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UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION

ACCOUNTS FOR THE YEAR ENDED 31 JULY 2007

Page Organisation and Administration

1

Auditors’ Report

2

Balance Sheet

3

Income and Expenditure Account

4

Cash Flow Statement

5

Notes to the Accounts

6 – 11

Appendix 1 : Union Income and Expenditure Account

12

Appendix 2 : SUSU Café Trading Account

13

Appendix 3 : Travel Centre Trading Account

14

Appendix 4 : Union Shop Trading Account

15

Appendix 5 : Venue Trading Account

16 – 17

Schedules to the Income and Expenditure Account

18 – 26


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION ORGANISATION AND ADMINISTRATION ____________________________________________________________________________________

OBJECTS The Students’ Union exists to: a) b) c) d)

afford a recognised channel of communication between students and the rest of the University; promote the general interest of students; provide and further welfare, social, cultural, recreation and athletic facilities; foster amicable relations within The University, with other bodies and the general public.

Address:

University of Southampton Students’ Union Highfield Southampton SO17 1BJ

Officers:

President Other Executive Officers Administrative Officers Honorary Officers Secretary and Licensee (George R Clegg)

Auditors:

Mazars LLP 8 New Fields 2 Stinsford Road Nuffield Poole Dorset BH17 0NF

Bankers:

Lloyds TSB Plc Commercial Service Gracechurch House 23/35 Castle Way Southampton SO14 2BW

STATEMENT OF PRESIDENT’S RESPONSIBILITIES Standing Order 2.2 (a) (i) of the University of Southampton Students’ Union Constitution states ‘inter alia’ that the President shall cause annual accounts to be prepared and will be responsible for the presentation of these to the appropriate committees.

1


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION ____________________________________________________________________________________ We have audited the financial statements which comprise the balance sheet, income and expenditure account, cash flow statement and related notes which have been prepared under the historical cost convention and the accounting policies set out on page 6. This report is made solely to the entity’s members as a body. Our audit work has been undertaken so that we might state to the entity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the entity and the entity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of President and auditors As described on page 1 the President is responsible for the preparation of financial statements. Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland). We report to you our opinion as to whether the financial statements give a true and fair view. We also report to you if, in our opinion, the entity has not kept proper accounting records or if we have not received all the information and explanations we require for our audit.

Basis of opinion We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the President in the preparation of the financial statements, and of whether the accounting policies are appropriate to the entity’s circumstances, consistently applied and adequately disclosed. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

Opinion In our opinion the financial statements give a true and fair view of the state of the entity’s affairs as at 31 July 2007 and of its result for the year then ended.

MAZARS LLP Chartered Accountants and Registered Auditors Poole 21 January 2008

2


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION BALANCE SHEET AS AT 31 JULY 2007 ____________________________________________________________________________________ Note

2007 £

Fixed assets Investments Current assets Stock Debtors Cash at bank and in hand

Current liabilities Creditors

2006 £

£

100

4

5 6

7

£

100

77,343 218,231 487,019 _______

123,867 186,542 600,110 _______

782,593

910,519

(408,601) _______

(392,587) _______

Net current assets

373,992 _______

517,932 _______

Net assets

374,092

518,032

374,092

518,032

Represented by: Reserves

8

21 January 2008

John Mills Finance Manager

Sarah Moore President

The notes on pages 6 – 11 form part of these accounts. 3


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________ Note

Union Grant from the University Other non-trading income (net) Expenditure on Union activities (net)

Trading activities Surplus arising on the SUSU Café trading account Deficit arising on the Travel Centre trading account Surplus arising on the Union Shop trading account Surplus arising on the Venue trading account

2007 £

2006 £

1,802,024 41,795 (1,835,825) ________

1,637,820 48,563 (1,570,860) ________

7,994

115,523

14,680 (5,639) 55,279 4,318 ________

2,863 (46,215) 59,830 940 ________

Net surplus before fixed asset expenditure

8

76,632

132,941

Transfer from reserves in respect of fixed asset expenditure

8

(220,572) ________

(136,129) ________

(143,940)

(3,188)

Net deficit for the year

The notes on pages 6 – 11 form part of these accounts.

