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2025-07-31-accounts

Charity Registration Number: 1148212 Company Registration Number: 07702161 (England and Wales)

For the year ended 31 July 2025

UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

The Trustees present their annual report for the year ended 31 July 2025 under the Charities Act 2011, together with the audited financial statements for the year.

1. Reference and Administrative Information

The a company limited by guarantee governed by its Memorandum and Articles dated 12 July 2011, amended on 9 December 2025 and registered as a charity with the Charity Commission.

Charity number: 1148212 Company number : 07702161

Registered Office:

Edinburgh Building, University of Sunderland, Chester Road, Sunderland, Tyne and Wear, SR1 3SD

Charity Trustees:

Jacqui Clements (Chair, appointed 7 October 2024) Kayleigh Hesse Al Lawley-Powell Joshua Richardson Adewunmi Adeoye (Appointed 15 July 2025) Suraj Acharaya (Appointed 15 July 2025) Matty Pendergast (Appointed 6 October 2025) Paul Athey (Appointed 6 October 2025) Jamie Young (Appointed 7 October 2024) Christiana Anim-Addo (Appointed 15 July 2025) Ishahak Khadgi (Appointed 15 July 2025) Prince Chinedu Ikechi (Resigned 15 July 2025) Babatunde Jimoh (Resigned 15 July 2025) Rose Guy (Resigned 15 July 2025) Oludolapo Dada (Resigned 15 July 2025) Jessica Fogarty (Resigned 15 July 2025) Jouhayna Mrabet (Resigned 27 April 2025) Felicia Udofiah (Resigned 31 December 2024) George Cosmas (Resigned 7 October 2024) Alison Kubwalo (Resigned 7 October 2024)

Company Secretary

Philip Benton

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Professional Advisers

Auditors Azets Bulman House Regents Centre Gosforth Newcastle upon Tyne, NE3 3LS Bankers Natwest Sunderland Branch 52 Fawcett Street Sunderland, SR1 1SB Charities Aid Foundation Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Advisers Counterculture Partnership LLP 23 St Leonards Road Bexhill East Sussex TN40 1HH DAC Beachcroft LLP 3 Hardman Street Manchester M3 3HF

Key Management Personnel

The Union employs a Chief Executive to work closely with the Trustee Board and ensure effective management of the charity as head of a management team as follows:

Chief Executive Katherine Luke (to 15 July 2025, maternity leave) Interim Chief Executive Sam Harris (from 15 July 2025) Interim Deputy Chief Executive Dan Fow HR and Operations Manager Louise Dixon Finance Manager Lynne Gordon Student Experience Manager Zoe Jones Student Communities Manager K J Senior (from March 2025) SU London Manager Amie Hammond

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

2. Structure, Governance, and Management

The Union is constituted under the Education Act 1994 as a charity, with internal regulations or Rules approved by the governing body of the University of Sunderland (the University). charitable object is the advancement of education of the students of the University of Sunderland for the public benefit.

The Sabbatical Trustees are elected annually by cross-campus secret ballot of the membership. These two posts of President: Sunderland and President: London are full-time posts remunerated as authorised by the Education Acts and cannot exceed two years duration for each holder.

The two full-time Sabbatical Officers, four Student Trustees and five External Trustees are regarded as the charity trustees of the Union for the purposes of the Charities Acts and Company Directors for the purposes of the Companies Act. Student Trustees shall remain in office for a term of one or two years as agreed by the Appointments Committee, serving a maximum of two consecutive terms. The external trustees may serve a term of four years, renewable up to a maximum term of office of eight years.

Trustee training

New trustees are inducted into the workings of the Union, as a registered charity and company limited by guarantee, including Board Policy and Procedures, at both internal and external training and induction workshops.

Organisational Management

Day to day responsibility for services rests with the Chief Executive along with service managers and other staff. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that performance is monitored and controlled.

The remainder of the management team (as set out in the key management personnel), is The remuneration of key management personnel is set by the People and Governance Committee, with the policy objective of ensuring that they are rewarded for their individual contributions to the . Delivery of the charitable vision and purpose is primarily dependent on our key management personnel and staff costs are the largest single element of our charitable expenditure.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Charity Governance Code Self-Assessment

The Board undertook an assessment against the version of the code developed specifically for during 2022/23 together with a Board development session which considered feedback from the self-assessment, and identified an action plan and development tasks for the board to undertake over a three year period.

Relationship with University of Sunderland

The relationship between the University and the Union is established in the regulations of the University and in the Relationship Agreement approved by both organisations. The Union receives a Block Grant from the University and part-occupies a building owned by the University, which also pays for utilities, caretaking and cleaning staff. This non-monetary support is intrinsic to the relationship between the University and the Union.

