Charity registration iiumbei.: 1159461 Lincoln Bishop University Students Union Trustees Report and Fii)ancial StaleTments tor the Year Ended 31 JL)lJ 2025 Saiil Faii'liolim Limited 12 Tenler¢roft Sireel Lincoln LN5 7DB
Lincoln Bishop University Students Union Contents Reference and Adm inistrative Details. Trustee5'Report..:::::.::::.- Independent exainincr's report. Sialeinenl of financial activitl¢S. ? lo 10 12 Balance Sheet. Notes lo th¢ financial statements. 14to2J Tlie fol lowing page do¢s not forni part of the statuiorj. financial statements: Statement of tinancial activities per fiind. .24
Lincoln Bishop University Students Union Referenee and Administrative Details Charitv name Lincoln Bishop University Students Union Trustees Mr S Tlioinpson, Trustee & Co-cliair Miss L Hunter, Tiustee- resiLined 31 ' October ?024 Miss S Lawi'ence, Trustee - I'esigFned )151 July 2025 Mi. J O'Donoghue. Trustee- I'esigiied ) March 2024 Mi. T Cainpbell-owen, Tiustee- resigned 7 November 2024 M iss E Olysen, Ti'usiee - resigned J l October 2024 Prot. S. Fleming, Trustee Mr P Davis, Trustee Miss R Mid(Jeley. Trustee - appointed I, Noveinber 2024 Miss K Gill. Ti'ustee Mr P Wrioht, Trustee- appointed I 51 Noveinbei. 2024 Miss K Truscott, Trustee - appointed I, Augiust 2025 Mr S Bolton, appointed 8tli November "24 Mr A Hunt - appointed I I, Noelber 202) Mr M Sykes- appointed I" July 20?5 Charity registrution num ber 1159461 Principal offjce Lincoln Bishop Univei'sity, Longdales Road. Lincoln, LN13DY Independent Examiner Saul Fairholn) Limited l ? Tentercroft Street Lincoln LN5 7DB Page I
Lincoln Bishop University Students Union Trustees, Report The Trustees present their annual repoit iooether with the audited financial statements of Lincoln Bishop University StLidents Union for the year l Au(yust 2024 to 31 July ?025. OILJECTIVES AND ACTIVITIES A. Policies and objectives Tlie Trustees have 17iven due consideration to Charity Coinmission published guidance on the public benefit when review ino the charities aims and objectives in plannin(J future activitie5. We aiin to advance the education of students ar LBU for the public benefit by.. a) Promotino the interest and weltare of siudcnts at LBU durinL their Course of Study and represeiitinu supportiniJ and advisin(I students: b} BeinL the recogynised representative channel between students and LBU and any other organi5ation outside LBU., c) Providin(I social, cultural, 5POrting and recreational activities and forurns for discussions and debate for the personal development of our studenls. In 2024, we said that LBSU Ivould: Appl), for furtl)er funding, from the RFU to be able to continiie with the Rugby Developinent Role and enhanc¢ Inen's and woinen's riigby leani nuinbers and playinil Opportunities at LBU. Research external fundiniJ opportunitics, so ive can coiitinue to finaiici(Illv support oui. coinimunity lai'der ensuringi that no student has to CFO hunLry, and a basic supply of t.ood is alM'a)'s available for students via our coinmunity lardei-. Develop an awareness campai(yn to inform students 'hat support is available for thein on cainpus and also 'itliiii tlie local cominunity" to enable oui. students to flourish th,hilst at LBU. Work with external parrners to support students to be financially aware and offer courses to strengythen sludents, financial awareness and acuinen. Continiie workino with the Acts Ti'usl to offer a 'N ighl Cafe, in the Students Union on a Monday night. Ell5ure the student body are aware ot tliis service and sirengFthen links witli our onsite mental health support sei'vices and the night cafe. Overhaul our social media and marketing. to ensure students are awai'e of our work: events and services. Increase out. reach and digital impact witliin the studeni body. Ensure that the regponsibilities of the Vice President Clubs & Societies i-ole, al'e covered and there is m ininial iinpact to Sludenls since ihe posi has been disbanded in 2J124. Ensure students are aware of rhe powei- of stlident c()Iincil and we have an increase in motions lo council froim students. Ensui'e stlidents also know how. they can liold elected offic¢rs to account throu(7 l) the mechanisms ot. student council. Inci'easincj student voice to the truslee board and looking at ways we can encourage students to run for the student trustee roles. Pagye 2
Lincoln Bishop University Students Union Trustees, Report (continued) By the end of the financial vear in 2025, we have: Successfully secured funding from the RFU for another year to develop ruoby opportunities for our students. We applicd to be Lincolnshire Co-op cominunity champions and won nearl} £1 000 of fundin(Y for the coininunity lai'der. This much iieeded boost in fundin(% will ensui'e the continuation ot" Ilie larder into futui'e acadeinic years. We ran ali aivareness campaign called Nourisli and Flourish to inform students what support is available on cainpus and in the widei. Lincoln coinmunit),. We proinoted Lincoln Cominuiiity grocei), store and Ilie nitsht cafes to our students, so they knom. whei'e to find support outside of cainpus. We contiii ued ivoi'kinLT With the Acts Trust for them to be able (o piDvide a niglit cafe on cainpus in the student un ion for tlie year. The cafe g71.ew in popularity. so Imuch so that we have Iiad to mov¢ ils location to the common room, as more space H'as needed io accoinmodale Ilie