Roglstered iiuiiibeF', 07623621 Charity numboi": 1149397 Che5tef sivdents, Unlon Ti'ustees, RepDrl tsnd Financiul Stoiernenrs For the Yeor Endecl 31 July 2025 INS rf AUDIT Chester Students, UE)lon (A C¥mpony Llmlted by Gvarantee) Contents Paga Reference and Adminlstrotive Details of the Company, lis Trusiees and Advlsers Trustees, Fieport Trustees, RÈsponsibilltl¢s Stoiement Independent Exominerfs Report 10-11 Statement of Finoncial ActSvitles 12 Bolonre Sheet 13-14 stotement of Cash Flows 15 Noies to the Financial Statements 16-31 Chester Stvdents, Unitsn (A Compony Limited by Guoranteel Reference and Adminlstrative Details of the Company. it5 Trvstees and Advlsors For thÈ Year Ended 31 JL*ly 2025 Trustees Lourei) 8eckeii Grohom Briscoe LlllioTr Watson. Pi'e%ideni Summer Ainscotsgh IresigrEd 30 June 2025) Stephen Docking. 08E Edwaid Rigby Dennis Ncglnley Youssgt Sennou (resigned 31 (kiober 20241 Toluwoiii Aliu (resigned 31 Oclober 2024) Jeollnie Fronce-H£Jyhursl (resigned 30 June 20251 AdedcJyo Adebisi (resigned 4 July 2025) Luis Correio (oppoinied 7 July 2025) Lynclc>n Howson loppointed 14 Jonuaru 2025. resigned 24 Morch 2025) St￿9110nQS Uribe (oppolnted 14 Januoru 2Q25. ieslgned 30 June 2025) Willioiii Goiiies loppolnied l Julu 2025) Je5slco Thoinos (oppointed 14 Jonuary 2025) Compony reoi5tpre¢J number OJ6236 Charitu registered number 1149397 Registei*d office Porkgote Road. Chester. CHI 4BJ Chlef ex£cutive officer J Moi'ris, CEO Accounlant5 Ooins Audil Limlled. Suite 2. Alblon House. 2 Eirurlo Offlce Vllloge. Forge Lone. StokÈ on Treiil, Staflordshlr4 STI 5RQ Poge 1 Chester Student5, Uiiiij (A C.()Inpaiiy Limlted bu Guorontee) Trustees, Report For the Yetjr Ended 31 July 2025 Chester srudents. Unlon, olso often releried to 05 'CSLI' or 'tlie Union.. IS o meinbeiship orgoni501ion ond charltable CDmpony limited by guoi antÉt The Trvslees present IhElr onnuol re.porl logelhe.r wlh Ihe independentlu ¢xomined finoncial siolemenls of tlie coinpaiiu loi. tlie yeoi. 1 Augu512024 to 31 July 2025. The Trustee5 ¢.onlii'm thoi the Annvol Reporl ond fin0nc￿l stotements ol the compony comply witli the curi'ent 51olulory I'cqulrements. the requiieirenis ol Ihe coftipany'5 governing document oiid the provisions ol the Slolemenl of Recommended Praciice ISORPI. opplicoblÈ to cl?ofilies preporing rheir occoumrs In occordoncc wii4 Ihe Finonclol Reporting Stondoi"d opplicoble In the UK ond Republic of Irelancj IFRS 102) (effecllve l Jonuory 20191 os tsmendod by Update 8ulletin 1 {effeclive 7 .lanuoi'y 20191. Pollcles and Objectives The Objecls of the Union fobjects") ore the odvoncemeni of educotion of Students ot Unlversity of ChÈster for the pobllc benefir bu.. Promotino the Inieresis ond welfore of Students ot Univer%ity of Ch￿ter durlng theli" course of study ond represenliTr9. SUPPOrting ond advising Students 8eiThJ tlie recogoised representolNe chonnel between Student.% ond University ol Chestei. ond any othei. exleynol bodies Providing sociol. culluiol 8porlin9 and reci'eotionol odivilies ond fo*-ums lar discuss￿rnS debote for Ihe personal develapment of its Students Strategic report a. Policies ond oblectives Chester siudenis. (CSU) reprÈsÈnis OPDroxlmotely 15.000 student members offering rTTrechonisms to collect, ond act upon student feedbock. even15 socictll support. o(Jvice on ocodemic concerns ond student led compoigns. The Obiecis of thc Union ("Objecis"l are Ihc odvancemenl of educoiion of Studenis ot Unlverslly of Chcster for the publt benelll by.. Pi'omoting the intere51S ond welfore of students or Unlversity of Chester dvring Ihelr course of study ond iepresenllng, suppoi-llng ond odvlsing students Beino the recognlsed representotlvÈ chonnel beiween studevts ond Unlversliy ol Chester ond other externol bodle5 Providing SO￿.a1, Cultural. sportlno ond recreotional octivilie5 ond forums for discussion5 ond debote for tho pei'8onol developTneni of Ils Sludents b. Maln octivitlE$ undertoken to further the chorily's purposes for the publ]¢ beneflt CSU sioff ond its Ti"ustees ensvrp the oroonlsollon is focused on Ils pi"Imory pvi'po8e of Ihe odvoncernent of the edvcotion of 51udenlS oi Ihe UnlvL'I-5ity of Chester oiid the Boord oc15 with due reocrd foi- the requirements under the Chorifies Act lo ensure 11$ actlvllles meet Ils obligolions Ivirh regard to public benefii. The remoinder DI thi5 report I"efleclS the octivlty un6ei'token to meei Ihese Objects bu CSU In 2024-2025. Poge 2 Chester Student¥ Unioii (A Companu Limited by Guoranteel Trustees, Report (COF)tinued) For tl)e Year Ei)ded 31 Jvly 2025 Strategic report (contin￿ed} {contlnuedl Student Advice 705 Students suppoiled through Uoc Stucjeiit focing procedui-es (56% Increose from 23/24) 665 In-person ond Teoms opwintinenl%. {187% inci.eose froin 231241 96% sold Ihol they leli niore confldent In hondliiig ihelr Issue. 