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2024-07-31-accounts

REGISTERED CHARITY NUMBER: 1143073

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2024

for

Newman Students' Union

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

Newman Students' Union

Contents of the Financial Statements for the Year Ended 31 July 2024

Page
Chair's Report 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 to 19

Newman Students' Union

Chair's Report for the Year Ended 31 July 2024

As we progress through another year in higher education, addressing the various challenges students encounter, we remain committed to being agile as a Union. Our goal is to continuously support our diverse and evolving student body, ensuring that our services remain relevant and effective. Our priority has always been, and continues to be, delivering the best possible experience for students during their time at Birmingham Newman University. This year, we have reinforced that commitment by developing a new three-year strategy that will guide us from 2024 to 2027.

This academic year, we made a concerted effort to represent all our members and support them throughout their entire student journey. Leveraging the continued growth in engagement within the institution, we actively listened to our members' needs and delivered services that equipped them with the necessary tools for academic success.

During this time, we faced staff turnover and changes in our staffing structure. Our Student Voice and Advice Coordinator was with us for only a few months, which meant the increasing demand for our advice services had to be managed by other team members in the absence of this dedicated role. Despite this, during the 2023/2024 academic year we were able to;

This year, we saw continued growth in engagement and believe it contributed to a successful year overall. We have maintained a positive working relationship with the University and look forward to further strengthening this partnership. Our new strategy presents significant opportunities for learning and development, setting ambitious goals for the Union over the next three years.

Zoe Harrison

President and Chair of the board (2023/2024)

Page 1

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2024

The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The Union's objects are the advancement of the education of students at Newman University for the public benefit by: - Promoting the interests and welfare of Students at Newman University, their course of study and representing, supporting and advising Students; - Being the recognised representative channel between students and Newman University and any other external bodies; and - Providing social, cultural, sporting and recreational activities and forums for discussions and debate for the personal development of its students.

Public benefit

The Trustees of Newman Students' Union have had regard to the public benefit guidance, including that on public benefit and the advancement of education, issued by the Charity Commission. The section of this report entitled 'Achievement and Performance' reports on Newman Students' Union's main activities and successes. Newman Students' Union's work benefits the following public groups:

Page 2

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Newman Students' Union has a Strategic Plan (2018-2023) setting out key objectives and progression aims over a range of 'themes' devised to meet its charitable objects. These are set out as four promises that we make to students, which provide an overarching title to group our KPI's set within the strategy:

We promise to prepare you for life after Newman

Advisors

At the start of the academic year the Union recruited a new Student Voice & Advice Co-ordinator to manage the Union Advice service and to feed into the overall Student Voice provision of the Union. The post-holder stayed with the Union for six months before taking up other career opportunities elsewhere. For the remainder of the year, advice provision was handled by the Union President and Union Director.

In the academic year 2023/24, the student advice service handled 152 cases, which marks a 53% increase year on year. This demonstrated the greater need for Student Support and Advice at Birmingham Newman University and also reflects the quality of service students receive from the Union and the reputation that has been built in recent years. This greater reliance on the Students' Union for support and advice has been reflected in the Union Strategy for the next three years. Last year, no complaints went beyond the informal stage of a complaint and this year we have continued to encourage an open line of dialogue and communication between us, staff and students.

Awards

At the end of each academic year, Newman Students' Union traditionally hosts an Awards Celebration. The Newman Students' Union Awards took place in the University Chapel on Thursday 25th of April 2024. We had an estimate of over 100 people in attendance.

Training and Development

Every year, Newman Students' Union runs training for our Officer Trustees and Executive Committee to ensure they are supported to fulfil their roles. This year, this included a week of training delivered by a range of Union staff, University staff and Blue Edge Training, including key staff members from the University. Our full time Officer Trustees also received 360-degree appraisals from external partner Blue Edge Training to support them with their growth whilst they are here at Newman.

We promise to put you at the heart of an exciting Newman Community.

