fte8￿tered Company nunthr. 07695765 (Eni￿nd afid Wales)
egi5tered Charty numbe¢: 114n42
CONSOLIDATED FINANaAL STATEMENTS
FOR
UNIVERSITY OF SUSSEX STUDENTS, UNION
{LIMITED BY GUARANTEEI
FOR THE YEAR END 31 JULY 2023
*AD175VFM*
1710412024
COMPANIES HOUSE
A13

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BYGUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trusiees
Riko Kunisue. Offi.
Rose Linehan. Officer
Niamh Tickner. Officer
Maorya Murray, Officer
Naina Bahl, Officer
Steven Jackson. Officer
Lewis Wilson. Student
Dannielle Smith. Student
Taiwo Olaide Salami. Student
Helen Hoogewerf-M¢Comb, External
Billy Bryan. External
Charlty Number
1147242
Company Number
07695765
Reglstered Office & Prlndpal Address
Falmer House
University of Sussex
Brighton
East Sussex
BNI 9QF
Audltors
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Bank
Bardays 8ank PIC
77 South Road
Haywards Heath
West Sussex
RH16 4LB

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BYGUARANTEE)
CONTENTS
Page
Trustees, Report IlncorporaD"n8 01￿ctOrS Report)
Statement of Trustees, Responsibilities
15
Report of the IndependentAuditors
16
Consolidated Siatement of Finanual Activities
20
ConsolKlated Balance Sheet
21
Charity Balance Sheet
22
Consolidated Cash Flow Statement
23
Notes to the Financial Statements
24

UNIVERSITY OF SUSSEX STUDENTS. UNION (UMITED BYGUARANTEE)
TRUSTEES. REPORT (INCORPORATING THE DIRECTORS REPORTI
FOR THE YEAR ENDED 31 JULY 2023
The Trustees present their annual report together with the audited financial statements of the University of Sussex
Students, Union for the year to 31 July 2023. The Trustees confimi that the Ann4tal report and financial statements of
the charitable company and group comply wtth the current statutory requirements, the requirements of the ¢haTltable
companvs governing documeni and the provisions of the Ststernent of Recommended Practice ISORPI applicable to
charities preparing their accounts in accordance with the Financial Rep￿lfi8 Standard applicab￿ in the UK and
Republic of Ireland IFR51021 leffective l January 20191.
l. Introducllon Chlef Executlve
2. Our govèrnante and operations
3. Ourimpart
4. Offitèr athièvèments
Risk management
6. Sussex Students, Union Annual Report
l. Introdurtlon ty Chlel Exe¢udb
It ha5 been a tOU8h year for the Students, Union still recovering from the financial losses during the pandemic and
¢han8ing spending habits on campus from both students and staff. plus not having a Chief Executive in place for the
majority of it. I was incredibly fortunate to be app￿nted in late 2022 and l started at Sussex SU in February 2023.
The cost of living crisis has had an impact on students and the Union. However, we Saw an increase in students
participating in Union activities- sports dubs are oversubscribed and funding for Student groups being well used, we
had the highest number of election candidates for a number of years, our student reps are being very active in their
schools. Varsity events sold OYL and we had a very successful One World Week and Climate Justice Week.
Interestin
stats-.
53% of students think that the Union helps students overcome challenges that may prevent them from
completing their course
• 70% of students that the Stvdents. Union represents the student body when it comes to equality.
diversity and inclusion issues
• In the 2023 National Student Survey INSSI scores. how well the Union represents students, academi
interests. has increased from 50% to 72.3%. a 21.9% increase. That means that we have moved up from 97th
Union to 71st
78% of students are either satisfied orvery satisfied with our student rep scheme
Governance Revlew
In the summer of 2022. the Unbversity of Sussex and the UnNersity of Su$5ex Students, Union commissioned
Counterculture to undertake a Bovemance revièw of the Studènts. Union. its relotionship with the UnNersity and its
fundin& with the aim of producing a series of recommendations for the Studènts. Vnion and University to consider.
The recommendations ¢overthe Union'5 own governan¢e Structure, the relationship with the University. finances and
spe¢ifi¢ items such as the responsibility for student eknbon5.
The recommendations have provided the Union with a route map for making changes that will have real positive
impacts on how the Union represents. supports and answers to students.

UNIVERSITY OF SUSSEX STUDENTS, UNION {UMITED BYGUARANTEE)
TRUSTEES, REPORT (INCORPORATING THE DIREcfoRS REPORn
FOR THE YEAR ENDED 31 JULY 2023
People
As a Union, we recognise that Ivs all about the how. IYS how we show up, how we approach our work, how we step
UP. get things done and share our humanity.
With University financial support. we started paying the Real LNing Wage. with backdated pay for impacted
staff from October 2022.
We also completed a 3 year pr<Kes5 on pay and gradin& inueasing the pay of our lowest paid members of
Staff and introducing a new. fairer grading strutture
In our 2023 Staff Engagement Survey- 81% recommended the Un￿n as a good place to work, with 94% of 311
3CK) staff completing the suryey.
92% of respondents said that that ¢olleagLFes trust and respert each other and 89%feel that the Union would
forgNe an honest mistake
There was loads of learning and area5 for impmvement and the Trustee Board ag￿ed an action plarb, staff then had
an opportunity for what they thought should be the Union's priorities over the coming year and our Chief Executive is
charged with making the Union a more divefse, inclusive. welcoming and high perfom)ing organisation.
Sussex Students, Union is a Union on the up, with passionate people that want to make students, lives better. The
coming year is such an amazin8 OPPOrtUnity to make the Union an or8anisation that students are incredibly proud of.
James Hann
Chief Executive
Z. Ourgovernante and operations
Su55ex Students, Union is a Charity. separate from the Uni¥er5ity. The Union is here to represent students io the
University and widercommunity, lobbyingthem on students. behatf. We campaign on local, national and international
155ues that matter to students.
We exist to make student life beller through our=
campai8nin8
free, confidential advice and support
hundreds of student led socEties and sports clubs
volunteering opportunities
shops and bars on campus
Each year, six full-time re
resentatives called Officers are voted for by students. The Students. Union is a democrati
oi
nisation and we are led by the eletted Officers. who are paid to do this job. Officers are either recent graduates
from Su55ex or Brighton & Susse¥ Medical School18SMSI- or students tsking a year out from their Studies.
Officers are democratically elected to ensu￿ that the Students. Union as a whole is always strmng to meet students.
chan8ing needs, and respond to students, concerns.
Alongside the full-time Officers are several elected art-time officers and reprtsentatives on a ronge of committees -
who cdlectively make deasions on behalf of students.
We have around 2000 volunteers in a variety of roles such as Society committee chair5, Student reps, and Bad8er
newspaper writer5.
We also have around 30+ full-time staff and 250+ students who work for us, supportin8 the activities of our elected
officers and keepin@ our services running.

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Ourdirertion is always democratically determined bythe needs of students. We relyon studentfeedback and opinion
to direct and assist all the campaigning and lobbying work that we do.
Day-ttrday operational and staff manaBement is delegated to the Chief ExecutNe who is accountable to the Trustee
Board fty strategy implementation and operational performance.
A5 a charity. our activities are overseen by a Trustee ￿r￿.
There are three types of trustee=
l. The six full-time Officers
2. Three elected students
3. Thrèè appointed trustee5
The Trustee Board ensures the legal and finanoal Complian￿ of the Union. as well as leading on significant de¢ision5
regarding strategy and operations. As part of the Union's cornmitment to transparenry the Trustee Board agreed in
April 2023 that the minutes of the Board would now be made public and available on our website.
Tfustees in post during the year were as follow5-
Riko Kunisue, Officer
Rose Linehan. Officer
Niamh Tickner. Officer
Maozya Murray. Offi￿r
Naina Bahl. Officer
Steven Jackson. Officer
Lewis Wilson. Student
Danielle Smith, Student
Taiwo Olaide Salami, Student (resigned 13112120231
Helen Hoogewerf-mccomb. External
Billy Bryan, External
Cameron Joshi. External (resigned 07111120231
Nera Cornell. Officer Iresigned 13107120231
Liam Pem. Officer Iresigned 13107120231
Aaron William5. Officer (resigned 13107120231
Muthoni Kahyho, Student Ire518ned 13107120231
Amelia Mcmahan, Student Iresi8ned 13107120231
Jacob Whitear, Student (resigned 13107120231
3. Our Smpact
Advic
The Student Union advicÈ tÈam providÈs advicè on University-related issues and housing for every Sussex
51udent. We offer 5UPPOrt and guidance on various unNersity-related issues such as appeals, academic
miscondurts, complaints. and disciplrnaries. We can also connect you with the right people and resource5 for
other concerns.
• The Adviceseryicesawa 24%increase in casesfrom 202112. 705 ¢asesfor21-22 academicyear. soan increase
of 166
Student 5UPPQrt continue5 throughout the year. but some months are parricularly busy. There was a 30
inuea5e in case5 from last year in May 2023 for the Advice team

