| Pages | |
|---|---|
| Trustees' annual report | **1to7 ** |
| Independent auditor's report to the members | 8to11 |
| Consolidated statementoffinancial activities | 12 |
| Statementoffinancial position | 13 |
| Statementofcash flows | 14 |
| Notes to the financial statements | 15to29 |
| Registered company number | 12592489 (England and Wales) |
|---|---|
| Registered charity number | 1189548 |
| Principal address | Talbot Campus, Fem Barrow, Poole, DorsetBHl258B |
| External | |||
|---|---|---|---|
| Catriona Cannon | Tenure commenced 07.05.20 | ||
| Jennifer Leach | Tenure commenced 07.05.20 | Concluded31.01.21 | |
| Martin James | Tenure commenced 07.05.20 | ||
| Olu Baptist | Tenure commenced 07.05.20 | ||
| Seun Omoha | Tenure commenced10.09.20 | ||
| Sabbatical | |||
| Ann-Marie Kankam | Tenure commenced 07 .05 .20 | Concluded31.07.21 | |
| Nana Umoh | Tenure commenced 07.05.20 | Concluded 31.07.2 I | |
| Omuwa Ayomoto | Tenure commenced 06.07.21 | ||
| Naomie Lebe | Tenure commenced 07.05.20 | ||
| Chiko Angel Bwalya | Tenure commenced 07.05.20 | ||
| Deborah Toluwa Atilade | Tenure commenced 07.05.20 | ||
| Ugochukwu George Andy-Eke | Tenure commenced 07.05.20 | Concluded 30.06.2 I | |
| Student | |||
| Mark Stephenson | Tenure commenced 07.05.20 | Concluded 30.04.21 | |
| Louise Facer | Tenure commenced 07.05.20 | Concluded 31.07.21 | |
| Grace Forester | Tenure commenced 24.1 1.21 | ||
| Keely Khan | Tenure commenced 24.11.21 | ||
| Senior Management | |||
| Samantha Leahy-Harland | ChiefExecutive Officer | Appointment date | 09.09.19 |
| Auditor | TC Group | ||
| IOBridge Street | |||
| Christchurch | |||
| Dorset | |||
| BH23 IEF |
| Depa rtment | Successes- 2020/21 |
|---|---|
| Democracy and Campaigns |
- Launched a new democratic structure, which saw over 254 individual students attend across four SUBU Summits, including 243 Student Reps with a combined representative voiceof4,860. This new structure also saw a 275% increased engagement from the previously underrepresented FacultyofHealth and Social Sciences within SUBU's democratic meeting structure. - SUBU's Full-Time Officer elections took place with 8.99%ofSUBUmembers, or 7.12% ofthe overall student population voting in the election. There was a totalof27candidates contesting the four roles, up from 20inthe previous academic year. - SUBU celebrated and ran programmesofevents alongside the Liberation Officers for Black History Month, Disability History Month, LGBT+ History Month, International Women'sDay,Ramadan, andEid. |
| Deoartment | Successes- 2020/21 |
|---|---|
| Student Opportunities |
- During this periodoftime, the Student Opportunities team increased the virtual volunteering opportunities available to stude11tsduring the pandemic and took on board 34 new charity providersinwhich 256 students registered to volunteer with. - There were1,541students who were membersofa totalof71SUB U clubs and societies during this periodoftime, benefitting from being partofa network and a community to support each other. The category with the most active members was Academic societies with 552 individual student members. - From September 2020, SUBU were able to recruit 4 Community Wardens patrolled the streets closest to the Talbot campus, for approximately 8 weeks, however, by the endof Term I, there was another national lockdown due to the pandemic, and warden patrols ceased. Between January and April 2021 , there were limited Warden activities, with only 2ofthe 4 Wardens engaginginthe role however 2 wardens, were able to assist BU with welcomingInternationalstudents. |
| Student Voice and Insight |
