2021-06-30-accounts

		Page
Legal and administrative	information
Board ofTrustees's report
Independent Auditors'	Report
Statement Of Financial	Activities
Balance Sheet		12
Cash Flow Statement		13
Notes tothe financial statements		14

			Unrestricted		Restricted	Total	Total
			Funds		Funds	Funds	Funds
		Note	2021f		2021f	2021f	2020
INCOME AND ENDOWMENTS	FROM:
Donations and legacies		2	1,168,592			1,168,592	932,673
Charitable activities		5	13,707		4,760	18,467	115,027
Other trading activities		3	38,563			38,563	40,785
Investments		4	14			14	106
TOTAL			1,220,876		4,760	1,225,636	1,088,594
EXPENDITURE ON:
Charitable activities			1,960,799		8,138	1,968,937	1,019,355
TOTAL EXPENDITURE Net (expenditure)/income		6	1,960,799 ~730,023	8,138 ~3,370		1,968,937 ~743,301	1,019,355 00,239
NET MOVEMENT IN FUNDS			(739,923)		(3,378)	(743,301)	59,239
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 1 JULY 2020			(1,459,352)		39,138	(1,430,224)	(1,499,453)
TOTAL FUNDS AT 30JUNE 2021			~02,200,285	0	35700	~02173020	,~0,7430224

		Notes
			2021		2020
			6		6
FIXEDASSETS
Tangible assets		10	1,817		10,858
CURRENT ASSETS
Stocks			8,003		12,319
Debtors			54,181		43,140
Cash at bank and in hand			178,733		92, 1'i6
			240,917		147,575
CREDITORS: amounts	falling due
within one year		12	(26,698)		(57,330)
NET CURRENT ASSETS			214,219		90,245
TOTAL ASSETSLESS	CURRENT
LIABILITIES			216,036		101,103
CREDITORS: amounts	falling due
after one year		13	(2,389,561)		(1,531,327)
TOTAL NET LIABILITIES			6 2,173,525		1,430,224
FUNDS
Unrestricted funds:
General fund		15	2,209,285		1,469,362
			(2,209,285)		(1,469,362)
Restricted funds		15	35,760		39,138
			~2222, 22223,552255,	,	~tt,435, 224

					2021		2020
Cash flows from operating activities
(Deficit)/surplus for the financial year					P43,301)		69,239
Adjustments for:
Depreciation					9,761		4,176
Decrease/((increase))	in stocks				4,316		(3,147)
(Increase)/decrease in debtors Increase/((decrease)) in creditors Investment income				(11,041) 827,602 ~44		22,124 (58,435) ~166
					87,323		33,851
Cash flows from investing activities
Purchase of intangible	fixed assets				(720)
Return on investment	- interest receivable				14		106
					(706)		106
Net increase in cash and	cash equivalents				86,617		33,957
Cash and cash equivalents	at 1 July 2020				92,116		58,159
Cash and cash equivalents at 30June 2021				6	178,733	6	92.116
Components ofcash and cash equivalents
			At 1July				At 30June
			2020		Cashflowe		2021
Cash at bank and in hand		f	92,116	f	8$,$17	6	178733

DONATI	ONS	AND LE	GA	CIES
					Unrestricted			Restricted	Total		Total
						Funds		Funds	Funds		Funds
						2021f		2021f	2021 6		2020
University	Block Grant					1,116,342			1,116,342		889,131
Grant oi	serviced accommodation					52,250			52,250		43,542
					K	1 168,592	5	Nil f	1,168,592	f	932,573
Comparative		donations		and legacies
					Unrestricted			Restricted			Total
						Funds		Funds			Funds
						2020f		2020			2020f
University	Block Gmnt					889,131					889,131
Grant of	serviced accommodation					43,542					43,542
					f	932,573	f	Nil		f	932,873
INCOME	FROM OTHER TRADING ACTIVITIES
					Unrestricted			Restricted	Total		Total
						Funds		Funds	Funds		Funds
						2021f		2021f	2021f		2020f
Marketing	and	sponsorship				12,266			12,266		25,518
Other income		from activities				26,297			26,297		15,270
					6	38,563	f	Nil f	38,563	f	40,788
Comparativeincome			from other trading		activities
					Unrestricted			Restricted			Total
						Funds		Funds			Funds
						2020f		2020f			2020
Marketing	and	sponsorship				25,518					25,518
Otherincome		from activities				15,270					15,270
					f	40,788	f	Nil		f	40,788

