2024-07-31-accounts

Charity Registration No: 1147786 Company Registration No: 08092471 (England & Wales)

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED REPORTS AND

CONSOLIDATED FINANCIAL STATEMENTS

st FOR THE YEAR ENDED 31 JULY 2024

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

CONTENTS

CONTENTS	Page
Legal and Administrative Information	1
Trustees’ Annual Report	3
Statement of Trustees’ Responsibilities	15
Independent Auditors’ Report	16
Consolidated Statement of Financial Activities	19
Consolidated and Union Balance Sheets	20
Consolidated Cash Flow Statement	21
Notes to the Accounts	22
Appendix	(i) - (xvii)

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31[st ] JULY 2024

The Trustees present their report and the financial statements of Queen Mary, University of London Students’ Union for the year ended 31st July 2024 (the reporting year).

1. Legal and Administrative Information

Charitable status

Queen Mary University of London Students’ Union Limited, also known as QMSU (the Union), is a charitable company, company number 8092471 and charity registration number 1147786.

Registered Office

Students’ Union Hub, 329 Mile End Road, London, E1 4NT

Charity Trustees

The Trustees of the Union who hold office at the date of this Report, who are also directors of the Union for the purposes of the company law, are as follows:

Tahmid Khan, Students’ Union President (Chair) Officer Trustees (from 01/08/24 unless otherwise stated): Nabihah Ali, Vice President Welfare Jovani Palnoni, Vice President HSS Al-Habib Mraish, Vice President S&E Hassam Naeem, Vice President Liberation, International and Postgraduates Rahma Hegy, VP Barts and The London Student Trustees Azzah Abubacar Matthew Beach (resigned January 2025) (from 01/08/24 unless otherwise stated): Muharram Bin Tariq Maeidul Khondker Eshwinder Singh Harshvardhan Singh Lay Trustees: Marcin Pisanski Dominique Gracia Hiba Khan (resigned 31 December 2024) Oscar Tang Chris Weavers Anneka Kapadia (resigned 1 Nov 2024)

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31[st ] JULY 2024

The following also held office during the reporting year, as Trustees of the Union, in the capacities shown, and as directors for the purposes of company law:

Officer Trustees:	Serena-Amani Al Jabbar, Union President and Chair of Trustees
(from 01/08/23 to 31/07/24)	Amaan Abbas, Vice President Barts and The London
	Matthew Beach, Vice President Communities
	Jovani Palnoni, Vice President HSS
	Aisha Qadi, Vice President S&E
	Tahmid Khan, Vice President Welfare
Student Trustees	Rahma Hegy
(from 01/08/23 to 31/07/24	Aayush Jain (appointed 21/11/23)
unless otherwise stated):	Ahmed Mohamed
	Liam Nicholson
	Eshwinder Singh
	Harshvardhan Singh (appointed 15/12/23)
External Trustees
	Dominique Gracia
	Anneka Kapadia
	Hiba Khan - Deputy Chair of Trustees
	Marcin Pisanski
	Oscar Tang
	Chris Weavers
Chief Executive	Mike Wojcik
Company Secretary	Brad Coales
Auditors	TC Group
	The Courtyard,
	Shoreham Road
	Upper Beeding, Steyning
	West Sussex, BN44 3TN
Solicitors	Russell-Cooke
	2 Putney Hill
	London SW15 6AB
Bankers	Barclays Bank plc
	240 Whitechapel Road
	London E1 1BJ

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

2. Structure, Governance and Management

2.1. Governing documents

The Students’ Union operates as a charitable company, with Articles of Association (the Articles) as its governing document, together with bye-laws made under the Articles.

2.2. Recruitment and training of Trustees

Trustees are appointed in accordance with the Articles and relevant bye-laws. The Articles provide for the appointment of up to six Officer Trustees and six Student Trustees, to be elected by secret ballot in accordance with Union Bye-laws, and for the appointment of up to six External Trustees by an Appointments Committee.

Officer Trustees and Student Trustees receive an induction in the role, responsibilities and duties of Trustees. Officer Trustees also receive an induction and extensive specialist training on their roles as full- time Students’ Union officers, delivered both internally and by external organisations, such as the National Union of Students. External Trustees receive inductions and briefings as required.

2.3. Organisational structure and decision-making

Under the Articles, the Board of Trustees is responsible for the management and administration of the Students’ Union, including its governance, budget and strategy. The Board has power to overrule any decision or policy of the members made in general meeting, in referenda or at Student Council, where it is considered there are financial implications, a breach of legal requirements, a contravention of the Students’ Union’s aims and objects or the carrying out of the Board’s responsibilities as above are affected. In the reporting year, the Board of Trustees had five meetings.

The Trustees have power to delegate their functions to committees or individuals. There are two standing committees, as provided for in the Articles, which are responsible for the functions set out in the relevant Students’ Union Bye-Laws or Terms of Reference. These are the Executive Committee, comprising the Officer Trustees (also known as Executive Officers) and the Audit and Risk Committee. The powers of these Committees do not, however, include any decision-making on behalf of the Board.

In the reporting year, the Executive Officers were responsible for the duties of their respective full-time offices as set out in Union’s Bye-Laws.

In the reporting year, the Executive Committee generally met at least once every two weeks during term time, and minutes of the meetings can be viewed on the QMSU website.

During the reporting period, the Board of Trustees met five times, and the Audit and Risk Committee met three times.

An Appointments Committee, as provided for in the Articles, convenes as and when required to fill vacant External Trustee posts.

Student Council, elected annually from and by the Union’s members and constituted in accordance with byelaws, has the powers set out in the Articles, including setting the representational and campaigning policy of the Union. Student Council met four times in the reporting year - three quorate and one inquorate meeting. Two Annual Members’ Meetings were held, the first on 27 November 2023 and the second on 12 July 2024.

Day-to-day management of the operation and administration of the Union is delegated by the Trustees to the Chief Executive. The Chief Executive reports to Trustees at each Board of Trustees’ meeting, and as necessary between meetings, and to Committees of the Board.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

2.4. Network - impacting on operating policies

The Union is affiliated to the National Union of Students (NUS) Charity. The policy, guidance and other information resources of the NUS have been considered in the operating policies of the Union.

2.5. Relationship with related parties

2.5.1 QMSU Services Limited

QMSU Services Limited is a wholly-owned subsidiary of the Union. It carries out significant trading activities in support of the Students’ Union’s work, including Qmotion Sport and Fitness Centre, Drapers Bar & Kitchen, the Griff Café Bar, Ground Café, and the retail outlets of Union Shop and the Village Shop. It also administers a number of activities at the QMUL sports ground in Chislehurst.

Our outlets are so much more than just shops, bars, cafés and a gym. These are important student-led spaces where students can come together to study, socialise, relax and have fun. They’re also home to many of our clubs and societies’ student-led events, activities and training sessions. We are a not-for-profit charity, and every penny we make goes straight back into improving students’ lives.

The Chief Executive of the Students’ Union is, ex-officio, a member of the Board of Directors of QMSU Services Limited and they are the company’s Managing Director. The Students’ Union President is also, ex-officio, a member of the Board. Another Officer Trustee and a Student Trustee, as nominated by the Board of Trustees, serve as Directors, along with the Commercial Services Officer and the VP Barts. There are three Independent Directors, and two Directors nominated by Queen Mary University of London.

Whilst the Students’ Union’s financial statements are prepared for each year on a consolidated basis, and include the income, expenditure, assets and liabilities of QMSU Services Limited, separate reports and financial statements for QMSU Services Limited for the reporting year, compliant with company law, can be viewed on the Students’ Union’s website.

2.5.2 Queen Mary University of London (QMUL)

The Students’ Union works closely with QMUL, both in partnership and joint working in their respective activities. The Students’ Union President is, ex-officio, a member of QMUL’s Council. The Students’ Union President, Vice President Barts and The London, Vice President Humanities and Social Sciences, and Vice President Science and Engineering are, ex-officio, members of QMUL’s Senate, and two representatives of QMUL are members of the Board of Directors of QMSU Services Limited.

QMUL provides an annual (Block) grant to the Students’ Union, which funds the Union’s core charitable activities, and other ad hoc grant funding.

QMUL also provides the premises from which the Students’ Union and QMSU Services Limited operate their respective services and activities. Those premises include the Students’ Union Hub, Union Shop, the Village Shop and Ground Café on the Mile End Campus, the Griff Inn Bar & Kitchen, the BLSA accommodation and facilities in the Garrod Building at the Whitechapel Campus, and, in Charterhouse Square. QMUL is responsible for agreed matters relating to the premises, including maintenance of the fabric of the buildings, plant and machinery, fixtures and fittings and payment of utility and insurance costs. The Qmotion Sport and Fitness Centre premises, and Drapers Bar & Kitchen are held by QMSU Services Limited under leases from QMUL.

QMUL also provides support services in several areas, including campus security and other campus provision, health and safety, human resources, insurance, buildings work project management, provision of ad hoc space and the hosting of the Students’ Union’s and QMSU Services Limited’s accounting records on its accounting systems.

The estimated value of the premises and of the support services provided by QMUL totalled £563,167 (2023: £546,764). That amount is included in the Consolidated Statement of Financial Activities as income as a grant, and as expenditure allocated to relevant charitable activities. The basis on which the value of the premises and support services has been estimated, and the basis on which the allocation as expenditure has been made, is

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

indicated in Note 2 (h) to the financial statements.

A Code of Practice is issued from time to time by QMUL’s Council under section 22 of the Education Act 1994. This sets out the agreed arrangements between QMUL and the Students’ Union in relation to Council’s statutory duty to take such steps that are reasonably practicable to ensure the Union operates in a fair and democratic manner, and is accountable for its finances.

A Memorandum of Agreement (MOA), sets out the framework for an ongoing mutually supportive and beneficial relationship between the University and the Students’ Union, detailing their respective roles and responsibilities. A MOA Panel has been established to monitor developments and agree any amendments and appended Partnership Agreements. The Panel membership consists of three members of QMUL, a member of College Council, and three members of the Students’ Union, including the President, an external member of the Board of Trustees or the Board of Directors of QMSU Services (as nominated by the Board of Trustees of the Union), and the Chief Executive. QMSU Services Limited is also party to the Memorandum of Agreement and, where relevant, to the arrangements entered into under it.

3. Objectives and Activities

3.1. The Students’ Union’s legal purposes

The legal purposes of the Students’ Union are set out in its Articles. These are, in summary, the advancement of education of students at QMUL for the public benefit by:

• promoting the interests and welfare of students at QMUL during their course of study and representing, supporting and advising students;

• being the recognised representative channel between students and QMUL and other external bodies; and

• providing social, cultural, sporting and recreational activities and forums for discussions and debate for the personal development of students.

3.2. The Students’ Union’s Strategic Plan 2030

The Students’ Unions Strategic Plan was completed during 2022-23 and launched in 2024. The Plan sets out the Students’ Union’s Mission, Vision and Values, with the vision underpinned by a number of Strategic Pillars.

