2022-07-31-accounts

Registered Charity No: 1142479. Registered Company No: 07470232 UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES. REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 ABISR4KI 13112r2022 COMPANIES HOUSE

UNNERsrrY OF SURREY STUDENTS, UNION Contents PAGE AdminislratNe informabon Rewrt of the Trustees (induding Trvstees'"ResrM)nsbilities stslementl 3-14 Auditors. Rewt 15-18 ststement of Consolidated Financ4a ALlivitses 19 Consolidated Balance Sheet Union Balance Sheet 21 Consolidated Slalement of Ca*) Flows Notes lo the Financial Ststements 23-32

UNIVERSITY OF SURREY STUDENTS, UNION ADMINISTRATNE INFORMATION Charitable Status The University of Surrey Siudents. Union IUSSUI is an inC(K[￿ated charity (Company Limited by Guarantee) established under the Education Act 1994 and registered with the Charity C(Ynmission (No. 11424791 and Companies House (No. 07470232}.' Principal Address Union House. Slag Hill. Ur¥vefStty of Surrey. Guildlord. Suffey. GU2 7XH. Charity Twstses Jul 20211 Jul 2022123 Full-time ISabbalScall Officers President & Chair of Trustees VP CLynmuThty Aj'isola A4imc Nathaniel Nelson-wdliams Diana Dakik {￿tf 011081221 Jo Ting Yau IwEf 011081221 VP Suppxjrt VP ActNity VP Voice Leri Franus James Barlow Megan Simmons Oriana Savvith (¥￿1 011081221 Cameron Tooke Iwef 01108122) Megan Simmons Iwef 01108122} Part-time (Non-sabbatiul) Qfficer Union Chair Adesuwa Oba￿han David Dobrotvorskij External Trustees Matthew Dutton Amanda Masse Jeremy Pattison (Res. 3110S22) Anne Milton MartJ"ne Carter Tcffn Marsh (Res. 29107r22} Matthew Dutton hrnanda Masse Anne Milton Martine Carter Part4ime EXec￿1ve Officers INon4Nstees} Community Exec Officer Community Exec Officer Support Exec OffI￿r Supwjrt Exec OffI￿r VC1￿ Exec Officer V￿ce EX￿ OffI￿r Ath"vity Exec Officer Athvity EX￿ Officer Dan H¢x Theodora Plab" Loverdou Ami Tudorathe Numa Begum Michelle Ching eksandria Rusimova Diana Dakik Puljit Junqa Voice zone officers: Kiara Kataike-Lunani Deni Addis Harsh Sodhani Luana Vasconcelos Hugo Monrford Support lone officers: Samanlha Buss Numa BegL+m Liam Whrte Letty Raby MovAsha Srikuberan Activity zone officers: Team Surrey Chair- Nith Green Societies chair- Ami Tud¢xache Activity zone.. Hannah Mcauley Izzy Halland Phoebe Blackmore Communty Zone officers: ow.nkan Carrena Tash Jone5 Emily O'Grady Elena Quevedo Santana RAG Chair- Theodora Plati Lo4erd Page 1

UNIVERSITY OF SURREY STUDENTS, UNION ADMINISTRATNE INFORMATION Audito Crowe U.K. LLP Statutory Auditor 49-51 Blagrave Street Reading . Berkshire RG1 1PL Bankers National Weslminster Bank PIC 151 High Street Guildford Surrey GU13AH Solicitors Goodyear Blathe Herrington Law Limited 7 & 8 Innovatson Pl￿e Dwglas Drive Godalming SU￿eY GU7 1JX . USSU ern￿OYS a ch.ef Executive l)ffiw to d(tsely wth the Executive Officers and ensvre effective management of the charity as head d a senior management team as fdlowE.' - Chief Executive orricer Aan SLtherl8nd (Re& 28101122} Debra Rideout Ilnlerim CEO Jan￿￿lY 221 Alex McKee (App 251071221 Debra Rideoul Kalh P￿.111p$ Ilnlerim DepLty CEO jan-J￿Y 221 Caroline Ro￿e (Retired 311081221 Deputy CEO Human Resources & Staf Develowent Mana9er" Page 2

UNIVERsrrY OF SURREY STUDENTS, UNION TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2022 The Board cl Trustees present their Annual Rep(￿t for the year ended 31 J￿Y 2022 vthich indudes the administrative information set cmjt on page 1. together wth the authled accounts for that year. Structure, Governance and Management USSU is constituted under the Education Acl 1994 as a charity {see page 11 wth intemat regulations or Rules approved by the goveming LKKJY d the univergty.of Suffey. The Union is a Ccmpany knmited by Guarantee. The ChaTltaLle Ccynpany's Memorandum and Articles of Assoaation are the primary goveming d(￿uMentS. Each member of the CharitatAe Cunpany undertakes to contribute lo the ovmers of the Charitable CL¥npany in the event of it being wound up, while they are a M￿ber. suth amount as may be required, and not ex￿eding £1. USSU charitable Ofy'ects under the Act. lo athancE the UnNeTsib"es' educational purposes by providing representation and supKM)rt forthe students of the Univ&5ity, are SUP￿emented bythe further Otty'ecl cl helFAng members lo develop thar own thariiatrAe athVi￿eS as active parbopants in ovil s￿IetY. USSU is administered by its Executive C(mmittee ol fourteen stUd￿ts elecled annually by croswampus ballot of the USSU membership. The five post5 of PTesdent, VP Voice, VP Support. VP Ccffjmunity and VP Activity are full-time, or 'sat)batical', wsls remunerated as authorised by the Education Acts and cannot eX￿d Iwo years. durdticm for each holder. The five full-time Offi￿rS. Union Ch￿"rperS0n, Universty Trustee and four extemal trustees are regarded as ￿ tharity trustees of USSU for Ihe purposes ol the Charities Acts. It should be noted that, due to COVID-19. the of office for the 2020121 sal)balical team was extended and ended Ori 31st July 2021. with the new team tskn.ng over with effed frcth la August 2021. This has ce￿lInUed into 2022. Change to the Union's student.facing comn¥ttees During our annual eleth.￿ pr¢xes5, Surrey Deodes. held an additi￿81 referendum asknrva students if they wanted lo adopt our nth¥ student facang CL¥nmittee structure. vthith removed our hierarchi(al Executive Committee. The relerendum passed with a 78% Mal￿ty. The previ(ws Exe￿tr¥e levd crf pcAicy setting in the Union will remain, t4Jl will be referred to as Union Forum. and all elecled Union officers VAII be voting members. We made thi5 change following severa years of low sludenl engagement with our Executive Ccmmittee, a trend vthieh developed pre-pandemic. It is IM￿￿an1 to respond lo studenl trends to en>Jre that reman ￿l￿want. 8Th1 that our members feel they can Influen￿ our deci￿On-Ma￿￿g. We find that students activdy engage in (yjr when Ihere are prevdenl issues lo discuss, for eXaM￿e ourNK)rk on 1￿Men.$ safety orthe crisis in Ukrair+e. Therefore. Ihe Union Forum 11 be triggered in response to sludenl issues and needs. as well as holding al leasl one meeting per semester lo hdd all elected offieers to ac￿nt The Union Chairperson continues lo overs this new ccmmittee. Recruitment of new Union Chief Executive Officef Thi5 year Saw the start of a penod of ch8nge in the Union's staff team after the CEO, Alan Sutherfand. announced his resignation in Novunber 2021 and left the unic￿ in January 2022 to takè up the new role of Director d Campus Services in the University. We Ihank Alan for his many years of dedicalion to the Students, Union and wsh him the best with his new venlure. Alan's departure meanf that the Union entered a period of reciuilment for a new CEO, le(4 by the UThon President as chair cl the Ncmninations Committee, subcommittee of the unl￿'S Board of Trustees During the interim pericd while recruitment was onging. the unl￿.$ Deputy CEO, Debra Rideout. assumed the role of Interim CEO. supp(¥1ed by Kath Phillips IprevityJ￿y the V¢ice Manager) as Interim Deputy CEO. The process has now concluded, arKI we are ￿eaSed lo announ￿ that the new Chief Execubve Officer is ex McKee, who preViou￿Y led Ccmmunicalions and Engagement at the Students, Union UCL. Aex began his new rde at the end of July 2022, and ￿ are IcKJkJ"ng f¢Thard to wcwking with him and seeing the impact he can have on our membets. Page 3

UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 August 2022 also saw the retirement of Caroline RO￿e, Human Rey)urces and Staff Devdokynent Manager. after 37 years of service lo Surrey Students, Union. Fdl¢Mng her ￿tIrement, Ajex McKee CEO has appc4nted Kalh Phillips as Interim Head of PeoF4e arKI Representalion as of 1° September 2022. Arrangements for setting pay and remuneration of key management personnel Pay and ￿MUneration of key management pers(￿ne1 is delerrnined by a vanety of contribulixy faclors, such as, the sze of the Students. Union. the pay scales for eath role e.g., satthtica15, CEO etc., and the level of experience of the staff memtw. In addibon lo this. I￿e1$ d pay may be 3ffe(led by the ability lo recruit key management personnel and relain them in post. YA)ich all rjincides wlh the sludenl union's appointment and pay policies. AJI amendments to the pay and remUrEratIr￿ ￿lcY for the key management personnel is discussed and agreed by the trustees. The day lo day running of the Union is delegated lo the Chief Executsve Officer and the Deputy CEO. Risk Management The Finance Ccmmittee has examined the major Strategic. bu&ness arKI operati¢)nal risks faced by USSU in particular those relating to governance, fInar￿e. student experien￿, health and safety, organisation. operations. repulatson. HR and ICT. A risk regislef has been estatlished and is updated al least annually. The Students. Union prime risk5 are.. Failure to manage costs imFfove effK?ency and mantsin ffinaroal stability. Current mitigation.. is Annual ￿dget$ dets'letj moniloriThJ and prcKIUcti¢￿ of m(thly finan￿ reports. Monthly finance meeting wlh quarterfy Iruslee meeliry. Loss or reduction in annual subvention. Current mitigation-. ContinuiThJ (Xx)peratir￿ Trmth the university encouragement d pogtive links fr(yn Sabbalic8J crfficers to key University pefsonnd. Transparency of Ihe USSU core aims and objecli¥es Failure to improve the sludenl experience. Current mitigatw: Implemenlation of the Zone structure enabling VP'S to cefflplele ther marifeslos. Where appropriate, systems or prc¢edu￿ have been established to mitigate the risks Ihe charily faces. 8udgetary 8nd inlemal conlrd rig(s are minimised by the implementation d wocedures for aulhorisalion of all transactions and project5. Procedures are in to ensure compliance with health and safety ()f slafl, volunteers and participants all activibes organised by the Union. Stsff training and develorrnenl are in place lo ensure slaff are awa￿ of the risks and have the necessary skills and atslity to comFlete the designated role. KPI'S are ￿g￿larty ￿vIewe¢j lo pic* up any earfy Wdming sgns that issues may be these occurring. These procedures are periodically revie¥%ed lo erwjre Ihal they conts.nue to meet the needs of the eharity. The Union ccmlinues to analyse the risk ol Ccwid 19, and rts impact is ¢￿￿de￿ on a rdling and future basis. The Union's plans and response to the pandemic We￿ quickty ddivered and %%tre adaplable. The Union leam continue to give particular attention to Rukn"x nighldub. and Ihe adaptations needed in order lo deliver a Covid secure venue and social expenence for the students. Pro¢"edures and Policies of Tyustee Induction and Training Induction training was provided for new trustees %thich included both intem81 and extemal trairwng. On-gcing training will be maée av8ilatle lo the tnJstees during their office induding attendance at conferences. specific training events and access to websle Iraining materials. Group structure The Student Union has a tholly sJbsidiary. Origin Events Limf(ed. See Note 8 for furlher details. Aims, Objectives and activities The Board of Trustees has identified The Univergty of Surrey Students. Union's vision and misgon as"To be a leading UK Students. Union that has a poslNe Im￿tt on every UnIVer￿ of Surréy student - To enrich students, lives. the eefnmunity in which they live and the Univergty of Surrey by creating the changes they want and lo enable them to athieve their amb'll￿S.. During 2016117, the board of Iruslees agreed a new five- year strategy lor the Sludenis, Union. This strategy was put lo members for approval during the annual elections and 1847 rn￿berS voted. wilh 89.5% approving the strategy. ￿ key aims frun the strategy are a5 fdlows Page 4