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So what aboutthe quality of the advice and student Satisfaction?
Reviews from Sussex students..
-1 really loved their service"
"Great Servi￿ by the Students. Union. l am really amaze
"Great servicel Thank you~
"It was very quick and èasy to b1￿k a call for the next day. I receNed the call on time and l am very happywith
the Jdvice I received. Thank you very mu¢h!-
"l am grateful for the 5UPPOrt and quick response."
Advice semce was rated 515 by service users
mi
resentstion Scheme
One of the most important functions of the Students, Union 15 to help represent the views of students in educational
matters at the University.
2023.. 142 reps werè Èlèrtèd, whith is an Il% irKrèase on 2022
Testimonials from student reps..
"IYS a really inspiring role to fill. represent your fellow students to the best of your abilit
"I have enjoyed the ability to connect more with my school and talking with my lecturers a5 an equal to
ensure a fulh"Iling student experience-
"I have enjoyed the s(Kial side of being a rep. organising socials and making small changes in the
departmenv,
Te5tirnonia15 from schools about some of the outstanding work the Rep5 have done in 2022/3
Bri8hton & Sussex Medlcal khool
We received lots of nominationsforthesu StudentAwards for many student reps in BSMS fortheir dedication
to representing students and going the extra mile to influence deosion-making and positive changes wilhin
the Khool.
Buslnes$ 5¢hool
One of the reps set up a really successful social for their cohort and School staff to l)oth build tommunity
between students and faolitate a posrtive relationship and opportunity for feedback with staff.
Education & 5oual Work
Amazing work by one rep in particular, who was dedicated to representing International Students on the MA
International Education course. From building community by organising a cultural night where students in thè
¢la5s brought food from different cultures to sharing feedback with relevant stsff toset up additional support
for students for whom English is not their first language
Englneerlng & Info¢matl<s
Amazing work introducing a discord server as a platform to tollertfeedback-the social community they have
reated is now over 51JJ+ of their school peers and has been a widespread 5ucce55 for a large majority of the
students studying infomiatics!
Global Studie5
Successfvlly lobbied to introduce the first Quiet Roorn within the Global Studies Department. which is
expected to be ready in May. Introducing a Quiet Room makes the school far more accessible and welcoming
to its disabled students, will positively impart ttu¥Jents inthis department for years to come and will hopefully

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BY GUARANTEE)
TRUSTEES. REPORT (INCORPORATING THE DIREcfoRS REPORT)
FOR THE YEAR ENDED 31 JULY 2023
also inspire other Student Reps to introduce more Qu￿t Rooms across the University, benefitting Sussex as a
whole
Do¢toral Scho
PGR Reps have done a lot of positive work with staff in the doctoral school and the Students, Union to rethink
how the rep scheme could function more effettively for postgraduate research student5
Elertion 2023=
While the elections weren't without incident the Union successfully delivered a fair election. with some notable
incieases in student engagement
6% increase in unique voters for the Spring election 2023 from the previous year
97% increase in number of candidates in the Spring elettion 2023 from the previous year
Socletles and Student Media
We have supported over 163 Societies and all the 8SMS Societies and 4 Student media groups IURF. UniTV. Badger.
and The Ch3nnell. 8elow are some highlights of their atcomplishments=
Decolonise Shakespeare organised a full-￿ale produrtion of Macbeth at the ACCA. They have undertaken
important work towards creating opportunities on campus for 5tudent5 from marginalised ba¢k8rounds. The
sheer amount of work is in¢redible- $0 many individuals put in to create a community. out of a passion
project.
South Asian Students, S(xiety won a Student Award for the best Large kale SocTrety Event of the Year for
their Diwali ￿lebratiOn event that consisted of Singing and dancing perforniances, as well as dinner and
after party with an attendance of 2COtr. For theii Holi and Diwali celebrations, these events brought
together many people of different cultures and gave many students the opportunity to celebrate their
festivals away from their families.
Turkish Society organised inuedible fundraising endeavours. Their work has massively helped survivors of
the earthquake in Syria and TU￿eY and iaised over E8.CKJO in daing so.
The Channel Imagazinel continued to expand beyond its yearly print editson, to publish a film zine in
partnership with Onecity. 8righton'5 film festival.
University Radio Falmer IURF lor8anised two 24 hour broadcasts. in which our committee raised over £7rJ)
fof various chaiilies.
Sports Club5
We have supported 38 sports clubs this year and he￿ are some of their highlights-.
Sussex WIN Varsity 20221 Varsity is an annual sporting competition where the University of Sussex Students,
Union sports teams compete against the Brighton Panthers from Brighton University. The Sussex Swallows
and Sussex & Brighton Waves eheerleadingteams alsosupported the players in each eventwith some.amazing
performances. Cfverall. the tally scores are 14 wins to Sussex and 3 to Brighton.

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WINNERS
/." 144 I,-.'r'
-ING G
The Women's Volleyball team won the Women's South Eastern Conference Cup and our Men's Volleyball
team won the Men'5 South Eastern fier l title.
The Men's Lacrosse team had an exceptional sea50n. remaining Undefeat￿ in the league all season and
gaining promotion to the BUCS South Eastern Tier l after their most successful season ever. Boasting wins
over Kent122-01, Portsmouth12241. and 6runel121-11 to name just a few. They a150 won the South Eastern
Conference Cup, makrng it to the final against St Marfs and a 10-5 win. They capped off the year by winning
the very well desefved Yeam of the Yearf award at the Student Awards.
"We ore veryproudof thi5 yeorboth on ondoff thepitch. Wehodon tsndefeotsdleogue ondcup runresulting insussex
men's locrossefirst everpromotion to the BUQ5 South Eostern Tier l. ond the club's second ever cup ￿rt. Off the pitch
we Gre reollyproudofthefundroisers wepirton to 5UPPOrt RISE chority ogoinst domestic violence tsnd movember. We
olso orgonised thefirst men s locrosse olumni game ondevent in some time. We ure very hoppy with the yeor we hod.
ond excitedfor thefuture ofmen s locmsse otSu55e
Presldent Wyottshlplev

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%5Q5SEX
15J
iljsc
Ben Roddick won Sports Personality of the Year at the Student Awards, Ben is the Men's Rugby IXV Captain
to startthe year, unfortunately in the 4th 8ame of the season Ben broke his lower leg. Over the course of his
recovery he picked up coaching for the 3XV Rugby team and he also completed the Brighton Half Marathon
competing for their charity partner. Gra5sro0ts Suicide Prevention. He completed the Half Marathon in a
commendable time of 3'.17. it was particularly imwessive when you consider he was on crutches. He also
raised over £850.
Women's Rugby 1st team fjnished 3rd in the league and had big win5 throughout their season- 52-0 against
Kings, 41-0 against King's lagainl. and 39-10 against KI￿￿. Their 1st team rounded out their year with a
record 98-0 win in varsity against Brighton.
Women's Hockey 1st tèam w¢Jn the BUC5 S(Krth Eastem Tier I ttue. A few weeks after securing the league
win. the 1st team won 4-0 over Brighton in Varsiry. The 2nd team a150 had an incredible season, winnin8 the
South Eastern Tier 4A and remaining undefeated all year. with 10 wins from 10.
The Women's Fooib311 team ran the Brighton Half Marathon and held a football tournament to honour
Charlotte Swift. who wa5 a member of USWFC until 2020 Iwhen she passed away suddènly).

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Sussex Swim entered both the BUSL League and the 8UC5 Long Course Championship, and found success in
both. In BUSL they made the finals for the first time in their recent history, and 8ained a few Personal Bests.
In the BUCS Lon8 Course competition their men's team won the medley relay. Their 5e3son finished with a
varsity win ovei Brighton - the first time that swimming has been a part of vafsity for some time. Swim'5
impressNe year earned them the award for'most Improved aub, at the Student Awards.
These are just a few of the sportin8 success stories of the year atsussex. Below you can see a list of all league winners..
BUCS League winners:
Volleyball Men - Tier I
Hockey Women's Is- fier I
Badminton Men's Is- fier 2
Lacrosse Men Tier 2
Football Women's 2s- fier 3
Football Men's 2s- Tier 4
Netball Women's 2s. Tier 4
Hockey Women's 2s- Tier 4
Volun¢eerin8
Budd kheme
This academic year the 8udo* kheme ran frnm May ?n?2 t? th9 gnd of MJrch 7023.
Across thè course of the year we ran 35 events with 934 attendee5 spread acros5 them. Three of these were
ticketed trips, and the ￿$t were on-campus events such as Midweek Mingles, Speed Friends, Therapy Dog
events and film ni8hts.
In total. 761 students got involved wtth the Buddy Scheme this year
• Olrt of the 761 sign ups and Buddy Scheme vdunteers, 236 students were poswaduates.
Lan
The Language Cafe is student led and offers a Spa￿ for students, to learn and practise a language in a 51Kial
environment.
This year. we ran 20 Language Cafes on Tuesday evenings
The Language Cafe had 2014 attendees across the 20 events
We offered up to 20 languages including.. Arabic. British Sign Language. Cantonese, English. Finnish, French,
German, itslian, Japanese, Korean. Mandarin, N¢)p*egian. Persian (Farsil. Portuguese, Romaniar¢, Russian,
Spanish. Swedish, Thai and Turkish.
French118.9%1 and Japanese114.2%1 were the m05t popular languages Offe￿d, but Romanian110.4%1. newly
introduced this year. has proved incredibly popular too.
We had 79 Language Cafe Volunteers and 4 Language Cafe Leaders to run the cafe each week.
The Language Cafe organised 2 collaborations with the Nordic Society
Delivered a Special One World Week Langvoge Café
Hosted a 'Cakes and Ladders, thank-you party for the Language Cafe Volunteer5 and Leaders
Feedback from participants and volunteers
"I wos given the chance to meet new people ond make friends, and le¢¥rn about different bnguages ond
culruresl And I was oble to teoch people my lon9uoge!-
"Seeing how eosy it is to leom rtewphroses even when you don't speok the languoge ot oll"
"learning how to teoch h05 been positive 0$ I'm learning rtew ihino5 oboutmy longuoge as well"

