**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:
- Advance the education of students
- Promote their welfare and wellbeing
- Represent their interests to the University and external stakeholders
- Provide social, cultural and developmental opportunities
## **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:
- Strengthening representative structures, particularly within academic systems
- Deepening student engagement and support to enhance the student experience
- Continuing to invest in governance, legal compliance and organisational resilience
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.
- Select suitable accounting policies and then apply them consistently.
- Observe the methods and principles in the Charity SORP
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and
- explained in the financial statements.
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- University grants - Grants received from Cranfield University in relation to services donated in kind.
- Clubs and Societies - Grants received from Cranfield University specifically for use of awards, grants for entrance, courses and affiliation fees for individual clubs and societies together with equipment for use of Clubs and Societies.
- Shrivenham Campus - Grants received from Cranfield University for associated costs in respect of Shrivenham campus.
## **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