Mission, Vision and Values

The Union’s mission is ‘We Listen. We Act. We improve students’ lives’ and its vision statement is: ‘ Our vision is for every student to feel they belong, in an environment where wellbeing, inclusion and community are at the core of everything we do. We will ensure every student is empowered to grow and thrive throughout their time at University and beyond into their future lives.’

The Union’s Values are to be Supportive, Inclusive, Student-Led, and Ethical.

Strategic Pillars

Our strategic pillars bring the work of the Students’ Union together and span across all that we do. They are evidence-based and have been created from the insights we have collected from our students, student representatives and staff. The strategic pillars are ambitious and highlight our priority areas, outlining what we will focus on and what our outcomes will be across all of our campuses over the coming years.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

The Strategic Pillars, as set out in the Strategic Plan, are:

Pillar
Pillar 1	We will build an authentic student voice: We listen, but there’s more to hear Currently, we rely heavily on student representatives to amplify student voices, often leading us to overlook individual nuances. This results in an incomplete understanding of the student experience and feelings of being unheard. We will empower students to have their say By introducing more diverse and contemporary feedback channels, we will make it easier for a wider range of students to have their say. Student insights will lead our decision-making
What success looks like	More students will give feedback at least once per academic year and, in return, will feel the Students’ Union listens to them.
Pillar 2	We will support meaningful connections: Establishing friendships can be challenging Despite the availability of social and recreational activities, the shift to hybrid learning and online lives has left students grappling with the challenge of forming genuine in-person friendships, leading to feelings of isolation. We will support meaningful connections Acknowledging that students now face unique challenges will see us taking a fresh perspective in helping them to meet new people and develop lasting friendships. We will remove the expectation on students to establish inclusive student communities alone by creating a wide-reaching, eclectic range of activities with strong guidance and support.
What success looks like	More students have opportunities to connect with other students and feel part of a student community.
Pillar 3	We will resonate with every student Not everyone feels seen, heard or informed We provide a fantastic range of opportunities and communications for our collective student body but often students can feel their individual needs are overlooked. Channelling personalised support can help, but we currently rely heavily on student leaders to offer this. We will make sure everyone feels acknowledged We’ll ensure every student feels valued as part of the Students’ Union, by identifying the most positive impacts we can have on individual experiences. We will build a stronger connection to each student community, by blending targeted
What success looks like	More students from a wider range of demographic groups engage with us and say their Students’ Union is relevant to them.
Pillar 4	We will prioritise students’ mental health There is a decline in mental wellbeing Irrespective of whether you’re reading data from national studies or analysing trending topics on social media, it’s starkly evident that the current student experience is one that can be filled with stress, anxiety and feeling overwhelmed.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

	We will contribute to positive mental health We will listen to students’ current challenges to offer an accessible and supportive experience continually adapting to their needs and positively impacting wellbeing. Working collaboratively with students and other partners, we will aim to create a community.
What success looks like	Fewer students say their main concern is feeling stressed or overwhelmed and more students say we have a positive impact on their wellbeing.

KPIs

The Strategic Pillars are underpinned by a series of Key Performance Indicators (KPIs) to enable us to measure our progress.

These were being benchmarked during the reporting year, and will form the basis of reporting to the Board of Trustees on the delivery of the Strategy, and will also feature in future Trustees’ Reports.

3.3. Volunteers

The Students’ Union benefits from a significant volunteer contribution in taking forward its work. During the reporting year, in addition to the voluntary contribution of six Student Trustees and six External Trustees, circa 50 volunteer part-time officers and student representatives served on Student Council. Circa 450 students also acted voluntarily as course representatives. Well over 2,000 students were actively involved in running, societies, sports clubs, student media outlets, and volunteering groups.

3.4. The public benefit context

In the planning of activities for the reporting year, the Board of Trustees considered the Charity Commission’s general guidance on public benefit. The Trustees consider it to be in the public benefit that the Students’ Union assists the educational aims of QMUL by supporting students, both in terms of their academic performance and in their welfare to enable them to fulfil their individual potential, as well as in terms of their wider life experiences, through their personal development, to enable them to contribute now and in the future to their communities and society as a whole.

4. Achievements and performance during the reporting year

Welcoming new students

Our Venues & Events team also worked with several schools to host social activity and welcome events across our spaces including offering food & drink, games and craft sessions and icebreaker activities. We also worked with the Residential Life team to deliver a series of online speed meeting events for all halls prior to Welcome Week. Over 500 students participated in these online activities prior to their arrival at university, helping them to meet their new flatmates and make connections prior to their arrival.

Over 120 students volunteered their time over Arrivals Weekend and Welcome Week to help welcome new students across our London campuses.

The Students’ Union worked in partnership with the university to deliver a successful Welcome Week programme. As well as the activity listed above, this included co-delivering several events such as the Wellbeing Fair and directly supporting other activity such as the Library Square Information Fair and chillout zone.

The Welcome Fair events at Mile End were a great success with over 10,000 students attending across the three days of Fairs. The event featured 250 stalls from our Student Groups, performance and demonstration areas, sporting activities, university services, an inflatable fun zone and several external organisations and charities. At Whitechapel, the event took place inside the BLSA Building.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

Employability

It is well recognised that participation across the range of opportunities and activities offered by the Students’ Union help students develop their skills and future employability. The Union continued its series of networking sessions and workshops which aim to help students better understand how their unique skills and experiences can impact their employability skills, and future in the workplace.

We had a total of 355 students register for the Skills Award programme over the course of the year (an increase from 261 in 2022/23), and this brought 431 individual attendances across the 42 Skills Award sessions in both semesters. This session total was comprised of 36 skills sessions where students developed transferable skills, as well as 6 reflection sessions where students are helped to recognise and present the skills they have developed in the Skills Award and other Students’ Union activities. Over 50 students achieved a gold skills award this year which will be included in their HEAR transcript.

The skills covered in the programme included soft skills such as Leadership, Time Management and Public Speaking, in addition to practical skills such as CV & Presentation Design and Interviewing with Impact. For semester 2, we also expanded our offering of Mental Health First Aid courses by arranging increased capacity in two full-day courses and adding a Suicide First Aid half-day course. These sessions were popular with participants as 43 individual attendances were recorded across the three courses.

During the year, the Union had circa 150 student staff working across our commercial outlets, sport and as interns across the organisation.

Governance, Democracy and Representation

This year the Students’ Union struggled with attendance at Student Council and its sub-committees, there was also a noticeable drop-off in engagement from both Council members and the wider student body. To address this, it was agreed by the Union’s Board of Trustees that a full review of the Union’s democratic structure would be undertaken, facilitated by external consultants.

Our Annual Student Meetings were again held online. Attendees asked questions and raised concerns with the Executive Officers, and presented motions for debate.

We continued to develop our representation structure for Malta-based students, supporting the part-time BLSA (Malta) Board that focuses upon the student experience in the University’s Malta Medical School.

The Students’ Union Course Rep Newsletter, Course Rep of the Month Scheme and Course Rep Microsoft Teams group continued this year. Respectively, these help to keep Reps up to date with projects and events, recognise and reward their hard work, and provide a space for Course Reps to communicate and ask questions. Over 60 Course Reps attended the Course Rep Forum that took place in April, with feedback being shared with the University.

Sport

The University and the Students’ Union have a new Joint Sports Strategy, with a Mission: ‘To engage, develop and unite through sport and physical activity.’ Its Vision is: To create an inspiring and inclusive environment where every student is empowered to grow and thrive through their sport and physical activity journey. And its Values are: Honest, Supportive, Inclusive, Ethical, and Collaborative.

The Strategy aims to:

Develop and Engage - creating a vibrant, supportive and inclusive sporting community to allow all to have ownership of their experience, engage in our programmes and achieve, whilst contributing significantly to our students’ and staff’s wellbeing.

Inspire and Empower - to increase the levels of participation within sport and activities across the whole of the University community, adapting and creating life-long sporting and well-being habits, and an empowering environment.

Retain and Sustain - to be embedded in our community and to create a lifelong affinity to QMUL Sport whilst investing in the sporting future at QMUL to develop a sustainable model for sport and our activities.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31[st ] JULY 2024

The Strategy has four pillars, each underpinned by KPIs by which delivery will be monitored:

Pillar 1 – Student Wellbeing and Success through sport - Enhance the student experience by promoting physical activity, well-being, and employability. KPIs: Increase the percentage of students meeting recommended physical activity levels to improve their physical and mental health. Enhance student wellbeing through increased sports participation and expanded support services. Develop employability skills among students by integrating professional development opportunities within sports programmes.

Pillar 2 – Inclusive and Diverse Sporting Community - Promote diversity and inclusion within our sports programmes. KPIs: Increase participation of underrepresented groups in sports programmes to foster a more inclusive sporting community. Enhance overall satisfaction with sports facilities, programmes, and services among all student groups. Expand targeted outreach initiatives to engage minority and underrepresented student populations in sports programmes.

Pillar 3 – Community Engagement and Impact - Strengthen community engagement and collaboration through sport. KPIs: Expand the number and quality of internal and external partnerships related to sports programmes. Increase participation and engagement across all sports programmes, with a particular focus on community involvement and inclusivity. Enhance the volunteer experience by increasing the number of opportunities for our students and volunteer hours contributed by sports programme participants.

Pillar 4 – Financial Sustainability and Operational Excellence - Ensure the financial sustainability and operational efficiency of our sports programmes. KPIs: Increase revenue generation from sports programmes, facilities, and grants. Optimise resource allocation to reduce operational costs while maintaining programme quality. Improve facility utilisation through effective scheduling and programming.

Qmotion offers a wide range of equipment, classes and fitness services in a welcoming and inclusive environment. Fully-qualified staff are on hand to help at all times, and we offer various flexible, affordable membership options.

September, saw a peak membership base of 2920, this demonstrates an increase of 46% when compared to the start of semester 1 2022/23. We have also seen an average weekly number of visits of 2953. Further to this, on average, 54% of our members visit the facility 4+ x per month which research shows is the amount of time recommended for users to achieve the physical, social and mental benefits from taking part in physical activity. We have also successfully continued the reintroduction of our group exercise and gym service programme with over 250 classes delivered and more than 100 personalised gym programme sessions and gym inductions.

Get Active is a part of our recreational sport programme, offering a timetable of weekly sporting activities that students, staff and alumni can get involved with for just £2.50 per session. We offer a range of sports such as Badminton, Volleyball, Fencing and Basketball lead by a mixture of our dedicated clubs and 5 new student staff members. In the first semester, Get Active has had over 600 engagements across its range of activities. The programme introduced 3 new sessions including Dance, Yoga and Meditation and supported Welcome Week and the October Open day by running free pop-up activities for students and visitors to take part in on campus. Get Active also supports the University by running pop-ups on campus for events and key University dates and this included supporting the Residential Services across Arrivals Weekend. Pop-ups were also run across the Welcome Fairs, with 418 students taking part across activities such as badminton, cornhole, touch tennis and table tennis.

