Report of tho Trust••s and
Financlal Stal•ments for tho Year End￿ 31 July 2024
SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS. UNION
Knox Cropp8r LLP
Chartered Accountants and Statutory Audltors
153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ

SCHOOL OF ORIEpifAL AND AFRICAN STUDIES
STUDENTS. UNION
Contents of the Flnanclal Statements
for tha Yoar Ertd￿ 31 Juty 2024
Page
Report of the Trustees
I to 8
Report of the Independent Audltors
9 to 11
statsment of Flnanclal Activities
12
Balance Sh••t
13
Cash Flow Statement
14
Notes to the Cash Flow Statemont
15
Notes to the Financial Statements
16 to 26

SCHOOL OF ORIEiifAL AND AFRICAN STUDIES
STUDENThV UNION
R•port of tho Trustees
for the Yoar Ended 31 Juty 2024
The trustees present thelr report wlth the financlal statements of th8 dlarity for the year ended 31 Juty 2024.
The Irustses have adopted the provisions of Aco)untlng and Reporting by Charfties: Statement of
Reo)mmended Practlo appllcable to d)arities preparing their accounts in accordance viith the Financial
Reporting Standard appllcable in the UK and Republlc of Ireland {FRS 102) (effective 1 January 2019}.
OBJECTIVES AND ACTIVITIES
Aims, Objectlves and ActlvSties
SOAS Students, Union's Charitable Objects are the follo￿￿ng.
The Union's objects are the advancement of educatlon of Students at The School Of Orientsl and Afiican
Studies for the public benefft by:
1. promoting the interests and welfare of students at The School of Orlental and African Studies (University of
London> durfng thelr course of study and representing. supporting and advising students;
2. belng the recognlsed representative channel belween students and The School of Oriental and African
Studies and any other extemal bodles:
3. and provldlng soclal. cultural, sportlng and recrealional activities and forums ft)r discusslons and debate for
the personal development of Its students.
In pursult of these alms for the publlc benefrt. SOAS SU will ensure the diversty of Its Thmbership is
recognised, valued and supported and has established services for use by Its members lo support ils V￿rk
wlthln SOAS. Th&se Include over 120 student-led societies, campaigns groups & sports teams. our advice
Service, the Course Representative scheme in additron lo curatlng our soclal spaces and events.
The Union continues to represent SOAS students on relevant local. natlonal and Intemational issues through
our Executive Committee, Sabbatical Officers and Course Reps based at a local lev81 in Departments.
Student representstives slt on all the relevant declsloThmaklng committees of the School Induding the SOAS
Board of Trustses. Student representatwes attend departmental meetlngs and take part in SOAS, policy
development. strateglc declslon-maklng and worf(Ing groups.
The Union works with the School's professional Se￿l¢e8 to create a better experlence for SOAS students.
induding the Sludent Experlence. Engagement & Retention Team, the Studenl Advice & Wellbeing Service,
the Careers Service and Widening Participatlon departmenL Through our sodetles and campaigns sludents
volunteer In the communlty. fundralse and raise awareness of local and global concems. We o)nlinued our
Enough is Enough programme, a student-led Inltlatlve delivering consent education to tsckle sexual &
gender-based violenc8. The Union has continued to work with the Schod on student-inÉtiat8d projects around
decolonlslng educallon and the Instltutlon. When reviewing our objectives and planning our actfvrtles, give
due consideration to th8 Charity Commission's general and relevant supplementary guidanc8 on publlc
benefiL
P8ge 1

SCHOOL OF ORIEiifAL AND AFRICAN STUDIES
STUDENTS. UNION
Report of the Trustsos
for t￿ Yoar Endod 31 July 2024
ACHIEVEMENT AND PERFORMANCE
The VKJrk of the Unlon was focused on adaptlng to the IncreaslNJ needs of our members. representlng those
needs to the School, developlng approprlale strategles for the volallle and uncertaln context we found
ourselves In vthllst maintaining financial sustainabilty.
202&24 continued the return to a new nO￿nal for campus activty, with mor8 leaching taking plac8 in person.
The staff team developed new pattems of delivery around a hybrid working environment enabling us to
stabilise and provide appropriate levels of support for student activities.
In 202&24, the Students, Unlon moved into a purpo5￿ul11 Spa￿ on the lower ground floor of the SOAS
maln bullding. This resulted in the creation of:
. TY￿ brand new studio spaces exclusively for SU activibes. events and meetlngs - the Ambedka Studio and
the Ramla Ali Studlo.
. A Reception area for the SU to recelve and direct general enqulrfes.
. Four new office spaces for SU staff.
. The Hussain Chaudhry Room for smaller andlor ￿nfidentIal meetlngs.
. A commun81 seating area for quiet working and relaxing.
At Ihe start of the year, the bar area VRS refurblshed, provkllng much needed repalrs and upgrades, ￿lIst
also increaslng capaclty and adding a stage area for Ilve performances. As part of the building work. the JCR
(Junior Common Room) VRS separated from the bar by remval of Ihe connec*ing stalrcase. Thls allows for
both spa￿8 to hold separate and specific typ8s of events. At the dose of the year, the JCR was refurbished
and the shop moved from Its previous locallon In the JCR to just outside the JRC, in what used to be the SU
offEce spac8. The previous shop area has added extra recreational space to the JCR, while the new shop
aims to provlde a more accessible and brighter retail spao.
Promotlng the Intsrnsts and welfarn of stud•nts at The School of OTiental and Afri¢an Studles
(University of London) durfng thelr Course of study and representlng, 8UPWtlng and advislng
studen
Advlce and Support
The Advic8 Service, now in its sixlh year, provides an impartial. confidential advlce service to SOAS students
and re￿nI graduates. We are currently midway through the advice service circle. which runs for the full
ca18fKlar year rather than Ihe academic year to conslder the late submlsslon perlod and subsequent
wlndow for appeals. There wer8 369 new cases signed up to the service during the 23124 academic year. Of
these new cases, 207 V￿re regarding Academic Appeals and M￿gatIng Circumstances, and 42 regardlng
direct u)mplaints about ts university itself. A significant change In the WO￿ of the Advlce service this year,
4vas that there was a rise in much longer, complex cases, forecast to last over a calendar year In some
circumstances. To mitigate thls. drop4n and pop-up sesslons wlll be Introduced to deal with lower-level
enqulrles that can be signtmxted and refe￿ed, without having to use the resource tlme to log Sludents as
dients.
The Advlce Serv1* has been v40rking on building stronger felatM)nships universty d8partments. These
Include the SOAS Casework team, Indlvldual colleges, SAaW, and Reglsty. allowlng for fast referrals and
complete level of ￿rap around care. for a student a(xess support.
Ent￿gh Is Enough
We delivered the elghth year of our Enough Is Enough programme. whlch has continued to be led by a
part-llme member of staff wth a staff changeover in August 2023. In 202&24 lh8 proi8d has been
responslble for:
Ralslng a)4varen&%s of SGBV (Sexual and Gender Based violen￿) on campus and educating students
at)out consent.
Page 2