98% studenrs who hove usecl the seivlce wovld recommend the service to o ti'lend. The Introduciion ol o sivkiTrg plorforin hos led to a sigftilic.onl rLse 11) both the number of students occessing supporl ond the p051tivé fetdbock received. Qvero51 the Advice Service morraged 847 new coses ond student enoviries by rhe end of July 20?5. compttrÈd to 515111 the some perlod in 2023/24_ demonstroting both the growno demond for ané the effectiveness ol Ihe service. Opponuniiies Events 8641 ottendees al CSU led coinmuniiu events (131Qh Increase tQTm 23/24) 69¥1 ollei)dees sold they mo£fe o ntw Iriei)d ol CSU led event5 Willi on exponded pi"ogromme durlng the Welcome pÈiiod. oltendonce rose fo 6.375 students. up fiom 2.2B7 in ?023/24. Higli levels of enthvslosm for key evÈnts encouraged CSU 10 deliver o yeor-round pi'ooramme across comi)uses ond ceritre5. resultin9 In 8.641 toiol oiiendees over the yeor compared wilh 4,574 brt 2023124. This growth cletMnsirotes the 5trc)ng deinond foi. communily-buiiding actlvilips tsi)d the role of CSU events In strenglhenlng siudent bek>nglno ond enoogemenl. Socleties 74 siudenl led Socielies (32% Intrease from previous yeorl 244 Stud￿[sIn leofjership role$137% Increase fi.om prevlous yeor) 1599 Members (38% inJEOSe from previou5 yeorl Thls year hos seeii Strong growrh in Lioth the nuii)l)er of stL,deni-led socitr.lles and Ilieir membeiship5. wirh 74 societles compored 10 56 In 2023/24. The most signilicafti orowih h05 in ocodetyilc-bosed socicti¢s. whicli hove played o key role In bulldinu conneclions oftd ￿rengthen1￿9 students. sense of belonging wilhln Iheir subjeti communltles. student Volce 487 oiieiidees cti ccfflpgon and event activitles 335 Siudent Voice Reps ieci uiied ond 180 11-0￿fted 5 Dew Studenl Voice Porlners recruited 1117 noininorioiis I"eceived 1839 owurds, on 850A increcse Pogè 3 Chester Students, Union (A Comptsny Llmited by Guarantee) TrD5tees' Report (continued) For the Yeor Elided 31 July 2025 Strategic report (continued) (ctsntinuedl ?024125 sow the iiitrodvcllon of o new Stuoenl Voice Portneis 5chÈme. Tl)ese flve poicj student lothdei" rale5 were iecruiied 01 School level withln 11?e Foculty of Huinanilie5. Arts 01)d Sociol Sciences bAih Ihe oim ol colleciiftg Siiident voice ond feedbock fi.om studeni Voice Repre5entolives. surveys csnd oiher schemes ot coJr5e level ond en5vring aciioiir nie token ond feedbock loops L)re closed. Tliese SVPS olsc> goinÈd voluable leodeF5hip trolnirng ond regulor one io one support wilh Qui- Studenl Voice Cog1 dinoior. The tiiol proved svccessful oiid uiwg 10 l-oll Out fur*her ne%1 acodemic yeor CSU hosted its finol rontee) Trustees, Report (continued) For the Year Ended 31 July 2025 Strotegic report (continued) (tontliiuedl The Officer Teom's work ieflecied Ihelr core ethos of creoiing oppDrlvTriliEs. (JdvocotirTru for chonge. 01)d choi)Iprf)ning the student volte. ensurli)g CSU iemoins a slroi)g representolive and support body for ils iiiembei% c, Interim opèrotional plan CSU focused oli elghi pri0151y orea4 thi8 yerAr In preporoinn for lounthing our new five-yeer strotegy Irom August 2025. Strateglc direction CSU consulted with %tudei)Is on Ilie lulure dlieclion ol the 0rgoniso1￿n oiid used theli feedbock 10 foi-ln Ihe ba515 of Ihe new str¢>leiJy This wos further scrviinised by CSU stofl tsnd irusle8s before finol agreemenl was reoched. The slraieoy wos lounched frorFT Au(Jusi 2025 Dota confidence- Through Ihe use of doia doshboords ond re9ular inpuifing CSIJ hove developed more occurote and perlineDI dolo sets w1th thich lo meOSLkie ond report Impoct. Thls will be lurthei" enhonced with tl)e purch05e of o iiew Membershlp servI￿s ploilorm. Rubiic. froin August 2025 Enyogenieni wSth demgcrocy - 2024-2025 saw liigh£r votei" iui.nout tlii'ough mtsre torgeied owo¥eness rolyno nd a recognlsable election brond. 4. Orgoniststionol values Along51de tl)e straleoic directlon. staff oncl trustees olso ogreed the new Shttr￿ volues of the oi'gonisuiioo wliich wei-e odopled fr-om Moy 2025 CSU is an oroonisatlon thot Is pi'oocllve. colloboi-otive ond Inclusive. rhe culture ond ethos of CSU wos recognlsed In the resvlis of on externol slolf SUTVÈY itsnducted ihrough NVS Chorily where CSU perforinÈd beiier almosr all questi￿$ wli¢n coinpored with studeni unbn ond Ihird sector benchmorks Bronding - (SU belleves the logo is o cleor ond recognlsed brand for our student members oncj so we chose tts keep it, we hove olso adopted 'colouiful threods. tlioi I'epresenl our dlffei'¢nl serwces ond ottwlties to further increo5e our d1511nct brai￿ recognllion. 