Although recommended by the Charities SORP, which has been adopted for this and future financial years for due compliance with the requirements the Charities Act 2011, it is not possible to identify an estimated value to the Union for this free serviced accommodation as the University does not separate out the property costs of individual floors of its buildings. Although the Union continues to generate supplementary funding from various financial support.

The trustees consider it reasonable to anticipate that this or equivalent support from the University will continue for the foreseeable future, as the Education Act 1994 imposes a duty on the University to ensure the financial viability of its student representative body in one form or another. The trustees therefore consider the Union to be financially viable for the foreseeable future.

Principal Risks and Uncertainties

The Board reviews the current and planned future activities in the light of any major risks arising from time to time and the effectiveness of systems and procedures designed to manage them. The table below shows the principal risks and uncertainties currently facing the Union, as identified by the Board, and the level of residual risk each poses to the Union with mitigations in place.

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Risk Rating
Risk to key stakeholder relationships should there be any changes in university
leadership. This could hold financial risk to the organisation in annual budget
planning rounds.
Officer/staff team to negatively impact relationship and reputation with
significant stakeholders.
Freedom of speech uncertainties and increased student demonstrations on
campus
Failure to build a relationship with the membership, leading to poor
engagement with the Union.
Uncertainties linked to the launch of the new free speech complaints scheme
which will enable past and present students to complain about free speech
issues
Governance structures fail to satisfy Charity Commission requirements.
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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Non-compliance with safeguarding, HR, H&S and Finance laws and regulations. Ensuring USSU employees comply with staff visa restrictions imposed on them. Loss of personal data. Non-compliance with DPA and GDPR regulations leading to investigation and fines. The Union fails to deliver on approved strategic plan leading to widespread dissatisfaction from members. This could occur if officers, teams, and staff are not kept on track to deliver the terms in the plan. Impact of cost-of-living crisis sees the union block grant funding reduced, this could impact ability to deliver or grow in the way the Union plans to. Cost of living could also see impact on retention levels and the ability to retain staff. Change in student profile means that our Union no longer provides appropriate services. Failure to acknowledge the need for physical space to enable the SU to operate and maximise its potential Ability to maintain cross campus relationships both internally and externally to the Union. Loss of data sharing agreement with the University both in Sunderland and London. and future developments leading to conflict or lack of support with University priorities. Ability to resource the spaces we have if there are any financial impacts to the Union. Failure to engage membership in democratic activity threatens legitimacy of Union.

Risk Key:

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High
Medium
Low
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These risks are regularly reviewed by the Board, with mitigation plans updated on a regular basis by the management team to ensure that the agreed control and mitigation measures are effective.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

3. Aims, Objectives and Activities

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

In pursuit of these aims for the public benefit, the Union will ensure the diversity of its membership is recognised, valued and supported and has established departments and services for use by its members and to support its work with the University and other organisations on behalf of students. Executive Officers of the Union sit on key committees of the University and meet regularly with providers of public services affecting students.

strategic plan sets out the following objectives for the organisation to pursue:

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Our priorities are as follows:

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Our principles are:

Principle 1: PASSIONATE

Your SU will help you love what you do and show it. We are proud of our student community, and we will offer the best opportunities to help you grow and achieve your goals.

Principle 2: INTEGRITY

Your SU will create and sustain trust in all we do to support our students. We will respect all people and their perspectives, in our service to students.

Principle 3: EMPOWERING

Your SU will help you be bold in trying new things, taking opportunities and providing students with the means to shape your own future.

Principle 4: SUCCESS

Your SU will put success and your achievements at the heart of what we do as our ultimate goal.

Principle 5: INCLUSIVE

Your SU will embrace and celebrate diversity, ensuring equal opportunities are available for everyone, knocking down the barriers in a supportive space.

When reviewing our objectives and planning our activities, we have given due consideration to the benefit. Union provides a wide range of representation, advocacy, advice, training, publications, events, personal development support, and other services to students at the University of Sunderland in furtherance of the educational mission of the institution.

and the wider Sunderland community who are affected by different policies, legislation and political agendas, and is recognised as the voice of Sunderland students.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

4. Achievements and Performance

Collectively in 2024/25 has:

Projects and initiatives

new Strategic Plan which is being launched this coming year.

University wide projects. Two examples include consultations on the University accommodation provision as well as the Murray Library refurbishment project.

Several collaborative projects have been initiated with the University over the past year including the Welcome Project, aimed at improving the student experience on arrival at the University of Sunderland.

Student Voice

During 2024/2025 we recruited and trained 459 Course Reps across both campuses of the University.

We also recruited 27 Student Voice Reps (21 in Sunderland and 6 in London). This number is the highest number of recruited roles for the full length of their service. Highlights and achievements for these posts include having representation at the Office for Students board meeting with John Blake and the BA(Hons) Community and Youth Course being reinstated.

