TOP STUDENTS. UNION IN THE UK ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS or e year en Ing Registered Charity Number 1144820 BUCKS STUDENTS, UNION OURJOURNEY We're proud of our journey over the last 50 years, bringing us to where it has ti)day, and always stfiving to make life better for students at Bucks. .Jw¢* tyenii cyenpd 1977 1989 1997 2004 2006 -mployod 2 8uck5 -.ampv BIG DEAL 2009 2008 The BioD&di1is￿[ 2007 FifSI CEQ nw.ntpd. Buck5 201Q 2011 2012 2013 NSS ranked 12th RLJslys Radio l¢vnded HRfur￿lItsn Iiiiroduced NSS ranked st .nd￿￿hi￿Ii￿ bvs seiviee 2016 2015 2014 Gdd Best B8r ￿￿e NSS r4Dked NSS (aiiked 6th Elmployed 40 51aff Gold Best 8ar None 2017 2018 2019 NSS ranked 2nd NSS ranked 3rd 2022 2021 2020 ebEc8me8 Mindlvl Employei NSS rankÈd The Kitchen R￿￿mdToP￿ emplDyEr 2023 2024 2025 YE*RB1LxP￿￿￿ly2025 Ourjoumey 22 Trustees. ReF(Jrt Statement of TnJstees' Responsibilities Reference and Administrative Details Independent Auditor's Report to the Trustees Consolidated Statement of financial Actwities Charity SLgtemerrt of Financial Activities Consolidated and Union Balance Sheet Consolidated Statement of Cash Flows 32•40 Notes tothe ￿na￿la1 Ststements ANNvALREP￿ANDc0N￿￿DA￿RrW￿4Lsr￿[E￿ YE&R￿￿K￿￿￿Y2O25 and Flnanclal Statsments for thoyoar •ndlng 31 July 2025 Frorn the outg(xng President lkn realty ￿eaSed to introducethisyearfsTrLBtees' Report and ￿nan￿al Statements. LcA)king back over my fiveyears with 8ud(s SbJdents' Union,first as a sbJdent,then as Preshknand most ￿en￿VaS PresthL I feel Incredi￿ proL@ and grateful tt has been a real privilege to servethiscommunityarKI to see first-hand the difference the Union makest05t￿lents. live& What lin m(tst of is h(￿ farwe've ¢on* together. The relationship we've built ￿th the Univemy c(YKinuestomove f(Mwafd in such a kx>sitive way, and the Unlon Is truly valued as an integra part of life at BNU. Inf(iati¥es like the 8K4 Deal remain a unique offer that sets us apw(arKI ourcwjinqcost-of-liwro gJpport helps ensure every student can enioytheirt1￿* at Un￿e￿tyWthaut barrier& None ofthis would have been possible with)ut the paSs￿,COrr￿lrn￿nLand kindnessofso many brilliant peop￿ working tcqether. 8u¢ks Students, isN%ek(xniro ambit*yJs and tenathJ& a￿1 I know It￿11 continue to gve our members ihevery best supwt OPPX)rnJnities, and eX￿rienceS. I'm provd to have pw a smol part in thatp)urrw, aThJ fm ￿rted toseetsthat the U￿On From our Incornlng P￿ide I hry)ovred to have t*en e￿¢t8￿8$ Pfwdent ofBucks Students, Union and totske vpthis role iheyearahead l tr￿Uld like io begin ￿ thankiro my predecessorand the cWir4J off￿teaMf0rtheIr hard and commitsnent over the pastyear. Their hard has made sure thatthe Unh)n keepsd￿Tr￿ imF*Ntsnt thlrKJs to represenL 9JpporL As I slep intothi5 FX)sIK)Th myfc¢v5 wll beon building UP￿ the strongfoundations al￿a￿ in p48c& l am d*rmined to make SU￿ that our Union keep5 fighting for stvderrt voice, offering intereslingopyyivntiE& arKI tYOVKlirYJimtx)rtanl supwrt 5etvices duiing thls dTffiuJlttln* ￿ many pe￿ in h￿j￿￿educat￿)n. WorkiroaknqsKJe bijstees staff,atMI oUrst￿lentcommunrty, I Icx)k forward to c￿￿ribUtiryj tothe un￿n'$gr(￿4th and impact Together, wewill cC￿tinue strivinqto create an indus1￿ gJPF*fftarKI insFiringen*ironmerf whereevery student at BNU can thri TRUSFEES'FEFO YE*RB1LxP￿￿￿ly2025 Bucks Students. Union ts an inspirinrJ dynamic and tenacious membership organisation whefe our primary objective is to make life better for students at Bucks. When ¢onSKlefingwhe￿tQfr￿Us¢Xjrat*n￿. Trwtees gave regard 10t￿ Charlty Cc¥nmissk)nguKJance on ber*fit Bucks Students Union started theac*jem￿ yearasgjred that we were in a strong POS.t￿n to achievewobiectNes whilst about thechallenges rnvJhtlace. Wrth thecontinLir4J cost-of-liviryjcrisis, the orwrrfJ housing Cri￿S, 50cietal Changes have impacted on Ixhavirxjr. stLthnt enlarged by new intakes of*udeni& ovrteam IK8s ¢ot*d femarkabfy in reactingto increased demand. Tl* has led the Unbn to recongdera number of ouc ways ofworklnqand to 0dapttoourew￿Nj￿[Onn￿ kamlry manyvalualje leSK￿$?10rKj the way. Naw¢Jkn'ro thechallenqes the Union has or￿e again grown Part￿1PatIon in actiwties and prograrn￿. encc4Jraged rnorestudentsto contribute toourw*Jer w(xk and seen meM￿r$ make the most ofthwr time8t BNU. As we draw aclose10t￿ sec(yxl yearofourthree.year strategc ￿an. we are happyto fepm *rong Fx(KJress ￿$$1￿1( 6 FyKyity themes.. Indu•Mty •nd Emp￿¥4￿1 and UhAftar Unlverslty TrusrEES'REPO YE&R￿￿K￿￿￿Y2O25 As wtot the acade start to refiect and plan for the yearahead we afe stsrting to dfaft our annual re alongside the audited a nts and financial statements, and hare some of hievements of the last12 mont r progress rt that sits wanted to Across 2024-25 r we have_ Driven stLthnterK40g￿errt aThJ p¥t0pat￿￿1 to re¢ord *l&bro&Jeningwr reach acro the membership by prcwklirrfJaccessiblq and I￿USive pwrammes ofsuppor( development and activfty. Wrth ovw1,000 indiv*Jual members ￿ceSsIng Students, Union services, oP￿Unrtles aCtivit￿S and even& the BVJ Deal hasnever been more pwular, and ourwider C(y)solKlated (kjr fv inthe Topswi UK ofthe National Student Survey foi bothiaught and registered St￿n￿Wh￿t se¢toravewJestr satisfaction 8crossall stvdent¢ommunitie&Th•'$9 ¢￿seCutIVeyearS in theiq) 5, shwnga wl ¢ommr(ment to the bettern￿ ofourrnembets experience and ujr understsndinqoftheir nqeXpeCtst￿ ured generoLLS¢yarrt& fundiroar*J supp)rtfor2025-26. safeguardiro0urong￿ngrlnanClal vkgbilityand al&MTh3the UnKn t0fvrtherd￿￿OPthe Sery￿es and support Wdlvab￿ to our rnember& Successfully Laurthed the'student V(￿eofF￿r'ne[wO[k, improvingourcampaign work and betterrewesentirowrdNerse student trMthI. acrossall camwses Won wpp)rtfrom the Lknlve￿ty for tM)th a significant refvrb1shrr￿nt project ofour social spaces andforthefull rep*ement of our veh￿e fleet makirrtj them safer, more rdiable and moreenMr0nmentd￿ friend￿. TRUSFEES'FEFO YE*RB1LxP￿￿￿ly2025 Worked effect￿e￿ supwYtiThJourfantsaiclea maintaining an emtAoyee engaJen*nt s¢￿e0f ov 90/a. ahead of our com[￿l[[we set the Sttjdents Lkn# sector and the third sectorin generaL IP Impr(Ned Fthance in re5earth arKI svtvey resp)nsesar(KNKI Imp￿on ￿ent￿X1. bekw.ng ￿adem* wpp(KL recruitn*nt and emptyability. UnV￿led a refreshed visu& brand that tetterrepresents ourorqanisation, toan extremew p)srtwe reS￿s& [￿aMIC￿￿ responded to opp)rbJnities, adopting inTh)vativeapproaches to SUPFX)rt institutional strateqic imFeratNesfiJrthergJPPNtirrtJ wrnew relatioryship. • Through a simpleone-year plan hEve 5ucce55fLI started todNerwfy ourtrading irKorTEMnnnirvJ slgniftant new ¢ontra¢ts th* will both gr(W￿￿ve and allow us to positivdy improve our members. expenence Beqvn