ANGLIA RUSKIN STUDENTS, UNION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST JULY 2024
Company Limited by Guarantee Number: 08064796
Charity Number: 1148574

NG
NIO
MEN
ED3
srJuLY 2
24
CONTENTS
Page
Board of Trustees and Union Information
Trustee5 Report
Independent Auditors, ReFQrt
10-12
Statement of Financial Attivities
13
Balan￿ Sh￿t
14
Statement of Cash Flows
15
Notes to Financial Statements
16-26

KIN
DENT
TRUSTEE
D UNION IN
RM
BOARD OF
TrusrEES
Ramees Nazar- Pregdent and Chair of Trustees (Appointed l July 2024)
leena Thomas- WKe President FHEMS {AppointaY l July 2024)
Sreya Dileepan- VI￿ Presldent F8L (Appointed l July 2024)
Rohan Rajesh - VI￿ Presdent FAHESS {Apwinted l July 2024)
Gawdham Melath- Vice President FSE {Appolnted l July 2024)
Muneeb Iqbal - Presldent and Chair of Trustees (Appolnted l Juty 2023, Resign&Y 30th June
2024)
Nithin-Raj Govindan Krishnan - Vice l>wdent FHEMS (Appointed l July 2023, Resignej 3
June 2024}
Adora 5iqueird- Wice Presldent FSE (Appw)inted l July 2023, Reslgned 30th June 2024)
lima Muraleedharan Menon - V￿e Presithnt FBL {Appointed l July 2023. Reslgned 30th
June 2024)
Arya Shajl - WI￿ President FAHESS (Appointed I july 2023, Resign￿ June 2024)
Richard Halderthay- External Trustee (Chair Of A&G Committee)
Teresa Jordan - Extemal Trl￿ (Chair Of F&R Committ￿)
Richard Watson- Extemal Trustee
Sian Myers- External Trustee (Chair Of HR & EE Committee)
Ashley Cory- External Trustee
CHIEF
EXEcirrivE
John Valerkou
REGISTERED
OFFICE
East Road
Cambridge
CBI IPT
AUDITORS
Knox Cropper LLP
65 Leadenhall Str
London
EC2A 2AD
BANKERS
Lloyds Bank Ilc
l Legg Street
Chelmsford
Essex
CMI IJS

ARUS
DEN
NXON
Tru
REP
The Trustees (who are also the Dlrectors of the tharitable company for the wrpose5 of the Companies Act) pre4ent
their combined Directors, retx)rt and TTUStees' annual report, as requir￿ by company law, together with the audlted
financial statements of Anglia Rusk]n Studenw Un￿n {the company) for the year ended 31 July 2024. The Trustees
confirm that the Annual Report and finandal ststements of the company CoM￿Y with the current statutory
requirements, the requirements of the companvs goveming document and the provisions of the Statement of
RecOm￿ended PraLtice (SORP) 'Accounting and Reporting by Charitie5' issued in January 2015. The Trustees and
Directors Reports have teen combined undw the Companies Act 2006.
Alm$ objedlves and actlvltles
The Union 15 govemed by Arbcles of Association and the obiett of the Union is the advan￿rne￿t of education of
dents at Anglia Ruskin University for the Publ￿ benefit by:
Promoting the interests and welfare of thdents at Ang5ia Ruskin UniversSty during their period of study and
representing. supporting, and advising students
eeing the recognised repre5entstlve thannel between studerkts and Anglia R￿knn Unwersity and any other
extemal bodies
Prowding social, cultural, sportingi and ￿reatIonal acbwtie5 and forums for discussiorns and debate for the
personal development of Anglia Ruskin students.
Our seNlces and attlvfl￿S that we provide shape our work to deliver our strategy. The Students Union is S￿1t Into
the following aws of work.
Our work in ￿￿eSentatIOn supports students to campaign for change and represent their views at all
levels acros5 ARU. We hDld annual el￿￿)n5 for a variety of lea￿e￿hip positions. In 2023-24 over 550
course, tsculty, campus, and institutional tevel representstives were elected, ensuring that wr members
tead the direction of our Union. We Saw a further increase in the amount of course representstives this
year as the Universlty continued to grow.
Our advSce 5ervKe is an invaluable se￿1￿ to our students promding confidential, i[￿pendent advice to
our students who need a55iStance and hdp wlth navigatii)n of academic regulauons, a5515ting with
exceptional circumstsnces, aPFeals, acadpJnic miscondutt, student to student complaints and student to
university complaints. We continue to see an increase in demand for the Se￿￿ and this year have seen
an increase of over 20% in appointsnents tsking us over I6(￿j individual appointments for the team.
The Students, Union provide5 a krge Choi￿ of rerreational clubs and societie5 across our campuses for
sttjdents to join. Our aim has been to grow the number of clubs and soaeties and the number of st￿ents
who are members of these groups and sweties. AaDss all of our campus's we ex￿eded 150 groups and
socleties with over 3000 student members. These groups are all student-led and, with sUp￿rt from our
staff team, ran over 500 events last year both on and off campus. This year we had an e%tra f(KU5 on our
cours*based g)cieties in conjunction with our sts7tegic theme of 'lmproving your learning,. At our
Chelmsford campus we have seen a large rise in the number of M￿J￿Cal based course societies and tF
now totsl 21.

Page 13
rs, UNI
ND
2024
We now run dedicated events across all of our campuses throughout the year SUPF<)rting our belonging
strategic theme. Our events wot* trj bring students together and give them a sense of community. This
year we delivered hugely successful welcome weeks In Cambridge, Chelmsford, Petertxirough and Lon(h)n.
These were delivered during both the September and January intake perlod% In addl￿on to thls a further
welcome week was provided at our London campus in May to wdcome the new students who started then.
These weeks provide a wami welcome to all new ARU Students, helping them to connect, make friends
and ptEpare for studwng at ARU. At these weeks we provide a large number of events almed to provlde
wami welcome to all of our students. Highlights this year included the welcome frdlrs whlch saw over 7000
Students attendln9. We continue this provision throughout the year. Highlights within the year were our
Winter fair5, end of year celebratlons and our Holl events where hundreds of sbjdents came together to
celebrate Holl.
This year we focussed on our g¢xial 5pace5 in Chelmsford and Cambridge installing more Tv's and X boxes
which have proven to ￿ hLMJely POPLtlar. Aongside this we prov¢de free fruit, porridge and tea arKI coffee
maklng facilities to encourage our students to use the Spa￿ to relax and come together.
We offtr a range of commeroal se￿￿$ across our campus's. All campuses can make use of the online
shcp to purchase stationery and branded clothlng. In Chelmsford we run 92 which is a ￿fé style operation
seiling hot drinks and fwd to students during the day. In the evening, we run marTry events in the spa
with a fully licensed bar. In Cambridge we prowde 2 retsil Ou￿ets, one of which dosed this year due to the
University ￿furbI5hin9 the rear area of campus. Alongside these we have 2 Caf￿ at smalter S￿eS in
Cambridge. These 2 cafes are daytime operations selling hot drlnks and food. To provide for students
struggling wlth the cost of living we provide a meal for Just £1 each day to help them better manage their
bltrts.
ARU opened its brdnd-new ARU Peterborough campus in Septsmber 2022. The Students, Union was an
integral part of this. The team at Peterborough have further grown the Students, Union presence this year.
running events throughDUt the year f(￿￿sSIng on celeb￿tionS, liberatson months and craft events. 15 new
ieties have formed with over 200 members. Alongslde this the team have elerted 35 course reps to
represent students feedback and concerns back to the University.
The team In London are split over 2 sites, one in Farrlngdon and one in East India in doC￿andS. The
London tearn have 2 elerted officers who work alongslde a team of 6. Over the past 12 Fnonths, the
London team have overseen 13 student socleties who are mainly course based. The team have a150 run
numerous events that are besrL)ke to London students 5how(asing d￿erSty, ￿lebratIonS and empbyee
and skills-based events.
The Students, Union Is now split over 5 different sites, Cambridge, Chdmsforyl, Londcffl, Peterborough and
the nevve5t addition Writtle. The University merged wlth Writde Universlty College on the ISI of March
2023 forming ARU Writue and as part of that merger the Students, Union at Wiitde became part of ARU
stLtdents Union. This was a major piece of work over￿Ing the rnerger of staff, finan￿5 and attivities.
Writhe Students, Union now indudes a café, bar, suite of societies and activities, alongside a fully dected
teèm of volunteers and a Students, Union presldent.

