Charity registration iiumber.. 1148622
Universitv of Bradford Union
Annual Rerth and Financial Sialements
for the Year Ethded 31 July ?023

Unii'ersity of Bradford Unio
Contents
Trustees Rew)rt
to 18
Staietnetlt of Trustee5' ReS￿nSibilItieS
19
Independent Auditors, Report
20to22
Siaiemeni of Financial Aciiviiies
23
Balance Sheet
24
Notes lo the F'inancial Sialemenls
2.5 to 36

REPORT Y,
TRUSTEES
University of Bradford
Union of Students
Year Ended
31 July 2023

Unlverslty of Bradford Unlon of Students
Report of the Trustses
Yoar Endod 31 July 2023
Official Name
Universty of Bradford Union
Worklng Name
UBU
Charitabl8 Statu$
The University of Bradford Union IUBUI is an unincorporated association vthich was
registered with the Charity Commission on 17th August 2012 defined under the Education Act
1994.
Prln¢lpal Addros$
Student Central, Richmond Road, Bradlord, BD7 1DP
Currènt & Former
Trustses:
Nam8
Deborah Cross
External Trustee
Ram Saroop
External Trustee
Lltsyd Russelkmoyle
Extemal Trustee
Gwendolen Bradshaw Extemal Truslee
Safvvatt Ahktar
Sports & Wellbeing
Officer
Communty &
Activilieslsludent
Affairs Officer
Education Officer
Community &
Activitieslstudenl
Affairs Officer
Student Trustee
Student Trustee
Community &
Activities Officer
Sports & Wellbeing
Officer
Christian 8usse
Sludent Trustee
Sabrina Ali
Student Trustee
Tamaradiseere Agama Student Trustee
Umar Taj
Sludenl Trustee
Hazmin Ahamed
External Trustee
Date Appointgd
1110117
1110117
10111122
1112122
Date Resigned
51912023
51912023
117121
301612023
Ahmed Malik
1nll1
117122
301612023
Iqra Tabassum
Hamza Khan
117122
2411122
2411122
Adegboyega Omole
Ajiri Ayokunle
Rotimi Olorunfemi
1611212023
1611212023
117123
Oluwaseun Onikan
1no3
119122
3111123
2216123
1no3
3115123
3011124
Audltorn
Walson and Buck
York House
Wool Gale. Cottingley Business Park.
Bradford B016 1PE
BankofB
Cooperative Banking
6 Tyrrel Street
Bradford
West Yorkshire
BD1 1RJ
The Trustees present their Annual Report for the year ended 31 Juty 2023, which in¢ludes the administrative
information, together with the audited accounts for that year.

STRUCTURE.
GOVERNANCE
AND MANAGEMENT

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Structure, Govemance and Management
Constitution. Objects and Regulations
UBU is constituted under the Education Act 1994 as a charity with internal regulations and a constitution approved by
the governing body of the University of Bradford and members of UBU. UBU'S charitable objects under the Act are
the advancement of education of students at the University of Bradford for the public benefit by..
Promoting the interests and welfare of students at the University of Bradford during their course of study and
representing, supporting, and advising students.
Being the recognised representative channel between students and the University of Bradford and any other
external bodies., and
Providing social, cultural, sporting and recreational activities, and forums for discussions and debate for the
personal development of its students.
Senior Staff
UBU employs a Chief Executive Officer ICEOI, to work closely with the Trustees to ensure effective management of
the charity assisted by a management team as follows..
CEO- Andrew Fitzpatrick (Resigned 30.12.231, Aleem Bashir Istarted 15.1.241
Health, Safety & Administration Manager- Deborah Moore
Student Engagement Manager- Michael Allhouse
Finan￿ Manager- Faisal Mahmood
Student Voice Manager- Daniel Batchelor
Trustees
UBU is administered by ils Board of Trustees made up of 4 students elected by the membership of UBU, 4 external
Trustees, and 4 Sabbaticals. For the reporting year of 202212023 there were 4 student trustees and 4 external
Iruslees on the board.
The flat structure for the period August 2022 to June 2023 consisted of the following Sabbatical Officers.. Student
Affairs offi￿r, Education offi￿r, Sports & Wellbeing Officer and Community & Activities Officer. These posts are fvjll
lime Sabbatical posts remunerated as authorised by the UBU Constilulion. No individual may serve more than two
years as a Sabbatical Officer.
The full time Sabbatical Officers go through a Ihree-week intensive training period in the month of June. This includes
sessions on roles and responsibilities, organisational mission and values, working in teams, strategic planning,
personal development and introductions to University partners. We also provide bespoke Trustee training days for
the four Sabbatical officers and arrange continuous development opportunities throughout their term of office.

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Commlttees and Delegatlon
The position of the Student Executive is al the heart of the Board of Trustees and all other key sub-committees ensures
that the student voice is heard throughout UBU decision making structures and that our decision makers are accountable
lo the student body. In this reporting year all meetings have been conducted online. Student Officers have a majority
on all sub-commillees., in summary..
CommitteelDelegation Period Responsibilities
Student Unlon Councll
Monthly during term lime
Responsible for holding Executive lo account, reviewing Executive work and informing the campaigning and
rep￿sen￿tiVe work of UBU
Executive Committee Meets Monthly lat least)
Responsible for campaigning and representative functions of UBU.
Responsible for the day-ltrday student engagement
Board of Trustees
Meets Quarterly
Responsible for overall strategic direction of UBU
Finance
Meets Weekly
Responsible for review and development of financial pr0￿dUreS, budgets, evaluating investment and general financial
risks.
Governance Advisory Committee
Meets fortnighlly
Reviews Constitution and Byelaws and other governance issues. Reports into Trustee Board
Strategy Advisory Committee Meets Monthly
Reviews strategic direction of UBU, makes recommendations.
Reports into Trustee Board
HR Advisory Committee
Meets Quarterly
Review HR areas of UBU. Reports into Trustee Board
Health & Safety, Events lineluding Risk}
Meets weekly
Responsible for UBU health & safety including the risk register.
Responsible for ensuring èvents from aeross all areas of UBU are carried out in line with Health and Safely, due
diligence, fi'nancial constraints.
Management Commlttee
Meets Weekly
Responsible for ensuring activity is in line with strategic, operational, and financial plans.
Sports Assembty
Meets Monthly
To consider matters affecting student sports groups and consider their funding bids and activity plans.
Activities Assembly
Meets Monthly
To consider matters affecting student society groups and consider their funding bids and activity plans.