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Pos
raduate Network
The Postgradua￿ Network rs a new ¢ommunbtyforèll postgraduates and fflature students here at Sussex. The
Network develops an artive and vibrant community of postgraduate and mature students.
Bèing a part of the Netwo￿ allows students to connect with each other and expand your network. Students.
can share your experiences and top tip5 With others and also Bet support and advice from other5.
The Network organised 10 meet ups and 3 freshers events took place with 140 attendee5 across these events.
Sussex Ni
htlin
Susse¥ Nightline is a confidential listening service run by trained student volunteers, offering you non-
judgmentsl support.
The Nightline was available from 10pm to 2am on Fridays. Saturdays. SurKlays during term time to students.
The Sussex Nightline trained and supported 30 student volunteers.
Campalgns and Community Oryani51ng
Contributed to the creation of the Brighton and Hove Citiiens UK Manifesto. and cothotted a￿eMblieS with
Councillors, MPS and decision makers from across the oty.
Ran several Community OrganisinB trait)ing se4ions for 5tsff. as well a5 a day-lon8 community organising
training for students. with great feedback..
o The knowledge and skills I hove acquftred thmugh the troining have equipped me with o deeper
understonding of communityorg0n￿ing ond the tools needed ro effectchonge. l tsm trulygrotefulfor
thi5 Opportunity."
-1 would like to commend the Student Unionfor theirexceptionol work in orgonisirw ondfo¢ilitoting
the truining session. The Union's commitment to creoting O stroftg. well.rounded, ond inclusive
communityis evident. ond l om glod to have witnessed o pdrtof it.-
Part of city-wide teams campaigning for improving young people's mental health provision. cost of public
transport for young people. affordable and equitsble housing and more orBanisations movinB towards being
Real Living Wage Employer.
• Supported 10-13 studefit-led ¢ampai8n5, with win5 includin8
o Rebates for those afferted by construction noise on campus
O Raised awareness on the lack of support prowded to students through abortions, mis¢arria8e5,
especially within Exceptional ￿rCumstanceS
o Highlighted the challenges of accessing the library for students who requlre a step-free route. Ran
demo on this and got over S pages of signatures from staff and Students
o Mitie Must Fall campaign worked alongside i)fficer5 to encourage the University to have a more
ethical partnership and procuremènt pro¢e$5.
o Access Sus*x worked alongside the Universi￿5 Health and Safety team to make emergency
procedyres inclusNe and safe for our disabled students.
Sustainablllty:
Supportèd Sustainability Committee with the Fossil Free Careers campaign. meeting with kèy university staff
to create a policy and Pfocess for this.
Set up a new Student Group category- Cooperatives - to support student Br¢)ups who are both providing
service to the community and working to make campus more sustainable. Provide them with more fundin&
designated staff support and campaign advice.
o This includes the support given to ROOTS in their 51te transitions and making the new site fit for
purposè. continuing support for Food Waste Cafe with the Community Kitchen and supporting
Radical ￿brary in collecting and categorising a large collection of books that students can a¢¢ess for
freel
Ran a few Free Shop eventsto prevent kitchen and household iiems from going to waste and providing them
to incoming students for freel

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Climate justice Week
Climate Justice Week took place and was a week filled with events. workshops. panel discussions, craft and
creativity. getting out into nature and strengthening our sense of community on campu5.
some events that took place include a talk by the Student Livin8 and Sustainability OffI￿r about the
problematic natuie of the term 'Net Zero,. looking at the devastating impacts of carbon offsetting schemes in
the global south and how this is a repeat of colonial and capitalist history.. a clothes swap. free film festival. a
trip to the Knepp estate, a workshop on how to make complete compost and maximi5e the availoble habitst
for all pdlinators and wildlife.
Mual Safety:
Worked with CitiiensUK ¢)n their nightlife safety Charter. putting pressure on club5 in town to take
responsibility for student safety. Our Safe 5pace5 team met with Labour and Green Councillors and the Chair
of the bcen5in8 Committee who made a commitment to work together with venues to introduce ways that
ensure the safety of people who engage in night time economy. The group held an Action 'Night Time Safety
Charter Partw at Hove Town Hall in March to invite Coun¢illor5 to ¢gmmit to working on the charter.
Ran the annual 16 Oays of ArtiVi5m against, in which we ran several Su-bed as well as student SUPPOrt events
and raised ¢)vèr £200 for RISE Ilocal charity)
Hosted the weekly'Free Wednesdays, stall in Falmer House Reception. Thks 15 a weekly stall in Falmer House
Reception that provides students with free period products. contraception. testing kits. pregnancy tests and
other sexual heatth products with the goal to improve sex educats.on and tackle period povèrty.
Llberation and Race Equlty:
Offered support for the International Students, Officer, committee and projert5.
As part of the Career Equity Project, the SU supported the Sussex Career5 Entrepreneurship team,
alongside feed-in from relevant Student groups to plan ca￿er5 workshopslevents for marginalised group5.
Some of the events included"LGBTQ+ panel evenf. an-lnternational Students Mock Intervie%¢ session and
"Access at Work"
Also supported staff networks! Large growth in the awareness and impact of our BAME Staff Network.
U date from Race E
Advocates
REAS
Race Equity Advocates from the Business school and MAH school are running awareness campavdns on
campus on BAME awarding gap. They did stslls on library square and running social media campaigns to make
students aware of what exartly the awarding gap is and how it impacts marginalised students
Race Equity Advocates from both schools are also meeting staff and students to Lbnderstand the causes of
awardinÈ gap through one to one5 with Students and running focu5 groups.
Race Equity Athocates are also running focu5 groups and BAME students network5 to establish a strong sense
of community for students of colour within their school. This prowdes a safe space for students of colour to
share their experiences and run collective sessions such as Black authors reading and yoga sessions to make
change. The information and stories from these sessions are to inform %hoL)I level Race Equity Plans.
Set up Decolonise the Curriculum Working Group which involved collaboration from academics and students
Events
General Ov•r¥iew
Between September 2022 and May 2023, 1,112 student events were hosted in collaboration with the
Students, Union. Oe5Plte the challengingstart to theyearwith the death of the Monarch meaninB last minute
changes to our Welcome programme. the SU hosted over 140 events during the f￿sher5. period
The Students, Union offered paid opportuntties for student DJ5. bands and event photQ8raphers at some of
our biggest events of the year, includin8 Su55ex Festyval, the Pier Party and One World Week
io

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TRUSTEES. REPORT (INCORPORATING THE DIREcfoRS REPORT)
FOR THE YEAR ENDED 31 JULY 2023
In line with the cost ol living crisis. the SU offered a Iow-¢05t and often free annval events programme to allow
students to meet one another. celebrate key ¢uttur31 and religious periods and get involved withthe Students,
Union. Around 75% of our pro8ramme was free
The Evertts Team are seeing that a lot of students are keen to go io n¢)n-alcohd based èvents, with the
wellbein8 and craft events, and external speaker e4ents being Very popular this year
Safety In the Nightfime Efonomv
The Nightlife Safety Advocate scheme was created by Sussex Studenvs Union in ￿sponSe to the issues
students face in ni8htlife around Brighton. Nightlife Safety Advocates INSAS) are trained Students working
independently alongside local nightclubs to PrO￿de aThJ signkw welfare and support for students on nights
out and at our big events
In 2022. our Nightlife Safety Advocates supported students on 26 weeks of Epikl Wednesday Student nights
at Pryzm. The Student5. Union averaged about 19cQ120￿ students on the door of Pryzm each week Imostly
Sussex but lots of Brighton University students tool and have had really l¢wely feedback from students who
have been hel￿d. Main themes include: student loneline55 and being left in clubs. sexual assault. alcohol and
drug awareness and mental health problems.
In collaboration with the Student Engagement team. the SU hosted the fortnightly Sexual Safety Working
Group, which induded a mix of students. SU staff & offitsrs. external charities and relevant university staff
In 2022, the SU rolled out free bystandertratningto student8roups, worked with Survivors Network to curate
more specific consent training for our student groups, took part in the lighting walk of campus and has been
Wofking with thè late niBht economy sectorto tsckle the issues students face in the city. We also worked with
the bus ¢ompany to look at how we can better 5UPPOrt students late at night and ensure that bus driver5 are
accepting students to then prevent them having to walk alone at night
Student Awards
In 2022 over 100 different student groups and individuals nominated for a Sussex Student Award, with
categories including-'Guest Speaker event of the Yearf. Sports Club Committee of the Yearf and'Out5tanding
contribution to Student Welfare'l
Red Bull
li

