2021-07-31-accounts - Beds Su

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COVID19- Inadequate	COVID19- Inadequate	COVID19- Inadequate	COVID19- Inadequate	provision	ofa safe	ofa safe	ofa safe	Union follows Public Health England,
working	environment.			Unsafe working				Government advice and current legislation.
practices		lead to	COVID19 infection within staff					When required all staff can effectively work
group. Injury ofstaff, fines and					loss of			from home. All staff required to do a lateral
reputation								flow test at least twice a week before
								attending offices. Offices are COVID 19safe
								re government guidelines. RA and COVID
								19safety expectations sent to all staff. Staff
								returning to the office are required do a
								COVID19 declaration and individual RA ifat
								high risk. Staff given advice for safe home
								working Venues only reopened after
								comprehensive RA reviewed by SLT.
								External H&R consultant and audit
Provision		ofeffective		representation.		Inability		Widespread communications with academic
to attract		required	number ofAcademic				Reps.	colleagues. Academic Rep steering group.
Not seen		as an effective representation					of	Ensure suitable staff recruited to D&E positions.
student	body. Impact			on UOB quality				Extra resources allocated to BeHeard. Closer
assurance. Reduction				of Block	Grant			partnership between CEO &Student Experience.
								Renewed focus with VC Consulting with
								academic colleagues on new models going
								forward Strengthening other areas of
								representation through Union Parliament to
								safeguard gaps in academic rep system.
								Democratic structure su orts ender balance.
SUSS Pension deficit				payment	significantly			Finance Sub-Committee monitoring and
increases		in future years. Unable to maintain						planning. Continue to keep up to date with
essential		staffing	group due to lack of					developments. Work to keep UOB agreement	to
resources. Cash			flow problems					cover pension increases in place. Entered into
								data sharing agreement with SUSStrustees to
								try to determine ifBeds SU has been correctly
								allocated pensioners.

		FORYEAR ENDING	31e JULY 2021	31e JULY 2021
		Unrestricted	Restricted	Designated	Total,	Total
		Funds	Funds	Funds	2021	2020
INCOME
Donations and legacies		1,068,949			1,068,949	1,059,128
Other trading activities		1,210			1,210	210,500
Income from investments		46			46	'782
Income from charitable		77,194			77,194	115,361
activities
		44,759			44,759	60,873
Other Income
Total income		1,192,158			1,192,158	1,446,644
EXPENDITURE Raising funds	7	246,727			246,727	' 556,635
Charitable activities
BeInvolved		64,651			64,661	45,714
BeHeard		420,511	8,000		428;511	386,477
BeSupported		137,149			137,149	108,777
Marketing and communication		312,150			312,150	257,141
Total charitable expenditure		934,471	8,000		942,471	798,109
Total resources expended		1,181,198	8,000		1,189,198	1,354,744
Net income/(expenditure)		10,960	(8,000)		2,960	91,900
		(41,683)		41,683
Transfer between funds
	18
Actuarial loss on defined						(251,229)
benefits
Pension scheme
Net movement in funds		(30,723)	(8,000)	41,683	2,960	(159,331)
RECONCILATION OF FUNDS
Total funds Bought Forward		378,248	17,401	(578,686)	(183,037)	(23,708)
Total funds carried forward		347,525	9,401	(537,003)	(180,077)	(183,037)

		AS	AT31st JULY2021
			2021	2021	2020
				6	6
Fixed assets
Tangible assets		14		51,420	46,142
Current assets
Stocks
Debtors		15	45,545		115,632
Cash at bank and	in hand		409,904		368,384
			455,449		484,016
Creditors: amounts		16	(138,679)		(130,791)
falling due within	one
year
Net currant assets				316,770	353,225
Total assets less	current			368,190	399,367
liabilities
Delined benefit pension		17		(548,267)	(582,404)
scheme liability
Total net liability				(180,077)	(183,037)
FUNDS
Unrestricted funds:		19
General fund				347,525	378,248
Pension deficit				(582,422)	(610,626)
Restricted funds		20		9,401	17,401
Designated Funds				45,419	32,140
Total Funds				(180,077)	(183,037)

									Year Ending	Year Ending
									July 2021	July 2020
										6
Cash flows from		operating	activities:
Net cash	provided by operating				activities			21	70,842	19,462
Cash flows from		investing	activities:					4	46	782
Purchase	oftangible assets							14	29,368	19,668
Net cash	used in investing			activities					41,520	576
Change	in cash	and cash		equivalents		in the			41,520	576
reporting	period
Cash and cash equivalents '				at the	beginning		ofthe		368,384	367,808
reporting	period
Cash and	cash equivalents			at the	end ofthe		reporting	21	409,904	368,384
period