Page 14
ANGUA R
UDENTS, U
TRusfEES R
RT
202
2023-2024
OUT Strategy
This yearfs focu5 Wa5 on continuing to deliver the 5-year stFategk plan for the Students, Union that was launched
In September 2020. The Strategic plan is detslled bdow.
CMJr Strategy shapes all the work that we do as a Studentg Union.
Our vision is to make a difference to every student with our miss6on for every student to discover new
things, build friendships and love their time at ARU.
The worl( of the Students, Unlon is divided into 4 dlfferent themes (the words you and your refer to the studenvs).
Theme l. Conversation5 With You- We wlll have meaningful and ￿nest conversations together. which shapes
what we do along your journey
Theme 2 Belonging- We will help you fomi strong communities and friendships to have fun and feel SUPFrfJrted by
the Universty, by us and by each other
Theme 3. Improving your Learning- We will Pla￿ your education at the heart of our woth. Collat*xating with you
and the Unwersty to make a positive impact now and for the students who come after
Theme 4. Bro&1ening your Horizons- We w511 help you develop and discover your ambitions for the future. We
115UPP)rt you to be brave, resilient and explore opportunities on your joumey through ARU
This is underpinned by values that shapE our behaViOu￿ and our ways of workir¥J
Creative- We think outside the box, leam from mlstskes and our imaginauon.
Challenging- We push ourselves, the University and students to think do things differenty.
o Inclusive- We will champknn the diversity of our skndents and of the communitses we are part of.
Sustslnable- We will champion wdlkirol equality, and justice, make ethical d￿lSIonS and help to grow
cleaner, fairer planet.
Collaboratlve- We are better when we work to￿ther.

Page 15
ANGLIA RUSKIN
S. UNION
YEAR ENDED 31sr
Our vision 15 to make a difference to every student with our mission for every student to discover new
thlngs, buSld friendships and love their time at ARU.
The Students, Unlon shapes its work and direcbon thrO￿h consultstion st￿￿ents. All staff are encouraged to
tslk to and lis￿ to students to find out their ne￿5. The Students, Union delivers its work through a projects-
based system. Proiects are shaped from the conversations with students as embedding these strateglc
conversations at the outset of all of our worK ensures our overall organlsational strategy is progressing. This also
helps staff to have Strategy at the forefrc¥)t of hvork day-tQ-day, as well as at key reflection le.g. reporting to
board).
The studen￿ UnSon aims to have extended its reath to as many students as possible and to ensure that the
students feel that the Students, Unkjn is there to support them throughout their unwersty journey.
We use an extunal insights company to survey our students through)ut the year whlch enables us to trad( (Jur
progress. This year we have seen 9)me decllnes In our key metriG from this suryey.
'1 am satisfied wth my Students Union'_ Tar￿ 49%, achieved 48%
'SU communications are relevant to me'_ Target 48%, achiev&142%
We also track our National Student Survey Sc(*e on qltestion 23
The target for th55 KPI Is that the per￿￿t of skndents who agree with the Student V0￿e question5 in the National
Sbjdent Survey {NSS} are materially ab)ve the TEF benchmark. We achieved 71.7% of respondents agreeing with
the questions that make up the Student Votce ￿lon m NSS, Th15 was not above the benchmark of 74.1%.
As a remiThYer. the Student Voice section is measured on aggregate scores of following que5tion5:
Q22. To what extent t*) you get the right opportunitie5 to give feedtock on your COUT5e?
Q23. To what extent are sbJ(lents' opinions aiythut the course valued by staffP
Q24. How clear is it that siudents, feedback on the COU￿ b acted on?
Q25. How well doe5 the students, union (a￿latIOn or guild) represent students, ac&Jemlc interests?
We are nearlng the end of our current strategic plan. In the 4 years slnce tts inception, we have seen many
changes to the operations of the Students, Union most notsbly an increase in I￿a￿"On$ frotn 3 to 5 and a change in
student demographics as our intemational student populailon ha5 increased. We bdieve this is a fallor in the
shortfall in our perf0mlan￿.
Looking ahead to 2024-25, we will using the start of this year to develop our new strategic plan, to focus on our
size and Sha￿ as an organisation and put fijrther fcKus onto the needs of our students. This 15 ￿heduled to be
approved by our trL￿t￿ board in March 2025

Page 16
TUDENfs' UNIO
LY 2024
FI￿nCIal review
The accounts show an incwse to the Union's general unrestricted reserves of £260 (2023: an increase of £188,684).
The Union spent £1.052,968 (2023: £972.058) on Athce and Ret*esentstion and E609,739 {2023: £576,899) on
Student Actiwties and £493,881 {2023: £333,931) on communications and maTketing. The Union'5 defiat on Student
Venues and Entertainments has worsened to £606,394 (2023: £371,634) on a full cost basis.
A deS￿nated reserye has been set up to refleci the remaining per6lon1Sabillty of £717,367 which is payable over the
next 12 years. The inclusion of the overall ￿nSIOn defiot and other designated reserves results in the total net a
amountsThJ to £485,46012023: a55ets of £483,616).
The Trustees note the Union has ended the finanoal year with a surplus of £1.844 {2023'. Surplus of £256,883) and
retained General R￿erVes, exduding the pension defiat, of £1,034,423 (2023- £1,034,163). The Unlon had net
assets of £485,460 at the year*nd (2023.. assets of £483,616) and remaSns finanaally strong.
At the year end, restrict￿ ftjnds of £56,143 (2023.. £40,461) and £16,248 (2023., nil) represent the unspent part of
the unive￿Ity grdnt which has been rlng-fenced for ￿￿ in relation to ARU Lond(n and ARU Peterborough
respectively.
The Union has a general re5erve5 policy of 3 IT￿nthS 0￿rating costs plus the finanaal implications of the top 5 risks
in the union's risk register which follows Charity C(thmissiDn guidan￿. We also have an investment ￿llIcI which
invests teFnpxJrary exce￿ reseNes which subject to rewew enables add￿lOnal strategic spending. We currenvy Iiave
exc￿$ r&EeNes approved by the Trustee Board pending the competitton al￿ approval of the new strategic plan.
Strurtur< Govemance And Managemont
Anglia Ruskin Students, Union {the'Unlon? Sncorporated as a company limited by guarantee (Company no.
08064PJ6) on 10th May 2012, and on 15th August 2012 registered as a new legal entity with the Charity
Commission (Charity no. 1148574). The Charitable Company took over the assets and activitie5 of the exisknng
unincorpDrated Union on Isi Septgnber 2012 from which date it commenced operations.
The Trustee Board operates three sub-committees to support their work and decision maklng. The Finance & Risk
Commitke oversees the financial rfsk management of the Union. The Appoinbnents and Governan
Committee oversees the appoinlment, inducbon and development of the Board and SenK)r Management Team of
the Union and the HR and Employ Engagement Committee oversees the sUPPOrt and development of employed
stsff and volunteers. Thi5 indudes the overslght of the Union's pay 5truLture, which includes the p3y &
remunerat￿￿ of senior personnel.
oFfi￿r Trustees are elthd by the sbjdent body. Extemal and Student Trustees are appointsd by a constituted
Appointments & Governan￿ Comrnittee and their appointsnent is ratified by Union Council. Trustee5 receive a full
induction into the Union and all categories of Trustee a￿ offered tralnltvj and development optx)rtunities to
SUPtY)rt them to be effective in thelr roles.
The Twstees have pald due regard to guidaMe issued ty the Charty Q)mmis&￿ on putdic benefit and other areas
in deC￿Ing what actiwties the tharity sFM)uld ￿r￿ertake.
The &heme of Delegated Authotity is reviewed annually by Trustees. Delegated authrrrity is given to ￿lef
Executfve to manage the Union by implementing the policy and strategy adopted by and within a budget approved
by the Trustees.

