Reglstered numbgr. 09628909
Charity number: 1164033
UNIVERSITY OF BRIGHTON STUDENTS UNION
(A company limited by guarantgo)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025

UNIVERSITY OF BRIGHTON STUOENTS UNION
(A company limited by guaranteg)
CONTENTS
Page
Trustees. report
Independent auditors. report on the financlal statements
12-16
Consolidated statgment of financlal activities
17
Con$olidated balance sheet
18
Company balance sheet
19
Consolldated statement of Cash flows
20
Notes to the tinancial statements
21-42

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A company Ilmlted by guarantse)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JULY 2025
The Trustees Present their annual report together with the audited financial statements of the Cornpany for the 1
August 2024 to 31 July 2025. The Annual rewrt serves the purposes of both a Trustees, ￿pOrt and a directors,
report under company law. The Trustees conffrm that the Annual rewrt and finanaal stslemenls of the
charilable company ¢omply with the current ststulory requirements. the reqU1￿ments of the charitable company's
goveming document and the provisions of the Statement of Recommended Practice ISORPI applicable to
charities preparing thelr accounts in actj)fdan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffective 1 January 20191.
ObJectlve8 and acllvlues
a. Pollcies and obJectlv88
The charitable objectives for which the charÉtable company was estsblislwl are..
The advancement of education of students al the Universty of Brighton for the public b8nefil by..
The promotion of the interests and welfare of students of Brighton during their cOu￿e of study and
representing. supporting, and advising students.
Recognition as the represenlatsve Channel betsveen students and the Universty of Brighton and any other
extemal bodies., and
The provision of social. cultural, Spoitng, and recreational aetNitr"es and forums for discussion and debate
for the personal development of ils students.
b. Actlvltle5 undortakon to achievo objgctivos
In pursuit of these objectives, we support and represent over 16,000 sbjdents.
We do this by..
Gathering and sharing student feedb8¢k wth the University to improve the studerst experience.
OpeRting a support and advocacy setvice, providing individual adwce and support to Students.
Enabling and en￿￿raging democratic parbcipalion in student leadership elections.
Enabling and encouraging student pa￿'cIpation in activities, evenis and societies to In￿ase their sense of
belonging, aid contsnuation. and improve outcomes.
Building communities and facilitating engagement be￿een studenis to foster a high sense of belonging.
Campaigning locally, regionally and natsonally on issues impacting students,. and
Providing employment opportunities and training for students.
The trustees have taken The Charity Commission's guidance on public benefit into consideralh)n in revi￿1ftg
and managing the objectives and 8ctivilie$ of the charity 8nd are satisfied the infonnation pregented within this
annual ￿pOrt demonstrates U8SU's public benefit.
Our MisS￿n is-. Making Studont Llfe Better
c. The uso of voluntsers and donatod 8errflces
The ¢harity makes considerable use of the seNices of volunteers to not only manage the charitable company at
trustee level, but also to deliver activities and outcomes for the benefit of its beneficiaries. The charity is also
reliant upon donated services. and Ihose donated seNices which can be quantified, are recognised in the
financial ststements as donations in ktnd.

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A company limited by guaraoteel
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 JULY 2025
Achievements and perforniance
a. Main achievements of the Company
In 2024125 over 7.500 students actively participated in our membership activib.es throughout the year with many
students participaling in multiple opportunities.
Our annual salislaclion results remain consistenlly high with a 93% aveTage for the question does 'BSU makes
sludenl life betterf.
The BS9 Plan - Flve Strategic Themes
We are three years into our strategic priorities in The Big Plan with the following achievements.
b. Amplify the Student Volce
Student vol￿S are the most powerful tool in creating positive change and celebrating Su￿$S_ The single voice
is as important as the collective and we need as many as possible.
The pulse survey achieved nearly 1,000 responses over the year, providing vital feedback from students about
their experiences and priorilies. 650 volunteer sludenl Course Representatives shared their insights, with over
120 altending our Representation Summits lo explore feedback and suggesliDn5 on key iSSLtes
2,005 students voted in our full-time offI￿r elections. with a focus on achiev1ng a much mote even split of voles
across campuses. which was achieved
The National Sludenl SuNey results gave a 6¥0 increase in our satisfaction levels with students, which was a just
reward for all the hard wo
¢. Defend A¢adomic Quality
Students are paying significant money for their education, and we will work hard lo ensure that they receive value
for money and the highest quality of education possible.
The University acted on many of the Officers. campaign priorities including a change from module to component
capping on resils and In-year Module Retriev81 IIYMRI for all years. Perhaps most impacllul is the commitment
lo stop any new modules having exams, as they disadvantage many students, and do not represent aulhenb"c
assessment.
In ot5r monthly Pulse survey. Ihe annijal average for 8SU effectively iepresenls my academic interests rose for
the third year running to 86Yo

UNWERSITY OF BRIGHTON STUDENTS UNION
(A company Ilmtted by guaranteo
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2025
A¢hlavements and perfomian¢e {contlnuedl
d. Promote Posltlve Wellbelng
Students are facing signifi¢ant issues that challeng8 p95itive W81lbe￿g. Individual students will also have unique
challer>ges, and we will be by their side to support advise and guide Ihem.
Cost of living increases conts.nue to hil students and remains the nurnber one concem each month. Through a
donation from the University, we opened BSU Essentsals, a free food panty for students in financial hardship.
Nearfy 1.000 students accessed this servi￿.
Over one third ol university students n¢)w declare a mentsl hearth or neurodivergenoe. We worked with the
University to address physcal and academic challenges Ihal they all la￿.
g. Bulld Belonglng and Community
There is a clear correlation betsveen students that feel like they belong at university, and those that achieve their
potential. We will bring S￿dents together to ¢￿ale strong CA)nnections and communities.
Societies had a fantastic year with the number rising from 110 active groups to 170 by the end of the year, wlh
over 3000 members actively taking parL and increase of 900 students on the prevv)us year.
A varlety of free activi)es were put on across the campuses, particularly targeled at subject areas wth higher
drop out rates. We await the statistics to see if this was impactful.
The Officer team ran a number of events prorr4)ling and celebrating different culture5, through food,
entertainment and dance. The Falmer fun day was a great succoss. ensuring students at the campus feel
activities are available to them. Black History month events went auoss the University spaces, into the libraries
8nd canteens. The Black Leadership programme was jointsy created and launched, with extemal speakers and
imp8Ctful sessions to inspire our students.
f. Boost Employablllty
We recognise that students choose University for many different reasons and have different desired outcomes.
We will help our students to realise and a¢hieve Iheir own polenlial.
We worked dosely with the University Careers and Employability team lo rLsn a Change Makers event, bringing
students from across different courses and backgrounds together to tackle real-world challenges. We also mel
with local MPS to lobby for changes to the intemational student work visas.
Page 3