UNIVERSITY OF SUSSEX STUDENTS, UNION IUMITED BY GUARANTEE)
TRUSTEES, REPORT (INCORPORATING THE DIRECTORS REPORn
FOR THE YEAR ENDED 31 JULY 2023
Commercial Tradln8
Northfield Bar recoverlng from the pandem•
So much has changed since we took over the venue in the Summer of 2018. What started out as a big white canvas
with lots of windows and bri8ht white lights, is now becomiro a popular late-night space for students to socialise and
meet new friend5.
During the academic year of 2022n3. many entertainment and events were hosted at Northfield Bar, both by student
staff and student groups associated with the Students, Vnion. One of the most notable events was the screening of
the Frfa World Cup 2022 games, where record numbers of students came together to watch the games.
Since reopeninÈ after the pandemic, we've invested in makÈng the space more comfortable and swdent friendly.
including improvements to the 8arden - new heated booths and a nice bright lick of paint - as well as working with
brands on murals and furb additions in the bar itself.
Stats
2018119 Orink Sales- £155.78S
2018119 Food Sales- £90.778
2022123 Drink Sales - £228.922
2022123 Fth)d Sales- £90.240
2018119 v. 2022123 Orink Compari50n'. 47% increase
ny Rebel Mural, Northfield Bar
12

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BY GUARANTEE)
TRUSTEES, REPORT (INCORPORATING THE DIRECTORS REPORT)
FOR THE YEAR ENDED 31 JULY 2023
4. Officer athievements 20W3
Successfvlly lobbied the University to respond to construciion noise complaints from students livin8 on
campus and the need lor the uni￿r5￿ty to tske actic
• Vocal campaigner on issues impacting students
Stated a year process on a combined University and Union strategy on swxt at &Jssex
Worked with the Sports. Sooeties and Media Committees, awardin8 over £34,c￿ to student groups
Organised the International students focus groLtp about rentin8 in 8ri8hton, so University Housirvd heard the
voices of international students
Helped drive forward the new International student committee
Been important voices in many university and union meetings for international students and the BAME
community
After lobbying offI￿r5. the University hired a consultant to price and project-plan a community kitchen on
campus
Co-hosted the 8righion and Hove Citizens UK Assembly where Labour and Green councillor candidates
pledged to ¢ontinue working with us on our campaigns of affordable housin& mental health. safer space.
affordable transport
Submitted 3 detailed and impactlul report to the University on ￿sidential costs for stvdents in 202415 and
worked with part-time officers to push the University to make improvernents on accessible housinB and
disability support
• Worked with Academic Regulations Team to SUPPOrt international students on overiepresentation of
academic miscondurt ca5e5 such a5 plagiarism and referencing
Went on an intensive learning trip on behawof the Union to Sandinavia and presented on what we can learn
from the trip, including student led events and artivities
Submitted the Union'5 Teachin6 Excellence Framework ITEFI student submission
Embedding studentvoice and student experience in to UnNersityCouncil meetings. pushin8forto be Students
are at the heart of decision5 made by the highest governance body on campus
Submitted a report to the Office for Students on experience of sexual harassment and miscondurt to hèlp
make national change for students across the country.
Gathered dats from 450 students and fomied the 'sussex su mentsl health reporf, which will lay the
foundations for the recommendations to be implemented for the next academic year. they include". hybrid
c￿￿nsellIng sessions, pre-crisis support. more diversity among counsellors. making services easier to access
and user friendly
Made ¢ommitments to trans and non-binary S￿dents and to part time offi￿rS for the coming year
Recruited a new Chief Executive
Started and concluded a governance review," agreeing an action plan and making delivery a priority for the
new Chief Executs've
UCU Strike action
Joinin8 picket lines, helping provide information to students on the reason5 behind the strike and whv4•*r4th•Wd
be supporting it
Cost of Livin
The eletted officer team ran a hugely su¢¢e55ful event in May in response to the Cost of ts.ving crisis. -Free
Wednesdays. was expanded into an all day event held in Mandela Hall where stutlents could ¢ome along and
pick up free items. This induded= hot tood. toiletries. study supplies. sexual health products, a clothes swap,
information on advrce services. and a tombola
• What you might not have seen was the work that the officers did ~behind" the scenes encouraging the
University to be active in supporting students duringthÈ costof INin8 crisis. The University £2 meal was officer
driven
13

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BY GUARAPITEE)
TRUSTEES. REPORT (INCORPORATING THE DIRECTORS REPORT)
FOR THE YEAR ENDED 31 JULY 2023
Part.tlme Officers and Representati¥es:
Platformed our PTOS on the website. and on social media. InclLrding promoting drop-in hour5 and events thev
ran including regular ¢offee momin8s for margirbalised stydents and career support
• Worked alongside events team to support PT05 on larger liberatits) periods includin8 Pride March and
Cultural Cabaret
Team continued to faolitatè workin8 groups with fulktime and part time officers. including setting new
working groups. Our working group5 con54St of Students, Officers. University Staff and Students Union staff.
these working groups are a space where student issues can be raised by students and stsff and then problem
solved 3$ a team to work on making the change5 that are needed. The wothing groups were.. Sexual Safety.
LGBTQ+, Student Parent
A biE win ¢amè from the LG8TQ+ workin8 where students. dead names will not bè on Sussex Direct, it shows
what can be achieved when we have university staff have key roles within these groups
5. Risk m•na8ement
TheTrustee Board is responsible fof the Union's risk management and the effecttveness of internal controls. On behalf
of the trustees. the Senior Leadership Team performed a review of major risks and presented the outcome and the
mitigating measures to the Finance arbd Risk Subcommtttee in April 2023.
6. Sussex StudenW Unlon Annual Report- Audltors
Slatement of disclosure to auditor
So far a5 each person who wa5 a trustee at the date of approving this report are aware, there is no relevant audit
information of which the group's auditor is unaware. Additionally. the trustees individually have taken all the
necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit
information and to establish that the group's auditor is aware of that information.
This report was approved bythe Trustee5 on and Signed on their behalf, by-.
Steven Jackson
Chair of the Trustees
Oate.. ?1-3• 24+
14

UNIVERSITY OF SUSSEX STUDENTS. UNION IUMITED BY GUARANTEE)
STATEMENT OF TRUSTEE5' RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2023
The Trustees, who I￿ also the directors of UnNersity of Sussex Studènts. Union for the purpose of company law,
are responsible for preparing the Trustee5' Report and the account5 in accordance with applicable law and Unrted
Kingdom Accounting Standards (United Kingdom Generally Accepted Accouniing Practice). including Financial
Reportin8 Standard FRS102 The Financial Reporting Standard applicable in the UK aThJ Republic of Ireland,.
Company law requires the Tru5tees' to prepare accounts for each financial year which give a true and fair view of
the state of affair5 of the charitable company and youp and of the incoming resource5and application of resources,
including the income and expenditure. of the charitable company and group for that year.
In preparing these accounts, the Trustees are required to=
selert Sultable accounting policies and then apply them ccfflsistentty:
observe the methods and principles in the Charities SOAP-
make Ivdgements and estimates that are reasonable and prudent- and
prepare the accounts on the going concem basis Unle￿ it is inappropriate to presume that the charitable
company will CLMtinue in operation.
The Tr¢Jstees are responsible for keeping proper accounting records that disclose with reasonablè accuracy at any
time the financial position of the charitable company and group and enable them to ensure that the accounts
¢ornply with the Companies Art 2C*J6. They are also responsible for safeguarding the assets of the charitable
company and group and hence for taking reasonable steps for the prevention and detection of fraud and other
irre8ularities.
15

UNIVERSITY OF SUSSEX STUDENTS. UNION {UMITED BYGUARANTEE)
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
Opinion
We have audited the finanaal statements of University of Sussex Students. Union I'the charitable companVI and its
subsidiary I'the group'l for the year ended 31 July 2023 which comprise the Consolidated Statement of Financial
Activities, the Group 83lance Sheet. the Charity Balance SheeL the Cash Flow Statement and notes to the financial
statements, including a summary of significant accounting policies. The finanoal reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kin8dom Generally
Accepted Accounting Practicel.
In our opinion, the financial statements-
give a true and fair view ol the state of the group's and the parent charitable company's affairs as at 31 July
2023 and of its incomin8 re5ource5 and application of resourtes for the year then ended-
have been propedy prepared in accordance with United KTrngdcrfn Generally AC￿pted Accounting Practice-
and
have been prepared in accordance with the requirements of the Companies Art 2￿6.
Ba515 for opinion
We condurted our audit in accordance with Intemational Stsndards on Auditirg IUKI IISAS IUKII and applicable law.
Our responsibilities under those standards a￿ further described in the Auditor's responsibilities for the audit of the
finanual statements Se￿lOn of our report. We are independent of the group in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities rn accordance with these requirements. We believe that the
audit eviden￿ we have obtained 15 sufficient and appropriate to provide a basis fGY our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have concluded that the twstees, use of the going concern basis of accountinB
in the preparation of the finanoal statements is apwopfiate.
8ased on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that. individually or collectively. may cast significant doubt on the chariWs and group's ability to continue
as a going concern fora period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the ￿spOnsibl11t1es of the trustees with respectto goingconcern are described in the relevant
sections of this report.
Other Infomiatlon
The other infomation comprises the information included in the annual report other than the financial statements
and our auditorf5 report thefeon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements doe5 not cover the other infomation and. except to the extent
otherwise explicitly ststed in our ￿port we do not express any form of assurance conclusion thereon. Our
responsibility is to rèad the other information and. in doing so. consider whether the other information is materiallv
inconststènt with the financial statemènts or our knowledge obtained in the course of the audit. or otherwise appears
to be matÈrially rnisstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether this gives rise to a material misstatement in the finan¢i•l statements thèmselves. If.
based on the work we have perfomed. we condude that there is a material misstatement of th15 Other information,
we arè required to report that fart.
We have nothing to report in this regard.
16