Page 17
ANG
USKIN STUDEN
NION
TR
YEAR
ED31-J
LY2
The Unlon is prinopally ftjnded wa a block grant from Anglia Ruskin Univer5ity- The Unlon works cl¢)sely with t
Universlty and our Strategic Plan, recognising the imwrtance of LEing a key parther with the University, reflects our
desire to work in partnership with the Instriution to ddiver t￿1r Corporate Plan.
The Senlor Management Team
Tl* Chlef Executwe is 5UPPOrted by ￿ DireLtor5, and along&de S￿cIaliSt finan￿, HR and strategic project stsff
they form the Senior Management Team. This team prnvid￿ strategic management of the union, manages Its
0￿ra￿"OnS and prowdes leadership for the staff and volunteers. The Senior Management Team report to the P4)ard
and its sub-committees, ensurirrfJ they are kept infornied of all aspects of the organisation. The board approve the
strategy and budgets for the un￿n.
Key Personnel Salarfes
TFE 5alarie5 of key personnel are determlned by placlng the role within a grade boundary on the Union's pay scale
and are subjeLt to the approval of the Trustees. Amnually remuneration is ￿lewed, and appropriate increments are
awarded to employees in line with budgets. Each time the Job Des(rlptk)n or respon&bilities of a role are changed
consideration 15 given to the grade Lx)undary best Suit￿ to the responsibilitEs of that ro￿.
Relationship with the unive￿Ity
The relati[￿ShIp be￿een University and the UnTrDn is establlshed in the RegL*latiDn5 of the Unlversity. The Unlon
r￿1Ve5 an annual Block Grant from the University, and part-occupie5 a number of buildings owned by the UnlversTty.
Although the Union continues to generate suppleM￿tary fundlng from various mutual trading activiknes. It will a￿ayS
be dependent on the University's support. ThetE Is no reason to believe that this or equivalent support the
University will not contr'nue for the foreseeable future, as the Educatfon Art 1994 imposes a duty on the Unlversity
to ensu￿ the financial viability of its siudent representative ￿y,
Rld( Management
The Trustees have examined the major strategK, business and operational risks tsced by the Sthdents, Union. A rlsk
register has been established and is updated at least annually. Where appropriate, sySt￿S or pro￿ureS have been
established to mitigate the risks the charity fa￿$. BL*Jgetary and intemal contrd ri5k5 are minimised by the
SmplementstK¥n of procedures for authorisation of all trnnsactions and projetts. Pr￿d￿reS are in pla￿ trj ensure
Complian￿ wlth health and safety of staff, volunteer5 and partlcipants on all acti￿￿e$ organised by the Union. These
procedures are pericdically reviewed to ensure that they continue to meet the needs of the charlty.
The Trustees rsJularty review the Union s key strategic risk5 to ensure the identified risks, aThJ the asso(ia
actions, remain ￿levant to the Union's developing needs arKI environment.. The FInan￿ and Risk Committee
a)nsider rfsks at each meeting as circumstances and events unfold and each sub-committee of the Board regularly
rewews the ri5k5 pe￿nent to their areas of interest. This year has seen the continued development of the Risk
Register by managenent as it 15 used In practi￿, liaising with the Flnance and Risk commiitee's extemal risk
expert as needed.

Page |
NGLI
NION
TR
EES
PORT
The key Strategic risks remaln as Identifigj in prior years grouped utk1er the fdlowing subjects:
Measuring internal and extemal tisk5;
Compllan
Financial
Governance & Strategy
Operational
Reputation
Pwple
External tosk
The key strategic rosks facing the Union were..
Internal
External
&)vernment Policy
Higher Education Policy
(partlcularfy Teaching Excellen￿ Framework and
National st￿￿t Survey), Non-Higher Education
Ongryng ￿jndIng
University Strategy- Recruitment succwts & Funding
Merger with Writde College
ARU merged with
Wrttle College a5 of 29th February 2024 which
increa￿1 student numbers - the work a￿1 risks in
this area changed as the proiert evolved and the
deadline
ached.
Legislative Framework- with referen￿ to Charity Law
ARU Students, Union 6s affiliated to the National Unlon of Students. NUS is a confederation of students. ursions and
afflllation therefore has no ifflpatt on the opwatsng pdloes adopted by ARU StIKlentg Union.

DE
EE
ENDED 31ST JULY 2024
srATEMENT OF TRUSTEES, RESPONSIBILrrIES
The Tru5tee5 are responsible for preparing the Annual Report and financial siatements in accordance with applicable
law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Pratbce). Company
Law ￿UireS the Charitsble Company's Tnjstees to prepare financial statements for ead) financSal year whlch give a
true and fair view of the state of affairs of the Charitsble Company and of its incoming resources applicati￿ of
resou￿$ for that peric*J. In preparlng these finandal stathents. the Tw5W are required to:
SeleLt sultsble account1￿j policies and apply them consistently:
Observe the methods and principles of the Charities SORP,.
Make ]￿jgements and estimates that are rea￿)na￿e and prud￿
State whether applicable accounting standards have followed, Subject to any materk41 departures disdosed
and explained in the financial statements,. and
Prepare the ffnarKial Statements on a going concern basls unless it Is inappropriate to presume that the
Charttalle Company Mll continue to operate.
The Trustees are responsible for keeping prO￿r accwnting records whith disclose with reasonable accuracy at any
time the financial p)sition of the Charity and enable them to ensure that the financial statements comply with the
Companies Act 2006 and the provisions of the governSng th)cument. They are aEs0 responsible for safeguarding the
assets of the Charity and hence for taking reasonable steps for the preven￿On and detettion of fraud and other
irwularities.
The TTUStees confirm thaL in the case of each ofthe persons who areTrnstees atthe date of this report, the followng
applies:
So far as eath Trustee is aware t￿re is no ￿levant audit Informatlon (infOmiati￿ needed by the Charitable
CoM[￿n￿S a￿litorS in connection preparing thar report) of which the Charttsble Companls auditors are
unaware. and
Each Trustee has taken all the step5 necessary to make herselflhSmsdf aware of any ￿evant audit information
and to ethbllsh that the Charitable Company audito￿ are aware of that Information.
roved by the Trustee5 on 12th DecemLEr 2024 and signed on thar behalf by,.
Ramees Nazar
Chalr of Trustees