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Academlc Representatlon Assembly
Meets Monthly
To consider matters affecting Academic Representative areas.
Annual budgets and accounts
These are considered on a quarterly basis by the Board of Trustees
UBU operates on democratic principles and the UBU Executive is responsible for the day-to-day development of
representation and campaigning policy that affects students. The work of the UBU Executive is supervised by the
student Union Council, which can hold the UBU Executive lo account and recall decisions made by the UBU Executive
Committee. The Sludenl Union Council makes and approves representational and campaigning policy.
UBU also employs around 18 staff (including Sabbatical Offi￿rs) for the sake of continuity in the management and
delivery of its many aclivilies. A clear staff structure Is In place and staff members are ultimately accountable lo the CEO
for the performance of their duties. The CEO is accountable lo the Board of Trustees and is formally line managed by
the Chair of the Board of Trustees.
Relationships with and support of the University of Bradford
The relationship be￿een the University and UBU Is based on an equal partnership across slralegi¢ functions such as
ommercial services. sport, representation, and learning and teaching, the aim of which is to provide the best student
experience whilst being a student al the University of Bradford.
UBU received a block gmnl from the University of £1,402, 114. UBU occupies a space in Student Central owned by the
University of Bradford and pays rent of £537,737 per annum which includes utility and maintenance costs. The University
provides support and other services such as IT support and access to facilities le.g., sports, rooms) which support
student activities and volunteering.
There is no reason to believe that fi'nancial support from the University will not continue for the foreseeable future, as
the Education Act 1994 imposes a duty on the University lo ensure the financial viability of its student representative
body.
Risk Management
Budgetary and financial risks are minimised by the implementation of procedures for the authorisalion of all transactions
and projects.
Procedures are in pla￿ to ensure compliance with heatth and safety regulations for stsff, volunteers and participants in
all activities organised by UBU, including transport provision.
A risk register is in place which is regularfy reviewed each quarterly.

AIMS.
OBJECTIVES
AND ACTIVITIES

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Alms, Oblectlves and Actlvltles
The UBU Strategy Plan sets out our Vision, Mission, Values and Strategic Objectives. 11 does not detail the specific
tasks that will be completed in a particular period but sets objectives and describes how we will eviden￿ our success.
In this way it provides a plan for UBU to navigate flexibly through the future years.
Operating departments which support UBU'S charitable objectives include..
Administration Area- provides operational support to ensure UBU functions effectively these include reception,
finance, health and safety, events, HR and Governan￿.
Student Voice Area- Student Advice, Democracy and Development Area supporting UBU Members. The area
provides academic and welfare advice to students as well as supporting student representstion, democracy and
student campaigns.
Marketing and Communications Area Ipart of Student Voice Areal - operates UBU'S website and supports all
stsff and the Executive with webpage content. Works with Sabbaticals to ensure there is a unified marketing
and communications strategy. Works in collaboration with the University open days and other recruitment
aclivilies.
Sports Area
provides support for around 30 sport clubs with their budgets, democracy set-up, facilities
requirements, and performance objectives.
Activities Area
provides support for around 60 societies with their budgets, democracy set-up, facilities
requirements, and performance objectives.
International Student Engagement A￿2 - provides support for international students lo improve and practise
their English Language skills. Provides social opportunities for international students to engage with English
culture and the location of the University.
Volunteering Area works with community organisalions to provide students with work-based volunteering
opportunities. Also works closely with the University to promote the student employability agenda and capture
the skills gained through volunteering in sports clubs and societies.
Other UBU Areas- The Post Graduate Research Lounge which supports University students studying research
al the University. Room 101 which support University International Students. TLMC (Tasmin LIt￿e Music Centrel
supports slLJdents who wish to use the rooms for pracliTr, music socials. Ramair rooms for podcasting, radio
elc.
Grant Making Policy
Sports Clubs - Since the financial split from the Unique membership last year, UBU now collects money from students
direct and then allocates a budget across the clubs on a case-by-case basis. The University still supports through 8
grant of £90,000 lo be used for those clubs representing the University in sport competition.
Activity groups - An agreed amount from the University Subvention is allocated to societies and media groups at the
start of the year depending upon the plans and needs.
In all the relevant Sabbatical Officer and staff members oversee the budgets lo ensure sports, societies and media are
in line with their forecast. The relevant Sabbatical Officer and staff members report regularly to the Trustee Board on
budgets.

LONG TERM
OBJECTIVES
.1,;411:'.

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Long Term Objectlves
Trustee Board
UBU and the University Senior Management team agreed to pursue the ereation of a Memorandum of Understanding
lo illustrate the relationship between the organisations, particularly regarding Finance, HR and Space. A new
financial model has been approved and a potential HR agreement has been discussed. An agreement around UBU
space allocation has yet lo be finalised. The main aim remains is to have a signed agreement covering all areas.
Student Volce
This area's objective remains to be the democrats'c voice of students through student council, academic representation,
and General Meetings. Discussion is still ongoing regarding lay members on the student council and increasing
academic representation on the council. The student voice use of social media is constsnlly developing and proving lo
be an effective engagement tool although quality feedback is still challenging. Our main source of student opinion and
thinking remains around our social learning activities and our democratic forums.
student Engagement
UBU continued lo support sludenl engagement through removing barriers lo participation and creating opportunities for
students lo regain their social skills and confidence. Sludenl engagement in some areas has been inconsistent and
unpredictable, depending upon the University recruitment strategy. Factors include the increase in Msc and international
students, which have both financial and cultural barriers lo traditional engagement models. The Increase in student
placement programmes has impacted student availability and the student cost of living has changed behavioural
pallerns. A review of our engagement models in particular the sport membership is required so that the benefits of team
sport remain a key feature of the student experience.
SociallTraining Space
Our long-term objective remains for UBU lo continue lo increase its social learning offer within student central and
around campus. The University have Instigated a programme of works lo develop the floor below the Students Union
(Floor 021 with a improved catering offer which will hopefully increase the footfall through the space and therefore benefit
the UBU student engagement.
Student Development Programme
The long-term objective remains the same in terms of allra¢ling 500 new students into ils Kickslart development
programme increasing each year to eventually achieve 2000 students by the year 2026. The aims remain the same lo..
Engage students in UBU projects who previously have not engaged
Retain students at the University of Bradford
Give students the opportunity lo gain and develop skills and create social ne￿orkS
Give back to the local community through volunteering, fund raising and skill sharing.
To gain a set of skills which will enhance their CV accompanied by a personal reference from UBU.
To achieve these objectives, strategie alliances with university faculties and halls of residence need to be developed
lo ensure all students receive information about the programme and have the are able lo sign up for residenlials or
personal development programmes or to get involved with one of our many opportunities.

SUMM,
RY
. STRATEGY
PLAN
Il

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Summary Strategy Plan
Vision
To be a Union that reaches out to every student in Bradford by providing support, opportunities, life skills, fun
and representation.
To be the focal point on campus for encouraging social learning and understanding
Mission Statement
To inspire and nurture each student
To maximise their potential
To enrich their journey
To sustain our future
Values
Democratic and sludenl leadership
Quality and professional student service
Respect and listen to all our members
Transparent, responsive and accessible for all our members
To provide opportunities for students additional to their academic studies
To be a respected partner of the University in improving student academic experience and development
To be an effective commercial partner in retail and leisure delivery
Public Benefit
The Trustees have had regard to the Charity Commission's guidance on public benefit. The ways in which UBU
demonstrates how it provides public benefit are included in ils review of achievements and performance as follows.
li