One of our objectives this year was to encourage students and staff to look at exercise as a tool for their mental health as well as their physical health. In order to demonstrate this message, we ran an event for the first time using volunteers from a number of different departments across the Students’ Union and University to offer taster sessions for alternative activities. The event was run under the title of Spring Fest, and activities were hosted across the campus in Library Square, Godward Square, Geography Square, Drapers Lounge, Drapers Bar, the Sports Hall and Qmotion. The day of activities was advertised as a festival style event to encourage students and staff who would typically avoid sports activities to take part and included live music and a BBQ hosted by Drapers Bar and Kitchen. In total there were over 20 activities on the festival timetable including bowling, inflatable games, table tennis, pop up badminton, garden games, give it a go fencing, women’s only lifting workshop and nutritional lunchtime talk, men’s only mental health walk and talk, wii sports just dance, spike ball, free access to the gym and many more. As part of the event, we also launched the Balancing Life Survey to gather more information from students about their experience at university with sport and physical activity.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

Club Sport is the part of our sporting programme that manages Sports Clubs within the Students’ Union, and it represents the student-led, structured, mainly competitive side of sport. This year there were over 70 Sports Clubs, with a collective membership of circa 3,000.

We have grown our focus team programme this year and are pleased to be supporting five clubs. QMBL Vipers are returning to the programme and will be joined by QMBL Women’s Fencing, BL Netball, BL Women’s Hockey and QMBL Water Polo. The focus team programme has been created to support teams who have clear performance ambitions within their competitions. Focus teams and their players will benefit from a support network to help them achieve their performance goals including access to performance development workshops, opportunity for Strength & Conditioning support, additional staff support on BUCS entries, admin, and travel arrangements, extra publicity around the team e.g. social media and dedicated webpage.

The Community Foundation is our programme that aims to support students in developing skills and employability through sport whilst providing a benefit to young people in the wider community through increased access to sports opportunities. Two of the main objectives for this programme are: to support the development of QMUL students as sport leaders and increase participation in sport within the local community. We aim to have a positive impact on the local community by providing a sense of social cohesion for all involved. The programme also prepares our students for life beyond QMUL, allowing them to develop in a wide variety of life and employability skills through a breadth of training and personal development opportunities that are offered.

The Community Foundation purpose was reviewed, and towards the end of the year the decision taken to rebrand as the Sports Employability Academy, it’s aims:

• Building off the Leadership Academy

• Professionally upskill students

• Achieve a higher success rate for post-graduation employment

• Open paid opportunities whilst studying

• Develop transferable skills

• Connect Students to the local community

• Increase QM’s presence within the local community

• Improve student experience

• • Increased quality of coaching within Club Sport

Social Leagues are our intramural leagues which have been developed within our recreational sport programme which are offered to help meet the needs of all levels of participation within our institution. These leagues are the perfect way to enjoy competitive sport and make new friends right here on campus whilst participating in sport and physical activity. These leagues are open to all Queen Mary students, staff and alumni, with teams usually entered representing halls, academic subjects, sports clubs, societies or groups of friends. We offer friendly intermural competitive sport across 7-a-side Football, 11-a-side Football, Basketball, Cricket, and Netball. In just the first semester, the Social Leagues programme engaged 405 students in its weekly leagues. The programme hired 7 new student staff members as officials and also an intern to provide administrative support. 4 out of the 6 leagues sold out.

The Talented Athlete Programme provides QMUL students who perform in sport to an elite level the opportunity to take their training to the next level whist taking away some of the barriers athletes of this level may face whilst studying for a degree. The athletes are provided with access to the gym facilities, a tailored strength and conditioning programme, 1-2-1 coaching and mentoring from our highly qualified gym team, with BUCS entries and kit also provided. QMUL has recently become part of the TASS Dual Career Accreditation Scheme which recognises an education institution’s commitment to dual career support for talented athletes who are in full time education. This scheme acknowledges that we have an enhanced level of academic flexibility and understanding, that allows our talented athletes to balance their studies with a hectic sporting schedule.

The This Girl Can campaign was run by our sports department in November. During this week our clubs opened up their training sessions for any women that waned to take part and try a sport for free. Get Active also offered two women-only sessions in Badminton and Basketball. The week finished with a women's takeover of Qmotion, which involves the gym opening after hours for women only to use all the facilities.

The Sports Awards took place in April, and 103 Club Sport members purchased tickets to attend the event

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

held in the Old Library. It was a great opportunity to bring Club Sport together to celebrate the hard work and achievements of our individuals, teams and clubs. Engagement with the Awards extends beyond the attendance on the evening. We received 393 nominations (109 more than in 2023).

Student Societies

The Union welcomed 51 new student groups this year bringing our total amount to 293 groups across our Mile End, Whitechapel and Malta Campuses.

Student charity fundraising was at a record high again this year, with Student Groups holding many different activities and stalls this year to fundraise, ranging from a Drag Extravaganza to a charity fashion show to a charity hockey tournament. 84 fundraisers took place, delivered by different Student Groups, who adopted 65 different charities through adopt a charity this year. As a result, our Societies, Sports Clubs and other Student Group areas raised £74,572 across the year.

Our annual Society and Student Media Awards ceremony took place in March, and was a huge success in the newly refurbished Old Library with over 140 student leaders from our broad range of student groups attending. There were incredible applications for both our group awards and our trophy awards. Overall, we had 26 trophy award nominations and 170 group and individual award nominations.

Sustainability

The Union continued to engage students in our sustainability decisions through the Sustainability Board and volunteering opportunities.

Our Re-Use scheme continued to run, and the Reuse Fair was a great success. This year we included ticketed timeslots, a token system for individuals to trade for items, and dedicated student staff helping with the running of the event (funded by the University’s Sustainability team). We diverted 1.4 tons of items from landfill and 427 happy students attended.

The Union continued to explore ways to reduce single use plastic including introduction of our new coffee cup recycling stations this year.

Over 700 meals were saved from waste through our Too Good To Go partnership.

The Union participated in Climate Action Week in Feb, with students and staff taking part in 15 events including canal cleaning, darning workshops, and bike sales.

Volunteering

The Volunteering Service had a busy year, offering 6 different Give Volunteering a Go days, supporting 8 active Volunteering Groups and providing a huge variety of Brokerage opportunities. There were 7,809 current students on the volunteering system as active volunteers. The Brokerage service had 189 active charities and offering volunteering opportunities across a variety of sectors. 281 students submitted hours towards a Volunteering Award.

Our Volunteering Fair took place in October, with 41 Community Organisations attending, alongside our Volunteering Groups and Departmental stalls.

In April, 49 Queen Mary’s students volunteered at the London Marathon.

The Volunteering Awards took place in March, celebrating the three strands of our volunteering service. This ceremony is a smaller and more intimate event than some of our others, and attendance was high with 55 people joining, including student volunteers, members of volunteering groups, and organisations from Give Volunteering a Go and the Community Volunteering Service. It was a great evening hearing student volunteer’s stories, alongside the opportunities that organisations have on offer. Across the evening 4 group/organisational awards, 8 individual awards and 2 trophy awards were presented.

Welfare, Wellbeing and Community

We are proud to have partnered with the Queen Mary Advice and Counselling service to support the delivery of a pilot exercise referral programme for students who present with mild to moderate anxiety and/or depression. This scheme provides referred students free access to Qmotion Sport & Fitness Centre,

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

timetabled exercise classes and Get Active sessions for 12 weeks. In addition to this, students will receive three 1-1 sessions with an exercise referral specialist to discuss lifestyle, formulate health goals and evaluate progress. Following completion of the programme students will have the opportunity to receive a discounted membership to Qmotion.

The Union was able to expand the QMSU Food Pantry service, having secure sustainable funding for the programme from the University to construct a new space and stock the Food Pantry in the long term. The new space quadrupled the storage capacity available.

Throughout the year, we provided regular and timely feedback on students’ education issues at a school, faculty and university-wide level.

The Union continues working to increase representation and engagement infrastructure for postgraduate research (PGR) students. This year we were awarded an Enhancing Research and Innovation Cultures Fund to pilot a PGR Marketing and Communication Assistant student-staff role, alongside an events budget.

The Union’s Graduation Fund provides funding to Queen Mary graduates to help them cover the cost of renting their cap and gown for their graduation, thereby removing financial barriers for participation in their graduation ceremony. Applications for ceremonies to be held in July 2024 were processed and reviewed in early May 2024. There were 351 applicants, of which 295 were approved.

This was the final application round as part of a three-year funding agreement with the Alumni Fund - providing £10,000 per annum. Data collected over the past three years demonstrates the clear need for the continuation of such a fund for all students, but especially for students of a lower socio-economic background.

Our Study Well exam-support programme continued in 2022-23, with a range of activities designed to promote wellbeing and combat exam stress, at both Mile End and Whitechapel campuses. This is a long-running joint initiative by the Students’ Union and the University. The campaign aims to provide support and care for students during the exam period which can be stressful. Events and programmes are held by both the Union and University. Events include a mix of study support and wellbeing activities beginning with pop up stalls, giving out freebies to students to brighten their assignment and study heavy days.

The Students’ Union continued its decolonisation project aiming to reform the curriculum which can often be Eurocentric and fail to acknowledge a more diverse and factual version of historical events.

The activities and services offered by the Students’ Union have a critical role to play in encouraging participation from under-represented student communities. One part of this is our liberation campaigns. The University provided £20,000 of funding to deliver our annual programme of liberation campaigns. These have helped us to improve engagement from traditionally underrepresented student communities, whilst developing, enhancing and championing the international diversity of Queen Mary in line with the University’s 2030 strategy.

Students are at the heart of these campaigns through student-led organising committees that are supported by the Students’ Union. This year saw Antisemitism Awareness Month, Black History Month, Disability Awareness Fortnight, Holocaust Memorial Day, Islamophobia Awareness Month, LGBT+ History Month, Asian Heritage Month and Women’s Week to mark International Women’s Day.

5. Financial Review

5.1. Principal sources of funding

The principal sources of funding for the reporting year, on a consolidated basis, were grant funding (comprising the core grant from QMUL and grants from third parties) and trading income from QMSU Services Limited. As noted in 2.5.2 above, QMUL also provided premises and additional services to support the activities of the Union and QMSU Services Limited. An amount equal to the estimated value of the premises and support services is included in the Consolidated Statement of Financial Activities (SOFA) both as grant income, as corresponding expenditure and as donated services and facilities to relevant charitable activities as indicated in the notes to the financial statements.

The Trustees would like to thank QMUL for its continued support of the Union’s work in carrying out its charitable objects.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

5.2. Income and expenditure

As shown in the SOFA, total income for the operating year, on a consolidated basis, was £7.861m (2023: £7.407m). Grant funding totalled £3.451m (2023: £3.334m). Income generated by QMSU Services Limited totalled £3.756m (2023: £3.537m). Student activity income contributed £642k (2023: £529k) through Clubs and Societies, student events, Recreational Sport income and RAG.

Also as shown in the SOFA, total expenditure in the operating year, on a consolidated basis, was £7.855m (2023: £7.358m). Charitable activity costs totalled £7.855m (2023: £7.358m) including student activity costs of £2.828m (2023: £2.644m), student representation and communication costs of £957k (2023: £981k), and volunteering costs of £180k (2023: £123k). All such costs include both direct costs and apportioned overheads. Note 13 to the financial statements indicates the allocation of support costs across the range of charitable activities, and the basis on which such allocation is made.