level of students usingJ the service. We ovei'hauled Olir social rnedia and (7reatly increased our social media l'each and presence. We had a strong focus on TikTok as thi5 seeimed to be becom in17 Inore popular with oiir students. Some posts were wai¢hed by over 2,500 people. The responsibiliiies of the Vice President Clubs & Societies role was absorbed aci'oss the SU staff team, ii'ith tlie Presideiil and Representation Co-ordinator taking on the bulk of This Thorkload. We ran ali awai'eness session on Ilie power of student coiincil aiid had Inore censui'es tlian we ivould norimally have in an acadeinic year. Tlii5 deimonstrates that students were holdin¢J elecied officers 10 accoLinl and were aivare of the power Student Council has. We introduced intei-iin student trustees. so thei'e was student I'epresentation on Ilie board: wheii the student trustee position didn't get filled at an election. Interiiii trustees were not able lo vole oli any trustee matters. as they hadn-.t been voted in by the studeni bodv, liowever the}, brouuhi valuable student voice to the trusree board and engaoed in several disciissions which was hiitsely useful to all board meinbers. ACHIEVEMENTS AND PERFORMANCE A. Risk Management LBSU major I'i5k is that of funding. We are dependent on the university block nrant to tund our operations and the block grani makes up 76 % of our incoin¢. We have very little indepeiideiitly &Fenei'ated incoine aiid this does not look likely to change. as there are very liinited ways we Can generate mo income on campus. All our activities at'e risk assessed to minimise any risks thi'oiiiyll OLir aclivitv aiid appropriate levels of insurance are held. Risk assessmeiits al'e reviewed annually or as required. Budgetary aiid iiitei'nal control risks are minisnised by the iinpleinentaiion of procedures for thc authorisation of all transactions and projects. We have a Health aiid Safely policy in place and a risk reL7iSter. The Chief Executive Officer has coiiipleted an Institute of Occupational Safety and Health (IOSH) 'Manatsing Sately, coiirse. to be ablc to update these dociiineiils on an anniial basis, once updated, they al'e then approved by the board of trustees. Paiye J
Lincoln Bishop University, Students Union Trustees, Report (continued) B. Review of Activities Here are some of the th in(TS we have acl)ieved this year.. Fre5her'5 Trveek. As always, fresh¢rs' week i¥as planned well in advance and was promoted as early as possible to the neiv and existin£ students. Even with promoting freshers events earl), freshers incoine was 17Q/o down coinpared to tlie previous year and ive did not meet oiii. income target. Sales were carefiill), monitoi'ed and spending on freshers, evenis reduced due to the decrease in sales incoine. Even witli the decrease in iiicome, freshers, events were still well attended, so Inuch so that some nights sucli as Drag Bin(yo N i(slit the students, union was al full capacity. Vendlng 14avin(y a full yeai- with the additional hot drinks vendingi machines has Ineani that our incoine from vending has increased by 130/0 compared to the pi'evious year. The new vendinTr Inachiiies are stocked and cleaned by the supplier, which eliminates aii5' Student Uiiion Staff tinie iieeded t.or clean ing and stocking up vendin(J machines, which 15 another hu(5e benefit of the new hol driith Inachine contt'acls. Room Hire Room Iiire has continued iii popularity, so Inuch so that w¢ generated 200/0 niore incoime in thi5 year in comparison lo tlie pi'evious vear. Alon(rside lettinij tl)c l'oom to external groLlPS. Students can use thc l-oom tree of cliargc and cliibs and societies also re2ularlv make use of the space for theii. vai'ious activities. Clubs and Societies At the end of 20?4125 we had 206 clublsociety members in 20 Clubs and Societies. We had 8 new societies start in 20241?5 these were Book Club, Poker, Debate, Woinen's Football, KGroup, Dart5, Pokemon and Indian CultLiral Society. Netball. Men s Football & Dod<yeball all took part in BUCS (British Universities & Colleues Sport) matches. All J teams faced tough coinpetition fi'oin Nottin(rhain Trent. Derby. Northanipton, De Montfoit, Lincolii, ai)d Leictsler Universities. All institutions are Inuch largei- Iliaii BGU and have Inoi'e Teains and Ineinbers to choose from. Oui- h i(Jhlight of the BUCS yeai. was Dod<Jeball: as this was the first liine we liad entered Ihe coinpetition. The Cathedral Cup was held in May, 5 Clubs took part this yeai-. DodgJeball. Men's Football. Men's Ru(ybJ'. Netball and Badminton. M¢n's Football played the Uiiiversily of Liiicoln at ilie LNER sladiuin and Dance Society perfomied at lialf tiine. Rugby and Badn1inton won all their Inatches aiid bi-OULhi home cathedral clip trophies to the Students Union. All matcl)es were well attended by staff and studenis froni both institutions and Ihere was a great atmosphere at all the events. Star Awards (Student Teaching Academic Representation) Tlie STAR awards were held in Union Bar in May. and it was well attended fillinL tlie union bar with noiiiinees and aii'ard 14'inners. It was an iipliftingy eveni that celebrated studeni and staff achievements and promoted recoLJnition aiid appreciation of fellow LBU community meinbers. Star Awards were Iianded oiit. as well Gold. Silver and Bronze Course Rep Awards. Special Reco(ynition Course Rep Awai'd5 and honorary life Inemberships.