tOWder￿ett￿ impactofryjr ratidly deVelo￿n￿ w(xkarovnd St￿ leadLYshlp with all 4Sabt>atl¢al Officers and thfeeofthis years va￿iCtOrians beinq graduates O[￿Jr.Leadership Academy. • Throuqh newwaysofwcikingarKI tenac*xB student leaderthip overa number ofcampaiqn&wek secured bigwins for ourrrEmbers acrossa whYeSFectnJm of wr work inclLKlirrtJirnprovernents in ￿adern￿ exper￿￿< ¢ost-of-Iwing eqU￿lty, diversity and IndUsK)￿ Ixbw'rrfJ and rn0￿. a year•cn*ear1￿rease of1T/o in participatK)n in Lknh)n run actNities byourGthal Majority stLdent c0mmunityih￿Ugh fvrthw tactical changes in our prOgr￿ry communicalion5 and delivery. fvJrttvsuc(tsswth fijl undergraduates kneK%e sawpthpati￿frOM ourGkbal Majorty stLthntsgrcwtoahohdgW/.1+2y.YoYI. Contlnued to support n￿rter$￿the¢c£t- of-living through a plethora of creatNeand vdu*s initiatwes, not least serwng nearly9DOO free h)t meds when stL&nts really need them. p indugve practteswe have ggnrflcantlv 1r￿ea$edthe dIVer￿ty ofouiTrustee Board. strjdent iparKI staff tearn& ExterKled our 5ervicesaThJ Opportunit￿ ￿ey￿d tradill(Y)al tem limes a rrrtye ￿F￿l￿e equltatAe experience for care ￿0ver% intem*K)n student ond tht)se enrc41irK4ai drffe(ent pcintsofts y. • CTh)tinved to buikl ￿ the'8ig Deal.. InterTh9tK)nal'. programme ofeven& cultural celthiions orlentstk)n, dev￿0￿ and trainlrK4 to better support our rr*mbersfrom cwerseas has seen a significant growth in participatK)n and errfjagement throughout our intefnatKJnal student communty. We can now proudly rewtthat 95Y. ofour intemational student communtty errfaa￿ wilh s￿￿lents, Union programmes durirKJ2024-25. Actively strengthened our relationshipwiththe institution, openinq newopF(Irtunrt￿toex￿1orefvrthel, impacrful partnershipworkingforthe tetteffl￿nt ofthe stLKdent exper￿nce at BNU. PrOfessK)nal￿8nd manwJed oUrfin￿Oal resourcesto improve on ovr b￿e￿ breakev pO￿tk)n. whilst delIveringc￿ ourcommfftn SurpaS￿ng13rqet$aTrY investiro in key woms • &Jccessfully re.￿urt￿ Bucks Hio ourevents hlre businw wlich abrKJSkle Bucks Prfntingls startingto genefate imF*Xtant fevenue to support the Gained sector ￿OgnItIOn wrth natic￿alaWwdS shortlislingand hIgh-prOfi￿ accredit*ion5 kite marks ir￿lL￿11r0GokI Besl Bar Nor￿. Green Impact Adwce standard. MirKlful Empaoyer. Mental Heatth at Work Commitmeth and Dis8bilty Confi(knt Committed. • Thro￿ OLKcdlaÈ#)rative approach. engagiro with cour5eleams to encour&¥ SuP￿t, we filled well over 73% of all availabk CCAJf5e representative postK)ns,with Othern￿hanIsms in pL4ceto¢wu￿ feedback from C(MJrses W￿￿)f￿r￿1 rtdrfr￿ukto dect reps.This enab￿d usto represent wews ofour mernb￿s from a truly wel-infom)ed basq resultinq in improved perfomiance in the National Student Survey the institLrtiorL Contributed over£250,000 in vakJabl< paklwothfor our members as we prO￿ty contiiued a8an Real tiving Wage Employer. Marshalled an incredi￿e awayva￿￿winlo rthnthe Rothck trophy. me￿ 2QOOOhrsOfm￿lrrfJfv1 paid work creat&J for owrwwkn*the real I￿ing wdge. TrusrEES'REPO yE*RBlLX￿￿my2O24 • Ourteam have maintained ourcommitmentto the Mentsl Health Ffam￿*￿￿iCh￿ll havea demonstrable impact hcw wetsckle issJes rrounding rrEntal heahh how we gJppcrt ourrnernbers and 5tsff.AfiJrthercommitrnentlo training ha5 Upskil￿ an even grealernumFHof ourteam as Menta Heakh first AK*r> • We ha* grown partiapatK)n amonqst stwjents from IMD quintiles1 and 3 thosefrom the tTr)st deprived backgrwnd& byover 22Yo and those St￿Jents rth¥engage MorefreqUent￿ihan their r5 frorn r￿e advantaged background5, testarnent toihevdlue of BKJ Deal ar￿ how we St(￿lure our programmestoensure accesslbillty. Achi￿ed the statusof'very ￿forthe Green Impact aCCreditat￿Tr ￿kn￿1r￿j ourcommitmentarKI acticffj toe￿1 and environmental issuesarKI to operating reS[￿Si￿v. PathpatKJn engagement from our LGBTa+ stLklent communty has risen by 26Y4 Wlth Btr/ of thecommunity ￿ro$sthe entire university part￿patIr0 in 2024-25. • We delivered a quiet IK)ui * our Fresh•Js' ￿￿￿ents who have a krknvn 01 declared disabillty reveffl for a m¢ye apyw*e n(weroaqe with Students. UnN)n sw>ptsrt, and r￿Uct￿ for￿[ sens tiwt*s oroppoflun((ies al a hlqher rate than ihelr condilon&AMgsth tl*, we trff0ade￿ ourea r*ers and these parfjclpallon ralescontlnue eveninqand r￿n.1￿enSed events offerto t*come to qrow. more indU￿Ve for ourdwerse communrty. • MeagJrable errfjagernent from mature students has grown by TA year on year a5 a percentsge of thepopulatKJn, tr gr(Mth of 21Y. of individual stvjentsfrcrfn this qrwp. • A robust apwoachlotreawrnan&¥r￿ has yiekled a prevhJJsty unredi5ed s￿rCe of inccme forihe Uniorn In the next academic year. led by our new officer team, t(JJether wll be: • RJrther ImproviThJourscck4 sp￿St0 meet wr • fijrthers￿￿￿tirQneW sLJdent ccth¢N memberfs need& those enrdlingacros5 muhi* entry points d appKen1￿& • GmirKJoufc051.of-livmg suppJrt thrwgh lobbwn¢J seTrice deve￿￿￿nt and partr*rthi) wtthihe institution. BuTri Jiw Stu(knts' Unkn entry SUPF)Ort at the institutK)ns new ddwery shes in Nottingham • Enhat￿1rOStudent safety acrc6s a￿de￿ge of initiatives. IrryoviThJoJr dl-rouTrJ offerat UXbr￿ge through ￿r¢e% setwces and opp￿￿nItIes. • Cre*'ng mcKe SILth￿ part.tirr work opportunit￿& oFffiiwafan￿$￿ new community garden project to enhance wrcampuses SUPPDrt bv)-divetsity and ueate a ￿der array of Opp￿￿nitIesf0rstUdents LaurKhirYJ 9gnfftath ¢*eriTh3and hosprtaltyserv￿e& GrcwirooureventSwv￿esaTrj w¢) businessthrujqh the unw￿￿ty'Sfanta$t￿ new Brund EThJir* Shed f￿lITty. IntrcKlwrrfJ rr￿l￿ferna￿ SPK)rts tearns and s tirvJoppxytunitie5. • Devdoping ourwcyk arourKI career5SW)PK)tL employability arKI hr)tk readine m￿th. mlth more... TRUSFEES'FEFO YE*RB1LxP￿￿￿ly2025 We are once agwn abletocdeLKate afine Wf￿r￿a￿e1[Ithe NatK¥HI StLthnt Survey- where Bucks Studerrt5' Union w85 tanked in tsETop 5 studerts'vnions in UK highereducationforthe ninth C￿SecUt￿e year- provKlinga ￿￿as￿le ofoLK re￿Va￿arKI r￿diEN1[ty amorKJ5t the rnemtxrship and as a wesentatK)n ofour hoh ￿eLs of engaJeff£nL Sheffield Sheffield Suffolk West London Wesl London Leeds Trfnlly West London Newman Sunderland Sheffield Ov¢k• Surrey Glyndwr West London West London Wesl London •uek• St Andrews Sheffield Sheffield Sheffield London Met Surrey St Andrews Surrey Loughborough West London West LorKlon Sheffleld Wesi London LoLKJhborouqh Keele Ou¢k• Loughborough Sheffield Loughborough Nottingham Trent Keele NSS ranklrostr UK #udems'unkn5 2017.2&wiihkn ￿'￿e¢l•ll* Thefdlowngtable a10.year break¢kM rAstsJdert Satis￿10n with the Union. based on quesiion 26 ofihe National St￿ent Sufvey. As see fr￿￿ the taiA< stUd￿ts from a wde ¢ross-se¢tion of demogTrF*i¢s a￿ ¢onsistw)tW [X)srti￿ab￿rtthe Union,ex¢eedingthe nati(x)al average a￿0$5 the board. once again deMon￿ratir0how￿£ (xrtwfom) the se￿and ixjdc trend This data wll wpportdiscussh)nskntare hawro xrossthe instiLJtion about retentK)n, the Access and Participatb)n Flan, attainmentgaps and wovkliro the test ￿￿ble experience from September 2025. We beI￿ve this data demc￿strateSIhat w)rkn'r4J together. to prC￿te student involvement in StL¥*nts' UnDn activtties. can helpto make a ￿055a WKle range0fst[ateg￿ impeiative5 foi the Univerw. TrusrEES'REPO YE&R￿￿K￿￿￿Y2O25 h IICLV crnzc Ixz 2022.23 Bvck$Slvdents' rar*irqlnUKHE. B￿kS su BLth Sludwts. khqln UKHE. Bvck8 Students, Unlon rBnklrrfJln UKHE-I 8uck$ ff. Dwf. Dlff. siud¢rns' Unlw ￿1818￿￿ 76X +FhX 83.4fA 7Z9r +10fj6 86.2VA F5.9% +10a6 D1Sa￿litYrepOrted .4% +6.6% 9125% 68.4VA +11TI 8S.93% 67.77% +19.08 v￿er X on ernry 74.5% 83ffj8X n.52X +1216 88.76% FO.