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← Union Of Brunel Students

2025-07-31-accounts

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

CHARITY NUMBER: 1173492

UNION OF BRUNEL STUDENTS

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

Page
Reference and administrative information 1
Board of Trustees’ report 3
Auditor’s report 11
Statement of financial activities 14
Balance Sheet 15
Cashflow statement 16
Notes to the financial statements 17

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

Administrative information

Charitable Status : The Union of Brunel Students is an incorporated charity established under the Education Act 1994. The Union is registered with the Charity Commission under the s.11(9), Charities Act and is constituted as a Charitable Incorporated Organisation (CIO), Charity Number 1173492.

Principal Address

Kingston Lane Uxbridge Middlesex UB8 3PH

Chief Executive Craig Lithgow

Charity Trustees

Charity Trustees Charity Trustees
2024-2025 2025-2026
Education and
Welfare Officer *		 Vishal Parihar Education President* Abhishek Ghawate
Education and
Welfare Officer *		 Rana Nauman Ishfaq Welfare and Inclusion
President*		 Rana Nauman Ishfaq
Education and
Welfare Officer*		 Deepak Yadav Student Activities
President*		 Nafee Khan
Community Living
Officer*		 Himanshu Lamba
Student Trustee Tasnim Malik Student Trustee Tasnim Malik
Student Trustee Erica Brackenbury Student Trustee Erica Brackenbury
Student Trustee Muhammad Siddique Student Trustee Muhammad Siddique
Student Trustee Manthan Vagadiya
External Trustee Arun Sharma External Trustee Arun Sharma
External Trustee Jo Gregory-Gallagher External Trustee Jo Gregory-Gallagher
External Trustee Gurpreet Virk External Trustee Gurpreet Virk
External Trustee Peter Smallwood

*denotes full-time sabbatical

Senior Management Team

Craig Lithgow Chief Executive Richard Lines Chief of Operations Francesca Stirling Head of Communications and Student Engagement Ruth Sharma Head of Support and Student Representation Rebecca Richardson Head of People and Compliance

Auditors

Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

Bankers

HSBC PO Box 41 High Street Uxbridge UB8 1BY

Solicitors

Blandy and Blandy 1 Friar Street, Reading Berkshire RG1 1DA

Solicitors (licencing)

Poppleton Allen 37 Stoney Street The Lace Market Nottingham NG1 1LS

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES ' REPORT

The Charity Trustees present their annual report for the year ended 31 July 2025, which includes the administrative information set out on page 1, together with the audited financial statements for that year.

Structure, Governance and Management

The Union of Brunel Students (‘the Union’) is structured by its Constitution & Governing Bye-Laws. The Union is a democratic student led organisation which exists to represent its members to the University, the media and to other external organisations and bodies such as the National Union of Students. In addition, we provide key support, various welfare services and a variety of sporting, cultural and development opportunities for all our members. Student democracy lies at the heart of all that we do but alongside this, we are a ‘not-for-profit’ organisation with all surpluses generated from various commercial activities committed and invested into providing and improving our services to our members. We are a registered charity primarily funded by an annual block grant to help us ensure that we can work together to provide a diverse and exciting array of support, services and development opportunities for the mutual benefit of our membership.

The three Sabbatical officers (Student Officers) are annually elected and mandated to create and set union policy whilst also contributing strategically to the direction and membership lead of all union activity. The Trustee Board, which is currently made up of the three Student officers, three elected Student Trustees and three External Trustees have responsibilities for the financial and legal compliance of the Union. The various members of staff employed by the Union are so employed to help, support and advise the officers so that they can fulfil their specific duties within their various roles/portfolios and have where appropriate full designated responsibility for operational delivery and organisational management.

Charity law requires the Trustee Board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Union and of the surplus or deficit for that year. In preparing the financial statements the Trustee Board is required to select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The Trustee Board must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Union will continue to operate.