Lincoln Bishop University Students Union Trustees, Report (continued) Sports & Society Aivards The sports and societies awards evening was held in April at the Drill Hall, to celebrare rhe years achieveinents by our clubs and societies. We had 138 5tudenis aiiending. The night was a hLI(Je success and i)ave the clubs and soeieties a chance to celebrate their achievements tooeiher. Represeiitation The Vice Pi'egident F.ducation (Iversa, the course rep elections. There were 18 1, Yeai- Course Rep positions available incliiding l Foundation Year course, soine coui-ses liad 2 or Inore I'eps and Priinaiy Education Iiad 3 I'eps. In total we had 16 (151 Year Reps), 18 (2" Year Rep5). and 21 (3, Year Reps) and 5 Level 7 Reps. In total we had 62 Course Reps. We held 6 Studeni Council Ineetings. all wei-e quorate, plus an Annual General Meetints Every Studeni Council tliis year also liad one oi. more Guest Speaker, tliese included colleacTues froin LBU Head of Student Success. Twil ight Mental èlealth Advisoi., Deputy Vice Chancel lor, and the newl), appointed LBU Vice Cliaiicellor. F.xtei-nc11 Guest Speakers included Ilie Niiht Li,,hi Café and Liiicoln CominLinily Gi'ocLry'. Lincolnshire Rape Crisis, Satet), Wardeiis and Street¥vise Defence. 1-Iiere M.'ere several Motion Proposals put forw'ard by studeiits. E.Kec Members and Sabbatical Leaders M,Iiich inclLided= Biiddy System, F.xtendingy the Library openin¥ hours: and Studeni Villagye pedestrian crossin(Fli'oad safelv. Welfare & Cam Coming to you Next - Our President ran a canipaign to hiiyhlight all the thin¢7S tliat were going on around cainpiis. so students always knew what ivas happenini Nourish & Flou rish Our student leaders ran a cainpaig?n about all the student support there is oil canipus and the wider Lincoln coininunity. W'e pi'omoted activities such as the Lincoln comimunity grocery store aiid night cafes, to ensure students could take advantage ot these local iiiitiatives. Not A Luxury Campaign- The not a luxury cainpai<)n coiilinued from ihe previous two years, to provide all toi Icts on campus With fl'ee sanitary products. The feedback from students about this scheine is still very posiiive, our trans students particularly appreciared being able to access these products in all bathrooms on Campus. Student CouncAI Tak'caw#y - Our Vice Pi'esidcnt Ediicaiion created a bitesize rlin down trom student coiincil. that was available the day atler studeiit Lounci l. for students that iver¢ unable to attend. This didn't r¢plc1ce tlie Ininules that take a little Iwhill lonLier to coinpilL. il was an addilioiial resource presented diffL'reiiily, to eiisui'e as many stiid¢nls as possibl¢ could eniJa(Te '7th student council. Not A Necessity Campaign-The Not a Nccessity campaign coiitinued onto tliis year, workinft closely with Union Bar, to ensure that non-alcoholic options exist for as many drinks on our menu as possible and that the narrative around a student'nigyht out" is not singularly on tlie consumption of alcohol. The CDmmunitv Larder- Tliis conliiiued on tlii'ougrli this yeai- and was very well used by students. We col lected donations of food iteims fi'om statf and studenls. -sa thei-e was almwajs a supply of basic food cupbuard it¢iiis t.or tliose sllidents who needed it. WL exlcnded tlie lardei. to provide donations of crockery. cuIILI)' and kiiclien essentials. Clothes Sivap Shop - We took over the clothes swap shop froin the library and Sei up a cloihes rail in the common rooin. so students had access lo clothes and could also donate clothes they no longer needed. We also Mworked ivith the libi'ary and included acadeinic books in the COMIOn room for students 10 us¢ and equally a space to donate old books to otliei. students.
Lincoln Bishup University Students Union Trustees, Report (continued) Breakfast Club - Dui'in(y December we ran our breakt.ast club atsaiii and provided hol di'inl<s. bi-eaktast cei'eal, Inilk. toast and jaim to studeiiis in the SU comimoii room. Studeiit. s loans can i-uii out oi. run low in December and witli the cost of livingT. we wanted to ensure that no student had lo slarl the day hunary. Universlty Cam paigll5 & Initiatives - -rhe SU was represented on the university wellbein&J steeriniF iyroup and conti-ibuled to several iinivei'sin, led wellbeing initiatives, including Wellbeing Wednesday's. Black Hislor}' Month and theimed aciivit). afternoons. Events We r£tii a re(iular weekly prograniiiie of events for students and also themed events throuohout tlie year, such as a valentine's traffic liLyhi part),, Chi'istma5 party and a Pride Celibi'ation ni£ht. We roundcd up the year ivitli our LJnion Fesl. Ivhcre we liad a day ot. activities and liie perfornlances COLipled with intormalion stalls and activities, intended 10 iiiiprove nieiital health aiid wellbeiiig foi. all our students. Training and Development We devised a training proorainme for our exec teain. so they could understand theii. role and all the requirements of being an elected officei.. Otlier Training COLirses that 'e attended included- NIJS Lead & ChangFe for tlic Presideiit ai?d Vice Pi'esidei7t Ediicatioii NUS F.n,,land CoiiferLnce lor tlie PrLsident aiid V ice President F.'diiccltion NUS Siiiall aiid Special 1st Conferencc foi. tlie President aiid Vicc President Education NUS Coiiiniercial Confer¢nce for tlie CEO and Coiymercial Manalycr FINANCIAL REVIEW A. Going concern At'ler makinLTr appropi'iaie enquiries, the trustees have a reasonable expectation that the charity has adequLlte resources lo coiitiniie in operational existence foi- tlie next 12 Inoiiths. For tliis reason. tliey coiitinue to adopi the gFoiI1(F concern basis iii prepai-iniy ihe financial staleinents. Furihei. details i-eg7arding' the adoption of the (roingi concern basis can be found in