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2025-07-31-accounts

The University of Northampton Students’ Union Financial Statements for the For the period from 1[st ] August 2024 to 1[st] March 2025

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

CONTENTS

Page
Charity Reference and Administrative Details 3 - 4
Report of the Trustees 5 - 10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cash Flows
14
Notes to the Financial Statements 15 - 26

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

ADMINISTRATIVE DETAILS

Charitable Status

The University of Northampton Students’ Union (UONSU) is an unincorporated charity established under the Education Act 1994 and registered with the Charity Commission (No. 1144827) since 28[th] November 2011. On 1 March 2025 the charity transferred all of its activities and undertakings to Northampton Students’ Union (NSU), a charitable company limited by guarantee under the Companies Act 2006, registered with the Charity Commission (No. 1209212) and Companies House (No. 15714072). These accounts are therefore the final accounts of the charity.

Principal Addresses University of Northampton The Engine Shed Development Hub University Dr Cliftonville Rd Northampton Northampton NN1 5PH NN1 5PH

Trustees of the Charity

The trustees who have served during the year and since the year end were as follows:

Name Appointed Resigned
P. Wood 27/05/2021
H. Templeman 01/04/2021
L. Wilkins 01/12/2022
B. Mohan 19/06/2023 15/03/2024
R. Roy 19/06/2023
F. Ajmal 19/06/2023
M. Windle 19/06/2023 28/06/2024
C. Okonkwo 18/04/2024
J. Sparkhall 10/05/2024
A. Mauree 30/05/2024
O. Chapman 01/07/2024
M. Hafiz 16/06/2024

Following the transfer of all activities to Northampton Students’ Union with effect from 1 March 2025, the charity ceased operations. The trustees remained in office after this date in order to complete statutory and administrative matters, including the preparation and approval of the final accounts.

Full-time (Sabbatical) Officers February 2025 July 2024
President - F. Ajmal
Vice-President Education M. Hafiz M. Hafiz
Vice-President Welfare R. Roy R. Roy
Vice-President Activities O. Chapman O. Chapman

Auditors Bankers Clifford Roberts, Santander UK Plc., Chartered Auditors, 2 Triton Square, Pacioli House, Regents Place, 9 Brookfield, London, Duncan Close, NW1 3AN Moulton Park, Northampton, NN3 6WL

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

Key Management Personnel

UONSU employs a Chief Executive to work closely with the Executive Officers and ensure effective management of the charity as head of a senior management team as follows: -

Chief Executive Head of Finance and Compliance Deputy Chief Executive Officer

R. Weston J. Dean (appointed 25/09/2024) R. Harvey

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

THE REPORT OF THE TRUSTEES FOR THE PERIOD 1[ST] AUGUST 2024 TO 1[ST] MARCH 2025

The Trustees presents their final annual report for the period 1[st] August 2024 to 1[st] March 2025, which includes the administrative information set out on page 3 and 4, together with the accounts for that period. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.

Objectives and Activities

About the Students’ Union

Northampton Students’ Union is a registered charity, associated with, but independent from the University. We are led by students, underpinned by volunteers and staff, we seek to ensure that our members time at the University of Northampton is rewarding, fulfilling, and memorable. We want your student experience to be the best it can possibly be!

Some of our best work and biggest impacts come straight from our students. Whether it’s Student Reps empowering and uplifting the voices of their peers, or Student Group committee members bringing communities together through their activities, we’re proud students are at the heart of everything we do.

Our Charitable Purpose and Public Benefit

The trustees confirm that they have complied with the duty in section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission regarding the Public Benefit.

The Union’s objects are the advancement of education of Students at the University of Northampton for the public benefit by:

Owned by Students

Student ownership is at the heart of the Students’ Union. Representing circa 12,000 student members

Structure, Governance and Management

The Students’ Union’s governing document is its Constitution supported by the Bye-Laws. A full review of the byelaws was completed in December 2022, with them being passed by students at the Annual General Meeting in January.

The Students’ Union is a democratic membership organisation led by the 4 full-time and 3 part-time Students’ Union Officers. The officers are held to account by the Union All-Student Meeting and three policy forums covering Activities, Welfare and Education.

The officers are all elected by and from the full members of the Students’ Union through an all-member ballot.

The Board of Trustees are responsible for the governance, financial and strategic leadership of the organisation. The trustees delegate day-to-day management responsibility to the Chief Executive, who in turn is supported by a senior leadership team consisting of the Deputy CEO and the Head of Finance and Compliance.

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

However, the Trustee Board does have the power to override any decision made by any member democratic meetings or referendums if it is in breach of charity or education law or other legal requirements, is considered to not be in the best interests of the organisation or its charitable objectives, may have financial implications for the Students’ Union or may affect the ability of the trustees to discharge their responsibilities.

Achievements and Performance

Promoting the Interests and Welfare of Students

For three years running, half of all students surveyed have said they would turn to the Students’ Union if they needed help or advice, a 4% increase from the start of our 2023-2027 strategy.

This year our advice service supported almost 500 students, providing free, independent, impartial and confidential support to students facing academic issues including academic misconduct, disciplinaries, termination appeals and student complaints.

