R•gl8t8red nUM￿r. 00158543 Charlty number: 1148594 WEST LONDON STUDENTS, UNION {A Company Llmited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS For tho Year Ended 31 July 2026 IWEST LONDON STUDENTS. UNION (A Company Umltod by Guarnnt•o1 CONTENTS Page Ref•rnneè ond Admlnl•tratlve Detailg ofthe Charfty. Its Tru•tsM and AdvlMr• Tru•tè••' R•port Inde￿nd•nt Audltors. Roport on the Flnancl41 St•tem•nts stst•m•nt of Fln•nclal Actlvltles 2-11 12-15 Balance She•t 17.18 statement of Ca*h Flow4 19 Not•• to th• Fln•ncl•l St•tmi•nts 20-37 WEST LONDON STUDENTS. UNION {A Company Limltsd by Guarants•l REFERENCE AND ADMINISTRATIVE DETAJLS OF THE CHARITY. TRUSTEES AND ADVISERS For the Year Ended 31 July 2025 TnMtee• Namira Shrestha, Pre8idenVS8bba16c81 Trustee lappoinled 10 Juty 20251 Yash Arora. PresidenVS8bbatical Trustee (resigned 9 July 20251 Anthony Coad. Exiemal Trustee Iresigned 4 December 20241 Farimah Darbyshire, External Trustee Kfjvin Did(ie, Exlemal Tmstee S8nna Kaa. OffichrlS8bbatical Trustee lappolnled 10 July 20251 Poppy OINia Lane, Officerlsabbabcal Trustee lappolnt8d 7 Juty 2025) Adarsh Sangeetha, OfficerlSabbali¢o1 Twstee (appointed 10 July 20241 Trisul Sunan, Officerlsabbatical Truslee18ppointed 10 July 2024. resigned 9 July 20251 Arnnz Josefine Victorfno, Sludent Tvustee lappolnlad 27 February 2024. re$lgn8d 30 Sept8mber 20251 Comp•ny rngl•t•r•d numb•r 08158543 Charlty ￿01*t•￿d number 1148594 R•gl•tsr•d offle• SIMa￿s Ro•d London W5 SRF Company wr•tsry Tye Mcmahcfj (re81g￿ 1 Juty 20251, H8mna Azarn lappc4nt•d 1 July 20251 Chlef Executlve Offle•r Tye Mcmahon (r•8lgned 1 Juty 20251. JAmal EkKalawy lappolntad 1 Juty 20251 Ind•p•ndent •udltor• Goodrnan Jones LLP Chartered AccAiunlan18 1st Floor Arthur Stanley Hous• 4￿50 Tottenham Street London W1T4RN Bardays Bank PIC 53 The Broaoway Ealh19 W5 5JS P89e 1 WEST LONDON STUDENTS, UNION (A Company Llmltsd by Guaranteo) TRUSTEES, REPORT For the Y•ar Ended 31 Juty 2025 The TrusteeB p￿sent their Annual Report lojether vAlh the audrted financial $t8lomerts of the Charftyfor thè year from 1 August 2024 to 31 July 2025. The Annu81 Report serves the purposes of both 8 Tw61ee6' Rewi and a Directors, Report under comp8ny18w. The Trustees confirm that the Annual ReFQrt and finana81 8t8tements of the charitable company comply with the current statutory requiromentS, the requlrernents of the charitable companls governing docurnent and the provisions ofthe Stslemerrt Of Recommended Practice ISORP} applicable to thadlles preparing their accounts in g¢cord8n¢e ￿th the Finanual Reports'ng Standard applicable in tho UK and Republic of Ireland IFRS1021 (effect￿? 1 January 20191. sin￿ the Charity qualifies as small undgr section 382 of Ihe Corwjanies Act 20C6. the Stratsglc Report requlred of medium gnd large componies under the Companies Act 21Xfj IStrot¢gi¢ Rewrt and Directors, Report) Regulations 2013 has beèn omitted. Obl•¢tlve• and actlvltlo8 •. PolScles and obJ•ctlve¥ Th• obj•cts of the Union are the advancement of educatlcffl of Students at The Unlvefslty of W961 London for th• publlc benefit by., 1. promoting the InlereBls ond weJf8re of Studènt$ al Thts UnNeT8ity ol West London during Ih•lr ￿ul8• of sludy and representing. supportlng and advising 8u¢h Students., 2. being the recognised representalwe channel bets¥e¢n Siudenl8 and The University ofW8st Lty)don and any olher extemal bodles,. and 3. providing social. cultural, sporhng and r•ueational actlvltie8 and forums for dls¢u86ion8 end debate for the per¥onal development of rt8 Students. b. Maln •ctIvI￿￿ undertak?n to lurth•rth• Ch•rlty'• purpo••• for th• publlc banefft The Tru8te88 ¢onfirm Ihat they have compli•d w￿h the duty in sects'on 4 of the 2OJ6 Chariti¢$ AL# lo h•v¢ du• regard to guidanc4 published by the Chgnty Comml8slon regafdlng Put41c Benefit. A¢hlevoment• •nd pfrrforrnanc• . R•vl•w of •ctlvltle• UWLSU rocebved a NSS Score of 86% and wgs rankBd 2nd natlonally to cornparat4¢ In$thuJM$. Over811 engagement reached 83.2% thi8 ocademic year, exceedlng the end of year target 8nd di8plawng a year- 0￿year (Yoy) inuease of 129￿, r8fiecting $u$talned grtsw in Teach and relevance across Ihe studént p¢Jpulalion. UWLSU exceeded 5 targets And gchiovèd ¥ fvrther 10 in the year 2024r25 and a¢hi¢vvd all fin¥ncial KPI'S. P8ge 2 WEST LONDON STUDENTS. UNION IA Company Limitsd by Guarantee) TRUSTEES. REPORT ICONTINUEDI For th8 Year Ended 31 July 2025 Achlgvements and perfomianc• Icontinugdl Ygaf. K•y P•rtomi•n¢e Ihdicoior T•ryel 5tolui Q4 Cofflm•n¢ary st h•$ achi•vgd and exteéded, t1iyplaylng a Yoy Incr0•5• of 12% In ovoraii ofioapvmgnl The lai Jol al Ihv end ¢1 acAd•mic ¥•¥r 2027128 1$ 8$%, laigds wlll Incr8fflenl<y Incriasa •wory yg11 unlll ine 19och 85% Engagement In IA• 5 academi yoar is Iwiiy ropr•sènt•é l+l- S%1 Jcio$$ 811 dorno f8phlc eved and m4lnlalned rBrttrJng éf 2r*l In the Phlss SiJrrf•y lQ261, arnongyi comp8raty• HEI 5 In Ihe UK 452 out 01471 c¢uisés n4d student repre5•n18tion ID thly acadernlc yeii., oxce¢ding th# larg¥l of 95% The Voice i•am illd tho Sabb81lC offlc•rs #re In Ihe process Of d•iipning piogrimm96 wotttsThops lo d•fv•i actQS8 Ih• nèil aca¢grn1¢ y••r lo ensuio Ib13 KPI 15 ffjpl Thls KPI aims lo bo gchievvtl by tho Ind of the 2027128 acgdomlt yoai, Iniiefor¢ lh• SU 15 OD Iiack lo meol thls KPI rhfj i•sullS Irom 111OVle• gUIV8y viere frn3iised In a4 lh• Q4¥• of Sliidenls ac¢e55lno SU advice rep¢rf ¥aliio¢ Iho support f•CRiVe Fiom lh• $14M ol Ih• icbd•ml¢ ylw thor• ha9 boen a rlse 0118% In ltsllowgfs at¥Og9 Insioorgm, TikTok and LJnk•dln compbred ID •nd of 202Y24 levels Thls KPI will be athl?¥ed eaily Inlo noyl acad￿￿¢ vegr 4n¢J wlll bo ro- e¥3iu8ied In Q4 th¥ 9maii open ra18 perc8nl4ge r.ame In ai 4e%, bilnqkng Ihe ifNLSII open r¥Jlg lor Ihe a¢a¢eMlc year lo 48 Suivgy wa￿￿ rffi•i$&d ￿ a2 8nd1tt 03 98% ol tho SU glarr t•am r.omplo1 In£ 9UIVé E l Achleve 81 *81177.5% sludénl •ngaoernenl wilh Iho Sliidonts, UfiioA 775% 832% eve opr•s•nlali¥? 4nqagornonl iuoss 411 ¢emo hic ioups *l- S% +1. S% +1. 5% 81 A¢ThlOV• iep 3 èmono$i cNfipirAtylo HEI9 INS8 Q261 Top3 Top3 (2nd) Vl Ma nlain tr¢n9 lud•n Voice Ihiou9Th on¥uring 95% 01 C0111549 hav• sludgnl rwifr$onlallon SV2 500 Slud*nls pirUciyl• L&8derJhlp. Adv¢Kocy or Profw9119n•l Skllls work5h¢ys er•d by VWLSU •ach ye4r 9$% 96% soo 354 CB1 20% of1110 91ud•nt populiiion org parf gf a studont group. spttrt$ C￿bY oi soci•ty 97% A01" 90% of sliJd•nls occ?ssing SU Advice report th¥1 Ihey v8lued th• suowrt r&c8wo¢ 90% 94 C1 2Q% Incr￿80 In •no•g#mgnl on UWLSU ¢*nline and Social m0di• plgllorms Iroffj 2023124 vels 20% 18 C2 Mainlaln 45%• r91• on IJWLSU ernalls 45% 4886 CS1 Malnlain go% slaff ongagfrmpnl in NUS Slair en emonl surv 90% 98 Page 3 WEST LONDON STUDENTS. UNION IA Company knmltsd by Guarantee) TRUSTEES. REPORT ICONTINUEDI Forthe Ye•r Ended 31 July 2025 Achi•v•m•nts and perfomiance {contlnugdl C82." 