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||Page|Page|
|---|---|---|
|Reference and administrative details ofthe charity, its Trustees and advisers|||
|Trustees’ report|2-9||
|Independent auditor’s report on the financial statements|10- 12||
|Consolidated statement of financial activities||13|
|Consolidated balance sheet||14|
|Charity balance sheet||15|
|Consolidated statement of cash flows||16|
|Notes to the financial statements|17|- 38|





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ASSOCIATION OF UNIVERSITY ADMINISTRATORS
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JULY 2021
Page 2

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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
||Note|£|£|£|
|Income from:|||||
|Charitable activities|3|762,934|762,934|604,322|
|Investments|4|203|203|1,496|
|Total income||763,137|763,137|605,818|
|Expenditure on:|||||
|Raising funds||6,750|6,750|-|
|Charitable activities|5|602,592|602,592|861,991|
|Total expenditure||609,342|609,342|861,991|
|Net income/(expenditure) before taxation||153,795|153,795|(256,173)|
|Taxation|10|(29,727)|(29,727)|3,620|
|Net movement in funds||124,068|124,068|(252,553)|
|Reconciliation of funds:|||||
|Total funds brought forward||354,205|354,205|606,758|
|Net movement in funds||124,068|124,068|(252,553)|
|Total funds carried forward||478,273|478,273|354,205|





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|||||||2021|||2020|
|---|---|---|---|---|---|---|---|---|---|
||||Note|||£|||£|
|Fixed assets||||||||||
|Intangible assets|||11|||26,617|||14,588|
|Tangible assets|||12|||846|||-|
|||||||27,463|||14,588|
|Current assets||||||||||
|Debtors|||14||148,886||294,663|||
|Cash at bank and|in hand||||579,474||588,659|||
||||||728,360||883,322|||
|Creditors: amounts falling due wfthin one||||||||||
|year|||15||(277,550)||(543,705)|||
|Net current assets||||||450,810|||339,617|
|Total assets less|current liabilities|||||478,273|||354,205|
|Net assets excluding pension asset||||||478,273|||354,205|
|Total net assets||||||478,273|||354,205|
|Charity funds||||||||||
|Restricted funds|||18|||-|||-|
|Unrestricted funds|||18|||478,273|||354,205|
|Total funds||||||478,273|||354205|
|The<br>financial|statements|were|approved|and|authorised|for<br>issue|by|the|Trustees<br>on|
|29 March 2022 and signed on their behalf by:||||||||||





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||||||||2021|||2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||Note||||£|||£|
|Fixed assets|||||||||||
|Intangible assets|||11|||22,365||||6,363|
|Tangible assets|||12||||846|||-|
|Investments|||13||||100|||100|
|||||||23,311||||6,463|
|Current assets|||||||||||
|Debtors|||14||123,932|||122,152|||
|Cash at bank and|in hand||||569,736|||583,566|||
||||||693,668|||705,718|||
|Creditors: amounts falling due within one|||||||||||
|year|||15||(196,658)|||(282,343)|||
|Net current assets||||||497,010||||423,375|
|Total assets less|current liabilities|||||520,321||||429,838|
|Net assets excluding pension asset||||||520,321||||429,838|
|Total net assets||||||520,321||||429,838|
|Charity funds|||||||||||
|Restricted funds|||18||||-|||-|
|Unrestricted funds|||18|||520,321||||429,838|
|Total funds||||||520,321||||429,838|
|The<br>financial|statements|were|approved|and|authorised|for|issue|by|the|Trustees<br>on|
|29 March 2022 and signed on their behalf by:|||||||||||



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|||2021|2020|
|---|---|---|---|
||Note|£|£|
|Cash flows from operating activities||||
|Net cash used in operating activities|20|17,600|(116.873)|
|Cash flows from investing activities||||
|Dividends, interests and rents from investments||203|1,496|
|Purchase of ntangible assets||(26,142)|(7.008)|
|Purchase of tangible fixed assets||(846)|-|
|Net cash used in investing activities||(26,785)|(5,512)|
|Cash flows from financing activities||||
|Net cash provided by financing activities||-|-|
|Change in cash and cash equivalents in the year||(9,185)|(122,385)|
|Cash and cash equivalents at the beginning of the year||588,659|711,044|
|Cash and cash equivalents at the end of the year|21|579,474|588,659|
|The notes on pages 17 to 38 form part of these financial statements||||





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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2021|2021|
||£|£|
|Membership|222782|222,782|
|Conference, exhibitions and events|162,318|162,318|
|Postgraduate certificate programme|125,984|125,984|
|Services to other charities|55,764|55,764|
|Other|5,223|5,223|
|Professional development programme|190,863|190,863|
||762934|762,934|
||Unrestricted|Total|
||funds|funds|
||2020|2020|
||£|£|
|Membership|254884|254884|
|Conference, exhibitions and events|77,440|77,440|
|Postgraduate certificate programme|136,180|136,180|
|Services to other charities|60,500|80500|
|Other|17,371|17,371|
|Professional development programme|57,947|57,947|
||604,322|604,322|





