**Charity registration number 1152400 (England and Wales)**
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2025**
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
**Trustees** Darren Taylor Shaun Daly Amelia Mitchell (Appointed 1 July 2025) Aditi Chotra (Appointed 1 July 2025) Katy Reilly (Appointed 1 July 2025) Lucas Clark (Appointed 1 July 2025) Jia Atha (Appointed 1 July 2025) William Lewis (Appointed 1 July 2025) Will Strange (Appointed 2 December 2025) **Charity registration** England and Wales 1152400 **Principal address** Arts University Bournemouth Fern Barrow Wallisdown Poole Dorset BH12 5HH **Independent examiner** Mr M C W Woodings FCCA Schofields Unit 1, St Stephens Court 15-17 St Stephens Road Bournemouth Dorset BH2 6LA **Bankers** Lloyds Banking Group Plc 45/47 Old Christchurch Road Bournemouth BH1 1ED **Advisors** Jon Renyard University Secretary Anna Rathbone Accounts Officer
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 7|
|Independent examiner's report|8|
|Statement of financial activities|9 - 10|
|Balance sheet|11|
|Notes to the financial statements|12 - 24|
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 JULY 2025**
The Trustees present their annual report and financial statements for the year ended 31 July 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
## **Objectives and activities**
The Arts University Bournemouth Students' Union's principal aims are set out in the Constitution as follows:
The Unions' objects are the advancement of education of Students at Arts University Bournemouth for the public benefit by:
a) promoting the interests and welfare of Students at Arts University Bournemouth during their course of study and representing, supporting and advising Students;
b) being the recognised representative channel between Students and Arts University Bournemouth and any other external bodies; and
c) providing social, cultural, sporting and recreational activities and forums for discussion and debate for the personal development of its students.
##
According to the Constitution, the Union may, for the betterment of the student body; carry out campaigning activities; seek to influence public opinion; and make representation to and seek to influence governmental and other bodies and institutions regarding the reform, development and implementation of appropriate policies, legislation and regulations, provided that all such activities shall be confined to the activities which an English and Welsh charity may properly undertake and provided that the Union complies with the Education Act and any guidance published by the Charity Commission.
The Union also provided extracurricular activities for the students, such as sports clubs and societies; volunteering opportunities; evening and daytime social events and activities; and awareness events and campaigns in the interest of the student body. The aim of these is to enrich students time at university and provide the, with additional services to maintain and improve their health physically, emotionally and mentally whilst also encouraging their personal development.
The Union represents the student voice in matters concerning their university experience. This includes giving advice on appealing academic marks, making complaints related to their course, dealing with housing situations, improving their time at university, and lobbying the University for improvements. The Sabbatical Officers sit on many University Boards and Committees to ensure at hat the student voice us heard at every level.
## **Public benefit**
In undertaking the activities of the last twelve months, The Trustees continue to pay due regard to the Charity Commission's guidance on public benefit through their oversight of the activities of the Arts University Bournemouth Students' Union. Through adherence of the objectives and activities undertaken in the year, the Students' Union continued to fulfil its obligations on behalf of the student body.
- 1 -
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **Achievements and performance**
## **Strategic Overview**
The 2024/25 year was defined by a values-led approach to representation, campaigning, and student support, with a clear focus on keeping activity accessible during a sustained cost-of-living squeeze. The Union prioritised low-cost and free opportunities, targeted wellbeing support and practical interventions designed to protect student engagement and progression at a time when many students face reduced paid-work opportunities, rising housing costs and higher living expenses.
## **Charitable and fundraising activity**
The Sabbatical Officers and staff delivered a programme of inclusive activity that balanced creativity, employability, and welfare. Highlights included regular town halls and engagement events (Spring Market; Swap & Share; Coffee with the Sabbs), a cost-of-living fair, and a series of creative initiatives such as Arts Jam and a digital campaign to promote student creatives. The Union also revived fundraising for the student magazine and delivered four exhibitions—DIY Starter Pack, Feminionomenon, an International Exhibition and a UN gender-based violence exhibition—each designed to showcase student work and strengthen community links.
The 2024/25 year saw a values led approach to representation, campaign delivery, and student support running ‘Give it a Go’ sessions at a small affordable cost whilst supporting students' mental health.
## **Community partnerships and employability**
Working with local partners, the Union progressed community-facing projects (including high-street art commissions and exhibition programming) that create visible opportunities for students to contribute to the local economy and cultural life. These projects are intended to strengthen graduate pathways, provide paid and placement opportunities where possible, and demonstrate the Union’s role in supporting students to remain and contribute locally after graduation.
## **Financial sustainability and funding development**
Recognising the financial pressures on students and the organisation, Trustees have begun to diversify income streams and explore longer-term funding options. Emerging funding opportunities are being assessed with a five-year horizon in mind to balance immediate student support with strategic investment in employability, paid student roles, and organisational resilience.
