CompallyNumbÈt."09628909
Cha*ily Ilumbef (En81a￿ & Walgsl. 1164033
UNIVERSITY QF BRIGHTON 5TVDENTS' UNION
ANNLIAL REPORT AND FINANCIAL5TATEMENTS
31 JULY 2024

UNIVEASITY OF BRIGHTON STUDINTS, UNION
TRU5TEES' ANNUAL REPORT
For the yeè¢ endecl 31 july 2024
08JECTIVESANO ACnVITies
(hafitsble oblectl¥P5

UNIVERSITYOF BRIGHTON STUC>ENT5' UNION
Page 12
TRUSTEES, ANNUAL REPORT Icontinuedl
For the year ended 31 July 2024
Th¢ trustees have taken TheCha¥ity Commi55ioD's 8uldèft¢e Dn p￿￿1￿r beneliiiniocon51deraiion ID re•ievéin4 ènd
m?rJagirtg the DbjettiV¢5 and aciivi14e5 Otlheth3rity and 4re 5?t15fiedthe lThfoimAtion pre5Entedwithln thisaTrnual
report demohsirates u8SU'& public benefit.
Thè u£e olvolwitqQls and dottatad lgrylr
The charity makès Lonsiderable use of the seryic15 vl volunteers In ordef 10 npt only JninagE the c￿rI￿a￿e
iorfjpanyèrtiuStee ￿ve1, bui 4koto dEliYeractiVitles•nd outC¢)fflesfor ibe benefilof Its benÈfloarl•%. Thech311ty is
also reliant donated st￿$£￿S, and thtssE th711aled sErvSces whlth can (wantified, are iero8n158d in the
ACHIEVEMENTS A140 PE￿oRmA￿CE
In 2023124 Over 7,500 &iudent5 èclively PèiticIp3ied In aurmembershlp actiViliLkSthrOu8hout IhE year with many
Our 4nn¥al saiislaction results iemiin tan%i5teniiy hl8h wltb a 92% av¢ra8è for tho quÈ5tion does-BSU makes
Sludent Ille èetier..
The Big Pla¢Tr-Flve 5traieiicThemes
W¢ are 18 fflonths Inio Qur striteg* prior1r￿S InThe 818 Plan thefolk)Win8 a(hiÈv￿ments.
Amplrfy th¢ Siudept Voke
51vdent voicÈS ère the most ￿well￿1 tool In cieèiinB POSigivÈ changè Jnd colobratllll 5UCCeSs. The ￿rt81e vthc• is al
Importantas thg Lts1￿(tr￿ and weneeO45 many as Possible.
Thè P￿5￿ 5yrYey athieved nearTrw I.0￿ r*SPDn5e5 ywer rhe year. pr￿dIf*K leedbaEk Irorn 51uden15 Jbout their
exoeiieniÈS piiortrie5. 750volunteer studEnt Cdut5P. Repl￿ental￿¥ès 5h&ied th*r ￿n￿8ht$. ¥Ah over ILK)Jtt&nthng
our RepFe5en1at￿n Summitstoexplare 12edbatkand 5U8ge¥1￿ThS on keyi55uÈ5
AfanT35ty( 2.150students¥oted iiioui ftslltwDÈoificer elgciion5. repr25eniin8a 3%1n(reasein tuinout. Thigi5 IhÈhighes1
Sincè 3D17118,
Def￿d AcadeLnkQualily
Studefflis are payinl Significant muney lor ih?ir edwailon. 4nd we will %vth hèrd to ènsure that they rKL4Ye valup far
rnanpyafid ihe hl8hest qualit¥olè6ucatltsn p0s￿blo.
The unlvèlSii¥acted onmanyof iho0lilcorcampbtqnpiloritiQ5,With S￿nifICant1￿?￿Q¥ernQttl irt thE acadEmicresUlat￿n5.
such as Imp￿MentatIOn of 3UTomatiC *xtgn$lons, r¢biandin8 of lectvre Capturt to PD5it1onèl Statement on
authèntit ès%eSSTnenrand u5eolAI
690 individual student5 r￿eLve0 ad￿ce and ddvocacy Irom the Suppoit team. warding acalernlc Issues ènd univèrsity
com91aints.
ourtnollthTyPvlse SUfvÈY. the aMual3vÈragèfor-BSU elf8clivety FEpre5ent5 myacadeffllcintere5t5" raseto83%.

UNIVERSITY OF 8RIGHTON STUDENT5, UNION
TRLISTCIS, ANNLtAL RIPORT IcontinLiedl
For tl?e year enderj 31 July 2024
PrOnbOtE Po51ti¥tWellbeing
with the voisrhets ￿ller￿¢ pAotiy. hnd intrthrfiicod a win',ei cirii wcl3ge ènd witre￿tt femilliDQ
Over ono Ehird oluniver5ilY 5tudontsnow dei141oa M￿￿[31 ho￿lthor neur0d￿Ver8e￿r.O WLI woikod wi:h lh￿ unwel￿￿Y 10
Bvild fseknging andcornmvnitv

UNIVERSITY OF 8RIGHTON STUDENTS, UNION
TRUSTEES, ANNUAI REPORT Icontinuedl
For the yearended 31 july 2024
FINANCIAL REVIEW
lknaKlalt*wlts (¥l*¢tl¥ltlesand evejtyts
Tetal InromÈ lor the year wa% E2,690,634122123 £2.732.904 including actuaiial rEvaluation ol E99.D741 which
15 è redwtion of £42.270 11.55%). Inromefrisrn cale5 and 5hDP5 in£re&sed by £83.l211 19%1 and income from
enteriainmeTrt and event5 decreased by £45.436 I37%1. UBSU cDnliDu@5 Eo befrelit frorn the financral Suppori OF the
Unlveisllyol Bil8hlon throu¥h ihp blork BFènr whlth ELI49,99612Z123-EI,122.0001. Oonatlonsènd Grants
from oth&r luhdeT5 wore £87.528122123- ÉBS,2501.
The tevèluètiDn ol rhe pfovlslon lor lutUFC pension Oolicir paymenis resultedln a Ioss¢>l E106,648122113- wofii
of É99.0741 reflect￿￿£ docr?4se in the iniefest rère usÉd iodiscount luturecasb payments. Thls, Indddition t
the re¢tsv¢ry plan1è5h paymonts of £94.197 during the year resultÈd a totalprovlsion In¢feèSe of (12.451.
Total expenditure for thE Yeorwas F.2.672.649122123- E2,626.4J5lwhich 15 an iThcre&se of £4G.23411.76%1. Café ar
shopexpenditvre increased by£27.17412.77%1 in line wiTh increa5od 501c5. The coit olEntertèinment ènd EvEnts
reduced bv E57.648148.65%1 tellECting 4 iowards comm15SiOn b35ed eve￿1 sèles. Aiademrc expprlence,
c6mpw community. aTrd oEherstudenl activitie5 expendiluie fftCrea5ed byacofflbined total ol E40.25313.11%1
Funds IDcre3sÈd by t17.985 durlng the veèr. ThesE funds will &e used go Suppoit the Continutd pursuit of OUF
51r3ieglc prlorltles éurln8 2021-25. The MiTrlrnum Reserve been rnoiniJin¢d al EIOO.000, in line With the
RÈsèrve5PolKY,
Cash Incrèased ￿£58.897. which rel1￿￿$th￿ SOFA surplus ts1 £ 17.985 IOF theyEai￿ plus the decreaseln the SUSS
Ftltrye5 poIIc¥
Although ihe tharitfjble comparty hdd no free resÈFve5 at 31 July 3014. excluthn8 Ihe penslon deficlt lièknlliv Ot
£1,219,59? 122IZJ- fl.277.1461 Iree ieserves Would havè èeen [365,439122123- E135MS51.
The T¥v5tees reviewed the IJBSU knsoryes Policy in 23124. The pdicy followsChaiityCommi55ion gvideline5 ard
The review conrlL¥Sed an appropriate minimum reserve level remain& at FbQ les5 than ÉIOO.000. At Ihe end ol
2023124 Uasu had a ffllnifflvm reSe￿e ol £IOO.Cth122124- ÉIW,00013nd a Develooment reserve of £21L.782
122121 - £164.3741- Dweloprtient ie5Etves are primjrily hold to suppori 0￿.¢¥* stiategic wojects line with ihe
stiète8lc planand SlKietyactfvity thiovghout IheyÈai.
The ttU5teE5 4re comoiiired to re￿e￿rtI th& R&sÉtvÈS Polwon 3ft3Mual bJ515.
vestrnents wttty
Ihe trnsrees, havthg re8ard lo the liquidttyrequirernentsol UBSU. have kept a¥al1 abl￿ lunds a5WOrbn8ca￿ta1.

