Company number
06967378
Charity number
1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
I COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED REPORT AND
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JULY 2023
GMS FC
Chortered Certifièd Accountants
Ststutory Auditows
1 LONDON ROAD
IPSWICH, SUFFOLK, IP12HA
*ALtIviui*
27108r2￿24
COMPANIES HOUSE
#180

UNIVERSITY OF SUFFOLK STUDENTS. UNION
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
INDEX
Pages
Company information
Trustees rer
Auditors, report
Statement of finanaal activthes -
l incorporating an Income and expenditure a¢￿unt)
10
Conslidaled Balance sheet
11
Company Balance sheet
12
Notes to the financial statements
13-20
Consolidated Ststement of cash liows
21

Company number 06967378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
COMPANY INFORMATION
AS AT 31 JULY 2023
COMPANY NUMBER
C6967378 Registered in England & Wales
TRUSTEES AND DIRECTORS
Ms. Lou Chiu
Ms. Jessie Leong
Mi. Alex Gooeh
Ms. Megan Wright
Mr Lev4is Woolston
Miss Katherine Pickard
Ms. Kelly Lambert
Mr Tyler Payne
Ms. Hollie Gregg
(Resigned 31107r23)
(Resigned 3011112022)
(Resigned 14109r22)
COMPANY SECRETARY
Ms. Jumara Sione
STUDENT OFFICER cOMMI￿EE
Alex Gooch
Jude Dzregah
Dean McGeachie
Bernard Harrison
Jamie Steele
Jessica Howard
Alexandra Corriea
Sam Clarke
Axel Medca
James Lea
Leesha Daniels
Gabof Bainoczi
Emmanuel Afolabi
Presklenl of EdUCat￿n
BAME Officer
Business Schod Officer
EAST School Officer
Heatih and Sports Sciertce Officer
LGBT Officer
Mature Students Ofticer
S(Kial Science and Humanit￿$ School Officer
Students wth Caring Responsibilities Officer
Students with Di8abilit*s Officer
Womans Offi￿r
LSC London Offi
Postgrad Officer
Page 1

UNIVERSITY OF SUFFOLK STUDENTS. UNION
COMPANY INFORMATION
AS AT 31 JULY 2023
PRINCIPAL AND REGISTERED OFFICE
University of Suffolk Students, Union. Library Buikling, Neptune Quay. Ipswch. IP4 1QJ.
CHARITY NUMBER
1153426
SENIOR STATUTORY AUDITOR: Chrtstopher Smith FCA. ACCA
AUDITORS
GMS FC
Chartered CerbfEd A¢Gountants &
Statutory audrtors
1 London Road
Ipswich
Suffolk
IP1 2HA
SOLICITORS
i Bates Wells & Braithwaile London LLP
. 2 - 6 Cannon Street London EC4M 6YH
BANKERS
Barclays Bank plc, Princes Street, Ipswch. IP1 1 PB.
WEBSITE
www.uosunion.
Page 2

Coffwany number 06967378
Chanty number 1153426
UNIVERSITY OF SUFFOLK STUDENTS, UNION
TRUSTEES REPORT
FOR THE PERIOD ENDEO 31 JULY 2023
The Trustees present their ftfteenth report and the Company's financial statements for the year ended
31 july 2023. The financial statements have been prepared in accordance with the accounting policies
set out in note I to the accounts and comply with the Company's constitution document, the Charities
Act 2011. the statement of recommended practice.. Accounting ènd Reporting by Charities 2015 IFRS
1021 and the requirements of the Companies Act 2006.
strurtuiè. Governance and Management
The University of Suffolk Students. Union IUOSSUI is a company limited by guarantee having no share
capltal, formed by its constilution document, the Memorandum and Articles of A5$0Ciation, and under
the Companies Att 1985 to 2LN)6. UOSSU is a registered charity Icharity number.- 11534261. registered on
15 Augv5t 2013. The charity was established to serve its members. students at the University of Suffolk.
The Board of Trustees is responsible for UOSSU'S finanoal. legal, and charitable affairs. Student Council Is
responsible for UOSSU'S democratic processes and priorities for UOSSU'S charitable services. The
Student Officer Committee. in conjunction with staff members. is responsible for the day-to-day running
of UOSSU'S activities. Those who served on the Student Officer Committee are elected annually by secret
ballot of ihe members.
Trustees continue to be appointed in the followin8 Ways:
- Sobb•ii(al Trustees- Up to two sabbatical trustees may be appointed by secret ballot of the members
'for a term not exceeding two years. Sabbatical Trustees are elected student leaders and representatives
who are employed by UOSSU.
Student Trustees- Up to two student trustees may be elerted by a majorityvote of the Student Council
from those nominated by the Appointments Committee. Student Tfustees are volunteers.
External Tru51ee5- Up to four external trustees are appointed by a simple majority vote of the Student
Council from persons nominated by the Appointments Committee to serve a three-year term. with re-
election possible for an additional term. The maximum term of office is six years. External Trustees are
volunteers.
Members of tho UOSSU Board of Trustees {1 August 2022- 31 July 20231
Lou Chiu
External Trustee and Chair of the Board
Sabbatical Trustee, President of Education12022-
2023)
Alex Gooch
Completed on 14 Juty 2023
Cornpleled on 14 November
2022
riiegan Wright
Sabbatical Trustee, President of Activities and
Wellbein
2022-20231
Sabbat￿1 Twstee. President of Educalion12023-
2024)
Sabbatical Trustee, President of Activities and
Wellbeing12023-20241
Sludenl Trustee
Lewis Woolston
Slarted on 3 Juty 2023
Katie Pi¢kard
Started on 3 Juty 2023
Hollie Greg
Kell Lambert
T lerPa
ne
Jessie Leon
Completed on 14 September
2022
Siarted on 31 Janua
Started on 31 Janua
Student Trustee
StLsdenl Trustee
Extemal Trustee
2023
2023
Andrew Crowe
Extemal Trustee
Completed the role on 18
Au
ust 2022
Page 3