Events

The Union has traditionally hosted a series of social events throughout the year. In the academic year 2023/24 the Union hosted a traditional 'Freshers Fortnight' programme of social events. Attendance at these events was particularly low this year. The movement away from traditional, bar and nighttime focused socialising appears to be a national trend and certainly one that we are feeling at Newman. As a result of poor attendance the Union suffered relatively significant financial losses. In reaction to this, we have continued to run events throughout the year that were either cost neutral to the Union or that provided minimal and acceptable financial risk. The Union entered into a partnership with the University's commercial services division to help shoulder the costs involved with hosting a handful of events for the remainder of the year.

Findings from the Union's consultation programme held with students have further re-enforced our belief that our members do not look to the Union to provide social events in the traditional format that we have historically offered. As a key element of our strategic direction for the next three years, we will support and encourage student led events and provide expertise and assistance to ensure that these events are successful in terms of impact and financially, based on the lessons learned in this academic year.

Societies

Societies are student-led groups, who come together based on shared interests. This year we have had up to 20 active societies with 140 society members. The number of societies has fluctuated throughout the year, as some were deemed to be 'development societies' and didn't become fully constituted in this academic year. We closed the year with the following societies in place:

Page 3

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2024

We promise to help you be as happy and healthy as possible.

Campaigns

Under the Union's strategic objective to "Develop a calendar of support campaigns in partnership with external organisations", the Executive Committee held a variety of awareness campaigns for students to engage with including:

  1. Black History Month (Rep Your Flag Night, Black Owned Business Fayre, Social Media Campaign)

  2. Disability Awareness Month (DEAF Society Talent Show, Social Media Campaign)

  3. LGBTQ+ History Month

  4. Green Week

  5. International Women's Day

  6. Ramadan Care Packages (in partnership with University Library and Chaplaincy)

  7. Wellbeing Day (Free Drinks Vouchers and positive affirmations)

RAG and Community

In October, we raised £235 for Breast Cancer Now by holding a fundraising campaign including a bake sale and a sweepstake for a pink Newman Sweatshirt.

In November, we raised £76.50 for Children in Need by holding a fundraising campaign including cakes, a sweepstake for a yellow Newman Hoodie and a Pyjama Party on the evening held by us in the University Bar.

In December we raised £70.50 for Christmas Jumper Day - which was split between Save the Children as a National Charity and Edward's Trust as the local charity. This was achieved through a fundraiser campaign including a bake sale and by people donating £1 by wearing a Christmas themed jumper. In this month, we also held a quiz in aid of Crohn's and Colitis Awareness Week, with all the proceeds going to the relevant charity (we raised £32).

February saw us facilitating a student led quiz which was Disney themed. We raised £38 in doing this, with the money being donated to Mind.

In total, we have raised £452 across the year, which is a significant rise compared to the previous year.

Academic Representatives

As part of our commitment to Student Voice at the start of this Academic Year, the Union recruited a Student Voice & Governance Co-ordinator, with responsibility to providing professional support to the Academic Representative system at Birmingham Newman University.

This year we recruited just over 270 Course Representatives, which is a 23% increase on the previous year. Every year we are recruiting more course reps and refining the system as part of our core business as a Students' Union. These recruitment numbers and the impact those representatives have doesn't happen by accident and is down to the Officer Trustee and staff member that look after the Voice system of the Union, but especially down to our Student Voice and Governance Co-Ordinator. They work tirelessly in September, and throughout the year, attending lectures to enthusiastically recruit Course Representatives as well as attending 2 Student-staff consultative committee (SSCC) meetings a year per course to ensure consistency of approach and excellent outcomes.

Page 4

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2024

In the academic year 2023/23 we piloted a new Faculty Representative system and experienced some success. It was decided to run the system again in this academic year after refining the provision and expectations of these representatives. Last year, we had 2 Faculty Reps for the Faculty of Education and 2 Faculty Reps for the Faculty of Arts, Society and Professional Study. This year we managed to recruit 2 from the Faculty of Education, 5 from the Faculty of Arts, Society and Professional Study - 1 of these reps was specifically from the School of Nursing and Allied Health.