UNIVERsrrY OF SURREY STUDENTS. UNION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 The Union will be proactive in leaming wh our members wanl: By talking more lo our members. giving Ihem the oppcwtunity to tslk lo us- easier and qui(er. and dthng quality research without the burden of endless lengthy surveys, the sabbaticals. and Union executive will have a closer and more relevant understanding of vthat our students think. and what is imFKJrtant lo them. Student leaders will be supported to take action In response to thg Student vol¢e.' To create change, and enrich the lives ol our members. we musl react lo vthal we krkow. Alhough it is important to aCkno%￿edge that we are constrained by ￿Jr charitsble ¢)bJ'eth'ves. Sludenl leaders are not just elected lo deliver on electNJn promises, but lo react to the voice of students. Elected student officers will be supported to deliver on key manrfesto pledges: With a solid foundation of student opinion lo support elected student officers in their decision making, il is also vital that sludenl officers do not simply become messengers. re[￿ting Ihrough committee whal the lalesl suNey results are. The diversity of Kjeas comes from the annual dection procÈss and the r95ultant manifestos. The rewesentative dern￿racy of the Students. Union wtrll be sUPPOrted by enabling elect8d officers, not only to develop Iheir election manifestos, bul lo deliver on them. Students will be well informed on the work of the Union and their representstives: We wll not just lislen silently to our membership but ￿11 inform them of vthal their Union has been doing in their name, and what it conb.nues lo do following what they have told us. By hearing about the impact their voice has made, and how they have been listened to. the credikn.lity of the Union will be enhance and continue a virtuous orde of sludent engagemenl. Students will recognise the Union as an organisation that is true to their values: The way the Students, Union co1￿11"ve1Y operates Is imPKYlant. for the credibib'ty of the ￿ganiSatiOn and the relationships that e￿$t with external Stakeholders as well as with our members. Our values will be rooted in what we do, elected officers. signatories, staff. and all acts.ve members wll be expected to know what is expected of them in the living realisation ol our values. In wrsuit of these aims for W￿1C benefil. The UnNersity of Surrey StLtdents' Union ensure the diversity of its tnembership is recognised, valued and SUPFKJrted and has e5tstAished seNices for4Jse by ils members and lo support ils work wth the UnNgrsity and other organisab.ons on behalf of students. These include the Students. Union supFort service. vdunteering and training. diverse student activib"es. and support for sludenl ¥)orts dLJbs and scKieties. alonggde our commeraal aclNitses %thith include OUT Rubix nightclub. The ExecLrtive Officers of the Union Sit on the malc￿ty d the committees of the univer￿lY ol s￿r￿Y and meet regularfy with deparlmenl and central service heads on campus. The chority trustees have c(Knplie(I vMth their duty as (letemiined by secb.on 17{51 of the Charities Act 2011 having due regard to the Chaniy G￿nmi￿On'S published general ￿ldants concerning the operation of the publtc benefit requiremerrt. Exam timetabling During the COVID-19 pandemi¢, all exams and assessments became digital. Th"s academic year, y￿ have begun to make the Iranslion back to inrson teaching most assessments remaining digital. The UThon President worked in partnership the un￿e￿ty to prohibit asse&vnent dashes to minimise the impact on student wellbeing. one of the Preydenl's manileslo ￿Int$. This has beefi successfully achieved. in the summer exam pericKJ there have b*n Th) examination dashes. Adéilionally. a comprehensive OIGY has been intrcmyuced within a new Code of Practice which specifies an 1&hour gap between exwns of less than 24 hours. resulbng in reality wth a 21>hour gap be￿een each 4 hour long online exam. This wll ensure Ihal students have arjequale ￿$t be￿een exams. safeguarding student outeomes. Graduation ti¢kets One of the Union President's manifesto ot4eclives lo lo¥%er the cost of graduation. intr¢)Yuung free tickets for student and their guests, rwmoving financial barriers. This is parb"¢ularly important this year given that the cosl4)f4iving ctisis has impaded students and their fwnilies. The President worked with trbe University on Ihis prqed and introduced free graduation ceremony b"ckels for students and guests. Thissvill conth"nueforthe fOreseea￿èfutUre and isa positive change we can celebrate Ihal a11 students will have equal aceess lo a graduati￿ ceremony reco9nises their achievements. Page 5

UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Centra14ed carnpaigning The Union PreSId￿t chamKxoned Equality. Thversity and Indus1¢￿ and speatheaded the Union's campaigns and projects. Additionally, the Union President inlrcNYuced a brand-new campaign on Islamophobia Awareness. A video wps created by the Union featuring students and staff explainin9 their personal expenen￿$ of I￿￿nOphOb1a while educatiThJ others on vknal it truly means to be Muslim. In late February. the faced the sudden upheaval crf the eorfflica bth￿n Russia a￿1 Ukraine. %thich impacted several of our member5 and the wder student body. The Union (xganised a peace vigil on the. Univwgty Plaza, led by the President who deliveraj a speech and held a one-minule silence. We also heard from severd people, students. and staff dike. vknowere affected. The Union In cc41atrL)rab"on ￿1th the University provided SUPFM)rt for students Efe impacted. for eX￿[le access to the hardship fund. We also partiC4pated jn the UnIve￿￿S colleth.on of items lo send to the CL￿file1 z(￿e and invited all sludents from Ukraine for a meal and di5cusyon al Ihe Urwon to show solidarity and provide support. Student Union Pulse Outcomes At the time of vrriling, V￿ have seen Iwo results from (wr Siudent Life Pulse survey, ¥thich is conducted by our research partners, Ajlerfine. The Pulse suryey is led by the UnIC￿'S Sludenl Vrice Manager. The Pulse 1 peri(Kl results vore parti￿larlY p09tive ctynpared lo the same peri(xJ in Ihe previous academic year. wlhourfive key opportunities {Ihe Students. Union is maknng me mcAe ernF4oy8ble. I can Influen￿ Union decssion making, the unic￿ has a Fo&tive impacl on my wellbeing. a wsitive impact on my WAal Iile, and Students, Union ee¢nmunicatsons are relevant lo me) all improving. In our Pulse 2 period results ￿ saw a dedine in the fNe OPFthunities. and consequenlly our overall satisfaction. Therefore. we are cL)nscious that as MO￿ ServI￿S becLYne availabe lo students and campus lrfe returns lo face-lo-face. there is a growng sense of C￿npetition for students. lime and attenb'on. We have seen a reductIc￿ in the numbers of students dedare that they a￿ of what Ihe Union's Sabbatical orricers do. TINS 15 a thallenge for the incL¥ning Officer tewn and Chief Executsve to tad(le. Student Union Complaints Summary Followng the University's Quinquennial Review of the Students. Union's goveming dowments, several recommendations were made. One reccmmendats.on that review our cc￿￿laInts and disup1inary Procedures in line wlh Ihe OIA best Practice giNddines. ar¥J this review concluded in August 2021. This year lo dale, we have re¢￿ved 9 cunpAainls, all of vknich Con￿rned incidents that have taken place in our traded venues, and all resolved locally under the early resdull￿ stage of ￿r new Complaints PrLedure. W6 have had no c￿[AaInt pand hearings ijnder the temis of ow new procedure. and no appeals. Ongoing Projects The Students. Union wll be opening a new yxial Spa￿ al Manor Park, replacing the previous Heart and Soul venue, providillg students living the Manor Park campus somewhere close by to connect with others. We aim to have this Project comF4eted in January 2023. ZONE ACTIVITY The work of the Union is presented in fcyJr zCrf￿. v￿Ce, Activity, Suppcfft and Cornm￿1ty. Each zone is led by a VP wth the President in cwerall leadership cl the Unl￿. VOICE ZONE Course RepresenLitives This year. we have locused ￿ a numter ￿ improv￿￿￿tS to the Ctyjrse Rep ￿herne. 'Fir5ty, we digitised an(J standardised PGR Course Rep eleetions. to ensure all Reps across all levds are app)inleiJ dem¢xralically. We have passed a prwosal to intriK1u￿ Head Reps, a Chan￿ deygned lo intxease support for new Reps and bridge communication betwpen Course Reps. the Voice Zone. and senior University leadetship. Thbs role wll be introduced for 22123. Page 6

UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 We have been wvrking lo delN& mC￿e relevant communications. t￿h to students and lo Reps themselves. so have undertaken projects uth University coMmuTh￿tiOns. incluing how we proactively commuThcale with Reps. In semester 2, we ran a Course Rep party to 9ve volunteers a chance to meet and soryalise. %thieh saw highèr attendance than previLX¢S Rep soaals pre-pandemic. Student Voi¢e Forum We continued lo run our Sludenl Vr1￿ Fonjm events ¢xline via Miuosoft Teams Live Events, %thich again saw 8 higher level d attendance than pre-pandemicforum events. Running three sessions between November May. we were joined by over 200 students in February. with attermjance al our other sessions averaging at 130. Topics frxused around student issues. i￿lUding hybrid leaming.and the w￿en'S Safety on Campu5 eampaign. In February, we also gathered data on personal tutors and shared this ￿1th the ongL)ing personal tutor review and di￿￿$sed value for money and Ihe BAME Abberding Gap. In May. welcomed the Provost to hdp presenl our Course Rep Awards. We dixussed assessment and feedback and barriers to student engagement. which both hdp lo Info￿ our ongring research as part of the TEF stUd￿t submission. Democracy AGMS & EGMS: With an unprecedented number of EGMS lakiThJ Fla￿ in semester 1. over 60. the start of the year saw a doublir¥J of the nwnber of EGMS we farilitated in semester 1. I AGMS during AGM season took place utiligng onlirE vob'ng. 4thich ve Will wpose to continue next year due lo the ease of aLKJiling results. In collaborats.on Nhith the Activity Zone. we successfully piloted allowing outgoing committee members to faalilate thwr ovm AGM vots"ng. Th"s reduced Ihe number of AGMS reqiirin9 an officer by rougNy 30Y•. as around 40 grwps opted into Ihe pilot. INe received O complaints about self-run AGMS. and considering the LEnefits of this option. Ihe recommendatTron is lo contsnue wth this aprwach. Make Your Change: This vole I￿k pla￿ in October. Students V￿re asked lo cI￿lse between 5 ideas vknich haé been suL¥nitted by their peers and shortlisled by the sabbatical team. Turnout was lON￿r than the previous year, wth 652 votes cast, and 53% of voters cho)gng Wcffien's Salety on Campus.. Campaign 'wns° induded improvements lo lighting on and off campus. and additi￿1 safety measures being tsken in Rubix. Surrey Decides: Our Officer eleclions ran in Fetrfuary - March. wth all offiw py)siti￿$ being filled for the coming year. S(The elethons went unconlested. in¢ll￿ing Ath"vity Zone and RAG Chair. Our voter lumout. however, was strong. especially in c(¥nparison lo last year. with 3659 students casting their vote. Our charita￿e incentive of ad￿ling a stsg loca ￿ldlIfe charity. Wldlife Aid, was ￿11 received. Co￿elab.ng lo turnout, we adopted 12 de8r and donated £36010 Wildife Aid. 93% cl eaThJidales took part in our caThYidale survey were glad that they stcrf)d in the election. Llberati¢n After il's refom) at last yeals Annual Members. Meeb"rJ, the Liberab"on Nets￿rk has mel multiple lime5 thi5 year with a number of new vdunleer5 joining. The netI￿rk is open to any student to join and is a group of vc4unleers together on events and campaigns to help break drNm barriers. The fi￿1 Liberation Network event. was Empowered Surrey in Novemb8r. an interaclive layre of stalls representing areas of the University and unic￿ ￿lch help siudents gel the most OLrt of their experience. Attendan¢e al the event was gocJ and feedback was pogb"ve. The Zone is also ran a Liberation Week in March. f¢)cused on the concepls of indu&vity and intersectionality. We have also record￿ an Indusive Education Pcwjcasl. featuring the PVC Educ8b"on Osama Khan and the VP Voice talking about the past, present and future of indusivily. Featured VC￿S include the Union President. and one of our kn'beration Net￿rk vdvnleers vtho has L￿n named in the Top 50 Infiuenlia Neurodivergent Women in the UK 2022. Both ￿brary Curalor Proieds this year have been run by Liberation Network vdunteers. Page 7

UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 We have also begun work ￿ a Cost-of-Living campaTrgn, ryking to disseminate Inf￿nali'cfft atK•uI tsx rebates in partnership wlh Hoods Residential. Next year. plan lo in¢yease engagement with the Liberation Network by inlr(MJucing 'Liberalion Leaders.. Decolonising Surreyllnclusive Educatlon The VP Voice has sel up and chaired a new ¥wrking group L¥iginaly fctugng decdonising the curriculum bul Since broadening lo discuss decolonigng all elemenls of the UniVe￿IY experience wlh a focus on inclusive education. The Decdonising sUr￿Y Working Group brings tc4ether interested parties from the University. the UniLM and students. Members indude the Pr(kVice-Chancellor Education and other key slakehdders in the indusve education remit. dongsde interested students. One major prqect emerging frcm Ihe group has been to ￿￿ek)p a t(x)Ikil for students and staff on the practical steps that can be taken lo éecolonise education. an¢J ullimaldy to lover Ihe attainment gap betren BME and ile students. Other work arising from the gTOUP indude wr contritMJb"ons to the Race Equality Charter applicats"on, the promotion of the library s student CUratC￿ prqert. di$￿$s0n5 around dispropo￿.0￿8Ie academic appeal rates frcmn the BAME sludent c(Mmmunity. In congjllalion wth Esal Ajpay. cJJrrent lead fcf Indusive Edutskn"on. V+e a￿ considering tha"1 this group may be fomalised into the University's educational governan￿. The Zone is very Fleased that this group has had sv¢h a Signifi￿￿1 ¥npact on.the Urivwsily's approach to indusive leamiThJ. Academic Interests and Student Journey Projects Achng on ￿idelY felt concerns abwl the quality and c￿￿stencY of hY￿)d Iw¥ng, the VP Voice has worked th thè University to pass their Ftybrid Leaming Principles. a Captured Content Pr(yeedure, and a new Code. of Practice for S¢hedvling of Teaching and Assessmenl. We've also contritxjted to the review of a new Leaming Analytics C(MJe of Prath'ce. and the COP for Student Engagement. Leaming Analytscs and Attendance M￿ltOring ￿at[C￿M$ are due to launch in the next academi year. wth the Zone conthbuting lo the deggn and imF4ementation of these tools. We have represented students, interests on the devdopment of both altemab.ve study spaces lo mib.gate the impact of the summer knbrary overnight dOsu￿s. and in the renovations of new leathing spaces, including how to minimise disruption during exams lo nearby ac£cmmodalion, gathering udent feedback on inrK)vative furnishing, arKI ensuring the consideration ￿ accessibility. Te￿hIng Excellence Framework The Zone has begun Wofk on the sludenl sutffii&sion the TEF. We are partnering with Ajlerfine to conduct research for the submisgon. via the Pulse wrvey and by conducts'ng an online research ccthmunily vAth Black students over the summer. We are tsJrrenlly aso collating data fr(Mn the past 3 years frcxn Pulse, Sludenl Voice Forum. and other insights we have gathered in order to ensure a detailed and accurate submisson. Our research is framed around three key themes- assessment and feedback. sludenl voice, and vdue for money. The VP Voice sits ￿ the University's TEF G(p4emance Pand. ACTIVITY ZONE Clubs and Societies The Activity Zone's clubs. and swelies have continu&J to imwess us wth Iheir ValUa￿e contribution to the sludenl experience at Surrey. Membership nLwnbers Ih"s year have hit a new ￿COrd. wlh the highest number of individu81 membership ggn ups we have w record, Mth over 11,537+ rnemberships bought and 5,272+ .studenls signed up to a dub or ￿lety! Anime and Manga have t(pped the record with a huge 500 sign ups lo their society alone. We also saw the successful retum of many major ever4ts. induding Varsity, UnionlColou(s Ball, (>adSFQrt {wilh thanks lo Team s￿ey1), and mfft. Highlights for Team Surrey clubs include- The President of the Swmming Qub Co fcwjnding The British University Sbsimming League IBUSL). An impressve total of 52 leams signed up to the BUSL in ils inaugural year vknich Means more.lhan 1,300 swmmers have competed across Ihe leag￿'S 13 conferences gnce Odci)ef 2021. Surrey was placed in Conference 11 vthefe they came out on lop against Oxf¢xd. Oxf(*d Brc¥)kes and Brunel vknile breaking 12 BUSL records in the Pfocess. Page 8

UNNERs￿y OF SURREY STUDENTS, UNION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Societie5 have equally impressed in their efforts this ye¥- Islamic &oety raised an incredible £35.000 in partnership vAth Islamic Rdief their charity week. This year the charity focused on emergency healthcare and e(ju¢2tiC￿ in c(wnlries as Rohingy8. Gaza, Chechnya, Bosnia, and Turkey. Stage Crew have continued thwr hard vh)rk hdFrfng lo njn a huge range of events, not C￿lY for the Union but also for our clubs and societies as well as the Unive￿ty. Stage Crew are consistently upskilling their membets vthich is evident in the number of alumni ￿￿0 r￿ have carews in the entertainment industry. Consulting society has proved to be proactNe, managing to secure investments frc¥n a local firm and KPMG. They also rewesented Ihe univer9ty in Ihe Bright Net￿rk case studies link up. amed at helping their members to become more ￿￿￿oYable. Employable Me. This year we partnered wth Ihe Employa￿lity and Careers team lo try and ￿)rk on a continued regular and consistent Employ8bleMe message gThng out to our students. As the EmFAoyability and Careers team have new staff mwnbers it was a great lime to refresh our ideas and come up wth new vtays lo ensu￿ our studenls were understanding the idea d the EmployeMe ¢￿paign. We also hdd an Ern￿oYab1eme week in vknich had some on campus. in-person events. such as CV Workshopsl headshot workshops whereby students could c(ffie and get their Linke(Iln headshot photos done forfree. these proved to be extremely popular 7Mth al slols bcK>ked up. FUrthe￿ore. dubs and societies were able lo beo)me rn0￿ irryolved than ever in ￿OYat￿lIfy by CLXnp￿eting the"EmF4oyabteMe STARS Badge" Finally, Ath"vity Zone Lfficer. Eimanlas Budrys. cc41ated a list of all the emF4oyability services that the University offers, which will allow students lo easly acc￿ all the emF4oyability and careers content straight fr¢Jn the Union's EmFAoyable Me wetpage. Once urAoaded. this will help students to a￿sS the services available. Female TakeoverMomen•only sessions The 27th of November 2021 the retum of FemJe Takeover. for the first thme since 2019. This free event created a fun, friendly and safe space for female students * University of Surrey to exercjse 8t SSP thile the building is dosed to I1￿ puiAic. The event saw 192 vK¥men sgn up. and befv4een 7-9pm. the SSP le￿ ￿feMale insiructors and coaches ran sessions covering a range of activities induding Netball. Badminton, Sdf-Defence. Squash,.Swimming and Yoga. There was also open gym a￿sS and lrfting V+Y¥kshops that t¢XJk place during t￿"S time slot. a￿1 a Glow AerobiGS finale to round off the even For the first kn'nle ￿er, the VP Ad"wty secured free wtAic bus travel auoss Guildford for women attending Ihe event, courtesy of Stagecoach and Nmth thanks lo Chief Operabng Olficer, Andy Chalklin and Transport Manager. Ed Nelson. Part of the VP Activity's manifesto was lo estsblish a sea￿d Female Tak￿￿er in semesier 2. however this an was adapted and changed to foLUS ￿ creating ￿ntinuoUS ¥then-only sessions at SSP and highlighting the oppK)rtunilies lor women in srM)rt. With the help of Team Surrey arKI part-time Activity Zcfie Offi￿r. Ami Tudorache. SSP hosted women-only Self Defence dasses ￿nMen￿nIY ycga. which had a rough average attendance of 20 students Ihrthjghcwt the months per event. STAR$ Awards This year. the VP Activity revamped the dub and sThieties"STARS awards- system. This saw Ihe intrcmluclion of five brand-new 'STARS badges" vthich C￿1￿ be c(4lecled, via achieving and submitting KPI'S ￿lating 10 that badge. The five badges are= Communrty, CdlatKation. EDI, Employ3bleMe, Wellbeing. By collectsng all five badges. the soaety atheve'Gold STARS". vthich highli*ts them as a group that went above and beyond. Page 9

UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Give It A Go week: The VP Aeth"vty revamped 'Get Invdved, eek In N￿ember and remarl(eted it as 'Give 11 A GO, week: an opportunilyfor students to have another Yirsf attempt atjotning s&￿$ clubs and societies, promob'ng inclusion and participation. 45 dubslsouetie5 look part. and a se11￿Ut"RutxX laser tag a150 took p4ace. ClublSo¢igty Space: This year the VP Ath"vity successfully challew the University to rdiTh]uish th￿r use of hena C al SSP for COVID lesling. This was a masgve as it all0￿ed some dubs. suth as Archery. to restart th￿r sessons. bul also allowed for m(xe BUCS crxnpetib'on to resume al SSP. The Activity Zone Manager ensured that all clybs and societies had space lo successfully hosl ses&ons and restart post-pandemic, ￿lch induded an increased use of GSA space for student actNity. Finally. ?th thanks to Educabon Prtyjramme Manager, Steve H(N)le and the VP V¢ice. the VP Achvity ensured that $C￿letieS were not forgotten in the FAans for renovation arr)und Ihe University. and this saw a gjccessful ne901iab.on frx mcwe ¥&rung flwring in renovated spaces.. This allows more physical activity to safdy lake place on the Stag Hill camws. Ihe Union's Activity Ccordinalor was instrumental in ￿l¢Xab'ng gxielies whilst tyJildin9 *Drks took place. ' Varsity This year as a key maThfestO FoinL the VP Actiwty ￿rked hard with Chief Student. Offiw, Lucy Evans, lo estsblish a day off for Varsity. The Univer&ty has now induded in Iheir ts"metabling legislabon that the impact on sludenl studies on days of major events, yjch as Vargty. should be minimal. Thiscould also apply for large scale Universitylunion events, txjl also Big BUCS Wednesday should this o(£ur. Theref￿e. iaplured content is now encour&Jed, thus allo￿ng sludents lo catch up on their missed stLKJy and allowng them a day off. In addition lo this. Tean Surrey again yjccessful at Varsity and convinangty beal Royal Hdlow8y to reclaim the Varsity trophy. In the future, we w￿jId like lo work Ihe University to assist students balancing their studies with representing the UnIve￿ty in a ¥Kxting capacity. Departmental Societies: The VP Activity and VP V(Mce have wJrked dosely this year Pro-Vice-ChancellLY. Osama Khan on departmentsl socieb"es. The aim is to link Departmenlal Societies more dosely wth their department, their course reps, and university staff. We h￿e 9 societies in the trial run. and feedback has been very positwe. We have had additional wins for other societies that ccyJld be in our scheme have wor1(ed wlh their departments.. such as both WLynen in Engineering and ChemEng Sweties receiving funds from their departments to SUPPL%t their y)aety. SUPPORT ZONE Acadernic Advice The Supp¢yt Zone once again has seen an increase in the number of students il has supported in academi advice, ￿th MO￿ PGRS than ever seeking support on prLKesse5 such as UAPS. Overall, there has been an increase in the number of students accesyng the athl￿ Servi￿ (from 2460 In 20121 to 3023 in 211221. The athl￿ le￿, together wth the Satbatical ￿ficerS. also prcNided representative consultation on some d the UniverS￿'eS proposed d)anged to the regulab"ons. We are pleased to see that these changes include the Students, Unions proposal lo implement changes to the Regulabons for Academie Inlegrty. Last year, we sutynitted the proposal lo widen the r8roe of penajties gNen for misconduct lo studenls. The University have. path.ally accepted this woposal and have added an additional. le&s severe penalty lo the regulations which should suppcrt more students with their prc¥3ression. Housing Advice This year we have also introjuced hwsing athi¢e to the seThice, ￿1¢h has been ￿0W and steady hmth 84 students reaching otst for housing supwrt. We dso SUpp￿ed students thr(￿gh a Housiro Advice week, ￿lch introduced our Speed-maling event lo find fthsemates and meel new people. Page 10

UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Welfare Watch Welfare Watch relaunthed this year in Freslrfs week a￿1 sUpp￿rfted 94 students throughout the year on Wednesdays and Fridays. Due to volunteer numbers, they were unable lo open every night, hoviever, had good numbers and contacts ￿ the nighls Ihey ￿re open. We CA)ntinue to foster a gorxs relationship with Flsk Solutions, lo support students Yknen they aren'l all¢)weé into RutNx. or for those who are asked to leave. Additionally, Welfare Watch gjpwted events associated with NOM0￿ veek such as'kn'ght up the Night,, and the Pnority Campaign. Student Minds Student Minds have continued Ihar support t￿lering this academic year for students wtlh low mood and depression at Universty, through a range of grcwj faulitati"(x sessions. foojs on different themes for covery Followng the suecess of Positive Minds. this year we launched a second gJpport group aimed al students experienang EatiTrJ Difficulties. Whilst the launth of the f￿e-I￿face Eating tJ"fficullies Supp Group saw low numbers. are pleased to say that the online sut4)ort groups have been very well attend by students. and we will c￿nty'nUe tris (￿lIne provison into the next academic year. Nightllne Followir¥J Ihe pandemic. Nightjine have been able lo re-engage students via letephone and Instant Messaging seNice this year. We welcomed lour trairmng cydes in the first semester. lo increase volunleer numbers. alongside an addikn.onal semester iraining cyde. Despite efforts to increase VLlunteer nLMnbers. Nighuine failed lo open as con&slenUy as we 4Mwld have liked_ There are plans for the new training officer5 and committee lo look at the recruitrnent arKJ training prcKess to ensure more dedicated and well-lrained volunteers for the next ac8demic year. to increase the ttfflgslency of opening ts"me& No More to Sexual Wiolence and Misconduct One d the rnore memLYable Support Z￿e campaigns is #Nomore Weel vthich says 'No More, to sexual violence and misconduct on &wnpus. We ran this in ccllaboration wilh Ihe ¥thole Ur￿On as part of the Priority Campaign.. Women's Safely. Ono again. the cwnpaign Wds a huge success and saw hundreds of students take part in our'Light Up The Nighy marth, culminating in 'knght up the Lake. testsmonies and speeches. One of the highlights of the campaign was installing a Washing line. through the Leclure Theatre Concourse. hanging 78 individua pl￿S of underwear.. one for eath student reported harassrnenl. bullying or sexual MIS￿nd￿￿. through Rewrt+Supwt in Ihe la year. Followng the campagn, the Ur4veNty and local Ccwwl have ccmmitted lo look al campus and community lighb'ng lo make areas safer. The University have ￿$0 agreed to an additional five SVLOS. y￿￿(1￿g wth security lo suprAYt students lod(ed wt of Iheir acc4ynmc￿a1l0n, and are Irm?￿n9 into the survivor experience of reporfJ'n9. The Union have aso made ccfftmilments to ensure more bystander training for those attending iLoveTour arKI ensuring that teskn'ng eqLipment is available in RubÉx to check drink spiking. Work coth'nues wth the UnIve￿ty in ensuring thal the Consent Course is more aC￿ssIble to stlKlents. We continue to lobby Ihe UnNersity lo make the course cc¥npLAsory for all students al pre-registration. SHAG Campalgn As part of the VP SupFK)rt manrfesto, sexu￿ Health and Guidance on campus was kn'gger and better this year. ith four SHAG Days celebrated 1hrojgh￿t the year. Eath day focused on key themes such as Sexual Safety, Consent, LGBTQ+ and STIS. Freetrx"es ¥%Ere given out. as thell as sex edueab.on and safety infomation. Period Poverty. A manileslo point of thè VP Suprx)rt was lo rnake sanitary products availaLle lo all students a￿1 staff th81 need them. The Period Poverty Prilect successfully launched cm Ihe 30th March 2022 in 8 locations a¢70SS all 3 University of Surrey campuses. The Library and the Hive are proving to be the ￿ most popular locab.ons to retrieve pr(Klucts wth the library usng 50% of ils original stock Nbithin 2 days of the launch. Page11