## **Operational challenges and governance response**
The year exposed capacity and governance gaps: the absence of a permanent Student Union Manager and a reduced staff team limited the Union’s ability to set and monitor organisational KPIs, and high workloads contributed to officer burnout. Trustees have acted to address these issues by approving a staff restructure, recruiting a Change Director to stabilise delivery and prioritising the appointment of a permanent Senior Manager/Office Manager. These steps are intended to restore operational capacity, improve oversight, and enable the development of a permanent strategy.
- 2 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **Looking ahead**
Trustees have agreed an interim strategy—Work, Rest, Play, Slay—while a co-created strategic planning process will be completed in 2025/26. The immediate priorities are to recruit permanent leadership, finalise SLAs with the University, formalise election and induction processes, and publish a five-year funding and delivery plan that secures affordable programming, expands paid student opportunities and strengthens the Union’s contribution to the local community.
## **Summary of impact**
Overall, 2024/25 delivered tangible student-facing outcomes and important learning for the organisation. The Union maintained accessible activity during a difficult economic period, advanced community and employability initiatives and has put in place governance and staffing actions to stabilise operations and enable sustainable growth.
## **Financial review**
## **Financial position**
**AUBSU's gross income** : £258,148 (2024: £325,951)
**Block grant:** £225,000 (2024: £275,334)
**Total Expenditure** : £300,091 (2024: £403,717)
**Deficit:** £41,943 (2024: £77,766)
The principal source of funding for AUBSU is the block grant given by the University of £225,000 (2024: £275,334).
The next significant source of income was raised from clubs and societies totalling £11,869 (2024: £13,241).
The University provides the Students' Union with an office, storage facilities, utilities and accounts services for no charge. As recommended by the Charities SORP, the estimated value of these services and provisions in-kind is valued at £12,750 (2024: £12,750) and has been included in the accounts. The Trustees believe that this support will continue from the University for the foreseeable future.
The major item of expenditure related to personnel of £190,287 (2024: £216,030).
At 31 July 2025 Arts University Bournemouth owed the Union £91,692. The University has confirmed this balance is repayable on demand; Trustees have requested a written repayment schedule and will monitor cashflow monthly until the balance is cleared.
## **Reserves policy**
The Accounting and Reporting for Charities' Statement of Recommended Practice defines reserves as income which becomes available to AUBSU and is to be spent at the Trustees' discretion in furtherance of any of the AUBSU objects, but which is not yet spent, committed or designated. This definition of reserves therefore excludes restricted and designated funds and income funds that could only be realised by disposing of fixed assets held for Union use.
At 31 July 2025, AUBSU had total unrestricted reserves of £84,879 (2024: £126,822). Free reserves, representing unrestricted funds less designated funds and fixed assets amount to £79,661 (2024: £113,215). Restricted income funds amounted to £3,104 (2024: £3,104), The restricted funds relate to the Give it a Go activity, representing the remaining unspent Sports England grant.
Free reserves on 31 July 2025 were £79,661, below the Trustee target of approximately £100,000. The shortfall arose primarily from one-off consultancy and temporary outsourcing costs during the year. Trustees have approved a recruitment and cost control plan, including the appointment of a permanent Office Manager and a review of consultancy contracts, with the objective of restoring reserves to target within 12 months.
- 3 -
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **Plans for future periods**
- 4 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **Structure, governance and management**
## **Governing documents**
The Arts University Bournemouth Students' Union (AUBSU) is a charity registered with the Charities Commission since 12 June 2013 and is an unincorporated entity. It is governed by its Constitution, which outlines the ideals and aims of the Union and how these are overseen by the Board of Trustees.
The Board of Trustees is responsible for directing the strategic and financial activities of the organisation, ensuring that any actions are in line with the current Strategic Plan and fall within the definition of charitable purpose. The Board may exercise all the powers of the Union, subject to the Education Act, Constitution and By-Laws.
## **Trustees of AUBSU**
The Trustees who served during the year and up to the date of signature of the financial statements were:
|Helen Manley|(Resigned 30 June 2025)|
|---|---|
|Darren Taylor||
|Shaun Daly||
|Emma Duncan|(Resigned 21 January 2025)|
|Bethany Evans|(Resigned 31 March 2025)|
|David Stock|(Resigned 30 November 2024)|
|Amelia Mitchell|(Appointed 1 July 2025)|
|Aditi Chotra|(Appointed 1 July 2025)|
|Katy Reilly|(Appointed 1 July 2025)|
|Lucas Clark|(Appointed 1 July 2025)|
|Jia Atha|(Appointed 1 July 2025)|
|William Lewis|(Appointed 1 July 2025)|
|Will Strange|(Appointed 2 December 2025)|
|Gabrielle Parker|(Resigned 11 July 2025)|
## **Recruitment and appointment of trustees**
The Sabbatical Officer positions of President Students Union and President Student Experience are ex-officio Trustees and are elected by the student body every year by secret ballot, to serve a one-year term. They may be reelected for a further one-year term. The remaining trustees are either students, University staff, or external members of the public. The composition of the Board is as follows:
No more than two Sabbatical Trustees
No more than four Student Trustees
No more than ten External Trustees
No more than one University Trustee
## **Organisational structure**
The Trustees are required to hold a minimum of three meetings per academic year at which they agree the broad strategy and areas of activity for the Union and oversee its performance and finances. The Board consider themselves to be the only key management.