UNWERSITY OF BRIGHTON STUDENTS UNION
(A company limited by guarantee)
TrUSTEES' REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2025
Financial review
a. Financial result5 of activities and events
Total income for the year was £2,714.244 123124 - £2,690,633) which is an increase of £23,611 lo.880￿)
Income from cafes and shops fell by £3,62510.360hl and incorne from entertainment and events decreased by
£4,523 15.74 101. UBSU continues to benefi't from the financi81 support of the University of Brighton through the
block grant which was £1,149,996 123124 - £1.149,9961. Donations and GTrnls from other funders were
£116,925123124 - £87,528}.
The revaluation of the provision for future pension deficit payments resulted in a gain of £35,741 123124
£106,648 lossl. This, in addition lo the recovery plan cash payments of £98,907 duTing the year resulted in a lolal
provision decrease of £134,647.
Tglal expendiluie for the year was £2.638,037 123124 £2,566,000) which is an increase of £72,037 12.81°kn1.
Café and shop expenditure increased by £10,899 {1.08O/f)I because of higher buying costs. The cost of
Entertainment and events reduced by £5,56T19.150/DI reflecting further restrnclunng towards commission-based
event sales Academic experience, campus and community, and Dlher sludenl activities expenditure increased
by a combined total of £54.47714.38%1.
Funds incrÈ3sed by £111.948 during the year. These funds will be used lo support the conb'nued pursuit of our
strategic piiorib'es during 2025-26. The Iwinimum Reserve has been maintained 21 £100,000, in line with the
Reserves Policy.
Cash decreased by £55,151 reflecting the SOFA surplus of £111,948 for the year adjusted for non-cash and
working capital movements. Depreciation of £24,223 was added back, while an increase in debtors of £19,014, a
dèciease in stock of £869, a decrease in creditors of £13,547, and a reduction in the provision for liabilities of
£134,647 resulted in a nel oufflow from operating activities. In addition, the charity invested £24,983 in the
purchase ol fixed assets during the year.
b. Reser¥es policy
Although the charitable company had Tro free reserves al 31 July 2025, excluding the pension deficit liability of
£1,154,950123124 - £1,289,597) freè reseryes would have been £288,325123124- £311,784).
The Trustees reviewed the UBSU Reserves Policy in 24125. The policy follows Charity Commission guidelines
and considers the risks 2sso¢ialed with ils activity and the financ81 impact of these risks on income and
expendiluTe. The review concluded an appropriate miriimum reserve level remains al no less than £100,000. AI
the end of 2024125 UBSU had a minimum reserve of £100,000 {23124- £100,000) and a Development reseNe of
£188,325 123124 £211,784). Developfflenl reserves are primarily held to SUPFX)rt one-off strategic projects in
line with the strategic plan and Society activity throughout the year
The Iruslees are committed to reviewing the Resetves Policy on an annual basis.
Page 4

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A Company Ilmited by guarnnteel
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
. Golng ¢on¢orn
As at 31 July 2025, the balance sheet showed net IRbilities of £812,208 after rwnising Ihe SUSS pension
deficit liability of £1.154,950.
In considering the going concern basis of preparatson of the financial stalemenls, the trustees have reviewed the
three-year finance plan. The plan aims to a¢hieve at least a breakeven position across the three years of the
plan.
The Union's main ino)me streams are the University of Bnghlon in tha lomi of subvents"on, and commercial
trading activity from its outlets {cafes and shops) and sludenl events. The University of Brighton has confirmed
its support in the fomi of a Block Grant lor the year ended 31 Juty 2026 totaling £l.150,000 12024125..
£1.149,996). The Union's commercial activity provides a diver51fJed and robust source of inmme. Costs
associated wth generatsng commercial income primarily vary wth the level of commercsal activty thus reduong
the financial risks associated with this activity.
The Union held £260.011 12023124 £315,162) in ¢ash and bank dep05its at the end ot 2024125 and had nel
current assets of £288,32512023124 - £311.7841. The profile of the Union's income, expendiluTe, and cashflow
is closely correlated, ensuring there are no periods of significant nel￿sh ouffiow.
The Trustees believe the cuffent level of free ￿serVeS. alon9 With dose Control of expendtture will be sufficient lo
manage any decreases in income over at 5east the next ￿e1ve months
BSU Enterprise Limited is a trading subsidiary company wholly owned by UBSU. The trading subsidiary
generated a profit for the year of £68.362 {2023124 - £89.7411. Sales revenue was £1.143,624 {2023r24
£1,159.6711 and expendibjre was £1,075.262 (2023124 £1.069.9301. It is anticipated BSU Enterprise Limited
will remain in profit after a strong start to trading in the 2025126 financial year.
On the basis of this information, the trustees consider the going concem basis to be appropriate.
d. MatsTlal Imiestments pollcy
The trustees, havlng regard to the liquidity requirements of UBSU. have kept available funds as worknng capital.
•. Prlnclpal risks and un¢ertalntle8
The trustees have a duty to identify and review the risks to which the charity is exposed and lo ensl1￿ that
appropriate ¢onlrols are in place to provide reasonable assurance against fraud and error. Systems and
pro￿dureS havo been established to mitigate the financial and trading risks. Procedures are in place to ensure
compliance with health and safety legislation in relation to staff, volunteers and participants in all activities of the
Union.

UNIVERsrrv OF BRIGHTON STUDENTS UNION
(A company limited by guarnntee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2025
Structure, governance and management
. Constitutio
UBSU is a registered charity, and a company limited by guarantee, nol having share capital. Every member
undertakes to contribute an amount not exceeding £1 to the assets ol the charity in the event ol the charsty being
woijnd up during the period of membership, or wlhin one year thereafter.
The Union was originally sel up by the University of Brighton. 11 created ils own unique constitution which was
formally adopted on 30 April 2010 2nd it was registered as a charitable trust in England and Wales on 25 August
2010 The new charitable company was incorporated on 8 June 2015, tix)k over all the activities of the charitable
trust with effect trom 31 July 2015, and was registered as a charity in England and Wales on 20 October 2015.
UBSU is governed by the rules and regulations set (Jown in its company Memorandum and Articles of
Association dated 8 June 2015.
b. Methods of appointment or election of Trustees
The management of the Group and Ihe Company is the reSponsi￿'11ty of the Trusiees who are elecled and co-
opted under the terms of the Trust deed.
- Organisational structure and deeislon-making policies
UBSU is administered by ils Board of Trustees consisting of up lo lour Lay Persons, up lo four Students and four
Sabbatical Trustees (students elected annually by cross-campus secret ballot of the UBSU membership). The
four sabbatical posts are President, Education Officer, Activities Officer and Communities Officer.
The sabbatical posts are full-time, remunerated posts as authorised by the Edtjcation Act 1994.
Business and employmenl decisions are the responsibility of the Board, as are the approvals of the annual
budgets and accounts. The Board meets on a iegular basis lo receive reports and review the charity's
performance. The board of trustees has delegated the day-to-day running of UBSU lo a Chief Executive, named
under'Refeience and Administrative details.. UBSU employs several full-lime staff undertaking the management
of its many aclivilie5 and these staff are accountable lo the Chief Execub've in the perfomiance of their duts"es.
The Sabbatical Trustees attend several trainin9 events designeAJ to ensure they understand their role as
Trustees. All external lrnstees and student trustees are also given an induction session before they join the
Board which includes the role and responsibilities of trustees generally and in relation to Brighton Students,
Union," conflicts ol interest,. and the principles of good govemance.
d. Pay policy lor key management personnel
Remuneration of UBSU'S key management personnel is decided by the Trustee Board. These decisions are
based on recommendations from the CEO following a ￿VIeW of the ￿le against BSU'S role evaluation 5¢heme.
The CEO'S rernuneralion is decided by the trustees.
Page 6

UNIVERsifi OF BRIGHTON STUDENTS UNION
(A Gompany limited by guardntg01
TRUSTEES. REPORT {CONTIMUEDI
FOR THE YEAR ENDED 31 JULY 2025
Structure. govorTrance and management (contlnuod
e. Related party relatlonshlps
With the exception of Ihe Sabbatical Officers {as discussed above), none of the trustees reG8ive remuneration or
other benefit from their work with the charity. Trustees are required to make dedarat'ons of interest al the start
of every board meeting. In the current year no such le￿1ed party transactions were reported.
The relahonship between the Universty of Brighton and UBSU is estsblished in the Regulations of the University.
UBSU receives a block grant from the University of Brighton. U8SU occupies space in the building5 owned by
the University indusNe of utilities, caretaking and cleaning staff. An eslimaled value lo UBSU for this free
seThiced accommodation has been included in the financial staletnenls al a conseNats"ve £302.452 12023124
£291,380}. Although UBSU continues to generdte supplementary funding from various mutual trading activities, it
11 remain dependent on the University of Brighton for support. The Edu(2tion Acl 1994 imposes a duty on the
University of Brighton to ensure the finanaal viability of its student representative body and therefore the board of
trustees considers Ihis supp)rt will continue in the foreseeable fvture.
Paqe 7