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BYGUARANTEE)
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
Oplnlons on other matters prescrlbed tythe Companle5 Art 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the tru5tee5' report lincorporating the directorf report) for the financial year for
which the financial statements are prepared is ccfflsistent with the finan¢ial statements- and
the directors. rep(rt has been prepared in accordance wtth applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understandin8 of the Charitab￿ company and group and its environment obtained
in the course of the audit. we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matter5 in relation to which the Ccrfnpanie5Act 2￿)6 requires
us to report to you rf, in our opinion..
adequate accounting records have not been kept. cy retums adequate for our audit have not been receNed
from branches not visited by us. or
the financial statements are not in agreement with the accounting records and returns- or
ertain disc105ures of directors. remuneration specified by law are not made; or
we have not received all the information and explanations we require for ouraudit.. or
the trustees were not entitled to prepare the financial statements in accordance with the Small companies
regime and take advantage of the small companies. exemption in preparing the dirertorfs report and take
ad¥aniage of the small companies exemption from the requirement to prepare a strategic report.
Responsibilities ol trustees
A5 explained more ful￿ in the trustees. resp￿sibilitieS statement, the trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for bein8 5at15fied that they give a true and fair view. and for such internal control as the trustees
determine is necessary to enable the preparation of finanoal statementsthat are free from material misstatement,
whether due to fraud or error. In Preparing the financial statements. the trustees are responsible for assessing the
charitable compan¢s ability to continue as a going concem. disclosin& as applicablè, matters related to going
concern and using thegoing concern basis of accounting unless the trustees either intend to liquidate the charitable
company or to cease operaiions. or have no ￿all$tI¢ ahernative but to do $0.
Auditorfs responsibilities lor the aU￿rt of the fina￿031 statements
Our objettives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
rnatèrial misstatement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
RÈason3ble assurantÈ is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence
the economic decisions of users taken on the basis of these finanoal statements.
Irregularities. including fraud. are instsnces of non-compliance with laws and regulations. The extent to whTrch our
procedures are capable of detecting irregularities. including fraud. is detailed below.
Extent to which the audit was comsidered capable of detecting iwTrgularities. induding fr•ud
The objettives of our audit. in respert to fraud. are= to identify and a$5essthe risks of material misstatement of the
financial statements due to fraud- to obtain Sufficient appropriate audit evidence regarding the assessed risks of
material mi5Statement due to fraud. through des48ning and implementing appropriate responses- and to respond
appropriately to fraud or susperted fraud idèntified during the audit. However, the primary responsibility for the
preventim and detection offraud rests with both those charged with govemance of theentityand its managemenL
17

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BY GUARANTEE)
REPORT OF THE INDEPENDENT AUDITORS TO THE MEM8ERS
Our approach was as follows=
We identified areas of laws and regulations thatcould ￿aSonablY be expected to have a material effect on
the financial statements from our general commercial and sertor experlence. and through discussion with
the directors and other management las required by auditing standard51, and discussed with the directors
and other management the policies and prO￿d￿re5 regarding compliance wth laws and regulations:
We identified the following areas as those most likely to have such an effett.- health and safety.. General
Data Protection Regulation IGDPRI. fraud,. bribery and corruption and employment law. Auditin8 Standards
limit the required audit procedures to identify non-ccxnpliance with these laws and regulations to enquiry
of the trustees and other management and inspection of regulatory and legal ¢orrespondence. if any.
We considered the le8al and regulatory frameworks directly applicable to the financial statements
reporting framework IFRS 102 and the Companies Act 2(K6 and the Charities Act 20111 and the relevant
tax Complian￿ regulations in the UK-
We ¢onsidered the nature of the group's operations. the control environment and bu5ine55 performance,
including the key driver5 for managemenys remuneration..
We communicated identified law5 and re8ulations throughout our team and remained alert to any
indications of non-compliance throughout the audit..
We considered the procedures and contrds that the group hos established to address risks identified. or
thai otherwise prevenL deter and detettfraud,. and how 5enbor management monitors those programmes
and controls.
Based on this understanding we designed our audit pro￿dUleS to identrfy non-compliance with such laws and
regulations. where the risk was considered to be higher. we performed audit procedures to address each identified
tr3ud risk. These procedures included.. testing manual journals- reviewing the financial statement disclosures and
testin8 to supporting documentation,. pèrforming an3￿1¢al procedures- and enquiring of management, and were
designed to provide reasonable assurance that the ftnancial statements were free from fraud or error.
Owing to the inherent limitations of an audit. there 15 an unavoidable risk that we may not have detected some
material misstatements in the financial statements. even though we have properly planned and performed our
udit in accordance with auditing 5tandard5. For example. the further removed non-compliance with laws and
regulations lirregularitiesl is from the events and transattions reflerted in the financial Statements. the less likely
the inherently limited pfocedures required by aLsditing standards would identify it. The risk is also greater regarding
irregularities occurring due to fraud rather than error. as fraud involves intentional concealment. forgery. collusion,
omission or misrepresentation. We are not responsible for prevènting non<ompliance and cannot be expected to
detert non-compliance all laws and regulations.
A further description of our responsibilities for the audit of the financial ststements is located on the Financial
Reporting Council's website at". htt
www.frc.or .vk
Our-wor
Audi
Audit-and-assurance
Standards-and-
uidan
ianards-and-
r-audttor5
Auditors-res
onsibilities-for-audi
Descri
tion-of-auditors-
res
nsibilitie5-for-audit.as
x. This description fomis part of our auditorfs report.
18

UNIVERSITY OF SUSSEX STUDENTS, UNION {LIMITED BY GUARANTEEI
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS
Use ol our report
This report 15 made solelyto the charitable companrfs members, as a body. in a¢cordance with Chapter 3 of Part 16
ofthe Companies Act 2￿)6. Ouraudit work ha5 been undertaken so that we might statetothe charitsble company'5
members those matter5 we are required to state to them in an auditorfs report and for no other purpose. To the
fullest extent permitteil by law. we do not accept or a$5ume re5F4Jnsibility to anyone other than the charitable
company and the charitable compan¢s members as a body. for our audit work, for this report, or for the opinions
we have formed.
Mark CthnmSns FCCA I￿niOr Statutory
for and on behaw of TC Group
Statutory Auditors
Office.. Sussex
Dated:
19

UNIVERSITY OF SUSSEX STUDENTS, UNION IUMITED BYGUARANTEEI
CONSOLIDATED STATEMENT OF FINANCIAL AcrivmES IINCWDING THE INCOME ANO
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY2023
Unre#ri¢ted Deg8nat
funds
Restrlcted
f￿d$
Total
2023
Totsl 2022
INCOME FROM:
Charitable activities
Other trading activitie5
Investments
Total Sncomt
Note5
1,481,769
4.442,713
163.228
238.432
1,883.429
4A42.713
2,663
6.328.805
1,598.283
3,829,418
91
5,927,145
163.228
238.432
5,427,792
EXPENDITURE ON:
Raising funds-tradin8
expenditure
Charitable activities
Tt)tal expen<liiure
3254M8
3.254.888
2,625,680
2.766,672
6,021,5fj0
171.430
171A30
232.480
232.480
3.170.942
6A25.830
2,825,572
5,451,252
Net 5ncome l (expendlture)
(8.2021
5,592
(97.0251
123.4601
Transfers betN4een funds
19
Net movement in funds
194A151
(8.2021
5.592
197.0251
123,4601
Re¢ondlSatlon of funds
Total funds brought forward
517.394
167.720
73.565
758,679
782,139
Total I￿￿5 carried forward
422.979
159,518
79.157
661.654
758,679
The Consolidated Staternent of Financial A¢rivities indudes all gains and losses recognised in the year.
The notes on pages 18 to 31 form part of these finanoal ststements.
20

UNIVERSITY OF SUSSEX STUDENTS. UNION (LIMITED BYGUARANTEE)
CONSOLIDATED BALANCE SHEEr
ASA T31 JULY2023
2023
2022
FIXEO ASSETS
Tangible assets
ij
121.067
159,020
CURRENT ASSErs
Stock
Debtors
Cash at bank and in hand
15
16
93.120
163.637
715,447
67.766
119.820
802,540
971203
990,126
CURRENT LIABILITIES
Creditors due within one year
17
1403.283)
1352.1341
NET CURRENT ASSETS
637.992
TOTAL ASSEfs LESS CLIRREPn UABILMES
689,987
797.012
Creditors: am(bunts fallin8 due
after more than one year
18
128.3331
138,3331
TOTAL NEfASSErs
661.654
758,679
CHARIry FUNDS
Restrirted funds
Desi8nated funds
Unrestricted funds
19
79.157
159,518
422.979
661.654
73,565
167,720
517.394
758,679
The Group was entitled to exemption from audit under Secti￿ 477 of the Companies Att 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006. However. an audit is required in a￿ordanCe with section 151 of the Charities Act
2011.
The Trustee5 Kknowled8e their responsibilities for comp￿Ing with the reqyifements of the Act with respect to
accounting record5 and preparation of financial statements.
The finanoal statements have been prepared in accordance with the provisions applicable to entities subject to the
small companies regime.
The linancial statements were approved and authorised by the Board of Tmstees ¢)n ¥,s.tynd signed on their
behalf by..
Steven Jxkson
Company Number- 07695765
21