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		E	6	6	8
Donations and giRs		182,468		182,468	174,000
Grants receivable for core		886,481		886,481	885,128
activities
		1,068,949		1,068,949	1,059,128
Donations and GIRa
Facilities in kind provided	by	182,468		182,468	174,000
the University
		182,468		182,468	174,000
Grants receivable for core
activities
Block grant from University,		886,481		886,481	885,128
Other Grants from University
		886,481		886,481	885,'128
3Other Trading Activities
Income from trading				Total	Total
				2021	2020
				6
Fresher's					13,500
The HUB Venue				459	39,966
The Metro Kitchen					101,029
The Metro Bar				751	56,005
				1,210	210,500

			Total	Total
			2021	2020
Deposit	account	iriterest	46	782

		Unrestricted	Restricted	Total	Total
		Fundsf	Fundsf	2021 f	2020 f
BeSupported					1,304
Marketing and
communication		13,324		13,324	31,021
International	Student salary	63,859		63,859	83,036.
recharge
		77,194		77,194	115361

			Unrestricted	Restricted	Total	Total
			Fundsf	Funds'f	2021f	., 2020f
Insurance	settlement		4,337		4,337
Job retention		Scheme Grant	40,422		40,422	60,873
			44,759		44,759	60,873

			Unrestricted	Restdcted	Total	Total
			Fundsf	Fundsf	2021f	2020f
The Metro Kitchen			46,250		46,250	154,544
The Metro Bar			42,678		42,678	107,620
The HUB			75,104		75,104	132,868
Fresher's 2020						6,955
Green HUB						345
International	student	payroll	66109		66,109	82,884
			230,141		230,141	485,216

NOTES TO THEA	CCO	UNTS	(continued)	(continued)
			Metro		Metro		Hub	Total	Total
			Kitchen			Bar	Venue	2021	2020
Support Costs:				8		6	6	8	6
Facilities provide	by					459	1,148	2,296	11,325
UOB
Governance				128		86	214	428	2,066
Depreciation				255		169	423	847	4,525
Staff costs				2,946	1,964		4,911	9,821	38,960
Other				958		839	1,597	3,194	14,543
				4,976	3,317		8,293	16,586	71,419
Charitable Activities		Costs
								Support
						Direct		Costs	Totals
						costs	(Seenote 9)		2021
						8		8	8
Be Involved						39,782		24,879	64,661
BeHeard						.279,238		149,273	428,511
BeSupported						95,684		41,465	137,149
Marketing &						229,221		82,929	312,150
Communications
						643,925		298,546	942,471
Support Costs
			Be 'Involvedf	Be,Heard		Be Supported 8		Marketing &Comms 6	Total
Facilities provide	by UOB		3,443		20,664	5,740		11,480.	41,327
Governance			640		3,848	1,069		2,138	7,695
Depreciation			1,270		7,621	2,117		4,234	15,242
Staff costs			14,733		88,391	24,553		49,108	176,783
Other			4,793		28,749	.7,986		15,971	57,499
			24,879		149,273	41,465		82,929	298,548
0Net Income (Expenditure)
et income/(expenditure)		is stated after charging
								2021	2020
								8	8
Depreciation								24,088.	26,445
National Union of	Students							20,912	36,280
Auditor Remuneration								7,800	7,775

Trustee name	received 2020/21	Pension Benefits Received 2020/21
Laura Tamara	K2,444	K57
Quadri Yusuf	K2,087	K47
Catalina Nita	K2,444	K58
Dylan Cox	K5,595
Alessandro Manea	K17,970	K33
Joshua Chukwu	K17,970	K368
Michael Alawaye	K17,970	K368
Hafijur Shuvo	617,970	K100

NOTES TO THEACCOUNTS (continued)
12 Employees
	Total	Total
	2021	2020
	8	6
Wages and salaries	690,411	745,687
Social Security Costs	58,424	'58,173
Other Pension Costs	13,134	12,109
	761,969	815,969

he average n	umber ofemployees during the y	ear was:
		2021	2020
		Number	Number
Administration	and management	3	3
Be Involved			2
BeHeard			9
BeSupported			3
Marketing tt Communication			5
Trading activities			2
Student Staff			25
International	Student Staff		8
		38

