2024-07-31-accounts

Trustees, Report & Financial Statement // Year End 31st July 2024 I YOUR STUDENTS. UNION Keele su

Keele University Students. Union N￿￿ost￿under Lyff*. Stafcrfdshire. STS 58 T..01782 7337(Ql W. Published N0vemt￿r 2024

CONTENTS // Trustees. ReP(￿t................ .01-02 WISiOn. Mission. Values . Activities AchlevFngObjedives . .. 05-08 hievements & Performance .... . 09~22 Financial Review ... .. .23-24 Structwe, Gryerfia4Ke and ManageffWIt... .25-26 Plans for Future pef iods .--.-. . 27-28 stateft￿nt of Trustees Respwbilitles,...-... ..29-30 Refere￿e and administrative detai15 of the charity. its tnstees & adviser5.-...... .31-32 Flnanclal Appendix .........-. Charity 8a14rtt￿ ¢oth¢ FinaKLIl Statorn¢nES Keele su

THE TRUSTEES, REPORT// 101 rnMEES REP￿A￿AN14UALSIAT£ME￿TmyEAREN0j￿Ly

The Trustees present their annual report together with the audited financial statements of the charity for the year 1st Au8USt 2023 to 31st July 2024. Policies and objectives Keele SU'S objects are the advancement of education of students 31 Keele University, for the rAJblic benefit. by. Strategies for achieving objectives. In pursuin8 our aims and objectives and providing a variety of opportunitie5 fnr our members. Keele Univefslty Student5. Union (Kcele SUI alw&/s seeks to: Promotin8 the inierest5 and welf3re ot students at Keele University dL'rin8 their cwrse of study and representin& supoortin& and advising students. Insu￿ that t￿ diversity of its beneficial membership ks recognised by members. a*J that equal access is availab5e to all members of wh3tever origin or orientation, Beiftg the recognised representative channel between stLKlents and Keele University. arKJ other Èxternal bodie I￿rsue Its aims 0￿:e(lIveS indeperKlent of any w.'ItiC31 party or religious grthi Providing soctal, sporting. and cultural activities and forums for discussions and debates for the personal developirent of the Student Eoual opportunities by t3kin8 ryJsitive 3Ction wtthin the law to f3Cilit3te participatifffl of groups dixriminated against by society. Keele SU has a rollfft8 Studeni f&ing Strategic Plan wh+ch is updated annually to ensure that it 15 current ar(1 relevant. Within that plan we outlineour vislon. mission, and values. TWJ51Ef¥l£PC4IT Ald)AI•KIAiSYATEM£NTii i£AA iTr4Q JLtLY 3)24 102

Ourvision // Empower every student to be who they want to be and make a diFFerence to the world. Our Mission // Throu8h the delivery of our quality support. activity, representation, entertainment and value for rnoney Services. we will ensure that our students feel part of a community which is inclusive. where they can grow in confidence ar)d simply be student5, •• li

Ourvalues // SUPPORTIVE We will support yoii through your entire student journey. both throu8h the good times and not SO good tiffEs. FRIENDLY We will makeyou feel welcome when engaging with us and ensure we are approachable. Whether you enga8e with us every day or once a year, we will be there. CREATIVE We want you to ￿ creative. inspired to try new thlngs with us and becomewho you want to be. We also want our staff to be creative, trialing latest ideas to ensure we can keep up to date with what you need. PLrrriNG sfuDENTS' FIRsr It gOeswith￿t sayin& we're 3 Students. Union. we exist because of you, we'll change and flex as you need us to so we can stay relevant to YO￿ .

Elected Officers 2023 -2024

Activities for Achieving Objectives in Advancement of the Public Benefit // Keele SU wovldesa varlety of services actlvltle& 'rT:

Student Life Representation and Campaigning Advice & Support at Keele SU (ASK) We provide proactive arKI responsive suptvyt. advice and 8Uidance to Keele students. We help with ac&lemic complaints. procedures aT*I Questions of condJct. tK)Usin8 advice. ano advice for international Students. We suoptsrt many sttJdents with complex needs such as mental ill health or dOll￿st1£ violence. Our Elected Off Icers represent the entirety of the Keele student c(Nmmunity. a{￿ V￿rk to rai4e issues imJ3Cting student life at Keele directly to University management and other wple and or8anis3tions as the needs requi￿. Student Academic Representation We recruiL elect. tr3ifL SiJPly)rt and facilitate the Student Voice Retyesentation scheme. in partnershipwith Keele University. This Is to ensure h18h Quality feedback opwrtinities for students in tneir course )Cttings so effective change to issue5 and 0gwrtLinities can t)e affected 35 swn 3S PQ55ible arKI In the interests of $lL￿entS and Keele University. Student Activities We suooort the est3biiShmenL maintenance ala facilitat.ion Oi Student community 8roups. societie5. and net￿OrkS so studen is may Commune. learn. and soci31ise ar￿nd their shared interests. Competitive Sport We,, acilitate the proviston of competitive soort at Kemle University thro•Jgh the provision of an athletic unii)n. ThroLi8h that forum we suprort and represent swrts teams. their leaders. and tèleir members to engage wtth hea,'thy. active lifestyles via S￿rtIng opFortunities. PT loi IG? T￿￿51¢E>R$pC￿AxoAplI￿￿ S¥AfEMÉp4YII VEAREHO JULY IQ24

Volunteering The Hub We link Student volunteers with appropriate and relevant volunteerin8 placement opportulities within the University cofflfflunity 3fKI in the local and wlder community. We accredit and certificate volunteering hours undertaken and support volunteers to articul3te the value of their c¢)ntribution both for rhe communities irn￿ted and themselves as contf IbJtOf& The Hub is a valuable space with multiple functions. acting a5 1)ur reception ai)d 8eneral enquire5 cent. The Hub offers space for relaxing. studying or gamin& and sells Keele branded IT￿[char￿lIse. Catering Keele SU offers a varied catrering lunch time and night club offer. including grab and 80 convenient prcKJucts through 10 sit down meals. Venues & Entertainment We provide venl￿5 for extra.curricular )cialisin8 and entertainmenL with a ran8e of bars and venues to offer 3 vaf led programme of activity. day. arKI nighL Print House Keele Print House provides 3 valuable sourceof pr1ntir&geA￿rt15e and capability for siudents, ￿rsonal and academic rp)ses. be it dissertation printing arKJ binding or prosect work. It 31so Qfovides a valuable printin8 service for the wider Keele community. Retail We operate 3 franchise of the Co.Op. offering a diverse afid Wide selection of 8roceries on campu5 for students and the wider Keele Communtsty. Welc4)me to KeelEL17fy""~: 18usTKs" o£paAT ANDANNUALSTATEMENYl/YE￿ 10&

TJ

Achievements & Performance // Key Financial performance Indicators The net 1Th)ve￿t of fvnds reported for July 2024 is a surplus of £194.41212023: £249,697 deficit). Net Current liabilltles were £323.325 (2023: £593505). The cash holdln8 is £199045 (2023 £49290). @S Review of Union Activities In the heartof Keele camws, by the F￿est of Li8ht the Students, Union ￿ik11n8 is a central place FYovidin8 a wide rangeof 5eThlces to support students. Whett*r day, evening or ni8ht.timewe fyovide aye for students t0S￿la11se. study, atteTrJ eventsor han8ouL Amidst a financially challen8ing period for students universities aNI Keele Students, Unim. we have made a significant w)sitive impact in deliverln8 charitable, objectives f(x student&

EYOURSAY. 11 RSITY If¢ 47 IE *0 li KNEYouRSArf.

OHave Your Say Day Networks L3unched in Mav, 'H3ve Your Say Day, replaced Union General Meetings (UG:Ms) to Improve engagement from studenis with officers. The airn BS to hold four suth events annual Iv. 311owing students to directly provid&i !eedba£K and hold offKers 3ccountab:'e . creating a more accessible platform for en838emenL This was the second year of Student Networks. witb. ￿￿MberShIp up just over 23% to 338 engaged member& We s Student Networks ut iisin8 Social media re 10 increase en8agement with their members t￿ sharing educational content during national awareness C3mpaign5 Or, lobbying the university for c43nge. The Disability Network Lead loblyed Keele University to install an accessible door in Chapter's Caie. and The LG8TQ+ championed the Progress Pride Flag Staircase. Our StLKlent Networks also hekl social e￿Ents vthere members could take part in crafts or watch films. We 3150 saw Stuttent 14ehvorks cdlaborating with Keele University departments to put on events celebratin8 diverse communities of i(ee!e. Oofficer Campaigns This year 53w several major campaign W3rmerWirrter'. SHAG Week.. arKI a neurodiversity initiative Additionally, the 7-day assesS￿nt deadline cap was rerrK)ved for Di53bility. Supo¥)rt & Indusion ID.S I.) student& and a new men's mental health camoaisn was launched. É40? JOIN OUR STUDENT NETWORKS// I" LGBT+ STUDENT NETWORK WOMEN'S STUDENT NETWORK Ostudentvoice Representatives We received an impressive 350 appfications tor Student Voice Representatives, om which we successfully apty)inted. trained, and are ￿rrentlY suprorting 310 representatives. Additionally. we saw 40 applications for Lead Voice Represent3ti resultin8 in the apFyJintment. training. and ongoing 5UPIX)f t of 18 lexl voice fepresent3tives across 16 School& STUDENT NETWORK BAME STUDFty' NETV OISABLED STUDENT NETWORK MA &c: STUDENT TAUSTEEFAkPIXT AIIDA14UAL 51AY£MEMT li YLAR END JULY ￿ IOIZ