$3% +Tr23 PAalU￿ students 80.1% +l4% 82.3B% 75.91% +6A6 $fv*ents 89.VA 79.VA +10% 8&84% 77.45% +827 88.sfA 76.3PA +1116 Asian students 84.fA 79.rA 90.84X 75firA 86.09% 75.04% +1105 Mixed 5¢￿ents .rA 73.V *5J% 74% 70.58% 8&F4X 6FJ5% +1&49 Wnfte #udents go.tfA 745% 46.4% gOA6X A.48% +9.89 84.95% 70.23% +14 Fernale StL￿entS JL)X 84.￿ 75% +9.12 86% 74.07% +11.93 Male S￿ents 86.n% 6E.44% +18.27 TRUSFEES'FEFO YE*RB1LxP￿￿￿ly2025 10 20J-22 2020. 2019.20 Bucks StUdents'Ur￿)n r*kng in UKHE- Bud¢s Stu(SeJrts' Union rankiTv4in UKHE- 3r kiw in UKHE- Bucks su rths Diff. Diff. Dift. 026 Student5. Lkn1￿ 5ati5fxt 69.gfA +17.y 2A4 73.OVA 55.99% +V.09 St￿entS￿1th 5PEofic leaming dlsabillt*s 6296% 49.93% +13.03 66ffj7X +15.01 69.51% $5.04% St￿eN$wIth dlsabllS1*s 68.85% 48.OVA *20.78 59.26% 50.37% +8.99 67.95% 52.54% +15A1 Mature Stvdents 68.03% &3.¢)wA 63.ofA $3.8rA +9.14 73.18% $6.93% +18.gS Yowq Student$ 09% ￿05% +20.04 69.44% $3.09% +16a6 72.2rA 55.73% +16A9 81ack StL*lents 79.4VA 57.36X +21 +￿1 79.2SX 60.3P 418.00 Aslan S￿￿ents 67.65% 59.08% 70.18% 58.43% *M.75 75.29% 60.91% +14.38 Whlte stud￿15 65.89% 50.90% +15. 615¢)% 51.gfA 10.89 10.7rA 54.$3% +16.18 Fernale St￿￿ents Pl.85% 54.35% +17.5 69.69X 56.06% +13.83 73.17% 58.30% +14.87 Male St￿10m8 65.C*)% 49.84% +1&* 5828% 49.04% +922 7Z88% S2.48% +20 2018-19 201Tr19 2016.17 xkss1￿1ents. UN rankSr*akn UKHE- I Bl￿kS su Bl￿kS s¢th1ents' UKHE- Bucks Students, Urlon rjnklngln UKHE- S Jcks Diff. Sector ff. 73MX 55ffj6% +17.07 75.4VA 56.4r +19.02 69.26% 56.79% +1147 SIL￿entS. ihlm s￿1$fact￿n sI￿entS￿lih $pKffic leamingdi￿tsI1St￿s 60% SS. +16n .26% $6.23X +1&03 70.10% 57.10% +13 Stl￿ents￿Ith thsBbilft 57.95% 5257% 4&39 +19.87 70.00% 53.05% +R95 M￿￿re Studoms *19.18 74.95% 56.6VA +1827 65.12% 55.13% +9.99 Yelng Students n.86X 55.65% +17.01 75.9￿A $6.40% +19 07% 5F.37% +K7 Black st￿Jents 79.3fA 60.34X +18.97 80.83% 61.82% +fvm 65.05% 62.03% +3.02 Asian Student5 34% 60.86% 4M.48 71.69% 82.50% +9.19 Whlte siudeNs 7J5VA 54.07% *1932 73.05% 54.93% +18.22 69.fA 55.12% +w.e Female S￿ents **39 78.nx 58ffjr +19.44 69.5ll 59.15% 410.42 ma￿ Studetts n.90X SZt% +191B 69.82% 53.22% +1 68.62% $3.39% +1S23 TrusrEES'REPO YE&R￿￿K￿￿￿Y2O25 This vnKiue offerddwersexcwiorK41 valve and has a signth¢arn impa¢t t)n satisfacti(￿. ￿￿lI￿n( and retentK)nwhilst ta¢kliTh4 ¢halknges around equty, Inclusivity,and the cost-cl-liwnocrisis. cz Wealso b￿￿ve that theNwrk ofthe institut*Jns Students, Union continueslo )ntribU￿ tothe ethmmentofthe Univerws natitinal repufation. This work is buih on the fcMJnd*ion501 the BKJ Dealwhich Und(JJbt￿llY SUPFxxts ourstrong FwfomarKeyear-on-yeaf in ihe Naiional Student Suw and at the Whatuni Student CIKxceAwardsamry)gst¢)tt)ef n*ionalfy rew3n¢sed aCc￿di18110nsarKI a¢¢olades. Italso sitsalcfftgskle ourvohjnteering twranvne4outreach, charity fundralslrq and communityfxiro Furtherrn￿ the stre￿h ofthis Fwgrarn￿￿ in its I￿lUsive approach. rangeand breth addsgreatvalue to the narralivethe Unv)n can provide as an independent v0￿e inihe Access and ParticipalKJn Han.IheTeaching Excellence Frarnework entwitten sutxnissK>nand within our¢omminntiothe St￿ents Altu￿S Manrfes wasextreMdy(ewardingtrth￿ the Unwerstysdepartment ofstrateqk Planning and ChaThJeconfirmed once thisyear, through anaty￿ng participation data, that St￿￿ents from wdenir0part￿ipatDTr b￿kgrOundS a￿ participating at the same rates astheir more advantaged pee￿. no matter thar socio-ecommic backgrounds IIMDI. which far lessliketyto haFWI ￿ ￿her in51itution& Thi5 gcEs some wayto prowng BKJDeal 15 ￿eSSfvI in rem(MrKJts3ttietsafKI ¢￿ir￿j a levd playingfield and MO￿ in¢lusive * BNU. We have ctearfy art￿UlatedIhe ￿napleS ofwr unique programmetoen9Jrewe remain fwjsed the inp&tful woritiesofthe Big DeaL TRUSFEES'FEFO YE*RB1LxP￿￿￿ly2025 12 From events and entertwnment. societresarKI wtsto k￿￿Of1nV¢knntt0 drive participatK)n. We believe recreational actNtbe5 and personal devebpmert our thisyearfs re5th some evKlenceofthe gjccess of programming is undetpinned by1￿ wcx kn- To enhance student Irf< briroinqvibrartyto our campuses by creatiThJ a diverse and exatiro extra and co-curricular experiencethat compares favouratty withwr comFetitors wfchin the s￿)r. Mak￿qcarnF￿s a [￿￿e(￿r Léents want to From the same gJrvey, when asked if. The Bv] Deal, wh￿h inckths free ￿esS to teingpart ofa team or sOc￿v, atterKllng￿t1vl￿S Org￿ngtO events additional skills sessions triF&wasa factorin me ch005ingto come to BNU.. A¢￿••￿Ilty. To wpport inclusi￿lty, ¢ekbMingovr dIVe￿e student community by ￿moVIng borriefs to opportunrty. 63Y. of stLMlents a3reedthatthe Big Deal had a posltlve inffluenceon ihem Ch0o￿ngtO attend 8NU. The financial Im￿￿tK)nSOf thisare sIgnffrant￿ P￿tiVe for the institution l+fA YOYI. B•lonqlw. To cultivate a sense ofbek)Th]ingthroLoh supportinqand promotinqa heahhycommunty, active stLéent groups and a Unwersty environment Of¥th￿ can all be wIx￿. iMrnlwJ- Todevelop and enhan¢eopp)rtunities th support our students, leamingarKJ course-based acbvity. Inthis years survey, stL#lentswho h24J indicated they had ¢￿Sidered BNU We￿8$ked..,Wh8I ro14 rf any, did inthment in BKJ Deal actwibes CIÈ. bwng pan ofa team or s(Kiety, atte￿11Th3 activhies orgolng toevents, addltlonal skills se59￿$ and trips) play In your decbslon to remaln at BNU?. Imployabllty. To devdop our leaMe￿,CQnf￿￿q transferab￿ skills, graduate attributes arKI general emplOYa￿.11tYthrouqh readily acCessi￿e p&d ernpk4￿rt personal devel¢JpYnent pfwammesarKI volunteeriThJ oppOrtUn￿￿e& 3fA dstudertsagreedthat the Big Deal specrfically had a poytNe influenceon th&f decis*Jn to remain at BNU l+fA YOYI W•llbdty- To enr￿h our member5, physcal and meN wdlbeingththjgh a wide.ranging portfolio of supwt. actiwty, weware provis￿ and personal devek)pn￿rt Afvrt￿r3?