ANGLIA RUSKIN sfuDENTS' UNION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sf JULY 2025 Company Limited by Guarantee Number: 08064796 Charity Number: 1148574
ANGLIA RU KIN sfuDErirs' UNION FINANCIAL sfATEMENTS LY CONTEiirs Page Board of TrLeeS a1 Union Information Trustees Rwrt Independt Auditors, Report 9-11 Statement of Finanaal Activities 12 Balan Sh 13 ststement of C2sh Rows 14 Nrtes to Financial &at8nents 15-25
Page 11 NIN RMATION BOARD OF TRusfEES Rthan Rajesh - Pdent and Chair of Trust&5 (Appcint& 31P June 2025), Vice Pdert FAHESS (Appoint1 l July 2024 & Resigned W June 2025) Ramees Nazar- Acttvities Offir (AFP)intsl 30th June 2025), Presithnt aTrJ Chair of Trustees (Apwintal l July 2024 & Resigned 30" June 2025) Jeena Thomas- Education Offir (ApInted 30th June 2025) WI Pre&dent FHEMS {Appx)inted l July 2024 & Resign&d 30th June 2025) Gawdham Mekith- Interrwtional & PGR Offir (Appxsinted 30th ne 2025) Vice Pre5idert F5E {ApwirtgJ l July 2024 & ResKJn8J june 2025) Rc6han Lal- Welfare & Liberdtion Officer (wint 3[ June 2025) a Dileepan - President FBL (AptK)intsJ l July 2024 & Re&gned 30th June 2025) Samantha Wilks- Extemal Trlee (Chair Of F&R Committee} (Appoint1 1st September 2025) Sian Myers- EMal Trnstee (Chair Of HR & EE Committee) Ashley Cory- External Trustee (Chair Of A&G Comnittee) (ReS#Jn 28th JanL4ary 2026) Humah Akram- External Trustee (Appoint1 l# August 2025} Julie Galvin- Extemal Tmstee (ioFointed 1st Smber 2025) Teresa Jordan- Extemal TrLE5tee {Chair Of F&R Committ) {Resigned 31st Augu 2025) Richard Halderthay- External Trustee {Chair Of A&G Committ} (Resign1 l August 2025) Rhard Watson- Extemal Tntr (RÉgn I. August 2025) CHIEF EXECLTfivE John Valerkou REGISTERED OFFICE East Road Cambridge CBI IPT AUDITORS Knox Crwper LLP 65 Leadenhall Street London EC2A 2AD BANKERS Uoyds Bank PIC l Legg Str Chdmsford CMI US
Page 12 ANGLIA RUSKIN sfuDENTS' UNION TRusfEES REPORT YEAR NDED 31sf JULY 2 25 The Trustees (who are a19> the Directors of the charitabk company for the purposes of the CDmpanies kt) present thar combined Directo rek))rt and Trustee5' annual report, as requirejj by company Law, tcoether with the audlt8J finanaal statrments cl Anglia Ruskin StLJents' Union (the mmparw) for the year ended 31 July 2025. The TrLtstees Cfirn that the Annual Report and finanaal ststements of the company CoMY with the current statirt(ry rquirements, the r4u1ments of the conwanvs govemirvJ dment and the wovisions of the Ststement of Recommended Pracbce (SORP)'Accowting and Reporting by Charities, issued in January 2015. The Trustees and Dlrectors Reporfs have been combined undw the Companies Art 2006. Alms objedlves and actlvitle8 The Union 15 govemed by Artides of AsSlatiOn, and the (biect Union is the adVaement of education of stUdts at Anglia Ruskin University for the wblic benefft by: Promotlng the interests and welfare of thdents at Anglla Ruskbn Universty during their period o15tudy and reprenting, supportlngi and advi&ng students Belng the reccrfjnised reprewtative dwnrl between studerts and Anglia Ruskn Universlty and any other extemal iM)JÈs Providin9 Sctial, cultural, wtingi arKI rect)nal ¥titieS and forums d1xus5lor and da)ate for the personal devekpment of Anglia RLsknn students. Our services and artIVie5 that we prowde shape our Yffjrk to our new fivtryear strat&Jy Our stratsgy has beèn de&gd following consultstion with our studts, #aff and W stakehohJer& We worked wilh Ctsjntsrculture to 1p deveknp this nwl ambfaous pL7n is outlwied below, Vlslon: A stsent powerej Union kn every Vol matteT5, every tsmpus conne(ts and gcod vlbts are part of the cuknre. Mknlon: FNe campuses, one Union We Wlll Stsmlents In tharye The Unlon gattTers exten¥£ data on s)sJent lives and li*ens to OffirS and members. Dlfference between tng led IV siudents and Ing truly student-led. Govtrnance will be restruthred to allow campLtses to thape thr own represertstion. We will indt¥le studènts in finanoal th-maknng. Investm@rt in turning dats into adione ingghts. We 11 Exknd Students, RhJhts & OppnItIe1¢ Add low-level s55$ and 5y5tanie unfaimess in educatlcfi. Increase capaoty for academic policy aThJ campaign woth. Stren9then stLMlent lead&ship role5 (faculty reps (r5e reps, soaety derS). Provide rurCeS to campuses to tobby kncal stlt isAJes. Pri(¥ib5e stsKlent emOyMent in SU roles.
Page 13 TRiisfEES REPORT YEAR ENDED 31- JULY 2025 We Wlll Bulld and Nurture Communities sdert sc(iebes remain central, informal communty-building OPForbJnitle5 must iftcwse. Spaces will be reJegl to encourage sooal interaction. Proactively supplyt new student groups and ensure outreath to underrepresented siudents. Work with partners on hou51ngi transiX)rt, and safety. This is urthrpinned by VaeS that shape our halOurS and our ways c vthing CreJYve- We think oUtse the box, leam from Mistsk and e our imwJinaknon. amllenglng - We push ourselve5, the Univtrty students to think and () thlros dlfferenty. Induslve- We wlll Cham10n the divwgty of our sdents and of the ¢(mUnItieS are parc of. Sustrinable - We will chaMpn wdllHng, wlty, ar jll51ice. make ethical decisms and help to grow a deaner, fairer pland. Cdknboraiive- We are bter WTr we th trpjether. The Students, Union is split over 5 differert site5, Canbrithje, CheFmsfcfd, London, Peterbmgh and Writde, Each Camp has its tswn team to be ab to ddiw a bespoke SerVe that meets need5 the dents at each of our campuses and delNer a tsiloral aptxDach. Within each Campus we do provide core seNlces, these indude academic representation, dubs arMI 9Jdetie5 nd events. We have an amazing advi Servi thatCQV5 all five campu5e5 is an invaluable service to our Jderts prowding confidential, independent advits tts our Udeftts who need aStaftce and help with nawgation of academic regulations, astIng with exceptional circumstances, appeals, academic misc0ruCt, student to sdent camplaints and StLknt to universty complaints. We continue to see an increase in demand for the ser and this year have seen an Irrnse of over 15% in appDinknents taking us Iwer 1750 indlvldual apwjintments for the tsam. WlthSn the campus teams we provkle support for all of our students. Our work In representabon Supports students to campaign for change and represent thelr vlew5 at all levels ocr055 ARU. We hokj annual deitions for a variety of leadwthip positions. In 202+25 over 650 course, faculty, camws, al institutional level presentatives We elec, ensuring that our memb5 lead the direction of our Union. These representatives are voluntevs and 3ctively seek fe&lback from their colleagues to presert back to their tEaching staff to ensure continutyjs im[ement in their lat[onal and student experien. The Sdents, Union provide5 a lanje chthce of rttreational clubs and sociebes across wr campuses for students to Kitn. Our aim has been to grow the number of clubs and SOCIetS and the number of sdents wh) are members of these groups and g)cieties. kross all of our CaMpLS yve exceed8J over 200 groups arKI societis with over 3000 student membevs. groups are all Student-1 and, with 5UPWrt from our siaff team, ran over 6CQ events last year both on and off Camp5. We are seeing growth in ¢JJr clubs and e5 across all of our campuses.