Over the year we continued to enjoy University in the facilitation of Representation Roundtable events. These have brought together student representatives with academic and professional services staff to discuss and debate live issues and University developments. An example of a strategic discussion which took place was the development of the Universit s new Student Success Plan putting students at the heart of the decisions being taken by the University.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

These success stories demonstrate the impact student representation can have on all students studying at the University and the key role it plays in enhancing the student experience.

Your SU supported many national student campaigns during 2024/25 including:

Change It

Change It continued during the 2024-2025 academic year as a process for students to develop ideas for Union campaigns and put them forward for consideration by the wider student body. Over the past year we had 12 submissions, publishing 6. Across those published submissions, there were 873 interactions (signatures, thumbs up, and thumbs down), as well as 155 comments. The current state

Going into 2025/26, Change It has been paused pending discussion about how it can be rethought and reimagined to align with the new Community Organising model and governance structure.

A M was held on 14 November 2024 with 42 voting members present, which was below the quorum required for the meeting to take place that day. It reconvened on 21 November 2024. revised Articles were approved bye-laws were presented and approved, removing the obligation for a to take place and leaving it up to the discretion of the Trustees. The as well as implementing the new governance structure.

NUS

The Union continued to engage with the NUS this year, participating in the process to change its democratic structure. There was no National Conference this year due to the reorganisation. Instead, s Campaign Days, including the NUS National Lobby Day for No More Guarantors, which developed our relationship with the Secretary of State for Education, Bridget Phillipson MP.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Elections

The 2024/25 spring elections were the first for the refreshed Sabbatical Officer model, reducing the posts to two full time officers, a President: Sunderland and a President: London. There were 3,844 votes cast from 2,489 individual voters. This was a turnout of 8.48% overall (12.4% with Hong Kong and other international partnership campuses removed from turnout). 1,268 voters were from London Campus. There were 11 confirmed candidates, with no withdrawals. To reflect the new governance structure, there were two posts for election this year rather than the 10 that were elected previously. The voting window was also reduced from 5 days to 3 days.

Advice

The Advice Service has maintained its focus on supporting students across the full range of academic issues they may face, including Academic Misconduct allegations, Appeals and Complaints as well both General Misconduct and Fitness to Practice.

This year, the advice service handled 239 cases across the Sunderland and London campuses, broken down as follows:

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Sunderland London Total
Academic Misconduct 37 12 49
Complaints 28 5 33
Appeals 81 9 90
Extenuating Circumstances 16 1 17
Changing/Leaving Course 10 1 11
Progression 2 0 2
General Misconduct / Fitness to Practice 19 1 20
Personal 3 0 3
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Continued emphasis on awareness and promotion has seen Academic Misconduct, once our primary issue, decrease further. We also believe this may be attributed to work the Assessment Innovation Project has been engaged in, leading to a stabilising of the numbers of students engaging in academic misconduct.

For full context, although this looks to be drop in the overall number of cases compared to last year, there have been extended time periods where the advice service was operating at 50% staff capacity, either due to staff leaving and recruitment needing to be completed or long-term sick leave.

The advice service would also highlight that the complexity of cases is increasing, especially in the Complaints and General Misconduct/Fitness to Practice categories. The amount of time required from an Advice Caseworker for these types of cases can become quite time consuming. A case of particular note took just over 42 hours of staff time. In comparison, a relatively straight forward Academic Misconduct case averages 90 minutes of staff time.

The increase in complexity, and the consequent impact on stiff time has an effect on the total number of cases that can be handled at once.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Events and Activities

Our annual welcome program across both campuses saw over 3,500 attendees across both Sunderland and London. One of the biggest highlights for this academic year was launching a program of welcome activities in London targeted at integrating students into the University experience, alongside welcoming students to the city of London.

There were over 170 events hosted across both the Sunderland and London campuses.

Some of the event highlights from both Sunderland and London include: Global Culture Day, Diwali, Nigerian Independence Day and our London Summer Fete.

Societies

Our societies continue to play a vital role in providing opportunities for new experiences to be fostered and belonging on campus. Society activities increased by 20% compared to 2023/24 with over 320 student led events taking place across the Sunderland and London campuses.

Academic Societies have continued to increase with a total of 21 now operating across both campuses. As part of the new models of student engagement and our deepened faculty engagement levels, this would be expected to rise significantly in the coming years.

In addition a total of 328 student-led events took place in 2024/25 which is a 23% increase on the previous total.

There were also 40 cultural events held in our spaces across both Sunderland and London representing a 110% increase compared to 2023/24.

Volunteering

Volunteering and extracurricular offer, helping our students to meet new people, learn new skills and boost their employability too.

In 2024/25s year we have had 75 different student volunteers across the different roles and opportunities in Sunderland, including:

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

5. Future Plans

Our key priorities for 2025/26 are:

What are our next challenges?