- 5 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **The Executive Committee**
The Executive Committee consists of students elected to represent their cohorts. Its responsibilities include coordination of campaigns, representation, and student assembly decisions; representation of the student body; policy and voting power and development of the Unions’ strategic aims.
The members of the Committee are as follows:
President Student Union
President Student Experience
Student Experience Officer (up to four)
## **Induction and training of trustees**
All trustees are provided with a one-to-one meeting and an induction pack, which includes a copy of the Trustee Handbook and the current Strategic Plan. New Trustees are provided with support from staff and current Trustees. Incoming Sabbatical Trustees are given a handover by the outgoing Sabbatical Trustees and AUBSU staff.
All Trustees are asked to fill out a Skills Matrix and Register of Interest upon their appointment, to establish the skills and abilities of the Board as a whole. This in turn facilitates the identification of relevant training, events, and conferences to aid their development as members of the Board.
Students’ Union staff are always on hand to provide relevant information and support for Trustees including understanding meeting papers and reports, and advice regarding their role and responsibilities.
## **Wider network**
AUBSU is currently a member of the National Union of Students, a voluntary membership organisation that confederates 600 Students’ Unions nationally.
## **Risk management**
The Students’ Union utilises University staff as advisors to ensure that operations remain within the policies and procedures of the University.
For all relevant activities and events held by AUBSU, risk assessments are carried out and safety measures put in place to reduce any risk of damage to property, reputation, or stability of the organisation.
Financial risks are reduced by having effective controls in place. This includes a limit in expenditure approval as follows:
- Amounts up to £2500 shall be approved by two signatories of the Union, where at least one signature must be by a Sabbatical Officer.
- Amounts above £2500 and below £5000 shall be approved by the Finance Lead for the Union, Deputy Chair and two signatories.
- Amounts above £5000 shall be approved by the Board of Trustees, reflected in the minutes of the meeting, and signed off by the Union signatories.
The Union receives a monthly financial report to continuously monitor income and expenditure. An overview of this report is included in the papers for meetings of the Board of Trustees.
The University has committed to being a cash free campus and so all Union cash transactions have been discontinued, including petty cash. If any cash payments do happen, they are taken by the Union and delivered to, checked, and paid in by the Union’s financial contact.
- 6 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Charity number** 1152400 **Principal address** Arts University Bournemouth Fern Barrow Wallisdown Poole Dorset BH12 5HH **Independent Examiner** Schofields Chartered Accountants Unit 1, St Stephens Court 15-17 St Stephens Road Bournemouth Dorset BH2 6LA **Bankers** Lloyds Banking Group plc 45/47 Old Christchurch Road Bournemouth BH1 1ED **Advisors** Jon Renyard – University Secretary Anna Rathbone – Accounts Officer **Background Information** Organisation also known as: AUBSU
Approved by order of the Board of Trustees and signed on its behalf by:
.............................. Aditi Chotra **Trustee**
Date: ..............16[th] April 2026...............................
- 7 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
I report to the Trustees on my examination of the financial statements of Arts University Bournemouth Students' Union (the Charity) for the year ended 31 July 2025.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Mr M C W Woodings FCCA**
## **Schofields**
Unit 1, St Stephens Court 15-17 St Stephens Road Bournemouth Dorset BH2 6LA
Date: .........16[th] April 2026...................
