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|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|
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||||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|
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|||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, **2**2223,552255,|,|~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|
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|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|
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|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|
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|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|||||||
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|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|
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|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|
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|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|