Company number 06967378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
TRUSTEES REPORT
FOR THE PERIOD ENDED 31 JULY 2023
UOSSU Leadership and Turnaround Period
Dvring this period. we experienced a significant change in leadership. Jumara Stone. CEO. joined
UOSSU in October 2022. During this time. a Head of Operations and Head of Membership were
also appointed. To best support the new leadership team and re-establi5h firm foundations after
the instability that resulted from the global pandemic and the deporture of the forrner CEO and
Chair of the Board in the previous year. the Board of Trustees elected to enter a turnaiound
period. This began in February 2023 and continued into 2024. The Board of Trustees were
supported by 3 TLbfnaround Board. who acted as expert consultants during this time. The laner's
scope consisted of five pillars of work=
Charitable Governance
* Student Voite
Student Engagement
Human Resources
Financial Compliance and Management.
The Turnaround Board was $ele￿ed based on the ski115 and needs analyshs of the Board of
Trustees. It in¢luded volunteer5 from the National Union of Students and Govemance, HFgher
Education, People Development. Charity Recruitment and Financial sectors.
Objertives and Artivities
The objective5 of the SU are to advance students. educational and social experiences whilst ai ihe
University of Suffolk and for the public benefrt bv:
Promoting the interests and welfare of students at the University of Suffolk
during their course of study and representin& supporting and advising students.
Being the recognised repfesentatrve channel between students and the
Unbversity of Suffolk and any other external bodies,. and providing social, cultural.
Sporting. and recreational a¢tivitie5 and forums for discussion and debate for the
personal devebopment of its students.
Actlvities
The Students, Union has adapted to changing Siudent needs ènd external circumstances. We
have observed shifts in spending and social habits, leading to a blended model of traditional night
economy events alongside more non-drinking events. Welcome Week continued with barbeques,
crafts and brunches with new and returning students.
The cost-of-living crisis has remained a focal point, and we have continued the Successful C05t of
Living campaign led by the President of Education. This campaign has been 5tudent-led, with
students volunteering at events, packing lunch bags. and supporting our sabbatical officers.
requests for support and relief. such as Iree studer)t car parking. The social space offers warmth
while attending movie nights and celebrating seasonal festivitie5. attractin8 SUPPOrt from local
MPS.
Page 4

Company number C6967378
Charity nUm￿r 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
TRUSTEES REPORT
FOR THE PERIOD ENDED 31 JULY 2023
Shop SU and the Social Space
The social space has continued to see regular use. particularly due to the University's Health and
Wellbeing building nearby. In March 2023. the decision was made to temporarily close the SU
Shop. In May, the Head of Operations position was created to focus on reopenin8 the shop and
making il successful while managin8 the Finance and HR departments. The shop reopened in
September with a self-service POS system and front-of-house staff 5UPPOrting it.
UOSSU continues to receive a block grant frorn the University as tts primary funding source. with
plans to develop commercial revenue opportunities. A new joint projett with the University aims
to establish a barlcafé on campus. Acr has been offered the v5e of James Herriot Hall, an
organi5ation whose core values align with UOSSU'S mission- working a5 a Social enierpfise and
supporting the community. ACT has a café in Suffolk that supports refugee5 in the area, and rts
aims directly align with what we want in the SU. We are grateful for the university's SUPPOrt in
ensuring the Su's involvement in forming this partnership with Acr.
SU Represematlon
We have continued our commitmentto student leadership through course rep5, elected officials.
club and society committee members. and student volunteers. A priority has been developine
core liberation activities such as Reclaim the Night. the Cost-of-Living Campaign, and
International Women's Day. We are also devebping an associated brand to engage members in
student democracy.
SU Opportunities
This year, we have strategically reduced our BUCS and social 5POrts to focus on areas of sport that
meet students, needs. The team has been tasked with creating a summer line of events to
maintain engagement with our students who remain on campus over the summer. such as
international and commuting students. Traditional￿, all SU activitie5 Stop after term 3. Clubs and
societies have continued to provide students with opportunities to meet others who share
interests and hobbies.
SU Comrnunications and Events
Welcome Week saw hundreds of students participating and meeiing new people. Freshers, fairs
included stands from the local community. univeTsity support teams, and the VCSE sector. We
have developed our social media reach and engagement, focusing on Insta8ram and TikTok. We
also continuously work on Facebook to engage with the 18-24-year-old demographic. which
comprises a high percentage of our current student body.
In May, we held the annual SU Student and Staff Awards n￿ht to celebrate the year's
achievements. with categories including Campaign of the Year. Lecturer of the Year. and more.
Thi5 night replaced the end-of-year Summer Ball. deemed too costly to put on thi5 year. The
Awards N￿ht was received very well, and all who attended said it was a lovety way to en(J ihe
year.
SU Advice
The Advice Service continues to offer online and in-person aprA)intments with allocated drop-in
sessions for student5 who may need urgent support without an appointment. The team has also
used key campaign weeks. such as the Elections period and Welcome Week. to create drop-in
'coffee and cake, chats, sharing what the ser¥Ke offers to students considerin8 approaching the
su.
Pa9e 5