STUDENT
EIIGAGEMENT

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Student Engagement Area Report 202212023
The Student Engagement team in 2022123 had a great year with a reinvigorated offer and a reorganised office. We have
dramatically increased footfall of sports and societies execs into the office. This has allowed us lo better plan for sports
and societies in future and has created an inclusive culture within these areas.
Kickstart
This year we dramatically increased the number of Kickstart residentials with the aim of bringing as many students as
possible into the development programme. In Semester one we ran six residenlials, including one female only weekend.
In Semester we ran a further two residenlials for Nigerian Students and ISOC students.
At the Ubies (Kickslart awards) 17 students re￿iVed Level 3 awards, 10 of them to women. Each level 3 student
received the opportunity of either a shadowing opportunity or mentoring experience with one of our Aumni as well as a
wrillen referen￿ forjob applications.
Volunteering
The Volunteering area experienced a strong Freshers Fair, with 165 student sign-ups for more information. We ran a
face-to_fa¢e Student Volunteering Fair on 20th October with 30 organisations attending. We had our highest number of
volunteer applications ever for October 2022,. 112, highest number of volunteer applications ever for Jan 23, Best
engagement figures on record., 506 role applications. (Nearest best was in 2017-18 at 381 role applicalionsl. Live
volunteering opportunities peaked al 202 in January 2023 (highest everl. By comparison, live opportunib.es peaked at
just96 in 2017-18.
Our strategy in building positive local charity partnerships over time is bearing frui(, yielding more choice and a larger
number of volunteering opportunities for our students. The team developed several relationships with faculties including
Clinical Sciences who are promoting our heallh-related opportunities to their students.
Our challenge is to improve the Union Cloud Volunteering Module as the student volunteering registration process can
be arduous. We are currently transitioning to using Handshake, but as of Ocl 23 are running both systems
simultaneously.
Campaigns
UBU ran several successful campaigns this year including Black History Month, Disability History Month, Women's
History Month and LGBTQ+ History Month, engaging over 250 students with most of these campaigns.
Our Take a Hike group in which students go hiking with blind or partially sighted people had 150 students attend over
11 hikes. At the end of the year, we ran a residential in the Cairngorms for the students and the other hikers.
Sports and Activities
This year UBU attracted 570 sport members into 27 sport clubs and over 2000 activity group members involved in 125
activity groups. There were around 500 Executive leaders for Sports and Activities.
In Sports, in the 2022123 Sports season, BUCS was a success with our teams competing in 184 fixtures, with the
American Football team exceeding their own expectations and reaching the playoffs, and our women's Volleyball team
reaching the cup semi-final. Our men's Hockey and men's Badminton first teams both got promoted Into Tier 4B
and 3B respectively.
A new social sport 5-a-side football league was trialled, inviting societies and academic courses to take part, which was
a massive success. We are implementing a wider social sports program off the back of this. We hope to do this from
the start of the year to increase our ability to reach more students and gel them active and engaged with the SU and
physical activity.
The splitting of the sports membership with Unique had some financial implications for sports funding, as the clubs,
budgets are now more dependent on how many members they can bring In, although the University still helps fund the
BUCS competitions. We have tried a series of promotions and monitoring to try to gel students to sign up and will do
likewise in the coming year.
13

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
At the end of the year several societies did not have new Execs to take them fotward into the next year. This is common
and indeed at the start of the year we only had 20 societies with Execs in place. This grew to over 120 and when it
shrank again, only shrinking lo 50ish this year.
Taking on feedback from executives, officers who run our clubs, the UBU training program needs redesigning for sports
and societies in terms of content and delivery. We will be looking to this for next year.
Engagement Spaces
Room 101
our International Student Space had a particularly good year, being fully embraced by the huge influx of
Nigerian students, a great many of whom arrived in Sem 2. It is now perhaps better used than ever before and has
celebrated several cultural days throughout the year.
Our Green Moveout in Room 101 where we recycle items from student lo sludenl, was also particularfy effective running
all year round as a sort of swap shop, and we also benefitted students by being given hundreds of duvets from The
Green which found good homes.
The Ram Air space has been heavily used throughout the year, parti¢ulady for podcasting, with a society forming and
various areas from the University using the space. We are rethinking how we manage this space.
14

UDENT
VOICE
111

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Student Volce Report 202212023
Student Representation
During the 2022-2023 academic year The Union supported the election and training of over 450 student representatives.
This was the highest number of elected representatives in over five years. Of this number, over 600/0 of representatives
were trained during this period. The highlight for the year was engagement of students in providing evidence for the
Students, Union student submission for the University Teaching Excellence Framework ITEFI submission.
student feedback on improvements to this provision has been positive. The 2023 National Student Survey asks students
the question "How well does the students, union lassocialion or guild) represent students. academic inleresls?.
University of Bradford students reported at 72Q/o satisfaction score. This places UBU 29/0 above the sector average score,
and overall, the 43rd ranked HE provider SU within this category. This score has returned UBU to our pre-covid average
satisfaction score.
Student Democracy
During the academic year the Unions council met in line with governance requirements. The Union also organised two
general meetings, with both meetings being attended by over 150 student attendees. The first meeting in November
2022. ulilised a brand-new model for the meeting, with students being encouraged lo break-out Into conversational
groLJPS on key student themes. The second meeting held in February was the UBU AGM, and included a Hustings for
the spring elections.
The March 2023 UBU elections resulted in 4 Full Time Sabbatical Officer and 4 Council Executive Officers being elected.
2893 students voted in the election, with 31 candidates participating in the election process. The Union also trialled a
'mop-up election, in May to recruit vacant roles on the executive.
Marketing
This is an area in which constant review is needed. Student consumption of media is ever changing, whilst digital
engagement continues lo increase in importance in our sludenl initial and continued engagement with the UBU sludenl
offer. During the period UBU'S social media following increased as follows..
2021 2022
2022-2023
Facebook". 9,755 likes, 268 new likes.
Twitter.. 6849 followers, 246 new
follows.
Linkedin.. 267 Followers, 65 new
follows.
Instagram.. 5038 Followers, 982 new
follows.
Facebook.. 10,146 likes, 268 new likes
Twitter". 6997 followers, 148 new follows.
Linkedin.. 398 Followers. 130 new follows
Instagram.. 6524 Followers, 1486 new
follows.
Tik Tok 738 Inew addilionl
Additionally, UBU have now signed an exclusive commercial agreement with Native. This agreement will guarantee
fixed advertising Income for UBU as follows..
Academic Year
2023-2024
2024-2025
2025-2026
2026-2027
Fee
£18,500
£20,000
£23,000
£26,500
The team received a significant number of complaints from Students regarding our CMS with students reporting troubles
purchasing events, and memberships due to glitches with the sile. As part of the commercial agreement with Native
UBU have also gained access to an events platform that plugs-ln lo our additional CMS Unioncloud. This new module
will provide a short-lerm fix to this issue. Additionally, Unioncloud have changed their own banking provider with the aim
lo provide a fix to member complaints.
16

University of Bradford Union of Students
Report of the Trustees
Year Ended 31 July 2023
Advlce and Support
The Advice Team now has two new members of staff. Maria Tufail has joined the team as a Student Advisor providing
maternity cover for Maarya Adnan. Sidrah Sultana has joined the team as our new full-time Advice and Support
coordinator. This new role has provided additional support lo the team, with regards to administrative support for student
cases, and a triage Servi￿ for students.
The team continues lo provide support to a substantial number of students needed academic support. This includes
themes such as academic appeal, academic misconduct, as well as support for complex disciplinary processes including
fitness lo practice.
The team have been dealing with a significant Increase in case work. The University has strategically changed
recruitment demographics in recent years, increasing student numbers. There has been an increase off appr. 2-3000
students studying postgraduate study, with this number mainly been made up of international students from Pakistsn,
Nigeria, and India. There are complexities with how our new students need to be supported, and il is apparent that
academic programmes are strLJggling to adjust lo the requirements of these students, groups. In recent months there
have been over 1100 academic misconduct cases in the University with the increase being PGT students.
17

**University of Bradford Union of Students** 

## **Report of the Trustees** 

## **Year Ended 31 July 2023** 

## **Funds held as custodian trustee on behalf of others** 

UBU acts as custodian for funds raised by the students' many clubs and societies and these funds are separately shown in the accounts. At the year end the balances due to these clubs and societies was £81,477 (2022: £91,791). 

