OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-07-31-accounts

REGISTERED CHARITY NUMBER: 1143960

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 July 2025

for

Cranfield Students' Association

Harris & Clarke LLP 7 Billing Road Northampton NORTHAMPTONSHIRE NN1 5AN

Cranfield Students' Association

Contents of the Financial Statements For The Year Ended 31 July 2025

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 19
Detailed Statement of Financial Activities 20 to 22

Report of the Trustees For The Year Ended 31 July 2025

Cranfield Students' Association

The trustees present their report with the financial statements of the charity for the year ended 31 July 2025. 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 aims

Cranfield Students' Association (CSA) is the representative body for students at Cranfield University. Its charitable objectives are to promote and represent student interests, provide independent advice and support, facilitate student-led activities, and foster an inclusive and supportive community. Cranfield Students' Association delivers these objectives through student representation, advice services, clubs and societies, and a wide programme of community and wellbeing activities.

Purpose and Public Benefit

Cranfield Students' Association exists to represent, support and enrich the lives of Cranfield students. Our charitable objectives, as set out in or Constitution , are to:

Public benefit

In setting our priorities and planning activities, Trustees have regard to the Charity Commission's guidance on public benefit. All our work is directed towards improving the student experience and supporting our members throughout their time at Cranfield..

ACHIEVEMENTS AND PERFORMANCE

Representation, welfare and support

During the year Cranfield Students' Association continued to strengthen its role as the recognised channel of representation between the university and the student body delivering impact across areas such as:

Representation

Student voice voted to change our representative structure leading to election engagement increasing by 22%. Additionally, a range of awareness campaigns were held led by student interest.

Community and Engagement

A broad programme of events and activities supported student belonging, including friend networking, cultural events, parties, formal gatherings, crafts and trips

Student Activities

39 clubs and societies operated, with approximately 84% of on-campus students participating. Over £20,500 was distributed to support student groups. Events and activities were held throughout the year to encourage engagement and participation.

Advice and Wellbeing

Support was provided through formal advice cases, wellbeing events and pre-arrival engagement, alongside targeted initiatives such as mental health support and cost of living interventions.

Page 1

Cranfield Students' Association

Report of the Trustees For The Year Ended 31 July 2025

FINANCIAL REVIEW

Financial position

Cranfield Students Association received a block grant of £192,479 during the year and reported a small deficit of £1,576. Income was primarily derived from university block grant funding and commercial activities. Expenditure was directed towards operating costs and the delivery of our charitable objectives, with all spending aligned to the Association's strategic priorities.

Reserves policy

The Trustees recognise the importance of maintaining adequate reserves to ensure the financial sustainability of the Association and to manage risks associated with fluctuations in income, particularly changes in student numbers that affect commercial performance. The charity aims to hold unrestricted reserves sufficient to cover short-term cash flow requirements, provide a buffer against unforeseen reductions in income or increases in expenditure and to wind up practices if required.

Principal risks and uncertainties

Trustees maintain a risk register which is reviewed regularly. Key risks identified during the year included, declining student numbers impacting income, financial reliance on core funding, operational capacity and governance compliance. Mitigations include active financial monitoring, regular reporting, identifying clear delegated authority and a pushing for greater partnership working with the University.

FUTURE PLANS

Trustees have identified the following priorities for the coming year:

These priorities will lead the Association's strategic focus, ensuring we remain responsive, student-led and financially responsible.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Cranfield Students' Association is governed by a Board of Trustees, who are legally resposible for the charity's strategic direction, financial stewardship and regulatory compliance. The Board comprises of elected Student Presidents and External Trustees. The Board meets regularly throughout the year to monitor strategic obectives, review financial performance, oversee policies and ensure regulatory compliance. Day-to day operations are delegated to the General Manager/Chief Executive.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1143960