tlie Accoiiiiling Policies. B. Financial review The board of ti-ustees are pleased to report thal LBSU hag finished the yeai- iii a i-easonably liealihy fiiiaiicial position. This will rake us iiito 111e followiiio )'eai' witli some financial stability aiid enablcs us lo continiie our i%'oi'k and positively irnpact to The studeni body. LBSU'S unrestricted income troni all sources this year lotalled £? J5:257 (2024: £232.478). Mainiaining our expeiidiiur¢ budcyets set at the stan of the year. total expenditure for the year was £2?9.785 (?024'. £225,488) leaving a surplus ot'£5,47? (?0?4'. £6,990). LBSU has continued lo beiiefit from the recoginilion and support of the university and ihis year the annual - JI?4-. £158.000, 2022123: £167.000). capitation flind ing7 and salaries (Jrant totalled £178,000 {?0?" SU reserves polic), sets a level ot 12 weeks avei'a(Je e.Kpenditui'e plus five pei'cent. This totals £55,679 (2024.. £54.6)7) ¥vhich current reserve levels currently Ineet and ekceed by £64,990 (2024- £60.560). LBSU is cui-l'eiitly affil iated to the Naiioiial Uii ion of Students (NUS).. for which our total subsci'iption for tlie year 24125. included within NUS Costs, amouiited to £4.108 (20? J/?4'. £i.675). Palye 6
Lincoln Bishop University Students Union Trustees, Report (continued) C. Principal funding The pi'iiicipal tiiiiding? of the Bisliop Gi'ossetesie University Studeiit's Uiiioii is froin Bishop Grossetesle University. STRUCTURE, GOVERNANCE AIYD MANACEMENT A. Constitution The principal object of the charity is tlie provision of Student Union facilities to the srudents of Lincoln Bisliop University Union (LBU). B. Method of appointment or election of trustces The IMana(?einent of the charity IS the I'espoiisibil ity ot the Trustees who are elected and co-optid ui)der the ternis ot the constitution. C. Policies adopted for the induction and training of trustees The clerk lo ilie board of Trustees iitilises re50ul.ces from the chariry commission and NUS lo ensure all neH' trustees 10 tlie boai'd are trained and readv tor tlie role. Sabbatical irusiees al'e clssiuiied a Iruslee menlOI'. to gyive Ihcin additional siipport as a trustee and Il)e Prcsident co-chairs the meetin(J with tlie aluiiiiii tl'USlLe. lo eiisui'e Ineetiiigs are produciive. efficient and th¢ new presidenl has support to chair sucli a hi(yh-level Imeclin(y D. Organisational structure and decisions making BGSU'S TRUSTEE REPORTING STRUCTURE TRUSTEE BOARD BGSU CEO STUDENT COUNCIL STUDENT LEADERS CLUBS &SOCS FORUM BGSU STAFF BGSU OFFICERS AGM Paiye 7
Lincoln Bishop University Students Union Trustee5' Report (continued) E, Risk managcment The Ti'ustees l)ave assessed the Inajor risks to which the chai-ity is exposed, in particular, those related to the opei'ations and finance5 of the Cliai'ity, aiid are satisfied that systems and procedures are in place to Iniligyate our Lxposure lo Ilie Inajor risks. PLANS FOR FUTURE PF.RIODS A. Future dei'elopments Soui'ce an ongFoino funding strearn lo be able to continue providin(y tood for our community larder, past the time when tlie co-op coininunity champion scheine money runs our. Support thc iinivei'sity .]lh their name chan(Te and chaniJe the name ot the students, uiiion io be iii line with the Iicw univcr51ty naine. Rutt a canipaicJn to einbed tlie neiv name and any new loiYOS lo ensure our neiv identity is firmly lod(Icd in students. iiiinds. Lauiich a new 5 year strateJ(% , that lias been developed with student voice and sets out aiins for the students, union to achieve. Continue worki1) w ith the Acts Trust to offer a 'Ni?Iii Cafe. in the Students Unioii oil a Monda), nigyht. Ensure the studeiii body al'e aH.'are of iliis sei'vi¢e and slren(Jilien links w'itli oui. onsite mciiial health support services and IhL night cafe. Run a Violence A¥Jainst Women aiid Girlsl Ni,,hitiine Economy Student Fonim w'ith University of Lincolii. Establisli open and active cominunicalion with tlie university"'s franchise partner institutions, through on sile visits and a dedication of resources and iiime. Increase student en(Jaoement and signups to societies outside of the traditional hioh engagFement periods iii Septeinber and January. Maximise tlie trainincJ budget for perimanent staff and student leaders, prioi-itising NUS ivoi-ksliops and conferences. Iri'ading) them froin our resei'ves to be Inore appealino to students Develop oui- comniei'cial spaces and UP¥ ai)d toi. external hirers al ike. PagJe 8
Lincoln Bishop Universiti, Students Union Trustees, Report (Continued) TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees are responsible t.or pi'epai'ing the Ti'ustees, report aiid the tinancial sialements in accordance iih appl icablc law and United King,dom AccourJtinsF Srandai'ds (Financial Reportin(T Srandard 102). The law applicable to charities in Enolalld & Wales requires the Trustees to prepare Iinancial siaiLinLnls for eacli financial year. H,hich (Jive a true and fair view ot the state of affairs of the charity and ot the incomingJ I'esources and application of r¢sources of the charity for ihat period. In preparino these financial statement5. the Trustees are reqiiired to.. select suitable accounting policies and then apply them consistently; observe the meihods and principles in the Charities SORP; make jud(7inLnls and accountini) estiinates that are I'easonable and pi'Lident; prepai'e Il)e financial slaleinciils oli the 150iiig concerii basis unless it is inappropriate to presuine that tlie chai-ity w'ill continue in operation. The Trustees are responsible foi. keepinL proper accountino) records that at'e sufficient to sliow and explain Ihe charily's ti'ansactioiis and disclose with reasonable accuracy at any time the financial position ot the charity and enable thein to ensiire that tlie