UNIVIRSITY OF BRIGHTON STUDENTS. UNION
TRUSTEES, ANNUAL REPORT Iconiinuedl
For the ytor oiided 31 July 2024
Risk

UNIVERSITY OF 8RIGHTON STUDENTS, UNION
Page 16
TRUSTEES, ANNUAL REPORT Icontinuedl
For the year ended 31 July 2024
PLANSFORFUTVR& YEAR5
We y￿11(0n￿￿￿et0 lolbw ournew 5trèteOc prloritiE5.'
thestudent Voice
volcesare the most powerf￿ tool Intr*4t1￿1po5IsIVO(ha￿&e ènd ttkbiètinisucce55. The*Dgle volce15 a5
importapl a5 the iollpitive.and we Troed as marty asPOSSi￿e.
Wewin..
Improvtthe Teprtsentqtive SIr￿t￿r*S to reLeiYe artd ¢1￿￿[ JtudEnt¥pKt5 f1ilyix￿5s1ht
Improve the feedbJ¢k lo all levelsof the Urtivefyty.
Studenlsare payitb8518niltant Montyforihèlr t￿￿¢3t10Th, and WÈ willwoEk hardto e¥i5u[ei￿t they recpNevalue lor
momLyand ihE hi8he5t quality ol education fOSSTbie.
We will..
Colllinue toknbby clèaref anOmorÈ st￿ent (enired Jcadernic FwlatlL
EIl3ufekey UnrwÈiSitypoliries arecon5isieiiily dellu*red
En5urpwpwrt *ln ￿4¢etor5tU￿entS movln8camwsès.
Students are f#tiTh% 5i8nifi(4ni $55ue5 IhJlthaMen8e posltive ¥vellbelne. IndiVithalst*thntswilla150 haye unlwe
challenge5. and wewiH be by their *det05uppult. advise andyideiheFn.
Wewth..
Cham￿0￿POsItiVE mentsiwÈllb4ngand5UPPOrt ihrou8houl Ihe Union Unwer5ity
Pl0￿de PFoartiy and reacti￿ acromrnodation Support
Ensure BSU and Unwer51tySUPPOrt sei¥ice5 ale meeiinitthetu<rÈnt t*ed501tytysiudents.
UdllBk I
Th@te158cleircorrElati<Jn beiween 5tudenis Ihatfeel Ikethey beloftgat UfiNer&ty, and those that aLMevethdr
poienD31.We Wll brlni51uttenis toget￿rI￿cl*a:e SifOn8ttsnnQclion5 ènd corninvnilies
We wlll.
proV￿e sèle, iTrtlu5Ne Spa[￿ Jnd aCEwil￿5 robrinz peO￿Q￿ether0lld helpcreateconttecEkns
champ￿ equityfor aN students thFouBhoutt￿ UnloTrènd Utlivtrsity
Provkle opportu￿t￿l￿1 studÉnt¥tobulld lheirs￿l#l and cultutal tkpltal
Ern
W* rEtOEn15E IhatStuUents<h005e Unfversity lor rnanydfjllerenrr2asons.atsj hawedifferentdesired out¢ome& We Will
help Our studentsto realt5tand 4¢hieve theargwn poteoti41.
Wewill-.
Cre3te mar@wn ￿0￿meTht andvolunteerifi8 opportunlllesfor studpntsa¢ros%ouroryonl$3titsn
Increèseèwarèness ind artllulèt￿fi 01s￿lIsIe￿1fit partlcipaEin81rt BSU attivities
Lobbythp. Unlver5tyto Incrp.a5e emp4oyability Dpportuoities Hnd oxperienteslor5tudÈnt%
To x¥pport I1￿5e Jlm5. wEhavethefdlowln8 fwndations..
Markèts
Impr4ve4urrnarketin8for tbe whole Uiiion. our services èTrdaciiVilles
Ensure Our wrtua1 pre&enceallow5sti￿ent5 to acce5S ￿f0[matIon thEY ￿ed,wheTh the¥ needit
Secvie irnproved ￿¥S￿al locèibnsf￿our 5eNices

UNIVERSITY OF 8RifJHTON STUDENTS, UNION
rRUSTIIS' ANNUAL RIPOftT Ictsnlinuetll
For tl)e year ÈndÈd 31 July 2024
PeoFd
AtSPOllsthle andsusialnableltnl
5TrVCTURE, GOVERNANCE ANO MAIIAGEPAENT
St)tus ahd hbstory