Principal address

CSA Cranfield University College Road Cranfield Bedford MK43 0AL

Page 2

Cranfield Students' Association

Report of the Trustees For The Year Ended 31 July 2025

Trustees

Stewart Oates - External Trustee Anne Granger - External Trustee Hanna Coles - External Trustee Zahra Karimi - President (Appointed 1/11/25) Fen Yan - President (Appointed 5/5/25 Retired 31/10/25) Muhammet Sen - President (Retired 31/5/25) Karthik Reddy Thirumala Reddy - - Vice President (Cranfield) (Appointed 31/10/24) Mayank Sharma - Vice President (Cranfield) (Retired 31/10/24) Sally Webb - Vice President (Shrivenham) (Appointed 1/11/24) Bonny Thawani - Vice President (Shrivenham) (Retired 31/10/24) Jen Hollands - Student Trustee Krish Jain - Student Trustee (Appointed 31/10/24) Abhishek Malayappan Kamalanathan - Student Trustee (Retired 12/8/24)

Independent Examiner

J T G Harris Harris & Clarke LLP 7 Billing Road Northampton NORTHAMPTONSHIRE NN1 5AN

General Manager

Lorraine Wright

The general manager is employed by Cranfield University who set pay and remuneration scales for this position.

Bankers

NatWest plc 501 Silbury Boulevard Saxon Gate East Milton Keynes MK9 3ER

Appointment of Trustees

Officer and Student Trustees are elected by the student body as described in the CSA bye laws: Student Trustees every two years and Officer Trustees annually. External Trustees are recruited by the CSA Appointments Committee and confirmed by students at a general meeting as described in the CSA constitution and byelaws. No external body may appoint a trustee. All External Trustees must be approved by students at a general meeting before taking up their appointment, and they then serve for three years. All Trustees are inducted and trained by the CSA General Manager supported by documentation provided by the Charity Commission; further training may be provided by the University. This year a new external trustee member was appointed.

The Board of Trustees has authority to manage the affairs of CSA in a professional manner. The Members enjoy the right to elect a proportion of the Trustees and to dismiss all the Trustees. The Board of Trustees gives the utmost consideration to the views of Members.

Page 3

Cranfield Students' Association

Report of the Trustees For The Year Ended 31 July 2025

EXECUTIVE OFFICERS

During the year, the following people served on the Executive Committees, together with the President and Vice-Presidents.

Cranfield Campus

ED and I Saara Jazeel Wellbeing Officer Darakshan Serai Green Officer Shivnarain Ravichandran Vice President Research Hamza Othman International Officer Ayush Kamboj Clubs & Societies Officer Arbaaz Khalifey Activities Officer Sairath Das Media Officer Jahnvi Milan Lalani Executive Secretary Muhammad Hilmi

Shrivenham Campus

Publicity Officer Laura Brown - resigned 30/9/2024 Vice President Sally Webb - appointed 1/11/2024 Vice President Bonny Thawani - resigned 31/10/2024 Social Officer Bryn Nicol

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom generally accepted accounting practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Trustees are required to.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 20 May 2026 and signed on its behalf by:

SIGN

H Coles - Trustee

Page 4

Independent Examiner's Report to the Trustees of Cranfield Students' Association

Independent examiner's report to the trustees of Cranfield Students' Association

I report to the charity trustees on my examination of the accounts of Cranfield Students' Association (the Trust) for the year ended 31 July 2025.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  3. 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.

J T G Harris

The Institute of Chartered Accountants in England and Wales

Harris & Clarke LLP 7 Billing Road Northampton NORTHAMPTONSHIRE NN1 5AN

20 May 2026

Page 5

Cranfield Students' Association

Statement of Financial Activities For The Year Ended 31 July 2025

2025
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
192,479
155,763
348,242
Charitable activities
5
Representation, social and welfare
357,513
26,503
384,016
Other trading activities
3
105,292
-
105,292
Investment income
4
3,392
-
3,392
Total
658,676
182,266
840,942
EXPENDITURE ON
Raising funds
6
88,312
-
88,312
Charitable activities
7
Representation, social and welfare
569,911
184,295
754,206
Total
658,223
184,295
842,518
NET INCOME/(EXPENDITURE)
453
(2,029)
(1,576)
RECONCILIATION OF FUNDS
Total funds brought forward
235,876
56,751
292,627
TOTAL FUNDS CARRIED FORWARD
236,329
54,722
291,051		 2024
Total
funds
£
332,765
448,406
134,989
3,392
919,552
130,562
780,506
911,068
8,484
284,143
292,627