- A totalof543Student Reps were elected and trained, and collected 6,585 comments from studentsintheir cohorts via the online Student Rep feedback tool SimOn. - Speak WeekinMarch gathered over 6,800 comments from students - SUBU's annual survey, How's SUBU for You, gathered feedback from 443 students to help gauge the impactofSUBU'soffer to studentsinline with our developing strategic aims |
| Student Advice | - A Lansdowne-specific induction video was produced by the team and used by BU for all new students based at that campus,inorder to tailor SUBU information to the specific student groups - The team worked hard to establish a space for SUBU and SUBU AdviceinBournemouth University's new flagship Bournemouth Gateway building at the Lansdowne campus,in order to best engage studentsinthe location most accessible to them - 400 students were supported through their mandatory final year inter-professional academic unit, by delivering training and providing ongoing support for group work - Provided a placement opportunity to six MSc Nutrition students, who created a totalof five, varied 7-day menu plans, designed for a budgetof£20. These were created into a resource for all students. - Fielded over I, I 00 case enquiries, supporting students with academic, housing, finance and other issues |
| Full-Time Officer Team |
- Created a 'Student Action' webpage resource for students, showing the wider actions students can take themselves to represent student experience issues, beyond what individual students' unions or institutions can implement themselves - Worked with BU Wellbeing staff and mental health charities to explore potential projects to support students, leading to the developmentofa pilot programme to enhance student wellbeing - Worked withBU'sLibrary and Leaming Service to help students obtain earlier access to reading lists for their course - Launched a new grant for clubs and societies members, to help remove financial barriers to engagement and improve accessibilityfor all students |
| 2021 | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 3 | 2,013,848 | 2,013,848 | |
| Charitable activities | 4 | 135,351 | 135,351 | |
| Other trading activities | 5 | 207,058 | 129,979 | 337,037 |
| Investment income | 6 | 1,989 | 1,989 | |
| Total income | 2,358,246 | 129,979 | 2,488,225 | |
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Expenditureoftrading subsidiary | 7 | 338,291 | 129,979 | 468,270 |
| Expenditure on charitable activities | 8,9 | 1,936,179 | 1,936,179 | |
| Total expenditure | 2,274,470 | 129,979 | 2,404,449 | |
| Transfer from unincorporated entity | 25 | (625,808) | (625,808) | |
| Net income and net movement in funds | (542,032) | (542,032) | ||
| Reconciliationoffunds | ||||
| Total funds brought forward | ||||
| Total funds carried forward | (542,032) | (542,032) |
| Fixed assets Intangible assets Tangible assets Investments Current assets Stocks Debtors Cash at bank andinhand Creditors: Amounts falling due within one year Creditors: Amounts falling due over one year Net current assets Total assets less current liabilities Net assets excluding pension liability Defined benefit pension liability Net assets Funds Restricted Pension reserve Unrestricted Total charity funds 14 15 16 17 18 19 20 21 21 21 21 Group 2021 £ 35,251 35,251 80,517 118,671 642,365 841,553 (267,585) (42,013) 573,968 609,219 567,206 (1,109,238) (542,032) (1,109,238) (1,109,238) 567,206 (542,032) |
Charity 2021 £ 35,251 1 35,252 46,123 258,871 375,116 680,110 (161,343) 518,767 554,019 554,019 (1,109,238) (555,219) (1,109,238) (1,109,238) 554,019 (555,219) |
|
|---|---|---|
