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2025-07-31-accounts

UNIVERsrrY OF ESSEX STUDENTS, UNION ANNUAL REPORT AND ACCOUNT8 YEAR ENDED 31 Juty 2025 HOW WE WORK Page 8

Note Unrestricted Restricted Capital Total Total
Income Income Grants 2025 2024
Incomeandendowmentsfrom: £ £
DonationsandGrants:
Donations,UniversityGrant,etc. 2,262,583 503,997 4,000 2,770,580 2,857,717
Grantofservicedaccommodation 2c) 514,768 - - 514,768 514,768
CJRSfurloughgrant
Othertradingactivities:
Advertisingandmedia 39,590 - - 39,590 43,560
Investmentincome 99,254 - - 99,254 108,985
Charitableactivitiesforstudents:
Bars,venuesandentertainments 1,188,316 - - 1,188,316 1,326,539
Shopsandvending 2,397,039 - - 2,397,039 2,700,666
Catering 682,720 - - 682,720 612,599
Societies&clubs 19,033 211,060 - 230,093 201,735
Lettings 241,078 - - 241,078 251,095
Otherincomeresources 3,086 - - 3,086 43,222
Totalincome 7,447,467 715,057 4.000 _8,166,524 8,660,886
Expenditureon:
Costsofraisingfunds:
Financecosts 10,711 - - 10,711 8,784
Charitableactivitiesforstudents:
Representationandcampaigns 1,403,263 52,670 - 1,455,933 1,292,168
Advice&welfare 415,160 12,456 - 427,616 448,179
Volunteering 232,884 31,574 - 264,458 99,795
Activities,clubsandsocieties 397,751 452,042 - 849,793 884,665
Bars,venturesandentertainments 1,716,714 72,020 - 1,788,734 1,521,366
Catering 776,057 28,537 - 804,594 595,899
Shopsandvending 2,375,166 40,569 - 2,415,735 2,540,400
Lettings 234,325 5,146 - 239,471 230,083
Totalexpenditure 4-7 _7,562,031 695,014 - _8,257,045 _7,621,339
Net(expenditure)/income (114,564) 20,043 4,000 (90,521) 1,039,547
Transfersbetweenfunds:
Capitalgrantamortisationand
impairment
i 48,064 - _(48,064) : :
Netmovementinfunds (66,500) 20,043 (44,064) (90,521) 1,039,547
Fundbalancesbroughtforward 955,420 376,674 206,984 _1,539,078 499,531
Fundbalancescarriedforward 888.920 396,717 162,920 1,448,557 1,539,078

2025 2024
£ £ £
Notes
Fixedassets
Tangiblefixedassets 8 445,757 355,886
Currentassets
Stocksinbars,shops&otheroutlets 10 181,962 178,584
Debtors&prepayments 11 179,508 167,651
Cashatbank&inhand 1,861,355 2,011,958
2,222,825 2,358,193
Currentliabilities
Creditors:Amountsduewithinoneyear 12 (1,220,025) (1,175,002)
Netcurrentassets 1,002,800 1,183,192
Netassetsexcludingpensionliability 1,448,557 1,539,078
DefinedBenefitpensionschemeliability
Totalnetassets 1,448,557 1,539,078
RepresentingCharitableFunds:-
CapitalGrantsFund
UniversityGrantforRefurbishment 13 162,920 206,984
RestrictedIncomeFunds 14 396,717 376,674
UnrestrictedIncomeFunds 15 888,920 955,420
TotalFunds 16 1,448,557 1,539,078

2025 2024
£ £ £ £
Notes
Fixedassets
Tangiblefixedassets 8 445,757 355,886
Investments 9 3 3
445,760 355,889
Currentassets
Stocksinbars,shops&otheroutlets 10 61,342 148,568
Debtors&prepayments 11 413,048 214,080
Cashatbank&inhand 1,633,665 1,892,241
2,108,055 2,254,889
Currentliabilities
Creditors:Amountsduewithinoneyear 12 (1,105,258) (1,082,718)
Netcurrentassets 1,002,797 1,172,171
Netassetsexcludingpensionscheme 1,448,557 1,528,060
liability
DefinedBenefitpensionschemeliability -
Totalnetassets 1,448,557 1,528,060
RepresentingCharitableFunds:-
CapitalGrantsFund
UniversityGrantforRefurbishment 13 162,920 206,984
RestrictedIncomeFunds 14 396,717 376,674
UnrestrictedIncomeFunds 15 888.920 944402
TotalFunds 16 1,448,557 1,528,060