4


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________ Note

2007 £

2006 £

Net cash inflow from operating activities

11

83,940

105,847

Returns on investments

12

23,541

27,759

Capital expenditure and financial investment

13

(220,572)

(136,129)

_______

_______

(113,091)

(2,523)

Decrease in cash in the period

RECONCILIATION OF NET CASH FLOW TO MOVEMENTS IN NET FUNDS Decrease in cash in the period

(113,091) _______

(2,523) _______

(113,091)

(2,523)

Opening net funds at 1 August 2006

600,110 _______

602,633 _______

Closing net funds at 31 July 2007

487,019

600,110

Change in net funds in the period

14

The notes on pages 6 – 11 form part of these accounts.

5


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

1.

2.

ACCOUNTING POLICIES (a)

The accounts are prepared under the historical cost convention.

(b)

The cost of fixed assets is written off to the Income and Expenditure Account and trading accounts in the year of purchase and proceeds from the disposal of fixed assets are credited to the Income and Expenditure Account and trading accounts.

(c)

Investments are stated at the lower of cost and net realisable value.

(d)

Stocks are stated at the lower of cost and net realisable value.

(e)

Income and expenditure is accounted for on a receivable and payable basis, except for interest on bank deposits which is accounted for on a receipts basis.

TAXATION The University of Southampton Students’ Union is exempt from taxation under Section 505, ICTA 1988.

3.

RELATED ENTITIES Separate accounts are prepared for the following entities and therefore their assets and liabilities have not been included in these accounts: a) b)

University of Southampton Students’ Union Club. University of Southampton Students’ Union Rag Appeal.

6


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

4.

INVESTMENTS Shares held Shares in Brassbound Limited – valued at cost

2007 £

2006 £

100 ______

100 ______

100

100

The Directors of Brassbound Limited hold the shares in trust for the benefit of the Students’ Union. The investment represents 100% of the issued share capital of Brassbound Limited.

5.

STOCKS Union Shop SUSU Café Bars Union Films

6.

DEBTORS Amounts due from University of Southampton Other debtors and prepayments

7.

CREDITORS Amounts due to University of Southampton Other creditors and accruals

7

2007 £

2006 £

40,050 9,557 27,417 319 ______

95,851 6,821 21,040 155 ______

77,343

123,867

2007 £

2006 £

72,736 145,495 _______

49,517 137,025 _______

218,231

186,542

2007 £

2006 £

80,091 328,510 _______

33,992 358,595 _______

408,601

392,587


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2007 ________________________________________________________________________________________________________________________________

8.

RESERVES (INCLUDING FIXED ASSET EXPENDITURE)

Non-trading reserves Consolidated reserve (schedule 15 unaudited)

Trading reserves

Total reserves - before commitments (see Note 9)

Balance 1 August 2006

Surplus

£

£

Transfer from reserves (fixed asset expenditure) £

746,410

7,994

(94,096)

______-

660,308

(228,378)

68,638

(126,476)

______-

(286,216)

518,032

76,632

(220,572)

-

8

Transfer between reserves

Balance 31 July 2007

£

£

374,092


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

9.

CAPITAL COMMITMENTS Total reserves at 31 July 2007 Less: Amounts authorised by Union Management Board and contracted for at 31 July 2007

2006 £

374,092

518,032

(155,797)

(6,540)

(8,000) _______

(35,000) _______

Distributable reserves at 31 July 2007

210,295

476,492

FINANCIAL COMMITMENTS

2007 £

2006 £

332,000 _______

332,000 _______

332,000

332,000

1,732 _______

1,732 _______

1,732

1,732

Less: Amounts authorised by Union Management Board but not contracted for at 31 July 2007

10.

2007 £

Annual commitments under non-cancellable operating leases were: Land and buildings: Leases expiring - within one year - within two to five years - in over five years

Other: Leases expiring - within one year - within two to five years - in over five years

The land and buildings leases all relate to the rental of buildings from the University of Southampton. The leases allow a rent review every five years.

9


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________ 11.

