OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-07-31-accounts

Reference and Administration Reference and Administration Details Page 1
Officer Trustee Team Report Page 3
Trustees'
Report		 Page 5
Statement
ofTrustees		 Responsibilities Page 21
Independent
Auditors'		 Report Page 22
Statement of Financial Activities Page 25
Balance Sheet Page 26
Statement
of Cash Flows		 Page 27
Notes to the Financial Statements Page 28

ommittee
ofSt Mary's Student
ugust 2019to 31 July 2020.		 s'
Union. Student Trustees		 s'
Union. Student Trustees		 are ap poi nted
Board Members 2019/20 Position/Title
Held
Miss Rebecca Coade S ort President/Officer Trustee Chair
Mr Jack Ritchie Student Life President/Officer Trustee
Miss Natalie
Hobkirk		 Education
Officer/Officer		 Trustee
Miss Niainh
Moore		 Student Trustee
Miss Zsuzsanna
Toth*		 Student Trustee
Dr Veronica Fulton External Trustee
Ms Sukhi Panesar External Trustee
Dr Catherine
Quinn		 External Trustee
he Board for 2020/21 (taken office as of 1 July 2020), are as follo ws:
Board Members
2020/21		 Position/Title
Held
Miss Maisie Ward Sport President/Officer Trustee (Chair)
Miss Niamh
Moore		 Education
President/Officer		 Trustee
Mr Charlie Canning Student
Life President/Officer		 Trustee
Miss Maya Cuthbert** Student Trustee
Mr Aidan Cavana
h-Parsons**		 Student Trustee
Dr Veronica Fulton External Trustee
Ms Sheela Patel*** External Trustee

(D
CJ
I		 IA
Cl		 I
CJ
Ol		 (0
Ctl
IA		 Ol (0
(O
CJ
((I
0		 OI
0
(tl		 CO
Ol		 IA
O		 CJ(0
I		 (CJ
Ctl
f
'0 C3
cO		 CI
CO		 IA
CI
tll0 N
'0
L		 CO
CI		 CI
I		 CI
C		 (A
alN IL Ctl
'0
Cl0
'C
N
m		 fll
'00
U		 Ol«4J
CI
CJ		 CD
Ctl
I
I		 (0
(0
I
CJ		 I
Ol
IA
O		 IA
(A		 CI
CJ		 (O
(O
(0		 Ol
CO
CA
Oo(0		 CI
CO
PJ(0
C
o
O
O		 co
I
(D		 (A
O		 ca
CJ		 CJ
CI		 CD (A CI
CI		 CI
C3		 d
an
LUI-
Zo~o
I
CV
Zoohl
u) i~
20&
0 Z
PZ0		 '0
al0
'
~
(II
N
ac		 N
'0
C
U
CI
Ct
Ctt w
m o
((I 4J
0o
I—Ctl		 CD (0 IA OI
CJ(0		 O CD
IA
CJ		 CJ '(C
IA
Ctl		 OI
CO
cn U- UI0
an
z
IU
UJ I- II(
gZ~
g IU ~
Z		 13
(II
V
N
Cl
L		 IO
CI
IL		 CI
Ol w
CJ		 Cl
O
0
(0
'Cl		 (0
o		 IA
O
IA		 Ol
Ctl		 C
COo		 (0
'll
CI(0		 CO
CJ
CD
an I
I-
~C
an
Clal0z N
(II
0
Gl
ol CI
IP
0K
LL
OJ
z
LU
Vl
CI 0
N
z
'
m
ClC )
0 o
z0
m
c( C
cl
m
0ozoo		 Cl
N)
0
ttl
OlL
CI
c0		 E
VI
L		 I-0I- z0
IU
I-
ClZ
UJ
0
X
IU		 N
C
CC
C
(h
m		 N
m
0
(6
(O
m
m		 IU
CIz
LU
IL
Ja
LU
IU
K00z
LUz		 Vl
C
C
C
mI-		 OJ0z
z
z
IU
K
LU
0
Z		 N13L
4
0
L0
lO
0000
tll		 '0
l2
Ol
0
LU
'0
C
0I-		 '0
m
0
IL
Cl
(II
I
IC0
'0
C
0I-		 C
C00
CJ
N
CJ0.0
(O)0
JO
Gf
130
0A.0
N
IU
5
tlf		 E
(P
(C
m0C
m
(0
N
(O
0
m0.
E
N
tll0C0

2020 2019 2019
E E
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash flows provided
by (used in) operating		 activities 292,444 281,757
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends,
interest and		 rents from investments 129 525
Net cash provided
by		 (used in) investing
activities		 129 525
NET CHANGE
IN CASH AND CASH EQUIVALENTS		 292,573 281,232
Cash and cash equivalents
at the start ofthe year		 268,405 549,637
Cash and cash equivalents
at the end ofthe year		 560,978 268,405
RECONCILIATION OF OPERATING SURPLUS TO NET CASH INFLOW FROM OPERATING
ACTIVITIES
2020 2019
E F
Net income/(expenditure)
for the financial year		 54,080 59,127
Adjustments
for:
Depreciation
charge		 540 2,050
Carrying
amount
oftangible
fixed asset disposals		 5,657
Dividends,
interest and		 rents from investments (129) (525)
(Increase)/decrease
in		 stocks 790
(Increase)/decrease
in		 debtors (5,546) 34,041
Increase/(decrease)
in		 creditors 243,499 (382,897)
Net cash provided
by		 (used in) operating
activities		 292,444 281,757
A) Components ofcash and cash equivalents
Cash at bank and in hand 560,978 268,405
6) Analysis ofchanges
in net debt
Cash and Cash Equivalents
At		 1 August Gashflows Non-Cash
Changes		 At 31July
2020
Cash 268,405 292,573 560,978