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

6. Financial Review

1,330,930 (2024: £1,410,964). Total expenditure of £1,215,388 (2024: £1,528,754) on the wide-ranging student benefits we provide within a broadly balanced budget, as well as on the modest fundraising and other revenuegenerating activities we undertake, left an operating surplus for the year of £118,542 (2024: deficit of £117,790) after movements between unrestricted and designated funds and the annual A debit of £7,195 within the operating costs relates to the adjustment of the pension liability as outlined below.

Since the entry into effect of FRS102 there has been a change of accounting policy regarding pension deficits. Previously, a prior year adjustment was recognised for the full SUSS deficit plan payable over 17 years allowing for the three year advance payment made in October 2014 and unwinding the discount received on that early payment. In June 2022 SUSS underwent its latest triennial actuarial valuation and the outcome was reported to member Unions in March 2023. Notifications of increases in deficit contributions were received in May 2023, and therefore the 7.

During the 2023/24 financial year, the Union made a three year lump sum deficit reduction contribution of £582,283. The year-end accounts have recalculated the net present value of the revised expected contributions up to May 2037. An adjustment to the revised future contributions has been debited £1,305,977 (2024: £1,424,519). Having made the three year payment in November 2023, the Union will not owe any further contributions until November 2026, and will be in negotiations with the University up to that point about how they will be able to support future deficit contributions withing the overall funding envelope awarded to the Union.

The Trustee Board took a decision in July 2016 to create a designated fund to contribute to the three year required from October 2017 onwards. At 1 August 2024 the fund stood at £156,154. No further expenditure was made from the fund during the 2024/25 financial year but at year end, following a transfer of £62,592 from general unrestricted funds, the fund stood at £218,746.

Additionally, at the end of the 2018/19 financial year another designated fund was established to strategic plan. This fund stood at £10,000 at the start of the 2024/25 financial year. No further funds were spent from this reserve during 2024/25 so it retained a balance of £10,000 at year end.

democracy and governance structure following the 2024 review of the Articles of Association. This fund held £10,000 at the start of the 2024/25 year. No expenditure was made in year, and a further £5,000 was added at year end leaving a balance of £15,000.

The Trustee Board made a decision at the end of 2024/25 to consolidate the remainder of its designated funds with balances of under £10,000 into a new reserve to provide funding for the 9 was moved from two other reserves, and a further £20,000 allocated to create a Designated Strategy Fund, holding £26,539.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Reserves level and policy

The Trustees have adopted a reserves policy, the objective of which is to protect the Union and its charitable activities by ensuring adequate liquidity while the organisation adjusts to any short term (two to three months) changes it encounters in its financial and operating environment. At the same time the Trustees wanted to ensure reserves were not too high in order to maximise the support the ongoing activities of the Union. Following this policy the Trustees have set a target of the Union holding £200,000 in unrestricted funds (not including the pension deficit reserve).

As noted above, due to the recognition of the pension scheme requirements of FRS102, the Union's income and expenditure reserves are an accumulated deficit of £1,305,977 (2024: £1,424,519). Within that figure, unrestricted reserves total £250,000 (2024: £220,000). As that figure exceeds the £200,000 target, the Union is confident that it has a sustainable level of reserves, subject to future changes in pension deficit contributions.

The implementation of this policy sees the Union holding the following reserves for the stated purpose:

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Item 31 July 2024 31 July 2025
£ £
Unrestricted funds 220,000 250,000
Pension Reserve (1,842,601) (1,835,406)
Designated Capital Fund being a fund representing the 15,389 9,138
net book value of fixed assets owned by the charity
Designated Pension Deficit Payment Reserve being 156,154 218,752
a fund setting aside a contribution to future pension deficit
payments
Designated Staff Development Reserve - being a fund 10,000 10,000
to cover staff learning and development in support of the
people strategy
-
Designated Strategy Development Reserve - being a 26,539
strategic plan.
Designated Change Management Fund being a fund 10,000 15,000
and governance structure
-
Designated Website Development Reserve being a 1,539
fund to support the redesign and restructuring of the
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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025 FOR THE YEAR ENDED 31 JULY 2025
Designated Data & Insight Reserve
being a fund to		 5,000 -
Total Reserves (1,424,519) (1,305,977)

Going Concern

Following negotiations with the University the Union has been successful in retaining significant block grant funding for 2025/26. The budget indicates that a small operating loss would be incurred that may require the Union to utilise some of its unrestricted reserves to cover the shortfall, should savings not be made in the course of the year.

The trustees continue to review and update their financial forecasts for the short- and mediumterm future. senior leadership and are reassured that the University remains committed to maintaining its grant funding of the Union at the current level for at least the next financial year. The trustee board also financial support for the Union. At the point of signing the accounts, the trustees are satisfied that Sunderland SU remains a going concern.