UNIVERSITY OF SURREY STUDENTS. UNION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 COMMUNITY ZONE To ensure that the 2021-22 academic year was successlul fcAloNMng COWD-19's after-effeds.. we￿e worked l1rde5￿Y lo a[fvan￿ Surrey's overall sludenl experience by bringing even more students together and ensuring all feel part of our C￿Munity here. Arnid ever-changing student trends and macro un￿rtainlIeS.. we have focused on our Zone's core remits by building on previous successes, Ythilst 'ty"ng things, aeross enlertsinmenl and everts", fundraigng", sustaina￿lIty.. volunteering., and more. Movlng4n Weekend and Freshers. Week We delivered another successful Moving-in Weekend. Supported by 140+ strong vc4unteers.' this opgration ran smoothly, ￿th support and safety guidance 12re1￿lY c£Mmmunicated to all. An 'Angels Party. was fijrther arranged in Hari's Bar for our vdunleers V•ilh awards presented to recognise outstanding effort welcoming students arriving to Surrey during uncertain t¥nes. This party was very well attended and, aowJside Moving- in Weekend, was very well received. Freshers, Fair was held in The Marquee lo st￿9 attendance and partiopation from students. There were fewer restrictions compared lo last year. with our one-way walknng system. engjring more Clubs and Societies benefited frc¥m a presen￿ on PATS Fidd. Feedback regardiThJ the Fair was very F#)sibve overall. and VE wdcomed the m05t Club and Society memberships sign-ups ever achieved- coupled with the most Clubs Societs'es running actsvity on PATS Field also. Imany other UK uriver&b'es did not matth c4Jr level of in-person F￿$her$, Fair engagement). Llving Off-campus Guide 2022 We ereated an informative living off<ampus guide in partnership with the Public Engagement Team, and jointly also launthed the local Surrey'#LelGuildfordSeep' campaign. Both support students living locally and our continual work to build relati￿ShIpS ￿1th the local community. Hlghlight Events We have hosted many showcase events thr￿￿rt year. The list below is nol exhaustive. Univision-the UK'S larg8sI Inter￿n1VersitY song conte5t- gJcces51ully Sold￿ UnNersity Hall and streamed lo many MO￿ online. 600+ public votes ¥we given during only a 20minute vth.ng window. alongside judges, seores, where the Univergty of Southampton V•vn. We ￿elComed, and accornmodated, colleagues from the University of Oxford, Academy of Contemprxary Musc, Universty for the Creatve Arts, Car(tiff University, University of Readng. and University of Swlhamplon Stwj Hill for rehearsals, main show. and an afterparty. One w￿ld Gala - S￿¥￿Se extravagaroa of dance and music from our very ovm cuttural"Socielies- successfully returned to G ￿ve wlh strong attendance and Vie￿rship online. Gala this year featured the Univision 2022 irailer debut, as Lexie Dufficy (Surrey's chosen Univision acll was reintroduced lo audiences by the Vice President. Community. We featured 13 other performances ar￿, exlemJly, a local Thituvalhira dan￿ group then perforned. Winter Ball . The Vice p￿Sident, Clxnmunty - as a key manrfeslo wnl - designed. co-hosted, the Unions, first Winter Ball ￿th Surrey ABACUS pr￿dent. Jo Yau.. the Cofflmunily Team.. and Sta9e Crew. sUr￿Y Dance Squad". BallrLKffl and Lab"n Dance Club,. Japanese Society", and Korean Inlemalional Students. Society. perfomied in The Marquee. We sold out *fjthin three days. Free Fest - This free festiva5 retumed this year in line wth The Queen's Platinwn Jubilee Central Weekend. There was an outdoor cinema on the Saturday, and student fflugc perfomances on the Sunday. There were foc¥J vendors. decorabons arKI attraclions across both days. and it was well attended by public. Union Ball and Colours Ball- Ourannual bals relum￿ lo G Liveto str￿9 attendance frc¥n students. despite lack of annual event continuity due to Cov1￿19. This year's showembraced new RAG (Raising and Giving) Awards lo refled our work this year to whdly e$la￿lsh a RAG CLllure' al Surrey. Page 12

UNIVERSITY OF SURREY STUDENTS. UNION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Raising and Giving {RAGI To ensure we create a 'RAG Culture. across Surrey, vE've" made many intemal stn￿tural ehanges to RAG such as wdening the ranil of Treasurer to indude RAG Representstive duties: 'Attending RAG Ccffimittee tw.ce a year {On￿ a semester).. 'Ensuring all fundraisng income is retKrted through RAG_, 'Liaising with the Union's RAG Char for any con¢ems over d(￿tiOnS or fundraisng.. 'Supporting the Union V•ith Ihe organisation and prcmnob.on of RAG events and campaigns.. For RAG Week we held a Dance Festival in Marquee. vAth the Univer5rty's Kilimanjaro Team, featuring performances by Ballrocxn & Latin Dance.. SuT￿Y Angds Cheerfeading Team,. Surrey Dan￿ Squad and Lexie Dufficy. We also hosted a karaoke night at The Bench in Surrey Sports Park I'Ka-RAG-oke'l attended by 50+ students in suprx)rt of partner charilies RaintKM Trust and Azheimerfs Sooety. We then ran. a 'Sleep Out, to bring awareness to homeleswess Kelly's Guildfofd 10K and SK Run.. Kelly s Guildford 10K and SK run is a collathyation between Kelly's Storage Icharity Eventsl and the Students, Union. This year marked ￿luM fdlowng COVID-19 resth'th'ons. We began fr(￿ Austsn Peace Plaza. The run supported Alzheimerfs Souety and the RainiN)w Trl￿ ((yJr tY+O partnef chanlies) in addition lo Oakleaf Enterwse. The event went well and 300+ runnws registered lo join- with many students doing so on behalf of their respective Club or Sw"ety. Safety on Camptss.. We've introduced 'Ask for Angela, into Rubix, and Welfare Walth conts.nues to operate on Rubix nights, wlh our first ad team remaining dedicated lo providing ￿-$lIe 3sgslance if needed. Security conduct searches randomly and the Vice Pre9d￿l CLYnmunity c£pchaired this year's Late Night Safety For￿￿", featuring Pubwaich. Ihe police, and Vice Pre&denl. SuppL)rL We contaded SuT￿Y County Council to suc￿sSfUllY ensure that the streetlights behind GSA on route to Southway remain lil between 1am and 5am. We also Ir*A)ied for light installations on the Lake's walkway.. and we supported the Support Zone wth our 'Lighl up the Night. walk. in reixKJnib'on of every student vkno has experienced sexual assauli or harassment Wal￿"n9 IK)me.

Sustainablesurrey..

The #Suslainablesurrey hashtag was this year used to identify and ￿l9￿Idate sustainatslity-related ccrns by the Union and UThversity. The Union also ccx)rdinateil litter rmcks lo supprxt Surrey's work to becc¥ne hedgehog-friendly campus and held cc¥Ymunity shdf discusgons. Volunteering Awards: We further recognised and cdebraled many outstanding vdunleeriThJ achievements through the Union's first- ever'vdunteering Awards and End of Year Sh¢)w Pre•Paty' in Hari's Bar. In add￿on to 'Citizenship Awards. awarded for 'rna￿ng us a closer part of the commurity at sUr￿Y' _ Bronze Awards were awarded for 100+ approved vdunleering hours, S'lver for 2￿+ h¢yJrs, Gcld for 500+ hcNJrs. and Pl8linum lastly for 1000+ hours. 180+ awards were presented. Fundraising The Union itself had no fvndraigThJ activities req￿rirffJ disdoswe under S162A of tl Charities Art 2011. Future Plans The strate9y agreed by members in Febnjary 2017 was successfully embedded within the Union structure and remains in Pla￿ urslil the end of 2022_ With the inlrcxluctr'on of a new CEO lo the Union-. Aex McKee is lookin9 al future plans and a new strategy vthich wll be impl￿ented in 2023. Financial reviow USSU has continued lo benefit frcm the recconition arml Supp￿ of the UnTveNty. and this year received an annual &od( Grant of £1.272,000. There has been less Covid impad this year vknich has resulted in income generated from the Rut'x Thghldub increagng to near pre-pandemic levels. The nel mOv￿e'nI for the year is £19,06012021'. £6,034). Page 13

UNIVERSITY OF SURREY STUDENTS, UNION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 Reserves Pollcy The Board of Trustees reviews the Student Unions. Rosfr￿e Pdicy an[￿lly. The Board of Truslees.have deterrnined that the appropriale I￿e4 of reseThes sh￿Id be £300,000 cash Iwthich 15 approximately 3 month5 salariesl. however thi5 wll face furfhÈr Or￿j￿￿9 review. The reasc¥i for th's reserve is lo pnjvide enough working capital and to dea ith unexpeded emergenue& In fulure yw captd mainlenance and development projects may be con&dered in rhe reserve5 policy review. After deducting the carTring value ￿ tsngilje fixed a&%ets held for the Stu(lenl Union's use Ihare ￿re free reseNes as define(I by the Charity C1￿mi￿on of £403.598 {2021'. £497,102). The Students. UNon cash reseNes as of 31 2021 £682.483. The cash reserve as at the 31 July 2022 is £744.823 {an increase of£62,3401 The key management personnel undèrstsThJ thal the Sttsjents. Union weds to marntsin an approwiale level of reswes. in or(Jwto provi¢Je sthoenl capilalto can cccur beN4wI 4ni*ng and I￿p1 of income. Custodian Activities: Clubs. & Soci•ti•s' Funds USSU acts as custodian for fvnds raised by the students, amounDrKJ to £198.261 on 31 July 2022. £670,446 Paid in and £643.28.9 paid out of the dubs and socielie¥ lunds; rnade up Qf a totat of 20.096 transa¢tions lor the year. TI￿se funds are.￿presented rn the finan081 accx)unts system under sep8r8te Reslrtcted Income Fund cost codes so Clubs, & Swetres bélar￿ are known èt all ts"mes. In add￿'On lo the grant-surwt funds it disburses to them. as shown in the acrA)unts. USSU is also custodian rf the annual RAG proceeds frr#n fundraigro events orgar¥sed by the st(thnts under USSU auspices lor Islribulion to thg tntended charrtJ"e Future Fundm The 8oard of Trustees remoin in ccrfyjitalion cl evalU￿Ing suffi¢iert lundTrn9 for USSU to meet all its . obligations. Trn5t¢es' ResponslbJlllle$ Charity law requiro us as the tharity Twslees to p￿pare annual fir￿￿l￿1 statements giving a twe and fair view of the state of affairs of Ihe Students, arwj ol the Surplus ty defKil lor Ihat year. In preparing th)se finanoal are w￿red to.'- seled the most suilaue a¢counting pdiaes and apply Ihem consstently. makejudgemenls artd esiimates that are reasonatJ& and prtsdent. prepare the finanaal statements cn a going concem bass unless il Is not aFpropriate to pre5urne Ihal Ihe Union wll continue in business. State il Ihe Iru5t8es were rKJt entTrlled to take athartage of the smdl ccfflpanies, exeniF4"ion from the fequir￿ent to prepare a strategic re[￿. The Trustees are responsible fcrf keepirrtj proper accounting reo)rds vthith disdose with ieax)nable a￿LIracY at any b.me the finanoal posibon of the charily aTrJ enable us to ensure Ihat the fiThan(%al S￿1￿entS ccffip th charity law and the particular requiremenis of Surw Students. Union urKler Ihe Education Act 1994. The Trusl¢¢s afe also responsiblè lor safeguardiry Ihe assets of Ihe thanty and èngjring their proper aFplicatiDr7 in ac£ordan¢e wlh tharity law. and hence forlaking reasona￿& steps for Ihe preventiM and detection offraud an¢J other irregL￿aritse￿ Trustee On Behall of the Board- ts'ana Dakik D81e'. 03 11 22 Page 14