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A company Ilmited by guarantee)
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 JULY 2025
Plans for future period$
We will continue to follow our new strategic priorities".
Am
the Student Voice
Sludenl vol￿S are the fflosl powerful tool in creating positive change and ￿lebrating success. The single voice
is as important a5 the collective, and we need as many as possible
We will,
Improve the represenlalive slruelures lo re￿1ve louder and clearer student voices from across the
University
Ensure students feel that their voices are valued and acted upon
Improve the feedback to all levels of the University.
Defend Academlc
uali
Students are paying significant money for their education, and we wll work hard to ensure that they receive value
for money and the highest quality ol education possible.
We will,
Continue to lobby for Clearer and more student centred academic regulations
Ensure key University policies are consislenlly delivered
Ensure support 15 In place lor students moving campuses
Promote Positive Wellbein
Students are facing significant issues th31 challenge posilivp wellbeing Individual students will also have unique
challenges, and we will be by their side lo support, advise and guide thern.
We will",
Champion positive rnenlal wellbeing and support throughoul the Union and University
Pfovide proaclive and ieactive accommodation support
Ensure 8SU and University support services are meeting the current needs of our sttjdenls.
Build Belon
in
and Communi
There is a clear correlation between students that feel like they belong al UnNersity, and those that achieve theif
potential. We will bring studersls together lo create strong connections and communities.
We will,
Provide safe. inclusive space5 and activities lo bring people together and help cieate connections
Champion equity for all students Ihioughoul the Union and University
Provide opportur)ilies for students lo build their social and cultural Capital
Boost Em
lo
ablli
We recognise that students choose University for many different ￿asOnS, and have different desired outcomes.
We will help our students lo realise and achieve their own potential.
We will",
Create more employment and volunleenng opportunities for students across our organisation
Increase awareness and articulation ol skills learnt participating in BSU activities
Lobby the University to increase employability opportunities and experiences for students
To support these aims, we have the following foundations".
Markètlng
Improve OUT marketing for the whole Union, our services and activities
Page 8

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA company limilod by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 JULY 2026
Plans lor future Pofiods (continued}
Ensure our virtual presence allows students to access information they need, when they need it
Secure improved physical tocations for our services
Peoplo
Ensufy that all our staff have the skills and support needed to succeed in their roles
Encovrage opportunitses for innovabon and change in order lo delNer our aims
Review our staff ben•fits to enable us to attract and retsin a tslented team
Rèsponslble and Su8talnable Unlon
Secure financial sustainability lo successfully deliver our strategic aims
We will ensure that our IT systems and skill levels meet the needs ofour operations
Make ethical and sustainable deosions regarding partners, Suppliers and our $eNices
Reference and adrnlnislrativo detalls ol Ihe Company. Its truste•s and advS8ers
Trust¢es
A Welham
J Wilson (resigned 27 June 2025)
J Tindall
O Atomon {resigned 27 June 2025}
M£ Olujohungbe
O Obasohan
F Emmanuel I￿51gned 27 June 20251
A Ononiba
D Dada (resigned 27 June 2025)
D Sanders (appointed 1 April 20251
T Al¢ha (appointed 1 April 20251
R Rano {appointed 1 April 2025)
N Spence {appointed 28 June 2025)
M Kana, Chair (appointed 28 June 20251
R Birch (appointed 28 June 2025)
Company reglstered
numbor
09628909
Charlty reglstered
number
1164033
Roglsterod office
Cockcroft Building
Lewes Road
Brighton
BN2 4GN
Independent audltors
TC Group
One Bell Lane
Lewes
East Sussex
BN7 1JU
Paqe 9

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A ¢ompany limlted by guarnnteg)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY 2025
The charity has made the following professK)nal appointments.
Auditor
Banker
TC Group, One Bell Lane. Lewes, East Sussex, BN7 1JU
Natwest Bank. 8-11 Pavilion Buildings. Caslle Square, Brighton, East Sussex BN1 1 DP
The following staff are responsible for the day-104ay management of the charity..
Chief Executive
Director of Commercial Servi¢es
Director of Membership Servi￿$
Laura Greenwood-Pearsons
Justin Brentnall
Tom Foy
Laura Greenwood-Pearsons is the chaiitable company's Corresponden￿ contact.
Funds held as eustodlan
The charitable company acts as custodian fof the funds iaised by the students, many SF)Orts clubs. The
charitable company is also cu%lodian of the annual Raising and Giving IRAGI proceeds arising from Ihe various
fundraising events organised by Ine students each year and then distributed lo the nominated charities involved.
Finally, the charity is custodian ol funds raised by sludenls on oert31n courses lo supplement their course ￿tIvity.
Funds of £11,825 were held on behalf of these clubs and group5 as al 31 July 2025- see note 16.
Statement of Trustees. responsibilities
The Trustees Iwho are also the directors ol the Company for the purroses of company lawl are restx)nsible lor
preparin9 the Tnislee.s' rpport and the financial statements in accordan￿ with applicable law and United
Kingdom Accounting Stan(Jards (United ￿'ngdoM Generally Accepted A￿9￿￿ting Practice).
Company law requires the TTuslees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the slate of affairs of the Group and the Company and of their incoming resources and application of resources,
including their income and expenditure, for that period. In preparing these financial stalemenls, the Tluslees are
required lo..
select suitable accounting poliues and then apply them consistentw,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting ests"males that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going coii¢ern basis unless it is inappropriate to presurne that the
Group will contsnue in business.
The Trustees are responsible for keeping adequate accounting records that are suffiryent lo show and explain
the Group and the Company's transactions and disclose wlh reasonable accuracy al any lime the financial
P051tion of the Group and the Company and enable them lo ensure that the financial slalemenls comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the GfOUP and the Company and
hence for taking reasonable steps for the prevention and detecb'on of traud and other irregularities.
Page 10

UNIVERsifi OF BRIGHTON STUDENTS UNION
IA company Ilmited by guarant••)
TRUSTEES, REPORT (CONTIMUEDI
FOR THE YEAR ENDED 31 JULY 2025
Dlsclosure of infonnation lo auditors
Each of the persons who are Trustees at the time when this Trustees, report is approved has confimied that..
so far as thal Trustee is aware, there is no relevant audit infomation of which the charitable group's
auditors are unaware, and
that Trustee has taken all th8 steps that ought lo have been taken as a Twslee in order to be awa￿ of
any relevant audit information and to establish that the charitable group's auditors are aware of that
infomiation.
Auditor8
The auditors, TC Group, have been apsxjinted as the auditor lo the charitsble company and has indicated their
willingness to continue in office.
Approved by order of the members of the board of Trustees and signed on their behalf by..
M Kana
Date. Cg1 iai &OAS
Paqe 11

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA company limited by guarantee)
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF UNIVERsrrY OF BRIGHTON STUDENTS
UNION
Opinion
We have audited the financial stalefflents of University of B¥ighton Sludents Union (the 'parenl charitable
companll and ils subsidiaries Ilhe 'group'l for the year ended 31 July 2025 which compfise the Consolidated
statement of financial activities, the Consolidated balance sheet, the Company balance sheet. the Consolidated
statement of cash fiows and the related notes, including a summary of significant accountin9 policies. The
'nancial repo￿ng framework that has been applted in their p￿paration is applicable law and United Kingdom
Accounting Standards. induding Financi21 Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic ol Ireland, (United Kingdom Generally Accepted Accounting Piaclice).
In our opinion the financial statements..
give a true and fair view ol the slate of the Group's and of the pa￿nI charitable company's affairs as al 31
July 2025 and of the Group's incoming resources and appI￿all0￿ of resources, includin9 Ils income and
expenditu￿ for the year then ended",
have been properly prepared in accordance with United Kingdom Generally AC￿pted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for op&nion
We conducted our audit in accordan￿ with Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described In the Auditors, responsibilities lor the audit
of the financial slalemenls ￿ctIOn ol our report We are independent of the Group in accordance with the ethi￿1
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating lo goiny ¢onc9rn
In auditing the financial ststemenls, we have eoncluded that the Trustees, use of the going o)ncern basis of
accounling in the preparation of the financial stslements is appropriate.
Based on the work we have perforrned, we have not identified any material uncertainties ielaling lo events or
conditions that, individually or collectively, may ca51 significant doubl on the Group's or the parent charilable
company's ability lo continue as a going concern for a period of al least twelve months from when the financi81
slalemenls are aulhorised for issue.
Our responsibilities and the responsibilitses of the Trustees with respect 10 90ing coneem are describecl in the
relevant sections of this report.
Page 12

