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||**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|**15**to29|





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|**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|||





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|**Depa rtment**|**Successes**- **2020/21**|
|---|---|
|Democracy<br>and Campaigns|-<br>Launched a new democratic structure, which saw over 254 individual students attend<br>across four SUBU Summits, including 243 Student Reps with a combined representative<br>voiceof4,860. This new structure also saw a 275% increased engagement from the<br>previously underrepresented FacultyofHealth and Social Sciences within SUBU's<br>democratic meeting structure.<br>-<br>SUBU's Full-Time Officer elections took place with 8.99%ofSUBUmembers, or 7.12%<br>ofthe overall student population voting in the election. There was a totalof27candidates<br>contesting the four roles, up from 20inthe previous academic year.<br>-<br>SUBU celebrated and ran programmesofevents alongside the Liberation Officers for<br>Black History Month, Disability History Month, LGBT+ History Month, International<br>Women'sDay,Ramadan, andEid.|





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|**Deoartment**|**Successes**- **2020/21**|
|---|---|
|Student<br>Opportunities|-<br>During this periodoftime, the Student Opportunities team increased the virtual<br>volunteering opportunities available to stude11tsduring the pandemic and took on<br>board 34 new charity providersinwhich 256 students registered to volunteer with.<br>-<br>There were1,541students who were membersofa totalof71SUB U clubs and societies<br>during this periodoftime, benefitting from being partofa network and a community to<br>support each other. The category with the most active members was Academic<br>societies with 552 individual student members.<br>-<br>From September 2020, SUBU were able to recruit 4 Community Wardens patrolled the<br>streets closest to the Talbot campus, for approximately 8 weeks, however, by the endof<br>Term I, there was another national lockdown due to the pandemic, and warden patrols<br>ceased. Between January and April 2021 , there were limited Warden activities, with only<br>2ofthe 4 Wardens engaginginthe role however 2 wardens, were able to assist BU with<br>welcomingInternationalstudents.|
|Student Voice<br>and Insight|-<br>A totalof543Student Reps were elected and trained, and collected 6,585 comments from<br>studentsintheir cohorts via the online Student Rep feedback tool SimOn.<br>-<br>Speak WeekinMarch gathered over 6,800 comments from students<br>-<br>SUBU's annual survey, How's SUBU for You, gathered feedback from 443 students to<br>help gauge the impactofSUBU'soffer to studentsinline with our developing strategic<br>aims|
|Student Advice|-<br>A Lansdowne-specific induction video was produced by the team and used by BU for all<br>new students based at that campus,inorder to tailor SUBU information to the specific<br>student groups<br>-<br>The team worked hard to establish a space for SUBU and SUBU AdviceinBournemouth<br>University's new flagship Bournemouth Gateway building at the Lansdowne campus,in<br>order to best engage studentsinthe location most accessible to them<br>-<br>400 students were supported through their mandatory final year inter-professional<br>academic unit, by delivering training and providing ongoing support for group work<br>-<br>Provided a placement opportunity to six MSc Nutrition students, who created a totalof<br>five, varied 7-day menu plans, designed for a budgetof£20. These were created into a<br>resource for all students.<br>-<br>Fielded over I, I 00 case enquiries, supporting students with academic, housing, finance<br>and other issues|
|Full-Time<br>Officer Team|-<br>Created a 'Student Action' webpage resource for students, showing the wider actions<br>students can take themselves to represent student experience issues, beyond what<br>individual students' unions or institutions can implement themselves<br>-<br>Worked with BU Wellbeing staff and mental health charities to explore potential projects<br>to support students, leading to the developmentofa pilot programme to enhance student<br>wellbeing<br>-<br>Worked withBU'sLibrary and Leaming Service to help students obtain earlier access to<br>reading lists for their course<br>-<br>Launched a new grant for clubs and societies members, to help remove financial barriers<br>to engagement and improve accessibilityfor all students|