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 6

Cranfield Students' Association

Balance Sheet 31 July 2025

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
12
67,026
-
CURRENT ASSETS
Stocks
13
27,463
-
Debtors
14
16,523
-
Cash at bank and in hand
227,456
54,722
271,442
54,722
CREDITORS
Amounts falling due within one year
15
(102,139)
-
NET CURRENT ASSETS
169,303
54,722
TOTAL ASSETS LESS CURRENT LIABILITIES
236,329
54,722
NET ASSETS
236,329
54,722
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2025
Total
funds
£
67,026
27,463
16,523
282,178
326,164
(102,139)
224,025
291,051
291,051
236,329
54,722
291,051		 2024
Total
funds
£
67,197
30,908
32,658
269,450
333,016
(107,586)
225,430
292,627
292,627
235,876
56,751
292,627

The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2026 and were signed on its behalf by:

----- Start of picture text -----
H Coles - Trustee
SIGN
Z Karimi - Trustee
----- End of picture text -----

The notes form part of these financial statements

Page 7

Cranfield Students' Association

Cash Flow Statement For The Year Ended 31 July 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
26,001
26,001
(16,665)
3,392
(13,273)
12,728
269,450
282,178		 2024
£
33,477
33,477
(35,570)
3,392
(32,178)
1,299
268,151
269,450

The notes form part of these financial statements

Page 8

Cranfield Students' Association

Notes to the Cash Flow Statement For The Year Ended 31 July 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net (expenditure)/income for the reporting period (as per the Statement
of Financial Activities) (1,576) 8,484
Adjustments for:
Depreciation charges 16,836 15,762
Interest received (3,392) (3,392)
Decrease in stocks 3,445 1,118
Decrease in debtors 16,135 7,451
(Decrease)/increase in creditors (5,447) 4,054
Net cash provided by operations 26,001 33,477
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.8.24 Cash flow At 31.7.25
£ £ £
Net cash
Cash at bank and in hand 269,450 12,728 282,178
269,450 12,728 282,178
Total 269,450 12,728 282,178

The notes form part of these financial statements

Page 9

Cranfield Students' Association

Notes to the Financial Statements For The Year Ended 31 July 2025

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.

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.

For donations be recognised the charity will have been notified of the amounts and settlement date in writing.

Donated services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

Income from trading activities includes income earned from events and other trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred

Income from grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

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.Costs are allocated based on their relevance to the activity.

Grants payable to third parties are within the charitable objectives. Grants to institutions are to individual clubs and societies. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Tangible fixed assets

The fixed assets are measured at cost and depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Cost includes costs directly attributable to making the asset capable of operating as intended.

Improvement to property - straight line over ten years Fixtures and fittings - 25% on cost

Fixed assets are capitalised if they can be used for more than one year at cost at least £500. They are valued at cost.

Stocks

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

Page 10

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

1. ACCOUNTING POLICIES - continued

Taxation

The charity is a not for profit organisation and is not subject to corporation tax.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees have determined that there are no material uncertainties that cast doubt upon the entities ability to continue in the foreseeable future. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2. DONATIONS AND LEGACIES

Donated services and facilities
University Grants		 2025
£
155,763
192,479
348,242		 2024
£
141,432
191,333
332,765

Donated services consist of the wages and associated costs of the general manager, finance manager and CSA co-ordinator, who are all employed by Cranfield University but work full time on behalf of the association.