Page 14 YEAR END Y 2025 We run dthlicated events across all of our camp5 throughout the year ppOrting our belorvJing strategic theme. ()Jr events wokk to brirwJ sients tojether and give than a sense of community. Ths year we ddivered hugdy successful wdcome weeks in Cambridge, Chdmsford, Petwt¢rough, Wrltue and London. These w&e delivered during bjth the septeMr and January intske peritsjs. In addition to this a further wdo)me week was provided at our London campus in May to welcome the new students who stsrted then. These w&ks prowde a warm welccffie to all new ARU Students, hdplng them to conne¢ make fiiend5 and prepare for studying at ARU. At these weeks we prowde a large numIr of events aim•l tts txovith a warm wdcome to all of tyjr students. Hlghlightsthis year included the wdcome fairs which saw over 70(K¢ thdents attending. We contlnue this prnw90n thmughout the y&ir. Highlights wthin the year were our Winter frdirs, end of year lebrai10nS and our Holi Whe hundreds of students caffR tsgether to cdebyats Fknli. We offer a range ofcommercial swi$ across our cam[$. Al CaMpS can make oftr online shop b) wrchase stabow and branded clothing. Ln thelmsford we 92 which is a café style operatlon sejli hot drinks arKI fDJd to duriro the day. En the ewEnirvJ, we run mary events in the Sp Wlth a fully Sicensed bar. In Cambridge we pro¥ide a retail (Jd¢ sdling primarity brand&1 clothiw and atKJnery alongside craft materials for cxjr t students. There are 2 cafe5 at STnaller sites in Cambridge. These 2 cafe5 ao daytime ryerations selllng hot drinks and fcod to students. This year we tcok ober a café and bar at our Writtle campus folknrj the mew wi February 2024. These ftym the hub of gxtal life at our Writde Camp arKt are very popular. Also, at writt this year we ran a 9Jmmer ball the sbjdentsi kyoviding food, drtnk, entertainment arKI awards. Over 70% of Wrltde stIAlts attended ths years evenL Our dettgj offiw team ran a series of canpaKJns and events this on student feedback. MJtst4e hlghlights of the year indude the devek¥)ment of the One Voice campaign which 9)ught to in(rease the educational experlence for our sbjdent t. Thls campaign Consu with many students and highllghted in depth the views of students and è nter of steps and actions for the University to tske to imwove the overall alucational experien of wr sten Thls retNt was rec1 p)sitFvety by the University, and the offiw team have been working with the Universty to instil a ofthe5e actio1. The officers created a foxl pantry at our Chdmsford an(1 Cambridge camPL to hdp thc6e Stnts get the e55entials thatttw need in a cost-of-livlNJ crigs. The pantry provSd8J everyday essWtials such as rice, pasta, toilet rdls and tin5 of vegetatrle5. The panty has teen hugety Fwular with all of our stud At our Writtle campus tlre has been a panbry in pla for a number of years, and this has continued to SLbPPOrt many students. A trusing campalgn wa5 launched to housing issues for our students, the Offlr5 wixked at local and rb)Oonal tevel, 1vIng issues dlrecdy for thdents arkl worklng akng&de the Natk)nal Union of Students to Influen and Icijby for sdert r¥hts in the new Housing bill,
Page 15 ANGUA RUSKIN sfuDENTS' NION TRusfEES REPORT YEAR ENDED 31- JULY 2025 Flnandal revlew The a(nts show a dKrease to the Union's gaRral unrestricted reserye5 of 2,816 (2024.. an increa OF £260). The Union spent £1,114,138 (2024.. £1,052,968) on A(fvi and Representstion and £609,740 (2024: £609,739) on Student kbvities and £528,105 (2024: £493,881) on commLFnicaiions and marketing. The Unv)n's dcff( cn Student Venues Entertairments has worsened to £812,463 {2024'. £6(6,394) on a fijll b3SiS. A desgnat&l reserve kras LEen set up to reflect the remaining tngon liability of £686,813 whlch Is able over next 12 yeais. The iThJusion of the overall pension dthot and ther deslgnated r&eNes resuK5 in the totsl r£t assets mounting to £515,85012024'. assets of £485,460). The Trustees note the Union has ended the fitwncial year with a defiat of £30,390 (2024: SurF4us of £1,844) and retsined General Reserves, exduding the pension defia¢ of £1,001,607 [2024: EI,034,423). The Union had net assets of £51550 at the y&irnd (2024: assets of £485,460) and rmlns financrally strong. At the year end, restri fvnd5 of £68,674 (2024: É56,143) and £30,035 (2024: £16,248) r4)resent the unspent part of University grart which has been rinfaKed ft>r use in relation to ARU Lon hAU PrLh ptivY. The Unkfi has a general reserves poliry of 3 months oErdting costs plus the financiab impli¢atiors of the top S risks in the union's risk register whith follows Charity Cc¥nmisgon guidan. We also have an invesbnent policy whid) invests temp(ary excess r&eTves whKh subiert trj remew enables additK)nal strategic S[ding. We curMtly have excess reseryes approwl ty the Trustee Board In order to Use the exce$5 funds. Arulia Ruskin Sttjdents, unl (the'union? incorporated as a company liMd by guarantee (Company no, 08064796) on 10th May 2012, and on 15th Augusi 2012 registered as a legal entity with the Charity Commission {ChaTity . 1148574). The Charitable Company took over the assets atyj activitie5 of the existing unincorporat1 Union on 1st S¥>tember 2012 from which date it comMeed operati)n5. The Trustee Fr operates four sub-committees trj supkKJrt their work and dlsiC mang. The Finan & R(d( Committ Overs the financial and risk management of the Unl. The Appointments and &)v&nance Ccmmtitee over5ee5 the apwintmen¢ induction atvj development ofthe Board and Senior Managent Team of the Uni¢)n and the HR aM1 Employee Engagement Q)mmitt& Overs the SUFP)rt and ¢evelopmwt of employed staff ark vduners. The renumeration CMitt has the oversght of the Union's pay structure, which indudes the pay & reMleratb)n of senlor personnel. Offir Trusts are elect81 by the student body; External and Trustees are ar4xintèJ by a ColtLIttyI Apwintments & Govemance Commtiee, and their ap4ntMertt is ratified by unrt Counol. Trustee5 rffeive a full induction into the Union, and all categories of Trustee are Offer training and developmut oppK)rtunities to 9JPWrt them to be effective In thelr roles. The Tnjstees have paid due regard to guidance issu&J by the Commission on public benefft 4)nd other areas in de(idirKJ what activilies Charlty slKsuld urKlertake. Scheme of Dgated Authority is reviewed annually by Trustees. Delegated autrity is given to the Chief Executive to manage the Union by impEementing the pdicy and strategy adoptsd by and within a budget approvql by the Trustees.