A Crowe INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE UNIVERSITY OF SURREY STUDENTS, UNION Opinion We have audited Ihe finanoal statements of University d Surrey st￿ents. Union for the year ended 31 July 2022 whith c(Mnpnse the Group Statement of Finanual AclNities. the Group and Company Balan Sheels, the Group Cash Flow Stslement and the noles lo the finanoal slalements, including a svmmary of ggnificant acc¢JJnts"ng pc4icies. The finan￿al reKKyt"ng frame¥K)rk that has been ar¢)lied in their . preparation is applicable law and United Kingdom Acc(yJnling Standards, incluth'ng Finanual Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and RepU￿1C of Ireland (United Kingdom Generally Accepted Accrxjnting Pfacbce}. In our cynion the finanoal stslements-. gwe a true and fair view of the state d the S￿￿p.S and the tharitable company's affairs as at 31 July 2022 and of the group's Inc￿ling ￿%￿rCeS and application of resour￿$. induding its ineome and expenditure for the year then ended". have been propedy prepared in accordan￿ vthlh Urited KiNJkn) Generaly Accepled Accounling Practice: and have been prepared in arxordance with the requirements of the Ccffipanies Act 2006. Basis for opinion We ￿ndUcted our audit in accordance with InteMatic￿aI Slan¢Jards on Auditing {UKI IISAS {UKI} a￿1 applicat4e law. Our" responsibilifies under those standards are further described in the Auditorfs re5ponsitMlitie5 for the audit ol the finanoal statements section ol our repcxt- We are independent of the group and charitable wnpany in awdance with the ethical requirements that are relevant to our audit the finanaal statements in the UK, induding the FRC'S Ethical Standard. ènd we have fulfilled our other ethical responsit)ilities in acccxdance with these requirements. We believe that the audil eviden￿ ￿ have obtained is yjfficient a￿1 appropriate to provide a basis for our O￿niOn. Conclusions relating to going concern In audits.ng the financial statements. we h￿e concludoi Ihal the t￿Slee5. use of.the gcing cxmcem basis ol a¢￿￿nIng in the preparatiw of the finanoal stalemenls is approwate. Based on the th we have perfC￿ied. have not idwtified any merial uncert.ainties relating lo events or conditions that. individually or cdlertwely, may cast ggnrficant d(yJbl on the group and the tharitable companls akn.lily to continue as a going ry)ncem for a peric¥J of at least twelve m¢)nlhs freffi when the finanaal statements are authorised for issue. Our responsibilitses and the resrthsit#lilies of the trustees ith resp￿1 lo ￿Ang I￿nCern are described in the relevant sections of this rep￿t. Page 15

A Crowe INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF THE UNIVERSITY OF SURREY STUDENTS, UNION (CONTINUED) 'Other information The trustees are res[￿nsIble for the other infwnaticfft contained within Ihe annual report. The other infwiation comprises the informalion induded in the annual rerM)rt. other than Ihe finanaal statements and our auditor's repwjrt thereon. Our opnion financial slalements does not cover the other information and. except to the extent otherw$8 ex￿1{atty slated in our rep)rt. ￿ thj not exp￿$$ any fL of assuran￿ concluson thereon. Our responsibility is lo read the other infom)akn"on and, in doing ￿. c(nsider vthether the other infomialion is materially in￿SIstenI wlh the finanaal Stat￿ne￿I5 our knth￿e￿ge obtained in the audit or olhemse appears lo be malefially misstated. 11 we idents.fy such malerial inconsislencies or appa￿nI material. rnisstalemenls, we are required to detemiine vtheiher this gives rise to a material rriisstalernent in the financial statements Ihemselves. If, based ￿ the v￿k V+E have perfomied, we conclude that there is a material misstatement of this other infom)ation. ve are required to report that lacl. We have nothing lo rewrt in this regard. Opinions on Qthgr matters prescribed by the Companies P£t 2006 In ¢JJr opinion based on the %w)rk undertaken in the etyjrse of (yJr autht the infomath.on gwen in the trustees. report, whith Indudes the directors. report prepared for the purptsses of company law, for the finanaa year lor vknith the finanoal slatemenls are prepared is consistent ￿th the financial slalemenls", and the directors, Teport induded within the trustees. rep)rt have been prepared in attordance wlh applicatde legal requiremenls. Matters on which we are required to report by exeeptton In light Ll the kI￿edge and understsnding of the group and CharIts￿e cunpany and its environment obtained in the course of the audit. ￿ have nol identified Materi￿ misststements in the directors, report included wthin the tnjstees. report. We have nothing to reKKJrt in respect ot the fc4lowng matters in relation to vknith the Comp￿leS Act 201 requires us lo report to you if. in our opinion.. adequate and proper aCC(￿nting records have not been kept. c the financial statements are n(rt in agreemenl the acccKJnting records and retums.. or certain disclosurès of Irustees, remunerath.on S￿[fied by law are not made.. or we have not retsived all the infomiabrm and exFAanats(ms we require for wr audt Responslbilities of trustees As expAained more fully in Ihe truslee5' respon5ibililies slatemenl on page 14 the trustees (who a￿ also the direclcffjs of the charitaL￿e ccfflpany for the purposes of company lawl are responsible for the preparation of the finanraal statements and for bang sabsfied thal they gve a true and fair view. and for such intemal control as the tnjstees detemiine is r*cessèry lo enable the preparation ￿ financial slalemenls that are free from material mi&stalernent. ￿ether due to fraud or error. Page 16

A Crowe INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE UNIVERsrrY OF SURREY STUDENTS, UNION (CONTINUED) .In preparing the finanoal statements. the truslees are resp￿$ble for assessing the group's or the charitsble company's ability lo ¢￿tinUe as a wng cortem. disclogng, as applicatde, matters ￿lated to going concern and using the gc¥ng concem basis of accLNJnling unle&s the Iruslees either inlen(J lo liquidate the charIta￿e cefflpany or to cease operatior6. or have no reaistic altemalNe bul to do $0. Audltovs responsibilities for the audit of the financial statements Our objeth'ves are lo obtain reasonatAe aswrance al¥Jut Nvl)elher the finan(yal slalwnents as a whole are free from material misstatement. whether due lo fraud or error. and Io iSgAJe an auditorfs report that indudes our opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a material misslatement when il exists. . Misstatements can anse fr￿ fraud or error and are tyjngde￿d matertal If, i￿$[Vidually or in the aggregate. they could reasonably be expecled to infiuenee the ￿K#niC ijecigons crf users tsken C￿ Ihe ba&s of these financial slalements. Detai15 of the extenl to which the audit Wds wnsidered capai4e CO delecb.ng irwularities. indLMJing fraud aThJ non-wmpliance ￿th laws and regulations are set out b810w. A further description of rewngbilibes fly the wdit of the financial statements is located on the Financial Reportin9"C(MJnol's webgte at.. wMv.frc. -uklaudi nsibili This description forms part of our auditorfs report. . Extent to" vthich the audit was considered capable of detecting irregularities. including fraud Irregularilies. induding fraud. are instsnces of n￿-coMpliance ¥Mth laws and regulats"ons. We"idenlified and assessed the risks of Mate￿al misstalemenl of the financ4al statements fr￿ irregularities, whether due lo fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures reswMsive to I￿)se risks. induth'ng ctstaining audit bvidence suffioent and apwopriate to provide a basis fof our oynion. We obtained an understsnding of the legal arKI regukitory fraM￿th$ within %thich the group and the charitable company opeiates. focusing on Ihose laws aThJ regulabons that have a direct effect" on the deteminabon of material amounts disdowres in the financial ststements. The la￿ and regulatsons we considered in Ihis eonlext were the CL¥npanies Acl 2￿6 and the Charitses Acl 2011 together ￿1th the Charities SORP IFRS 1021. We assessed the required c(YnFllan￿ wth these laws and regulations as part of our audit procedu￿ on the related finanoal statement items. In addition, vo considered provisions of other laws and regulati￿$ that do not have a d1￿ct effect on the rinanL?al slalemenls but CcrnF4lan￿ V+ilh ￿lch rnight L* furKlamenlal lo the grwp or charitable company's ability lo operate or lo avc¥d a Mat￿1a1 penally. We algj considered the opportunities and incentives that may exist wthin the group or chanta￿e c£xmpanyfor fraud. The laws and regulations we considered in this context ￿re General Dats Protecting Regulations, Health and Safety Safeguarding d students. Auditing slandards limit the required audit procedures to identify non-cOrn￿1anCe ¥Mlh these laws and iegulalions lo enquiry of the Trustees and other fflanagemenl and Inspecti￿ of regulatory and lega correspondence. if any: Page 17

A Crowe INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE UNIVERsrrY OF SURREY STUDENTS, UNION (CONTINUED) We ident'fied the greatest risk of materia impact on thefinanraal statemeTrts frcffl irregularith"es, induding fraud, to be vAlhin the liming of reccJnitson of incc¥ne and the override of contrds by management. Our audit prwedures lo ￿Spond lo these risks induded enquiries of management, and the Trustee Committee about their oym identification and assessment of the risks of I￿egUlarl11e5. samF4e lesh.ng on the pc6ting of joumals and income, reviewing a￿OUntIng estimales biases. reviewng regulatory c￿eSpondence wth.the Char¢ty Commission, and readin9 minutes of meelin9s of those charge(J with wemance. ng to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected som8 merial misslalemenls in tre finanual slalements. even though we have property ￿anned and perftymed our audrt in accordance wth au<*ting standards. For examrAe. the further removed non-COTnF4iance with laws and regulations lirregularitiesl is frcKn the events aThJ transactions reflected in the financial statements, the le&8 likely Ihe inherently limited prctedures required by auditing standards V•ould identify it. In add￿on. as wth any audit, there remained a higher risk of non4leledbon of irregularits"es. as these may invclve collusion. forgery, intentional omissions, misrepresentatsrms. or Ihe o4erride of intemal contrds. We are not responsible for prevenling non-comp11ar￿ and cannot be eXp￿ted lo detect ntjl-C(M￿i3n￿ with all laws and regulations. Use of our report This reith is made solely lo the charita￿e fJYI!pany's M￿bers, as a bcx1y. in accordance with Chapter 3 of part 16 of the C￿panIeS Act 2006. Our audit w¢yk has undertaken so that we might slate lo the charilat4e company's mernbers and trustees Ihose matters we are required lo stale lo them in an audilorfs report and for no olher purp¢x. To the tullest extenl pernitted by law. V￿ do not accept or a55urne responsibility lo anYC￿e other than the chanlable c(xnpany. the charitable company's members as a body and the charitable company's Iruslees as a bcxjy, for (Mjr audit work. fly IfrNs rep￿1. or for the opiThons we have fcffted. Alastair Lyon Senior Slalutory Auditc and on behalf of Crowe V.K. LLP Slalulory Auditor Reading Dated - 3 November 2022 Page 18

