##
|||||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|
##