RECONCILIATION OF OPERATING SURPLUS TO NET CASH FROM OPERATING ACTIVITIES Total surplus from Income and Expenditure account Surplus on SUSU Café Deficit on Travel Centre Surplus on Union Shop Surplus on Venue

Investment income Decrease/(increase) in stock (Increase)/decrease in debtors Increase in creditors

Net cash inflow from operating activities

12.

RETURNS ON INVESTMENTS Interest received on bank deposit account

10

2007 £

2006 £

7,994 14,680 (5,639) 55,279 4,318 _______

115,523 2,863 (46,215) 59,830 940 _______

76,632

132,941

(23,541) 46,524 (31,689) 16,014 _______

(27,759) (21,310) 6,771 15,204 _______

83,940

105,847

2007 £

2006 £

23,541 ______

27,759 ______

23,541

27,759


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

13.

2007 £

CAPITAL INVESTMENT Fixed assets investment refunded – Union

-

Fixed assets acquired – Union Fixed assets acquired – SUSU Café Fixed assets acquired – Travel Fixed assets acquired – Union Shop Fixed assets acquired – Venue

Receipts from sale of assets

14.

1 August 2006 £

ANALYSIS OF CHANGES IN NET FUNDS

Cash in hand and at bank including on deposit

15.

2006 £

600,110

(94,096) (14,387) (2,626) (35,138) (74,325) _______

(31,943) (5,355) (3,000) (9,364) (87,467) _______

(220,572)

(137,129)

_______

1,000 _______

(220,572)

(136,129)

Cash Flows £ (113,091)

31 July 2007 £ 487,019

CONTINGENT LIABILITIES A deposit account of £154,000 is held in joint names with Lloyds TSB Plc. This is held as security by the bank to cover the guarantees Lloyds TSB Plc has issued in favour of Rail Settlement Plan, British Rail International and IATA.

11


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION CONSOLIDATED UNION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007

APPENDIX 1

____________________________________________________________________________________ Schedule Unaudited Income Grant from the University Other income (net)

2007 £ Unaudited

1

2007 £ Unaudited

2006 £ Unaudited

2006 £ Unaudited

1,802,024 41,795 ________

1,637,820 48,563 ________

1,843,819

1,686,383

Less: Expenditure Central Services General administration expenses Officers and related expenses House expenses Union Films (net) Student central services (net) Non-departmental grants Marketing & promotional (net) Membership Services Membership services department Student advice & information centre (net) IT & New Media Publications (net) Student activities (net) Athletic Union (net) Sport Southampton Voluntary Redundancy Costs

2 3 4 5 6 7 8

440,767 125,853 490,488 (548) 40,915 19,445 96,962

380,175 120,611 460,877 (397) 644 14,804 72,792

9

153,303

108,370

10 11 12 13 14

90,285 111,074 (1,488) 86,744 174,079 7,946 ________

80,018 82,226 (6,772) 88,249 155,742 3,184 10,337 ________

Surplus on Union activities Transfer from reserves Less: Fixed asset expenditure

Balance transferred to reserves

1,835,825 ________

1,570,860 ________

7,994

115,523

94,096 (94,096) ________

15

12

31,943 (31,943) ________ ________

________

7,994

115,523


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SUSU CAFÉ TRADING ACCOUNT FOR THE YEAR ENDED 31 JULY 2007

APPENDIX 2

____________________________________________________________________________________ 2007 £ Unaudited

2006 £ Unaudited

660,005

Income Less: Cost of sales Opening stock Purchases

2007 £ Unaudited

565,622

6,821 307,688 _______

5,943 254,496 _______

Less: Closing stock

314,509 (9,557) _______

260,439 (6,821) _______

Salaries and wages

304,952 289,321 _______

253,618 262,948 _______

Gross profit Less: Expenditure Power – gas Administrative charges Cash transit charges Equipment rental Small equipment and utensils Cleaning General maintenance and till rolls Insurance Printing, postage and stationery Sundries Telephone Uniforms and overalls Promotions and publicity Staff training