90% ofskndent siair an¢J volunteers Tepod Ihat UWLSU su rts wèubèin al work CS3." olsttjdent slaff and voluntoers report Ihat W￿￿ng the SLI has enhan￿1 Ihejr cwffidence and sS]"Is lof futur• aers 91 91.2% olstudenl staff ieport8d thatthB SU $urwts thdF wembeino at 100% ot respondents ieported thal workmg wilh Ihe SU enhanced Ihek confithnc• s￿￿9 for fijlurè co18grB. loo% CM1.' Flewt CrADmerdal Report Profrt Profrt Rep￿Ie Commeru81 Servicos ieported a piofft In this fmanaal year. The Catering e mosl rolmable 91* 01 reSp￿defits oave pothe leedbad( on C(mimeraal ouU8ts (hovm¥i indud8d the Sports Contrè *ol. The t88rn will Inwtern8Dt a clear and Inslohthjl way lor cu910rne￿ lo188ve t8edbNd( tsthe nexl academic I lfttefnal audLry ￿1& compietsd 04 And have been frirfn starf of Ihe academic Commerdal thelf annual foo Safety thspectlon 8nd wete awaidéd S. stw rnttno Next Ye￿ the toam ens￿re to uphohy these hwjh stanlard5 an¢J dthigve lh8 same resull staff cost ratlo conlanuéd lo reman at SO%￿￿91￿04 UWLSU athleved a elean extemal autht in Q2 wlth no m*or recomrnendauons. Athtthr | No d83r measure glf CM2" 9)% of cuslomws rat8 8WVte a5 VWY Good or oxcelent ca sttes. CM3" 100% ol MI￿61 audlls ccffi[￿t• 100% IOL Achlgv A¢hl8v QB1'. Fo￿th Safety Ralkng F1.. Staff Cc6ts r*0 of5¢J% or 50 50% Athlw F2. A(hi8ve a defin exlornal autht Acnièv clean Audtt F3.. 3 monlhs ofoper&ng ewenses rnaiTrts￿ed as rosoThe lfrvgls mrKblhs ieyeNe Ath 3 monlhs of operatkng èxpen369 have bean maintslned as reseThe leve*. monb)5 rosorvos Page 4 WEST LONDON STUDENTS. UNION IA Company Llmitsd by Guarnnteel TRUSTEES. REPORT ICONTINUEDI Forthe Ye•r End•d 31 July 2025 Flnanc• and rejerve . Going concem After making appropriate enquiiies, the Trustees have considared the fvbjre plans for the Charity and it is deemed Ihat th8 Charity can rn8et its commitments and liabilibes and can continue for the fore8eeable future. AcLordingly, they continue to adopt the going concem b8sis in preparing the finanaal statements. Further detail$ regarding the adwlon ofthe going concem basis can bo found in the e￿O￿n￿￿9 pdicAes. The Tnjstee BoBr(I confimis that the Union has suffidenl lund5 to meet all it8 obllgth'ons. The Unlon's Grant for 2025r26 has been confimied al £1,802,880 block grant, £522,3010l special prolectg incorne arKI £819,858 for the seNked premises. The Unlon's activities for 2025r26 ar• •xpected to generate a SUTpIus. b. Flnanclal revlew Thtr Union'B gross Incam¢ was £4.056,24712024.' £4,058,912} durlng the year. This Induded an annu81 b1￿k grant from the UniVer￿tY of £1.802,66012024.'£1,802,8601, 8 Special projects grant frorn the university of £522,30112024..E522,301 I, an eslirn?led value ol the Bpace gr8nted and other 3ervi¢es provided by them of £819,95812024.. £819,958), and income from income generating activitles, Including Snvestmenl in¢om• and other hcome, lotslllng £811.22312024.. £751,259). The total expenditure of £4.019,47412024.. £3,935,583} was 8ponl on student farAng sèNice8 and income neraling activ￿e8, leaving US with 8 surplus of £36.77312024.' £123.3291 for the ￿ar. Thls haB incr¢¥$8d our reseNes to £1.044.14612024'. £1,007.3731. The Union's e¥peFKllure induded affili8fjon fees to the Na￿L￿oI UnK*n of Student8 lotalling £45.LW)0 (2024.. £42,800) for the year. FLtrther, the Union wlll 8ngage in monlhty financ5al planning and dètailed reforecasting ex•ra8e8 Sndudlng 1dents￿'ng potenti81 risks and opportunitie8 relating to income and costs of activI￿e8. Finally. ihe UnSon continues to maintain a gtrong reserves position, no long tern debts, 8nd wlll monltor ¢ash flv weekly and monthly basis to en8ure Ilquldity. There is no Fn8lerig1 uncertainty and tho Union have the r•8ources to ￿ntInue in oper8tion for the fores•eable lulure hence th¢ accounts have been prepared on 8 golng eoncam basis. The Unlon rnakes no use of professional fijndralsers. has not entered into any Iioluntsry ¢od*$ of conduct regardln9 fundr815ing actlvities, and h88 received no eompl8lnts regarding ils fundraising adivities during th• year. Thè Union makes use ol ils existing safegu8rdlng practice8 and policies when raislng funds. c. Reu•Thi•8 pollcy The Trustee8 have d&temiined lo maintgln an average ol the Union's three months, operating exp•nse8 as a minimum reseNtr l¢vel to ensure there are SLrficienl re3erv¢$ to cover unexpected eventualities and to resource planned capital expenditure. Bastrd on the 2024125 operatlng expenses, this wuates to £434,090, 8nd at 31 July 2025 this re6erves policy was being met. The lolal reserves (the Charitls fund$l on 31 July 2025 gtood al £1,044,14612024.. £1,007.3731, wh•ré £511.80712024.. £310.2151 are repre8enled by fixed as68ls and the rest by net CU￿ent assets. The Union haB free r8sèrves of £432,33912024'. £597,156) al th• balance sheet date. Page 5 WEST LONDON STUDENTS. UNION IA Company Limlt•d by Guarantee) TRUSTEES. REPORT ICONTINUEDI For the Year Ended 31 July 2025 Structuro, governanc• and man8gem•nt . Con8tltutton W85t London Students, Union is a chArfl8ble company lirnlled by guarantee, Incorporate(1 on 26 July 2012, and reglslere(l as a charity on 16 August 2012, Charity number 1148594. The cunpany was establshed under a Mernorandum ofA6soaabon vthlth established the i)bjects and powers of Ihe chantable wnppny and 13 governed under its Artj'des of Assorialion. In the event of the company being wound up member5 are ra9uired lo contribute an amounl not èxcgethng £1. The Union is devoted lo prornollng Ihe 8dL￿t￿on, interests 8nd welfare of Members {5tudenls at the UnNeTSrty of West London). 