Page 16 ANGUA RUSKIN NION Tru EES REPORT Isr Ju Y 2025 The Union ts principamy fijnded vla a bkk gnt from Anglia Ruskjn Unherslty. The unl wLYks dosely with the UnIvety aThJ our Strategic Plan, recognisin9 the imkxjrtance of beirwJ a key partner LknlVty, rellects OL desire to woF in partrwthip with the institutlon to deliver Ihir Corpx)rdte Plan. The Senior managernertTM The Qief Exec]ye is pport& by 0 Directrys, and alongskle spe(ialist finan, HR and Strateg proj staff trw fom the SeniLY Management Team. This team 0deS strategic management of the lOn, manage5 its orerations promdes leadership for the staff and vdunteeT5. The Senior Managanert Team report to the Board and its su1COmMittees, ensurlThJ they are kept infomièj of all asp of the OTWi5atirn. The tr•)ard aFprcve the strategy and bgets for the union. Kay PeNmnel Salarfes salaTte5 of personnd are determined by placing the ro wthin a gyade knundary on the unic s pay le aThJ are sUbJt to the approval of ts Trustees. Annualty remuneration s reviewed, a1 arOpriate increments are awarded to empby&s in line with budgets. Each tfme the Job DripliOn or respcslItieS rf a role are changed con&deratrn is glven to the gr7de trfxtndary st suitad to ts resF4)nbitseS of that rd& Relallonthlp wlth the Unlverslty The rdatictship UnIVer5 arKI the Un)n is estab5ished in the Regulations of Unlversty. The Union receives an annual Bllxk Grant from the Unrverslty, part-cUpt a numberof bull dings ryned by the University. AhoUgh the Unlort continues to generate supplemwltary fijnding from various mutual tradlng thtjes. It will always be dependent on the Univerty's sui¥rtJrt. There is no reason to beliebe that this or u1Valent supp(rt from the UnIvety wli I not continue the foreseeable future, as the Educati{ Act 199¢ impLEes a duty on the Uniw5ity to ensure the financial vtability of its student representative bTr. The Trustees have eyAmlnaJ the mai)r 5trdtaJic, business atKI opwatiffial risks fa by the Sdents, Union. A rfsk reglster has been establishgj aThJ is updatej at least annual. Where appropriate. systwns or procalures have been establish1 to Milite the risks the charity faces. d9tary and intemal Cofrtrol rlsks are Minim by the imentatIon of proce[kn for authorisatKsn of tran5artions ar project& PrC(lure5 are in place to ensure compliance Nth health and safety of staff, volunteets and partlciparts all activitie5 organised by the Union. These pr(£&Jures are periDthcally r1&ye to ersjre that they continue to meet the dS of the tharity. The Tnjstees wulady reviÈw the Unic'S key strateglc risks to ensure the identified risks, and the assxiated actions, rttln rdevant to the ni,S devdoping needs and envircfiment. The FlnatKP and Risk CommtLtee consider risks at e meeting as circumstances and events unfokl ea(h 5Ltscommitt cf the PJ)ard wularly mlews the risks ptinent to their areas of interest. This year has seen the continued devebpment CA the Risk RegISt by mènagement as it is used In practi, liaising with the Finance a$ Risk commits's extemal expert as needed.
Page 17 The key strategSc rfsks renaSn as lJentlfled In prior years gNped urK1er the following sublKts: Measuring irthmal arKI extemal ri5k5: Complkince Flnanoal &)Verna[ & Strategy Operational Reputstr"on External Rlsks The key skntegit risks faang the Union Yre. ternal Extemal &)vernment Policy Hightr EducBtion Policy (particularly Teaching EXcdIen Framework and Nati1 Sdent Survey), Non-Hlgher EdLThtion Pc OngcAThJ Trljnd Unfver51ty Stratsgy- Recrultment SL¢ccess & fijndlng Legl4atfve Frame¥wrt-wlth reference to Charity Law Merger Wdtde College - AFIU wlth Wrtile College as of 29th FeLYuary 2024 which increa1 Sdent numbers - the work and rf5ks In this area changed as the tOIe¢t evolved and the éeadline a oached. Networlfs ARU Studentg Union is a(ffliated to the National Union of Students. NUS is a c¢)nfederation of st(¥Jents' unlons arKI affillan thwefore has no impart on the OFerating lIcIeS adopted by ARU Stjents, Union.