Transfer from reserves Less: Fixed asset expenditure

594,273 _______

516,566 _______

65,732

49,056

1,666 7,500 5,700 2,561 6,133 9,012 10,093 2,148 1,038 282 784 1,130 379 2,626 _______

Surplus (Note 11)

2,600 7,500 5,080 1,804 4,335 9,268 6,889 2,078 438 1,660 554 2,170 1,565 252 _______ 51,052 _______

46,193 _______

14,680

2,863

14,387 (14,387) ______

Balance transferred to reserves 13

2006 £ Unaudited

5,355 (5,355) ______ ______

______

14,680

2,863


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION TRAVEL CENTRE TRADING ACCOUNT FOR THE YEAR ENDED 31 JULY 2007

APPENDIX 3

____________________________________________________________________________________ 2007 £ Unaudited

2007 £ Unaudited

2006 £ Unaudited

2006 £ Unaudited

Income

1,473,653

1,412,962

Less: Payments to operators and agencies

1,400,889 ________

1,352,148 ________

72,764

60,814

21,500 54 53,111 ________

75 48,970 ________

147,429

109,859

Gross profit Add: Grant from SU Bonus receipts Service fees and cancellation charges

Less: Expenditure Salaries and wages Rent Electricity Barclaycard finance charges Cash transit charges Administrative charges Equipment rental Cleaning General maintenance and till rolls Insurance Printing, postage and stationery Promotions and publicity Software and computer consumables Sundries Staff training and conferences Telephone Travel literature and subscriptions Uniforms

123,626 9,300 1,500 2,749 1,000 5,004 120 948 502 1,279 1,933 988 113 232 2,181 1,249 25 319 ________

Deficit (Note 11) Transfer from reserves Sale of assets Less: Fixed asset expenditure

127,812 10,037 1,500 1,570 1,500 5,004 (905) 1,425 913 1,482 2,245 596 105 318 571 1,587 147 167 ________ 153,068 ________

156,074 ________

(5,639)

(46,215)

2,626 (2,626) ________

Balance transferred to reserves 14

2,000 1,000 (3,000) ________ ________

________

(5,639)

(46,215)


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION UNION SHOP TRADING ACCOUNT FOR THE YEAR ENDED 31 JULY 2007

APPENDIX 4

____________________________________________________________________________________ 2007 £ Unaudited

Less: Closing stock

81,611 954,828 ________

1,081,625 (40,050) ________

1,036,439 (95,851) ________

Transfer from reserves Less: Fixed asset expenditure

1,041,575 ________

940,588 ________

366,629

355,774

221,616 30,000 3,840 11,312 7,500 14,000 4,535 6,076 3,488 2,991 4,295 962 684 51 ________

Surplus (Note 11)

207,902 30,000 3,200 11,738 7,500 12,500 4,075 6,121 3,170 542 8,227 949 7 13 ________ 311,350 ________

295,944 ________

55,279

59,830

35,138 (35,138) ________

Balance transferred to reserves

15

2006 £ Unaudited 1,296,362

95,851 985,774 ________

Gross profit Less: Expenditure Salaries and wages Rent Electricity Barclaycard finance charges Administrative charges Cash transit charges Cleaning General maintenance and till rolls Insurance Printing, postage and stationery Sundries Staff training and conferences Telephone Promotions and publicity Uniforms

2006 £ Unaudited

1,408,204

Income Less: Cost of sales Opening stock Purchases

2007 £ Unaudited

9,364 (9,364) ________ ________

________

55,279

59,830


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION VENUE TRADING ACCOUNT FOR THE YEAR ENDED 31 JULY 2007

APPENDIX 5

(CONSOLIDATED WITH WINCHESTER SCHOOL OF ART BAR AND ENTERTAINMENTS) ____________________________________________________________________________________ 2007 £ Unaudited Income Bars Entertainments

2007 £ Unaudited

1,171,076 394,430 ________

2006 £ Unaudited

963,042 335,453 ________ 1,565,506

Less: Cost of sales Bars Entertainments

460,204 436,685 ________

Gross profit Discount allowance received

Salaries and wages

Less: Expenditure Rent Administrative charges Barclaycard charges Cash transit charges Glasses and small equipment Cleaning General maintenance and till rolls Equipment maintenance Insurance Printing, postage and stationery Software & computer consumables Sundries Staff training & conferences Telephone Uniforms and overalls Stocktaking fees Entertaining costs Performing rights