% of students agreed that other Union services or sUp￿t had a posliwe inllue￿eon tl*m ¢hoosingto ￿MaIn ai BNU1+6y. YOYI. Rwullm•rt. To maintsin an ea￿￿￿nMvrI￿b1e and marketable offer. as a unique sellinq pc4nt forthe Institutiorn Inthe most ￿ent Memtership Surveywhen asked What gNe5 w)ua sense of bebrrfJ'rrfJ al 8NU?'the StLrlents' Unbn in featLK•J wominently. Satl•factkn In the Unions Membef5hip Surveyof2024-25. attracted respwsesfrom over1.000 IrKliv￿uaI res￿fftdents from right across our Curient BNU ￿udent b(xly. we asked our membersto ￿8¢tt0 the st*ementBu¢ks $ttjd￿ffs Union and ihe BKJ Deal makes lrfe iwer tr SttKlents at BNU., 9PA of BNU ￿SpondentS3greed1+1°A Yoy). Frcffn the L*5t dats availab￿ to u& 92% of'yourrtJ' student5 wtN)wefe eligit￿ to pr(M3￿$¥t 4 had panicipated in Bo Deal a¢tMties. Ofthosewk*we notelijibleto prL*Jress,fewer ha ged and ofthDse WIKJ have withdrawn from th￿r St￿￿S the￿ wasa farless substantial part￿ipatIon rate of￿% 91/. of students believe'The St￿￿ents. Unh)n hasthe POtr4Ef to create real chanqe and makethiroshapFen atmy univer5ity'1+l/. YOYI. In a series of pape[5 wrttten in advance of ttMsretx)rL Union has iderrtified that $ch(K￿$ wtthin wr instttutw,th)se students have adeeper ￿Ve1 ofinvolvement wtth Union facilitated co.curricull2r proqrammes commonlyha¥e hM*r vels of instrtutional satisfaction in the National Student Survey.Tothat end, throuqh collatM)ratNe w￿k1Th￿aTrJ constructwe eryagement. we continue to partnerwtth the 5thools now colleges which have [yevio￿ty￿em£￿str￿ted The UnK)n Swjg￿tt￿tthe comtrined posr(we impact ofthe BKJ Deal, al￿gSK￿ ourwithroffer, on both recruitment and retentK)n rnakesthe programme a 5ignffiGant nel c(Krtributor totheUnNersitrfs str￿finan￿al wsitio TrusrEES'REPO YE&R￿￿K￿￿￿Y2O25 ENGAGEMEKf AND PARTICIPATION WITH BUCKS STUDENTS. UNION SERVICES. PROGRAMMES AND ACTNMES R•mar¢heonduc￿auOMth•••el•T We can't aKvayg measure engagement ￿th, ghvA*d th•1•ibq•i￿knthkn'￿1Dft orthe impactof, Largeareas ol our work such rw•th• w¢t•r¢•n b•M l* institiJtK•n, consumption ofour print media and richdi¢itd contsnt CK participatK)n in all of our online provi￿On. Nordo we record individual stL¥Jeth dataf0reVeryt￿nSaCt￿1naI interaction thr(wh our bars. Cafes fetail, freshers. falr and 0tsrs￿h Se￿CeS or events. nor indlvidual instancesofrepresentstlon suppgrt and gener Jvice, orcagjal consumptK)n of ￿tiVity, such os SFectatirrtJ at sports CK sOc￿tY events. The data we ¢th) havedoesgive usa reaSOnab￿,$n8pShOt, H¢Mver, thanks ￿lhe BvJOeal and the breadth towork with, S￿ir0 uswhere we have tractlon ofour prt%Jr8mme& v* haveoften ouwerfom*d with the 5bAlent bodv. the sector at 8NU,wrih some sclKY)Is slNMng engagement I￿￿90f0Ver 90% a Fxtxjd BeyorKI wh*wecan measu￿, wetake S*i$l￿tIOn leveL8 from the Natx)nal Student we hopelo malntsin better. Sufvey and we perform 4ainst the sector b￿rnarkS amow sFeafic student (Jroups as an of our reach and relevancy. Where institutv)ns, such as BNU. a￿ successful In supwn1ngthe.s￿ningP8rt￿lpat￿)n a¢3enda', thls figure Is m¢xe ¢wimonlyarouNI SOKAt Insthutbns, orwiihin facvhles ￿ sthwls,where there are highw instancesofmatuce stLKknt& or wherethe cournes a￿ based arojnd sh3nifunt pL8cement actwrty, thisfigure falls￿. Annudty, we run reP￿S whth twn to explore the demoqraphicdata OfSt￿￿ents who hwe formallyerrfjaged and partKipated in UnKJn serv￿e5 and aCtMt￿& As shown in the tsbles on page510-11, you'll see idwKeofBucks Students, Union outperf¢)rming We Monit￿ such staL$aso￿ ofa rnjnvrx the 5￿conSISter￿1v0Yer 8 numtrxrofyeat5. ser￿SOftempemu￿ gaLoe c1￿CkstO enstKe ￿)55 a range of keyderTtqt3phic groups.These havean U￿erstanding ofour reach and ￿e￿arte knls of SatiSf￿t￿)n a￿ un(*)ubtedly buoyed by across(AJr entire membership RequL2rty, this data BNUS unKiue BKJ Deal, alk)wiro the Union to trxjild cc¥mes from a range of sources, wh￿h indLkle progwnmesof￿twitythat can appeal tq and sign-ups and registersfor recreat￿￿al athit caterfor, the diverse requirements of ours devebpmental se5sons and vdunteeringprciects tL4dent popul￿10n. alongside everythingfrom attendancea￿l parti￿pat￿ dats fromeventstripsarKI fTWtirKJ5 As Unwersty lrfe retutll5 to normal afterthe impact to memberships of sFx¥tsteanN thbs ofthe par￿m￿ has subsKJed. we have datafor nwjrable instartes of participationfrom 6,150 indfvklual st￿￿en￿(+2rA YOYI. TRUSFEES'FEFO YE*RB1LxP￿￿￿ly2025 14 91/. offijll.time urKlergraduates have rec￿dabIeerKJ￿Jernert Each unl￿ L￿part￿￿ isfc¥ming planstoaLklres5 anyareas arKI participatw wth our Se￿iceS arKI progr8mmesihis of urKler-rewe5entstion in theirservice area and pwrammes year. with an increase ofunKiue students of25X YOY. Manyof in next year. these students used a ranqe ofUnK)n seMcesaThl wjed th multirAe &twities on a reqular basis Fr(xm this data can wesent thef￿k￿lrQ breakdowns usThJthe thistitutions q(oupinq& This data indudes Inv￿Mentfrcffi StudentscffthL￿d1e1￿s dfftrentcourses. at every level.across all schjds and all mode5 of study. We aspireto attain even greatei I￿sof eryagement amongst indwidual part50fthe offer Ixrt are reasonably satisfied that part￿lp￿ti￿ Ws bydem(uraphic rgely map well agalnstthe BNU stijdent W4xAa Et￿nIC￿Y 100 90 80 80 50 40 .Ll. lth Lll_ rL_ 30 10 P%20) IMD 100 90 80 60 50 30 20 10 TrusrEES'REPO YE&R￿￿K￿￿￿Y2O25 15 Intoihe fi￿year ofthe Peo* StratwJykK2024-2026. Fxogres5 15 bwng made in the ccxe1F￿MeSth* ¢Mrall stratrgcplgrr Emtr*d ourwdluesineverythiThJ￿edo ErrfJagecyJfempkn Developthjr Perfom)to high sraKbrdsarKI defwfye* Retain ourtaknt We maintain delivery of sector knJir¥J best praC￿f0r0ur most valuable resource and a￿ reviewiro scffEofour interna systemsand proceduresloenwrecontinuou5 devdopment and 5wce5saswe move intoihe next academic year. In the 2025 Emplwee ErKJagement Survey. 71 pe￿e to the survey out ofa pcwible totsl of79. a ￿sponSe rale of9PA Th￿e was a POgiNe enqagement score of 9r/.which Ss 6Y. abm la￿ ypar 6% alm the peerben¢hmarf( 8% SU tenchmark 15% ab￿ thethird sectorbe￿hmork There were many reswnses to be proLMJ ofin this yearfs survey aTrJ the Union 11 endeavour to maintsin this POSTtive eng￿ by continuiro to InV￿e staff stratequllyand KLialtyat all within theorganisat￿. 