11 is the recognised independent rewe88nlalivo body of students at the University. b. M•thod• of appolntrn•nt or •l•¢tlon of Tru•ts•• The directors of the cx>rnpBny are also chanty trustè•8 for th• purw8e6 of tharity law. The Students, Unl elects the Offleer ISabb8llcall Trusteeg and the Student Tw$lees whilst the Extem81 TTUStees are appc¥nled by the Trustee Board. c. Pollclm adopted lor th• Induct5on •nd tralnlng ol Tru•tee• The Union aim8 to hgve a high perforniing Board and views inductSon and Irgining 88 central lo that. All new TruBtees receive an indudion to the Vnlon whith is delivered by Union $t8ff, •nd an induction to trusteeship. Key information is prowdad to Tru$t¢•$ %knith IndudeB occounts. lh• straleglc ￿8￿, and an ¢Xg8nlsa￿cffl8I diagram. Trustee kn￿￿*d9* and skills are evaluated Bl regular inleThals and tr8lning 18 designed around Ihe specific needs of Individual8 8ntJ the Board 83 8 whole. Through our memb8rship of the National Union of Studen16. TruBtees have ace¢$s lo expert advlce and guidance, confer&nces, and ir8lnlng. d. P•y polScy for k•y m•nagMn•nt p•r•onnol The Artide8 of Asioaatlon mako dear the clrcum6tance8 under whl¢h Tw¥lee8 can be p8ld. Thls 18 lirnited lo the payrnent of reasonable ¢xp¢nse8 and the rernuneratson ol Sabballcal Trustees who are remunerated under controcts of employment wlth the Unbon. The Trustee 8oard set p8y leve13 for Sabbatical Trustees and when dosng so pay diligent 8ttentson to conflict of interest rules. This means that Sabbatical Trustees ar8 not able to vote on any resolution related lo their rernuneralion. Pay le¥?18 for Sabbats'cal Trustees aim lo cover reasonable living cosls lor the duration of their time in the role. Three key ben¢hmarks are Used to infomi (he deaGion whl are al othei LDndoTr SabbBlical Trustee pay lev•l8, bl th¢ ¢osl ol living in London. and cl the 8vergg¢ grgdu¥le salary of a Univ•rslly ol West London student. Pgy senior staff aim8 to be fair. competits've. and Bffowdable for the UnM)n. To ensure thot p8y is s•t fairty, transparently, and that il is set in direct relalion to thé nèÈd8 olthe organisa￿on, the Union adopts a Job Evalu8tion Scheme Policy and prO￿S5. Senior st8ff role5 are evaluated by an independtsntty tr8in¢d panel based on the job descript+on and the person specffic8Uon. The TruBlees set pay levels and evalu81ion ￿terIa on an nnu81 basis. P898 6 WEST LONOOM STUDENT8. UNION IA Company Limlt8d by Guarantee) TRUSTEES. REPORT ICONTINUEDI For the Yoar Endèd 31 July 2025 Strueture, govem•nc• and managvmqnt Icontinuedl •. Organi8atlon 8tru¢ture and decl$lon maklng The Union is democrallcally controlled by it5 members through the annual dection of g team of sludenl and appointrnenl of no￿student representatives who tog8th&r femi the Unlon's Trustee Board. Tho rnarnbership of the Trustee Board is a8 follows and all are elected In accordan¢• wth the Articl8$: Not more than three Officer Trustees I'sabbaucal Trustees") Not more than Sludenl Trustees Not more than Extemol TfUStee3 Not more than one A￿M￿l Extem81 Tru8tee The Board of Tnjsleès are respon8ibla for the managernenl and admlnistratltsn of the Union Induding the govemance and strategy ol the Union and tht overall leg81, fin•ncial. and staffing regponsibililies of the Union. The TIuBl8e 808rd delegate8 the da￿l¢-￿aY rnan8gemenl ofth6 Students, Union lo the Chief EX•￿tiVe. The Chief Executive manages the Unlon by Implamenting the pdiues and strategy Adopted wmhin 8 budget aFprmd by the Trustees. Officer Tru8lee8 Up to three Officer Truslee6 are electèd by secret ballot by the members of the Union at an elèctlon held in accordance wrth the Byelows. The post th¢ Officer Tru81e$s are elected to arv also Sel out in the 8y8laws. The Officer Tru6lees remain in office IOT a lem of one year •n¢J may be T￿lected for a maximum further temi of one yaar by the Members DI the Union but far thé avoidance of doubt, an Offi￿[ Trustee's terms of offlc6 may be either con8ecullvÉ or non-consecutive and Ihe m8xlrnum total tem Ihal can be served as an Offi¢er Trustee is nty four months. Each Officer Trustee must be a Student or an Officer Trustee at the tlme of hls or her elBCtion. An Officer Trustee becornes 8 Member ol the Union on commencement of his or her appointment or re- Appolntrnenl 88 an Officer Trustee. Su¢h mambership co8￿$ when they ce¥s• to be an Officar TN8tee. There Is one Offi¢er Trustee who Is Tequlrad to be a member of the University Board of Govemors. Student Tru51ee8 Up to Sludenl Trustees are appolnled by adverti8ing po¥ttlon$ and 8 sub-committee ol Trustèè 8oard Intervlews and recommends oppointrnenl. Th& Student Trustees remain in office lor a term of two y?8rs but may ba shorter to rrt in with tem) times and st¥tVend dates of students, courses. A Studenl Trustee is entilled to serve maximum temi of consecutive year8. Eg¢h Sludent Twsteè must be a student 8t the time of hi$ or her eledlon and must remain a student throughout the duralion of Ih¢ir temi in office. Exttrm81 Trustees and Alumnl Trustee Up to two Extemal Trustees and one Alurnni Trusiee shal be appolnted by the TTU$t¢o Board. Ex¢ern81 Trustees and Alumni Trustees remain In office for a term of up to four year5 fA)mmencing from the date of their appoirrtment. Extérnal Tru8tee5 and Alumni Tru¥lees may serve for 8 maximurn of two tomis which may arther be conseojts've or DOn-￿￿8*CUtIVe. Poli Makin Policy can be set by the leadership team, and by the Trusiees, Mlh a Referenduffl. 8t an Annual Membws Meetlng or at a General Mèets'ng. Page 7 WEST LONDON STUDENTS. UNION IA Company Llmlièd by Guarnntsel TRUSTEES. REPORT ICONTINUEOI For th6 Y••r Ended 31 July 2025 Structure, gov•rnanc• and managom•nt Icontlnu•dl The Officer TTuslees work alongslde the permanent Union staff to Implement and carry out the strategy and poliaes sel by the Trustee Board. The pemianent staff team is man8g8d by the Chief Executive, who is directly accountable to the Trustee Board, through the President, lor the Union's performance. The Chief Executiv¢ works cjosely with th• Offlcer TwBtee8 lo advise Ihem in wlauon lo pdicy, strategy, gnd budget. Staff Structure The Chief Execulfve and OepLty Chief ExecLrtlve together head Ihe staff team. Therè are thme directorate under them.. Oper8tions', Membership., Central se￿CeS. The Senior managers oversee each DirectorBle. Wtthin each Directorate are a 8eries of Departments that are èach man8ged by a managvjr or diredty by a senior m8nager. The overview ofthe staff strudure l¥.. Hoad of Mernber8hip Representation & Advocacy Advlce & Wellt*ing Partner8hlp Head of Comrnerd81 Op•ration8 Commèrcial Communlty & Selonglng Sports Centre Communicailons & MBrketin9 Deputy CEO Finan¢a Compliance & Governance HR f. R•l•t•d party r•lation•hl Th8 Unlver¥ity of West London is the pawnl institution of the UnMJn. The Union réetived 8 revenue bloL* grant from the Universlty of West London of £1.802.86012024.. £1.802,86018nd a grant for 8p¢¢I81 projects of £522,30112024.. £522,301) in 2024125. In addition to this, the University provided £819,95812024'. £819.9581 for yerviced accornmodation. The UnNersty of West London is the main lun¢Jer ol the Sluden15' Union and provides the Union with a block grant thch is agreed on an annu81 basis. Th¢ Students, Union fun¢Js around 20Y.12024.' around 18 /¢) of annu81 actiwty from inGome generating Se￿ICeS induding events, media Sales, sponsorship, bar, 8 CL)ffee Bhop, and a sport8 cenlre. g. Rl8k mAnag•m•nt Tho Trust¢¢ board has overall responsibility