UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year...
-
Upload
charlene-wood -
Category
Documents
-
view
216 -
download
0
Transcript of UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year...
![Page 1: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/1.jpg)
UPSU financial report
UPSUFinancialReport
![Page 2: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/2.jpg)
Introduction
• Part of the purpose of the AGM each year is to report on the financial affairs of the Union to our members.
• We became a registered Charity on 31st August 2011 and are now regulated by the Charity Commission. Our charity number is 1143614.
• The 6 elected Executive Officers are currently the Trustees of UPSU and together with our 4 External Trustees and 2 Student Trustees form our Trustee Board
• We work in close partnership with the University
• The information shown in these slides is taken from our Trustee’s report & Financial Statements which is available on our website
UPSUFinancialReport
![Page 3: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/3.jpg)
Financial Review 2014/2015
• Total income from all sources £5,664,666
• Total expenditure £5,518,808
• Operating surplus of £7,124 after transfers to reserves ( our savings)
• UPSU Reserves 2014/15
Reserve Fund 2014 2015 Reserve Fund 2014 2015 Free 53,000 60,000 Staffing 27,000 20,000 Designated 130,000 130,000 External/Matched Funding 45,000 36,000 Facilities Development 45,000 - Vehicle 15,000 30,000 Capital 330,000 406,000 Sports Development 30,000 75,000 Capital Commitments 137,000 188,000 Gym Equipment - 2,000 Total Unrestricted Funds £814,000 £951,000
UPSUFinancialReport
![Page 4: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/4.jpg)
Where does our income come from?
UPSUFinancialReport
![Page 5: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/5.jpg)
Summary of income over the last 9 years
UPSUFinancialReport
![Page 6: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/6.jpg)
What do we spend our money on?
UPSUFinancialReport
![Page 7: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/7.jpg)
Expenditure
UPSUFinancialReport
![Page 8: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/8.jpg)
Representation expenditure
UPSUFinancialReport
![Page 9: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/9.jpg)
Advice Centre expenditure
UPSUFinancialReport
![Page 10: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/10.jpg)
Volunteering department expenditure
UPSUFinancialReport
![Page 11: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/11.jpg)
Sports Clubs and Societies expenditure
UPSUFinancialReport
![Page 12: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/12.jpg)
Sports Centre
UPSUFinancialReport
2014 2015 Change£ £ + / -
Memberships 255,329 284,701 29,372Other Income 76,603 93,305 16,702Total Income 331,932 378,006 46,074
Running Costs -259,996 -280,995 (20,999)Depreciation -10,320 -12,440 (2,120)Transfers to Reserves -16,435 -82,292 (65,857)Total Expenditure -286,751 -375,727 (88,976)
Surplus 45,181 2,279 (42,902)
![Page 13: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/13.jpg)
Sports Centre
UPSUFinancialReport
![Page 14: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/14.jpg)
Key commercial departments
UPSUFinancialReport
![Page 15: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/15.jpg)
Affiliations
• (k) where the union is affiliated to any external organisations, a report should be published annually or more frequently containing-
o (i) a list of the external organisations to which the union is currently affiliated, and
o (ii) details of subscriptions or similar fees paid, or donations made, to such organisations in the past year (or since the last report),
o and such reports should be made available to the governing body and to all students;
Education Act 1994
UPSUFinancialReport
![Page 16: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/16.jpg)
2015£
National Union of Students 50,958 NUS Services Membership 375 Advice UK 1,005 BUCS 14,141 NASMA membership 330 UKCISA UK subscription 325
Affiliation in 2014/15
UPSUFinancialReport
![Page 17: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/17.jpg)
Our financial journey…. A bumpy road
UPSUFinancialReport
![Page 18: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/18.jpg)
Recovery from our deficit position in 2001
UPSUFinancialReport
![Page 19: UPSU financial report UPSU Financial Report. Introduction Part of the purpose of the AGM each year is to report on the financial affairs of the Union.](https://reader036.fdocuments.in/reader036/viewer/2022062409/5697bfee1a28abf838cb9523/html5/thumbnails/19.jpg)
2014/15 has been one of our strongest years financially and our financial security continues to grow each year.
We aim to strengthen this position further in 2015/16 despite some ongoing financial challenges.
Any questions
UPSUFinancialReport