Charity number: 1173350 Stcffordshire S£vdents' Vnlon (formerly Staffcrdshlre University Students, Vnion) Trvste'es, report oncl financiol slaiements for the year ended 37 July 2025 Staffordshire studen￿ Unlon (f¢rmerly Staffordshlre Untverslty Studenw Unl¢n) Contents Poge Reference and odminlstrative detoils of the charity, its Trustees ond advrser$ Trustees, report 2-17 Independent ovditors, report on the flnanrlol statements 18-22 Consolidated statement of finoncial activities 23 Consolidated balance sheet 24-25 Charlty balance sheet 26-27 Consolidated statèment of cosh flows 28 Notes to the financial statements 29-50 Stafford5hire Students, Union (formerly Staffordthlre University Students, Union) Reference uhd odmlnlstrtslive detalls Jf the chority, its Trustees ond advlsers fcr the year ended 31 July 2025 Trustee5 Preclous Oluchvkwu Qgbeln (Cholr) Leoh Thompson, {oppolnted July 2024) Aurelio Bnezow5ko Andy Wright. {ressgned Jvne 2025) Joseph Knight, (resigned June 2025) Foron Sobir. {￿SIgned June 2025) Sally ElSzobeth McGill Lillth Drlzzle. (oppolnted July 2025) Vicky Banks, {appointed Jvne 2025) Milon Nod. (oppointed J￿lY 2025) Sophie Deegon- 8iooks. (oppoinled September 2024) Ashleen Kavr, (oppointed September 2024) llorlty registered nvmbèr 717i330 Prlnclpul ¢ffic¢ .Sttsffordshire Sludentg Union .College Rood Sioke on Trenl Stofford5hire ST4 2tIE Chief execvtive offlcer Ken Sonkson IndepÈndent auditors Dains Audlt Llmited Stotutory Auditor Suile 2, Alblon House 2 Etrurio Office Villoge Forge Lone Stoke on Tfent siolfordshlre STI 5RQ Bankers Notionol Westminster Bank Pl Compbell Ploce Stoke on Trent Sioflordshire ST4 IND Soli¢ittsrs Wrigley's Solicitors LLP 19 Cookridge Streel Leeds L$2 3AG Poge I Stafford5hire Students, Unlon (formerly staffordshirè Universlty Studenw Union) Trustees, report for the year endèd 31 July 2025 IN7RODucfioN The Trustees present their unnual report together wlth the 0￿d￿ed flnonctal stotÈments of Stoffordshire StLidents' Union (the chority) for the year ended 31 Jvly 2025, The Tr￿ste￿ conflm thot the Annual Report ond flnonclol stolements of the chority comply with the current stotutory requirements. the requlrements of the churity'5 governing docvmenl and the provlslon5 of the Siotemeni of Recommended Proaice (SORP). opplicoble to charities preparing thelr occounls In occordonce wlth the Finonciol Reporting Standord opplicable in the UK ond Fepublic of Irelond (FRS 102) (eflectlve I Jonuary 2079) os amended by Updote Bulletin 1 {effective 1 January 2019). The offidol name of the ofgonlsotlon chonged from Staffordshlre Unlversity Sitsdents. Unlon to Stoffordshlre Students. Union. This change resulted from the Unlver51ty chonglng its nome frorn Stofford5hire Universily to Untverslty of Stofford5hlre In September 2024. Followlng o refe￿ndUrn of studenls to deEermine ihe prefèrred name by whlch the 5tud&nts Union shovlé be know, o resolotk)n wos passed by the CIO members (The Boord) to updole the nome ond governing documents. In Ilne with its constllutlon and byelows, on the 23 June 2025. STATUS AND AOMINISTAATION SincE August 2077. Staffordshire Students Unlon. hos beEn ir*corporoted os o Chorttoble Incorporated Orgonlsatlon (Chority reg 1173330) and rhe sole shoreholder of Ils Irodino subsidiory Stofford5hlre Students Unlon Enterprlses limlled (tompony reg 09849741). The Studenr's Union is responsible for the provision of support and representotion to the 5tudersls of UnivÉrslty of Siofford5hire ond Is governed by it5 Constitution and stjpportlng bylows. The Students, Unior> hos provision for up to 15 memberg on Its 8oord of Trustees, but in line with it5 byelows currently olms ID operote with ii posthaSders'. In Merch 2025 the Bourd look the declslon to reduce. from 4 10 3. the number of fvll-time officers11 would elect for ihe 2025/26 ocodemic year. STRUCTUAE. GOVERNANCE. AND NANAGEMENT The Union ig o membership orgun15Utkin ihot is govwrted by a wrilten consiitvtlon oncl vio demorratlc strvctures detoiled in its Constitut￿On The constitution ol the Union is the collective of the mojor govemln9 document ond the minor ooverning document. the B¥'elow5 01 Stoffordshire Student5, Unlon. Students ol the University of Sraffordshlre orè invSted lo become members ol Sioffordshire Students, Unlon upon enrolrnent ot the Unlverslly. Students have the right (vnder the EdLicatlon Att 1994) lo opt-ovt of Union membership. Once their 51uclenl stQlvs at the Univer5Ity end5 (upon recommendotlon for an oword or wimdrowol from thelr course) they ceose to be members o* the Unlon. The Unlon's Constrfvtion is revlewed ot leost every five yeors ond ony ¢honges opproved by members. through o Referendum or Generol Meetlng, and ratified by the Gov?mlng Body of the University. The Unlon h05 severol formol and informol ogreements wilh the ijniverslty thot ensure effective regulolion under Ihe 1994 Edvcotion Act as well os esiobllsh the independence ol the Unlon from the Unlverslty. whilst ensvring the iwo orgonisations work In Close portnership for the benefit of studertts. These are.. The Student and University Memorondum of Co-operation, which includes the Cede of Pracllce for the Operotlon of ",he Student5, Union, os defined bu the Educotion Aa 1994. The Ooto Shoring Protocols Agreement, Shofed Heollh & Safety Responslbililies 5tL'dent Experience Motrix Poge 2 Staffordshire Students, Unlon (formerly Staffordshlre Univer*'ty Students, Union) Trustees, report (continved) for th¢ yeor ended 31 Jvly 2025 The Board OF Trustees comprises of up lo fifteen twstees wlth the followin¢ designotions.. Up to six (6) Sobbolicol Trustees. eletted by 0 Secret ballot Open to oll members of the Unlon. Up to five (5) Student Trustees, open to all membErs of the Unlctn. eletred ond oppolnted by the Appolntments Ponel of the Unlon. Up lo four (4) Loy Trustees, selected by the Appointments Ponel of the Union, S¢bbatleol Trustees ore olsD full-lime Representotives of sttsdents ond receive a s¢lOry trom the Sluéenrs. Union lo reflect thi5. They moy serve up to two terms of one O) yeor. Appolnted Sivdent Tru51ees ore volL*nteers ond are not remvneroted. but moy cltsim leglllmgte expenses, ond they gre eliglble to se￿e Iwo (2) terms of one (1) year. Loy Trustee ore volunteers who moy clulm legltimote expense5 ond con currently serve Iwo (2) terms of fou< (4) yeurs. The President of the Students Union Choirs the Boord. supported by the Deputu Cholr{s) of the Boord of Trvstees elected by the Boord of Trustees, In acCordon￿ with the Conslitulion, INDUCTION AND TRAINING OF TRUSTEES The Union hos o siructured progromme of induction ond trolning for its Tfustees ihot Is run within ihe orgoni5011on. with Ihe udditionul opticn to vndertoke un annuol Trustee Troining prooromme co-commlssioned iqlth lou)I Students Union portner5. Further troinlng15 oftered to trvstees ¢Yuring tbeir trusteeship In parinefship with both NUS ond NCVO. CHARITY GOVERNANCE CODE The Unlon is best ploced lo ochieve its ombition5 if It hos effectlve governllnce. Ihe right leodershlp strvctur¢5. ond skilled ond copoble stoff ond rrusiees. Good goverrtonce also supports the Unlon's compllonce with relevont le9islollori ond regulation and promotes o cultvre where everything work5 I0WClfds fvlfilling the chorlty's vislon. The Charlty Governonce Code h05 been developed by o steerlng group, viiih the help of over 200 charities. ond is endorse¢ ond rÈcommended by the Chorltles Commission. The Code oims to help choritie5. and their trustees develop hlgh 5tandords of governon¢e ond Is Intended os o practical tool lo help trustees ochleve this. and os a tool for contlnuous improvement lowords the highest stondord5. The Code is nol o legol Of reguloltrry requiremenl. Insleod. the Code sets the princlples ond recommended practice for g.ood governunce and ts deliberotely ospli'.ationol- some elements of the C(Kl¥ will.be a stretch 10 ochieve. Poge 3 St¢Jfford5hlre Stvdenls, Llnlon (fonnerly Staffordshtre Unlverslty Studentg Unl¢n) Trustees, report (contlnued) for tho year ènded 51 July 2025 The enhonced Code for students, unlons cover Organisotlonal Pvrpose The boord is deor obout the chorfty'5 olms ond ensures that these ore bèino delivered effecllvely and sustolnoblu. Leadership - Every chority is heoded by an effeetive board thol proviée5 Stroteglc leodership in line wlth the chority's aims and values Integrity The board octs wilh Integrily. adoptlno volues ond creotlftg a culture whlch helps ochieve the orgonisolion s chorltoble purposes. The boord is owore of the Importonce of the publles confidence and trust In chorllies, ond trvstees undertoke iheir duties occordlngly. Declsion maklng, rlsk and control The boord makes sure thol Its detlslon-fftoking processes ore Informecl. rigorovs and rlmely. tsnd thot effettlve delegotlon, control ttnd rlsk-assessmenl. and mtsnogemeftt systems ore Set up and monllored. Boord effèctlvene$5 . The boord works os on eflettive %eom, using the opprDprlole bolonce of skills. experience. bockgrgunds ond knowledge to mcke informed declslon5. Diverslty - Yhe boord'5 approach to diversity supports Its effectNenes5. leadership ond decision moking. Openness ond occo¥ntablllty - The boord leods the orgonisQtlon in beir)g tronsporent ond accovntoble. Representct¢on. Interests and Df mocrucy The students, unlon Is established a5 0 democrotlc Ofg¢nisotion th¢t fundomentally exists to represent ihe needs of Ils fftembership. The principle of 'Democrocy' Is lundomentol te oll Students, Unlons ond is enshrined in the 1994 Eclucotion Act. Thi5 principle look5 for students, unlolls to demonstrote thot their member5hlp Is ot the heort of the orgonisotion. 