|Report ofthe Trustees||to|12| |---|---|---|---| |Report ofthe Independent
Auditors|13|to|15| |Statement ofFinancial Activities||16|| |Balance Sheet||17|| |Cash Flaw Statement||18|| |Notes tothe Gash Flow Statement|||| |Notes tothe Financial Statements|20|lo|28| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |The Trustees ofthe Union|The Trustees ofthe Union|are als|o the Compa|ny
Directors forthe purpo|se ofthe C|ompanies
Act, they inc| |---|---|---|---|---|---|---| |Sabbatical Trustees|||2021-22|(Started 1July 2021)|2020-21|(Started 1July 2020)| |President|||Gesmlna|Tsourrai|Shima Dallali|| |Vice President|Education||||Ruqalyah|Javaid| |Vice President|Community|&||||| |Wellbeing|||||Shahd Haj Khati|| |Students'
Union|Oflicer||Aaminah|Petal||| |Students'
Union|Oificer||Yavuz Emin Kafadar|||| |Students'
Union|Oflicer||Fortune|Sampson||| ## ## ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||fund|funds|funds|funds| |||Notes|f|E||| |INCOINE AND ENDOWMENTS FROM||||||| |Donations
and legacies||2|1,230,677||1,230,677|961,416| |Charitable actlvi0ss||||||| |Societies||||37,141|37,141|8,297| |Retail|||15,082||15,082|11,955| |Other trading
activities||3|41,138||41,138|1,581| |Investment
income||4|1,353||1,353|920| |Total|||1,288/50|3'7,141|1,325/91|| |EXPENDITURE ON||||||| |Charitable
activities||||||| |Student Activities|||352,644||352,644|236,345| |Societies||||36,496|38,496|3,195| |Retail|||97,227||97,227|50,137| |Advice|||148,093||148+93|125285| |Representation
and|Democracy||408,959||408,959|373,325| |Communication
and|Marketing||238,681||238,681|120,014| |Total|||1,305,604|36,496|1,342,100|908,301| |NET INCOME/(EXPENDITURE)|||t17,354)|645|(18,709)|75,868| |RECONCILIATION|OF FUNDS|||||| |Total funds brought|fewsrd||538,446|53,162|589,808|513,740| |TOTAL FUNDS CARRIED FORWARD|||519,002|53,807|572,890|589,608| ## ||||||2022|2021| |---|---|---|---|---|---|---| |||Unrestricted|Restricted||Total|Total| ||Notes|fund
f|funds
f||funds|fundsf| |CURRENT ASSETS||||||| |Stocks
Debtors|12
13|15,319
43,483|||15,319
~3|8,834
17,394| |Cash at bank and in hand||604,773|53,807||558,580|673,013| |||663,5'75|53,807||717,382|699,241| |CREDITORS||||||| |Amounts
falling due within one year|14|(144,483)|||(144,483)|(109,633)| |NET CURRENT ASSETS||519,092|53,807||572,899|589,608| |TOTAL ASSETSLESSCURRENT||||||| |LIABILITIES||519,092|53,$07||572,899|589,608| |NET ASSETS||519,092|53,807|'|572,899|589,608| |FUNDS|15|||||| |Unrestricted
funds|||||519&092|536,446| |Restricted funds|||||53,807|53,162| |TOTAL FUNDS|||||572,899|589,608| ||||||2021| |---|---|---|---|---|---| ||||Notes||| |Cash flows from|operating|activities|||| |Cash generated
from operations|||1|(15,786)|26,496| |Net cash {used in)lprovided||by operating|activities|(15,786)|26,496| |Cash flows from|investing|activities|||| |Interest received||||1,353|920| |Net cash provided|by investing
activities|||1,353|920| |Change
In cash|and cash|equivalents|||| |In the reporting|period|||(14,433)|27,416| |Cash and cash equivalents||at the|||| |beginning
ofthe|reporting|period||673,013|645,597| |Cash and cash equivalents||atthe end|||| |ofthe reporting|period|||656,580|673,013| ## ||RECONCILIATION