UNIVERsrrY OF SUSSEX STUDENTS. UNION (UMITED BYGUARANTEE)
CHARITY BALANCE SHEET
ASAT31 JULY2023
2023
2022
Notes
FIXED ASSETS
Tangible assets
Investments
20.876
22,795
14
20.878
22,797
CURRENT ASSETS
Oebtors
Cash at bank and in hand
16
259.%5
427,702
687.667
198.361
601.049
799,410
Creditors due wthin one year
17
1116.205)
190.5061
14ETCURREiif AssErs
571062
708.904
TOTAL A55ET5
592.340
731.701
CHARifi FUNDS
Restricted fvnds
Designated funds
Unrestricted tunds
19
79.157
159.518
353.665
592,340
73.565
167,720
490.416
731.701
The Union wa5 entitled to exemption from audit Under Section 477 of the Companie5 Art 20C6.
The members have not required the entity to obtsin an audit for the year in question in accordance with section
476 of the Companies Act 20C6.
However. an audit is required in accordan￿ with section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilitie5 for complying with the requirements of the Act with respert to
accounting records and preparation of financial statements.
The financial statements were approved and authori5ed by the Board of Trustees on
behalf by..
nd signed on their
Stèvtn Jackson
Company Number- 07695765
The notes on pages 18 to 31 form part of these finanaal statements
22

UNIVERSITY OF SUSSEX STUDENTS. UNION (UMITED BYGUARANTEEI
CONSOLIDATED CASH FLOW
FOR THE YEAR ENDED 31 JUL Y2023
2023
2022
Cash flows from operatini artivilies
Net cash used in operating artivities
21
1613191
28,485
Cash flows fram In¥estlng actl¥rylles
Purchase of tan￿ble fixed assets
125,7741
1120,2661
Net cash used In Investlng actlvttles
125.774)
1120.2661
Cash flows from flnanclng actl¥ltles
Repayments of borrowings
11,2671
Cash inflows from new borrowings
Nel cash protsrfded by financSng actliities
11.2671
Change Sn cash and cash equlvalents in theyear
187.093)
193,0481
Cash and cash equNalents at the beginning of the year
802.540
895.588
Cash and fash equivalents at the end of the year
715A47
802,540
The notes on page$ 18 to 31 fomi part of these finan¢ial statements
23

UNIVERSITY OF SUSSEX STUDENTS. UNION {UMITED BYGUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JUL Y2023
STATUTORY INFORMATION
The Union 15 a cornpany14mited by8uarantee. The memters rfthe companyarethe Trustees named on the legal
and admin information pa8e. In the event of the union being wound up. the liability in respect of the guarantee
s limited to £1 per member of the Union.
ACCOUNTING POUCIES
2.1 Basis of preparatl¢)n of financial statements
The financial statements have beerb prepared in actordance with Charities SORP IFRS1021- Accounting and
Reporting by Charities.. Ststement of Recommended Prattice applicable to charities preparing their accounts in
accordance wth Financial reporting Standard applicable in the UK IFRS 1021 (effective l January 20191. the
Financial Reporting Standard applicable in the UK IFRS 1021 and the Compan*s Art 2006.
The financial Statements are prepared in sterlin& which 15 the functional curfency of the tharity. Monetary
amounts in these financial statements are rounded to the nearest pound.
University of Sussex Siudents. Union meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cast or transaction value unless otherwise stated in the relevant
accounting policy.
The Consolidated Statement of Financial Artivities ISOFAI and Consolidated Balance Sheet consolidate the
fbnancial statements of the Union and its subsidiary undertaking. The results of the subsidiary are consolidatèd
on a line by line basi5.
The Union has taken advants8e of the exemption allowed under section 408 of the Companies Act 2(KJ6 and
has not presented its own Statement of Financial ArtNitie5 in these financial statements.
2.2 Going Concem
At the time of approving the financial statements. the trLtstees have a reasonable expertation that the Union
has adequate resources to ttjntinue in operational existence for the foreseeable future. Thus the trustees
Continue to adopt the going Con￿rn basis of accountin8 in preparin8 the financial statements.
2.3 Intome
All income is recognised once the Union has entitlement to the income, it t5 probable that the income will be
received and the amount of income weivable can be measured reliabty.
Grants are included in the consotidated 5tstement of financial activities on an accruals basis. The balan￿ of
income received for specific purposes but not exper*ded during the period 1$ shown in the relevantfunds on the
Balance Sheet. Where inrome is received in advance of entitlement of receipt. its recognition 15 deferred and
included in creditors as deferred tncome. Where entitlement occurs before income is received. the income is
accrued.
Gifts in kind donated for distribution are induded at valuation and recognsed as income where they are
distributed to the projects. Gifts donated for resale are induded as income when they are sold.
Where the donated @ood is a fixed asset it is measured at fair ¥alLre. unless it is impractical to measure this
reliably, in which case the cost of the item to the donor Should be Used. The gain is recognised as income from
donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the
Useful econGYnic life in accordance with the Union's accounting policies.
24

UNIVERSITY OF SUSSEX STUDENTS, UNION (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 JUL Y2023
2.3 Income Icontlnuedl
On receipt, donated professional services and faolities are recognised on the basis of the Val￿ of the gift to the
Uni¢)n which is the amount it would have been willing to pay to obtain services or facilities of equivalent
economic benefit on the open market- a corresponding amount is then recoÈnised in expenditure in the period
of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant Is recognised at
the time of the donation. Income tax recoverable in relation to investment income 15 rec¢Jgni5ed atthe tirne the
investment income is receivable.
Other income is recognised in the peri￿1 which it 15 re￿1¥able and to the extent the goods have been provided
or on ¢omplety'on of the service.
2.4 Expenditure
Expenditure is recognised once there is a legal cy construrtive cl>ligation to transfer economic benefft to a third
party, it is probably that a transfer of economic benefrts will be required in settlement and the amount of the
obli8ation ran be measured reliably. Expenditure is clas&fied by 3th￿ty. The costs of each artivity are made up of
the totsl of dirert costs and shared costs. induding supwt Costs irn)￿d in LM)dertakin8 each activity. tlrect Costs
attributable to a single activity are allocated direct￿ to that actNty. Shared costs whith contribute to more than
one activity and suppcrt Costs which a￿ not attributsble to a single artTrJity are apporboned befvleen those
activittes on a ba&sconsistentwththe use of resourtès. Central staff costs are allocated on the basis of timespend.
and depreciation charges allocated on the portion of asseV5 use.
Expenditureon raisingfunds includes allexpenditure incurred bytheGroup to raisefundsfor itscharitable purposes
and included costs of all fvndrai5ing artNities events and non<haritsble trading.
Exwnditure on charitsble activf(ies is incurred on dreCt￿ undertaking the actNib"es whith further the Groups
objecty"ve5, a5 well as anya550Ciated support costs.
l expenditure is indvswe of irrecoverable VAT.
2.5 Intfftst rtceivable
Interest on fund5 hdd on deposr( is irKluded when receiv3￿¢ aNI the amount can be measured reliabfy by the
Group.. this is nom)ally upm nobficati￿ of the interest paid ty payable by the institution with whom the funds
are deposited.
2.6 Tanglble fixed assets and deprttiation
Tangible fixed assets costing £5￿ or more are cawtalised and reccygnised when future economi¢ benefits are
probable and the cost or value of the asset can be measured reliably.
Tan8ible fixed assets are initially reci%ni5ed atcost. After reccffnition. underthe cost mcdel, tsngible ffixed assets
are rnea5ured at cost less accumulated depreciation and any accumulated impairment1055es. All c05t5 incurred
to bring a tangible asset into its intended workrngcondition sh(wld be included in the measurement of cost.
At each reporting date the Uni¢J) assesseswhetherthere is any indication of impaimienL If5￿h indication exists.
the recoverable amount of thè assÈt is detemiined to bè the h￿h*r of tts fairvalue less costs to sell and its value
in use. An impairment105S 15 recoanised where the carryin8 amount exceeds the recoveoble amount.
25

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BYGUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
ACCOUNTING POUCIES (contihued)
2.6 Tanglble fixed and depreciation Iclxrtinuedl
Depreciation is charged $0 as to allc*ate the c(Y5t of tar8ible fixed assets less their residual value over their
estimated useful lives, using the straight-line method.
Depreciation is prrNided on the following bass:
Fixtures and fitbngs
Office equipment
Computer equipment
ieties and clubs equipment
20-33% straight line
2(V33% straight line
21>33% straight line
20-33% Straight line
2.7 In￿lments
Fixed asset investments are •fom) of financial instrumentand are initialty recognised at their transartion c05t and
subsequently measured at fair value at the Balance Sheet date. unless the value cannot be measured ￿liablY in
which case it Is measured at cost less impairment. Investment gains and losses. whether realised or unrealised,
are combined and presented as 'GainsllL055esl on imie5tments' in the Cortsolidated Statement of Financial
Attwities.
Invesiments In subsidiaries are valLEed at cost less provision for impairmenL
2.8 Stocks
Stocks are valued at the lowerof cost and net reali5able value aftèr making due allowance for obsolete and slow-
moving stocks. Cost included all direci costs and an apprOPr￿te proportion of fvAed and variable overheads.
2.9 Debtor5
Trade and other debtors are ￿0@niSed atthe settlement 3moJnt after anytrade discount offered. Prepayments
are valued at the amount prepaid net of any trade di5c(wnts due.
2.10 Cash at bank and In hand
Cash at bank and in hand indude cash and shcrt-term highly liquid inve5trnents with a short maturtty of three
months or less from the date of acquisition or openingof the deposit or similar account.
2.11 Uabilitle5 and provlslM5
Liabilitie5 are recognised when there 15 an obligation at the Balance Sheet date as a result of a past event. it is
probable that a transfer of economic benefit wll be required in setdernent, and the amount of the settlement can
be estimated reltabty.
abilities are reccenised at the amount that the Union anticipate5 it will pay to Sett￿ the dèbt or the amount it
has re￿ived as advanced payments for the goods orseryices it must provide.
Provision5 are measured at the best estimate of the am¢>unts required to sethe the obligation. Where the effert
of the time value of money ￿ material, the provision 15 based on the present value of those amounts. disc¢)unted
at the pre-tax discount rate that reflects the risks specrfic to the liability. The unwsnding of the discount 45
recognised in the Consolidated Ststement of Finanaal Activitiès as a finance cost.
26

