mehampton
Students,
union
roehampton
students,
union
ROEHAMPTON STUDENTS, UNION
A Company Limited by Guarantee
Registered company 07323081
Registered charity 1139857
TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS
FINANCIAL YEAR ENDED 31 JULY 2023

roehampton
students.
union
Contents
Reference and administrative details induding trustees and advisers...................................
Welcome...............................................................................................................................
Section A.. Structure, Govemance, and Management............................................................
A1.. Goveming t)o¢ument..................................................................................................
A2.. Members ofthe Union.................................................................................................
A3.. Board ofTrustees........................................................................................................
A4: Charity Govemance Code..........................................................................................
A5: G0veMan￿ Meetings.................................................................................................
A6.. Scheme of Delegation.................................................................................................
A7.. Role and Contribution of Volunteers............................................................................
A8.. Related Parties............................................................................................................
A9.. Objectives, Activities and Risk Management...............................................................
A10.. Public Benefit............................................................................................................
Section B: Trustees, Annual Report......................................................................................
B1: Our Strategy................................................................................................................
B2: Our Impact-Achievements and Perfomiance............................................................
B3: Our Impact- Key Highlights...................................................................................... 10
Section C.. Financial Review and Future Plarts....................................................................
C1.. Future Plans.....................................................
11
C2.. Principal Sources of Funding.................................................................................... 12
C3.. RemUnerati￿........................................................................................................... 12
C4: Pensions... .
12
C5: Reserves Policy........................................................................................................ 12
C6: Going con￿rn.......................................................................................................... 12
C7.. Fundraising................
13
C8.. Ststement of Trustees, Responsibiltties..................................................................... 13

Reference and administrative details
Tru•l•¢s
Amy Hopkins- President, Sabbatical Officer Trustee (appointed 1
July 2023}
Harrison Cohen - PresKlert Sabbatical Offiw Trustee (appointed
1 Juty 2022. resHJned 30 June 20231
Sharon Azams, Sabbatical Of[￿erTrusIee (appointed 1 July 20221
Lee Bird. Lay Trustee
Lynsey Cowlishaw, Student Trustee (appointed 21 February 2023}
Sasha Gokiborodko. StudentTrustee (appointed 21 Febnjary 20231
Mushtaq15mail, Sabbatical Offi￿r Trustee (resigned 30 June 20231
Laura Johnson, Sabbatical Officer Trustee {appointed 1 July 2023)
Siobhan Kelty. Lay Tnjstee
Rev. Nicholas Leggett, Lay Trustee (appointed 15 November 2022,
resigned 31 October 2023)
Lily Wells, Student Trustee (appointed 12 January 2023, resigned 21
FebDJary 20231
Eleanor ￿eal. Lay Trustee
Company reg￿tered
number
07323081
Charity registered
number
1139857
Reglstsr•d offl
2rsd Floor LaWrer￿ Buikling
Froebel College Roehampton UnNersity
Roehampton Lane L￿dOn
SW15 5PJ
Company secretary
Mark Gillespie- to 20 Juty 21Y23
Me9an Mann¥)n- from 20 July 2(r23
Chlof executive oftl¢er Mark GillespE- to Juty 2023
Michael Wgg linterim)- Juty 2023-
November 2023
Michael Bailey - from Novernber 2023
Inoependgnt audiiors
Goodman Jones LLP
Chartered Accountsnts 29130 Filzroy Square
London
W1T6LQ
Bank8rn
Barclays Bank UK PLC
83 Wandsworth High
Street London
SW18 2PR
Roehamplon Students, Union
Tw5tees Annual Rep)rt8nd Fupn¢ial Statmntslor the year entted 31 Juty 2023

Welcome
The Trustees present their Annual Report together with the audited finanaal stat8ments of
the Charity for the period 1 August 2022 to 31 July 2023 The Annual Report serves the
purposes of both a Trustees. Report arKI a Directors, Report under company law. The
Trustees Gonfimi that the Annual Report and financial ststements of the charitable company
comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice (SORP)
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting
Standard applicable in th8 UK and Repubtic of Ireland {FRS102) (effective 1 January 2019).
Since the Charty qualifies as small under section 382 of the CoMpan￿S Act 20C6, the
Strategic Report required of medium and large companies under the Companies Act 2006
(Strategi¢ ReFort and Directors, Report) Regulations 2013 has been omitted.
Section A: Structure, Governance, and Management
The University of Roehampton StLKlents' Union ("RSU°) is constttuted under the Education
Act 1994 and is a Company ￿mIted by Guarantee and not having a Share Capital. The
Universlty of Roehamplon ('Ihe University"} takes such steps as are reasonably practicab
to ensure that the Union operates fairfy and dem¢xratically and is accountsble for its
finan￿s.
A1: Governing Document
The Union is govemed by its Artides of Association dated 13 September 2018 which are
subject to the approval of the Board of Trustees and the Goveming Body of the University of
Roehampton.
A2: Members of the Union
Full members are defined as every student of the Universtty of Roehampton who have not
opted out by notfying the Universty of R￿haMpton or the Union of their wish to not be a
member of the Union., and the Sabbatical offi￿rS of the Union.
Full members of the Union are entrtled to access all sep41￿$ of the Union and run in
elections of the Union, provided they adhere to the Members. CcNJe of CoThJuct.
The Company Law members are the fijll rn￿bers as OLrtlined in the Artides of Association.
The liability of each Company Law Member is limited to £1, being the amount that each
Company Law Member undertakes to contribute to the assets of the Union in the event of its
being wound up while they are a Company Law Member or within one year after they cease
to be a Company Law Member.
A3: Board of Trustees
The Union's Board of Trustees has the uttimate responsibility for directing the affairs of the
Union to ensure it is solvent, well-governed, and run followng its Artides. applicable laws
and regulations.
The Board is responsible for approving annual budgets and ensuring the effective use of
resources. The Board also approves the strategic direction of the organisation and monitors
progress against organisational priorities and associated plans.
Roehampton Students. Union
T￿L￿esAn￿￿oI RewytarKI Fu￿ncl81 Stthm2ntsfor the year ended 31 Juty 2￿23

Besides this, the Board considers core strategic and business risks which are consolidated
into the risk register vAiich is ￿vieWed at least quarterly. Mitigation strategies are in place to
minimise the impact of risk to the organisation arKI include the implementation of policies
and Pro￿dureS relating to financial management and health and safety. All policies and
procedufes are periodically reviewed to ensure tsy are compliant and m*t the needs of
the organi5ation.
To these ends, the Board of Twstees may veto, overturn or retum to the originating body for
consideration the deusion of any Union Offi￿r, committee, meeting, or employees which
would either prejudice the legal. financial, or charitable objectives of the Union or affect the
Trustees ability to discharge any of their responsibilities refe￿ed to in the Union's articles.
The Board of Trustees is Chaired by the elected President of the Union (Officer Trustee) and
is made up of the following persons as specFfied in the Articles..
Not more than four Offi￿[ Trustees
Not more than three Student Trustees
Not MO￿ than four Lay Trustees.
OffI￿r Trustees work fvll-time for the Union atongside their duties as trustees and receive
remuneration to reflect this. Officer Trustees may serve up to two t6ms of one year as set
out in the Education Act 1994. Student Trustees a￿ either elected or apFointed by the
membership but are not employed by the Union and as such are not remunerated, but may
claim legitimate expenses, and they are eligible to serve Iwo tems of two years. Lay
Trustees a￿ appointed via an open recrurtment process and serv8 a four-year term of office
and can be reappointed for a further tenn subjed to Board of Trustees approval. Lay
Trustees may claim legitimate expenses.
All trustees undergo a predefined induction program which is supp￿rnented with relevarrt
training for their role. Further training is offered during their trusteeship.
A4: Charty Goveman¢e Cod•
The Union is best pla￿d to achieve its ambitions if it has effective goveman¢e, the right
leadership structures, and skilled and capable staff and trustees. Good governan￿ also
supports the Union's compliance with relevarrt legislation and regulation and promotes a
culture Whe￿ everything works towards fulfilling the Chartty's vision.
Th• Chgrity Goveman¢o Codè ha8 been dcveloKtd by a 3teering group, wrth the help OT
over 200 chartties, and is endorsed and recommended by the Charities Commission. The
Code aims to help charthes and their tNstees develop high standards of govemance and is
intended as a practical tool to help trustees achieve this, and as a tool for continuous
improvement towards the highest stsndards.
The Board is committed to alignment with the CC*Je and enhancing rts performance against
the Code on an annual basis.
AS: Governance Meetlngs
Annual Mem
Meetin
The Union holds an annual Student Members. meeting once in each academic year which
shall be called and held in accordance wtth the Bye-Laws. The annual Studerrt Members,
meeting shall te held at such time and place as the Trustees shall think suitable to allow the
maximum number of Student Members to attend. For the avoldan￿ of doubt, this meeting
shall not be a general meeting of the Union for the purposes of the Companies Act.
Roehampton StLwJ8nts' LJnbJn
Annual RepJrt aTrJ FknarKial sia¢wThntsfor the Yearen￿ 31 Juty 2023