3. OTHER TRADING ACTIVITIES

Shop income
Pool table and air hockey income
Photo booth commission
Room hire
Marketing-Promotion/Adverts
Coach trips and events
Coach card		 2025
£
90,873
3,170
326
-
1,600
8,603
720
105,292		 2024
£
116,843
4,306
321
175
1,475
10,789
1,080
134,989

Page 11

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Bar income
Representation, social and welfare
Cafe Income
Representation, social and welfare
Outside catering
Representation, social and welfare
NUS Extra income
Representation, social and welfare
Grants
Representation, social and welfare
Grants received, included in the above, are as follows:
Clubs and societies
Shrivenham Campus
6.
RAISING FUNDS
Other trading activities
Purchases
Staff costs
Coach trips and events costs
Coach cards
Sundries		 2025
£
3,392
2025
£
95,878
164,575
96,713
347
26,503
384,016
2025
£
20,503
6,000
26,503
2025
£
63,381
17,128
7,080
663
60
88,312		 2024
£
3,392
2024
£
147,522
176,363
90,811
1,900
31,810		 2024
£
3,392
2024
£
147,522
176,363
90,811
1,900
31,810
448,406
2024
£
19,810
12,000
31,810
2024
£
82,167
37,683
9,387
1,325
-
130,562

Page 12

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

7. CHARITABLE ACTIVITIES COSTS

Representation, social and welfare
8.
SUPPORT COSTS
Representation, social and welfare
Support costs, included in the above, are as follows:
Bank charges
Wages
Training
Services provided in kind
Trustees' remuneration etc
Accountancy and legal fees
9.
TRUSTEES' REMUNERATION AND BENEFITS		 Finance
£
1,324		 Support
Direct
costs (see
Costs
note 8)
£
£
576,055
178,151
Governance
Other
costs
£
£
171,342
5,485
2025
Representation,
social
and
welfare
£
1,324
14,037
1,542
155,763
180
5,305
178,151		 Totals
£
754,206
Totals
£
178,151
2024
Total
activities
£
1,370
17,125
1,926
141,432
-
5,455
167,308

President

M Sen £9,937 (2024 £2,859) F Yan £1,632 (2024 £0) E Imafidon £0 (2024 £9,762)

Vice President (Shrivenham)

B Thawani £330 (2024: £1,320) S Webb £1,100 (2024 £0)

The President is paid as a part time officer of the CSA which is a half term sabbatical post alongside their studies. The Vice President (Shrivenham) is paid for 10 hours per month. Neither is paid for working as a Trustee.

All other Trustees give their time voluntarily.

These arrangements are in accordance with Charity Commission and NUS guidelines on employment of trustees.

Trustees' expenses

Trustees' expenses
2025 2024
£ £
Trustees' expenses 180 -

Page 13

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

9. TRUSTEES' REMUNERATION AND BENEFITS - continued

Travel costs of £180 were paid to Stewart Oates during the year (2024 - nil).

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Officers
Administration
Shop
Bar/Cafe		 2025
£
210,820
4,759
7,509
223,088
2025
3
1
-
13
17		 2024
£
262,798
3,825
6,757
273,380
2024
5
2
4
14
25

No employees received emoluments in excess of £60,000.

Staff costs include £12,999 (2024:13,941) paid to trustees.

In addition to the above, the general manager, finance manager and CSA co-ordinator are employed by Cranfield University but work full time on behalf of the association. Their salaries and related costs of £155,763 (2024: £141,432)) are included as part of services provided in kind, not staff costs.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
191,333
Charitable activities
Representation, social and welfare
416,596
Other trading activities
134,989
Investment income
3,392
Total
746,310
EXPENDITURE ON
Raising funds
130,562
Charitable activities
Representation, social and welfare
614,531
Total
745,093		 Restricted
funds
£
141,432
31,810
-
-
173,242
-
165,975
165,975		 Total
funds
£
332,765
448,406
134,989
3,392
919,552
130,562
780,506
911,068

Page 14

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
NET INCOME
1,217
RECONCILIATION OF FUNDS
Total funds brought forward
234,659
TOTAL FUNDS CARRIED FORWARD
235,876
12.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
and
property
fittings
£
£
COST
At 1 August 2024
287,596
164,176
Additions
784
15,881
At 31 July 2025
288,380
180,057
DEPRECIATION
At 1 August 2024
238,668
151,496
Charge for year
8,931
7,067
At 31 July 2025
247,599
158,563
NET BOOK VALUE
At 31 July 2025
40,781
21,494
At 31 July 2024
48,928
12,680
13.
STOCKS
Stocks		 Restricted
funds
£
7,267
49,484
56,751
Motor
vehicles
£
6,388
-
6,388
799
838
1,637
4,751
5,589
2025
£
27,463		 Total
funds
£
8,484
284,143
292,627
Totals
£
458,160
16,665
474,825
390,963
16,836
407,799
67,026
67,197
2024
£
30,908		 Total
funds
£
8,484
284,143
292,627