- 8 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 JULY 2025**
|**Current financial year**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**2025**
**£**
**2025**
**£**
**Income from:**
Donations and legacies
**3**
237,750
-
Charitable activities
**4**
-
11,869
Other trading activities
**5**
6,675
-
Investments
**6**
1,854
-
**Total income**
246,279
11,869
**Expenditure on:**
Raising funds
**7**
9,327
-
Charitable activities
**8**
223,383
67,381
**Total expenditure**
232,710
67,381
**Net income/(expenditure)**
13,569
(55,512)
Transfers between funds
(55,512)
55,512
**Net movement in funds**
(41,943)
-
**Reconciliation of funds:**
Fund balances at 1 August 2024
126,822
3,104
**Fund balances at 31 July 2025**
84,879
3,104|**Total**
**2025**
**£**
237,750
11,869
6,675
1,854
258,148
9,327
290,764
300,091
(41,943)
-
(41,943)
129,926
87,983|**Total**
**2024**
**£**
288,084
15,375
15,501
6,991
325,951
47,809
355,908
403,717
(77,766)
-
(77,766)
207,692
129,926|
|---|---|---|
- 9 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 JULY 2025**
|**Prior financial year**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**2024**
**£**
**2024**
**£**
**Income from:**
Donations and legacies
**3**
288,084
-
Charitable activities
**4**
609
14,766
Other trading activities
**5**
15,501
-
Investments
**6**
6,991
-
**Total income**
311,185
14,766
**Expenditure on:**
Raising funds
**7**
47,809
-
Charitable activities
**8**
270,352
85,556
**Total expenditure**
318,161
85,556
**Net income**
(6,976)
(70,790)
Transfers between funds
(70,790)
70,790
**Net movement in funds**
(77,766)
-
**Reconciliation of funds:**
Fund balances at 1 August 2023
204,588
3,104
**Fund balances at 31 July 2024**
126,822
3,104|**Total**
**2024**
**£**
288,084
15,375
15,501
6,991
325,951
47,809
355,908
403,717
(77,766)
-
(77,766)
207,692
129,926|
|---|---|
- 10 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **BALANCE SHEET**
## **AS AT 31 JULY 2025**
|**Fixed assets**
Tangible assets
**Notes**
**14**
**2025**
**£**
**£**
5,218
**Current assets**
Stocks
**15**
-
Debtors
**16**
93,317
Cash at bank and in hand
18,745
112,062
**Creditors: amounts falling due within**
**one year**
**17**
(29,297)
**Net current assets**
82,765
**Total assets less current liabilities**
87,983
**The funds of the Charity**
Restricted income funds
**18**
3,104
Unrestricted funds
**19**
84,879
87,983
The financial statements were approved by the Trustees on .......15thApril 2026..................
..............................
..............................
Amelia Mitchell
Aditi Chotra
**Trustee**
**Trustee**|**2024**
**£**
272
35,485
87,566
123,323
(7,004)|**£**
13,607
116,319|
|---|---|---|
|||129,926|
|||3,104
126,822|
|||129,926|
||||
- 11 -
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025**
## **1 Accounting policies**
## **Charity information**
The charity is registered in England and Wales and is unincorporated. The address of the principal office is Arts University Bournemouth, Wallisdown, Bournemouth, Dorset, BH12 SHH.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **1.4 Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donated services or facilities are recognised when the Union has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from any use of the Union of the item is probable and that economic benefit can be measured reliably.
On receipt, donated professional services and donated facilities are recognised on the basis of the value to the Union which is the amount that the Union would have paid on the open market to obtain the services or facilities; a corresponding amount is then recognised in expenditure in the period of receipt.
The Union acts as a banker for its sports clubs and societies, including the Raise and Give (RAG) society. Whilst those student groups activities are operated with a high degree of autonomy, ultimately the Trustees have control over those activities. Therefore, the contributions from the sports and society members are recognised as restricted income in the Statement of Financial Activities on a receivable basis. Funds that are raised for charity by student groups that are deposited with the Union are not recognised as income, as the Union is acting only as an agent; such funds are held within other creditors until paid over to the recipient charities.
- 12 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 15% on reducing balance Computers 25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities.
## **1.7 Stocks**
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow-moving items.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
All financial assets and liabilities are recognised as basic financial instruments which are initially recognised at transaction value and subsequently measured at their settlement value
## **1.10 Taxation**
The charity is exempt from tax on its charitable activities.
## **1.11 Employee benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **1.12 Leases**
Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.
## **1.13 Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.14 Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
- 13 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **2 Critical accounting estimates and judgements**
In the application of the accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis.