Elections Keele SU'S 2024 plpctions saw a Dter turnout nf 2,093 studenis (13.l%of t- ai StuGeiitS Of 20_3% of FfE studentsl 3 Si8llificant incre3se froni 1,519 in 202J. However, candida'Le n4Jnbers slightly declineo. with 12 candidates for f￿r ofrficer oositiofts. d(Mn from IS in 2023. Desoite a reductithl in roles. the average number of candidates pef k￿ltion increased. A strong emthas6 on irKentives. such as scratch cards and a wwlar branded condom give'away. hel￿ drive er4gagement. With 163 votes c3St at the Elections Cab,:n in Just two h￿lf5 on oneevenin& This in-person vofing hub proved essenti31. with l in 7 wJtes casi there. Additi¢xally, 2￿ votes came through mob(le devices using QR codes. showin8 3 rise in web-ba5ed votin& Targeie(l emails to specific stLK1ent group particularly aff Ili3ted with soc'eties or course5, significantly toosted voter.turnouL This tall0￿d approach yielded better results than mass emails. Suggesting a need for more personalised outreach in future elvtion> Divefsi among candidates Increased. with more candi¢aies From 813 Asian. and Minority Ethnic backgfourvJ5 (BA M.E) (25% in 2024 vs. 13% in 2G£3) 25YI CIMDIDATE DIVERSITY Candldates with disabled backgrounds rose to 42% in 2024. The number of vjomen candidates133% in 2023) slightly dropped to 25% this vear. Notably. tkre were also International and distance iearnins candidates. exp3ndin8 representatlon. No ￿￿Oid3[e5 from ethnic minority gr￿p5 were elected. desoite tki irKreasein BA.M.E. candidates. KEELE SU ELECTIONS WIIO WILL LEAD I'OUR UNION, K••l•SU.comlEl•¢liMS O QIK••l•SU @K••l•SU O JsK••l•Stud••tsUnl

Ostudent Activities We t￿lIt on success of the previ(x atthis￿with 393 n￿ninatIonS f(￿e year and saw an increase in student for awards. This e￿lIent enga8ement in en8a8ement with our societies and Athletic nominations represents 3 44% incr&ase on Union sportsc{U￿ 3.374 students are a nominationsfrom the previous year. of a soclety, and 1.453 students are a mernknofan Athletic Unlon sp¢xts dub. Our activities team hosted a diverse number of free events for students to attend. Highlights I￿luded birds of prey enc(xmters a g￿t walk ￿ Keele Hall, Christmascrafts aThl numer(Ats free film showing& We recelved £IO,C(K) in fundingto help students in financial hardship to particlpate in activitie& We aw¥ded 107 Athletlc Unlon Memberships 56 Club specific memknhips and 10 fvll society rnembershi￿ In total, 143 students In our anNal Varslty Sp￿tsC0Mpet1tioTr directly beneffted from this fvnd. a8ainstStaffordshlre University,Team . Keele took h¢Th the trophy with ￿ overall We launched our StLhknt Leader5 tralnin8 eof 12 p￿ts to 5. Mary ofour team5 ogramme- a suite of training sessions achieved Sp￿rtIngs￿CeSS this year wlth providin8 personal and professional fwr of cw teaff6 coming topof their BUCS development to Stthtvolunteers These lea8ue& Thesewere Men'svolleyball, seven hwr long sessions were written in Men's Crfcket 1st Team. Women's Netball partnership with'support Staffordshire, 1st team and Men's Football tstTeaffl. arxl covered a variety of tOPiC5 suth We also provide camws and comnxmlty as equality and diversity aNI project volunteerin8 Opportunities for students mana8emenL Combi￿1 with ¢)uronline Last year 192 students1088ed 10,358 training offered for committee members volunteer hour& and Student Voice Representstive& studentscompleted over s￿ training 150 students attended the Society Award& 12 awards werewen out arKI we received 167 norninations for these awards. Nomlnations sawa 60% increase from last year. attendartce overall has irKreased approximately 65% frwi last year. (J Athletic Unlon Award5 were attended by 280 students 14 avRrds were 8iven (yJt 65% INCREASE IN A￿ENDANCE TO soaETY AWARDS I￿￿￿￿￿1￿11￿NI￿5IATf1I￿4T A YEAftENQWLYX)24 1014,:

OAdvice & Support Supkx)rtin8 students is at the heart of what we do. It 15 one of our valLJes 35 an organisation. therelore do our utmost to s.Jpoort fJJr students hoivever we can, One of the key ways we do this IS through Advice a￿￿ Support a; Keele SU IASIO. ASK is a free and confidential serqice that IS independent from the University and is Staffed by professional and experienced advisers trained to provide advice and supwrt to siudents. ASK provide5 advice on a wide range of queries including Keele University student processes including complaint% aC3demiC appeals. academic misconduct. discipline fiine55 to practise. ASK also supwts studen:s With social we113re law aieas including money, housin& corwmer aid employment rights queries. The higher eclL)cation landscape shifts quickly 3nd ￿'e look co respond to new challenges to ensure stbcents remain SUp￿rted. We Oo this thr￿Jgh a culminatit)n of maintaining an up-to-daLe website. sh:,n8 Out proattive information through C￿ %)cial media channels and enga81 With the wider sector to communicate the student voice such as the Off ice of the Independent Ad}udicator (O.IA.l and coliea8ues frwi ottrer Students. Unions. In addition to empowering individual students wilh knowledge of their rights and fesponsibil ities to solve their obvn oroblems. ASK collect5 data on the experiences of Sludent Issues that are commonly or deeplv felt ty stb'dei)tS inourcommunity. ASK r>rks with our elected officers. and Wider team. to lobty Keele Universitv and third parttes for change to resolve those Issues at their core and prevent future students from haw'ng LO n&ii8ate those same issues. 1292 In the 22Q4 academic year ASK sut)ported O ADVICE O stL￿ent$w1th 1.292 CASES cases with academic apt*31s and %ademiC misconduct being Ihe most potyJlar querjes. including 49 cases of misconduct In￿lIVIng artificial intelligence. Many of the 4(y)+ academic appeal cases ASK thised on in 23124 are submitted on the 8rounds of previously undiscIL)5ed ment31 health issues arKI this is an are3 we will look to work on in the 24/2 5 academic year. The Keele SU 2024 Housill8 Fair had an ex￿lIent turnout of over 6(YJ 5ludents but did see 3 reduction in the number ot landlofds attendin& The reduction is ref lective of changes in ltr￿ Ioc31 housing market and the abolition tsf the IcKal thority run accreditation scheme. ASK will support students to respond to ttr.,e mTrEnt'S 5i8nificant h￿SIng reform in the 24125 academic year and the imoacl th¢S may have on their POSitiOll> 600. OUSING FAIR ATTENDEES 1915 TIII57£ES'ftE•￿ AKIApit4U•XSYATÉMEWT EPQ 20

ASK routinely requests feedback from • Students who use our service as part of our efforts to continuously improve our offer. We have received excellent feedback with 98% of students saying they would recommend the service to other students. One of the students whoused ASK said.. 66 They are absolutely amazing. They are the only people who understood and empathised with my case. IWWIIlP¢XT*%OAPQWISTAT¥h￿rt￿ YEAR£NO KiY20241014

We l)osted night-time events with over 64,000 attendees across the year. attracting a wide range of acts and artists to suit all tsste& Jr

@f Entertainment, Commercial & Retail We were Successful in attracting more external live Shows and sellingout Ihe venue when 3rtiSI% like Two t)cor Cinema Club. Jake Bug& DMAS. and Lathums visited We impleinented a new staff ing structure dufiftg the year. wth permanent vacar(ies nct replaced and rEw roles for studeiii 51aff allowing them to increase their skill set witri multi.sk"Iled roles reo'acing bar and ste4varding ieam ,"oles. This 311ov4ed student staff more flexibility to takp acoitiofkil shifts whi 1st also retaining a pattY•N3V for staft to develop into team leader role& We reviewed the range we offered over the bar. DURINGTHEYEARWESOLD: 0 47,000 VODKASHOTS O OF SALES ALCOHOL FREE Albeit 3 challengin8 pericd of time for tFie nisht. t ime eCOr￿m¥ we balanced the offer for students with external hirin8of the venue, Increased collaboration With the university has seen summer schools utilising the space and VIE rolled out tf£ red carpet for (yjr first school prom. 50,000 JUNGFRAU BOMBS 5,000 PITCHERS THE QUANTITY OF PINTS PURCHASEDWERE 26TIMES HIGHER THAN HALF PINT SALES TWSTIES I1£1￿ Ap￿￿1#￿￿5TA7v￿£N111 yWLKJJ￿y X)24 IQI•

Another Successful Year at Co-op This wa5 the third year of runnin8 ￿r Cl￿0 fr3nchise. We saw another successful year with increased engagement and a ￿d￿ctIon of the established siaff tean ￿lch has helped to reduce labour costs, We had numerous visits from the Co-op frarthise team to showc3se the hi8h standards upheld by our franchise to future prospective frarlchisees. All quarterly aud its have been pas& the most recent being 94% and positive feedbacL Wcsoid 65.12? meal deals total135t Year w"ch sees a 8reat increase on last year. Total memlxrshios sold in store were 805. co.op memberships. enable students to use v3rious discotsnis offers which help with the cost of liv,ng challenges thev fac& Welcoiiie to Keele University Students, Union's Co-op •L