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA company Ilmttod by guarantoe)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UNIVERSITY OF BRIGHTON STUOENTS
UNION (CONTINUED)
othgr Inforniatlon
The other information comprises the infomiatson included in the Annual report other than the financial statements
and our Auditors, retX)rt thereon. The Trustees a￿ responsible for the other infomalion contained within the
Annual ￿pOrt. Our opinion on the financial statements does not cover the other infomiation and, exeept to the
extent otheNise expli¢iUy staled in our report, we do not express any brn) of assurance concluson Ihereon. Our
responsibility is lo read the other infomation and. in doing so. consider whether the other informatron is
materially inconsistent wllh the financial statements or our kn¢)wledge obtained in the ￿urse ol trie audit, or
otherwise appeats to te materially misslated. If we identify such matersal inconsistentses or apparent material
mi$stalemenls. we are required to determine whether this gives rise to a material misststemenl in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misslatemenl of this other inform*ion, we are required to report that fact.
We have nothing to report in Ihls regard.
Oplnlon on other matter5 pre$¢rfb6d by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audit
the information given in the Truslees, report for the financial year for which the financial statements are
prepared is consislenl with the financial ststements.
the Trustees. report has been P￿Pared in accordance with appluble legal requirements.
Mattern oft whlch we are requlred to report by oxcoptlon
In the light of our knowledge and understanding of th$ charitsble company and ts environment oblained in the
urse of the audit, we have not identified material misstatements in the Trustees, report.
We have nothing lo report in respect of the following matters in relation lo which Companies Act 2006 requires
us to ￿pOrt to you if. in 0￿r opinion..
the parent charitable o)mpany has not kept adequate and sufficient accountr'ng Rcords, or retums
adequate for our audit have not been ￿ceIVed from branches not visited by us.. or
the parent charitsble ¢ompany financial statements are not in agreement with the accounkn'ng re¢ords and
returns.. or
certain discSosure$ of Tnjstees, remuneration specified by law are not made,. or
we have not received all the informats'on and explanations we r￿ul[e for our audrt.
Page 13

UNIVERSITY OF 8RIGHTON STUDENTS UNION
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UNIVERsrrY OF BRIGHTON STUDENTS
UNION ICONTINUEDI
Responsibilities of trustees
As explained more fully in the Tnjslees, responsibiltties stslemenl, Ihe Trustees Iwho are also the direclors of the
¢harrtable company for the purposes of company lawl are reswnsible for the preparation of the financial
statements and for being satisfied thal they give a Irue and fair view, and for such inlemal control as the
Trustees determine is necessary lo enable the preparation of financial statements that are flee from material
misslalement, whether due lo fraud or error.
Iri preparing the financial statements. the Trustees are responsitAe lor assessing the Group's and the parenl
charitable company s ability lo Continue as a going Con￿￿, disclosing, as applicable, mallers related lo going
concern and Us￿ng the going concern basis of 2ccountirig unless the Trustèes either intend lo liquidale the Group
or the parent charitable company or to cease operations, or have no reali51ic alternative bul lo do so.
Page 14

UNIVERSITY OF BRIGHTON STUDEKfs UNION
(A company Ilmhod by guarnntetl
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UNIVERSITY OF BRIGHTON STUOENTS
UNION (CONTINUED)
Audltors. responslbllltles for the audlt of Ihe flnanclal 6tatgments
Our objectives are to obtain reasonable assurance about whether the finan¢ial statements as a a￿ free
from material misstatement, whether due to fraud or error. and to issue an Auditors, report that indudes our
opinK)n. Reasonable assuran￿ is a high level of assuTance. bul is not a guarantee that an audit ¢ondu¢ted in
accordance wth ISAS {UK) will always detect a material misstalernent when it exists. Misstalemonts can arise
from fraud or error and are considered material if, individually or in the agg￿gate, they could reasonably be
expected to influence th8 economtc decisions of users taken on the basis of these finan¢ial stslenxnls.
Irregularities, including fraud. arè instances of non-compliance with kws and regulations. We design Pfocedures
in line wth our responsibilities, ouljined aljove. to detect mateiial misstatements in respect of ifregularitles.
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Extent to whleh thg audlt was ¢onsldered capable of det8Ctlng Srre9ularttlos, Includlng fraud
The objectives of our audit, in respect to fraud, a￿.. to identify and assess the risks of material misslatemenl of
the finanaal ststements due to fraud.. to obtain suffiryenl appropriate audit eviden￿ regarding the assessed risks
of material misstatement due to fraud, through designing and implemenb'ng appropriate responses", and to
respond appropriately to fraud or suspected fraud identrfied during the audit. However, the primary responsibility
for the prevention and detecb'on of fraud rests with both those charged with govemance of the entity and its
management.
Our approach was as follows..
We identified areas of laws and regulations that could reasonably be ex*6d to have a ￿￿terial effect on
the financial statements from our general commer¢ial and sedor exFerience, and through discussion with
the twslee$ and other management (as required by auditing standards), and discussed with the directors
and other management the policies and procedures regarding compliance wlh law5 and regulations".
We identified the following areas as those most likely lo have svch an effect.. health and safety., General
Data Protection Regulation IGDPR),, fraud., bribery and corruption and employment law. Auditing
stsndards limil the required audit procedures to identify non-compliance with these laws and regulations lo
enquiry of the trustees and other management and inspection ol regulatory and legal co￿eSpOndenCe, if
any.
We considered the legal and re9ulalory frameworks dirertly applicable to the financial statements
reporting framework IFRS 102 and the Companies A¢t 2006 and the Charities Act 2011) and the relevant
tax compliance regulab'ons in the UK.,
We considered the nature of the group's operations, the control environment and busines5 performance,
including the key drivers for management's remuneration.,
We wmmunicated identified laws and regulations throughoutour team and remained alert to any
indications of non-compliance throughout the audit;
We considered the pr￿edureS and controls that the group has established lo address risks identified, or
that otherwise provenL deter and delecl fraud., and how senior management rnnitors those progfammes
and ¢ontrols.
Based on this understanding we designed our audit procedures lo identify non-complian￿ with such laws and
regulations. Where the risk was ￿nsidered to be higher, we performed audit procedures lo address each
idelltified fraud risk. These procedu￿$ induded.. le51ing manual joumals,, reviewing the financial slatemenl
discbsures and testing to supporbng do¢umentation', perFormlng analyti¢21 procedures; and enquiring of
management, ané were designed lo provide reasonable assurance that the financial statements were free from
fraud or error.
Page15

UNIVERSITY OF 8RIGHTON STUDENTS UNION
IA ¢ompany limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF UNIVERSITY OF BRIGHTON STUDENTS
UNION ICONTINUEDI
Owing lo the inherent limitations of an audit. there is an unavoidaUe risk that we may not have detected some
material misstatements in the financial slatemenls. even though we have propefly planned 2nd performed our
audit in accordan￿ with auditing stsndards. For example, the further removed non-compliance with laws and
regulatsons lirregulariliesl is from the events and transactions reflected in the financi21 slalefflenls, the less likely
the inheTently limited prO￿dureS required by auditing standards would identify IL The ttsk is also grealei
regarding ir￿gUIantpeS occurring due lo fraud ralhel than error, as traud involves intentional concealment,
forgery, collusion. omission or misrepresenlalion. We are not responsible lor preventing non-complian￿ and
cannot be expected lo delect non-compliance with all laws and regulations.
A lurther desuiplion ol our responsibilities for the audit of the financial 51alemenls is located on the Financial
Reporting Council's website al". ww.Irc.or
Auditors. report.
.uklaudilorsres
onsibililies. This description forms part of our
Use of our report
This report is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 of Part
16 of the Companie5 Acl 2006. Our audit work has been undertaken so that we mrghl siale lo the chanlable
company's membeis those mallers we are required lo slate lo them In an Auditors, report and for no olheT
purpose To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than
the charitable company and its tnembeis. as a body, lor Dur audit work, lor this ￿port. or for the opinions we
have formed.
David Martin FCA (Senior statutory auditor
for and on behalf of
TC Group
Ottices" Lewes
Date. Ib E.
Page 16