| Cash flows from operating activities Net income Adjustments f or: Depreciationoftangiblefixed assets Amortisationofgoodwill Other interest receivable and similar income Gain on disposaloffixed asset Changesin: Stocks Trade and other debtors Trade and other creditors Cash generated from operations Interest received Net cash from operating activities Cash flows from investing activities Purchaseoftangible assets Proceeds from saleoftangible assets Net assets acquired with subsidiary Cash acquired with subsidiary Defined benefit pension liability inherited from unincorporated charity Net cash from investing activities Cash flows from financing activities Bank loan Net cash from investing activities Net increaseincash and cash equivalents Cash and cash equivalents at beginningofperiod Cash and cash equivalents at endofperiod |
2021 £ (542,033) 43,428 (14,998) (1,989) (1,950) (80,517) (118,671) 259,596 (457,134) 1,989 (455,145) (3,628) 1,950 (165,062) 105,012 1,109,238 1,047,510 50,000 50,000 642,365 642,365 |
|---|---|
| Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donated rent and overheads | 737,719 | 737,719 | ||
| Grants | ||||
| Bournemouth University (block grant) | 981,750 | 981,750 | ||
| Other grants (BCP) | 20,208 | 20,208 | ||
| Other grants (Coronavirus Job Retention Scheme) | 274,171 | 274,171 | ||
| 2,013,848 | 2,013,848 |
| Charitable activities | |||
|---|---|---|---|
| Un restricted Funds £ Bar and shop income 54,437 Marketing income 26,998 Sundry income 50,681 secincome 3,235 135,351 Other trading activities Unrestricted Funds £ Income from trading subsidiary: Trading activities 168,022 Grants 39,036 207,058 Investment income Unrestricted Funds £ Bank interest receivable 1,989 |
Restricted Funds £ Restricted Funds £ 129,979 129,979 |
Total Funds 2021 £ 54,437 26,998 50,681 3,235 135,351 |
|
| 135,351 | |||
| Total Funds 2021 £ 168,022 169,015 337,037 |
|||
| Restricted Funds £ |
Total Funds 2021 £ 1,989 |
| Expenditureoftradingcompany | |||
|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Bar operating costs | 187,351 | 57,979 | 245,330 |
| Donated rent and overheads | 150,940 | 150,940 | |
| Rebuilding reserves | 72,000 | 72,000 | |
| 338,291 | 129,979 | 468,270 |
| Unrestricted | Restricted | TotalFunds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Union | 703,315 | 703,315 | |
| Shop and bar | 171,963 | 171,963 | |
| Marketing | 34,154 | 34,154 | |
| Support costs | 1,026,747 | 1,026,747 | |
| 1,936,179 | 1,936,179 |
| Activities | |||
|---|---|---|---|
| undertaken | Totalfunds | ||
| directly | Supportcosts | 2021 | |
| £ | £ | £ | |
| Union | 703,315 | 371,459 | 1,074,774 |
| Shop and bar | 171,963 | 16,418 | 188,381 |
| Marketing | 34,154 | 34,154 | |
| Donated rent and overheads | 586,779 | 586,779 | |
| Governance costs | 52,091 | 52,091 | |
| 909,432 | 1,026,747 | 1,936,179 |
| Cost type Insurance Office costs Administration salaries Depreciation Repairs and maintenance Rent and overheads Governance Apportionment basis Turnover Cost Time spent Asset split Cost Area Cost |
Student Shop and services £ 33,261 23,144 271,629 2,500 473,738 52,091 856,361 bars £ 16,608 40,928 (191) 113,041 170,386 |
Total Allocated 2021 £ 33,261 23,144 288,237 43,428 (191) 586,779 52,091 1,026,749 |
|---|---|---|
| Governance costs | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Auditor's remuneration - audit fees | 7,580 | 7,580 | |
| Legal fees | 41,990 | 41,990 | |
| Trustee expenses | 2,521 | 2,521 | |
| 52,091 | 52,091 |
| Wages and salaries Social security costs Employer contributions to pension plans |
2021 £ 956,997 89,433 100,690 |
|---|---|
| 1,147,100 |
| 2021 | |
|---|---|
| No. | |
| Numberofpermanent staff | 45 |
| Numberofstudent staff | 27 |
| 72 |
| Group | |
|---|---|
| Goodwill | |
| £ | |
| Cost | |
| At 07 May 2020 | |
| Additions | (14,998) |
| At31July 2021 | (14,998) |
| Depreciation | |
| At 07 May 2020 | |