O Comfort Food is a Big Hit Our caterin8 team Iwl a formidable year as inflatonary pressu impacted on prof itability. Despite that the team worked hard with curly fries. chicken nu8geis. arKI fries bein8 the top sellers. thts shows that comfort food is 31w3ys a hiL especi311y during night-tiff event% By collaboratin8wiih Keele Universityour f3cilities have been used to Sup[￿ with summer school ￿ents. We have also calered for special occasions such as awards aThJ 3 sch￿1 prom which alded variety to our offer. Footfall 10 the Keele SU has been strong during the d￿. with the 8round floor. The Hub The Squirrel Bar & Kitchen romjlar places for students to eat. meet. stLth and catch up. We attracted a variety of st3115 to our wleekly market 3rKI have hosted regular visits from external suppliers wk*J offer vinta8e clothing plants, fK>5ters arnl sy)rts snirts. Merchandise sales were strong with over 2.(XK) units sold and with 1.7ry) lanyard $35es, Graduation is a highlight of the year for st3ff and students which 2 50 8r3duates leave Wjth a commemorative graduate LEar. ,()

, Supporting Behind the Scenes 8eing able 10 offer all these xtivities arNd services to students require5 3 significant amount of work t)eh.,p,d the scenes In order to do that. we ern0￿y 59 career staff and 116 student st3f4 Regarding Oijr stuoent staff. we 3re prwd that throu8h the work they carried we were able to put over £2￿.0￿> fft their rKJckets via Iheir wages. We a83tn took part in the anThJal staff su￿ty, which is run by an external organisation. allowin.8 US to benchmark against other third sector companies. A kev qucstion is fof staff :s wtr￿ther they "would reCOmfY￿7C leele SU as a 8000 place to vK)rk-. this has nc>w increased to 83% and we continLie to aim to consistently achieve a minimum of 90% in this in future years. •83%. cityatvAyk" SATISFACTION Other stand outs from the survey are: ',N of <Laff a-: e u."oJd tc tcll '-eoH e Lk.at Lhey work lor this or8anisation", up 8% from lasi year. .1 receive support and encouragement from colleagues at rk. and "I wo(Jld willingly put in ￿tra effort in order to help the orsanisotion" both Increaseo 14% on :ne ar ior year to 94yo satisfaction: •90%. tEELE5 We continue to 5c¢ye hi8hly in area5 where staff are able to flexibty and in a way that suits both them. and the organisation; for example "l am able 4OVvork flexibly whey appropriate- is 93% satisfaction. up 2% on the previous ye3r. •Yc¥t toh Our stLKlent st3ff survey had 43 res￿￿se5 with oeoole. management and making friends are huge oositives for. student staff. Diversity is also hugely imkX)rtaot to us as an or83nisatiOlI SO it was pleasin8 to see mary staff felt incl{￿ed 3fKI fepresented in diverse groups. 950/ SATISFAcno 1fr21 TrUS7E(S' KPCXT A￿AN￿l￿STA7£￿ID1r Mv))

Extra projects this year included: Work on hofiday pay afKI trrf)w il is calculated given the change in the law. as It has changed again for the secorxl year runnin& Liaisin8 With cO￿p because they rerrrf)ved themselves from N).U.S. and now take direct payThent5, saving Lbs the annual N.US, fee. Assisted with restructure and [￿nSultation Process during the summer. New Trust ID system for on boarding Slijdent staff as p3rt of Staff SavNy Engagement Our Projects& Engagement team has a successful year: geitirE inforn￿tIon out ur members is a vit31 behirKI-the-scenes ivily, necessary to tell our members what we are doiw Thisyear saw an increased en8agement on our fnain s(xial [r￿dIa platform5 Wlth alfYK)St 3 millwi impressions acfOSS our Insta8ram pJsts. reels and storin5 TikTok continues to grow with almost 100.CKX) view5 in one year. Thss team have been working c105ely wit student 5t3ff to ensure that wr content is alwavs Current and relevant, There was continued to Invest in branded equipment vthich can be used across the organisation. ensuring a professional aTrJ cohe%ve brand presence. IR Nioi su

Financial Review// PGoing Concern Following a difficult few years reflectiryd the lasting impact of the paTrJemic and inflationary kyessures on tx)th the SU and its member& during the xalemic year 2023124 Ihe Trustee Board arKI Senior Leadership Team urxjertcok a re4iew of the fin3FKes of the Students. Union arnl the services offered with a view to ensurin8 the financial sustainability of the Students. Union and to protect the core service5 I￿St .11m￿ant to member The Students, Union also urxjertook discussions with University over t ongoing level of firkincial supFK)rt from t University in the form of the annual Block Grant arKI other orE-off grants and lo￿$. The Board of Trustees believes that these difficult measures will provide a sustainable fin3ncf31 base on which to operate the Students, Union in cOnjUr￿tion with the ongoin8 SUPPXt of tl Universily. The Charity has net current liabilitie5 of £47.393 arKI net liabilities of £1.384.834 after long-term credit4y& The net liabilities,: are the long-term liakn.lity relating to tl recognition under Ch¥ities S.O.R.P. (FRS 102) of the rt present Value of the furKJing deficit on the S.U.SS. (StiKlents unl￿ ￿￿annuatiOn Sc￿n￿) pension:" recovery plan. The latter is a long-term commitment vthich has increased in time aThJ Thmdue to etxj in 2037 afid the trustees are confident that annual payments towards this plan will ￿￿t ¢yJt of income each year. As a result of this worl Students. Union had the diff icult task of restructuring its services in order to make savirEs in empbyment costs, which led to consultationswith ￿ redUTrYa￿ ies of a numter of collea8ues at all levels of the StLKJents' UniorL The University agreed to provide a one off thlitional grant p&ffjient of £267.489 during the year relating to fu￿lIng SUWt required during the parKlemic. Going forward. t Trustee Board has agreed as a principle that wherever practical core furKlin8 SIM￿ld match the annual block grant received from the UnikErsity. Separate to this the trustees have reasonable expectation that the charity has *quate res(￿rceS to continue in orerational existence for the near future. For this reason. they contIrL￿ to adopt the going corKern basis in weparing the fin¥Kial statenEnts. FUrtfr￿f details re8arding the adoption of the goin8 C(￿cern basis c3n be fourKJ in the Accounting Poliaes.

PPrincipal Funding Keele SU continLVo to b￿efit from the SLwport of Keele University. with total 8rarits and donations totalling £1.479.189 irKludin8 a [￿tIOnal rent donaticm of £701,749. Additionally. Keele SU 8enerates irK(Mr£ .: by meansof primary wrp)se tradin& with a wirtfolio including bars caterirg retail. marketin& print services. trans￿rt hire aThY enterta1nn￿nt. generating irfome of £3.906.451. Clubs s¢xieties generate Incon￿ by membership fees. activity subsidies and other fundr3isin8 activities a￿1 earned income of £389.944. which is maintained in restricted funds for the wrrM)ses of tlxise clubs and societies. . 1 5 ￿ &pofiT ANDAP4NiIALS7ATU•￿ 11 I'LA Y. l.'lJJdLI' .

Constitution Keele SU is a Charitable Incorwrated Or8anisation, registered %vith the Chai ity Commission I￿. 11733281. Tf* Consritution IS the governing docuff￿nt of the charity and. provides the frarrework for the governan d coerations of t he charity. Structure. Governance & Management // Method of Appointment of Trustees The mahagement of the charity IS the restjonsibility of the trustees. who are ¥PQinted or elected under the terms tlined in the Constitution. 1£4 Policies Adopted for the Induction & Training of Trustees Trustees commit to an annual round of trairling ensure awaren.ess of the dur les and obligations of tru5teeshiP. Training is delivered byqualified exlemal consultant5 who soecialise in studv¢ts' unions arKf Charl￿ 8overnance and mana8ernenL Pay Policy for Senior Staff Th￿ students un-on has an annu31 review of our salary pty so1￿ hourty rates of pay. The135t Pav and reward reVIe￿ was carried out in 2022 3nd this was followed wilh an infl4ationary uplift in Augusc 2023 and a subsequent increase in April 2024 due to the increase in National Living Wag

Organisational Structure & Decision making The trustee5 are reskYy￿Itsle for the strategic direction, governance. arKI susiainability of the charity, The board of trustees is Com￿lSe￿ of four officer tfustees, four extern31 lay trustees and three student trustees (a student trustee vacancy occurred durin8 the year>. Durin8 the year. Ihe beneficial mem.t￿(S h￿the opFortunity to bring forward )liCV ￿.?tIOnS to the student council andlor union general mcetings, at whith students may dixuss. debate, and decide UkX)ri stiident-led wlicy to steer the V￿rk andlor corrorate positioning of Keele SU. Trustees retain a right ot veto over any iicy decisions to assure the legal, strategic, reputalional. and flnancial sustainability and integrity of the ciiarity. Officer trustees are elected by a secret ballot of Ihe beneficial Mernt￿ship. serve for one full year, and may be re-elected for a m3ximiim second year. The four external lay trustees are recruited bv +he aplM)intrF￿ts committee for their skills and exwiefKe. with their aprK)intment ratified by the board of trustee5. External lay trustees serve four- year terms 3fKJ be re-3p￿linted for a maximum second term. Stl￿ent trustees are recruited by the 30pointments committee for their skills and eX￿rIenCe. with their apkK)intment ratified by student counciL Studeni TriJste•s are apt)ointtd for two year terms and rr.ay be re-appjinted for as many terms as they remain eliw'ble a5 3 student ber)efiCial member. The trLkstees de4e83te certain 0￿rational author ities to the chief exeojtive and le￿lership team. who In turn de¥e83te orr4vards throughout the st3ffing structure as appropriate for effect>ve fultilmep.i of the trusrees m3ndate. The leadersh'p team are considered the key m3na8ement personnel of charity. beyond the truSLees, 3rKI ha¥e each signed an eligibility declaration as ￿TsOnS of y8nific3ni cont", ol. Le￿£￿5 of delegation arelaid (xjt In a scheme of delegated aut￿￿ritY. Risk Management A risk wister is preseii ted to the lJ)ard of trusiees at Intervals thr0ugtr￿t the year. This is 3 live document managed tiy the le&Yership team. The trustees have asse55ed the risks towhich the charity is exposed. in Particular ttrw relating to the operations and finances of the charity. and are Satisfied that systems. plans. supp)rt. and procedures are in place to mitl8ate exposure to the major risks. U￿n commencernenL 311 trustees are provided with induction m3terial& 8uidarKe, and support, The trustees. cycle of business include5 an annual training day for trustees. whicn ordinarily 15 extcrn3lly faci5itated by 3 sector £xoErt to ensure optimal kn¢Mledge. competence. and teamwork Keele SU aims to be student-led a￿1 is resrA)nsive to Ihe needs and interests Df students,operating in core principle5 of detrbxr3Cy. TAUSTUS REp￿T l40ANNu￿$[ATEMtulMvE￿R￿No PAY3K4 IIJ26