			Unrestricted	Restricte	Designated	Total	Total
			Funds	d	Funds	2020	2019
				Funds
				6
INCOME
Donations and legacies			1,059,128			1,059,128	1,008,244
Other trading activities,		3	210,500			210,500	296,912
Income from investments		4	782			782	585
Income from charitable	activities	5	115,361			115,361	35,81'3
Other Income			60,873			60,873
Total income			1,446,644			1,446,644	1,341,554
EXPENDITURE
Raising funds			556,290			556,635	480,488
Charitable activities		8
Be Involved			45,714			45,714	101,837
	BeHeard		378,477	8,000		386,477	316,430
BeSupported			108,777			108,777	114,649
Marketing and communication			257,141			257,141	205,203
Total charitable expenditure			790,109	8,000		798,109 .	738,119
Total resources expended			1,346,399	8,345		1,354,744	1,218,607
Net incomei(expenditure)			100,245	(8,345)		91,900	122,947
			(1,566)		1,566
Transfer between funds
		18
Actuarial loss on defined			(251,229)			(251,229)
benefits
Pension scheme
Net movement in funds			(152,550)	(8,345)	1,568	(159,331)	122,947
RECONCILATION OF	FUNDS
Total funds Bought Forward			(80,028)	..25,746	30,574	(23,708)	(146,655)
Total funds carried forward			(232,578)	17,401	32,140	(183,037)	(23,708)
NOTES TO THEACCOUNTS (continued)

14Tangible Fixed Assets	14Tangible Fixed Assets	Fixture,
		Fittings &
		Equipment
Cost
At fa August 2020		117,474
Additions		29,368
Disposals At31"July 2021		146,840
Depreciation
As at1"August 2020		'71,332
Charge for the year		24,088
Disposals
At 31a July 2021		95,420
Net Book'Value
At 1"August 2020		46,142.
At 31"July 2021		51,420
15Debtors		2021 6	.2020f
Trade Debtors		30,761	102,687
Other debtors			'11,403
Prepayments &accrued	income	5,493	1,542
Vat refund		9,291
		45,545	115,632
16Creditors: amounts	falling due within one year
		2021	2020
		6	6
Trade creditors		21,132	15,094
Taxes and social security costs		21,297	26,026
Other creditors		5,789	4,798
Amounts held for Clubs	&Societies	30,558	32,520
Defined pension		34,155	28,422
Accruals		25,748	23,931
		138,679	130,791

		Balances 1st	Incoming	Resources	Transfers	Balances at 31st
		August 2020 f	Resources 8	Expended 8	8	July 2021
General	Fund	378,248	1,192,158	(1,181,198)	(41,683)	347,525
		378,248	1,192,158	(1,181,198)	(41,683)	347,525

fdonations and grants held	on trust for spec	ific purposes:
	Balances	Incoming	Resources	Transfers	Balances at
	1stAugust	Resources	Expended		31stJuly
	2020				2021
	8			8	5
Green Hub	601				601
UOB Grants for Learning
rep	2,800				2,800
UOB Grant for Digital Rep
system	14,000		8,000		6,000
	17,401		8,000		9,401

			Balances Incoming 1"August Resources	Balances Incoming 1"August Resources	Balances Incoming 1"August Resources	Resources ExPended	Resources ExPended	Transfers	Balances at 31"July
				2020					2021
Future years depreciation				32,140				29,367	61,507
charge
Current years						(16,088)			(16,088)
Depreciation charge
Total Depreciation	fund			32,140		(16,088)		29,367	45,419
Pension Deficit			(610,826)					28,404	(582,422)
Total Designated	Funds			578,686		16,088		57,771	537,003
0Analysis ofnet	assets between			funds
Fund balances at31staJuly			2021	Unrestricted	Restdicted		Designated		Total
are represented	by:			Funds 5		Funds		Funds	6
						6		6
Tangible Assets				45,420		6,000			51,420
Current Assets				403,941		6,089		45,419	455,449
Creditors: amounts		falling	due	(135,991)		(2,688)			(138,679)
within one year
Creditors: amounts		falling	due	(548,267)					(548,267)
within over one year
				(234,897)		9,401		45,419	(180,077)

							Year Ending	Year Ending
							July 2021	July 2020
							6	5
Cash flows from operating		activities:
Net cash	provided by operating activities						70,842	19,462
cash flows from investing		activities:					46	782
Purchase	oftangible assets						(29,368)	19,668
Net cash	used in investing		activities				(29,322)	(18,886)
Change	in cash and cash equivalents				in the reporting		41,520	576
period
Cash and	cash equivalents		lrarisferred	in on 1 August		2020	368,384	367,808
Cash and	cash equivalents		at the end	ofthe reporting		period	409,904	368,384

Reconciliation ofn	et (	expenditure)/income	to net cash flow	from operating activiti	es
				Year Ending	Year Ending
				July	July
				2021	2020
				5	5
Net income/(expenditure)		for the reporting	period	2,960	91,900
Depreciation				24,088	26,445
(Increase)/decrease	in	stocks			12,508
(Increase)/decrease	in	debtors		70,088	(84,323)
Increase/(decrease)	in	creditors and provisions		(26,248)	(26,285)
Cashflow from investing		activities		46	82
Net cash provided	by	(used in) operating	activities	70,842	19,462
Analysis ofcash and cash equivalents
				Year Ending	Year
				July 2021	Ending
				5	July 2020
					5
Cash in hand				409,904	368,384