tiiiancial statements colmply with the Charities Act 201 l. the Cliarity (Accounts and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible for safeg)uardingi the assets of tlie charity and hence for takino reasonable steps for tlie preveiition and detection of fraud and otlier irregulai'ities. RISK REVIEW All risks and biisiness decision5 are discu55ed and acted upon al tlie Board of Trustees meetings. The charity has adequate insui'ance in place coveriii(J the charity's activities and tl)e Board of Trustees itself. Tlie cliarity relies on its unpaid elected voluiiteers to deliver sonic of its chai'ilable support sei'vices aiid fundi'aising events annuall J. Due to elected volunteei's having other commitimenls outside of univei'sity. life. tlic level of support can soinetimes drop sitsiiificantly (paiiicularly around hand in tiines) Ineaiiin(y other volunteers and paid Siudent l.eaders come under pressure to compeiisate tor the lost support. This has yet to caiise the cancellation ot events 01- withdi'awal of support provided by The charity bur Continues to provide an on¢Foing risk tl)al this Inay occur in the tuture. The University previously a(yreed to increase our block urant in line with inflatioii, ,hICh means we do have a Inore i-ealistlc dniouiil of iiioney to deliver our fjervices witli, coinpared to wljeii the block gFrant I'en)ained staiic tor several years in tlie past. In ?5126 we plan to continue with the same staffing structure as in 24125: with two student Icaders. rather than three studeni leaders. Tliis enables us to keep our wage spend as low as possible, whilst still delivering all oui. seivices to the studeiit body. PagJe 9
Lincoln Bishop Universlty Students Union Trustees, Report (eontinued) Approved by the Ti'ustees and sigJned on tlieir behalf by: Mr S Bolton Trustee Date'.081051?0?6 Pa¢?e l O
Independent Examiner's Report to the Trustees of Lincoln Bishop University Students Union Independent examiner's report to the Trustees of Lillcoln Bis1)op University Students Union I report 10 the trustees on my exaniination of the accounts ot Lincoln Bishop Universilv Students. Union (the Trust) tor the year ended ) I ' JLily 202_fi which are set OLSt on pages 12 10 ?3. Responsibilitie5 and basis of report As the cliariti.. trLisiees of tlie Triisl )'ou are I'esponsible for the preparation of the accounts in accordance viih the reqiiirements of the Cliarilies Act 2011 (-the Act.). I report in respeci of my exainination of the Trustee's accounts carried out under seciion 145 of the 2011 Act and in carryiniy Out my examination I have followed all tlie applicable Directions gTriven by the Charity Coiniiiissioii under s¢ction 145(5)(b) ot the 201 l Act. Independent examiner's Statement I have completed my exaniination. I confirm that no matei-ial Inatlers have come to niy attention in connection '1th the exainination giving Ine cause to believe that in an}. material respect.. ( l ) accountin(r records w(ere not kepi in respeci of the Trust as required by section l JO ot the Act; or (2) the accounts do not accord ivitli those records,. or (i) the accounts do nol comply M'itli the applicable requirements concemin(y the form and content of accounts set out in the Cl)ariiies (Accounts and Report5) Re(Julations 2008 other than any requirenient tliat the accounts give a true and fair view, which is not a matter considered a5 part of an independent examination. I have no coiicerns and haie coime across no other matlers in connection ivith the examination to which attention sl)ould be drawn in this report in ordei. to enable a proper understandin¢J ot" the accounts to be reached. Richard M Welsh (FCA) Saul Faii'liolin Liinited l ? Tenlei-crott Sli'eet Lincoln LN5 7DB Date- 1110512026 Pagje I I
Lincoln Bishop University Students Union Statement of Financial Activities for the Year Ended 31 July 2025 Unrestricted Total Funds Funds Total Funds 2024 Note Incoin ing resources Incomin(T resoiirces from generated funds Trading activities Investineni income Incoinin<J resources from chai'iiable activities Total iiicomiii() rttsoiirces 14,511 12.?72 12.272 2J5,?57 2j5.?57 ?3?.478 Resources expended Costs ot iienei'atiiigi funds Raisingy funds Cliaritable activities Support costs Total resources expended 4.614 ?0? J2j 22.848 2?9.785 4.614 20?.J2J 22.848 229.787 193.967 2?5,488 Nel moveimcnis in funds 5,472 5,472 6,990 Reconciliation of funds Total funds brouLlit forward Total tunds cari-ied torward 11.5.197 1 ?0.669 115.197 1 ?0.669 108 ?07 115.197 All incominiF resoiirces and resoiirces expended derive froin continuingy activities. The charity has no reco(Jnised gaii)s or losses for the year other tliall the results above. The noies on paThes 15 to ?4 forni an integral pan of these financial statenients Pagle 12
Lincoln Bishop University Students Union Balance Sheet as at 31 Jul), 2025 2025 2024 Note Fixed assets Tanc7ible asset5 20.310 6.361 Current assets Debtoi-s Cash at bank and in hand 14 187.991 195.339 1?5.64J 129,620 Creditors: Amounts falling due within one J'ear {94.980) (?0.784) Iyel current asset5 I00.J59 108.8)6 Net assets 1?0,669 115.197 The funds of the charity: Unrestricted funds Unrestricted iiicotne funds 120,669 115,197 Total charitv funds 1?0.669 115.197 The financial stateinents have bcen pi'epai-ed in accordance with Accounlingy aiid Reportin,, by Chai'ilies.. staleineiit of Recoinniended Pi'actice applicable to chai'ilies prepariiig their 8ccount5 iii accordance with the Finaiicial Rei)oitin( Standard applicable in the United Kiiigdom and Republic of Ireland (FRS 102) and tlie Chai'ities Act ?0 I i. The financial statements were approved by the Triistees on 8, May 2026 and siuned on its behalf by- Mr S Bolton Trustee The notes on pages 14 to 23 form an inte£ral part of these financial statement5. PaLFe 13
