brown (appointed | 1 July | 2021) | ||||
| EWallace (appointed | 1 | July 2021) | ||||
| T Bell (resigned 30June | 2021) | |||||
| M Simons (appointed | 1 November 2020, resigned 30 June 2021) | |||||
| J Bramall (appointed | 1 July 2021) | |||||
| C Livesey (appointed | 1 July 2021) | |||||
| Charity registered | ||||||
| number | 1157391 | |||||
| Principal | office | Edgmond | ||||
| Shropshire | ||||||
| TF108NB | ||||||
| Students' | Union Director | Mr Alastair Burr (resigned |
18/06/2021) | |||
| Mr Liam Davis (appointed | 12/07/2021) | |||||
| Finance Officer | Mrs Sarah-Jane Etherington |
|||||
| Independent | auditors | WR Partners | ||||
| Belmont House | ||||||
| Shrewsbury Business Park |
||||||
| Shrews bury |
||||||
| Shropshire | ||||||
| SY26LG | ||||||
| Bankers | Lloyds Bank | |||||
| 95 High Street | ||||||
| Newport | ||||||
| Shropshire | ||||||
| TF107AZ | ||||||
| Solicitors | Human Results Ltd |
|||||
| e-Innovation Centre |
||||||
| Shifnal Road | ||||||
| Telford | ||||||
| TF2 9FT |
| Restdcted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | 6 | 6 | ||||
| Income from: | ||||||
| Donations and legacies |
15,593 | 173,760 | 189,353 | 163,434 | ||
| Charitable activities |
39,770 | 190,424 | 230,194 | 811,374 | ||
| Investments | 446 | 446 | 1,586 | |||
| Other income | 55,372 | 55,372 | 3,360 | |||
| Total income | 55,363 | 420,002 | 475,365 | 979,756 | ||
| Expenditure on: |
||||||
| Charitable activities |
8 | 27,469 | 552,956 | 580,424 | 960,691 | |
| Tots I expenditure | 27,469 | 552,955 | 580,424 | 960,691 | ||
| Net income/(expenditure) | 27,694 | (132,953) | (105,059) | 19,065 | ||
| Transfers between |
funds | 21 | (44,476) | 44,476 | ||
| Net movement in funds |
(16,582) | (88,477) | (105,059) | 19,065 | ||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 66,704 | 340,539 | 399,243 | 380,178 | |
| Net movement in funds |
(16,582) | (88,477) | (105,059) | 19,065 | ||
| Total funds carried forward | 42,122 | 252,062 | 294,184 | 399,243 |
| Note | 2021 5 |
2020f | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Intangible assets |
15 | 5,656 | 4,599 | |||||
| Tangible assets | 18 | 63,635 | 70,921 | |||||
| Investments | 17 | 91,55'I | ||||||
| 69,293 | 167,271 | |||||||
| Current assets | ||||||||
| Stocks | 18 | 7,789 | 15,626 | |||||
| Debtors | 19 | 66,963 | 102,105 | |||||
| Cash at bank and in hand | 188,504 | 131,735 | ||||||
| 263,256 | 250,458 | |||||||
| Creditors: amounts | falling | due within one | ||||||
| year | 20 | (38,365) | (18,495) | |||||
| Net current assets | 224,891 | 231,972 | ||||||
| Total assets less current | liabilities | 294,184 | 399,243 | |||||
| Net assets excluding | pension asset | 294,184 | 399,243 | |||||
| Total net assets | 294,184 | 399,243 | ||||||
| Charityfunds | ||||||||
| Restricted funds | 21 | 42,122 | 58,704 | |||||
| Unrestricted funds |
21 | 252,062 | 340,539 | |||||
| Total funds | 294,184 | 399,243 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 6 |
2021 8 |
2021f | 2020 | ||
| Bar &Catering | 72,355 | 72,355 | 318,496 | ||
| Events &Security | 15,084 | 15,064 | 241,191 | ||