ACTIVITIES|OF NE|T|(EXPENDITURE|)IINCONE
TO NET CASH FL|OW FRONI OPE|RATING| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||6|| ||Net (expenditure)fincome||forthe reporting||period (asper the||| ||Statement ofFinancial ActWities)|||||(16,70$)|75,888| ||Adjustments
for.||||||| ||Interest received|||||(1,353)|(920)| ||Increase in stocks|||||(6,485)|(935)| ||Increase in debtors|||||(26,089)|(12,218)| ||Increase/(decrease)|in creditors||||34,850|(35,299)| ||Net cash (used in)lprovlded|||by operations||(15,786)|26,498| |2.|ANALYNS OF CHANGES|||IN NET FUNDS|||| ||||||At 1.8.21|Cash liow|At31.7.22| |||||||R|S| ||Netcash||||||| ||Cash at bank and in hend||||673,013|(14,433)|658,580| ||||||673,013|(14,433)|658,560| ||Total||||673,013|(14,433)|658,580| ## ## ## ## ## ## |2.|DONATIONS|AND LEGACIES|AND LEGACIES||| |---|---|---|---|---|---| |||||2022|2021f| ||Other grants
Donations|||43,673
085,000|5,416
956,000| ||Notional recharge grant|||202,004|| |||||1,230,677|961,416| |3.|OTHER TRADING ACTIVITIES||||| |||||2022|2021| |||||E|E| ||Events income|||7,034|69| ||NUS Card|||1,072|1,501| ||Miscellaneous|Income||331032|11| |||||41,138|1,581| |4.|INVESTNIENTINCOME||||| |||||2022|2021| |||||E|E| ||Deposit account Interest|||1,353|920| |5.|INCOIIE FROII CHARITABLE ACTIVITIES||||| |||||2022|2021| ||||Activity|E|| ||Societies income||Societies|37,141|8,297| ||Shop income||Retail|18,082|1'l,955| |||||52/23|Z),252| ## ## ||||Support|| |---|---|---|---|---| |||Direct|costs (see|| |||Costs|note 7)|Totals| ||||f.|| |Student Activities||157,956|194,688|352,644| |Societies||36,496||36,408| |Retail
Advice
Representation
Communication|and Democracy
and Marketing|13,786
120,281
2T4,270
183,053|83,441
27,812
194,689
55,628|97,227
148,0$3
468,959
238,681| |||785,842|Governance|1,342,100| ## ## |SUPPORT CO|STS|||| |---|---|---|---|---| |||Management|costs|Totals| |||E||| |Student Activities||191,504|3,184|1~688| |Retail||82,07T|1,364|83,441| |Advice
Representation
Communication|and Democracy
and Marketing|27,358
'l$1,506
54,718|454
3,183
910|27,812
1$4,689
55,628| |||547,163|9,095|556,2SS| ## ## ## |2022|2021| |---|---| |F.|F.| |95,339|86,024| ## ## |STAFF CO|STS||||| |---|---|---|---|---|---| |||||2022|2021| ||||||E| |Wages and|salaries|||804,285|746,040| |||||804,285|746,040| |The average|monthly|number ofemployees|during the year was as follows:||| |||||2022|2021| |Full time||||16|16| |Part time||||2|2| |||||18|18| |L'60,000|

was:||| |---|---|---|---| |||2022|2021| |f60,001|- F70,000|1|| |11.|COIIPARATIVES FOR THE STATEINENT OF FINANCIAL ACTIVITIES
Unrestricted|COIIPARATIVES FOR THE STATEINENT OF FINANCIAL ACTIVITIES
Unrestricted|COIIPARATIVES FOR THE STATEINENT OF FINANCIAL ACTIVITIES
Unrestricted|Restricted|Total| |---|---|---|---|---|---| ||||fund|funds|funds| ||INCOME AND ENDOlNNENTS
Donations
and legades|FROIH|961,416||961,416| ||Charitable
activities
Societies
Retell||11,955|8,297|8,297
11,955| ||Other trading
activities
Investment
income||1,581
920||1,581
'920| ||Total||975,872|8,297|984,'l69| ||EXPENDITURE ON||||| ||Charitable
activities
Student Activities
Societies
Retail
Advice
Representation
and Democracy
Communication
and Marketing||236,345
50,137