We are aware that some student groups within our community are less likely to engage than others and it is vital we ensure their voices are heard. A newly formed Student Equality, Diversity and Inclusion forum brought together student leaders representing student liberation groups across the University. They met with senior University leaders to highlight a range of challenges affecting their university experience — from feelings of isolation among Black and international students, to accommodation concerns for neurodivergent and LGBTQ+ communities, and a lack of confidence among international students navigating job placements and interviews.

The response from senior leadership has been encouraging. The Vice Chancellor has committed to addressing the findings of the Living Black at University Halpin Review, ensuring that actions are not only implemented but meaningfully evaluated in partnership with students. In response to calls for more inclusive accommodation options, the University has pledged to reinstate its opt-in process for inclusive housing communities, as well as the usual transfer process, following challenges caused by flooding this year.

Additionally, new training on neurodiversity — shaped with input from students and supported by external expertise — will be embedded in the University’s annual staff development programme.

Another important commitment came in response to concerns about the use of dead names. The new student record system will prioritise chosen names in internal systems, with increased care promised around communications sent to home addresses for the protection of student privacy.

Further to these projects, we continued our partnership with the University on the Students’ Organising for Sustainability ‘Drug and Alcohol Impact’ programme. Adopting a harm reduction approach through a range of initiatives and activities we were formally accredited in May 2025. The audit highlighted several standout successes across the partnership:

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

SOS-UK trained University of Northampton student volunteers to audit their institution. One student auditor said: “ This work is invaluable and could save lives. Bringing the topic of drug and alcohol consumption into conversation not only reduces risks but also allows people to seek help without shame .”

Whilst another commented: “ It was wonderful to see the level of passion of the people involved with the project .”

A Recognised Representative Channel

Working collaboratively with university academics we were able to recruit over 600 course reps to represent their peers and advocate for feedback on their course. We were incredibly proud this year to host a number of events to celebrate our course reps and develop the academic community on campus, including faculty fair, Christmas Social and Summer Social.

Roundtables also became a regular feedback mechanism for students. These involved senior University staff meeting with groups of students to understand key issues. In this academic year issues included timetabling, IT services and faculty specific concerns. It saw progress on projects such as condensed teaching to improve timetable delivery, and provide modern working students with a clearer picture of their teaching delivery and available free time.

This year’s Student Representation, Activities and Academic Representation Awards was held on campus in the Engine Shed for the first time. With over 100 individuals in attendance celebrating excellence across the University, it was hailed as recognition of the true partnership between staff and students across the institution and evidence of a desire to continue to listen to student feedback and effectively co-create together.

Black Student Advocates have continued to drive crucial conversations about racial equity at the University. Working in partnership with university leaders, they have helped spotlight systemic challenges and shaped meaningful steps toward a more inclusive and supportive environment for Black students.

Raising the Voice of Black Neurodivergent Students

A lack of tailored support for neurodivergent Black students emerged as a key concern. Advocates highlighted how this intersection is often overlooked, leading to barriers in both academic success and social wellbeing. In response, a detailed Neurodiversity Proposals Paper was developed and warmly received by senior University colleagues. Two of its core recommendations are now being taken forward: increasing access to culturally competent external support and improving inclusive teaching and assessment practices.

Tackling Isolation in Halls

Black students raised concerns about loneliness and lack of representation in student accommodation. In response, the Black Student Advocates led a focus group exploring experiences of isolation in halls, generating actionable insights that have been shared with relevant University teams. The conversation continues, with students playing a central role in identifying improvements.

Celebrating Black Culture and Community

Advocates voiced disappointment with the limited recognition of Black History Month on campus. In response, they took the lead—organising a sold-out Sip & Paint event to foster belonging, celebration, and community. Over 80 students registered interest, showing the appetite for culturally affirming spaces and events. The Advocates are currently leading the way in developing the Union’s provision for next year’s Black History Month.

Challenging Unconscious Bias

Concerns about unconscious bias—particularly in teaching, marking, and the consistent mispronunciation of names—were brought forward. These conversations have helped reinforce the need for inclusive training across staff teams and respectful everyday practices.

While challenges remain, these wins represent important steps towards change—driven by student leadership, backed by evidence, and grounded in lived experience.

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

Providing Activities, Forums and Personal Development

This year's welcome programme in September 2024 made great strides in welcoming students and building a vibrant, inclusive community at the University of Northampton. Through a diverse range of events aligned with the exciting launch of the Engine Shed evening programme, we have successfully increased student engagement and strengthened the sense of belonging across campus.

With over 920 attendees participating in activities across the week, student involvement has grown significantly. The enthusiasm extended beyond events, with a remarkable 2,515 sign-ups across student Societies and Sports Clubs during the Welcome period.

Across 2024-25 over 3500 memberships were held for student groups across 64 student groups, 39 societies ranging from Crochet to AI and even Pole Fitness, these groups were running events for students throughout the year and supporting community building and unity of our students. Within these 64 societies, 8 were linked to academic courses, supporting students in their learning and interest in specific subject areas.

Our 22 Sport clubs had a great year, with 11 of our clubs regularly competing in BUCS, and a further 4 clubs competing in other league structures. We are very proud of our Men’s Basketball team for winning their division for a second consecutive year, winning them team of the year at the sports awards!

Varsity was once again a highlight of the sporting calendar. This time travelling away to the University of Bedfordshire, we took over 280 athletes with us to bring home the trophy. A close fought contest throughout the day with superb sporting prowess displayed by both Universities, the atmosphere was electric, and the win was celebrated with a presentation ceremony in the Engine Shed at the end of the day.