9f/. havethe r￿ceSSary kn￿ ski115to womoteequalrty. diversityand incluyon Iniheireveryday￿￿rk 95Yo Stateihe(xganlsat￿ Val￿ 957. trust and resFect theirmana 94% belRveth& thi5 cffwis*iondelNer5 a h**4]vality ser￿et0 ts members 9TAfed to frKthis cryanisali In￿ased scoreswwe Se￿ in n of13 topis wrth thegreatest improvements 2024surry intheareas ofr. Perf0rnTrr￿ M¥wment + IOA Collwues +PA ManagerTEnt +4% TRUSFEES'FEFO YE*RB1LxP￿￿￿ly2025 16 Ourtotal number0feM￿0veeS has Ir￿reased sigNff￿antIY5incelhlstlrne la51 yearwith the addtt ofihe Catwry Team,tFr Nottingham delivery * afKI a hoher number of student stsff.wrth a fa.rm￿ of brYJ servlng eX￿denced empbyeesarKI recent gradu Coordinators, thedeliveryof ouroffer will continue to be excffingyet stable, ensuriroour members receive the best possible sefyice. We have invested Significant￿ overthe pastyear with em￿£ryees gainiry ski115 thr¢xJgh Team Le*r ApFrnice5hip5. Mentrl Heahh first A￿ and In￿#jat￿ Training abwidethe cole transfertable sknlls rwmme enablirKJ them to ft)Ml the reSFrf)wbth't￿s oftheir ro A review of the performance manaqement process, with a greateremphasis on skills and behaviours required fcx eth depattsnentshould result in the Wdlue5 ofthe Organisati￿ P￿ingtrUlY emb￿aded thr(xJghout all levels organisabo We ccyrtinue to seesources of addit¥￿￿ benefftforc team and we have rdained theftlbwngac(yeditatsM5 to demonstr*eoui ¢¢)rnmrtmenl in ¢¢￿tinuIngts be an employef of ¢ho￿eth* unpJ 96/. Zrnn OVER 16.000 HOURS OF VOLUNTEERING LOGGED 230+ STUDEKf REPS HAVE SPOKEN UP NEARLY 20mO SHoirrusTED HCURS Cf MEANINGFULPADWORI( IN THE WHATUNI sTuD￿T CHOICE AWARDS. MAKING IT NINE YEARSJNA ROW OVER £16 CRFATEDFCRtXJR MEMBSISAT THE REALUVINGWAGE FfH PLACE 455 MEMBERS IN THE 2025 NATIONAL STUDENT SURVEY INVOLVED IN cOMp￿rnVE SPOFrrs NEARLY 1.200 900 MEMBERS 9Y/. MEMBERS INVOLVED IN SOCIEfiES AThENDING spoKr FOR FUN SESSIONS 6.000 HOURS OVER 300 AQRff THATWE HAVETrE OF SKILLS WORKSHOPS EVENTS HOSTED IN SAEAND INCLLEIVE sOc￿LsPACEs CHANoeATTHE UNIVERsirY MORETHAN 2.270 OPPORTUNfnES TO PARTICIPATE IN RECREATIONAL OVER 1.200 1MOO OPPORTUNM TO ENHANCE EMPLOYABILrrY HOURS OFFERED TO sP0F￿ TEAMS TO TRAIN & PLAY TRU5fEESR￿O￿￿ YE*RB1LXP￿Njuly2025 Inancial review of the year During2024.25,theStudent5'Unw hashxYked¢k*etyWthWi￿￿Tthl1E Ne￿1￿￿￿ty1oenYxetha1I5￿ WLldconbnuetoofferour membersa fir5t.class expErEnce. For 2024.25 we arerep)rtinqam8n￿ ¢thrtof£lF4251 In ￿fit1￿￿5Wr20zj-24a gJmofQO7XX)OwasrewK*Yattheye8rw contributingtoa SLKplusof£230,737aThJ signrfKatrtgrthvth clcyJrresw%e&TIEseTTYJ)EShtrea pTrpa￿T￿ dtyJr2024.25gwt fvndI￿andth￿ffO￿deS9rWted foreXpEnditu￿in thi5year.cnpycts ¥KJLK1i￿[ebf3ndins￿.d￿￿vT￿t0flyjrX￿raI spaces, student facinq prclectsand ￿tl￿t￿,t(m]thrwth fixed8S￿t￿thgse￿The r￿P￿nedeXpe￿1rture8rxl rexAtirx]defi(At inthisyearareoffset by wms In reserwesfru7)the fina￿ swr, aIW"NJ￿kFn￿￿￿n￿0fresWke$wlthknW•2re￿1 Oties. Afflll Duringiheyear,Ihe un￿)n affliated totsfdkJ4rywwwskn¢ytstyswytttsc(KeobJ The Nati￿al UnionofStLttkn IMJS) NUS ServkesLtd £11152 £n576 £456 £456 8rltlsh Unlverskne5&Cc4*sSForts AS5cK￿ £4779 Rth••ndah•(AA41 Ixrrnernbers norninated and rwsed luTrd5tthallrq£6S57trtsye*ftra kdth&ity- Wycan** MITh The un￿n,8￿￿ClIV0thed sut*klrdry has been undt¥r&i&4thisswwth pla￿ lor 2025.26 behqde￿yd.TheY0rltf0r the yearwas£f,97812024.. £24,6651.Thecony*w h85 re.Lquthd rt$ver￿eand eqvy￿1 hre trAJY"nesS reprthl&l h'sprintlngyratlon wth t￿expe￿atIon c*IrryX￿Ww1IoltsryCthln2o2s.26. Trustees have￿&%￿d reservesFKAlcy Ireereserves*KxJkY be&sthan 000,O0Oorn￿rethan £150,000. Th armntofthefree resw%esisbaseduFK¥)thelNsk¥￿￿ FknnwKeofthe StLKlerns'lJ)Kninneedrytoaccessfree Folk)wSrothetransfers*end dyts¢>(w￿er%*$￿37O￿2tt2s$￿wjal Free re5erves.£208A7312023.24£230,737). Inth? ￿25.26 ￿¥￿181￿artheT[vslee8Wd te rede&Wingup to£59A73of Free Des￿nated r￿et￿. £56,r2012023.24£1422791 Restrkted reser￿Of£91O94 knietie5tWbJsc1£54271 WZ3.24.£16W irthks kn*lesfuThlsof £49,584) TheGr(xJp Is ina struYJfinanckl p￿￿￿￿￿￿3¢&￿1in￿OF£5l4k￿tyjw]1Ots 2025.25fitw￿jd year1£368k g)ItYJ Inio2024.251. Universtyguaranteed r￿Aned g8ntinCO￿￿frW202fj￿6 hastr*en c￿rn￿lat £2fth ihThversity hasconfimi<hatfiJndiro wlll ￿M￿n staise Inthefinan¢bl years sw¢*￿￿a2026.Th¢,¢Th￿xrt￿with$￿￿oIree th desor•l reserves,qlvestheTrustees continueto adoptthe¢y)iry ￿Ceffl baws ofxc(yJnhr¥Jin 5tatwn TrusrEESRFoKr YE&R￿￿K￿￿￿Y2O25 Structur& governance and management BLrks StLthrts' unl￿ isan un1￿(￿p￿ale￿aSsCXya1￿,￿￿WlVj Ly[tsC(￿lil￿HM on 7 NO￿￿1￿[ 2013aThJ updated in March 2022 to dlowforuptofour0f￿erT1LEtee& h i5an I￿r￿Stered charitysrKell NcNerTthr20ll InurnLEI11448201. TheTrus*e Bcwd deWestheexer¢tsedCert&)kV•￿kncOv￿￿￿)7￿thetwnwj￿atx1a1m1n1$ty*k)nOfthe iknIM asset oul bekjw Trys i5controled by￿￿re￿￿¥tl￿b￿ tOtheT￿ P￿ardlOen￿eallde￿5￿5 underthlewd po￿￿￿5 can be ratif￿ bythefull T￿stee Bo¥d in d￿coL￿ Asamerrknrdrl¥￿ (knxTr￿' ￿ganISati￿the￿0f0lydernc￿rntr ￿￿￿n￿bIlItY is of paraM￿ntCorttrn. Unlon Coun¢ll Union CourKil lest￿lshed inO¢tcthr2012) r•*yfryum Ih8tWryKle$animport￿1lnk be￿ the manaoetren¢andoffKersdik*UnthwxJ its n￿t￿s￿lI￿nC(tsXallsOW ts)41 memW¥th attetx*9nce0fM￿eth9n 30 membets per meetlNJThe M&￿L￿￿￿￿￿5ethi$fc¥uMtot￿<t￿elec￿doffWT￿tsteest0a¢c1YJnl$h￿e￿kn$d￿jp[¢￿de fe&Jback onthe1rexpww￿e& The Flnanceand StaffingCcffimtit*crynwsestt*fCAxOffwT￿£￿S￿thnt Tr￿￿￿T￿￿1eeaTh￿ keyrnanagement personwl end treet$ rrK)Mhly 10 overseebwkp1srerfwr￿ea[Kl ts iknteaft Bvcks st￿￿ents. unl￿ eM￿¢)Y$8 ChEfExecXrt￿e,Trt$trnTrr￿rato￿th dOsetytrllh￿0ffi￿TQ*e98nd etstNe managemern olihecharftyas ￿e￿10fthe sentrfMan¥Jet￿ wmasfdb*s Deputy ¢hWExeaANt Fharte Manw¥r RemuneratkJnofthesenkw managenEnt teamis t•s9j￿ pK¥ntssystem *hrole Is b3TrJed basedonexpwl*Ke. reSkwblft￿•dQUI￿cabC￿￿rWnem* TRU5fEESR￿O￿￿ YE*RB1LxP￿￿￿ly2025 TheTrustee Board iscom￿￿jOfeQht ekctsd ismwk ¥)dthfeed1ff¥enttaW￿e aierm ofoneyear. firSt5￿ofWe$￿￿C￿￿TO￿Iee$Ma¥b8￿￿￿re￿C￿ toswvea second temi after sefvlnga secoThJ tem OffterTfLtstees MU￿ LavTrLEteesW￿)kn*reS￿eCted tyanAppintrrthsc￿rffiittee￿ r*ifiedty8 re8dth?natUnbn¢ourrtiland 0$￿ aierm offovryea StLttlentTru5teeswho we8￿cled￿CrC6ScarrQLBbd￿JlInXC￿dWKewth sec￿on 22oftheE(hxatbnkt1994aTrJwho 8ervea maxlmum temiofts￿ years StLthrtTru5teeswcthrwMn in Fost vlilst Ilw atthe Bwklnghamshlre New Unwslty. Trvstees. rdes and re$￿sIbl1ft￿e¥h h8s 8ryytkAbCAinwesTs¥thth￿rean u￿$￿￿11r￿Jand8 re¥￿ns￿bIltyfry spec￿￿ asttcts ofthe Unlon'sk NewTrustees receivean lTrJwtKn￿kCCrt￿r￿Th4e￿Ylhir0tyneed tokrKwab>Jt the Urion aTrJ it5thtoenabk effective a lthrned dec54￿.mak[rUTrUSIeelra￿l￿)$eSSl￿$tsr•TrWeeSarewann￿1￿8￿ro¥de stratsty¢ revwsand as ne•Yed k*anyothwwrpose.Tr*TruswcortinL*totske seriyAyfv W rew1rwywtsofthwro￿a￿K1Ithe regard Of1￿ guidarte publthed bythe Charity comnNSg￿ ￿ wbkb&*fft. TheT￿stee$W￿J$e￿ed￿Ar￿jthevwthWJfOthedth¢18r1X￿￿rftsfjnW￿ ¥￿t￿￿ts?￿eSelWt ￿ r&qqe2 TrusrEESRFoKr YE&R￿￿K￿￿￿Y2O25 Principal risks and uncertainties The UnV)nsL￿slnessfisk regi51ertswLkrty reViEvtsJiryTt￿letsaTYJs￿r1W￿￿a[￿l isar*eJ li categiwasfolb Enwriwthe Con5tituti(￿, 5traWGtearn ir￿thI plarKsweaW oJrtwrtaTrJ rywcwJThat wJKie5at¥J P￿￿￿Jure5a￿ up todate, wularty and in Il￿With gcveNwKearKI ￿1 1raTTkkn￿ EnwritvJthat cLyntnun￿￿￿ bet￿￿enTrUS￿, senior Managu￿rtStaff. members¥Thlstskeholders isÈ*tedw thatapvC￿m8el1rV45l3kep1￿etr￿ththe required rthpletoenable de¢igon makirK3 The prlncipal c￿rdteand 5traw¢ri4c fortt* LhK)n i$tyJrrElatiL￿thlp￿1h wruh￿Il￿e N￿un￿e[￿ty. and Lhlvetsity Staff reman in reqUIartt￿tact both formatya￿l inf0m￿￿t0d￿rEW8nd exstirorelalionthipsanden*4e c￿nmunKatb￿rL The Union can Safequ¥dirofJJrdatawith passwords r￿r￿1￿j￿¢essio syswnsusryrwkn"fX￿Wjl￿￿.