UNIVERSITY OF SUSSEX STUDENTS, UNION (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENT5 ICONTINUED)
FOR THE YEAR EAIDED 31 JUL Y2023
2 ACCOUNTING POUCIES lcontlnwti
2.12 FTrnancial instruments
The Group onty has finanoal assets and finanoal liabilities of a knnd that qualify as basic finaftual instruments.
Basit financial instruments are initi.ally recwised at tr•nsathn value and svbsequendy rnea5u￿d at their
settlement value with the e¥ception of bank loans which are 5ubsequentty measU￿d at amcrtised c05t using the
effertive interest method.
2.13 Operatlng leases
Rentals paid under operating leases are charged to the Consolidated Statement of Financial Activities on a
straight line basis over the lease term.
2.14 Penslons
The Group operates a defined contribution pension scheme and the pension charge represents the amounts
payable bythe Group tothe fund in respectof the year.
2.15 Fund accounting
General funds are unrestrirted funds which are ava41able for use at the discretion of the Trustee5 in furtherance of
thè general objertive5 of the Group and whith have not been de%￿nated for other purposes.
Restrirted fund5 are funds whith are to be used in accordan¢e with specific restrictions imposed by donor5 Qr
whi¢h have been raised by the Group for partycular purp05es. The costs of raising and administering such funds
are ¢har8ed a8ainst Such funds are tharged •inst the spÈtific fwd. The aim and use of ea¢h restrirted fund is
set in the notes to the fin•noal statemen
INCOME FROM CHARITABLE Acf1v￿E5
D*signated
funds
2023
Total funds
Total
funds
2022
funds
2023
fund5
io
2023
University Brant-general
funds
Urtiver5ity- other funding
Other grant income
Auwities, clubs and
societies
Membership fees
1.234,IXJO
1,234JXX>
1,234,
ZOZ.856
ZOZ,856
238,432
155,856
9,530
238,432
2,628
163.228
316,426
42.285
1,481.769
1,421.646
42.285
1,883,429
1,598.283
38,327
1,598,283
163.228
176.637
238,432
Total 2022
27

UNIVERSITY OF SUSSEX STUDENTS, UNION {UMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
OTHER TRADING ACTNMES
Unrestrirted
fvnds
2023
Designated
fvnds
2023
RestThcted
lunds
2023
Total
l￿d$
2023
Total
funds
2022
University- accommodati￿.
utilities and cleaning
Other grant income
Catering and lettin85
management charges
Other income
Sales and operating income
Publications and advertising
786.1K)O
786.000
786,OC(I
12,618
835.834
9x1322
990.322
70.157
2A75.429
120.805
4.442.713
3,816.800
70,157
2A75.429
120.805
4A42.713
3,829,418
50.416
2,053,842
90,708
3,829,418
Total 2022
12,618
INVEsrmETr￿ INCOME
Unrestrirted
fur
2023
De￿gnated
funds
2023
Restrfrted
funds
2023
Total
funds
2023
Total
funds
2022
Invesknent income
2.663
2,663
91
ANALYSIS OF EXPENDITURE ON CHARITABLE AcrvmES BY FUND
Unrestrirted Ileslgnated
funds
funds
2023
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Representation and dem¢xra¢y
(Note 71
Publications INote 81
Artivities, clubs and societies
(Note 91
Governance costs INote 101
840.028
30J83
870.411
824,653
340A03
IW,841
540,403
1.686.435
331.414
1,638,870
171.430
11.164
82.400
2.766.672
2,616,738
191.293
232,840
6.618
273,693
3.170,942
2.825.572
30,635
2.825,572
159,964
202.216
Totsl 2022
28

UNIVERSITY OF SUSSEX STUDENTS. UNION {UMITED BYGUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
EXpEN￿￿RE ON CHARITABLE ACTivmES
Unrestrirted Deslgnatsd
funds
hinds
2023
Restrfrted
lunds
Totsl
lunds
2023
Total
funds
2022
Representatlon and
democracy
Permanent staff costs
Sabbatical officers
NUS affiliation
Campaigns and conference5
Support costs
18OJ67
149.766
24.680
16,*1
467.814
840.028
818,035
180.867
149.766
24.680
47,Z84
467.814
870.411
824.653
164,659
149,171
24.000
22,697
464.126
824.653
30,333
6.618
Total 2022
EXPENDITURE ON CHARITABLE Acf4VITIES ICOIfflNUEDI
Unrestrirted
Deslgnatell
funds
funds
2023
2023
Restrfrted
Total
funds
2023
Total
funds
2022
Publications
Permanent staff c05ts
Administrative ¢osts
Student rnedia
Union marketing
Web51te
Support costs
60.551
291
23,6ZI
5,911
34,953
215.076
340.403
331.414
60.551
291
23,621
5.911
34.953
215.076
340,403
331.414
72.415
121
10,234
5,131
30,132
213,381
331.414
Total 2022
EXPENDifuRE ON CHARifA8LE AcllviTIES (CONnNUED)
Unrestrlcted
funds
tlesl817ated Restrfrted
funds
funds
2023
Total
funds
2023
Total
fund5
2022
Acriv￿1Es. CLU85 AND SIKifiES
Permanent staff costs
Administration
Entertainments. expenditure
& events
Fresher5 week events
Sports ¢lub expenditure
Sports dub funding
Club and society expenditure
Club and society fundrai5in8
BUSA and regional affiliation
Support costs
104.490
1.771
104.490
1,771
23,253
iii.lsi
2.472
31.138
98.181
627
177.9n
2a1
94181
11,791
177,973
231
171.430
15,807
1.081.508
1.686,435
1,638,870
91,841
11,859
101.734
413
202,216
13.064
1.072.982
1,638.870
11,164
171A30
15.807
IMI.508
1.515,307
1.436,654
171.430
202,216
11.164
Total 2022
29

UNIVERSITY OF SUSSEX STUDENTS. UNION (UMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
10 EXPENDITURE ON CHARITABLE A￿1v￿Es ICONfiNUED)
Unrestrlrted
Designated
lunds
funds
2023
2023
Restrlrted
fund5
2023
Total
funds
2023
Total
fvnds
2022
G(wernance costs
Audit and accountsncy
Consultancy services
Professional services
Support ¢osts
8.3CO
21,959
376
73.887
73.887
13
191.293
273,693
30.63S
191.293
191.293
814ts)
30.635
30.635
Total 2022
11 AUDITOR'S REMUNERATION
Totsl
2023
Total
2022
Fees payable to the Union's current auditor for the audit
14.500
14,250
12 STAFF COSTS
Group
2023
Group
2022
Unlon
2023
Unlon
2022
Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes
147S
156A59
2.172,896
135.187
1.287AZ2
105.671
1.106.330
93,503
4&Ui
62,164
29,235
43.826
2.680,280
2.370.247
1.422.328
1.243.659
The average number of person5 employed by the Unim duringthe year was as follows..
Group
2023
No
35
io
45
Group
2022
No
38
12
50
Union
2023
Union
2022
No
38
University of Sussex Students, Union
University of Sussex Students Union Trading Ltd
38
38
38
The number of employees, whole benefits le¥duding empl¢)yer pension costs) exceeded £60.(m was..
Group
2022
Group
2021
No
In the barhd £70,￿l- £80,(
All key mana8ement personnel for the year are the Trustees. CEO (from February 20231, Interim CEO, Deputy CEO.
Director of Digital Engagement, Head of Finance, Head of Central Support and Interim Head of Commercial
Operations. The aggregate remuneration of key management personnel was £490,09612022.. £427,652).
30

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BYGUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
13 TANGIBLE FIXEDASSETS
Freehold
Office
Comwter
Equipment
Total
Group
Fittings
Equipment
Cost or Valuation
At l August 2022
Additions
464,540
12.590
174.8921
402238
154,552
4.838
19.2241
150.166
87,351
8,346
112.0711
83.626
706.443
25,774
196.1871
636.030
Disposals
At 31 July 2023
Dépreciation
At l August 2022
Charge for the year
Disposals
Al 31 July 2023
359.693
114.309
73.421
547,423
63.727
196.1871
514.963
42,469
174.8921
327270
13.830
19,2241
118.915
7.428
112,0711
6&778
Net book value
At 31 July 2023
At311uly2022
74,968
31.251
14.848
121.067
104,487
40,243
13,930
159,020
Freehold
Offite
Computer
EquSpment
Total
Unlon
Flttirys
Equlpment
Cost or Valuatlon
At l August 2022
Additions
119.129
15,453
1.385
11.8981
14,940
87,351
8.346
112.0711
83.626
221.933
9,731
137.6881
193,976
Disp05als
At 31 July 2023
123.7191
95.410
Depreclatlon
At l August 2022
Disposals
Charge for the year
At 31 July 2023
111,016
123.7191
3.780
91.077
14,701
11,8981
442
73,421
112,0711
7.428
199.138
137.688)
11,650
173,100
13,245
6&778
Net bookvalue
At 31 July 2023
At 31 July 2022
4333
1.695
14.848
20.876
8,113
752
13,930
22.795
31