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDEKfs' UNION
Report of t￿ Trusloes
forth• Year Endod 31 July 2024
Maklng the reporting systems and support avallable at SOAS accessible to those who need them,
understsndlng the structures that uphold a 'rape culiure, and how thls perpetuates SGBV on Campus.
In 2023124 the projed delivered 59 In-person peer led workshops, Y￿th over 1987 students attending. These
w0￿shopS are one of the largest undertakings of the welcome and induclion programm8 delivered by elther
the unlversty or the Union. We y￿rked again with Not the Only One in delivering surrfivor suprort groups. as
well as working with Good Night Out on delivering training to our student staff and making the SU bar a GNO
a￿redited venue.
Democracy
Engagement remained high with the demcralic processes throughout the year. In May 2024 held our
Annual General Meeting, with over frfty students in attendance. The mandates that students approved across
these forums become prforflles for the SU to Ihen act on. The unlon resolved to recommend a collaborative
student V￿rkIng group to look at constitutional amendment for 24125. to look to nominate student trustees,
and to put on hold Incomlng strategy plans unlll the Incomlng officets are able to revlew them.
The Spring Elections, in whith the Sabbatical offi￿r$ {Co-Presidents) were elected for the 24125 year. saw a
tumout of 1905 students. or 25.740/0 of the ellglble student body. Thls was a 1.74Yo Increase from 2023, over
90h higher than the sector average at 16.40A in 2024. We also saw an increase in the number of candidates.
golng from 20 to 26 candldates across the lour roles.
Belng the recognI￿d representatlve channel befrAKen students and Tho Sehool of Orlental and
African Studles and any other external bodlos.
Representallon
The Students, Union continued to deliver the Rep Network scheme in partnership with the Unlversity with
more than 100 representatives across courses. departments and o)Ileges. In 2023-24 the paid College Rep
role continued as a way to support and enhance representation acn)ss all levels and colleges acmss the
institution and ensuring that there are appropriate channels to escalate feedback.
The College Reps researched different aspects of the academic experience of students through their
connections to produce an exiensive report at the end of the year. They then led a workshop presenting on
their findings to the 2024 Learning and Teaching Conference. They met regularfy viith Heads of College,
further embeddlng the student volce In the college structure.
Common themes of feedback reported related to securitisation in the school. The SU Interyened in the
restructure of IFCELS and were able to push for at least the language support whlch had been under threat to
be r8tsin8d. There V￿re also widespread issues among Online Distance L8amers (ODL). although they do
not slt wlthln the regular rep system. These Issues featured In dEs¢ussSons at varfous levels.
There was reduced staff support during the year as the Representation Coordinator left in December, which
impacted on support for th8 Rep Network. Th8 firsl Sp8ak Week was nevertheless h81d in March 2024 with
support fn)m Iwo student intems employed through the school's c￿CreatOr project. In the Nallonal Student
Suniey In 2024, SOAS Students. Unlon scored lower than previous years on the benchmark question 'How
well does the students, union (association or guild) represent students, academic interest?W, 60.8% of
students respondlng favourabty to the questlon. Thts decrease may reflect the reducllon in resources in this
area.
Provldlng soclal. cultural. Sportlng and recreational actlvftles and fr•rums for dlscusslons and debato
for the personal dev•lopm•nt of Its stud•nts.
Page 3

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS, UNION
Report of th• Tru8ts08
fort￿ Year Ended 31 Juty 2024
Communlty Bulldlng
2023124 began with Freshers events platfonning studerrt-led actsvity, and campaigns. A significant part
of communty building through student activity happens student societies and engagement with other
student groups at the slart of the academic year.
Socletl•s and Sports T•*ns
In 202&24 we had circa 150 registered s(Kieties and clubs. They organised a wide range of events including
musical events, tslks, film screening and socials. We have supwted activty ft)r under- and post- graduates.
For example. at th8 end of the academic year postgraduates with Queer Asia Society were supported to hold
a film festival over two days.
In late 2023, SU room booking was moNpd on to the TES system making it easier for Societies to request
rooms and slmpler for staff to manage SU spaces. The first tM)okings were made in January wlih 714 In total
to the end of June 2024. The process is easier for sodetles whlle the complex part of the process dealing with
the unlversities system Is done by experienced staff. The provision of two new studio spaces In the SU In
2023124 - the Ramla All Studlo and Ihe Ambedka Studlo - made It possible to provlde more Immedlate and
re￿rring bwkings for student groups.
Reséarch an￿ng the sector has been linking physlcal acfjvlty lo positive educatEonal outcomes. Despiie our
Ilmlted space we have sought to SUPFM)rt students looking to engage in regular sport and phys￿￿1 aclivity.
In 2023-24 students took part in organis8d regional comp8titions across 9 different disciplines: Badmlnton.
Basketball, Crlcket, F￿tball. Nelball, Rugby, Volleyball, Boxing and Taekwondo. Teams saw some success
on the regional and national stsge. Th8 Ta8kwondo society was newty fomied in November 2023 and went on
to medal in both regional championships and at nationals.
Interest in physical actmty Y￿S also met by societies offering non-competthve activbty such as Pilates, Yoga,
Dance. Shorlnjl Kemp). Brazllian Ju-Jltsu. Boxlro. Capoelra and more. In 2023124 we saw some cross-over
of socielies using sport as an addiiion to their activity, for example Isoc {Islamic Society) ran regular wrestllng
sessions. We looked to whelher we could access fundlng from actlve wellbelng pr*cts and may consider
this in future.
Page 4