Lincoln Bishop University Students Union Notes to the Financial Statements for the Year Ended 31 July 2025 Aecounting policies Lincoln Bisliop University Sludenis, Union is an unincorporated charity, registered in Ennland. The priiiciple place of biisiness and regiistered office is Lincoln Bishop University.. Lon,,dales Road, Lincoln. Ba515 of preparation The financial stateinents have been prepared under the hisiorical cosl conv¢iition with ileims reco(Tnised at cost 01- ti-ansacrions value unless otheNwise stated in the relevant notes to these accounts, Th¢ financial stateinents have been prepared in accordaiice with the Siateiment of Reconimended Pi'actice: Accouiitin and Reporting by Chai'ities prepariniy theii. account5 in accoi'dance wilh the Financial Reportin(T Standard applicable in the UK and Republic of Ii-eland (FRS I O?} (effective froni l January ?019}- (Cliai'ities SORP (FRS 102}) and Charities Act 2011. Lincoln Bis170p University Studet7TS' Ullion constitutes & public benefit efttity as defined by FRS 10? Fund accounting policy Unrestricted income tunds are gseneral flinds that are available for use at tlie trustees, disci'etion in turthei'ance of the objectives ot the charity. Further details of each fund are disclosed in note 18. Incoming resources All income is reco(Fnised where thei-e is entitleineni, certainly of receipt and the amount can be Ineasured with sutlicienr reliability. Inconie tax recoverable in i-elation lo donations I'eceived under Gift Aid or deeds of ¢oveiiant is reco(Trnised at the time of the doiiation. Oihei. incoine is r¢cog)nised in the period iii wihich it is receivable and to the extent the good5 have been provided oi. on coinplclion of the service. Resources expended ExpeiidiTure is recoonised once therc is a letsal or constructive oblioation to transfer economic benefit to a iliird pai1y, it is probable thai a iransfer of economie benefits will be i-equired in ettleineni and tl)e ainoiint of the obl jiyation can be Imeasured reliably. Expenditure is classified by activil}'. The costs of each activity al'e made up of tlie total ot. direct costs and shared costs. includingTr suppoil costs involved in undertaking) eacli a¢livit)'. Direct costs attributable to a 51Tiiyle (Iclivity al'e allocated directly to tliat activity. Shared costs ivhich contribiite to Inore than one activity and siipport costs which are not attributable to a single activity are apportioned between tliose activities on a basis coiisistent with the use of. resources. Central starr costs (Ire al located on the basis of tiine spent, and depreciatioii chargFes allocated on tlie portion of the asset'5 use. Fundraising costs al'e those incuri'ed in seekiiiil voluiitary coiiti'ibutions and do nol include thc cost5 of dissem inatingJ inforinaiion in support of the chai-itable activities. Supporr costs air tliose costs incuri'ed dii-ectly iii support of expenditure on tlie objecis of the Charily and iiiclude projcel mana15einent caii'ied out at Headquariers. Governance costs are those incun-ed in connection wilh adin inistration ot the ehai-ity and coimpliance witli constitutional and Sic1tutory i'equirements aiid includes those support costs unable to be dii'ectly attribulcd to paiticulai- activities. Costs ot" genei-atin(y funds al'e costs incurred in attraclingJ voliinlary income, and those incurred in Iradillg? activities that raise funds. Charitable activities and Governance cost5 are cost5 incurred on th¢ charity'5 educational operations, including support costs aiid costs relating to the governance of the charity apportioned to cliaritable activities. Pa(Je 14
Governance cost5 Lincoln Bishop University Students Union otes to tbe Financial Statements for the Year Ended 31 Julv 2025 ¢'()171iniied Governance costs (iovernance costs include cosis of the PFLpai'alion aiid exaiiiination of tl)L sratutoiy accoiints. tlic costs of Ii-uslee Ineeliiigs and the cost of any leg)al advice to trustees on gloveriiance or constilulional malters. Support eosts Support costs iiiclude central fuiictions aiid have beeii allocated to activiry cost caleg7ories oti a basis consisteiit with the iise ot resoui'ces, foi. exaniple. allocatin( pi'opeitj. costs b5, floor ai-eas, or pei. capita, staff costs by the tiine spent and othei. costs by their iisaoe. Tangible Fixed assets and Depreciation All a55els with an expected life of more than one year are capitalised. Tan(Tible fixed assets are carried al cost, Ii¢t of depi'eciation and any provision for impairinent. Deprecation is provided at l'ates calculated to write off Ilie cost ot tixed assets, less Ilieir e5tiinated risidLial value, over tIILir expected useful lives on the fol lowiiig basis: Fixturcs. tittings and Office Equipment - Over 5 years straigihi line Interest receivable Iiiterest on tunds held on deposit is included w,hen I'eceivable and the ainouiit can be Ineasured rLliably by the charity" this is normally iipon iiotificalion ot the inieresi paid oi. payable by tlie bank. Debtors Trade aiid other debtoi's are reco(7nised at the 5ettlciment ainoui)t afier any tradL discount ot'fei'ed. Pi'cpayinents al'e valued at the amount prepaid net ot aiiy trade discounts due. Cash at bank and in hand Cash at bank and in haiid includes cash and short term hiuhly liquid investments with a short matLlI'iiy of thric Imoiiths or less fi'oin the date of acquisition or openiniy of the deposil or similar account. Liabilities and provision5 Liclbi lilies are I'ecoThnised when tliere is an oblii?ation at tlie Balance sheet date (Is a resLIIt of (I pasi event, it is probable that a tr(tiisfer of ecoiiomic benefit H'ill be reqiiired in seiilinient, and the ainount of the settlement can be estimated reliably. Liabil ities are reco(ynised at the amount that the