6. Preserice This branding wos evidenl in Ibe tfCKlest redecoroiion of ovr SI￿dent spoce on Exion Pai k ond development of our webslte. Further work on engtsgirtg wltli studen15 on oihei compuses and siies needs to loke ploce Is port of our siroieglc commitm.ent from next yeor. 7. Student v￿¢￿ Iii oddltion to the eslobli5hed Student Volce Aepresenlotives sclienie thut CSU ui)derroke5 in partnprship Ilie Universlty of Ch&siÈr. Ihis yeor cllso saw Ihe Introduciion of ne%v Studer)I Voice Portners In Ihe Faculty of Arts. Humaniiies ond 4ociol Sciei)ces who were iespons1ble for ensui'ing feedbock fi'om studÈTirs was belng actloned We wlll be I"olling thFS Out fui1her nèxi ocodemic yeoi.. Beloriging - CSU I'ecoonised the neÈd for slltdents to lind oppoilunilies 10 connÈci will) like-mlnded pewl¢ ond Iruly feel they beloiig 10 the Unlver51tu ol Chester communily Our eiigogemenl Incieused In evel-y oiea ir)cludiiig. for exoftiple. Il)e number o15tudÈnls ollendh)g CSU led events or the number of sludent-led socletie Poge 5 Chesier Students, Union (A Compony Liniited bu Guoruntee) Trustees, Report (contiiiued) For the Year Ended 31 July 2025 5trateglc report {continued) {continuedl d, Future developments- Our new 5trategu CSU Is exciied lor the Ivlure. we ore driven by the belief thot everq sludent deserves o unlvei'slty experience Ihol IS rewording, empowerlng, ond equlloble As o proud port of the IJOC coTrinunily. we exist lo repre*n.', suppori ond o(fvocoie Qui. stiJdeiii memb¥is. ensuri4g IhÈir voices erè l)eaid oiid Iheli- neecls ore mei, ood new vision Is ombllioiis yei deceplivdy &Inp￿. Ylsion.. We wont 10 empower every 55ngle student Ihot studles ut the LJnlversi*y ol Cl)eslei' to thrlve throuohoui ihelr nive1"￿tY louiney (Jnd beyo1￿. Mtssion.. To othieve this. we believe every sludeiil should experience the value of. and benefit Irom enoogement with. Cheslei" Stuclents. Union thfough... Voice ond Empowerment . Shoring leedbock ond Icjeos. working in portnership with CSU tts engogè In declsfjon iokino thvl leods lo real change. Commvnlty ond Connection Estoblishing me(Inin9fyl connections. bJlldlng nelworks ond moklno Ihe m051 of opportunities Ihrough our societies ond ev*nt> Svpport ond Advococy - Prov5ding Iiniely ITKJependeilt odvlce on ocudemic. disciplinary ond houslng concerns to help stJdenls novigote chollei)oes conlld#nlly pers¢￿01 Development Goining or.d enhontlng voluoble skills through Doriiclpulion In caMpoign5. comrrillteès ond CSU led OCliviliÈs orid iroining opporiuniiies Th15 mission is underpinnecl hy our four iommiimenis 10 1 Ellectlve. sludertl-l*J govÉrnonce Ihoi prioi iiises Ifonsparency, occounlobililu inclusivity ro. ond for, our students 2. Prudeni tinonciol monogemp.nl lo grow ond sustoin ovi. Imwct yeor on gÉai' 3 Growiiig digital coDtsbllity and nioking dolo informed decisioris lo anticipote oiid respond to sluder.t needs 4 Building o workploce whwe our slalf feel volued. motivotÈd ond included Tl)15 new stroiefjy lovnched froni August 2025 Und will be revlewed In 2029-2030 ocademlc yeni". We o1s0 storl the new ocodem1c uetsr Wllh reciuiliiieni lo o brand-yew ¥ole of Studen1 Eri9ogeiiiei)l Mor)ooer wliich will help focus our Olleniion oo how be51 wti engoge witli ou¥ sludenl wembefs in metsningful. luii ond innovoiive wo4s Poge 6 Chester Students, Uiilon IA Cornpony Linitrted by Guarthiiteel Tru5tees' Fleport (continuèd) For the Year Ended 31 July 2025 Strategi£ report Icofritlnued) Flnonclol revlew . Golng concern After moking oppropriote eiiquiries. tlie tl U5tees l)ove o reosonoble ehpectatun t￿,01 the coinpony lTros odequole iesoui'ces io continue in operaiionol existence for. the foreseeoble Ibtui'e. For this ieosoi) they conlinue lo odopi the going concei'n basis in prepoiitig the ¢intJiiclul siolemenls Further deloi15 rÉgui'dii)g the udoplion ol the 9olng concerii bosls con be found In IhÈ Accounring Policies b. Financiol Review The detoll ol tlie 2024/25 tiiiantlol perfDrironce is d¢loLled lorer in Ihis doiumenl. For the yeoy ended 31 July 2025, the U net posilioii wos a nel Increose in fvnds of £1,35Ql. whicli increased ioia5 fut)fls Lo £180,265. strurture. governance on<5 munagement o. Constitutltsn Tlio compaiiu Is conslltuted vndEf o Trusi deed and Is a iegisiered chority {nurJibei 1149397). The Uni()n's diief govei nlng doiuments is (is Articles of Assoclotion. wliich wos possed by ¢n Annual Geiierol Meeiii)g of students on 12 Februoru 