Page 110
DE
PE
Opinion
We have aiKJited ts* finanaal siateft*nts of Anglrd Rusknn Studentg unl￿ {the'tharitable companl) for the year ended 315t Juty
2024 which CCNnprfse the statement of financval actNlties, the balance shee¢ the siatement of ￿sh flows notesto the finBrKial
Statements, includir¥J a 5umrnary of significant accounting p)licies. The financial ¥eptsrting framework that has been applled in
thelr preparatlon is applicable law aThJ United Kingdom Accounti￿ Standards, including finarKial RetK)rbng Standard 102 Th
R8pothg Stsndard ￿p￿La￿e ￿ the UK Re￿bIle of JrdanLI (United Kingdom Generally At￿pted Accountlng
Practice).
In our 4)inion, the finar￿￿1 staternents..
give a true an(5 fair view of the aate of the charitable ccmpany's affairs as atiistluty 2024 and of its i￿OrnIng re50UTtes
and application of resour￿ for the wr then ended,.
have been propedy prepated in Bcc(xdarce wth Un￿ted Kingdom Generally Accepted AcccKJntiThg prnct1￿,. and
have bea) PTepared In accordance with the ￿¢j￿rements of the Companies Act 21XJ6.
Basls for oplnion
We conducted our audit in aCcLYdèn￿ w￿h Intemat*)nal StaThJards on Auditing {UK) (ISAS {UK)l and aP￿IcaNe law. Our
reswnsibilikn.es under those standards are further desuibed in the Auditoi's respO￿lbilrtles fortk*auditof finar(ial statements
secbon of our re￿>rt. We are 1rndet￿ndent of the charltsble cofflpany In aLtordance with the ethlcal reqtsI￿ments that3￿ rdevant
LLJ our audlt of the financial ststements in the UK, including the FRC'S EthKal Stsn(krd, and we have fulfilled our ot￿r ethical
nsibilitse5 in accordarKe with these requIre[n￿ts. We telieve thot the audit ewdellce we have obtsit￿l is sijif1c￿nt and
appropr&4te to provide a ￿1$ foT our opinion.
Condusions relatlng to yoin9 cLxKern
In auditing the financial staternents, have coKluded that the trustees. use of the going concem of Kc(yJTrting in the
tyeparation of the fina￿al s¥atsnentS 15 appropriate.
Based on the work we have performed, we have not kjenty.fied any nRterial urKatsints"es ￿lating to events or conditions that,
dividualty or collectivew, rnay cast Si9nificant doubt OTr the charitsble cornpanls ability to continue as a going cOn￿M foT a
periiyj of at least twelve months from when the finandal staternents a￿ authortsed for ￿￿je.
Our ￿$r￿SIbilit*S and reSpO￿b]itieS of the trustees with re9￿ct to going con￿rn are described in the rdevant secifors of
this re￿rt.
Other Infoymallon
The other inforrnation comprw5 the infomiatyon irKI￿￿ed in the annual report, other than the financial statements and our
auditor'5 report thereon. TFE trnstees a￿ r&portsible for the other informabon. Ouroplnlon on the finarKial statements doe5 not
cover ot￿r information and, except to the eytent otherwise explicitly stated in our report, we do not express any form of
ass1ran￿ (J)nclu5ion thereDn. In connection with our audit of the financial stètements, our responsibllity ￿ to read ihe other
information and, in doing so, consider whether the other infvmatyon is rnatsrk4lly i￿on95tent with the financial staternents or
our knowledge obtained in audit cr otherwise appear5 to be Mater￿llY Fni55tated. If we identify such material incons(stencEs
or appa￿nt material misstatements, we a￿ ￿qUired to determine whether there is a material misststement in the fina￿131
teFnents or a materia1 Th￿State[￿ent of the ott￿r informatK)n. If, bèsed on the work we have performed, we conclude that
there is a rnatwial misststement of this other inf0m1atK￿, we are required ts) report that fart. We have nothing to rewrt in this
regard.
Opini(w on other matters preScrIb￿ by thè Compjnles Att 2006
our opinion, Lo5ed on the work undertaken in the course of the audit..
the inforrnation gwen in the tru5tEes' report, whith includes the dTreciDr5' rep)rt for the purpx)ses of company
law, the finanual year for which the finarKial statements are prermred ￿ consistent with the finanoal statements;
and
the threctors, reFOrt included wlthln the trustees, report has teen prepared in accordan￿ wlth appliCa￿e legal
requiRments.