SCHOOL OF oR1E￿rAL AND AFRICAN STUDIES
STUDENTS, UNION
Roport of tho Trustses
for tho Year Endod 31 July 2024
FINANCIAL REVIEW
Incom• & Expenditure Account
. SOAS Su's gross inwme from all sources from August 2023 to July 2024 amounted to £1,244,886.
. Total expenditure was £1.417.898, which meant a net loss of £173.012 for the year.
. The Union had a deficlt In funds of £128.169 carried forward at the end of the year.
. The Union had fixed asset funds of £3,726 at July 2024, whlch represents the net book value of the assets
the unlon has made. The spaces, equipment and Campus serilces trtat the Union utlllses are all owned by
SOAS. therefore are not counted among the Union's assets. A numbèr of historical assets V￿re wrltten off at
the end of 23124 financial year due to refurblshments In the commerdal outlets.
SOAS Grants
SOAS SU has continued to benefft from the recognition and support of Ihe Universty, who are our principal
funders, and this year the Block Grant was £730,481 In total. Thls money primarily supports our day-to4ay
charitable activ￿leS. salarles of the sabbatical officers and core staff, as w811 as funding for sports. socleties.
the student representatlon system, Freshers and Welcome Week, campaigns and welfare support, liberation
hlstory months and 0th8r m8mb8rship services. The Blo(* Grant also covers funding for the Enough Is
Enough consenl programme, Indudlng workshops delivered to 811 students and an SU Cctrordlnator staff
member. Som8 of th8 SOAS funds were agreed in-year for additional stsff wsts and general refurbishment
costs, as well as for the purchase of sound equipment and new EPOS (electronic point of sale) equlpment
used in the bar and other commercial outlets.
Unlon Gen•rnted Income
£392,871 was generated by commerdal services run by the Union which this year comprised: the shop,
selling mostly food and drink, along with some stationery. personal Items and SOAS-branded merchandise;
the SOAS bar: and Ihe wffee pod located in Senate House. In addition. merthandise was ctcasionally sold
at a popup stall on campus and was available in the SU onllne shop. We run these student-facing
mmercial services with a low margin as a service to students, which provldes safe social space within Ihe
Untversty. Commercial income has slowly Increased SIn￿ the pandemlc. as more students (as well as staff
and guests) have retumed to campus. The year began with the openlng of a refurblshed bar Spa￿ and
finished with refurblshment of the shop spsce over summer 2024, both financed by the Universlty. It is
anticipated that the changes will generate new and better opportunllles In these student spaces in the coming
years. £87,343 was generaled by student societies and clubs in 2023-2024. whlch goes directly back to
support the activilies of these groups.
Reserves
Financlal losses durfng the Covid pandemic period meant that the SU had to use up reserves set aslde In
previous years, in order not to enter into loan arrangements or rfsk Insolvency. The Union Is In the process of
revlslng Its ReseNes policy and w411 aim to build up ts financial rese￿￿$ once tradlng activities have risen to
levels approachlng pre•pandemic years. Until such time, the prim8 objective is to halt annual losses and
reach a break even, point in financial lerms for the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govomlng documont
The Charity is controlled by Its govemlng document. a deed of trust and constitutes an unincorporated charity.
Charfty conslttullon
SOAS Students, Union (SU) is a Registered Charity. Charity Number 1150717. and was registered on the
0610212013. SOAS SU is ￿nStItuted under the Education Act 1994 as a charity with intemal regulations and
Constitution approved by the Govemlng Body of the SOAS {the Unlversty) and the Charitles Commtsston.
SOAS Su's aims and objectives, as laid out in its constitution, are to provide representstion and support for
the students, of the Unlverslty. and are further supplemented by the obj8div8 of helping members to develop
their own charitable activiti8S With active partlcipatlon In clvll sodety.
Pag8 5

SCHOOL OF ORIEKfAL AND AFRICAN STUDIES
STUDEKfs' UNION
Report otthè Tmsteos
forth• Y•ar Ended 31 Juty 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustses
Following the Governanc8 Review in 2022 the SU adopted new govemance and democratic structures for the
2022-23 year. vthllst worklng toward Incorporating as a Charltable Incorporated Organisation. The govemance
changes included creating dearer distinctions between the polilical and campaigning and govemance
functions of the Union. The most notable of these changes was the addltbn of the External Trustees lo the
Board and the appointed Student Trustees. The Trustee Board Is comprised of four Sabbatical Trustees. four
Student Trustees (induding one reserved place for the RSA), and Four Extemal Trustees. appolnted for th8ir
knowledge. expertise and experience. This has brought SOAS SU In Ilne wlth sector best prac*ice.
The four Sabbatlcal Trustees are elected annually by a cro&wampus secret balbt of the memb8rship. These
posts are full-time and remunerated. each posl is elected for a one-year temi and may serve no more than
iwo lemK8, either consecutive or non4onsecutive. The Sabbatical Trustees are joined by up to four Student
and Four Exiemal Twstees, who are appointed by the Board for thelr knowledge and skills. Sludent
Twstees must be members of the Union and cannot also hdd elected office within the Union. they may serve
for up to four years. Extemal Trustees must be extemal lo Ihe Union and cannot be students, their term of
office shall ordinarity be four years vknich may be renewed up to a maximum of eiqht years.
The Trustees meet at leasl four times a year to oversee the Union finances. stratsgic plan, op8fdting plan and
risk register. The Twstees report to the membershlp via the SOAS General Meeting, whrch can question
dedslons made by the Trustses. ￿ Board of Truslees has the following established sub-commlttees.
Govemanc8, Finance and Risk, Commercial Servlces. Appoinknents. and People and Talent.
The Trustee Board delegate th8 daY-t{￿Y runnlng of the Charlty to the Chief Exeajtive.
Relatlonshlp wlth SOAS
The relatM)nship between the Universty and SOAS SU is estsblished in the Standing Order5 of the Unlversity
arKI detailed in the SOAS SU ￿nstItu￿On approved by both organlsations. SOAS SU receives a Block Grant
from the University, agr8ed annually and occuples part of the SOAS buildings. This nDn-monetary support is
intrinsic to the relationship between the UnlverJlty and SOAS SU. In addition to the block granl the School
also provides SOAS Students, Union with uiilities, office space, IT and administrative support.
Although SOAS SU wntinues lo generate supplementary funding from varlous muiual trading aLtivities, it wlll
always be dependent on the Universty's support. There Ss no reason to belteve that this or equlvalent support
from the Unlversty wlll not contlnue for the foreseeable future, as the EduCat￿n Act 1994 Imposes a duty on
the University to ensure the financial viability of its student repr&sentafve body.
Rhk management
The responsibilty for Risk Management sits wlth the Trustees who have tssked the Chlef Executive to
prepare and update a rlsk reglster for them. Scrutiny of the risk register is a stsndlng Item on the Trustee
meeling agenda, and through it the Tw51ees conslder the major business, strateglc. reputational and
operatlonal rfsks faced by SOAS SU. Where appropriate, systems or procedures have been estsblished to
mltlgate the rfsks the Unlon faces. Budgetary and intemal ￿ntrol risks were mlnlmlsed by the imple￿EntatIon
of procadures for authorlsatlon of all transactions and projects. Procedures are in pla* lo ensure compliance
w5th health and safety of slaff. volunteers and participants on all activltles organlsed by the Union. Th&8e
procedures are periodically reviewed to ensure that they continue to meet Ihe needs of the Union.
Reportable Issues 2023-24
Although Ihe clrcumstances of this year have been challenging, there have been no reportable serlous
incAdents.
REFERENCE AND ADMINISTRATNE DETAILS
Registered Charity number
1150717
Page 6