150,000 7,500 6,244 12,959 26,956 28,051 22,103 31,432 5,987 11,477 1,528 2,716 1,944 693 861 2,973 6,365 3,434

16

2006 £ Unaudited

1,298,495

370,031 348,703 ________ (896,889) ________

(718,734) ________

668,617

579,761

7,499 ________

8,219 ________

676,116

587,980

(345,491) ________

(295,753) ________

330,625

292,227

150,000 7,500 1,694 9,500 21,603 29,146 6,568 14,797 5,130 6,463 174 4,895 1,096 566 1,830 3,002 5,574 700


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION VENUE TRADING ACCOUNT FOR THE YEAR ENDED 31 JULY 2007

APPENDIX 5

(CONSOLIDATED WITH WINCHESTER SCHOOL OF ART BAR AND ENTERTAINMENTS) ____________________________________________________________________________________ 2007 £ Unaudited Records & CD’s Vacation subsistence Promotional & publicity expenses Legal fees

9,805 6,306 ________

Trading deficit Add: Other Income Commissions

Trading surplus (Note 11) Transfer from reserves Less: Fixed asset expenditure

2007 £ Unaudited

17

2006 £ Unaudited

374 409 10,895 12,581 ________ 339,334 ________

294,497 ________

(8,709)

(2,270)

12,994 33 _______

2,509 701 _______

4,318

940

74,325 (74,325) _______

Balance transferred to reserves

2006 £ Unaudited

87,467 (87,467) _______ _______

_______

4,318

940


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

1.

OTHER INCOME (NET)

Membership fees: Associate and life Interest on bank and other deposit accounts Surplus – washing machine Miscellaneous income (net) (schedule 1A) Hire of premises and facilities Advertising and promotional income Proceeds from the sale of fixed assets Deficit – Union vehicles Discounts received Non recoverable VAT

1A.

MISCELLANEOUS INCOME

2007 £ Unaudited

Income Entertainment machines Miscellaneous Commissions from photo-booth

Less: Expenditure Projects/campaigns Teas for committees Sundry expenditure Newspapers Taxation and management consultancy Provision for bad debts Bad debts written off

2007 £ Unaudited

18

2006 £ Unaudited

2,303 23,541 4,185 8,966 21,677 5,533 (245) (8,092) 143 (16,216) _______

2,498 27,759 2,302 9,679 29,192 5,925 (11,887) 991 (17,896) _______

41,795

48,563

2006 £ Unaudited

2006 £ Unaudited

15,681 1,138 4,668 _______

17,101 986 2,804 _______

21,487

20,891

2,620 953 668 5,850 1,418 1,012 _______

Balance transferred to other income

2007 £ Unaudited

2,261 1,030 158 512 6,346 (425) 1,330 _______ (12,521) _______

(11,212) _______

8,966

9,679


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

2.

GENERAL ADMINISTRATION EXPENSES

Audit fees Insurances Legal charges Cash transit charges Office equipment maintenance Software and computer consumables Printing, stationery and postage Salaries and wages Telephones and fax Sundries (including staff recruitment) Conferences and staff training

3.

OFFICERS AND RELATED EXPENSES

Sabbatical salaries Sabbatical officers’ expenses Other officers’ expenses Region and area travel Election expenses

4.

HOUSE EXPENSES

Rent Portering wages and salaries Cleaning, wages and materials Overalls and uniforms Repairs, redecoration and general maintenance Electricity Billiard table and room maintenance

19

2007 £ Unaudited

2006 £ Unaudited

8,300 15,708 18,644 4,920 7,167 3,880 11,586 343,735 1,717 13,917 11,193 _______

6,570 17,161 1,519 6,029 4,227 113 7,540 310,522 2,613 15,520 8,361 _______

440,767

380,175

2007 £ Unaudited

2006 £ Unaudited

116,202 2,676 1,458 1,528 3,989 _______

111,280 1,489 1,329 2,114 4,399 _______

125,853

120,611

2007 £ Unaudited

2006 £ Unaudited

130,000 227,669 79,824 1,052 19,961 31,562 420 _______

130,000 202,320 75,794 887 18,641 32,840 395 _______

490,488

460,877


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

5.