UNIVERSITY OF 8RIGHTON STUOENTS. VNION
Page 18
TRUSTEE5' ANNUAL REPORT (Con￿nued)
For thÈ yÈarÈnded 31 july 2024
RetaW0ty5￿PSWlth relat*dF•rtlE5 and <o.operatlonwith other
Wilh the exception of the 5abbdti¢al Offl¢eis las discuss￿ knvel. nofte ol 1helru5t￿e9 rec*ve rernvneraik)n or Oiher
benelFt Iroty th*( wtrkwlih the IhariEY Tru51ee5 aiefequii*d ED niaked￿ara￿0￿soII￿t￿re5t atfhostartalweryboaid
meetlng. In thè cufreni vear no %vch ielat*dparty tran5action5 wereieported.
The Kelationship betwcen the Unwers*ty of 8righlOfj and UBSU ￿ y5t8bli5hed in ihe Re£ulaiion& ol th¢ Vniver511v. UBSU
reièwe5 3 bknck Erant from the Univer5ify of ￿Igh1oN. UBSU ottuwe$ Space in the building& Dwned by thr UniYer5
irttlu5roe ol utilirie5. careiaking andcleèning 5taFF An o5cim?te4 value to UBSU tlis ffee serviced a¢commodètiOfi Ikls
fundiTh8 fryffl varlovs mutual trading actiwtiQ5, ￿t will remain d¢pettdent on ihè unl￿erSilV tsf 8fi¢hion for 5UPPOrt. Th@
ducati¢n Act 1994 lfflp0￿5 ? duty on the Untversity tsl Brishton ro ensvfe tho linanci?I ￿a￿lIly VI 5ttsdent
rÈpfeseTrLisi¥e boty afid the￿¢r¢ thÈèoardoltrv51¢es<on%idefS ttrHSSupportwW t*rytinttein thefore5eeBb￿ future.
raniement5f0tseiti￿ remunera￿ofj vf key ma￿ageMentPor5o￿neI
ftemuneralion of UB5U'5 kty maTrèAefflenl PEl5onnEI 15 decKted ty the Trustee B￿rd. ThÈse do¢￿10n5 ait basÉd on
iecommendatlOn5 from ihe CEO lo110￿￿$ a review of the rolg 4yln5t 0SU'5 E¥alu3tion scheme. The CEO'%
iemuiiwaiiofi Isde¢ldod byihe riu51ee5.
TNustees' re￿n￿￿lItie$kn Ihep¥ep4roiion of Iinan<lalstatemeThti
The trustee5 (who are èkn tTr￿ directaTs of Univergty ol Brt8hion Students. UnloN the pU[pts￿$ ol tompèny k7wI ar
resplln5iblefur piepaflD8 ihe tfUSTees' annual report tho finhnclal 5t&iemw16 InaccoidantewlTh hpplicable lèw and
res￿at￿J￿￿.
CDmpany law reguiies the irustees io wepafe linawial stslemenis for each linarlcial yoai. UndEf that law. the tIU5tees
hAve prep*ed the financial Sidtements in dtcOidan(o witrh Uniied ￿ngdOM 6enerally Accepted Accoulliing Piactice
(United Kinedom AccoufflEsn8 standard5ar￿ appI￿a￿lelaWl.
Under¢LYnp4ny Liw, th@VU51ee5tnu5t noi apwovethe IlnèncFal statements thèy ale sal151ied th￿tth￿giVe a trne
tair wiew (JF the state ol èffairs the r(Trmpany as al the balèrftr 5hèÈt date, ano ol Its In¢omE •Trd
yxpendiiyre Ioi ibèt yeai.
In prepaTlrtI thD5e stalemÈnt¥ Ihetruslp•sAi*reqilired
5eleci suiiaNtaccounthig polkles and ther*apply themion515tenT*,'
observoihe methottsand Principles In t￿￿(harlI1￿$S0kp,.
makè jud8EmEn15 and accounting e5fimatesthat are reasonab￿ andwvd￿l,.
siatewhether ap￿1¢ablEUKAcC0unlinI sta￿1¢d$ havtbtert follDwed 5¥bpct loan¥ moier&èldepaiturtsdiS(ksed
wepafE Ihefinanii4151&ipffjenl50n the 80ingcoficerTrbas15 unlessltlsltsapwowiatclo piewme that thEcKiri13ble
cornparywill continup In bu5itses5.
Iho tru%leoS 1É5ponyble for keewn8proper Kcountin8 record4 which Llstlase wth i0350na￿e accuocy at any timè
the fiThèn¢441905ilion af th@ charitable Company onawe them to er¢sufe thai tl* fiTrancHI state¥n*nt5 ¢IMnpl¥ ￿th
Componiesilct 2006. Thcyarcb15orcffjon%ibl￿ tsrsjfoguard1n8the￿ssQts0l thechoritoblccon?panyandheoc¢ taki￿¢
rèa50naWe5tep5 lor ihe prevtntlon 8nddete¢th￿ ol Iiaudènd othei itregularitie
haiiièble¢ompany'5web%ite. tÈBislatiiM intheunited KinBthm¥overiiiwthe91epafatioTrand dlsseminationof Ilh3nclal
51atemefttsmayJ4ffer liomthe leldatlon In otherluri5dlitionS.

UNIVERSITY OF BRIGFifoN STtyDL.NTS' UNION
TRUSTEF.S' ANNUAL REPORT ItOllti(iuedl
For thp year ondod 31 july 2024
A￿d￿Or
IIKP.
EFERÉNCE ANDADMIN15TRATIVE D￿t￿Ls
difgCtfxsoI the con1￿7￿¥ hJvo hL)IdoYiieb5 fdlow5.
Aliitoirwelhdm
lohA Wilstsn
0￿SU Atoihon I(￿lrI
0￿. ObosohJn
N2 4GN.
L•iir•Grpgnwogd.Poarsons
Ftri

UNIVERSITY OF BRIGHTON STUDENTS. UNION
Pa8e 110
TRUSTEE5' ANNUAL REPORT Iconrinuedl
For the year ended 31 July 2024
FXEMPTIONSFROM tMSCLosua£
No exemptlons In)m thE rf131bwre iequiiements applicpblp io J laryr ch*ity havt been taken In truStee5' annuèl
FUNDS HELDASCi1￿0D1At4
Ihe charitable<ornwyactsasctssttsd&ln larihefundsra15Èd byihe5rudenr5'mwywrts¢lub5.ThethJriraWecompany
15alsDcustodi4n ol iheannual Raising ahdGiving IRAGI pioceeds aiigihtt fiijrn thevafK>Usfufidf3i￿nÈ eventsuiganised
IhI5eJ bv St￿entS on certèln ttsUr5e5 to SUp￿￿￿ent their Ctsurse attwity. Fundsol E9.850 ¥ver? held on bpha1101 ihgse
b5andRtoMJps B5 at 31 july 2024-5ee note 15.
ThlsreportV43SèPWtrwEd byihe board ol irv51oe50r•.......
behalf oltheboard by
. 2024.andwa5%8ned foF andon
Osa5y Atorno
2024

UNIVERSITY OF BRIGHTON STUOENTS, UNION
INDIPI.NDINT AUDITOR'S RIPORT
TO THÈ MLMOERS OF UMIVLRSITY OF BfiiGHTON s'fuDf..NTS' UNION
Oplnlor•
AcEoun•ng plac)￿
Otherlnlortll&tlgn

LINIVERSITY OF BRIGHTON 5TUDENT5' UNION
Page112
INDEPENDEf4T AUDITOR'S REPORT
TO THE MEhrt8ERS OF UNIVERSITY OF BRIGHTON STUDENTS. UNION
Oplrtlonstsn ¢rth*rtMttvrs p10￿r4bfjd byth•Compttrsl•sA¢t2006
Intsuropinion,b&sed on thewoiktsndeiiukon inthe course oloui 8udit-.
the inl01mBt￿n9VenlrtlhÈLr￿Sfè•$'￿typ01rIrnC0Ip0ratIng1h9dlrectOr$,rep9rt>I0flh¥fin4n¢Ia1￿91IorWhItth
l*eiihan¢l*l $i&t0menl$ 9fe preparedls eOnSiSteniwlttt the Iln8n¢iaiststèmeot5.'8nd
the diièCLofB'reporthgsbÈÈnpiÈpgr$dlna¢cordaDcewithappiic8blelegg1
M•ltErson whlGh roq¥lr¢d toreport by&x¢tPllon
Inthc Ii&hto* 0￿r knowlcdgo and ￿der￿landIn¥0￿fhe charitsbl¢ CQrnp￿nY its obtoinod lrt tho
<auise ol the audil, wè have maierial mi5Slatemenr5 in ihe dire¢iors'Feport.
We have nothiTrz to reportlA respect ol the matters hi rèlJJon towh1chthecwpan￿S Act 2(K)6 reathres tss t
reportto ytru11, In OuroplniOn-.
adeouitÈ x¢oundn4rotords have not beenkeo, or retwns adeqv*2 ILYouraudtt have noi bw lotèr￿d from
bYanchestsot¥lslted by LFg', tsr
Ihehnan¢i41 slaEomont5 arenot inayeemefii ¥￿th thea¢wunttng 1ÈC0rthand￿turns'. or
rtain dlsclcsur*soldiie£tors' rEmunÈTrtion 5pecifiEd bylaw ar@ m*e.'oi
wehavo not received all thelnlvrrn4ifon and eX￿ana￿on$wÈ reqvige fof )uraudit.' or
the trtssteesworo not enth￿¢4 10 orepèretheffnancial statemen15 ki accuthnce wth the srnall Compa￿¢% iegi(ne
n¢StAkÈadvanta8Eof the5mallcompanies' exemptioDln prep?riD8ihedireclor 5rwt4n&lakegdYantaAf olthe
sm3N companles ExemptSonfmm there4uirtimÈhtttsprtPèiea sttstÈFK Itwt.
R*spon*lbllltl•sofdlM¢ttsrÈ
Asexplained moye lully thettustÈes' rp5ptsn5lb1l￿e5 51alemen¢ thE tru5tee5 IwtKJ ale 3150 ihe dileciors ol the ¢hèiitable
comp3ny tof the PUTW5e5 Df c¢kMpany lawl ale responsible foi piepard￿On ol the NnanciJl ststemen15 an¢ l(Y beillg
>atisfied ih41 th¢Yeive a iFue fairview. andfor s￿hlate{nal¢0n1I￿l ès thetlU5teesdeteimine 15 Decemaryto eivbloth
piepaf3knn of linaficidl iTaiefflenisihètAf* l#eÈ fromth*eTial mi5St3Temenl. whpthprdtte tD Itaudofeiior. In tyepailnithe
flnancial STarementri, thÈ tluSle*S ar? ieSPOnslble foi asse5&ing thÈ charitable COM￿ny'S ability to tontrnbe as J 8(Jln8
concern. d15closln8. 35 applicable. mètters iel3ted tts8Ointconcern aDd using ghe golry concein basis of ac¢otsnHn& unless
tho trusrees elther intend to Ilquidète the th6fitsUÈtom#anyof to cease opeiaUDn5, orh>4e realistk altema1y￿ ￿rI0
th>50.
A¥dltofsv•sponslbllltlè*foriheou¢titof tha IlnallclalstAt6illeMts
Our04ec￿Ve$31e ￿ obtain r0350nab￿ 355yrance¥boutwk*ther ihefinanriJl siaiemenlsasawhole Jr@freÈfrtsm matèr￿1
tyH55tateM8nt.vth￿h￿rd￿Ètofr3VdarerrOr, andto |55uganauditor'5 r￿pOrt[hat1nau{lei0wQ￿nI0N. Rea5fsnableassur3ftce
15 a hlih1evelof assurancè, btsE IS thaT èudit cOndvilEd 4ti(KthniE WiEh ISAS (Uxlwillèhyw dethrtè
rnatÈri31 rtW55tatEmentwhEnitexi5t& TrJi55t•ernEllt5can arise Irom Iraud orÉrcor wdaie((hi*dered matofièlif. indivldt￿l
01 Iht atyrt￿re. thty tou￿ rea50naNy be exppited Eo influencE thp. ECQtKimr(dpiiSionS of ￿se[S takett on ihe ba￿$ ol
Ihese1SnaDCialstatemeots.
1riegd4fiDe5. Includingtravd. areinstsnce50tnoft<omplkn3ncewtth lawsan6re8u1a￿9ns ThÈÈxttnlttswththourpioc￿￿res
are¢apableoIdetethn8lire8￿arItIz*. indudinfj fraud, 15 detailed bEIDW.