17 also sets un expectatlon thot students. unions should have foir and transporent democrolic processes ond procedures which ore occessble to all. The opplicatlon of the Chority Govemgnce Code as on èvolvallon tool wos fully revlsited In Summer 2022 os port of Ihe onboordlng o* newly oppointed trustees. wlth the focilitalion of on extemol Trusree Treining provider. Actions unéertoken through 2024/25 Consullotlon with student members to determine the new nome of the students, union. An onolysis und report to Ihe Board and Unlverslty Governors on ossvronce tst thelr responsibilltles under the Educollon Act CDlloborotion with the Unlvers51u on the errter9ing oluties ond code of praciice on freedom of speech. resultlng From the Higher Edvcotlon (Freedom of Speech) Aci 2Q23. DATA PFiOTECTION As there wos no forrnol requlremenl to do so. Trustees hove decided to not oppolnt c formal Doto Protection Officer os detoiled In the Rpgulotlons, howÈver. complionce with the regulotlons is the responsibllity of o formolly oppointed Doto Protectlon Chomplon, whlch during 2024/25 ivos the Chlef Executive Officer. In oddition, one of the loy trustees is Doto Protection Officer for o law firm ond is cble to prcvide 5peclDllst supptsrt in this oreo. There were no reporteble Incidents In 2024125. Poge 4 St¢Jffordshtre Students, Unlon (formerly Stuffordshire Uni¥ersity Studentsl Union) TrL*Stees' rèport {continued) for the yeor ended 31 July 2025 SUSTAINABILITY stoffordshire Student5, Union htss embedded o commltmenl tQ SU51ainobllity throughout its work whlch hos exiended in portnership with the Unlverslty. Hoving been audiled onnuolly for the Green Impoct oword ond retoined the Excellence stondard for five consecutive yetsrs, the decision Was token to toke o sobbotitol from the audlt pro￿$$ in 23/24 to feftXUS staff resources, The Studeni's Unlon remoifts on octlve portner in o joint working group wSth the Unlversllu with the joint goals ol achlevlng corbon neutrcllty of btJilding5 by 2030 ond mgking significonl redvclitsns In corbon ernissions ossocloted with oll octivllies on order to become o net zero Universltu. RESPONSIBILITIES OF ThE TAVSTEES The trustees ore vltimotely responsible for the govefnonce of Stoffordshire Sludetits, un￿n. They ore also responslble for the opefotlons of the Union. This Indudes opproving pollcy. proced*Jre, strategy. budgets. ond ensurlng complicn wlth the Constitution. Budows ond the reqvlrements of componies acts ond education octs. The trvstees ore responsible for preparing the Trustees Annuol Report ond the Finonclol Stutemenls In ocCordon￿ wfth oppl*coble loiv ond regulotlons, The Trustees i¥ill' Accept vltlmtsle responsibility lor dlrecling the offoirs of Ihe chorily. ond ensvring il Is 5alvent, well-run, ond ellverlng Ihe chofiioble oulcomes for the beneflt of members. Abide. inditric*uolly and collectively. to the NDlon.Principl¢s. Vndenoke a sklils oudil upon TecrL*ilment (Community Trvstees. Vrilverslty Trustee ond Selected Student Trusiees onlu). Undergo a full Induction upon storting office. Undertuke conlinvous professional development a5 Q trustee. ond Complete ond keep on vpduied Reoisler of interests. The Stvdent's Union is o democrotic organisotlon ond the Boord of Trvstee5 delegote outhorities (subject to limltotions ond sofeg¢Jords thol ensvre the legollty of its declslons) io the Extrcutlve Commiiiee. Ihot then hornesse5 Ihe ivlder Input of siudents. throvgh Slvdent Representotive Counal und Slucsent Forvms. In pollcy shoplng deci5i9ns. The officer Trustees oversee the doy-to-doy operatlon ol the Students Unlon ¢Js Its Executive Teom. They meet regulorly with the monogement of the Students Union os o Leodership Teom. ensuring the contlnued foclss of the organlsQtion en Its object1v￿. There Is deleooted ￿spoNsIbl1￿u through the Chlef Execvtive Offlcer for operaljonol decislon moklng ond occountobilily within the deportments In occordonce wlth o regulorly ￿vIewed Iromework of éele9Oted.re5pon5ibillty. The trustees meel o mlnimum of to(Jr times per year. with the dates of these meerings sei for the year oheud occording to ovoilobilily of the members. PUBLIC 6ENEFIT The trustees confirm that they hove comp.lied with the dLrty in Section 4 of the Charitles Act (2006) to hove due regord to the Chority Commission's generol guidonce on public benefit. The thorlloble pvrpcsses of Staflordshire Students, Vnlon ore 51ote¢ In the 'Objets oné ActTrvitles' and the Trustees ensure ihot Ihese purposes ore carried OUT for the public benefit. Poge 5 Stoffordshlrè Studentr Unlon (formerly Stofford5hlre University Stvdents. Unlon> Trvstees, report (continued) for thè year ènded 31 July 2025 08JECTIVES AND ACTIVITIES Staffcrdshlre Students, Union's ('the Unlon") choritable oblectlves ore the advancement ond education of students ot Univèrsity of Slofford5hire for Ihe public benefit by,. Promotirng the Interesis of student5 Ot University of Stoffordshire during ihelr course of stvdy and representing. supponing. ondent Grovp ol the Ji eor. Page e Staffordshlre Students, Unlon (formerly Staffordshir* Unlversity Students, U#jon) Trustees, report (¢ontlnved) forthe yÈor ended 31 July 2025 An Experlence You Shope This ocodemlc yeor 475 Student¥ servéd 05 Course Representotlve& covering 44% 01 covrse levels that require a Course Representotlve (where a covrse level hos more thon 5 current stvdent5). Of these volunteers. 264 t560A) completed the full Iroinlng progrjmme Implemenied vlo the Student Voice Teom. With the chonge In the Universlty's schools, strucltsre the new Subject Rep model wos inlrodvced with 39 students taklng On this nevi role lo connect the course reps wlth the ocodemic und laculty Stolf. Our wider democrotic engogement hos seen 1.34S students porticip(Jting In our elections throughout the acodemlc yeor. With the chonge in ihe nome of the Unlverslty requirlng on updole to the Slvdeiits Unlon, 952"students porticipoled In the r¢ferendum on the preferred nome with o simple mojorilg pfftferring ihe shorter -Stoffordshlr¢ Students, Uoion. over the 'Unlversily of Sioffordshlre Students, Unlon- olternotive. Throuoh Morch 2025. we conducted our 8lg Ask 5vrvey whlch had 574 responses from students who would be continuln9 Into the 202516 ocodemic yeor. Together wlth the qualitotive dato from Speak Week conver50tlons Wlth over 200 students, this dato ossisted the boord wlth Its strotegic ￿vIeW 10 shope operating plons and union.strutegy going *orword. Anolysls h05 been conducled wllh both the taught ond re9islered stvdent dotosei from the Noltontil Studettt Sutvey. It is the secor*d yeur thot the suNey hos used the nelv questlon sel enobllng direct comparison of development oreos. We hove prepored course rador grophs of sentiment, to er￿ble us lo corru out further drill dawn ond actlon plons for these areos ond have focused ort tlie Registered Studer*t5 results, 05 these students ore the n￿MberS of the Students. Unioft. We ore pleased to report thot we hove in¢rea5ed from 70.W/g to 72.SoA for the p05ilive sentiment urovnd "my It￿entS nlon represents my ocodemic interests". In representtng students, ocodemic ond widef interest, tliere hus been a focus this yeor on enobllng the diver51ty of student VC¢lces ta be heord ond on supportlng ocllon through cworenes& educatlon and odvococy. Pog¢ 9 Staffordshire Students. Unlon (formerly Staffordshlre Universltu Students, Union) Yrustee5' report (continved) for the yécr ended 51 July 2025 Officers undertook work with colleagues in Ihe University to develop supportive ond empoihellc communicotlons ond opprooch wlth our GhanoSon 9ovemment sponsured stvdents. A change of government saw sponsorship f*Jnding for student's port wau through their studles he5d up, which pvt thelr groducllon ond contiThuatlon In jeopordy. Negotlotlons enobled sludenls to oltend their gradiJotlQn5 ond flexibllily arDvnd Timescole5 ollowed for student to coniinue thelr 5tvdies whilst the sponsorshlp funding came through. An Internotlonol Awareness Doy. run in colloborolion wilh the Unlverslly Chaploin ond Tronsillon Teom. Involved contributions from over 90 students from 40 notionoliltes showcasing fovourite snocks. music, ond dlshes from vorious culture5. highlightlng rhe richness of our internallonol community ond strengthening Inter-culiurol vnderstcndino ond cohesion. Our Subjed Reps and Student Trustees encovraged clepartmentol ovtreoch to local schools. ificlvdlng o major event irs Moy Welcomlng 120 glrls io explore tech ond computing in partnership with Cisco 0$ purl of the promotlon cif Women In Computing (STEM) initiotive. This followed on from the Inlemoiionol Wofften's Doy celebrations thot brought tcgether our femole leoders to shore thelr work tsnd personol experiences through o Women's Falr held ot our StokÈ campus. empoWe￿ng femole definlng students thrgvgh vi5ibililu. storytelling, ond peer leadershlp. Offlcers worked with o locol chority ond ITV News to host o focused session on the lived experiences of student5, gothering 0 5moll group lo shur8 thelr storles end the sUPPOrt they received. This wos complemented by on oworeness stoll tk>rough Cop Shop in portnership with Women's Aid and Yes Love. giving students o chonce to engoge in meoningfu5 conversations while prornoiing vitol COL*ses. Thls year 27 student groups hove hosred chority end clvic engogement events, with 10 societies octlvely worklno wtth local chcritles to rolse oivoreness ond funds. The Afro Coribbeon SDclely and the P&ntecost Student5 ond Associotes (PENSA) have octively worked to support those who ore homeless w£thln Stoke-on-Trent onij roise owurene5s for the difficultie5 they foce.. Copshop ond the Forensics one Crime Scier>ce Soclety hove supported o number of events ond compaigns i¥ilh the Slolfordshlre Police. both goining voluoble Industry experience whilst engoging with the locol community Siudent group fundfolsing for the community this yeor hos iolsed £12,642 and beneflited Concer Research UK. the 8rilish Heort Foundation ond Speclol Effecr, a chorily enriching the l¥ves of Individuals foclng phy5icoI challenges through the innovtttlve Integrotion of technology. Support Yov Can Trust Our Advlce and Advocacy team eonllnues to deliver o broad ronge of support through oévlce ond odvc)cocy to our Students. Between the l August 24 ond 31 Moy 2S. Ihe teom hos managed 822 student coses supporting 802 unique studersts (0 4°h decreose on 23/24). The breokdown of advice motter t05e cutegoriès seen were 51% money reloted, 31% ocudemic relored. 7% regulotory & disclpllnory relai&cl, 5% hovsing reloled, & 6Yo oenerol issves. With chonges lo the Unlverslty'5 Sloffing through Ihe Toroel Operating Model. we continue ro develop the stoff teom with Ihe oppointment ol an odditionol slvdent odvisor lo support Isnanciol Iitero¢y ond gvidonce. With o focus on ensuring 0911ity in our services, oui Stalford Coordinotor has olso completed benefils troining to help Staflord students with dependenrs where the demogrophic is a IDt higher. Owned ond operoted by Slofford5hire StLJdents' Unlon. GreenPod Is o free service for students to support them to secvre good ovolily oncl affordcble occommtsdolion. Gree51Pod speciali5es in providing accommodotion motched to individu¢l student need5. Through 2Q24/25 the servlce DSSlSted over 700 student5 Increosing the nvmber of ter)ancies 5ecvred for students by 18% 10 290 Tolkln9 0 Sludent-centred approoch with londlords. Greenpad hove olso supported 12 Siudeftts lo exit Ihelr teoancy ogreements mld-year due ta chonging circumstances. withovl incurring linoncial penollu. The teom ¢ontinue lo work with londlerofs On chonges reqLtrired under the Renters Rights Bill. Poge 10 Stafford5hire Students, Unlon (formerly Staffordshlre Unlversity Students, Unlon) Trustèes, report (continued) for the year ¢nded 31 July 2025 This ocodemlc year we hove employed 98 Union Teom Members contributing over £275.000 In student stoff woge5 etween the l Avgvsi and the 31 Moy. We ore pleosed to note thot no students employed by Ihe Students Unlon hove wSthdrawn from thelr stvdles this ocademic yeor. Twentu-four members of the teom hove been trulned to hold teom leoder or duty monooement positions ond oll retoil ond venue outlets retained 5-stoi food hyoiene ratings. Cur support for sivdenl hordship remolns cn on9olng necesslly. with 182 studen15 Issued %vlth 317 FoodHub vovchers. The FoodHvb servlce hos