The Annual Members, Meeting provides an opportunty for the members and partners of the
Union to receive copies of the Union's accounts, review information about the Union's
activities for the past year and ask any questions about the direction of the Union for the
future.
The purpose of the Union Council meetings is to act as a foNm for student members to
Gome together to discuss matters of student representation, policy posriions and make
decisions as outlined in the bylaws of the Union. The Council is open to all full members of
the Union but has a quorum speryfied within the bylaws.
Executive Ccffimtttee
Executive Committee is a regular meeting of the Execuiive Officers (Offlcer Twste8S
and other part time officers outlined in the Bye-Laws) outside of Board meetings and is
recognised fomial sukxommittee of the Board. The purpose and g0veman￿ arr8ngement8
of the Executive Committee are S￿￿fied within the bylaws.
A6: Schame of Delogation
r Leade
The senior leadership team committee alms to provide scrutiny and monitoring of th8
operational delivery of th8 Strategic plan, the operational plan, and delivery of Ihe Board's
priorities and facilitate the day-t(Hlay management of the Charity. Its purpose is to 8nsure
sufficient discussion and monitoring for the Charity to function and continually develop and
improve its performano.
Ima
The Union employ8 a Chief Executs've officer (CEO) who has delegated responsibilty for the
day-t¢>day runnlng of the organisation. The CEO sits on the Board of Trustees but has no
voting rights.
Two senior managers report to the CEO to aid 8uch delegated re8ponsibiltties:
The Head of Events arKI Marketing is responsible for the organi8ation'8
communications and marketing approach alongside the event delivery function8 of
the organisation.
The Head of Membership serrf1￿ is responsible for the representation, democratlc
events advice seNic88 and student activities dellv8red and facilitated by the
organisation.
A7: Rola and Contribution of Voluntsorn
The Union benefits from the contribution of many volunteers vtho fulfil key unpaid roles in the
organisation inGluding but not limited to extemal and student trustees, stud8nt offi￿rS,
programme, and sch¢)ol ￿ presentatives. The Union works to implement best practices
concerning induction, training, and ongoing Supp￿ wrth is Outlined withln the volunteerfs
management policy.
Roeh¥npton Studert%' UnKsn
Trusteos Amnu81 RetK4tand &aL￿￿n￿ for year ènded 31 Juty 2023

A8: Related Parties
Universi
of Roeham ton
The Edu¢ation Act 1994 requires that the financial affairs of the Union are properly
conducted and that appropriate arrangement should exist for the approval of ihe Union
budget and the monrtoring of its expenditure by the Board of Governors. The relationship
between the Universty and the Union is outlined ￿￿thin the Act and is further enhanced by a
jointly signed services agreement,
The Union receives an annual bloth grant from the Universty of £612,000 (2022.. £607,500)
alongside the provision of beneffts in kind. Such beneffts outlined above are contained within
the financial statements arKI are cU￿entlY valued at £50.400 (2022: £50,4Crf)).
The Union is dependent on the Universws financial and n0n-finan￿a1 support. Th8 Union
has no reason to believe this support or equivalent support will be wtthdrawn in tr
foreseeable future.
The National Union of Students
The Union is an affiliated member of the National Union of Students (NUS) and paid
membership contribution of £15.947in the current financial year {2022.' £15,188}. The Ix)ard
satisfy the guidance requirements issued by the charity commission in awarding such a
grant to a nationally recognised charity.
A9: Objèctives, Activities and Rlsk PAanagemont
Mana
ment prO￿sS
The Trustee Board has examined the main strategic business and operational risks faced by
the Union. A risk register has b8en established and is f¢xmally reviewed and updated at least
quarterfy. Where appropriate systems and procedures have been established to mitigate the
risks that the Union faces and these are periodically reviewed to ensure that they continue to
meet the needs of the Union.
Risks
The key risks that V￿re id8ntffied for the 2022r2023 finanaal year were as follows..
Risk
Miti
ation in PlacelDevelo
Block grant Inc￿aSe set lower than
ment
University scale increases placing pressure
CEO monitors expenditure and bids for
on sustainability of Servi￿$.
add￿Onal contribution funding from th8
Universty to cover shortfall in budget i
resource available.
CEO and Universtty Director of Finan
developing a five-year financial strategy to
address deficit, reserves, income
generation, pay benchmarking, cash
mana
ement and ca
ital ex
nditure.
Cost controls applied across all budgets,
freez8 non-essential vacancies and a
Financial Strategy developed in 22123 will
supFort future planning and budget
forecastin
income generating functions resumed in
2021122 and are full
rational.
RSU fails to meet its financial plan targets
for reserves.
RSU sees large increases in costs that are
largely unGorrtrollable (inflation).
Ongoing Financial impad of COV]D-19
Commercial Income & Ex enditure .
Rceharrwtoo Students. Union
Trnst*s Annual R4K)rt Fts)anoal Ststvnents for the yaar ond•J 31 July 2023

Expenditure Controls apFlied to events
oduction and vacanc
freezes in
lace.
Staff working groups estsblished to listen
and refiect employee voice on matters
relating to EDI, Environmental
Sustainabil"
and Cost of Lwin
HR polies and staff handbook exist and will
be reviewed with extemal consultancy
support in 2022123 to align with best
ra¢tice
Pay tenchmarking exercise as part of a
financial stralegy to assess sustainable pay
scales and growth
Cost of Living impacts rwatively impads
staff morale, retention and recruitmert
Human R8sources and staff management
and development practices are not fft for
purpose.
Pay structures and current scales are no
longer appropriate. risk bad feeling
amongst staff or unmanageable Gost
increases.
Peopl&related conftict and grievances are
aired publicly which are defamatory to the
RSU.
Sabbattcal offi￿[5 undergo
comprehensive induction. training, and
support programme, are supported by CEO
wtth fortnightly 1-1 s and 3-1 meetings. HR
policies are outlined to ensure such matters
are handled within scope of due process
and with extemal consultancy support as
required. HR policy review in 22123 will
strèn
hen RSU'S
rO￿dural a
roach.
CEO and officers to monitor ongoing
position NUS has in relation to ontral
govemment and utilise regional nelworks
as communtiies of practice and for national
develo
ment.
SLT conductir@ a review of Summer Ball
and commercial events programme in
22123.
Failure or decline in NUS, its politics and
opèrations, endangers RSU'S interests.
Everrts, including Fresherfs and Summer
Ba51 is cancelled or misses its income target
asi
nificant amount.
A10: Publlc Benefft
The Truslees consider this matter, in conjunction with the guidance contained in the Charity
Commission's general guidan￿ on public benefit. As a registered charity RSU supports and
works with circa 13,000 students who register to study at the Universty of Roehampton and
all of whom Can directly benefrt from the work of the Union. In planning our work, we test that
the strategy and the primary goal of all our adivities are linked to our core airns and
therefore are for the direct benefft of our member students.
The Truste8s confim Upt they have complied with the duty in section 4 of the 2006 Charities
Act to have due re9ard to guidance publ￿hed by the Chartty Commission regarding Public
Benefrt.
Charitable Ob'ects
The objects of the Union are the advancement of the education of students at the Universty
of Roehampton for the publi¢ benefft by:
1. Promoting the interests and wetfare of studènts at the University of Roehampton
during their course of study and representing, supporting. and advising students.
2. Being the recognised representative Channel between students and R￿haMpton
University and any other exlemal bodies.
3. Providing social, cu￿Ural, sporting, and recreational activities and forums for
disGussions and debate for the personal development of rts students.
Roehaftwon Stud•nts' Unlon
Tn*885 Annual RW and Fmanci•l Stat￿ts fortP* yearended 31 Juty 2023