We provided specific training for the Faculty Reps as well as some other sessions and workshops that they requested. They are voting members in our Student Forum and Annual General Meeting (AGM). They have been invited to Faculty Board meetings as well as a number of other University committees. We will build on the successes of the last two years as we continue to refine these invaluable roles.

This year we hosted our first ever Academic Representative Conference and Awards on Thursday 23rd May. This event was aimed at celebrating the achievements of our Academic Reps over the year and providing an opportunity to share experiences and explore the transferrable skills that our reps had gained over the year and how best to use them in the future. The event features a series of talks from guest speakers including University and Union Staff, Academic Reps from Birmingham University, the Vice-President of the NUS and Smile Education.

National Student Survey (NSS)

Students' Unions are rated based off of Question 25 in the NSS which states: " How well does the students' union (association or guild) represent students' academic interests? "

This year we received the NSS results and Newman Students' Union ranked 1st in Birmingham for the sixth year in a row, with an 79% positivity measure which is 4.2% above the benchmark.

Along with this, we also ranked:

As a Students' Union, we know that this is just one measure of our success but we would like to thank last year's officer and staff team for all their hard work that contributed to this outcome. It is a testament to the hard work that Newman Students' Union does to make sure that we are working in the best interest of and supporting our students here at Newman. We aim to provide the best student experience for all Newman students and are proud to be a part of such an amazing community with students at the heart of it.

Deficit Budget

The Board of Trustees agreed at the start of the Academic Year that the Union would work to an deficit budget of -£12,801, in order to make use of underspend in previous years and to allow the Union to make necessary changes to its staffing structure in this academic year; introduce new IT and infrastructure and to conduct its strategic review.

Organisational Developments

In the final quarter of the last reporting period, the Union recruited a new Union Director. It was highlighted during their first few months and reported in the last report to the Charity Commission that the Organisation had a number of areas for development. The majority of this academic year has been treated a period of transition and transformation; putting in place the foundation elements to ensure the organisation remains compliant and sustainable while also being agile enough to flexible to change and progressive in its outlook. This has included improving our financial procedures and reporting, professionalising our IT infrastructure and digital capabilities and re-structuring the staff team to focus on our core business of Student Voice.

This period culminated in the broadest student engagement consultation in the Organisation's history as we reviewed the Union's purpose and direction for the next three years. We spoke to over 14% of the student population through a blend of online and offline surveys, one to one meetings and interactions, alongside a series of focus groups. The Union emerges from this transitional period with the tools in place to operate effectively, with the trust and support of the University and a strategic plan for the next three years that focuses our energy on four key areas of work; Voice, Support, Community & Wellbeing.

Page 5

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2024

Some key outputs from this period organisationally are:

The Union has a new confidence in its ability to truly represent the needs and views of students at Birmingham Newman University and the organisational structures in place to ensure that it continues to be effective in its delivery.

FINANCIAL REVIEW

Overview

Total Gross income for 2023/24 (year ended 31 July 2024) was £184,476 of which £162,725 (22/23 - £162,725) was block grant from the institution, £19,129 (22/23 - £9,167) from trading and commercial activity with the remainder raised from student activity and events and other sundry income. In the period Newman Students' Union spent £201,985 (22/23 - £169,527) giving a Net movement of funds of -£17,509 (22/23 £4,038).

Custodian activities

Newman Students' Union is custodian of funds raised under Newman Students' Union auspices by students through Raise and Give, various Societies and Officers, for distribution to designated charities.