The Trustee Board is responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Union. It is also responsible for safeguarding the assets of the union and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Key Management remuneration

The remuneration of key management personnel is set by the Board, with the policy objective of ensuring that they are provided with appropriate incentives to encourage enhanced performance and are, in a fair and responsible manner, rewarded for their individual contributions to the Union’s success. The appropriateness and relevance of such remuneration reviewed annually, including reference to comparisons with other Unions to ensure that the Union remains sensitive to the broader issues of pay and employment conditions elsewhere.

Relationship with Brunel University

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UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES’ REPORT

The relationship between the University and the Union is recorded in the regulations of the University and detailed in the Union constitution; both approved by both organisations. This relationship is legally complied by a Memorandum of Understanding, where both parts agree on the terms of the partnership. The Union receives a block grant from the University and part-occupies a building owned by the University. Various Union Officers hold seats on several University governing committees, including University Council and Senate, thus ensuring the voices of students are represented at the top-level meetings. There is no reason to believe that any sort of support will cease to exist from the University for the foreseeable future not only due to the imposed duty as outlined in the Education Act of 1994 on Universities safeguarding Student Unions, but also due to the healthy working relationship which exists and constantly is being developed between the University and the Union.

Risk Management

The Trustees have undertaken to examine the major risks that the Union faces. That review is an integral part of the annual planning cycle. The Union has, and continues to develop, systems to monitor and control these risks in order to mitigate any impact that they have on the Union and its operations.

The principal risks and uncertainties currently facing the Union are considered to be:

Our plans and strategies for managing risk include maintaining effective internal controls, risk registers, incident-reporting and monitoring systems and insurance cover wherever appropriate.

Method of appointment of Trustees

The governance and management of the Union is the responsibility of the Trustees who are elected or appointed under the terms of the constitution. Student Officers are elected annually for a one-year term, and able to serve a second term if re-elected. They provide invaluable insight from their own experiences as a student and their daily interactions with the management of the union and the university.

Independent Trustees apply and are appointed by the Student Assembly following recommendation from the appointment committee, for a term of up to three years and can serve a maximum of two terms. Our Independent Trustees provide wider skillsets and experience from outside the Student Union. Student Trustees apply and are approved by the appointment committee to be put forward for election by the membership. They are elected for a period of up to two years and can serve a second term if re- elected. The Student Trustees provide valuable experience and insight as current beneficiaries of union activities.

Upon appointment all Trustees are briefed on their legal obligations and other Trustee responsibilities. All Trustees receive an induction information pack which includes their role and responsibilities, their legal responsibilities, historical and current information about the Union, information on its Strategic Plan and how to deal with potential conflicts of interest.

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES ' REPORT

Key Challenges and activity in 2024-25

This year saw huge challenges as the Higher education sector saw significant drops in overseas students which had significant influence at Brunel which has higher than average international students enrolled. The resulting drop in income in the millions of pounds compounded by already existing structural pressures forced the university into accelerating its planned restructuring of academic and professional services. Much of the Union’s focus was on ensuring the outcomes of those restructures didn’t negatively impact existing or future student cohorts. The Union grant was lower than in 2023-24 and the restructuring discussions were heading towards another inevitable cut in grant funding in 2025-26 leading to us reducing our full time officer pool to three and downsizing our staff team through natural attrition. The drop in student numbers also contributed to declining income streams through our core commercial services.

Despite these significant challenges we still provided a vast and diverse range of activities, support and funding to our students and student led groups, some of our highlights include;

University restructuring

We worked hard this year to ensure student voice shaped the University’s major restructure of professional services: we sent two formal letters to senior leaders raising key concerns, including the proposed removal of counselling and lack of senior oversight of campus security We met regularly with University leadership to challenge decisions and push for student-focused outcomes. We facilitated a Q&A session between the Chief Operating Officer and Student Assembly to increase transparency.

Key wins for students:

Counselling provision was retained following our intervention—two counselling roles will now supervise trainee counsellors, ensuring continued access to trained mental health support. Security Operations Manager role reinstated, addressing our concerns about campus safety and the need for appropriate senior leadership in this area. Graduate School staff increased, improving support for research ethics and postgraduate researchers. A new Student Experience Coordinator role created to strengthen joined-up support for students across services. A new UK Recruitment and Widening Access Manager was added, following concerns about how the restructure would affect access and participation.