supported over 1000 stvcjenls and 15 one of the Icngesi runnlng student union foodbonks In the coiJntry. In oddilion, 57 crisis loons have been odvonced to students to bridge deloys In funding through SFE. or other horéshlp fund poyments. In light of the Hlgh Court ruling on gender, Union Offlcers jolr￿d notlonol adlon grDUP5, Ptsrticipotlng In three of the four rkgrovps. strertgrhening our commltmenl to trons rights and Inclusion ot SloEff& ond providing o detailed submisslon to the Equollty onfj Humon Rightè Commissitsn consultotlon. The union offtcers hove olso engogèd this yeor in nolionol student representotion work on hous(ng, with ottendonc.e ol the Houses of Porlloment to to lobby for o cap on londlord chor9es ond ensure thot locol concerns regord&ng stvdent tenancips ond Itvlng conditions informed MP'S dlscussions on the Ftenters Righls Bill. Student Representotlve hove olso ponlcipaled in round table discussions wilh elght other stvdents. unlons ond the Deponmenl for Edv£otion. helping develop on understonding of the factors influencing wh'y sludent ch005e university ond the gop5 belweEn thelr expectotions ond the actual experience of campus At o IDCOI level, student represenlotives met with staff from the Office for Students to discLtss molor slL>dent experience hvréles. ond Informlng the teom on how the OFS can ensure they are slv.dent centred in thelr opprooch. the concerns of studeftts lvhilst ot univer4ty, ond how the OF5 con better work with Institutions, A key piece of work thls uear consldering the puce of development. hos been i￿9rking with the Universlty's Qutslily Enhoncement Commlltee to develop on Artificial Inlellioence (Al) PDllcy ensuring ethicol ond actssslble Al Ltse In teoching ond ossessment. incorporoljng student feedbock for transpo￿ncY ond fairness. Recognislng Ihol students often foce chollenoes beyond iheir control we dellvered o compo59n to ensure gtudenis understood whot was expected and how to opply for Extenuoting Circumstances effectively. ensuring Improved oworeness of acodemic mitigotion processes and empowerlng Siudenis wilh proctlcol guidonce. Aimed al SVPPOrtino slvdents who hod prevlov51y foile.d modules. rhe Repeots don't foil oguin compc£gn provided ouldonce orn how to opproach fepeols ctnd utifise ovailable 5UPPOrt. encourogino ocodemlc resilience and Improvlng progression rotes. Working with stvdeAIs' cose 51vdles. we were oble to highllght how folllng behind on plotrmenl hcurs impocts on degree progresslon. lobbuing for cleorer guidance ond Unlversilu 5UPPOrt in monoging these chollenge5. Colnciding wilh N¢tionol Money Week. we delivered o compalgn focused on finonciol Ilteracy-providing students with resources to moke infomied flnoncicl decisions, from bvdgeling to understondin9 student loon systems equlpping students with tools to better monage livino costs Dnd allevlote stress oround finances. A guide produced by Greenpod oimed to help 51vdenls understond whot its IoDk for before 51gning o tenoncy agreemeni-empgiverlng first Ilme renters to moke Snformed decisions when novlgoting Ihe housing morket. Poge 11 Staficrdshlre Studehts, Unlon (formerlu Stoffordshlre Unlversity Students. Unlon) Trustees, report (contlnued) for the y¢or ended 31 July 2025 Although Aet formolhj porticipating in Green Impoci Awords this yeor. the UNon h05 molnlalned Its focus on SU5tainobllity. hosting electrlcol ond boiiery ¢nd doihing recycling points, ond delivefing trolnlng on sustainobility1Snked lo the UN Development Gools 10 society committee leoders, leoding to 10 student group5 recognised wllh sustolntsbllltu recognition for Improved proctlce. The Year Ahead As part of the organisations plonnlng process, we onnuolly revlew our operotlng plons for the yeor oheod to enoble us to progress in meeting our stroteglc gools. These deportment focvsed oporoting plons ore clEveloped by monogers for Eheir respective oreos. In con5vllotion wlth the opproprloté leods. These plons consider o revlew from previous year irnpjcts ond outcomes, Slvdent offtcer manifestos ond plonned chonges from the Unlyersity and externol stokeholder5 and londscopes. Sense of 8elonging: Early interventiOF7 wlth oppllconts io connect them to thelr Stctffordshire experience ond fellow students. A c¢x)rdinoted orlentotlon and Inlroduciion t¢ Vnlverskty ond its Pla￿ of possibilitie& Targeted campoigns that deline & 5howcose the weolth of opportvnilies ond rttnge OF oct(vilies ond events ovalloble oi (ond around) Stgff& Identify ond mgftlmise borriers to involvemenl to improve the breadth of poriiclparion ocros5 the Membershlp. Ensure Un5versily stalf ore 0￿e lo promote oné signpost appropriotely lo the Students Union. Help student5 find their tribes & recognise there are "students like me~. Edvcole on the culturol arld sociol competency ond behovrors of the membershlp to volue ond respect the Inclusion of everyone ctnd to -disagree ogreeoblu". Work wlth portners tts provide eosy transition to oc¢ommodatlon thol meets indivldvol's needs, through their time wlth Stolfs. An éxperience yov Shope: Èmpower student representotion through o Studenl Voice Strotegy Ihut ensures on Informed occesslble ond evidence.led network of represenloiives thot octivelu engages with relevont porties to develop contSnuous improvement io the student experience Continue to build support sludenl comrr.vnlties by brlnging tO9elher students to pursve co-currlcvlor and extro-cvrrlcvlor acilvltles ucro55 ond between ctsmpu5es using communlly orgonistng princlple& Expcnd the opporlonitie5. beyond employed Teom Members. for students to shope the delivery of servlce5. Creole event teoms & ombossodors to lead on event progromming Hold termly user forums for o115ervlces Schedule on annual colendar of consultotiens in collaborotloft with Vniversily Molntolp, o meth,odicol ond consistent follow-up programme lo meosure ond evoluote how ivell we ore doing acr055 the Union services In delivering o quttliiy ond trusted experience for stvdents. Page 72 Staffordshlre Students, Unlon (formerly Staffordshlre University Students, Union) Trustees, report {continued> for the year ended 51 July 2025 A Union you con Trvst: We will be tronspurent In our work,. octloA5 taken (or not). in reloll¢n to member feedbock, wlll be deorly communicated in o Ilmely I￿0y. We will communicate cleorly ond regularly how we ore represenllfio students, ocodemlc & iylder interests ond ore octing on thelr feedtsock Our offer to 51udenis will be cleor. olon9 wlth the expeclollons'they should hove. Through a our colloborotive opproach wlth the UriiYefs5ty we wlll develop joint strotegles for sport5. Student volce. ond Iroding'services. We will mop the seThlce tovchpoints.. to reduce frlctlon ond engure we deliver. We will revlew ond revlse the Student Chorter W4th the Unlvefslty. We will oofttlnve to Csdvlce onol odvo¢ote for students on oreos rhol molter to Ihem, lobbylng the Universlty for chonge where needed ond shoring Impa¢ts ond outcomes with students. 8A51S OF ACCOUNTING The onnucsl flnoncial statements of Stoffordshife Students. Union oné Its subsldiory ore ottothed to thls Report. They ore prepared u&ng the Accounting ond Reporting by Choiitie& Stotemenl of Recommended Proctice (FRS102..) GOING CONCERN The finonctol relotion5hip between UnSver5ity of Stoffordshire ond the Union is ogreed onnuolly in the form of o Flnonclal Memorondvm, ond a5 determlned In the Memorondvm ol Co.Operetion. The Flnoncial Memorondum confirms ihe onnuol ullocollon of o Block Graftt pold by the University ond fvnher support In the form of accommodolion provlded on on in-kind bosls. Thls in-kin(i svppon ig lundornenttsl to the relotSonship beiween the University tsnd the Unlon, and is osslgned a monelory volue In accounting for the yeor. Thère Is no r¢oson lo believe thot the support from the University wlll not contirtue for the foreseeoble futL*re, os the Educotion Aci {1994) imptsses o duty on the Universlly to enstsre the tinonclol viobilitu ol its student rep￿Sent0tlve body. These Flnaiiclal Siolements have therefore been prepored on o golng concern bosis. PRINCIPLE FUNDING SOURCES The primory source c>f the Union's fvnding is derived from the onnuol Block Gront from Universlty of Stolfortjshjre. In odditlon, deslgnoled fundlhg gront5 were provlded lor programmes related to the wppon of students ot the University compuses in London & os well os ihe Iransfer of finonciol literocy support io teh Union's student odvlce leom. The remolnder Gf income is from- surplvs generoilng octivlly of tradin9 Outlets, stvdent membershTPS tor sporis clvbs & generol interest societies: student events,. ond ihe glft-old donalicn of tsll profits by SSUE Ltd. FUNDRA151NG Stoflordshi(e Students Union suppons the i¥ork ond oblecllves of the Fundrolslng Regulator. however. os o students, union, the mojority of our Income is deriv¢d direcily from the University. ond we do not fundralse In the monner fDr which the Aegvlotor seeks to reguloie. ConseqLJently. the Union hos not offilialed to the Fundr(Jislng Regvlalor os the Unton does not believe expenditvre on ihe levy wovld be in the best inlere515 of our memb.erg or congruent with our choritoble purpose. Pa9e 13 Staffordshlre Students, Union (forrnerly StaffordshiTe Universlty Students, Unlon> Trustees. report (contlnued) for the year ended 31 Jvly 2025 AESERves AND RESERVES POLICY The reserves policy of Sioffordshire Students, Union Is to mointoin o level of unrestricted funds. not commltted or Invested In tongible ossets, which will enoble the Unlon to ensure contlnui£y of octwity ond the abllrf(y to odjust. in a osured woy. lo ony significont chonges In resources_ To provide funds which con be designoted to specific projects its enoble these proJects to be undertoken at short notice. To protect the finonciol stability of the Union ugolnst odver5e economlc conditions withln Its troding operotlons To provlde o fvnd for capltol replocement / refvrblshmenr The Rèserves policy reco9nises thot reserves ore neces50ry to molntoin the duy-lo-doy operatSons ol the Unlon for o period of up lo 4 months. 