INCOME FROM GRANTS AND DONATIONS
2020 2019
E
Unrestricted Funds
Block Grant from St Mary's University 408,500 401,000
Waiver of Prior Year Management Charges 52,726
Additional Funding 7,500 24,000
6416,000 6477,726

2. INCOME F ROM CHARITABLE ACTIVITIES
2020
f.		 2019
f
Unrestricted:
Shop sales
Rag Week
AU Dinner		 1,827
2,483
12,628		 11,482
1,101
23,089
Sports Clubs
Launderette		 income 91,026
6,561		 66,681
9,286
Marketing 5,528 6,015
Refreshers Week 5,173 4,221
Miscellaneous 5,555 5,960
130,781 127,835
Restricted:
Sports clubs
Social clubs		 26,856
4,041		 58,232
11,948
30,897 70,180
f161,678 f198,015
3. INCOME FROM OTHER TRADING ACTIVITIES
2020f 2019
f.
Unrestricted:
Freshers' Week 51,205 59,411
Summer
Ball		 46,516
f51,205 f105,927
4. INCOME FROM INVESTMENTS
2020f 2019
f
Unrestricted:
Bank Interest receivable 129 525
f129 f525
5. EXPENDITURE ON RAISING FUNDS
2020 2019
f f
Unrestricted:
Official Functions 10,614 46,168
E1D614 f46 168

2020 2019
6
Unrestricted:
Salaries, national insurance and pensions 275,129 257,063
Shop cost ofsales (3,874) 8,565
Official functions 31,481 23,589
Security 1,385 1,466
Loss on disposal offixed assets 5,657
Depreciation 540 2,050
NUS Levy and external relations 30,378 21,836
Sports clubs 108,599 163,732
Administration 42,129 79,184
Irrecoverable
VAT		 36,783 31,397
Auditors
remuneration		 12,196 5,850
534,746 600,389
Restricted
Sports clubs 26,385 67,732
Social clubs 3,186 8,777
6564,317 6676,898
7. STAFF COSTS AND REMUNERATION
2020 2019
6
The aggregate
payroll		 costs were.
Wages and salaries 238,783 221,803
National
insurance		 costs 22,014 20,583
Pension contributions 12,910 9,762
E273,707 6252,148

2020 2019
6
Students' Union President Salary 19,750 18,617
Vice President Sports and Societies Salary 19,750 18,617
Vice President Community Salary 19,750 18,617
59,250 555,851

Hall &SU Office TV
Refurbishment Equipment Equipment Total
Cost
As at 1 August 2019 9,759 9,759
Additions
At 31 July 2020 9,759 9,759
Accumulated
Depreciation
As at 1 August 2019 8,791 8,791
Charge for the year 540 540
At 31 July 2020 9,511 5511
Net Book Value 31July 2020 248 248
Net Book Value 31 July 2019 788 788
11.DEBTORS
2020f 2019
f
Trade Debtors 10,474
St Mary's University 8,532 3,459
Prepayments
VAT Recoverable		 1,046
21,816		 1,398
10,517
Other Debtors
31,394 f25,848
12.CREDITORS
Amounts
falling due within one		 year 2020
f		 2019
f.
Trade Creditors 10,902 5,826
St Mary's
University		 329,937 84,518
Accruals
and Deferred income		 8,000 13,907
Other Creditors 230 1,319
349,069 f105,570

. MOVEMEN T
ON FU		 NDS
Brought Incoming Outgoing Transfer Carried
Forward resources resources between Forward
fundsf
Restricted funds
Sports clubs
Social clubs		 15,019
11,620		 26,856
4 041		 (26,385)
3,186		 745
676		 16,235
13,151
26,639 30,897 (29,572) 1,421 29,385
Unrestricted funds
General funds 162,832 598,115 (545,360 1,421 214,166
189,471 629,012 574,931 243,551

Brought Incoming Outgoing Transfer Carried
Forward resources resources between Forward
2019 funds 2019
5 6
Restricted funds
Sports clubs 23,466 58,232 (67,732) 1,052 15,019
Social clubs 9,639 11,948 8,777 1,189 11,620
33,105 70,180 (76,509) (137) 26,639
Unrestricted funds
General funds 97,239 659,287 (593.831'I 137 162.832
130,344 729,467 (670,340 189,471

4.ANALY SIS OF NET ASSETS
Unrestricted Restricted Total
6 E
Tangible fixed assets 248 248
Current assets 562,987 29,385 592,372
Current liabilities (349,069) (349,069)
Total 214,166 29,385 243,551
Prior year
Unrestricted Restricted Total 2019
E E
Tangible fixed assets 788 788
Current assets 267,614 26,639 294,253
Current liabilities (105,570) (105,570)
Total 162,832 26,639 189,471