for the Union's risk management. Th8 Trust•8 Bo8rd 8pproveB the organis81ion's Risk Regisler and Compliance M8n8gemenl Plans. The Senior Management team designs the Compliance Managemenl Plan wilh all operational le8ms on an annual basls., and designs specific project5 risk rn8n8gement tools through project plannin9 processe¥. Key risks for the orgafilsation wriendy are the financial h￿a￿h of the university sector and the cost ol1Svlng CriBiS affecting students- both these risks are thoroughly and strategically outlined in cornpliance document$, the risk register. and actionèd 8lon95idè thè LJnivèr5ty to best support students and ensure the fin8no81 health of the organisation. The Trustees oversee the actions and key projocts that the Unton delivers., and engage with senior universily staff on an annual basi5 to understand the sedor thallenges and actions from govemment to overcome this. The Trustees cq)nfirm that Byslems have been established to enable regular reporttng vthith allowg them to take the necessary steps lo mitigate any risks. Page 8 WEST LONOON STUDENTS. UNION {A Company Limltsd by Gu•r•nt••l TRUSTEES. REPORT ICONTINUEDI For th• Year Ended 31 Juty 2025 Plan• for fuiur• periods 2024-2028 Strategy and Business Plan Mission ststèment To delNeT an inclusive and tran5fcffiiational student experien¢e that equips students with skllls, nets￿rkS and confidence to delemiine th￿r future8 and fulfil their Ilfe goal5. Our behaviours AN& alm io remov? barrl¢r3 that can prevent èng8gement or p8rti¢ipation in U￿Su octrvity We consider the irnplic8tion8 of our wod¢ on the drffering groups we work with We seek out dVf•r¢nl ideas and perspectlv8s from our diverse range of Stakeholdern Infom7ed We listen to members and stskeholders lo understand how to be$1 deliver vknat matt•rs to them We share our knowledge and learn from others to continually improve our wo We evidence our work U￿ng r88ear¢h. lègislation. and b85t prBctice to maximi8e our impact Coll8borntw8 W8 build strong r8lation$hip vthhln our leern8, And wllh members, UWL stsff, hlgher education sector and communrty p8rtn•rs We resped the vI￿S ol olher8 and r¥•wcrfuUy addres8 beha￿OUrS that confllGI wth our values We take responslbility lor our own actions ond 8h8re our Buc¢e6$ with otherB Commilted We operate trans￿rentlY and are acc4unlAble to our m8mb•rs We represent all students equally and act in their best interests We are reliable, honest and 8thlcal, and treat people fairfy ond •quitobly Empowering W• lead through ex￿lIanCe 8nd Produc• quallty We present evidence and gather feedb8e We are highly perfom)Ing, highly engaged and cKJll8borativè Wè value and invest in ￿0M1ng IM￿yO￿ve W¢ try new things and leAm from our ffl18take8 We 8re innovatr've and cre8tlv• in the design and dellvery of ourwork We ar¥ not 8fr8id lo move rnto spa￿3 not traditionalty asgoa8ted wlh & students. union Page 9 WEST LONDON STUDENTS. UNION IA Company Limltsd by Guarante¢l TRUSTEES. REPORT ICONTINUEDI For the Year Ended 31 July 202S Plan• lor futurn pertod• Icontinuedl Our objectiv85 and aBsooated KPIS for 202&2026 arè 88 follow8.. Key PerfonnaThce IndlcatL Target El". A(IMeva at kn181% gludenl wgaoernenl wrylh Ihe Sbtttoffits. Unknn 81% E2." Ath*ve Reprnsenialw& on0￿em￿nI acr098 all demoryaphtc groups +1. 5% +1- 5% 91. A(thevo top 3 a￿￿￿51 comw8tA8 HEJS INSS Q261 SV1 Slrong Slud8nl VOTh thmuoh ansu￿￿j 95% of Cow595 havB sts¢lenl repr￿Enth"r SV2 500 studenly partk)pale kn L8adew5hip, Athttacy or Prof85s*fflal Shil wortshops ty UWLSV eath year C81. 14% of Ihe glu¢Jent pC%xmab"￿ are wt of a stsdenl grwp, 8POrts cbjbs or Top3 95% 500 14% AOI". 9(￿ 01s￿denIS acc88sma SU r8P(rft Ihat they y￿Ue¢j the supwrt rffeNed C1". 20% inuease In engagoment on LfWiSU onknè 9éc5Jl rne(14 pIaffo￿5 from 2023r24 levg 20% C2." Malntth 45% rat• on UWLSU mlls 45% Csl. M8intsin 50% 51aff eThJagemenl vi NUS Staff engaggmeTrt suNéy CS2. ol S￿dent staff am VOhJnteer5 roport Ihat UWLSU supports Ihèk welbekng 90% CS3." olslud8nl staff ¥O￿nt￿er5 18POrt Ihal wlth tho SU has onhancod I1￿r cr, 8n¢J to 188ue an Auditors, Report that indudes our opinion. Reasonable assurance 18 a high level of assurance, but Is not a guarantee that an audit c￿duct￿d in acrArdance with ISA$ IUKI will ah¥ays detecl a materi81 misslBlemenl when it exists. Misstalemenls ¢8n ari8e from fraud or èrror and 8re con6idere(I malerial if, Individually or in the aggregate, they COLld reasonably be expected lo influence the economic decABions of users taken on the basis ol these financial statements. IrWula￿Ies, Induding fraud, arè instanc•$ of non•compliancE wAh laws and reg￿atIonS. We design procaduigs in line wth our fesponsibiliti88, Outllned above, to detect material mi8918lements in respect of irregularities, including fraud. The 8Xt•nt to whi¢h our procedures are capable ol detecting irregularitie8. induding fraud 1$ dèlalled below. 8ased on our under8t8ndlng of the company and indu81ry, we identifiad that Ihe prlncipal rfsks of non-compll8nce th law5 and regul8llons related lo Industry 8ector regulation9 and unalhical and prohibite(J busines$ pr8ctice5. nd we considered the extent lo whith noncomplignce mighl havo a material effect on the finandal slatemenls. We also consIde￿ th088 laws and regulations thot have a direct Impact on the preparation of the fin8ncial 318lement6 Such as Ihè Comp8nie6 A￿ 20C6, Charities Act 2011, Charity Commlssion and sedor r8gu18tlon$, and UK Tax Legislation. We evaluated m8nagement's ineenlivey and opporiunities lor fraudulenl mpnipulalion of the financial stAtam*nls linduding the risk of override of conlrdsl. Appropriate audlt procedur88 In wsponue to these risks were eath¢d out. These procedures included.. 