2025 2024
£
Cashflowsfromoperatingactivities:
Netincoming/(outgoing)resources
Interestreceivable
Interestpayable
Capitalgrantmovement
Depreciation
(90,520)
(99,254)
10,711
(4,000)
114,880
1,039,547
(108,985)
8,784
(50,000)
128,495
Impairment
(Increase)/decreaseinstock
(Increase)/decreaseindebtors
(Decrease)/increaseinpensionliability
(Decrease)/increaseincreditors
(3,378)
(11,857)
45,023
(3,156)
(9,874)
(847,617)
(107,988)
Netcashprovidedbyoperatingactivities (38,395) 49,206
Cashflowsfrominvestingactivities
Interestreceivable 99,254 108,985
Interestpayable (10,711) (8,784)
Capitalgrantsreceived 4,000 50,000
Purchaseoftangiblefixedassets (204,751) (67,179)
Netcashprovided/(usedin)byinvestingactivities (112,208) 83,022
Cashflowsfromfinancingactivities
Financeleasesrepayments
Financeleaseinterest
Netcash(usedin)financingactivities
Changeincashandcashequivalentsintheyear (150,603) 132,228
Cashandcashequivalentsatthebeginningoftheyear 2,011,958 1,879,730
Totalcashandcashequivalentsattheendoftheyear 1,861,355 2,011,958
Analysisofcashandcashequivalents:
2025 2024
£ £
CashatBank 1,861,355 2,011,958
AnalysisofNetFunds
Atthe Start Cashflows Attheend
oftheyear oftheyear
Cash 2,011,958 (150,603) 1,861,355
—2.011,958
_(150,603)_1,861,355

Costof Staff Rent& OtherCosts
Sales Costs Premises Total
£ £ £ £ £
Financecosts - - - 10,711 10,711
Charitableactivities
Representation&
campaigns - 1,055,138 118,394 229,731 1,403,263
Advice&welfare - 364,935 22,782 27,443 415,160
Volunteering - 103,174 70,627 59,083 232,884
Activities,clubsand
societies - 332,990 14 64,747 397,751
Bars,venuesand
entertainments 397,762 706,020 170,106 442,826 1,716,714
Catering 262,122 331,985 67,787 114,163 776,057
Shopsandvending 1,516,435 591,886 108,865 157,980 2,375,166
Lettings - 165,667 13,587 55,071 234,325
RestrictedFunds - 39,744 - 655,270 695,014
Totalcosts 2,176,319 _3,691,540 _572,162 _1,817,025 _8,257,045
2024 CostofSales Staff Rent& OtherCosts
Costs Premises Total
£ £ £ £ £
Financecosts - - - 8,784 8,784
Charitableactivities
Representation&
campaigns - 918,512 118,951 253,370 1,290,833
Advice&welfare - 332,236 22,829 55,151 410,216
Volunteering - (13,755) 71,026 42,524 99,795
Activities,clubsand
societies - 306,321 - 61,293 367,614
Bars,venuesand
entertainments 444,185 460,220 181,284 435,677 1,521,366
Catering 243,197 191,380 73,975 87,347 595,899
Shopsandvending 1,800,002 485,549 111,182 143,667 2,540,400
Lettings - 169,993 13,784 46,306 230,083
RestrictedFunds - 37,325 - 519,024 556,349
Totalcosts 2,487,384 2,887,781 593,031 1,653,143 7,621,339

Rent&
Staff Premises Other Total
£ £ £ £
Charitableactivities
Representation&campaigns 172,792 118,282 98,949 390,023
Advice&welfare 33,163 22,701 18,991 74,855
Volunteering 103,174 70,627 59,083 232,884
Activities,clubsandsocieties - - - -
Bars,venuesandentertainments 242,154 169,866 143,286 555,306
Catering 95,885 67,218 56,687 219,790
Shopsandvending 137,271 96,883 81,890 316,044
Lettings 18,350 13,586 11,662 43,598
Totals —802,789 _559,163 _470,548 _1,832,500
2024 Rent&
Staff Premises Other Total
£ £ £ £
Charitableactivities
Representation&campaigns (23,036) 118,951 71,218 167,133
Advice&welfare (4,422) 22,830 13,669 32,077
Volunteering (13,755) 71,026 42,524 99,795
Activities,clubsandsocieties - - - -
Bars,venuesandentertainments (14,535) 171,238 122,691 279,394
Catering (7,240) 67,101 46,404 106,265
Shopsandvending (5,517) 97,811 73,096 165,390
Lettings 2,022 13,784 13,333 29,139
Totals (66,483) 562,741 382,935 879,193