UNION FILMS

2007 £ Unaudited

Income Ticket sales, refreshments and advertising Student Membership fee

2006 £ Unaudited

25,773 8,420 _______ 34,193

Less : Expenditure Film hire including transport cost Refreshment purchases Salaries and wages Cleaning Performing Rights Technical expenses Vacation Subsistence Administration including advertising

19,063 2,605 6,000 1,500 724 173 556 3,024 _______

Net surplus

6.

2007 £ Unaudited

STUDENT CENTRAL SERVICES

Freshers’ Week (net) Safety buses (net) Student Participation Group Personal Accident Fund Insurance reserve fund Surge Radio Goodie bags Grant to Travel Centre Membership fee to Union Films

20

2006 £ Unaudited

29,356 _______ 29,356

15,563 3,010 5,477 1,500 774 51 231 2,353 _______ (33,645) _______

(28,959) _______

548

397

2007 £ Unaudited

2006 £ Unaudited

(7,083) 5,185 137 94 13,372 (710) 21,500 8,420 _______

(14,310) 3,413 1,800 12,372 (2,631) _______

40,915

644


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

7.

NON-DEPARTMENTAL GRANTS

University of Southampton Day Nursery University of Southampton Nightline University of Southampton Students’ Union Appeal Fund University of Southampton Students’ Union Rag Appeal Fund Turner Sims Concert Hall

8.

MARKETING AND PROMOTIONAL DEPARTMENT

General administration costs including salaries Conferences and staff training Internal Union Publicity

9.

MEMBERSHIP SERVICES DEPARTMENT

General administration costs including salaries Conferences and staff training Executive officer training Student Training Internal projects and campaigns Equal Opportunities Campaigns and conferences Postgraduate term & vacation expenses Student Community Action administration and projects (net)

21

2007 £ Unaudited

2006 £ Unaudited

5,000 2,200 8,725 1,820 1,700 _______

5,000 1,330 5,344 1,530 1,600 _______

19,445

14,804

2007 £ Unaudited

2006 £ Unaudited

90,028 1,573 5,361 _______

71,608 625 559 _______

96,962

72,792

2007 £ Unaudited

2006 £ Unaudited

80,295 858 9,159 515 24,436 124 2,575 35,341 _______

60,946 415 14,013 371 3,175 962 1,684 26,804 _______

153,303

108,370


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

10.

STUDENT ADVICE & INFORMATION CENTRE

General administration costs including salaries Conferences and staff training Books, documents and subscriptions Newspapers Day Nursery refunds International student socials Batch Scheme International (net) SUSU Emergency Fund

11.

IT & NEW MEDIA

General administration costs including salaries Conferences and staff training Website development costs

12.

PUBLICATIONS

Union handbook (net) Wessex Scene (net) Fresh discount magazine

13.

STUDENT ACTIVITIES (NET)

General administration costs including salaries Conferences and staff training Publicity Equipment insurance Health and safety expenses Clubs & societies expenditure (net)

22

2007 £ Unaudited

2006 £ Unaudited

76,206 5,519 3,499 1,513 1,483 (386) 2,451 _______

65,376 2,250 6,843 7 2,948 2,991 (397) _______

90,285

80,018

2007 £ Unaudited

2006 £ Unaudited

111,426 2,061 (2,413) _______

81,222 2,511 (1,507) _______

111,074

82,226

2007 £ Unaudited

2006 £ Unaudited

3,901 (5,389) _______

(53) (1,883) (4,836) _______

(1,488)

(6,772)

2007 £ Unaudited

2006 £ Unaudited

43,828 240 2,741 3,836 36,099 _______

48,727 10 902 14,259 2,261 22,090 _______

86,744

88,249


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION

SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

14.