Company number 06967378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
TRUSTEES REPORT
FOR THE PERIOD ENDED 31 JULY 2023
Academic appeals continue to be the key area where students have been supported. An
emerging theme comes from new student cohorts looking for preventative mental health
support, an activity we will invest in for the upcoming year. A growing port of our Advice
Service is the Food Bank. which ha5 Seen an increase in use this year, and we predict it will
continue in the Coming year while we are in the c05t-of-living crisis. This has greatly helped
5UPPOrt students in need and has demonstrated how badly students are struggling
financially.
Financial Review
Management accounting was undertaken throughout the year. made available within
Trustee Board papers, and presented to the Board at each meeting.
The gross income of the SU totalled £603,607, comprised mainly of the UniversiW5 block
grant contribution. Additional income through our marketing function has been low.
The Student Awards NTr8ht celebrated student land staff) achievements, which the team
delivered brilliantly. Over 120 people attended, demonstrating all the work our students are
doing and how thewre engaging with the SU.
. Statement of Trustee￿ Responsibilities Concerning the Financial Ststements
The Trustees must prepare account5 for each financial year that 8ive a true and fair view of
the state of affairs of the SU and the surplu5 or deficit of income over expenditure for that
period. In preparing those accounts. the Trustees are required to follow best practices and-
Select 5Uitable accounting policies and appfy them consistently.
Make judgements and estimates that are reasonable and prudent.
Assess whether the policies adopted are in accordance with the Statement of .
Recommended Practice relating to charities and with applicable accounting standards.
subject to any material departures disclosed and explained in the financial statements,. and
Prepare the financial statements on a going concern basis unle5S it is inappropriate to
presume that the charity will continue its operations.
The Trustee5 are responsible for maintaining proper accounting records that alway5 disclose
the charity's financial position with reasonable accuracy and enable them to ensure that the
financial statements comply with the Charities Act 2011, the Statement of Recommended
Practice.. Accounting and Reporting by Charities 2015 IFRS 1021, and the provisions of the
constitution. They are also responsible for safeguarding the charity's assets and taking
reasonable steps to prevent and detect fraud and other Ir￿ular1tie5.
The Trustees have taken all necessary steps to become aware of any relevant audit
information and to establish that the companws auditor5 are aware of that information.
Page 6

Company number 06967378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
TRUSTEES REPORT
FOR THE PERIOD ENDED 31 JULY 2023
Auditors
GMS FC was appointed as auditors of the company in accordance with section 485 of the
Companies Act 2006. and a resolution proposing their reappointment will be put to the annual
general meeting.
Small Company Provision
This report has been prepared in accordance with the special provisions of part 15 of the
Companies Act 2006 relating to smaller companies.
This report is approved and 51Bned by the Chair of the Board of Trustees, Ms Lou Chiu.
Ms Louise Wai-yin Chiu
External TrLbStee and Chair of the Board (Aug 2022-Jul 20231
Pa9e 7