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

7.

statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these accounts, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006.

The trustees 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 are responsible for the maintenance and integrity of the corporate and financial governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

In so far as the trustees are aware at the date of approval of this report:

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UNIVERSITY OF SUNDERLAND STUDENTS UNION (A COMPANY LIMITED BY GUARANTEE)

FOR THE YEAR ENDED 31 JULY 2025

Approved by the Board of Trustees on 8 December 2025 and signed on its behalf by

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

Chair of the Trustee Board

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Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNIVERSITY OF SUNDERLAND STUDENTS. UNION Opinion We have audited the financial stslements of University of Sundedand Students, Union (the 'tharity'l for the year ended 31 July 2025 which comprise the slalement of financial aclivilies. the balance sheet, the slalement of cash flows and notes lo the financial statements, including significant a￿OUntIng policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of I￿land (United Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial slatemenls.. give a true and fail view of the slate of the charitable company's affairs as al 31 July 2025 and of ils incoming resources and application of resources, including ils income and expenditure, 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 Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are ftjrther described in the Audilorts ￿SponsIbl1rfAes for the audit of the finanoi81 statements sedion of our report. We are independent of the charity in accordance with the ethi¢al 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 ¥Mth these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stalemenls, we have concluded that the Iruslees, 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 Dr collectively, may casl significant doubt on Ihe charity's ability to continue as a going concern for a period of at least Melve rnonlhs from ¥Nhen the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wth respect lo going concern are described in the relevant sections of this report. other inforniation The other information comprises the information included in the annual report other than the financial $18lements and our audilorfs report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the fi'nancial slalemenls does not cover the other infomiation and. except to the exlenl otherwise explicitly stated in our report, we do not express any fomi of assuran￿ conclLJsion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent ¥Mth the finanaal slalements or our knowledge obtained in the course of the audit, or olhenNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls, we are required to determine whether this gives rise to 8 material misstatement in the financial stslemenls themselves. If, based on the work we have performed, we conclude that there is a material misslatemenl of this other information, we a￿ required lo report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Iruslees, report for the financial year for whieh the financial slalements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial slalemenls", and the directors. report included within the trustees. report has been prepared in accordance with applicable legal requirements. 19-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF UNIVERSITY OF SUNDERLAND STUDENTS. UNION Matters on which are required to report by exception In the light of the knowledge and understsnding of the charity and its environment obtained in the course of the audit. we have not identified material misststemenls in the directors, report included wthin the Iruslees, report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us to report lo you if, in our opinion. adequate accounting records have not been kept, or returns adequate for our audit have not been re￿iVed from branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit, or the Iruslees were not entitled lo prepare the financial slalements in accordance with the small Companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requirement lo prepare a strategic report. Respon$lbllltles of tru$tee$ As explained more fully in the statement of Iruslees. responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine 15 necessary lo enable the preparation of financial slalemenls that are free from material misslalement, whether due lo fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the charity's ability lo continue as a going Concern, disclosing, as applicable, matters related lo going Concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditorfs responsibilities for tho audit of the financial statoments Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstslemenl when il exists. Misslalemenls can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influence the e¢onomi¢ decisions of users taken on the basis of these financial slatemenls. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.11 www.fr¢.org.uklaudilorsresponsibilities. This description forms part of our auditor's report. -20-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF UNIVERSITY OF SUNDERLAND STUDENTS. UNION Extent to which the audit was considered capable of detecting irregularities, including fraud Itregularilies, Induding fraud, are Instances of non-compliance with laws and regulations. We design procedures in line wth our responsibilities, outlined above and on the Financial Reporting Council's website, lo delect material misslalements in respect of irregularities, including fraud. We obtain and update our understsnding of the entity. ils aclivilies. ils control environment. and likely future developments. including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary lo applicable laws and regulations, in¢luding fraud. We identified the followng applicable laws and regulations as those most likely to have a material impact on the financial stslemenls. Health and Safely.. employment law (including the Working Time Dire¢tivel', and Compliance with both the UK Companies Act and Charities Act. In response to the risk of irregularities and non-compliance wth laws and regulations, including fraud, we designed procedures which induded.. Enquiry of management and those charged with goveman¢e around actual and potential liligalion and claims as well as actual, suspected and alleged fraud", Reviewing minutes of meetings of those charged with governan￿.. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial stslements or the operations of the enlily through enquiry and inspection.. Reviewing financial statement disdosures and testing to supporting documentation to assess compliance with applicable laws and regulations., Performing audit work over the risk of management bias and override of controls, including lesling of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimales for indi¢8tors of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misslatemenl in the financial slalements or non-¢omplian¢e wrth regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we wll be less likely to become aware of InStan￿S of non-compliance. The risk of not detecting a material misslatemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 21