Trustee Board

Appointment, Induction and Training

The Trustee Board meets a minimum of four times a year and in this period was made up of 9 trustees: 4 (full-time) Officer Trustees, 1 Student Trustee, 1 Alumni Trustee and 3 Lay Trustees. The University Trustee role remained vacant, in addition so some student trustee roles. The full list of trustees can be found within this report.

Student Trustees are elected by cross-campus ballot, whilst external and alumni trustees are appointed and selected on the basis of their skills, knowledge, experience and characteristics, taking into account the current composition of the Board.

Upon appointment all trustees attend induction training, which includes their legal duties, information about the organisation and their wider trustee responsibilities.

Board Committees

The Trustee Board has three permanent board committees: Finance & Risk, Human Resources and Performance & Remuneration, each of which meets four times a year. Terms of reference for these are established by the Trustee Board.

Northampton Students’ Union Services Ltd

NSUSL is a limited liability company wholly owned by the Students’ Union. The Board of Directors voted to dissolve the company in January 2023 and all funds were transferred to the charity in May 2024.

Relationship with the University of Northampton

As a major funding body of the Students’ Union, the organisation has a recognised relationship with the University of Northampton. This is detailed in a code of practice which governs the formal interaction between the two organisations. The code outlines how the University of Northampton’s meets its statutory duty under the Education Act 1994 to ensure, such as is reasonably practicable, that the Students’ Union operates in a fair and democratic manner and is responsible in the management of its finances.

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

In addition to this, in 2024 the two organisations developed a relationship agreement and implemented the ‘performance and assurance group’. These outline the expectations of the relationship between the organisations and provide assurance to the University of Northampton that the Students’ Union is meeting the necessary legal and statutory duties, as well as impactfully utilising the grant given to the organisation.

The positive nature of this relationship was seen clearly in the shared development of the University Student Experience Strategy, which has results in the development of six work streams, co-chaired by both University and Students’ Union representatives.

Serious Incidents and Related Policies

No serious incidents were reported to the Charity Commission during the year 2024-25. Trustees maintain oversight of the Students’ Union Risk Register in addition related policies, which include Conflict of Interest, Safeguarding, Health and Safety and Complaints.

Risk Management

The Trustee Board are responsible for ensuring that the organisation has a robust approach to the management of risk. The Finance and Risk committee reviews strategic level risk and the union risk register when it meets. The Board also has site of the risk register and has final approval of this. Responsibility for risk is delegated throughout the organisation, and the register is reviewed and actioned by them regularly. In addition to this, a range of processes and systems are in place to mitigate risks faced by the organisation. These ensure legal compliance with health and safety legislation, charity law and other relevant legislation.

Financial Review of the Period

UONSU’s gross income from all sources, up to the transfer of all activities to NSU, totalled £906,579. Total expenditure of £1,025,146, on the wide-ranging student benefits we provide within a broadly balanced budget, as well as on the modest fundraising and other revenue-generating activities we undertake. This resulted in a net movement in funds for the period of £(118,567), reducing the UONSU’s total reserves from £875,793 to £757,226. On the 1[st] March 2025, the date of transfer, the total reserves of £757,226 were transferred to NSU.

Cessation of activities

On 1 March 2025 the charity transferred all of its activities and undertakings to Northampton Students’ Union, a charitable company limited by guarantee with similar charitable objects. Following this transfer, the charity ceased operations. These accounts are therefore the final accounts of the charity. The trustees remained in office after the transfer date in order to complete statutory and administrative matters, including the preparation and approval of these final accounts.

Custodian Activities: Clubs’ & Societies’ Funds and the annual RAG

UoNSU acts as custodian for funds raised by the students’ many Clubs and Societies themselves, amounting to £31,847 at the date of transfer, in addition to the grant-support funds it disburses to them as shown in the accounts. UoNSU is also custodian of the annual RAG proceeds from fundraising events organised by the students under UoNSU auspices for distribution to the intended charities. RAG movements included donations raised of £456, resulting in a balance at the date of transfer on the fund of £1,569.

Investment Policy

The University of Northampton Students’ Union has adopted an ethical investment policy to ensure that its investments do not conflict with its aims. Investment should not be made directly in companies where more than 20% of group turnover arises from: Tobacco or any other smoking related items including e-cigarettes, Alcohol, Gambling, Prostitution and Pornography.

The trustees reserve the right to exclude companies that carry out activities contrary to the Charity’s aims, or from holding particular investments which damage the Charity’s reputation.

Declaration

The Trustees who held office at the date of approval of this trustee report confirm that they are aware of all the relevant audit information and that there is no relevant audit information which has not been supplied to the charity’s auditors.

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

Trustee Board’s Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report 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 & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (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.

Disclosure of Information to Auditor

The Trustees who held office at the date of approval of this Trustee’s report confirm that, so far as each are aware, there is no relevant audit information of which the Charity auditor is unaware; and each trustee has taken all of the steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the Charity auditor is aware of that information.

On behalf of the trustees

. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

M. Hafiz Trustee

Dated: 22[nd] January 2026

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

Independent Examiner's Report to the Trustees of The University of Northampton Student’s Union

I report to the charity trustees on my examination of the final accounts of the charity for the period ended 1[st] March 2025, which are set out on pages 12 to 26.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW), 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 charity 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.