Company number 06967378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
OEPENDEMT AUDITORS REPORT
Report of the Auditors io the & Membw5 ofthe Unily￿lty ofsuffolk Siudwts. UniDn
Oplnion
We have audited the financk71 slalernents of Ihe Uni¥ersty of Suffolk Students Union Ithe'parenl c￿panY') aThJ its
subsidkAries Ilhe'group'l set out on palles 10 10 20. p￿pared in 3ccordarKe Ihe polic18S Sel LNJt on page 13 forth
yearended 31 Juty 2023 and thith wprise statement olfinanuai actr¥rties Iincorporalirs a Ir￿e
and eX￿nd￿Ure a￿UntI, the balan￿ sheet and related notes. The finanual retX)thng tramework that has
been applied In their piepaiation ts applicab* lèw and Unrted Kingdom AixwntiNJ standa￿$. Including
Finanaal Rewrting StaTrJard 102 The FIna￿alRep￿frThJ Standard a￿￿Kable in Ihg UK andRepub*c
of Ireland Iunited Kingdom Ger*ralty Accepted Accounting Pracbc•l
In ￿r¢pInIon. Ihe finan0* slatements.
. give a true and fair view ol the stale ofthe 9roup and charithbk affairs as al the 31 July 2023
and of the group's incomin9 ￿￿J¥c8S and app1Ka1￿ ofwuros. Ir￿￿1n9 rfs Ir￿ome and expend*urÉ
forthe 31 Juty 2023 then ended.
' have been propety I￿pared in ac£orOarKeMdh United K￿l9c￿ Generally Accepted knnting
Pradi¢e." aryj
. hav* bEen prepared in acL*i￿nCe the requiremenls ofthe Ctyyyonw Ac* 2(#J6 and statemenl
of reo)mmended praclKe.' xuun*"TrJ and reF4Xtiry ty tharitie8 ISORP 2015 IFRS10211.
Basls foropinion
We conducted ouraudil in ac£ordance with Internalh?nal SlaThJard5 on IUKI IISAS IUKII 3pplicab
law. Our respwsibilities underlhox stsndard5 are furfher described in the A￿Yrto￿ re5pongkntst￿5 for the auort
of finanoal slalemen15 Section ol our report We ale indewndenl of the group and parent C￿panY in 3ccordanc¢
wrth the ethical requiremenls that are rekvant to our audrt of Ihe finawal slalerren15 m the UK. iTr¢lut1ing the FRCS
Ethi¢o1 standard. and * h•ve fvlfilw our olher eth￿1 reSpon￿lit*S in axw¢Janre these requireff*nts.
We tel*ve'lhal the audrf evidence we have obtained s suifK*nt and apwpnaie 10 provwje a ba515 for our opinw.
on¢lu$lorts r¢laiing to golrty ¢on¢*m
We have not￿9 lo rep)rt tn respea olthe fol￿￿ThJ fflatter5 in relalion the ISAS (UK) require ￿ lo rewt lo
you where".
' the Iwslees. use of the COr￿M bas￿ of ac£rJunling in prepar*ion ofthe hanc*?15tatements ￿ not
appropriak." or
. the Iruslees have not disdosed in the finanoal statemenls any Nlenlrf*d m*ii•l ur*ertaint*s that may cast
signfficant doubt about the group or paienl ccmpanys a￿lty10 continue to **)pt the 9oing corttrn basts of
accounting for a pBfiod ol at kna5t monts Irryn wI￿n the financial statemerts for 5sue.
Other intomiation
The elher Inforrnatm comprisesthe irfcffjwlwjn indthled ￿ the amual rerN)rt dherthan the fina￿￿?1 slatements and
our audilofs reportthereon The Irus¢ees are respon5** lorthe ¢)thei infoimalwjn ¢￿taIned %¥ithin the annual r¢ptsrt.
Ovr wnion on Ihe finane*l si*meths d¢)es not ¢o¥er Ihe other InfrJml¥i￿tin ¥TrY. ex¢epl to the extent ￿heMse
exlicitiy staled in our report. we do not exk¥ess any lom) of assurance ¢ondu$*)n lh¢￿0￿.
Our respOnsi￿lty is to read the other Informal￿￿ and. In dthrvj so. con8KlerW￿ther Ihe other Informat￿ i
malerialw inconsistent with Ihe financial 51ateffents or our knowkdge Obtsi￿d In the C￿jr5e of Ihe audit or
otherwix appear510 be malenaNy miststed. Il** Identtysuch material IrKons151enc￿s or apparent mater￿81
ffl151alements. ￿ are requi￿10 determine whether this gNes rise to a fflaknal mislalement in the financial
slatement$ themselves. Ir. based on Ihe we have perf￿ffle￿, t(%￿Ude lhalthe￿ s a material mist8tsrT*nt
of this other informal￿n. tA* are iequired lo wort Ihat fact.
We have nothing t¥ rEPOrt in thy& ￿arlI.
Oplniorts on other matters pr88crlbed ty the Cl>m￿nIeS Act 2006
In our opinion, based on the woth undertaken in the course of the
. the infoma*on gNen in the trustee's rep)rt. whKh ind￿the diredors repNI prepar•a IOT cunpèny
law wrposes, forthe finanoal ￿arIOrwh￿h the fmancial statements8r• prepared is con515tent With
Ihe financbal ststernenls,. 3nd
' the strate9¢ ieport and Ihe diree¢ots report indwjed the IrusleEs reFTht has teen wepared in
ac¢ordance with •pp1K0￿¢ legal ￿quIrem￿ls.
Matt•r8 on whlch we are requiT8d to report by ejrcetylon
In the I￿h1 oflhe kn￿edge and un¢Jerslanding of gr￿1p parenl company aTrJ it5 envxonrnEnl obtained in the
course of the a¢)Jrt. we ha￿ noi bjentir￿￿ Ma*￿1 ms*aw*nts in the trustees rewL
Con*"nued o¥er.......................