Student Voice

Top Highlights:

Key Stats & Impact:

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES ' REPORT

Election engagement

Top Highlights:

Key Stats & Impact:

Advice Service

Top Highlights:

426 students supported so far this year and we maintained strong satisfaction with 89% of students recommending the service.

Impact:

Licensed trade business

Top Highlights:

Impact on Students:

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES ' REPORT

Student Opportunities – Student led groups, Events, Trips

One Brunel UK Student Trips Programme:

Organised eight sold out day trips to UK cities including Brighton, Bristol, Oxford, Cambridge and Windsor. Trips were student-led on the day by 16 Brunel Volunteers, who gained skills in leadership, communication and coordination while managing attendees and liaising with drivers. These trips gave students the chance to explore the UK, helping tackle weekend loneliness and meet a key request from past student surveys.

Cultural Celebrations – One Brunel Events:

We are one of the UK’s most international universities and we made sure to celebrate this! This year, we delivered 18 One Brunel events, bringing students from different cultures together to share their traditions and celebrate diversity. Among the highlights were our largest-ever Holi Festival and Lunar New Year celebrations. These events helped students build lasting friendships, and strengthen the Brunel community

Active@Brunel Adventure Sessions:

Expanded to include off-campus activities like padel tennis, ice skating, and Go Ape. A total of 148 student participants joined these sessions – providing alternative ways to get active while discovering new experiences.

HR & Compliance

Top Highlights:

Impact:

Social Media Performance (Sept–May: 2023/24 vs. 2024/25)

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES ' REPORT

@brunelstudents Instagram:

Team Brunel social:

TikTok:

STRATEGIC REPORT

Our Purpose

Every student Thrives at Brunel

Our Mission

To positively impact our members’ university experience through:

  1. High quality, value for money services

  2. Championing and challenging the student voice

  3. Supporting and growing Inclusive and welcoming communities

Our Values

Following member engagement research key challenges were identified including:

The trustees have set the following as priorities.

Democracy

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES’ REPORT

Responding to Feedback

Support Functions

Employability

Financial Review

The Union’s gross income from all sources this year totalled £3,112,344 (2024: £3,140,570), the decrease being predominantly from one off additional grant income in the prior year. Total expenditure was £2,826,749 (2024: £3,195,878) due to careful cost control during the year. The surplus before the movement on the pension deficit was £285,595 (2024: deficit of £55,353) whilst overall, the financial year 24/25 ended with a surplus of £67,491 (2024: deficit of £313,693).

Reserves level and policy

The reserves total at the end of 2025 was negative £1,614,333 (2024: negative £1,681,824), comprising unrestricted reserves of negative £1,716,952 (2024: negative £1,816,024) and restricted reserves of £102,619 (2024: £134,200).

Excluding the pension deficit, total free reserves at the end of 24.25 was £753,696 (2024: £644,123). This figure includes the deduction of tangible fixed assets the union holds totalling £37,349 (2024: £44816).

This current reserves level and policy in place meets both the Charity Commissions guidelines and the Audit teams requirements for an adequate level and policy. However, this will be reviewed during the 25/26 financial year to ensure that reserve levels are not being held beyond what is both reasonable and prudent.

Custodian Activities: Clubs’ and Societies’ Funds and the annual RAG

The Union acts as custodian for funds raised by the students’ many Clubs & Societies themselves, amounting to £110,351 (2024: £110,367) at the year-end, in addition to the grant-support funds it disburses to them as shown in the accounts.