Adam Billingham BA (Hons) BFP FCA

for and on behalf of Clifford Roberts Chartered Accountants Pacioli House 9 Brookfield Duncan Close Moulton Park Northampton NN3 6WL

Date: 22[nd] January 2026

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1[ST] AUGUST 2024 TO 1[ST] MARCH 2025

Note
Income and endowments from:
Voluntary Income:
-Gifted Block Grant
-Grants received
-University Funding
-Bursary income
Charitable activities for students:
-Bars & Catering
-Retail
-Events
-Fundraising
-Marketing
-Rent received
-Clubs & Societies
Other income:
-Minibus
-RAG
-Investment income
-Other income
Total income
Resources expended
Charitable Activities for students:
-Bars & Catering
-Retail
-Events
-Marketing
-Clubs & Societies
-Advice & Representation
-Minibus
-RAG
-Governance
Total expenditure
Net incoming resources for the year
Capital grant amortisation
Fund transfer
Net income for the period (before
Transfer)
Transfer of undertaking to new
charitable company (01/03/2025)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
income
Custodian
funds
Restricted
funds
Capital
Grants
Total
£
44,079
-
-
-
44,079
-
-
-
-
-
715,000
-
-
-
715,000
-
-
-
-
-
39,692
-
-
-
39,692
77,873
-
-
-
77,873
-
-
-
-
-
-
-
-
-
-
8,533
-
-
-
8,533
-
-
-
-
-
-
18,000
-
-
18,000
-
-
-
-
-
-
-
456
-
456
2,900
-
-
-
2,900
46
-
-
-
46
888,123
18,000
456
-
906,579
203,749
-
-
-
203,749
155,452
-
-
-
155,452
-
-
-
-
-
74,047
-
-
-
74,047
183,694
26,683
-
-
210,377
347,857
-
-
-
347,857
-
-
8,109
-
8,109
-
-
-
-
-
218
-
-
-
218		 2024
Total
£
74,267
360
1,564,727
-
27,459
180,739
2,272
5
14,418
-
34,576
-
1,807
-
135
1,900,765
244,130
241,068
-
109,929
391,242
654,831
199
694
36,084
965,017
26,683
8,109
-
999,809
(76,894)
(8,683)
(7,653)
-
(93,230)
62,235
-
4,861
(67,096)
-
(14,087)
10,839
3,248
-
-
(28,746)
2,156
456
(67,096)
(93,230)
(391,168)
(31,847)
(2,538)
(357,010)
(782,563)
(419,914)
(26,691)
(2,082)
(424,106)
(875,793)
419,914
29,691
2,082
424,106
875,793
-
-
-
-
-		 1,678,177
222,588
-
-
222,588
-
222,588
653,205
875,793

The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 15 to 26 form part of these accounts

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

BALANCE SHEET AS AT 1[st] MARCH 2025

Note
Fixed assets
Tangible assets
6
Current assets
Stocks
7
Debtors
8
Cash at bank and in hand
Current Liabilities
Creditors: amounts falling due within one year
9
Net current assets / (liabilities)
Net assets
Representing Charitable Funds:-
Capital Grant Fund
Capital Grant
12
Restricted Income/ Custodian Funds
RAG Reserve
13
Club & Society Reserve
14
Minibus Reserve
15
Unrestricted Income Funds
Undesignated Fund
16
Total charity funds
17		 1st March
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 31st July
2024
£
460,410
460,410
27,758
101,034
389,285
518,077
(102,694)
415,383
875,793
424,106
1,113
29,691
969
31,773
455,879
419,914
419,914
875,793

The trustees acknowledge their responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preparation of financial statements.

Approved on behalf of the University of Northampton Students’ Union on 22[nd] January 2026 by:

………………………………………….

Muhammed Hafiz -Trustee

…………………………………………. Jason Sparkhall -Trustee

The notes on pages 15 to 26 form an integral part of these financial statements

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

CASHFLOW STATEMENT FOR THE PERIOD 1[ST] AUGUST 2024 TO 1[ST] MARCH 2025

Note
Cash flow from operating activities
22
Interest paid
Net cash flow from operating activities
Cash flow from investing activities
Payments to acquire tangible fixed assets
Receipts from sales of tangible fixed assets
Interest received
Grant income received
Net cash flow from investing activities
Cash flow from financing activities
Receipts from issue of new long term loans
Repayment of long term loans
Repayment of finance lease liabilities
Interest paid
Net cash flow from financing activities
Net increase in cash and cash equivalents
Cash transferred to new charitable company
(1stMarch 2025)
Cash and cash equivalents at 1st August 2024
Cash and cash equivalentsat1st March 2025
Cash and cash equivalents consists of:
Cash at bank and in hand
Short term deposits
Cash and cash equivalents at 1st March 2025		 2025
£
(54,887)
-
(54,887)
(19,449)
-
-
-
(19,449)
-
-
-
-
-
(74,336)
(314,949)
(389,285)
389,285
-
-
-
-		 2024
£
417,487
-
417,487
(85,695)
-
-
-
(85,695)
-
-
-
-
-
331,792
-
331,792
57,493
389,285
389,285
-
389,285

The notes on pages 17 to 29 form part of these accounts

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1[ST] AUGUST 2024 TO 1[ST] MARCH 2025

1 Summary of significant accounting policies

(a) General information and basis of preparation

The University of Northampton Students’ Union is an unincorporated Charity in the United Kingdom established under the Education Act 1994. The address of the registered office is given in the charity information on page 3 of these financial statements.