4.	INVESTMENT INCONIE	INVESTMENT INCONIE
			Unrestricted		Restricted			Total		Total
				Funds		Funds		Funds		Funds
				2021 6		2021 6		2021		2020f
	Interest receivable	from:
	Bank interest			14				14		106
			8	14	L	Sg	L	14	E	t06
	Comparativeinvestmentincome
			Unrestricted			Restricted				Total
				Funds		Funds				Funds
				2020		2020				2020
						E
	Interest receivable	fmm:
	Bank interest			106						106
				106	6	Nil				106
5.	INCOME FROM CHARITABLE		ACTIVITIES
			Unrestricted			Restricted		Total		Total
				Funds		Funds		Funds		Funds
				2021		2021		2021		2020
				6		8		6		6
	Clubs and Societies					4,760		4,760		92,306
	NUS Extra & Merchandising			13,707				13,707		22,721
			6	13,707	6	4,760	6	18,467	k	115,027
6.	RESOURCES EXPENDED
					Other direct			Support		Total
			Staff Costs			costs		costs		2021
						6		6		6
	Cost ofcharitable	activities
	Student Representation			687,607		9,057		105,328		801,992
	Advice &Welfare			412,498		78		63,185		475,761
	Communication	& Market		137,555		1,744		21,070		160,369
	NUS Extra & Merchandisi			51,521		20,375		7,891		79.787
	Student Activities			206,249		9,124		31,592		246,965
	Student Media			171,902		5,829		26,332		204,063
			6	1,667,332	6	46,207	6	255,398	6	1,968,937

6.	RESOURCES EXPENDED (continued)	RESOURCES EXPENDED (continued)	RESOURCES EXPENDED (continued)	RESOURCES EXPENDED (continued)
	Comparative resources expended
						Other direct			Support		Total
				Stat Costsf			costs 8		costs		2020 6
	Cost ofcharitable
	activities
	Student Repn.sentation				153,416		55,522		31,001		239,939
	Advice & Welfare				187,541		47,920		18,601		254,062
	Communication &Market				158,080		21,682		6,200		185,962
	NVS Extra &Merchsndls,				19,414		36,164		2,325		57,903
	Student Activities				161,939		54,824		9,300		226,063
	Student Media				37,184		'l0,492		7,750		55,426
				8	717,574	8	226,604	8	75,177	6	1,019,355
	Resources expended	include:
									2021		2020
	Auditors' remuneration:
	Audit fee								6,800		6,750
	Depreciation		-	on owned assets					9,761		608
	Details ofstaff costs sre given			in Note 8.
	Details ofSupport costs is		given in Note 7.
7.	SUPPORT COSTS
									Total		Total
									2021		2020
									8
	Staffing related costs								52,765		37,827
	Premises and office costs								151,022		139,620
	Governance costs								630		1,639
	Miscellaneous								22,085		3,737
	Legal and professional								17,115		7,943
	Depreciation								5,780		4,176
	Auditors' audit fee								6,000		6,750
								f	255,397	8	201,692