UNIVI.RSITY OF 8RIGIITON STUDCNTS, UNION
Page114
INDEPENDè.NT AUDITOR'S REPORT
TO TME MIM8ERS OF UNIVERSITY OF BRIGHTON STUDENTS, UNION
Exrefittowhlchlh8 ¢onsldeled ¢BpibleoldBItGtlnglttagularltlo>, In¢ludlnglrnud
ttuc Lo I1￿￿d.thfotsg￿ thi.&18ninBandirnplpmonrtngappropriaforQsgonsc&-.andtOif5ponddppiuyriJll,￿IV Fiiudol 5UspÉ-I
rh t1￿$￿(hI￿￿£¢d￿1lb Li¢ytrfjiinceof IhootyDty nd its moTh)Èp.meni.
Oui ap￿￿h￿a>JS follows..
Idcniilied of lillV5 rcgulJyons I￿1t Could reJson3bly ￿ expected To a mJtQTial vlf¢¢t tho
IiJmowDfk IU2 and lh¢ LcrfnpJnio* Act alJUb fbc Lharitrp5 nrt 20111 and Ihe relev3nl lax tomplianto
re¢ula*ons.

UNIVERSITY OF BRIGHTON STUDENTS. UNIQN
P&Ee 114
INDEPE NDENT AUDITOR'S REPORT
TO THE MEMBERS OF UNIVERsifioF BRIGHTON STUDEhtTS' UNION
V$• C*Fouir4PQrt
Th53repoitlsmadesolÈlyt¢ IhEchaiiroble comp&ny'smembgr5,9¥8bDdy. jnBccoIdJr￿c￿(hch0￿lvF3ol PDIi 16vl
IheComp2nieJAct2006. OiiftsuditwoTkhes beenundertaken JothatWED?18hl$lthtEtothectsmp¥nY3ffl?mbeF$those
bylaw. we do ¥¢¢ePE Of as5uw responsitsility w styofie oth81 Ihan me co￿panY aDd (ttè Gh3ri13blB company's
member8.4sa h0ty.totouraudit￿rk.Iar ihisreport, orfor ih8oplTrioA$we hav& Iorrnèd.
Davld Martln FCAISenlorSt&tDioryAuditorl
Fo¢and trn bBhallof Te Group
StAtutoryAudltor
ILIATEI Iy
Ollire.. Lew8s

IJNIVERSIN OF gRIGHTON STLIDf..NTS' UNION
CONSOLIOATF.D £TATF.MFNT or FINANCIAI ACTIVITIIS
IinclLadinf Consolidaied Incot71e ènd ÈKpeii(Iiture Accou(Itl
for the yeiir tnded 11 Jiily 2034
Unrcstilcted ReStritLed
rotal
Funds
202
2023
INIOME E￿DowMENvSFR0TrA..
1.4J3.904
7Jr.000
1,528.904
l.079.QO
81.726
1.498,630
l.041.220
93,975
1.079.L104
E2.726
TOTAL
2,fj15.6J
A'J.UUO
i.rig0.61
l.633.E)O
EXPENOITURÉ ON-
120.856
120.¥Sb
108.275
75.OlXI
2.518.140
ro¥AL
2,491.001
79.0
2.G26.415
IIM.6181
Ner INCQNE foA YklE PÈRIOD & NET
MOVEMENYIW FUPIDS
io
IY.%5
17.985
RECONCILIAIION OF FUNDS
TOTALFUNPSCARRIED FORWARD
Ar 3l IULY 2024

UNIVERSITY OF BRIGHTON STUDENTS. UNION
BALANCE SHEETS
s at 31 July 2024
Group 2024 Chapty 2024 Gr0￿p2025 tharlty 2023
Not¢5
FIXEDASSETS
T4n8lWe as5et5
Inve￿￿entS
53.657
53.657
70.631
70,631
53.65?
53,659
7Q631
70,633
CURRENT ASSETS
82,1rt5
34.00$
315.162
81145
81.758
31SI62
479.065
81,974
66.122
156.26$
4N,3GI
81,974
203.EIG
356.265
541.855
Detytors
cèth atknnk èrtd In hand
Crèds¢rrfs-. AMounrsfa41￿¥dVE withinono year
NffcijRRE￿ls5ETS
15
119,529
311.783
119,529
559.536
1139.9B7
264,3?4
1139,98?)
401J68
YOYALASSEISL£SSCUP8ENTIIASILITIES
365.441
413,196
J35,005
472.501
lorliabilitie5
16
11,2893971 11.280,5971 11.277,1461 11,277.1461
ET t￿BIl[rIES
924.156
1876.1011
804.64$)
THE FUND5 QFThE GRQUPANDCklARITY
Restricted ￿(oMefundS
Lkves11icred incomelwds
17
17
1924 1561
1876,4011
19411411
IB04.6451
TOTALGROUPAND CH4RITr FU14r)s
18
1876,4011
1804.6451
s peimitted by S408 Ctrmgartie5 Att 200S, Ihe charity has not prepared it¥ tswn STaremèTrt of Fithancièl A¢tNities 3r
ielated Dotes as li prewre5 VOUP acco￿￿{$. The cha¢ity'$10s5 foi the yeat ended 31 JvTr* 2024 was £71.7561202V23
The fiDancialsiatsmpnt5¢)npaEe5 J$ 10 33 w?reDpproved byihe ¥u5toe53nd 4uthor¢e4 lor155veon
IljIL/
2024. andare Signed on thelr bèhall by
05asuAt¢yno
CDmpan¥Number..096289Q9