018cv$8ions w5th management, In¢ludinB conBlderation of kni)wn or su8POCted in81ances of non-complignce with laws and regulats'on and froud., Reading minute8 of meeting8 of Ihose charged with govBman¢e', Obtaining and reading correspondencx from legal and regulatory k>)dlès Induding HMRC., Id¢n1i￿'ng and testing joumal entries,. and Challenging 8$$umpliDn8 and judgernenls mad• by Ma￿9•￿ent in Ihelr SIgn￿Cant accounllng estimates. We also ¢omrnunicated relevant identified laws and règul8tlons and potential fraud rfBks lo all engagernent team members.. and rem8lned alert to any indication5 01 IrBud or non-cornpliance wlh laws and regulabons throughoLrt Ihe 8udit. Thèr8 are Inherent limitab'ons in the 8udll procedures desuibed above and the lurther rernoved non-compliance th laws and regulations is from thè events and transactions reflected In thè finanaal slalements. the less likely we would become aware of it. Also, the risk of not detecting a materi81 rnisslatemenl due lo fraud is higher thyn the ri8k ol not delecting one re8Urting from error, as fraud may involva dèllberate conc£8lment by, for example. forgery or intentionol misrepresent8tions, or through colluslon. A furthei desc￿ptKIn of our responsibilities for th& audit of the finanaal statemgnls IB Ioc8led on the Financial Reports'ng Counol's website at.. fr or5res onsibilitie& This de5CriPtK)n fonns part of our Auditors, ReFX)rt. Poge 14 WEST LONDON STUDENTS. UNION IA Company Llmlted by Guarantoe) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WEST LONDON STUDENTS. UNION ICONTINUEDI U•• of our report This rapDrt is made solely to the eharitat4e r￿panIS tsustee8, a8 a body, In Accordance wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken $0 that we might state to the charlt8ble company's tnjstees those m8tter3 we Are required to stale to them in an Audltor$' Report and for no other purpose. To the lullest extent permrtted by law, we do not accept or assume re8ponsibiliiy to anyone other th8n the charitable compBny ond lis member8, as a body, lor our audrt work, for th18 report, or for the opinions we have fomied. Goodrn*n Jone• LLP Chartered Accountants Statutory Audrtors 1 st Floor Arthur StAnl•y House 40-50 Tottenham Str•at London W1T4RN 19-12-25 Goodman Jones LLP are eligibk lo acl gs •uditor3 in terms of 88thon 1212 of th8 Companle3 Act 2008. Page 15 WEST LONDON STUDENTS UNION IA Company Llmitsd by Guarnnteel STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI For the Year Ended 31 July 2026 Unre•trict•d funds 2025 D•*lgnated lunds 2025 Total funds 202S Total funds 2024 Note Incom? from: Donab'c4)s and legBrie8 Chariiatle 8Ctivilies Olher tradlng advtties Investm•nts 3,24S.024 795.S83 3,245,024 795,583 11,400 3,307,653 733, 776 16,498 985 Total Incom• •nd endowm•nts £056,247 4,056,247 4,958,912 Exp•ndltur• on: Charltat4• •￿￿e5 3,974.108 45.366 4,019,474 3,935,$83 Tot&1 •xpendlturn 3,974.108 45,366 4,019,474 3,935,583 N•t Incomellexpondlturel Transfers b¥￿een funds 82,139 1246,9081 145.366} 246.958 36,773 123,329 18 ht•t movem•nt In fund• 1164,8191 201,592 36,773 123,329 Reconclllatlon of fund•: Total lunds brought forward Net mov•ment In fund¥ 897,158 1164,8191 410.215 201.592 1,007,373 36,773 884,044 123.329 Tot41 lundi ¢*rrlod forward 432,339 611.807 1,044,146. I.Q07,3T3 The Statem•nt of Fln8n¢S8l Activities indudes all gains and10s$g$ rvcogni8ed in the year. The not•8 on pag•s 20 Ic 37 lo￿n part of theso finana81 stslemnts. Page 16 WEST LONDON STUDENTS. UNIOM IA Company Lirnitrd by Guarantee) R•gisteYed numb•r: 08158543 BALINCE SHEET Aa at 31 Juty 2026 2025 2024 Fixed I¥￿t* Tanglble assets 13 511,B07 310,215 511,807 310,215 Curr•nt ￿••t* sto¢kA D&btCl8 Cash at bank and In hand 14 15 13,8BO 363.116 558,962 14,641 635,043 3g8, 146 935,958 1,047.830 Current Ilabllbll Creditors.. amounts faling due wlthln one y•ar 16 1403,6191 (350,672) Not current •*g•t• S32,339 697, 158 Totsl •M•t• IM• curr•nt Ilabllltle• 1,044,148 1,007,373 Tot•1 net ••••t• 1,044,146 1,007,373 Charlty lund8 Design8led funds Unrestrlcted fund8 18 18 611.807 432,339 410,215 597, 158 Tol•l funds 1.044,146 1,007.373 The entity was enlrfed to exemption from audit under section 477 ofthe Companies A¢t 2008. The mémbers have not requlr¢d Ihe entity lo obloln 8n audit for the In quesllon In ac¢ordgnce with sectlon 476 ofthe Companies Acl 20C6. However, ¥n audit is required in accordance with sedN)n 144 of the Charltl88 Act 2011. The TruBlg9$ 8c*nc¥Medge Ih$ir r#8ponsibililies for ￿mpl￿ng wlh the requlrements of the Aet wlth reBpect lo accounting records and PTep8r8tlon of flnanaal 8t3tem8nts. The financaal statements have been prepared in B￿rdance wth the prowf8ions gPFAicatAe lo gnlllies subject to the small companies ￿gIMe. The finandal statementB werè 8pproved and auihorised for issue by the Tnjstees and signed on their behalf by., P8ge17 WEST LONDON STUDENTS, UNION {A Cornpany Llmltod by Guarantsol BALANCE SHE￿ ICONTINUEDI As at 31 July 2025 Na ira Shr•8tiia President Dale. aSliaia5 Th& note8 on p3g¢8 20 to 37 form p8rt of the88 flnandal stalementB. Page 18 WEST LONDON STUDENT5. UNION IA Ct%npany Llmltsd by Guarantee) STATEMENT OF CASH FLOWS For tht Year Ended 31 Juty 2025 2025 2024 C••h flows frnm oper￿1￿9 activltle• Net Cash used in operalbng gctiwtl88 407,773 317,321 Cash flow• from Invmtino ocUvhl Purcha8e oltangible fixed assets 1246,9571 (168,3841 Not ca•h u••d In Invmtlng •¢llvltl 1246.9571 1168,384) Ch&ng• In ca•h •nd c••h equival•nt• In th• year C¥Jh 8nd cash eQU￿alents at Iho begtnning of thè yoar 180,818 398,146 148,937 249,209 C••h and ca•h •qul¥al•nt• at the of th• year 558,982 398, 146 Th8 noteB on page$ 2010 37 fonTT Part of the￿ finand81 stgtem8nt8 Pg3e 19 WEST LONDON STUDENTS. UNION IA C¢)mpany Limltsd by Guarants•l MOTES TO THE FINANCIAL STATEMENTS For th• Y•ar End•d 31 Juty 2025 General Informatlon West London Students, Union Is a ¢h8dtsble company registered in England and Wales. The registered office is West London Students, Unlon. St Matys Road, London, W5 5RF. The objects of the Charity ore ststed in the TNstees' Report. A¢¢ountlng policle• 11 Ba•1• of preparatlon of flnon¢l•l ¥t•tw￿¢h11 The finanaal st8tèm•nts have been prepared in accordance ￿th the chw511￿ SORP IFRS 1021- Accounilng and Rèporting by Charities.. Statement of Recommended PraLaice applicable to tharities preparing th￿r a¢¢ounls in arxordance with the Finanaal Reporting Standard appllcable In the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191, the Flnandal Reporting Standard applicablg in the UK and Republic of Ireland IFRS 1021 alld tho Companies Aci 2006. West LC￿dOn Sl￿dents, Unlon meet8 the definltlon of A publ1¢ bonefil enlity under FRS 102. Assets and liabilities arè Inltialty recogni8ed at historical cost or transaction value unle85 Othe￿ISe stated In the relevgnl aceounllng pollcy. These flnon¢l818latemenls are pre8ented in $lerfing. Ihtr fvnctional ￿rrencY of the Charity. and rounded lo th¢ neaTe81 £. 2.2 CLNnpany •tstu• The Charity Is • company lirnited by guarantee. In the event ol the Ch8ri1y being wound up, the 8bllity in f•SF4Ct of Ihe guarantee 16 limited to £1 mernber of the Charty. 2.3 Golng concgrn After rn8knng 8ppropdate enquirles, +nchJding 8$$esslng ongoing 5VPPOrt from the Unlverslty, the Trustees have a reasonable expectation that the Charity has adequate resource& to continue in operational exlstence for the foreseeable luture. The Tru8lees have considered that the Charity CAn meet +t$ commilrnenls and liabilities 8nd ¢8n continue for the foreseeoble fvture. Accordlngly, they ¢ontlnue to adopt the going concern b881s In prtrparfng the financial Btatemenls. 