Page 111
ANGUA RUSKIN STUDENTS, UNION
REP
EMBE
tters on which wa art required to report by exceptlon
In the light of Ihe krK)wledge understandiTrJ of charIts￿e company and its envlronment obtained in the course of the
udlt, we have not kjentified materkal mtsstatements in dSrectors' report included within the trystee5' re￿rt.
We have nothlng to report In respect of the folkwing matters in rektK)n to whith the Companies Act
2006 rewires US to report to you if, In our opinion..
adequateaccounbng record51we nc* been kept, orretums adeouateforour audfchave not been re￿￿￿ from branche5
not visited by us. or
the financial statements are Th)t in agreemwt with accountiro records and returns,. or
certaln disclosures of trustees, ￿MUnerati￿ specified by law a￿ not rnade; or
we have not received all the infomiats"cx) and explanaknons we requi￿ for our audit; or
the trustees were not entitkd tts prepare the financial *tements in accordarsTr With the small companles reglme ar
take advBntage of the gnall companieg exemptions in preparing a strdtegit reporL
Responsibllitles ot trustEes
As exp¢alned more ful￿ in the truste￿ reSpon%trAI￿2￿ statement. the trnstees (who a￿ aLso the di￿torS of the chaTrtsble
company f¢x the of company lawl a￿ responSi￿e for preparation of the financial statements and fvr being satisfied
that they gwe a true and fair view, and for such internal control as the truste& determine Is necessary to enab￿ preparatDn
of financial statements that are free from material mis*aterTwt, whetl*r due to froud w error.
In p￿parIng the financkil statements, the trusLffs are reswnsible for awing the company'5 abilty to conty.nue as a goir
concern, disc105ing, as appliuble, rnatters related to going COn￿M using the going concem basis of accounting Unl￿ tfr
trustees elther intend to liquidate lJ)¢ company w io cease operatbn5, or have no realisty"c altemab.ve but to do so.
AudStorfs responslbllltles lor the audlt of the financial statements
¢lJr obiecbves are to obtaln reasonable assuTrnce about whethw the fina￿￿11 statements as a W￿lIe a￿ fw from rnaterial
rnisstatem￿t, whether due to fratsd or error, and to i￿ue an audf(Drfs report that i￿ludeS our Opin￿}n. Reasonable assuran￿ s
a high levd of assufdrKe but is not a guardntee that an audit conducted ITh accordan￿ witt) ISAS IUKI will always detett a moterial
misstatern￿t when ff( exists. Misstatements can arise from fraud or error and are congdered materi?1 if, indwidually or in the
aggregate, they could reasonably be eXp￿ted to influence the econornK deosions of users taken on the basis of these financial
statements.
Irregularities, including fraud, a￿ instances of rKJn-compliantr wf(h kws and regulations. We d&ign prDtsdure5 in lir￿ Mth our
resporsitr¢lities, outllned above, to detect material misstatements in respect of Irregularit*s, indudiw fraud. The extent to vthich
our procethres are Ca￿b]e of det￿bng irregularities, includiro fraud 15 detai* telow:
The Charitable Company is rewird to comply with Ixjth company law tharity law and, based on our knowledge of
its activities, we identified that the kgal wuirement to accurately account for restricted funLts was of key significance.
We galned an understa￿Ing of the charitable comp3ny complied with its legal and regulatory frameworf<, InCIL￿ing
the requirement to properfy account for restrthd funds, through dtscLwons with management and a review of the
dcKumented PDlicies, protsdvres and controLs.
The audit team, which is experienced in the audit of char￿eS, considered the charitable company's susceptibillty to
material rni55taternent and how ftaud may occur. Our con5ider3tiorLS included the risk of management override.
Ov¥ appnach was to check that all restricted income was prriFErly identified and separatelyaccoynted for and to er6u
th6t only valid and appropriate exrEnditure was charffj to ¥￿trIcted fur¥Js. This irtluded revIewi￿ fvurnal adjustments
and unusual tranSact￿n$.
A futhw description of our resFcnsibilitEs for the audit of the financial statements is k)cated on the FinarKN41 Re[￿rtyng Councll's
website at: www.frc.oro.uklaudltorsresponsibilities. This te￿riptIOn fc*ms part of our auijitorfs re￿rt.

Page 112
INDEP
T AUDThORS RE
F THE MEM
ipse of our report
TNS ¥eport is made solely to the charitable ccwntk3ny's ft*MI￿, as a brxly, in arcordano with Chapter 3 of Part 16 of the
ComtN3nies Art 2006. audit work has been undertaken, so that we might state to charitsbEe cornpan(s memters those
matteFS we are requlred to slate to them in an auditorfs ￿pOrt and for no other purpose. To the ful￿ extent ￿rmitted by law,
we do not accept or assume re5ponsithlty to anyone other than the charita￿e comkkny and the charitatAe (Dmpanls memter5
as a body, for our a￿lt worK for ths report or for the opinions we have formed.
Stephen Andemn (Senior Statutory Audits)rl
For and ￿ behalf of Knox Cropper LLP, Statutory Pthitor
65 LeadeTrhall Street
London
EC3A 2AD
Date.. I I Pec**y4er?u?¥

Page 113
' UNIO
TATEMENT OF FINAN
NCO
COME AND
PEND
E ACCO
FOR
END
Unrestricted
General
Funds
Restrtcted Deslgnated
Funds
Funds
Total
2024
Totsl
2023
Note
INCOME AND ENDOWMENTS FROM:
Donations and Grants
Block Grant
Sports Grant
Other Grants
Other Donations
Charitable Activities
student Social Venues
Student Actiwties
Advice and Representation
Communications and marI￿.ng
Other
Total Income
1,856,540
109,360
480,000
1336,540
109,360
102.349
37,909
2,138,100
89,8
41,671
47,100
55,249
37,909
345,151
23,681
345,151
90,185
354,958
65,622
66,504
72,546
100 874
508 152
71546
110 897
159 662 3 204 937
42,457
2 853 648
EXPENDrruRE ON:
Charitable Artlvitie$
Student Soual Venues
Student Actimties
A￿lce and Representstion
Communications and Marketing
Revaluatlon of Penslon Provision
Total Expendlture
728,189
404,733
870,691
415,762
130.198
130,198
182,277
78,119
93,158
74,809
951,545
609,740
1,051968
493,881
726,592
576,899
972,058
333,931
15
520 792
262 926 3 203 093
2 596 765
Net Incomel(Expenditure)
Transfer Betsween Funds
Net movement In funds
88,777
16,331
(103,264)
1,844
256,883
15
260
Reconclllation of Funds
Totsl Funds brought forward
Funds Carried Forwanl
1034 163
23
483 616
391
621354
483 616
All transartions r￿1￿1 above derive frDrn continulng cperations.
The rntes on 16 to 26 form part of these financial statements

Page 114
DE
SHE
srJuLY
24
2024
2023
FIXED ASSETS
Tangible Assets
li
52,323
22,542
CURRENT ASSErs
Stocks
Debtors
Cash at Bank and In HaThJ
33,427
128,208
1 251378
IN13,013
31.249
108,583
1265 483
1,405,315
12
CREDITORS: Amounts
falling due within one year
13
CURRENT ASSErs
1,107,421
1,104,735
CREDITORS: Amounts
falling due after more than
one year
Pension Provislon
14
{674,284)
(643,661)
Total Net Assetsl(Liabilities)
Represented by:
Restrlcted Funds
15
72,391
40,461
Unrestrirted Funts
General Rese
Designated Funds
15
15
1,034,423
621 354
1,034,163
483 616
These financial statements were approved by the Board of Trustees on 12th D￿mber 2024 and are signed
on th￿r behalf by:
John vale￿OU
Chief Executive
Ramets Nazar
Pwdent
The notes on pages 16 to 26 forni part of these financial ststements
Registered Company Numter: 080647%

srATEMENT OF CASH FLOWS
2024
2023
Cash Flows from Operallng Actlvltles
Net movernent of funts for the peri
IM44
256,883
Adjustments for:
DepreoatKJn
Write off of flxed asset Invegfftnt
Interest re￿ived from ￿nVestments
De¢￿a$¢I11nCreèseI In Stock
Decreasellfjncrease) in Debtor5
ln¢r¢asellDec￿sel in Pension PrOvs￿n
Intr￿ellDeCrease> in Other Creditors
Net Cash used in OpÈratiny Activities
li
21343
19.675
(1178)
(19.625)
22041
13594
34019
1,029
(47,740)
{67,2171
13
14, 15
14
156,983
Cash Flows from Envesting Activiues
Interest re￿Ned from investments
Payft*nts to acquire fixed assets
Net Cash used in Investin9 Actlvltles
[52,124)
117,8211
Cash Fl¢)ws from Financing Actlvltles
Loan repayments
Net Cash used in ￿nanCing Activitie5
Change in cash and equivalents in tIE period
Cash and equivalents at the start of the tEriod
ash and equlvalents at the end ofthe per1￿1
(14.105)
1 265 483
1251378
139,162
1126 321