UNIVERsrtY OF BRIGHTON STUDENfs UNION
(A ¢*)mpany limitgd by guar4ntoe)
CONSOUDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR ThE YEAR ENDED 31 JULY 2025
Re8trl¢ted Unrestricted
fund$
funds
2025
2026
Total
fundg
2025
Total
lunds
2024
Note
In¢om6 from:
Donats'ons and legacies
Charitsble activities
Other trading activities
75,000
1,494.372
1,070,855
74.017
1,589,372
1,070,855
74,017
1,528.904
1,079,003
82.726
Total Ineome
75.000
2,639,244
2,714,244
2,690.633
Expenditure on:
Raising funds
Charitable activities
128,600
2,434.437
128,600
2,509,437
120,856
2.445,144
75.000
Total expgndituro
75.000
2,563.037
2,638,037
2,566,000
Net movem•nt in funds before other
recognised gainslllosses)
Actuarial gains on defined benefit
pension schemes
76,207
76.207
124,633
35.741
35,741
1106,6481
Net movemènt in funds
111.948
111,948
17.985
Re¢on¢lllatlon of funds:
Total funds brought forward
Net movement in funds
1924.1561
111.948
(924,1561
111,948
1942,1411
17,985
Total fund8 carrfod forward
1812,2081
{812,2081
(924,1561
The Consolidated statement of finan￿al 8ctiviti8s includes all gains and losses recognised in the year.
The notes on pages 2110 42 fom part of these financial statements.
Page 17

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA company limited by guarantee)
REGISTERED NUMBER: 09628909
CONSOLIDATED BALANCE SHEET
AS AT 31 JULY 2025
2025
2024
Note
Fixed assets
Tangible assets
12
54,417
53,657
54,417
53,657
Current assels
Stocks
Debtors
Cash al bank and in hand
14
81,276
53,020
260,011
82.145
34,005
315,162
15
394.307
431,312
Current liabilities
Creditors. arrK)unls falling due within one
year
16
1105,9821
1119,5281
Net current assets
288.325
311.784
Total assets less eurrent liabilities
342,742
365.441
Net assets excluding pension liability
Defined benefit pension scheme liability
342,742
(1,154,950)
365,447
11,289.5971
Total net liabilities
1812,2081
1924,1561
Charity funds
Reslricled funds
Unrestricted fund5
17
{812,2081
1924.1561
Total funds
{812,2081
1924,1561
The Trustees acknowledge their responsibilities for COFnplying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial slalements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Date..
cqIRl&t15
The notes on pages 21 to 42 form part of these financial statements.
Page 18

UNIVERSITY OF BRIGHTON STUDENTS UNION
{A company Ilmlted by guarantee
REGISTERED NUMBER: 09628909
COMPANY BALANCE SHEET
AS AT 31 JULY 2025
2025
2024
Note
Flxed a88ets
Tangible assets
Investments
12
13
54,417
53.857
54,419
53,659
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
81.278
53,020
260.011
82,145
81.758
31 5,162
394,307
479.065
Current Ilabllitles
Creditors.. amounts falling due within one
year
16
{126,5911
{119.5281
N•1 current assets
267,716
359,537
Totsl assets le8$ current Ilabllltles
322,135
413,196
Net assets excluding pension liabFlity
Defined benefit pension scheme liability
322,135
(1,154.9501
413.1S6
(1,289.597)
Total not Ilabllltles
{832.8151
(876,4011
Charity funds
Restricted funds
un￿strICted funds
Total funds
17
17
{879.7911
1876.4011
1832,8151
(876,401)
As Femiitted by $408 of the Companies Act 2006, the charity has not prepared ils own Statement of financial
activities and related notes as ¢t prepares group accounts. The Companvs net movement in funds for the yeai
was £43.58412024 - £171,756)).
The Trustees acknowledge their responsibilities for complying with th8 requirements of the Act with respect to
accounting records and preparation of financial Statements.
The finandal statements were approved and authorised for issue by the Trustees and signed on thèir bèhalf by..
Date..
01 I iai 3CL
The notes on pages 21 to 42 fomi part of these financial ststements.
Page 19

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2025
2025
2024
Cash flows from operating activities
Nel cash used in operakn'ng activities
130, 168)
67,327
Cash flows from investing activities
Purchase of tangib￿ fixed 8$5ets
124,983)
18.4301
Net cash used in investing activities
(24.9831
(8,4301
Cash flows from financing activltles
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents al the beginning of the year
155,3511
315,162
58,897
256,265
Cash and cash equivalents at the end of the year
260011
315,162
The notes on pages 21 10 42 form part of these financial slalemenls
Page 20

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A ¢ompany limitgd by guaréntg91
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
G•neral Infomiatlon
The charitsble company, which is a public benefit entity under FRS 102, is consliluled as a company
limited by guarantee, incorporated in England and Wales and gDvemed by its Memorandum and Articles
of Association. The membets of the charitable company and the principal address are given in the
Reference and Administrative Details of the Trustees, Annual ReporL The nature ol the charrtable
companys operations and prinapal activities are included on page 1.
Ac¢ountlng policles
2.1 Ba$1$ of preparnllon of Ilnanclal stat•monts
The finanaal statements have been prepared in a¢¢ordance with the Char*b"es SORP IFRS 1021-
Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable to charities
preparing their accounts in accordance wth the Finanaal Reporbng Standard applica￿e in the UK
and Republic of Ireland (FRS 102) leffeclive 1 January 20191. the Finanaal Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006.
UnweNty of Brighton Students Union meets Ihe definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless othemise
staled in the relevant accounting policy.
The Consolidated statemenl of financial activities ISOFAI 8nd Consolidated balance sheet
consolidate the financial statements of the Company and Its subsidiary undertaking. The results of
the subsidiary are consolidated on a line by line basis.
The Company has taken advantage of the exemption allowed under section 408 of the Companie5
Act 20(￿ and has not presented ils own Statement of financial activibes in these financial statements.
The presentation cuT￿nCY is pounds sterling, which is the functional ¢urrency of the chafity. Monetary
amounts in these finan¢ial staiemenls are rounded to the nearest pound.
2.2 Going concern
At the time of approving the financial statemer¢ls, the trustees have a reasonable expectation that the
company has adequate resour¢es lo contr'nue in operational existen￿ for the foreseeable future.
Thus the trustees continue to adopt the going CA)ncem basis of accounting in preparing the finanejal
slatemenls. Additional consideration by the trustees is dY8cbsed within the Trustees, Report.
Paqe 21

UNNERSITY OF BRIGHTON STUDENTS UNION
IA company lirnited by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Accounting policies Icontinuedl
2.3 Income
All income is recognised once the Company has enlillement to the income. il is probable that the
income will be re￿iVed and the amount ol income recewable can be measured reliably.
Grants are included in the Consolidated statement of financial athvilies on a receivable basis. The
balance of income received for specific purposes but not expended during the period is shown in the
relevant funds on the Balance sheet. Where income is received in advance of enlillement of receipt,
its recognition is deferred and included in creditors as deferred income. Where entitlement otturs
before income is received, the income Is accrued.
Gifts in kind donated for dislribubon are included at valuation and recogni5ed as income when they
are distributed lo the projects. Gifts donated for resale are induded as income when they are sold.
Donated facilities are included al Ihe value lo the charitable company. where this can be quantified,
and a third party is bearing the cost.
2.4 Expendlture
Expenditure is recognised once there is a legal or collslru¢live obligation to Iransler economic benefit
lo a third party, Il is probable Ihal a transfer of econornic beneliis will be required in selllemer>l and
the amoiint of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up ol the total of direct costs and shared costs. inclLJding support cosls
involved in undertaking each activity Direct costs attributable lo a single activity are allo¢aled directly
to that activity. Shared costs which conlribule lo more than one activity and support costs wh1ch are
not attributable lo a single activity are apportioned be￿een those activities on a basis Gonsislent with
the use of resOUr￿s. Central staff costs are allocated on the basis of lime spent, and depreciation
charges allocated on the portion of the as5eYs use.
Expenditure on raising funds includes all expenditure incurred by the Group lo raise fund5 for ils
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on ch3rilable activittes is incurred on direcuy undertaking the activities which furthef the
Group's objectives, as well as any associated support costs.
All expenditure Is inclusive of irrecoverable VAT.
2.5 Taxation
The Company is ConS￿ered lo pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore il meets the definition ol a charitable company for UK corporation lax purposes.
As such ils income and gains fallings due under sectson 471 10 489 of the Corporation lax Act 2010
or section 256 of the Taxation of Chaigeable Gains Act 1992 are exempl from corporate tax to the
exienl that they are applied to its charitable objectives.
Page 22