2024, this 15 svpp1Émenied by tlie minor governing dotument. Ihe Byelows of Chester Studenrs, Unlon which wos mosi recently reviewe¢J Sn June 2025. b. Methods of oppolntment oi. e1¢ct￿n of Trustees Oflicer truslBes Ol-e elected by bollol of ail full members of thè Unlon Student ond E￿erlia1 Truste￿ ore (tPPDlnled by tellow Trvslees IAQ)eri becoming Iruslees. oll trustees uiiclertoke on Iifiductlon ond Iroining progrom. svpplemenied wlth any further ond relevonl training foy Ihar role thai moy ￿ Idenllfied during Ihelr trysleeship. OrganisJtloncs1 structure ond decision mttklng The monagemenl of the Unlon is the responsibilitu of the trustee5 who ore elecled ond co-opted under the terms ol the Ti u51 deed. They have ultimote responsibility lor the g()vefnonce, ￿dget cjnd employnien.: Issues os well os the stioleg1£ direcllon of tlie Unlon. n)ucli tsl wliich is delegoled to offrers oiid srofl. Cui rently there ore no subcommittees The Board of Truslees comprises up to twelve trugiees mode up of Ihree elecied Oft￿er$. four exlernol iruslEes, one loy tl'U51ee noinlnoted from the universlly of Chesier Councll oftd Fovr Siudeni Irustees. c.14eltsted partu relrJtloi)shlps The ielation5hlp beiween UF)Iverslly of Chester ond Chester Students. Union Is esioblished in the Flegu1otians of 11)e University ond deitsiled in Ilie Clie5ter Students, UniiyJ's Articles recently le￿PProVed by toth orgonisolions. Page 7 Chester SILJdtnis' Ilnloii {A Company Linilted by Gvuroiitee) Ti'ustees. Report (contlnved) For the Year Ended 31 July ?02J Struclure, governance ond Inonogement Icontinuedl Chester SFudenls' Union I'eceives on ollocotiort of funds In Ibe form ol o block groiit from the University of Chester The Union olso rent.% the giaund 11001- 5poce of o building Exion Poi k coms)us Guidance loi tlie Inonogemep.t ond hcJndllng ol the UnlOP.'s Iinonciol occounis ore oqreed on on onnuol b05is by Universltu of Chesterfs Boord of Governors thi Plonniii9 ond Aesources Cominilltre ond Ihe Unlon's noai'd of Trusiees in the form ol o Nemoiondum of Uiidei-slaiidlng In oddiiion chonges to Tlie Union's orlitles of ossociorion reouiie the opprovol of the Unlvei'sitij Board of Gtrvernors. There is no reoson 10 belleve Ihol th15 oi- eqyivolent suppori from Ihe unlver£ily will noi coniinue for the foreseeable fului-e. os the Educarion Aci 1994 Imposes o dutij on the university 10 ensure the finonciol viobility ol 115 student iepre5entoÉive body d. Aisk monogement The Trustee 8oord of rhe Sltsdents. Unlon hos exomlned the rmujor stroteglc. buslncss ond opei"cllonol risks toced by the Chester Students. Union The risk reglsier hos been ur)daied ond will be reviewed before Èach boord meeiino Risk IS olso repot.ted ond revieweif ol o 8oord sub-commlltee 8udgolory ond Intei'nal ctrntiol risks hove tEen minimised by The imp1ementotion of procedures for oulhorisolion of all Iionsociions ond projects Procedure5 ore ITr p5oce to ensure rofflplionce wllh heoiih ond sofelu for stuff. volunteers ond portlClPOnls of oll ocllvllles oigonlsed bu the vnlon These procedures ore periodicollij reviewed 10 ensure Ihol The JL continue to meet the nÈeds of the Students, Union Funds held a5 Custodian Socletles Funds Chester Sludenis, Ilnltsn ttci% os cusiodbn for funds I'olsed by the sludenl socleiies themselves. Limounting to £9 577 (2024.. £7.3271 ai the yeoi end. in uddilpc>n 10 the gi'oni support11 dlsbui.ses to them os shown In Ihe occounrs. Approved by order of the members ol the board of Tru5tee5 unLI 51gned ()n Ihelr beholl bLJ'. L Watson Pi'eslderit Dote.. 10 /IL?121 Poge 8 Lliester Student5. Unlon (A Company Llniited by Guttranteol Statement of Trustees, responsibllities ror the Yetsr fiided 51 July 2025 Tlie TKusiees (who ore alsc) the direclOI'S ol the compony lor the pui'poses of COFntyJny lowl 01 e responsiblÈ lor piepoi-in9 tlie Tiusl&&s' Repoi'l including the Sii-oiegic Repori ond Ihè firntsncial staletnents in accordonce wilh opplicoble low and United Kingdom Accounting Slaiidoi'ds {UTrlted Kingdom Generollu Acceple£f Accounting Procllcel. ComF)Dny low i-equires rhe Ti"usree5 to i)repoi'e flnunciol sioienient5 ltsr eod) finonclol . Under compony low. the Trusiees must nor opprove the financiol 5101ements uiiless tliey tsie solislied thot Ihey give ts trtse ond full. view of Ihe state of olfoirs of the cc>mpony ond of ils Incomino resour-ces ond opplicollon of i-esoui-ces. Inc.luding 115 inconie and expenditure. for that pei'iod. In prepoiing these finonciol 5totements. the Ti'uste&s ore i-equired lo.. select sultob1e occountlng policies ond ihen opply them conslstently.. obsei've the methods ond