Page I ANGUA RUSKIN sniDENTS' UNION EES REPORT ENDED LY 202 srAIEMEiff OF TRiJsfEES' RE5PQNSXBXLmES Trustees are resnsILe for prepariThJ the Annual Report and finaNial ststemats in accordance with applicable law and United KiThJdom Accounting Stsnd9rds (Unit&l Kingdom Gerwally Accepted Accounting Practtce}. Company Law requires the tharltsble CoMpanS Trustees to wepare finantial Sr2temts for each financial year which give a true and far wew of the State of affairs of the Charitsble Company and of its Inccffiing resour ar applicth of reg)urcts for tIKit perlcrfl. In preparing these finala1 statements, the Trustees are required to: selt gJitsiAè aCCC]ng lIeS and aFyly than con&stently. Obwve the mhods and w6rKtples of the Charilies SORP. Make ILM1genrts and esbmat&s that are reamble and wudenL State whether apF4icable acctsjnting standards have been followed, SLtiect to any mthal depre$ thsclosed and wlained in the financial statements. and Prepare the financial statements on a going concem bass lesS It Is Inapmiate to preswme that the Charitable C£Jmpany will continue to cfwate. The Trustees are rwnsble for keepirvj proFer accounting records which dISe with yenable acojw at any time the financial pJ)sltion of the Ctharity and enable them to ensure that the finanaal Statements comply with the Cc(npanies Act 20( and the prov19cS of the govemlng d(UmenL Tly art also responsib for safeguarding the assets of the Charfty and hence for tsking reasonable steps for the wevention and detettion of frJJd and other trrewlarftSe& cLYffim tha¢ in the case of each ofthe pYrWho areTrue5 atthe date of thls rem the followiry aFWies: ) far as each Trustee ts aware there is no relevant audit inf(rntion (infomiatTon by the Charitable C(ThpanVs auditors in connection Yth preparin9 their report) of whlch the CharItae Company's auditors are unaware. arKJ Each Tr has taken all the steps nece55ary to make herselflhimselFaware of any relevant autht inf0MticI1 and to establish that the Charitabk Ccfflpany altorS are aware of that infomiation. Al¥1 by Ihe Trust&s on 4th March 2026 and ggned on their lJeh* bv: han ial Trustee
Page | UA RUSKIN DENTS, DEP Opknlon We have èuditbj the financial statements of AlIa RuSn Students, Union Ilhe'charitst4e company) forthe yèar eridèj 31# July 2025 which ccmpr¢se the staternent OffinK•a1 actiwtE5, the bakirKe sheeL thestatewent of ca5hfiM aThl rntestrthe finarKial staternen15, ifKluthry a suffitllary of significant accounting Oicies. The financial rep)FtitwJ fram&V0 that ap1 in thar paration is ar¥Jli12ble law United ngdoM Accounting Standards, including FuMtKk?l RepJrknTrJ Stsndard 102 Reporti1 st1rd RewblK of (United .g(M Generalty Atcthnting Pl¥ttI. tn our opini?n, the financial Statem&. gNe a true and fair view of thestate clthe dritatIe cryrwarfsaffairsas of 31July 2025 aThJ ts0)MIng ie9)uTres and applicatktin of resourttq for the year t ended. havè bew prwrty pre in aCCordare with United ngdoM Gerrally Accept8J knunti Practi. aTKI have prepaod in atcordènce with the requirements of cMPae% 200& Basig for opinion We coTrJuctd ojr aud¢t in accordan wth lrtemational StsTrJards on l.j (UK) IfsAs (W) and èprAicatde law. resp)rfyLMles ufKlwttwstarK1ardsarèfurther Ilescri in the Auditorfs responsiLileS fortheaudrtof thenala1 5laternfts S"0n ofour repNL We aye independent ofthechantable company in aCcOrd3n wf(h the ethKal repu1rnents thataie rdevant ttb our awJf( of the financial statements in UK irKlJ<fing the FRCS Ethtal srJ, and we have fulfilled Ujf Other ethical r.1(1@S in &Corar with thesè requiremen We believe that the audfc ewdence we have oblain&l is suffitient and arorowate to pThide a b3515 f(Y Jr otnion. C4Kluslons relatlng to golng concorn In artIng the financlal statements, have concluded that the trust. LLse of the gKJlThJ corKern 14ss of K£ountiro in the p[raort of thefinan(ial ststwnwts LS èp[pftate. Based on the wort we h4ve ¢rf¢ym&J, we hwe wt identified any teria uncatsinties reknbTrJ to everts or conrf((ins tha Individ11Y or colkntivelyi may cast significant doubt on the thirita cf1rn1S abilty to continue as a wing COeM for a pwiod of at knst iwel¥e mrNtth from ¥Yhen the financial &atements are autrIsed for isgJ& r resFonsilylthes and the resp&bIlitieS cl the trustees 1th iesyttto going concwn are descnted in the relelrdrt on$ cl thts rep Qth•r inlorm•tlon The other inforrftatson comprlw the Information Included in the annual rq)ort, other than the flnènria1 sL3tements and our auditorfs rÈKLJrt thereon. trust are resporrible for the other inforniatim. our0pinTh on the financhi15tatements d(Es not cover the cther information and, except to the extent otherwise expliatty at8J in wr retxjrt we do rnt express any fomi of (x)nclLLSK)n thereon. In tj)nne£tion with our audit of the finartial stalements. our responSlty is to