2021-07-31-accounts

				Page
Reference and Administrative		Details ofthe Company,	its Trustees and Advisers
Trustees' Report				2-14
Independent	Auditors' Report	on the Financial Statements		15-18
Consolidated	Statement of Financial Activities			19
Consolidated	Balance Sheet			20
Company Balance Sheet				21
Consolidated	Statement ofCash Flows			22
Notes to the	Financial Statements			23-43

Trustees				S Campbell (appointed 2 July 2020)
				C Catron (appointed 20 July 2020, resigned 1		July 2021)
				J Coe (appointed 2 July 2020)
				A Delap (appointed 2 July 2020, resigned 28 January 2021)
				L Follon (appointed 2 July 2020, resigned 20 July 2020)
				A Gomez (appointed 20 July 2020, resigned 30June 2021).
				A Harmon (appointed 2 July 2020, resigned 20 July 2020)
				LJones (appointed 1 July 2021)
				J Killick (appointed 2 July 2020)
				H Maryam (appointed 1 July 2021)
				S Middleton (appointed 20 July 2020, resigned		30June 2021)
				P Orton (appointed 1 July 2021)
				F Robertson-Barnett (appointed 20 July 2020)
				M Robinson (appointed 2 July 2020,	resiqned	20 July 2020)
				M Searle (appointed 2 July 2020, resigned 23August 2021)
				Z Sutton (appo)nted 1 July 2021)
				ESweeney (appointed 2 July 2020,	resigned	30June 2021)
				A Welsh (appointed 2 July 2020, resigned 20		July 2020)
Company	registered
number				12714026
Charity registered
number				1191269
Registered		office		21 Higher Cambridge Street
				Manchester
				M15 6AD
Chief executive officer				Matt Robinson
Senior leadership			team	Matt Robinson, Chief Executive Officer
				Paul Norman, Head of Membership	Development
				Stephanie Taylor-Wren, Head of Insight
				Louise White, Head of Finance 8 Performance
				Lesley Edwards, Head of People
				Jo Stafford, Head of Marketing and	Communications
independent		auditors		Dains LLP
				Statutory Auditor
				Chartered Accountants
				Suite 2, Albion House
				2 Etruria ONce Village
				Forge Lane
				Stoke on Trent
				Staffordshire
				ST1 5RQ

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
		Note		F
Income from."
Donations and legacies			2,487,445	327,803	2,815,248
Other trading activities			408,314		408,314
investments			121		121
Total income			2,895,880	327,803	3,223,683
Expenditure on:
Raising funds			406,265		406,265
Charitable activities		6	7,084,447		7,084,447
Total expenditure			7,490,7'I2		7,490,712
Net (expenditure)/income			(4,594,832)	327,803	(4,267,029)
Transfers between	funds	18	327,803	(327,803)
Net movement in	funds		(4,267,029)		(4,267,029)
Reconciliation of	funds:
Net movement in funds			(41267,029)		(4,267,029)
Total funds carried forvvard			(4,267,029)		(4,267,029)

						2021
				Note
Fixed assets
Tangible assets				11		25,879
Investments				'l2		1,824
						27,703
Current assets
Stocks				13	91,163
Debtors				14	102,052
Cash at bank and	in hand				1,631,516
					1)824,731
Creditors: amounts	falling due within		one year	15	(607,448)
Net current assets						1,217,283
Total assets less	current	liabilities				1,244„986
Creditors: amounts	falling due after		more than one year	16		(5,512,015)
Total net liabilities						(4,267,029)
Charity funds
Restricted funds
Unrestricted funds
Unrestricted funds	excluding	pension	liability	18	1,478,278
Pension reserve				18	(5,745,307)
Total unrestricted	funds			18		(4,267,029)
Total funds						(4,267,029)

						2021
				Note		F
Fixed assets
Tangible assets				11		26,879
Investments				12		1,826
						27,704
Current assets
Stocks				13	86,671
Debtors				14	267„085
Cash at bank and	in hand				1,467,342
					1,821,098
Creditors: amounts	faliing due within		one year	15	(603,816)
Net current assets						1,217,282
Total assets less	current	liabilities				1,244,986
Creditors; amounts	falling due after more than one year			16		(6,612,016)
Total net assets						(4)267,029)
Charity funds
Restricted funds				18
Unrestricted funds
Unrestircted funds	excluding	pension	liability	18	1,478,278
Pension reserve				18	(5,745,307)
Total unrestricted	funds					(4,267,029)
Total funds						(4,267,029)