UNIVERSITY OF SURREY STUDENTS, UNION STATEMENT OF CONSOLIDATED FINANCIAL ACTIVITIES FOR THE YEAR IINCQRPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2022 Notes Unre$trict•d Funds . Restricted. Funds Total 2022 Tol81 2021 Gross Inconie Donations- Donatsons. Universrty Grant. etc. Income from other trading adivities - Aclwity Central - Community Charitable a¢tivitie$ for stLKlgnts: Activity - Community 1.235.690 1.235.690 1. 707,586 26.420 35,166 111.535 26.420 35,166 111.535 2.613 36,716 58.612 670.446 670,446 1476 414 232, T38 756 694 1476 414 670 446 3 555 671 2 794 959 penditure on.. Charitable activities for students: - Adivity Central - Community Support -V(x 361,972 354.962 1.611.442 326.398 238.548 643.289 1,005.261 531,578 354,962 251.464 1.611,442 7,464, 690 326,398 278,308 262 945 2.893.322 643.289 3,536,611 2, 788.925 Net Movement in funds (8.097} 27.157 19,060 6,034 Fund balan￿$ brought fiyward 656.662 171.104 827.766 821,732 Fund balances urTi•d lorward 13 648,565 198.261 846.826 827,766 The notes on pages 23 to 32 fomi part of these accounts. Page 19

UNNERStrY OF SURREY STUDENTS. UNION CONSOLIDATED BALANCE SHEET AS AT 31 JULY 2022 2022 2021 Notes Flxad As$•ts Tangl￿e fixed a&sets 159.SS9 Current Assets Stocks Debtors & wepayments Cash al bank & in hand 37.821 161,578 744,823 944222 56.893 789, 782 682,483 929, 758 10 Current Liabilities C￿lI0r$.. Amounts due withln ffie year 342.363 260.951 14et Current Assets 601.8$9 665 207 Total AT￿ts less Current Llabilltits 846,826 8Z7,766 Representlng Charltabl• Funds.'_ Re¥trlcted Income Funds Students. Sw'eb85 & Club F￿d5 12 1￿.261 171, 105 UnTestrlcted Income Fund$ Undesignat Total Funds 13 846.826 Th& finanual statements were apFw4ed by the Twstees on 0 2 .11 . 21 behalf, by. ￿gned on their Prewdenl Tnjslee." Diana Daknk The rKrtes rm pages 23 to 32 foffn part ol thes& accounts. Page 20

UNIVERSITY OF SURREY STUDENTS. UNION UNION BALANCE SHEET AS AT 31 JULY 2022 REGISTERED COMPANY NUMBER: 07470232 2022 2021 Notes Fixed Assets TangIts￿ fixed assels Investmenls 244.967 159.559 244.968 159,560 Current Assets Debtors & prepayments Cash at bank & in hand 10 262,534 516247 117.933 778.781 1,065,042 Current Liabilitie5 Creditors.. Amounts ¢Jue vth"n ye 235 521 18 490 Net Current Ass•ts" 543.260 876 552 Total Assets less Currènt Llabilities 1,036,112 Repres•ntlng Charllaljle Funds.". Restricted Income Funds Sfrjdents, Societies & Club Funds 12 198.261 171,105 198261 171, 105 Unreslrlcted In¢ome Funds Free reserves Iundesignatedl 865,007 865.007 Total Funds 14 788 22B 1036172 The result for the finanual year dealt ￿TIh in Ihe financial stalements of the ￿ent COMp￿Y was £247,883 12021.. £323,341}. The finanual ststements We￿ apprDved by Ihe Truslee5 03 . 11 . 12 behalf. by.. signed ￿ thair Pre5hlenl and Chwr Tr¥Jstee.' Diana Dakik The notes rth pages 23 to 32 1¢)m P8rt of these aettrJNS Page 21

UNIVERSITY OF SURREY STUDENTS. UNION CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2022 2022 2021 Cash flows'from operating activities: Net inccffiing re5(yJrees Depreoalion Inleresl paid Interest received Decreasellinc￿ase) in stock Decreasellincrease) in debtors IrKreasel{Decreasel in credilcws 19,060 46,250 12,196 1218) 19.072 28.204 6.034 49,448 7.813 (37J f22,977J 3,094 . Net ¢a$h used in operating activities Cash flo￿ from investing adivities Interest recwvatAe Interest payable Purchase of tangible fixed assets 218 112.196) 37 f7.813J Net cash used in investing activities Change in cash and ￿$h equivalents in the year Net debt reconciliation of net flrm to movement in net debt Net funds at 1 $1 August lncfease1{Dec￿asel in in the year 682.483 586,496 Net funds at 31" July Analysis of cash and Cash equivalents ash in hand The noles on pages 23 10 32 folln partol Ihese aCc￿ftts Page 22

UNIVERSITY OF SURREY STUDENTS, UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 Accounting Policies The University ¢f Surrey Students. Union is an inc<xp(¥aled charity r4Tslered in the UK (Charity Number 1142479. Company Nwnber. 074702321 ¥Mth ils registered office al Union House. Guild[￿d. Surrey. GU2 7XH. The Prinapal actiVTtJ"es are campaigning, represenlalicm, FYOVigon of Sou￿ ath'vities and the organis811￿ of.sporting and rec¥eatsona actNities and OPFOrtunities. lal Accounting ￿nventIon The finanual statements have been prepared in accordan￿ wth AcC￿nb"ng and Reporting by Charities.. Slatement ￿ Recommenéed Practice appliCa￿e lo charits'es preparing their accounts in accordance with the Finanual Rep￿Ing Standard aP￿l¢able.1n the UK arm RepU￿1C of Ireland {FRS 102} leffecthve January 20191 {Charities SORP IFRS10211, Ihe Finaniial Rewtng Siandard applicatle in the UK and Republic of Irdand {FRS 1021 and the Companies Act 20(￿. The Union meets the definrtion of a putlic tr￿er11 ents.ty under FRS 102. Assets and Liabilities are initialy re¢￿J￿sed at histor[￿1 cost ￿ transaction vdue Lbnless otherwse stated in the relevant aCC￿nting policy note. . Consolidated financial statements I'group acwunls-l have been wepared in respect of the charity and ils vthdly 0vM￿ subsdiary, Origin Events Limited. The parent has taken exemptson frci) presenting bts uncA)nsdidaled profit and loss accwnt under section 408 of the Ccxnpanies Act 2006 and as pemiitted by FRS 102. Assets and liabilities are initially recognised al historical cosl or transacli¢M value unless otherwise ststed in the relevant accounting wlicy note. Ibl Going ¢oncem The charity has cash ￿S￿rCeS and is suppvted by the University of Surrey. Having revwed t&Jdgets. frxecasts and cash-flows. the Iruslees have a ￿asonable eX￿¢tatIOn that the Charity has adequate resources lo continue in operational existence for the foreseeable future. They continue to believe the gcAng concem ba￿S of acc￿JnI1n9 appropriate in preparing the annual finarKial ststements. Ic). Incoming resources All inCL￿e induding grants and eaprtal resourtss a￿ rectynised in the aeLounts then the Charity is legally entitled lo Ihe inccxne and the amcAJnt can be quantified wlh reasonable certainty, and on an a￿T￿alS bags. During the year the Union received £18k (2027.. £280k) from the UK Govemmenl under the Ccmnavims Job Relent￿ sd￿Me. {d) Resources expended Expenditure is accrued as ￿on as a liabikty is eonsidered WCts￿e, disc¥)unted lo present value for longer term lia￿.11tieS. Expenditure indudes irreeoverable VAT. Charitable expenditure ccmprises the direcl and indirecl costs ol delivering putrjic benefit. Other central ovethead costs are apportioned to charitatde and other proJectgactNrties on a usage bags. pro rats to the amwnl of staff hours attributable to eath project or ath.vity undertaken. Page 23

UNIVERSITY OF SURREY STUDENTS, UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 Accounting Policies (continued) {e) Tangible fixed assets Fixed assets are staled al cLst less acojmulaled deweoation. Equipment, fixtures and fitbngs a￿ induded at cost Deprecialion is provid￿ al the fdlowing annual rale5 in order lo write the cosl of assets off over Ihwr estimaled useful lives. Fixtu￿ and Fittings Equipment Computer Hardware Coinpuler Software per annum stNght line 11%33% per annum straight Itne 20-50% per annum straight line 2(k33% per annum straight line {f) Cash and cash equivalents Cash at bank and cash equivaents indudes cash and short te￿ highly liquid inves1ments th a short maturity of 3 months or less frC￿ the dale of acquisition or opening CO the deposit or similar acLount. Igl Pension costs The Union now operes a defined (x>ntritxJtion pension scheme and the penson charge rewesents the amounts payaue by the ccxmpany lo Ihefund in respect of the year_ Differences. between contributior￿paYab1e in the year and p￿d are shovm as accruals or prepayments in Ihe balance sheel. Ihl Leased assets Renlals payable under operating leases a￿ charged as exF¢n(Jiture cn a slfaighl line basis over the period of Ihe lease Stock Stock is valved al the lo%w ol the cost aThJ its nel realisable value. o.) Fund accounting Unrestricted Funds representing unspent inwme which may be used for any aclivitylpurpose at the Execubve C(Ammittee's own discselion", Capital Grant Funds are releaJ annually in line V•ilh the deprea8b.on policy on the CaFMt81 sperKI.. Restrided funds raised and administered by USSU for speafic wrposes, such as Club and Sooelies Ac(xxJnls, as well as revenue recwved for purposes specified by the d¢Jnor. The costs ￿ rai%ng.and admirislering such fvnds are charged against the specific furKI. Ik} Taxation The Union meets the definibcm) cl a charilat4e ccvnpany for UK corwralion lax purty)ses. Accordingly, the Union is polenhally exemptfrom taxation in respect of ineome or capital gains re￿iVed wlhin categories covered by part 11. chapter 3 of the Corpcffaty'on Tax Act 2010 or Section 256 of the Taxation of Chargeable Gans Act 1992. to the extent that such income or gains are applied exdus4vdy to tharilable purFM)se& Financial instruments Basic financial instruments indude deblors and crethlcys. Debtors and ¢￿ditorS are initially recognised at transaction vaue and gJbsequenlly measured at amortised cost. Note 14 provides more information on finanLial inslruments vknere fulure cash flows are anticipated. with finanoal assets referring lo trade debtors. amount owed by group undertakings, other deblors and cash equivalents, and finanual liakn.lilies referring to al C*edit￿ balances exduding deferre(l inc￿ne and payTnents on accwnt. Page 24