the other Inf0Mt)n aTrJ. in dO1j so, conshr whether the other inforrnation is mrialty kncorsstent wth the finantial ststements or our kY4e Oblain in the audr( or otherwise aFffars to te Materity misstated. If we identify SLJch material iOnstenc1eS or apparent materfal misstatemènts. wo ère required to detwmine whether there is a material Misststenl in the financial statements or a materhil misstatement of the other informatw)n. If, bas&1 on the woth we have From, Cond that there is a mtsial mtsstatement of this cther InforMaon, we are feqsjired to reFOrt that fact. We have Th)thirg tt) rewt in this Opthions on oth preKTibed lry the Companies Act 2006 In okxnK)n, Iiased tho work undertaken in wutse of the aLk1f(.' the IatThn 9fven in the trustees, reFQrt which inchJde5 the dlr&tcrf reFQrt wepartry for the wriws of company law, for the financkl year for which the financial statements are pvepared is cong&ent with the ffnarKial statem, and the dil0, report Included vlthln the trustees, reEDrt has bn preparal in accordan apFdicable legal U[renl%
Page 110 LIA RUSKIN STUDENTS. INDEPEND NT DIT REPORT OF THE M MBERS Matters OD whlch we arn Yuwired io repNt by ex¢4ption In the light of tho kncwAe¢ and vThJerstanding of the thyritatle comparry tts Onment obtained in the course of the aud¢ we not Hlendfied material mi55tstefflents in Il dIredc. rep)rt wtihin the trustees, rewL We h#¥e nothing to rep)rt In reSt ofthe tDlkn¥iffJ mattws in rdalm to the Companie5PKt 2LK6 rewires us to reF¢)rtto you , ift r otxnK)n'. adeqte attojnting recordsh3 noi teen keK orr&umsèwtefor ourautht have not been rtteiv&l from brand)es Tr)t wsiteil by us,. or the finarKiaS ststements are In awment vAth the acrojnllng rordS and olurns; or ¢ertain k)sJrS of tnjstees, remuneTrtitin sIfied by law are not m,. or we have not receNaJ all the inftsrmat aFMI explanatrts we require for our audil; VT the tsLStee5 we not entitled to prepare the finanual Statents in accordan wlth the sffiall CoMrieS wirne and take advantwje of the srnall (orroanies, exempti)ns in prepar6NJ a strntegic re As eykiln&rf ffl0 in the tntstaes, resp)rtsits"lr(S #aternen¢ trustees I are algo the ¢fIrett0 of the charitab ojrpany forthe pur[ of company law) are resprAtsib for the wq)araUTr) of the financial 5tatemÈnts and for ban9 $iled that they 9Ne a true kir view. fc th irtemal coTrtroJ as the tru5tee5 determi s rceSSary to enabte t preyratth) Offi71 staiemerts trar a fr& from mateyial misststernenL dLt to frèud or enDr. In preparing the finartrdl staiements, the tNstees are frjr assessiNJ the comwfs atmtity to c(rfNe as a goiThJ mm, dixh)sl as applicatde, fflattets rélated to 901 concem ar¥J using the coKern baS of ting unk55 thè trustéas either intend to li¢widate ts Ccffipaw or to cease rat)rts, or have rD realistic Iwt to do 91 Au¢fkn's Y•4MxwlblMlleg for the audit of th• financial Jlatements (Jr are io otain reasLJnatse assurdnte at>Jut whether the finarKtal siatements as a whde are free from material m155tatement, whether due trfj fraud or errot. to issue an a1¢05 reptyt ihat IdeS our opinkjn. R&wnaUÈ asgjrance is hKJh level of assurarts is ncrt a guaTrThtee that an audit cornlucièj In accC#dan ISAS IUKI W11 alw detect a material misstatement wTr (t exists. mi%tttts can arise from fraud or etTor aTrJ are Congder m6tenal rf, indldUallY or in the a9998t4 thty cwld rèa9)nabty be &XFecled to inflLrth thÈ ec0nLfft asKJns of uws taTr on basis of thse Tinar?1 Irregularities. including fraud, are Instan of nOrK0m1an aTrJ reguèti¢Jns. We a&ign proc8Jures In tlne with our responsibilities, oU1nl above, to material misstaternents in resw of irrèJuk7riti4 induding fraud. The extentto 1£h cur prryedures a Cab of detst1 irregukritie5. indudng fra is thiailed telow.. Ch¥itable Company i5 requ to with t)th comparty and charity law arn1, Lwd on ow kTredge of its actMtse5, we that the bjal rqU1renrt to accuratdy aLttwntfor restrictd fuTrts was of key S&nthCae. We gained an uThrstaThliThJ of how thè Charitab company Com1•1 ts legal ènd re9ulatory tramlrk, indudng the requirement to pmpedy ac£cwnt for resttict& tlwh dwsth7s with nianagement and a wew of the documented pol¢cies, ¥ureS and contrcl& The audit team, whth s experied Ni the audlt of chare$, consbjered the chartiaile compan$ su$bIl LD material rnis5tateMent arxl how fraud may r. Our cdtsitrations induded the risk cl marogefftht emIe. Our aprmach was to check that all re5trirted ntome was properly I1d and sepaFatetyaccountwJ for and to ewre thatonly valid and appyopriate WasdIarfdto 5trirted fijnds. Tlis reviewr¥Ji)umal )Jiustmert£ and unusual tranacUor& A furth description of tyjr respov011tS for the au¢fft c( the fiTh3fKkil statements Is k¢aial on naIla1 Rep)rting O)uKII s websiieat: wbww.frc.org.ukJaUditorsTe4KIkn7rtle%. This dwiptKm fm5 part d our auditorfs reFort.