UNIVERSITY OF BRIGHTON STUDENTS UNION
{A company limlted by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Accountlng pollcles {¢ontlnuod)
2.6 Tanglble fixed assets and depreclation
Tangible fixed assets Cx)sling £1,000 or more are capitslised and rewjnised whon fvture economic
benefits are probable and the cost or value of the asset can Èe measured reliably.
Tangible fixed assets are initially recognised at cosl. After recognibon, under the cost mojel, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended wot*ing condition should be
included in the Measu￿Ment of o)st.
Depreciation is charged so as to allocate Ihe cost of tangible fixed assets less their residual value
over their estimated usefvl lives. .
Dep￿CiatIon is provided on the following basts..
Fixlures and fittings
Computer equipmenl
200k Straght line
200A StrabJhl line
2.7 Investments
Fixed asset investments are a form of financi81 instnErnenl and are initialty recognised al th￿r
transaction cost and subsequently measured at fair value al the Balanc* sheet dale, unless the value
cannot be measured reliably in which case it is measured al c05t less impairrnent. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'GainsJlL05s&s1 on
investments, in the Consolidated slalement of financial activities.
Investrnents in subsidianes a￿ valued at cost less provision for impairmenL
2.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due all¢)wance for
obsolete and slow-moving stocks. Cost includes all d1￿ct costs and an appropriate proportion of fixed
and variable overheads.
2.9 Dobtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the dale of acquisition Of opening of the deposit or similar account.
Page 23

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA company 14mited ty guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Accounting pollcles {continued)
2.11 Liabilities
Liabilities and provision8 are recognised when there is an obligation al the Balance sheel dale as a
result of a past event, it is probable Ihal a ITansfer of economic benefit will be required in selllemenl,
and the amounl of the settlement can be eslimaled reliably.
Liabiliti'es are recognised al the amount that the Company anticipates il will pay lo selue the debt or
the amount it has ￿ceiVed as advan￿ payments for the goods or ServI￿S il musl provide.
Provisions are measured al the besl estimate of the amounts required to settle the obligation Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tsx discount rale that reflects the risks speofic lo the liability. The
unwinding of the discount is reco9nised in the Consolidated statement of financial aclivib.es as a
finance cost.
2.12 Financial instruments
The Group only has financial assets and financial liabslities of a kind that qualify as basic financial
Inslrumenls. Basi¢ financial Instruments are initially fec(NJnised al Iranbaclion value and Subsequently
measured al their selllement value wlh the exceplK>n ol bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.13 Penslons
The University of Brighton Students. Union participates iri the Students, Union Superannuation
Scheme ISUSSI, a defined benefit multi-employer pension scheme. which is externally funded and
conlraeled out of the State Second Pension. SUSS is valued at least every three years by a
professional qualified independent actuary with the rates of contribution payable being delemiined by
the Iruslees of SUSS on the advice of the actuary. The 2022 valuation recommended a monthly
contribution lequirement by each participating employer expressed in monetary terms intended lo
clear the ongoing funding defi.cit. As 2 consequen￿ under FRS 102, the University of Brighton
students. Union has Tecognised a liability in the balance sheet equal to the nel present value of fijture
deficit reduction payments. These payments a￿ discounted to the present value using the mafket
yield on high quality bonds.
The charitable company also makes contributions into 2 group peisonal pension plan with Aegon and
additionally participates in NEST The Aegon scheme is available to cert8in employees. while the
NEST scheme is available to all employees The assels of those defined (x)nlribulion pension
schemes are held separately from those ol the charitable company in sndependent trustee-
administered fijnds. The amount charge lo the Statement ol financial activities in respect ol pension
costs is the conlribubons payable for the year.
Page 24

UNIVERsrrf OF BRIGHTON STUDENTS UNION
{A company limltgd by guarantae)
14OTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Accounting polici¢$ 1¢ontinu￿>
2.14 Fund accounting
General funds are unrestricted fvnds which a￿ availalje for us8 at the discretson of the Trustees in
rtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustees for particular
purposes. The aim and use of each designated fvnd is set out in the notes 10 the financial
statements.
Restricted funds are funds which are to be used in accordance with specffic restri¢tions imposed by
donors or which have been raised by the Group for paitular purposes. The costs of raising and
administering such funds are charged against the specific fund. The alm and use ol each restricted
nd is sel out in the notes lo the financial statements.
Crltlcal accountlng è8tlmat¢s and areas of Judgmgnt
Eslimales and judgments are continually evaluated and are based on historical experience and other
factors. including expectations of future events that are btslieved lo be reasonable under the
circum5tance$.
Critical accountin9 estimates and assumptions..
The Company makes estimates and assumption5 conceming the fvture. The resulting accounty'ng
e$limates and assumptions will. by definition, seldom equal the related actual results. The eslimales and
assumptions that have a significant risk of causing a material adjustment lo the ¢arrying amounts of
assets and liabilities within the next finanaal year are discussed below.
The estimates and assumptions that have a significant risk of causing a material adjustment to the
carying amounts of assets and liabilities withln the ne￿ financkql year are those used by the scheme
actuary in calculating the UnNersity of Brighton Students, Union's ports.on of the SUSS defined benefit
pension scheme liability.
In the opinion of the trustèès, there are no other estimates and underlying assumptions in the application
of accounting policie$ that are consKlered to be critical, because they either require a signifi¢anl amount of
management judgement or the results are material to the charitable company's finanaal stalemenls.
Page 25

UNDIERSITY OF BRIGHTON STUDENTS UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Income from donations and legacies
Restrfcted Unrestricted
funds
funds
Z025
2025
Total
funds
2025
t)onalions from other funders
Grant of serviced accommodation
Block grant from Ihe University of Brighton
75,000
41,925
302,451
1,149,996
116,925
302.451
1,149,9
75,000
1,494,372
1,569.372
Reslricled UnEslricled
funds
fund5
2024
2024
Total
funds
2024
Donations from other fvnders
Granl of Se￿l￿d accommodation
Block grant from the University of 8righlon
75,000
12,528
291,380
1.149,996
87.528
291,380
1.149,996
75,ooa
1,453.904
1,528,904
Income frorn working with students
Unrestricted
funds
2025
Total
nds
2025
Cafes and shops
Enlertainmenls and events
996.546
74.309
996,546
74,309
1,070,855
1,070,855
Page 26

UNIVERSITY OF BRIGHTON STUDENTS UNION
(A company Ilmltsd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
In¢ome Irom working with students Icontlnuedl
Unrestnded
funds
2024
Total
fvnds
2024
Cafes and shops
Entertainments and events
1,000,171
78,832
1.000,171
78,832
1.079,003
1.079,003
Income from other Iradlng actlvnles
Income frorn non Charltable tradlng actlvllles
Unrestrlcted
funds
2025
Total
funds
2025
Commercial marketin9 sponsorship
74,017
74,017
Unrestricted
fun(ts
2024
Total
funds
2024
Commer¢ial marketing sponsorship
82,726
82,726
Page 27

UNNERSITY OF BRIGHTON STUDENTS UNION
(A company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Raising funds
Unrestrieted
funds
2025
Total
funds
2025
Commercial activities..
Direct costs
Dire¢l staff costs
Support stalf costs
Rent
22,643
8,806
19,523
500
77,128
22,643
8,806
19,523
500
77,128
Other support costs
128.600
128.600
Unreslricled
funds
2024
Total
funds
2024
Direct costs
Direct staff costs
Supwrt staff costs
Rent
Oihel support costs
16,289
6.335
18,428
500
16,289
6,335
18.428
500
79,304
79,304
120,856
120,856
Page 28