125,285
373,325
120,014|3,195|236,345
3,195
50,137
125,285
373,325
120,014| ||Total||905,106|3,195|908,301| ||NET INCOINE||70,766|5,102|75,868| ||RECONCIUATION
OF FUNDS
Total funds brought foneard||465,680|48,060|513,740| ||TOTAL FUNDS CARRIED FORWARD||536,446|53,162|589,608| ## |12.|STOCKS|||||| |---|---|---|---|---|---|---| ||||||2022|2021| ||||||6|| ||Stocks||||15319|8,834| |13.|DEBTORS:AMOUNTS FALUNG DUE WITHIN ONE YEAR|||||| ||||||2022|2021| ||||||6|E| ||Trade debtors||||213|235| ||Other debtors||||5,895|184| ||VAT||||4,'l31|3,533| ||Prapaymenis|and accrued income|||33,244|13,482| |||||||17,394| |14.|CREDITORS:||AiiiIOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||||2022|2021| ||||||6|E| ||Trade creditors||||29,518|3,583| ||Other creditors||||'l1,112|8,077| ||Accrued expenses||||103,853|97,973| ||||||144v483|109,633| |15.|MOVEMENT|IN FUNDS||||| ||||||Net|| ||||||movement|At| |||||At 1.8.21
f|in funds
f|31.7.22| ||Unrestricted
General fund||funds|536~|(17,354)|519,N2| ||Restdcted funds|||||| ||Socfe6es|||53,162|645|53,807| ||TOTAL FUNDS|||589,608|(16,7N)|572,899| ## |MOVEMENT|MOVEMENT|IN FUNDS - contin|IN FUNDS - contin|IN FUNDS - contin|ued||||| |---|---|---|---|---|---|---|---|---|---| |Nei movement||in funds, included|||in the above|are as follows:|||| ||||||||incoming|Resources|Movement| ||||||||resources|expended
f|in funds| |Unrestricted||funds|||||||| |General fund|||||||1,28&,250|(1,305,604)|('l7,354)| |Restricted funds|||||||||| |Societies|||||||37,141|(36,496)|| |TOTAL FUNDS|||||||1,325,391|(1,342,100)|(16,709)| |Comparatlvss||formovement||in|funds||||| |||||||||Net|| |||||||||movement|At| ||||||||At 1.8.20|in funds|31,7.21| ||||||||E||| |Unrestricted||funds|||||||| |General fund|||||||465,680|70,766|536,446| |Restricted funds|||||||||| |Socieiies|||||||48,060|5,102|53,162| |TOTAL FUNDS|||||||513,740|75,868|589,608| |Comparative|nel movement||in|funds, included||in the above are|as follows:||| ||||||||Incoming|Resources|Movement| ||||||||resources|expended|in funds| ||||||||||F| |Unrestricted|funds||||||||| |General fund|||||||975,872|(905,106)|70,766| |Restricted funds|||||||||| |Societies|||||||8,297|(3.195)|5,102| |TOTAL FUNDS|||||||964,169|(908,301)|75,866| ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.8.20|in funds|31.7.22| |Unmstrlcted|funds|||| |General fund||465,680|53,412|519,092| |Restricted funds||||| |Societies||48,060|5,747|53,807| |TOTAL FUNDS||513,740|59,159|572,899| |A current
ye
above are as|ar 12 months
and prior ye
follows:|ar 12 months
combined
net move|ment
in funds,
i|ncluded
in| |---|---|---|---|---| |||incoming|Resources|Movement| |||resources|expended|in funds| |||K|F|| |Unrestricted|funds|||| |General fund||2,264,122|(2,210,7'l0 )|53,412| |Restricted funds||||| |Societies||45,438|(39,691)|5,747| |TOTAL FUNDS||2,309,560|(2,250,401 )|59,159| ## ## |RELATED P|ARTY DISC|LOSURES|LOSURES|LOSURES| |---|---|---|---|---| |The following|transactions|took place with sabbatical officers in the year ended the 31stJuly, 2022.||| |Sabbatical Post|||Salary|Expenses| |President|||E30,838|F176| |Vice president|Education||R32,250|f352| |Vice president|Activities and Development||f32,250|Nil| ##