5houkl onyth5ng diswpt Ils Income sources. Thls would currentlu equote lo opproxlmotely £428.000. The meosure of f ree reserves hos historicolly been, net 055ets, le55 restricted ond cleslgnated funds. less fixed ossers Ottribvtoble to unrestricted fvnds. Currently this ormvnt is (£107,96n. However, the Trustees recognise Ihot vnder FRS102 there is olso a bolonce sheet provislon of £953.629 090inst ts long-term {12 yeor) pension liobillly ond repoyment plon (extended to Moy 203D. provlding unrestrlcted funds, excluding pèrtslon liobllily. of £854.997. RISK HANAGEMENT The Trvstee Boord of the Students, Unlon P¥cTrS exomined the major slrotegic, bv51ness ond operatlonol rlsks foced bu Stoffordshire 5tvdents Union, A risk register hos been esioblished ond slgnlllcont ¢honges 10 risks 0￿ Iden*"fied ond monltored through the Flnonce. Stofflng and Rlsk Sub-committee. Where opproprlole. systems ond procedures have been introduced to mlnlmise or mitigole the rlsks the Studenr&' Unlon foces. Budgetory ond Internol Control risks hove been minimSsed by the implementation of procedures for ovihoriststion of oll Iransoclions and projects. Procedijres ore in place lo ensure compllonce wilh heolth and sofety for stoff. volunteers ond partic5ponts on all octlvliles orgunlsed by the Students Union ond. public Ilobillty Insuronee hos been maintoined ot £10 mlllion. The key r15ks of the relotionship ond finonclal sustainobililu of the Up,Iverslty os molor supptsrter ore octlvely monaged. with on open dlologve ond understandlng of the co-operotlon between both parties. There is o support commitment Irtsm the Universlty to both the block gront ond troding operotion of the Students Unlon, with addstTonol support for sperific projects like Ihe i-e.inwgorolion of compus ond outreoch to satellite compvses. In portnership wllh the Un',versify the Students Unlon is working wilh the University to monoge Ihe risk of folling student numbers eith.er through fecrJitment or relenlion and the resultant Impoct on the finonces of both orgonisoiions. We ore 0150 in coisvltalion on how the demogrophlcs of future students will change In respc>n5e lo the emerging Unlversil¢J strotegy. In the development of o letlings servtce for 5tvdents and the considerolion of poteniiol secondoru troding Ocllvity ond OSSOCiQTted risks. the Students Union estobllshed o seporoie trodlng enterprise In November 2015 through which it conducts Its soclol enterprise buEiness with the commvnity. Thi5 15 0 limited componu. wholly owned by the chority, the occounts vf which hove been consolldoted in thi5 report. Poge 14 Stafford5hire Students, Unlon (formerly Stoffordshlre Univer51ty Students, Uni¢n) Trustses, rèport (continued) for the year ended 31 July 2025 REMUNERATION The Trustees consider the botsrd of trustees ond the 3 Senlor Monogers os comprlsing the key monugement personnel of ihe chorlly in chorge of directing ond controlling the chorlty and runnlng and operollng the chorlty on o doy-to-day basis, All Irvslees give o* thelr time freely ond no iruslee remuneratlon was paid in the yeor, In line with the constitution ond democrccy of the Sludenis Unlon. fovr of ihe irustees ore elected io perftsrm the éutles of full-tlme Executlve Officers. providing representation of student issues to the Students, Union. University ond wider soclely. For this role they ore remunernted. ot'o rale equivcilent to the medion sobbollcol 501ory. o¢ross the sector. ond Incremented in Ilne with the cost-of-living owards applied to it5 5toff by the University eoch yeor. Detoi1s of Trustee expenses ond related p.tsrty tronsoctians ore dlsclosed In note 11 ond Note 25 of the ovdited occounls. These relole to the co-operotion with the university (the primory fvrtder ond londlord) ond to the ownership by the Students Univn of the subsidlory troding compony (Slaffordshire Stursents Unlon Enterprises Llmlted), ond Its chorged supply of support seNlces to the componu. Trustees ore required to disclose.oll relevont interests ond reglster them with the Flnonce Monoger ond. tn occordoDce with the thorltu's Good Governonce Policy.. withdrowing from or)y decision r¢￿kIng where u etsnflict of interest could orise. The poy of the chorily's Senlor 5toff Member Is increosed in octordonce with Joint Negoiioilng Commlttee for kligher Educolion Cost of LSvino owords (2'_5Y. deferred Implemefiltttlon from Augusl 2024 to April 2025)- In view of the notvre of ihe chority und ils ecortomy of operotions. the trustees consider thot o mtjltip.le of vp to 2.5 the medion solory for UK employees 15 opp¢opriate far Ihi5 rDIe.. The remvnerallon is olso bench-morked with chorities of a simllor slze ond aCtIVity to ensure thol Ihe remunerotion set is foir ond not out of line yiith thot generolly poid lor slmilor roles The rotits comporing the highesi full-time solory tts the lowest fvll-timè solorg Is 3,3 10 l. The overoge rotlo lor orgortisolior)s WIt￿n the not-lor-profrt sector with 100-250 employees is 7.0 101 (People Covnt Third Sector report 2022)- Po9e 15 Staffordshire Student¥ Unlon (fcrmerly Starfordshire Unlverslt'y Students, Unlcn) Trv5tee5' report (continued) for the year ended 51 July 2025 EXTERNAL AFFILIATIONS Under the Education Act 0994) the Unlon is required lo report to its rnember5. on on onnu(Jl bo55s. all current external affiliatlons. Dvrlng the 202412025 academic yeor Ihe S1udeftts' Unlon wtss offllloled to the follovjlng orgonisotions. EXTERNAL AFFILIATK>NS Under thE Éducation A¢t119941 th* UnlDn 1$ reoylred ID report to Its members, on an afinu41 basis. all tvrr*Nt ttxtem•l ourlns the 202*t/2025 academlc yoor the 5rudonW union wa* •ftfiiare¢ 10 tho fr)Iloi¥in8 orBanisations: tlonal touncil for Volur*tary Or8•r*fjS4tlofts Ilneludéd Iti th* NUS affiiiawon feel N•tlonal Vnlon of St¥dents 1*4USVKI Membershlp N£JS Charw m￿Mb￿r$￿1p Citiiens Advice £NII El 6,640 £4,160 £311 In5t(tute Dt Money Aeyisers- Chlld Poverty Actlon Growp £63 AcIAfl Grou 2Fotlons UCCF.. Tlte Chr15tiap Uoluns ENIL Froèmasonry SoclÈtv ÉNIL Subsldl8r Affillat1otts ThR PFtsPerty Ornbvdsmèn NOtion81 Re51dential L4ndlords A5seelatio £262 £199 TOTAL Cost Qf all affillatlons In ihe year £23.?95 Poge 16 Staffordshire Studenw Unlon (fomerly Staffordshtre Urilverslty Studenisl Union) Trustee5' report (continved> for the year enijed 51 July 202S STATEMENT OF TRUSTEES, RESPONSIBILMES FQR THE YEAR ENDED 31 JULY 2025 The chorlly trustees ore responslble for prepcrlng" o TrU"ste￿, Annuol Report ond flnanciol slotements In gccordonce wllh oppllcoble low ond Unlted KFngdom Accounting StondJrds (Unlted Kfngdpm Generolly Accepted Accountln9 'Proe£lce). The law oppMcobSe lo thorities in Enolond ond Wales reoulres the chorSty Irvstees to prepore finonctol stotemonts for each yeor whlch give o true ond fair vlew of the stote of the charlty ond of the incom[r￿ resources applicollon of resource5. 01 the chafllu for thol Period, In preporlng the financlal sfotements. the trustees ore required to: selett svltoble gccounting pokles ond Ihen opply them CGnsistently. otyserve the methods ond prinoples bf the Choriiles SORP (FRS102y. make judgements ond occovntlng estlmote5 Ihat ore reosonoble ond prudent. stote whether oppllcoble UK Accouritlng Standords (FRS 102) hov6 been followed, subject lo ony r(￿tell01 depurtvres disclc¢sed ond explolned In the fÉnoncial statements. prepore the ftnanclal stotements on the golng concern bosls unless it is knoppropriots 10 P￿sume that the Chart will continue In buslnes5. The Trustees are responsible for keeping proper o¢covnting fec£irds thot dlselose with re0sori0b￿ occurocy ot ony time the finonciol posltion of the chority ond to enable them to ensu￿ thot the flnonclal stoternen15 comply ￿[h the O)orftie5 Aa 2011, the oppli¢oble Choritie5 (Accounts on¢ Reports) Regvlotlons, ond the provlslons of the trust deed. They o olso responsible fDr sofoguording the cssets .of the chorSty Q7nd toking reosonoble steps for the prevention ond detection of IroLFd and other Irregolortiles. The TrU51ees ore r.esponsible" for Ihe tnolntenonce and Fntegrlty of the charity and oll finonciol tnformollon" included ( the chority'5 webslte In occordonce with legtslutlon in the United Kingdom governlng the. preporotlon ond dlssemlnullon of finonclol statements. STATEMENT AS'TO DISCLOSURE TO QVR AUDITORS In so for os Ihe trustees are awgre ol the tlme of opprtsvlng our trustees, annuol report: There 15 no relevont Informolion. belng informotion needed by the auditor In connectkjn with p￿parIng their reporL of which the chority's Is unawar¢ of, ond The tfVStee& hoving made enquirles of fellow dlrectors ond the chori1￿5 ovditor thot Ihey ovoht to hqve Indivtduo¥y "token. ohve eoch token ull.steps that they ure obliged to toke as ¢ dlrector In order to moke themselves owcre of ony relevant audil.informatton ond io esloblish thol the audltor is awor.e of thol informolion, CONCLUSION The Trustee5 would Ilke to slncerely thank the members. volunteers. staff. und stokehoklers of Stoffordshtre Stvdefii Union. not least the Vniverslty of Staffordshtre. who oll provide on Involvoble contrtbvllon to the ongoln9 svcces5 u￿1 .developmenl of the UnlorL Approved by order of the members of the boord of Trvstees ond signed on their beholf by.. Pre ious luchukwu Ogbein Presidenl of the Students, Union Oote,. 22 October 2025 Poge17 Stoffordshlre Stvdent5' Unlon (fornierly Staiiord¥.l?Ire University Studenw Unlon),. Independent audltors, r¢pgrt to the Members ctf Staffordshire Studentg Unlon (formerfu St'offordshlre unIver￿tY Students, Vnlon) Opinion We hove oudlled the flnancictl 5totements of Stoffcsf*Jshlre Sludents, Union (formerly Stoffordshlre Unlvérslty Stvdents, Unlon) (the 'porent chorlly) and Ms sub￿dIarreS (th¢ 'group? for ihe Jjeor ended 31 July 2025 which comprlse the consolidoted stotement of financlol octivitses. the consolldored btslonce sheet, the charlty bolonce *heet. Ihe consolidtted stotément of cash flows ond the r¢loted notes. In(lyding o svmmory of swJnificoni a¢covntlng pollcles. The finonciot reportlng fromework Ihat hos bèen opplied In ihdr preporotlon Is appllcoble l¢Jw cnd United kingdt)m covnling Stondurdx Inclvding Flnondal Reporting St¢Jndord 102 Tr Flnonciol Reportlng Stondord applicable In the UK ond Republic of Ireland, (UnFted Khgdom Generolly Accepted Accountlng Pm¢tlceJ The flnqncigl stotements hove been prepored In occordonce with Accountlng ttnd Reportlng by Chorltles preporlng Ihelr occounts lo oceDrdonce wlth the Fln¢nclal Reporting Stondords oppli¢oble In the VK ond Republic of Ireland (FRS 102) in preference io the kcountlng and Reportlng by Chorities Stotement of Recommended Pmctlee Issued on 1 Aprll 2005 whlch Is referred to its thè ￿ont regubtlons but hos been withdrow This hos been done In Drder for the occounts to plovlde o'trtje ond falr vlew ln accDrdonce with the Generollu Accepted Accovntlng Proctice effective for reportlng periods beglnnlng on or ofter 7 Janvory 201S. In our oplnlon the linonclol stotèments.. glve o irue ond foir vlew of ihe stote of the GroLJP'5 Qnd of the porent chorlty's offoir5 Q$ ot 31 Jiily 2025 ond of the Grovp's irfcoming resources and oppllcclScn tsf resources. Irlcludinglts inco'me ond expendstvre for the yeor then ended: hove been properly prepared in accordance wSth Unlled Klngdom Generclly Accepled Accountlng Proctlce: und hove been prepored In occordonce wlth the ￿Quire￿ntS of the Cha"rltEs Att 2011. 