The SOFA indicates, on a consolidated basis, a net inflow of funds of £58k (2023: 49k).

5.3. Financial position and reserves

As at 31[st ] July 2022, as indicated on the consolidated balance sheet, net current assets were positive on a consolidated basis, £188k (2023: £182k) and in the Union negative £207k (2023: £106k).

As at 31[st ] July 2024, also as indicated on the consolidated balance sheet, consolidated reserves in aggregate, stood at £369k (2023: £360k). On a consolidated basis, designated funds totalled £274k (2023: £273k) and restricted funds (comprising principally capital grants) stood at £216k (2023: £267k). The consolidated general reserve balance, however, was in deficit of £121k (2023: £180k in deficit).

The overall financial position at the balance sheet date reflects what will be a continuing reliance of the Union and of the Group on the support of QMUL. QMUL has indicated its willingness to continue its support for the Union, through grant funding for the year to 31[st ] July 2025.

In line with recommended best practice, the Trustees feel that it is important that the Union benchmarks its financial position in reference to 'Free Reserves' rather than Unrestricted Reserves. As such, the Union’s reserves, in the context of a reserves policy, are unrestricted funds which are freely available to spend on any of the Union’s charitable purposes. They therefore do not include restricted or designated funds (though holding such funds may influence the Union’s reserves policy from time to time).

Free Reserves are calculated as being unrestricted reserves, less fixed assets. General reserves are the only unrestricted reserves. The table below shows consolidated 'free reserves' as at 31 July 2024 compared to 31 July 2023:

2023:
General Reserves Fixed Assets Total Free Reserves	July 2024 £k (121) (145) (266)	July 2023 £k (180) (145)
		(325)

The Students’ Union will continue to work towards eliminating the current general reserves deficit and thereafter towards building an appropriate level of reserves on the basis of budgeting surpluses in the coming years of no less than £50k per year.

The Board of Trustees have considered a budget and financial projections for 12 months and beyond from the date of approval of these financial statements. After reviewing these projections, the Board is of the opinion that the Students’ Union will have sufficient funds to meet its liabilities as they fall due over the period of 12 months from the date of approval of the financial statements (the going concern assessment period). The Board also noted that there are possible measures to conserve cash, including restricting planned expenditure to reflect actual income. Having made these assessments, the Board has determined that there is no material uncertainty that casts doubt on the Students’ Union’s ability to continue as a going concern.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31[st ] JULY 2024

5.4. Risk management

Updating and detailed consideration of the Risk Register is the responsibility of the Audit and Risk Committee, who then report with recommendations to the Boards of both QMSU and QMSU Services Limited. Membership of the Audit and Risk Committee includes representation from the Board of QMSU Services Limited and there is a single combined Corporate Risk Register, recognising that the financial performance of QMSU Services Limited has potential for a significant impact upon the income of QMSU, and policies passed by QMSU have the potential for significant impact upon the financial performance of QMSU Services Limited. There is a designated manager for each identified risk, in addition to the risk owner, who is responsible for implementing any agreed mitigating actions and reporting on their impact.

6. Affiliations

During the reporting year, the Union was affiliated to the organisations listed below. The annual affiliation fees payable are as indicated:

payable are as indicated:
Organisation	Subscription
National Union of Students (NUS)	£22,500
British Universities and Colleges Sports (BUCS)	£10,794
London Nightline	£2,759
Student Radio Academy	£0
UK Council for International Student Affairs (UKCISA)	Free

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31[st ] JULY 2024

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report (including the Strategic Report) and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to companies and charities in England and Wales requires the Charity Trustees (who are also directors of the Company for the purposes of Company law) to prepare consolidated financial statements for each financial year which give a true and fair view of the state of affairs of the Group and the Charitable Company and of the Group’s incoming resources and resources expended (including its income and expenditure) for that period. In preparing these financial statements, the Trustees are required to:-

• select suitable accounting policies and apply them consistently;

• make judgments and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charitable Company will continue to operate.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees confirm that, in the case of each of the persons who are Trustees at the date of this report, the following applies:-

• so far, as each Trustee is aware, there is no relevant audit information (information needed by the Charitable Company’s auditors in connection with preparing their report) of which the Charitable Company’s auditors are unaware;

• each Trustee has taken all the steps necessary to make herself/himself aware of any relevant audit information and to establish that the Charitable Company’s auditors are aware of that information.

Approved by The Board of Trustees on xxx xxx 2025 and signed on its behalf by:

Tahmid Khan

Union President and Chair of the Board

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

FOR THE YEAR ENDED 31[st ] JULY 2024

Opinion

We have audited the consolidated financial statements of Queen Mary, University of London Students’ Union (the Charitable Company and the group) for the period ended 31 July 2024 which comprise the consolidated Statement of Financial Activities (including the income and expenditure account), the balance sheets, the cashflow statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

In our opinion the financial statements:

• give a true and fair view of the state of the group's and of the parent charitable company’s affairs as at 31 July 2023 and the group's surplus or deficit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section 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 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based 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 Groups ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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4

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

FOR THE YEAR ENDED 31[st ] JULY 2024

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the trustees' report (incorporating the directors' report) have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report (incorporating the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent company financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of the Trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the governors either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-andassurance/s/ Standards-and- guidance/Standardsand-guidance-for-auditors/Auditors-responsibilities-foraudit/Description-of-auditors- responsibilities-for-audit.aspx . This description forms part of our auditor’s report.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

FOR THE YEAR ENDED 31[st ] JULY 2024

Our approach was as follows:

• We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general sector experience, and through discussion with the trustees and other management (as required by auditing standards), and discussed with the trustees and other management the policies and procedures regarding compliance with laws and regulations (see below);

• We identified the following areas as those most likely to have such an effect: health and safety; General Data Protection Regulation (GDPR); fraud; bribery and corruption, and employment law. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any. The identified actual or suspected non-compliance was not sufficiently significant to our audit to result in our response being identified as a key audit matter.

• We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102, the Companies Act 2006 and the Charities Act 2011) and the relevant tax compliance regulations in the UK;

• We considered the nature of the group’s operations, the control environment and financial performance.

• We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit;

• We considered the procedures and controls that the group has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programmes and controls.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

Owing to the inherent limitations of an audit, there is 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 audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing 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 preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of Our Report:

This report is made solely to the Charitable Company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company’s members those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company’s members, as a body, for our audit work, this report or the opinion we have formed.

Mr Mark Cummins FCCA (Senior Statutory Auditor) for and on behalf of

TC Group Statutory Auditors Office: Steyning, West Sussex Dated:

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 JULY 2024

Notes INCOME FROM Charitable Activities Student Activity 6 Grant income 3 Other trading Sponsorship and Marketing Income 4 Subsidiary Company Income 5 Investment Income Total income EXPENDITURE ON Raising Funds Communication and Marketing 7 Subsidiary Company Expenditure 5 Charitable Activities Student Activity 6 Student Media 8 Volunteering 9 Student Representation & Communication 10 Total expenditure Movement in fair value of Investments 17 NET INCOME/(EXPENDITURE) & NET MOVEMENT IN FUNDS Reserves Brought Forward RESERVES CARRIED FORWARD 20	General funds Designated funds Restricted funds Total Total 2024 £ 2024 £ 2024 £ 2024 £ 2023 £ 100,494 507,023 33,998 641,515 529,412 3,269,267 - 181,429 3,450,696 3,334,405 2,045 - - 2,045 994 3,756,405 - - 3,756,405 3,537,583 10,253 - - 10,253 4,625
	7,138,464 507,023 215,427 7,860,914 7,407,019
	217,344 - - 217,344 224,934 3,650,211 - - 3,650,211 3,363,558
	3,867,555 - - 3,867,555 3,588,492 2,055,963 505,226 266,772 2,827,961 2,644,015 22,896 - - 22,896 20,803 180,198 - - 180,198 123,287 956,779 - - 956,779 980,936
	3,215,836 505,226 266,772 3,987,834 3,769,041
	7,083,391 505,226 266,772 7,855,389 7,357,533
	3,264 - - 3,264 (864)
	58,337 1,797 (51,345) 8,789 48,622
	(179,738) 272,692 266,939 359,893 311,271
	(121,401) 274,489 215,594 368,682 359,893

All recognised gains and losses are reflected through the SOFA.

All transactions noted above derive from continuing operations.

Of the surplus of £8,789 recorded above, the subsidiary accounts for a surplus of £106,193 and parent charity accounts for a deficit of £97,404.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

BALANCE SHEETS

AS AT 31 JULY 2024

FIXED ASSETS 16 INVESTMENTS 17 CURRENT ASSETS Stock Debtors and Prepayments 18 Cash at Bank and in Hand CREDITORS Due within one year 19 NET CURRENT ASSETS / LIABILITIES NET ASSETS/ (LIABILITIES) FINANCED BY: FUNDS Restricted Funds Unrestricted Funds General Reserve Designated Funds 20	Consolidated 2024 £ 2023 £ 145,167 145,360 35,616 32,352 65,822 67,114 282,861 359,418 831,957 850,773 1,180,640 1,277,305 (992,741) (1,095,124) 187,899 182,181 368,682 359,893 215,594 266,939 - - (121,401) (179,738) 274,489 272,692 368,682 359,893	Union 2024 £ 2023 £ 22,483 22,186 35,616 32,353 - - 92,630 156,556 125,285 732,419
		217,915 888,975 (424,649) (994,741)
		(206,734) (105,766)
		(148,635) (51,227)
		215,594 266,939 - - (638,718) (590,859) 274,489 272,692
		(148,635) (51,227)

Approved by the Board of Trustees on 23 January 2025 and signed on their behalf by:

Tahmid Khan Union President and Chair of the Board

Mike Wojcik Chief Executive Registered Charity Number: 1147786 Company Registration Number: 08092471

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 JULY 2024

Notes NET CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES 24 CASH FLOWS FROM INVESTING ACTIVITIES Investment Income Payments to acquire tangible fixed assets 16 CASH FLOWS FROM FINANCING ACTIVITIES Increase/(Decrease) in Cash Cash and cash equivalents at start of year Cash and cash equivalents at end of year	£ 10,253 (60,516)	2024 £ 31,447 (50,263) (18,816) 850,773 831,957	£ 4,625 (19,254)	2023 £ 138,155 (14,629)
				123,526
				727,247
				850,773

All cash held consists of cash and cash equivalents.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

1 Statutory information

QMUL Students’ Union (QMSU) is a Charitable Company, limited by guarantee, registered in England and Wales. The charitable company’s registered number and registered office address can be found in the Trustees’ Report (incorporating the Strategic Report).

2 Accounting policies

(a) Basis of preparation

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 (FRS102) (effective 1 January 2015) – Charities SORP (FRS102) and the Companies Act 2006.

QMSU meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The functional currency of the Group is Pounds Sterling. Figures in the accounts are rounded to the nearest pound.

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity (and its subsidiary) has adequate resources to continue in operational existence for the foreseeable future.

For this reason, they continue to adopt the going concern basis in preparing the financial statements.