The nature of the charity’s operations and principal activities are to support students at the university as they progress through their studies by providing guidance and support for educational needs; delivering welfare awareness campaigns; providing personal and team development opportunities, through sports clubs and other societies; and providing social space and activities.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Going concern

The trustees have prepared these final accounts on a going concern basis. At 28 February 2025 the charity held assets and liabilities which were transferred to NSU on 1 March 2025 as part of an orderly transfer of activities and undertakings. The charity ceased operations following the transfer. The trustees consider that the going concern basis is appropriate as the transfer was planned, all obligations could be met in the normal course of events, and there was no requirement for the forced realisation of assets.

(c) Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

(d) Incoming resources

All income and capital resources are recognised in the Statement of Financial Activity (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable certainty. Where applicable, the University grant of free serviced accommodation on the campus is accounted for as income and expenditure of the year at an estimated value to UONSU by reference to the alternatives available on the commercial market.

(e) Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Custodian funds entrusted to UONSU for safekeeping, but not under its management control, eg, Clubs & Societies funds. Such custodian activities are disclosed in the financial statements.

15

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

1 Accounting Policies (continued)

(f) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Charitable expenditure comprises the direct and indirect costs of delivering public benefit. Governance costs are those incurred for compliance with constitutional and statutory requirements. Such as the annual audit, annual elections, and training for sabbatical officers. Where applicable, the value of free serviced campus accommodation is apportioned on estimated floor space occupied. Other central overhead costs are apportioned to charitable and other projects/ activities on a usage basis, pro rata to the total costs of each project or activity undertaken.

(g) Support costs allocation

The charity allocates expenditure to activities on a functional basis in accordance with the Charities SORP. Costs are attributed directly to the activity to which they relate whenever this is practical. Overheads that can be clearly identified with a specific activity are allocated to that activity.

Where overheads cannot be directly attributed to a particular activity, they are initially recorded within Advice & Representation. These costs, together with other central overheads included within the Advice & Representation category, are subsequently apportioned across all activities based on the relative proportions of directly allocated overheads. This ensures that central support costs are shared across activities in a manner that reflects their overall use of resources.

An exception to this method applies to rent & rates, which are apportioned across activities based on the income generated by each activity during the year. This basis is considered to provide the most reasonable reflection of how premises-related costs support the charity’s operations.

Central overheads therefore form part of the Advice & Representation line prior to reallocation, and the resulting proportionate share is included within each activity’s total cost.

(h) Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation. The charity enforces a policy by which assets below the value of £500 cost per item/set will not be capitalised.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures, fitting and equipment - 25% straight line
Motor vehicles - 25% straight line
Improvements to property - 10% straight line

Grant income for the purpose of purchasing fixed assets is held within a separate Capital Grant Fund, within Representing Charitable Funds on the balance sheet. This fund is released to the unrestricted income funds through a fund transfer, consistent with the depreciation, impairment and profit/loss on disposal of the purchased fixed asset in the financial statements.

(i) Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in formula. Provision is made for damaged, obsolete, and slow-moving stock where appropriate.

16

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

1 Accounting Policies (continued)

(j) Debtors and creditors receivable / payable within one year

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

(k) Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated, and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

(l) Grant income

Grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the assets. Grants that do not impose specific performance-related conditions are recognised as income when receivable.

(m) Tax

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

(n) Leases

Rentals payable under operating leases are charged as expenditure on a straight-line basis over the period of the lease.

(o) Pension costs

The charity operates a defined contribution pension scheme. Contributions payable to the charity’s pension scheme are charged to the profit and loss account in the period to which they relate, apportioned to charitable and other projects/ activities on a usage basis, pro rata to the total costs of each project or activity undertaken.

(p) Judgements and key sources of estimation uncertainty

The following judgements and estimations have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Useful economic lives of tangible fixed assets

The determination of the useful economic lives of assets involves judgements and estimations that materially impact the depreciation charges within the financial statements. This judgement also affects the rate at which the related fund transfers (capital grant fund) is released, which is unwound over the useful life of the related asset. The carrying amount of fixed assets is disclosed in note 6, and the balance of the capital grant fund is disclosed in note 12. The depreciation rates applied are set out in accounting policy (h).

17

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

2 Charitable and other Activity costs

Charitable activities
Bar and catering
Retail
Events
Marketing
Clubs & societies
Advice & representation
Governance		 2025
COS
Staff costs
Rent &
rates
Other
costs
Total
£
£
£
£
£
23,657
76,655
25,674
77,763
203,749
50,957
47,382
50,371
6,742
155,452
-
-
-
-
-
-
28,369
5,520
40,158
74,047
-
58,426
-
125,268
183,694
-
288,002
-
59,855
347,857
-
67
-
151
218
74,614
498,901
81,565
309,937
965,017		 2024
Total
£
244,130
241,068
-
109,929
359,903
654,831
36,084
1,645,945

Included in the above governance costs is the annual audit fee of £Nil (2024: £7,500) covering the audit of the entitiy.

