E-&gn ID: 55a271cb-ecfc422c-98bb4J53ff4617025 UNIVERSITY OF SUFFOLK STUDENTS, UNION CONSOLIDATED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STJuLY2025 Company Limited by Guarantee Number: 06967378 Charity Number: 1153426 lllNN 'AEYL3TQX* 2510312026 COMPANIES HOUSE A20
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E-Sign10: 55a27lth*cfc422c-98bdS3ff4617o25 ST CONTENTS Page Board of Trustees and Union Information Trustees Report Independent Auditors, Report Consolidated Statement 01 Fin8ncial Activities Consolidated Balance Sheets Consolidated Statement of Cash Flows 10 Notes to Financial Statements
E-sign ID: 55a271¢b-ecE422c-98t4)4S3ff4617025 Page 13 BOARD OF TRUSTEES Mia-Nicole Brown {appointed 1 July 20251 Lee- Anne Durrant (appointed 1 July 20251 Sum8ndè8p Harris {appoint8d 20 F8bru8ry 20241 Craig Obsen (appointed 20 February 20241 Jacob Love Ir8signed 1 April 20251 Kelly Lambert IresiEned 30 June 20251 Jessie Leong {resigned 14 June 2025} Tyler P8yne liesigned 30 June 20251 Katherine Pickard (resigned 2 May 20251 Lewis Woolston (resigned 21 March 20251 Company Number 06967378 Charlty Number 1153426 REGISTERED OFFICE Library Building Neptune Quay Ipswich IP41QJ INDEPENDENTEXAMINERS Knox Cropper LLP 65 Leèd8nh811 Street London EC2A 2AD BANKERS Barclays Bank plc Princes Street Ipswich IP11PB
E-sign ID.. 55a271cb4efc422c-98bdS3ff46I7O2S. . VE ST The trustees present theirAnnual Directors. Reporttogetherwith the consolidated financial statements ofthe charity and its subsidiary for the year ended 31 July 2025. The financial statements have been prepared in accordance with accounting policies set out in note 1 to the accounts and comply with the Parent Charity's constitution document. the Charities Act 2011. the statement of recommended practise: Accounting and Reporting by Charities 2015 {FRS 102) and the requirements of th8 Companies Act 2006. Structure, Governance and Management The University of Suffolk Students, Union IUOSSU) is a company limited byguarantee having no share capital, formed by its constitution document, the Memorandum and Articles of Association, end under the Companies Act 1985 to 2006. UOSSU is a registered charity11153426). registered on 15 August 2013. The Charity was established to serve its members, students at the Unlversity of Suffolk. The Board of trustees is responsible for UOSSU'S financial, legal and charitab18 affairs. Student Council is responsible for UOSSU'S democratic processes and priorities for UOSSU'S charitable services. The Student Off icer committee. in conjunction with staff members, is responsible for the day-to-day running of UOSSU'S activities. Trust8e8 contlnue to be appointed in the following ways: Sabbatical Trustees- Up to two sabbatical truste88 may be appointed for a term not exceeding two years. Sabbatical Trustees are elected student leaders and representatives who are employed bythe UOSSU. StudentTrustees- Uptotwo studenttrustees may be elected bya majorityvote of the Studentcouncil. Student Trustees are volunteers. External Trustees- Up to four external trustees are appointed by 8 simple majority vote of the Student Councilfrom persons nominated bythe Appointments Committee to seNe a three-ye8r term, with re- elections possible for an additionaiierm. External Trustees are volunteers. Objectives and Actlvltles The objectives of the SU are to advance students, educational and social experiences whilst at the University of Suffolk and forthe publlc to benefit by: Promotingthe Interests and welfare of students 8tthe Unlversityof Suffolk durlngtheircourse of study and representing, supporting and advising students. Beingthe recognised representative channel between students and the University ofsuffolk and other external bodies. and providing social, cultural, sporting. and recreational activities and forums for discussion and debate for the personal development of its students. In shaping objecttves for the year and planning activities. the Trustees have considered the Charity Commission's guidance on public benefit, includingthe guidance 'Public benefit: running a charity (PB21'. Flnanclal Review The gross income of the SU totalled £616,08512024: £635,654) comprised mainly of the University's block grant contribution. Expenditure totalled £546.78212024: £577,978), increasing reseNes to £270.197, from £200,894 in 2024.