(b) Fixed assets and depreciation

Tangible fixed assets are stated at historic purchase and cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is calculated to write off the cost of fixed assets on a straight line basis over the expected useful lives of the assets as follows:

Building Works 5 to 10 years Trading Equipment 5 years Union Equipment 4 years

(c) Investments

Investments other than the £1 share in QMSU Services Limited are stated at fair value. The share in QMSU Services Limited is disclosed at cost.

(d)

Stocks

Stocks are valued at the lower of cost and net realisable value on a weighted average basis.

(e) Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments. The Trustees seek to use short and medium-term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.

(f) Creditors and provisions

Creditors and provisions are recognised where the organisation has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

(g) Debtors

Trade and other debtors are recognised at settlement amount due.

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QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

(h) Recognition of income

• (i) Financial assistance in the form of grants from Queen Mary University of London is accounted for in the period to which it relates.

• (ii) Donations are accounted for in the Statement of Financial Activities when the Union becomes entitled to receive them, they are measurable and it is possible that they will be received.

• (iii) Donated services and facilities provided by Queen Mary University of London are recognised as both income and expenditure.

Queen Mary University of London (QMUL) provides the premises from which the Union and QMSU Services Limited operate their respective services and activities. Those premises include the Students’ Union Hub, Union Shop, the Village Shop and Ground Café on Mile End campus, the Griff Inn Bar & Kitchen, the BLSA Reception and the remainder of the BLSA building on the Whitechapel campus, and the Shield Café and the Fitness to Practice gym located in Charterhouse Square. QMUL is responsible for agreed matters relating to the premises, including maintenance of the fabric of the buildings, plant and machinery, and fixtures and fittings, payment of utility and insurance costs. The Qmotion premises and Drapers Bar & Kitchen are held by QMSU Services Limited under lease from QMUL. QMUL also provides support services in a number of areas including human resources, campus security and other campus provision, health and safety, insurance, buildings works project management, provision of ad hoc space, and the hosting of the Union’s and QMSU Services Limited’s accounting records on its accounting systems.

The value of the premises and support services provided by QMUL is estimated by reference to the amounts payable by QMSU Services Limited under its lease of the Qmotion premises and Drapers Bar & Kitchen, by way of inclusive rent, taking into account the location and relative size of the premises concerned and the nature of their occupancy. Where the provision of support services has involved QMUL staff time, an estimate of salary costs for time spent has been included. Sums have been included for support and services provided on an ad hoc basis, based on an estimate of the amounts which would be payable for such provision by independent third parties.

An amount equal to such estimated value is included as income in the Statement of Financial Activities as a grant and is indicated as donated services and facilities in Note 3.

• (iv) Bar, café, retail and entertainments income is credited to income on a receivable basis.

• (v) Gym membership subscriptions are credited to income over the duration of the subscription period.

• (vi) Investment income is credited on a receivable basis whereas realised and unrealised gains on investments are reflected through the Statement of Financial Activities.

(i) Grants to fund the acquisition of fixed assets

Capital grants received by the charity to fund fixed assets are accounted for in the Statement of Financial Activities as restricted income when the Union becomes entitled to receive them. Depreciation of the related fixed assets is charged against the Restricted Fund. Capital grants received into the trading subsidiary are deferred over the useful economic asset for which they are received to fund.

(j) Expenditure

Expenditure is recognised on an accruals basis. Costs of raising funds consist of costs incurred by the subsidiary trading company and the costs of marketing and communication. Charitable activities costs reflect the costs of services provided for students and are analysed between student activity, communications and marketing, student media, volunteering, and student representation and communication. Governance costs reflect costs incurred to achieve sound governance and compliance with legal and regulatory requirements. These costs include costs of strategic planning, management and organisation costs including legal advice and audit fees. The costs recorded under charitable activities include both direct costs and support costs. Support costs, i.e. costs incurred in support of a range of charitable activities, are allocated to the various charitable activities on the basis of permanent staff costs. Irrecoverable VAT is expended through the SOFA as incurred.

An amount equal to the estimated value of premises and support services provided by QMUL, is included as expenditure in the Statement of Financial Activities, allocated to relevant charitable activities, as donated services and facilities, as indicated in the notes below. Such allocation is made by reference to the extent to which such activities are considered to benefit from such provision and payment.

23

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

(k) Pension schemes

As described in Note 15, pension costs relate to recharges of pension costs incurred in relation the staff employed by Queen Mary University of London (QMUL) working for QMSU and QMSU Services Ltd. The recharges relate to two defined benefit pension schemes, the Superannuation Arrangements of the University of London (SAUL) and the Universities Superannuation Scheme (USS). Both are multi-employer schemes where the share of assets and liabilities attributable to each employer cannot be allocated on a systematic basis. Pension costs are therefore accounted for on a defined contribution basis as permitted by section 28 of FRS102 and are recharged to the company accordingly.

(l) Fund accounting

General Funds consist of funds freely available which may be applied by the Trustees at their discretion in furtherance of the Union’s charitable objects.

Designated Funds represent general funds earmarked by the Trustees for specific purposes.

Restricted Funds are those funds which are subject to donor imposed restrictions and may only be applied in accordance with those restrictions.

(m) Consolidation

The financial statements consolidate the results and net assets of the Union and QMSU Services Limited, the Union’s wholly-owned subsidiary. Uniform accounting policies are applied across the group with the elimination of profits/losses on intra group transactions upon consolidation. QMSU Services Limited is incorporated in the United Kingdom. Its principal activities are operating a health and fitness centre, bars, cafés, shops and entertainments. The Union holds the one ordinary share of £1 in the investment.

(n) Critical Accounting Estimates and Judgements

In the application of the group’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The Trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.

24

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

3 . Grant Income

3.Grant Income
Queen Mary University of London Total Revenue Grants Charity Revenue Grants Donated Services and Facilities	2024 2024 2024 2024 Unrestricted Designated Restricted Total £ £ £ £ 2,706,100 - 181,428 2,887,528	2023 Total £ 2,787,641
	2,706,100 - 181,428 2,887,528	2,787,641
	563,167 - - 563,167 3,269,267 - 181,428 3,450,695	546,764
		3,334,405

4. Sponsorship and Marketing Income

Sponsorship and Marketing	2024 £ 2,045 2,045	2023 £ 994
		994

5. QMSU Services Limited

Trading Activities Gym Bars Retail Cafes Entertainments Services Marketing Other Total Administrative Costs	Income £ 770,332 688,087 886,259 1,154,672 82,121 86,286 88,647 3,756,404 - 3,756,404	Expenditure £ (345,528) (555,585) (846,158) (852,480) (7,743) (44,029) (168,058) (2,819,581) (830,630) (3,650,211)	Total 2024 £ 424,804 132,502 40,101 302,192 74,378 42,257 (79,411) 936,823 (830,630) 106,193	Total 2023 £ 356,581 264,490 63,454 206,795 38,063 9,091 21,295
				959,769 (785,744)
				174,025

QMSU Services Limited (company number 06677304) is a wholly-owned subsidiary of the Union set up in August 2008 to develop the commercial operations of the Union’s unincorporated predecessor. The accounts of QMSU Services Limited for the year ended 31[st ] July 2024 disclose a surplus of £106,193. The registered office address is the same as the parent.

25

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

6.Student Activity Income Students’ Events Income Recreational Sport Income Other Income Student Activity Groups Income RAG Income Expenditure Student Activity Groups Grant funded Self-generated funds Wages and Salaries (Note 12) Insurance Training Affiliation Fees Other Expenditure Donated Services and Facilities Support Costs Costs charged against Restricted Funds- Pathway to Sport and Community (Note 13) Student Experience Volunteering (Note 13) QM Skills & Employability (Note 13) Community Building Events (Note 13) International Student Experience (Note 13) Employability Annual Fund (Note 13) Executive Diversity Sports Development Club Sport Funding QM Annual Fund Employability Student Experience Depreciation of Equipment RAG Costs and Donations Westfield Trust Other Grant FA Hub Co-op	2024 £ 42,276 20,344 37,874 507,023 33,998 641,515 151,015 505,226 653,038 7,247 7,540 11,289 - 371,746 853,812 10,000 30,000 10,000 10,000 15,000 15,000 20,000 10,000 10,000 15,204 157 13,227 276 60,507 6,103 34,317 - - 2,820,704	2023 £ 24,012 10,272 12,778 450,163 32,187
		529,412
		179,725 491,456 553,720 9,485 757 3,440 495 360,919 786,776 10,000 30,000 10,000 10,000 15,000 15,000 20,000 10,000 10,000 17,061 180 3,037 276 31,087 28,508 22,372 2,022 420
		2,621,736

26

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

6. Student Activity (Cont’d)

Brought Forward BL Sports Funding Drapers Club Sport Student Activity Groups are listed in Appendix 1 7.Communication & Marketing Expenditure Staff Salaries and Wages (Note 12) Freshers’ Fair Publicity & Marketing Depreciation on Equipment Training Other Expenditure Information Technology 8.Student Media Expenditure Radio & Media Student Development Events Support Costs (Note 13) Donated Services and Facilities 9. Volunteering Expenditure Salaries & Wages (Note 12) Volunteering Expenses Other Expenditure Donated Services and Facilities Support Costs (Note 13)		2,820,704 82 142 7,034 2,827,962 2024 £ 184,915 5,523 5,724 1,221 1,397 3,790 14,774 217,344 2024 £ 823 727 1,759 3,931 15,656 22,896 2024 £ 72,892 1,596 385 16,389 88,936 180,198		2,621,736
				5,800 1,051 15,428
				2,644,015
				2023 £ 196,893 6,543 5,864 - - 3,108 12,526 224,934 2023 £ 440 795 1,302 3,066 15,200 20,803 2023 £ 47,396 921 306 15,911 58,753 123,287

27

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

10.Student Representation & Communication Expenditure Staff Salaries and Wages (Note 12) Affiliation Fees Student Development Printing & Stationery Cleaning (excluding staff costs) Depreciation on Buildings & Equipment Finance Charges Equipment Hospitality Other Expenditure Donated Services and Facilities Support Costs (Note 13) 11.Governance Costs Salaries & Wages (Note 12) Legal and Professional External Audit Staff Training Board Meeting and Trustee Expenses Other Hospitality Recruitment Depreciation Affiliations Governance Costs declared in the Financial Statements as follows: Charity Subsidiary Company	2024 £ 263,095 27,487 474 1,875 51,626 3,049 5,715 2,489 1,059 7,598 159,376 432,936 956,779 2024 £ 381,324 - 20,300 - 1,261 1,425 410 - - 70 404,790 404,790 - 404,790	2023 £ 267,680 45,643 - 483 44,991 2,533 5,930 482 45 6,338 154,734 452,077
		980,936
		2023 £ 406,103 2,883 18,500 - 194 1,186 790 828 - 70
		430,554
		385,433 45,121
		430,554

Amount paid to the external auditors in respect of audit during the year was £19,000 (2023: £17,500) and £1,300 for other services. (2023: £800).