Page 111 AN ND PORT FTH MBE Ths rep)rt is m&Jè solely to the tharitbb company's mÈmber5, a5 a body, in acctydarte wkh Chapier 3 Part 16 of the Compan5 PLt 20(. Our audit work has unrkrtaken. so that we moht stats to the (h6ritsble comparfs memters thtse matters wè èrt required to statè to thèm in an auditor's reFXYt and for no othw purtw. To the fvl extent wmitted ty Liw, e do not acopt or n9b1111Y to ony¢Y>e othw than the chwitalAe company arvj the tharitae compa)ys mtrS a5 a Jxx*. our autht worK for thi5 repjrt or for the opinions we have fonned. l J ?d) è Stephen (Sentor StsbJtoryAJJd¥ior) For and on LEhaKof Knox Qopper LLP, Statutory Alldltor 65 Leadenhall Street ECM 2AD
Page 112 STA THE IN LY 2025 Unrestrlcted Genernl Funds R¢strirted Dtslgnated Total Funds Fund% 2025 T¢)tsl 2024 INCOME AND ENDOWMENTS FROM: Don?tlon$ and Grants od( Grdnt Srths Grant Otlw Grants Other C)nations Charltable Actlvltles Sbjdent Soaal Venue5 Student Acbwties 1,935,filO 109,360 643,633 $79,233 109A60 209,315 2,336,540 109,360 102,349 37,909 209,315 462.206 461206 65A54 345,151 9),185 65,454 Comrnunicaticts arKI MarkeknThJ 41,243 147 976 696 385 643 633 41,243 72,546 110 897 Totsl Zn¢ome 274 769 3 614 787 EXPENDmiRE ON. Charftsbl¢ A(vitia¥ student Sjoal Venues 904,587 431,568 889,064 431,645 160,767 160,767 22S,074 96,460 209,315 ¥274,669 59,120 651,455 &114,138 528,105 951,545 fy)9,740 1,052,968 493,881 Advlce and RepreStatiOn Communication5 a1 Mark£*ing Revaluatlon of Penth Provlslon Total Expendltsre 15 284 465 3 $84 397 3 X13 093 Net Xncomel(Expendlture) Trants Betten Funds Net movement In fundg 39,521 565 (9,696) 30J90 1,84 15 Rec•ndllatlon of Funds Totsl FuThJs tIght fward Funds Carrled Fon¥ard 1034 423 98.709 All tsar15aclns noted atM)ve derive from continuiNJ q)eRUon& Tr Mtes on p•Je 16 to 26 fomi part ofthese finan(ial statemdits
Page 113 NCE SHEEr 2025 2024 FIXED ASSETS Tangible Assets li 29,701 52,323 CURREpif ASSErs strks Debtors Cash at Bank arKI In HaThJ 39,668 224,700 1 156 154 1,420.522 33,427 128.208 1251378 1,413.013 12 CREDITORS: Amwnts falllng due wlthln one year 13 NEf CURRENT ASSETS 1,113808 1,107,421 CREDrroRS: Amounts f4lling due after than one year PS1On Prwson 14 (627,259) (674.284) Total Net Al(LIabIlItIes) 515 Restrfcted Funds 15 98,709 72,391 Unrestrlcted Funds General Reserves Designated Funds 15 15 1,001,607 584fi66 515 1,034,423 These financial approv&J by the Board of Trustees on + March 2026 and are 9gnc on thar L*halF by: John epl(ou Chlef Executive Roshan tsl Trustee The notes pagas 16 to 26 fomi part of these finandal statements Registered Company Numter: 118064796
Page 114 UA RUSKIN 'UNI STATEMENT OF CASH FLOWS 2023 2024 Cash Flo from Operating Artivil Nel movewnl for the period Adjustmentsfor: Dreciation Irtere& rVed fmm InvesthRnts De¢rÈasel{lrelSÉ) in DaSe/{lAC[È} in Debiors lrKrealIDse} in Pertskm ProvsKJn 1rtr&l{O[eaSe} in Ckher Credf(ors Net Cash uged kn Operauno Athltles 21622 {11.095} (6.241) (96N92} {30A54) 22J3 (1178) 119,625) 22041 13594 38,019 12 14, 15 (10319) lrtere5t rewe from in¥e5tments Payments to acquÈ fued axsèts Net Cash used hb In¥estiffj Acllvities IlmS li 11,095 151124) Cash Flowsfrom Fmn(w Actl¥ill£s Loan pay[Ner Net Cash used lrt fifianclnA Aclfvltlos ar#Je in cash and Ualertts in thÈ perfod Cath equivaknts ot strrt of the pc*lod Cagh aml e4ulvalents atthe •nd vf th• p•lod {95,224) 1251378 (14.105) 1265 483
Page I IS ANGLIA NOTES TO THE FINANCIAL sfATEMEiirs FOR THE YEAR ENDE LY ACCOUNTING POLICIES Basis of Aco)untln The flnancial Statents have teen prepared In acCcyd3n wlth the SE(ommendaUors of the StsterTWt of RKomrneTrJed Pradi.. 'Accounting arKI RetK)rbng by tharfYe5' (SORP 2015), the Compans Act 2CwJ6 and UK laDunt4ng Strndards indudlng FRS 102, the Flnanaal Ren9 Siandard applKabie in the UK and Republic of IrelaTrJ. Ar¥Jlla Ruskln sthderI Lknicffi consi1t a public trenefft entlty as d1 by FRS 102. The slee$ conskr thatthere are no material uncertalnues alxxttlfr Cl4irty5 bj 0nUe asa lryJ conc. All 15 rec(YJnW 0e chartty has entltternt to tl Ino)me. fc Is probable Ilkit kncome will be re[VJ, and the 4munt Df incorne rNable can be measured reliabty. Donations are recognls8J when Angla Ruskin Sttxjents, Unkjn ha5 been notlftgj In wrfting of Ih lthe ¥mjt and settlement date. In the event that a th)FlIOn is 5uble£t to cmdlUor6 that re4ure a Ve1 of Ferformance before the c3rity entitled to the funds, the IrKnme Ls deferred and reccJnls&l untsl either those 0}ndonS are fiJlty rrt or the fulfllment of ts15e coTrJttlons bs wholty within the cortrd of tts tharity It ts probab lJTrat those condilion5 will be futh11 in the retij Fwlod. Interest on funds held on deposf( is irlUded when recLyvable and the amunt can te rneasJr8J relkb the ctrb3rtty: thls 15 normally upon N)tificatlon of the Intere# ld or payabk by the bank. Expendiiuve rethgnitlon abilities are rn11 as expertlthjre as as re15 3 legal C£stjcti obligatron comrnlttlng the tharity to that expenditure, it 15 probable that setuement will requlred, and the arnunt of the oblwJation can be rneèsured 1labty. All expendlbjre Is accounted f(Y on an ac(Jual ba. All expen IrKfuthng supwt CC6ts g(wernan sts are allocated or apportbned to the applioNe expendlture headlngs baSj on the number of perne1 in eath area of tharltable aofjvty. IrCoverts1e VAT ITrecoverdble VAT is tharg8J agabnst expendiU5re Iwdlng for whkh It was InIrred. Operatsnu Lease Agreements Rentals applirAble to opaating leases where substsntbalty all (( fv FMefft5 and r15ks of ownershlp remain wlth ttE k550r are tharged aJaknst proffts on a ralght-Ilne basis over ihe terDJ of lease. Penslon costs Jlrd Ru5knn Stydents, 0 parUdpate5 In the Sknlent Unlon sUperannuaon $the, a denneA benefit me which Is exiemally fvrbjed aTrJ contractexl out of the State Second Petwon. The stherrE is now dosed to fvture arual. The fund Is vèlued at least every three years by a proftsslona qualrft8J Independent aLJJJary with the rate5 of contributpjn payable telng detrrmlned by the sLheme trustees on the ajvke of the artuary. The thme LS a mulb"_empknyer $ce aThJ operate5 as a arraThJement wlth contrlbuttons paid at a rtraIty agreed rate. A5 a consequen. no share of the underlyirrfj a%ets and ha'lle5 can te direct attbutl to the Unlon. In these dwwmstrnces, contrtbuvors are ac£our*ed for as If Ihe were a defingj contrlbubon stheme based on acbjal Coythbutk)r pold thyjgh the
Page 116 NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST JULY 202 AccouirfiNG POLICIES {Contlnued) Taxatlon No prowshjn is in these Kcounts fcf tsx as the Urlon is entid8J to the exemphs avadth to ChatieS all irKoThe15 akwod for Charitab Tanglble Ilxed assets and thpredatlon Fix8J assets a #ated at cost less accumula1 deprérBt. a rrtGiritdised bebm £2,OLXI CD# p . Dekyeoaljon is dr9ed on a strdight.rine bas$ th&r estimated usefijl Ilfe as follryhs.. Fthres aThd Mtings S years ¢È Fjmiture arbj Fumiture 4 yeaF5 rrthnKal EqUipMt 3 years Cofflmefcial Equipment 3 years xed asset in¥tm are stsbj at tt&t less inFairr Strth a Wdlued at lowffiof c05ts and net realtsable value, knr makirthj all{r•Ae fu obs¢Aete arul $- ing Pund accourtiwj ricted fuThJs comwse income rewved to in CordanCe wTrth specft nstnthrs imyK6ed by onors, less awJJod cos& aim and use Lrf each restrlcted fijnd i$ Set out in the YKXe5 to tlE aco)unts UnreriLteJ fun(ts are fvThJs avamable for use at the d(Tel)n of the Tn in futhTan cl wièral objectwes of tharity. DeSnated are set asde at the d1¥r&)n of the Twstees for include balarKe5 alk)cated to indiwdLwI dub5 and scrLie )Uld othewwse fomi part ofthe gendl rerves. 2024 2025 Grants From Univer51ty BlrKk Grant Sports and gThtie5 (knnt Ots Grant other CtionS 1,935,600 109,360 643,633 1579,233 109,360 209A15 2,336,540 109,360 lo249 20915 The Lkniversty alw prOe the Union with rent fr& accl)datIon, in accordan wlth an infom7al lic agreement. The value of thi5 in-kind trtrjefit has not teen valued and indudeyl in thÈ atnts. The restricted hcome represents parts of the Universrty fundi whlchls ring fenced fvr u in relation trj ARU LonthJn, ARV PeteTbOr0Lh aThl AFiU Wfittle. See Note 16. The desiynat&l CLne of £209,315 relatas to the Unlveity canmitment to ppt the cafes In Compass Fknu5e, Youro Strt and Thyme OUL as well as the Bar"Baa". The desIated Other Donatior6 kn the prior year was the anUnt of cash h by Writve College Union at the time It Merg with AW.