Cash flows from operating activities
Net cash provided by operating activities			19,364
Cash flows from investing activities
Purchase oftangible fixed assets			V,649)
Cash donated from predecessor charity			1,614,001
Net cash provided by investing activities			1„612,152
Change ln cash and cash equivalents	in the period		1,631,516
Cash and cash equivalents at the end	ofthe period		1,631„516
The notes on pages 23 to 43 form part of these financial		statements

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
				E
Block grant		1,937,149		1,937,149
Top up grant		660,296		560,296
Coronavirus	Job Retention Scheme		327,803	327,803
		2,487,445	327,803	2,815,248

				Unrestricted	Total
				funds	funds
				2021	202'i
					E
	Commercial			337,676	337,676
	Totum	Card		2, 'I80	2,180
	Media			(2,794)	(2,794)
	Other			50,000	60,000
	Trading	Subsidiary		21,353	21,363
				408,314	408,314
6.	Investment		income

		Unrestricted	Total
		funds	funds
		2021	2021
investment	income	121

						Unrestricted	Total
						funds	funds
						2021	2021
Advancement	ofeducation					2,106,206	2,106,206
Transfer from	The Manchester	Metropolitan	University	Students'	Union	4,978,241	4,978,241
						7,084,447	7,084,447

							Total
				Staff costs	Depreciation	Other costs	funds
				2021 f	2021	2021	2021
Advancement	of education			1,294,963	14,424	796,819	2,106„206
Transfer from The Manchester			Metropolitan
University	Students'	Union				4,978,241	4,978,241
				1,294,963	14,424	5,775,060	7,084,447

				Unrestricted	Total
				funds	funds
				2021	2021
Bar, shop and building			support	278,268	278,268
Freshers	costs			1,463	1,463
Trading	subsidiary	costs		9,781	9,781
Ambassador costs				'l0,929	10,929
Voluntary	income staff		costs	92,889	92,889
Voluntary	income depreciation			12,936	12,935
				406,265	406,265

						Activities
						undertaken	Total
						directly	funds
						2021	2021
						E
Total direct costs						2,106,206	2,106,206
Transfer from The Manchester		Metropolitan	University	Students'	Union	4,978,241	4,978,241
						7,084,447	7,084,447
Analysis ofdirect costs
							Total
							funds
							2021
							F
Transfer from The Manchester		Metropolitan	University	Students'	Union		4,978,241
Staff costs							1,294,963
Depreciation							14,424
Staff travel 8 hospitality							1 212
Training							42,471
SUSS pension costs							49,727
Printing, postage and stationary							5,411
Banking and transaction	charges						5„816
Legal and professional	fees						73,603
Campaigns							2,694
Welcome costs							1,813
Computer and office equipment							25,074
Licenses, subscriptions	and affiliations						58,041
Marketing and research							(2,756)
Website costs							6,875
Opportunities and volunteering							8,196
Project funding							11,420
Staff recruitment							4,354
Staff OSPS 8 DIS							2,432
Repairs, maintenance	and premises costs						492,942
Other direct costs							(2)712)
Governance costs							10,206
							7„084,447

Net inco	me/(	exp	enditure	)
						2021
						E
Depreciation		of	tangible	fixed assets:
-owned	by	the	charitable		group	27,357
Auditor's	renumeration			-audit		7,610
Other operating			leases			535„476
						670,443

	Group	Company
	2021	2021
Wages and salaries	1,220,942	1,220,942
Social security costs	107,376	107,376
Other pension costs	69,535	59,536
	1,387,853	1,387,863

			Group
			2021
			No.
Venues			3
Shop			5
Central			8
Marketing			12
Membership/Opportunities			12
Oflicers			5
Advice			7
Cafe			3
Reception	and Building	Support	4

	Plant and	Office	Computer	Other fixed
	machinery	equipment f.	equipment E	assets E	Total F.
Cost or valuation
Additions	600	1„249			1,849
Donations	26,279	5,481	17,898	2,729	51,387
At 31 July 2021	26„879	6,730	17,898	2,729	53,236
Depreciation
Charge for the period	14,929	2,067	9,110	1,251	27„357
At 31 July 2021	14,929	2,067	9,110	1,261	27,367
Net book value
At 31 July 2021	10,960	4,663	8,788	1,478	25,879

						Listed
						Investments
	Group					F
	Cost or valuation
	On donation at 15September 2020					1,824
	At 31 July 2021					1,824
	Net book value
	At 31 July 2021					1,824
				Investments
				In
				subsidiary	Listed
				companies	investments	Total
	Company			E
	Cost or valuation
	On donation at 15September 2020				1&824	1,825
	At 31 July 2021				1,824	1,825
	Net book value
	At 31 July 2021				1„824	1,825
	Ail fixed asset investments	are held	in the UK.
13.	Stocks