E-sign 10: 55a271c&ecfC422c-98ds3ff46l7025 Page 15 Reserves Policy Restricted reserves total £17,489 (2024", £16,489}, unrestricted total £252,708 12024.. £184,404). slightly above targeted reserves of 4 months operating costs (£192,659). The Union has achieved the planned level of unrestricted reseNes within the reported financialyear. Future allocations of income will then be reinvested in to student needs. ReseNes levelswill be reviewed bi-annuallydue to the increasingly dynamic nature of the Higher Education sector. Golng Concern The Trustees are assured that UOSSU and its subsidiary have adequate resources to continue operations for the foreseeable future. In reachingthis conclusion.they have confirmed the levelof Universitygrantfor 24125 8nd 25126 as this is a key risk to the ability of the organisation to continue as a going concern. The impact of other principal risks and uncertainties have been considered and controls put in place to mitigate the concerns where possible. Future Plans Over the period ofAcademic year 24-25, University of Suffolk Students, Union have been professing on plans to enable future success following the transition from Turnaround to Trustee Board. The group have been looking at ways to build a stronger partnership with the University as an immediate siakeholder. as well as with the wider community of Ipswich as an advocate for young people and the student body. Progress has been made on p18ns created last year as demonstrate(I below: 'During the planning of and delivery of Welcome Period lotheMise known as Freshers) for September 2025, there has been increased engagement with local businesses and charities who may be able to provide bespoke opportunities including advice, support or discounts dlrectly to University of Suffolk students. Work has been progressing with the University in relation to campus dev8lopments, en8bllng student voice to be fed into these and influence the creation of a new"student hub" Several policies and procedures for the working of the org8nis8tion have been reviewed 8nd updated. and currently the organisation is also reviewing democratic processes. There has been relationships created with external organisations to provide commercialopportunities for the organisation including stall rentals in social space and marketing promotional opportunities. After tenure of several student and externaltrustees came to an end, recruitment has taken place for additional Externaltrustees and Student trustees to further strengthen the board. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Annual Report and financial statements in accordance with appllcable18w and United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Practice}. Company Law requires Trustees of the Chaiitable Company and the Group to prepare financial statements for each financial year which give a true and fairview of the stale of affairs ofthe Charitable Group and of its incoming resources and application of resources for that period. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and applythem consistently. Observe the methods and principles of the Charities SORP. Make judgements and estimates that are reasonable and prudent"
C-sign ID.. S5a271cb4¢k422c-98bb4153ff4617025 VER State whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements: and Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charitable Companywill continue to operate. TheTrustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements complywith the Companies Act 2006 and the provisions ofthegoverningdoeument. Theyare also responsible for safeguarding the assets of the Charity and hence for laking reasonable steps for the prevention and detection of f raud and other irregularities. 1710312026 Approved bythe Trustees on and signed on their behalf by: S Harr16 171Mar12028 15..48.'30 Name:
E-sign ID.. S5a271Ctr22¢-98bts-Os3ff4617O2s I report to the charity trustees on my examination of the consolidated accounts of the Parent Company (University of Suff olk Students. Union) and Subsidiary Isuffolk Union Services Ltd) for the year ended 31 July 2025. Responslbllfties and ba819 of r6POrt As the charity'strustees ofthe Parent Companyand Group land also its directors forthe purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act'}. Havlng satisfied myself that Ihe accounts of the Parent Company and Group are not required to be audited under Part 16 of the 2006 Act and 8re eligible for independent examination, I report in respect of my examination of your Parent Ch8rity'S 8ccounts as carried out under section 145 of the CharitiesAct 20111.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51 {bl of the 2011 Act. Independenl Examlner's Statement The parent charitable company and the Group's gross income exceeded £250,000 and l am qualified to undertake the examin8tion by being a qualified member of ICAEW. I have completed my examination. I confirm that no matters have come to my 8ttention in connection with the examination giving me cause to belleve: 8ccounting records were not kept in respect ofthe Parent Company and Group as required by section 386 of the 2006 Act,. or the accounts do not accord with those records: or the accounts do not comply wlth Ihe accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'true and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordancewiththe meihods and principles ofthe Statement of Recommended Practice for accounting and reporting by charities. I h8ve no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. L Buffell 171Mar12026 16-.52'.33 Liv Burrell ACA CTA (Senior StatutoryAuditorl For and on behalf of Knox Cropper LLP, St8tutory Auditor 65 Leadenhall Street London EC3A 2AD Date: 1710312026
E.Sign ID.. 55a271cb4cfc422c-98bb453ff4617025 Unrestricted General Funds R•8trlct•d Funds Total 2025 Toial 2024 Note INCOME AND ENDOWMENTS FROM: Donations and grants Charitable 8Ctivilies Other tTading aciivities Other Income Total Incom• 552.779 10.261 48.412 soo 611,952 552,779 14.394 48,412 soo 616,085 561,994 13.197 60,442 21 635,6S4 4,133 4,133 EXPENDITURE ON: Ral8lngfund3 Trading Bctivitles Charltable Activities Student activitles Engagemenl, communic8tlon and events Student advice Student volce Total Expendlture 44,057 44,057 66,839 78,055 178.570 71.597 171.370 543.649 3,133 81,188 178,570 71,597 171,370 546,782 50.747 37,768 72,709 349,915 577.978 3.133 Net Incomel{Expèndlture) Tr8nsfer Between Funds Net movoment In funds 68,303 1.000 69,303 57.676 68,303 1,000 69,303 57.676 Roconclllatlon of Funds Total Funds brought forward Funds Carried Forward 184,405 252,708 16.489 17,489 200,894 270,197 143.218 200.894 All tr8nsactlons noted above derive from contlnulng operations. The notes on page 11 to 19 form part of these financial statements
E-Sl9n 10: 558271cb-e¢lc422c-98bb4153ff4617025 ST Group 2025 Group 2024 Charlty 2025 Charity 2024 Note FIXED ASSETS Tangible Asset$ Investments 350 4,493 350 4,493 350 4,493 351 4.494 CURRENT ASSETS Stocks Debtors Cash at Bank and In Hand 3.000 12,309 281.193 296,502 1.425 11.980 214.521 227.926 54.054 266,836 320,890 58.356 193.330 251,686 CREDITORS: Amount8falling du• wlthln ono yoar 126,655) 31.5251 123,996) 128,2331 NET CURRENT ASSETS 269,847 196,401 296.894 223,453 Total Nel AssetsllLl8bllitles) 270,197 200,894 297,245 227,947 Represented by: Fund8 Unrestricted funds Restricted funds 252.708 17,489 270.197 184,405 16,489 200,894 279,756 17.489 297,245 211,458 16,489 227,947 For the year ended 31 July 2025 the charity was entitled to èxemption from audit under Section 477 ot the Companie$ Act 2006 relatlngio smallcompanies. The members h8ve not required the company to obtaln 8n audlt of Its accounts for the y88r in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility foi complying with the requirements ol the Aci with respect accounting records and for the prepar8tion of the accounts. The financial statements have been prep8red in accordance with the provisions applicable io ¢ompanies subject tothe small companies. regime. 1710312026 These financial statements were approved byrhe Board otTrustees on their behalf by: and are signed on S Harr15 171M8rf2026 15.'46.'30 Name: Tho notes on pages 11 to 19form partof th8S8 financial statements Registered Company Number: 06967378
