## |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
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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| ## ## ##