Section B: Trustees, Annual Report
B1: Our Stratsgy
2022123 is the first full year of our new strategy. We have set some ambitious objectives that
are challenging and powered by our values. We are inspired by our student officers, leaders,
and volunteers and have a passion for student representation, empowemient, inclusivity,
and support. We telieve that by meeting these objectives, students will benefit and be
thriving in the very best university experieno at Roehampton.
Our Mission
The mission of the RSU is to represent. support, and develop students from all backgrounds
at Roehampton and enable them to have the best possible university experien￿.
Our Vlsion
The vision of RSU is to (xeate a truly indusive communty and an environment where
students at Roehampton can thrive.
Our Values
The values of RSU are:
Approachable: To be student facing and support students, Whe￿Ver they are.
Empowering.. To provide students with the means to shape and ovm their experience.
Representative.. To anchor a true reflection of Roehampton students in our deeAsions
and actions.
In¢lusive.' To recognise peop18 and their perspectrves, and to pursue equal
opportunities for everybody.
Passionate.. To care about what we do and show rt through action.
Fun: To be in the moment and savour it together.
Stratsgic Priorities
1. Stud&nt Voice." RSU will effectively communicate the needs of students from all
backgrounds to challenge the university to deliver an outstanding student 8xperience.
2. Student Developm8nl and G(FCreation.' Studerrts will have access to high-qualify
opportunitr?s which build Gonr￿ence and Iruly aod value to their universty
experience.
3. InGIusivty and Belonging.. RSU facilitates a sense of telonging across the university
and empowers students to be socially responsible and conscientious Gitiz6ns.
4. Supporting Students.. RSU will provide effective and ac￿Ssible services for students,
and work in partnership with the university to ensure support is available when and
where students need it.
Core Foundatlons
1. Operat￿S & People: Our systems, processes and Pro￿dureS will be a¢￿SSIble and
easy to use by everybody. We will seek and adopt best practice to ensure what we
do is relevant, relatable to students, and effective. We wll commit to support, nurture,
and develop our people to help them reach their potential.
2. A Responsiblè Students, Union.. The systems that support our govemance will be
robust, transparent. and enable effective decision making by our twstees. We are
committed to environmental, socAal, and financial sustainability and will embed policy
and procedures to preserve these commitinents. We will communicate with students
Rr*hampton st￿lent5. Uftion
T14th88 Annual Rek*)rt and Fmarwl SlatW￿ forthe yèarended 31 2023

proactively to keep them infomed, honestly, and with factually a¢curate infomation
when reporting our impact.
3. Relationships.. We will implement and build on a r￿ relationship and services
agreement vrith the university. Develop partnerships at all levels across the university
to incr6ase our reach and awareness of our mission. We will engage our local and
wider community to share our impact and seek opportunities for students.
B2: Our Impact- Achlovoments and Perfomian¢e
en
Focus:
202212023 KPI:
202212023
ctual:
0%
arfance:
Student reps feel empowered to make
chan
students recognise RSU having an
act
External democracy review
Contested election positions
oler turnout
RSU NSS score
ompleted
ompleted
34010
ne
op Quartile
Bottom Quartile
ree
nl
Focu8:
202212023 KPI:
202212023
ctual:
5%
orlan￿.
Involved students feel they have th•
skills needed
olunteer management plan
raduate employment premium
Students feel training increases
confidencelskills
50%
ompleted
ompleted
9%
one
90/0
30
Inclusiv
an
Focus:
202212023 KPI:
2212023
ctual:
59%
12%
arfancg:
Feeling of belonging
Involvement In student groups (none
auto enroll)
wareness of RSU sustainabilty
sition
RSU spaces are safe, fun, and
indusive
1%
10%
9%
9Yo
78%
38010
ortin
Stude
Focus:
202212023 KPI:
02212023
ctual:
ompleted
arianco:
dvi￿ CMS system implemented
Completed
or
Roeharrwon SttJd8nts' Union
Tntstee5 Amnual Repjrt 8rKI Financial Statwnents forthe yearended 31 Juty 2023

University data transfer accurate
dvice Cent￿ accreditation
ompleted
hieved
ompleted
Near
Completion
None
light
RSU is highly visible, approachable,
nd helpful
RSU impact on student experience
60%
50%
40
B3: Our Impact- Key Highlights
rea of Operation
cademic
Representation
chievements
268 programme reps recwrtedlsupported.
97 programme Reps completed provided training.
7 School reps recwited, trained and supported.
6 School rep forums held.
57 candidates.
21 FA)sitions were filled. with 10 being contested.
8% student parti￿patiOn.
No fomal Gomplaints received.
24 events delivered.
11,010 student member website activations.
Overall 6,673 attendees at events.
6.559 social media followers.
70 unique volunteers engaged.
1241 volunteering hours delivered.
490kg of food producedf796 eggs laid on campus.
780k
reduction in C02 due on campus production.
Helped students build connectionslsupportèd.
Helped students get the most out of their degree.
Put money back in students, pockets.
Ensured students were infom)ed and updated.
339 unique student re￿Iving advice.
93 additional advice enquires received.
Social policy support provided to officers.
Extemal service accreditation near completion.
34 active stu(fenl le(1 groups.
9,937 total members including academic groups.
126 committee memtefs SUPPOrted and trained.
Minimum of bmo a¢tivtlieslevents per grtyjp.
8 studerrt council meetings facilitated.
1 student executive ￿mmIttee meeting fa¢ilrtated.
8 policy proposals submitted16 passed.
27 part time ¢)fficèrs supported.
Elections
Engagement
Growhampton
Sabbatical Offitsr
Ins
Student Advi
Studant Groups
Student Voice
10
Ro8hampkn Students, Un￿)
Tntstse5 Anftual R8pM and FinarKyol &at*n8ftts for the y8arended 31 Juty 2023