pi"inciples of Ili¢ Choi'ilies SORP (FRS 102)." Inoke jvdgmenis onLI occouniino esiimotes thoi ol'e I"eosonable ond pi"udeni. state wheiher opplicoble UK Accounting Stoiidords (FAS 102) hove been lollowed. subject to onu moterlol deporlui-es disclosed 01)d exploined in the flnonclol stotements., prepaie the flT)anciol stoiements on the golng concein bosis unless il Is Inoppropriote to pie5ume thol the componij will continue In business The Tru8iee5 ore responslble for keeping odequote occounting records Ihot tsre suffideni tts show and exploin the componu's ironsocllons ond distlose wilh reosonable occuracy ol ally time the *inonclol posiiion ol IhÈ comyon JL ond enoble them to ensvre thot the lintsnciol sioiement5 complg wlth the Componles Act 200& They ore olso responsiblè for soleguai.dlno the ossets of the company ond lience for itskino reosonoble steps for th2 prevention ond detection ol froud ond Olhei. Irregulortiies. Approved by order of the members of the b¢)ord of Tiustees ond siuned an lis beholf by.. L Wotson President Dole.. zulICIzs Poge 9 Chester Students, Urlon IA Company Llmited by Guarontee) Independent Examiner's Report For the Year Ended 31 Jvly 2025 Independent Examlner's Aeport to the Trustees of Chester Students, Union I'the compuny'l I report to the chai'llg Ti"usiees on my txamir,oitoii of the ac¢ouni$ 04 the componu fo( the yeor ended 51 July 2025. Re5pon5ibilitles and Bosls of Report As the Ti-u51ees ol the coinpany land Ils éliectors foi tlie p'Ji-poses of compc]ny lawl you (YI'È I'esponslble for 1118 piepJrotioii ol the OCCOiJnls In occordonce wilh Ihe requirements ol the Componies Aei 2006 Ilhe 2006 Aci,) Hcjving solisfied inyself thol the o=counis of Ilie con)pony ore not required 10 be audi1￿ under Part 16 of 'he 2006 Acr ttiirj ore eligible foi. ITidependent exominolioii. I iepoi'i in respecl of rry exominalioTr of Ihe ooryipoiiy's otcounts c¢Ji-i-ied out Under section 145 01 thg Choifjlies Act 2011 (the 2011 Aci ). In cai-ry5ng out mg Èxomlnotion I hove followed the Difeclkons glven bu the Chor[t￿ Con)n11 1.4 Income All income Is recognised once the compc5ny hos entitlemeni to tlie income. Il is proboble Iliol tlie Incoine wlll be received ttnd tlie oifftouni ol income receivable con be rnoosured reliobly. Gronts ui'e Included In the Statement o* Flnonciol Activities on o i-eceivoble bos1& The bolonce of IncoFne received lor specif+c purposes but not expended during tlie perlod Is shown In the relevoiit funds oli the Bolonce Sheet. Wliere income Is received in advaiice of enritlement of receipt, its recognition is deferred ond Included in creditors as deferred income. Where entlllemenl occui's befoi'e income is received. the Income Is cscct'ued. Donoted services or facilities ore recogniged wlien the cornpanu hos control over the Item, an condttions ossocioted with the donoted iiem hove been met, the recelpt ol economic benelii Irom the use ol the comptsny of the item Is proboble ond thot economic benefit con be meosured reliobly Income tox recoverabltt In ielotion to Inveslmenl Income IS I'ecognised ol the tiine the Investn)ent income Is recelvable, Pogell Chester sivdents, Union (A Company Limited by Guaraiitee) Notes to the Financiol Stotements For Ihe Year Ended 51 July 2025 Aecovntinu policles (Continued) 1.5 Eypenditure ExpeiTrditure is recognlsed once tliei'e is o legal or constructive obllgotion to tronsfer economlc benefit to a thiid porly. it Is proboble Ihol O ti'onsfer of ecoiiornic benefits will be I'eouired in seltlei)ienl ond Ihe omount of the obligoiion con be measured relial)lu Expendltuie is clc)ssified bLI Oclivity. The costs of each octlvltu ore made up ol the lotul of direct costs OF)d .%hored costs, Including support costs involved in undertoking eoch octivity. Direct costs atlrlbutahle to o single octivity ore ollocoted directly to thot activity shared costs whlch contrlbute to moi e than one octivity and suppoi"t costs which ol'e not otri ibutoble to o single activity ore oPPOI"tioned betiveen those octivilies on o b0515 cons15tent with rhe use of resovfces Cenirol stofl costs ore ollocated on the bosls of tlp.',e speni. ond depi.eciotioii cho."ges olloctsied on ihe portion of the osset's use. Fundraising costs ore those 1ncurred in seeking voluntory contributions ond do not Inclvcfe the costs ol disseminollng informotion in support ol the choritoble octivities. Support costs ore tl)ose costs incuri.ed directly in sur>port ol expendlture on rhe objecis of the conipally oiid include proiecl rnqnogement coFried 0￿1 cenirolly Goverp.ance costs ure those Incurred In connectlon with adminlsli'otion of the company ond complionce ivi.