CoMFony wmt*r 06967378
Ch8ntynLKrknr 1153428
UNIVERSITY OF SUFFOLK STUDENTS. UNION
114DEPENDENT ALThTORS REPORT ICOMnl&ED)
We ha¥e Mthirwj in wi ofts f0kn7￿ rn•rs Fl 2r
LNres us ￿ repart to rf. w our opnpJi'.
Il have nDI iEen re￿Ned from braYhe5 not Yi5ited ty L* or
. Ihe parent Mmpany fiTra￿ $tstements4re ￿ in 4reern•Mwth th• aLU￿ir¥j recudsand relurr￿.
. wè have Thx all the *itrm8btyl exp&natiws *e
pwue5 ¥ewme
Re$w*n$lbilTrlivs oltrusfees
A5 explaiDEd tsly In the trLtsbXS' ie5Wl%t1￿ siaknernseial oi p¥ 6thetru5te25 we
rsswsitrAe for the preparaticffj ￿tr* f￿ar￿a•1 staiements sabsw O trL* and
f8if ana for%J¢h intern4 tontrd as Il* Intslee5dEtetrnire s r￿e5%￿Y to enab￿ ihe wep•t8t#)tl
finwcial statements itsl are free from maM31 rnlsstst8m￿i. *tsthEr dUetofra￿￿lx w(Y
In wep3rir#J the fmanoal ststernerts, Ihe tru4o0$4r8 tras*8s8Kw wp's abqty to
AS • cthi(*rn. 1*5cknyng. as malle￿Ie181￿￿ b) WJ
9[￿Trg rnrKem ba&sofaGcounlmg vnl¢$8 ihp tru*e*$ toc*ase
erabons, or have rLO realiti allerTh41¥* rxrt 80.
Avditoe• rEspwJity•lities fov Ihe a￿11101￿￿ financial siatemiits
tree from rnalenal missla￿eN, to fraud to ButhWslÈ￿thaI
ude$ Our ¢p￿￿jn Rea$￿0￿￿ a5SLwance i5 a ofa55urarre. trwJt a guaran1￿ Ihal an
Jdrf cwdLKted ITh I&As (UK} ¥iil deiecia maieri* rniW3trm￿1wth￿ it ex¢5ts.
m￿StatementS can snse trom fla￿ c* erfor aThlgre ￿nS￿lA1 matUiHI if. ¢Y tyi tr* 39g¥egatq
these f￿•n￿OI sr8tem8nis.
Extènt of Pr4x•duw•s to d•t•et ivresulwrii*
10 ￿JÈnI￿n9 and Wuki￿n$ ts cryJNY be exFeded lo a materol trefMrK4al
51atemeDis. ￿rIr& Ihe engagemwi wm t￿rg, the ¢4rt¢owofthese •id erwwie5 were
The fc4tr*mg and ￿ed as Lry a s#￿rv￿¥* enw
f￿8￿81 stanQ8r¢s. Company L￿. Tax and Pemnns
. T￿nSe L*YS regU￿tty)￿s forthrh rA)n￿rnr￿ar￿ rnay kndarnenthi to thÈ¢JperatiTha asFe* of
Itertes. enMionmen*i and heanh & sthty
procedures uNtulaken in the ¢sksre*bty to fr•xl
and r￿n￿(￿nDl18rtt wth knt arf r￿u￿b￿S1 crm￿￿edof Inqu1￿ ofrn¥wmenia￿
8$ low￿1r*r enbty comrI*5 *ith ar48 ￿￿*t￿)n5." enquiTE5 the swie
about￿ aciua or potenbal Iiwn (Y ¢14im$". of rt*vant (We¥￿￿. re¥thv of
board MirArt￿ testhre the approptkn ¢lioUrna￿. 8NJ Ir* perftyMa￿Crfart
lentrfy unexpttthd rnONtments In ¥r£wnl wanos trwt maybe uvJK3tThp offr*J.
No Inslancesofmatenal nan-com&gn¢ewve tr* of¢*etyng ￿rI*S
In￿L￿1￿9 lunthj by Mherent diffuty det￿ Wre9￿1￿*s. Ihe eniW$
corlrols. the Tralure. ImirvJ 8fKJ extert ollhe ￿Irt wttty>Jrts ptyftrmed. Irreg￿nt¢S tst res￿ foxn
fraud rnighl be Inherentty drfftutt to Irw*tths ￿$v￿ frtyn wroi. A%eArd•
abo%*. there n5k Ihal malenal rnwtaIe￿￿MoY￿4 te4*t&*J. IhLM* U
auorf has and ISA'S (UK).
A ltytr*r¢*8eth￿K)Th ofour respons￿￿te5 forthe autht ofthe fir￿r￿al statthmen15 is ¢yi tr*
Fin8nC4ai Rep￿9 cou￿￿.$ at
Jhv*W.tr
forrns port ol our audiws rtpxt.
chnsthph￿ Srnith FCAACCA I$￿*YSt*￿YmK
for andon behalf of GPAS FC
Chartered CeflffiedNU￿ntatyts
StalutoryAtsJiiL¥s
1 LO￿On RoHd
Ipswch
Sultolk
IP1 2HA

UNIVERSITY OF SUFFOLK STUDENTS, UNION
C¢Ynpany number C69S7378
Chai*y number 1153426
CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES FOR TrE PERIOD
ENDED 31 JLILY 2023
Not* Unvtstr¢W R*stri¢i¢d
Ftsnds
Funds
Toial
Funds
2022
2023
INCOMING RESOURCES
Volunlary Income..
Unwer51ty grants
Donated fa¢ilrt*s
Retsil turnover
14
$50,618
30,462 581.080
364.851
7.398
558,016
7,398
30,462 588.478
371.4
Aeiivilies forgenerating lunds."
R¢nL and lees ¢haryBd to
subsidiary
Freshers fair event
NUS extra card income
9.219
9,219
759
9.665
9.315
9.315
In¢oming r*sout¢¢s Irom acliw1i￿.'
Sports & So¢iekne$ incorre
Most a¢tyYe Slwjents
12.192
12.192
Olherlncome..
HMRC Employrnent aiwn¢¢
Marketing fees
Sundry Income
Grant recewj from Uos
4.333
13,595
9,500
28,024
4.154
4.154
Toialincomlng resources
573.145
30.462
603.607
421.377
RESOURCES EXPENDEO
Costs olgenerating fvrtds..
Commercial acti¥ilies
Freshers fairevent
Cost o18ctivities.'
Sports & Societ￿ expendrture
Most $twJent$
Other adNities
Rent and fees charw to trading
Sundry dired costs
11
12.988
12,988
12
78.288
10.494
88.782
77.870
91.276
10.494
101.770
126.855
Governance costs..
Stsff ¢ost$
389.863
389.e*3
317.287
Donated faclrties
General offic* expe￿itUre
Executwe Cornmittee expenses
Trustee Board expenses
Matheiiiig Depart￿￿1
NUS Extra
SuffoM% Union ser¥￿e$ k)an ￿lIe off
oepreus1￿ & oth8rcosl&
Deprecjalion of office equikynenl
Loss on dispo$al of fixed assel
13
13
13
12
12
16.621
22,319
16.621
22.319
1.993
27.256
1.916
20.932
5.171
455,993
455.993
351.630
rot81 outwngresotsrus
547,269
10,494
557.763
478.485
Nei in¢ominrfoutyoing) resow
Tr)nsf¢rs fvnds
25.876
19.
45.644
{57.1081
9.474
19,4741
Fund balances brought fonvard
97.374
97.374
154.482
18
132.724
10,494
143.218
The staterr*nt of finanoal adNit*S (InwpYJiatirffJ an *icome and expenditu￿ actountl Ind￿￿eS all
gains and losses in the per￿{1 and ttr*rtfo￿ a statement of wal reco9nised gain$ aThJ knsses has
not been wepared. amounts relate to co￿"nU1￿j ￿pen￿￿$.
Page 10