Section C: Financial Review and Future Plans
C1: Future Plans
In addition to financial suitabilty, comprehensive service review and and culture
enhancements the Union's priorities over th8 202312024 financial year as follows.
RSUS
han
irations
piratlon
Members can find th￿r place though
RSU
Key Perfornlance Moa8uro
5% of members engage with RSU
Completion
une 2024
Improved accessibillty and reduced
act of time
ove
Members can deliver change through
RSU
10% improvem8nt in the RSU big
uprfe
% of members feel they can make
an
e throu
hRSU
une 2024
une 2024
Key Outcomes to D•llv•r Change Asplrntlons
nfin
th
lace
utcome
he digitisation of RSU 8ep4ices
Key P•rf0m1an￿ Measurn
0% satisfacts'on with RSU digital
ervices
O active Student groups
1000 un￿ue member engagement
omplatlon
June 2024
Development of student groups
Celebrating and reviewing communty
activities
February 2024
May 2024
ved
utcome
Rewarding the time and dedication of
members who lead
Securing a modernlhybrbd leaming
roach for members
reation of multi purposes Spaces on
cam
us
Key Porfornianco Measur•
% of volunteers achieve
olunteerin
award
University pledge 750A of das8rooms
ill have h brid abil-
Every srte to have at least one space
Compl8tlon
May 2024
March 2024
une 2024
hro
hRSU
utcome
embers engage in the local and
national elections
Democracy review recommendations
implemented
Community organising model
lemented for campaignin
Key P•rfomian¢e Measure
Ooh of members eligible members
istered to vote
11 recommendations approved and
lemented
Nine active liberation networks
stablished and aGtive
omplotlon
pril 2024
ay 2024
March 2024
Roehampton Stw18nts' Unknn
T0J￿ees AmnLk41 Re[￿ and FinwKlal Statwnent8for the year ended 31 July 2023

C2.. Principal Sources of Funding
The principal source of fijnding was the block grant from the Universty of Roehampton of
£612,000 (2022.. £607,500).
Total income was £1,038.602 (2022.. £994,489) and expe￿iture was £1,153.694 (2022..
£1,082.126).
Income from charrtable activities, exduding ctubs and societies restricted funds, wa5
£295,038 (2022.. £285,047).
Benefits in kind received by the University were valued at £50,400 (2022.. £50.400).
The Union received restricted grants totalling £62.223 (2022: £67,878).
This resutted in a net deficit at the balance sheet date on unrestrlcaed reserves of £588,192
(2022- £475,690).
The deficit was a resu￿ of Underperforman￿ of events £99,653 (2022 £93,817) and the Hive
Café £26,461 (2022 £22.691), and the trustees recognise the need for a fundamental review
of such operations which has been actioned during the 202312024 financial year.
C3: Remuneration
Staff salaries and rewards are set by the board. The salaries are set by benchmarking
against other SU roles. allowing for a LorKlon wewhting. The salaries are approved as part
of the budget apwoval pr￿ss.
In place of the Union holding its pay review consultation and prO￿S$, it makes a cost4)f-
living in¢rease in line with that agreed upon by the Universty for their staff team and
provision made within the block grant settlement.
The CEO salary is deeAded upon by the Trustee Board and any changes (other than the
standard Gosl of living rise applied to all staff salaries) are explicrtly discussed and approved
by the Trustee Board.
C4: Pensions
The Union automatieglty onrol$ amployees that meet age an(1 pay thresholds onto the
People's Partnership scheme wrth an employer contribution of 10%. Employer Contributions
to the scheme totalled £33,345 {2022." £29.579).
C5: Reserves Pollcy
As a resutt of the deficit made during the year, the Union's reserves continue to be in deficit
at £560,112 {2022'. £450,420). The University has given the Union assurance of ongoing
funding to operate alongside a long4enn agreement on the ￿paYment of amounts due from
the Union to them. The ￿Jard it taking active measures to address the financial p8rfomian¢e
of the Union to ensure it is sustainable moving foThvard.
C6." Going Concem
The Union is reliant upon ongoing finanual support from the Universty and the Trustees
have received sufficient ￿assuran￿ from the Univ8rsty that such fijnding will Continue at an
adequate level for the Union to continue to operate. The Trustees have a reasonable
expectation that the Union has adequate resources to continue. For this reason. the
Trustees continue to adopt the going concem basis in preparing the accounts.
12
Rceharn￿ Studerts. Vnbj
TFwt8es Annual Re￿rt 8Tr3 FinarKial StaternMtsfor the ye2r enr18d 31 Juty 2023

C7: Fundralslng
The Union does not seek donations from the public arKI did not use any professional
fundraisers during the reporting year, nor has it sNJned up to any voluntary codes of conduct
regarding fundraising. No complaints were received by the Union during the year regarding
its fundraising practices. The Union makes use of its extsting safeguarding policies when
raising funds.
C8: Statement of Trustees. Rosponsibiliti
The Trustees (who are also the directors of the Chartty for the wrposes of company law) are
responsible for preparing the Trustees. Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally
Accepted Accountin9 Practi￿).
Company law requires the Truste88 to prepare financial statements for each financial year.
Under company law. the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the Charty and of its
incoming resources and application of resources, including its income and expenditure, for
that period. In preparing these financial ststements. ts Trustees are required to:
1) Select surtable accounting policies and then appty them consistently.
2) Observe the methods and principles of the charit￿8 SORP (FRS 102).
3) Make judgments and accounting estimates that a￿ reasonable and prudent.
4) State whether applicable UK Accounting Standards (FRS 102) have been
followed. subject to any material departures disclosed and explained in the
financial statements.
5) Prepare the financial statements on the going concem basis unkss it is
inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the Charity's transactions and disclose with reasonable accuracy at any
tim8 Ihe financial position of the Charity and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
C9: DlsGlosure of infom)ation to audltOTS
Each of the persons who are Truste88 at the ts.me when this Trustees, Report is approved
has corfimied that".
So far as that Trustee is aware, there is no relevant audit infonnation of which the
Charity's auditors are unaware, and.
That Trustee has taken all the steps that ought to have been taken as a Trustee in
order to be aware of any relevant audit infomation and to èstablish that the charity's
auditors are aware of that information.
Auditor3
The auditors, Goodman Jones LLP. have indicated their willingness to continue in office. The
designated Trustees wll propose a motion reappointing the auditors at a meeting of the
Trustees.
Reehafr4ton Students, Union
Tru* Annual ReF￿rt Financial Stotenwnts lorthè ￿0t ended 31 Juty 2023
13

Approved by order of the members of the board of Trustees and sigrEd on their behatf by:
Amy Hopklns
Pre8ldent
14
Roetk9mpton Sithnts, Unlr*)
TnJst*sAnnual Report4ThI Flrtan￿ SXat&rths for the year*ndgJ 31 Juty 2023

ROEHAMPTON STUDENTS. UNION
IA Company Llmlted by Guarnntse)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ROEHAMPTON STUDENTS. UNION
Oplnlon
We have audited the financial stalements of Roehampton Students, Unlon (the 'charilab18 companv) for th8
year ended 31 July 2023 which comprise the Statemenl of Financial Activities, the Ba5ance Sh8e[ the
Statement ol Cash Fbws and the related notes, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and Unsted Kingdom
Accounting Standards, including Financial Rewrting Standard 102 'The Financial Rewrting Standard
applicable in the UK and Republ￿ ol I￿land, {Unrted lQngdom Generally Accepted Accountin9 Practu).
In our opinion the financlal Statements..
give a true and fair view of the state of the chanlable companls affairs as at 31 Juty 2023 and of its
incoming resources application of resources, including its income and expenditure for the year then
eni5ed,'
have téen proprty prepared in ac£ordanc8 Wth United lfjngdom Génerally Accepted A¢￿UntIng
Practice., and
have been prépared in accordance wfth the requirements of tho Companios Act 2006 and the Charities
A¢t2011.
Ba818 for oplnlon
We conducted our audtt in aco)rdance Intemational Stsndard8 on Audi￿ng IUKI {ISA$ IUK}l and applicable
law. Our responsibilities under those stsndards are fvrther described in the Auditors, responsibilities for the audit
of the financial ststemenls section of our repJrL We are indepèndent of the charitable company in accordance
with the ethical requlrements that are relevant to our audit of the financial ststements in th8 United Kingdom,
including the Financial Reports"ng Council's Ethical Stsndard. and we have fulfilled our other elhical
responsibiliknes in accordan¢e with these requirements. We believ8 that the audit ev￿enCe we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclu•lon r•l•tod to golng con¢•rn
In auditsng the financial ststements, we have concluded that the Truste08' use of the going concem basis of
accounting in the preparation of the financial stalements is appropriate.
Based on the work we have performed, we have not Kjentffled any material uncertainties relating to events or
conditKsn$ that, individualty cff colthtively. may cast Sl9nrficant doubt on the charitable companys ability to
continue as a going concem for a peri(NJ of at least ￿1ve months fr￿ when the financial stslements are
authorised for issue.
Our respongibilibes and the responsibilities of the Trustees Vlth resFrft to going Con￿rn are described in the
relevant seclons of this report
Page 15