Plans For Future Periods // C, Future Developments During the 2024-25 academic year. we will be developin8 a rsew lon8er Strategic plan that maintains the sustainable financial model In place fLY the futureof Keelesu. We will t￿ Wof king With Keele Llniversitv on sustainable fuf￿1n8 suprlirt for Keele SU. its campus devetopment 013ns &gnd how this can ¥YJSitively impact Keele SU. and howwe serve our members over ilie comin8 years. CL; Funds Held as Custodian Keele SU holds tunds raised for L)ther ch3fities 3nd org3nisatioris. predominantly the Rai5%ng and Giving (RAG.) Act(Vlties of £>ur student clubs and societies. The monies raised at the year end had been pa￿ over to ch3ritie$. IW7 KfELE SU IPIWCT l¢>mOITthK$nlOIN7S

Disclosure of Information to Auditors Each of the persons who are Trustees at the time when this Trustees. Report is approved has confirmed that: so far as rhat Trustee 5S aware. there is na relerfant audit infonrgtion of which the charitable group's auditors are una¥v¥e. arxl . that T.. ustee has taken all the steps that QU8ht to ha￿ been tak64n as a Trustee in order to be aware of any rthant ￿dit inftxmation arKI to establish that the charitable 8roup's auditors are aware of that Inform3tiorL Auditors The auditor& Dains Audit Limited, have irKJicated their willin8ness to continue in off ice. The designated trustees will propose motson rea?￿Intin8 the auditors at a meeting of the trustees. ApprO￿d by order of the member5 of the tYJ3fd of trustees arKI signed on their behalf bY. )ph¥e Borman Trustee Date. IL /QS /2S

Statement oFTrustees Responsibilities For the Year Ended 31 July 2024 //

The Trustees are responsible for prepari the Trustees, Rep)rt and the financial Statements In aCCordar￿e with applicable law and United Kingdom accounting standards (United Kingdom 8ener311y ccepted accounting prxtice). The law 3ppIic3bie to chaf ities in England & ￿vale5 requires the trustees to prepare financi31 staternents for each financial year wF)sch give a true and faif wtsvof the slate of affairs of the group and the charity and of their irKoming resources and appl ication of resources. including their irKome and exoenditure. for that period. In preparin8 these financial staiements. the trustees are required to: Select suitable accountin8 policies and then apply thtm consistently. Observe the meth<xls and prifKiples of the Charities S,O.RP (FRS 102). Make Judgments and accounting estimates that are reasonable and QfudenL State whethef applicable U.K. attounting standards IFRS 102) have been follo￿ed. subjcct tro any maieri31 departures disclosed and exolained in the financ￿4 statements Prepare the tinanci31 statenwits on the going concern basis unless It is irwwopriate to presume th3t the group will continue in busine5 The Trustees are r*sp)nsible for keek)ing 3deouate accounting records that are sufficient to show arKI exp ain the gr(yup and ttre charity's transactionsaTrJ disclose w.th reasonable accuracy at any time the financial )sition of the gfOUP and the ch3rity and enable them to ensure that the f inarjcial statements comply with the charities act 2011. the charity (accounts and rerorts) regulations 2￿8 and ttrE provisions of the trust deed. Tlw are also restx)nsible for safe8U3rding the assets of tne and the charity and hence for taking reasonable steps ror the prevention and detection of fraud and oltr￿r irregularitie5. Appro￿d lty order of the rr￿Inbers of the tx)3rd of Trustees and signed on Its behalf Sophie Borman Trustee Datf. I

Reference and administrative details of the charity, its trustees and advisers For the year ended 31stJuly 2024 // 1•4

Trustees Jade Cioffi Ireswd )￿￿3} Maisie Glock (re￿￿*d 1411A023) Sam Hacknty i(e4rnl x¥&r2023J Andrew Harris ICh•lrl Valerie Newman Prof Marilyn Andrews Georgia Souter Slmon Rutter Abdelrtwnan Rayis Iy>nt•d 141121202• Tom RobirÈson1¥oi￿￿ ￿120231 Sophie Bwmaft ¢•AWnted In12024) Matthew Kefnp in120241 Zoe Garnett lappolrted In1￿4 Charity Re81Stered Number 1173328 Principle Office Keele Unlvtrsity Student Vnion Office Newcastle"under.Lyrne STS $8J Senkjr Management Team S Ellis, Chief Executlve Officer I￿111 Iwir2024) R Be351ey, Chief Executive Officer Tlfrffi 219120241 F Harri& Deputy CEO- Membership Services lurfll 131912024 D Brow￿ Chief Operating Offtcer a￿1 interim CEO lfr(¥n 201112024 th 11912024 lThJependtnt Auditws Daift5 Audit Limited Suite 2. Alblon House 2 Etruria Office Willa8e For8e La Stoke on Trent Staffordshire STI 5RQ Banktrs The Ctroperative Bank PO Box 250 Skelmersdal WN86wr

K¢¢l• Uiknfgty Stvd•nt¥ Urton We tsAito¢J hnwnsolithxe<l st￿￿￿ni ot FirL)ncSal kiivirw vhe ConsoiithJ.ed Bokvxe SW. thy Chorfy 8¢Jtrte Sw, IP Cortso¥lciee st¢tefWi of Cash nts¥¥s or¢ ihe re+?ied .fjclYfvQ G sum¢rryy of s4r¥fJw and UTht•¢ Kwd)11 Frw.oot Aewrt.ry Sitywjord 102 The FirK￿￿7¢ Aewting the UK IlepJbk ol Iremd (UrTed KitvJO0ffj Gerwolly J<cweO Ac£¢viWry F¥cKtu) o ieue oryJ for ol #tote ¢1 th• Gvs ot the ctKffil￿ olf¢rs 31 July 2024 13nd of tjoen preFKxed * txwro￿¢ wrth the r8wryrnts of Ihe C￿IleS A¢1 X111 805 for We ¢￿￿¢tea (v rnjtsl ￿t￿ Stondcyds Authw¥J ￿￿} IIS4s (VK)) uF0￿.￿l[l ltr f resp￿￿1411es Lrf¥Jer twe yofiaords i)e￿-IDea In &.0".t￿$. rw01￿.,114es for iho aLJthI Ot Ine lKncKI yot￿¢￿5 ol ow f•W¥ We ore ol Gr￿'p ffj OCCOfdorKt the eth<oi requrrerner¢ts ry• to (x oJ(bi oé IffjncJa( Si￿¢m￿lS m Ihe UTried Kin9doffl, Ir¢ll￿1ft9 th• pe?￿.1P4 CovrKIl's Etthccl Standard. ond lul4'te<J I￿1 fft ep

JrKxJl s.therWi￿ we nove (￿¥Clue￿ tho Tr¥'stee¥ use of tt of OCCWfi,l¥J vl Itt pr•wrgkn￿ of ihe SlQWYrfS4 f¥V(VKrte. thol. Intyvi¢￿II¥ sy coliectsve¥ Ifqi Cost the Grouo'$ or th¢ oorwi; chonws otyliry lo 5ettons of res￿rt. Po9e 55

Indeofid•nt A•wt io lh• of K••￿ ihYvviy Stvdffit< Unlon (cathknv•d) Oth¢r Inl¢motK Qvf Authi¢N¥ Pepm Irve￿ Tr￿1•¢$ tre re¥￿￿ble tr fhe other ceAYatnwS tr Anr.yol Res>yt Opn5￿ stoternenTS ttoes ￿ cover the othef ond exJi rewtytslrty '.S io ro¥xI e aihef Inlorryxbm ty)d. • doin9 $0. <or6rfler whether. tbe o'.trw InlorrvvJt¥)n ts rnolerlollv Inc(xtsls:¢N the fin0￿￿11 #￿eMentS rx kr4wled¥ o¢)twd In Ihe c(ws• of th¢ oJdiL cf 014elwA￿ io be mow<J ther ihra 4¥vt5 f￿0 io o moEernl m8ioierrwiT rf $i￿er￿ts iheftyl¥e5 If. bosed ￿ the WLYk ho4e $rt0rrn•￿ we cyI lty rteffKY control cs Trusiees ¢rnwne froud ryJp ot thi pwert clKJrlty Qf to ceose Pcg¢ 34