3 Central Overhead Costs included in Note 2

Income
based
Usage
based
Charitable activities
%
%
Bar and catering
31%
12%
Shops
62%
7%
Events & security
-
-
Marketing
7%
4%
Clubs & societies
-
14%
Advice & representation
-
63%
Governance
-
-
Totals		 Staff
Rent &
Rates
Other
Total
£
£
£
£
54,335
25,674
11,425
91,301
32,062
50,371
6,742
89,097
-
-
-
-
20,909
5,520
4,397
30,774
61,322
-
11,786
74,067
284,652
-
59,855
343,811
67
-
14
81
453,347
81,565
94,219
629,131

The charity accounts for gifted services based on a reasonable estimate of the external cost of those services. The total estimated cost of £44,079 is apportioned according to the usage as detailed above and is shown as income on the summary of Financial Activities.

Other Costs comprised: -
Agency staff
Insurance
Telephone
Repair and renewals
Legal & professional
Printing & stationery
Finance charges
Sundry expenses
IT costs
Training
HR Cost
Irrecoverable VAT
SLT projects		 £
17,969
12,861
1,542
4,708
4,543
459
2,283
1,298
7,952
6,343
18,050
425
15,786
94,219

18

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

4 Staff Costs

Wages and salaries
Student labour
Social security
Pension costs		 2025
2024
£
£
372,777
673,312
56,359
82,825
37,721
58,270
32,042
56,603
498,899
871,010

During the period there was an average of 46 (2024: 45) members of staff. There were no employees of the Charity whose total emoluments exceeded £60,000.

The average staffing was as follows: -
Commercial Activities
Administration and Services
Sabbatical Officers		 2025
17
24
4
45		 2024
17
24
4
45

Current period commercial activities employees include a significant amount of part time employees.

5 Trustees’ Remuneration and Expenses

Name
B. Mohan
R. Roy
F. Ajmal
M. Windle
C. Okonkwo
O. Chapman
M. Hafiz
Total		 Total
Salary & NIC
Pension
2025
£
£
£
-
-
-
15,598
-
15,598
15,598
-
15,598
-
-
-
57
-
57
15,378
-
15,378
15,378
-
15,378
62,009
-
62,009		 Total
2024
£
16,231
25,564
25,564
24,921
1,804
3,414
3,414
100,912

During the period four trustees were reimbursed for travel, subsistence and training expenses of £128 (2024: four trustees - £779).

Each of the Executive Committee’s sabbatical officers receive a salary as authorised in the Union’s governing document, for the representation, campaigning and support work they undertake as distinct from their trustee responsibilities. This work includes voicing student opinion with the institution and local community, defending and extending the rights of students through petitions, discussions with MPs and organising and supporting student volunteers and service provisions for them.

All trustees not analysed above did not received remuneration or expenses during the year.

19

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

6 Tangible Fixed Assets

Tangible fixed Asset Register:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Fixtures,| |Improvements|fittings and|Motor| |to property|equipment|Vehicles|Total| |£|£|£|£| |Cost or valuation:| |At 31|[st]|July 2024|942,800|214,750|33,332|1,190,882| |Additions|9,089|10,361|-|19,450| |Disposals|-|-|-|-| |Transferred to new|(951,889)|(225,111)|(33,332)|(1,210,332)| |charity (1|[st]|March 2025)| |At 1|[st]|March 2025|-|-|-|-| |Depreciation:| |At 31|[st]|July 2024|541,324|189,148|-|730,472| |Charge for the year|55,334|11,005|4,862|71,201| |Eliminated on disposals|-|-|-|-| |Transferred to new|(596,658)|(200,153)|(4,862)|(801,673)| |charity (1|[st]|March 2025)| |At 1|[st]|March 2025|-|-|-|-| |Net book value:| |At 1|[st]|March 2025|-|-|-|-| |At 31|[st]|July 2024|401,476|25,602|33,332|460,410| |All assets are used within the Charity for the benefit of the charitable purpose.| |7|Stocks| |2025|2024| |£|£| |Stock|-|27,758| |-|27,758| |All stock held is for the benefit of the charitable purpose.| |8|Debtors| |2025|2024| |£|£| |Trade debtors|-|48,254| |Other debtors|-|27,600| |-| |Prepayments and accrued income|24,980| |-| |101,034|

----- End of picture text -----

20

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

9 Creditors: Amounts falling due within one year

Trade creditors
Accruals & deferred income
Other creditors		 2025
£
-
-
-
-		 2024
£
56,440
20,517
25,737
102,694

10 Operating Lease Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Within one year
Between one and five years
Five plus years		 2025
£
-
-
-
-		 2024
£
58,800
235,200
1,117,200
1,411,200

The charity was committed to one operating lease, for the rental of the Engine shed based on the campus. The lessor has the right to determine the termination terms with immediate effect by giving notice to the tenant. Lease payments recognised as expense in the current year total £34,300. In the current year the lease was transferred over to the new incorporated on 1[st] March 2025.

11 Deferred income

At 31stJuly, 2023
Additions during the year
Amounts released to income
At 31stJuly, 2024
Additions during the year
Amounts released to income
Transferred to new charity (1stMarch 2025)
At 1st March 2025		 Under 1 year
Total
£
£
3,711
3,711
5,000
5,000
(360)
(360)
8,351
8,351
-
-
-
-
(8,531)
(8,531)
-
-

Deferred income represents grant funding received in advance of the period to which it relates or for which the conditions attaching to the funding had not been met at the year end. In accordance with the Charities SORP, income from such grants is recognised only when the charity is entitled to the income, performance conditions have been met, and the income can be measured reliably.