The Union is also custodian of the annual RAG proceeds from fundraising events organised by the students under the Union’s auspices for distribution to the intended charities. Funds raised by this year’s RAG

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BOARD OF TRUSTEES ' REPORT

amounting to £8,264 (2024: £7,852) less costs of £96 (2024: £40) were added to the undistributed balance of £542 (2024: 5,956) from the previous year, out of which £6,106 (2024: £13,266) was distributed among the charities nominated by the respective fundraising societies, leaving a balance of £2,604 (2024: £542) in hand for next year’s RAG. No funds have subsequently been donated after the year-end to charities. The remaining cash funds are held by the Union.

Future Funding

The Charity Trustees confirm that the Union has sufficient funds to meet all its obligations. The core Block Grant for 2025/26 has been confirmed at £1,171,510 plus a further £230,825 in respect of the SUSS pension scheme deficit payments and the associated PFF Levy. A restricted grant of £157,590 has been agreed to facilitate free sport club memberships and free Active@Brunel fitness and introductory sports sessions for staff and students on campus. Additionally, catering compensation of £119,848 and other smaller grants of £70,227 have been agreed with the University.

TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

The law applicable to charities in England and Wales, requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping accounting records that are sufficient to show and explain the charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

08 January 2026 Signed: …………………………………………………………………. Date: Cr.933046ACACD34A7... Clawebre

Trustee: Abhishek Ghawate, Education President

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2025

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE UNION OF BRUNEL STUDENTS

Opinion

We have audited the financial statements of Union of Brunel Students (the ‘charity’) for the year ended 31 July 2025 which comprise the statement of financial activities, the balance sheet, cash flow and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2025

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE UNION OF BRUNEL STUDENTS

whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE UNION OF BRUNEL STUDENTS

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken, so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and charity’s trustees as a body, for our audit work, for this report or for the opinions we have formed.

Shoaib Arshad (Senior Statutory Auditor) For and on behalf of:

Knox Cropper LLP Chartered Accountants & Statutory Auditors 65 Leadenhall Street, London EC3A 2AD Date: 18 January 2026

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR (including income and expenditure account)

Note
INCOME:
Donations:
-
Grant income
2
Other trading activities:
-
Advertising and marketing
Investment Income
Charitable activities for students:
-
Bar, catering and commercial
-
Entertaining
-
Societies and clubs
-
Other
TOTAL
EXPENDITURE ON:
Raising Funds:
-
Advertising and marketing
Charitable activities for students:
-
Advice, welfare and representation
-
Student activities
-
Bar, catering and commercial
-
Entertaining
-
Transport
-
Societies and clubs
TOTAL EXPENDITURE
3
Increase in pension deficit
Net income/(expenditure)
Transfer between funds
15
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
TOTAL FUNDS AT 1 AUGUST 2024
TOTAL FUNDS AT 31 JULY 2025		 Unrestricted
Funds
2025
£
1,788,857
54,472
9,189
401,924
124,666
6,250
15,828
2,401,186
-
378,527
425,352
990,917
53,819
-
418,288
2,266,903
(218,104)
(83,821)
182,893
99,072
(1,816,024)
(1,716,952)		 Restricted
Funds
2025
£
495,672
-
-
-
-
215,327
159
711,158
-
6,814
2,148
5,004
272
-
545,608
559,846
-
151,313
(182,893)
(31,581)
134,200
102,619		 Total
Funds
2025
£
2,284,529
54,472
9,189
401,924
124,666
221,577
15,987
3,112,344
-
385,341
427,500
995,921
54,091
-
963,896
2,826,749
(218,104)
67,491
-
67,491
(1,681,824)
(1,614,333)		 Total
Funds
2024
£
2,406,188
92,360
6,194
423,478
141,239
60,693
10,418
3,140,570
23,679
689,059
293,222
921,551
300,774
-
967,593
3,195,878
(258,385)
(313,693)
-
(313,693)
(1,368,131)
(1,681,824)

All income and expenditure has arisen from continuing activities.

Pages 17 to 28 include the Notes to these accounts.