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|||||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**<br>Intangible assets<br>Tangible assets<br>Investments<br>**Current assets**<br>Stocks<br>Debtors<br>Cash at bank andinhand<br>**Creditors: Amounts falling due within**<br>**one year**<br>**Creditors: Amounts falling due over**<br>**one year**<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Net assets excluding pension liability**<br>**Defined benefit pension liability**<br>**Net assets**<br>**Funds**<br>Restricted<br>Pension reserve<br>Unrestricted<br>**Total charity funds**<br>**14**<br>**15**<br>**16**<br>**17**<br>**18**<br>**19**<br>20<br>**21**<br>**21**<br>**21**<br>**21**<br>**Group**<br>**2021**<br>£<br>**35,251**<br>**35,251**<br>**80,517**<br>**118,671**<br>**642,365**<br>**841,553**<br>**(267,585)**<br>(42,013)<br>**573,968**<br>**609,219**<br>**567,206**<br>**(1,109,238)**<br>**(542,032)**<br>**(1,109,238)**<br>**(1,109,238)**<br>**567,206**<br>**(542,032)**||**Charity**<br>**2021**<br>£<br>**35,251**<br>**1**<br>**35,252**<br>**46,123**<br>**258,871**<br>**375,116**<br>**680,110**<br>**(161,343)**<br>**518,767**<br>**554,019**<br>**554,019**<br>**(1,109,238)**<br>**(555,219)**<br>**(1,109,238)**<br>**(1,109,238)**<br>**554,019**<br>**(555,219)**|
|---|---|---|
||||
||||






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## 

|**Cash flows from operating activities**<br>Net income<br>_Adjustments f or:_<br>Depreciationoftangiblefixed assets<br>Amortisationofgoodwill<br>Other interest receivable and similar income<br>Gain on disposaloffixed asset<br>_Changesin: _<br>Stocks<br>Trade and other debtors<br>Trade and other creditors<br>Cash generated from operations<br>Interest received<br>Net cash from operating activities<br>**Cash flows from investing activities**<br>Purchaseoftangible assets<br>Proceeds from saleoftangible assets<br>Net assets acquired with subsidiary<br>Cash acquired with subsidiary<br>Defined benefit pension liability inherited from unincorporated charity<br>Net cash from investing activities<br>**Cash flows from financing activities**<br>Bank loan<br>Net cash from investing activities<br>**Net increaseincash and cash equivalents**<br>**Cash and cash equivalents at beginningofperiod**<br>**Cash and cash equivalents at endofperiod**|**2021**<br>£<br>**(542,033)**<br>**43,428**<br>**(14,998)**<br>**(1,989)**<br>**(1,950)**<br>**(80,517)**<br>**(118,671)**<br>**259,596**<br>**(457,134)**<br>**1,989**<br>**(455,145)**<br>**(3,628)**<br>**1,950**<br>**(165,062)**<br>**105,012**<br>**1,109,238**<br>**1,047,510**<br>**50,000**<br>**50,000**<br>**642,365**<br>**642,365**|
|---|---|
|||





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|**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**<br>**Funds**<br>£<br>Bar and shop income<br>**54,437**<br>Marketing income<br>**26,998**<br>Sundry income<br>**50,681**<br>secincome<br>**3,235**<br>**135,351**<br>**Other trading activities**<br>**Unrestricted**<br>**Funds**<br>£<br>Income from trading subsidiary:<br>Trading activities<br>**168,022**<br>Grants<br>**39,036**<br>**207,058**<br>**Investment income**<br>**Unrestricted**<br>**Funds**<br>£<br>Bank interest receivable<br>**1,989**|**Restricted**<br>**Funds**<br>£<br>**Restricted**<br>**Funds**<br>£<br>**129,979**<br>**129,979**|**Total Funds**<br>**2021**<br>£<br>**54,437**<br>**26,998**<br>**50,681**<br>**3,235**<br>**135,351**||
||||**135,351**|
|||**Total Funds**<br>**2021**<br>£<br>**168,022**<br>**169,015**<br>**337,037**||
||**Restricted**<br>**Funds**<br>£|**Total Funds**<br>**2021**<br>£<br>**1,989**||



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|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**<br>Insurance<br>Office costs<br>Administration salaries<br>Depreciation<br>Repairs and maintenance<br>Rent and overheads<br>Governance<br>**Apportionment**<br>**basis**<br>Turnover<br>Cost<br>Time spent<br>Asset split<br>Cost<br>Area<br>Cost|**Student Shop and**<br>**services**<br>£<br>**33,261**<br>**23,144**<br>**271,629**<br>**2,500**<br>**473,738**<br>**52,091**<br>**856,361**<br>**bars**<br>£<br>**16,608**<br>**40,928**<br>**(191)**<br>**113,041**<br>**170,386**|**Total**<br>**Allocated**<br>**2021**<br>£<br>**33,261**<br>**23,144**<br>**288,237**<br>**43,428**<br>**(191)**<br>**586,779**<br>**52,091**<br>**1,026,749**|
|---|---|---|



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|**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<br>Social security costs<br>Employer contributions to pension plans|**2021**<br>£<br>**956,997**<br>**89,433**<br>**100,690**|
|---|---|
||**1,147,100**|