## **3 Income from donations and legacies**
|Donated services and facilities
AUB block grant
**Income from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**Student societies and clubs**
Membership
-
10,384
Equipment and resources
-
-
Competitions and other
income
-
844
Events
-
641
**Give it a Go**
Events
-
-
**Student led activities**
Equipment and resources
-
-
Events
-
-
-
11,869|**Unrestricted**
**funds**
**2025**
**£**
**Unrestricted**
**funds**
**2024**
**£**
12,750
12,750
225,000
275,334
237,750
288,084
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2025**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
10,384
-
11,840
11,840
-
-
851
851
844
-
63
63
641
-
487
487
-
-
1,525
1,525
-
107
-
107
-
502
-
502
11,869
609
14,766
15,375|**Unrestricted**
**funds**
**2025**
**£**
**Unrestricted**
**funds**
**2024**
**£**
12,750
12,750
225,000
275,334
237,750
288,084
**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2025**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
10,384
-
11,840
11,840
-
-
851
851
844
-
63
63
641
-
487
487
-
-
1,525
1,525
-
107
-
107
-
502
-
502
11,869
609
14,766
15,375|
|---|---|---|
|||288,084
**Total**
**2024**
**£**
11,840
851
63
487
1,525
107
502|
|||15,375|
## **4 Income from charitable activities**
- 14 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
|**5**|**Income from other trading activities**|||
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Fundraising events|5,405|12,654|
||Merchandise sales|1,270|2,847|
||Other trading activities|6,675|15,501|
|**6**|**Income from investments**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest receivable|1,854|6,991|
|**7**|**Expenditure on raising funds**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Fundraising**|||
||Merchandising costs|272|4,547|
||Fundraising events|9,055|43,262|
|||9,327|47,809|
- 15 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **8 Expenditure on charitable activities**
|**Expenditure on charitable activities**||
|---|---|
|**Student**
**Democracy and**
**Student Campaigns**
**NUS extra Student Led**
**societies and**
**clubs**
**representation experience**
**activities**
**2025**
**2025**
**2025**
**2025**
**2025**
**2025**
**Direct costs**
**£**
**£**
**£**
**£**
**£**
**£**
Trustee and staff remuneration
20,151
29,714
17,283
19,807
-
20,328
Equipment
3,734
-
-
-
-
-
Membership
1,239
-
-
-
-
-
Competition entry
1,869
-
-
-
-
-
Venue hire
9,886
-
-
-
-
-
Coaching and instructors
2,150
-
-
-
-
-
Miscellaneous
121
-
285
-
-
21
Advertising
-
-
-
-
-
1,255
Printing
-
-
-
-
-
5
Travel and subsistence
-
-
-
-
-
540
Student Union President costs
-
-
726
-
-
-
Student Union Vice President costs
-
-
493
-
-
-
Hospitality
139
-
-
-
-
120
Training
427
-
-
-
-
-
Affiliation fees
-
-
-
-
6,775
-
39,716
29,714
18,787
19,807
6,775
22,269
**Share of support and governance costs (see note 9)**
Support
27,665
43,035
24,591
29,202
-
29,203
67,381
72,749
43,378
49,009
6,775
51,472
**Analysis by fund**
Unrestricted funds
-
72,749
43,378
49,009
6,775
51,472
Restricted funds
67,381
-
-
-
-
-
67,381
72,749
43,378
49,009
6,775
51,472|**Total**
**2025**
**£**
107,283
3,734
1,239
1,869
9,886
2,150
427
1,255
5
540
726
493
259
427
6,775|
||137,068
153,696|
||290,764|
||223,383
67,381|
||290,764|
- 16 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
|**Expenditure on charitable activities**||||||||**(Continued)**|
|---|---|---|---|---|---|---|---|---|
|**Previous year:**|**Student societies Give it a Go**||**Democracy and**|**Student**|**Campaigns**|**NUS extra**|**Student Led**|**Total**|
||**and clubs**||**representation**|**experience**|||**activities**||
||**2024**|**2024**|**2024**|**2024**|**2024**|**2024**|
**2024**|**2024**|
|**Direct costs**|**£**|**£**|**£**|**£**|**£**|**£**|
**£**|**£**|
|Trustee and staff remuneration|14,515|11,830|33,353|28,450|26,085|3,092|
21,313|138,638|
|Equipment|7,412|63|2,043|-|-|-|
9,195|18,713|
|Membership|1,026|-|-|-|-|-|
-|1,026|
|Activities and events|2,190|26|-|-|-|-|
2,004|4,220|
|Competition entry|543|-|-|-|-|-|
-|543|
|Venue hire|6,411|35|-|-|-|-|
381|6,827|
|Coaching and instructors|4,505|5,688|-|-|-|-|
-|10,193|
|Miscellaneous|102|-|-|525|-|-|
50|677|
|Advertising|40|61|774|-|-|-|
1,510|2,385|
|Printing|-|-|-|-|-|-|
58|58|
|Travel and subsistence|839|-|114|-|-|-|
46|999|
|Student Union President costs|-|-|-|1,363|-|-|
-|1,363|
|Student Union Vice President costs|-|-|-|1,445|-|-|
-|1,445|
|Hospitality|-|-|-|-|-|-|
172|172|
|Training|154|-|-|-|-|-|
-|154|