OLUWANIFEMIWILSON-ADU 28,607
JOSEPHHOLMES 29,637
MARIUMMASROOR 24,343
LILY-MAYCAMERON 24,811
IANLAU 24,343
GUILHERMECERQUEIRABANARI 24,343
PRECILAFERNANDO 2,376
CHLOEJEFFERY 2,724
SERDARRAHOOJO 2,376
HAREEMREHAN 1,331
ALEXSABLICH 2,386

Fixtures,
Building Motor fittingsand
Refurbishment Vehicles equipment Total
£ £ £ £
Cost
At1August2024 1,081,548 - 900,652 1,982,200
Additions 57,034 41,460 106,257 204,751
At31July2025 1,138,582 41,460 1,006,909 2,186,951
Depreciation
At
1August2024
933,233 - 693,081 1,626,314
Chargefortheyear 18,961 6,219 89,700 114,880
At31July2025 952,194 6,219 782,781 1.741,194
NetBookValues
-at31July2025 —_186,388 _35,241 ___224,128 _445,757
-at31July2024 148,315 - 207,571 355,886
Investments—Charityonly
2025 2024
£ £
AtCost
InvestmentinUESULimited 1 1
InvestmentinEssexStudentLets Limited 1 1
InvestmentinSUHomesLimited 1 1
3 3

UESULtd UESULtd EssexStudentLetsLtd EssexStudentLetsLtd
Reg No07321517 RegNo 07413547
2025 2024 2025 2024
£ £ £ £
TradingSubsidiaries
Turnover 2,095,858 709,401 241,078 251,095
Costofsales (1,116,730) (175,683) - -
Grossprofit 979,128 533,718 241,078 251,095
Administrativeexpenses __(979,.128) (533,718) (212,827) (223,827)
Netprofit/(loss) : - 28.251 27,268
Giftaiddonation : - _(28.251) _ss-
Retainedearnings - - : 27,268
10. Stocks 2025 2024
Group Charity Group Charity
£ £ £ £
Stocks 181,962 —_61,342 178,584 148,568
11. Debtors 2025 2024
Group Charity Group Charity
£ £ £ E
Tradedebtors 111,812 100,102 15,928 9,430
Otherdebtors 14,765 8,331 90,621 89,860
Prepayments&accruedincome 52,931 61,823 61,102 36,060
Intercompanydebtors : 242,792 - 78,730
179,508 413,048 167,651 214,080

Creditors:Amountsdue 2025 2024
withinoneyear
Group Charity Group Charity
£ £ £ £
Tradecreditors
Socialsecurity&othertaxes
Othercreditors
Accrualsanddeferredincome
827,768
191,604
118,485
82,168
825,047
173,358
26,785
80,068
712,170
248,430
108,132
106,270
711,642
242,295
26,795
101,986
4,220,025 1,105,258 1,175,002 1,082,718
CapitalGrantsFund 2024
£
2023
£
At1August2024 206,984 200,772
Receivedinyear
Transferbetweenfunds(restricted)
Impairment
4,000
(48,064)
-
-
50,000


-
Amortisation(viatransferbetween funds-unrestricted) - (43,788)
Balanceat31July2025 —_162,920 206,984

14. RestrictedFunds—2025 Brought Expend- Carried
Forward Income iture Transfers Forward
£ £ £ £ £
Funds:
Sports&SocietyEquipment 26,865 - - 399 27,264
Reserve
Sports&SocietyRestrictedFunds 278,478 210,661 (181,829) - 307,310
StudentExperienceFund - -
EssexSportBoard - 259,800 (259,800) - -
SundryOtherFunding 27,843 3,828 (10,413) (1,299) 19,959
HardshipFund 37,984 - (2,347) 35,637
VolunteeringProjectFund 5,504 268 (125) 900 6,547
CostofLivingFund - -
CommunityActivities&
EventsFund - - -
OtherGrantFunding - 240,500 (240,500) - -
376,674 _715,057 _(695,014) - 396,717
14. RestrictedFunds—2024 Brought Expena- Carried
Forward —_Income iture Transfers Forward
sat £ £ £ £
Funds:
Sports&SocietyEquipment 27,532 - (667) - 26,865
Reserve
Sports&SocietyRestrictedFunds 276,831 190,356 (188,709) - 278,478
StudentExperienceFund 202 - (202) - -
EssexSportBoard 95 320,978 (321,073) - -
SundryOtherFunding
HardshipFund
22,492
55,947
11,751
-
(6,400)
2,037
-
(20,000)
27,843
37,984
VolunteeringProjectFund 5,504 - - - 5,504
CostofLivingFund - 70,000 (40,000) (30,000) -
CommunityActivities&
EventsFund 1,335 - (1,335) - -
389,938 _593.085 (556,349) (50,000) 376,674