cliarity anticipates li will pay to settle the debt or tl)e amoullt it has received as advanced payments tor Ihe syoods or services it Iiiust pi-ovide, Provisions are Ineasui'ed at Ilie best esliimaie of the aiiiounts required to settle the oblioation. Where the effect of the tiine valiie of mone51 is iiiatei-ial, the provision is based on the pi'esent value ot those anioiints: discounted at the pre-tax discount l-ate that i'etlects the risks specific to tlie liability. the unwindin(F of the discount is recoaiiised within inierest pa}iable and similar chartres. Finallcial Instruments The charity on ly has financi<ql assets and financial liabilities of a kind tliat qiialify as basic financial instruinLnls. Basic finaiicial inslruimenis al'e initially. recociiiised at transaclion value aiid subse£iiiLiiily IneclSLired at tlicir settleiment value with tlie exception of bank loans wliich are subscquentl}I Imeasured at amortised cost iising the etfe¢live interest method. Governinent Grants Governimenl <Jranls received are recognised tlirou(Fli tlie sialemenl of fiiiancial activity once any specitied fiiiure pei'foiinance-related conditions are niet unless tliere are no sucll conditions aiiached in H.'hich case Ihe 171.aiii is recoonised when received or receivable. Uniil any specific conditions are met Ihe grani proceeds are held as a liability on Ihe balance sheet. Pa(Fe 15
Lincoln Bishop University Students Union Notes to the Financial Statcments for the Year Ended 31 July 2025 Charitable Activities U nrestricted Fund5 Total Funds 2025 Total Funds 2024 Grant Un iversity capitation (rrant 178.565 178565 178.565 178565 164.)47 64.i47 Incoine received above ivithin charitable actii'ilies in ?025 and ?024 was trom Lincoln Bishop Un ivei'sity Capiiation fiind. All incoine was unrestricted funding aiid Ivas entei-ed into the unresti-iclld tund. An addilioiial £3.000 was received in 2025 and £6.J47 in 2024 to tund a ru,,by developineiit otticer. Trading activities Unrestricted Funds Total Fund5 2025 Total Funds 2024 ChArity tra(ling income Merchandise sales li.659 13.659 14,511 Charity trading expenses Cost Ot- sales Net iiicome from ti-adino activities 4,614 9,045 4.614 9.045 9,089 All trading inLoine received durinis ?024 was iinre5tricied Lind was entei'ed inio ihe unrLslricted fund. Sale of Imerchaiidisc in 202) totalled £7.140 whilst sales of illeal deals and coiitectioiiei'y totalled £6.i19. Cost of sales foi. iiiei-cliandise totallcd £J:284 ,1]lIst Imeal deals and coiifeciionery totalled Ini'e5tment income Unrestricted Funds Total Fufjds 2025 Total Funds 2024 Bank interest received Reiital Income 2,971 6.681 6.400 9.iol 12.272 12.272 13.081 All investment income in 2024 was uni'¢sti-icted aiid entered into the unrestricted fund. Page 16
Lincoln Bishop University Students, Union INotes to the Financial Statements for the Year Ended 31 Jul), 2025 LonliniiLd Incom ing resources from charitable activities Unre5trictcd Total Fund5 Funds 2025 Total Funds 2024 Income from eharitable activities Social Acliiiitieg Clubs & societies 9,840 9.840 1?,032 iO.761 iO.761 40,540 All above incoine received from charitable activities in 2024 was unresiricled and eiiiered into the unresiricted fund. Otlier Grant Income provided for charitable aetii'ities Unrestricted Total Fund5 Funds Total Funds 2024 IDcome and expenditure from grant income RFU grant Clubs and Society expenditure 3,000 3.000 i.000 6.000 6.000 The charity received a DiLJital Voiiclier Grant trom Lincolnshire County Council for procurement of capital assets in ?021 . The assets liave been capitalised 011 tlie balance sheet with Ilie corresponding deferment on grant incoine w ith in creditors. As IhL valuc of tliL capital asset is depi'ecialcd the ijranl vill be ainoriised <ind released into the statement ot tiiian¢ial activity. The tin(tl £756 of the (71'aiit iiicoiiie received has beeii releascd aLTain5t £ 1.000 of depreciation in ?0?4. Page 17
Lineoln Bishop University Students, Union otes to the Financial Statements for the Year Ended 31 July 2025 Cui?liniied Resources expended for charitable activities Unrestrieted Total Funds Funds 2025 Total Funds 2024 Social Activities Clubs & societies NUS Cai"d & BUCS Wagyes and salai'ies 5.i21 22,9?0 5,248 22,920 4,7i I 169.J51 169.351 20? j?3 152.597 19) 967 Al I resources expended for charitable activ ities iva5 pi-ovided troni unr¢slricted funds in 2024. Wa,'es and Salaries paid lo adininislrative siaff that have a nuinber of diffei'enl duties which support and lielp the Sabbatical offices and chief executive officei. to seclire orant fundii)g from tlie university totalled £ I l i.663 for 20?5. The spl it of these administrative duiies ii'ei'e general £32.1)7, clubs and societies £14.75], retail £6.709: represeiitalion £9,060, advocacy £4.264. events and promotion £29.5?0. elections £4,264 and coinmunications £12,958. The i'emainin- £55,688 was paid to the sabbatical officers aiid chief executive officcr who are the representatives of the student Union 10 both the Uii ivcrsity and students. Support Costs Unrestricted FuDds Total Funds 2025 Total Funds 2024 Independent Exam iner's fee Bank cliai'iyes Staff Trainin Clothing costs Ti-avelling Insuraiice Licenses SU Development Pi'em ise5 expenses Office expenses Sundry expenses Advcrtisiniy LLliyal aiid professional fees Depreciation 4,000 4.000 4,000 362 1,764 1.764 1,668 489 319 4.371 403 4,287 309 3.825 4.982 1,209 4,982 1,209 160 377 1.528 1,600 2.?96 26,099 1.12() 1,577 2,988 22.848 1.577 2.988 22,848 All resources expended for governance costs were provided from unrestricted funds in 2025. Pane 18