|Affiliation fees|-|-|-|-|-|9,982|
-|9,982|
||37,737|17,703|36,284|31,783|26,085|13,074|
34,729|197,395|
|**Share of support and governance costs**|**(see note 9)**||||||||
|Support|15,850|14,266|38,043|33,288|30,119|3,170|
23,777|158,513|
||53,587|31,969|74,327|65,071|56,204|16,244|
58,506|355,908|
|**Analysis by fund**|||||||||
|Unrestricted funds|-|-|74,327|65,071|56,204|16,244|
58,506|270,352|
|Restricted funds|53,587|31,969|-|-|-|-|
-|85,556|
||53,587|31,969|74,327|65,071|56,204|16,244|
58,506|355,908|
## **8 Expenditure on charitable activities**
- 17 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **9 Support costs allocated to activities**
|**Clubs and**
**Societies**
**Democracy**
**and**
**representation**
**Student**
**experience**
**Campaigns**
**Student Led**
**activities**
**2025**
**2025**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**£**
**£**
**Basis of allocation**
Trustee and staff
_Based on time spent_
remuneration
14,941
23,241
13,281
15,771
15,771
Depreciation
_Based on time spent_
670
1,040
594
706
706
Operating lease charges
_Based on time spent_
2,294
3,570
2,040
2,423
2,423
Advertising
_Based on time spent_
280
440
250
295
298
Licenses
_Based on time spent_
1,572
2,445
1,397
1,659
1,659
Trustee and committee
_Based on time spent_
meetings
31
48
28
33
33
Bank charges
_Based on time spent_
225
351
200
238
238
Website costs
_Based on time spent_
2,017
3,136
1,792
2,128
2,128
Training and conferences
_Based on time spent_
3,167
4,927
2,815
3,343
3,343
Office equipment
_Based on time spent_
1,332
2,071
1,183
1,407
1,405
Postage and stationery
_Based on time spent_
28
43
25
30
29
Sundries
_Based on time spent_
185
289
166
196
196
Independent examiners fee_Based on time spent_
923
1,434
820
973
974
27,665
43,035
24,591
29,202
29,203|**Total**
**Total**
**2025**
**2024**
**£**
**£**
83,005
77,392
3,716
5,726
12,750
12,750
1,563
13,602
8,732
7,277
173
226
1,252
2,409
11,201
8,362
17,595
20,228
7,398
4,358
155
552
1,032
461
5,124
5,170
153,696
158,513|
|---|---|
- 18 -
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **10 Trustees**
During the year the charity paid the following trustees' remuneration:
|Ed Earl
*1
Hannah Malone
*2
Gabrielle Parker
*3
Beth Evans
*4
Aditi Chotra
*5
Amelia Mitchell
*6|**Gross**
**Pay**
**Pension**
**Contributions**
**Gross**
**Pay**
**Pension**
**Contributions**
**2025**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**£**
-
23,794
535
-
23,999
541
23,175
-
2,305
45
16,445
-
2,305
-
2,075
-
-
-
2,075
-
-
-
43,770
-
52,403
1,121|**Gross**
**Pay**
**Pension**
**Contributions**
**Gross**
**Pay**
**Pension**
**Contributions**
**2025**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**£**
-
23,794
535
-
23,999
541
23,175
-
2,305
45
16,445
-
2,305
-
2,075
-
-
-
2,075
-
-
-
43,770
-
52,403
1,121|
|---|---|---|
|||1,121|
- *1 President Academic Year 2023/24
- *2 Vice President Academic Year 2023/24
- *3 President Academic Year 2024/25
- *4 President Student Experience - Academic Year 2024/25
- *5 President Academic Year 2025/26
- *6 President Student Experience - Academic Year 2025/26
The President and Vice President, as elected during the year, were the only Trustees to receive any remuneration and this was for their representation, campaigning support, managerial and operational work and distinct from their Trustees responsibilities and as authorised by the AUBSU governing document.
No other Trustees received remuneration for their services. The Board of trustees consider themselves to be the Key Management Personne. The remuneration of Key Management Personnel totalled £43,770 (2024: £53,524).
## **Trustees' expenses**
The reimbursement of Trustee expenses was as follows:
|Travel and Subsistence
Events|**2025**
**No**
2
3
5|**2025**
**£**
81
224
305|**2024**
**No**
2
-
2|**2024**
**£**
142
-|
|---|---|---|---|---|
|||||142|
## **11 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Trustees|2|2|
- 19 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
|**11**
**Employees**
**Employment costs**
Wages and salaries
Other pension costs
Consultancy|**(Continued)**
**2025**
**2024**
**£**
**£**
128,249
214,909
-
1,121
128,249
216,030
62,038
-
190,287
216,030|
|---|---|
There were no employees whose annual remuneration was more than £60,000.
Included above are recharged costs for salaries, employees national insurance and pension costs of £83,858 (2024: £150,794) for staff who were employed by Arts University Bournemouth (AUB) but utilised by AUBSU for events, sports and office assistance.