ROEHAMPTON STUDENTS. UNION
(A Company Limlted by Guardntee)
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF ROEHAMPTON STUDEKfs' UNION
(CONTINUED)
Other infomiation
The other infomation comprises the informatf.on included in the Annual Report other than the financial
statements and our Auditors. ReFQrt therwn. The Trustees are responsible for the other information contained
thin the Annual Report. Our opinion on the finanaal statements does not cover the other information and,
except to the extent otherwise explicruy stated in our rerxsrt. we do not express any fom of assurance
conclusion thereon. Our responsibilty to read the other information and, in doing so, Consider whether the
other information is materially inconsistent the financial statements or our knowledge obtained in the course
of the audit, or othe￿ise appears to be materialty misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to dete￿ine whelhei this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have perfomie(J, we conclude
that there is a material misstslement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Matters on which we arn required to report by ex¢option
We have nothing to report in resFect of the follow7ng rnatter5 where the Charibes (A￿nts and Reports)
Regulations 2008 requires us to report to you rf. in oijr opinion."
the information gN8n in the Trustees. Report is 1nwnS￿ent in any material respect with the financial
statements", or
sufficient accounting records have not been kept or
the financial slatemellts are not in agremenl wrth the accounting records and relums.. or
we have not r￿￿ed all the information and exF4anations we require for our audit
Responsibilities of t￿￿tee8
As explained more fulty in the Trustees. ResFonsibilibes StatemenL the Trustees (who are also the directors ol
the chantable compar*y for tho purp￿8 of compony lawl are responsiDle tor me preparation of the financial
statements and for being satisfied that they gwe a true and fair view, and for such internal ￿ntrol as the
Tnjstees determine is ne¢e5sary lo enable the preparation ot finanaal statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial statemenls, Ihe Trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable. matters related to going concem and using the
going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to
cease operations, or have no realisb"c attemative but to do so.
Page 16

ROEHAMPTON STUDENTS. UNION
IA Cornpany Llmited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ROEHAMPTON STUDENTS. UNION
{CONTINUEDI
Auditors. responslbilities lor the audit of the financial statements
We have tseen appointed as auditor under section 144 of the Charibes Act 2011 and retx)rt in accordance wrth
the Act and retevant regulat￿n$ made or having effect thereunder.
Our objectives are to obtain wsonable assurance about whether the financial ststements as a whole are free
from material rnisstatemenL whether du8 to fraud or emr, and to issue an Auditors. Report that includes our
opinion. Reasonable assurance is a h￿h level of assuran￿, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) ￿11 a￿ayS detect a material misststement when it exists. Misststements can arise
from fraud or error and are considered material rf. indNKlualty or in the aggregate, they could reasonably be
expected to inffluen￿ the econom￿ decisions of usefs taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance vrith laws and regulations. We design
procedures in line with our ￿pOnsIbl1rties, ouoined at￿Ve, to detect material misststements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irrwJularf(ies,
including fraud is detsiled bel(M.
Based on our under5tsnding of the company and industy. we identified that the principal risks of non-
compliance with laws and regulations rdated to industry sector regulations and unethical and prohibited
business practices, and we considered the extent to whth noncomplian￿ might have a material effect on the
financol ststements. We also considered those laws and regulations that have a direct impact on the
preparation of the financBI statements such as the Companies Act 2006. Charities Act 2011, Charity
Commission and sector regulations, and UK Tax Legislation. We evaluated management's incentives and
opportunities for fraudulent manipulation of the financial statemenls (including the risk of override of controls).
Appropriate audit procedures in response to these risks were carried. These procedures included..
Discussions with management, including ¢ons¥Jeration of krthvn or SUSFe¢ted instances of non-compliance
with laws and regulabon and fraud".
Reading minutes of meetings of those charged with govemance,.
Obtaining and reading correswndence from leg￿ and regulatory bodies including HMRC..
Identifying and testing joumal entries..
Challenging assumptions and judgements made by management in their significant accounting estimates.
We also communicated ￿levant identified laws and regulation5 and Fthntial fraud risks to all engagement
team members., and remalned alert to any indicaknons of fraud or non-compliance with laws and regulations
throughout the audit.
There are inherent limitations in the audit Pr￿edureS described above and the further removed non-complianee
with laws and r￿ulationS is from the events and transactions reflected in the financk41 statements, the less likely
we would become aware of it. Also, the risk of not detecting a material misstaternent due to fraLsd is higher than
the risk of not detecting one resU￿'ng from error. as fraud may involve deliberate concealment by, for example,
forgery or intentional misrepresentations, or through collusion.
A further deSCript￿n of our responsibil￿e$ for the audii of the financial statements is located on the Financial
Reporting Council's website at.. www.
.or
.ukJauditorsres
nsibilib"es. This descripts.on fomis part of our
AuditOTS' ReporL
Page 17

ROEHAMPTON STUDEPKS. UNION
{A Company Limlted by Guarante•)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ROEHAMPTON STUDENTS. UNION
ICONTINUEDI
Use of our report
This report is made so181y to the Charitab￿ cx)mpanYs trustees. as a body, in accordance with Part 4 of the
Charrlies lAC￿nts and Reports} Regulations 2008. Our audit work has been undertaken so that we might state
to the charitable company's trustees those matters we are required to state to them in an Auditors, Report and
for no other purpose. To the fullest extent pemrtted by law. we do not a￿p1 or assume responsibility lo
anyone other than the charitable company and its members, as a body, for our audit work, for this reporL or for
the opinions we have formed.
Goodman Jone8 LLP
Chartered Accountants
29130 Frtzroy Square
London
W1T6LQ
D81e.'
Goodman Jones LLP are eligibie to act as auditor5 in temis of sectron 1212 of the Companies Act 2006.
Page 18

ROEHAMPTON STUDENTS. UNION
(A Company Llmited by Guarant•ol
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2023
Unrnstrlcted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Not•
Incorno from:
Donations and legacEs
Charitable activities
Other trading activities
Investments
600,357
295,038
$6,356
136
62,223
24.492
662,580
319,$30
56,356
136
675. 778
311,447
7,248
16
Totsl Income
951,887
86,715
1,038,602
994,489
Expenditure on:
Charitable activsbes
1,064,389
89,305
1.153,694
1,082,126
Total expendlturn
1,064.389
89.305
1.153,694
1,082,126
Net movement In funds
(112,502)
12.5901
1115,092}
(87,637)
Reconciliation of fund$:
Total funds brought forward
Net movement in fvnds
1475.6901
{112,502)
25,270
{2,590)
1450,420)
1115.0921
(362, 783)
(87,637)
Totsl funds caffitd forwanl
($88,192)
22,680
1565,5121
(450,420)
The Ststement of Financsal Acb"vibes includes all gains and losses recognised in the year.
The notes on pages 23 to 38 fomi part of these financial slatements.
Page 19