UNIVERsifY OF BRIGHTON STUDENTS UNION
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Costs of worklng wlth studonts
Restrictod Unrestrlcted
funds
funds
2025
2025
Total
funds
2025
Cafes and shops
Entertainment and events
Academic experience. advice and wellbeing
Campus and Community
Other student activities
Governan￿ costs
1.019,992
55.270
420.522
1.019,992
55,270
420,522
75,fy)0
801,338
137,315
75.000
801,338
137,315
75,000
2,434,437
2,509,437
RestriGted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Cafes and shops
Entertainment and events
Academ￿ experience, advice and wellbeing
Campus and community
Other 5tud8nl activities
Govemance costs
1,1)09,D93
60,836
41)0,014
1.009,093
60,836
400.014
75,000
767.366
132,835
75,000
767.366
132,835
75,000
2,370,144
2.445,144
Page 29

UNIVERsifY OF BRIGHTON STUDENTS UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Auditor5. remuneration
2025
2024
Fees payable lo the Company's auditor for the audit of the Company's
annual accounls
16,560
17.118
Fees payable to the Company'5 auditor in respect of..
Taxation compliance serVI￿S
805
750
10. Staff costs
Group
2025
Group
2024
Company
2025
Company
2024
Wages and salaries
Social sècurity costs
Cor.tribulion lo defined contribution pension
schemes
1,264,066
105,403
1.164,896
91,047
1.264.066
105,403
1,164,896
91,047
39,022
41.187
39.022
41,187
1,408,491
1,297,130
1,408,491
1,297,130
Of the total Wages and salaries, £250,17212024." £204,581) relales to Casual 51udenl staff employed by
the Group.
During the year, £40,82512024'. £Nill was paid in relalion lo lermination payments. This amount has been
included within Wages and salaries above No amounts were ou151anding at the year end in respect of
these.
Page 30

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA Company Ilmfted by guaranlo01
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
io. staff costs (continued)
The average number of persons employed by the Company during the year was as follows..
Group
2025
No.
Group
2024
No.
Cafe$ and shops
Enlertainmenls and events
Academi¢ experience. advice and wellbeing
Campus and community
offi￿ and management
Sabbatical Officers
Raising funds
Casual student stsff
11
11
65
58
95
90
The number of employees whose employee benefits lexduding employer pension costs) exceeded
£60,000 was..
Group
2025
No.
Group
2024
No.
In the band £80,001- £90,000
The total amoLtnt of employee benefits received by key management personnel for Iheir servi￿$ to the
¢harilable company during the year amounted to £198.27212024.' £186,673) and the charitable company
incurred employers, national insurance contribution costs of a further £23,52312024'. QO,5371 in relation
lo Ihe employment of these same members of staff.
11. Trustees. rgmunoration and •xpenses
During the year, the Sabbalical Trustees have been paid ￿n￿EneratiOn from an employment with the
Company. The value of Trustees, remuneration and other benèfits was as follows..
2025
O Dada
Remuneration
Pension conlribubons paid
Remuneration
P8nsion contributions paid
Remuneration
Remuneration
Pension contribub'ons paid
23.613
302
26,154
604
23,613
23.613
945
A Ononiba
O Atomon
F Emmanuel
Page 31

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
11. Trustees. remuneration and expenses (continued}
M Nana Kana
Remuneration
Pension contributions paid
Remuneration
Pension contributions paid
Remuneration
Pension conlributs.ons paid
1.306
52
N Spence
2,772
111
2,669
107
R Birch
During the year ended 31 July 2025, Sabbatical OffKer training costs lolalled £4,71212024.. £5,7521-
12. Tangible fixed assets
Group and Company
Fixtures and
fittings
Computer
equipment
Total
Cost or valuation
Al 1 August 2024
Additions
228,828
20,126
12.804
4,857
241,632
24.983
Al 31 July 2025
248,954
17661
266,615
Depreciation
Al 1 August 2024
Charge IOF the year
182,484
21.081
5,491
3,142
187.975
24.223
At 31 July 2025
203,565
8.633
212,198
Net book value
At 31 July 2025
45,389
9,028
54,417
Al 31 July 2024
46.344
7,313
53,657
Page 32

UNIVERsiff OF BRIGHTON STUDENfs UNION
IA company limited by guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
13. FIX￿ asset Invostm•nts
Investments
$ub6ldlary
¢ompanle¥
Company
Cost or valuation
At 1 August2024
At 31 July 2025
Prlnclpal subsldlarles
The following was a subsidiary undertaking of the Company..
Namè
Company
number
Reglst¢red offlce or prlnclpal Prlnclpal actlvlty
place of business
BSU Enterprise Limited
09242214
Cockcroft Builijing, Lewes Road, Provision of
Brighton. England, BN2 4GN
commerual 5eryi¢es
Class of
sharo$
Holdlng
Includod in
consolldatlon
Ordinary
100% Yes
The financial results of the subsidiary for the year were..
Nam•
Income Expendlture ProfiUILoss)
forthe year
Net assets
BSU Enterprise Limited
1.143.624
11,075,262)
68,382
20,609
14. Stocks
Group
2025
Group
2024
Company
2025
Company
2024
Finished goods and goods for resale
81,276
82.145
81,276
82,145
Page 33

UNIVERsrrY OF BRIGHTON STUDENTS UNION
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
15. Debtors
Group
2025
Gmup
2024
Company
2025
Company
2024
Due within one year
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
38,828
5,988
38,828
5,988
47,753
28,017
14,192
28.017
14.192
53.020
34,005
53,020
81.758
16. Creditors.. Amounts falling due within one year
GfOUP
2025
Group
2024
Company
2025
Cofflpariy
2024
Trade Creditors
Amounts owed lo group undertakings
Other laxalion and social security
Othei creditors
Clubs and soc¢eties funds
Accruals and deferred income
18.208
36,543
18,208
20,609
38,306
16,386
11,825
21,257
36.543
38,306
16,386
11,825
21.257
28,058
5,855
9,850
39.222
28,058
5,855
9,850
39.222
105,982
119,528
126,591
119,528
Amounts owed by group undertakings are interest free. unswured and repayable on demand.
Page 34

UNIVERsrrf OF BRIGHTON STUDENTS UNION
IA ¢ompany limlted by guaiantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
17. Statoment of fund8
Statement of funds- current year
Balance at 1
August 2024
Transfers
Inlout
Galnsl B•lanc• at
(Los8e8) 31 Juty 2025
Income Expenditure
Unr8strict8d
funds
Doslgnated
funds
Cèpital reserve
nd
Contingency
reserve fund
Development
reserve fund
SUSS pension
defiGit fund
53.657
124.2231
24,983
54.417
100.000
100.000
211,784
{23,459}
188,325
{1.289.597}
134.647
11,154,950)
1924,1561
124,2231
136,171
1812,208
General funds
GenerdS fund
2,639,244 {2.538,8141 1136,171)
35,741
Total
Unrestrlcted
funds
{924,156) 2,639,244 12,563,037)
35.741
{812,2081
Restricted
funds
Retention fvnd
75.000
(75,0001
Total of funds
1924.156) 2,714,244 12,638,037)
35,741
1812,2081
Page 35

UNIVERSITY OF BRIGHTON STUDENTS UNION
{A tompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
17. Statement of funds (continued)
Statemgnt of funds- prior year
Balance at
l August
2023
Transfe
in/out
Gain
Ba18nce al
(Losses) 37 July 2024
Income Expenditu
Unrestri¢ted
lunds
Designated
funds
Capital reserve
fund
Contingency
reserve fund
Development
reserve fund
SUSS pènsion
deficit fund
70,631
125,4041
8,430
53,657
100,000
100,000
164,374
47,410
211,784
11.277,1461
112,4511
11,289,597)
1942.1411
125.4041
43,389
1924,1561
General fund$
General fund
2,615,633 12,465,596)
143,3891
1106,6481
Total
Unrestricted
funds
1942.1411 2,615,633 12,491,000)
1106,6481
1924,1561
Restricted
funds
Retention fund
75.000
175.0001
Total of funds
1942,1411 2.690,633 12,566,000)
1106,6481
1924.1561
Page 36