The transfer of deferred income to the new charity included £3,361 of deferred income relating to the grant received from Northamptonshire Sport. The conditions relating to the balance of this grant had not been fulfilled at the year-end date, and therefore the unspent balance has been deferred.

The remaining deferred income relates to a number of other restricted grants received for specific charitable activities and project delivery. These grants are not required to be disclosed individually and none are considered individually material. The associated income is deferred until the relevant conditions have been met or the related expenditure has been incurred.

21

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

12 Capital Grant Fund

At 1stAugust 2024
Funding for capital expenditure
Amortisation
Transferred to new charity (1stMarch 2025)
At 1st March 2025		 2025
£
424,106
-
(67,096)
(357,010)
-		 2024
£
482,259
47,002
(105,155)
-
424,106

The capital grant fund is a designated fund. The fund is to be used for improvement to the student union properties at the discretion of the trustees. Amortisation of the fund is released as a fund transfer to the fund the relating depreciation and profit/loss on disposal is incurred within.

13 RAG Fund

Funds held at 1stAugust 2024
Funding received
Fundraising costs
Fund transfers
Donations paid
Transferred to new charity (1stMarch 2025)
Funds held at 1st March 2025		 2025
£
1,113
456
-
-
-
(1,569)
-		 2024
£
-
1,807
-
-
(694)
-
1,113

The RAG fund (raising and giving fund) is a restricted fund for the raising and donation of money for charitable purposes.

14
Student Society/Club
_material_funds held were:-
Clubs:
Archery
Badminton
Boxing
Cheerleading
Climbing
Dance
Equestrian
Futsal
Lacrosse
Men’s Football
Men’s Rugby League
Men’s Rugby Union
Men’s Volleyball
Netball
Rounders
Self defence
Women’s Football
Women’s Hockey
Women’s Rugby Union
Women’s Volleyball
Clubs sub-total		 Brought
Income
Expenditure
(including
reserve
transfer)
Transferred
Carried
Forward
for Fund
(including
reserve
transfer)
to charity
(1stMarch
2025)
Forward
£
£
£
£
£
287
125
(318)
(94)
-
-
-
(65)
65
-
82
125
-
(207)
-
1,421
572
(635)
(1,358)
-
-
468
-
(468)
-
1,793
10,156
(6,408)
(5,541)
-
1,119
1,170
(1,118)
(1,171)
-
1
-
-
(1)
-
25
125
(29)
(121)
-
-
48
(495)
(447)
-
204
-
(51)
(153)
-
985
125
(814)
(296)
-
89
854
(132)
(811)
-
1,032
180
(503)
(709)
-
405
195
-
(600)
-
-
125
-
(125)
-
38
401
(7)
(432)
-
860
-
-
(860)
-
3,685
-
(1,430)
(2,255)
-
27
750
-
(777)
-
12,053
15,419
(12,005)
(15,467)
-

22

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

Societies:
Afro-Caribbean Society
Anime Society
Art Society
Artificial Intelligence Society
Book Society
British Sign Language Society
Certified Society
Christian Union Society
Computing Society
Corium Club Society
Crochet Society
Desi Society
Esports and Gaming (Electronic
Sports) Society
Film Makers Society
Fist Love Society
Hindu Society
History Society
Human Rights Society
Inter Collegiate Prayer
Fellowship Society
Islamic Society
K POP Society
Law Society
LGBT Society
Life Drawing Society
Mature Students Society
Midwifery Society
Model United Nations Society
Nursing Society
Occupational Therapy Society
PENSA Society
Pole Fitness Society
Photography Society
Podiatry Society
Politics Society
Project Management Society
Psychology Society
Royal Diadem Society
Sociology Society
Sri Lankan Society
Student Voices for Palestine
The Asia Society
The Green Society
Treasure House
Vinecity
Campus
Fellowship
Society
Vietnamese Society
Societies sub-total
Total		 2,953
1,458
(2,363)
(2,048)
-
2,120
155
(12)
(2,263)
-
125
-
-
(125)
-
530
676
(384)
(822)
-
848
-
-
(848)
-
-
524
(19)
(505)
-
-
1,000
(8,023)
7,023
-
-
174
-
(174)
-
411
-
-
(411)
-
919
20
(41)
(898)
-
125
640
(131)
(634)
-
45
-
-
(45)
-

210
283
(249)
(244)
-
14
-
-
(14)
-
707
20
-
(727)
-
333
206
(179)
(360)
-
97
92
(27)
(162)
-
393
-
-
(393)
-
-
300
-
(300)
-
275
118
(95)
(298)
-
-
100
-
(100)
-
277
-
(21)
(256)
-
782
465
(361)
(886)
-
125
20
(18)
(127)
-
-
20
-
(20)
-
788
20
(16)
(792)
-
-
69
(22)
(47)
-
2,519
920
(22)
(3,417)
-
-
414
-
(414)
-
-
20
-
(20)
-
2,331
4,580
(2,090)
(4,821)
-
-
195
-
(195)
-
71
-
-
(71)
-
-
20
(23)
(3)
-
125
20
(21)
(124)
-
300
391
(149)
(542)
-
38
-
-
(38)
-
72
-
-
(72)
-
-
242
-
(242)
-
-
20
-
(20)
-
-
48
(48)
-
-
-
20
-
(20)
-
-
130
-
(130)
-

-
20
-
(20)
-
105
-
(364)
(259)
-
17,638
13,420
(14,678)
(16,380)
-
29,691
28,839
(26,683)
(31,847)
-

Club and Society funds are custodian funds. The balances are the money held by the Students’ Union on behalf of the club or society to be used at to be used at their discretion. The fund transfers included within the above figures are the issue and clawback of unrestricted funds to or from the clubs and societies funds. Net funds of £10,839 were issued during the year from unrestricted funds.