## **Reserves Policy** 

In accordance with the Charity Commission’s guidance on best practice we have targeted our level of reserves as that of 4 months wages costs. 

The amount of the total funds held is £372,518 (2022: £430,425), the amount of restricted funds is £6,742 (2022: £7,786). 

The amount of fund that can only be realised by disposing of tangible fixed assets is £1,968 (2022: £4,581). 

The charity reserves after making allowance for the above is £370,550 (2022: £425,844). 

The amount of 3 months wages cost is £172,000 and is greater than our targeted level of reserves. 

## **Full Financial Review** 

As in previous years the subvention for the year was agreed at a level to allow UBU to meet agreed levels of service provision to students. 

A new model based on student numbers and including inflationary increases was agreed with university which will begin at the start of the academic year 2022/2023. 

UBU presented a budget to its members and the University which showed a £90,000 deficit as can been seen from accounts the actual deficit for 2022/23 was £57,907. The aim of such plan was to have the flexibility in the budget and to use our reserves to improve student engagement and consequently reduce the level of reserves back to the agreed amount The flexibility allows UBU to invest in a wider range of student opportunities as the impact of the pandemic on the student experience is still unfolding. 

As is illustrated in the report our levels of student engagement declined in sports and societies they increased slightly in volunteering and remained the same in representation. This influenced the end year financial position as the number of students joining or taking part in our opportunities reduced which then reduced the predicted spend. 

These are areas that we will have to continue to scrutinise in the coming year as we will be subject to inflationary pressures, especially in wages costs. 

Approved by the Trustees on 5 March 2024 and signed on their behalf by: 


**……………………………** Gwendolen Bradshaw External Trustee 

…………………………… Iqra Tabassum Sabbatical Officer Trustee 

18 



University of Bradford Unio
St4t¢m¢nt of Trustees. R¢sponsibilities
The trustees are respN)nsible for preparing the ftswcial statements in a¢¢ordan¢e with the United Kingdom Accounting
St8ndards (United Kingdom Generally Accepted AccoLmiing Praciice) and applicable lam. and regulations.
The law appliuble to chariii¢s requires the tsllsiees to prepare fiDan¢ial S￿ements fw each f￿all¢la1 year which give
true and fair view of the state of affair5 of the cbarit). and of the iDcoming resources and application of resources of the
charity for that period. In preparing these fmancial staterncnts, the tru5ttt5 are required to..
5elcct suhtable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS 102).
make judgement5 aTLd e5timatcs that are rca50nable and prudent.
state whether applicable accounting sthndards have been followe￿ subject to any M￿er18] depffiures disclosed omd
explained in the financial statements.. and
prepare the fJnan¢iai st￿¢M¢￿t$ on the 80ing concern basis unless it is inappropri￿¢ io presume thai the chariiy will
continue in business.
The trnsi¢¢s or¢ resp¢)n5ibl¢ fw k¢epin8 accowiiin8 rttords that dis¢los¢ with reason8ble accuracy ai sny rime
th¢ fmancial w)sition of the charity and enable them to ensure that the flnanciai 5taiements compl>. ￿1th the Charities
Aet 2011. the Charities (Accourtts and Rew)rts) Regulations 2008. and the provisions of the constÈtution. The trustees
are also resp)nsible for safeguaxding the assets of the charity and hence for ¢aking reasonable sieps for the prevention
and dffle¢tion of fraud and other irregulariiies.
The ttusiees are resp)nsible for the Mail)￿natI¢¢ and iniegrii). of the at)d finat)¢i&l inforniation included on thc
charity's web51te. Legislation Boverning the preparation and dissemination of f￿anCial stsiements may differ from
lesislation in other juri5dLCIIOTh5.
Approved by th¢ twtee5 of th¢ chwity. on 5 March 2024 and SI￿￿d on its behalf by:
Trustee
Trustee
Pa8e 19

University of Bradford Union
Independent Auditor's Report to the Members of unive￿Ity of Bradford Union
Opinion
We have audited the financial staiemenis of University of Bradford Union (the 'charity') for ihe ￿ear ended 31 July
2023. which comprise the Statement of Financial Aciiviiies. Balance Sheei. and Noies to the Financial Ststements.
includints a summary, of significani accourtting polities. The financial reportin? framework that has been applied in iheir
preparation is United Kingdom Accounting Standards. c(Mnprising Charilies SORP - FRS 10? 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland. and applicable laiv (United Kingdom Generally AcCep￿d
Accounting Practice).
In our opinion ihe financial siatements..
give a lrne and fair view of the state of th¢ Charity's affairs as at 31 July 2023 and of its incoming r¢sourc¢s and
application of resources for the year then ended:
have been properly prepared in accordance with United Kingdom Generally AcCep￿d Accounting Practice,. and
have been prepared in accordance with the Charities Act 2011.
Ba51s for oplnlon
We conducied our audit in accordance with International Sthndards on Auditing (UK) (ISAS IUK}l and applicable law.
Oiir responsibilirie5 under those slandards are funher described in ihe audiior responsibiliiies for the audil of tl)e
rinancial siatemenis seciion of our repon. We are independeni of ihe charii). in accordance wilh ihe ethical requireinents
that ar¢ rel¢vant ¢0 our audit of ihe financial 51alernenis in ihe UK. ijicludijig the FRC'5 Etl)ical Stoiidard. aiid we liav¢
fuifill¢d our other ethical responsibililies in accordance with these requireinenis. We believe that ihe audit evidei)ce we
hav¢ obtained 15 5uffici¢ni and appropriaie lo provide a basis for our opinion.
Conclu$ion$ relating ¢0 going Concer
In aLiditingJ Ihe financial siaiements. we have concluded thai ihe trustees use of ihe going concem basis of accounting? in
the prLparaiion of the financial statements is appropriate.
Based on ¢h¢ Work. we have performed, we have not id¢ntified anv material un¢ertainties Trlating to ¢vent5 or conditions
that, individuall), or ¢olleclivelJ', may ¢ast sigynifi¢ani doubi on the chariiy'5 8bilitS' to continue as a goin&7 conceni for g
period of at least twelve months from when the original financial slatements ￿ere auihorised for issue.
Oiir rcspon%ibilitlC5 and the responsibililies of the trusiees w'ith respect to 80ing concern are described iii the relevant
Sections of thi5 rtport.
Other information
The other infonnation Lomprises the infom)aiion included in ihe annual repon. oiher ihan the financial staieniei)ts ai)d
our auditor's report thereon. The trusiees are reS￿nsIble for ihe oiher infom)aiion. Our opinion on (he financial
statemenis does not cover the other infomiaiion and. we do noi express anv fomi of assurdnce conclusion thereon.
In connection with our audit of the financial statements. our responsibiliry is to read the oiher infom)ation and, in doing
so. consider ￿he1her ihe other infornia(ion is maieriall), inconsisieni with ihe financial staiements or our knowledge
obtained in Ihe audit or othen4ise ap￿arS (o be Ma￿rIallY mIss￿led. If ive identify, such material inconsislencies or
appareni material missiatements, we are required io deiem)ine ii'hether there is a maierial missthiement in ihe financial
statemenis or a material misstatement of the other infomiaiion. If. based on the work ￿¢ have perfomied, we Conclude
that there is a material missiatement of this other inforniaiion, we are required ￿ report thai fact.
We have nothing to report in this regard.
Page 20