| Clubs &Societies | 39,770 | 6,644 | 46,414 | 165,889 | |
| Shop | 95,258 | 95,258 | 6,153 | ||
| Membership | Income | 1,083 | 1,083 | 79,645 | |
| 39,770 | 190,424 | 230,194 | 811,374 | ||
| Total 2020 | 811,374 | 811,374 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2020 | |
| 6 | 6 | 5 | |
| Interest receivable | 446 | 1,588 | |
| Total 2020 | '/,588 | 1,588 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021f | 2021 6 |
2020 | |||
| Other | incoming | resources | 55,372 | 55,3'72 | 3,360 |
| Total | 2020 | 3,360 | 3,360 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 6 |
2021 8 |
2021f | 2020 | ||
| Bar &Catering | 82,696 | 82,696 | 242,669 | ||
| Events &Security | 28,064 | 28,064 | 201,695 | ||
| Clubs &Societies | 27,469 | 29,546 | 57,015 | 160,219 | |
| Shop | 92,060 | 92,060 | 6,322 | ||
| Representation, | advice and facilities | 320,589 | 320,589 | 327,586 | |
| 27,469 | 552,955 | 580,424 | 960,S91 | ||
| Total 2020 | 960,S91 | 960,691 |
| Net income/(expenditure) | |||
|---|---|---|---|
| 2021 6 |
2020f | ||
| This is stated after charging: | |||
| Depreciation oftangible |
fixed assets | 15,505 | 16,617 |
| Amortisation ofintangible |
fixed assets | 6,875 | 6,267 |
| Operating lease rentals |
17,448 | 17446 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||
| directly | costs | funds | funds | ||
| 2021 6 |
2021 & |
2021 6 |
2020f | ||
| Bar &Catering | 50,847 | 31,849 | 82,696 | 242,669 | |
| Events &Security | 27,610 | 454 | 28,064 | 201,895 | |
| Clubs &Societies | 56,561 | 454 | 57,015 | 180,219 | |
| Shop | 91,606 | 454 | 92,060 | 8,322 | |
| Representation, | advice and facilities | 122,074 | 198,515 | 320,589 | 327,586 |
| 348,698 | 231,726 | 580,424 | 980,691 | ||
| Total 2020 | 709,288 | 251,403 | 960,691 |
| Bar& | Events & | Clubs 8 | |||
|---|---|---|---|---|---|
| Catering | Security | Societies | Shop | ||
| 2021 | 2021 | 2021 | 2021 | ||
| 6 | 8 | 6 | |||
| Wages | and salaries | 31,395 | |||
| Governance costs - Trustees' expenses | 3 | 3 | 3 | 3 | |
| Accountancy | 206 | 206 | 206 | 206 | |
| Auditor's | remuneration | 245 | 245 | 245 | 245 |
| 31,849 | 454 | 454 | 454 | ||
| Total 2020 | 56,440 | 387 | 376 | 398 |
| Analysis of | support co | sts ( | con | tinued) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Representat | ||||||||||
| ion, advice | ||||||||||
| and | Total | Total | ||||||||
| facilities | funds | funds | ||||||||
| 2021 8 2021 6 |
2020f | |||||||||
| Wages and salaries | 182,262 | 213,657 | 235,936 | |||||||
| Governance | costs - Trustees' | expenses | 17 | 29 | 427 | |||||
| Accountancy | 7,416 | 8,240 | 7,840 | |||||||
| Auditor's remuneration |
8,820 | 9,800 | 7,200 | |||||||
| 198,515 | 231,726 | 251,403 | ||||||||
| Total 2020 | 193,802 | 251,403 | ||||||||
| Admin wages have been | allocated solely to Representation, | advice and facilities and Barwages have | ||||||||
| been allocated to Bar8 Catering. | 90%ofTrustees' expenses, | accountancy | and auditor's remuneration |
|||||||
| have been allocated to Representation, advance and facilities. |
The remaining | 10%has been split equally | ||||||||
| between other charitable | activities. | |||||||||