Page 116
DENTS. UNION
E FINAN
ATEMENTS
R THE YEAR ENDED 31sf JULY 2024
ACCOUNTING POLZCIES
Bgsis of Accountlng
The finanoal staternents have been prepared in accordaTKe with the recommendations of the Staten*nt
of Recommended pra￿"￿..,AcC0Unting and Reporting by ￿aritieS. {SORP 2015), the Companies Act 2C()6
and UK Acrounting Standards induding FRS 102. ￿ Finanoal Reporting Stsndard apFl￿ble in the UK
and Republic of Ireland.
Awlk Ruskln Students, Union constitutes a public trkneffc entity as defined by FRS 102, The trustees
con5Kler that there are no material uttertainbes about the Charity's abi16ty to as a ok)ing cOn￿M.
Income recognltlon
All income is reCOgn￿e￿ On￿ the charity has entitlernent to the income, it is WObab￿ that the income will
be received, and the arrount of irKome r￿l￿able can be measlljred relk?bty.
DI￿atrOn5 are recognised when Anglia Ruskin Students, Union has been notrfied In w¥iting of th)th the
amount atKI 5eWement date. In the event that a donation is subject to conditions that require a level of
performance before the charty is entitled to the funds, the income is def￿￿ arKI not recogni*d untll
ther those (onditiorts ore fulfy met, or the fulfilment d those conditions is wholly within the control of
charity and it is probable that those wrxlibons will ￿ fulfilled In the rerThting period.
Interest on fvnds held on deposit is IrKlUd￿ when rerelYab￿ and the amount can tE measured idiably
by the dwrity. this is nomially upon nthficath)n of the interest paMI or payable by the bank.
Expenditure reco9nition
abiliti￿ a￿ reCOgn￿ed as expenditure as soon as there is a kgal or constructive obli9ation crynmitting
the charity trj that expenditure, it is probable that settlement will be required, and the arnount of the
oblwatKJn can be measured reliably.
AJI expendittjre is accounted for on an accrual basis. All experbses induding 5UPPOTt costs and governan
costs aTe allocated or apportioned to the applicable expenditure Iwdings based on the number of
personnd in each area of tharitable acbvity.
Irrecoverable VAT
1rrecovera￿e VAT is charged agaln# the expendlture headiry for whth it was 1ThJJYr￿J,
Operating Lease Awements
Rentals applicable to operating ￿aSe$ Ythere sub51anbally all of the bw)efits and rlsks of ownership remain
with the are thar￿1 against profits on a straight-11￿ basis over the perfod of the lea*.
Pension costs
Anglia Rusknn Sbjdents, Union participat& M the Student UnK)n Superannuation Scheme, a deftned benefft
scheme which is externally funded contfactsd out of the Stste Second Pension. The ￿herne 15 n¢>w
Cl￿ed to future accrual. The fund is valued at least every th￿￿ years by a professionally qualifie(I
itKlepeThJent acitkiry with the rates of contribution payat￿e being dete¥min&Y by the scheme trustee5 on
advlce of the actuary. The scheme is B multi-employer scheme and operates as a poded arrangernent
with contributs'ons paÈd at a Central￿ agreed rate. a (tsnseque￿e, no share of the underfyitvJ assets
and Ilabllities can be dirertly attributed to the Union. In these arcufflstsn￿s, wntributton5 are accounted
for as tt the thme w4e a defi￿ contrllyjtyon sthen* based on acbjal contributions pahl though the
year.

Page 117
DENTS, U
THE FINANCIA
STATEME
ED
ULY 2024
ACCOUNTING POLZCIES Icontinued)
Taxatlon
No provisron is rnade ￿ these accounts for tsx as the UnKJn is entrtkd to the exemptions avabla￿e to charfjies
provided all income is aP￿￿d for charitsble purtws.
Tangible flxéd assets and depredatlon
xed assets are stated at C05t less accumulated depreclation. Assets are not captslised below £l,OOD cost
Itern. Deyeoatwjn is charyed on a straight-line b35is over their estrTrated u*fvl life as folbws:
Fixtures and Fittings
5 years
Offlce Fumlture and Fumitsjre
4 years
IT￿eChnICal Equipinent
3 years
Commerckl Equipment
3 year5
Investmert5
xed a55et Investments are stated at cr6t le55 impairrnenL
Stocks
stocks are valued at the low￿ of costs and net realtsable value, after rnakn.ng allowan￿ obxbkte arKI ￿1)w-
moving Stock.
Fund accountlng
Restricted fur￿ comprise irKome re¢eNed ro used in accordan￿ with 5pecffic inbtnJ¢timS imposed by
donors, kn asS￿k?ted costs. The airn and use of each re5trited fund is set out In the note5 to fv accounts
where material.
Unrestrtcted furmts are funts avaIla￿e for use at the d15cret(on of the Trust￿ in fvrtherance of the general
obi￿tiveS clthe charity.
D￿ignated funds are set aside at the discretK)n of the Trugtees for specrfK purp)$85 and indude 1x1an￿S
allocated to indlvidual dubs and sociebes. They w(y1￿ otheMse form part of the general reserves.
GRANTS
UTrrestiicted Restricted Designated
Total
2024
2023
Grants From University
ock Grant
Sports and Societte5 Grant
Other Grant
Other Donations
1,856.540
109,360
480,000
336,540
109,360
102,349
2,138,100
89,800
41,671
47,100
55,249
1 965 91H)
93 158 2 586 158
2 269 571
The University also provide the Union wlth rent fr￿ accommodajon, in accordarKe with an infomial
li￿nce agreement. The value of th15 in-kind *Rnefit ha5 not been valu￿1 and Induded in the accounts.
The restritted Income represents parts of the University funding which is ring fer￿d for use In relation to
ARU London, ARU Peter￿roUgh and ARU Writtle. See Note 16.
The designated income of £55,249 relates to the Univergty commitment to support the cafes in Compass
House and Young Street. The designated Other Donations Is the amount of cash held by Writde Cdlege
Unlon ot the tirre it merged with ARSU.

Page 118
THE FINANCIAL sfATEMENTS
FOR THE YEA
24
sruDENT SOc￿L VENUES
-2024----------------------
Retall
Entertainment
2023
Total
Café
Totsl
Sales
Cost of Sales
Gross Profit
Staff Salarfes and Wages
Other Dirert Costs
SuppTht Costs
92,669
166,163
83,952
(29,747
104,582
53,978)
62,922
61,581
29,974
(79,825) (136,273)
{66,397)
(22,336)
(21,090)
(7,126)
(83,573
(83,573)
83,572}
(122,812) (179,355) (127,121)
2,367
345,151
354,958
(188,307
179.285}
2,367
156044
175,673
(56,614) (339,109) (248,455}
{39,2871 (89,839) {59,765)
{83,572
(334,290)
239,087
177,106) (606,394) (371,634)
sruDENT AcfIviTIES
--2024--_____________________
Unrestricted Rertrtcted Designated
Total
2023
Totsl
Income
Direct Costs
Stsff Salaries ar￿ Wages
Support Costs
23,681
(57,8681
(142,7731
204,092}
130 198
(381,052) (130,198)
66,504
90,185
65.622
(74,8091 (132,677) (130,415)
(142,773) [131,325)
334,290) (315,159)
{8,305) (519,555
511.277)
ADVICE AND REPRESENTATION
-2024--_________
Unrestrirted Restricted Deslgnated
2023
Totrl
Total
Income
Lirert Costs
staff Salaries and Wages
SL*PPXJrt Cosis
(61,433)
{523,529)
{285,7291 1182,277)
(870,691) (182,277)
(61,433)
(67,549)
(523,529) (513,277)
(468.006LL391,232
1,052,968) (972,058)
COMMUNICATIONS AND mARK￿ING
-202*-----------________
Unrestricted Restricted Designated
Total
2023
Totsl
Income
Dlrett Costs
Stsff Salaries and Wages
Support Costs
72,546
(109,281)
1184,026)
(122,455)
78,119
1343,216} (78,119)
72,546
(109,281)
(184,026)
(200,574)
421.335
41457
(70,160)
{122,493)
141,278
291,474)