UNIVERSITY OF BRIGHTON STUDENTS. UNION
COtrISOIIDATFD STATIMINT OF CASH FLOWS
for tlie year Énded 31 luly 2024
C.Ik)ntY
tirow
E023
Charity
2023
24
Notos
£ASH FIDWS FROM OPERATING AUIVITIES."
Net IDI1￿/{0￿1*￿TrW1 from oporating
19
tsF,327
61.327
ISd.9231
CASH FLOWS FROM INVESTING ACYIVlnES..
18.4]01 IIP.4661 147.9fj61
CHANGE IM AND CASH EQUIVALENTS
IN TIIE R£poftfip4G Y£Aft
5%.197
25fj.265
256.26)
1fj9.1&.1
CASH AND CASII EQUIVJllENTSAT THE ENO
OFTHE REPORTING YEAR
256.255
256.?.05

UNIVERSITY OF 8RIGHTON sfuDENTS' UNION
NOTES TO THE FINANCIAI STATEMENTS
lor the year ended 31 July 2024
7he charitablgcompaty. wlijch 155 publK beoefiieoiityun4er fRS 102, isconstitutedb5acofflpan¥litnited by8uJ¥aTriet.
ncorrorèted in England W3le5 and govcrnEd by ils Metnorandum and Art￿￿$ ol As50clation. The meTnbeii ol the
cbaritable romoailV#Ddthe prilliipalJddiys53re8lvefj Ln the ReferentÈandAdM￿iSIIati¥ÈDeIail5Of theTrust*Ès' Annual
Reporl. The ndiureof Shecharitablecompanvsoperationsand Plincipal ￿￿￿￿eSar*In<lvdEd0n pale i.
AC¢QitNfNG POtIClES Bas1% ola££auntu
The finartial slateTnents ha¥e been prepèied in attor￿a￿e wlth the Statemertof Re¢thnmeAded Practice.. Att¢unti￿#
UK affid Aepubli¢of IrEland IrN5 1021 and the fitta0¢F*I ftep¢rtl￿6 Stai)dafd appli(ablein Uthted RL'publiG
f IfelandlFA$ 1021 and ihe ChaiitksAci 2011 and UX Gen813NyAccppied Piactice as51 appl￿ from I january 2019.
The wÈsentatk¥naliurierKyLspoundssterfin
As è131 july 2024,the balance Sheet $￿WÈd nèt lia￿lItIeS01 E924.156 after re¢oiniyngibe SUSS peffls*ondelKIt Ilabili
01£1.289.597.
In con51derlni ihe gLNnÉ ts)tKern ba51501 Wep41at￿fi of thÈ liAan(ial 5tatement5, the trust&5 have iewewed ihe IhFee-
r*na￿epI￿n. Theplanalms to acNÈve arlegsra breake¥en p051tviDatrog5tho T￿￿EYearS0f thÈ ￿art.
The UAion'smain incomestrearnsarp the Uni¥ersityoIU¥ighton in trhtformol 5vbventyon,¥Trdcommerclal EradSngacitht¥
from itSOutlets (tale5 and S￿9514￿d siudenT evefits. The tsnivwsityof 61i8htonh45 confiimed n5 5uppoig In ihelormof
a 8lotkfjTant lor yeai ended 31 Jvty 2025lotalln8 ei.150.WQI2023124.. É1.149.9961. The Unioil's ÈOtDme¢¢ial adbvity
PIO¥idp5 è diver5livkd an4 robust Stsur¢o of in10m￿. C05tS a5SQCl4tÈd with 8efteY?tino comrneFclal income primarityvèry
gh thelevel ¢ttrnmercia1 a(u¥ity thvsieduCin8thefinanci& risks è550ciaredwrth ihi5 JCtknty-
The Unirjn heldf315.162in tath 4nd banktyeposiisatthe eDdof Z02312412022n3- É256.265land h3d neicvFrenta55215
01 É3JI.7B3120221Z3- £261.1741. Flee res2rve5arg ffl3lnialned I￿k. h*h[￿l￿￿tY depjslt a£counis ensurln8cash
w￿[ be readily av3ilable to Support operat￿8 aciivity, The prolilo of the UTrlon'5 In¢ome, e¥pen4iture, ahd cashlbw is
<losdyciKie&ied,en5ufiDBther2 are no Pèriods of $14rtititaNt nettash oytllow.
BW £nieiprlsellmlted IS a tFadin45utsTthary ¢omp¥rywholty owned ￿ UBSU. The trading sUb￿diary1enQrèted a Nor
for the Year 01 £89.741 CDntinuin< a tiend lo return to norTrial alier the Pahdethc12022123- nel IDSS EJ6,407I Sales
ieyenuewès El,159.67112022123- É1.084.1321 ènd expenditurewas £J.(￿9,930{2O?l12j- tJ,100.539111 isantiripatEd
B5U EntÈiprtsÈ litniiedwill remain In profit 31ter a strong start totiadlng In the 2024115 flnandklyear.
t Ihp ilme of approvinR the l*nartclal ststemeD15. the dirp£tor5 have a ioa50nablts txp¢rtation th4t tht ¢w#any h>5
ad&q￿re[e$o￿rcE5t0(0Tr11nL*snopefat1onaIeXlStEr￿e IDrtheloie5eeablefutvri 8SUEntecpiiseLKniFedhasalsvègfÈEO
5hort.teym ban Iiom The Universily ol BriEhloTr SltsdetTrls' Union io cowr short.term 105ses untll Ihe company has
distributable re5orvo. The directors Cooiinue to adopt the I￿rnI CtsntÈrn baSi5 013ccouTrlinB In preparlng ihe linanclè
asts Trf ffffi50uda￿Cn
The 5taremènt olfin3ncial actiwÈiesDnd thobalancoshÈet ¢on5DliJale Ihe re5ult%ot theacttvitie5 olboth theUnNer￿lV0l
tyri8h¢on Studthis- un￿Th and It5 whD11y Owned 51lbs￿l￿ry undertaking. BSV Ént*.IwlseL5miPed

UDklVERSITY OF BRIGHTON STUDENTS. VNIO
NOTE5 TO THE FINANCIAL STATIMElhlTS Iconhnuedl
lor Ihe year ende(131 July 2014
ACCOUNTINS PQLIIIES IC4nlinuedl
Income fKom yanis. Inclihling HovoromE57t Rrallt5. whvre r￿lated to P*FformJnCE and specilc le1iyerablp5. 15 accounted
Expèndltut
cJli'xo[i￿ as Support co%Ts SuppNt co'.ts are Ilivn alloraTrd ovei thedilfefeThtcatt4OIYdS oloxpolldjiiiieon thE ba51$01
Tèifiiltration Paymehts