K••l• un1v•￿¥ Stud•nt¥ Uion Wt kne tew apw￿led 0$ ¢udqor unty seew 144 of ￿ Chfft A¢t 2Qll and ..•wrt m OCCOfdm Ihe Act ana ￿ evtylt r¢gu431iors rrotte or efec tweuftd rniwaterr4nl due to trJl ffj not o g￿rantee fhot on txrfjit Co￿KI￿d m uctorcknce ¥lth IS4s (VKI vrtll o',w(45 detect o Ify)ref￿ ThsstOlvw• exis1& MiS5to;ements cw. iyis¢ '. rom frcud tr vr¢Y are consderea n￿be￿I￿, Il ,rav4ual%' or n the ogoftgart ieos>iGllkn Oo oycteo th¢ elS ol ioker on [he IxJg5 Qt ltr￿ Iirttnod st¥)fttrwi& Irre￿10 rtKlydMio fr1￿￿ ar• 476toeKe5 of lows r•oAJt¥xis We th54n wo¢¢duf•% m In¢ exteni ta W￿£b cxx w4xethrf¢s tye ¢ooc¢l• of vreuwrires Ifx¢J ty ry CIK>rsts Act 2Q71. lax0t￿n gislotoi erykJynnt. enwlY￿n10J ond heth (r4 Wet¥ we 0sgess¢d tts t￿ert. ol C￿>.$￿e trye ¥yLI 1¢gu&3iifyY4 "deF%tHea ot¢ve ihro¥ tr￿S of IrrlvoTrJ obio¥Mg ut¥Yew¢)n¢w of ￿.OW frovfi rryh"% CKCul. mokyg Wqui￿ o.. ry¥wmert cs io C¢ts¢￿a ttrrt WOS Wscw.biiiy ￿T￿￿Je ol octuol. Svspected ond olleged tr¢ua. ¢pd CfXl&$3erry the ffjrefnot ￿trO￿& ffj tyoc• fo rThtWrts￿ at Irr￿1 and re9vloii¢rt T¢ o¢kSrtss the of fr(￿d ihrw m(Y<>o¢rywr rxas(X•a OvtrrK of iesTe4 wfjol tntrs to 1dent.fij Jryuwol YorwT 05sessed whether orld 053urnptons m(>Je ￿ 02iernww4 the ￿COunTry wt¥rn4eS Set oui S Pcy 35

K••l• Unlvwwy Siud•rt< Urfon depqnth Authtorf R•wt io th• Mwrkn• ol K••l• ith•rl¥ Stvd•nt¢ Unk>n (ccffjlknv•d) r￿Ing th¢ mthites of rvtttiw ol ltrose chwged h ¢JoverrMxt. Qu￿n9 of mwoov)wt os to ¢Xl￿ ond oolenl 11,oolie￿ dt¥n%.' ty lewty corresKKKrK¢ ￿￿lAQ r¥woni arx1 Ihe pomt cwty gr(w"s leg01 otr¥lSf 8•cou of It Intrw¢rt bn¥iOtrfTh ol an thef• 15 0 t4k wlA t￿tt ( trnegvlorfS. IfKluthr¥a those leadtry to • m(XWknF In thp stcrfemonts ry l¥ytrctyrWl￿e wrth rtyvknl1￿ This ¥Kreoses ihe rnr>t th￿ iih o low CA re9J10b￿ ￿ frmo¥ed Irw tr or#J telle￿ed kn ihe fJn¢ol otemer,T& as ￿11 bt less likely to be¢tyY owore ol w￿10￿¢$ of The rÈ5k Is at￿ fey£>fwJ lffegvwltses KcuTrny tjve to tfoud raiMT IW ¢Yr(x. as trMI Ityvolves lrt•D•on￿ ctyKeolment. frxgwy. eolbj A further deluSp￿ of w resp￿&￿tS for the of ih• STOreff￿5 L5 cot¢d ￿ the P49tyMg w•tsie or Us• ol ow réwt TtS fesyJn s ffl¢)d• sol•b4 to the trusthe& as o ¢xthr(l>Ke Pan 4 of (kcounts Rek>>ts) Aegjblths 21x4 ¢)Jf wryk l#)$ t>eeft w¥ick•n so #Jt we s•A•e io tne tr¢Dty"S 4<v￿Q¢S ihoso mottws eye re(wed to $tthe to on Au•Jiir¥ Aewrf l¢rf no ￿her wrp)s¢ To ihe liadesl perryotted low. th) <x£ept Of 055wne respwsb-Eiu to w otrw thtyi tls trJstev4 QS a fc¥ cvf Iii th. or ihis for hiY¥e l(Km¢¢ OaLd5 6U Dolm Lrri¢ed s1th￿Or¥ Autht¢x ie 2. Alb￿ Pl¢)use 2 EITw￿ Offre Villty4 FDrw L￿ sn 5RQ Dah% Lbrii¢d4ye elw fo Oa OS ol 1rf11ty17212 01 COrrp￿￿5 kl 200& Po9¢ 36

￿l¥•￿tY Stvd•nl¥ Un Ct>nsolbdot•d StOl•rnent of fftnonc￿ 4YCUvtths For th• Y•or Ended JI Jvly 2024 Total Ivnds 2024 tunas 2025 2024 X124 P401• 2.180.930 76.000 12%.958 IM977 Owrti#) o¢bities 389.W 590.792 480.8 L'(xlsr¥ ¢xtrvi:S In¥emer.ts 1965.969 196S,969 1182.581 2.4yJ 5.420 5.420 Totol hKom• 6JS6.783 465.944 6,822.n7 6.2n.os2 Exp•ndllUf• •yb.' furnls 4.149.565 4.149.565 4,185.74 199400 401550 1478.950 2.46&440 Toiol •xpenthiw• 6.144.765 48x550 6.62l315 &649.614 Net m¢Mm•nt kn fw4ds b•for• •thqr 1.0 {17.606) 194.412 77.552) '.27,855 M•1 m¢v•ni•nl in fvnds 212.Ql8 07.606) 194.412 2I9.69T) A•condlKtloTh of fvnd& Totol lunds IOT 0.9ffi.MO) 231.457 (l749.745) vJoo.O￿) £249A97) l ffov•nxKrt In tund5 07.606) 194.412 Totol fund5 corrl•d fxword 0.769.16 fl.$55.55D {', 749.745) Poge 31

Urtv•r*tty Sivd•nt< Rwtered rnmber. 1175528 As ai 51 July ￿14 2024 2025 13 S76.137 6M.826 576.157 644.826 149,¢n 741.809 205.rA9 266.455 Cosh th l)onkand kn tKmd 199.•45 49.290 551745 457.534 7&070) (1051.059) N•t curr•rn lotslll (52%525) f591505) 251812 5U21 0,?49.743) Chm fund¥ R¢slr¢ed lur 211851 231.457 Uryestr<ied Iw Gew¢Y fur 19 (472.￿rI 0.356J51) (57J. 0.4OiJn) Toity utlftstr￿eO fu 769.162) Totol funth V.555J31) 0.749.745)

R•pst•r•d Mmè•r. n75528 *• ot Jl J4Au X124 TfUSt.ee t>x¢ 11 /C.4 12S Poge 39

K••l• Uther￿¥ Siudent¥ urton A•wtsr•d wmè•r. 11753 As oi JI J￿1 2024 a024 2023 Moi• oM•tS 78.462 89371 89.671 Cwr•nt au• l)ebi¢xs s￿150 502.873 C¢%h (X to?k ond n hond 164.7 25J49 512.918 526222 eth1￿ I>M￿nts fdltrYJ W¢Y ($60.511) 99JJS> <47.59J> Q7I113) Total oss•ts l•ss oxr•nt IiabMIt8 Jl169 083.443) 0.41yJ3) Totol n•t lthabi1rt6 .384.834> OS29.022> horft¥ Aestiiaed furKIs 215.831 23:.437 Lthrestncted fur4ts. Gr*rd (242.514) 035&3S (353.t• 0.407J71> P¢nsW feserve Iyr Cl760.459) .5•4.8Y) (7.529.Q?

K•el• Umwt¥ Stvd•ni< Aeoth•red wrnl)•r. 1173528 Chm Sioiefflent of posltkn (C<Mtm￿) Ai ot 51 Jvly 2014 Soph1• 8¢rfffla rrkisiee 11 /¢g/ZS notes ￿ yjgtj 45 10 68 I￿rn put of Ihese fvKvrid stOiVTwts Page 41

CWsoMd￿•d St¢t•m•fit ol Coth Fl For th• Y•or Endod 51 2024 2024 X12J Cosh flows Ir¢xn ¢p•ratlno S.420 1475 (50.th)) calh In Inv•stiffj oct1v￿$ 055> (47.0S1> Cosh flows frtvn ($9.20n I50.1￿0 (5x175? l768 lftiereM poyot4e (4.402) <4.855) cash prov￿4 b¥/(ug•d In) octlvltbes 8(397 (51.160) Chang• In ond •tylvd•nts kn th• 150.555 (538,904) 49.290 388.191 Coth and coth •qubvgl•n¢s ot th• •1￿ ol tl* y•ty 199.84$ 49.290 Po9e 42