8.	STAFF NUMBERS AND COSTS	STAFF NUMBERS AND COSTS	STAFF NUMBERS AND COSTS	STAFF NUMBERS AND COSTS
								2021f	2020
	Wages and salaries	(Full Time)						621,033	557,799
	Wages and salaries	(Part Time)						57,852	75,968
	Social security costs							61,362	53,901
	Pension costs - current		services casts					14,711	29,906
								754,958	717,574
	Pension costs - past	services		deficit			f	912,373 1,667,332 f	717,574
								2021	2020
	The average weekly	number ofemployees,			head-count,	during the
	period was:							Number	Number
	Staff							38.0	60.0
								30.0	60.0
								2021f	2020f
	The cost af key management			was as follows:
	Sabbatical Officers							111,247	108,934
	Senior management							240,563	260,418
							f	351,810 f	359,352
	Number ofSabbatical		Officers

10.	TANGIBLE FIXEDASSE	TS
					Fixture and
					fittings
					6
	Cost
	At 1 July 2020				54,133
	Additions				720
	At 30June 2021
	Depreciation
	At 1 July 2020				43,275
	Charge for the year				9,761
	At 30June 2021				53,036
	Net book value
	At 30June 2021			6	1,817
	At 30June 2020				10,858
11.	DEBTORS
			202'I		2020
	Due within one year		6
	Trade debtors		6,536		11,678
	Due from group undertakings		28,027		20,350
	Prepayments		12,918		11,028
	Other debtors		6,700		74
		8	54,181		43,140
12.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2021 6		2020f
	Trade creditors		2,517		8,779
	Deferred income		2,767		13,652
	Other creditors		2,912		341
	VAT creditors		195		8,269
	Pension costs - Past Service Deficit
	Accruals		18,307		26,289
		6	26,698	f	57,330
13.	CREDITORS: AMOUNTS	FALLING DUE AFTER ONE YEAR
			2021		2020
			6
	Pension costs - Past Service Deficit		2,389,561		1,531,327
		6	2,389,561		1,531,327

14.	DEFINED BENEFIT PENSION SCHEME —BUSS
		2021f		2020
	Pension costs - Past Service Deficit
	Brought forward	1,531,327		1,572,595
	Payments made	(54,139)		(87,413)
	Unwinding of interest for the year	60,820		46,145
	Adjustment to provisions	851,553 f 2,389,561	f	1,531,327
	Analysis:
	Due within one year
	Falling due affer more than one year	2,389,561 f 2,389,561	f	1,531,327 1,531,327

ANALYSIS O	F NETASSETS BETW	EEN FUN	DS	DS
			Unrestricted		Funds
		Designated			General		Restncted	Total
			Funds		Funds		Funds	Funds
			6				6	6
Tangible fixed	assets				1,817			1,817
Net current assets					178,459		35,760	214,219
Creditors due	in more than one year			(2,389,561)				(2,389,561)
		0	8II	~02,200,285		0	35,III0	~52123025
Comparative	analysis ofnet assets	behveen	funds
			Unrestricted		Funds
		Designated			General		Restricted	Total
			Funds 5		Funds 5		Funds	Fundsf
Tangible fixed	assets				10,858			10,858
Net current assets					51,107		39,138	90,245
Creditors due	in more than one year	8	NII	(1,531,327) ~3f.4II0.302		I30.I38		(1,531,327) '~5f 430,224

17 COMPARATIVE STATEMENT OF FINANCIAL	17 COMPARATIVE STATEMENT OF FINANCIAL	ACTIVITIES
		Unrestricted		Restricted	Total
		Funds		Funds	Funds
		2020f		2020f	2020
INCOME AND ENDOWMENTS	FROM:
Donations and legacies		932,673			932,673
Charitable activities		82,948		32,081	115,029
Other trading activities		40,788			40,788
Investments		106			106
TOTAL		1,056,515		32,08'I	1,088,596
EXPENDITURE ON:
Charitable activities		996,689		22,666	'l,019,355
Net income		59,826		9,415	69,241
NET MOVEMENT IN FUNDS		59,826		9,415	69,241
TOTAL FUNDS AT 30JUNE 2019		(1,529,187)		29,724	(1,499,463)
TOTAL FUNDS AT 30JUNE 2020		~Et46936t	8	39t39	~ft.~30222