E-sign ID: 55a271clC422c-98bb-ds3ff461702S Page 110 Noles 2025 2024 Cash Flows from Opeiatlng Actlvltles Net movernent of lunds Yor the perioo Adjustment$ for: Depreciation Disposal ol fixed assets Decieaselllncreasel in Stock Decreaselllncreasel in Debtors Increase/lDecreasel in Creditors Net Cash used In OperotlngActlvlllo$ 69,303 57,676 4,143 4,143 (1,575) 1329) 4,870) 66,672 9.985 14,268 87,536 Cash Flows trom Invesllng Acllvltles Payments to acquire fixed 8ssets Net Cosh used In InvestlngActlvltles Change in Cash and equivalent8 in the perio Cash and equlv8lents ai the start of the period Cash and oquivalenl8 atlho end ol tho period 66,672 214,521 281,193 67.536 146,985 214,521
E-sign ID.. $Sa271Cec1C422¢.9Bbb-a53ff46lTO2S Page 111 ACCOUNTING POLICIES Bogls ofAccountlng The financial statements have been prepared in accordance with ihe recommendations ol the Statement of Recommended Pr8Ctice: 'Accounting and Reporting by Charities, ISORP 20151. the Companies Act 2006 and UK Accounting standards, including FRS 102. the Financlal Reporting Standaid applicable in the UK and Republic of Ireland. University ol Suffolk Siudents, Union constltutes a public beneflt entity as delined by FRS 102. The trustees consider that there ere no material uncertainties about the Charlty's ability to continue as a goingconcern. Consolidatlon The Statement of Flnancial Activities and 88lancè Sheet consolidate the results of the subsidiary company. Suffolk Union seICe$ Ltd. Ineomo focognilion All income is recognised once the charity has entitlement to the income, it is probable that the income will be ieceived, and the amount of income receivable can be measured reliably. All income. unless received for a speclfSc or restricted use, has been credited to 8 general accumulated fund. Expenditure recognlilon Liabilities are recognised as expenditure as soon as there i¥ a legal or construciive obligation committing the ¢h8rity to that expenditure. it is probable ihat settlement will be required, and the amount of the obligalion can be measured reliably. All expendlture Is accounted for on an accrual basis. All expenses Includlng support costs and governance costs are allocated or apportioned to the applicable expenditure headings based on the number of personnel In each area ol charitable activity. Irrecoverable VAT Irrecoverable VAT is charged ag8in8t the expenditure heedlng for whlch it W8$ incurred. Operailng Lease Agreements Rentals applicable to operating 1è8ses where subst8nti8lly 81101 the benefits and rSsks of ownèrship remain with the lessor are charged against profits on a streight-line basis over the period of the lease. Ponslon costs Ernployees of the charity are invited to join a defined contribution pension scheme. Tangible fixed assets and depreclallon Expenditure on fixed assets is capit81ised and valued at historic cost. Items that cost over £2.000 are considered for capitali3ation. Depreciation is charged on capital expenditure and wrinen off at 25% per annum straight line on cost over the estimated usetul lite of the asset. Invostmonts Investments are stated at the lower of cost and net realisable value. All are held in the UK.
E-slgn ID.. ssa271decfC422c-98bb-dS3ffI817oPS...