| Amortisation charge for the period | 14,998 |
| At31July 2021 | 14,998 |
| Net book value | |
| At31July2021 | |
| At 07 May 2020 |
| Group Fixtures, fittings and Motor equipment vehicles £ £ Cost At 07 May 2020 Transferofassets 825,077 20,120 Additions 3,628 Disposal (23,663) (20,120) At31July 2021 805,042 Depreciation At 07 May 2020 Transferofassets 750,026 20,211 Charge for the period 43,428 Eliminated on disposal (23,663) (20,211) At31July 2021 769,791 Net book value At31July2021 35,251 At 07 May 2020 |
Total £ 845,197 3,628 (43,783) 805,042 770,237 43,428 (43,874) 769,791 35,251 |
|
|---|---|---|
| 16. Fixtures, fittings and Motor equipment vehicles £ £ Cost At 07 May 2020 Transferofassets 772,680 20,120 Additions 3,628 Disposals (23,663) (20,120) At31July 2021 752,645 Depreciation At 07 May 2020 Transferofassets 697,629 20,211 Charge for the year 43,428 Eliminated on disposal (23,663) (20,211) At31July2021 717,394 Net book value At31July 2021 35,251 At 07 May 2020 Investments Group 2021 £ Cost Addition At31July 2021 Net book value At31July 2021 |
|
|---|---|
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Assets | 418,009 | 207,351 |
| Liabilities | (400,316) | (192,352) |
| Share capital | 1 | 1 |
| Retained profits | 17,692 | 14,998 |
| 2021 £ Turnover 337,038 Direct costs and overheads (338,850) Operating charges paid to parent charity Net (Loss)/Profit (1,812) Distribution made to parent charity (Deficit)/Surplus retained (1,812) |
2020 £ 967,361 (891,695) (77,885) (2,219) (2,219) |
|---|---|
| Group | Charity | ||
|---|---|---|---|
| 2021 | 2021 | ||
| £ | £ | ||
| Bar and food stocks | 45,251 | 10,857 | |
| General trading stocks | 35,266 | 35,266 | |
| 80,517 | 46,123 | ||
| 18. | Debtors | ||
| Group | Charity | ||
| 2021 | 2021 | ||
| £ | £ | ||
| Trade debtors | 26,823 | 10,251 | |
| Amounts owed by group undertakings | 228,066 | ||
| Prepayments and accrued income | 59,294 | ||
| Other debtors | 32,554 | 20,554 | |
| 118,671 | 258,871 |
| Group | Charity | |
|---|---|---|
| 2021 | 2021 | |
| £ | £ | |
| Trade creditors | 95,912 | 34,856 |
| Taxation and social security | 35,151 | 19,723 |
| Other creditors and accruals | 40,688 | 18,917 |
| Funds held for third parties | 87,847 | 87,847 |
| Bank loans | 7,987 | |
| 267,585 | 161,343 |
| Group | Charity |
|---|---|
| 2021 | 2021 |
| £ | £ |
| 42,013 | |
| 42,013 |
| General funds Pension Restricted funds Arts Council Cultural Recovery Grant |
Acquired 28 At August 2020 Income Expenditure 31July 2021 £ £ £ £ 584,428 2,488,225 (2,505,447) 567,206 {1,210,236) 100,998 (1,109,238) (625,808) 2,488,225 (2,404,450) (542,032) At 07 May At 2020 Income Expenditure 31July 2021 £ £ £ £ 129,979 (129,979) 129,979 (129,979) |
Acquired 28 At August 2020 Income Expenditure 31July 2021 £ £ £ £ 584,428 2,488,225 (2,505,447) 567,206 {1,210,236) 100,998 (1,109,238) (625,808) 2,488,225 (2,404,450) (542,032) At 07 May At 2020 Income Expenditure 31July 2021 £ £ £ £ 129,979 (129,979) 129,979 (129,979) |
|---|---|---|
| At 07 May 2020 £ |
Income Expenditure 31 £ £ 129,979 (129,979) 129,979 (129,979) |
| Staffing costs | 40,979 |
|---|---|
| Rebuilding reserves | 72,000 |
| Covid-19 compliant equipment purchase | 10,900 |
| Maintenance cost | 2,100 |
| Access cost | 4,000 |
| Tangible | Other | ||
|---|---|---|---|
| fixed assets | net assets | Total | |
| £ | £ | £ | |
| Restricted funds | |||
| General fund | 35,251 | 531,955 | 567,206 |
| Pension fund | (1,109,238) | (1,109,238) | |
| 35,251 | (577,283) | (542,032) |
| £ | ||
|---|---|---|
| Total | charity funds as at 3 I July 2020 | (573 ,771) |
| Less | loss recognisedinperiod I August 2020 to28August 2020 | (52,037) |
| Total | net asset deficit transferred as at 28 August 2020 | (625,808) |