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF UNIVERSITY OF SUNDERLAND STUDENTS. UNION 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 stale to the charitable ¢ompany's members those matters we are required lo slate lo 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, for this report, or for the opinions we have formed. Simon Brown BA ACA DChA (Senior Statutory Auditor) For and on behalf of Azets Audit Services. Statutory Auditor Chartered Accountsnts Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS Date.. -22-

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Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION BALANCE SHEET ASAT31 JULY2025 2025 2024 Notes Fixed assets Tangible assets 11 9,138 15,388 Current assets Stocks Debtors Cash at bank and in hand 12 13 5,837 13,160 1,836,126 6,282 27,111 473,459 1,855,123 506,852 Credltors: amounts falllng due wlthln one year 14 11,334,841) 1104,1671 Net current assets 520,282 402,685 Total assets less current liabilities 529,420 418,073 Credrtors: arnounts falling due after more than one year Other creditors 1,835,397 1.842,592 11,835,397) {1,842,5921 Net Ilabllltles 11,305,977) {1,424,5191 The funds of the charity Unrestricted funds- general Unrestricted funds- Designated Funds 18 17 250,000 11,555,977) 220,001 {1,644.5201 11,305,977) {1,424,5191 The notes on page$ 27 to 37 form part of these financial ststements. The financial slalements were approved by the trustees on 08 December 2025 Chalr of the Tru$lg9 Board Company registration number 07702161 (England and Wales) -25-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash generated fromllabsorbed by) operations 21 1,349,362 1538,8511 Invg$tlng a￿1¥111￿$ Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment income received 14,1681 4,675 17,568 13,305 Net cash generated from investing activities 13,305 18,075 Not ¢a$h gengratgd from flnan¢lng a￿1vItIeS Net increaselldecreasel in cash and cash equlvalents 1,362,687 1520,7761 Cash and cash equivalents at beginning of year 473,459 994,235 Cash and cash equivalents at end of year 1,836,126 473,459 The notes on pages 27 10 37 form part of these financial stslemenls. -26-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2025 Accounting policies Charity inforniation University of Sunderland Students, Union is a company limited by guarantee, registered in England and Wales, INO 077021611 and not having a share capital. In the event of the company being wound up, the liability in respect of the guarantee is limited lo £1 per member of the charity. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Finanaal Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland IFRS 1021" The charity is a Public Benefit Enlily as defined by FRS 102. The financial statements are prepared In sleding, which Is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention or revaluation unless otherwise slated in the relevant accounting policy nolelsl The principal accounting policies adopted are sel out below. 1.2 Going ¢on¢em The Union is dependent, in the absen￿ of other funding, on the continued financial support of the University of Sunderland. The trLJslees believe, on the basis of diswssions held, that further support will continue lo be made available from the University. A pension liability of £1,835,406 shown in notes 14 has been provided in the financial statements in accordance with FRS 102. The liabilty represents the additional ¢onlribulion5 required in line with the Recovery Plan which runs lo 2035. Further detail in relation lo the recognition of the liability can be found in note 14. The pension liability does not fall due immediately the￿fore the trustees continue lo prepare the financial slalements on a going concern basis. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objectives and have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Reslricled funds are subject to specific conditions by donors or grantors as to how they may be used. The putpose5 and uses of the restricted fund5 are sel out In the note5 to the financial 5ts1emenls. The cost of raising anf administering such funds are charged against the specific fund. 1.4 Income Donated serVi￿S and facilities are recognised as income when the charity has control over the item, any conditions associated wth the donated item have been mel, and the re￿Ipl of economic benefit can be measured reliably. In accordance wth the Charities SORP IFRS 1021, the general volunteer lime is not recognised and refer lo the directors report for more information about their conlribulion. Donated services and donated facilities are re￿gnised on the basis of the value of the gift to the Charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent benefit on the open market,. a corresponding amount is then recognised in the expenditure for the period. -27-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 Accountlng pollcles Icontlnuedl l incoming resources are included in the Slalemenl of Financial Activities ISOFAI when the charity has enlillement to the funds, any performance conditions have been mel, the amount can be measured reliably and it is probable that the income will be received. Income from charitable activities includes income received under contract or where entitlement to grant funding is subject lo specific performance conditions and is recognised as earned. Grant income included in this category provides funding to support performance activities and Is recognised where there is enlillement, certainly of receipt and the amount can be measured wth reasonable certainly. Income received lo deliver services over a specific period covering more than one financial year is accounted for over the specific period., related expenditure is accounted when incurred. Investment income relates to interest earned through holding assets on deposf(. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third paty. il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Can be measured reliably. Support costs are those that assist the work of the charity but do not directly represent charitable acitivites and include office costs, governance costs and adminislralive payroll costs. They are incurred directly in support of expenditure on the objects of the charity. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al wst and subsequently measured at cost or valuation. net of depreciation and any impaimient losses. Depreaation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 200h and 330h on a slr8ighl line basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial ath'vib'es. l assets costing more than £500 a￿ capitslised. 1.7 Impalrment of flxed assets At each reporb'ng end date, the charity reviews the carrying amounts of ils tangible assets lo determine whether there Is any indication that those assets have suffered an Impairment loss. If any such Indication exists, the recoverable amount ol the asset is eslimaled in order lo determine the extent of the impairment loss lif any). 1.8 Stocks Stocks are slated al the lower of cost and eslimaled selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. Nel realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing. selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held al call wth banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. -28-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 Accountlng pollcles Icontlnuedl 1.10 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of ils finanaal inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions of the Inslrumenl. Financial assets and liabilities are offset, wf(h the net amounts presented in the financial slatemenls, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setue the liability simLJltaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Ir8nsaclion, where the transaction is measured at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrLJment is measured at the present value of the fijture payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carrieLI al amortised cost, using the effective Interest rale method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequendy measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Taxation The charity is an exempl charity wi(hin the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation lax purposes. 1.12 Employee beneflts The cost of any unused holiday enlitiement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide lerminalion benefits. -29-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 Accountlng pollcles Icontlnuedl 1.13 Penslons University of Sunderland Students, Union participates in the Students, Union Superannuation Scheme, a defined benefit scheme which is externally funded and contracted DUI of the Stale Second Pension. The fund is valued al least every three years by a professionally qualified independent actuary wth the rates of contribution payable being determined by the Iruslees on the advice of the actuary. The scheme operates as a pooled arrangement, wrth contributions paid al a centrally agreed rate. As a consequence, no share of thè undedying assets and liabilities can be directly attributed to the University of Sunderland Students, Union. Under the terms of FRS17, in these circumstsnces contributions are accounted for as if the Scheme were a defined contribution scheme based on actual contributions paid throughout the year. In line with FRS 102 any contributions required as part of a recovery plan need to be recognised in full at net present value al the balan￿ sheet dale. 1.14 Judgements in applying accounting policies and key sources of estimation uncertainty The charity makes eslimales and assumptions concèrning the future. The resulting accounting eslimales wll, by definition, seldom equ81 the related actual results. The eslimales and assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities wthin the next financial year are addressed below. The trustees consider that the principal accounting estimate is in relation lo the discount rate used in the valuation of the pension scheme liability. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the carrying amount ol assets and liabilities that are not readily apparent from other sources. The eslimales 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 eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2025 Unrestricted funds 2024 Block grant 1,244,000 1,296,000 30-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 Income from charitable activities Unrestrlcted Unrestrlcted funds funds 2025 2024 Charitable activities Student services Commercial income 76,625 84,939 12,457 76,625 97,396 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Deposit account interest 13,305 17,568 Expendlture on charltsble actlvltles Charitable Unwinding activities of pension liabillty 2025 Total Charitable activities 202S 2025 2024 Dlrect Costs staff costs Student services 880,566 259,311 880,566 259,311 956,721 308,749 1,139,877 1,139,877 1,265,470 Share of support and governance costs Isee note 71 Support Governance 71,206 11,500 17,1951 64,011 11,500 257,684 5,600 1.222.583 17,1951 1,215,388 1,528,754 Analysls by fund Unrestricted funds- general Unrestricted funds- Designated Funds 1,216,206 6,377 1,216,206 18181 1,508,190 20,564 17,1951 1,222,583 17,1951 1,215,388 1,528,754 31