28

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

12. Staff Costs

Permanent staff Gross Salaries Employers N.I. Employers Pension Apprenticeship Levy Sabbatical Officers Gross Salaries Employees NI Employees’ Pension Part Time Students Gross Salaries Employees NI Employees’ Pension Apprenticeship Levy Total Staff Costs Allocated as Follows: Communication & Marketing (Note 7) QMSU Services Limited Total QMSU Services Limited included in Governance Costs (Note 11) Student Activity (Note 6) Volunteering (Note 9) Student Representation & Communication (Note 10) Governance (Note 11) Support Staff Costs (Note 13)	2024 £ 2,234,448 212,473 376,062 10,705 189,231 17,827 19,426 832,544 11,292 55,310 4,109 3,963,427 184,915 1,923,341 - 653,038 72,892 263,095 381,324 484,822 3,963,427	2023 £ 2,008,440 190,711 366,856 9,630 174,405 16,171 17,753 838,113 10,326 55,467 4,098
		3,691,970
		196,893 1,707,261 (45,121) 553,720 47,396 267,680 406,103 558,038
		3,691,970

29

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

12. Staff Costs (continued)

The average full-time equivalent number of permanent staff during the period was 67 (2023:66). The average full-time equivalent number of student staff during the period was 37 (2023:38). The average full-time equivalent number of staff during the period was 104 (2023:104).

The monthly average number of permanent staff during the period was 73 (2023:70). The monthly average number of student staff during the period was 143 (2023:144). The monthly average number of staff during period was 216 (2023:214).

Higher Paid staff

Higher Paid staff
Salary Range	2024	2023
£60,000-£70,000	2	1
£70,000-£80,000	1	1
£80,000-£90,000	-	1
£90,000-£100,00	1	-
Pension Contributions	£51,583	£48,877

The key management personnel during the year were the Chief Executive, Deputy CEO, Deputy Managing Director, Head of Venues, Head of Marketing and Communications, Head of Student Voice and Insights and Head of Finance and Administration. Their total remuneration including the oncosts was £604,070 (2023: £528,334 when the key management personnel were Chief Executive, Deputy CEO, Deputy Managing Director, Head of Venues, Advocacy Manager and Head of Marketing and Communications).

Permanent staff (both full-time and part-time), except for the Union’s six Executive (Sabbatical) Officers, are employees of Queen Mary University of London and are recharged at cost to the Union or to QMSU Services Limited, as appropriate. Casual (student) staff hold contracts of employment with the Union, are paid via the University and are similarly recharged at cost. The Union’s Executive (Sabbatical) Officers are employees of the Union.

During 2024 No ex-gratia payments were made (2023:Nil).

Trustees’ emoluments

Trustees, other than Officer Trustees also known as Executive (Sabbatical) Officers, are not remunerated. Amounts charged in the accounts and paid to the six Officer Trustees during the year amounted to £226,483 (2023: £208,329). £19,426 pension contributions were paid on behalf of the Officer Trustees (2023: £17,753). During the year no trustees were reimbursed for expenditure (2023: NIL).

The following amounts have been charged as emoluments to the Officer Trustees:

Serena Amaani Amaan Abbas Tahmid Khan Aisha Qadi Jovani Palnoni Matthew Beach	2024 £ 39,008 38,825 38,825 36,327 36,462 37,036
	226,483

30

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

13. Support Costs

Governance (Note 11) Salaries and Wages (Note 12) Irrecoverable VAT Depreciation on Buildings & Equipment Information Technology Finance Charges Staff Training Printing & Stationery Telephone & Postage Event Expenses Hospitality Insurance Operational Costs Recruitment Licences Security Costs Lease & Rentals Cleaning Equipment Publicity & Marketing Maintenance Facilities Costs Other Expenditure Support Costs are declared in the Financial Statements as follows: Charity Subsidiary Company (Note 5) Charity Support Costs are apportioned to Charitable Activities as follows: Student Activity (Note 6) Volunteering (Note 9) Student Media (Note 8) Student Representation & Communication (Note 10)	2024 £ 404,790 484,822 80,628 60,709 42,604 39,971 5,715 1,758 3,296 56,983 1,808 45,069 32,639 9,974 40,073 50,687 114,073 256,383 23,828 7,422 47,849 378,732 20,432 2,210,245 1,379,616 830,629 2,210,245 853,812 88,938 3,931 432,936 1,379,617	2023 £ 430,554 558,038 36,120 51,619 13,041 40,561 5,547 2,700 425 53,095 711 35,781 30,946 1,215 39,703 63,027 106,696 200,546 11,164 9,524 50,820 335,654 8,930
		2,086,417
		1,300,673 785,744
		2,086,417
		786,776 58,753 3,066 452,077
		1,300,672

Support costs have been allocated based on the cost of permanent staff in the various activities. Operational costs include disposables and other operational expenditure. Cleaning, Security and Operational costs were included in cost of sales in previous years.

31

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

14. Comparative funds – Statement of Financial Activities for the year ended 31 July 2023

Notes INCOME FROM Charitable Activities Student Activity 6 Grant income 3 Other trading Sponsorship and Marketing Income 4 Subsidiary Company Income 5 Investment Income Total income EXPENDITURE ON Raising Funds Communication and Marketing 7 Subsidiary Company Expenditure 5 Charitable Activities Student Activity 6 Student Media 8 Volunteering 9 Student Representation & Communication 10 Total expenditure Movement in fair value of Investments 17 Transfers 20 NET INCOME/(EXPENDITURE) & NET MOVEMENT IN FUNDS Reserves Brought Forward RESERVES CARRIED FORWARD 20	General funds Designated funds Restricted funds Total 2023 £ 2023 £ 2023 £ 2023 £ 47,062 450,163 32,187 529,412 3,070,714 - 263,691 3,334,405 994 - - 994 3,537,583 - - 3,537,583 4,625 - - 4,625
	6,660,978 450,163 295,878 7,407,019
	224,934 - - 224,934 3,363,558 - - 3,363,558
	3,588,492 - - 3,588,492 1,895,593 491,456 256,966 2,644,015 20,803 - - 20,803 123,287 - - 123,287 980,936 - - 980,936
	3,020,619 491,456 256,966 3,769,041
	6,609,111 491,456 256,966 7,357,533
	(864) - - (864)
	- - - -
	51,003 (41,293) 38,912 48,622
	(230,741) 313,985 228,027 311,271
	(179,738) 272,692 266,939 359,893

32

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

15. Pension Arrangements

Pension costs consist entirely of recharges relating to staff employed by Queen Mary University of London (QMUL). Recharges are based upon scheme contribution rates, staff salaries and time spent by staff working on QMSU and QMSU Services Limited activities.

The recharged pension costs relate to two QMUL pension schemes, the Universities Superannuation Scheme (a defined benefit only pension scheme which was contracted out of the State Second Pension) and the Superannuation Arrangements for the University of London (a centralised defined benefit scheme within the United Kingdom, contractedout of the Second State Pension).

Further information relating to these schemes can be found in the QMUL accounts for the year to 31[st ] July 2024 which are available to download from the QMUL website.

33

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

16. Fixed Assets

6.Fixed Assets
Consolidated Cost: As at 1stAugust 2023 Additions Disposals At 31stJuly 2024 Depreciation: As at 1stAugust 2023 Charge for the year Disposals At 31stJuly 2024 Net Book Value: At 31stJuly 2024 At 31stJuly 2023 Fixed Assets Union Cost: As at 1stAugust 2023 Additions Disposals At 31stJuly 2024 Depreciation: As at 1stAugust 2023 Charge for the year Disposals At 31stJuly 2024 Net Book Value: At 31st July 2024 At 31st July 2023	Building Works £ 2,415,404 - (1,865,299) 550,105 (2,376,042) (16,750) 1,865,299 (527,493) 22,612 39,362 Building Works £ 1,261,674 - (857,737) 403,937 (1,253,374) (4,126) 857,737 (399,763) 4,174 8,300	Trading Equipment £ 718,343 52,018 (179,266) 591,095 (616,489) (39,885) 179,266 (477,108) 113,987 101,854 Trading Equipment £ 119,597 - (11,576) 108,021 (119,597) - 11,576 (108,021) - -	Union Equipment £ 113,140 8,498 (116,528) 5,110 (108,996) (4,074) 116,528 3,458 8,568 4,144 Union Equipment £ 131,448 8,498 (116,528) 23,418 (117,562) (4,075) 116,528 (5,109) 18,309 13,886	Total £ 3,246,887 60,516 (2,161,093)
				1,146,310
				(3,101,527) (60,709) 2,161,093
				(1,001,143)
				145,167
				145,360
				Total £ 1,512,719 8,498 (985,841)
				535,376
				(1,490,533) (8,201) 985,841
				(512,893)
				22,483
				22,186

34

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

17. Investments Listed Investments at fair value Brought Forward Movements in fair value of investments At 31stJuly 2024 Unlisted investments at cost	2024 Consolidated £ 32,352 3,264 35,616 - 35,616	2023 Consolidated £ 33,216 (864) 32,352 - 32,352	2024 Union £ 32,352 3,264 35,616 1 35,617	2023 Union £ 33,216 (864)
				32,352 1
				31,353

Listed Investments consist of 4,800 ordinary shares of 25p each in JP Morgan Claverhouse Investment Trust plc.

The Union’s unlisted investment consists of 1 ordinary share of £1 in QMSU Services Limited (100% holding) , a company (no. 6677304) incorporated in England and a wholly-owned subsidiary of the Union. Total income generated during 2024 was £3,756,404 (2023: £3,537,583), total expenditure during 2024 was £3,650,211 (2023: £3,363,558), total net assets at 31[st ] July 2024 were £529,118 (2023: £529,118).