Lincoln Bishop University Students, Union Notes to the Financial Statements for the Year Ended 31 July 202$ Total resources expended Income from charitable activities Raising funds Support costs Total Direct costs Fundraisiiigy costs F niplovmeni costs IiidepLndent exan)iner's fee Biiiik chargTes 4.614 32.97? 169,i51 37,586 169.J51 4,000 4.000 4.614 ?02.323 4.345 211,28? Support Costs %taft trainino Clothing costs Travelliiig I nsurance LicLnses SU Developineiit Pi-lniises expenses Olyice exp¢nses Sundry expLI)ses Advertising Leoal and professional fees Depi'eciation of fixrures & fillin2S Depreciation of office equipinent 1.764 413 i09 j.8?5 1.764 413 3,825 4,982 1.209 4,982 1,209 30 1,1?9 1,577 623 1,129 1,577 4.614 202.)2) 22,848 ?29,785 Al I resources expended were provided from unrestricted funds in 2025 and 2024. Iiidepcnd¢nt exainiiier's fees are considei'ed to be Ihe only governance costs of the chai'ily in 2025 and 2024. 9 Income The whole of the incoime is attributable to the principle activities of the Students, Union conducted within the UnitLd Kin.doin. l O Trustees, remuneration Diiring the current and prior year, no I'rustees received any remuneration, benefits in kind or reiinbiirsement of expenses. Pagye 19
Lincoln Bishop University Students, Union INotes to the Financial Statements for the Year Ended 31 July 2025 ti0171i1711ed I l Nct incoming resources Net incom ingT resources is stated after chargying: 2025 2024 Depreciation of owned assets 2.988 2,296 12 Etn ployees, rem uneration Tlie average niiinbcr of persons employed by the charity (excluding) trustees) during the year. analysed by category. was as follows.. 2025 2024 Adininistrative SU President SU Vice pi-esident No einployee I'eceived reiniiiieration amountin<i to Inorc tlian £60,000 in eithei. year. Key Inanauement personnel costs during the }wear totalled £5J,200 (2024: £49,221). The ao(yre(yate pavroll costs of these persons were as follows.. 2025 2024 Wagyes and salaries 169.351 15?597 Pacye ?0
Lincoln Bishop University Students, Union INotes to the Financial Statements for the Year Ended 31 July 2025 conli17Eied 13 Tangible fixed a55ets Fixture5, rittings and equipment Cost As at l AucFUSt 20?4 AdditlOllS As al )1 July ?025 88.084 Depreciation As at l Aug>iist ?024 Cl)ai'(ye tor the yeai. As at JI Julv 2025 2.988 84.711 Net book i'alue As at i l Julv 2025 As al J l Julv ?024 14 Debtor5 2025 2024 Trade debtors Othei. debtors 5,938 1.410 9iO 3.977 15 Creditors: Amounts falling due Ivithin one year 2025 2024 Trade creditors AcLruals aiid deferred income Other creditors 90.601 4,228 681 19.822 ?81 20,784 94.980 Pag7e 21
Lincoln Bishop University Students, Union Notes to the Financial Statements for the Year Ended 31 July 2025 L'C)J71iniied 16 Capital commitments At J l Jill), ?0?5 the chariiy had capital coinim itinents relatiiin to Student Union Outdooi. developinent iimproveiments totallin(I £9.002 (2024.. £nil). 17 Related parties Due to the nature of the Student Union's operations and the composition of the Board of Trustees (being di-awn from private and public sector organisations) it is inevitable that tran%aclions 111 take place with ori)anisations in which a Ineinbei. of the board Inay lic1ve an inl¢rest. All transactions involvingi the oroanisation in which a Inembcr of the Board Inay have an interest are conducted al aiin's lengyth and in accordaiice witli the 8tiideiit lJn ioii's linancial re(siil&tions aiid normal procurement procLdures. No Iransaclioiis were identitied which should be disLlosed under the Provisions of FRS 102. lil thc opinion of tlie Board there is no controlling party. 18 Analysis of funds At l August 2024 Incoming resources Resources expended At 31 July 2025 General Funds Uiii'c5ll'icled iiicoine tund 115.197 235 2)7 229.785 1 ?0.669 All funds in ?0?4 of £115.197 H'ei-e unrestricted. DuringF 2024 incom ing resources totalled £?32,478 and resources e,xpended totalled £?? 5.488. Within Unrestricted funds at the }Jear end £1 ?.080 (?024: £9,384) is desii)naled to clubs aiid societies for continLiin(y activities into the ) l Jul), 20?6 year eiid. Tl)e charits, lias not desigynated any I'uriher fiinds other tlian to Ihe contiiiuinLTr activities of the charity into the future. The University a(7reed that the block g>rani woiild be iiici'eased to keep pace with inflation from 202)124. This agyreement 5itsnificantly enhances the financial stability of the studeni union and opens lip tlie possibility of uliliziiiiT reserves for meinber- benefitii)(Y projects, rather tlian merely shoriniT UP the aniiual student union bud(Jet. A new strate(Jic plan for Ihe studLnts uiiion is schLduled foi. the stai't ot the ?5126 academie ycar. tliis plan will now be able io incorporate sucli illeinber benefiiing projects for future years. Pa(Je ?2
Lineoln Bishop University Students, Union Ilotes to the Financial Statements for the Year Ended 31 July 2025 19 Nel assets bv fund UThrestricted Funds Total Funds Total Funds 2024 Tan,,'ble assets CurrenE assets Creditors= Ainounts fallinty due within one year Net assecs 20.310 19i,i39 {94,980) 120,669 195,i39 (94.980) 120,669 129,6?0 20,784 115,197 Pag?e 23
Lincoln Bishop University Students, Union Statement of financial activities by fund Year Ended 31 July 2025 Unrestricted Unrestricted income fuiid income fund 2025 2024 Ineoming resources Incom ing resources from tsenerated funds Tradino activities Investment income Incom ing> resources from charitable activities Total incom ing resources 13,659 14.511 ?09 )?6 2)5,257 204 886 2J2,478 Resollrees expended Costs ot- (yLncraiinLV funds Raisingi fui)ds Charitable activities Governance costs Total resources expended 4,614 202.i2J 22.848 229.785 5.422 19).967 26,099 225 488 Net movemeiits in funds i.472 6.990 Reconciliation of funds Tutal fuiids broLIC) .lit forward Total funds carried forward 115.197 120.669 108.207 115 197 Tliis page does not fonn PEllt of the statutoiy financial statements. PagTe 24