UNIVERSITY OF 8RIGHTON STUDENTS, UNION
P2ge 120
NOTES TO THE FINANCIAI STATEMINTS Icontinuedl
lor ih@ yÈarended 31 July 2024
AccouN￿NG POLIQÈ$IContlnuedl
TawlL4ellxtd&55ets
All tan¥iblp assetspurchased ata cosi DI EI,OODormore and Ihèt hlr vean expE¢ted u5eluleconomlc Ille thèt èxC*@dsarte
¢epreclation. DewE(latiOn 15 provlded on all lan11b￿ fixed a55ets ar rères cakulated io write each a55et to lis
e511rn*ed resldual value evenlygyer 115 expected Usefvllile. a5 fDIIow5'.
Equlpneni-over liveyeais
lTrvei￿eDtS
JI ol the rhanrabte company's fixed assti inVQ5UDents Jro carrlod rn the balonce S￿et at CQ5t less PIOViSitsDS lor
impairmeoL These assets Jie not ieddily reali5dblE thFough sale occordinily. a reliaFAe marker cannot be
Srocks alè ¥aknèd èt the lower 01 ¢05t ènd nel rpali5able v3lw. after maklnE allo%¥arKe torany slow-m0￿￿& damagedor
solete item5.
lia￿l￿e$
Acot)iin8EnttiJknliiyis diKlosed forth05e irants. whKh do not t*prÈsènt liabiliiiès, wherpthg p05lble obli8atiDTr, whkh
at15esfrom Pa5ieventS. willonly b¢cortficmedby iheocciJfon¢eolofie or moieuncertain lutufeevenlsnirtwhplly wthin
thoifusteo5' Colltrol. Provisltsns tyler￿98￿150afU{ Ehoseyonls wherothereisuntÈrtaintyastothetithngoramouni and
an¥ un¢ertaint¥ It￿rdi￿ thtamounrisfflore than oneol the dtierminlnifa¢toisa5è ba￿$ foi reasonab￿ estimationof
Leaseo as%•t$4ttdo￿l1l￿o￿s
l of the char5table company's leas@S a<E "QP&tAtin¥ lo?5￿. Jnnval ronia15 ale char8ed 10 the 5tatenient of

UNIVERSITYOF BRIGHTON STUDENTS, UNION
PrflEe l ?.1
NOTIS TO Tiir. riNANCIAL STATf.MfNT£ If.ontinLieJl
ltrr the ypar ended 31 ILJIY ?0?.
ACCaUP4TING POLEIIES Icontinuedl

UNIVE RSITY OF BRIGHTON STUDENTS, UNION
Page 122
NOTE5 TO THE FINANCIAL STATEMENTS Icontinuedl
for the year ended 31 july 2024
ACCOUNTING POLIOESIContinugdl
nds hew a5 W$tod￿n
The£hariiablec¢mpanyac15 a5 Custodian lof the lunds rai5edtyiho 5tud?nt5' tninv SPtsrtSclub5.Thecharitatle(aTnPary
1521$0 ¢v5todian of ihe aThnu￿ Ralsing andGidng IRAGI proceeds arisln8 Ir¢￿ ihèvariovs fundra5slAgeventSOiganlsed b¥
rased bystvdent5 Dnceitain cour5e5 to Supplementtheiriours8 activiiy. Theca5h b￿anceS 10 ie5pea 0lthesecv5l¢￿10n
aclivll￿s are held in Iho Éh4fitstye company's bank èrtount5 togeiher wrh 4 corrp5pondin8 for the JnJovnt5
irfvolved. Pr￿* t¢ 18119 th? charitable company èlsv acted *$ ¢vStodiin Eor lunJ5 rwJcJ by 5tudenl 50rietie5. These ore
OW ￿Tr￿dered part of UBSU's fvfflancial a¢tivity have now beon ￿(￿￿}rated ￿t0 the consol￿aled 51Ptefftont ol
Fund
The 8Qn¢f31 fund comprises the a¢cumulatEd sutpluse5 01 un{e5lilcced income over eApenchture. whith aleavala￿e lor
U5eln further3nceof Ihegereial objectives of the chjiltablecompanv.
Dtsignated fund5 are a parli[Iilar form ol vnre51ricted funds consisting ol amounts wh￿h have been allocated or
de5tgnèted loi spe¢ilit PUrpD&ts by th¢tru5ree5 The use of desluated Tuhd51et￿￿M5at the diSCIÈLN%i tsf ihe iTusiees.
Ro>tfkre&fuD¢Js ore lunds Sub5ect trj spe(ilicionditionsimw5Ed by donor&Thewrpose?nd use of the Fe5'.IlcteO lunds
are set out in thè notQ5 to the linanual 5tatemei115. kn￿>U￿t5 Un5PÈnT at tTr￿ yoai-end are(aN￿OI0[￿ard In the balance
sheet.
CRificAL AttOUNY>NG IUDGEMENTSAND KEY SOURCESOF ESTIMATION UNIEifAINTY
IntheappllcationofthechèfitablÈctsmpanI5ac¢r)Urtiin8)olicie5. thetfV5teesèreie•ulredtomalejud8ements.tsiimètes
a55umpiiyns abLbtsLthe£ariyinsamountrola55Etsand liaknliir5 Ihai 4r0 rhDi re4d* apparent frumoihor souf¢os. The
e5tirnaie5 ?nd Underly￿￿$ èS5umPliOns arc based historical eiporlencp and Qiher fa(tO¢5 Ihèt are c0Tr51dered to be
e5timaiei and tsnd*rl￿n8 aSSumpri0￿ 8ro rw4ewed on on8olnB basis. REdLE￿n5 to actt)un4iTrd eslimates are
r8co8fflised in ihe year in which the E5timale 15 revised 1f ihe rÈyi5ion allects othvlhatvear. ry in ghe yearof the I￿$10￿
nd tUl￿re¥earS il 1here￿￿￿natFecls bothcuttonl andfurure years.
The e5timaies ènd as5VmptlQll5 th8: IIDve a 5igniltcant risk vf cauyn8 a Materi￿ édjv5tmeni to the c3rryliiB ¥nounts ol
a55ei5 and IlabNitièS wIt￿Th thg dext flhan[ial vpar ale those used by ihe s(heme aCu￿lY In al(￿￿11n& the unIvEr￿ty of
B[￿h1O￿ Students. i11￿¢n'S portlon4f thèsu55 delihed benefit ponSion5(heme li?biliiy
Ih thÉ Dphian of the tru51¢e5. lhE￿ are other estimates and undeilyithg a55umpdon5 in the applicatK>n of accountin8
pDll¢ieS thataie conydeied lo becrirical. bec•vse iheyeithey fequire a li￿lFKaDtaM0uttt of mafiègement judrtemeht oi

IINIVEIISITY OF BRIGHTON STUDIMTS. UNION
Pagp 123
NOTfg TO THI fiNANCIAI_ STATF.MI.NTJ Iicnlinuprll
for the year Liided 31 July 2024
DOPIATIONSAND IEGACIES
TDE
20kl
1,149.996
1,149.996
87.528
1.12?,0
Si.250
75.Doa
291.380
291,180
291.380
1.453.904
1.52&YO4
INCOME FROM WORKING WITH SIUDEA TS
i.ono.171
916.9Jl
.079.W.I
1.041.220
OTHEH IRADING ACTIVITIES
INVE5tMEMrs
RAISING SUN05
(￿?￿r(la1 acliviLIV.¥-
16,290
6.335
SD)
79.31LI
76.£OY
20.856

UNIVERSITY OF BRIGHTON STUDEN¥S' UNION
Page 124
NOTES TO THE FINANCIAL STATEMENTS Iconts"nuedl
forthÈ year ended 31 July 2024
COSTS OSWORKINGIIIIFHSIUDENTS
Rest(￿l
lund$
2024
2023
na1￿￿￿ by acfpviry..
Cale5and shop5
tniertalnmenis and ￿efitS
1,009.094
60.836
IJW.094
fjQ.836
981,910
118.484
Academlc @xp￿￿e￿￿. 8ddc&and wellb4rte
Campw andcommvllitv
Olhtrstudent ￿tr￿tieS
4￿.014
4N.DI41
75.
767.367
358.703
?s,o
854528
75.IX
767.367
Lo55 on reValUat￿ts ol pension deliiii
fjovern¥nce c¢st5
lu6.￿8
132,835
106.64
129,505
2.476.795
75,0
2.551.793
2.513,140
Unre5tcl¢tert
A*strlctsd
Totè4
W24
2Q13
ATralY5Èd bytypcof c05ts.'
837.402
832.402
171.691
783.612
198.308
Suppgrt stslf c05rs
Logs OTh ¢eva1vo1iynolpen5it>n deficit
839,888
106.648
75.(¥yJ
91d.888
895.942
106,643
29L380
96.950
132A35
29L.380
96.950
131,835
291.38
OlheiwpporicostS
G￿er￿a￿CeC0slS
319.392
129,505
2.476,793
2,SSI.793
2.518.140
c￿er￿at￿￿c9￿ESare madeupa5fdbw5'.
2024
2023
SabbaikalOfficer5alade5
SabbètKJlOfh¢er training
uditois. iemuneration- Extern414udji
Auditois, IEmuneia1io￿- cOtpoialE taxCom￿lante
UnderaccriiHlln rp.spe(tol prlthryeafs
109.215
5.7S2
16.775
750
Ing.3(*)
3.7&7
l5.125
343
615
132.83
129.505