￿,8ThJ erwdwwrplarKewith ihe uirementsofGDPR Al critul swems*e rTwWJedtrytheUT¥￿&)d dataisstwJc¥)theUnwetsitynetwtyked servteswhkhare subject tosecurityand bxkup.The Un￿￿alsoreytW5the￿ rfra5twcbJretoerwre itis rnantained upgradedand appropriate for use. Lod(Iw 8ttheftnar￿a st￿%￿YclthÈffjwISatic￿8Th￿ intemal ccrfrt45•J le5￿Ce4 ewrirothattrE Lhilon Is ntst open toflrnar￿l￿ mamSar￿￿ Reg￿r and trthrewrt1roclfinarKk￿ 1nfv)rMat￿ enthreviewand contrd and wpwxts declsion.rnaWng ProCesseSa￿ regu19rty toe￿￿ ￿￿lodet￿M￿e tke legmimw finandaltransactlor rwrKipal rfsk rdateStot￿Un￿Y￿rethKarqgmt A$ares￿L￿tsXh￿1'rl] pryes$1srthst8nd Indu(J9¥¢onfimiadon of gr8nistobe patl by the Lknlversfty. Ihe ts Incothtxjtlngio swdents'overal eXpe(i￿¢tWh4* at the Uiiwsity. EngJrSngthere a￿aP￿0prL1te*Kjac￿qu￿l)￿rrWtt$tr￿ln F*etomeetthe rewiementsofthe¢J)ath*s AcLenaLlingT(ustees The prlnclpal dsk w￿h go￿n￿ce Is￿$vrfvyJth￿￿ B(wd ￿Tr￿unC￿$[a￿1atXl n￿tr￿fe$￿i$i￿Iit*$, providingadequ governan￿ ¢￿tr￿ arKJdecision Mthi￿ e(wd inckthsewltrtedTtUS*ts￿d fclltr•tsa rclx)strecrLitrnent pr(￿% The knowkdge uThJerstandingofTrustee5isassessed8nnLk4ty￿ ￿vtsaYIr1JleqVlre￿m￿¥e8ddreSsed. As5e5slro￿d reviewirolhE aTrJ 5afEtyofoLrcfeatimSw*Jtht￿S Rdkqrreis F4xedwtheUnw5rtrfs Heath ￿dSafetY teaM,aknq￿de acompuls(KytrainrowrKJrarn￿￿a1er￿ee> In prev￿u5Vear& M￿gi￿lhe risk ofa Par￿￿WaSc[l1Ka1lno￿LVati￿saryjm￿en￿￿edgvthn￿1SWed bythe Govemrllent was adhered to.we remain aknBre ofthe F4￿￿.11tyo1￿r effecti%*0￿ wacticesand procedurest0sup￿Vland manage staff w(Kklnqren￿ty ¥e in in kne TRU5fEESR￿O￿￿ YE*RB1LxP￿￿￿ly2025 Ensurinqthat our staff areapproyiatdyqudthed crmnytted tO￿rrcIeSTr Union hasa rotxjst recAuitnE processand allmeta￿efry WLlar rwFompwemlwardaA￿$*Tr8IltYJ towrethateveryone hasthe opportuntytt>devek¥)theirskillstoenhartethe¥pwl￿￿ The(*arityhasinvestedin ensurirotr*t%%efrAkfv4best r*￿t￿e8$I￿aSeq￿4￿.dNer%tyaTrl isc1￿cernedThe r￿ruitrnent metkK)d has been totally rwKk8Ysothatwt tetterre•* 11 The principal risk kyoFerat￿& act1wtie5a￿I heathaTrJ • ￿the￿￿lL￿.￿joIO￿r[￿￿%[th1P 5taff.Tr unic￿ is aCt1￿Y InwAv& with rewewiroand maintainirortsk regi8tersfr*gewal nd(s al xtMt￿and•￿nt&ASkn￿l asens￿r0dub p￿d ￿￿cOMmittee m￿)bef$are aWa￿0fthe re￿￿￿￿"111e& they must thguard ts"rnwtws.fr*ahhwd sthy Irthingis8￿&8b￿f0r¢IVb$and societ*s, committee membetsarxlall staff.TheUnkkn&ti¥etymresthatavyqx** iswi that covetsdl tsJrrart actIV￿e$ of theorganisatKfL Statement of Trustees. responsibilities Thetrusteesare re9x1nyNef￿ vep8nrot￿Tru$tees Retxyt arylthe fin8Thi* stsknts no￿￿￿r￿￿tha0￿9trjeIgw￿ Unked KSrodorn Acc￿￿1ng StaThJards (United Kiv>kni Gew*tyN£cet*dP$8ry1 LknK)n'$aix"Itytoc￿Ir￿Jessa ¢JoiThJ concern, dlscloslw as 4)pll¢able,mallers related ¢owrKJcc4Kwnw*J balS0f￿￿jffllnqun1ess the trL6teesdihersMend ￿lIQuid￿ thegr(w¢yihelJ)K)n￿￿Cea$e0w*k￿1￿￿ ha%etK)wIBt¢altrmafjve tothjs We have been awhted as aud*xurKJersecithw+cltt*CharfOesk120M In &CL¥dtrtewth theAci aThJ ￿k*ant reguL*ions made or havingeffect tsreuTrJer. I￿rQ￿e￿IVesa￿ to o￿a￿￿SCI78bIeas*Jr￿*tsmwhthherthefintry)1 s￿?7&￿$￿efreefrCfft m￿￿11 mbsw*ment whether duetofraLKlorer￿.aN1 t01s￿On I￿￿11r￿*s￿￿w'nb)NRea$Onth assuw￿lS ahigh levelof 85wrance tr¥Jt Is notaguarantee that anaL4Iit c0Th￿rIed naccordm wth ISA5IUKlwillalwaysdetecta rnatedal rni5Staternent when It exist> Mlsstatements ar￿e frryn fraudcrferr¢yaTrJareC￿Sidered mat￿1¥rf,1Trd￿k1U81ty (x intheaqqreoat¢they¢¢xJkl Irwuladties, Includngfrald are Ir&arKe5c4￿fi￿CMF1WKe ￿￿th knand regjLql￿We ￿￿edureS in I'r￿ re5pMsibilrt￿,r￿rtllned atXY￿,t0d￿ecf materfal ￿$Statemert5 In reS￿d￿ra)￿**￿lnd￿jr¥4fr*dTheeXtsnt towhith ￿r procedu￿ a￿Ce4)ableofd&e¢ting1rregVknbes ir￿￿lr￿fr￿d 6deW As partofourF4anrdng prccess Weewuired Orma￿thes¥S￿￿a￿J¢c￿rI1str￿Unth has il [*)6J 449.019 271024 f.830 Socletiesanddub9 P[Cr￿s1On01 wr•sAl&diit Volwteering 37249 27.104 4163 61.744 JeawJg 102 1&S,J12 1*.296 1,655 306,608 490A09 TtwnEwrt*￿nll￿l InwwnpwBw) Spec￿1 prole¢tslliom Reeer 34ffj27 n4.I 9248 1968,069 1.9S9,974 950,6 2,910,941 Noikneom•l0rtho￿r 06&6651 45,￿3 266,452 Transferbet￿n funds IlQ*11 201288 64,164 266￿2 R•¢onCIlatknndFL￿d Fund bala￿￿8￿0￿gh1t0[W￿d Fund baknncqscarrl•dfOr￿rd 3482n 1627 99A63 245,546 348,3 27 5f,998 AllincOmeandoKpendit￿ÈdeftvÈffthhcC￿￿i￿1v4￿￿1*S M4TrLIALSTATEPAErir5 YE&R￿￿K￿￿￿Y2O25 Consolidated and Union Balance Sheet Asat 31 Juty 2025 2024 Group iknion Inveytm8nt T￿gIbl*fI¥edame¢ 61293 61293 61293 61294 Stocks Debto ¢4$hJt bpnkJndlnh>id 34D 31,797 219,S92 341212 7.963 Tot41¢urt•Dtw•l¥ 684x173 652,901 vrr•Thtl￿￿1lK1H Ciedltoi& (OBB.X7) (209.72)) N•t¢vrr•nt•¥••t• 4N350 449,700 357297 $36 1.998 R•￿￿nt•d&¥ Rutrkt•dfrJn Stud¢nt¥ ¥wletlw•idclublwth Othei re#rlcted luTrJi 49,584 3P.9 3p. 114,043 161827 163,827 Geneial tur￿¥ 230337 141279 20&092 141279 34B,3n Tot*lr•Mr¥• 217 53eN3 S11.498 This rerKJrt was apprcW￿I tyTrusteeson 07 Nov2WIS A￿LIAlSTATEmE￿¥FS YE*RB1LxP￿￿￿ly2025 30 Consolidated Statement of Cash Hows For the year ended 31 July 2025 59fi07 CMhfiwfrOrnkn￿Ir4Xf￿ DB,6241 N•tGMhuMdlnknvMtlryxth .6241 ¢￿T￿le￿￿¥h￿¢j¢uh•qVWmIInIfv• 40.•83 307,9 32&980 4121 3fj7.qfj3 M4TrLIALSTATEPAErir5 YE&R￿￿K￿￿￿Y2O25 Notes to the financial statements 1. A¢e¢wnllnq ptslld•& Thefinanaal statementshave been sxepared in ￿t￿danCeWith ts¢haritys¢thwtuwnthethgriuesAct 20M aThl'PL¢ountir0￿d nancial Repxtiw Stsndard ap￿Kableln theUK RepJL1￿I￿e1￿Nl IFRS102) eff￿l￿￿J￿¥jary2O19'. The Unk)n Meetsthedefinlbc￿ da pu￿￿ FRS102 Assetsand 1k￿l￿eSart Inftialyrecrwised* The Unk)n SsaqLM91rfylrqenuiytrts wrp(6esofFRS102asa M￿nt￿da¢3ro￿Ithth wepwespthJWav*ld)k consdida*dfin8nck91 statementswhth ￿ inter￿d to¢J¥e atrL* •dfairviewc4tt*assets laL*lit*&firnanoalpo*tK¥)and wfit ￿lO$SOf tjroup. Un hastherefortlakenadv￿tW￿eOfexernpILTh1r￿n ￿￿reW￿l1￿tsofSeCI￿7d'St￿e￿￿ntofCthFkxv5,tsf FRs102whlCh￿VL1d otherwlse havereqL¥redthe SepArated￿c￿Ureofth? Lts*￿'s￿￿cd5hffiQ• Theflnanaal st*mentsare pre￿￿￿1 kn SiethuwhthL%thefvrttkffjdc￿yWofthed)tr1ty. V￿rtary*￿￿tsin1I￿$thteMents a r￿ndedt0 the nearest £ The UnK)n i5in a 5tr0ngfinart￿l ¢tthiih*)dof£514k ￿￿)Intothe 2025.26 fhartid year12024..£369kl. Furtherguaranteed unIve￿ty ￿nt Inco￿￿clE2.667rnI2￿24..