University of Bradford Union
Independent Auditor's Report to the Members of University of Bradford Union (continued)
Matter5 on which we are required to report b). exceptlOD
We have nothing to report in respect of the follow'ing mailers in relaiion to which the Charities (Accounts and Reports)
Regulations 2008 require us io report to you if. in our opinion=
the inforniation given in the irusiees. report is inconsisieni in any maierial respect with ihe financial staiements. or
sutTicient accountitlg records have not been Lept- or
the financial statements are noi in agreemeni with the accounting records: or
wc have not received all ihe inforn)aiion and explanaiions we require for our audit.
Re4ponsihilities of trustees
As explained more lull}, in ihe Siaiemeni of Tn￿lees. Reswbnsibiliiies Isei out on page 19), the irustees are responsible
for ihe preparation of (he financial siaiemenis and for being saiisfied ihai the) give a tnje and fair view, and for such
intemal control as the Irusiees deiemiine is necessary io enable ihe preparaiion of financial Str￿n)ents that are free from
maierial misstaiemeni. wheiher due 10 fraud or error.
In preparing the financial siatements, the tyusiees are reswTrnsible for assessing the charity's ability ro coi)iinue as a
ioingy concern, disclosing, a5 applicable, matters relaied io gjoing concem and using the Ljoiiig concern basis of
accouniinki unless the ￿￿te¢S either In￿nd to liquidaie the charii}' or to cease operaiions, or have no realistic al¢eriiative
bul to do so.
Auditor Reiponsibiliiies for Ihe audii of iht financial sialtmeni.s
We havL bL'cn appuiniLd as auditor undL'r S￿110￿ 144 of dic Charities Act 2011 and report in accordaiice with
re&?ulalions made under section 154 of ihai Acl.
Oiir objectives are 10 ob¢oin reasonable assurdn¢e whaher lh¢ financial ststem¢iits as a whole are free froni
maicrial misstatement. wheihcr due 10 fraud or error. and 10 issue an audiior's report that includes our opinion.
Rcast>nable assurance is a high level of assurance. bul is not a gtsaraiiiee that ail audil coiiducied in actordancc wilh
ISAS {IIKI will alwa%s dciect a niaierial mi55tatemeni w.hen it exists. Misslaienici)Is cali arise fro1￿ fraud or crror and
are considercd material if, individually or in the aggregate. Ihey could re￿nabl) bc cxpccied to ii)flucnce the ecoiioi)iic
decisiorts of users taken on the basis of these financial Statements.
Irre&Fularities. including frdud. are insiances of non-compliance wilh laws and regulations. We design procedures in line
with our responsibilities. outlined a￿Ve. io deteci maierial missiaiemenis in respeci of irregularities. including fraud.
The extent 10 which our proLedures are capable of deiecting irregulariiie& including Iraud is detailed below.
In planning and designing our audit tests. we ideniifv and assess the risks of maierial misstaiement within the financial
statements. whether due to fraud or error. Our assessmeni of ihese risks includes consideraiion of the nature of the
industry and sector, the conirol environmenl and ihe business perforniance along ￿'1th ihe resulis of our enquiries of
management. aboui their own ideniificaiion and assessmeni of ihe risks of irregulariiies. We are also required io
perfomi specific procedures to respond io the risk of managemenl override.
Following this assessment we considered ihe OPTK)nuniiies and incentives thai may exist within the charity for fraud
and identified the greatesi potential for fraud to be in sales comple*ness, Cut off. and cash and bank balances.
We also obtained an understanding of the legal and regulaiory frameworks that the charity operares in, through
discussions with trustees and other managemenL and from our commercial knom'ledge and experience of (he sector in
which ihe charit}. operaies, io enable us to ideniifj, Ihe kes laws and regulations applicoble 10 the Charity. Il'e focused
on spccific law5 and rcgulations M'hich M'c considered mav have a dircct Inatcrial cffcct on thc finaiicial statcincnts or
thc operations of the charity. Charities SORP IFRS 1021. laxation legislation. dath protection, anti-bribery, employinent,
cnvironmental and health and safcty. Icoislaiion.
Page21

University of Bradford Union
Independent Auditor's Report to the Members of Universit), of Bradford Union (continued)
We then performed audit procedures after consideraiion of the above risks ￿h1¢h included the following..
r¢vieM'ing third pty univ¢r5ity d￿W￿en￿IiOn to d¢trrmin¢ in¢om¢ allocated in the ¢orr¢ct p¢riod,.
confiming that the funds have been correeily aecounied for within the accounts:
reviewing cash and bank reconciliations. and carying oui substsntive iesting on cash income and cash payment
transactions:;
reviewing systems and contro15 to ensure they are working effectively-
enquiring of management concerning actual and poieniial liiigaiion and claims.
performing ana1￿ical procedures io ideniify any unusual or unexpeC￿d relationships that may indicate risks of
material misstatement due io fraud..
reviewing Lorrespondence with I IMRC. Universitj. of Brddford and th¢ charity's l¢gal advisors:
reading minuies of meeiings of those charged with govemance: and
in addressink the risk of fraud through management ove￿Ide of conrrois, testing the appropriateness of journal
eniries and other adjustnicnis. asscssing whether the judgcments madc iii makinLi accoui)tingy csiimates arc indicative
of a potcntial bias,. and cvaluaiing ihe business rdiioi)ale of any siwificani transaciions thai are unusual or ouiside
the i)ornial course of business.
All enbaBement team metnbers were inforni¢d of the relevant laws aiid r¢&iulaiions and poienlial fraud risks at Llie
planninbj slabje alld reminded to remain 81¢rt to indications of frdud or non-coIMplian¢¢ H'iih laws aiid re&Tulations
Ihrougyhout the aLidit. The erh&?abJetnent partner ¢nsurtd that the engagemeni ieom ¢olle¢tivel}' had the appropriate
ornp¢l¢n¢¢. capabili¢ies and Skills to identify su¢h iienis.
-1.hcre are inherent limitations in our audit procedures described above. The more removed ihai laws and re&Tulaiithi)s are
from financial transactions. the less likely it is thai we w'ould become aii'are of non•¢on)pliance. Auditll)bT Standard5 also
liniit the audit procedurc5 requircd to identify thonthcompliance with laii's and rcgulaiions to enquiry of the tn15tces ai)d
other management and the inspection of regulatory and legal correspondence. if any.
Material mis5taiemenis that arise due io fraud can be harder to delect than those that arise from error as they may
involve delibcratc concealment or collusion.
The extent 10 which our procedures are capable of detecting irregulariiie& including fraud is detailed below..
A further description of our respon5ibililies 15 available on the Financial R¢p(Trrting Council 5 website at..
.fr¢.org.uklauditorsresponsibilities. Thi5 de%riplion fonn5 Port of our auditor s report.
Use of report
Thi5 report 15 made solelv to the charity's trustees, as a Wv. in ac¢ordan¢e with Part 4 of the Charities (Account5 and
Report51 Regulaiioll5 2008. Our audit Mork ha5 been undertaken so that w'e might State to the charity's trustee5 those
matters we are required to State to them in an auditor s ieport and for no other purpose. To the fullest extent pemilted
b>. law. we do not accept or assume re5pollSLbilit)' lo an>'one other than the charit), and the charity'5 trnStee5 a5 a body,
for our audit work, for this report, or for the opinion5 we have fornied
Watson Buckle Limited {Senior Statutory Auditor)
Chartered accountants and Registered auditors
Bradford
5 March 2024
Page 2?