## 

||**2021**|
|---|---|
||**No.**|
|Numberofpermanent staff|**45**|
|Numberofstudent staff|**27**|
||72|





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|**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||





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|**Group**<br>**Fixtures,**<br>**fittings and**<br>**Motor**<br>**equipment**<br>**vehicles**<br>£<br>£<br>**Cost**<br>At 07 May 2020<br>Transferofassets<br>**825,077**<br>**20,120**<br>Additions<br>**3,628**<br>Disposal<br>**(23,663)**<br>**(20,120)**<br>**At31July 2021**<br>**805,042**<br>**Depreciation**<br>At 07 May 2020<br>Transferofassets<br>**750,026**<br>**20,211**<br>Charge for the period<br>**43,428**<br>Eliminated on disposal<br>**(23,663)**<br>**(20,211)**<br>**At31July 2021**<br>**769,791**<br>**Net book value**<br>**At31July2021**<br>**35,251**<br>At 07 May 2020||**Total**<br>£<br>**845,197**<br>**3,628**<br>**(43,783)**<br>**805,042**<br>**770,237**<br>**43,428**<br>**(43,874)**<br>**769,791**<br>**35,251**|
|---|---|---|
||||
||||





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|**16.**<br>**Fixtures,**<br>**fittings and**<br>**Motor**<br>**equipment**<br>**vehicles**<br>£<br>£<br>**Cost**<br>At 07 May 2020<br>Transferofassets<br>**772,680**<br>**20,120**<br>Additions<br>**3,628**<br>Disposals<br>**(23,663)**<br>**(20,120)**<br>**At31July 2021**<br>**752,645**<br>**Depreciation**<br>At 07 May 2020<br>Transferofassets<br>**697,629**<br>**20,211**<br>Charge for the year<br>**43,428**<br>Eliminated on disposal<br>**(23,663)**<br>**(20,211)**<br>**At31July2021**<br>**717,394**<br>**Net book value**<br>**At31July 2021**<br>**35,251**<br>At 07 May 2020<br>**Investments**<br>**Group**<br>**2021**<br>£<br>**Cost**<br>Addition<br>**At31July 2021**<br>**Net book value**<br>**At31July 2021**||
|---|---|
|||



||**2021**|2020|
|---|---|---|
||£|£|
|Assets|**418,009**|**207,351**|
|Liabilities|**(400,316)**|**(192,352)**|
|Share capital|**1**|**1**|
|Retained profits|**17,692**|**14,998**|





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## 

|**2021**<br>£<br>Turnover<br>**337,038**<br>Direct costs and overheads<br>**(338,850)**<br>Operating charges paid to parent charity<br>Net (Loss)/Profit<br>**(1,812)**<br>Distribution made to parent charity<br>(Deficit)/Surplus retained<br>**(1,812)**|2020<br>£<br>967,361<br>(891,695)<br>(77,885)<br>(2,219)<br>(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**|



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|**Group**|**Charity**|
|---|---|
|**2021**|**2021**|
|£|£|
|**42,013**||
|**42,013**||



## 

## 

|General funds<br>Pension<br>**Restricted funds**<br>Arts Council Cultural Recovery Grant|Acquired 28<br>**At**<br>August 2020<br>Income<br>Expenditure<br>**31July 2021**<br>£<br>£<br>£<br>£<br>584,428<br>2,488,225<br>(2,505,447)<br>**567,206**<br>{1,210,236)<br>100,998<br>**(1,109,238)**<br>(625,808)<br>2,488,225<br>(2,404,450)<br>**(542,032)**<br>At 07 May<br>**At**<br>2020<br>Income<br>Expenditure<br>**31July 2021**<br>£<br>£<br>£<br>£<br>129,979<br>(129,979)<br>129,979<br>(129,979)|Acquired 28<br>**At**<br>August 2020<br>Income<br>Expenditure<br>**31July 2021**<br>£<br>£<br>£<br>£<br>584,428<br>2,488,225<br>(2,505,447)<br>**567,206**<br>{1,210,236)<br>100,998<br>**(1,109,238)**<br>(625,808)<br>2,488,225<br>(2,404,450)<br>**(542,032)**<br>At 07 May<br>**At**<br>2020<br>Income<br>Expenditure<br>**31July 2021**<br>£<br>£<br>£<br>£<br>129,979<br>(129,979)<br>129,979<br>(129,979)|
|---|---|---|
||At 07 May<br>2020<br>£|Income<br>Expenditure<br>**31**<br>£<br>£<br>129,979<br>(129,979)<br>129,979<br>(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)**|





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|||£|
|---|---|---|
|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)|



##