Company number C￿￿7378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
CONSOLIDATED BALANCE SHEET
AT 31 JULY 2023
Company reglstration number 06967378
Notes
2023
2022
Tangible Fixed Assets
Fixed Asset Investments
8,636
13,348
8.636
13.348
Currnnt Assets
Stock
Debtors
Bank and cash
1.425
21.965
146.98S
170.375
1,417
17,403
97,290
116,110
Creditors:
Amounts falling due within one year
Net Current Assets
35.793
32,084
134,582
143,218
84,026
97.374
Creditors:
Amounts falling due after one year
Net Assets
143,218
97.374
Financed by fund balances:
Unrestricted funds
General fund
Restricted funds
16
16
143,218
97,374
143,218
97,374
These accounts have been prepared in accordance ￿th the special provIs￿n$ of part 15 of the
Companies A¢t 2006 and the Statement of Recommended practi￿ 2015 (FRS 1021.
The financial ststements were apFYoved by the Trustees on
their behalf by".
and svJned on
Ms. Lou Chiu
TRUSTEE
The Dotes ¢)n pages 13 to 20 form part of these finan¢ial statements
Page 11

Company number 06967378
Chanty number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
COMPANY BALANCE SHEET
AT 31 JULY 2023
Company registration number 06967378
Notes
2023
2022
Tangible Fixed Assets
Fixed Asset Investments
8,636
13,348
8.637
13,349
Current Assets
Debtors
Bank cash
50,186
139,734
189.920
29.654
91.584
121.238
Creditors:
Amounts falling due wrthin one year
34,793
19.471
Net Current Assets
C￿d110r$".
155,127
163,764
101,767
115,116
Amunts falling due after one year
163,764
115,116
Financed by lund balancfjs:
Unrestricted funds
General fund
RestTKted funds
16
16
159,744
4,020
163.764
111.096
4.020
115,116
These accounts have been prepared in accordance with the special provIs￿nS of part 15 of the
Companies A¢1 2006 and the Statement of Recommended Practtt 2015 IFRS 102).
The financial statements were approved by the Trustees on
their behalf by".
and sjgned on
Ms. Lou Chiu
TRUSTEE
The notes on pages 13 to 20 fom part of these finan081 stslements
Page 12

C¢impany number 06967378
Charty number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
ACCOUNTING POLICIES
(al Basis of preparation
The financial statements have been p￿pared under the historic cost convention. and in
accordance with applicable Unrted Kingdom slandard5, the Statement of Re¢ommended
Practice .' Accounting and Reporting by Charities SORP 2015 IFRS 102} issued in January
2015 and the Companies Ad 2LK6.
(bl Incorning resources
l income, unless received IC￿ a specfft or restricted use has been Cfedited lo
a general a¢cumulaled fund.
(cl Resources expended
Liabilrties are recognised as exFenditure as soon as there is a legal or constructive
obligation committing the Union to the expenditure. All expenditure Is accounted
for on an accruals basis and has been dassified under headings that aggregate all
costs related lo the category.
(dl Governance costs
Govemance costs comprise the costs asscKiated with the govemance arrangements of
the Union which relate lo the general running of the organisation as opposed to to those
cost associated wth wlh ￿ndraising or chanlable &bvty.
lel Donated seprfices and facilities
University of Suffolk provides the Union office space and sports facilrties at no
char9e. As required by SORP 2015 IFRS 1021, the donation of these facilities is included
as an Incoming resource and a matching outgoing resource wthin the slalemenl of fi'nancial
acbvilies at the Irustees. estimate of their value lo the Students Union.
Irrecoverable VAT is charged against the category of expenditure lo Ithich rt relate5.
Ig) Tangible fixed assets and deprttiation
Expenditure on fhxed assets is capitalised and valued at historic cost.
Depfecration is charged on capital expenditure and is written off al 25% per annum
straight line on cost over the estsmaled useful life of the asset
(h) Pension costs
Employees of the Company are invited to Join a defined contributson to a money
purchase scheme.
There was £2,254 (2022 - £210) outstanding contributions at the year end. See note 8.
li) Investments
Investments are stated al the lower of cost and net realisable value. All are held in the UK.
) Taxation
The company meets the definition of a Charitable company for UK corporation tax
purposes. Accordingly, the company is exempl from taxatson lo the extent that su¢h
income or gains are applied exdusively to charitable purposes.
The trading subsidiary is subject to the nonnal tsxab.on rules.
{kl Operating leases
The cost of operats.ng leases are charged as a c/)st in the stslement of finan¢BI aclivitie5
as these costs are incurred over the Fenc#J of the lease.
11) Fund accounting
General funds are unrestricted funds wh￿h are availab￿ for use al the discretion of the
trustees in furtherance of the general objectives of Union and which have not been
designated for any other purpose.
Reslricled funds are funds which are lo be used in accordance wth specific restrr¢tions
imposed by the donors or raised by the Union for parb"cular purpKises. The cost of raising
and administering such funds is charged against the speryfic fvnd. The aim and use of
each restricted fund are sel out in the notes to the accounts to finanual statements.
Page 13