UNIVERSITY OF SURREY STUDENTS. UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 Critical k¢ounting Judgements and Key Sources of Estifflation Uncertainty Preparation of the financial statements reQUi￿S management to make judgements and eslimales. The directors consider that the￿ are no materia judgements in applwng accounb.ng pdiaes Of key sources of estimation uncertainty. Grants Receivable and Donations 2022 2021 Univergty BI(￿ Granl ISutNention) CJRS Grant Additional University Grant Local Cwncil Grants Donations 1.217,650 18.040 1,217,650 280, 126 142,596 18,241 Total 4a) Charitable and Other Activity Costs- 2022 Cosl of . sales other costs Staff costs Rent Total Charitable a¢¢ivi¢i¥s Acbvity Central Community Support Voice 188,429 107,278 448.872 266.121 178 462 20,004 10,518 796,828 1,005,261 237,166 354.962 539.782 1.611,442 40,273 326.398 582.788 Total costs Included in the above costs is the annual audil fee of £18,250 {2021." £15.875). Affiliation fees induded in the ab(Ne amount5 to £nil12021.. £niO 2021 Comparativ8 Inf0m￿l￿￿- Chanlable and OlherAclivty Costs Cost of sales Other costs Staff costs Renl Total Charitable activities Activity Cenlral CL¥nrnUr￿ty Support Voice 197. 781 158,035 476,538 226,2Lk) 212, 770 373.733 537,518 82,920 251,464 622, 776 1,464,690 32.104 278,308 30,171 262,945 325.376 20.004 Total costs Included ftn the above costs is the annual atx*it fee of ￿5,875 (2020.. £15,275). Affiltation fees included in the above amounts lo £n￿ (2020.. £nil). Page 25

UNIVERSITY OF SURREY STUDENTS, UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 4bl Central Overhead Costs Included in Note 4a All ceniral overhead ￿$ts have been apporb.oned on a usage basis. pro rala lo Ihe lotd costs cl eath prqecl or activity undertaken as per the below breakdown. t￿erhead$ used evenly by all zones ￿present the folltr•Mng cost.. 2022 Staff Other Totsl Usage Charitsble activities Central Voice Acb'vity Support Community 47.719 47.719 47.719 47.719 47.719 24.660 24.660 24,660 24,660 24,660 72,379 72,379 72,379 72.379 72.379 20% 200/• 201. 20¥0 Total costs 2021 Comparatp/e Infomalion Staff Other Total Usage Chaiitable activit￿S Central Voice Activity Support Community 2CPA 57,028 57.028 57.028 57,028 57.028 t5,226 15.226 15,226 75,226 15,226 72.254 72,254 72,254 72,254 72.254 Total costs Stsff Costs 2022 2021 Wa￿S and salaries Social security Pension costs 1,037,416 87,330 1. 120. 748 89,169 One 12021.. one) employee eamed be￿￿en £60.orJo - £70.OC¥J per annum. Defined eonlribution pension scheme costs for this em￿￿OYee am￿JnIed to £9,694 fly the year to 31 July 2022 {2021.' £7.4421. The key management personnel d the Union crxnprcrfnise the Trustees. the Chief Executive Officer, the Deputy CEO and the Human Reswrces and Staff DevdoFffient manager. The aggregate emFdoyee benefits of key manJefflent ￿rsonnel vere £343.261 12021.. £326.5211. The average staffing was as foll￿- Full time Students- term th.me only 27 92 27 14 119 Redundancy payments ￿ £nil (2027." £19,099) were made during the year. Page 26

UNIVERSITY OF SURREY STUDENTS, UNION NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 Trustees, Remuneration and Expenses Trustees received lolal remuneration induding pengon ￿￿tribu￿"(W1$ of £120.394 (2021." £109.874). This related to the 5 Sabbatical Officers as noted on page 1. R&mbur5ed expenses to Trustees totalled £nil (2021.. £nil). Tangible Fixed Assets- Group and Union Fixtures & Fittings Computer Equipment Hardvrdre Computer Software Tolal COST Al 1 August 2021 859,9 7 15.881 135,307 91.804 1.202,942 At 31 J￿Y 2022 211137 DEPRECIATION Al 1 August 2021 788.892 4t,086 122,240 17 Charge for the year ￿L7 91,165 39 1,043,383 250 At 31 July 2022 62 588 128 667 NET BOOK VALUE At 31 July 2022 Investments Group Union COST: 1 August 2021 Disposals Al 31 J￿Y 2022 During the year the Union held investments in the fdl(Ming companies ￿1(* are incorpordled in the United Kingdom. Name of Company Orign Events Limited. Main Trading Activity Bar and shop trading Equity Held 1CQ.DO% Origin Events Limited (Ccrfnpany Number. 050485181 a fully ovmed Sub￿diary has net assets Iliabililiesl as at 31 July 2022 of £58.601 (2021." nel liabilities f£208,342)l. Income of"£1,622.897 12021.. £997.678) and Expenditure of £1.355.954 12021.. 1,206.0211 and a prcfjivllossl of £266.943 (2021.1£208.343JI. Page 27

UNIVERSITY OF SURREY STUDENTS, UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 Stock 2022 2021 Group Union Group Union Finished Goods 10 Debtors 2022 2021 Group Union Gffjup Un￿n Trade debtOTS Amounts owed by group ndertakings Other debtors Prepayments and accru irKome 41.669 2,862 66.520 49,222 ' 185.714 47 581,617 3.660 14.100 39.828 11 Creditors: Arnounts falling due within one y&v 2022 2021 Group Union Group Un￿￿ Trade creditors Sorial wurity & ¢Xher taxe$ Other creditors Accruals 195.380 8.873 16.452 96,S38 8.873 16.452 170,687 33,988 5.064 106, 186 33,988 5,064 12 Restricted Fund$ held for Student Societies & Clubs- Group and Union Funds held al 1 Augusl 2021 Inc(Jme Expernliture 171.104 670.446 Funds hekl at 31 Juty 2022 Restricted furKls represent amounts raised by the Student Societies and Clubs cl the Union for their own use. Page 28

UNIVERsrrY OF SURREY STUDENTS, UNION NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 13 Analysls of Net Assets between Funds 2022 Restricted Income Funds Unre$tri¢ted . Funds Total Group Fixed assets Nel currenl assets 244.￿7 244.967 403 598 859 Restricted Income Funds 'Unrestricted Funds Total Union Fixed asse15 Nel current assets 244.968 244.968 198 261 PrNY Year c￿pa￿tt"ve Anaty$￿ ofNetAssets befween Funds 2021 Restricted Incom8 Funds Untsstricted Funds Total Group Fixed assets Net current assets 159,559 497 102 159,559 Restricted Income . Funds Unreslncled Funds Total Unffon Fixed assets Nel current assets 159.560 159,560 87 Page 29

UNIVERSITY OF SURREY STUDENTS, UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 14 Financial Instruments 2022 2021 Group . Finanaal assets measured al #mo￿"5ed cost Finanaal liatmlilies meagJred al amortised cost 800,592 49 803.836 The gr￿P.$ income, ex[￿Se. gains and losses in respecl of financial instwments are SLThmarised below.. 2022 2021 Interest income and expense: Totsl interest inc(¥ne for financial assets held at arr￿l$ed costs Total interest expense forfin8nL?d liaLN"Sitses held at amortised cost (2181 37 2022 2021 Charity . Financial assets measured at aM￿tised cosl Financial liab'lities measured at amc¥b'sed cost 704.870 996.613 The charity's income. expense. gains and I0￿S in respect of fina￿￿ instruments are summarised bel¢)W'. 2022 2027 Interest income and expense: Total interest inc(xne for finanoal assets held at affl0￿.$ed costs . Total interesl expense for fin8naaJ liatr4"lib"es held 81 amortised cost {2181 37 . Financial instruments held al am￿ti$ed eost are trade deblots. inlerec¥npany, other debtrNs, cash al bank. trade creditors. aecruals and other uedrtors. They exdL*Je prepayments and other tsxes and social security. Page 30

UNIVERSITY OF SURREY STUDENTS. UNION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 15 Leasing Commitments- Group and Union Al 31" July 2022 the Urion had annual c(Thmitrnents under nOn-can￿lIable operating leases as detailed bdow. 2022 2021 Plant and machinery Operaling leases expring within one year Operating leases expiring within one to l*r> years Operating leases expiring within Iwo to five years Operating leases expiring greatef than fve years 126,837 119.717 54.403 109,438 100,000 147,222 Lease payments during the year were £109.438 (2021.. £154.599) 16 Control Relationship Ultimate ￿trol of the Urwer5tty of Surrey Students. Union rests its m￿n￿rship, represented by the Union Trustee board. 17 Related Parties The Union is in receipt of a recurrent grant trcffn the Univeryty of Surfey of £1.217.650 12021.. £1.277,6501. The year end net balance owed to Universrty was £2,08612027.. £35,374 owed from). The sabbatical members of the executive i)ynmittee receive remuneratson for th￿r servitss as provided for WAthin"the c(Mislilu￿.￿. The agjregate amount payable under such contracts in the yèar was £120,39412021.. £109.874) Origin Events Limited is considered to be a rdaled paty of the Union as il is a whdly owned subsidiary. The c(xnpany made a payTnent und6Y grft aid to the Union of £nil during the year12021.' £108,961}. A recharge of £38.52812021." £60,000) lo Origin Events Limited for use of fixed assets is included wthin these figures. The lntercLYllF￿y balan￿ due frcm the ￿MpanY to the Urion al the year-end was £185.71412021.. £581,617). 18 Pension Costs In 2011 the Union moved fr¢)m a defined l￿er11 to a defined eonlribution retirements benefit scheme. As part of the arrangement. the liability for defials relating lo past service of TUPE empjoyees remained Mth Ihe University. The pays rx)nlnbutions for TUPE employees at a rale of 16010 of pensionable salary for fomer manbers cl USS and 16.4% forfomer members of LGPS. The pension eonlribulion Tate for staff ccmmenong employrnenl after 1st August 2011 is 4VA and the r81e for those on the auto enrolM￿l scheme is 3Qk. Ho%%Evèr. from January 2022 ern￿oyer contributions for 811 staff who were not TUPE ￿plOyeeS was 8%. The total penSiC￿ cost for the year vrds £64,415 12021.. £61,407). Page 31

UNIVERSITY OF SURREY STUDENTS, UNION NOTESTOTHE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2022 19 Prior Year Comparatives un￿SErIC1ed Funds RestrKled Funds Total 2021 Gross Income Donations.. - Donatffjons, University Grant. etc. Inwme from othertradiw aclNi(ies - Activity - Central - Communfty Charitable activth.es students.. - Activity - Central - Community 1,707,586 1, 7Q7,586 2.613 36.716 58.612 2.613 36,716 58,612 232. 738 232. 738 2 562 221 232 738 2 T94 959 Expenditu￿ on." Chanlable acts"vities for students.. - Actiwty - Central - Communrty - Support - V0￿e 324,992 251,464 1.464,690 278,308 206,526 531,518 251.464 7.464.690 278,308. 2,582,399 206.526 2. 788.925 Net Movemeni in funds (20. 178) 26.212 6,034 Fund balances br(xwht f(vward . 676.839 744.893 821. 732 Fund balances foThv8rd 656.661 171. 705 827, 766 Page 32