The average number of staff employed through AUB but used by AUBSU is 4 (2024:7)
## **12 Independent Examiners Fees**
|Independent Examiners fees for the examination of the financial statements|**2025**
**£**
5,124
5,124|**2024**
**£**
5,170
5,170|
|---|---|---|
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 20 -
## **ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
|**14**|**Tangible fixed assets**||||
|---|---|---|---|---|
|||**Fixtures and**|**Computers**|**Total**|
|||**fittings**|||
|||**£**|**£**|**£**|
||**Cost**||||
||At 1 August 2024|4,945|30,666|35,611|
||Disposals|(306)|(15,601)|(15,907)|
||At 31 July 2025|4,639|15,065|19,704|
||**Depreciation and impairment**||||
||At 1 August 2024|3,672|18,332|22,004|
||Depreciation charged in the year|180|3,535|3,715|
||Eliminated in respect of disposals|(230)|(11,003)|(11,233)|
||At 31 July 2025|3,622|10,864|14,486|
||**Carrying amount**||||
||At 31 July 2025|1,017|4,201|5,218|
||At 31 July 2024|1,273|12,334|13,607|
|**15**|**Stocks**||||
||||**2025**|**2024**|
||||**£**|**£**|
||Merchandise for resale||-|272|
|**16**|**Debtors**||||
||||**2025**|**2024**|
||**Amounts falling due within one year:**||**£**|**£**|
||Amounts owed by Arts University Bournemouth||91,692|26,524|
||Prepayments and accrued income||1,625|8,961|
||||93,317|35,485|
|**17**|**Creditors: amounts falling due within one year**||||
||||**2025**|**2024**|
||||**£**|**£**|
||Other taxation and social security||346|317|
||Other creditors||-|189|
||Accruals and deferred income||28,951|6,498|
||||29,297|7,004|
- 21 -
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **18 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1 August**|**Incoming**|**Resources**|**Transfers**|**At 31 July**|
|---|---|---|---|---|---|---|
|||**2024**|**resources**|**expended**||**2025**|
|||**£**|**£**|**£**|**£**|**£**|
|Give it a go||3,104|-|-|-|3,104|
|Student societies and clubs||-|11,869|(67,381)|55,512|-|
|||3,104|11,869|(67,381)|55,512|3,104|
|**Previous year:**|**At**|**1 August**|**Incoming**|**Resources**|**Transfers**|**At 31 July**|
|||**2023**|**resources**|**expended**||**2024**|
|||**£**|**£**|**£**|**£**|**£**|
|Give it a go||3,104|1,525|(31,969)|30,444|3,104|
|Student Societies and clubs||-|13,241|(53,587)|40,346|-|
|||3,104|14,766|(85,556)|70,790|3,104|
Restricted Funds represent:
Give it a go - A programme funded by the National Lottery through the English Sports Council with the aim of increasing participation in sport to those who do not regularly participate in sport, through free or subsidised sessions.
Student societies and clubs - Represents student group balances held by Individual societies are spent at their discretion subject to the Unions rules.
## **Transfers between funds**
Transfers from unrestricted funds to the Give it a go and Student societies and clubs restricted funds were made during the financial year to cover the deficits arising on the respective activities.
- 22 -
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **19 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1**|**August**|**Incoming**|**Resources**|**Transfers**|**At 31 July**|
|---|---|---|---|---|---|---|
|||**2024**|**resources**|**expended**||**2025**|
|||**£**|**£**|**£**|**£**|**£**|
|General funds||126,822|246,279|(232,710)|(55,512)|84,879|
|**Previous year:**|**At 1**|**August**|**Incoming**|**Resources**|**Transfers**|**At 31 July**|
|||**2023**|**resources**|**expended**||**2024**|
|||**£**|**£**|**£**|**£**|**£**|
|General funds||204,588|311,185|(318,161)|(70,790)|126,822|
|**Analysis of net assets between**|**funds**||||||
|||||**Unrestricted**|**Restricted**|**Total**|
|||||**funds**|**funds**||
|||||**2025**|**2025**|**2025**|
|||||**£**|**£**|**£**|
|**At 31 July 2025:**|||||||
|Tangible assets||||5,218|-|5,218|
|Current assets/(liabilities)||||79,661|3,104|82,765|
|||||84,879|3,104|87,983|
|||||**Unrestricted**|**Restricted**|**Total**|
|||||**funds**|**funds**||
|||||**2024**|**2024**|**2024**|
|||||**£**|**£**|**£**|
|**At 31 July 2024:**|||||||
|Tangible assets||||13,607|-|13,607|
|Current assets/(liabilities)||||113,215|3,104|116,319|
|||||126,822|3,104|129,926|
## **20 Analysis of net assets between funds**
- 23 -
**ARTS UNIVERSITY BOURNEMOUTH STUDENTS' UNION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025**
## **21 Related party transactions**
AUSBU is in receipt of a block grant from the Arts University Bournemouth (AUB) of £225,000 (2024: £275,334). Of the grant £141,142 (2024: £124,540) was receivable in cash with the residual £83,858 (2024: £150,794) retained to cover recharged costs for salaries, employers' national insurance and pension costs where the staff are employed through AUB but used by AUBSU for various events, sports and assistance.