8asl$ f¢r opinion We condvcted ovr oudlt in occordonce wth Internotionol Stondorés on Audltlng (UK) (ISAS (UK)) ond appllcoble low. Our responsibillties under those stondords offt funher descrlbed In the Avditorg responsibillties for the tsvdit of the financlul stoternents sectlon of our feport. We ure independent of the Group In occordanc.e wlth the elhlcol reqvlremenls thct ore relevant to OL*r ¢udlt of the flnanclcl stotements In the Unrted Klngdom, includlng the Fln'tsnclol Reporting Councll's Ethi¢ol Stondcrd. ond we hove fullilled our oth'er ethlcol responslbllitles In accordance wlth these reouirements. We belleve thot the audlr evicfence wè hove obtolned 1$ suffldent ond cpp"roprlote to provlde o bosls for our opinion. Page 18 St¢fford$hire Studentg Union (formerly Stoffordshlre University Studenw Union) Independent audttors, report to the Member$ of StoffOrd$hire Students, Union (formerly Stofford5hire UAiversity Students, Union) {¢ontinued) Canclusions relating to golng concern In ouditing the financlol slotements. we hove concluded that th¢ Trustees, use of the gDing.concern bosis of. ac¢otsntif)g In the preparotion.of thè finonciol slolemen151s oppropriote. Bo5ed on the work we hove performed. we hove not Identlfled ony moteriol uncertalnties reloting to events or condillon5 thot. individuollu or collectively. moy cast signrficonl doubt on the Group's or the porent chority's obility to continue 05 0 going concern for o period of ot least twelve months from when the flnonciol stotemènts ore outhorised lor issue. Our re5pon5ibilities otid the responsibilities of the TrU￿ee$ wilh resp.ect ro golng concern ore descrlbed In the relevonl seciions of thls repori. Other information The other infofmQtion comprises the informotion inclvded In the onnuol report other thon the flnonciol stotements and our ouditors, report thereon. The TrustFe5 are fesponslble for the other informDti¢n ctsntained within the onnulll report. Our opSnlon on ihe finonclol stotements does not cover the other information ond, except to the extenl othern￿Se explicitly stoled In Dvr report. we do not express Uny form of assurance conclusion thereon. Our responsibility Is to read the other Informotion ond, in dolng 59. consider whether the other Inlorrnation Is moleriolly inconslstent wlth the flnanciol siotemenls or otjr knowledge abtoined in the course of the ouc5it, or otherknitse 0￿pearS to be morertollu misstoted. If we Ideniily such moieriol inconsislerteles or opporent moteritsl misstotemer>ts. we ore required to determine whether this g*ves rise to o muleriol misslotefflenl in the flnoncial 5totements themselves. If. bosed on the work we have perfotmed. we conclude Ihot there Is a moterlal misstatement of rhls other tnformotion. we are required to report thot fact. We have nothing to report Sn this regord. Matters on whtth we ore requlred to report bu exception We hove nothing to report in respect of the followlng motters where the Chorilies (Account5 and Reports) Reoulolions 2008 requlres u5 tu report to yov if. In L)ur opinlon- the informotion glven in the Trvstees, feport Is inconsistent in ony moteriol respect with the financlol slot?ment5'. or the parent chorily hos not kept sufficlent occountirng re¢orc15'. or the parent chorily finonclal siotemenls ore not in ogreement with the OCCDvnling records ond ielvrns., Of we hcsve not re¢eived oll the Information ond explanations we reqvire for ourfjudil. Poge19 Stoff"ordshlre Studehts, Unlon (formerly staffordshire University Students, Union) Independent aLtditors' report to the Members of Staffordshire Students, Unlon (tomierly Staffordshlre Unlversity Studènts, Un%on) (Gontinued) Re5ponsibillties of trusteés As expl¢ined more fvlly In the trustees, responslbSlllles st+Jternent. the Trustees are responsible for t￿,e preparolion of the finonciE)l stotements which give o rrue and folr view. ond for such internal control os the Trtsstees determine Is oece5$0ry to enoble the preporolion of f inonciol stotements thot ore free Irom moteriol misslatemer*l. whether due io fraL*d or error. In preporlng the linonciol stotements. the Trustees ore responsible for osse551ng the GroLlP'S and the parent charlty'5 oblllly io continue os a going concern, disclosing. os opplicoble. moiters reloted to going concern oftd using the golng concern basls of occounting unless the Trustees either intend to liquidote the Group or the porent charlly or to cecse operotitsns. or hove no realistic oliernotive but to do 50. Audltors, résponstbillties for the oudit of the finonrial 5totements We hove been appointed os auditor under gection 151 of the Choritles Act 2Q11 ond report In occc)rdonce wlth the Aer ond relevonl regulotions mode or howng effect thereunder. Our oblecllves ore to obtC51n reosonot>le ossuronce obout whether the finvnclol 51atements Os o whole 0￿ free from moierlol miSStoterr)eni. whether due to fraud or error. and to 15sue ttn ouéitors, report that includes our opinion. Reasonable assurance ig a high level of ossuronce. but is not o guorantee thost an oudll conducred In occordance with 15As (UK) will o71woy5 detect a materiol misstotemenl when it exlsts. Nisstutemenls can tsrlse ffom frovd or error and ore onsldered moteriol It, indivlduolly or in the og9reoeie. th¢y could r2050nobly be expected to influence ihe econofftic decisions of usefs taken on Ihe basis of these finanaol slotements. Irregulorltles. including I roud. ore instoncès tsf non-corllpliance with lows and regulutlons. We deslgn proredures in line wlth our responsibilitses. Qutlined obove, to delect malerlal migslatements In respect of irregvlorities. includlng froucs. The extent to which our procedure5 ore copoble of detecting irregvloritie5. including fraud Is detoiled below.. Our opprooch to idenrifylng and ossessing ihe risks of molerlal mlsstolement In respett of irregulorltie5. including fruud ond non-complignce wilh laws and regvlation5. wos as follow>. the senior stotuforu oudilor ensured thoi the engogement teom ¢ollect*vely had the dpproprioie competence. capobllltles ond sk*lls to identify or recognise non-complionce with opplicable lows ond regulotlon4 we Identified the lows ond regulotlons opplicoble to the chorltu through discussions with trustees ond other manogemenl. ond from our commerciol knowledge end experience of ihe sector., we focused on specific lows ond regulotlons which we consldered moy hove o dire¢t moteriol effect on the linonclol stotements or the oper¢)t*ons of the chorlty, including the finonciol reporting legislotion, Charlties Act 2011. toxotion legisl0r￿n. onii-bi-ibery. employment. ond environmentol ond health ond sofetu legtsloiion., we ossessed the extent of complionce wÉth the lows ond regulotion5 identif led obove through mokiTrg enquiries of mon¢gement ond Inspectin9 legol correspondence.. ond identified lows ond regulotlon5 were commvnicoied iviihin the oudit learn regulorly and the teom remolned olert to In5tonces of non.c¢>mpliance Ihroughout the oucsll, Poge 20 Staff¢rdshtre Studentg union (lormerly Staffordshlre University Studèntg Union) Independent auditors, report to the Member5 of Staffor¢J$hlre Studefttsl Union (formerly. Staffardshlre University Students* Unlon) (continved) We ossessed the suscepiibS1ity of the Group ond Chorlty's finer)ctol stotements to moteripl m15Stotement. induding ¢btolning an understcndlng of how fraud might occur. by= moklng enqulrles of rnanogement os lo where they considered there was 5usceptlbility lo fro¥d. Ihelr knowledge of. actvol. suspected ond alleged froud,. considering the internol controls In ploce to rnitigaie tlsks of froud ond non-compliance with lows ond regvlotions, To oddress the risk of frovd through monogemenl blos ond override of controls. we.. performed onolytlcal proceolures to *dentity ony unusuol or unexpected relotionshlps,. le5ted lournol enfries lo identify unusual ironsocllons.. assessed whether judgemenls ond ossumpllons made In cletermfnihg the occaunllrvj estlmotes set out in Note 2 wEre indicotlve of potenriol blus. ond Invesligoted the rotitsnole behind significoni ¢ir unvsvol Ironsocllons. In response to the risk of Irregulorilie5 and non-compllonce with lows ond regulolion5. we deS￿￿ned procedures whith Included. bul were not Ilmiled to.. agreeing f inoncial stolemenl disdosures to uhderlyin9 SUPPOrting documentotion". reoding the minutes of meetin9s of those chorged with governonce.. enquiring of monogement os to octuol ond potentiol litigotion ond clolms.. or reviewing Corresponderk￿ ivlih HMRC. relevont regvloiors end the group ond chority s le901 odvlsorg. Becouse of the inherent limitotlorng of OfE oudit. there is o risk thot i￿e will not detecl all irfegtslttrlties, induding thtyse leodlno to o matefiol mlssiolemenl In the linonciol stalemenls or non-complionce with regulollon. This risk increoses the more thot complionce wiith o low or regul(3iion is removed from the events and Ironsoctiorns reflecled in the fin¢nciol Sto1ements. os ive wlll be less likely lo become ttvlore of tnslonces of non-compSionce. The rtsk is 0150 greeter iegordlng Irregularities occurrlng due to froud rother thon error. os frotsd involves inlentlonol concealmenr. forgery, collsjsion. omisslon or misrepresentot¥on. A further description of our respon5ibililie5 for the oudil of the fincnc.loi stotemenls is locoted on the Flnonciol IRepc>rtlng Council's website o1= w.fr uditors ibilities. This descfipiion forms port of our ouditors, report. Ftsge 21 Staffordshire Students, Unfan (fornierly Staffordshlre University Students, Union) Independent ouditors, report to the Members of Stoffordshlre Students, Unlon (formerly Stcffordshire Unlyerstty Studen1s' Uniort) Ccontinued) Vs9 of cur report Th15 repory is mode solely lo Ihe charity's trustees. 0$ D bodu, Ir) tsecordan¢e with Port 4 of the Charities {Accounts ond Reports) QegulatlDns 2008. Our oudit work hos been undertaken 50 thot we might stgte to the chority's trustees those motters we are required to slote to them In an ouditor5' report ond for np oiher purpose. To the fvlle5t eytenl permitted by low. we do not occept or ossvme responsibllltu to anyone other Ihan the charity and Ils trustees. os a body. for our avdit work, for this report. or for the oplnlons we hove formed. Dalns Audit Limitod Slolutoru Auditor Chtsrtered Accounton15 Sulle 2, Albion HoL*se 2 Eirurlo Office Villoge Farge Lane Stoke on Trent Staffordshlre ST15RQ 22 O¢tober 2025 Dolns Audlt Llmlted ore ellgiblè to ¢Cf 05 ouditor5 in terms of section 1212 of the Companies Act 200.6. Poge 22 Staffordshire Students, Vnion {fonxÈrly Staffordshlrè Unlverslty Studentg Union) Consolldated Sidtèment of finan¢lol uctlvltles for the yeor ended 51 July 2025 Unrestricted f unds 292S Aestrlcted funds 2025 Total fund5 2025 Total funcls 2024 Note Income from: Qonolions cnd legocies Choritable octivities 1.134,600 85.084 1.217.684 1228,54.9 1.398,177 55.045 1.453.222 1.531,389 Lellings ond other income 126.575 126.375 126.547 29,250 32.639 Investments 29.250 158.129 2.826.531 2.918.924 Totol Income 2.688.402 Expenditure on: Letlings and other expenditure Choriioble octivllies 92,073 92.073 102.217 2,816,764 2.908.903 2,673.193 143,571 Total expenditure 2,765.266 143.5n 2.908,837 3.011.120 Net movement In funds (76,864) (5,442) (82.506) (92.196) Reconclliotion of fuftds- Total funds brought forword Nei movement in funds (21.768) 69,910 48,142 140J38 (76.864) (5,442) (82,306) (92.196) Total fun¢$ carrled forword (98,652) 64,468 (34.164) 48,142 Poge 23 Sttiffordshire Stud¢ntl Union (fori7ierly Stoffordshlrè Universtty Students, Union) Con$olldcJted