University of Bradford Union
Stydtement of Financial Activities for thc Year Endcd 31 Juty 2023
(Including Income and ETpenditure Account)
Unrestricted
fund5
Restricted
funds
Total
2023
Total
2022
General
Note
Incom¢ and endowments from
Donations and legacies
Charitable aciivilies
Oth¢r incom¢
1.402,114
55.696
7.466
101.657
1.503,771
55,696
7.466
1,447,227
46.881
7,394
Total income and endowments
1.465.?76
101.657
1.566,933
1,501.502
Expenditure
Raisin& funds
12.570)
(2.5701
12,914)
Charitable activiiies
Other
11.504.??2) (109.364) 11.613.586) (1.518.992}
18.6841
18.6841
{4,144)
Total expenditure
1.526.(15U)
Nel cxpcndiiure
-I'ransfLrs between funds
{47.6301
19.?331
110,277)
9.233
157,9071
124,548)
Nei movenient in fLinds
57,907
24,548
Reconciliation of funds
Total fLind5 broubTht foNard
Total fLinds carried forward
42? 639
7.786
430.425
454.973
365.776
6.742
372.518
430.425
All of the Charity s activities derive from continuing operJlions during the atKTrV¢ two period$.
The funds breakdown for 2022 is shown in note 10.
The noies on pages 25 10 36 forni an iniegral part of these financial sthtements.
Page 23

University of Bradford Unio
(Rwstr4tion npmber: 1148622)
Balance Sheet as at 31 July 2023
2023
21122
Iyote
Filed i$s¢ts
Tangible assets
Current assets
Debtor5
Cash at bank and in hand
13
1,968
4,581
14
58.772
556,054
63,353
1,138,632
614.826
1201,985
Creditors: Atthounts falling due withill ye*r
15
1?44,276
1776,141
Net current assets
370,550
425,844
Net assets
372.518
430.425
Funds ofthe ehArliy:
Restrleted intome furtdg
Res¢ri¢ied funds
6.742
7,786
Unrfstrlcted Income
Unrestricted funds
365.776
422.639
Total funds
16
372,518
430,425
The financial staiemettts on page$ 23 10 36 were appYove4 by the trustees, and authorised for issue on 5 March 2024 and
Signed on their behaifby:
l Tabassum
Trustee
G6f&dgkns
G Bradshaw
Trustee
Th¢ notes on pages 25 UTr 36 an ifflegr￿ part of these fuJan¢ial statemet￿.
Pdge 24

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 Jul) 2023
l General information
The entiry is an unincorporaied regisiered charity govemed by their ¢￿S[L￿tion.
Their regisiered address is..
Siudeni Ceniral
Richmond Road
Bradford
Wesi Yorkshire
BD7 IDP
2 Aeeountini polleies
StHtement of coN]pliunc¢
-I'hc charity coiisiitUlLs a public benefii eniiTh' as defined bi, FRS 102. The financial siaiements have been prepared in
accordance wilh Accounting and Reponing by Chariiies.. Siaiemeni of Recominended Practice applicable lo charities
preparing) Iheir accounts in accordance wilh ihe Financial Rewbning Siandard applicable in ihe LIK and Republic of
Ireland issued in October 2019. the Financial Reporting Standard applicable in the Uniied Kingdoiii and Republic of
Ireland IFRS 1021. the Charities Act 2011. and UK Generally Accepted Accouniing Praciice.
Basis of preparation
ThL IinanLial staiemLnis are prepared on a going concern basis under ihe hisiorical cosl convention, modified to include
certain items at fair value. The financial siaiements are preSen￿d in sterling which is the functional currency of tl)e
Iharity.
The charity constiiutes a public benefil eniity as defined by FRS 102.
Fund $trueture
Unrestricted income funds are general funds that are available for use ai ihe tTusiees' discretion in funherance of the
objectives of the charity.
Resiricted income funds are those donaled for use in a particular area or for specific purposes, the use of ￿'hICh is
restricted to ihat area or purpose.
Income and endowmtnts
Voluntary income including danaiions. gifts. Icgacies and grants that provide core fuiidii)g or are of a gciicral iiaturc 15
rccngnised M'hen the charity has entitlcment to the income. it is probable tliat tlie income will bc rcccivcd aiid tlie
amount can be measured with sufficient reliability-
DDnatioMs und legacie5
Donations and legacies are reCO￿lsed on a receivable basis ￿.hen receipt is probable and the amount can be reliably
measured.
Grunls receii'able
Grants are re¢ognis¢d w'hen the chariry. has an eniitlenient t(Tr the funds and anN' ¢ondiiions linked 10 the granis have been
mei. Where performance conditions are attached to ihe grani and are yet io be meL the income is recogni5ed as a
liabilitv and included on the balance sheet as deferred in¢ome w be released.
Page 25