AUBSU occupies the Arts University Bournemouth building on a rent-free basis under an informal arrangement. The Trustees have valued the donated rent and accounting services with reference to market rents and costs at £12,750 (2024: £12,750).
At 31 July 2025, the Arts University Bournemouth owed the charity £91,692 (2024: £26,524). The debt is unsecured interest free and repayable on demand.
## **22 Controlling party**
The Union is controlled by the Executive Committee which is subject to democratic election by the voting membership of the Union. The ultimate control of the Union is vested under the constitution in the membership in general meeting. There is no single controlling party.
- 24 -
The Trustees Arts University Bournemouth Students Union Arts University Bournemouth Wallisdown Bournemouth Dorset BH12 5HH
Schofields Chartered Accountants Unit 1 St Stephens Court 15-17 St Stephens Road Bournemouth BH2 6LA
Dear Sirs
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity’s financial statements for the year ended 31 July 2025. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.
## **General**
**1.** We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
**2.** We confirm that the charity was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 July 2025 audited.
**3.** We have fulfilled our responsibilities as trustees as set out in the terms of your engagement letter, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
**4.** All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.
**5.** All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
**6.**
- The financial statements are free of material misstatements, including omissions.
**7.** We confirm agreement to the accounts adjustments, as per the attached appendix, made to the Deficit reported per the management accounts.
## **Assets and liabilities**
**8.** The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
**9.** All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
**10.** There were fixed asset disposals in the year ended 31 July 2025, totalling a Net Book Value on disposal of £4,674.
**11.** We have no plans or intentions that may materially alter the carrying value or classification of assets and liabilities reflected in the financial statements.
**12.** We confirm the value of merchandise inventory to be £Nil as at 31 July 2025.
**13.** We confirm cash held amounted to £18.82 as at 31 July 2025.
**14.** We confirm that the charity did not hold any funds as custodian Trustee on behalf of either the Raising and Giving or any other groups as at 31 July 2025.
## **Accounting estimates**
15. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.
## **Legal claims**
16. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.
## **Law and regulations**
17. We have disclosed to you all known instances of non-compliance or suspected noncompliance with laws and regulations whose affects should be considered when preparing the financial statements.
## **Related parties**
18. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.
## **Subsequent events**
19. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
## **Going concern**
20. We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.
## **Grants and donations**
21. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. We confirm that the charity met all performance criteria set out by the fund agreements in situ during the financial year ended 31 July 2025 and thus no clawback of funds are anticipated.
## **Fund transfers**
22. We confirm that all transfers between funds were formally approved by the Trustees at properly convened Board meetings. We confirm the following transfer from unrestricted funds to cover restricted fund deficits was made at 31 July 2025:
||Dr|Cr|
|---|---|---|
||£|£|
|Core Funds|55,512||
|Clubs and societies||55,512|
|Social SportingActivities – Give it a Go||-|
||**55,512**|**55,512**|
We acknowledge our legal responsibilities regarding disclosure of information to you as Independent Examiners and confirm that so far as we are aware, there is no relevant information needed by you in connection with your independent examination of which you are unaware.
Yours faithfully
.............................................................................................................. Signed on behalf of the board of Arts University Bournemouth Students Union
Date 16[th] April 2026
Ac AM
_**N3**_
**The Arts University Bournemouth Students Union Deficit reconciliation Year ended 31 July 2025**
|**The Arts University Bournemouth Students Union**
**Deficit reconciliation**
**Year ended 31 July 2025**|**_N3_**|
|---|---|
|**Dr**
**Cr**
**£**
**£**
**Deficit per management accounts**
**1 **Support costs
574.62
External fees
654.32
Prepayments
1,228.94
1,228.94
1,228.94
**Being the de-recognition of the holiday pay accrual and adjustment for PPL**
**prepayment**
**2 **Other debtors
76,142.42
Prepayments
76,142.42
**Being the reclassification of accrued income to Amounts due from AUB**
**3**Depreciation charge for the period
879.36
Loss on disposal of fixed assets
612.18
Dep F & F
0.09
Dep - IT equipment
267.62
IT equipment accumulated deprecation
1,223.83
1,491.54
1,491.54
**Being to correct historic under provision of depreciation and correct carrying value**
**4 **Accountancy
330.30
Affiliation fees
36.44
Accruals
366.74
366.74
366.74
**Being adjustments to accruals**
**5 **Merchandising costs
272.00
Stock
272.00
**Release 2024 FY Stock sold/consumed in year**
**Deficit per statutory accounts**|**Impact on**
**Deficit**
**£**
(38,584.22)
(1,228.94)
(1,491.54)
(366.74)
(272.00)|
||**(41,943.44)**|