bolance sheet As at M Julu 2025 2025 2024 Note Fixed assets Tongible 055etS 12 9.335 24,109 9.335 24,109 Cvrrent Ossets stocks 14 55.255 42,77 Oebtors 52,574 73.409 Cash ol bonk oncl in hond 919.951 993.340 1.027,730 1,109528 Cvrrent Ilobilities Creditors". omounts folllqg due within one yeor 16 049.369) (131.866) Net current ossots 878,411 977.662 rotol assets less current liabilities 887.746 1.001.771 Credltor5'. omr)unts folling due ofter more Ihcn one yeor 17 (921,910) (953.629) Total net assets (34,164) 48.142 Chortty fvnds Restrlcled funds 18 64.468 69,910 Unrestrirted fund5 Unrestricted funds excluding pension liobillly Pension reserve 18 854,997 958.002 18 (953.629) 1979,770) Totol unrestricted fund5 18 {98,632) (21768) Totol fvnds 134,164) 48,142 Poge 24 Staffordshire Studentsl Union (formerly Stafftsrdshire Universlty Stvdents, Vnlon) Consclidoted bolonce sheet (continued) As at 31 July 202S The financiol.stotements i4ere approved and authorlsed forlssue by Ile Tru5tee5 ond slgned on their behalf bu.. Pre ious Oluchukwu Ogbei President of the Students, Union Dote.. 22 October 2025 Reoistered nvmber.'1175330 The noies on poges 29 to 50 form pcrt of these financlal stotements, Poge 25 Staff¢rdshire Swdents. Union (formerly Staffords'hlre University Studentg'unlon) Chtsrity Statement of finonclal position As at 31 July 2025 2025 2024 Note Flxed assets Tongible o55et5 Investments 12 9.335 24.109 13 9.336 24.110 Current assets Stocks 55.255 42.779 Oebtors 15 82.769 92.846 Cash ot bonk ond in hand 877.025 954,583 1.015,049 1,090.208 Current liabilitiès Creditors,. amounts fallin9 due within one year 16 (156,659) 012,S47) Net cvrrent assets 878.410 977,661 Total assets les5 current Ilobilltles 867.746 1.007.771 Credltors.. omounts falling due ofter more thon one yeor 17 (921.910) (953.629) Total net asset$ (34.164) 48.142 Chority funds Restricted funds 18 64,468 69.910 Unrestricted funds un.restricted *Jnds excludiftg pens',on liobility Pension reserye 18 854.997 958,002 18 (955.629) (979.770) Totol unrestr¥rtecI funds 18 (98,652) (21,768) Totcl funds <34,164) 48,142 Poge 26 Staffordshire Stvdents, Union"(.formerly Staffordshlre Unlverslty Students, Union) Chority Statement of finuneiol position (continued) As at 31 July 2025 The charity's nel movement In funds for the yeor wos £(82J06) (2024 - £(92.196)). The finonciol statements were approved and ovthortsed for is5ve bu the Trustees ond signed on thelr behalf ky,. Preciovs luc ukwu Ogbeln Prewdent of the 5tudenlS' Union Dote: 22 October 2025 RegIsle￿d number. 1173350 The note5 on po9es 29 10.50 form port of these linoncitil stotement5, Poge 27 Staffordshlre Students, Unlon {fonnerly stafftsrd5hire Unlverslty Students, Union) Conselldcted statement of cash flows for the year erKled 31 July 2025 2025 2024 Cash flows from operating octlvitles Net cosh v5e& in operoling oclivitles (75,389) 049.951) Cash flows from investing a¢tlvities Purchase of tongible fExed assets (9.615) Net cosh provided by/{u5ed In) Investing actfvltles (9.615) Ccsh flows fram fin¢ncing octlvities Net CQ5h provided by financing octlvitie5 Change in cush and cash *quivolents in the year (73.589) 059,564) Cosh ond cosh equivolents ot the beginning of the uecr 993.540 7,152.904 Cash ond cash eqyivalonts ot the end of the yeor 919.951 993.540 The notes on pooes 29 to 50 form port of these finonclol stotements Poge 28 staffordshire Students, Unlan (formérlu Staffordshire Unlversftu Student* Vnion) Note5 to the flnancial statements for the year ended 31 July 2025 General information Sioffordshire Students, Unlon Is a Choritoble Incorporotecf Orgoni5ation (CIO). registered nvmber 1173350. The CIO is registered In Englond ond Wales ond the registered offlce Is oi Colleoe Rood. Stoke.on-Trent, Stoffordshire, ST4 2DE, The Chaiity hos no shore capitol. A¢countlng pollcles 2.1 Basis of preporation of finunciol statements The financial stotements have been prepored In occordonce with the Chorflies SORP (FFIS 102) - Accovnling ond Reportlng bu Chorilies: St(?ternent of Recommended Proctice opplicable to charliles preporlng their occounts in occordonce with the Financlol Reportlng SEandwd applictsble in Ihe UK and Republic of Irelond (FRS 102) (effectlve l Jonvory 2019). the Finonciol Reporting Stondard opplicoble in the UK ond Hepubllc of Irelond (FRS 102) and the Charities Act 2011. The financial statements hove been prepored to give o 'trve ond ftsir, view ond hove deported from the Chorities (Accounts ond Reports) Regulotlons 2008 only to the extent requiunts hove therefore been prepared on o going concern bosis. The Tru5tee5 hove fevSewed ihe 9fOUP'S finonc¢s constdering ihe cvrrent climate and consider cash holdlnga to be sufficient to ensure adequote cashflow for the forese¢able fvture. Page 29 Stoffordshire StudenW Union (forinerlu Stuffordshlre UnlversEty studen￿ Unlon) Ntstes to th¢ f rtan¢lol stgtements for the year ended 31 July 2025 Accountlng policie$ (eontlnued) 2.5 Inc¢)me All iycome is recognlsed once the charity hos enritlemeni to the income. It is pffoboble tI￿t ihe Income will be recelved ond the amount of income receivoble con be me05ured reliobly. Gronis ore Included In ihe consolidoled stotement of flnoncial qctivlties on a receivable bosis. The bolance of income received for specific purposes but not expended durlng the period is shown In the relevtsnt funds on the bolonce sheet. Where Income Is recelved In advonce of entitlEtnent of recelpt, its recognltion Is deferred and included in credltors 05 deferred income. Where entitle'ment occurs before Income is received, the Income is occrued. On recelpt. donoted prDfessionol servlces and focilities ore recogni5ed on the bosis of the valve of the glft to the chorily which Is the ornounl it would have been ivllllng to pay ta obtoin servlces or facilities of equivalent economlc benefii on the open morket: o corfesponding omount is then recognised In expenditvre in the period of receipt. O#her Income is recognlsed in the period in which il is receivoble ond to the extent the gaods hove been provided or on completion of the service. 2.4 Expendlture Expenditure is recognised once there 15 o legol or constructive obllgolion to tronsfer economlc bénefit to o third partgi, It Is prot>oble Ihot o transfer of Koftomlc benefiis wlll be requlred in setilewent ond the tsmount of The obligorion con be meosured reliably. Expendilvre is clossified by oclivitu. The costs of èoch activlly ore Made up of the lotDI af direct costs ond Sha￿d costs, including support Costs involved in vndertoking eoch Crtl￿tU. Dlrect costs ottribvtoble to o single octivily are allocated dlrectly to Ihot ocllvlty, Shared costs which contribute to more than one octl￿tY and 5UPPOrt costs whlch are not 0ttrlb￿tob1e to 0 single octivily ore opportlop.ed beiween those octivities on o basis consistent With the use of resources. Centrol staff c05t5 are allocoled on Ihe bos15 of tlme spent. ond deprecltstion ¢hurge5 oIIoc¢7ted on the portion of the ossel's use. Expendlture on ro151ng funds InclL*des oll experldllure Incurred bu the Group to rolse funds for Its charitable purppse5 and includes costs of oll fundrolsing octivltles events ond non-choritoble trading. Expendityrg on choritoble octivities is incvrred on direcllu vnderiuking the octivlties whlch further the Grcup's objectives. os well os ony cssocioted support costs. All expenditure is inclvsive of irre¢ovErob5e VAT. 2.5 Government grants Government gronts relotlng to longible fixed 055els are treoled as deferred Income ond released to the con501idoted statement of finonciol artlvlties over the expected u5efyl lives of ossels concerned. Other gronis ore credited to the consolidoted stotement of financiol octivltles os the reloted expendlture Is incurred. Poge 30 Staffordshire Students, Union (formerly Staffordshlre Unlvérsity Students, Uhlon) t4otes to the financialtstatements for the ueor ended 51 Jvly 2025 Accounting policles {¢ontinued) 2.6 Tax(rtioTr The chority is consldered to poss the tests set out in Porogfoph I Schedvle 6 of the Flnance Act 2010 and .therefore 5t meets the definitlon of o cboritoble compony for LIK corporotlon tax purposes. Accordingly. the chority is potentially exempt from laxotion in respect of income or copitol gjins recelved withln cotegofies covered by Chopter 3 Port 11 of the Corporollon fox Act 2070 or Seclion 256 of the Toxolion of Chorgeable Goins Aci 1992, to the ertenl Ihot such income or golns or¢ ppplied exclL*sivelu to chorltoble purposes. 2.7 Tangible fixed assets and depreciation The de minimis level for the copltolisallon of tonglble fixed assets Is £l.OQO which Ufe recognised wheft fvlure economic benefits ore proboble ond the cost or volue of the asset con be meosvred reliobly, Tangible f*xed assets ore initiolly recognised ot cost. Aftèr recognition. under the cost model, tangible fixed ossets ore meosvred ot cost less occumvloted depreclotion and ony occvmvloted impolrmenr losses. All costs Inrurred to bring a tongible fixed ossel into Ils Intended working condition should be included In the meosurement of c95t. At eoch reporting dote the charity 055esses vihether there is ony indlcolion of impoifmènt. l* such inditolion exlsts. the re¢tsveroble omovnl ol the osset Is deterrTiined.to be the higher of lis foir volue less costs ro sell .¢nd its volve in use. An impolrmenl loss is recognlsed whef e the corrylng omount exceeds the recoverable omouni. Depreclation is chorged so os to ollocote the cost of lon9ible flxed assets less their residual value over thelf e5tlmoteé u5elul Ilves. usin9 the straioht-line method DepreciaTion is provided on the following bosi& 25%- 33% per annum Fixtyres ond fittings The ossets, residuol volues. useful Ilves and deprecicrtion methods are rèvlewed. ond odjusted prospectively if opproprlote, or if there is on Indicoiion of o stgnlficont chonge sln¢e the lost reporting dole. 2.8 Investments Investments in subsldiories ore valued ot cost less provisicn for impoirment 2,9 Stock5 Stocks ore volued 01 the lower of cost ond net reolisoble volue ofter moking clue ollowance for obsolete ond slow-moving stocks. Cest Inclvdes oll dlreci costs and on oppropriote proportion of flxed ond worijble overheods. Poge 31 Staffordshire Studenw Union (fornierly Stafferdshlre Unlverslty Students, VnEon) Notts to the finonciol stotements for the year Ènded 51 July 2025 Accoufttlng policies {ctsntinued) 2.10 Financlal instruments The Grovp onlu hos flnonclol ossets and Ilnanclol Iiabillties of o klnd that quoiify 0$ boslc finonclol Instruments. Boslo finonc.ial in5tro+ments are initially recognlsed ot tronsottion value ond subsequenily meosured ol Ih¢lr settlement volue w%th the exception of bottk lotsr￿ which ore SL*bseqvently meosured at amcirli5ed co51 using th¢ effective interest method. Dèbtttr$ Trede ond other debtors off recognlsed al the 5ettlerrieTrl omovnt ofter trode dlscount offered. Prepayments are volued at ihe omount prepoid nel of ony Irode rflscotjnts due. Cosh ot bank and In hand Cosh ot bonk Dnd In hond Includes eosh and short-term highly liquid Inve51ments with o short motvrlty from the d(rte of atovisition or opening of the deposit or simllor account. Liabllltles ond provislons Llobilltles ore recognised when there is on obligotion ot the Yolonce sheet date os D result of e post event. Is probable Ihot o transfer of economle ber)efit wlll be required irt settlement. ond the omovnt of the geltlement eon be estimoted reliobly. 