Reserves policy

The Board of Trustees reviewed and approved Newman Students' Union's Reserves Policy in April 2024 which determines the level of reserves required to enable Newman Students' Union to:

The minimum reserves required are £25,000. Reserves in excess of the required reserves are held as 'free reserves' or 'designated reserves', in accordance with the Trustee Board. If reserves fall below £25,000 for more than 6 months, the Trustees should ask the management to formulate a recovery plan to be submitted to Trustee Board for approval. If there are surplus funds available above the minimum level, the Committee should plan to utilise these within three years.

Total reserves as at 31 July 2022 were £41,429 (22/23 £57,518), of which £39,675 (22/23 £57,518) were free reserves. Free reserves are reserves which do not include designated funds or funds tied up in the fixed assets.

Newman Students' Union has no funds materially in deficit.

Page 6

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Type of governing document

Newman Students' Union is governed by its Constitution dated 8 April 2011 as amended 02 May 2019 and its supporting Bye Laws.

How the charity is constituted

The charity is an unincorporated association, constituted under the Education Act and the Regulations of Newman University.

Trustee selection methods

Newman Students' Union has provision for up to seven Trustees. These Trustees have a varied background, including students (members) as well as externally sourced 'professionals'. The post holders have a varied term of office to suit the nature of the position. These are:

Trustee election process

To ensure Newman Students' Union remains a democratic and student led organisation, it operates both a shortlisting and election process for its trustees. Trustee positions are advertised in an appropriate manner. Applications are reviewed by the Newman Students' Union Trustee Board and Union Director to assess suitability of candidates. The committee then recommend suitable candidates to an Annual / Union General Meeting and, where appropriate, supply the meeting with a 'candidate summary' for each candidate to highlight relevant skills, background and experience. This is to encourage students to select trustees democratically whilst basing their decision on information appropriate to the positions.

Trustee induction process

The Union Director organises annual Trustee Training, including training specific to the role at Newman Students' Union along with training provided by the NCVO (National Council for Voluntary Organisations.

Structure governance and management

Newman Students' Union is a charity with the ultimate decision making power being vested with the Board of Trustees . The Board of Trustees meet regularly and receive reports from the President, Vice-President and Union Director within their respective fields, as well as receiving minutes and updates as appropriate from Union Committees.

Newman Students' Union is a democratic organisation and the Board of Trustees delegate their authority to the membership through the Annual General Meeting (AGM) , Union General Meetings (UGMs) and Student Forum , subject to safeguards ensuring legality of decisions. These bodies have powers to direct the Executive and the organisation within its charitable objects. AGM, followed by UGM, then Student Forum are the principal policy making forums of Newman Students' Union and all members are invited to attend with full voting and speaking rights.

The Executive Committee oversee the day to day running of Newman Students' Union and are accountable to the membership through the above meetings. They are responsible for ensuring union activities follow the correct process, comply with Newman Students' Union policy and work towards the aims and objects of the organisation, as set out in its constitution and strategic plan. The Committee members are elected annually through a cross-campus ballot. All Committee members receive training and support to enable them to fulfil their duties.

Day to day management of the organisation is delegated to the Union Director. Newman Students' Union also employs other non-student staff to ensure effective management of the organisations' activities who have delegated authority within their job roles through the Union Director.

Page 7

Newman Students' Union

Report of the Trustees for the Year Ended 31 July 2024

Relationship with Newman University

Newman Students' Union receives an annual block grant from the University through the University's Director of Finance, and occupies an office space owned by the University. The University also supplies, free of charge, utilities, facilities, such as computer and telecommunication equipment, cleaning and caretaking services. In addition the University provides spaces for key student group activities including meeting rooms, performance spaces and sports facilities, with no charge levied. This support is intrinsic to the relationship between Newman Students' Union and the University. Although Newman Students' Union runs some commercial activities, it is heavily dependent on the support of the University. There is no reason to believe that this support will not continue for the foreseeable future as the Education Act 1994 places a duty on the Institution to take such steps as are reasonably practical to ensure that the Union operates in a fair and democratic manner, for the benefit of the membership. Newman Students' Union works with the University to provide the best educational experience possible for its members, ensuring its affairs are properly conducted and that the educational and welfare needs of its members are met.