2.4 Fund 4c¢ountlng General funds are unrestdcted fund8 whith are avallable lor use at the dlsuefjon of the Tru8lees in fvrtherance of the general objecbv¥3 of the Charity and which have not been d•81gnated for other purpo8e8. Designatsd fund8 comprise unrestricted lund¥ that have been set asid• by th• Trusletrs for partiCAJlar purposes. The alm and of eath desi￿ated fund is 8et wl In th¢ notes lo the finanaal stslements. Page 20 WEST LONDON STUDENTS. UNION IA Cornpany Llmited by Guar¥nts•l NOTES TO THE FINANCIAL STATEMENTS For the Y￿r Ended 31 Juty 2025 Accounttng pollclo8 leontlnu•dl All inwme 18 ￿COgnised once th8 Charity has entitlement to the income. it is probable that Ihe income will be received and the amount of income receivable can be meBsured rdiably. Voluntary income Indudes grants and donations and is recogniBed in fvll on the baBls of entlllement. Gr8nl income is recognised once the above crlteri8 have been met, togèther %wth any perfomiance condthons ottathed to Ihe gtanl. Grant incolne received is deferred only %%*en th8 Chanty has yet to fulfil the performance condth"ons. Subvention Income represent the block grant received from the University of West London IUWLI Sn resped of thè c￿rrespOndIng acad*mlc year. In¢omè from chglitable ad1v1t￿$ indudeB provldlng goods 8nd servlces to members. Th¢ income IB Tecognlsed in full on the b8518 of ¢nlMemenl and its $lated after discount and VAT where app11¢9ble. Income from fundrai8ing Indude$ hire ol farilillos. marketing and sponsorship. The income 18 iecognlsed on the accruals basis. Donal•d services or facillU￿ ar8 recognised vthèn the Charity has cmtrol over the Itam, any condrtions assoaated with the donated item have been mel. the receipt of economic benefit Irom the U88 of Ihe Chafily ol Ihe item 1$ probable and that economic benefit con be measured reliably. In ¢¢ordance wlh the Ch8riti85 SORP IFRS 102}, gèneral volunleerllm• is not recogn18ed. On rec•lpt. donated profe$$iwal 8erviceB and faclllties are recogni¥ed on the ba818 of lh• vfjlue of the gift lo the Chartty whl¢h 1$ the amount 11 w0￿d h8ve been willing lo pgy io obtain ￿1ViceS or fBcaliti¢6 of equlvalenl economic benefit on the open market,. a cOrrespL￿thng amount 18 then recognS$ed in 8xpenditUTe In the pariod of recelpt, Income t8x recoverable In rel8thon to investrnenl Income Is recognlsed at Ihe time the investment incom& 18 r•cdvable. Other Incom& is recognised in the period In vthith It 1$ fac￿Vable and lo the extent the g¢od$ havo been provided or on cornplellon of the service. 2.8 Int?r••t rgcolvable Interest on funds held on depos11 1$ Induded when rec8ivable and th• amount can be m￿sUMd reliably by the ChBrity', this is n(xrn8lly upon nolificali¢n of Ihe interest pBid or payable by the institution wllh whom the fund8 are deposrt¢d. 2.7 Expenditure Expenditure 18 recognlsed once Ihere 1$ ¥ legal or constructive obligatson lo Ir8n8fer economic benefit tD a third paty, it is probable Ihal B Ir8n5fer of economic ben8ffts will be required in settlemenl and the arnount of the obligation can be measured re￿.ably. Expondrtuie is dassified by activity. The costs of eath activrty are made up of the total ot direct cost8 and shared costs, Including support Costs involved in undertaking eath actiwty. DirÈct costs attributable to a single activty are allocated dire(* to that actmty. 5hare(l Costs whith contribute to more than one activty and support costs which are not attributsble lo 8 single actiwty are apportioned befvRen those 8ciivilies on 8 basis con¥stenl with Ihe use of resgur(x5. Central staff c0515 are allocated on thè basis of time spent, gnd depreciation tharges allocated on the ports'on of the 88set's use. Page 21 WEST LONOOM STUDENTS, UNION IA Company Llmlt•d by Guarantso) NOTES TO THE FINANCIAL STATEMENTS For th• Year Ended 31 July 2025 ACCOUn￿n9 pollcle8 Icontlnu•dl 2.7 Exp•ndltur• Icontlnuedl Expenditure on charitable actiwties is in¢uff¢d ¢Jn directty undertaking the aC￿¥4￿.8S whith fijrther the Charitys objedves, 88 well as gny 8$8octhd support costs. 2.8 Tanglble flxed 088ets and d•preclatlon Tangible ffixed a￿ets costing £500 or more are cgpitalised. A review lor imp8lm&nl of a fixed aBset is carried out If •v?nts or thang88 in rircurnstances indicate that the Ca￿ng v81u8 of any fixed 8Sset may not be rery)v?rsble. Shortfalls be￿en the carw'ng value of fiKed assèts ond their recLJverat4e amounts ar8 recogni6ed as Impairments. Impalmient )$8es are recoqni8ed In the Slatement of ffin8n¢lal 8thvrtle8 incorpofaling income and.axp•ndllur• a¢counl. T8nglbl• fix•d 88s818 a￿ carrbed at C08t, net of deyedallon Bnd any provlslon for impalmient. Depraclatlonlg provided on the fc41owng b8$es', Freehold property FIKture8 and fittlng8 Office equipment Cornputer equlprnent SO year8 on ¢081 on c081 25¢A Dn ¢osl - 25% on cost 2.9 Op•ratlng le••e• R¢nlal$ under operathng leases are charged to Ihe Statement of Finandal Actlvltias IncorpOr￿n9 income and expendlture account on 8 8traight Ilne ba￿8 over the lease term. Beneffl8 reeeived and receivable as gn incanllve to 8ign an op•r8ling laa￿ ar• recogni3ed on 81raighl line basis over the period until tho dale the rent Is expected to be adlu8led to the prevalllng market rDte. 2.10 Stock• Stocks are valued at the lower of CO￿ and net realSsable valu& after m8klng thje allowancE for obsolete ond slow.moving stocks. Cost Indudes all direLt costs and pn ¥ppropriale proportion of fMed and varloble ovarhegds. 2.110obtorn Trade otvj other debtor$ Bre recognised at the Settlement amount after any trade discount off8red. Prepayments are vplued at the arnounl prepa￿ nat of anytrade di3counts due. 2.12 Cagh at bank and Sn h*nd Cash at bank and In hand indudes cash and short-temi highly liquid investrnents with a short rnthrity of three months ￿ le88 from the date of acqulsiJon or opening of the deposit or sirnilar accounL Pa9e 22 WEST LONDON STUDENTS. UNION IA Cofflpany LSmlted by Guarants•l NOTES TO THE FINANCIAL STATEMENTS Forthe Y￿r End•d 31 July 2026 £counting pol1cl￿ Icontlnuedl 2.13 Llab1lltl￿ ¥nd provl•lonB Llabllillès 8re recognised then there is an oblig8Uon at thè Balance Sheot date as a r88uIt of a past evenL it 1$ probable ihat a transfer of economic benefit ￿11 be required in settlement, and the amount of the Setllement C8n be estim81ed reli8bly. Liabilities aw r*cognised al thè amount that the Charity 8nliopgteB It bwll pay lo settle the debt or the amount ￿ h89 rg¢dved a8 atharrAd payments for the goods or Se￿CeS it must prowde. ProvisSons Bre meosured al the be¥1 estimate of the amounts required lo settle the obligation. Wh¢r8 the effect of th8 tlme value of money is materibl, the provisltsn is based on the present valve of thos amounts. discounted at the pre-t8x discount rate Ihal reflects the risk5 speafic to the liabilrty. Tha unwinding of the discount 18 recogni8e(I In the Statement of Financial Activities a8 a financA cost. 2.14 Fln•nclal In•trum•nts The Charity only has financaal 8SUts and finan(Jal Ilabilities of a kind that qU81ify as basic financiol In8tTumenl8. Bssic flnancjal instruments are initsalty recognised at tran58Ction v8lue and 5ubBequenl measured 8t their settlement value wrth the exceptS¢n of bank loan8 whl¢h are subsequently mea8ur8d at amortised c06t using tho off8ctive inlereBI m¢lhod. 2.15 Operntlng1•8•08 Rents15 Paid under operating lea86s gr• chgrged to thts Slatemont of Finanrial ActNitles on a $lraight Ilne basis over the18ase te￿￿. 