SCHOOL OF ORIENTAL AND AFRICAN P>TUDIES
STUDENTS, UNION
Report ot the Trustees
forth• Year Endod 31 July 2024
Principal address
Ground Floor, Main SOAS Building
Thomhaugh Squa
Russell Square
London
WC1H OXG
Trustees
El￿ted by SOAS Student Body to hold office from:
1st Aug 202341st July 2024
1st Aug 2022418t July 2023
Full-tlme {Sabbatlcal) Offlcers
CtrPresldent Democracy & Educatlon
CtrPresldent Welfare & Campaigns
C&President Adiviiies & Events
C￿PresIdent Equallty & Llberation
Reem Walid
Sushanl Singh
Maryam Choudhary
Jamal Akram
Gioia S(xzza
Sushant Singh
PaNvana Hayder
Yara Derbas
Trustees
Patrtda Anne O'Neill (Resigned 21st December 2023)
Mohammed Illiyas Jaffar (Reslgned 21st December 2023)
Danlel Morelll (Reslgned 20th December 2023)
Pamela Joan Bell-Ashe (Reslgned 21 st December 2023)
Amaan Hayder Chowdhury (Reslgned 31st July 2024)
Hamzah Vargas (Resigned 31st July 2024}
Sir Martin Best Harrts (App)Inted 20th February 2024)
Elizabeth Wrtght (Appolnted 20th February 2024)
Aysh Ahmed Chaudhry (Appointed 9th February 2024)
Declan Prout {Appolnted 91h FebNary 2024)
Ella Hellman (Appoint8d 19th Septemb8r 2023) (Resigned 8lh February 2024)
James Graham Bremner (Appolnted 21st June 2024)
Senlor Managem•nt
SOAS SU employs a Chlef Exe¢utlve to work closely wilh the trustees and Officers to ensure effectSve
management of the charity as head of a team of staff.
Audltors
Knox Cropp8r LLP
Chartered Accountants and Statutory Auditors
153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ
Bankers
Nat West Bank
Tavlstock House
Tavistock Square
London. WC1H 9NA
STATEMENT OF TRUSTEES. RESPONSIBILrriES
The trustees are responsibl8 for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and Unlted Klngdom Accounting Stsndards (United Klngdom Generally
Accepted Accounting Practice).
Pap7

SCHOOL OF ORIEiifAL AND AFRICAN STUDIES
STUDENTS. UNION
Rawt of the Trusteos
fortho Ygar Endgd 31 Juty 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES- contlTruod
The taw applicable to chariiies in England and Wales. the Charities Act 2011. Charity (A¢￿Unts and Reports)
Regulations 24J08 and the provisions of the trust deed requires the trustees to prepare financial statements for
each financial year which give a In￿ and fair view of the state of affairs of Ihe charity and of the In￿rnIng
ra￿UrceS arKI application of resources. Induding the income and expenditure. of Ihe char5ty for thal period. In
preparing those financlal staterr*nts, the trustees are ￿UIred to
select sultable accountlng Fdlcles and then apply them consistentty;
observe the methcxls and princip18s in the Charity SORP;
make judgements and estimales that are reasonable and prudent;
sLgt8 whether applicable accounting slandards have been followed, subject lo any mal8rial departures
disclosed and explained in the financial statements;
prepare Ihe financlal statements on the golng ca)n￿M basls unless It Is Inapproprfale to presum8 that the
charity will (x)ntinue in business.
The trustees are restK)nsible for keeping proper accounting records which disclose wilh reasonable accuracy
at any time the financial FK)sitron of the charity and to enable th8m lo ensure that the finanaal statements
compty Wbth the Charities Act 2011. the Charity {Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also restKmsible for safeguarding the assets of th8 charity and hence ft)r tsking
reasonable steps for the preven1ion and deledion of fraud and other irregularities.
Approved by order of the board of trustees on .....30th May.2025
. and sFgned on its beha￿ ty.
audhry- Tntstee
Pap8

Report of th• Inde￿ndont Audltors to t￿ Trugt•es of
School of Orlontsl and Afrlcan Sludies
Stud•nts' Union
Opinlon
We have audited the financial statements of School of Orientsl and African Studles Students, Union (the
'chaiity') for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balan
SheeL the Cash Flow Statement and notes to the financial statements, including a summary of signrficant
accounting policies. The financial reporting framework Ihat has been applied in their preparation is applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.
In our opinion the financial statements:
give a twe and fair view of the s&￿e of the charivs affairs as at 31 July 2024 and of its incomirwJ resources
and application of resources. for the year then ended-
have been propedy p￿pared in a¢cordanc8 with United Kingdom Generally Accepted Accounting Praclic8;
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit In ac¢ordan¢e with Inlemational Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our r8sponsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial ststements section of our report. We ar8 independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in
the UK, induding the FRC'S Ethical Standard, and Y￿ have fulfilled our other ethical responsibilities in
accordance with these requlrements. We belteve that Ihe audll evklence we have obtsined is sufficient and
appropriate lo provide a basis for our opinion.
Concluslons relatlng to golng Goncern
In auditing the financial statsments, w8 hav8 conduded that the trustees, use of the going concem basis of
accounling in the preparation of the financlal statements Is approprlate.
Based on the wotk we have perfomed, we have not identlfied any materlal uncertalntles relatlng to events or
conditions that, individually or collectively, may cast significant doubt on the charivs ability to contlnue as
going concem for a period of at least twefve months from when the financial ststements are authorised for
Issue.
Our responslbllltles and the responslbllltles of the trustees with respect to going concem are d8scribed In the
relevant sections of thls report.
Other Inforniation
The trustees are responsible for the other information. The other infomiation comprise5 the Information
Included in the Annual Report, other than the financial statements and our Report of the Independ8nl Auditors
thereon.
Our opinion on the financial statements does not cover the other infomation and, except to the extent
otherwise explicitly ststed in our report. VM do not expr8ss any fonn of assurance conclusion thereon.
In conneGtlon wilh our audit of the financial statsments. our responsibilty is to read the other information and,
in doing so. consider wh8ther the other infomialion is materially inconsistent with the financial statements or
our knowledge obtained in the audit or othenwise appears to be materially misststed. If we idenlrfy such
material in(x)nsistencies or apparent material misstat8m8nts, w8 are required to detemiine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed. we conclude that there is a material misstatement of this 0th8r information, we are required to
rewrt that fact. We have nothing to report in this regard.
Matters on whlch we are roqulred to roport by excopuon
We have nothing to report in respect of the following matters where the Chartlies (Accounts and Reports)
Regulalions 2008 requires us to report to you rf. in our opinion:
the information given in the Report of the Trustees is inconsistent in any mat8rial respect with the financial
sLgtements,' or
sufficlent accounlng re￿rdS have not been kept" or
the financial statements are not in agreement with the acLX)unting records and retums; or
we have not received all the infonnation and explanations we require for our audit.
Page 9