UNIV£R51TY OF BRifJHTON STUDENTS, UNION
i ge 125
NOTES TO Tkif FINANCIAL STATI.MI.NTS Icontinuedl
the year eiide,d 31 July 202
STAFF C05TS
?opJ
A¢.￿¢M1￿c￿￿￿rl-. D¢t. ¢1￿ vthllbDine
Ollicc m&ndgoM￿1t
SaWllr.Al OTfir.eis
63
10.lso
18.552
b*lw*¢ll £9Q,LD) diid ElOQ.CW.
Grvss
Employei p*n5ian
22.802
22.802

UNIVERSITY OF BRIGHTON STUDENTS, UNION
NOTES TO THE FINANCIAL S¥ATEMENTS Icontinuedl
for the year ended 31 July 2024
g. STASFt05T5 Icontlnuedl
Other than 45 dsclosed above, no 1fuslp￿rQCe¥Yed remunerat￿￿ for thÈir [gr￿CeS tts rhèthariEableLgmpairyduflfi8ihè
The 5abbitkal OtNceiS Incuried nor￿￿1 bugness expenkes for trèv&l, subslstonci and tr3inln8 durin¥ rhè coyr5e of rheir
efftployrneni a5 Sabbaii¢al Offictrs ènd ¢¢tlaime4 fh(¥)Tr through the normd tmployee eipen5ÈS relmbuiS2fftent
wotÈdu1*5 fheioial of IhestexpeAse5 lo¢BII the SabbaiKal Olliccrsèmtsunted 10 £%752122123- E3,767
ujp olvolunteer5 a￿4 donateOse¥¥iC*S
The IhJrity rnako5 c¢llSidera￿¥ u5eut the 5eNlces ol VLlunieeis In ord6r to notonlymanaBe ihe chaiitable (Offlpany at
Irustee levd but also to ddiyer 5ervKes and other $4MilAr projèct outcryne5 ￿b￿￿etit5 to beneficiar￿5. The chariiab
company isalso ￿lIant￿p0￿￿a￿3t￿O seTvice5 prov￿￿￿tsy1tSW1d￿ranSe ol 5YWrteFS. thp5edonatertse￿i(OsWh1ch
caTh be quantrfied, are recogni*d the financial 5Iatemeois a5 donat￿￿n51￿￿1Trd.
10 NETINC¢TrME FORIHE YEAR
1024
2023
Net income foi thèyeèr*sstbted afTeF chJrwn8-.
Depieclatio
25.4Q4
25.6(KI
11 TANGIOLEASSEIS
6101
Ewlpment
Cosi..
01 AugLFSL2013
Additioos
269.149
269.149
8.430
8.430
Oiswsèls
3J Juty 2024
241.632
Oeptvclatpon..
01 Au8U5t 2023
tharEeforÈhgyoar
Di5W5als
31 Jul¥2014
198.518
25,4
198.518
15,41M
187 97J
?3.922
Net bookvèlu¢'.
31 July2024
53,657
53.657
31 Jvly2023
7a.631
7D.631

UNIVERSITY OF BRIGHTON STUDINT5' UNION
PagÈ 127
NOTES TO THF. FINANCIAL STATf..MINT5 l£onhTiuedl
fot the yi%ar elided 31 july 2024
12 INVE5TMEf*TS
char￿
UniOtTr Furtd$ 8YJ EnrcrpDs0 Lid
foLJl 2024
TutAI W21
ri1.1￿
BSIJ Enieiprl%e Limiiod Ig a iradiil8 sbhsidr4iy ¢tsnlfvln¥ wholty Nyiilid ty Uitsu. Tal￿ irAdinRsub&idiary gtrtprarpd a Pfollt
$70CKS
68.703
2.145
81.974
Bk,974
14 DE8¥ORS
5.988
5.988
27.414
1.42S
28.017
28.Ql?
37.281
.44.OD
66.L22
203.616

UNIVERSITY OF BRIGHTON STUD£NTS' UNION
NOTES TO THE FINANCIAL STATEMENTS Iconift¥uÈdl
forthe year ended 31 July 2024
IS CReDITORS
Group 2024
£hariiyW24
Group 2023
Amounts falkngduewithinon2year-.
136,5431
133.6851
138,0711
lJ3.6851
Oiher t&xe5 and soc1315ecurSlV CQSt>
19,8501
Actiual-
134.4121
tlelerred In¢cthc
119.529
139.9871
Defelred income..
Oeferredincomobrou8hi lorwèrd
DelerredincomeiElea5ed io the statementof
25.17?
25.175
26.766
26,766
Income reC￿ved inadvance duritlg IhèpÈr
2S,175
Dèlei<ed inrornEcarried forward..
2S.175
DefÈiied ￿1￿Me Includedili the ¢ompaiatNe5indudes thos¢ Iwd5 received iDathance foiseThicestobe delivefedbythe
charitablÈ cofflgany ID tht 202312024 nrt3ntial yeaf and PFlfflail￿ (ompiises bwkins lee recer4ed ￿ advar*Ee lor
16. PROV1510N FOR LIAMILfiiES
2024
2023
5US5 pen￿ort deflciT
grovwoo
SU5$ pension defi¢w¢
pr￿￿$40Th
1,277,146
1,465,922
aevAlUat￿ll ol peftslon delidt
Balance ag 31July
lQ6.648
1,289,S97
1,217,146

UtyIIVLRSIT¥ OF 8RIGHTON S"IUDfNTS' UNIOhl
P¢? ge 129
NOTES r() THI FINANCIAL STAfEMENTS Icoiillnuodl
for the ye.3r eiided.31 july 2024
THE FUNDSOI GRUVP
AND THE CHARITY
Exp0rd*it￿￿E
311v
beiweeo
?.024
Graup
75.￿0
I75.0￿1
IP5.th)1
75.(X)O
143.3891
70,631
¥.dJo
iw10pm￿nt rc5erve IEJnd
47,410
Gfnvp
R￿￿trICts￿ I￿oMe fiinus
175.OODI
175.(Wl
75.wo
2.6Jf7.W7
1112.0921
4a.2&fJ
11.5.GtsOI
70.631
Dev*l(>vM￿it (escrvo lund
269.C32
164.37
188.776
Z.657.W7
.713,9n7