K••l• Ufilv•rthy Studenw Urtott Notes to the Finanool Statm•nts Fof lh• Ytor End•d 31 Jvly 2024 G•nerol Inlormatlon Keele UTrYersrty a cIwrt￿ KorrxYtyed (xldre5s of ￿15t￿e0 Is the referyth orKI oGYTr"rbsvoriv¢ JetoQs t)n poge i al ihe5e frnrriul sioteftwv,s rhe r0(￿Ke Wrth ￿ Chorow SLW (FRS 102) . ACc¢￿nI1r+a Ic• lo chonES sy¢pofwJ ltsir ¢xcounts Itl otcvs¥r<• the R¢ptytrr)o Stor)yO Qpplcable UK 6￿1 P•JlJJC oe Irekrtra rrfJ th¢ Att 2011 lh?ty#t￿ ¢Jre iecogrnsrf IX ￿.1￿￿0 co# or tr<¥￿￿ Dihtrwse stofed In tfr¢ re¢¥wr flrwJncvJl ￿alements of th¢ dvily Jb>dbsfl ore 2.2 Gthg conc•rn q￿Q1 r¢goJ¢trS ro COnrTh￿ In ¢Jpero<y￿I ex￿e￿ lof I￿ iv•5eerA +ulwe IMr¢tar¢ Ihe IfUSeS C(7￿[$date<I net deltrt lor r•sw¥es ot VSS5,551 feswiea th¢se 4XCOvn¥$ 7f•5 fefects the ol fy k)ew clts b(tswls os 24 ot th¢ Tr De￿.c￿ sttyne lrfJlity ot £1.3351 (2023 r..407J71) rerxe¥xs the nel Dreser.t lue ol fuluee Qoytrents io ilw deltrt m relat￿ th pty Th•se prywts are pau￿¢ fJSwKKes ol ￿lf(￿rt I<￿n¢￿ frorn UnlvefS.l¥ to ￿)lYe Ch Ur¥on to fneei 1IS Aobllll￿S itrey this tyx'5. r Y&Gtses tye S￿l$t￿O It¥Ji lh¢ Ur4on tj0sor•￿e res¢xcu cosh ft¢)ws io meei uiéq¢A￿s os ltt•J fryi ty)d thoftlor• Itw ¢r• ol the oprnn i￿rt the tQ515 43 PoJe 43

Ko•l• Unlv•My st￿l•￿t¥ urt>n Not•s to lh• Fln•Kial Stat•m•nts For th• Yew End•d 51 2024 IJ FWMI oceowtlnq G￿eT(l ￿￿t$ (ye urvestrwes ol Th• ¢Tr1 th¢h P4ve rX been doswed for other wposes pJrposts Th¢ thm ¢AI Use ol Q￿h de5woi•d Iwrfl s set C￿e5 to the fMv¢S¢l sioierrwts ¢Y whth h(we l)ew rr5ed b4 ihe fy(xy wrpL Th¢ ¢0st5 01 ty)fJ +>Jm#steiW4 wch lunds wnst SgecilK flrt use tr, eoth resfnued tLwMJ ￿ set ￿1 ￿ Ihe nthes The IN￿￿e exr•ltwe ￿CoUnt the y¢LY <leth th￿0X¥￿ ol chtyfty WDS o wrylus ol £M4.188 All is fe¢c4nised tb¢ hos Èwt.tmerrt io the r￿¢￿￿. 111$ Vthble Ihol Ir¢tyrt w ol Ihe iiem s yoboble orf thai econtrTr¢ tsefleft c<Jn b me05ured Tel￿1¥ In 0¢¢￿t¥￿e wirb ih¢ Cnartres SCIP (FRS 102). wn¢fd voluntffr tny ￿ roi recogrustd or¢d ieleF 70 Ihe Trvsiees. ￿￿(yt f mtye QOtsJ: iheir CQrttrul L%)n¢teo rofesswd StrV(es aré loc1&￿ tsre reco9n5¥4 w tl to¥$ ot ifi¢ vt*Je ol Ihe g,ft to Ihe chtyily whch k3 the amounr li wcthl wtsYJ to Pty4 10 <)rAon seF¥ices ￿ locifjles OF exporotrje fecety. Po9e 44

ot•s to the Flnonoal Stotemen For th? Y•or En4Jed 51 July 2014 xmilng polKs iconiinL Mwoiufe * <￿0￿n￿ed orKe ther¢ o o lewl off ¢¢￿￿ruc￿le co490￿ io le{￿$+￿ •¢tyxynr berf:t to o Ihwd it ts gr¢boi ih¢t Q tr(m¢or of ecryKxrK De re￿￿•4 n settlgrrMt ￿K1 orrKwftl ol C9 noswed reliaw ExrKiufe Is ¢10$5rf4d ￿ Ocwvlly. The costs of e￿￿ ￿vilY LY• mo Jp ol the totol ol th¢e(i eect CGSf$ OntitrArt¢XIt 40 o swv ocrfyTr:y (ye SI(￿￿e0 e¢tlu lo ¢xtW:y- sI￿rea costs wttich c¢rt:rbdt¢ IQ ffW¢ thw oro OCDv)1y Crt ￿)￿Y1 Ctssts ore rty io o sty,'e oaiwt Yt ¢pwtwffjd thgse thlies 1>7 Q t)OWS ¢¢M)SIs￿ wjlb the of res(YJf¢M C•mrol sroet Costs iertly ￿ 5UFWrt ol ff4QffKliiwe J¢rn•rf corrlvAJ out ot Ihe Uv¥ I:s ttrJr ratse I costs co&.$ re¥JtJf4 1¢ g1)vernOr￿e DI the thorily twioneo its <b.OfTrOte ￿11¥11￿% costs rfKutteo To frxed (w ￿10 Its mierthd wvtkty C(YKhVrJn t indudeo ￿ ih• rtwsw¢m¢ni of cost. etsis. the r¢¢oYerot4e cr4)uni of assv. Is to t IMI ot Its Ioif w￿* 1¢$$ c￿$ lo sell <151$ v5e. An wr¢oWrwi lou ts r¢awrf•d th• coffytng t>Th￿nI pc4¢4s rectr4voble chcyged so 05 t¢ c4)51 d ￿￿(Xe frjed ¢xsws les& ihttr f¢￿1 (wer iber irnoted 4Jsefyl Ih¢S . 10.50Y4 Strwt M . 20.SOX Srr¢>W Lh ¢JnO ttr.eos P￿e 45

K••l• Unlv•rsltu Stvd•nt< U Not•s to the Fln¢vKiol Statm•nt For th• Y•ty Ended JI 2024 18 knv•stmen Fr¥¢d as (Ye o lonn ol 11ry￿ Instrvmere, fvfKOtw ol I￿ knlere￿ K*>J w payrth ty ITh ¥ts1J2UiK￿ yh¥yn Ihe funds (¥• a¢s>￿tea 110 Op•ratlw le¢￿8 str{Wt￿ t￿50¥er ttw &Ks¢ ierm. 2.11 Sto¢ki Sio¢s we Valu￿ th the ol COM re01￿ ¥¢>￿ oer ¢¥1owMce lor o¢wlete and cw-rp4Vmg Stock& Co$1 ¥￿￿0￿5 ￿ Oyoa co4s and w w¢¥y￿le of Ilxd (T¥$ %x¥pJbl¢ 2.12 D•biw4 2.15 C¢)sh at txv ha•vJ L￿t￿￿S tye rffr4r¥sod •ftw 15 on at the Bol¢ytt tsie 0$ o resvli ot= eVef+t. Is yot¢t4t tlit o ?ransfjtr ¢1 ec(%xrK Lrkni r•qw¢d in sertirthi. the <)r￿ ol ilK tecowse¢ of me lfrTrJt oiivthes to sense the'debt or il ellee. ?f ihe wme volue ol m(Yw ts rrAxtrd. yovlAk>n Is tKs¢d crf syeserté ol Ilwe <YrA)unts. thscwited ot tt V¢.iox dsc4Xrt Ihoi ief*cts f•e r.sks spvcrfK io me IKJblrty The unwding ot t Poge 46

Kw1• Univ•tsity Stvd•nt< ih Not•$ to the Fhi(¥nc￿1 Siotemerttg the Y•or Ended 51 Jvly 2024 A¢1￿j cosl UWKJ the efe¢iits fftrefesi (yni¥4nt5 6xJyth tsd the to Tr :¥ftyJ tn resp¢￿ ct th¢ yoty. eKe¢r¢I￿ fyfo•d tJrA cmV.￿eJ tThe Siole S¢ctyxI Pr4SKYt The ivrAa Qt leost Ihree v•os bu O Drotes>onoilu Q￿￿111￿ w1h totes ol c¢ntr¢utKx% wyal)18 t•r dtteTftv￿ b4 Ihe :rvS:e¢s on i>yv(e Of the octLKJr¥ Tr Schem• oMrc',es 0$ a [￿cle& arran9emenl. cMtfiL¥JlKy)s wd ot o (nlr¢y￿ ogreea roie A5 0 <¢>is•oAKe. s￿)￿e ol the uféerluinG 055eiS DXI Ikblits be d¢r•cY¥ artr￿le¢ i? lh• ch￿1¥. Ur¥Jw Ihe ierms ot t (￿rity SCQP. In these rJfCvrnsIL￿eS C￿rn￿tK￿ls tye +X¢OUnlqd l¢y os 111he ScPwve C¢XtrOuty 5clwr bostd iw fty C￿tri￿.1￿$ Wyab rh¢t fftxn the ts¥Te￿rfA tyxl frognise the resJl4in4 Ill Tlye cl¥JriW 0150 WiiCWTt$ he Penson Sorre (NUS•SX Q tjefrnd scherne Po9e41