23

15 Minibus Reserve

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

At 1stAugust 2024
Income
Expenditure
Fund transfers
Transferred to new charity (1stMarch 2025)
Balance at 1st March 2025		 2025
£
969
-
(8,109)
8,109
(969)
-		 2024
£
1,168
-
(199)
-
-
969

The minibus reserve is a restricted fund. The fund is restricted to the cost of shuttle services on university grounds.

16 Unrestricted Funds

At 1stAugust 2024
Income
Expenditure
Capital grant amortisation
Fund transfers
Transferred to new charity (1stMarch 2025)
Balance at 1st March 2025		 2025
£
419,914
888,123
(965,017)
62,235
(14,087)
(391,168)
-		 2024
£
133,919
1,828,212
(1,645,945)
105,155
(1,427)
-
419,914

The unrestricted funds are funding available for use in general Students’ Union activities at the discretion of the trustees. The fund transfers above are the issue and clawback of unrestricted funds to or from the restricted, custodian and capital funds.

17 Analysis of Net Assets between Funds

Fixed Assets
Net current assets
Long term liabilities		 Unrestricted
Funds
Custodian
Funds
Restricted
Income Funds
Capital Grant
Fund
Total
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Analysis of Net Assets between Funds – Previous Year

Fixed Assets
Net current assets
Long term liabilities		 Unrestricted
Funds
Custodian
Funds
Restricted
Income Funds
Capital Grant
Fund
Total
£
£
£
£
£
42,759
-
-
417,651
460,410
377,155
29,691
2,082
6,455
415,383
-
-
-
-
-
419,914
29,691
2,082
424,106
875,793

24

The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

18 Related party Transactions

The Union receives a recurring grant from the University of Northampton each year, in the current period a grant was received of £715,000 (2024: £1,576,097) and further gifted services provided valued at £44,079 (2024: £74,267). Commercial sales of £4,520 (2024: £32,418) were received in the year.

Rental, utility and other costs are also charged to the Union from the University of Northampton during the period of £41,448 (2024: £94,996). The net balance owed from the University of Northampton at the date of transfer was £1,443 (2024: £24,284).

The Union incurred costs from University of Northampton Enterprise Limited, a company associated with the University of Northampton, of £108 (2024: £717).

Detail of trustee remuneration has been provided within note 5. There are no further related party transactions with trustees.

Northampton Students’ Union Services Ltd (NSUSL) was a wholly owned subsidiary of the Students’ Union and therefore a related party. In May 2024, during the comparative year, NSUSL transferred all assets and operations to UONSU (the unincorporated charity).

No transactions occurred with NSUSL during the current financial year. NSUSL was dissolved on 3 December 2024. The charity did not have subsidiaries at the year-end and therefore no group relationship existed in the current year.

On 1 March 2025 the charity transferred all of its activities, assets and liabilities to Northampton Students’ Union, a charitable company limited by guarantee. Several trustees of the charity were also trustees or directors of the recipient charity. The transfer was undertaken to further the charity’s objects and no consideration was received.

19 Control Relationship

Ultimate control of UONSU rests with its members, represented by UONSU Student council.

20 Reconciliation of net income to net cash flow from operating activities

Net expenditure for year ended 31stJuly
2024
Depreciation and impairment of tangible fixed
assets
Profit/ loss on disposal of tangible fixed
assets
Decrease/(increase) in stock
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash flow from operating activities		 2025
£
(93,230)
71,200
-
-
36,638
(69,495)
(54,887)		 2024
£
222,458
110,295
-
(27,758)
96,376
16,116
417,487

21 Financial instruments

There are only basic financial instruments present in the accounts in the period ended 1[st] March 2025 and 31[st] July 2024.

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The University of Northampton Students’ Union (UONSU) Annual Report and Accounts for the period from 1[st ] August 2024 to 1[st] March 2025

22 Principal risks and uncertainties

All income and expenditure is carried out in Sterling eliminating any foreign currency risk. The majority of income is either grant income or cash income. As a result the credit risk is minimal. The entity relies heavily on funding from the university to carry out its day-to-day activities posing a financial risk. However, this is partly mitigated by the confirmation from the university that it will continue to support this entity over the coming 12 months.

23 Reconciliation of position before transfer on 1[st] March 2025

On 1 March 2025 the charity transferred all of its activities, assets and liabilities to Northampton Students’ Union and ceased operations. There were no other significant events after the reporting period. The position immediately before the transfer was:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Total assets
Creditors
Net assets transferred
Representing Charitable Funds:
Capital Grant
RAG Reserve
Club & Society Reserve
Minibus Reserve
Undesignated Fund
Total charity funds		 £
408,659
27,758
64,396
314,949
815,762
(33,198)
782,563
357,010
1,569
31,847
969
391,168
782,563

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