2.11 Penslons The Unlon contributes to *hÉ StudÉnfs Unlon Superonnuotlon Scheme (SUSS) whlch Is a deh'ned benefll penslon scheme which is externolly funded ond contracted out of the Stote Second Penslon_ The fund is valued ot lecst every three years by o professiontslly qualifieo independent actuory with the rotes of conlributlon poyoble belng delerfflined by the tryslees on the odvice of the actuary. The scheme operoles os o pooled orrongemenl, with contrlbvtlons pold ot o ¢entr¢lly ogreed rote. The finoncial statements reflect ot lair volue ihe assets and liobilities orising from the Union's retiremeNt benefit obligtstlons and ony reloted fundirg. The operoling costs of providing rellrement benefits lo employees ore recognlsed In the cJccounling perlod{s) In which the benefits are eorned by the employees. ond the reloted finon¢è eosts ond any other chonges value of ihe ossets ond liobllities ore recogn15ed In the occovnling periods in whlch they orlse. The Union olso outo-enro115 employees into the Notlonol EmploymEnt Sovlngs Trust (NEST). on Independenily rvn defined contribution scheme. cnd portlcipates In the Aegon money pvrchose scheme whlcFt. Is aecounted for os o defined contribution Scheme. Poge 32 Stoffordshlre Stvdentg Union (formerly Staffordshlre University Students, Union) Notes to the finoncial stotement$ tor the year ended 31 July 2025 Aceountln9 policles (¢ontinued) 2,12 Fund accountin9 General funds are unreslrlcted funds which ore ovolloble for Use ol the discretlon of the Trustees in furtherance of the genertsl objecllves of the Grovp and which hove not been designoted for other purposes. Reslrlcied fvnds ore funds which ore to be vsed in occordonce with speciflc restrictlons imposed by donors or which hove been roised by the Group far porticulor purposes. The costs of rolssng ond odmin15tering such funds ore chorged ugoinsl the specific fund. The ond use of each restrlcted fund is set out in the notes to the finonclol stotements. Crlticol accountin9 estimotes ond oreas of judgment Estimotes and jud9ments ore continuolly evoluoted ond are bosed historicol expprlencè or)d oiher. foctors, Induding expectotions of future eyents thol ore believed t¢ be reosonable under the ¢.Ircumstonce& Crilicol oc¢ountinQ eslSmgte5 ond ossumption& The chority mokes esllmotes ond 0s￿mptIonS concerning the futvre. The resultlng occounling estimotes oné ossumptions wlll. by definition. seldom equol the reloted ottual results. The estimoles and ossumpllons that hove o slgnificont fisk ol eovsing o moleriol adjustment to the corrying omounts of ossets ond liobllilies ¥Yithin the next finunciol yeer ore di5cvssed below. <￿) Useful ecortomlc Ilves of tonglble ossels The annvol depreclolion chorge for iongible fixed 05sets is sensllive lo chonges In the eslimoted useful economlc Ilves and resldugl volues of the ossets. This is r￿aSsesSed onnuolly ond omended t¢ reflect current e5timoies. bosed on technological odvoncemenl, future Inve5trnents. economic ulilisgtiot) ond the phu5ical condilioi) of the assels. (li) Pension deficII contribvtion The chority hos entèred into o commllment lo prowde deficlt fundlng to the Students, Unilin Stsper¢innuotlon Pension Scheme. of whlch It ts o contribubng employer.. Under FRS 102, the foil valve of the commitment is recognised. Thè colcvlation of the falr volve of the Commitment is wbject to on ossumption of the discount rote. The éigcovnl rote ￿ determined by reference 10 morkel uields Ot ihe repcrtlng dote Qn hlgh quolity corporate bond& See note 24. .(iil) Donoliorn of faclllties by Vniversity of Sioffordshii'e In occordtsnce i￿1th the Ch¢rlties SORP FRS 102. the Unlon hos volued the benefit it re￿iVeS from occupying 3,088,50 sqm of focilities owned bu the Universi1U on o renl-free bosls. ot Ihe trustees, esllmote of morkel volue (£98 sqm) ot £502.600 (2024 - £302,600). Po9e 33 Staffordshlre Students. Union If¢>merly stoftordshlre University StLJdenW Union) Notes to the flnonclal statement5 fof the year ended 31 July 2025 Criticol accounting estlmutes and oreas of jvdgment (continued) (Iv) Support costs ony of Ihe costs incurred by the Union such as supptsrl staff costs ond Ser￿Ce costs are shorerj between octivlties. The Union'5 policy is to ollocole these costs on the basis of assessed consumption. Subsidiory trading company Stoffordshire Students. Unlon owns IO0% of the Issued ordlnory shore copltol of svbsldiory, Stoffordshlre ¢tudents' Unlon Enierprlses Limlred. Companu number 09849741. The Subsldlary wo5 incorporoied on 30 Ociober 2015. Ils ioxoble proflls are donoted lo the Union. A summury of the subsidiory's Iruding fesulls is shown below. The net ossets of Staffordshlre Stvdents, Union Enterprlses Limited at 31 July 2025 omouited to £1 (2024 - £1). 2025 2024 Tvrnover 126.575 126,547 Adminislrotive expenses InTeresi recelvoble ond similor incorne (92,075) (105.061) 347 394 Glft old dontttlon ,649) (23,88D) Income from donatlons ond legacies Unrèstrlctèd funds 2025 Re5trlcted funds 2025 Total funds 2025 Doriollot)S 502,600 302,600 Granrs 832.000 832.000 Slmilar incoming resources 83.084 83.084 1.134.600 83.084 1.217.684 Page 34 Staffordshire Stvdentg Unlon (formerly Staffordshire Unlvèrslty Stvdentg Unlon) Notès to the f inonclal statements for the u¢or ended 31 July 2025 Income from donations and legocles (eontinued) Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Donotlons 302,600 832.OQO 302,600 B52.000 Grants Similor Incomlng resources 93.749 93.749 1,134,500 93,749 1.228.349 Income from charitable octivtties Unre5tritted funds 2025 Restricted funds 2025 Total funds 2025 183 Advlc¢ ond representotion 183 6.162 6,162 55.Q45 Olher income 55.045 Clubs ond societles Venues & retail .1.391.852 1.591.832 1.398,177 55.045 1,453.222 Poge 35 Staffcrdshire Students, Union (formerly Staffordshlre Unlversity Studètrt¥ Union) Notes to the financlal statements for the yeor ended 31 July 202$ Income from chorltable octivrties (continued) Unrestricted fvnds 2024 Restricted funds 2024 Totol funds 2024 Advlce ond represenlotion other income 135 133 7,053 7.053 Clubs ond socielles 57.359 57J59 Venves & retoil 1.466,844 1.466.844 1.474,Q30 57.359 1.531,389 Anolysls of e%pendltvre on charltoble attlvlties Summary by fund type Unrestricted funds Restrlcted fvnds 2025 Total 2025 2025 Advlee ond represertt¢tion Venves & retoll 353.8S3 83.084 436,937 1,688.908 1.688,908 Employobilily. oct1i4ty & skllls Compoigns and communicotions Clubs & societies 168,685 1S4,924 168.685 154.924 4.223 6D.487 64,710 Provislon of spcce 302,600 302.600 2.673.193 143.571 2.816.764 Poge 36 stoffordshlre Students, Vnlon (formèrly Staffordshirè Uttlverslty Stvdents, Union) Notes to the finonclal statements forthe yeor ended 31 July 2025 Analysis of èxpenditure tsn ¢horitable actlvlties {cantrnued) Symmcry by fund type (continved) Unrestricted funds 2024 Ae5trlcted funds 2024 Totol 2024 Advits ond representalioft Venves & retoil Employabllily. oclivity & skllls Compoign5 ond communlcotions Clubs & socleties 281,939 99.992 381.931 1.844.740 181,231 149.437 1,844.740 181.231 149.437 48.964 4.134 44.830 Provislon of spoce 302.600 502.600 2.764.087 144.822 2.908.905 Summary bu expenditure typè Stpff costs 2025 Depreciutlon 2025 Other Costs 2025 Totgl 2025 Advice and represenlotion 34B207 88,730 43&957 Venues & retoil Employobllity. ocrivitu & skllls Compolgns ond communlcations Clubs & societles 726,674 14.774 947,460 1.688.908 127,781 40,904 22,896 168.685 131028 154.924 2.590 62.120 64.710 Pfoviston of spoce 302.60D 302.600 1.537.280 1,464,710 1816.764 Poge 37 StaffordshirÉ Students, Union (fo'rmerly St"¢JtfDrdshlre Unlverslty Students, Union) Notes to the finantlal statements for the year ended 31 Jvly 2Q25 Anolusis of expenditure on charitable uctlvltles (continued) Summary by expenditure type (contSfiued) Stoff costs 2024 Oepreclatlon 2024 Other costs 2024 Total 2024 Advice and representation Venues & retoll 267.394 201 174,356 381.931 887.7Q3 16.535 940,S02 1.844.740 Employability, adlvlty & skills Compoigns ond commvnicotions Clubs & socieiies 133,085 48.146 181,231 J24.467 24.970 149.437 2,540 46.424 48.964 Provlslon ol space 302.600 502600 1,415.189 16,736 1,476.978 2.908.903 Atwly5is of expenditvre by activitie5 Activities underlaken dlrÈrtly 2025 Suppt costs Total funds 2025 2025 Advlce op,d represeytotioo Venues & retoil 317,889 119.048 436.937 1,575,155 773.755 1.688.908 Ernployobility. 0ttSvitu & skills Compoign5 ond communicotlon5 Clubs and societies 141,466 27219 22,889 168.685 132,035 154,924 60.4S7 4.223 64,710 Provislon of spoce SD2,600 302,600 2,227.032 589.732 2,816.764 Poge 3 Stoffordshire Stvd¢nts' Unlon {formèrly Stoffordshire Unlversfty StLidentg Union) Notes to the finonciul stateménts for the year ended 31 July 2025 Anolysls of expendlture by a¢tivities (continued) ArtlvStie$ undértokèn directly 2024 Support eosts Total funds 2024 2024 Advi￿ and representollon Venue5 & reroil 265.381 116,550 581,931 1.844.740 1,753.573 154.583 111,367 Employablllty. ortlvlly & skills Compolgns ond commvnlcotlons Clubs ond socleties 26.648 181.231 127.028 22,409 4.154 149,437 44,830 48.964 Proviaion oFspoce 302,6DO 502.600 2,525.195 583.708 2.908,903 Analysis of support costs Total funds 2025 Total ftsnds 2024 Stoff costs 176.091 172.437 Oepreclotion Provlslon of spo Indirect Iroding Finance & odmlnistrotion Other 5UPPOrt costs Development Governonce cost5 - auditors remunerotlon 201 302.600 302.600 403 380 7.662 13.466 24.126 25.780 63.911 14.919 56,369 12.475 589,732 585,708 Poge 39 Stoffordshire Students, Vnlon (formerly Staffordshlre Unlver5R¥ Students Unlon) Notes to the flnancial statements for the year Ènded 31 July 2025 Auditors. remuneration 2025 2024 Fees poyable to the chorittys ovdiior for the ovdlt of the chorlty s onnuol occounls 15,400 14,850 10. Stoff costs Grovp 2025 Group 2024 Chèrity 2025 Charity 2024 Woges cnd solorles Sociol securlty Costs Contrlbutlon te deflned centribulion pÈnsiDn schemes 1,225.367 1,329.192 1.165,953 1.255.009 91.155 82.909 85.895 77,703 92.637 88,094 87.432 82,477 1.409,159 7.500,195 1,357.280 1.415.189 No severance Pckymenls were mode In the current yeor (2024.. £7,650 made to l eniployee). The overoge number ol persons employed bL4 rhe chority dvrlng the year wos os follows.. Grovp 2025 No. Gr¢vp 2024 No, Monogemeni ond odminlstrotion Student sloff 35 39 64 99 150 No employee recelved remuneroiitsn omovntlng to more than £6Q,QOO In either yetsr. Key monogement personnel ore cop.sidered to be anyone who has authority ond responsibllity for plonning. direcllng and controlling the Ocivlties of rhe chority. Durlng the yeur, key monogement personnel received remunerolion of £299,099 (2024 - £296,166). Poge 40 Staffordshlre Students, Union (formerly Stoffordshire Univer51ty students, Union> Notes to the finandcfl statements for the yèor ended 31 July 2025 11. Trustees, remuneroticn and expenses Durlng the yegr. Trustees recelved remvnefotlon of £97,902 (2024: £80.249). Each of the Exeeutlve Committee's sabbotlcol officers received remunerotlor) 0$ outhorised In the Uni¢)n governing document for th¢ repre5entotir)n. compolgning and support work they vndertoke os dlslinct from their trustee respon5ibilitles. During the yeor. 5 (2024- 5) sobbolical officers were pald os ollowed. Ovring the ueor ended 31 July 2025. expenses totolling £65 were relmbursed or pold dlreclS¥ to l Trustee (2024- £99 to 1 trvstee). 