Other relationships

Newman Students' Union is a member of the National Union of Students to which it pays an annual affiliation fee. In return it receives support and training in a variety of areas, notably with regard to holding Elections, Executive training, governance support and Trustee induction.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

In May 2023, Newman Students' Union reported a 'Serious Incident' to the Charity Commission, relating to financial misappropriation by a former employee. The Union reported that a repayment plan had been put in place for the former employee to repay monies owed. The employee has now repaid the monies owed to the satisfaction of the Board of Trustees and this matter is now resolved.

The Trustees delegate responsibility to the Union Director, supported by a partnership with Durham Students' Union, providing financial services for monthly finance management.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1143073

Principal address

Newman University Genners Lane Bartley Green Birmingham B32 3NT

Newman University
Genners Lane
Bartley Green
Birmingham
B32 3NT
Name of person (or
Dates of changes if body) entitled to
Trustees Office (if any) not for whole year appoint (if any)
Zoe Harrison Chair Resigned 30/06/2024 Ex-Officio
Ellie Brace Resigned 30/06/2024 Ex-Officio
Tim Hewes-Belton Deputy Chair UGM
Amanda Owen Meehan UGM
Lewis Palin UGM
Adrian Spence UGM
Kira Cox Resigned 22/04/2024 UGM
Gemma Prange Appointed 01/07/2024 E x-Officio
Cloudy Kerin Appointed 01/07/2024 Ex-Officio
Adele Boterrill Resigned 30/06/2024 UGM
Courtney Baker Resigned 30/06/2024 UGM
Hannah Barber Resigned 30/06/2024 UGM
Megan Burton Resigned 30/06/2024 UGM

Page 8

Newman Students' Union

Report of the Trustees

for the Year Ended 31 July 2024

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

Senior staff member

Robin Pitt - Newman Students' Union, Union Director

Approved by order of the board of trustees on 11 December 2024 and signed on its behalf by:

Tim Hewes-Belton (Dec 13, 2024 14:21 GMT)

Tim Hewes-Belton

Page 9

Independent Examiner's Report to the Trustees of Newman Students' Union

Independent examiner's report to the trustees of Newman Students' Union

I report to the charity trustees on my examination of the accounts of Newman Students' Union (the Trust) for the year ended 31 July 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Williams FCA FCCA

Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL

Date: 13-December-2024

Page 10

Newman Students' Union

Statement of Financial Activities for the Year Ended 31 July 2024

31.7.24
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Trading for charitable objectives
19,129
Societies & sports clubs
404
University grants
162,725
Other trading activities
2
2,000
Investment income
3
219
Total
184,477
EXPENDITURE ON
Raising funds
35,510
Charitable activities
4
Trading for charitable objectives
-
Advice & representation
30,252
Opportunities
35,532
Democracy
73,503
Training and development
27,119
Societies & sports clubs
70
Total
201,986
NET INCOME/(EXPENDITURE)
(17,509)
RECONCILIATION OF FUNDS
Total funds brought forward
58,938
TOTAL FUNDS CARRIED FORWARD
41,429		 31.7.23
Total
funds
£
9,167
23
162,725
1,530
120
173,565
20,949
161
22,806
51,256
52,786
20,985
584
169,527
4,038
54,900
58,938

The notes form part of these financial statements

Page 11

Newman Students' Union

Balance Sheet 31 July 2024

31.7.24
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
8
5,521
CURRENT ASSETS
Stocks
9
3,408
Debtors
10
250
Cash at bank and in hand
41,306
44,964
CREDITORS
Amounts falling due within one year
11
(9,056)
NET CURRENT ASSETS
35,908
TOTAL ASSETS LESS CURRENT
LIABILITIES
41,429
NET ASSETS
41,429
FUNDS
12
Unrestricted funds:
General fund
39,675
Societies and clubs - total funds
1,754
41,429
TOTAL FUNDS
41,429		 31.7.23
Total
funds
£
5,400
303
19,021
60,111
79,435
(25,897)
53,538
58,938
58,938
57,518
1,420
58,938
58,938