ROEHAMPTON STUDENTS. UNION
(A Cornpany Llrnited by Guarantee
REGISTERED NUMBER: 07323081
BALANCE SHEET
AS AT 31 JULY 2023
Note
2023
2022
Flxed assets
Tangible assets
12
16.599
22,977
Current assets
Stocks
Debtors
Cash at bank and in hand
16,599
22.977
13
14
1,069
43A25
188.929
15.201
75.164
233.423
Creditors.. amounts falling due wrthin one
year
90,365
15
{815.534
(563. 762)
Net current liabiliU8s
(582,111)
(473,397)
Total assets less cuttent liabiliti06
(565.512
(450,420)
Net liabllities excluding penslon asset
Total net assots
1565,$12}
(450,420)
1565,5121
(450.420)
Charlty funds
Restricted funds
Unrestricted funds
16
16
25,3TO
(475.690)
1588.192
Total fund8
1565,512}
(459.420)
Page 20

ROEHAMPTON STUDENTS. UNION
IA Company Llmited by Guarnntse}
REGISTERED NUMBER: 07323081
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023
The entity was entiued to exempts.on from audit under sectffi 477 of the Companies Act 2006.
The members have not required the entity to obtsin an audit for the year in question in accordance with sectlon
476 of the Companies Act 20Cé.
However, an audit 1$ required In accordance with section 144 of the Charfles Act 2011.
The Trustees aeknowledge their responsibilities for comptying wlth the requirements of the Act with respect to
accounting records and preparation of financh?I statements.
The financial statements have been prepared in accordance with th8 provisions applicable to entltles subject to
the small companies regime.
The financlal ststements were approved and aLrthori8•J for issue by th8 Trusteès and signed on their behalf by.
Amy Hopkln•
President
Date.oty lo11￿11+
The notes on pages 23 to 38 fom part of these flnarthl statements.
Page 21

ROEHAMPTON STUDEpifs' UNION
(A Company Limlt•d by Guarantse)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2023
2023
2022
Cash flows fmm operating actlvitles
Net cash used in operating ath"vtties
115,584
(67,232)
Cash flows from invostlng activltr
Interest
Purchase of tangible r￿ed assets
136
(1,955)
16
(18, 821)
Net cash used In investlng oetivlties
11.819)
118,805)
Cash flows from flnancing actlvitie6
Nat ca8h provid&d by financlng activitl•s
Change in cash and Cash equivahnts in tho year
Cash and cash equNalents at the beginning of the year
113,765
75.164
(80,0371
155,201
Cash and cash equivalents at the end of the y&ir
188,929
75,164
The notes on pages 23 10 38 form part of these fir￿n¢la1 statements
Page 22

ROEHAMPTON STUDENTS. UNION
IA Company Limited by Guarantse
NOTES TO THE FINANCIAL STATEME1￿$
FOR THE YEAR ENDED 31 JULY 2023
G8n•ral infomialion
Roehamptr)n Students, Union is a registered charity and a o)mpany limited by guarantee incorporated in
England and Wales. The registered Offi￿ is Lawrence Building Froebel College, Roehampton Universrty,
Roehampton Lane, Roehampton, London SW15 5PJ. The Charitys objects are the advancement of the
education and promotion of the welfare and interests of students at Roehampton Universty.
Accounting pollcies
2.1 Basb of preparation of finan¢lal statements
The financial ststements have ￿en prepared in accordance wth the Charits'es SORP IFRS 1021-
Accounting and Reporb"ng by Charitses: Statement of Recommended Practice applioable lo charities
preparing their accounts in accordan￿ with the Financial Rewrting Standard applicable in the UK
and Republic of Ireland IFRS 1021 {effective 1 January 20191. the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006
Roehampton Students. Union meets the definitson of a public benefit entity under FRS 102. Assets
and liabilities are inity.alty recognised at histo￿1 cost or transaction value unless otherwise stated in
the relevant aCc￿untIng poliy.
These financwl ststements ar8 presenb# in steding. the functional currency of the Charty, and
rounded to the nearest £.
2.2 Company status
The Charity is a company limited by guarantee. In the event of the Charity being wound up, the
liability in reSp￿t of the guarantee is limited to £1 per membef of the Charity.
2.3 Golng concem
The Charty has a net liabilrties p0S￿On as a result of a loan from the University and thus is reliant
upon financial support, in the fom of the block and other grants and donated seryices, provided by
the Universty to fund its activrties. The 2023124 block grant from the Univers"ty has been agreed and
there a￿ no indicatsons that funding and ongoing support will not continue to be provided as the
University has given the Union assurance that such fvnding bvill contsnue at an adequate level for the
Union to continue to OF*rale at current levels.
The TTUStees have reviewed the level of expenditure and have reduced costs where possible and
appropriate. and wll cnntsnue to do so. The Trustees have prepared budgets and ft)recasts, and
continue to revise these as further information becomes available.
After making the appropriate enquires. the Trustees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for thè foreseeable fLrture and consider
that Ihere is no mateTial Un￿rtaInty regarding the Charity's ability to conb.nue as a going concern.
For this reason they continue to adopt the going concern basis in preparing the accounts.
Page 23

ROEHAMPTON STUDENTS. UNION
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Accounting policies (contlnuedl
2A Fund accountlng
General fvnds are unrestrKAed fvnds vthich are available tor use at the discrekn'on of the Trustees in
fvrtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted fvnds are fiJnds which are to used in accordance with specrfic restrictions imposed by
donors or which have been raised by the Charity for parbcular purp)ses. The costs of raising and
administering such funds are charged against the specrfic fund. The aim and use of each reslricled
fund 1$ set out in the notes to the financial ststsments.
2A Income
AJI income is reccgnised On￿ the Charity has enlillement to the income, tt is probable that the
inwme will be received. arKJ the amount of incorne recewable car* be measured reliably.
Voluntary income includes grants and donations and is recognised in full on the basis of entitlement.
Grant income is re(x)gni5ed once the above crlteria have been met. tO9ether with any performance
conditions attached to the grant. Grant income receNed is deferred only when the Chanty has yet to
fulfil the performance condrbons. Subventron income represents the blcrk grant received from the
Untversty of Roehampton {RU) in respect ofthe ornponding academic year.
Income from chartiable activrttes includes providing goods and services to members. The income 1$
recognised in full on the basis of entit￿Ment and is stated after discount and VAT where applicab￿.
Income from ftjndraising includes hire of facilities, marketing and sponsorship. The income is
recognised on the accruals basis.
Donated serviw or facilitres are recognised when the Charity has control over Ihe item. any
condits.ons ass(Kiated the donated item hav• beon met th& receipt of e¢onomi¢ beneflt frorn the
use of the Charty of the item is probable and that econom￿ benefrt can be measured reliably.
On receipt. donated profess￿nal services and faalitEs are recognised on the basis of the value of
the gift to the Charity which is the amount rt would have t)een willing lo pay to obtain services or
facilities of equwalent economic benefit on the open markeL" a corresFx)nding amount is then
recognised in expeTrJiknre in the pericrfj of receipt
Income tax recoverable in relation to investsnent income is reccyJnised al the time the investment
income i* receThia￿e.
2.6 Intgre81 receivabl&
Inte￿st on funds heid on deFQSit i8 inclLKled when r￿1Vable and the amount can be measured
reliably by the Charity., this is nomialty upon notrf￿at￿n of the interest paid or payable by the
institution with whom the funds are deposited.
Page 24