-h con5titutioncl and otolutory requirements. Costs ol generoting funds ore costs incvr*'ed in ottt"octing voluiTrtory Income, ond those Incui'red in tradino uctivifies thor rolsa funds. Choritoble aCLlVlties cnd Governonce costs are costs incuri'ed on tlie company's operaiions, including supporl costs and c05t5 reloting to the governance of the componj apportioned to chtsritoble octiviiies. Poge 18 Che$ter Stvdents, union (A C05npany Limitéd bu Guoronteel Notes to the Finonrial Statement5 For tlie Yeor Ended 31 July 2025 Accouiitlng pollclès (contlnu¢é) 1.6 Tangible flxed a$$etS O¥bd depreciotloii Tongible fixed ossets C05ting £l.000 or more ole ctspitolised ond recognised whei) fLJture economit beneflts ore proboble and the cost oi" volue of the osset can be meosured reliobly. Tunoible Ilxed ussels ore initiolly recoonised ot cost. Alier recognition. under the cost model, tonglble fixed assets ore meosui.ed at cost less occumLbloled depreclotion ond tsny occumuloted inipoirment losses. All costs incuri'ed 10 bring o tonoible fixed ossei Into irs inrended worklng conditiori 51iould be included in the meosuiernent ol cost. A review ol impoii'ment of a fixed tssset is corried out il events or chonges In cii'cumstonces Indicate that the corrying volue ol ony tlyed (sssel may not be recoveroble. Sliortfolls between Ilie carryino volue ol fixed £5ssets oiid Iheir recoveroble omounfs ore i ecognised os iMpoirmentS. Irrkptsirment losses ole recognised In the Sioiement ol linonciol activities incorporating income ond expenditure occount. Depreciution is cliorged so os lo ollocate the cost ol tongible fixed ossets less their residual volue over their estimoted useful lives. usirig the sli'oight-line method. Depi'ecioiion Is pi'ovided on ihe followirtg boses.. Olflce equipmÈnl ComFwl&r equlprrtnt 20% Ort o siraighl Ilne bogs 20% on o siroighl Iirie bo54S .7 Interest recelvable Interest on fund5 held on deposlt Is included wlien recelvoble ond the omovnt con be meosured I'eliobly by the con)pony", this is normollu upon notilicotion ol tlie interes1 poid oi. poyoble by the instiiution with whom the funds ore deposited. 1.8 Operoting leuses Rentols poid under opeioting leoses are chorged to the Stotttment of Finonciol Actlvltie5 on a stra￿￿hl-lEne basis over the lease terni. 1,9 Debtor8 Ti"ode and other debtors ore recoonised ot the setilemenl omount oftei" Irode discount offered. Prepayrrients ore valued ol the omount prepoid net of ti.ode discounts due, Poue 19 Chester Stvdent5' Uniort (A Con3pany Lin7iled bu Guoronteel Note5 to the Flnanciol Statements For the Year Ended 31 July 2025 Accounting policies IcontinJ¢dl 1.10 Cash at bonk and in hand Cosh ot bonk ond in hond includes cosh und shoi't-term hlghliJ liquid investments with o short motui-ily ol Ilii-ee months or less Ii-oni the dote ol ocquisition oi. openii)g of Il)e deposit or slirllcjr occount. 1.11 Liabllitiès ond prttvislons Llobilitie5 (Jre recognised when there is an obligotion ot the 8olonce Sheet dote as o result cl o past event. it 15 probable thut a ti'unsfer ol economic benefit will be i-equlred in settlemenl. oiid Ihe omouiit ol the setlleiiient con be eslimoted reliobly Llabilllles ore recognised at the amount thol the compony aiitlclpotes It will poy 10 settle the debi or the omount ',t h¢Js received tss odvonced poymemts for the ooods or servic.es it must provide. Provisions oi"e nieostjred ot the besi estlmote ol the ai)iounts required to setrle Ihe obliootion. Where the effect of Ihe tlme volue ol rTioneu Is moieriol. the provlqlon is bosed on Ihe pi'esenr value of those omouints. dlscounted ol the pi'e-iax dlscount role thot rollecls the risks specific to *lie Iiobiliiy. The unwindino of Ihe dFscoui)t Is recognised In the StotemerEt of Fingnciol Activlties 05 0 finance cost. 1.12 Fsnancigl 5llStrum$nts The compoiiy onlu h05 finondol ossets ond finonciol Ilobilllles ol o kirid thot quollfy os boslc 411)onclol Insirurrients eosic Iinonciol Insirvmenis ole inltiolly recognised ot Iransociion voluc ond subsequently meosured ot tl)eir settlement volve wilh the =xceptiOP. Gf bank loons wh.ich ore subsequenlly meosured ot (Jmortised cosl using the effective inieresf melhod 1.15 Pensions The compony opei'otes o defined contribution pension scheire ond the pensioi) choi'ge i-epregents Ihe omounts payoble by the compony io Ihe fund in I'e5pect ol the yeoi.. Pooe 20 Chester Siudents, Ui)lon (A Conipony Limited by Guarantee) Notes to the Finonciol Stot8menlS For ihÈ Yetsr Ended 31 July 2025 Accounting politles Itontinuedl 1.14 F￿ftd u¢¢ounting General funds ore unrestricted