UNIVERSITY OF BRIGHTON STUDENTS. UNION
IOTES TO THE FINANCIAL STATEMENTS l¢.nnt?nuodl
for the year ended 31 july 2024
17.
TTrtE FUND5 OFTHE GAOUPAflD THE CHAASIY IcontlllUEdl
Thecapital reseT¥e fundwa5 set iipioseparJtolyidentily ihethaiit3bleCumpanV5 fixLYJ as*ls thw. ha￿ b￿npul¢ha%ed
Irom the<hiriiable company's own ullre&ll￿ted f￿fid$. Transleis a￿ made to 01 from tbis fvod E¢ (Ove¢ movememtson
unrestricEpd lixed a55e15 such as addStlOns. d45PO>a15 an&depr￿lat1On so that iho clu41n8 baldnce on the repre5enf5
rhellet hook value io the unreStrKtod fixed 355etS involvod.
ThE Contlll8ency re5eiYe lund wès set vp to Set arnunt io covei urtloreseen or emergency expenditure. The
amovnt rèrried forward in this fund IS ievlewed annuallybv ihefiusie?5
The ba1?nce Df thegeneral Fund that Is not u%Èd forany Qthor purpos9s￿Stra￿5leii￿d io Ibe Development re5erye fund io
carrid Iwwiltd artd vsod to lurthrf dcvolopthechariratrje acttiities ol the ch3Ti¥obl¢ cthbpBTry.
The SU5S pensti)nd*llcirfundwA>sèt up tQ 5eparaieWWeAtitythe rese<ves defiDt Irom the fieedto attount lo
0￿Slo￿l￿r¢Sp￿t0f a￿dit￿nal SUSSem?loyer pe￿on(OntrIbUtIO￿SF￿U￿rpd tobe pBidinlutuiEyeBf5byllieihaiTrtèble
e￿p￿Yerdtflned bejefii pefi5￿￿ scheme.
18. ANALY5Tr50F NET ASSETS
BETWEEM FUMDS
Curfènl
(urrenl Pryyi5K)n5 lor
Group
è55Ets
?4
Resiri£ted incomefunds..
UfigesTri¢ted Inc4rnp lunds..
De51%TrJged ltsnds-.
Capital reserwe luNd
Contingencyieserve fund
Develo1￿¢￿1 resorve fund
SU55 pen￿Onde*￿ItfuThd
53,657
53.657
Iu),(NM>
211.783
ioo.th)o
331,312
53,657
43lJ12
Fixed
CwrenT
ProO￿On5 lor
Charfty
aSs¥l%
1014
Rest[￿ted 1nc0mof￿ThdS'.
Unrestrlciedlncome fu(Trds'.
DO￿%nated lunds..
CarAtal rtserve fund
Contin8eo£¥ieseive lund
Developmenire5ervefund
SUS5gpn%iDll dellcit
S3.657
53.657
100,0
379.067
259,538
PIEfiiA8ILtriE5
51,6S7
479.067
1876.401

LJNIVERSITY OF 8RICJHrO￿ STUDINTS, UNION
NOTIS TO TH£ FINANCIAL STATIDIIENTS Iw•liiiuedl
for the year vndÈd 31 July 2(124
ANALYSIS DF NF.T A55FTS
iIF.TWFfN FUNI1%
Ctsrfftnt Proyisions lo
Group
5Stts
UniostrKted Intomt lunds..
70,G31
70,631
iLkn.OQD
3fyI.361
I￿.(m￿)
164.374
70.631
404.36
11,277.1461
(urron
Charky
20?.1
70.G31
7U.531
ioo.tKx)
I￿.000
441,8JB
70.631
541.858
1804,645

UNIVERSITY OF BRIGHTON STUDENTS, UNION
NOTE5 TO TFIE FINANCIAL STATEMENTS Icontinuedl
forthÈ ￿¥[ ertded 31 July 2024
19. RECONCIIIATION OF 14ETINCOME TOIIET CASH
PROVEDED BYOPEK4nNG AcfiviTIES
Group ID24
Chdrity2024
Group2033 Chanty 2023
IletincDmeforthE repDrtin8 period
17,985
17.985
106.488
106.488
diu5tMent5 foi..
Dividend5. inieie51Jnd lent5 from ItNestments
15.404
?5.404
25.6
25.600
Decreasein d@brors
52.257
52.767
ecrea5ein creditor5
120.4581
12.451
120.d581
Decr2asellincre•sel inpIOviSK>n5
1188.7761
Nei rash usrd inispeFat¥w actlvltie5
67.327
67.327
161.9331
164.9231
20.
RSLATÉD PARTY TRAf4SA(TIONS
Jrln8thèyeai. thech3fitè￿eCOMDOrt¥ undertook various trènsxtlonsoTrbeh31'of rTrdiDg 5vbstdlary. 35U ETrterpr15e
LimlTfd,aco(npanylncorporJted*rt Enwand èndWale5lCompanyreglsttationntsmber092422141. IhechArrtabletOmwhy
did not r￿GOIn￿le anyGiltl4iddDn3tv)nglromBSU Énterpr15c Limiioddurih£ theyèar theto the lact thetradin£ subsidiary
Is In deffcit. At the ballnce sheei date. E47.753 12022123 £137,494) wo5 Qwed by B5U EDterpr5se Liniiied. This will bt
ThpFewere nooiher related pèrtv Ifansactioiisdvrln8the year.
2A.
PÉNSION COMMrrMENTS
UBSU p3[ti￿PhIeS Inthe 51udenis' Unlon sup&fènn￿1tI0n Schptnt. whKhi53 der￿dbe￿e1iI s¢l*mewhose mentbershlp
Con￿$t$ Dlffflplo¥Ees o15tudeTrti' unrons and related bt￿leS throughout tho(ouncry. &enelitsln respect oFseNce up t¢
30SeptembeF 2003 are 3rcwed on a"liDèl salèrf ￿815, With &enelit5 ITr re5pectDI 5eryicofrom l Qctober2003 a¢cTUint
on a tsreer Average Revalued Eèirtin81 ICARÉI ￿515 Wifh eflect from 30 September 20JI the Sthem¢ c105ed to future
Tho SEhEffle undofwcniaDaciuar￿lya1uar10rt asai 30 lune 2022 and 5hDWst￿E Ihernarket valueof the Scheme'5assets
was £106.7m With ihesea55els reproseniing 44% of ¢hevaluE of ￿nefitS thal hadacctupdio member5 after allowin8 101
eApEct@d lutuie In¢rease51J oainings. ThE delltit onbTron4oln8 fvndlfflg ba51sam¢vnged go E136 6rn.
ThE assumptlonswhich have thE (YW)515isllilrcanteffect upon tlie result501 the valvoi￿n are ihose r￿￿11￿8 iv Ihe rale of
reiuin un I￿V￿>t[nents andthefaze5of InueJ5e in 5413rie54nd pery￿an5.
Thefollowing a55¥TnpiKbnsweieèpplied at 30June 2020..-
The investmentreturnwould be per annurn befot¢ rebferntnt ond 2.￿pOr￿nn￿￿ aftoi retirorrteni.
Pen$5onsattlUSnÉdn IheCARE ba$15 would revalue at 3.6% PErantsum.
Piesent dnd lutUlE pen5ionswoyld incrt4SE at r8tes 5picified byscheme ruks Vdith apWopr￿t@ assumptitsfis wh*.¢e
those ère dependenton Infl4rK>n.

UNIVERSITY OF BRIGHTON STUDENTS, UNION
NOTES TO THE FINANCIAI 5TAT£MF.NTS Icoi)tinuedl
for the year ended JL lilly 2024

Documenl Activity Report
D¢Kument Sent
Tu6, 07 Jan 2025 17..16..38 GMT
Document AcU¥lty Hlstory
0(￿1￿ent hislcry slThv8 most re(*nt aC￿￿ty fi
Data
Aetlvlty
You ean vadfy thal this is 8 genuine Portal docurnent by uploading 1¢ to the following secure web page..
http.'Iltcgroup.accountantspi¢•.eo.uklm•ssagosNorlfyOocument

## **Document Activity Report** 

## **Document Sent** 

Tue, 14 Jan 2025 09:36:01 GMT 

## **Document Activity History** 

Document history shows most recent activity first 

## **Date** 

## **Activity** 

Tue, 14 Jan 2025 11:01:53 GMT Chris Hallgren viewed the document 

You can verify that this is a genuine Portal document by uploading it to the following secure web page: 

**http://tcgroup.accountantspace.co.uk/messages/VerifyDocument**