Page 119
UA RUS
NIO
TO THE FINAN
ATEMENTS
E YEAR ENDE
LY 2024
SUPPORT cosrs
-2024-
Unrertrlcted Restricted Designated
2023
Total
Totsl
Central SeNices Salaries and Wages
Pension ￿¥
Premises and Equipment Costs
Administration and Finance
Human Resour￿ and Payroll
Professional Fees
Governan
<510,285) (394,932)
(5,661)
{23,056)
(14,282)
(208,028) (107.046)
129,085)
(4,532)
131,153)
(9,100)
816,368) (520,792
(905,217) (762,328>
(5,661)
(3,221)
(37,338)
(59,800)
{315,074) (178,059)
(33,617)
(19,611)
(31,153)
(43,337)
{9,100)
(20,400
{1,337,160)
1,086,756)
Apportinedto..
student Sodal Venue5
student Act(vSties
Advlce and Representation
Communications and Marketing
(204,092) (130,198)
(204.092) (130,198)
(285,729) (182,277)
(122,455)
(78,119)
(816,368
520,792
(334,290) (239,087)
(334,290) (315,159)
(468,006) (391,2321
(200,574) (141,278)
(1,337,160)
1,086,756)
STAFF COSTS
2024
2023
Salarie5 and Wages
Employers Nl
PensK)n ContribLrtions (curremt employee5)
PensKJn Levy
student Staff
Staff costs current
1,699,028
148,081
80,215
5,661
167.330
100,315
1,406,884
132,563
59,821
3,221
178,610
1,781,099
Pension Contributions (past deficit)
94.960
(12,715)
2.195,275
1,768,384
No redundancy payments were made during the year (2023.. nil).
The average number of employees (full time equivalents) during the period amourbtgj to 60 {2023: 54).
One ￿mpIo￿ earned emoluments between £80,000 and E90,00012023.' 1).
Key management personnel con5i5ts of 6 petsons whose cornbin￿ em￿oyee benefits including pEnsions
amountal to £275.620 In 2024 {2023: 7 people, £276.290}.
Offiw tyustees recelve remuneration for their services as Offi￿rS of the Unw)n and the amounts paid
during the pEriod are set out in note 21. No other trustee received remuneratiorb for their Ser￿￿5 (2023:
n51). Expenses amountlng to £65 were reimbursed to the trustees during the period (2023.. £205).

Page 120
NOTES TO THE FINANCIAL sfATEMENTS
Continued
TH
DE
PENSIONS
The Union partrcipated in the Students, Union Superannuation Scheme, which is a defined benefit scheme
whose memLErship consists of employees of students, unions and related bodies throughout the country.
Benefits in ￿spect of service up to 30th September 2003 are accnjed on a'final salary" basis, with benefits
in resp* of seNce from 1st (ktober 2003 accruing on a Career Average Revalued Eamings (CARE) basis.
With effett from 30th September 2011 the scheme dosed to future accrual.
The m05t recent Wdluation of the 5theme wa5 carrEd out ￿ at 30th June 2022, with the report publisha in
mid-2023 sTrK)wa that the market value of the scheme's assets was £106.7m. The* assets represented
44% of the value of benefits that had accrued to members after allowing for expected future InLyea￿ in
earning5. The defictt on an ongoing fuFKling bas5 amounted to £136.6m.
The 2022 valuation Tecommended a contribution requirement by each Union expressed in monetary temis
intsnded to clear the on-g)ing funding deficit over a period of 13 years from October 2023 (to May 2037)
and will increase by 5% each year. These contributions a150 indude an allowan￿ for cost of the on%oing
administrative and operational expense5 of running the scheme. These rdtes appli￿ with effect from I
October 2023. In accordance with FRS 102 w)vision ha5 been made for the discounted value of contributions
payable. Surpluses and deficits which arise at future valuations will also impacL on the Unions future
contributior> commitment. In addition to the atKsve contributions. the Union also pays its share of the schemes
levy to the Pension Protection Fund, a5 per Note 8. The discount rate applied was 5.0% (2023: 5.4%).
The net present value of the contributions that Anglia Ruskin Students, Union have agreed to pay over the
next 12 year5 represents a liability at the year-end of £717,367 (an increase of £22,041 from 2022123)
note 16. The increase in liability is due to the unwinding of the discount for the last year being more than
the monthly payments made towards the funding deficit. The total contributions paid into the scheme in
respett of the fvnding deficit for the period end￿ 31st July 2024 amounted to £72.918 {2023.' £54,057).
The Union now patticipates in a further pension 5chemes,' the NUSPS Pension Scheme, a defined
contribubon scheme, of which 6% of gross salaries are paid in by the Union and 6% of net salaries are paid
in by employees and the AEGON pension scheme, of which 3Wo of gross salarE5 are paid in by the Union
and 5% of net salaries are pa¢d in by employees.
The total contributions paid into these further schemes by the Union in reSp￿t of eligible employees for the
year ended 31st July 2024 amounted to £80,215 {2023: £59,821) see note 8.
10. NET INCOMING RESOURCES FOR THE PERIOD
This is siat8J after charglng:
2024
2023
Depreciation
Audltors Remuneration
Operating Lease Costs
22,343
9,500
19,675
9,000

Pa9e | 21
ANGLI
KIN sfuDENTS' U
NOTES TO TH
IAL STATEME
inued
FO
END
11. TANGIBLE FIXED ASSErs
Equipment
& Flttlngs
Other
Assets
Total
cosr
At Istr August 2023
Additions
At 31*tJuly 2024
87,466
23,354
26,977
137,797
23
139 590 ￿54
189 921
DEPRECIATION
At 1st August 2023
Charge for the year
At 316t July 2024
65,759
23,354
26,142
835
115,255
137 598
NET BOOK VALUE
At 31* July 2023
835
12. DEBTORS
2024
2023
Due from the University
Other
105,208
93,595
126,443
99,973
Other Debtors
VAT
6,558
11.878
108 583

Page 122
TEM
nu
RTHE
NDED 31-JULY 2024
CREDThORS.. Amounts falling due wlthln one year
2024
2023
rrdde credito￿..
Due to the University
Other
31275
34,659
32
37,773
66,934
37.805
other Creditorsinduding Taxabon and
SLL￿/seCUrity.'
PAYE and Social SeoJrity
Penston Liability
Accruals
36,204
43,083
159,371
67,423
51,665
143,687
238,658
305.592
262,775
300,580
14. CREDrroRS: Amounts falling due after more than one year
2024
2023
Penston Liability
643 661
The pension liability is due tr) be paid over the next 12 years and is based on information provided by the
SUSS. The Pension Liabilty is repayable over the following periods..
2024
2023
Due Within One Year
Between Two and Fwe Years
More Than Five Years
43,083
270,802
403
717 367
51,665
204,025
439 636
695 326