18. Debtors Trade Debtors Queen Mary University of London Prepayments Tax and social security Other Debtors 19. Creditors: Amounts falling due within 1 year Trade Creditors Queen Mary University of London QMSU Services Limited Accruals Other Creditors	2024 Consolidated £ 65,724 78,779 74,096 59,311 4,951 282,861 2024 Consolidated £ 180,624 677,122 - 84,089 50,906 992,741	2023 Consolidated £ 56,066 104,440 150,805 45,031 3,076 359,418 2023 Consolidated £ 173,694 651,822 - 142,546 127,062 1,095,124	2024 Union £ 4,648 18,282 5,920 59,311 4,469 92,630 2024 Union £ 32,929 318,106 25,406 33,415 14,793 424,649	2023 Union £ 21,309 23,479 63,661 45,031 3,076
				156,556
				2023 Union £ 105,575 327,708 512,371 32,989 16,098
				994,741

35

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

20. Reserves Consolidated Restricted Capital Grants RAG Drapers Fund Association Fund FA HUB Co-op Club Sport Executive Diversity Sports Development Club Sport Funding Pathway to sport & Comm Student Exp & Volunteering QM Skills & Employability Community Building Events Int’l Student Experience Employability Annual Fund BL Sports Fund QM Annual Fund Westfield Trust Fund Employability Fund Other Grant Total Restricted Designated Student Activity Groups Total Designated General Reserve Total	At 1stAugust 2023 Income Expenditure Transfers At 31stJuly 2024 £ £ £ £ £ 4 - - - 4 40,167 33,999 (60,507) - 13,659 4,618 1,973 (142) - 6,450 42,757 12,867 (13,227) - 42,397 4,999 - - - 4,999 6,265 - - - 6,265 23,322 13,738 (7,034) - 30,026 - 20,000 (20,000) - - - 10,000 (10,000) - - - 10,000 (10,000) - - - 10,000 (10,000) - - - 30,000 (30,000) - - - 10,000 (10,000) - - - 10,000 (10,000) - - - 15,000 (15,000) - - - 15,000 (15,000) - - 82 - (82) - - 64,305 9,343 (15,204) - 58,444 18,423 - (6,103) - 12,320 157 - (157) - - 61,840 13,507 (34,317) - 41,030
	266,939215,427 (266,772) - 215,594
	272,692 507,023 (505,226) - 274,489
	272,692 507,023 (505,226) - 274,489
	(179,738)7,141,728 (7,083,391) - (121,401)
	359,893 7,864,178 (7,855,389) - 368,682

34

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

20. Reserves (continued) Union Restricted Capital Grants RAG Drapers Fund Association Fund FA HUB Co-op Club Sport Executive Diversity Sports Development Club Sport Funding Pathway to sport & Comm Student Exp & Volunteering QM Skills & Employability Community Building Events Int’l Student Experience Employability Annual Fund BL Sports Fund QM Annual Fund Westfield Trust Fund Employability Fund Other Grant Total Restricted Designated Student Activity Groups Total Designated General Reserve Total	At 1st August 2023 Income Expenditure Transfers At 31st July 2024 £ £ £ £ £ 4 - - - 4 40,167 33,999 (60,507) - 13,659 4,618 1,973 (142) - 6,450 42,757 12,867 (13,227) - 42,397 4,999 - (2,022) - 4,999 6,265 - - - 6,265 23,322 13,738 (7,034) - 30,026 - 20,000 (20,000) - - - 10,000 (10,000) - - - 10,000 (10,000) - - - 10,000 (10,000) - - - 30,000 (30,000) - - - 10,000 (10,000) - - - 10,000 (10,000) - - - 15,000 (15,000) - - - 15,000 (15,000) - - 82 - (82) - - 64,305 9,343 (15,204) - 58,444 18,423 - (6,103) - 12,320 157 - (157) - - 61,840 13,507 (34,317) - 41,030
	266,939 215,427 (266,772) - 215,594 272,692 507,023 (505,226) - 274,489
	272,692 507,023 (505,226) - 274,489
	(590,860) 3,385,322 (3,433,180) - (638,718)
	(51,228) 4,107,772 (4,205,178) - (148,635)

35

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

20. Reserves (continued)

Funds

The Restricted Capital Grants Fund represents grants received from Queen Mary University of London to fund fixed assets. Depreciation of the related fixed assets is charged against the restricted fund. The Restricted RAG Fund represents the unspent balance of all RAG collections. The Campus Community Restricted Fund represents funds generated from surpluses from the Learning Café to develop arts, cultural and learning activities within the Union.

The Association Fund represents funds generated from BLSA Entertainments to support the student experience.

The Drapers, QM Annual, Employability, Westfield Trust, represent grants received from Queen Mary University of London to fund specific projects.

Club Sport, BL Sports Fund, Co-op, FA Hub Innovation and FA Hub represent grants for community sports activities.

The Other Grant Fund represents new grants awarded in the year. The main donors were RFU and other community sport awards. These awards were used for community sport, Get Active and other student activities.

Executive Diversity Fund was part of the QM Block grant awarded to Sabbatical officers to run liberation campaigns such as Anti-Islamophobia, Asian Heritage, Black History and LGBT+.

Sports Development and Club Sport funding were part of the QM block Grant awarded to carry out sporting and student activities.

The Designated Student Activity Groups Fund represents the unspent balances of all student activity groups.

General Funds are amounts generally available to the Trustees and may be applied at the Trustees discretion to the generality of the Union’s charitable objects.

21. Operating Lease Commitment (Subsidiary)

At 31 July 2024, QMSU Services Limited had total commitments under non-cancellable operating leases as detailed below;

elow;
Within one year Between one and two years Between two and five years	Land and buildings Other 2024 £ 2023 £ 2024 £ 2023 £ 93,161 93,161 22,739 6,220 - - 18,661 580 - - 16,590 -
	93,161 93,161 57,990 6,800

The Charity had no operating lease commitments.

22. Related Party Transactions

During the period ended 31[st ] July 2024 the controlling party of the Union was, under its Articles of Association, the Trustees.

During 2024 a total of £NIL (2023: NIL) was reimbursed to Trustees for expenditure.

The Union received a substantial part of its income by means of grant funding from Queen Mary University of London. This funding comprised £2,706,100 revenue funding, and the value of premises and support services provided by Queen Mary University of London estimated at £563,167. The Trustees were of the opinion that this financial and other assistance were not an influencing factor with regards to the formulation of Union policy, nor did it have any effect on the internal management and decision-making of the Union.

36

QUEEN MARY UNIVERSITY OF LONDON STUDENTS’ UNION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

23. Taxation

The Union is a registered charity and is entitled to the exemptions from tax available to charities.

24. Net Cash Inflow from Operating Activities

24. Net Cash Inflow from Operating Activities
Net income/(expenditure) Depreciation Investment income Change in market value of investments (Increase)/Decrease in stock Decrease/(Increase) in Debtors Increase/(Decrease) in Creditors due within 1 year 25. Net Funds Cash Net Funds at 31stJuly 2024 26. Net Assets between Funds Unrestricted funds £ Consolidated Fund balances at 31 July 2024 are represented by: Tangible fixed assets 145,167 Investments 35,616 Current assets 690,557 Creditors: amounts falling due within one year (992,741) (121,401) Unrestricted funds £ Consolidated Fund balances at 31 July 2023 are represented by: Tangible fixed assets 145,360 Investments 32,352 Current assets 737,674 Creditors: amounts falling due within one year (1,095,124) (179,738)	Note 16 18 19 Designated funds £ - - 274,489 - 274,489 Designated funds £ - - 272,692 - 272,692		2024 £ 8,789 60,709 (10,253) (3,264) 1,292 76,557 (102,383) 31,447 2024 £ 831,957 831,957 Restricted funds £ - - 215,594 - 215,595 Restricted funds £ - - 266,939 - 266,939		2023 £ 48,622 55,099 (4,625) 864 (17,254) (164,438) 219,887
					138,155
					2023 £ 850,773
					850,773
					Total £ 145,167 35,616 1,180,640 (992,741)
					368,682
					Total £ 145,360 32,352 1,277,305 (1,095,124)
					359,893

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Appendix 1.1 Queen Mary Sports Clubs

Archery Club Athletics Club Badminton Club Barbell Club Baseball Club Basketball Men Club Basketball Women Club Boat Club Boxing Club Cheerleading Club Climbing Club Cricket Club Dance Club Fencing Club Football Men Club Football Women Club Futsal Club Futsal Women Club Golf Club Handball Club Hockey Club Ju Jitsu Club Judo Club KDS Karate Club Kendo Club Lacrosse Club Muay Thai Club Netball Club QM Calisthenics Club QM HEMA Club Rugby Men Club Rugby Women Club Snow Sports Club Squash Club Swimming Club Table Tennis Club Tennis Club Volleyball Club

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Appendix 1.2 Queen Mary Societies

1day Sooner Society 3D Net Society 93% Club Society Abacus Society Ability Society Accounting & Advisory Society Accounting Society Actuarial Society Actuarial, Mergers & Commercial Awareness Society Advertising Marketing and PR Society Aero Horizon Society Aerospace Society Afghan Society Afro-Caribbean Society Ahlulbayt Society Ahmadiyya Society AIESEC Society Albanian Society Alternative Dispute Resolution Society Alternative Investments Group Society Alternative Music Society American Football Society American Society Amnesty International Society Analogue Photography Society Ancient Languages and Culture Society Animal Rights Society Anime Society Anti-Imperialist Society App Development Society Arabic Calligraphy Society Arabic Society Archegos Society Armenian Culture Society Art Business Society Art Society Artificial Intelligence Society Artistic Rep Society Asean Society Asian Development Society Aspergers Society Aspiring Solicitors Society Assassins Creed Society Association des Juristes Queen Mary Sorbonne Society (AJQS) Astrology Society

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Atheism Society Athena Swan Society Audio and Technology Society Aurora Initiative Society Austrian Society Austrian Society Autonomous Group Society Azerbaijan Society B.O.F.F.I.N Society Bahai Society Baking Society Baloch Society Bangladeshi Society Banking & Finance Society Banking Against Poverty Society Barnardo’s Society Beard Appreciation Society Beastmode Society Believers' LoveWorld Society Bengali Cultural Society BEST Society (Board of European Students of Technology) Bhangra Society Biochemical & Pharmaceutical Society Biochemistry Society Biological Society Biomedical Engineering Society BioMedical Society Black Girls Book Club Society Blockchain Society Board Games Society Bollywood Dance Society Bollywood Society Bolshevik Society Book Club Society Book Society Brazilian Society Breaking Into Consulting Society Bright Future Society British Muslim Youth Society Bubble Tea Society Buddhist Society Bulgarian Society Business & Enterprise Society Business Society Campus Vibe Society Capoeria Society Catholic Society

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Cheese Society Chemical Engineering Society Chemistry Society Chess Society Chinese Society (Cantonese) Chinese Student and Scholars Association Society (CSSA) Chinese-British Students & Scholars Forum Society Chocolate Society Christian Society Cinema Society Citizens Society Cocktail Society Coffee Society Comedy Society Commercial Awareness Group Society Common Mans Folk & Alternative Music Society Commuters Society Computer Programming Society Computer Science Society Conservative Society Consultancy Society Consulting Society Counterfire Society Craft Beer and Real Ale Society Creating a Beat Society Creative Arts Society Creative Writing Society Criminal Justice Society Critical thinking & problem-solving Society Cross Cultural Activities Society Cult Film Society Current Affairs+ Society Cycling Society Czechoslovak Society DASH-ed Society Data Protection Society Data Science and Machine Learning Society DCR Society (Democratic Century Review) Debating Society Debke Society Deconolise QMUL Society Desi Society Design Society Dialogue & Debating Society Disabled Society Disco Society Disney Society

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Diversity in Business Society Diversity In Data Society Diversity in technology Society Doctoral Students Society DoVES Society (Domestic Violence Education & Support) Duck Society Duke of Edinburgh Society EAAS Society (East-African Association Society) East African Society East European Society East London Health Society Eastern European Society Economics Society EECS Society Effective Altruism Society Egyptian Society Electrical Engineering Society ELF Society Emirati Society Employable Students Society EmpowHer Society Energy For Old Fadama Society Engage Society Engineering and Tech Society Engineering Without Borders Society English Society Entrepreneurs Society Environmental Society Equality Society Equip Africa Society Erasmus Student Network Society ESG Society Ethiopian and Eritrean Society European Law Students Association Society European Society Every Nation Christian Society Evolutionary Medicine Society Ex-Muslim Society Experimental Film Society Experimental Media Forum Society Ex-Yu Society Faith Talk Society Faldo Society Fashion Society Feminist Society Filipino Society Film Making Society