Rw•rt of tho Indepondont Audltors to tho Tru8tO08 of
School of Orlontsl and Afrlcan Studles
Students. Unlon
Responslbllldes of truste88
As explained more fijlly in the Statement of Trustees, Responsibilities. the trustees are responsible for the
preparation of the financial statements which give a true and fair view, and ft)r such intemal control as the
Irustee5 determine Is necessary to enable the preparation of financial statements that are fr88 from materlal
misstatement, wh8th8r due to fraud or error.
In preparing the ffinancial statements, the trustees are responsible for assessing the charitys ability to
(x)ntinue as a going concem, disclosing, as applicable. matters related to going cx)nc£m and using the going
(x)ncem basi5 of accL)unting unless the truste8s either intend to liquidale the tharity or to cease operations, or
have no realistic allemative but to do so.
Our responsibilities for the audit of the financlal slatements
We have teen appoinied as auditor5 ufKleT Section 144 of the Chariti8s Act 2011 and report in accordanc8
with the Act and relevant regulations made or having effed thereunder.
Our objectives are to obtsin reasonable assurance about whether the financaal statements as a Mthole are free
from material misstatement whether due to fraud or error, and lo issue a Rewi of the Independent Auditor5
that indudes our opinion. Reasonable assurance is a high level of assurance, but Is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstalement when It exists.
Misststements can arise from fraud or error and are considered material rf. individually or in the aggregate.
thgy Ix)uld reasonably be expected to Influence the economic decisions of users taken on the basls of Ih&8e
financlal statements.
The ext8nt to which our procedures are capable of detecting irwularities, induding fraud is detslled below:
. Th8 Charity is required to comply vAth charfty law and, based on our knowledge of its aciivities. we Identified
that the legal requlrement to accurately account for restricted funds was of key slgnlficance.
. We gained an understanding of how the charlty wmplled wlth ts legal and regulatory framework. In¢ludSng
the requirement to propedy account for restrScted funds, through dIs￿l$S1on$ wilh management and a review
of the do￿rnented policies. procedures and controls.
The audit team, which is experienced In the audlt of charities, considered the charftys susceptibility to
materfal mlsstatement and how fraud may occur. Our i￿sIderatIOnS induded the rfsk of management
overrMIe.
. Our approach was lo check that all restricted income was properly identified and separately accounted for
and to ensure that only valid and appropriate expenditure was charged to restrlcted funds. This Induded
reviewing joumal adjustments and unusual transactions.
There ar8 inherent llmitatl0r￿ In the audit procedures described above and, the further removed
nonwcompliance with laws and regulations B from the events and transactions reflected In the finan(aal
statements. the less Ilkely we would b8come aware of it. The risk of not detecting a material missLgtement
due to fraud is higher than the risk of not delecting one resulting from error. as fraud may involve deliberate
concealment by. for example. forgery or intenlonal misrepresentations. or through ￿llUSIon.
A further descriplion of our responsibilities for the audit of the finandal statements is lolxted on the Financial
Reporting Council's website at w¥wi.frc.org.uklauditorsresponsibiliiies. This description fonns part of our
Report of the Independent Auditor5.
Page 10

Report of the Indepondont Audltors to th8 Truste•s ot
School of Oriental and African Studles
Sludents. Unlon
Use of our report
This report is made solely to the charivs trustees. as a body, in accordance with Part 4 of the Charittes
(Acrx)unts arKI Report5) Regulations 2008. Our audit work has been undertaken so that We might state to the
charivs trustees those matters we are required to state to them in an auditors, report and for no other
purwse. To th8 fullest extent pernitted by law. do not accept or assume responsibility to anyone other
than the charlty and the charlty's trustees as a body. for our audlt work. for thls report, or for the opinions we
have formed.
Gw LLP
Knox Cropper LLP
Chartered Accountants and Statutory Auditors
153 -155 London Road
Hemel Hempstead
Hertfordshire
HP3 9SQ
Date: .........
Page 11

SCHOOL OF ORIEpifAL AND AFRICAN STUDIES
STUDENTS. UNION
Stalgmgnl of Financial Activities
for the Yoar Ended 31 Juty 2024
2024
Total
funds
2023
Total
Unrestricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
730,481
730.481
686.011
Charitable actlvitles
Union bar
Union shop
Coffee Pod
Clubs and societies
Events
154.733
158,692
79A46
154,733
158,692
79846
87.343
2.570
208.875
240,174
70.340
73,075
2,842
87.343
2.570
other trading activities
Investment income
Other in(x)me
6,098
1,014
23,758
751
6￿49
1.014
23.758
11.583
334
Total
1.156.792
88.094
1.244886
1296.297
E￿￿ENDITuRE ON
charitab￿ actlvllles
Welfare and campaigns
Union bar
Unlon shop
Coffee Pod
Subscrlptlons and affiliation fees
Clubs arKI societies
Unbn entertalnment
SOAS Radio
Events
Scholarship
Enough is ErDugh
Leaming & Teaching
6.211
297.652
432.833
145,663
94.704
79,992
81.705
51A92
19.382
6.211
297,652
432.833
145,663
94704
245,086
81.705
51A92
19,382
1.050
31.064
11,056
4.810
292,991
452.452
107.876
90.060
236.244
82,125
62.359
5.106
750
38.040
165,094
1,050
31.064
11.056
Total
1.251.754
166.144
1.417098
1.372,813
NE[ INCoMEI(EXPEND￿uRE)
Trnnsfer5 belween funds
(94.962)
(82.839)
(78.050)
81839
{173,012)
(76.516)
16
N•t m¢Mm•nt In funds
(177,801)
4,789
(173,012)
(76,516)
RECONCILIATION OF FUNDS
Total funds brought fopNard
29.129
15.714
121,359
TOTAL FUNDS CARRIED FORWARD
{148,672)
20,503
(128,169)
The notss ftjrn part oftrEse financial ststements
Page 12

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS, UNION
Balanu Shoot
31 Juty 2024
2024
Total
funds
2023
Total
funds
funds
funds
FIXED ASSETS
Tangible assets
Soclal Investments
11
12
3.726
3,250
3,726
3.250
51,840
3,500
6.976
6.976
55,340
CURRENT ASSETS
stocks
Debtors
Cash at bank
13
14
12,468
25,769
5.513
12.468
42,593
9,192
18.007
68,236
$9,195
1￿824
3,679
43.750
20,503
64253
145.438
CREDITORS
Amounts falllng due wlthln one year
15
(199,398)
(199,398> (155,935)
NET CURRENT ASSETSI(UABILmES)
1155,648)
20,$03
(135.145)
(10,497)
TOTAL ASSETS LESS CURRENT
UABILrnES
(148,672>
20.503
(128,169)
NET ASSETSI(UABILrriES)
(148,672>
20,503
(128,169)
FUNDS
Unrestrscted fijnds
Restricted funds
16
(148,672)
20.503
29.129
15.714
TOTAL FUNDS
(128,169)
44.843
The financial statements were approved by the Board of TNstees and authoris8d for Issue on
3Qth.May.202S........ and were stgned on ts behalf by:
Chaudhry - Trustee
The notes fom) part of th858 finan￿￿1 statements
P8ge 13

SCHOOL OF ORIEMfAL AND AFRICAN STUDIES
STUDENTS. UNION
Cash Flow statsmont
for the Year Ended 31 July 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operatlons
(47,322)
11.760
Net cash (used Inyprovided by operating activities
{47.322)
11.760
Cash flows from Invesllng actlvltles
Purchase of tsngibl8 ￿ed assets
Sale of soclal investments
Interest received
(3.945)
250
1,014
250
Net cash (used inyprovided by investing activities
(2,681)
Chango in cash and cash equivalents
In the raportlng perlod
Cash and cash equivalents at the
beglnnlng of the roportlng prfod
(50,003)
12.344
59,195
48,851
Cash and Cash equlvalents at the end
of Ihe reportlng period
9,192
59,195
The rK)tes forrn part of these financial statements
Page 14