K••l• unl￿￿¥ Sivd•ftt< ilnlon Not•$ io th• FIn￿￿)I Statements For th• Y•ar End•d 31 J￿¥ 2014 Esrffl￿s ¢YA iu0ww)ts c¢>itinuolly ffvolLthod oftd (Ye Ix>sod ￿ htstor es'.Imoles rssuryb(¥% crytefnry ihe fthuie The re￿￿￿9 tXCQWity e$Y4n￿e$ osgJmo;"ons hi'l w d¢lYttt￿ sel(kn) rew.ed ￿￿.,ts The es•imo"es cnd oswrnvbcffj rho¢ O SWli¢t)11 flsk ol coJ¥rs o frntenal (v4u5tmeni io ihe ctyryr¥ oi ossrfs Ofiu Iiobllrtses ¥Athfft ihe nexl foncjol Qfe <kcvssed bel Crt£th aveos 41 Judgff• As rec¢yJTrG•Y In ihe ￿CountS fcf preEenl volue ol c￿rit￿lI0￿5 pwjule io lund the OelJe talcukxinq tr present 7Y)lue ot futskre mmerfs tS(t￿nI fcxe OFpl4%8. The Irusiees Isjve o¢orov¢d o r￿e 01 5.1% 05 recommep.d•d tsj •ne ol lh• NUS Hr￿. o CVW n the applied could hovo a of •iwKioI (wmiies

Ke+lo Unlwitty %4Mhnt< Unlon Not•s io Fmonc4ol Stotemefits For ih• Y•or Endod 51 Jvly 2034 Unr•stM•d R•Krki•d funds 2014 Totol 2024 2024 101,749 7&1>YJ 777.749 c￿nIS 1.479.189 1.479.189 2.180.$38 Y&CA 2.25&9Ja ¢#rtctod Total lur 2023 lunas 202J 687.989 7￿90 764.539 fyorrts tl51438 1.131438 1.820427 7&550 Incmw fftyn ¢horitobl• Qtttrvrt*s Unr•strOctod A￿l￿t•0 lunds fvnds 2024 2024 Totgl 2024 Serv1￿ & W¢lfote h￿Ory 389.944 9.W IOON8 589.944 590.791 Poge 49

Kttl• Unlvwslty Stwl•nt< urton Notes to th• Finandal Siotwn•nts For IM Year £rthd 31 Jd¥ 2024 Totol Iwyls )25 luftds 2023 2023 t09.016 lftcome O¥bS & Sooei 379J59 519.859 109,076 379.359 488.875 xome fr•>n fun*•￿￿)? ev•nts Totol 2024 2024 aio• 29. other14yw￿l￿J i1•29 l629 59518 59.518 UrntstibQ¢d Total 2023 202J 055, 053 758 X758 l399 88.l¢X)

Kw1• Uth•rgt¥ Sivd•nt U Ntst￿ to ih• Flnancf41 Staternents For ih• Y•or Ended 31 Jyly 2024 Incorn fr)m other tr•x%ng o¢tr¥tti•s IcMtinu•d) uN•strI￿ed funds 2024 Totol fvnds 2024 3.90&451 906.451 Totol fu￿ 2023 2023 3.794,391 3.Tr4J91 Inv•stftwnt Inconva Urtr•stnctod funds 2024 Toial Ivnaj 2024 5.420 5.420 Tot 2025 2023 2.425 2.475 Pwe 51

K••l• Ur*￿￿tY 51ud•nts' U￿0 Plot•s to th• Flngndol Stfflwn•fflS For lh• Ythv El￿ 51 ju￿ 2024 Svmmory ￿ fund typ• Vnr•8tfkf•d Fl•strkt•d Totol 2024 2024 2024 l942.962 7&076 2.019.050 407.474 407.474 52.438 51438 483.550 14n950 Tof Xi2J 2023 2025 & W•lf¢Y¢ l910 82.5Y l995204 45D528 450.528," 21708 l933.550 531082 2,46&440 Totol 24 2024 2024 2024 Servkes 6 W￿01t 967.8YJ 41178 IQ09.035 lo￿.058 407.474 407.474 Sl458 52.450 967.825 42.178 1.46&947 14n.950 Poge 52

K••l• iJnlv•rMy Siud•rtW iknlo Ntytw to the FIt￿n£￿1 Stat*m¢n For lh• Y•of Ertdtd 31 July 2024 of •xpwthur• w th￿tat4• OCt￿lfIel Poge 55

Not•s to th• FlnryKial Stat•ments For lh• Y•ar Ended 31 J4¥ 2024 •1 dtrft cos Total funds 2024 w•llofe 2024 Soc••r••S 2024 Cos¢s 2024 SioFI c05tg 402267 402.267 21.089 Purctroses 189 407.474 51.459 625. 588545 407,474 52.438 I041.457 T￿01 fvnds Xi23 Wel¢cye Soo¢ 2023 2023 XJ23 sft)ff c05ts Y9.054 Y9.OY 764 1&764 211.156 450.528 217 684.372 57&954 450.5 22.70B c)

K••l• Urt¥•fM¥ St￿￿1¢ lkn Notei to lh• FIn¢l￿101 Siotem￿lI Fy th• Y•or End•0 51 July 2024 Anolysls of •xp•n(8tur• by a¢M￿S (Wrtinu•d) Totol funds X)24 Tor¢1 2D25 5toll ¢¢sts 565.55• 583.7C4 21,0•9 16.471 509 t4855 19.859 2l51J 701.749 687.989 Audrt lees & •)ther W+•f￿￿1 Fociknbes 6 14.286 15.858 4.443 14,879 t450.495 '.476250 N•t In¢orn•}(ewthtwe) 2023 nJ.750 I09J47 9.Y 43.999 23358 147.249 'A2.JC15

K••l• Unlvwsitu S14Jd•nW Unlpn Not￿ to th• Flrt¢m¢ol Siot•ffleffi• Sor th• Y•or Énded 31 Jul¥ 2024 fyoup 2023 Chortty 2024 Chryitu 2023 2024 l.W5,999 l948.wl 1.029.485 79.020 è6J.969 Soc1 secwity costs 121.179 129.SQ7 81.016 59.$79 IOY.224 2.'ea190 1.195.109 I,X14 564 Lkmlng ih• 4¢￿. woup hos m•Tr•J stoH re￿(Ya￿r￿ costs ￿ £n287 C￿$$1￿ 01 £44.265 r•￿￿(&?%Y paymefsts £28.022 of Grwp 2023 2024 Tfuyees ss 59 129 2024 2025 In ifre band £60KQI - £￿.C1)0 ieuTh whtto of stotF Iw¢d C￿ . r¢munerollM th¢ svy ¢m>Jnts 10 £257.420 (2023 £271.709)

K••l• Unlvwi¥ Sivd••tt< ilnk Noi•s ￿ th• FlnotKioI StotwA•n%s For th• Y•or En¢J•d 31 July 2024 2024 X123 91.246 IQ7.109 91.246 107.IC9 As Qvltsgfbed under $3 ot tro AP.bC'eS d A55OClotr￿. 7 (202J . 6) 01 mjslees (or pers￿$ ¢¢1￿1d w•) them? recwe(Y 17onrK4 The w 0$ loioU￿ tl yety. 3 QQ2)" 2) were re)knrsed o r¢xoI of £?54 Q2023 . £223) rrMiiing exwnso5 13. Gr¢

tor FIxtw￿ ryKI firtlnqs Totol C•M w valuatSon AI I ALWSt 202J Adalions 127.5 l.S84.012 2.1xni 45.061 45.061 At 51 Jvly 2024 127.511 1.429.075 2.20117? . l A44i4&12023 127.518 939.1 1,513.215 MS.750 113.750 Al 31 Jyly 2 127.511 1.052.936 1.627.OJ5 N•t book v•h4• AI JI ￿ IIy24 57é.137 576.157 112 31 * 2023 644.826 644.826 Pogt 57

Ffjr the Y•or EnO¢d 31 ￿1¥ 2024 13. Tontybl• flx•d oss•ts l¢¢llinued) c￿rItY Plant ly Total At., ALgusi 2Q23 127.51• •92.7•5 1.46&••4 24.260 24.260 31 2024 446.5•1 127.5 917.045 I.4￿.7•4 Dwcl¢)t 4￿5•1 127.$18 •05,214 l377.515 55.569 3*369 A¢ 31 July 2024 127.518 838.$83 L412.é02 AI 51 thAy 2aM rn462 78.462 At 37 July 2025 .571 893n Pi)ge 58

l(4•￿ Unl¥•ry Stvd•ni¥ U Not•s to th• FIna￿l01 SM•meftts F¢r lh• Y•ar Ended 31 Jirf¥ 2024 14. Inv•stm•fit componl•s I I Awjvst 2025 Ai 51 ju￿ 2024 i book volu• At￿￿2024 AI 31 2023 Nam• IOD% Y¢9 IfKom• Exp•ndStur• Prolft/(L•￿) N•t ossots/ / Surplu (O•ficrt> for the yt 3.9￿457 (I8S6.227) 50.224 O?Q397> Pcy 59

Pof th• Y•ar Ended JI J¥ly 2024 Sio¢ks 2024 2023 149.811 •41.￿9 The th<ylty ¢￿YItU 2023 2024 2023 2024". •• wlthin 53.831 ?5275 904 2X491 4tS.JY 309 92.825 l181 174 131949 is0￿. 7l574 41457 203.089 266.435 348.150 y)2.875 PtrJe e<1

