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2021-07-31-accounts

The Trustees ofthe Union are als o the Company
Directors for the purpo		 se ofthe Companies
Act, they inc
Sabbatical Trustees
President
Vice President
Education
Vice President
Community		 & 2021-22(Started 1July 2021)
Shima Dallali
Ruqaiyah
Javaid		 2020-21 (Started 1 July 2020)
Saqlain Riaz
Ruqaiyah
Javaid
Wellbeing Shahd Haj Khalil Shima Dallali

2021 2020
Unrestricted Restricted Total Total
Notes fund
f		 funds
F		 funds
6		 funds
E
INCOME AND ENDOWMENTS FRONI
Donations
and legacies		 2 961,416 961,416 959,385
Charitable
activities
Societies 8,297 8,297 23,944
Retail 11,955 11,955 20,695
Other trading activities 3 1,581 1,581 146,280
Investment
income		 4 920 920 306
Total 975,872 8,297 984,169 1,150,610
EXPENDITURE ON
Charitable
activities
Student Activities 236,345 236,345 248,059
Societies 3,195 3,195 22,220
Retail 50,137 50,137 64,958
Advice 125,285 125,285 116,949
Representation
and		 Democracy 373,325 373,325 374,226
Communication
and		 Marketing 120,014 120,014 113,762
Total 905,106 3,195 908,301 940,174
NET INCOME 70,766 5,102 75,868 210,436
RECONCILIATION OF FUNDS
Total funds brought forward 465,680 48,060 513,740 303,304
TOTAL FUNDS CARRIED FORWARD 536,446 53,162 589,608 513,740

2021 2020
Unrestricted Restricted Total Total
Notes fund
f		 funds
f:		 funds
8		 funds
CURRENT ASSETS
Stocks 12 8,834 8,834 7,899
Debtors 13 17,394 17,394 5,176
Cash at bank and in hand 619,851 53,162 673,013 645,597
646,079 53,162 699,241 658,672
CREDITORS
Amounts
falling due within one year		 14 (109,633) (109,633) (144,932)
NET CURRENT ASSETS 536,446 53,162 58a,sos 513,740
TOTAL ASSETSLESSCURRENT
LIABILITIES 536,446 53,162 589,608 513,740
NETASSETS 53,162 ssa,sos 513,740
FUNDS 15
Unrestricted
funds		 536,446 465,680
Restricted funds 53,162 48,060
TOTAL FUNDS 589,608 513,740

2021 2020
Notes 6
Cash flows from operating activities
Cash generated from operations 1 26,496 217,232
Net cash provided by operating activities 26,496 217,232
Cash flows from investing activities
Interest received 920 306
Net cash provided by investing activities 920 306
Change
in cash		 and cash equivalents
in the reporting period 27,416 217,538
Cash and cash equivalents at the
beginning
ofthe		 reporting period 645,597 428,059
Cash and cash equivalents at the end
ofthe reporting period 673,013 645,597

RECONCILIATION OF NET INCOME TO NET CASH OF NET INCOME TO NET CASH OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES FLOW FROM OPERATING ACTIVITIES
2021 2020
Net income for the reporting period (as per the Statement of
Financial Activities) 75,868 210,436
Adjustments
for:
Interest received (920) (306)
(Increase)/decrease in stocks (935) 9,004
(Increase)/decrease in debtors (12,218) 40,709
Decrease in creditors (35,299) (42,611)
Net cash provided by operations 28,496 217,232
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.8.20 Cash flow At 31.7.21
8 8
Net cash
Cash at bank and in hand 645,597 27,416 673,013
645,597 27,416 673,013
Total 845,597 27,416 673,013

DONATIONS
 AND LEGACIES
2021 2020
6
Other grants
Donations		 5,416
ass,ooo		 3,385
956,000
a61,416 959.385
OTHER TRADING ACTIVITIES
2021 2020
6 6
Sponsorships
Events income		 69 9,841
12,006
NUS Card 1,501 1,947
Miscellaneous Income 11 122,486
1,581 146,280

INVESTMENT INCOME
2021 2020
5
Deposit account interest 920 306
INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity 6 E
Societies income Societies 8,297 23,944
Shop income Retail 11,955 20,695
20,252 44,639

CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
6 5
Student Activities 140,963 95,382 236,345
Societies 3,195 3,195
Retail 9,263 40,874 50,137
Advice 111,660 13,625 125,285
Representation and Democracy 277,947 95,378 373,325
Communication and Marketing 92,765 27,249 120,014
635,793 272,508 908,301
SUPPORT COSTS
Governance
Management costs Totals
5 5
Student Activities 90,879 4,503 95,382
Retail 38,945 1,929 40,874
Advice 12,982 643 13,625
Representation and Democracy 90,876 4,502 95,378
Communication and Marketing 25,963 1,286 27,249
259,645 12,863 272,508

2021 2020
6
86,024 88,713

2021 2020
6 F
Wages and salaries 746,040 731,201
746,040 731,201
The average monthly number ofemployees during the year was as follows:
2021 2020
Full time 16 13
Part time 2 4
18 17
The number of employees whose employee benefits (excluding employer pension costs) exceeded
f60,000was:
2021 2020
f60,001 - F70,000 1 1

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
6
INCOME AND ENDOWMENTS FROM
Donations and legacies 959,385 959,385
Charitable
activities
Societies 23,944 23,944
Retail 20,695 20,695
Other trading
activities		 146,280 146,280
Investment
income		 306 306
Total 1,126,666 23,944 1,150,610
EXPENDITURE ON
Charitable
activities
Student Activities 248,059 248,059
Societies 8,203 14,017 22,220
Retail 64,958 64,958
Advice 116,949 116,949
Representation
and		 Democracy 374,226 374,226
Communication
and		 Marketing 113,762 113,762
Total 926,157 14,017 940,174
NET INCOME 200,509 9,927 210,436
RECONCILIATION OF FUNDS
Total funds brought forward 265,171 38,133 303,304
TOTAL FUNDS CARRIED FORWARD 465,680 48,060 513,740

12. STOCKS
2021 2020
f 6
Stocks 8,834 7,899
13. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
6
Trade debtors 235 283
Other debtors 164
VAT 3,533
Prepayments and accrued income 13,462 4,893
17,394 5,176
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
8 F
Trade creditors 3,583 58,947
VAT 355
Other creditors 8,077 927
Accrued expenses 97,973 84,703
109,633 144,932
15. MOVEMENT IN FUNDS
Net
movement At
At 1.8.20 in funds 31.7.21
6 6 5
Unrestricted funds
General fund 465,680 70,766
Restricted funds
Societies 48,060 5,102 53,162
TOTAL FUNDS 513,740 75,868 589,608

Net movemen t
in funds,
inc		 lud ed
in t		 he above are as follows:
Incoming Resources Movement
resources expended in funds
6 6 L'
Unrestricted funds
General fund 975,872 (905,106) 70,766
Restricted funds
Societies 8,297 (3,195) 5,102
TOTAL FUNDS 984,169 (908,301) 75,868
Comparatives for movement in funds
Net
movement At
At 1.8.19 in funds 31.7.20
F
Unrestricted funds
General fund 265,171 200,509 465,680
Restricted funds
Societies 38,133 9,927 48,060
TOTAL FUNDS 303,304 210,436 513,740
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
6 6
Unrestricted funds
General fund 1,126,666 (926,157) 200,509
Restricted funds
Societies 23,944 (14,017) 9,927
TOTAL FUNDS 1,150,610 (940,174) 210,436

A current yea r 12 months and prior year 1 2months
combined
position isas f		 ollows:
Net
movement At
At 1.8.19 in funds 31.7.21
L
Unrestricted funds
General fund 265,171 271,275 536,446
Restricted funds
Societies 38,133 15,029 53,162
TOTAL FUNDS 303,304 286,304 589,608
A current
ye
above are as		 ar 12 months
and
prior yea
follows:		 r 12 months
combined
net move		 ment
in funds,
 included
in
Incoming Resources Movement
resources expended in funds
8 8 6
Unrestricted funds
General fund 2,102,538 (1,831,263) 271,275
Restricted funds
Societies 32,241 (17,212) 15,029
TOTAL FUNDS 2,134,779 (1,848,475) 286,304

RELATED P ARTY DISC LOSURES
The following transactions took place with sabbatical officers in the year ended the 31stJuly, 2021.
Sabbatical Post Salary Expenses
President f24,461 Nil
Vice president Education 624,461 Nil
Vice president Activities and Development f24,461 Nil