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
Deferred income
Deferred income represents amounts received for periods and is released io incoming resources in ihe period for
which, li has been received. Such income is only deferred when=
The donor specifies that the grani or donation musr only be used in fuwre ac¢ounting periods; or
- The donor has imposed condition5 which must be mei before the clwiry Iw unconditional entiilement.
Otlier Iradln¥ oclivliies
Income from generating funds includes incoTne recognised carned.
Churiluble aclivilles
Income from charitsble aciiviiies includes income recognised as earned.
Exptnditurt
All expenditure is recognised once there is a legal or construciive obligaiion io thai expenditure. it is probable
setilenieni is required and Ihe aniouni can be measured reliabl).. All cosis arc allocaied io ihe applicablc cxpcndirure
headingi Ihai a&giregaie similar cosis to thai caiegory. Where costs cannoi be direcily aiiribuied io panicular headiiigis
Ihev have been allocated on a basis consisieni M'iih the use of resources. wilh Cen￿al ststrcosls allocated oil the basis of
iinie spent. and depreciaiion charges allocated on the ponion of the assei"s use. Other support cosis are allocaied based
on the spread ofsiaff costs.
Rql.Flnxfund.
Thcs¢ arc costs in¢iiffed in aiira¢iing volunlary income and those incurred in trading activities ihat raise funds.
Clifirliiihle fjcilvlile.I
Chariidble expenditure comprises Ihose costs incurred by Ihe chariiy in ihe delivery of its activities and services for ils
beneficiaries. It incliides ix)Ih costs thai can be allocated directly 10 such activities and ihose costs of an indirect i)aiure
necessary io support them.
Grunl &Ypendllure
Grants pavable are pavments made to third parties in the fvrthernnce of ihe charitable objectives. Where the charity
gives a grant w'ith condiiions for its payment being a specific level of service or ouiput to be provided, Such gTants are
onlv recognised in the SOFA once the recipient of Ihe grani has provided the specific service or output.
Grants pavable withou¢ peTfornian¢e condiiions ore onl). recognised in the accounts when a commitment has been made
aiid th¢re are no ¢onditions to be mel relatijig lo the granl which r¢niain in the control of th¢ charity.
Granlprovi.iion.
PTOViSiOnS for grdnts are madc when the intention to make a grant ha5 been communicated to the re¢ipiei)t but there is
unLertaintJ' about either the timin¥ of the ¥rani or ihe amount ofgrant pal'able.
Going concern
The finanLial statements have been prepared on a going concern basis Mhich assumes that ongoing financial support
ill be provided bj. the Univer5lty of Bradford and accordingli, do noi take account of ddjustn)ent5. if any. which may
be necessary if the University of Bradford Union M'as unable to continue as a going concern.
Taxatio
The Lharily is considered to pass the tests set out in Patagrnph I Schedule 6 of the Finance Act 2010 and therefore it
meets the definition of a charitable companv for UK corporation thx purposes. Accordingl),. ¢he chariti. is po￿ntiallY
exempi Irom taxation in respeci of income or capithl gains received ￿1th1n ca￿gorieS covered by Chapter 3 Part I l of
the Corporation Tax Act 2010 or Seciion 256 of ihe Taxaiion of Chargeable Gains Aci 1992. to the extent thai such
income or gains are applied exclusively io charitsble purpxtses.
Page 26

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
Tangible fixed assets
Individual fixed assets costing £l.O(M) or more are iniiiall). recorded at cos( less any subsequent accumulaied
depreciation and subsequent accumulaied impaimieni losses.
Depreciation and aniortisation
Depreciation is provided on tangible fixed assets so as io write off the cost or valuation. less an) estimaied residual
value, over their expected useful economic life as follows..
Asset class
Furniture and equipment
DepreciatlOD meth¢KI and rate
250/0 straight lin¢ basi5
Key sources of estimation uncertainty
The Lh4Lrily nikikes e5titnales and assumplions ¢on¢miing th¢ futur¢. Th¢ resuliin¥ 3c¢ounting estimat¢s will. by
delinilion, seldom equal the r¢lai¢d actual results. Th¢ ¢51irnales and assutnptions Lhal liav¢ a significant risk ofLausiiig
material adjiistm¢ni to th¢ ¢aryirhg arnounts of as5¢1s and liabililies within ihe n¢xt fLnai)ciHI J¢ar arc addressed
below.
Useful economic lives of tangible asseLS
The annual depreciation charbje for tangible asseis and their carrying amounl is deiermined bv ihe esiin)ated uselul
econoniic lives and residual values of ihe assets. The useful etonomic lives and residual values are re-assessed ai)nually
and amended when necessary 10 retleci curreni estimates. based on iechnolob>ical advancemen(. fuiure inves(Inei)Is.
econoniic utilisaiion and the physical condition ofihe assets. The carrying amouni is £1.9681?022- £4.581).
Impairment of debtors
Thc Lharily niakcs an estima￿ of the recoverable value of irade and other debioTS. When assessing the impaim)eni of
Irade and oiher debioTS. managpemeni considers facioTS ￿h1¢h include ihe curreni credii raiing of (he debtor, the a&Feing
prolile ol-debtors and hisiorical experience. The can)'inb7 amouni is £?1012022 £4,590).
Debtors
Debtor5 are recobTni5ed initiallv when they become due at ihe trdnsattion price. They are 5ub5equently measured at
an)0rt15ed cost L15ing the effcctivc inierest rate meihod. Ic55 provision for inipaimient. A provi5iol) for impairiMei)t of
debtors is established when there is objeciive evidence ihat the charity will not be able to collect all amounts due
aLLording to the original temis of the debtor5.
Cre(litors
Lreditors are obligations to pay for good5 and servi¢e5 thai have been acquired bv ihe ¢harirv. Creditors are initially
recognised at the transaction price and subsequently measured al amortised cosi using the effective interest method.
Cash and cash equivalent5
Cash and cash equivalents Comprise cash on hand and call deposits, and other short-iemi highly liquid investments that
are readil). convertible to a known amouni of cash and are subjeci io an insignifican( risk of change in value.
Page 27

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
3 Donation5 and legacies
Unrestricled
funds
Restrlcted
funds
Total
2023
Total
2022
General
Subvention
Cotnpetilion fees income
Donations froni individuals
Grants
1.402.114
1,40? 114
90,(M)O
1.907
9.750
1,342.904
90,000
2,564
11.759
1.907
9.750
1.40? 114
101.657
1.503.771
1.447.2?7
4 Income from Charitable aetiviiies
Unrfstricted
fund5
G¢n¢ral
Tot81
2023
Total
2022
Sport clubs membership fees
Trips
NUS
Events
28.5?3
1.686
566
24.9?1
28.5?3
1.686
566
?4,9?1
22,237
4.147
591
19,906
55.696
55.696
46.881
S Other income
Unrestricted
funds
General
Total
2023
Total
2022
Sundry income
7.466
7.466
7.394
7.466
7.466
7.394
O Expenditure on raising funds
a) Cost5 of generating volunlary income
Restricted
funds
Total
2023
Total
2022
Donations
2.570
2,914
2.570
?.570
2.914
Page 28

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
7 Expenditure on Charitable ActiTr'ities
Unrestricled
funds
Restrlcted
funds
Total
2023
Total
2022
General
Attiviiies undertaken directly
Staff c0515
7,311
949
7,311
687.507
1.871
60,318
6.649
78,544
10,627
581.435
39,858
1384)
99.233
3.839
23,412
13,020
807
14611
686.558
622,322
4,398
51,770
4.761
Clubs and societics
Cjrant funding of activities
Markcting and publiciry
Events
Student representation
Establishment costs
Adtninistralive expense5
Bad debts writien off
Competition expenses
Trips expenses
NUS Lxpenses
Auditors, remuneration
Le&Tal fees
I￿¢¢0Verable inpu¢ VAT
1.871
00,318
6.649
78,544
10,627
581.435
39.858
(384)
8,326
570.U.$5
43,620
99.233
102,283
21.334
21.064
9.100
967
I 1.000
3.839
23,412
13.020
807
{4611
1.504.2?2
109.3fA
1.613.586
1.518.992
Page 29