ROEHAMPTON STUDENTS. UNION
{A Company Llmited by Guarantso}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Accounting pollcles leontInu￿}
2.7 Exp•nditure
Expenditu￿ is recognised on* the￿ is a legal or ¢onstructfve obligation to transfer economic
benefit to a third party, it Is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measur8d ￿lIablY. Expenditure is classified by
a¢livty. The costs of each activity are made up of the total of direct costs and shared costs,
indudin9 $UPPOrt costs involved in undertaking each xtivty. DIr￿t costs attributable to a single
activity are allocated direcuy to that acts'vty. Shared costs which contribute to more than one activity
and support costs which are nol attributable to a single ac￿vIty are apportioned be￿et￿ thos8
activities on a basis consistent vAth th& use of resour￿. Central staff costs are allocated on the
basis of time srent. and depr8coion tharges allocated on the portion of the assefs use.
Expenditure on charitable activths is incurred on directly undertaking the activities which fvrtheT the
Chanty's Obl￿tiVes, as V￿11 as any assocthd support ¢08ts.
2.8 Tanglblo flx•d •880ts and dopr•clatlon
Tangib￿ fixed assets costing £500 or more are capits1￿￿ and recognised when future economic
benefits are probable and the cost or value of the asset can be measured mllabty.
Tangible fixed assets are initially recognised at cost After re￿nItiOn, under the cost model.
tangible ftted assets are measured al cost léss accumulated depreciatlon and 8ny accumulated
impairment losses. All costs Incur￿ to bring a tsngible fixed asset into its intended working
condition should be I￿Luded in the measurement of ry)8t
D8preciabon is chafged so as to alIC￿ the cost of tsngible fixed ass8ts less their residual value
over their estimated u8eful INes, using the stralght4ine method.
DepreciatKJn is provided on the fol1Th￿n9 basis:
Motor vehicles
25% ￿ c08t
Office equipment
25% on cost
2.9 sto¢k8
stocks are valued at the kywer of cost and net realISab￿ valu8 after making due 811owance for
obsolete and slow4noving stocks. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.
2.10 D•btov•
Trade and other debtors are recogni￿ at Ihe setuemnt amount after any trade diSc￿unt offered.
P￿paYments are valued at Ihe amount prepaid net of any tsje discounts due.
2.11 Cash at bank and In hand
Cash at bank and In hand includes cash and short-temi highly liquid investments with a short
malunty of three months or less from the date of wuisitKM or opening of Ihe deposit or similar
account
Page 25

ROEHAMPTON STUDENTS. UNION
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 JULY 2023
Ac¢ounting policieg {continued)
2.12 Liabilfties and provisions
Liabilib"es are recc*3nised when Ihere is an obligation at the Balance Sheet date as a result of a past
event. it is probable that a transfer of economic tenefit will be required in settlement, and the
amount of the setuernenl can be esb"mated reliably.
Liabillties are recognised at the amount that the Charty anhcipates it will pay lo settle the debt or the
amoltnt it has received as wjvanced payments for the goc*Js or servI¢￿S it must provide.
ProvisK)ns are measured at the best estimate of the amounts ￿quIred to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discount￿1 at the pre-tax discount rate that ￿fleets the risks specific to the liability. The
unwinding of the discount is recognised in the Ststement of Financial Activities as a finan￿ cost.
2.13 FlnaTrcial Instrnmonts
The Charity only has financial assets and financial Ikabilibes of a kind that qualify as basic financral
instruments. Basie financial instruments a￿ inlbalty recognised at tranS￿"on value and
subsequentty measured at their settlement value with the ex￿ption of bank loans which are
subwuently measured at amortised cost using the eff￿tive interest meth¢xJ.
2.14 Penslons
The Charity operates a defin&l contributton rension scheme and the penskjn charge rep￿sents the
amounts payable by the Charity to the in respect of the year.
Critical accounting ostlmates and areas of Judgem•nt
Estimates and judgements are Continual￿ evaluatad snd gre boBed on hiatorK#l experlenre ana other
factors, incllfding exF*Ctatths of ffijture events that are beiieved to be reasonable under the
circumstances.
Crrtical a￿Unting estimates and assumpb"ons:
There are no specific judgements, esb"mates and assumptions made by the Trustees that have a
significant risk of causing a material adjustment to the c2trying amourrts of assets and liabilities within the
next financial year.
Page 26

ROEHAMPTON STUDENTS. UNION
(A Company Llmited by Guaran￿)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Incom• Irom donatlons and legacle8
Unrestrlcted Re8trSctsd
funds
fund8
2023
2023
Total
funds
2023
Tot81
funds
2022
Grants
Block Grant
Growhampton grant
Donated servic*d p￿miSeS
Subtotsl . gr•nts from Ro•hampton
Unlv•r•lty
549.957
549,967
62,043
SOAOO
557.500
60,000
.400
62,043
50,4CrfJ
600.357
62.043
662,400
667,900
Other grants
Govemmenl grants
180
180
4,472
3,406
Subtotal- other grnnts and donatlon•
180
180
7,878
600.357
62,223
662,$80
675, 778
Total 2022
607,900
67,878
675,778
Govemment grant income ¢)Jmprises amounts iotalling £nil 12022.. £3,4(%l received under the
Coronavirus Job Relention Scheme.
Page 27

ROEHAMPTON STUDENTS. UNION
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Income from ¢harltabl• activiti•5
Unr08trfctod Re8tricted
nds
funds
2023
2023
Total
fund8
2023
rot81
funds
2022
Entertainment Programw
Clubs and soc￿ties
Cafe
Merchandising
135,255
135.255
24,492
148,660
11,123
145,420
26,400
136,714
2,913
24,492
148.660
11,123
295.038
24,492
319,530
311,447
Total 2022
285,047
26,4
311,447
Income from other trading actfvhies
Income from fundrdising ovents
Unre8tricted
funds
2023
Totsl
funds
2023
Totsl
funds
2022
Medio @nd sponsorshlp
56.356
56,356
7,248
Total 2022
7,248
7.248
Page 28

ROEHAMPTON STUDENTS. UNION
IA Company Llmlted by Guarants•)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 JULY 2023
Inveslmont Income
Total
lunds
2023
Tot81
funds
2022
fund8
2023
Int8rest income
136
136
16
Tot812022
16
16
Anaty•l• of gxpendlturn on ch•rttabl• •etlvltl
Summlry by lund typo
Unrn8trktod R￿tr￿ted
fund•
fund•
2023
2023
Total
2023
Tot81
2022
Student Representalw)n
student Activities
communi￿￿$
Entsrtainments
Welfare
Academic
Campaigns
Growhampton
Clubs and Societies
New Media- Student Life
Hive Cafe
308.286
,691
34.470
262,141
34.037
169,900
308,288
56.691
34,470
262.141
34,037
189,91)0
252,445
58,911
58,906
291, 859
35,280
124,478
1,603
65, 736
27,003
34
165,871
8,889
62.223
27.082
71,112
27,082
6,268
183.060
6,268
183,C60
1.W,389
89,305
1.153,694
1,082, 126
Total 2022
987.245
94,881
1,082,126
Page 29

ROEHAMPTON STUDENTS. UNION
(A Company Llmited by Guarantoe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 JULY 2023
Analysis of expenditure by actlvttie8
A¢tivltlos
undertaken
dlrectty
2023
Support
costs
2023
Total
fund8
2023
Total
fvnds
2022
Student Representab'on
Student Acb'vities
Communi¢alions
Entertainments
Welfare
Academic
Campaigns
Growhampton
Clubs and Societies
New Media - Student Lrfe
Hive Cafe
2*,466
56,691
34.470
262,141
34.037
169,9CKJ
647
71,112
27.082
6.268
183.¢XO
11.820
308.286
S6.691
34.470
262,141
34,037
169,900
252,445
58,911
58,906
291,859
35,280
124.478
1,603
65, 736
27.003
71.112
27,082
6,268
183,060
165,871
1,141.874
11,820
1.153,694
1.082, f26
Total 2022
1,07t.626
10.500
1,082,726
Analysls of support eost6
Student
reprosentati
on
2023
Total
funds
2023
Total
funds
2022
AUdit0￿S remuneratKin
11,820
11,820
10,500
Total 2022
10,500
10.500
Page 30