K••l• Urtv•rly Stvd•nt¥ Unknft Nof•s to the Flnonthl St¢rt•m•nts For th• Y•or End•d 31 J•Jy 2024 17. Ch 2024 2Q25 2024 1023 109.755 59JQl Tfodt cretyl 182.418 IH.252 39.959 Othw ¢yxJ soorl sQ￿rA¥ OThef Cfediltys 74.052 19,448 74.OJ? 176.064 242.841 143.120 220.565 333.821 525.296 253.200 455.952 876.070 QSl.039 560.311 rnJ35 Graup 2023 Chaffty 2024 4frt¥ 2023 2024 Deterred irK4yr ot i 454,120 331.075 450.512 287.9n I￿.001 4Y.120 155.744 4XI.S?2 {4S4.120) (358.Q (450.512) 1287 972) .061 454.., 155.744 450.512 DolvTed w4ccrfne re4t￿ to for 24ns for #Ud￿ •¥rn which will tak• glw ** 24/15 seor Po9¢ 61

4•1• iknlvwaty Stvd•nW Unloh Notes lo th• Pinandal Sior•m•nt• F¢)r the Y•gr Efided 31 JU￿ 2024 l& Cr•thI￿ JrMxm¢s f4yling aft•r mof• tlw y• Group 2024 Charl¥ Xl24 CTrthiy 202J X123 491140 455.481 1,545. (s￿003 lJ16.¢XIJ 1.545.580 1.808.NJ i.80i.064 1.416.003 1.54?.$00 Tfr4 ¢Nxie9Qte OF wyoblt or wfio4¥ ff#)re frée u•tys the 2024 2024 2025 1.070.￿5 l14&in I070.883 1.14a172 1.070.083 1.070.813 ' I14&in Prye 62

vniv•rnity St4thni< Urlo P401•s to th• St¢n•m•)ts F(V ih• Y•ar End•d 51 Jvl¥ 2024 19, Sto¢•m•nt of funth Stor•ffl•ni of tunth . U￿r•￿t a￿OnCe ai i JIWI 2023 Tf¢rtsl•f¥ Odonc• at 51 in/out 2024 Gerw(M Fur (sn.809) &55&n3 0.407.57D (6.092.327) (K)3.458) Ki3.458 (412.111> 0,556.551) (52.43•) 981.W 6.5785 {&144.765) 0.769.162) Iviefnoiths Lo¢ Fund 8.446 8.446 Sofely Bus Qutss 6 Sxet•5 7.ns 7&000 (16.076) (407.474) 7.679 215.256 197.706 251.457 465.944 (483.550) ZlS,851 Total of funds 0.749.745) 6,821727 1&628.315) 0.555.33n I r•ryvsentofrofi. AeJtrlct•d Fw#lJ Loon Fund . to provxlfr t¢f QtrS•OS wilh miywy oroty¢ms Safery Bkns . To VQv4• a fr•• ¢¥¥$ w'.e who otterLI $14KJert ¢)nd dso prkirq Clvbs Of￿ s¢xM Mon5 cfy'lecied ore Its Sus)Wl ¢XllViQS ond evenTS host+# by ttxM clubs The det<lt tLThnrd on gwwal fyrKIs +y É412.811 ts •¥￿clu$ io f•tiJrn IQ gWJS ￿ fkQW• ythYS Q5 0 f•J ot ¢KtMty thriwi th¢ Co 09 +Jrtt 6J

K•ol• itr1v•¢￿y Stud•rt¥ vnl¢>n Now to th• FlfjfyKlal Stat•m•its For th• Y•¢Y End•d 31 My 2024 St(rt•m•rtt Ol lunth (¢onMu•d) Siot•ffi•nt of Iiw Bok)Kt l Augu# 2022 TnY6lefS Golrw 8olm ot Incts￿ (Los￿> JlJthy201J Uffir•strlcted 06.8Y) 1.522) 81503 (111￿52> (06.096) (SIX809) 0.407J71) ??7055 (IM￿156) 5.81.SA53 {&116532) 127.855 O.W:.180) Fuf*d 14281 IY35) (7&n (450.528J 446 Sotew Bus 7.924 7&550 7.7SS 379ffi9 5.2J6 X)8.•10 45&4 55.082) ZJl437 {7.500.046) 72.062 (&649.6;4) f,,749,743) Pffje 64

K••l• uth•rslty Stvd•nt¥ Ur•on Notes to Ihe Financial Stot•m•nts Foe ih• Y•or End•d $1 July 2024 Unrestfia•d funds 2024 A•strlci•d ftsnds Tat41 funds 2024 osseis S76.;37 57&137 Cwfeni ossets. 11&631 $52.745 Cfethytys wN*in ye Cre(SiofS mty¢ ihon w Tot f7 981180) 359 437 .749,743)

K••l• Unlv•fiy Stvd•rt< Un1 N•teJ io th• F￿￿cial St(rt•¢vwnt• For th• Y•ar £nd•d 31 2024 21. C￿OuP 2024 2023 Net rtUTw/Qxp￿￿ fry lh¢ oefbd10s pw Siotemw.t ￿ fow¢l(rf ,412 (377.552) dfvstm•ftts lor: nJ.750 109247 U204) IY.08 tYvlJvxls t￿tS fr￿Tr pqplge On¢fea5e) / d•cr¢¢x ffl St￿￿* (5.420) (2.425) 4J53 4.402 <1002> 63.546 40359 007..987) (45.4n) (Decreose) In QS•.609) 100.191 1?4a.595) oup 2024 Gr¢)uP XIZ3 199.845 49Jgo Ttrtal ar￿ •qthgl•nis 199.845 49.79D (J Poge +56

K••l• Ilnlvwthy StqHl•nlrf Urtofj Notes to the FIl￿￿esaI Siat•m•ftts For th• Y•af Eithd 31 July 2024 25, Al￿ of chang• d At l Oth•r noTr• At 31 July 2023 Cosh N•w l¢•M m6h chor 2024 49.190 150.555 199.845 i￿1 ¢Ah• l y¢ty ciftw l y• (59.101) (455.4a4) 65.604 (5Q.QOO) (H.15•) 009.755) (491140) (465.395) 214.159 0S0.ODO) (794) (402.050> 24. Il￿5@ Ot in ¢n If¢ewthn•ly thn¢stere¢ luw The pensoft cost cbory rerxeseris Canir,.trAJlD5 aY￿e bd iPe Vnth to Il io £y 442 (2025 £28.503> (C￿lf,bUt%>1s loiall&nq £5.026 £2025 £4.651) were io the fdf¥ts ot il bakrt• 4et dote ryxl (xe tr•drttys ",esyc of serwice vp •0 70 Seoterter 2005 fKCfue¢ ￿ o $04yy" h41h btriefts In respect ol seivice licrfn I CkioLY 2WS Occfury IW. o Cty¢w Averrvag R•¥ok￿￿ EufY4S (￿RE> basi& Wth ￿ trikn SO ternlx 2011 fhe closea 10 t44tur¢ Tre fnosT reurrf of the wos 0$ oi 30 Jvno 2022 ¢XKJ showed ipb mlyket value ol :h¢ 5chert'S OS5ets w05 £119.000￿ th•st ossets 44% ol ol benefi￿ that hod (KCr￿ ro rnwnbers allo￿ty tr ewied tuve rtfeases Tr¢ dehcfj or Ivrang Lw omo4Yed io £lXQQJJOQ The whtch bove I￿ mojt •ff•rt UF￿ tne iesults of Ihe VolvfAt*i Iwe IhogB rekniw io Pog• 6Y

K••l• Unlvwthu Stud•ni¥ Urthoii Fof th Y•or End•d 31 ￿lY 2024 ewressvJ In rroneiwy io cr ddit over a 0115 ￿￿)rs wll IrKfe¢J5e 0¢ 5% pef yery con￿1X}I.￿l olso Incluoe ￿ ollt>AWKe ftr Ihe c¢si of tre (w)￿￿j txlmsry4trali¥ ond operciityy),, eywses ol tr xfieme t￿¢$ oP￿d Ir¢)m l ¢Xtober 2023 formally feNTd the ol the ne. M7}vai(￿ effectsve rkne of 50 2015 Surpluses ond dpficlts whictt lufui• T•rluor￿s ￿,.1 olso ¥n{X￿ ￿ tb• lJfi>W.'$ fuiure cwtti￿￿ft c¢¥rv￿lmrnl See Noie 17 ond 18 fly the bfjts4.ty fecowsed un(Iv tr c&•fr￿￿Y otyeed do1￿ 14rtYing DI0￿ explr¥vJ Septwnber Xi31 LotsIll￿ c¥e 5hovm w o ￿￿9c￿nIed pfesenf vol¥e tK%is In tyJitw lo tr ¢)Lth4e contrttjut￿ ts Ufm p(4$ ￿$ ol lh¢ scherrf$ v¥ io tr Peng(Y Ptwe¢tru FurKi At 31 July 2024 the ¢yxJ fv (horjty C<￿r￿trnnts io rrKe tutur• nrwn Ch¢YI 2023 2024 2023 2024 r itron I 45237 43,999 90.145 19.782 20.S45 Lo: 19,782 90.145 134144 19.782 4Q.527 rhe uety the has gr￿ts Irrm Keek UrknefJ oé £1.479.189 flo?J.' LI,132.438) ond mo&. so$ t¢ the UnThwyw ol V9.S89 (2025 £NIll A b(Jkyv ol E48.965 Q025 £Nrt) Universlty el the yeryr•J Tt Aos £50 nx>Je pur¢￿se5 the yety of £l.429 (2025 £29.4nJ A brJtyKe 01 £8 <2023.. £102) was OWJ ¥0 the LIfiNVStW (h ihc CAWS Iw OISO t••M ￿K￿le4 Dy Kde (x1￿ 10 £7QI,749 (20￿ £687.9891 Mrs H P/M 4xJse ol 0 8rowry Chet Op¢rot4yJ ￿er irter¥n ￿0 ihe wor, ty Qrnptood bd Ihe Poge 68