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|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|
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|||||||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|
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|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|
##
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|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|
##
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|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|
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|2021|2020|
|---|---|
|6||
|86,024|88,713|
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|||||||||||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|
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