SCHOOL OF ORIEKfAL AND AFRICAN STUDIES
STUDENTS, UNION
Notss to the Cash Flow Statement
for the Year Endgd 31 July 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net expendlture for the reportlng perfod (as per the Statement
of Flnancial Activltl•s}
Adjustments for:
Depreciation charg88
Loss on disposal of fixed assets
Interest recelved
Decreasel(Increase> In stocks
Decreasel(increasel in debtors
Increas8 in creditors
(173,012
(76.516)
1,914
50,145
(1,014)
5,539
25,643
43A63
15,396
{334)
(5.591)
(25,484)
104,289
Net (uged Inyprovlded by operatlon8
{47,322)
11,760
ANALYSIS OF CHANGES IN NEf FUNDS
At 1.8.23
Cash fiow
At 31.7.24
Net cash
Cash at bank and in hand
59,195
(50,003)
9.192
59,195
(50,003)
9,192
Total
59,195
(50,003)
9.192
The not88 fonn part of financial statements
Page 15

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS. UNION
Notos to tho Financial 8tatgm0nts
ft*r the Year Ended 31 Juty 2024
ACCOUMflNG POUCIES
Basis of prnparfng th financlal slalements
The financlal statements of the tharfty. whlch Is a publlc benefit enw under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 1021 'Aco)unting and Re￿Tting by Charltles:
Stalement of Recommended Practlce appllcable to charitles preparfng Ihelr accounts in accordan
wlth the Flnanclal Reportlng Stsndard appllcable In the UK and Republlc of Ireland (FRS 102)
{effectiv8 1 January 2019),, Financial Reporting Standard 102 The Financial Reportlng Standard
appllcable In the UK and Republlc of Ireland, and the Charltses Act 2011. The finandal statements have
been pr8par8d und8r the historical cost (x)nv8ntion.
Incomg
All income is recognised in the Statement of Financial Aciiviti8s once the charity has entEtlement to Ihe
funds, It Is probable that the Income wlll be recefved and the amount can be measured reliably.
Expendlture
Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obllgallon
committing the charity to that expenditure, il is probable that a transfer of economlc beneffts will be
required In settlement and the amount of the obligatlon can be measured reliably. Expendiiure Is
accounted for on an accruals basis and has b88n dassified under h88dings that aggregate all cost
relaled to the category. Where costs cannot be dlrectly altrlbuted to partlcular headings they have been
allocated to activiti8s on a basis consistsnt with the use of resources.
Tanglbl• fix•d assets
Are recorded at cosL Items thith a value below £1,000 ar8 not (xpitaltsed. Depreclatlon Is provkled for
at the folk)wing ratss in order to write off each asset over ts esllmated useful life.
Improvements to property
Fixtures & fittings
- 100A on o)st
- 20% on cost
Stocks
stocks are valued at the I￿Ner of cost and net realisable value, after maklng due allowance for
obsolete and slow movlng Items.
Taxallon
The charity is exempt from tax on Its charitable adivtties.
Fund accountlng
Unrestrlcted funds can be used In acco￿an￿ wlth the charitable objectlves at the discretion of the
trustees.
Deslgnated funds are set aslde by the Irustees out of unreslActed general funds for specific future
purposes or projects
Restricted funds can onty be used for partlcular restslctsd purposes. Restslctions arise when speclfied
by the donor or when funds are ralsed for particular restricted purposes.
Restricted fijnds comprise of the sports and soci8ti8s fund, which r8pres8nts funds ralsed by the
Indlvldual clubs and socletles for thelr own use.
Retlremenl bonoffts
The charfty operates a deffined conlrfbutlon penslon scheme. Contrfbutlons payable to the charws
pension scheme are charged to the Stat8ment of Financaal Activities in th8 P8riod to which they relats.
Page 16
continued...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS. UNION
Notes to Flnanclal 8tatsmonts - ¢onlinuod
for the Year Ended 31 Juty 2024
ACCOUNTING POLICIES - ¢ontlnued
Golng concem
After maklng approprlate enqulrles. the twstees have a reasonable expectstlon that the charity has
adequate resources to continue in operational exlstence for the foreseeable future. For thls reason.
they contlnue to adopt the golng COn￿M basls In preparfng the finandal statements.
DONATIONS AND LEGACIES
2024
2023
School grant
730.481
686,011
OTHER TRADING ACTIVITIES
2024
2023
Sponsorships
Commission income
Other trading activities
1,000
79
10,504
11,583
INVESTMENT INCOME
2024
2023
Deposlt account interest
Social Investment Interest
839
175
146
1,014
INCOME FROM CHARITABLE AcTI￿lEs
2024
2023
ActIv￿Y
Union bar
Unlon bar
Union shop
Union shop
Coffee Pod
Bar sales
Suppller target dlscount
Snack shop sales
Supplier target discount
Coffee Pod Sales
SOAS Detainee Support
Group
Clubs and Sodeties
income
Fresh8rs Fayre
148,430
6.303
158.692
206,874
2,001
239.401
773
70,340
79,446
Clubs and s￿le￿eS
35,283
Clubs and soclelles
Events
52,403
2,570
37,792
2.842
482,784
595.306
Page 17
continued...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS. UNION
Noto9 to tho Financial 8tatsmonts - continuod
for th¢ Year End•d 31 July 2024
CHARITABLE ACTIVITIES COSTS
Support
costs {see
note 7)
Dired
Costs
Totsls
Welfare and campaigns
Union bar
Un(on shop
Coffee Pod
Subscriptions and affiliation fees
Clubs and societies
Union entèrtainment
SOAS Radio
Events
Scholarship
Enough Is Enough
Leaming & Teaching
6.211
213,287
222,020
92,337
14.712
165.094
1.713
47A59
19.382
1.050
31,OfA
11.056
6,211
297.652
431833
145.663
94,704
245.086
81.705
51 N92
19A82
1.050
31.064
11,056
84,365
210.813
53,326
79.992
79,992
79.992
4033
825,385
592.513
1A17.898
SUPPORT COSTS
Management
Flnance
Totsls
Union bar
Union shop
Coffee Pod
Subscriptions and affiliation fees
Clubs and societies
Union entertainment
SOAS Radio
81,274
203.081
51,370
77,057
1,582
3.959
1,002
1,503
1,503
1,503
77
3.773
954
1,432
1,432
1,432
72
210,813
53.326
79.992
79.992
79.992
77,057
570.780
10,604
11,129
592.513
Basis of allocation
student Social Enterprise- 49.5% (split as a % of tumover)
Management
Student represenlatlon and activth8s - 49.5% and 1 % Goveman
student Social Enterprise - 49.5 /0 {spllt as 8 % of tumover)
Flnance
Student r8pr8s8ntalion and activiti8s - 49.50/0 and 1 % Govemance
Studenl Sodal Enterprfse - 49.50/0 {spltt as a 0/0 of tumover)
Govemance costs
Studenl representalion and activities - 49.5% and 1 % Govemance
Page 18
rnntinued...