Page | 23
ANG
UDEN
TES
MENTS
R T
isf JULY 20
15. FUNDS
Balance
Brought
Forward
Income
expendI￿re
Transfe
Balance
Carried
Forward
Restricted Funds
ARU London
ARU Peterborough
ARU Writtle
40,461
338,423
142,097
56,603
537,123
(322,741)
(125,849)
(72,202)
(520,792)
56,143
16,248
15,599
15,599
40,461
72,391
Designated Funds
aubs and ScKieties
Other Sports
Writtte Merg
Café5
Pension Liability
74,114
30,204
66.504
(74,809)
65,809
30.204
37,909
55,249
(37,9)9)
(55.249)
(94,9591
(262.926}
(695,326)
(591.008)
72,918
72,918
(717,367)
(621.354
159,662
Vnre5tricted
Funds
General Reserv¢s
1,034,163 1508,152 (2,419,375)
(88.517)
1,034,423
Totsl Resems
483,616 3,204,937 (3.203,093)
485,460
The ARU London, ARU Peterborough and ARU Writtle restricted funds represent unspent parts of the
University grant which are ring fenced for use in relation to ARU London, ARU Peterborough and ARU
Writtle.
The designated funds have been estat4ished for use for the following purposes:
GubSandSooet￿SBJ18￿CdS.' Funds rnised through membership, fundraising etc. by Universlty clubs and
societies are ring fenced by the Ir￿1VIdUal club5 and societies for their own use.
ot1￿r5p0rtS80lJnceS.'The policy of the Union is that any SUTplus on these funds a￿ fiNJ fenced and are
to be allocated by the Students.
Writtle Merger.'The amount of cash held by Writtle College Union at the t.me of the merger wa5 Set ￿lde
to help cover the c05t of ARU Writhe activiknes post merger.
Cafe Funding.. Funds provided by the University that allowed the Union to tske over operation of tN
fes on the Cambridge campus that run at a defKiL
PeJi&on ￿0b}lIty.. These funds represent the ￿nStort liability as set out in note 9. Contribuknons are paid
out of general rese￿e5 and then allocated against the pension liabllity via reserve transfer.

Page 124
ANGLIA R
ON
NOTES
THE FIN
ENTS
Contlnued
FOR THE
16. ANALYSIS OF NET ASSETS BEfwEEN FUNDS
Restrlcted Deslgnated Unregtrlcted Total Funds
Funds
Funds
Funds
2024
Non-current Assets
Net Current Nssets
Creditors due after one year
52.323
982,100
51323
1,107.421
(674,284)
485,460
72,391
52,930
{674,284)
(621,354)
72,391
1.034,423
ANALYSIS OF NEf ASSETS BETWEEN FUNDS (COMPARATIVEI
Restricted
Funds
Designated
Funds
Unrestrirted
Funds
Ti)tsl Funds
2023
Non-current Assets
Net Current Assets
Cr8Jitors due after one year
22.542
1,011,621
22,542
1,104,735
(643,661)
483,616
40,461
52,653
[643,661)
(591,008)
40,461
1,034,163
17. COMMrrMENTS UNDER OPERATING LEASES
At 31# July 2024 the following operating lease payments are committed to k paid
Assets other Than Land & Bulldlngs
2024
2023
Expiring-
Within l year
Within 2 to 5 years
2,838
18. DONATIONS
The Union made no donations to external bodie5 during the year. Where Collectior￿ were made by
students on behalf of varb)us charities and lodged with the Union, we acted as their agent in remittiThJ
the funds to the deslgnated d)arity.
19. TAXATION
The rharty is mt liable to corporation tsx as it is entitled to the exemptions available to charities where
income earned is applied for charitable pury)oses.

Page 125
LIA
KIN
DENTS,
NION
NOTES
THE FINANCIAL
TEME
RTH
20. RELATED PARTY TRANSAcfIoNS
The Union's relati¢)nship with Anglia Ru5kn'n Universty is govemed by the Education Art 1994, under
whlch the &)veming Body of the Univw5ity has a Segal reqtjirement to, Inter alia, ensure the financial
affairs of the Union are property condutted. The Union is also dependent upon the Universty for finanual
support During the year the Union was in receipt of a bl¢Kk grant of £2,336,5È10 {2023.' £2,138,100}, a
designated Sport5 grart of £109,360 {2023: £89,800) and further grants of £55.249 {2023: £41,671) to
alk)w the Union to tske over cafes previously operated by the University without additsonal financial
liabilities, and £47,100 to support the Union with the extra costs incurred during the merger with Writhe
College. In addition. the UnK>n occupies its building on a rent-free basis under an informal licen￿ subjert
to the Union maintsining the building in a gOC￿ stats of repair. Amounts due to and from the university
are set out In notes 13 arKI 14.
The sabba￿cal members of the Trustee Board r￿b]e remuneration for their service5 as provided for
wlthin the Cc)nstitution. The total amount payatle for the officers during the year was £137,975 (2023:
£130,216),
21. NON-ADJUSTING POST BALANCE SHEET EVENT
HMRC have challenged the VAT treatment of catering at ARSU'S bar5 and the SU have pald £26,187 to
setde the bill to avoid further fine5 and penalties. ARSU disagrees with this assessment and have
commenced an appeal, with the 5UPPOrt of NUS. It ts CU]Tently unclear what the outcome of the appeal
will be, and several other StrJdent Unions are also afferted.
Addltlonally, MMRC have Started a routine VAT review covering all elements on the VAT return5 across
the whole Union. Some errors have been identified on categ0ri5ation, and so far a liabilty of £10,500
has b￿￿ agreed for three quarters ending in 2020, and this has been included in accruals. The remaining
quarters are still being investigated and so their liability is too uncertain to be recognised at this stage.
It is anticipated that it will not exceed £lQO,000.

Page 126
'UNI
TES
E FINAN
TEM
FOR TH
YEAR ENDE
31-JULY 2
23. COMPARATIVE SOFA 2023
Unrestrirted
General Fund5 Restricted
Funds
tksignated
Funds
Totsl 2023
INCOME AND ENCOWMENTS FROM..
Donations and Grants
Block Grant
Sports Grant
Other Grants
Charitable Activlkn"es
Student ￿la1 Venue5
s￿dent Activitie5
Advice and Representation
Communications and Marketing
Other
Totsi Income
1,818,100
89,8
320,000
2.138,100
89,800
41,671
41,671
354,958
10.535
354,958
65,622
55,087
42,457
120 365
2 436 215
42,457
121040
675
320 675
EXPENDITURE ON..
Charitable Attivities
stvdent Social Venues
student Artiv￿eS
Adm￿ and Representation
Communications and Marketing
Revaluation of Pension Proviston
Total Expenditure
574,667
433,711
854,857
291,608
71,623
94,412
117,201
42,323
80,302
48,776
726.592
576,899
972,058
333,931
325 559
116 363
2 596 765
Net Income1(EX￿d1tUre)
Transfer be￿een Funds
Net movement in funds
281,372
(4,884)
{19,605)
256,883
188 684
R&onciliation of Funds
Total Fund5 brought forward
Funds Carried Forward
226 733
1034 163
591008