Page 117 AN LtA RUSKIN sniDE 'u0 NOTES TO ThE FINANCIAL sfATEMENTS C(nUed FOR THE YEAR E DED 31SF STUDENT SOCIAL VENUES 2025...-.-......-.......-...-... Entertalnment Total 2024 Totsl Sa$ Cost of Sales Gross Fknfit Stsff Salaries and Wages Other Direct Co Supr4)rt Costs 102,284 295,435 57,519 (30,742) (169,809) (39,080) 71,542 125,626 18,439 (129,054) (216,983) (40,847) (97,359) (57,265) 19,765) (94,251) (94,251) (94,251) {249,122) (242073) (126,424) 461206 345,151 1239,631) (188,307) 221575 156,844 (56,677) (443,561) (339,109) (50,084} (214,473) (89,839) (94,251) 377,004 (334,290) {194,044} (812,463) (606,394) -2025--------------- Unrestrlcted Restrkted Dtslgnated Total 2024 Total Income Dlrect Costs staff Salaries and Wages pport Costs 65,454 65rt54 90,185 (59,120) (146,376) (132,677) (128,074) {142,7TJ} 377.005 (334,290 6,334 (586,OOX) {519,555} 187,256) (128,074) 216,238) (If,767 (43¥568) (160,767) ADVICE AND REPRESENTATION -2025------------------ Unrestrfcted Restricted L)esignated Totsl 2024 Total Direct Costs stsff Salaries and Wages pport Costs (66,143) (520,188} (302,733} {225,074 {888.064) (225,074) {66,143) (61,433) (520,188) {523,529) (527W7 468,006 1,114138 (1,052,968 COMP4UtIlCATIONS AND MARKEfiNG --2025---------------__ Uwestrirted Restricted Designatsd Total 2024 Totsl Income Dirert Co#s stsff Salar5 and W 41,243 (115,053) {186,849) 129,743 390 41,243 (115,053) (186•9) 226.203 486,862 72,546 (109,281) (184,026) 2CKJ,574) 421,335 96,460
Page 118 Nl NOTES TO THE FINAN AIEMENTS END --2025-- UnresM¢trAd Restrlcted Deslgnated Total 2024 Totsl tral knces SaLaries arn1 Wages Penson Levy Premises and Equipment Cc6ts Administration and Finan Human RUrr£S and Payroll Professional Fees (499,305) (497,986) (4,024) (31.190) 3,027 (265,999) (145,143) (23,743) (2,966) (30,730) (9,960) (86951) (643.068) (997,291) (905,217) (024) {5,661) (28.163) (37,338) (41¥142) (315,074) (26,709) {33,617) (30,730) (31,153) {9,960) (9,100 {¥50&019) (1,337,160 Sl)Jdent 5xial Venues Sbjdgrt kuvltles AdvKe and Represertation CommunIcatior and MathetiThJ {216,23n (160,767) (216,238) (160,767) (302,733) (225.074) (129,743} (96,460) (864951) 643,068 (377,004) 1334,290) (377,005) (334,290) (527WJ7) (468,6) (226,203) {2LK),574) (¥504019 (1,337,160) 2025 2024 Salaries and Wages Employus Nl Pengon Ctribut5 (currart enwloyees) Penson L student Stsff Stsff costs currert L829,457 187fi98 89,465 4024 169,343 1279.987 1,699,028 148,081 8D,215 5,661 167,330 2,100,315 Penon CcrfrtributK)ns (past defidt) 16,030 2.290.017 2.195,275 Raaundancy payments of £14,662 w&e made dutlng the year (2024: nil). The average number of empW (full time equlvalents) during the pericrfl amountal to 65 (2024: 60). Ie emplwe eamed enlUrnents btheen £80,000 and £90,C(KJ (2024: 1). Key mawement persoftr cor&sts of 7 persons whose comtxnEYl employee bts including SlOn5 amountal io £335,406 in 2024 (2024: 6 PpIe, £275,620). offi trustees 1Ve reMune1ath fDr ther 58wces as offits of the Unlon and the amunts Fkiid durrng the peri(Kl atE set out in note 21. No othw trustee received remunerath)n thwr swvice5 {2024: nil). nSeS amntIng to £l?77 wwe rM1ed to the truths durlng the wod (2024.. £65).
Page | 19 ANGLIA RUSKIN sfuDEpifs' UNION NOTES TO THE FINANCIAL sfATEMENrs Contlnued FOR THE YEAR ENDED 31- JULY 2025 PENSIONS The Union partiapated in the Students. Union Superannuatw)n 5dMe, wtmcti is a defin8J benefit stheme whose mnberShIp consists of employees of students, vnion5 and rela bLKlie5 throughout the country. Benefrts in respett of seNtce up to 30th September 2003 are aC{n on a Yinal salary. basls, wth benefits In respect of seNice from I October 2003 accnjing on a Career Average Revaluej Eamings (CARE) bass. Wrth eff&t from 30th septnber 2011 the scheme dosed to future ac£rual. The most rftt valkjab.on of the scheme was rrIed out as of 30th June 2022, wÈth the reput publish in mid-2023 showed that the market value of the scheme s assets was £106.7m. These 055ets represented 44% of Ihe value of benefits that had accrued to members after allowing for • fure increases in earnngs. The defiot on an ongoing fijnding baS amounted to £136.6m. The 2022 valualion recommended 3 contribub'on requlrement by eath Unlon expressed in morthry temis intermled to clear the on-going fUrIng deficit over a pericrtl of 13 years from Ottober 2023 (to May 2037) and will increase by 5% each year. The conthbutk)ns a150 indLMle an allowan for cost of the on1ng adrninistrative and opuational expensÈs of running the Scke. These rate5 applied with effect from I October 2023. In accordance with FRS 102 wov75ion has been madefor the discounted value of contributions payable. SLwpluses afKI defictts whith arise at future valuatrfrns will also impact on the Unions future cCtribUtion commitment. In addib'on to the above contributit)ns, the Union also pay5 ILS 5hareof the scheme5 Iw to the PensKJn Protection Fund, as per Note 8. The dis£ount rate applied was 5.5% (2024: 5.00kn). The net present value of the contn"butions that Anglla Ruskin Students, Union have agreed to pay over the next 11 years represents a liabllty at the yearnd of £686,813 (a rèJuctlc of £30,554 from 2023124) See note 16. The de¢se in Ilablltty Is due to the unwlnding of the dLscount for the last year ba'ng I$ than the monthty payments made towards the fundlng deficL The total contrlbutlons pald into the xheme in Ftrt of the iijnding deficrt for the perlcd ended 31st July 2025 amounted to £46,584 (2024: £62,681). The Unton now particlpates In a further penslon Sch5. the NUSPS Pertsion Scheme, a define contribution xheme. of which 6% of gross salaries are paid in by the Union and 6% of net salaries a pa in by ernoYeeS and AEGON pensiorb scheme, of whlch 3% of gross salar5 are paid in by the Union ar¥J 5% of net salalles are paid in by employees. The totsl contributions paid t0 these further stheme5 by the Union in respert of eli4qble employee5 for the year ended 31st July 2025 amounted to £89,465 (2024: £80.215) see note 8. 10. NEf INCOMING RESOURCES FOR THE PERIOD This Is stated after tharylng: 2025 2024 Deprecth"on Auditors Remuneration Operating Lea Costs 21622 9,950 22,343 9,500