| Audltom' remuneration |
||||||||||
| 2021 | 2020 | |||||||||
| 8 | ||||||||||
| Fees payable | to the Charity's | auditor for the audit ofthe | Charity's | annual | ||||||
| accounts | 8,100 | 6,200 | ||||||||
| Fees payable | to the Charity's | auditor and its associates | in | connection with |
||||||
| the Charity's | pension scheme(s) | in respect of: | ||||||||
| All non-audit | services not included above | 1,400 | 1,250 |
| 2021 | 2020 | ||
|---|---|---|---|
| 6 | |||
| Wages and | salaries | 199,779 | 238,574 |
| Social security costs | 10,535 | 10,284 | |
| Employer's | pension - defined contributions | 3,343 | 3,640 |
| 213,657 | 252498 |
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| President | 1 | 1 |
| Office staff | 6 | 6 |
| Part time bar staff | 12 | 27 |
| 19 |
| Intangible assets | |
|---|---|
| Webslte | |
| 6 | |
| Cost | |
| At 1 August 2020 | 18,800 |
| Additions | 7,834 |
| At 31July 2021 | 26,634 |
| Amortlsatlo n |
|
| At 1 August 2020 | 14,101 |
| Charge for the year | 8,875 |
| At 31 July 2021 | 20,876 |
| Net book value | |
| At 31 July 2021 | 5,658 |
| Af 31Ju/y 2020 | 4,899 |
| General & | ||||
|---|---|---|---|---|
| Bar | Social | Clubs 6 | ||
| Assets | Assets | Shop Assets | Total | |
| E | K | |||
| Cost or valuation | ||||
| At 1 August 2020 | 91,824 | 23,671 | sa,4se | 174,963 |
| Additions | 4,as4 | 3,255 | 8,219 | |
| At 31 July 2021 | 96,788 | 23,671 | 62,723 | 183,182 |
| Depmciation | ||||
| At 1 August 2020 | 58,120 | 15,842 | 30,080 | 104,042 |
| Charge for the year | 7,522 | 1,567 | 6,416 | te,eoe |
| At 31 July 2021 | 65,642 | 17,409 | 36,496 | 119,547 |
| Net book value | ||||
| At 31 July 2021 | 31,146 | 6,262 | 26,227 | 63,835 |
| At 31Ju/y 2020 | 33,704 | 7,829 | 29,3ee | 70,021 |
| Unlisted | ||
|---|---|---|
| investments | ||
| 6 | ||
| At 1 August 2020 | 91,651 | |
| Disposals | (93,312) | |
| Revaluations | 1,661 | |
| Stocks | ||
| 2021 | 2020 | |
| 8 | E | |
| Finished goods and goods for resale | 7,789 | 16,526 |
| 2021 | 2020 | ||
|---|---|---|---|
| 6 | |||
| Due within one year | |||
| Trade debtors | 22,894 | 2S,161 | |
| Other debtors | 8,815 | 9,554 | |
| Prepayments | and accrued income | 35,254 | 66,391 |
| 66,963 | 102,106 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Trade creditors | 14,285 | 4,910 | ||
| Other creditors | 450 | |||
| Accruals | and deferred income | 23,630 | 13,585 | |
| 38,365 | 18,49S | |||
| 2021 | 2020 | |||
| 6 | ||||
| Deferred | Income | |||
| Deferred | income at 1 August 2020 | 6,766 | 23,911 | |
| Amounts | released from previous | periods | (5,766) | (18,145) |
| Deferred | income as at 31July | 2021 | 5,766 |
| Statement offunds - | current | year | ||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Balance at | ||||
| August 2020 | Income | Expenditure | in/out f |
31July 2021 8 |
||
| Unrestricted funds |
||||||
| General Funds | 340,539 | 420,002 | (552,955) | 44,476 | 252,062 | |
| Restricted funds | ||||||
| Harper Ireland |
42,151 | 5,070 | (3,142) | (28,445) | 15,634 | |
| BRC | 2,738 | (2,738) | ||||
| Other Clubs &Societies | 13,815 | 34,700 | (20,987) | (1,040) | 26,488 | |