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
Grant-rnaking
Analysis of grants
Below are details of material grants made to Inslitutions.
2023
2022
Name of institution
Football- Mens
University of Bradford
American Fooiball
Volleyball
Rii¥bv League
Badtninton
Basketball - Women5
Hockey Mixed
Squash
ITS- Islamic Theology
Cheerleadins
Fen¢in
Baskciball - Mens
Tranipolinin
Tennis
Individual grants to institutions under
£1,600
4,127
5,009
5,000
4,751
4,566
3,788
2,429
2.327
10,150
3,550
4.310
3.208
1,726
2,006
1.708
1.699
1.572
2.583
3.656
4.867
19.273
60.318
14.814
51.770
8 Other expenditure
Unrestricted
funds
General
Total
2023
Tot81
2022
Depr¢¢iation, amortisation and oiher similar ¢osts
8.684
8.684
4.144
8.684
8.684
4.144
9 Iyet incomingloutgoing resources
Net outgoing re50urce5 for the year include..
2023
2022
Audit fees
13,020
9,100
Page 30

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
10 Tru5tee5 remuneration expenses
No trustees have received any reimbursed expenses from the chariry during the year.
The trustees received remuneration in relaiion to iheir role as a swdeni union olTicers, not in their role as trustees. They
are paid in accordance wilh the constiwtion.
2023
2022
Remuneration
Remuneration
O Onikan
3.285
R Oloninfemi
2,107
l Ahtnad
21.214
22.568
22,748
S S M Akhiar
21.640
21,640
A S Malik
A Abdussalam
25.069
3.150
HPKhan
23.574
23,574
l Taba5sum
3,045
Total
95,818
97,794
I Staff costg
The aggregate payroll costs were as follows..
2023
2022
Recharged Staff tosts during the )'t#r wtre:
Wage5 and salarie5
Social security costs
Pension costs
Other stalycosis
560.290
44,496
70.010
496.837
39,467
75,417
10,601
687.507
622,322
The monthly average number of persons (including senior management I leadership ieam) employed by ihe charity
during the year expressed as ￿11 time equivalents was as follows..
2023
P40
2022
P40
Average number of staff employed
35
The number of employee5 Who￿ emoluments fell within the following bBnd5 was=
2023
2022
£60,001- £70,000
The total ernployee benefits of the key management personnel of the charity were £69,460 (2022 - £66,108).
Page31

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
12 Taxation
The organisaiion is a registered chariry and is. Iherefore. exemTM from thxation.
13 Tangible fixed #55ets
Furnilure and
equipment
Total
Cost
At l August 202?
70,381
70.381
At 31 July 2023
70,381
70.381
D¢preci¥tion
Al l Augjusl ?0??
Chargy¢ for ihe year
65.800
?,613
65.8(K)
2.613
Al 31 July 2023
68,413
68.413
Net hook value
Al 31 July 2023
1.968
1.968
At 31 July 2022
4.581
4.581
14 Debtors
2023
2022
Trade debtors
PTepaymen15
Other debtor5
210
54.508
4.054
4,590
54.709
4.054
58.772
63,353
Page 3?

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
Debtors includes £36.42812022.. £42,499) receivable after more than one year.
2023
2022
Prepayments
36.4?8
42,499
IS Credltors: Amounts fAllin2 dut within otht vear
2023
2022
Trade creditors
Other taxation and social securily
Oth¢r crcdi¢or5
Accruals
Deferred income
18,941
37,167
82.912
12,745
92,511
3,282
38.-547
91.784
12,068
630.460
244.?76
776,141
Included in the other creditors above are the monies held on behalf of the siudeni clubs and societies amoui)iinb) 10
£81.477 (2022 £91,791 l. During the year ihe charity received funds of £81 ?36 and paid funds of £70.520 01) behalf of
the clubs and socieiies.
2023
2022
Deferred income ai l August 2022
Resour¢es deferred in the period
Amounts released from previou5 periods
630.460
92.511
630.460
1,330
629.880
1750
Deferred income at year end
92,511
630.460
Page 33

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
16 Funds
Balance #t I
Augusl 2022
IncotNing
resources
Resources
expended
Balunce ¥t 31
July 2023
Transfers
Unrestricted fund5
General funds
42?.639
1.465.276
(1.51 ?.906)
{9.233)
365,776
Restricted funds
Subvention for ¢ompetitLoris
Take A Hike Lottery Fund
Rag
Your Turn Programme
Arthur Williams Creative
Fund
Braduate Fund
Funds 4 Runs Womens
CriLkei
Brad-iCOVNT Fund
90.0
9.750
1.907
{99.2331
9,233
2.439
425
241
1.088
(2.570)
(9101
1.26S
1.530
(9611
304
1,530
25?
2.5(M)
?52
(9491
Restricted funds
7.786
101.657
9,?33
6.742
Total funds
430.425
1.566.933
1.624.840
372.518
Page 34

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
Balance at I
Augusl 2021
Incoming
resources
Resources
expended
Balance at 31
July 2022
Transfers
{A$ rtttated)
Unrestricted fund5
General
435,586
1.397,179
{1.395,6481
{14,478}
422,639
Designated funds
Take A Hike
5.413
{5.413)
Tol81 unrestricted fund5
440.999
1.397.179
(l.i95.fA8)
(19,891)
42?,639
Restricted funds
Subvention for ¢omp¢lition5
Athleiic Union
Rag
Your Turn Programme
Arthur Williams Creative
Fund
Braduaie Fund
Flind5 4 Runs Womens
Cri¢k¢l
Climate Action Fund
WYCA - Walking? & Hiking
WYCA - Safer Streets
Brad-iCOUNT Fund
90.0
(102.283)
(1.509)
(?.914)
(8291
12.283
1.509
1.438
1.980
2.564
1.088
1.49)
2.428
(2251
(8981
.265
1.530
2.698
2.431
(2.446)
(2.431)
{11,867)
(5,000}
252
4.?59
5,0(K)
2.5¢MI
7,608
2.500
Re5trict¢d funds
13.974
IIH.323
130.402}
19,891
7.786
Total funds
454.973
1.501.502
11.526.050}
430.425
17 An#lysi5 of net A55et5 between furtds
Unrestricted
funds
General
funds
Restricted
fund5
Total funds
Tan¥ible fixed assets
Current assets
Current liabilitle5
1.968
608.084
{244.276)
1.968
614.826
{244.276)
6.742
Total net assets
365.776
6,742
372.515
Page 35

University of Bradford Union
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
18 Related partv transactions
During the year the charity made the following relaied pajry transactions..
The University of Bradford
The University of Bradford has significani influence over ihe union by virrue of its relaiionship as sponsoring
organisation.
2023
2022
Arnount5 received from Tbe Vniv¢r51t>' of Brndford
Subvention
.402,114
90,000
1,342.902
90.000
C(Trmpeiition fees income
Other inLome
2.252
17,Oli
Amount5 paid to The University of Bradford
Rent
553,869
537,737
Salaries
674,796
609.402
Other costs
12,420
20,029
Am(trunt.$ due {toVfrom The Universltv of Brndford
Amuunt duc Iroin
4.974
Siibvention received in advan¢e
92.511
Page 36