2004-2005

Accounts 2004-05

Overall in the year ended the 31st July 2005 the Union's turnover has increased by 3.0% to £3.5 million and the Union made a surplus in this year of £57,626.

The following is a summary from the UWESU Financial Statements 2004-05

The Union now has reserves of £452,928 of which £293,000 is specifically reserved for replacement and improvement of the capital assets of the Union.

The Union has sufficient cash reserves and positive current assets and is thus on a sound financial footing to meet the needs of its members in the future.

The breakdown of the accounts into Turnover, Income Contributions and Expenditure are shown in the pie charts.

The accounts were audited by Solomon Hare and they have agreed that the accounts give a true and fair view of the Union's affairs.

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