The financial statements were approved by the Board of Trustees and authorised for issue on 11 december 2024 and were signed on its behalf by:

Tim Hewes-Belton (Dec 13, 2024 14:21 GMT)

Tim Hewes-Belton

The notes form part of these financial statements

Page 12

Newman Students' Union

Notes to the Financial Statements for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The charity meets the definition of a public benefit entity under FRS102.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes irrecoverable VAT.

Allocation and apportionment of costs

Expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. Charitable expenditure comprises the direct and indirect costs of delivering public benefit.

Governance costs are those incurred for compliance with constitutional and statutory requirements, such as annual elections and training for sabbatical officers. Other central overhead costs are apportioned to charitable and other projects/activities on a usage basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES - continued

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

Commercial marketing/ sponsorship
3.
INVESTMENT INCOME
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Advice & representation
Opportunities
Democracy
Training and development
Societies & sports clubs		 Direct
Costs
£
21,169
25,665
65,653
19,726
-
132,213		 31.7.24
£
2,000
31.7.24
£
219
Support
costs
£
9,083
9,867
7,850
7,393
70
34,263		 31.7.23
£
1,530
31.7.23
£
120
Totals
£
30,252
35,532
73,503
27,119
70
166,476

Staff costs and support costs which are not directly attributable to one of the specific activities stated above are apportioned across the activities in the most appropriate manner, usually based upon staff time, equipment or room usage.

Included in the above costs are:

Fee for the Independent Examination of the accounts

780 780

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Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

5. TRUSTEES' REMUNERATION AND BENEFITS

The Chair and Vice-Chair (Sabbatical Officers) received remuneration and pension contributions as follows, as authorised in NSU's governing document, for the representation, campaigning and support work they undertook as distinct from their role as a Trustee. This work includes voicing student opinion with the University and local community, defending and extending the right of students through petitions, discussion with MPs and also organising and supporting student volunteers and service provision for them.

Trustees remuneration in the year
6.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Full time
No employees received emoluments in excess of £60,000.
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Charitable activities
Trading for charitable objectives
Societies & sports clubs
University grants
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Trading for charitable objectives
Advice & representation
Opportunities
Democracy
Training and development
Societies & sports clubs
Other resources expended
Total		 31.7.24
31.7.23
£
£
45,080
38,037
31.7.24
31.7.23
£
£
129,368
104,226
6,800
8,627
1,594
3,016
137,762
115,869

31.7.24
31.7.23
5
5
Unrestricted
funds
£
9,167
23
162,725
1,530
120
173,565
20,949
161
22,806
51,256
52,786
20,985
584
-
169,527

Page 15

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
NET INCOME 4,038
RECONCILIATION OF FUNDS
Total funds brought forward 54,900
TOTAL FUNDS CARRIED FORWARD 58,938

8. TANGIBLE FIXED ASSETS

Fixtures,
fittings
Plant and
and
Computer
machinery
equipment
equipment
£
£
£
COST
At 1 August 2023
2,706
1,078
11,708
Additions
-
-
3,108
At 31 July 2024
2,706
1,078
14,816
DEPRECIATION
At 1 August 2023
2,706
1,078
6,308
Charge for year
-
-
2,987
At 31 July 2024
2,706
1,078
9,295
NET BOOK VALUE
At 31 July 2024
-
-
5,521
At 31 July 2023
-
-
5,400
9.
STOCKS
31.7.24
£
Goods for resale - commercial activities
3,408		 Totals
£
15,492
3,108
18,600
10,092
2,987
13,079
5,521
5,400
31.7.23
£
303