SCHOOL OF ORIEKfAL AND AFRICAN STUDIES
STUDEKfs' UNION
Not89 to the Flnancial Statemonts - continued
for tho Yèar Endod 31 Juty 2024
SUPPORT COSTS - contlnued
Support costs, Snduded in the above. are as follows:
SubpKrfpUons
and
affiliatlon
Unlon
shop
Union bar
Pod
Trustees, remun8ration
etc
Salaries
Social security
Penslons
Website and social media
Prlnting and statlonery
Other expenses
Travelling
Staff training & other
expense
Computer software &
consumable
Professional fees
Insurance
Irrecoverable VAT
Depreciatlon - tanglble
assets
Loss on sale of tsnglble
fixed assets
Bank charg8S
Auditors, remuneration
Other govemance
expenses
Democracy & electlon
expenses
Legal and professional
19,690
35,729
3,403
5,841
997
120
63
371
49,195
89,276
8,506
14594
2.491
12A43
22,582
2,152
3.692
630
75
39
235
18,666
33,874
3,228
5,537
112
59
353
156
1,437
3,591
909
743
3,138
1.253
1,078
1,868
470
705
2,976
1.189
1.021
3,134
2,691
793
271
681
172
259
7,140
17.841
3,T13
2,754
4,513
954
6.770
1,432
1.045
1,101
200
502
127
74
72
207
515
130
195
210,813
53,326
79.992
2024
Total
2023
Total
a¢llvltles
Clubs and
Union
soclelles entertalnment
SOAS
Radlo
Trustees, remuneratfon
etc
Salaries
Social se￿rIty
Pensions
Website and soclal medla
Printing and stationery
OU)er expenses
Travelling
18,666
33,874
3,228
5,537
18.666
33,874
3,228
5,537
138,267
250.915
23,908
41,017
7,001
833
438
2,612
162,078
254A72
16.177
34,798
13.691
93
322
2,906
1,706
163
279
112
112
353
18
Carrfed for•vard
62.774
62.774
3,164
464,991
484,537
Page 19
continuèd...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS. UNION
Notes to the Flnanclal Statements - ¢ontlnued
for the Year Ended 31 July 2024
SUPPORT COSTS- contlnued
2024
Totsl
2023
Total
Clubs and
societies
Union
entertainment
SOAS
Brought forward
Staff training & other
expense
Computer softwar8 &
consumable
Professtonal fees
Insurance
Irrecoverabl8 VAT
Depreciation - laThJible
assets
Loss on sale of tanglble
fixed assets
Bank charges
Auditors, r8mun8ration
Other goveman(
expenses
Democracy & election
expenses
Legal and professional
fees
62.774
62.774
3.164
464.991
484.537
1.363
1.363
10.0
705
2.976
705
1976
1.189
1.021
36
150
60
51
5.222
22.042
8,807
6.992
1.067
1,021
13
1￿14
15.396
6,770
1,432
6,770
1.432
341
50,145
10.604
7.740
15.355
8,010
191
10
1A12
1.021
72
530
1,515
195
195
10
IA47
36,779
79.992
79.992
4033
592.513
579,738
TRusfEES' REMUNERATION AND BENEFITS
None of Ihe trustses were remunerated or paid expenses in respect of the perft)rmance of their duues
as trustees. Trustees were remunerated In respect of thelr roles as sabbatlcal offi￿rS. See note 17.
Trustees. oxpenses
No trustees V￿re paid expenses in respect of tr* perfomiance of their dutres as trustees.
STAFF COSTS
2024
2023
Wages and salaries
So￿81 securlty costs
other pension costs
693,338
44.320
63,232
745,292
25.946
53,300
800.890
824.538
Page 20
o)ntinued...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS, UNION
Notss to the Flnanclal Statements - contlnu•d
for tho Yoar Ended 31 July 2024
STAFF COSTS - conllnued
Th8 average monthly number of employees during the year was as follows:
2024
2023
Full time manag8m8nt staff
Full tlme sabbatlcal offlcers
Part time stsff
31
48
No employees recelved emluments in excess of £60,000.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES
Unrestricted
funds
Re￿rIcted
fvnd8
Total
lunds
INCOME AND ENDOWMENTS FROM
Donatlons and legacles
686.011
686,011
Charttable acllvttles
Union bar
Unlon shop
Coffee Pod
Clubs and societies
Events
208,875
240.174
70,340
208,875
240.174
70.340
73.075
2,842
73,075
2.842
other tradlng actlvltles
Investment Income
other income
11,583
334
3.063
11,583
334
3,063
Total
1.223.222
73,075
1,296,297
EXPENDITURE ON
Charltable actlvllles
Welfare and campaigns
Unlon bar
Union shop
Coffee Pod
Subscrfptions and affiliation fees
Clubs and societies
Unlon entertalnment
SOAS Radio
Events
Scholarship
Enough is Enough
4.810
292,991
452,452
107,876
90,060
123.466
82,125
62,359
5,106
4.810
292,991
452.452
107,876
90,060
236.244
82,125
62.359
5,106
750
38.040
112.778
750
5.488
32.552
Total
1.253.797
119,016
1,372.813
NE[ INCOMEI(EXPENDITURE)
Transfers between funds
(30,575)
(18.533)
{45,941 }
18,533
(76,516)
Net movoment In funds
(49,108)
(27,408>
(76,516)
Page 21
conlinued...