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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||£|£|
|Investment|neome|203|203|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|||£|£|
|Investment|income|1496|1496|





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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2021|2021|
||£|£|
|Membership|250504|250,504|
|Conference, exhibitions and events|115.037|115,037|
|Postgraduate certificate programme|98,487|98,487|
|Services to other charities|30680|30,680|
|Professional development programme|105,010|105,010|
|Other|2,874|2,874|
||602,592|602,592|



||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2020|2020|
||£|£|
|Membership|391348|391,348|
|Conference, exhibitions and events|130,069|130069|
|Postgraduate certificate programme|191,880|191.880|
|Services to other charities|66,236|66,236|
|Professional development programme|63,441|63,441|
|Other|19,017|19,017|
||861,991|861,991|





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||Activities|||
|---|---|---|---|
||undertaken|Support|Total|
||directly|costs|funds|
||2021|2021|2021|
||£|£|£|
|Membership|127,933|122,571|250,504|
|Conference, exhibitions and events|25,732|89,305|115,037|
|Postgraduate certificate programme|29,173|69314|98,487|
|Services to other charities|-|30,680|30,680|
|Professional development programme|-|105.010|105,010|
|Other|-|2,874|2,874|
||182,838|419,754|602,592|



||Activities|||
|---|---|---|---|
||undertaken|Support|Total|
||directly|costs|funds|
||2020|2020|2020|
||£|£|£|
|Membership|112,299|279,049|391,348|
|Conference, exhibitions and events|45,287|84,782|130,069|
|Postgraduate certificate programme|42,789|149,091|191.880|
|Services to other charities|-|66,236|66,236|
|Professional development programme|-|63,441|63,441|
|Other|-|19,017|19,017|
||200,375|661,616|861,991|





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||2021|2020|
|---|---|---|
||£|£|
|Fees payable to the charity’s auditor for the audit of the charity’s annual|||
|accounts|4,120|6800|
|Fees payable to the charity’s auditor in respect of:|||
|Accountancy services|2,050|2,865|



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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||£|£|£|£|
|Wages|and|salaries|323,894|444.701|194,059|227,523|
||||323,894|444,701|194,059|227,523|



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|2021|2020|
|---|---|
|£|£|



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|Total current tax|||
|---|---|---|
|||-|
|Deferred tax|||
|Origination and reversal of timing differences|29,727|(549)|
|Changes to tax rates|-|(3,071)|
|Total deferred tax|29,727|(2,620)|
|Taxation on net income/(expenditure)|29,727|(3,620)|



||2021|2020|
|---|---|---|
||£|£|
|Net incomel(expenditure) before tax|153,795|(256.173)|
|Net income/(expenditure) multiplied by the standard rate of corporation tax|||
|in the UK of 19 (2020 19%).|29,221|(48.673)|
|Effects of:|||
|Charitable income|(7,192)|10,254|
|Unrelieved tax losses carried forward|7,698|37,870|
|Changes to tax rates|-|(3,071)|
|Total tax charge for the year|29,727|(3,620)|





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||Software|
|---|---|
||£|
|Cost||
|Ati August2020|149,711|
|Additions|26142|
|At 31 July 2021|175,853|
|Amortisation||
|All August2020|135123|
|Charge for the year|14,113|
|At 31 July 2021|149,236|
|Net book value||
|At 31 July 2021|26,617|
|At31 July2020|14,588|





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|11.|Intangible assets (continued)||
|---|---|---|
||Charity||
|||Develop-|
|||ment|
|||£|
||Cost||
||All August 2020|19,008|
||Additions|22,080|
||At31 July2021|41,088|
||Amortisation||
||At 1 August 2020|12,645|
||Charge for the year|6,078|
||At 31 July 2021|18,723|
||Net book value||
||At 31 July 2021|22,365|
||At31 July2020|6363|





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||Office|
|---|---|
||equipment|
||£|
|Cost or valuation||
|At 1 August 2020|6,102|
|Additions|870|
|At 31 July 2021|6,972|
|Depreciation||
|At 1 August2020|6,102|
|Charge for the year|24|
|At 31 July2021|6,126|
|Net book value||
|At 31 July 2021|846|
|.4(31 July2020|-|
|Charity||
||Office|
||equipment|
||£|
|Cost or valuation||
|At 1 August2020|5,158|
|Additions|870|
|At 31 July 2021|6,028|
|Depreciation||
|At 1 August 2020|5,158|
|Charge for the year|24|
|At31 July2021|5,182|





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||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|Charity|£|
|Castor valuation||
|At 1 August 2020|100|
|At31 July2021|100|
|Net book value||
|At31 July2021|100|
|At31 July2020|100|