£2o58meMd￿￿ir1a￿￿alr￿J￿(c8FI￿le￿peTh￿rturel has dready apwoved andthe Unfversty hasccthrnRdfvrnllrq¥dl rertkqInststrJeknthefm￿￿￿￿CeeLIlrrfJ202s. At the t1￿0fap￿￿therlnErKIal 5taterrnntskftheyw202ty2&1￿TrLEIeaS•eC0r￿tsj8rttha1 ttry hBvea farard r8osonats4• expectatk)nthatthechwity ha5 athqu*rexwcesto be*tQCfmte in its¢xrrentuThknkirOstst￿foregeeatr1efvtuf*TheTrWte¢s therefor&continuetoadop¢ihec￿Aw¢Mrn b9ysofx£cuntirqin FYepOrrq￿ fina￿1 strt￿ts. AII I￿orne and ￿1)101 rescwcesarerecoantsed stwnthlkn￿thrItyl3w￿en0tledto a￿lIhe om¢)Jntcan ￿ quantif*d wth reasonablecertamty. The Lkwwstygrarn ￿lfeeserV£*￿￿n￿Jdati0n on t￿ camws isaccoun*d f￿asinC0￿￿and exFendKUreclthepratanesirrwl￿v&IxItr&t￿sslLIdtifits Urith ty rEferertetotheaKEmalvesM1*4e onth• commerck81 Market. ExpeTrJiture irreccNer8ts*VAT. chwrtthe￿rtwec£￿￿tt￿theCt8Th￿1Ththr￿t costsofddivertngpublr tsen2fit Governancecosts wel￿)se irr￿r￿ fOr￿r￿￿￿th(X)nsf￿￿)n1 as t￿ amvalaudrtannu elettions and trainNngfcYTru*ee& fftrt)eads irtlLKJirotl*Wdi*offtees*v￿S￿camF￿&c0nyTr￿ is apportIc￿ed c¥)thebasi4of thetotal costs of each yoFctoractwity V￿lertake[L and fittinqs 8re Incl￿ed atcost t￿[￿e(￿L9 w￿ded atth2frkn"rO￿￿￿ rates Inc￿tr)￿ltelheC0SIofaS￿ts0ff overtslr esiimated usehjl liveg BU￿ding improverr Motor vehic￿$ Fixtuw andffttlros Office e(wipm&rt 3t0£￿[S 5 years Ito5 years 3105ye A￿LIAlSTATEmE￿¥FS YE*RB1LxP￿￿￿ly2025 32 Notes to the financial statements l. A¢Mvnllng (¢ont) Sm ofthe pmnent staff c11￿1￿￿*)are￿n[￿￿ofF￿￿IV￿)M11Ie Newunfftwandas￿*ewvered bythe ￿ned benefft pensK)n opErated bythatLKKty. No shareofthe uthlyw￿a5%1saryJ kaL¥liti￿￿ LEdirecttyattributed totheunion Urthrthe actual Contri￿t￿r￿p8k￿thrLXQh the year. bythe Union tot￿sche￿￿ in respectcAtheye8r. DffkIe￿e5￿efv￿en inthes*ara￿l p&lare skwasaccru3L8( p￿p8￿Y￿ts ¥ithe W￿CeSheeC Stttk lsval￿St Ihe ofcost aTrY ns The Unk)n h8s d￿loaththe 12Dfvr An￿1?1 Instruments Issues. of FRS102toallof Stsflnandal Ir)StruM￿ Thechartyonly ha$fin￿Ch918Ssets8Tha f￿Cla 1k*Irt￿5Of8 knTrYthatquafyas b8sK nsbwment& Thesefinarual InstnJm8nts 8re in1￿81Y woqnlsed* twsacith n￿g￿l￿ther serdW￿¢v8h nd let￿Ni1 Bucks SILth¢ts' unl￿ ￿lMIn[s￿$ wd8CCOLmtsfr*aThmtsd(h9rtthfw l. Unrestricted funds rewesentng urwt vthichffw LL5•J lorwry xtiwty/wpKEewitFMn ￿ i￿￿￿obJectsVeS atthe Executh CiJmrnittee'sowndknretk)n 11. DesWa*dfunds a￿de bythe ExeoAfftCcmnilleetr)besp¥rtc*)aspwficwKwatrtSO•mdi*reU 111. FlUrttedfU￿I$ raisedand admInWw￿I wrrthes&sdetwmi￿bY5tvthntS swh as dub e so¢kny 8ccovrns a5 wel a$gr￿rec4￿ytrp￿F￿es￿)&Sf￿d￿fv{￿￿and ¢ywts recdv*YfrcThthe Unlversty. No prowsk)n È Ththeln tr￿erna￿ej th￿)￿l￿'s¢h￿ltst￿eSt&i￿￿k%antM rddarKY ex￿￿10n& Terminati￿ ￿nefItSart accwn*dtsththereisaconmtsw)fuThtsknisbtiM,(yl￿c0ntr￿Iua1￿ot￿af￿eementsWfth ernployeesto rnake Pa￿T￿ts ICY WK1eotherLE￿I toemp1osee5fdkn￿wItr￿ te￿Tin31KynOf￿￿Iernpk)￿. Rentals paYab￿vr￿jBI0P￿dth'￿al knesa[eclw￿JaseIpwvJIut￿￿4#r¥srtlw￿b3sI$c￿e￿theW￿d Inve5tmentsin Su￿K1rdrleS ￿rr￿j[ed* CL IntheapWicatic￿ of t1￿chan￿5 acc(￿rT￿n9 py)k￿$t￿TIL￿leesate tequiledtomakejLty￿nI%es￿rnateSand assumption5atyyJtthe ¢￿ing8r￿UntOfaSSetsaThd liqb1l￿e5that8re not realityarfJwentfrcm0tr￿ ￿r￿Trestin*te$8nd as%)raated assumptionsare basedon historica experi￿￿￿otherfaCtor5thaIare tt￿idered trj ￿ relwantPLtUg1 mltsmaydrfferfKTh thtseestimates. The￿are nocritrcal accLWnbrvJestirntsLYj￿¥I￿51Ijrlv￿tt￿Year. Golemrnetrt gtant5ate recLxJniwJ,urKknttE kknthete 15 reasDnaUeaswranCethatthewtcond￿cfi$￿lII LE metarMlthegantswllLErec M4TrLIALSTATEPAErir5 YE&R￿￿K￿￿￿Y2O25 33 Notes to the financial statements T￿￿2024 2024 2024 Block grant un￿rSity9r￿fttorrlrrt 025J30 607A)8 60PhO 104,000 75S,449 883M3 104A)00 75S,449 61500 819 other￿Thts 1,428,S 921.949 2.3SO,SOO Oihe Swport Tot41 2026 CO￿U￿￿￿￿￿¥ campolqTrS￿d1m1l￿￿O Advkt 75nB IiS65 41AII 94,332 290 47,90S 166.374 307N84 371909 437,$ 305.334 2040•0 47,74 361909 317.532 1N,1X 34188 9,05è .454 61.e49 ew6, S￿￿& ondc•teilrvJ soc1414ctfvitles￿db1￿￿ng S￿l*l￿￿d(lubs ondfocllrt 13Q*6 P43 9F2 2Q.944 11732 J06 J.)si 24 14.eog 79m4 54059 202D39 114171 19,305 iot536 14,49J Oilenwtlon thelopm? Tron6WrtotknnllrKI Intef¢arnpwBw) Spec181 pigect5 Ilrllm Re￿r¥ 1204A)8 l.Nl,640 191F,9 Qrwpwdiknlon2Q24 Supp Total 2024 commun￿4￿* C¥rnpp1qni￿dIIfi1￿1o Advte JPJJ2 63.964 6J61 39.POS 244.4 43,0 1S4,61S 293,0 408,330 449DIg M129 P)9,912 I48￿18 231 2Q931 7Q4 102,440 s(Kl8l£¢twitles￿dbekn￿nQ Sotlell￿￿ddut Prov15￿￿01 uthetino Oilentstion 8t￿ Lknlllpmtrrt Trgn5ponatlonllncl IntercampusBus) 1494 i I I I I61￿92 31998 299,128 179,444 Jè.799 30&608 490AO? 101262 29.109 184 Z49S 69.2TJ 375,n4 11469S 1.16a3 1,ts1742 533.310 2,910,941 A￿LIAlSTATEmE￿¥FS YE*RB1LxP￿￿￿ly2025 Notes to the financial statements Tot 2020 eoNthun￿￿tl0ns C8rnpalgn8￿￿athI￿ti0￿I 1B,(M3 75,729 2925 10224 11.93B 24519 n27e 19.F86 47.412 4,332 3,700 20.944 tIF32 40,WO 19.305 3&529 no 8wB, and￿terIng SocI￿a¢t￿lt￿ andbebThynq SoBleties&nddub5 Prwsionof Sp￿¢9￿018¢11t￿￿ Volunteennq and tknlllpmBnl TrnnspDrtW￿n{1ncl InwwnpwBw) K*. 6248 zs 7,979 4IWB 4SW 320 1I58J Tatal 2￿E5* 107.95Z 119.07fj SuF*)rteoiiiDntlLthdlnbw•3]2¢X4 chartt•Ye•￿mt￿ IwstL￿¢fits 9259 CarnpolwthandaMII Attvl RwreaenI￿ IKJ3 1294 SM2 J9,gQS IFAI4 a4 2S933 Tr2 27A ,¥45 11120 1B4 Socl*lMJndclu P(trAlionolyce ondfoclbt 12128 Oilentatknn Trnn1wrtAt￿n{lncI Intèr¢￿p￿8Lrfj 14903 109.926 t3585 7J44 Totol co%t5 1999 Sfi222 139 6MJ l.1l•tlTrm￿•1•11￿•¥¥•r Net Incomef￿lh•YÉ8r |$•*dthidwi¥rrfJ Oepre¢Wbn LO9901d1sw￿IQrfi￿& og*et* Audltoi'&r•munwatknn Audltor,sremurwJt￿n foiiay ser*e6 79 18.062 19,009 850 wages2￿ s4￿rIeS Socid5Ecvrity Pensbn costs lJl4298 11*126 91999 I,SOB,007 OurlrK4thewrendW31￿1Y2O2s(￿e￿¥￿￿t¢W￿d<1y£%QoCOu￿￿thaTr£90￿CN)w￿ml2O24"(* etnployeee8ffledover£7QOO0&￿kSS Tkn£80,(XMbl Av8ragestsffi $￿ar1ed staff- nvD*er¢1fL￿lI￿eeqVkw￿errf$ studeTrts-nurnbErof fultimEewp￿ Students-nurnbeiof fullreewkwak>its 49 M4TrLIALSTATEPAErir5 YE&R￿￿K￿￿￿Y2O25 Notes to the financial statements Pie*dent PresidEntIDrAch￿￿ Bnd Bekryng ￿￿e Pfesidentf0rEd￿lanw￿Wefftre1￿xb￿l￿￿&AVedxry} Vbce Pfesldent lorEd￿*￿a￿Welfale ChielExecirtlVEOthcer Deputy Chief E%ecthi%*Olficer Headolctsmmvnlcatlnos and MaikeiirwJ e4dolPEupleand De%Ylownerrt nar￿8 Manaller MarcAn4wa{reFlackn)AmyPle} Butrd1lr4A￿￿wren£￿lI ErlnCth)k Irep*lWHwryTr￿￿￿) 2024 The Trustee Board'sOVlCtrTrvs￿tS namedin rth•7.re¢&%*dieDxwthknrt. (2024'.£2&049).tsQthW￿dIThtt￿u￿,SaU¥￿nlrwa dD¢wn8nt.lorthe r•pre¥enWKMc8MpaWr4•￿ frtynthwi TnJ*ee rewthlitw vol¢lng op5n￿￿ Wih Ihe Instltvth￿￿hx￿￿M￿Jr1IY.deIeThYh￿￿￿￿l1Th*qthe wtrOd$￿￿1trthrMhpeDl￿4dK￿sII0Dv￿thmP￿a￿JIs0Qlg5n1s￿qand xupportinqstudpntv(￿￿leus1rtdsèr¥1c*P1thK%￿￿W ltr*m The￿￿￿ry￿A￿lei￿11¢*1h¢J￿T￿*1Its*￿mI0dt￿t7R20é (2024. ÈYJ&29sI Ind pBn8lon ¢wtsof£&176(2024 Et546l,wkKh*w￿urth[ The￿w￿rI noothwTrwt8•berdnsfrytheTrYw12024. £r4J. Membei4ofiheTruit•e t0WofTr)ff*Y•ih￿£￿)0tslho￿V￿r8w￿pwg￿￿t[th￿ QTrJ•￿thr￿￿pgn4e&l2o2l.'