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 Support costs allocated to activities 2025 2024 Depreciation Finance Adminislralion Information technology Governance costs 6,250 26,824 24,509 6,428 11,500 7,582 92,615 157,187 300 5,600 75,511 263,284 Analysed between: Charitable activities Unwinding of pension liability 82,706 17,1951 263,284 75,511 263,284 Net movement In funds 2025 2024 The nel movement in funds is slated after chargingllcredilingl.. Fees payable for the audit of the charity's financial slalemenls Depreaation of owned tangible fixed assets 11,500 6.250 5,600 7,582 Employees The average monthly number of employees dLJring the year was.. 2025 Number 2024 Number Direct Admin Management 21 Total 24 29 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 766,633 77,851 36,082 842,046 72,028 42,647 880,566 956,721 32-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 Employees Icontlnuedl The trustees are made up of external Iruslees and sabbatical officers., external Iruslees were not paid or re￿iVed any other benefits from employment in the year12024 - £nill, sabbatical Iruslees were paid £70,205 12024 - £42,596) as pemiitled by the Students, Union's Ordinance and Regulations. No trustee re￿iVed payment for professional or other services SLJpplied to the charity12024 £nill. The reimbursement of trustees expenses were £2,84412024- £4,8641. The key management personnel of the charity comprise the Chief Executive Officer, Interim Deputy Chief Executive, HR and Operations Manager, Finance Manager, Student Experience Manager, Student Communities Manager, SU London Manager and Head of Sludenl Engagement. The totsl employee benefits of the key management personnel of the charity were £323,83012024 - £304.9121 The number of employees whose annual remuneration was more than £60,000 is as follows.. 202S Number 2024 Number £60,000 to £70,000 10 Taxatlon The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes. 11 Tangible fixed assets Fixtures and fitting5 Cost At 1 August 2024 92,017 Al 31 July 2025 92,017 Depreclatlon and Impalment At 1 AugLJSt 2024 Depreciation charged in the year 76.629 6,250 At 31 July 2025 82,879 Carrylng amount Al 31 July 2025 9,138 At 31 July 2024 15,388 12 Stocks 2025 2024 Finished goods and goods for resale 5,837 6,282 33-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 13 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 10,769 407 1,984 18,006 4,413 4,692 13,160 27,111 14 Credltors: amounts falllng due wlthln one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 22,482 11,068 24,988 1,276,303 22,690 34,168 21,752 25,557 1,334,841 104,167 In other cred(tors are funds of £13,741 12024- £15,675) held on behalf of the Students, Union societies. 15 Creditors- amounts falling due after more than one year 2025 2024 Trade creditors 1,835,397 1,842,592 16 Retirement benefit schemes 2026 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 36.082 42,647 34-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 17 Unrestricted funds- Designated Funds These are unreslricled fvnds which are material lo the charity's activities. At 1 August 2024 Resources expended Transfers At31 July 2025 Pension deficit Capital fund Pension payment fund Staff development fund Website development fund Data and insight fund Change management Strategy fund 11,842,601) 15,388 158,154 10,000 1,539 5,000 10,000 7,195 16,2501 {1,835,4061 9,138 218,752 10,000 62,598 127 11.5391 15,0001 5,000 26,539 11271 15,000 26,539 11,644,520) 818 87,725 {1,555.9771 Previous year: At 1 August 2023 Resources expended Transfers At31 July 2024 Pension deficit Capital ftjnd Pension payment fund Staff development fund Website development fund Articles review fund Data and insight fund Change management 12,257,071) 24,618 255,129 11,470 7,125 7,000 5,000 414,470 19,2301 198,9751 6,508 {1,842,6011 15.388 156,154 10,000 1,539 17,9781 15,5861 17,0001 5,000 10,000 10,000 11,946,729) 120,5641 322.773 {1,644,5201 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These Indude designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 August 2024 Incoming resources Resources expended Transfers At31 July 2025 General funds 220,001 1,333,930 11,216,206) 187,7251 250,000 35-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 18 Unrestrlcted funds Icontlnuedl Prevlous year: At 1 August 2023 Incomlng resources Resources expended Transfers At31 July 2024 General funds 200,000 1,410,964 11,508,190) 117,227 220,001 19 Analysls of net assets between funds Unrestricted Unrestricted funds funds general Designated Funds 2025 Total 2025 2025 At 31 July 2025: Tangible assets Current assetsllliabilitiesl Long term liabilities 15,388 234,812 16,2501 9,138 285,670 520,282 11,835,397) {1,835,3971 250,000 11,555,977) {1,305,9771 Unrestrlcled Unrestrlctgd funds funds general Designated Funds 2024 Totsl 2024 2024 At 31 July 2024: Tangible assets Current assetsllliabililiesl Long temi liabilities 15,388 204,613 15,388 198,072 402,685 11,842.5921 {1,842,5921 220,001 11.644,5201 {1,424,5191 20 Related party transactlons The nature of the relationship with the Universty of Sunderland is such that the following transactions have been reported as related party transactions.. Block grant received.. £1,224,00012024.. £1,296,000). Other income.. £9,311 12024." £24,957) Balance included in debtors." £4,631 12024.. £3,252) Balance included in deferred income.. £1,244,00012024'. nil) The balance in deferred income is the block grant for 2026. 36-

Docusign Envelope ID.. B3B5CC61-3B024904-B344-5F5304945F30 UNIVERSITY OF SUNDERLAND STUDENTS, UNION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 JULY2025 21 Cash generated fromllabsorbed by) operations 2025 2024 Surpluslldeficill for the year 118,542 1117,7901 Adjustments for- Investment income recognised in statement of financial activities Depreaalion and impairment of tangible fixed assets 113,3051 6,250 117,5681 7,582 Movements in working capital: Decrease in stocks Decrease in debtors Increaselldecreasel in creditors 445 13.951 1,223,479 2,662 23,061 1436,7981 Cash gonoratad fromllabsorbad by) operations 1,349.362 1538,8511 22 Anatysis of changes in net funds The charity had no material debt during the year. 37-