funds which ure ovoilable lor use tjl the discrelion of the Trustees In fuithei'onre of the genèrol objective5 of Ihe compony and which liave riot beeii designrjted for olhei- purposes. Restricted funds al'e funds which ore to be used iii occoi'donce with specific restrictions imposed by donors or which hove been ruised by the componu lor particulor purposes. The costs of rcjisiiio ond odiiiinisterliig such funds ore cliarged ogoinsl the speclllc fund. The aim ond use ol eoch restricted lur)d is set OLJt In the notes to the Iinonciol stotemenrs. Critical occountlnu estimotes areos of Sudgment E5timoies ond judgments ore coDtinuollu evoluated ond are bosed on l)Istorlcal expeilence onij other factoi"s. Including e%pecioiion5 of ftuiui"e events thoi ore believed lo be reosonable undei the clrcumsionces. Critical occouiiting estimales ossumpiions.. The cpn)poiiy mokes estimores ond assuinpisons concernlng the futurp. The resulting occounting e511rnote5 orvj ssumplions wlll, by definition, seldom eftuo1 Ihe reloled octu05 results. There ()I'e no eslimates ond ossumptions thoi hove o $19niliconi rlsk of causino o moterlol odiusimeni to the cori¥ing omounis of osseis ond Ilobllitles within Ihe next flnondol ueoi. Income from donotloi)s and leytsclè$ Unrestricted funds 2025 Restricted fund5 2025 Total fvnds 2025 Groi)Is 567.500 3.000 570.500 Unrestrlcied funds 2024 Restt'lcied fund5 2024 Totul luiids 2024 Gronts 525.501 19,874 545,375 Page 21 Chester Students, Union IA Compuny limited by Guarai)tee) Notes to the Financial Stotements For the Year Elided 31 July 2C125 Income from choritable activities Unrestritted funds 2025 Total funds 2025 Nedig orFd Troding Sijles 22.543 22.543 Unrestricted funds 2024 Totol funds 2024 Medlo and Trodlng Soles 17812 17.$12 Investment incomg Unrestri¢ted fL*nds Totol funds 2025 20?5 Eloftk Interest recelved 1,956 1.956 Unresiricred funds 2024 Total lund5 2024 8e.nk Interest received 1.801 1.801 Poot 22 Cliester srudenis, Union IA Compofty Limited by Guoraniee) Notes to Lhe Finuncial St(stement$ For the Yeor Ended 51 July 2025 Anulysis of expenditure by ociivitles tjndei'tuken directlu 202$ Support costs Totol funds 2025 2025 Improvemei)t of Sludeni Expérience 39.700 553.919 593.619 Aciivities undei'ioken directly Svpporl to£is 2024 2024 Tolol funds 2024 lrnprovetnent of Sludeni Experience 527.550 568.700 Anthlysfs of dlrect costs Toiol funds 2025 Toiul funds 2024 Sumtner 8011 10.000 Elections & Compoigns Studeni Advice 2.730 3.312 5.785 2.273 Student Aciivities 17,921 15.485 Studeni Voice 3.906 9.874 Sustoinobilily gront Community building 2.650 0.708 59,700 Poge 23 Chester St4Jdents' Llnlon IA Compony Liwited by Guuronteè) Noies to the Finunciul Stotements For the Year Ended 31 Julu 2025 Analysls of expenditure bu octivities Icontinved) Anolysls of support costs Totol funds Tolol funds 2024 2025 Stofl costs 460,621 429.095 Oepreclollon 3.752 3.794 Insuronce 11.956 IT costs 6,784 6,327 16.380 12.137 Technolooy costs Legal & professionol fees Profil on tlie sole of ¢ixed ossels 4.243 360 18.615 17,362 159 MlscelluneoJs expenditure Accounioficy feES 28,618 43.314 2.950 3100 553,919 527.556 Turnover The W￿.ole of tl".e Mjrnover is Dtiributoble to the princlpcl actiiilly of the choiiiable comwny. All turnover oi'ose within ihe Uniied Kingdom. Nèt income/lexpenditurel 2025 2024 Oepreclotion ttf iongible flxed ossels- owned bLJ charlly OperLJling lease rentals 3.752 3.794 7,500 7,500 11,252 11.294 Pooe 24 ChestÈr Students, Uiiioii (A Company Litnited by Guoronteel Notes to the Financial Stotenients For the Yeor Ended 3t Jvlu 2025 staff costs 2025 2024 Woges ond solories Soclol security cosis ConiribuliDn 10 defiiied ci)nti'ibulioi) pension scheme5 421.620 402,798 30.870 2CI.756 8.151 5.539 460,621 429.093 7he overoge nutnber of persons etnployed ijy Ilie compony dvrlng the yeor wos os follows. 2025 2024 SoLx)ticol Officei. Trustees NoTrager5 Staff 12 18 No employee recelved remunerotion omountino to more thon £60.000 in eitlier yeor. The toiol omouni of employeÈ benpfils (Including pe115ion conirbi utions) received by key rnonogemeni PErstsiiiiel for their serv2ces io ihe clioiitoble compony <5rÈ £134.376 (20241-. £72.3011. Key monogèmeni personiiÉl comprise the CEO. Management teom und Volunieer trusiee5. Trustees 0(e reiiiuneroied loi. their work as Irusiees (see note 10 below). Po(Je 25 Cliester Students, Union {A Coinpanu Limiled by GuuranteÈ) Notes to the f Inonclol Statements For the Year Ended 31 Jvly 2025 10. Trustees, remvnerotlot) dnd expenses The totcl remunéroiio..) costs for Ilie sobboticol officer trustees ornounted to £69.889 ¢2024.. £65.985)- These costs i-plole ro remvneiolion recelved as sobboricol clliceis, I'oihÈi' 11)on o. Irustee5. ring Ilie yeor endecj 31 July ?O?S irustees expenses hove been Incurred ioiolliiig £2.272 (2024.. £83n Dui'ino the ￿￿or. trusletrs I'pccived (Fny benefil In kind 12024.. £nll) Ovi-ing th8 uear I'etirement benefits were occruing lo 4 T'usiees 12024 3) in respect of deflne(J contribJlliYi penslon sclieme5 Tonglble fixed ossets Fi&tures oncl fittings Offlte equipmer*t Computer equlpmÈnt Yotal Cost or voluotTOn Al l Auousl 2024 27.893 2,296 19.855 50.044 Al 31 Jvlts 2025 2y.893 2,296 19.855 50,044 Depreclutio Al 1 August 20?4 choi.ge lor the yeor 27,893 1.691 11,770 41.354 3D2 5,450 3.752 At 51 July 2025 27,893 1.993 15.220 45.106 Net book vctlue Al 31 July 2025 303 4.635 4.958 At 31 July 2024 6Q5 8.085 8,690 Poge 26 Chester $l￿dentS, Unlon (A Con)pony Liniited by Gutsronteel otes to the Finoncltsl Statements For ihe Ye¢r Enderj 31 Jvlu 2025 12. Debt(>r$ 2025 2024 Due withln one year Tiude deblOI"S e.&64 7.710 Oiher debtors 622 1.983 Prepoynienls tsnd occrued ii)come 18.835 81.704 28.121 ,397 13. Credltors.. Amounts falllng w*thln one yeor 2025 2024 Trod& credilors 85 717 oilier ioxotion ond stsclol seckirity 10,145 7.525 Other creditor5 11,140 7,5?8 Accrvols 10,281 12.295 37.651 27,915 Poue 27 Chester Students, Unlon (A Conipony Liintted by Guur¢Jntee) Notes to the Flnanclal Stutements Fof the Yeur Ended 31 JultJ 2025 14. Statement of fund5 Stotement of fLsnds- curfènt year Yolance ot I August 2024 Balctnce Jt 31 July 2025 Income ExpentliturÈ Unrèstricted fund$ Reserves 178.885 591.999 (590,969) 179.915 Restrlcted fund5 Susloinobility gront 3,000 (2,650) 350 Totol of funds 17È,885 594,999 1593,619) 180,265 Poge 28 Cliester Students, Unltsn f net ossets betweeTh fuiids Anulysls of net ¢$%ets between funds - current yeur unrestricted funds 2025 RestricteLI fvnd$ 2025 Totol funds 2025 Taiioible t￿ed osse15 4.938 4.958 Current ttsset5 212.628 350 212.978 Credltors due wiiliin one uÈ()5" <37.651) (37,651) Total 179.915 350 180.265 Poge 29 Chester Student5, Unlon (A Con)puny Llmlted by Guorontee) Notes to the Financial Stotemetits For the Yeor Ended 31 July 2025 15. Anolusls of net C15sets betweer) funds Icontliiuedl Ai?olysls of net ossets between funds - prlor ueor Unrestilcted funds Tolol 2024 2024 Tonglble Ilxed ossets 8.690 8.690 Current ossers 198.110 198 110 Creditors due withln one year 127.915) 127.915) Totgl 178.885 178,Bes 16. Fle¢oncilTation of net movèment In funds to net c05h flow from operating octiv5ties 2025 2024 Nel IncomeJexpendlturE tai. the year (as pei. Slalement of Fln¢nclal Acllv11ies) L380 (3,712) Adjv5tment% for-. D&preciotion choroes Profil on Ihe sole of flxed 055-15 3.752 3.794 159 Decreose/(incieosal in debtors Increase/ldeci'eose) in Crediiors 65.276 (41.723) 9.756 12.085) Net ctssh provlcled by/{used irtl opÈrotlng octivlties 78,144 (43.567) 17. Anolysls of co$h und ctssh equlwolent$ 2025 2024 Cosli In Fond 184.857 106.713 Totol cosh and cosh equlvolents 184.857 106.713 Poge 30 Chester Students, Unlon IA Comporny Limited by Guarantee) Notes to the Financlal Statements For the Yeor Ended 31 July 2025 18, Andlu51s of chc¢nges in i)et debt At l August 2024 At J1 July 2025 Cosh flow5 C05h al btsrbk ond in hond 106.715 78.144 104.857 106.715 78.144 184,857 19. Penslon commitinents The union oper(5fes o clefined conlrfibu1￿l1 pen5i0n scheme for oll ouollfulng empFoyees. The osseis ol thè scheint ore held seporotely from thosè ol Ihe unson in on indeper)dently adrKiln151eied fund. The tolol cost of the yètsr ol £8.1il (2024. £5.5591 i epieoents employer coiiirlbLrtions its the Kheiiie. At the yeor end. ori omounl of £1.560 (2024. ￿0) wos oulstondiiig 20. Operatlng lease eommltments Al 31 JUILJ 2025 tht compai)y hod comrnitmenis to moke future Ininiinum leose poginents under non- cancellobk operotiiig le05es os fa11ows". 2025 2024 Not lttter thon ) yeor 7,500 7500 21. Reloted partu trornsoctlons The charitoble comJ)ony's goweriiiiig poreni body Ss the University ofr Chester. Ourino the yeor Ihe compony recelved grants totolling £567.500 {2024.' £545.575). During th¥ getsr the union poid rent 10 Ilio Univeisiiy of Chester of £7,500 {2024.. £7,SCK)l ond other puichoses f￿on) the Univer51ty of Cliesier iot(JI￿￿ £15.444 {2024.. £23.66?). As 01 31 July ?025 the arnount due from Ihe Univer511y DI Cl)ester wos £NIl (2024.. £NII) ihe kM2lcsnce owed to the Universllu of Chester wtss £NIl {2024-. £4201. In odditlon ro the oLiov¢. 0$ 01 31 Julg 2025 occiutd Income due from the Uiilversify ol Clieslei wus £NIl (2024-. £65,574). Puge 31