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|The followi|ng was a subsi|diary undertaking of t|he charity:||
|---|---|---|---|---|
|Name||Company|Registered office|Principal activity|
|||number|||
|AUA Enterprises Limited||08814323|AUA<br>The University of|Activities of|
||||Manchester, Sackville Street|professional|
||||Building, Sackville Street,|membership|
||||Manchester, M60 1 QD|organisations|
|Class of|Holding|Included in|||
|shares||consolidation|||
|Ordinary|100%|Yes|||



|The financial results of the subsidiar|y for the year were:||||
|---|---|---|---|---|
|Name|Income|Expenditure|Profit)(Loss)|Net assets|
||£|£|for the year|£|
||||£||
|AUA Enterprises Limited|620,613|(504,670)|115,943|(176,327)|





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||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|Due within one year|||||
|Trade debtors|123,936|123,785|120,894|119,797|
|Prepayments and accrued income|24,950|141.151|3,038|2,355|
|Deferred taxation|-|29, 727|-|-|
||148,886|294,663|123,932|122,152|



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||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2021|2020|2021|2020|
||£|£|£|£|
|Trade creditors|44,091|83,286|6,836|24,756|
|Other taxation and social security|9,570|7,303|-|-|
|Other creditors|2,914|4,582|1,295|1,755|
|Accruals and deferred income|220,975|448,534|188,527|255,832|
||277,550|543.705|196,658|282,343|





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|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||£|£|£|£|
|Financial|assets|||||
|Financial|assets measured at amortised cost|709,998|712.444|697,091|703363|
|||Group|Group|Charity|Charity|
|||2021|2020|2021|2020|
|||£|£|£|£|
|Financial|liabilities|||||
|Financial|liabilities measured at amortised|||||
|cost||74,450|200.208|39,099|81,478|



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|The deferre|d tax as|set is made up as follows:|||
|---|---|---|---|---|
||||Group|Group|
||||2021|2020|
||||£|£|
|Accelerated|capital|allowances|-|29,727|
|||||29,727|





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||Balance at 1||||Balance at|
|---|---|---|---|---|---|
||August 2020|Income|Expenditure|Taxation|31 July 2021|
||£|£|£|£|£|
|Unrestricted funds||||||
|Designated funds||||||
|Strategic Review of||||||
|Governance|2,400|-|-|..|2,400|
|Staff Marketing Post|17,859|-|-|-|17,859|
|GPD Tool! Mentoring scheme|17,424|-|-|-|17,424|
||37,683|-|-|-|37,683|
|General funds||||||
|General Funds|316,522|763,137|(609,342)|(29,727)|440,590|
|Total Unrestricted funds|354,205|763,137|(609,342)|(29,727)|478,273|





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||Balance|at||||||
|---|---|---|---|---|---|---|---|
||I August|||||Transfers|Balance at|
||2019||Income|Expenditure|Taxation|in/out|31 July 2020|
|||£|£|£|£|£|£|
|Unrestricted||||||||
|funds||||||||
|Designated||||||||
|funds||||||||
|Strategic Review||||||||
|of Governance|-||-|-|-|2400|2,400|
|Staff Marketing||||||||
|Post|-||-|-|-|17,859|17,859|
|CPD Tool!||||||||
|Mentoring||||||||
|scheme|-||-|-|-|17,424|17,424|
||-||-|-|-|37,683|37683|
|General funds||||||||
|General Funds|606,758||605.818|(861,991)|3,620|(37,683)|316,522|
|Total||||||||
|Unrestricted||||||||
|funds|606,758||605,818|(861,991)|3,620|-|354,205|





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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2021|2021|
||£|£|
|Tangible fixed assets|846|846|
|Intangible fixed assets|26617|26,617|
|Current assets|728,360|728,360|
|Creditors due within one year|(277,550)|(277,550)|
|Total|478,273|478,273|



||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2020|2020|
||£|£|
|Intangible fixed assets|14588|14,568|
|Current assets|883,322|883,322|
|Creditors due within one year|(543,705,)|(543.705)|
|Tl|354,205|354,205|





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|||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||£|£|
||Net<br>income/expenditure|for|the|year (as|per Statement|of|Financial|||
||Activities)|||||||124,068|(252.553)|
||Adjustments for:|||||||||
||Amortisation charges|||||||14,113|40358|
||Dividends, interests and rents from|||investments||||(203)|(1,496)|
||Decrease/(increase) in debtors|||||||145,777|(82,021)|
||Increase/(decrease) in creditors|||||||(266,155)|178,839|
||Net cash provided byi(used in) operating activities|||||||17,600|(116873)|
|21.|Analysis of cash and cash equivalents|||||||||
|||||||||Group|Group|
|||||||||2021|2020|
|||||||||£|£|
||Cash in hand|||||||579,474|588,659|
||Total cash and cash equivalents|||||||579,474|588,659|
|22.|Analysis of changes in net debt|||||||||
|||||||At 1 August|||At 31 July|
||||||||2020|Cash flows|2021|
|||||||||£|£|
||||||||£|||
||Cash at bank and in hand||||||588,659|(9,185)|579,474|
||||||||588,659|(9,185)|579,474|





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||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2021|2020|
||||||£|£|£|£|
|Not|later|than|1|year|-|40.950|-|40950|



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