UNIVERsifi OF BRIGHTON STUDENTS UNION
(A company limitsd by guaranteo
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
17. Statement of funds {contlnuedl
The Capital reserve ftjnd was sel up to separately idenlify the Charitable companls fixed assets that have
been purchased from the charitable company's own restricted funds. Transfer5 are made lo or from this
fvnd to cover movements on unrestricted fixed assets such as addits'ons, disposals and depreciation so
that the closing balan￿ on the fund represents the nel b)ok value to the unrestri¢ted fixed assets
involved.
The Contingency reserve fund was sel up to set aside an arnounl to cy)ver L¢nforeseen or emergency
expenditure. The amount carried foward in this fund 1$ reviewed annually by the trustees.
The balance of the general fvnd that is not used for any other purwses is transferred to the Development
reserve fund to be carried forward and used to further devebp the charitable activities of the Charitable
company.
The SUSS pension defictt fund was set up to separately identhfy the reseNes deficit arising from the need
to account for a provision in respect of additsonal SUSS employer pension contributions required to be
paid in future years by the charitsble company that are intended lo eliminate the ongoing and persislenl
deficit in the overall funding of the SUSS multi-employer defined benefit pension scheme.
Paqe 37

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA company limlted by guarant99)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
18. Summary of funds
Summary of funds - cuttent year
Balance at 1
August 2024
Transfers
inlout
Gainsl Balance at
(Losses) 31 July 2025
Income Expenditure
Designated
funds
General tunds
Restricted funds
(924,1561
124,2231
12,538.8141
175,0001
136,171
1136,1711
1812.2081
2,639,244
75,000
35,741
1924,1561 2,714,244 12,638,037)
35,741
1812,2081
Summary of funds- prioryear
Balance al
l Aug(Isl
2023
Translers
in/oiil
Gains/
8813nce at
(Losses) 37 July 2024
Income Expendil(Ire
Designated
funds
General funds
Restricted funds
1942.1411
125,4041
2,615,633 12.465,5961
75.000
175.0001
43,389
143,3891
1924,1 %)
1106,6481
1942,1411 2,690,633 12,566,000)
{106,6481
1924,156}
19. Analysis of net assets between funds
Analysis of net assets between funds- current year
Unreslricted
funds
2025
Total
funds
2025
Tangible fixed assets
Curienl assets
54,417
54,417
394,307
394,307
1105,982
1105,9821
11,154,950) 11,154,950)
Creditors within one year
Provisions for liabilities and charges
Tolal
1812,208} 1812,2081
Page 38

UNIVERSITY OF BRIGHTON STUDENfs UNION
(A company Ilmlted by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
19. Anatysis of net as50ts b•tw•on funds (continued)
Analy$Ss of net assgts bgtwe•n funds - prior year
Unreslrict6d
funds
2024
Total
fvnds
2024
Tangible fixed assets
Cuffent assets
Creditors due wthin one year
Provisions for liabilities and charges
53,657
53.657
431,312
431.312
1119,5281 (119.528)
11.289,S971 11.289,5971
Total
{924,1561 1924,1561
Recon¢lllatlon of net movement In funds to net cash flow from operating adivltles
Group
2026
Group
2024
Nel income for the year {as per Statement of Financial A¢lNiIEsl
76,207
124,633
Adjustments for:
Depreciation charge$
A¢tuarial gainslllossesl
Decreasellincrease) in S￿kS
Decreasellincreasel in deblo
Defftase in creditors
(Decreaseifincrease In provisions
24.223
35.741
25,404
(11X,6481
(171}
32,117
(2Q,4581
12.450
119,0141
113,5471
1134,647}
Net cash provlded byl{used Inl operatlng aetlvltle$
{30.1681
87,327
21. Analysis of cash and cash equfvalents
Group
2028
Group
2024
Cash in hand
260,011
315.162
Page 39

UNIVERSITY OF BRIGHTON STUDENTS UNION
{A cornpany limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
22. Anatysis of changes in net debt
At 1 August
2024 Cash flows
At 31 July
2025
Cash al bank and in hand
315,162
{55,151}
260,011
Page 40

UNIVERsiff OF BRIGHTON STUDENTS UNION
(A company Ilmited by guarant•¢}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
23. Penslon commltments
UBSU participates in the Students, Union Superannuation Scheme, which is a tjefined benefrt scheme
whose membership consists of employees of students. unions and related bodies throughout the country.
Benefrts in respect of service up to 30 September 2003 are a￿￿ed on a 'final salary. basis, with benefits
in respect of service from 1 October 2003 accruing on a Career Average Revalued Eamings (CARE}
basis. With effect from 30 September 2011 the Scheme dosed to fijlure acciual.
The S¢heme underwent an actuarial valuation as at 30 June 2022 and shows that the market value of the
Scheme's assets was £106.7m with these assets representing 44'h of the value of benefits that had
accrued to members after allowing for expected fytu￿ increases in earnings. The defictt on an ongoing
funding basis amounted to £136.6m.
The assumptions which have the most significant effect upon Ihe results of the Valuation are those
relating to the rate of retrjm on investments and the rates of increase in salaries and pensions.
The following assumpb'ons were applied at 30 June 2022..
The investment retum would be 4.0% per annum before retirement and 2.0% p8r annum after
retirement.
Pensions acuuing on the CARE basis would revalue at 3.6% per annum.
Present and fLrture pensions would increase at rates specLfj¢ by Scheme rules wlh appropnate
assumpts'ons where these are dependent on inflation.
The 2022 Valuation rewmmended a monthly contfibution requirement by each Participat5ng Employer
express in monetary term5 intended to clear the ongoing funding defiul. EmployeT contributions were
in￿aSed by 50h from 1 October 2023. Contributions will increase by a further 5% each year thereafter
unb'l the end of the deficit recovery period, which is expected lo be in May 2037.
Surpluses or defiuts which arise al future valuations will also impact on UBSU'S future contribution
commitment. In add￿On to the above contributions. UBSU also pays its share of the Scheme's levy lo the
Pension Protection Fund.
FRS 102 and Charities SORP IFRS102) requires the charitable companls share of past service shortfall
is reffected in the financial statements. Based on the most recent valuab'on, the charitable company
contribullon to eliminating the shortfall was £98,907 for the year ended 31 July 202512024.. £94,197) The
statement of financial position as at 31 July 2025 includes a liability of £1,154,950 12024.. £1,289,597)
which represents the net present value of all future contribuli)ns towards eliminating this shortfall for
which a discount rate of 5.33%12024.. 4.13%) has been applied.
Unre8tri¢ted
fund¥
2025
Total
funds
202S
Opening defined benefit obligation
Contributions towards the defi¢it
Revaluation of pension deficit
1,289.597
198,9Cel
(35,7411
1,289,597
198,906)
{35.741)
Closlng deflnod b6neflt obllgatlon
1,154.950
1,154,950
Page 41

UNIVERSITY OF BRIGHTON STUDENTS UNION
IA Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Unrestricted
funds
2024
Total
lunds
2024
Opening defined benefit obligation
Contributions towards the defial
Revaluation of pension deficit
1,277.146
194,1971
106,648
1,277,146
194,1971
106,648
Clowng defined benefit obligation
1.289,597
1.289,597
24. Related party transaetlons
Dunng the year, the chantable company tjndertook various transactions on behalf of its trading
subsidiary, BSU Enlerpnse Limited, 3 company incorporated in England and Wales (Company
Tegistrat￿n number 0924?2141 Al the balance sheet dale. £20,60912024. £47,753) was owed lo12024'.
by) BSU Enterprise Limited. The subsidiary will recognise a Gift Aid donation in the next financial year ol
£20,607.
The Union is in receipt of a recurrent grant from the University 01 £1,149,99612024.' £1.149 9961 during
the year ended 31 July 2025. The University also donated the use of University premises with a
considered value of £302,451 12024.. £291,380) This is recognised within Facilities in Kind income.
There We￿ no other related paty transactions during the year.
Page 42