Page 15

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 11,001 24,775
Prepayments 5,522 7,883
16,523 32,658
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 42,323 35,469
Taxation and social security 15,276 21,357
Other creditors 44,540 50,760
102,139 107,586
16. MOVEMENT IN FUNDS
Net
movement At
At 1.8.24 in funds 31.7.25
£ £ £
Unrestricted funds
General fund 235,876 453 236,329
Restricted funds
Clubs and Societies 34,836 (4,564) 30,272
Shrivenham Campus 21,915 2,535 24,450
56,751 (2,029) 54,722
TOTAL FUNDS 292,627 (1,576) 291,051
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 658,676 (658,223) 453
Restricted funds
Clubs and Societies 20,502 (25,066) (4,564)
Shrivenham Campus 6,001 (3,466) 2,535
University Grants 155,763 (155,763) -
182,266 (184,295) (2,029)
TOTAL FUNDS 840,942 (842,518) (1,576)

Page 16

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.8.23
£
Unrestricted funds
General fund
234,659
Restricted funds
Clubs and Societies
33,293
Shrivenham Campus
16,191
49,484
TOTAL FUNDS
284,143
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
746,310
Restricted funds
Clubs and Societies
19,810
Shrivenham Campus
12,000
University Grants
141,432
173,242
TOTAL FUNDS
919,552
A current year 12 months and prior year 12 months combined position is as follows:
At 1.8.23
£
Unrestricted funds
General fund
234,659
Restricted funds
Clubs and Societies
33,293
Shrivenham Campus
16,191
49,484
TOTAL FUNDS
284,143		 Net
movement
At
in funds
31.7.24
£
£
1,217
235,876
1,543
34,836
5,724
21,915
7,267
56,751
8,484
292,627
Resources
Movement
expended
in funds
£
£
(745,093)
1,217
(18,267)
1,543
(6,276)
5,724
(141,432)
-
(165,975)
7,267
(911,068)
8,484
Net
movement
At
in funds
31.7.25
£
£
1,670
236,329
(3,021)
30,272
8,259
24,450
5,238
54,722
6,908
291,051		 At
31.7.24
£
235,876
34,836
21,915
56,751
292,627
7,267
8,484
At
31.7.25
£
236,329
30,272
24,450
54,722
291,051

Page 17

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,404,986 (1,403,316) 1,670
Restricted funds
Clubs and Societies 40,312 (43,333) (3,021)
Shrivenham Campus 18,001 (9,742) 8,259
University Grants 297,195 (297,195) -
355,508 (350,270) 5,238
TOTAL FUNDS 1,760,494 (1,753,586) 6,908

Restricted Funds

The restricted funds are made up of the following:

17. RELATED PARTY DISCLOSURES

The association made sales of £96,954 (2024:£94,496) to the University and made purchases from the University of £78,199 (2024:£75,616). The association also received core grant income and donated services in kind of £348,242 (2024:£332,765) from the University. The association also received a university departmental grant of £6,000 (2024:£12,000) specifically for the Shrivenham campus and a university restricted grant of £20,503 (2024: £19,810) specifically for student clubs and societies. The amount due from The University at the year end, which is included in trade debtors is £10,951 (2024: £24,194) The amount due to The University at the year end which is included in trade creditors, is £10,212 (2024:£7,631).

The student body operates various clubs and societies for which the CSA hold monies. The balance held at the year end is £27,412 (2024: £32,043) and the consequential liability is shown in note 16.

The association gave grants to various individual clubs and societies amounting to £0 (2022: nil)

Page 18

continued...

Cranfield Students' Association

Notes to the Financial Statements - continued For The Year Ended 31 July 2025

18. FUNDS HELD AS AGENT

Other creditors includes funds held on behalf of the individual clubs and societies under Bye Law 15 para 21.