£n￿I b5￿￿Y knve&tment Toiol Netb0Dkva￿tlllltJlluty2Q2S Njtbwk￿￿VvoIEJlJUty2Q2l Trjdlnq ￿hl¢l￿ry- BSUTradlrrfJLhTIW¢ 2024 Tvin0￿r C05tof se￿$ 16,￿? 23.248 Grosgprofft 30.210 51248 Admlnlstrntlw•xynsesfjrdW M?nagerwMfeel￿(knty) 24292 2fj￿7 SLYpluglorthpytÈr 24,6fj8 ThE Lknioncontrohl0I)%dtheagreedwTrT5t￿￿tiTrwT1￿lNJlw[1i￿L ￿t￿ertake8c￿￿[￿￿G a¢tlvitle$¢¥Jt*tthtscopeofth*Lknkn'sc(rtRWkyL Treregthe￿d0￿(eQf8sUTr¥1rrfalby￿Ie￿ ￿*￿*1&•RoJ￿Hi￿WYmm￿BuCkInghaM5hI[t, L7Z.Att￿ye0Iendln93IJuty2o25the￿￿￿ ossets¢fD9.tL)2(2024..£J10661.1th1th5d£7.648r2024.'£fr￿l ￿￿¢aF4tal and re$￿es0ft￿,?s412o2￿. £24.W. A￿LIAlSTATEmE￿¥FS YE*RB1LxP￿￿￿ly2025 Notes to the financial statements BgJTr•Jkng Grovp C¢J%tÈt1 Auty$t 2024 Adthtlons 9P 2n 791 61851 34Q090 Co6t•t31JW2015 5F.2 73 4,58? 40P,130 Deprecl8tlon Bti Auwt2024 CharqefNthÈwr 1SP2F 149 145991 P92,986) UA7V Depreclatlon atJJuly2025 1512nl V41.64a IS073) IJooAv41 145991 Netb0Dkva￿t 31 Jvly2026 102.40P Netbook￿￿e Ajot 31 July2024 2.942 59.178 61293 61293 Al￿t￿￿ldbyS5UTr￿nQLtd ￿1 knlOthDco*qDrydDHteEryWwM' Ikw2028 Group2024 unhJ)2024 Trjdtthbtcr Otherdebtorn Amountgowod by4[￿pUn￿rt4¢lr￿ 231￿0 229,492 11,630 1,2ll 37.559 3&732 J7.559 3•9N21 292,036 279.892 1kn*02S 1th20*6 Group2024 unKJn2024 210.1n 74.632 7USO 9,265 7,232 M3,320 scrtlolsecurmy4￿ crthwtaxes OthErcredrtors AccwalsanddEfet[edi￿0 11532 7,J2 N8.594 088,1$7 003An 209.723 203,197 M4TrLIALSTATEPAErir5 YE&R￿￿K￿￿￿Y2O25 37 Notes to the flnancial statements Asatiw Transfers As•t31Jvty2026 BigDe41 Fwda8setdeprecibtKJnlund- 8KJ F￿8￿a$S￿depi8CIathJnfu￿y-%(rt￿111paCe5 ClUb5andsoc￿les Stud8ntowortuniti8s Oiher resirlcted funds (ÈWF81 (s5￿) (75291 Q8b361 ffjo￿oI OOP.9521 37.tso 4¥SÈ4 29,601 041PI IW7 1.907 (1027.0861 Asat1 Tran$ler5 A•4t31Jvty2024 BlqO• FivdJs¥et hJnd- Blq ¥ed85set fvJnd. eo¢W EPK t￿b5a￿dEaC1EtlQs SludentQPPDrwTht* Otherre8trl¢t& fu￿8 (4&5901 111251 17.200 78 39.8 37,130 4•.084 •oMoo 1,907 oo&MoI 15001 996,620 671 11J,027 ThtBlgOtJlfixedJvwluré rewrtsth•rfborth Aresirknedfixedmw fvndlor ¥0¢1￿ spKe¥hJ5teWryeO*drorwewrtl￿n1I￿ODkV￿￿0{￿￿I￿4￿l￿￿•￿rffjIWh￿hI￿￿?thp￿01iorn wlll C￿Jb58nd5ordeIlejreIvr$tOtv￿I￿knedbo￿ceshe￿JQnbe￿O1#￿￿￿C￿*0￿YX￿eu•&th￿l1￿eP¥I&&Jth svJthntlUrlon. Other re￿rIcted fU￿SInc￿ Rthila￿ Seivkeiln Kkndlnothjnd ￿o7.95120￿'e￿)￿O0Oj A•* ￿￿2024 Tmnifern A•4t 31July 2025 4,921 future wich4aeol18sets xedAssetpurthB9esfuThY RebiandkngPtlect Redevelopm￿lDf Ven Deslgn8ted lund1wSpec￿ Proledg 13aoooi (2ary)oi (3qOOOI PM 61.794 (8&5S9) As*￿￿2023 Ir¢omry Transfws Desiqn4ted rE5ervef0rdep￿k￿t￿n0f•B8ets￿￿I futu￿ wr¢haseolas5ets xedAssetpufeh#sÈsfurvJ [and￿9P[Olect Redevelowneniof Ven Designated fut￿￿spEC￿ Projects I￿854 30.000 20,000 3Q,000 ,000 30.000 4Q500 M294 (￿854 120500 142A79 Thede4watrdfWdforspecl￿ prcle¢tslsafu￿ se¢ash*b>akwIhet￿b)IlA1dtil￿I￿X￿P1c4e¢lCFPyVJr￿l*Slft0rdelts￿h￿eo)rrnember$.e￿Perl￿ce. A￿LIAlSTATEmE￿¥FS YE*RB1LxP￿￿￿ly2025 38 Notes to the flnancial statements Yearended3lJ￿2O24 Restrkt4d Tran5ferbalanceonkndE1passfur￿.10W￿W*1 Toincrea¥thafvndlor spe¢lW y¢¥ecty 15001 Toda￿￿&￿eluTrdsfut tknknpmBntof th•Vwx ThnGfwon weiol fundtyCvMdeltrt￿B￿1Wfv Toe(e8te*lur￿ Iwl￿PU￿hts¢ olflxtdasg*1 (17587) 17N7 1A24 (Bgml) 1B,5 YMr•nd•d31JL*2tydS Fl%*dui•ti 310 1tt767 404 24819 At 31 July2025 5&720 92094 36F207 r•nd•d31JL*2024 hgs p)é Moe 474350 At 31)Jly2024 23Q73F 163h27 6MA43 Unr¢JtrW¢dfund$lndude nett￿￿￿&1￿￿nBgvT[*lknwDl ythir•ndOd31J￿2o25 FrAEd455et$ 3ZOn Net¢vrrentassets/OI*Mthsl 56,404 At 31 ￿lY2025 91094 y￿rended31j￿2Q2I FrAEdasset8 Invesin*nt Net¢vrMtassets OB x&0 131PM 449,704 At31 Jvly 2024 511.998 M4TrLIALSTATEPAErir5 YE&R￿￿K￿￿￿Y2O25 Notes to the flnancial statements F¢Kall unlveiSitleSSiluatEdin 2Dfthe Educatlon Aet 1994. The Unionis In[e￿pt olatecurrentgr￿rt1rar￿1hEi￿Nye[WoI £65￿￿￿24..￿6o7&08 In 8dditian,thEUnion rEceNed BKJDEaI￿￿Iof￿F6wo￿dhEkl￿Chllrn￿￿eKoyll1Es(2ti24 thElknThY[sty￿&twtQ SpL¥t￿￿￿d ￿c￿￿tIO￿lI a￿1VItIeS¢¢￿$er¢pr*SthlUthJn1￿￿¢n￿rt•r1yéffj￿ ottr¢r+¥￿tsQfEl6￿8lZO2a..£88&143)ftylllThfiC0[￿afy￿ coMs¢wial exF¢Th*uieandprc¥ectswwg Alsoitceived. Afurt￿raM￿jnt¢f£JQ7.967(2o24.£466￿0ojW*%Itte￿10fvrK*theWtyts￿o[th2￿￿¢￿￿s¢rth ThkcCrtactedGw￿Ct*Sh￿na&￿COrn• underuniestrlctEdCh8ritsblEActKrytle TIans8Bt1￿8th[￿hCxrtth2Ye8rrePth￿ knaC¢rna￿￿1tth4bd￿Xe￿￿l31￿ts￿d£NW3(￿￿Itryth2u￿¥r￿ltytothE 5tUthnts'U￿L￿ PO24". £I88,934￿d toth¢ Univerwi. The UnlonhJ¥tbeen th￿￿•￿¢51¢d¥E￿.qS2{2o2é..￿o￿￿QO1ThÈ￿1r￿tyrV.￿Se1se0th￿¢o* thjrknq 2024 andthecost lsbased tsitheioialco&t6dlhe&eserblCe•forthè4rnkeH￿￿￿C￿￿s￿Wa1It0￿èrn1￿K*vc￿knDf1h8¢amk￿th8 Unlon Currentl¥occ￿IW. BSUTradlrtgLid1gw￿1fy￿￿rnd by thry ￿￿?) D￿ngthe yearmBnagernrynl 1ml(thlkng£WO(2024.£iO￿￿••rf**￿f￿ BWTty*Y3LtdAt31&Ay201fjBWTw*tyLtd MdBwk$Studrnt8 £IOW1202&£12ni The L￿10￿h1￿c￿￿rbbj11d tOth&pe￿￿n￿herne￿p￿￿ed￿￿￿kl￿DthN*¥￿knfyfvjr#&ff n￿me0n￿at0thgUrd￿. Fulldet4llèofthepthMknn The c0ntrtbutl0nspa￿ Intol￿sCh1￿￿rffj•￿￿￿W•*¢*￿￿9Wj￿￿￿*j*t￿7j3(2j24.£8j D•fin*deMirfbJtloh*th*M•• Tht Unlonowalo5 anaiilo.•ni¢Arnnt NEST. CthiirbJlknMM•Mt*6Xknth•w¥*wthbJ4mkknJmof6%frxthtr1mp￿+. Thi cottof cwIrl￿tl0nS8rnvUThtedtts E36.97312024. £30.2471 Netldell¢lt)IwrOaetorthev AddbBckdeprttl8tlon ch 2￿.821 19,062 5,510 2L6P7 Increasein 8txke DtciÈÈsein dÈbt¢ri 09.2611 170,949) 208mo 59,807 The wuphodrndebtdL*lrqthey. A￿LIAlSTATEmE￿¥FS YE*RB1LxP￿￿￿ly2025 falr•mkn. a fvn and Y• th• ••rt •fplx• yov hav• an Imprt *1 l•afrl•ndty ••llryv•lu•d •nd •kllsand qaln n•w 41 Z O Maklnq life bottar for students at Bucks To achieve Our vision, Bucks Students. Union is wholly committed to the ongoing support and development ofour meM￿r% We will continuously build credibilrty with partners and stakeholdefs. being ognised a5 the voice lor students at 8NU. ££ W• wlll b• Id•fttlfi•d by th• foll•wl ways of wrnrkln￿ Thy ar• th• ¢h•r•¢t•rl•tlH •nd p•rwn•llty •f our oryanlsatlon and f•pr•Mnt th• b•havlour• w• •xpxt from our •laff. We will respond dynamically to challenges facing our members and be ihe champion they rely on. trust and value. Celebrating diversity, we will reach out to our membership to encourage broader participation and better understand their needs in order to effectively represent them. We will work tenaclously to show our members the value ofdeeper engagement with Bucks Sludents, Union through the scope of our activities and opportunities. We will Identify valuable new opportunities for all our members and provide a robust plaiform on which they Can play leading role, developing the co.curricular experience and providing the inspiration for ea¢h and every one to make the most of their student journev. We will equip our organisation with the resources and tools it needs perfomi effectively and provide our teams with the knowledge and skills to reach thelr full potential. We will divers our income to provide even greater financial stability and a broa