Page 16

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

10.
DEBTORS
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Other debtors
Aggregate amounts
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
12.
MOVEMENT IN FUNDS		 31.7.24
£
250
-
250
-
250
31.7.24
£
-
9,056
9,056		 31.7.23
£
4,394
10,864
15,258
3,763
19,021
31.7.23
£
13,379
12,518
25,897
Net
movement
At 1.8.23
in funds
£
£
Unrestricted funds
General fund
57,518
(17,843)
Societies and clubs - total funds
1,420
334
58,938
(17,509)
TOTAL FUNDS
58,938
**(17,509) **		 At
31.7.24
£
39,675
1,754
41,429
41,429

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Societies and clubs - total funds
TOTAL FUNDS		 Incoming
resources
£
184,073
404
184,477
184,477		 Resources
Movement
expended
in funds
£
£
(201,916)
(17,843)
(70)
334
(201,986)
(17,509)
(201,986)
**(17,509) **

Page 17

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.8.22
£
Unrestricted funds
General fund
52,919
Societies and clubs - total funds
1,981
54,900
TOTAL FUNDS
54,900
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
173,542
Societies and clubs - total funds
23
173,565
TOTAL FUNDS
173,565		 Net
movement
At
in funds
31.7.23
£
£
4,599
57,518
(561)
1,420
4,038
58,938
4,038
58,938

Resources
Movement
expended
in funds
£
£
(168,943)
4,599
(584)
(561)
(169,527)
4,038
(169,527)
4,038

Page 18

Newman Students' Union

Notes to the Financial Statements - continued for the Year Ended 31 July 2024

12. MOVEMENT IN FUNDS - continued

The Designated funds represent amounts advanced to, or raised by, less expenditure incurred by, approved Student Societies and clubs.

Anime & Manga
Asian
Blue Sock Salon
Book club
Cakes and Bakes
Cheerleading
Christian Union
Creative Wellbeing Society
Critical Friends Society
Dance
Debating Society
Dramas (Madsoc)
Gaming
History Society
Islamic
LGBT
Math
NEST
Para-Newman Society
People & Planet
Philosophy
Pole Fitness
Pool
Social Sciences
Society
We Love Film		 At 1.8.23
£
154
47
11
22
84
76
89
22
-
-
81
135
48
37
113
59
30
-
100
-
-
-
207
85
-
20
1,420		 Incoming

resources
£
-
12
-
-
-
-
-
15
-
-
-
4
135
-
15
-
-
-
-
-
-
-
44
-
180
-
404
Resources

expended
£
-
-
-
-
-
-
-
-
-
-
-
-
(70)
-
-
-
-
-
-
-
-
-
-
-
-
-
(70)
At

31.7.24
£
154
59
11
22
84
76
89
37
-
-
81
139
113
37
128
59
30
-
100
-
-
-
251
85
180
20
1,754

13. RELATED PARTY DISCLOSURES

NSU transacts with the University on day-to-day matters including the recharge of various activities.

14. ULTIMATE CONTROLLING PARTY

Ultimate control of NSU rests with its membership, represented by Student Forum and General Meetings. Its principal place of business is on the premises of Newman University, Genners Lane, Bartley Green, Birmingham, B32 3NT. NSU is an unincorporated association, registered as a charity with the Charity Commission on 25 July 2011, No. 1143073

15.

VOLUNTEERS

NSU operates with a number of unpaid volunteers. There are six part time elected Officers who represent and support students across a number of areas including: societies, equality and diversity, campaigns, course representation, sport, wellbeing and events. Their only commitment to the organisation is the Executive committee meetings which are held once every two weeks, and any other work to fulfil the role is entirely voluntary.

Page 19

NEW09-CHA 2024 Final with amendments

Final Audit Report 2024-12-13

Created: 2024-12-12 By: DAVID WILLIAMS (davidw@lockewilliams.com) Status: Signed Transaction ID: CBJCHBCAABAAaagofa9gEN7z7IKjnGSejLrDKTpn0w_b

"NEW09-CHA 2024 Final with amendments" History

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