12. Tongible fixed ossets Group Fixtures ond fittings Cost or voluotlon At l Augvst 2024 572.671 At 31 Julu 2025 372.671 Depreootion At 1 August 2024 Charge for the yeor 348.562 14.774 At 31 Jvlu 2025 J63.336 Net book value At 31 Julu 2025 9,335 At 51 Julu 2024 24,1D9 Page 41 staffordsfvire Students, Union {formerly Staffordshire Unlversity Students, Union) Notes to the flnancial statements for the ye*Jr ended 51 July 2025 12. Tongible flKed assets (contlnued) Churitu Fixtures Ejnd fittlng$ Cost or vgluotion At l August 2024 568.851 Al 31 July 2025 368.851 Depreciation At l August 2024 Chorge for the yeor 344.742 14.n4 At 31 July 2025 359.516 Net book value Ar 31 July 2025 9.535 At 31 July 2024. 24.109 Page 42 Staffordshire Studentsl Unlon (formerly Staffordshire Univer&'ty studèntg Unlon) Notes to the finonctal statements for the year ended 31 July 2025 13. Fixed osset investments Ur)Itsted Investments charity Cost or valvation At l August 2024 At 31 July 2025 Net book value At 31 Julu 2025 At 31 July 2024 100% of the Issued shore copiiol af Sloffordshire Studenlg Unlon Enierprlses Llmlled is held by the Chafity. Sloffordshire sI￿dents, Ljnion Entefprises Limited's principol octivity are the odvontement of edvcollon b providing ond managing occomodatron for students of the University. The Compony 15 regislered in Englon ond Its compony nvrnber is 9849741. 14. stocks Group 2025 Grotsp 2024 Charity 2025 Chority 2024 Flni5hed goods and goods for resale 55.255 42,779 55.255 42.779 Poge 43 Staffordshlre Studentsl Unlon (fomierly Stafford$hlre Universlty Students, Unlon) Notes to the flnanool stotements for the year ended 31 Jvly 2025 15. Debtors Group 2025 Group 2024 chorltu 2025 Charltu 2024 Trode debtors 23,418 11.640 22.089 6,795 Amotsn15 owed by group vndertokings Other debtors 35.081 27.506 11.272 10.922 8.412 8.758 Prepoyments and occrveol Income 17.684 50,847 17,187 49.789 51574 75,409 82,769 92.846 16. Creditors: Amounts folling due wlthin one yeor Group 2025 Group 2024 Chority 2025 CharFty 2024 Trode credltors 20,558 50.165 22.709 20.558 22,709 Oiher toxtstion ond s¢clol security Other creditor5 33,219 30.120 73,219 56,858 49.146 S1.146 45.g53 Accruols ond deferred Income 41.808 46,792 34.815 32,666 149.369 131,866 136,639 112.547 17. Creditn reserve <1.014,823) (979 770) 87.125 2.767,816 (2,866,298) OQ,411) (21,768) Restrlcted funds Clubs ond 50cietles 57.381 57.359 (44.830) (46.755) 69.910 Dlgliol Insrituie Fund';ng Project Income Internationol Co-ordinolion 6.243 40,512 (10.411) 10.411 18,237 C18.237) (35.000) Stoffordshire Co-ordinotion 35,000 53.213 151,108 (144.A22) 10.411 69,910 Total of fvnds 140.338 2.918,924 (3,011,120) 48,142 Poge 46 Staffardshire Students, Union (ftsrmerly Stoffordshlrt Unisiersity Students, Union) Not¢s te the financtal stotement5 for the yettr Ènded 31 July 2025 19. Analysts of net assets between fvnds Analysls of n¢t assets between funds- current year Unrestrlrted funds 2025 R¢strldÈd funds 2025 Total fUnd5 2025 Tcngible flxed ossets C￿￿ent ossets C.red5tors dve ivlthln one year C￿dItorS due in more thon one ueor 9.335 9.335 1.027,780 ¢149.369) (921,910) 963312 64,468 (149269) (921.910) 64.468 (54,164) Total (98.632) Analysls G! net ossets between fvnds . prlcr ueor Unrestricted f unds 2024 RE5tricted funds 2024 Totol fundg 2024 Tanglble fixed ossets Current 05sets 24.109 24.709 1.039.618 (131.866) (953,629) 69.910 1,109.528 031.866) (953,629) Creditors due within one yeor Creditors dve In more than one yeor (21.768) 69,970 48.142 Total Poge 47 stoffordshlre Studènts, Union fformerly Stoffordshtre Unl¥erslty Studentg Unioti) Nctes ta the financlal stotèments for the yeor ended 31 July 2025 20. Reconclliotion of net movement In f und5 to net cash flow from operatlng a¢tlvEtles Group 2025 Group 2024 Nel expendilvre for the yeor (as per Stolement ol Flnanclol Activities) (82,306> (92,196) Adlustments for.. Oeprecloiion chorges ( Increo75e ) /Decreose In stocks Decreose/(increose) fn debtors Increose/(Decreose) In creditor5 (Decreose)/lncrease in pension deficil fvnding liablllty 14.774 16.945 (11476) 20.835 2,171 23.198 11.925 (72,361) (27,708) (26.141> Net C05h v5ed in operating octlvities (73.389) {149,951) 21. Anolysls of cosh and cash Èqiilvolents Group 2025 Grovp 2024 Cosh in hand 919.951 993.540 Total cash ond cash equivalents 919.951 993.340 22, Anolysls of chonges It¢ net debt At 1 August 2024 At 31 July 2025 Cash flows Cash ot bank ond In hand 993.340 (73.389) 919.951 995340 (73.389> 919.951 Poge 48 Staffordshire Students, Uni¢n (formÈrly Staff¢rdshlre University Students, Union) Notes to the flnanclal stotements for the yeor ended 31 July 2025 23. Contingent liabillties HMRC Is currently challenglng the opplicotion of the colering concession by students Unien5 il they consider the esloblishmenl to be a pub or bor. Wh1151 the Unlon belleve51i hos complled with she conce55ion in oood foith. the subjective noture OF the irtterprelolion of the concession could meon thol HMRC toke o different vlew ond meons Ihot on accvro'te estlmotion ol ony poientlol lioblllty cannot be made. 24. P¢nsion tommitments SUSS Scheme (closed t¢ future uccrval in 2011) The Union portlcipotes in the SiudÈftts' Unlon Superomuailon 5¢heme. whlch Is o defined benefit scheme whose membershlp.consists of ernF￿0Yee5 of students. unlons tsnd related bodies throughout the CaL*ntry. 8eneflts In r￿Pect of seryice up ta 30 september 2003 gre occrued on a -finol solary" bosis. with benefits In respect of serrfice from l October 2003 accruing on 0 Coreer Aver(KJe Revolued Eornings (CARE) bosis. Wlth ef*ecf from JO September 2011 the Scheme c105ed lo futvre oc.crvol. The most recent Voluotion of the Entire Scheme w05 corrled OL5105 ot 30 JL5ne 2022 ond showed that the market volue of the Entire Sch'eme's ossets was £106,700.000 with these ossets represeniing 44% of Ihe value of benellls thot hod accrve(I to members ufter ollowino lor expected Ivture Increases in earning5. The deficit on an origoln9 fundlng b0515 omounted to E136,600.QOO. The ossvmptlon5 whlch hove the most slgnificont effect vpon the resu11s of the Voluotion ore those ￿1011￿9 to the rote of return on Investments and the rotes of Increose In 501ories and pensions The followlng assumptions opplied ot 30 June 2022-. The reltJrn on investment would be 4.0% per onnum before ond 2.0% per onn*Jm ofier retirement PenslDns occrving on the CARE basis would revalue at 3.6%. Present ond future pensions would Increose Ot rotes specified by Scheme rules where opproprioie where these ore depertdenl on inflotlon. The 2022 valuation recommended a monthly ctsnirlbulion requirement by eadi partlcipollng employer expressed in monetary lerms to cleor the ongoin9 funding deficit over a period 0114 yeors oTrd' will Increose at 5% por year. These contrib*JtlOF￿ 0Sso incltjde on ollowonce for the eosl of the on90ing odmln15trotive ond operotionol expenses of running the s¢heme. Thesè rotes applied from 1 October 2025 ond wlll be formolly rewewed following the completion of the nexl voldolion dv¢ with on effectlve dole of 30 Jvne 2025. Surpluses and deficits which orise with fvtvre valvotions wlll olso imputt on the Union's future coniribv'tion commitment. See Noies 16 ond 17 for the liobility recoonlsed under the currently ooreed deflcil funding plon ?XPTring Sepiernber 2057. Liobilittes ore Shown on c discounted present volue b05is. In odditlon to the obove contributions, thè U.n(on poys its share ol the scheme's levy to the Penslon Proiectlon F.vnd. The toiol contrlbutlons poid into the Scheme by the UniDn in respecl of eligible employees for the year ended 31 July 2025 omounted to £NII (2024 Nill Additionol contributions toivords the scheme deficit cmtsunied to £79,716 (2024 £75.921). Poge49 Stoffords￿re Stvdents Unlon (formerly Sta"ffordshire Universlty Students, Union) Notes to the flnandal statements for the year ènded 31 Jvly 2025 24. Pensicn c¢mmltments (continued) Aegon Schen?e The Unlon olso portlcipate5 In the Aegon m¢ney purchase scheme ond the NEST schemq which ore both occounted for os dellned contribution schemes. The tolol contributions poid into these two Schemes by ihe Unlon in respect of eligible employees for the yeor ended 31 July 2025 omounted to £92.637 (2Q24 - £88.094). 25. Related party transo¢tions stoffordshlre Stvdents, Unlon Entèrprlses Llmked The wholly owned subsidiory. Stoffordshire Students, Unlon Enterprlses Llmlted. 15 Inclvded wlthln the consolidated ¢JccO￿nls The Unlon poid for expenditure on behalf of the svbsldlory In the yeor and the svbsidlory mode a gift old pa¥ment of £54,649 t2024 - £23.880) to the Unlon. Ai ihe end of the yeor the Union were owed £34.649 (2024 - £27,506) by Stoffofdshire Students, Union Enierprlse5 Umlled University of Stoff¢rdshire Stofford5hire Studenis, Union is on independent body C>perotlng separately from the Unlverslty of Sioffordshire. but the two entities work together clogely, primarlly ihe Chority's income is derived from the Universlty. The Trustees ore ol the opinion ihot ihis financiol ossistonce 15 not on Influencino foctDr wlth regord5 to the formulotion of Union pollcy. nor does it hove ony effect on the inlernol mpnogement decision moklng of the Union. Sloffordshlre Studernts, Unlon Is in recelpt of a Block Grant of £832,000 (2D24 £852.000). There wo5 on additional gront provided by the Unlverstty for project support of £83.084 (2024 - £93,7491 Durin9 the yeor the Llnion mode purchoses totollino £NII (2024 - £1.148) from the Universlly ond mode sales to*olling £39.758 (2023 £98,502) to the University. In accordonce wtth the Chorltles SORP the volve of bulldings ond servlces ore detemiined oi morkei volue. The Stvdent Union occvples its building on o rent-free bosls. DDnated services hove been included In boih income ond expendii¢Jre in respect of this for £302.600 (2024 - £302.600). At the end of the yeor there was o debtor owed to the Union from the Unlver%ty for £21,281 (2024 - £6,346). Other reloted parti￿ are the Sobboticol Offlcers ond Trustees as detoiled in the Tru5tee5' report, Details of remunerolion recelved by these indivlduols ore shown in note 11. Remuneratlon of key monogement per50nne1 is shown in note 10. Poge So