- Page | 12 INA ACCOUNTING POLICIES Iconlinued) Taxation The charity meets the definStlon of a charitable company for UK corporatlon tax purposes. Accordingly, the charity 18 exempt from t8xation to Ihe extent that Such income or galns are applied exclusively to charitable purposes. The irading subsidiary Is subject to Ihe normal raxation ru16S. Stocks Stocks are valued at the lower of cost8 and net realis8ble value, after makingallow8nce for obsolete and slow.movin8 Stock, Fund accountlng General funds are unr8Strictèd tunds which are 8v8i18ble for use 8t the discretion of the trustees In funherance of the general objectives of the Unlon and which have not been designated for any other purpos6. Restrictèd funds aré funds which 8re to be usedlrn 8CCOfd8nc8 with specific restrictions imposed by the donors or raised by the Union for particular purposes. The costs ot raising and administering such funds Is charged against the speclfic lund. The aSm and use ot each restrlcted fund are set out in the notes to the accounts to financial statements, DONATIONS AND GRANTS Unrestrlcted Restrlcled Total 2025 2024 University grani Don8ted lacllities 552.779 552.779 561.994 552,779 552.779 561.994 OTHER TRAOING ACTIVITIES Unrestricted Restrlcled Total 2025 2024 Suffolk Union Services Ltd Merchandise income 44,063 4,349 48,412 44,063 4.349 48,412 60.330 112 60.442
E.Siun ID: 55a271thecfc422c-98bb-d53ff4617025 Page 113 NIVE FF COST OF RAISING FUNDS Toial 2025 Total 2024 Siaff costs Other Direct C08ts Support Costs (Note 6 4,296 46.865 13,678 66,839 34,172 9,885 44,057 EXPENDITURE ON CHARITABLE ACTIVITIES Staff co8t8 Other dlrect costs Support costs (Nole 61 Total 2025 Tot81 2024 Student 8Ctivities Eng8gemeni. communlc8tion 8nd events Student at1vice Student voice 670 1,795 758 52.292 55,514 17,945 9.039 62,573 167,736 70,839 110,724 411.873 81,188 178.570 71,597 171,370 502,725 50.747 37.768 72.709 349,915 511,139 8,354 35.338 SUPORT COSTS Raislng funds Student 8Ctivities Engagement, commun5¢atlon & events Student 8dvl¢e Student voice Total 2025 Total 2024 Staff cosis Other siaff costs Office & Equipment Legal & Profession81 Audit & Accounting Licence & Subscriptions Deprecialion Bad Debt Write off Irrecoverable VAT Sundry Expenses 42.228 2.554 1.569 10,092 727 113.197 6.845 4,207 27.054 1,948 47,806 2,891 1,777 11,426 823 74,722 4.519 2.777 17.859 1.286 277,953 16.809 18,773 67,733 4,924 329,818 20,215 8,438 26.237 5,501 8.443 1.302 140 4.512 629 12.094 1.687 5.108 713 7.983 1,114 29,697 4,143 15,182 4.143 6.716 5.876 20.724 442.851 12351 497 62.573 16301 1.334 167,736 12651 560 70.839 (4161 880 110.724 11,5461 3,271 421.757 9,885
E-slgn ID.. $5a271th¢cfc422c-98bb-d53ff4617025 AR ND NET INCOMING RESOURCES FOR THE PERIOD This is stated after charging- 2025 2024 Depreciation Audiiors Remuneration Independent Examiners Fee Operaling Lease Cosis 4,143 4.143 3.500 3.500 STAFF COSTS Group 2025 Group 2024 Charlty 2025 Charity 2024 W8ge8 8nd s81arles Social security ¢08tS Pension costs 295,187 25,000 13.280 333,467 349.752 31,619 14.030 395,401 295.187 25,000 13.280 333,467 345.456 31.619 14.030 391,105 No redundancy payments were made duringthe ye8r12024'. nill. The 8ver8ge number of employees durlng the perlod 8mounted to 14.212024: 13.21. One employee earned emoluments over £60,00012024.' none). Key managemeni personnel consists of 2 sabbatical off leers whose combined employee benefits including pensions amounted to £42.937 in 202512024: 2 people. £52.2921. The sabbatical off icers are also tTUStees. No other tiustee received remuneration lor their services 12024: nill. Expenses amounling to £1,319 were reimbursed to the trustees during ihe period12024'. £7501.
E-sign ID.. SSa271¢b4¢ft•422c.98bb-d53ff4617025 Page | 15 NT Nl TE TANGIBLE FIXED ASSETS Olllce Equlpment Molor Vehicles Total 2025 COST At 111 August 2024 Additlons At 31" July 2025 11,995 7,917 19,912 11.995 7.917 19,912 DEPRECIATION At 1•tAu8USt 2024 Charge for the year At 31" July 2025 8,996 2.999 11,995 6,423 1,144 7.567 15.419 4.143 19,562 NET BOOK VALUE At 31" July 2025 350 350 At 31.july 2024 2,999 1,494 4.493 10. INVESTMENTS Group 2025 Group 2024 Charity 2025 Charlty 2024 Value brought forward Addltions Disposals Revaluatlon Tradlng subsldlary The wholly owned subsidiary, Suffolk Union Services Ltd ISUSLI, which is incorporated In England and Wales, donates all its profits to the charity under Gift Aid. SUSL'S principal activities are the operation of the Union shop. The chailty owns the entire issued shared capital of 1 ordinary share of £1. A summary of the trading results are shown below.