SCHOOL OF ORIEKfAL AND AFRICAN STUDIES
STUDENTS, UNION
Noies to the Flnanclal Statements- contlnued
lor the Ygar Ended 31 Juty 2024
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACMVITIES - ¢ontlnu
Unrestrithd
Restricted
fiJrKIs
funds
Tolal
funds
RECONCILIATION OF FUNDS
Total funds brought for¥vard
78237
43,122
121,359
TOTAL FUNDS CARRIED FORWARD
29.129
15.714
44.843
11. TANGIBLE FIXED ASSErs
Fixtures
and
Plant arKI
machinery
propety
Totals
COST
At 1 August 2023
Addiiions
Disposals
124851
83.891
209,742
{125.851)
(9.174) (135.026)
At 31 July 2024
74,717
78,662
DEPRECIATION
At 1 August 2023
Charge for year
Ellmlnated on dlsposal
75,706
82.196
1,125
(9,174)
157,902
1,914
(84.880)
175,706)
At 31 July 2024
74,147
74936
NET BOOK VALUE
At 31 July 2024
3.156
570
3.726
At 31 July 2023
50,145
1.695
51.840
12. SOCIAL INVESTMENTS
Loans
MARKETVALUE
At 1 Augusl 2023
Repayments in year
3,500
(2SO)
At 31 July 2024
3,250
NEf BOOKVALUE
At 31 July 2024
At 31 July 2023
Page 22
continued...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDEKfs' UNION
Notes to the Financial Statements - contlnued
fortho Year Ended 31 July 2024
13. STOCKS
2024
2023
Stocks
12A68
18,007
DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Oth8r debtors
Prepayments and accrued Income
26.956
5,798
9,839
57.134
11,102
42,$93
68,236
Other debtors relates entirety to the grant received from SOAS
15. CREDrroRS.. AMOUNTS FALLING DUE vvfrHIN ONE YEAR
2024
2023
Trade creditors
Taxation and social Se￿ilty
Other credltors
126,599
712
72.087
30.808
6.719
118,408
199J98
155,935
1& MOVEMENT IN FUNDS
Net
)vement
in funds
Transfers
beiween
funds
At
31.7.24
At 1.8.23
Unrestrlctsd funds
General fund
Fixed Asset
{22,711)
51.840
(42,902)
(52.060)
(86,785> {152,398)
3,946
3,n6
29.129
(94962)
(82.839)
(148.672)
Restricted funds
Transport fund
Clubs and So(ieties
Sanctury Scholarship Programme
219
10.766
4729
(219)
176,781)
{1.050)
82.839
16,824
3.679
15.714
178.050)
82,839
20,503
TOTAL FUNDS
{173.012)
{128,169)
Pa98 23
conilnued...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS. UNION
Notes to the Financial Stat•monts - contlnuod
for tho Yaar Ended 31 July 2024
MOVEMENT IN FUNDS - contlnued
Net movement in funds, included in above are as follows:
Incomi
resourc85
Re8wrces
expended
Movwnent
in funds
Unrestrlctsd funds
General fund
Fixed Asset
1,156,792
{1,199,694)
(52,060)
{42,902)
(52.060)
1.156.792
{1,251.754)
{94.962)
Restrlcted funds
Ttansport fund
Clubs and Societies
Sanctury Scholarship Programme
(219)
(164,875)
(1,050)
{219)
176.781)
(1.050)
(166,144)
178,050)
TOTAL FUNDS
1.244886 (1,417.898) (173.012)
Comparatlv•s for movement in funds
Net
verrent
in furKI$
Transfers
beIN￿en
funds
At
31.7.23
At 1.8.22
Unrestrlct•d funds
General fund
Fixed Asset
12.415
65.822
(15.179)
(15.396)
(19.947)
1.414
(22.711)
51.840
78.237
(30.575)
(18.533)
29.129
Rostrfcted funds
Sports faciliti8S
TransFK)rt fund
Clubs and So(ietie5
Consenl Training Programme
Sanctury SGholarship Programm8
17.799
3.514
10.842
(17,799)
(3.295)
(18,609)
(5.488)
1750)
219
10.766
18.533
5.479
4.729
43.122
(45,941)
18,533
15.714
TOTAL FUNDS
121,359
(76.516)
Page 24
continued...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS, UNION
Notss to tho Flnanclal Statements - contlnuod
for the Y￿r Endod 31 Juty 2024
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, induded in the above are as follows:
Inrxjming
resources
Resources
expended
Movement
in funds
Unrostslcted funds
General fund
Fixed Asset
1.223,222
(1.238,401)
(15,396)
{15.179)
{15,396)
1,223,222
(1,253,797)
(30.575)
Restricted funds
Sports facllitles
Transport fund
Clubs and Socletles
Consent Training Programme
Sanctury Scholarship Programm6
3.004
(20,803)
(3,295)
(88,680)
(5,488)
(750)
{17.799)
{3,295)
(18.609)
{5,488)
(750)
70.071
73,075
(119.016)
{45,941)
TOTAL FUNDS
1,296,297
(1,372,813)
176,516)
A current year 12 months and prior y8ar 12 months combined position is as follows:
Net
mov8m8nt
in funds
Tran￿er$
belween
fvnds
At
31.7.24
At 1.822
Unrestrlctsd fund8
General fund
Fixed Asset
12,415
65,822
(58,081 }
(67,456)
(106.732) (152,398)
5,360
3,726
78,237
{125,537)
(101.372)
(148,672)
Restrlcted funds
Sports facilities
Transport fund
Clubs and Socleties
Consent Training Programme
Sanctury Scholarship Programme
17,799
3.514
10,842
<17,799)
{3.514)
(95,390)
(5.488)
(1,800)
101,372
16,824
5,479
3.679
43.122
(123.991)
101,372
20.503
TOTAL FUNDS
121.359
(249.528)
(128,169)
Page 25
continued...

SCHOOL OF ORIENTAL AND AFRICAN STUDIES
STUDENTS, UNION
Noto8 to the Flnan¢lal Stst•ments - conlinuod
for the Year Ended 31 July 2024
16. MOVEMEKf IN FUNDS - ￿ntInU•d
A current year 12 months and prlor year 12 months combined net movement in funds. Included in the
above are as follows:
IncomlNJ
Resources
expended
Movement
in fvnds
Unrestrictsd funds
General fund
Fixed A5sel
2.380.014
(2.438.095)
(67.456)
(58,081)
(67.456)
2.380.014
(2,505,551)
{125.537)
Restrictsd funds
Sports facilities
TrarLSPOrt fund
Clubs and Socielies
Consent Training Programme
Sandury Scholarship Programme
3.004
(20,803)
(3.514)
(253.555)
(5,488)
(1.800)
(17.799)
(3.514)
(95.390)
{5.488)
{1.800)
158.165
161,169
(285.160) (123.991)
TOTAL FUNDS
2,541,183
(2.790.711) (249.528)
Restrlcted funds Comprlse of tho followlng:
The Fixed Asset Fund represents the net book value of assets fvnded from unrestricted reserves.
Clubs & ￿le118S Fund, which represents funds rdised by the Indlvldual clubs and societies for their
own use.
Sports Ground Fund and Transport Fund - funds given as part of the annual grant from SOAS to be
SP8nt exclusivety on sports teams for trfxjking pitches and venues, buylng essential kit and equlpmenl
for playlng sports, costs for coaching and match officials, fees for memberships and toumaments and
transport for games.
Sanctuary Scholarshlp Programme Fund - one￿[ funding for activty associated with the Solldarity
with Refvgees and Displaced People Society.
17. RELATED PARTY DISCLOSURES
The Union transacts with the University of Oriental & Afri(xn Studi8s (SOAS) their relationship is
defined in the Report of the Trustees. A grant was received by the Union from SOAS as detsiled in the
not8S to the accx)unts. Note 2.
The following transactions took place with sabbati￿1 officer5 in the year ended the 31st July, 2024
Sabbatlcal Post
S Singh
M Choudhary
R Walid
J Akram
H Zaib
S Shalkh
Salary EmployersPenslon
£13.103
£2,665
£29,658
£4.745
£29.658
£1.564
£29.658
£1.173
£2.472
£395
£1,355
£285
Employor8NIC
£1,221
£2.837
£2,837
£2,837
Total
£16.989
£37.240
£34.059
£33.668
£2,867
£1,722
£82
In 2017 a fixed assel Investment loan (note 12) was made to Unlsolar Ltd. a Communty Ben8fit
Society limited by guarantee. The Unk)n made bNO loans lo Unlsolar Ltd, one of £6,000 at 0% for 5
year term and, another for £S,000 at 5Yo Interest for 20 year lenn.
Page 26