These receipts and payments only reflect transactions made or received by CSA on behalf of the clubs and societies.

Under Bye Law 15 para. 24 balances there were no payments during the year reverted to CSA for clubs/societies which hadn't re-registered for 5 years.

Under Bye Law 15 Para.28 the individual clubs and societies are responsible for maintaining their own accounting records and preparation of relevant accounts. As such the amounts paid and received by CSA on behalf of the clubs and societies may not necessarily reflect all of the transactions of every club and society.

CSA acts as agent for these amounts paid and received during the year as follows:

2025 2024
£ £
Bank balances brought forward 32,043 29,317
Received 42,249 47,431
Paid (46,880) (44,705)
Reverted funds 0 0
Bank balance carried forward 27,412 32,043

Page 19

Cranfield Students' Association

Detailed Statement of Financial Activities For The Year Ended 31 July 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donated services and facilities
University Grants
Other trading activities
Shop income
Pool table and air hockey income
Photo booth commission
Room hire
Marketing-Promotion/Adverts
Coach trips and events
Coach card
Investment income
Deposit account interest
Charitable activities
Bar income
Cafe Income
Outside catering
NUS Extra income
Grants
Total incoming resources
EXPENDITURE
Other trading activities
Shop purchases
Wages
Coach trips and events costs
Coach cards
Sundries
Charitable activities
Wages
Social security
Carried forward		 2025
£
155,763
192,479
348,242
90,873
3,170
326
-
1,600
8,603
720
105,292
3,392
95,878
164,575
96,713
347
26,503
384,016
840,942
63,381
17,128
7,080
663
60
88,312
179,655
4,759
184,414		 2024
£
141,432
191,333
332,765
116,843
4,306
321
175
1,475
10,789
1,080
134,989
3,392
147,522
176,363
90,811
1,900
31,810
448,406
919,552
82,167
37,683
9,387
1,325
-
130,562
207,990
3,825
211,815

This page does not form part of the statutory financial statements

Page 20

Cranfield Students' Association

Detailed Statement of Financial Activities For The Year Ended 31 July 2025

Charitable activities
Brought forward
Pensions
Bar purchases and consumables
Cafe purchases and consumables
Space charges
Stock movement
Light and heat
Telephone
Printing, postage and stationery
Computer costs and website
Community support
Equipment rental
Repairs and maintenance
Cleaning
Stock take
Security
Entertainment
Insurance
Subscriptions
Individual Clubs and Societies expenditure
Irrecoverable VAT
NUS Extra costs
Executive projects
Staff entertaining and rewards
Major event costs
Staff uniforms
Sundries
Merchant charges
Shrivenham Campus expenditure
Travel expenses
Van expenses
Depreciation - Improvements to property
Depreciation - Fixtures, fittings and equipment
Depreciation - motor vehicle
Support costs
Finance
Bank charges
Other
Wages
Training
Services provided in kind		 2025
£
184,414
7,509
44,924
109,330
19,784
3,444
32,766
1,260
2,650
8,898
3,105
916
22,327
13,133
897
5,509
12,708
11,690
967
25,066
-
4,523
6,479
6,514
17,742
95
766
7,441
997
1,256
2,109
8,931
7,067
838
576,055
1,324
14,037
1,542
155,763
171,342		 2024
£
211,815
6,757
65,200
112,193
19,784
(2,076)
37,815
1,118
2,391
5,406
1,354
1,726
18,779
11,355
845
9,685
15,613
10,187
359
18,267
9,651
4,667
3,911
1,837
13,831
959
476
9,298
1,771
812
1,650
8,363
6,600
799
613,198
1,370
17,125
1,926
141,432
160,483

This page does not form part of the statutory financial statements

Page 21

Cranfield Students' Association

Detailed Statement of Financial Activities For The Year Ended 31 July 2025

2025 2024
£ £
Other
Governance costs
Trustees' expenses 180 -
Accountancy and legal fees 5,305 5,455
5,485 5,455
Total resources expended 842,518 911,068
Net (expenditure)/income (1,576) 8,484

This page does not form part of the statutory financial statements

Page 22