ROEHAMPTON STUDENTS. UNION
{A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
10. Staff costs
2023
2022
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
521.968
43.397
481,435
41.235
29,579
S98,708
552,249
During the prior year. the Charity took advantage of the GovemmenV5 Coronavirus Job Retention
Scheme, under whith some of the employees were receiving 80% of their pay. The Un￿n made the
decision lo top up their pay to 100%.
The average number of person$ employed by the Chanty during the year was as follows:
2023
No.
2022
No.
Full lime
Casual
16
21
16
37
36
No employee received remunera.on amoun*"ng to more than £60,000 in either year.
During the year, remuneration. including empknyerfs Nl and Ftnsion contributions. totalling £143,564
12022." £145.545} were incurred in respect of key management personnel.
Page 31

ROEHAMPTON STUDENTS. UNION
{A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
11. Trusteos. remuneration and expengOS
Dltring the year, under the prowsions made in the Chantys Conslitulion, 512021." 5) Sabbatical Officer
Twslees received remunerats'on in respEct of their employment contract wrth the Union. The value of
Trustees. remuneration and other benefits totalled £85.386 {21y22.. £71,034).
2023
2022
Harftson Cohen - PresKlent
Remuneration
Pension contributions paid
Remuneration
Pension contributions paid
RemuneratM)n
Pension contn"butkxs pamd
Remunerab"on
Pension contributions paid
Remuneration
Pension contributs"on$ paid
Remunerat
Remunera
2,205
Pension contributKins paid
200
During the year ended 31 July 2023. expenses totalling £NIL were reimbursed to Trustees (2022- £NIL to
O Trustee)
23.674
2,376
25,880
2,596
23.674
1376
2.205
200
Sharon A2ams
2.027
203
2, 124
203
17,872
I, T87
Mushtaq Ismail
Laura Johnson
o￿Ven Ottaway
22,294
2.230
22,294
Farrah Black
Amy Hopkins - President
Page 32

ROEHAMPTON STUDENTS. UNION
IA Company Llmlted by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
12. Tangible fixed assgts
Office
equipment
Motor and fixtures
vehlclos
& fittings
Total
Cost or valuation
At 1 August 2022
Additions
Disposals
11.451
103,142
1,955
{71,063)
114,593
1,955
171,063)
At 31 July 2023
11A51
34,034
45A85
Depreciation
At 1 August 2022
Charge for the year
On disposals
11.451
80.165
8,333
{71,063)
91,616
8,333
171,063)
At 31 July 2023
11.451
17N35
28,886
Net book value
At 31 July 2023
16,599
16,599
At 31 July 2022
22,977
22,977
Page 33

ROEHAMPTON STUDENTS. UNION
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 JULY 2023
13. Stocks
2023
2022
Merchandise
1,069
14. Debtorg
2023
2022
Duo wlthin one year
Trade debtors
Other debtors
Prepayments and accrued income
38,600
1,303
3,522
6. 164
2.419
6.618
43,425
15,201
15. Creditors: Amounts falling due withln on• year
2023
2022
Trade credit(Ks
Other creditors
Accruals and deferr&l income
20.067
752.312
43,IS6
30,430
510.000
23,332
815.534
563, 762
Page 34

ROEHAMPTON STUDENTS. UNION
IA Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
16. Statem•nt of funds
Statement of funds- Current year
Balance at 1
August 2022
Balance at
Income Expgndlture 31 July 2023
Unrestrictsd funds
General Funds - all funds
1475.690)
951,887
11,064,389)
1588,1921
Restricted funds
Growhampton
Clubs and societies
62,223
24,492
(62,223)
{27.082)
25,270
22,680
25.270
86,715
(89.305)
22,680
Totsl funds
(450.420} 1,038,602 (1,153,694) (565.512>
Page 35

ROEHAMPTON STUDENTS. UNION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Statement of funds (continugd
Statement of funds - prior year
Balance al
l August
2021
Balance al
Income Expenditure 31 July 2022
Unrgstrfeted funds
General Funds- all funds
1388,656)
900.211
(987.245) (475,690)
Restrlcted fvnds
Growhamplon
Clubs and societre$
Govemmenl grants
64,472
26,4C
3.406
(64.472)
(27.(￿3}
(3.406)
25.873
25,270
25,873
94.278
(94.881)
25,270
T¢)tal fund8
(362, 783)
994.489 (1.082. 126)
(450,420)
Restricted funds compiise the folk)w'rvJ'.
Growhgmpton fund - moftieo 9lven ￿ tr]e Charity in order to ftjnd the Growhampton edible campus
project.
Clubs and societies - the self-raised funds of the Uniijn's vark)us clubs and societies.
Govemment grants - income received under the UK Govemmenys fvrioLfgh Kheme in respect to wages
and salaries.
Page 36

ROEHAMPTON STUDENTS. UNION
{A Company Llmlted by Guarantoel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
17. Anatysls of net assets between funds
Analysis of net assets btheen funds - curnnt yoar
UnrestTl¢ted Rostrictgd
funds
funds
2023
2023
Totsl
funds
2023
Tangible fixed assets
Current assets
Creditors due vrithin one year
16,599
210,743
{815,S34)
16,599
233,423
{815.534)
22,680
Total
(588.1921
22.680
{565,S12)
Analysis of not as89ts between funds - prior year
Unresti7Cted
funds
2022
Restricted
funds
2022
Total
funds
2022
Tangible fixed assets
Current asset5
Creditors due within one year
22,977
65.095
(563,762)
22,977
90,365
(563, 762)
25.270
(475,690)
25,270
(45Q,420)
Total
18. Reconclllation of not movement in funds to net cash fl¢)w from operdting actlvities
2023
2022
Net experKlittJre for the year {as per Statement of Financial Activit￿}
1115,0921
f87,637)
Adjustments for.
Depreciation charges
Dividends. interests and rents from investrnents
Decreasel{increase) in stocks
Decreasellincreasel in debtors
Increase1(d￿reasel in creditors
8,333
{1361
11,0691
(28,224)
251,772
6,466
(16)
84,231
(64,276)
Net cash pvovided byl{used in) operatlng actlvitl•s
115,$84
(61,232)
Page 37

ROEHAMPTON STUDENTS. UNION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 JULY 2023
19. Anatysis of cash and cash equivalents
2023
2022
Cash in hand
188.929
75.164
Total cash and cash equivalonts
188,929
75,164
Analy819 of Changes In net debt
At 1 August
2022 Cash flows
At 31 July
2023
Cash at bank and in hand
75,164
113,765
188,929
75.164
113,766
188,929
Pension commltments
The Charity operates a defined contributions pension scheme. The assets of the scheme are held
separately froFn those of the Charity in an independently administered fund. The pension cost charge
represents contributions payable by the Chafity to the fvnd and amounted to £33,345 (2022." £29.579}.
Contributions totalling £nil were payable (2022= £nil) to the ￿n￿ at the balance sheet dale and are
included in credrtors.
Related party transactlons
The controlling parties of the Charity are the Trustees ty virtue of their posttion as memebers of the
Tnjslee Board. Trustee remuneration and other transactions are disclosed in note 11. The Trustees are
the sole members of the charitable company and their liability is limited lo £1.
The Chanty receives a substantial part of its income by means of grant funding from the Roehamplon
University. This funding amounted to £662,400 12022.. £667,900) of revenue funding in the year under
review, which indudes £50,400 {2022'. £50,400} in res￿1 of serVi￿d premises provided. The Trustee
Board is of the opinion that this financial assistsnce is not an influen¢ing factor with regards to the
fomation of the Charity's ￿1¢Y setting
At the balance sheet date, £752,312 {2022." £510.000} was owed by the Charity to Roehampton
University. Included within trade debtors is a balance of £17,600 (2022-. £2,838) owed to the Student
Union by the Unwersty.
Page 38