E-swn ID: 55a271¢b-eefc422¢-98bftrd53ff4617025 Page | 16 TH Fl ENT 2025 2024 Profit and Loss account Turnover Cost of Sales Gross Profit 44.063 34,1721 9.981 60.330 148.8651 11.465 Administr8tive expenses Other income Interest payable Donations under gift aid Profiuloss on orainary activities 19,886) 117,9741 16,5091 Balance Sheel Current assets Creditors: amounts falling due within one year Total net Ilabilities 22.440 21,492 49,4881 127,0481 {48.546 {27,0541 Called up share Capital Retained profit and loss Shareholders, funds 127,0491 127,048 127,055} 127,054 11. DEBTORS Group 2025 Group 2024 Charity 2025 Charity 2024 Trade debtors Amounts owed by subsidiary undertakings VAT receivable Other debtors Prepayments and accrued income 1250) 12501 51,627 2,206 471 46.074 4,073 377 7.832 58.356 7.006 5,553 4,895 (7451 7,832 11,980 12,309 54,054
E-sign ID.. 55a271eb*Cfc422c-98bds3ff46l7025 Page 117 13. CREDITORS: Ainounts fallingdue wilhin oneye8r Gioup 2025 Group 2024 Charity 2025 Charlty 2024 Trade Creditors Social security and other taxes Accruals Other credltors 12.746 7.559 5,000 1,350 26.655 7,977 7.440 12,935 3,173 31,525 10.087 7,559 5,000 1,350 23,996 5,685 7,440 11.935 3,173 28,233 14. FUNDS- GROUP 8alance Brought Forward Income Expendlture Transfer8 Balance Carrled Forward Restrlcled Funds Clubs and Societies 16,489 4.133 13.133) 17,489 Unrestrlcted Fund$ General Reserves SUSL general fund 211,458 127.0531 184,405 567.889 44.063 611,952 1499,5911 144,0581 1543,649) 279,755 127.0491 252,708 Total ReseNes 200,894 616,085 (546,782) 270,197 FUNDS- CHARITY Balance Brought Forward Income Expendliure Transfers Balance Carrled Forwaid Restrlcted Funds Clubs 8nd Societles 16.489 4.133 (3.133) 17.489 Unrestricted Funds Gener81 ReseNes 211,458 567,889 1499,591) 279,756 Tot81 Re$erve$ 227.947 572,022 1502,7251 (297,245) The restricted f unds have been established for use for the following purposes: Clubs and Societies.. Funds raised through membeiship, fundraising etc. by University clubs 8nd socleties are ringfenced by the individual clubs and societies for their own use.
E-Siyn10: 55a271cbéde422c•98bb4153ff4617025 Page 118 ST 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS-GROUP Restrlct8d Funds Unreslricted Funds Total Funds 2025 Non-current Assets Net Curreni Assets Creditors due after one year 350 252.358 350 269,847 17.489 17.489 252,708 270,197 16. RELATED PARTY TRANSACTIONS The Union's ielationship with Univeisity of Suffolk is governed by the Education Act 1994, under which th8 Governing Body of the University has a legal requirement to, inter alia, ensure the financial affairs of the Union 8re properly conducted. The Union Is also dependent upon the Unlverslty lor lin8ncial support. Duringthe yearthe Union was in receipt of a block grant of£561,99412024: £561,994). Attheyear end th8re were no amounts due io or from the University. SUSL is a wholly owned subsidiary. The amounts owed by SUSL to University of Suffolk Students. Union at the year end are detalled In Note 11. The sabbatical members of the Trustee Board receive remuneration for thelr servlces as provlded for wlthln the Constitution. The total amount pay8ble fof the off icers during the year was E42,93712024'. £52,292). Expenses amountlngto £1.319 were reimbursed tothe trustees durlngthe period12024.' £7501. 17. SURPLUS FOR THE FINANCIAL YEAR As permitted by section 408 Companies Act 2006, University of Sutlolk Students. Union's individual St8tement of Financial Activities has not been included In these linancial statements. The surplus for the year is made up as follows: 2025 2024 Unlverslty ol Suffolk Students. Union's individual surplus lor the financial year 69.298 64,184
E-Slgn10.' SSa271cb*cf¢422c-98bb-dS3ff4617025 Page | 19 18. COMPARATIVE SOFA 2024 Unrestrlcted General Funds Restflcted Funds Total 2024 Note INCOME AND ENDOWMENTS FROM: Don8tions and grants Charitable activities Other Irading aciivities Other income Total Income 561,994 4.706 60.442 21 627,163 561.994 13,197 60.442 21 635.654 8,491 8.491 EXPENDITURE ON: Ralslngfund8 Tradlng 8cllvities Charitable Acllvlties Student activities Engagement, communication and events Student advice Student voice Total Expendlture 66,839 66,839 48,251 37,768 72,709 349,915 575,482 2,496 50,747 37,768 72,709 349,915 577.978 2,496 Net In¢om¢llExpendlturel Transler Between Funds Net movernent In lunds 51,681 5.995 57.676 51,681 5.995 57.676 ReconcSllatlon of Funds Tolal Funds brought forward Funds Carrled Forward 132,724 184,405 10.494 16,489 143.218 200,894