116 Pen•5on• The Charrty opèrates a defined conlrfbutlon pensbn stheme the pension charge represent8 the amounts payablè by the Charity lo Ihe fund In respect of the year. Crltl¢al accountlng ••tlm4ts• and ar••* olJudgem•nt E#tim8tes and ludgewnents are continually pvaluated and are ba8•d on historic41 exped8nce and other f8¢tors. induding expectations of ftrture event8 that are to be reasons￿8 under the circumytances. CrTtic81 eC￿jntlng e8lim¥las and assumptlon8'. The Charity makes e5tim8l¢s and 8ssumptionB concerning Ihe future. Th¢ re8uRing accounting estimales and 88sumptions WSM. by definrtion, seldom equal thè related actual re8Utts. Trusiees have not identffied any estimates and assumption$ that have a signific8nt risk of causlrvJ 8 moterial 8djuslmenl to the carrying pmounts of asse15 and11obililies wthin the next finBnaal year. Page 23 WEST LONDON STUDENTS. UNION IA Compary LimitBd by Guarnntsel NOTES TO THE FINANCIAL STATEMENTS For th• Year End•d 31 July 2026 Incom? from donatlon3 and legacleg Unrestrictsd funds 2025 Total funds 2025 Tol81 ftjnds 2024 Subvention grant Spedal proSects grant Other granlB Oon8t•d gerytced Flem1￿8 Grants 1,802,860 522,301 99,905 819,958 1,802,860 522,301 99,905 819,958 1,802,860 522,301 160.641 819,958 1,893 Totsl 2025 3,245,024 3,245,024 3,307,653 To1812024 3,307,853 3,307,653 Incom• fr¢m ¢harlt*ble actlvlil•• Unr••trlct•d lund8 2025 Totsl funds 2026 Total fijnds 2024 Licen88d Bar And Cofftro Shop Entertainment Progf8mm• M•r¢h8ndlse Sports and sor￿tie￿ $51,878 31,210 37.493 175,OU2 S51,878 31,210 37,493 176,002 560,601 18, 136 21,434 133,605 795.583 795,583 733,776 Total 2024 733,776 733.776 Page 24 WEST LONOOM STUOENT5' UNION {A Company Llmlt8d by Guarantsel NOTES TO THE FINANCIAL STATEMENTS For the Year End•d 31 July 2025 Inc*The from oth•rtradlng actlvbtie8 Income from fundrnl•lng events Unr••tricted lund• 2025 Totsl funds 2025 T￿&1 funcls 2024 Marketlng and 4pon8orship 11,400 11,400 16,498 T￿812024 16,498 16,498 Inv••lment Incom• Unr••trtct•d fund• 2025 Total fund8 202S Tot81 runds 2024 Investment Income 4,240 4,240 985 rotal 2024 985 985 Poge 25 WEST LONDON STUDENTS. UNION IA Cornpany Limited by Guarnntso) NOTES TO THE FINANCIAL STATEMENTS Forthe Year Endgd 31 July 2025 Analysis of expendSture on eharbtsbl• activitie• Summ•ry by lund type Unrestrl¢tsd D••lgnated fund• funds 2025 2025 Totsl 2025 Tot81 2024 Licensed 8ar & Coffee Shop Entertainment Programme M¢f¢handise Student Activib&g Student Cornm8 & Rec•plion Repr¢sentstiJn other Stsff Sglaries & Costs $29,511 128.476 17,774 808.851 452,441 859,414 1,379.641 13,851 $43,362 128.476 17,774 614,05B 452,823 883,340 1,379,641 519,748 136,516 13,057 566,833 491.416 712,031 1,494982 7,207 382 23,926 Tot•1 2025 3.974,108 45,386 4,019,474 3,935,583 Total 2024 3,902,285 33,298 3,935,583 An8ly•l• of •xpendSture on chrltsble •ctlvltl•• by fund typ• Unr•Jtrlct•d D••lgnated fund¥ fund• 2D25 2025 Total fund• 2025 Tot81 funds 2024 Direol cost¥ Support CO8t8 2.873,381 1,100,727 21,440 23,926 2,894,821 1,124,653 2,859,993 1,075.590 13,974,108 145.3861 14,019,474> f3,935,583) Totsl 2024 13,902,285) 133,298) {3,935.583) Page 26 WEST LONDON STUDENTS. UNION IA Cornpony Llmlted by Guarante•l NOTES TO THE FINANCIAL STATEMENTS For the Y*•r Ended 31 Juty 2025 10. Analysls of 8xp•ndlturn by actlvltie8 Activitie• undertaken directly 2020 Support costs 2025 Total funds 2025 Tot81 fund8 2024 Li¢en$ed Bar & Coffee Shop Entert8inment Progigmm8 Merchandls Slud¢nt Activitie8 Student Comms & Recep￿On RepreaentgUon Other Staff Salarf￿ & Costs 543.362 128.478 17.774 614.058 452,823 699,468 512,504 $43,382 128,476 17,774 614,058 452,823 883,340 1,379.641 519,748 136,516 13,057 566,833 491,416 712,031 1,495.982 183.872 867.137 Total 202$ 2,W,405 1.051,009 4,019.474 3,935,583 Tot812024 2,859,993 1,075,590 3,935,583 P&Je 27 WEST LONDON STUDENTS. UNION IA Company Limlt•d by Guar4ntse NOTES TO THE FINANCIAL STATEMENTS For th• Y•ar End£d 31 July 202S 10. Anafysls of expendlture by activltl•• l¢ontlnuvdl Anafy•l• of Bupport co•ts Oth•rstsff ¥•larles & co•t• 2025 Totsl fund¥ 2025 Totsl fiinds 2024 Repre••ntstlon 2025 Sabbatical Irusiee$' s8larfe$ Depredation SeThiced prem18eS Insurance Printlng, post*ge and Stationery Computer costs Bank charges comm189lon Sundry NUS affiliations Legal and PTofe881on81 Travelling and sub818lence Audit fee Rerxuitrnent C0813 Bad debts 83.032 23,678 83.032 23,676 819.958 31.077 1.898 20,331 1,237 81,633 20,908 819,958 39,330 752 12,609 1,351 1,508 42,6LXI 23,617 6, 702 14, 700 3,930 5,992 819,95B 31,077 1,898 20.331 1.237 45.C4)0 4,367 5.103 4S,OtyJ 4,387 4103 12,OlXI 2,088 295 12.OC#) 2,Ce8 296 Tot•1 2026 183.872 867,137 1,051,009 1,075,590 rotal 2024 197,991 877,599 7,075,590 P4e 28 WEST LONDON STUDENTS. UNION IA Company Limitsd by Guornnteel NOTES TO THE FINANCIAL STATEMENTS Forthg Y•ar endqd 31 July 2025 11. Stsff e(bsts 2025 2024 Woges and salarte5 Social serJJrty costs Conlrfbulion lo defined ccrfdbuJon penslon 8them&8 1,698,294 158,414 181.021 1,685,353 143,354 152,442 2.017,729 1,981, 149 Th8 average nurn￿r of person8 empltsyed by the Charfty dudng th6 y•gr was a8 follows: 2025 No. 2024 No. Sabbatical Tru8tee8 Full Ume and part time staff Ca8ual staff 38 63 63 103 106 The nUrn￿r of •mployee8 whose employea benefit8 (excluding employer pen8lon costs) exceeded £60,OW was,. 2025 No. 2024 No. In the band £60.￿l- £70,CQO In th& band £80,CQ1 - £gJ,Crf)O During thè ￿91, remuneration indudlng employerf8 Nl 8nd pension conlrfbu￿ons totalling £332,67B 12024.. £318,359) was inrAJrred in reswci of key managemant personn81. Page 29 WEST LOMDON STUDENTS. UNION (A Company Lknltvd by Guarants?) NOTES TO THE HNANCIAL STATEMENTS Forth• Y•ar Endod 31 July 2025 11 Trustoe•' remun•rntlon •nd eM￿n￿¥ t)uring Ihe year, under the prowslon3 rnade in Ihe Charitys Constitulion, the fomowng sabbatical trustees received remunaration in respeth of their ernpl0￿￿ent contract with the Union.. 