| Widening Participation |
Grant | 15,593 | (3,340) | (12,253) | ||
| 58,704 | 55,363 | (27,469) | (44,476) | 42,122 | ||
| Total offunds | 399,243 | 475,365 | (580,424) | 294,184 |
| Statement offunds - | prior yea | r | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| 1August | Transfers | Balance at | ||||
| 2019 | Income f |
Expenditure | inlout | 31July 2020 f |
||
| Unrestricted funds |
||||||
| General Funds - all funds | 263,121 | 851,283 | (79S,743) | 22,878 | 340,539 | |
| Restricted funds | ||||||
| Harper Ireland |
71,603 | 6,080 | (5,249) | (30,283) | 42,151 | |
| BRC | 2,738 | 24,753 | (24,753) | 2,738 | ||
| Other Clubs &Societies | 42,716 | 83,024 | (119,330) | 7,405 | 13,815 | |
| Widening Participation |
Grant | 14,S16 | (14,616) | |||
| 117,057 | 128,473 | (163,948) | (22,878) | 58,704 | ||
| Total offunds | 380,178 | 979,756 | (960,691) | 399,243 |
| Analysis | ofnet assets between funds - curr | ent year | ||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 6 | ||||
| Tangible | fixed assets | 63,635 | 63,635 | |
| Intangible | fixed assets | 5,655 | 5,658 | |
| Current assets | 42,122 | 221,134 | 263,256 | |
| Creditors | due within one year | (38,385) | (38,365) | |
| Total | 42,122 | 252,062 | 284,184 |
| Analysis | ofnet assets between funds - prior | year | ||
|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2020 f |
2020 f |
2020 | ||
| Tangible | fixed assets | 70,921 | 70,921 | |
| Intangible | fixed assets | 4,699 | 4,699 | |
| Fixed asset investments | 91,651 | 91,651 | ||
| Current assets | 58,704 | 191,764 | 250,468 | |
| Creditors | due within one year | (18,496) | . (18,496) | |
| Tl | 58,704 | 340,539 | 399,243 |
| 2021 | 2020 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E | S | |||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | ||||||
| Activities) | (105,059) | 19,065 | ||||||||||||
| Adjustments | for: | |||||||||||||
| Depreciation | charges | 15,505 | 16,617 | |||||||||||
| Amortisation | charges | 6,875 | 6,267 | |||||||||||
| Gains on investments | (1,661) | (3,212) | ||||||||||||
| Interest received | (446) | (1,586) | ||||||||||||
| Decrease in |
stocks | 8,837 | 742 | |||||||||||
| Decrease/(increase) | in debtors | 35,143 | (42,972) | |||||||||||
| Increase/(decrease) | in | creditors | 19,869 | (16,346) | ||||||||||
| Net cash used in operating | activities | (20,937) | (21,427) | |||||||||||
| 25. | Analysis of | cash and | cash equivalents | |||||||||||
| 2021 | 2020 | |||||||||||||
| 6 | ||||||||||||||
| Cash in hand |
188,504 | 131,736 | ||||||||||||
| Total cash and cash equivalents | 188,504 | 131,73S | ||||||||||||
| 26. | Analysis of | changes | In | net debt | ||||||||||
| At 1 August | At 31July | |||||||||||||
| 2020 | Cash flows | 2021 | ||||||||||||
| 6 | 6 | |||||||||||||
| Cash at bank | and in | hand | 131,736 | 56,768 | 188,504 | |||||||||
| 131,736 | 56,768 | 188,504 |
| cancellable | op | erating leases as follows: |
||
|---|---|---|---|---|
| 2021 8 |
2020f | |||
| Not later than | 1 year | 17,448 | 17,448 | |
| Later than | 1 year and not later than 5years | 2,908 | 20,355 | |
| 20,356 | 37,803 |