ATHLETIC UNION

Income AU membership fees Contribution to air compressor Sundry income (including AU fines) AU Ball (net) Claims met by insurance

2007 £ Unaudited

2007 £ Unaudited

28,264 300 2,078 (935) 25 _______

2006 £ Unaudited

30,486 300 17 (1,937) _______ 29,732

Less: Expenditure Net contributions to the expenditure of affiliated clubs Teas Club Affiliations Club Insurance Training Courses for Clubs BUSA competition costs National Representation General administration costs BUSA administration costs Hire of facilities Insurance Equipment maintenance Non BUSA club championships Recreational accommodation Travel from Winchester School of Art Coaching fund

35,519 3,920 11,680 8,416 2,150 57,936 1,416 4,272 14,704 6,574 8,778 5,593 18,286 78 43 24,446 _______

Deficit transferred to reserves (Schedule 15 - unaudited)

23

2006 £ Unaudited

28,866

33,986 3,055 5,012 7,227 1,854 49,258 4,005 7,694 11,378 6,641 8,788 5,409 19,306 260 60 20,675 _______ 203,811 _______

184,608 _______

(174,079)

(155,742)


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SCHEDULE TO THE BALANCE SHEET AS AT THE YEAR END 31 JULY 2007 ________________________________________________________________________________________________________________________________

15.

RESERVES (INCLUDING FIXED ASSET EXPENDITURE)

Allocation of non-trading reserves Group personal accident Early retirement fund Insurance fund Athletic Union General reserve

Consolidated reserve (Note 8)

Transfer between reserves

Balance 31 July 2007

£ Unaudited

Transfer from reserves (fixed asset expenditure) £ Unaudited

£ Unaudited

£ Unaudited

15,000 60,000 14,325 50,315 606,770 _______

(174,079) 182,073 _______

(27,580) (66,516) _______

182,000 (182,000) _______

15,000 60,000 14,325 30,656 540,327 _______

746,410

7,994

(94,096)

-

660,308

Balance 31 July 2006

Allocation of surplus for period

£ Unaudited

24


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION SCHEDULES TO THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2007 ____________________________________________________________________________________

16.

2007 £ Unaudited

AFFILIATIONS AND DONATIONS

Body to which affiliation or donation is made: advice UK (formerly Federation of Independent Advice Centres) Amateur Rowing Association Amateur Swimming Association Army Parachute Association Association for Managers in Student Unions Baseball Softball UK Bramshaw Golf Club British Collegiate Parachute Association British Fencing Association British Kendo Association British Mountaineering Council British Parachute Association British Rink Hockey Association British Sub Aqua Club British T Conservation Volunteers British Universities Sailing Association British Universities Sports Association England Basketball England Basketball - BUSA England Handball Association English Hockey English Lacrosse Association English Squash English Volleyball Association Fair Trade City Group Hampshire Football Association Hampshire Hockey Association Hampshire Rugby Football Union Hampshire Small-bore Rifle and Pistol association Host UK National Association of Citizen Advice Bureau National Centre for Volunteering National Nightline National Postgraduate Committee National Small-Bore Rifle Association National Student Scout and Guide Organisation Production Services Association Rugby Football Union for Women Seishin Mizu Ryu Tatakai Jutsu SKILL National Bureau for Disabled Students South Hampshire Indoor Cricket League South Hockey League Southampton & District S.B. Rifle Association Southampton Chess League Student Radio Association The Association of International Student Advisers The Council for International Education (UKCOSA) The Grand National Archery Society 25

280 225 250 160 650 225 500 18 10 15 16 90 35 275 39 70 10,734 315 425 461 289 243 130 119 10 167 67 144 3 919 570 40 57 787 75 36 213 117 380 100 15 38 8 50 60 70 300 13


UNIVERSITY OF SOUTHAMPTON STUDENTS’ UNION The Royal Life Saving Society UK Turner Sims UK Paintball Sports Federation Universities & Colleges Tenpin Bowling Association University of Southampton Day Nursery Volunteering England World Free Kung Fu Club Wutan Kung Fu Institute International

26

20 1,700 25 60 5,000 40 80 53


/2007