Page 120 AN LIA RU DENTS. UNION NOTES TO THE FINANCIAL STATEMENTS Continu LY2 11. TAfiGIBLE FIXED ASSErs Equlpment & Flttlngs Other Totsl At 15¢ August 2024 Additions At 3101 July 2025 139,590 23,354 26,977 189,921 189 921 DEPRECIATION At 14 August 2024 Charge for the year At 31st July 2025 87,267 23,354 26,977 137,598 160 220 NEf BOOK VALUE At 31st July 2025 At 31sL July 2024 12. DEBTORS 2025 2024 [e from the ithivvsty Olher 219,535 105,208 223,095 126,443 other DebtrS VAT 5,470 6,558 128
Page 121 ANGLIA RUSKIN sfuDEfiTS' U Io NOTES TO THE FINANCIAL sfATEMErirs Continued LY2 13. CREDITORS.. Amounts falliwJ due wlthln one year 2025 2024 T/ade CredIto.. Due to the Univ&sity Other 32,275 34,659 27,096 27,096 66,934 OtrRr Cr8ditw5 indudry Toxatth 47nd PAYE and Social Serity Pension Lt"abilty Accrua 57.462 59,554 163,002 36.204 43,083 159.371 2818 307,114 238,658 305 592 14. CREDfTORS.' Amounts falllThJ due after more than one year 2025 2024 PensM Llabilty 627 259 627 259 The pension liabilty 15 due to be paid over the next 11 years and is based on information prNded by the SLES. The PenSn Liability ts repayable over the following pericJs: 2025 2024 rhR Within One Year Beteen Two and Fwe Years More Than FNe Years 59,554 235.405 43.083 270,802 403 482 717367
Page 122 ANGUA NI END LY2 IS. FUNDS Balance Brought Forward InLymie Expendlture Tran51ers Balan Forward ARU LorKlon ARU Pelalxirough ARU Wiitue 56,143 16,248 338,000 168,717 136,916 71391 643,633 (325,469) (154,930) {162,669) (643,068) 68.074 30,035 25,753 25,753 98.709 Daslgnated Funds aubs and Sjdet Other spts Café FdIng Pension Liablity 65,454 {59,120) 72,143 30,204 30,204 209,315 (209,315) (16,030) (284rt65) (717,36n (62¥354) 46,584 46,584 (686,813) {584h66) 274,769 Funds General ReseNes 034rt23 I69385 (2,656•) (71337) 1,00¥607 485A60 3,614,787 {3,584,397) 515 The ARU LOOn, ARU PeterlKJrough and ARU Wrth restricted fund5 rrent unspent part5 of the univer grant whlch are ring fenced for use in relats'on to ARU London, ARU Petertxjrough and ARU Writde. The designa fvnd5 have be established for use for the fc4l0ng purse5. clUtss0oefr 831antrs.' Funds raised thmugh membership, fundraising etc. by Univer&ty dubs and soaeties are ring fenc8J by the irKliwdual dubs and 9xdies for thelr own use. CSpo}8nCe5.'The Folicy rf the Unron is that any surplu5 on th funds are fenced and are to te allocatgj by the students. WriitteMeryer.'The arrnunt of cash hekl by Writtie Q)Nege nn at the time cAthe merger was set aside to help cover tts cost of ARU Writtle athwbe5 POSt.m8ger. Qfe Funding." Funds provtded by Unfverw that allowed the Union to tske over opernoon of four commercial ouU&s on the Cambiidge and Wrfittle campus that run at a deficlt. PengL Lkythlity.. These funds rnt the penslon liak411ty as set out In note g. Contrfbutlons are pald tt of geal reserves and allocatejj against the penslon liatxlty via reseNe tran*.
Page 123 DE NI NOTES TO T Continued 16. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS Rublrted Deslgnated Unrestrtctal Total Funds Funds Funds Funds 2025 Non<unEnt A55ets Net Current Assets CdItorS due after c)e year 29,701 971,gJ6 29.701 ¥113,408 (627,259) 515,850 98,709 42,793 (627,259) (584,466) 98,709 I,OOL607 ANALYSIS OF NEf ASSEfs 8EfwEEN RINDS {COMPARATIVE) Restiicted Deslgnated Unrestrictod Trtal Funds Fund$ Funds Funds 2024 Non.Current Assets Net Cuent Assets Credthr5 due after Me year 52,323 982,100 52,323 L107,421 (674.2841 485,460 72,391 52,930 (674,284) (621,354) 72,391 1,034N23 17. COMMrrMENTS UNDER OPERATING LEASES At 31SL July 2025 the foliowiroJ operatiwJ lease payments are committed to be paid As•ts OtherTh•n Land & BuildiNJ$ 2025 2024 Within l year Wthln 2 to 5 years 5,215 238 18. DONATIONS The Union made no donatlons to extrErnal bclies durlng the year. Where collectTon5 We made by students on behalf of various charitks and lodged with the UINon, we acted as their agent in rwnltt+ng the funds b) the designated charity. 19. TAXATION The tharity is not liable to ccrporation tax a5 tt is tied to trE eXempts"cS avaiL4tle to charlties where income earn&J is applied for thantsble purpose&
Page 124 GLIA RUSKIN DEKfs' UNION TO THE FI ANCIAL STA R THE YEAR ENDED 31sfJuLY 2 20. RELATED PARTY TRANSACnONS The Union'5 lat[onshIP wlth Anglla Ruthln University 15 gov&ned by the Education Act 1994, under which the Governlng Body of the University has a legal requirement to, Inter alia, ensure the finarKial affairs ofthe Union a proptrly cnnducted. The Union is also defjent upon the UnIvety for financial SUPM During the year the Unim was In recpt of a bhxk grant of £2,579,233 {2024: £2,336,540), a (kstgnated Sports grant of EI09,360 (2024: £109,3) and fijrther grants of £209,315 (2024: £55,249) to allow the Union to tske over cafes a bar preMoUY OFerabJ by the Universtty witlK)Ut athjitiorot flnarnal lial.eS (2024: arKI É47,100 to support the Unlon with the exba costs inrr1 during the merger with Wrlth Ccllege). In addibon, the Union OcpS Sts building on a rert-free ba515 under an fomal Ilcence wbiect to the Unn maintsining the buikling in a gocd state of repair. Anmjunts the to from the unlvaslty are set wt in teS 13 and 14. The sabbatltsl members of the TNstee &)ard receive remuneration for their servKes as prowd&l for within the Consththon. The total aMOt payatrAe ftK the officexs during the year was £18i1,888 (2024: £137,975).
Page 125 ANGLIA RU N sfuDENTS' UNI NOTES TO THE FINANCIAL sfATEMEi¥rs Continu 21. COMPARATIVE SOFA 2024 General R¢strl¢t¢d D¢signated Funds Funds Fund$ T¢Jtal 2024 INCOME AND ENDOWME FROM.. Donations and Grdnts Bbck Grant Sw)rt5 Grant other Grants other Donations Charltable Acthillles Student Sooal Venue5 Student Activrties Advi and Representation Communicati?rs and Marketing Other Total Income 1.856,540 109,360 1336.540 109.360 101349 37,909 47,11 55,249 37.909 345,151 23,681 345.151 90,185 66,504 72,546 71546 2 508 152 159 662 3 204 937 EXPENDMIRE ON: Charltable Actlvltles Student S(Ktral Ve$ Student ktivitie5 AdvKe and Representstion Communi&itions and Marketing Revaluatlon of Pens]on Ilrovislon Total EXplture 728,189 404.n3 870,691 415,762 130,198 130,198 182,277 78,119 93,158 951,545 74,809 609,740 1,052,968 493,881 75 262 926 3 203 093 Net Incomel(Expenthture) Transfer Beeen Funds Net movement In ftind$ 88,777 16,331 (103,264) Reconclllation of Funds Totsl Funds brought foTh¥ard Funds Carrl¢d Fornard 1034 163 483 616