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

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||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<br>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||





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||||2025|2024||
|---|---|---|---|---|---|
|||£|£|£|z£|
||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|






## 

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||||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<br>Interestreceivable<br>Interestpayable<br>Capitalgrantmovement<br>Depreciation||(90,520)<br>(99,254)<br>10,711<br>(4,000)<br>114,880|1,039,547<br>(108,985)<br>8,784<br>(50,000)<br>128,495|
|Impairment<br>(Increase)/decreaseinstock<br>(Increase)/decreaseindebtors<br>(Decrease)/increaseinpensionliability<br>(Decrease)/increaseincreditors||(3,378)<br>(11,857)<br>45,023|(3,156)<br>(9,874)<br>(847,617)<br>(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<br>_(150,603)_1,861,355|||





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||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||





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## 




## 

## 

|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|





## 

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## 

|||||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<br>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<br>Socialsecurity&othertaxes<br>Othercreditors<br>Accrualsanddeferredincome|827,768<br>191,604<br>118,485<br>82,168|825,047<br>173,358<br>26,785<br>80,068|712,170<br>248,430<br>108,132<br>106,270|711,642<br>242,295<br>26,795<br>101,986||
||4,220,025|1,105,258|1,175,002|1,082,718||
|CapitalGrantsFund|||2024<br>£|2023<br>£||
|At1August2024|||206,984|200,772||
|Receivedinyear<br>Transferbetweenfunds(restricted)<br>Impairment|||4,000<br>(48,064)<br>-|-<br>50,000|<br> <br>-|
|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<br>HardshipFund|22,492<br>55,947|11,751<br>-||(6,400)<br>2,037||-<br>(20,000)|27,843<br>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|





## 

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## 

|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|__<br>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<br>RestrictedIncomeFunds<br>Unrestrictedfunds||206,984<br>-<br>148,905|-<br>376,674<br>795,497||-<br>-<br>-||206,984<br>376,674<br>944,402|<br> <br>|
|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|



## 



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





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## 

## 

||Note|Unrestricted|Restricted|Capital||Total||
|---|---|---|---|---|---|---|---|
|||Income|Income|Grants||2024||
|Incomeandendowmentsfrom:||||||z£||
|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||