						Group	Company
						2021	2021
Finished	goods	and	goods	for	resale	91,163	86,671

		Group	Company
		2021	2021
		F
Due within one year
Trade debtors		16,365	16,365
Amounts owed by group undertakings			165,430
Other debtors		29,558	29„161
Prepayments	and accrued income	29,117	29,'i17
Grants receivable		27,012	27,0'l2
		102&052	267,085

		Group	Company
		2021	2021
Trade creditors		26,697	25,555
Other taxation and social security		30,277	30,277
Other creditors		400,068	399)988
Accruals and deferred	income	'i50,406	147,996
		607,448	603,816

					Group
					2021
Payable	or	repayable	by	instalments	4,335,997
					4,335,997

					Group	Company
					2021	2021
Financial	assets
Financial	assets measured		at arnortised	cost	46,923	46,526
					Group	Company
					2021	2021
Financial	liabilities
Financial	liabilities	measured	at amortised	cost	6,089,186	6,085,554

Statement offunds
Statement offunds	- current		period
						Transfers	Balance at
				Income	Expendituref	in/out	31July 2021
Unrestricted funds
Oesignated funds
Development and Improvement			F'und			240,000	240,000
General funds
General Funds				2)895&880	(7y420y326)	5)762y724	1y23&y278
Pension reserve					(70,386)	(5,674,921)	(5,745,307)
				2,895,880	(7,490,712)	87,803	(4,507,029)
Total Unrestricted	funds			2,895,880	(7,490,712)	327,803	(4,267,029)
Restricted funds
Coronavirus Job retention		scheme		32?,803		(327„803)
Total offunds				3,223,683	(7,490,712)		(4,267,029)

Summary	offunds - current peri	od
				Transfers	Balance at
		Income	Expenditure	In/out	31July 2021
		E	F	F
Designated	funds			240,000	240,000
General funds		2,895,880	(7,490,712)	87,803	(4,507,029)
Restricted	funds	327,803		(327,803)
		3,223,6&3	(7,490,712)		(4,267,029)

Analysis	of net assets between funds - current period
		Unrestricted	Total
		funds	funds
		2021	2021
			F
Tangible	fixed assets	25,879	25,879
Fixed asset investments		1,824	1,824
Current	assets	1,824,731	1,824,731
Creditors	due within one year	(607,448)	(607,448)
Creditors	due in more than one year	(5,512,015)	(5,612,016)
Total		(4,267,029)	(4,267,029)

								Group
								2021
Net incomelexpenditure				for the period		(as per Statement	of Financial Activities)	(4,267,029)
Adjustments	for:
Depreciation	charges							27,357
Decrease in	stocks							33,676
Decrease in	debtors							156,603
(Decrease)	in creditors							(909,385)
Assets donated from			predecessor		charity			(2,050,607)
Liabilities inherited		from		predecessor		charity		7,028,848
Net casH provided			by	operating	activities			19,363

		Group
		2021
Cash	in hand	1,631,516
Total	cash and cash equivalents	1,63"l,516

							At 31July
						Cash flows	2021
Cash	at	bank	and	in	hand	1,631)516	1,631&516
						1,631,516	1,631,516

		Book value	Fair value
Fixed Assets
Tangible		51,389	51,389
'investments		1,824	1,824
		53,213	53,213
Current Assets
Stocks		124,738	124,738
Debtors		258,655	258„655
Cash at bank and	in hand	1,614,001	1,614,001
Total Assets		2,050,607	2,050,607
Creditors
Total liabilities		(7,028,84&)	(7,028,848)
Total Identifiable	net liabilities	(4,978,241)	(4,978,241)

under non	-can	cellable operating leases as follows:
			Group 2021	Company 2021
			P	E
Not later than		1 year	535,476	535,476
Later than	1 year and not later than 5years		1,606,428	1,606,428
			2,141,904	2,141,904

		2021
		F
Recurrent	Grant Receivable	1,858,800
Sale ofGoods and Services		80,173
Purchases	ofGoods and Services	488,787
Rent		213,000
Service charge		322,476
		2,963,236

Name					Company	Class of	Holding	Included	in
					number	shares		consolidation
Manchester		Metropolitan	Students'	Union	09188480	Ordinary	100%	Yes
Trading	Limited					Shares

rincipal su	bsidiaries (	continued)
Name					Income	Expenditure	Net	assets
								P.
Manchester	Metropolitan	Students'	Union	Trading	21,353	(21,353)
Limited