Company numter 06￿7378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS, UNION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
Tumover
The total incorne of the company for the pe￿d has been derived from rts principal
acb'vty wholly undertaken in the UK.
The grant income of £581.08012022 - £364.851) receNed in the year was paid by
the Universty of Suffolk.
Analysis of Staff Costs
2023
2022
Salaries and wages
Social secunty cosls
Pension cost
Staff training costs
staff recrurtment & advertising
343,397
31,487
14,098
881
279.400
26,984
9.563
1.340
389,863
317.287
Average numbef of empbyees- administrab.ve stsff
sabbatical officer
13
10
Trustees
Included in the staff Costs are payments to the followng trustees for their roles as
sabbatical officers..
2023
2022
K Pickard
L Wooston
M Wright
A Gooch
7.762
7,803
8.649
23,064
47,278
21,403
21,339
42,742
No employee eamed rernUnerat￿n of over £60,tKIO.
Expenses of£1,993 were paid to Truslees during the per￿￿ under revEw. These all related
to reimbursed travel and operational expenses.
Auditorn remuneratlon
2023
2022
Audit
3,525
3.525
3,52S
3,525
Page 14

Company number 06967378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
Company number 06967378
Tangible Flxed Assets
Motor
vehicles
Office
equipment
Total
COST:
Balance al 1 Augusl 2022
A¢Jdrtion5
Di5wsals
Balance al 31 July 2023
DEPRECIATION:
Balance at 01 August 2022
Charge for period
Disposals
Balance * 31 July 2023
NET BOOK VALUE:
8alan￿ at 31 July 2023
13.662
7.363
554
21,025
554
1.667
19,912
-1,667
11.995
7,917
3,415
3.049
467
5.997
4,262
1,017
7,677
4,068
467
12,210
5,279
5.998
2,638
8.636
ance at 01 August 2022
10,247
3,101
13.348
Flxed Asset Investment
Total
Balance at 01 August 2022
Additions
Disposals
Balance al 31 July 2023
Subsidiary urKlertaking- Suffolk Union SeThices Limiled- Company number 07316145
Percentage shares owned - 100%
Objects- cOmff￿rCla1 activty on the Universty of Suffojk Campus srte.
holding
Class of shares- ordinary £1
100
2023
2022
Aggregate ¢aptsl and reserves
ProfitllLossl for the year
143,218
45.844
97.374
157,1081
Page 15

Comp*y rnJmber0696ll78
Chanty number 1153426
UNIVERSITY
FF
LK STUDENTS. UNIOM
NOTES TO ThE FINANCIAL STATEMEMTS
FOR THE PERIOD ENDEO 31 JIJLY 2023
Gmup
Cofflwy
2023
2022
2023
2022
of dgl>ttys
knwnl due frum sUt)$￿￿ry undertakiThJ. lee
unl due from *Jbs*Jsary wdertakry. Ir3(le debt￿1)*￿$
Trnde dÈbtors
Prepaymen
&Ir￿ry debtty
VAT account
16,YJ4
16,304
14.640
14,640
12
1.087
17.403
12
1,339
17,655
7.025
21.955
7.212
22,152
Anatys65 of d•btrys dug •ft¢r y••r
Jnt dL* ￿b￿Ik?ry wKlertak*wJ. k)an
28.034
15,OJO
4g￿gate amwnts
21.
17.403
YJ.186
32,655
2022
2023
Anaty8i8 of credito
Jlmounts lalling due one year."
Amtyjffl (hJe ￿ subsid41ry urthrtakng. lueth)
Trade creditt¢s
Social securty & olhertames
Staff ￿e￿on scheme
Oiher c￿4￿or$
Oeferred irttyne Igrants 201f417)
Hardstrw fuTrS
Ctypornbon lax
Accruals
24.892
10.277
24.892
11.402
210
2,254
3,147
210
4.713
2.254
3.147
4.500
34.793
4.5
19.471
35,793
Loasrng commitmenls
2023
2022
Comitments l ￿ar
10.
Company Ilmlt•d by Guarantse
The coryany has rNJ share Ca￿1￿ ￿￿e¥￿ mmber at t*WYJ Lw*Jefia*es toconWtsAe £1 to companvs a5se5ts
the event of a ¥rindiry
Th8re ts no U￿rnate contrd*¥ party.
PagÈ 16