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Finance Society Financial Monopoly Society Fine Art Appreciation Society Fintech Society First Aid Society First Love Society Flat Earth Society Food Society Foosball Society Forensic Society Formula 1 Society Formula Student Society Fossil Free Society Francophone Society Free Speech Society FreeOrg Society French Society Friends of MSF Society Friends of Palestine Society Funk Dance Society Future Frontiers Society Game Development Society Game of Thrones Society Games Society Gaming Society Genetics Society Geography Society Georgian Society German Society Ghost Hunting Society Girl Up Queen Mary Society Global Brigades Society Global Health Society Global Markets Society Global Zero Society Gordon Freeman Society Greek & Cypriot Society Green Mary Society Guild Society Guitar Society Habesha Society Harry Potter Appreciation Society Health 2.0 Society Henna Society Hindu Students' Forum Society Hip Hop and R&B Society His People Society

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Hispanic Society History Society HKPASS Society Horror Society Horse Racing Society Human Resources Society Hungarian Society Hyperlink Society Iberian and Latin American Society Ideological Society Illumina Tea Society Immigration & Asylum Law Society Improv Society Indian Music Society Indian Society Indonesian Society Innovators Society Interdisciplinary Legal Society International Association for the Exchange of Students for Technical Experience Society International Society Iranian Society Iraqi Society Irish Society Islamic Finance Society Islamic Society IT Management for Business Society IT Society Italian Society Jain Society Japanese Society Jewish Society Journalism Society Kazakhstan Society Keg Society Kharis on Campus Society Knit & Knatter Society Korean Society Kpop Society Krishna Consciousness Society Kurdish Society Labour Society Latino Society LatinX Society Law Academia Society Law and Business Society Law Society Lawyers without Borders Society

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Leading Women Society Lebanese Society Left Forum Society Legal Innovation Society Lego Society LGBT+ Society Liberal Democrats Society Liberty League Society Liberty Society Linguistics Society Literature Society Lithuanian Society Live Society London Transport Society Low-Carbon Futures Society Lusophone Society M & BL Music Society Madinah Society Magic Society Mahjong Society Major Mixer Society Make Up & Beauty Society Make Up Society Malaysian Society Marketing & Communications Society Marxist Society Masters Students Society Materials Science and Engineering Society Materials Society Mathematics Society Mature Students Society Mauritian Society Meat Society MEDi Society Medical Leadership & Management Society Medieval Re-enactment Society MedPrep Society MedTech Society Mehndi Society Meme Society MEMS Society Mental Health Awareness Society Metal Music Society Mexican Society Mixed Martial Arts Society Model United Nation's Society Mongolian Society

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Moroccan Cultural Society MTO Sufi Society Music Enjoyment and Production Society Music Society Musical Theatre Society Muslim Women Society Nandos Society Nature Society Neo-Bloomsbury Group Society Nepalese Society Neurodivergent Society Neuroscience Society New Music Society New Turn Society Nigerian Students Association Society Non-Law Society Nordic Cultural Society North Africa Society Open Law Society Oriental Cuisine Society Orphan in Need Society Our Passion Project Society Oxfam Society PACE Society Pakistani Society Palestine Society Pan African Society Parkour Society Persian Society Personal Development Society Pharmacology and Drug Discovery Society (PDDS) Philosophy Society Photography Society Pilot Society Playwrights Society Poetry Society Pokemon Society Poker Society Pole Fitness Society Polish Society Politea Society Political Awareness Society Politics and International Relations Society Pool and Snooker Society Pool Society Portugese & Brazilian Society Post Graduate Association Society

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Postgraduate Law Society Postgraduate Moot Society Practical Film Making Society Private Equity Society Pro Evo Society Professional Practice Society PROJECT:TALK Society Psi Star Society Psychology Society Punjabi Society Qigong Society QM4Uyghur Society QMUL Go Society (Weiqi) Queen Mary Against Prevent Society Queen Mary International Finance Development Society Queen Mary Machine Learning Society (QMML) Queen Mary Nightline Society Queen MARY Student Association for Lawyers for Animal Welfare Society (QMSALAW)

Quiz Society Radio Society Radiology Society Rail Challenge Society Rap Society Reach Out Society Red Cross on Campus Society ReproducibiliTea Society Research Society Retrospective Society Rise for Rohingya Society Rock and Metal Society Rock Solid Society Rocket and Space Society (QMRS) Romanian Society Russian Speaking Society SAFE for Survivors Society Safeguarding People At Risk Society (SPAR) Salsa Society Samaritans Society Saudi Society Save our NHS Society Save the Youth Society Scandinavian Society Schtoom Society Science Fiction Society Sci-Fi & Fantasy Society Scrabble Society Scuba and Snorkelling Society

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Shakespeare Society Shisha Society Sikh Society Singapore Society Skate Society Sneaker and Streetwear Society Sober Socials Society Socialist Worker Student Society Socie TEA Society Somali Society Soul Society South Americans Society Southern African Cultural Society Spanish Society SpeedCubing Society Sports Fanatics Society Spring Thinkers Society SPUE Society Sri Lankan Society Sri Lankan Students' Society Star Wars Society Start Ups Society STEP Team Society Stop The War Society Student Assembly Against Austerity Society Student Associates Scheme Society Student Minds Society Student Policy Forum Society Student Scout & Guide Organization Society (SSAGO) Students for the Development & Exploration of Space Society Students with Disabilities Society Sudanese Society Syria Solidarity Society Table Top Miniature Society Taekwon-Kode Society Taiwanese Society Tamil Society Tamil Solidarity Society Taylor Swift Society Team Elite Society TEDx Society Thai Society The Redeemed Student Fellowship Society The Well-being Society The Word Society Theatre Company Society Third Culture Kid Society

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Trading and Investment Society Travel Society Turkish Cypriot Society Turkish Society Ukrainian Business Society Ukrainian Society Underground Music Society Uni Boob Team Society UNI Vibe Society UNICEF Society Unite Society Unity Society Unmanned Arial System Society (UAS) Unspoken Society UNYA Society Vegan & Vegetarian Society Video and Games Gaming Society Vietnamese Society Virtual Reality Society WaterAid Society Welsh Society WESQMUL Society William Harvey Research Institute Society Wine App Society Wine Society Woke Talk Society Women Empowerment Society Women In Art Society Women In Business Society Women in Consulting Society Women in Finance Society Women in Law Society Women in Politics Society Women of Colour Society Women of STEM Society Women on Board Society Women Working in Law Society Womens Wellbeing Support Society World Development Society World Rev Society Yoga Society Young Greens Society Youth Stop AIDS Society Zionist Society Zoological Society

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Appendix 1.3 Barts and The London Clubs

Alpine Club American Football Club Badminton Club Basketball Club BL Volleyball Club Boat Club Brazilian Jiu Jitsu Club Chess Club Cricket Mens Club Cycling Club Football Men Club Football Womes Club Golf Club Hockey Men Club Hockey Mixed Club Hockey Women Club Lacrosse Club Netball Club Rugby Men Club Running Club Sailing Club Squash Club Tennis Mens Club Ultimate Club Water Polo Club

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Appendix 1.4 Barts and The London Societies

Academic Research Society ACS Society (African Caribbean) Aerospace Medicine Society Aksum-Barts Partnership Society Allied Courses Society Alternative Medicine (BLAMS) Society Anaesthetics & Intensive Care Society Anatomy Society Angling Society ArguDent Society Art & Photography Society Asian Society Asian Society (Gozo) Aviation Medicine Society Bangladesh Society Barts Cancer Institute PhD Forum Society Barts Cardiology Society Be the Change Society BEADS Society (Barts East Asian Dental Students) Biomedical Engineering Society Board Games Society Buddhism Society Calligraphy Society Carrom Society Christian Union Society CLASS Society Coborn Society Commuters Society Craft Society Cypriot & Hellenic Society Dance Society Debating and Ethics Society Dental Conference Society Dental Graduation Committee Society Dental Journal Society Dental Midway Ball Society Dental Society Dentalks Society Dermatology Society Diagnostic Medicine Society (DiMed Society) DiKnow Society Doctors as Educators Society Drama Society Drug Science Society

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Ear Nose and Throat Society Egyptian Emergency Medicine Society (BLEMSO) Endocrinology Society Ethics Society European Society Feminist Society Film Society Forensic Pathology Society Forensic Society Games of Thrones Society Gastroenterology Society Gastronomy Society GEP Society Gospel Choir Society GOZO Society (Gozo) GP Society Grad Society Haematology Society Head and Neck Society Health Entrepreneurship Society Healthy Planet Society History of Medicine Society Indian Society Infectious Diseases Society Innovation & Enterprise Society Innovation in Medicine Society Integrative Medicine Society Irish Society Isoc Society Japanese Culture and Language Society (Gozo) Kashmiri Society Korean Society Kurdish Society Kuwait Society Language & Culture Society LGBT Society London Sports and Exercise Medicine Society Malta African & Caribbean Society (Gozo) Malta Arts & Fashion Society Malta Chess Society Malta Christian Union Society Malta Clinical Skills Society (Gozo) Malta Cricket Society (Gozo) Malta Diving Society (Gozo) Malta Ecology and Business Society (Gozo) Malta First Aid Society in Cooperation with the ERRC (Gozo)

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Malta Isoc Society (Gozo) Malta Surgical Society (Gozo) Malta Tennis Society (Gozo) Marrowm Society Medic Recruit Society Medical Current Affairs Society Medical Entrepreneurship Society Medical Humanities Society Medical Leadership Society Medicine and Heritage Society Medic-SHARE Society MedTech Society MESS Society MESS Society (Gozo) Metabolic Medicine Society Middle Eastern Society Military Medicine Society Monopoly Society Music Society North African Society Nutritank Society Obstetrics and Gynaecology Society Oncology Society Opthamology Society Oral and Maxillofacial Society Orthopaedic (Conference) Society Orthopaedics Society Paediatric Society Pakistan Society Palliative Care Society Pathology Society Peer Assisted Learning Society Pharmacology Society Philosophy Society Physician Associates Society Physiology Society Plastic Surgery Society Pre-Hospital and Emergency Medicine Society (BLPHEMS) Pride Society (Gozo) Psych Society (Gozo) PsychSoc Society Public Health and Preventive Medicine Society Pyrotechnics Society Questions in Medicine Society Radiology Society Rare Diseases Society Refugee Crisis Foundation Society

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Regenerative & Reconstructive Medicine Society Renal Society Rental Society Respiratory Society Sexpression Society Sexual and Reproductive Health Society Sign Language Society Simulation Society South Asian Society (Gozo) Student Assisted Medical and Dental Applicants Society (SAMDA) Students for Global Health Society Students for Kids International Projects (SKIP) Surgical Society Sustain Society Tamil Society Teddy Bear Society The Breast Project Barts Society Traditional Art Society UAEM Universities of Allied Essential Medicines Society Urology Society US Society USMILE Society USMLE Society Vegetarian and Vegan Society Welsh Society Wilderness & Extreme Medicine Society Women in Healthcare Society Yoga Society

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