2025 2024 Ya$h Arora Adarsh song￿the Tri5uI Suman Sgnno Kazi Namira Shre$tha Mae Kel AyY￿ Beb Remvneration Remuneration Remuneration Rernvneratlon Remunerat¢on Remuneration Remuneration 26,710 28,780 25,505 26,767 1.538 1,538 26.564 25,829 During the year ended 31 July 2025, no TNBtee expenBe8 hav8 b8•n inG￿rr¥￿(2024- £NIL). Page 30 WEST LONDON STUDEMTS. UNION (A Company Llmlted by Gu•r¥rriB81 NOTES TO THE FINANCIAL STATEMENTS For tho Yèar End•d 31 July 2025 13. Tangibl• flxod a68•ts Bullding Improve• Flxtur•• •nd ents flttlng• Oisco Offlce equlpm?nt equlpment and Ilghtjng Tot¥1 Cost or v¥lu•tlon Al 1 August 2024 Addrtions 1SO,000 161,752 409,799 45,619 86,205 7,651 612,989 246,957 At 31 Juty 2025 311,752 409.799 130,724 7,651 859,928 O•preel•tlon At 1 August 2024 Ch8rg• for th8 year 13,91J 5,712 257,463 10,430 27,530 17.739 3,856 1.478 302.754 45,36 Al 31 Juty 2025 19,627 277,889 45,269 5.334 348,119 N•t book ¥•lu• At 31 July 2025 292,125 131,910 85,455 2,317 511,807 At 31 July 2024 136,085 152,346 17,989 3,795 310,215 i& stock 202LI 2024 Merchandlse, food and drink 13.880 14,641 15. 2025 2024 Due wlthln on• y•ar Trad& debtors other debtors 357,426 5,690 625,507 9,536 363.116 635,043 Pgge 31 WEST LONDON STUDENTS. UNION (A Company Limit•d by Gu•rnnte• NOTES TO THE FINANCIAL STATEMENTS Forth• Y•ar Ended 31 July 2025 16. Creditors: knounts falllng vllthln one year 2025 2024 Trade c¥•ditors Other taxation and security Other uedftor8 A¢cruai8 and deferred income 109A33 10A42 71,740 132,004 173.944 79,703 97,025 403.619 350,672 17. FlnanGl•l In•trurn•nts 2026 2024 Fln•ncSal a88•ts FlnaTrd￿ aBSets meaBured at falr value through Incom8 Bnd expenditur• 868,962 398,146 Finandal 886ets mea8ured at fall valu• through Income and expendkure ¢wprl81 ¢a8h balanceB. Po98 32 WEST LONDON STUDENTS. UNIOM IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 July 2025 18. Statemgnt of fund$ statement of funds- current year Balane• ot 1 August 2024 Tr•nsf•rs Balance at inlout 31 Juty 2025 Incomo Expendlture unr￿trIcted lund• General FuThJs $97,158 4.OJ6.247 13,974,108) 1248,9581 432,339 Balan￿ •t 1 Augu•t 2024 Trnn•f•r• B•l•nc• At Inlout 31 Juty 2026 Incom• Exp•ndlture De•lgn•t•d lund• Fixed assets Development fund 310,116 11x1,000 14S,3661 246,950 511,807 100,000 410,216 145,3661 246,9S8 811.807 Total fuDd• 1,007,373 4,056.247 14,019,474) 1,1744.146 Page 33 WEST LONOON STUDENTS. UNION IA Company Llmltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 July 2025 1& Stst•m•nt of fund¥ Icorrtlnued Statement of fvnd•- prlor year 8818nce at 1 August 2023 Transffe Ba18n￿ at in/out 31 July 2024 Incomo Exp￿￿11￿￿* Unre8trlcted funds General Fund$- ¥1 funds 708,915 4.058.912 (3,902,285) (268,384) 597, 158 Oe*Sgnat•d fund• Fixed a88et8 D•v•lapmenl fvnd 17&129 (33.2981 168,384 IGQ,OC 310,215 ioo,ooo 175, 129 (33,298) 268,384 410.215 Totsl fund• 884,044 4,058,912 13,935,583) 1,007,373 Designated fund8'. Development fijnd refiects the funds •8miArk•d for the developmonl of the employee5. C?pitaUfixed a8sels fund refiect8 the net book value of fix¢d 03$¢t¥ and Telle¢As the importance ol fixed a63ets to the Ch8rlty. l•, Analy81• of net ••••t• b•lw••n fund• Analy818 of n•t A•8•ts b•trM•n fund• - curr•nt y￿r UnreJtr5cted D•8lgnated lunds fund8 2025 2025 Totsl fund$ 202S Tangible fixed a88elJ Current assets Creditors due within one year 511,807 100,OLIJ 511,807 935,958 1403,6191 835,958 1403,6191 Total 432,339 611,807 1,044,146 Page 34 WEST LONDON STUDENTS. UNION IA Company Limlted by Guarantso) NOTES TO THE FINANCIAL STATEMENTS For th• Y•ar Ended 31 July 2025 19. I￿&1y#l$ of net •sJ?ts botswon fundg Icontlnuodl An•lyg1s of net a•J•ts b•tsw•n fund•- prlor y•ar Unreslrfcl8d Design8tgd funds funds 2024 2024 Total funds 2024 Tangible fixed a88ets Current asset8 CT8dilor8 du? wlthin one year 310,215 I￿,000 310,275 1,047.830 (3￿.672) 947.830 (3￿.672) Totsl 597, 158 410,215 1,007,373 Recon¢lllat5on of mov•m•nt In fund• to not c••h flow from oper4tSng actlvltl 202S 2024 Nel incom? for the year la¥ per St8t•m•nt of Flnancial A¢¢lvltleBI 38,773 123,329 Adlu•tm•nt• for. Depretyolion charge8 Decreag8lllncreasel In 8lock$ Decrease In debtors IncreaBelldewasel in credll 46.385 761 271,927 52.947 33.298 f3,5491 391,315 {227,072J N•t CA*h prDvlded by ap•rat5nq aGtlvltle• 407,773 317,321 21. Analy81• of ca•h •nd c••h •quiv•l•nts 2025 2024 Cash In hand 558.962 398, 146 Totsl cuh and c••h equlvalents 558,962 398, 746 Page 35 WEST LONDON sTuDE￿r3. UNION IA Company Llmlted ty Guarnnte81 NOTES TO THE FINANCIAL STATEMENTS For the Yeor End•d 31 Juty 2025 31 Analys1• of changej In net debt At 1 August 2024 Ca•h flow8 At 31 July 2025 C88h at bank and in h4nd 398,146 160.816 558,962 398.148 160,816 SS8,982 23. Pen8lon commlkn•nt• The Chgrlty oparAt•8 a d•fined contrlbution penslon 8chema. The 8ssetB of the 8cheme are held separately from those Of the Charity in an independenuy 8dmlnl$lered fvnd. The penslon c08t charge repre8enis contributions payable by the Charity to the fund and amounted to £161,021 {2024.' £152,442). cC￿(n.bub'o￿s totslllng £nll were payalAe {2024.' £nll) lo the ￿n￿ at th8 bBl8nce sheet date. X Op•rntlng lea•• ¢cthmltrn•nts Al 31 Juty 2025 the Charity had c¢Jmmilments to m8k• luture mlnlmurn lease ￿YMentS under non. c4ncell8bl• oper8tlng lea8es as follows.. 2025 2024 Gym equlpn•nt Ntst later than 1 yeor Later Ihon 1 year and not later than 5 yearn 31,746 99,736 8, 128 131,4B2 8, 128 Page 36 I￿ST LONDON STUDENTS. UNION IA COm￿nY Umlt•d by Guaranto•1 NOTES TO THE FINANCIAL STATEMENTS For th• Year End•d 31 July 2025 25. Relat•d party tran¥Jctlon• The c￿nIrOllIng parties of the Union are the Tru$l¢es by virtue of thelr p0811ion as members of the Tru8tee Board. The Union receNes a 8ubsl8nb.al part of its income by me8ns of grant ftmdlng frc#m the Univgrstty. This fvjnding gmounted to £3,245,02412024'. £3,3￿,759) of revenue funding in the year under re￿tw, vjhich Indudes £819.95812024." £819,958) in respect of donated serviced premise$ provided. Thtr Trust88 Bo8rd is of the opinion that this financial as818t4n¢t Is not an influencing laclor with regard lo the fom8tion of the Union'6 policy sattlng. At the balanc8 sheet dale. th• Unlver8ity owed an amount to the Student Union 01 £131,61312024". £624.0701. and the Student Union ow&J an amount lo the Univer81ty of £339.78612024.' £48.168). During the yeor. the Slud¢nl Union PUTch85ed $trvlce8 lotalling £500 from 8 company owned by tho fèrnily of one of the Tru8tees. Pag• 37