UNIVERSITY OF SUFFOLK STUDENTS. UNION
Company nurnber C6967378
Charity number 1153426
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
11. Spoth & Societies costs
P4)stsg¢ &
Stsff
Computer
Bank
Sundry
charyes expenses
Totsl
2023
Tolal
2022
Sports & societies
general
5.351
2,627
1,942 12,988
48,985
12. Oth¢r activlty ¢osts
Total IAarkeling
(Iwnocracy Sports
deparL Execthive & represntn ser4ice Advice
Centrnl
Other costs-.
Accomodation
Subsistence
Cost of trips & hoswality
Entertainment
confe￿nce expenses
Staff training
Promotions
Mini bus & travelling
Traveling
Pr¢)fe55ional fees
Marketing
Printing & photocopying
Frèshèrs weèk
Office stationery
Hire of facilities
Sub5CriPtions
LI￿nceS
Bad debts
Election and campaign expenses
Sundry expenses
Restrided funds
Total foryear ended 31 Jty2023
147
118
35
2.196
233
62
4,496
883
1,318
947
1,718
2.171
1.556
3.158
3,197
1.958
115
1.279
31
378
225
23
240
210
1,654
355
1,828
8.036
37
85
2.104
2,C67
5.795
38.633
1.712
2,793
29,747
100
326
750
19.054 18.
16
74
12
16
4,402
370
4.898
1.724
2.141
10.494
109.714
120
227
1,095
2,877
370
4.898
1.659
65
65
1,991
10,494
66,443
20.932
4,176
,833
13,105
1,225
Total foryear ended 31 Juty 2022
77.870
Page 17

Comwy numbw 06967378
Chanty numter 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
13. Offic• staff & athnSnistrativ• costs
Totsi Ex•¢ulive DgmDcrnG> Sport
Advicp
C•ntral Trading
Support ¢o$ts:
Travel & subststence exreftses
Hire of facilrties
Entertainment
Promobons
conferen￿ expenses
Campaigns
Marketiry
Election expenses
Leghal & professional fee5
G8n8ral offio costs..
Insurance
Telephore & tornmunications
Prinling & photccopying
Ccffjputer sofvare
Repai
Staff unifom
Bank ¢harggS
Subscriptions
Sundry expenses
rot•l foryevendedJ1 Jufy 2022
7,712
21.165
7.712
32
21.733
1.818
138
169
149
10
10
615
175
7,871
1.121
937
.933
22.1e6
8,337
8,055
rot•l forye8r*nded 31 July 2022
20.275
14. GTrnt lundins
The chanty wewes an annual block yr•it from Ihe Unv4efyty tsfsuffdk for gereral
use in the condud of Un￿n aL*vrt*S.
2023
2022
G￿nt re￿iVed
550.618
364.851
Page 18

Company number 06967378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 JULY 2023
16. Restricted Funds
Total
Sports
and
Socleties
Income
Grant income
Total foryearended 31 July 2023
30,462
30,462
30,462
30,462
Support costs:
Miscellaneous expenses
10.494
10,494
Total foryearended 31 Juty 2023
10.494
10.494
Page 19

Company number 06*7378
Charity number 1153426
UNIVERSITY OF SUFFOLK STUDENTS. UNION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
161a). Anaty518 of net assets between funds
2023
Total
Funds
2022
Total
Funds
Unrestricted Restricted
Funds
Fund¥
Fixed assets
Nel curienl assets
8,636
124,088
132,724
8,636
134,582
143,218
13.348
84,026
97,374
10.494
10,494
16{bl. Analysis of net movement in fvnds
Total funds
brought
forward
Total
Total
Transf•rn Totsl funds
incoming
resources between
¢arried
sources expended
funds
forward
Restricted funds:
Most actsve student and General sports
30.462
30.462
10,494)
10,494)
9,474
9,474
10.494
10.494
Unrestricted'funds:
General fund
97,374
97,374
573.145
573,145
547.2691
1547,2691
9,474
9,474
132.724
132.724
Total funds
97,374
603.607
{557.763}
143,218
General funds are available for the futheranee of any of the students. union objects.
17 Related partles
Other than disclosed at note 3, there were no related party tranSact￿n5 during the period under review.
Page 20

Company number c￿967378
1153426
UNIVERSITY OF SUFFOLK STUDENTS UNION
(A company limited by guarantee)
REGISTERED NUMBER: 06967378
CHARITY NUMBER: 1153426
CONSOLIDATED STATEMENT OF CASH FLOWS
AS AT 31 JULY 2023
2023
2022
Note
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating acb'vib'es
Table 1
50,249
-56214
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets
(5541
(4,020)
Net cash provided by (used in) investing actbvilTres
(554}
(4.020)
CHANGE IN CASH AND CASH EQUIVALENTS
49,695
60,234
Cash and cash equivalents at l August 2022
97,290
157,524
CASH AND CASH EQUIVALENTS AT 31 JULY 2023
146.985
97,290
CASH AND CASH EQUIVALENTS CONSIST OF..
Cash at bank and in hand
146,985
97,290
TABLE 1
RECONCILIATION OF NET INCOMEI(EXPENDITURE)
TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net incomel{expenditurel for reports'ng period as
per statement of finanual activities
Adjustments:
Disposal of fixed assets
Depre¢iation
{Increase)IDecrease in stock
{Increase)IDe¢rease in debtors
IncreasellDecrease} in creditors
Net cash provided by (used in) operating activities
45.844
(57, 108)
1,200
4.065
{7)
{4.562)
3,709
50,249
5, 171
572
2,878
(7, 727)
(56.214)
PaAe 21