UNIVERSITY OF SUSSEX STUDENTS. UNION (UMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
14 FIXED ASSEr It4VESMENTS
Investments
In
subsidiary
companv
Unlon
Cost w valuatlon
At l August 2022
At 31 July 2023
Net book ¥alue
At 31 July 2023
At 31 July 2022
15 sfocKS
Group
2023
Group
2022
Finished goods and goods for sale
93,120
67.766
16 DEBTORS
Group
2023
Unlon
2022
2023
2022
Due wlthSn one year
Trade debtors
67.231
50.831
53,942
9,773
143,717
28.273
16.598
Amounts owed by group undertakings
Other debtors
139.532
9,7(X)
56,791
259,965
39.454
29.535
Prepayments and accrued income
71897
163.637
119,820
198,361
17 CREDITOR5: AmoUTr￿s FAWNG DUE WITHIN ONE YEAR
Grnup
2023
Union
2022
2023
2022
Bank loan and overdrafts
io.(
10.000
Trade creditors
100.182
70,833
23,041
199,227
403.283
101,107
61,899
18,320
160.808
18.022
35.178
7,962
55,043
22.908
21,224
6,252
40,122
90,506
Other taxation and social security
Other creditors
Accruals and deferred income
352.134
116.205
32

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
18 CREDtTOR5: AMOUNTS FALLING DUE AFfER ONE YEAR
Group
2023
Unk¥n
2022
2022
Bank loan and ovefdraft5
28.333
38.333
28.333
38.333
The loan rs a Coronavirus Bounce Back Loan. The loan is repayable in equal instalments over 60 months. The
loan is interest free for the first twelve months.
19 STATEMENT OF FUNOS
Bal•¢e at
IAUD
2022
Kome Expenditure
Transfers
Balan¢e at
31 July
2023
Unrestri¢ted funds
General funds
517.394
517.394
5.927.145 I6.021.5￿>
5.927.145 16.021.560)
422,979
422.979
Des18nated fvnds
Clubs & Societies
167,720
167.720
163.228
163.228
1171.4301
1171.4301
159,518
159.518
Restrlcted funds
University Brant
Sussex fund (Alumnil
Community social fund
Role models
Sport projerts
Good nighi owls
BAME ambassador
Interim strurture
IT licences
Ambulance ¢(wer
Real Living Wage
5,693
25.267
626
9.820
476
1.351
24,332
5,693
25.267
626
476
17.576
10,259
21
10,691
21.(￿)
15.6191
124.7641
127.OWI
11.164
164,293
238,432
{11.1641
1164,2931
1232.8401
73,565
79.157
Totsl funds
758.679
6328.WJ5 (6.425UI)
661.654
33

UNIVERSITY OF SUSSEX STUDENTS, UNION (UMITED BYGUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
19 STATEMENT OF FUNOS (COPfflNUED)
Staternent of lunds prloryear
Balance at
l August
2021
Incoffle Expendlture
Transfers
Balance at
31Ju
2022
Unrestricted funds
General funds
578.525
578,525
3.S44.390 13.408.341)
3,544,390
3,408.341
714.574
714.574
Restrirted furKIs
University grant
Sv55ex fund (Alvmnil
Community sooal fund
Role rnodels
Sport projects
Good night owls
BAME ambassador
Resilience skills
Job retention scheme
5.693
25.267
626
9.820
476
1.351
4.877
5,693
25.267
626
9.820
476
1,351
24.332
51.800
9.600
78,390
139.790
132.3451
19.6001
178,3901
1120.3351
48.110
67,565
Total funds
626,635
3,684.180 {3,528,676)
782,139
The Sussex Fund (Alumni) provides the Student Union with funding to support projects that enhance the
student experience.
Role Mode15 the Union receives funding for expert5es and for I ￿ 2 stsff members to run the Role Models
programme. The programme is a peer mentoring scheme within local schools. where out university students
run workshops for their young students on Mental Health and Wellbein8.
The Communlty Sodal Fund was again a proposal for a number of different student society projects. almost all
of whi¢h were completed in the year.
Sports Projett IRFUI is to deliver Social and recreational rugby sessions on campus that appeal to, and engage,
new partiopants. and those returnin8 to the sport.
Good Night Owlsto train and support Student volunteers to 80 1)ut late at night in Brighton to help students in
trouble while out on the town.
BAME AmbassadorlRa¢e equity to gather feedback frcth BAME students on how lifelstudent experience can
be improved for BAME students on campus.
Resilience Skills (Lottery fwKI) is for resilience skills traini￿ to be delivered to Sussex Student Union Staff.
34

UNIVERSITY OF SUSSEX STUDENTS, UNION (LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUIY2023
20 ANALYSS OF NEfASSEfs BETWEEN FUNDS
Analysis of net assets between funds- current peTi¢)J
Unrestricted
fund5
2023
Designated
fund5
2023
Restrirted
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after one year
I21￿67
733,528
1403.283)
128.333
422.979
121,067
972.203
1403.2831
128.3331
661.654
159.518
79.157
159,518
79.157
Analysis of net assets betsveen funds-
prior period
Unrestricted
lunds
2022
Designated
funds
2022
Restricted
funds
2022
Total
fund5
2022
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due after one year
159,020
748.841
(351.1341
138.3331
517,394
159,020
990.126
1352.1341
138.3331
758,679
167.720
73.565
167,720
73,565
21 RECONCILIATION OF NEf MOVEMENT IN FUNDSTO 14ET CASH Flow FROM OPERATING A￿1v￿lEs
Group
2022
Group
2021
Net incomelexpenditure for the period las per SOFA)
(97.0251
155.504
Adjustments for.
Depreciation charges
Loss on disposal of fixed assets
Oecrease / lincreasel in stocks
Oecrease I lincreasel in debtors
IDe¢reasel l in¢fease in Creditors
et cash provided byllused In) operatlng artlvltles
63,727
64,578
(25.3541
(43,8171
41.149
(61.3191
15.247
73,607
4,7341
304.202
22 ANALYSIS OF CASH AND CASH EQUIVALENTS
Group
2023
Group
2022
Cash in hand
715.447
802,540
Total cash and cash eqwvalents
715A47
802,540
35

UNIVERSITY OF SUSSEX STUDENTS, UNION IUMITED BY GUARANTEE)
NOTES TO THE FINANCIAL 5TATEMErirs {CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
23 ANALYSIS OF CHANGES IN NET DEBT
At l August
2022
Cash
flow5
At 31 July
2023
Cash at bank and in hand
Debt due within one year
Debt due after one year
802.540
{lo.i￿)
{38333)
754.207
(87,0931
715.447
(lo.￿0)
128.3331
677.114
10,00
177m31
PENSION COTrITRIBUTIONS
The group operates a combined pension scheme. The assets of the scheme are held separately from those of
the group in an independently adminittered fund. The pension cost charge represents contributions payable by
the group to the fund and amounted to £35.37112022.. £62.1641. Contributions totslling £9.31012022 '. £7,581)
were payable to the fund at the balance sheet date and are included in creditors.
25 OPERATING LEASE COMMITMENT5
At 31 July 2023 the Group and the Union had commiknents to make future minimum lease payments under
ntsn-cancellable operating leasès as follows-.
Group
2023
Union
2022
2023
2022
Not later than l year
25.876
38,814
25.876
38.814
26 RELATED PAIITY TRANSACTIONS
One or more trv5tees have been paid remuneration or received other benefits from an employment with the
charity. These staff members onlyreceNe remuneration in respect of servicesthey provide undertheir contract5
of employment. No trusiee received any ￿1MbUr$ementS for expenditure12022". Nil). The valve of trustees,
remuneration and other benefits was as follows=
2023
2022
C Moylett
P Palmano
A O'connor
N Bajwa
Cung
Y James
R Linehan
23.292
25,636
23.280
23,243
26.953
763
1.014
1,014
1.014
1,014
1.014
1,014
24,336
23.664
23.747
24.841
21791
24.462
1025
1,871
2.025
149.762
N Cornell
A Williams
N Tickner
LPem
R Kunisue
M Murray
N Bahl
S Jack50n
129.251
36

UNIVERSITY OF SUSSEX STUDENTS. UNION (UMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2023
27 copifROLLING PARri
The charitable company 15 controlled by the Board of Trnstees. who are also directors under company law.
28 PRINCIPAL SUB5101ARIES
The following was a subsidiary undertaknng of the Union
Name
Compary Relis￿red office of prfndpal
Number
place of business
02146582 Falmer House. UnNersity of
Sussex, Brighton, BNI 9QF
Prfndpal acllv5ty
University of Sussex Students. Unton
Trading knmited
Trading Activitles
Class of shares
Ordinary
Holdin
Indudd in ¢rywlidation
Yes
The finandal results of the subsidiary for the year were-
Name
In¢omt
Expendituwe P4et assets
University of Sussex Students. Union Tfadirvd Limited
3,303.360
3.261.024
69,316
37