UnrestrictedFunds
At1August At 31July
2024 Income Expenditure Transfers 2025
£ £ £ £ £
Charity 944,402 5,110,531 (5,214,077) 48,064 888,920
Subsidiaryfunds 11,018 2,336,936 (2,347,954) - -
955,420 7,447,467 (7,562,031) 48,064 __
888,920
Includedintheabovetableis £28,251ofaccruedgiftaidfromthesubsidiariesto the StudentUnion,ofwithon
consolidationnetsofftonil.
At1August At 31July
2023 Income Expenditure Transfers 2024
£ £ £ £ £
Charity (88,601) 7,107,305 (6,118,090) 43,788 944,402
Subsidiaryfunds (2,578) 960,496 (946,900) - 11,018
(91,179) 8,067,801 (7,064,990) 43,788 955,420
NetAssetsoftheFunds oftheCharity andGroup
NetCurrent Longterm
Asat31July2025 FixedAssets Assets liabilities Total
£ £ £ £
CapitalGrantFund 162,920 - - 162,920
RestrictedIncomeFunds - 396,717 - 396,717
Unrestrictedfunds 282,840 606,080 - 888,920
Charity 445,760 1,002,797 - 1,448,557
SubsidiaryReserves (3) 3 - -
Group 445,757 1,002,800 - 1,448,557
NetCurrent Longterm
Asat31July2024 FixedAssets Assets liabilities Total
£ £ £ £
CapitalGrantFund
RestrictedIncomeFunds
Unrestrictedfunds
206,984
-
148,905
-
376,674
795,497
-
-
-
206,984
376,674
944,402


Charity 355,889 1,172,171 - 1,528,060
SubsidiaryReserves (3) 11,021 - 11,018
Group 355,886 1,183,192 - 1,539,078
Page 60

2025 2024
£ £
Plant and machinery
Within one year 56,563 58,684
Within two tofiveyears 7,816 58,054
64,379 116,738

Note Unrestricted Restricted Capital Total
Income Income Grants 2024
Incomeandendowmentsfrom:
DonationsandGrants:
Donations,UniversityGrant,etc. 2,454,989 402,728 - 2,857,717
Grantofservicedaccommodation 2c) 514,768 - - 514,768
CJRSfurloughgrant - - - -
Othertradingactivities:
Advertisingandmedia 43,560 - - 43,560
Investmentincome 108,985 - - 108,985
Charitableactivitiesforstudents:
Bars,venuesandentertainments 1,326,539 - - 1,326,539
Shopsandvending 2,700,666 - - 2,700,666
Catering 612,599 - - 612,599
Societies&clubs 11,378 190,357 - 201,735
Lettings 251,095 - - 251,095
Otherincomeresources 43,222 - - 43,222
Totalincome 8,067,801 593,085 - _8,660,886
Expenditureon:
Costsofraisingfunds:
Financecosts 8,784 - - 8,784
Charitableactivitiesforstudents:
Representationandcampaigns 1,290,833 1,335 - 1,292,168
Advice&welfare 410,216 37,963 - 448,179
Volunteering 99,795 - - 99,795
Activities,clubsandsocieties 367,614 517,051 - 884,665
Bars,venturesandentertainments 1,521,366 - - 1,521,366
Catering 595,899 - - 595,899
Shopsandvending 2,540,400 - - 2,540,400
Lettings 230,083 - - 230,083
Totalexpenditure 47 _7,064,990 __556,349 - _7,621,339
Netincome/(expenditure) 1,002,811 36,736 - 1,039,547
Transfersbetweenfunds:
Capitalgrantamortisationand 14 43,788 (50,000) 6.212 ;
impairment
Netmovementinfunds 1,046,599 (13,264) 6,212 1,039,547
Fundbalancesbroughtforward (91,179) 389,938 200,772 499,531
Fundbalancescarriedforward 955,420 376,674 206,984 1,539,078