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UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

BALANCE SHEET

2025 2024
Note
£ £ £ £
Fixed Assets
Tangible Assets 7 37,349 44,816
Current Assets
Stock 8 26,279 26,279 24,446 24,446
Debtors 9 82,733 82,733 51,110 51,110
Cash at bank and in hand 895,770 770 826,719 719
1,004,782 1,004,782 902,275 902,275
Creditors: Amounts falling due within 10
one year (361,864) (123,952)
Net Current Assets 642,917 778,323
Creditors: Amounts falling due in
more than one year
Pension scheme funding deficit 12 (2,294,599) (2,504,963)
Total Assets Less Liabilities (1,614,333) (1,681,824)
Funds
Restricted 15 102,619 134,200
Unrestricted (1,716,952) (1,816,024)
(1,614,333) (1,681,824)

Pages 17 to 28 include the Notes to these accounts.

The financial statements were approved and authorised for issue by the Board of Trustees on and signed on the 11/12/2025 on their behalf by:

Signed: …………………………………………………………………. Date: 11 [lak933046ACACD34A7... Awol.[th] December 2025

Trustee: Abhishek Ghawate, Education President

Registered Company Number: 1173492

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

STATEMENT OF CASHFLOWS

2025 2024
£ £
Cash flows from operating activities
Surplus/(deficit) for the financial year 67,491 (313,693)
Adjustments for:
Depreciation Charge 30,498 36,923
Interest Received (9,189) (6,194)
(Increase)/Decrease in stock (1,833) 8,105
(Increase)/Decrease in debtors (31,623) 59,123
Movement in pension deficit funding liability 3,034 258,385
Increase/(Decrease) in creditors 24,514 (54,781)
82,892 (12,132)
Cash flows from investing activities
Interest receivable 9,189 6,194
Purchase of tangible assets (23,031) (11,399)
(13,842) (5,205)
Net increase/(decrease) in cash and cash equivalents 69,051 (17,337)
Cash and cash equivalents at 1 August 2024 A 826,719 844,056
Cash and cash equivalents at 31 July 2025 A 895,770 826,719
A) Components of cash and cash equivalents
Cash at bank and in hand 895,770 826,719
B) Analysis of changes in net debt
Cash and Cash Equivalents
At		 1 August
2024		 Cashflows
Non-Cash
Changes		 At 31 July
2025
Cash 826,719 69,051
-		 895,770
826,719 69,051
-		 895,770

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Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

1. ACCOUNTING POLICIES

The Union’s principal activities are campaigning, representation, provision of social activities and the organisation of sporting and recreational activities and opportunities. Union of Brunel Students is a charitable incorporated organisation (CIO) registered in the UK (Charity registration number 1173492). The address of the principal office is Cleveland Road, Uxbridge, Middlesex, UB8 3PH.

a) Basis of preparation of financial statements

The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared under the historical cost convention. They have been prepared in accordance with applicable United Kingdom accounting standards, the requirements of the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP FRS 102 second edition), in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011.

b) Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. In forming this opinion, they have considered the long-term impact of the current economic challenges and the context on both its income and expenditure for at least a period of twelve months from the date of approval of these financial statements.

c) Income

All incoming resources are included in the Statement of Financial Activities when the Students’ Union is legally entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Students’ Union where this can be quantified, and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to investment income or Gift Aid donations is recognised at the time the relevant income is receivable.

d) Expenditure

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, which cannot be directly attributed to particular activities, have been allocated on a basis consistent with the use of the resources.

17

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Governance costs are those incurred for compliance with constitutional and statutory requirements, such as the annual audit, annual elections and training for sabbatical officers. The value of free serviced campus accommodation is apportioned on estimated floor space occupied. Other central overhead costs are apportioned to the charity and other projects/activities on a usage basis, pro rata to the total costs of each project or activity undertaken.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

e) Tangible fixed assets and depreciation

Fixed assets are capitalised if over £500 and are stated at cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straightline basis over their expected economic life as follows:

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of 3 months or less from the year end.

g) Debtors

Short term debtors are measured at transaction price, less any impairment

h) Creditors

Short term creditors are measured at transaction price

i) Pensions

The charity participates in the Student Union Superannuation Scheme (SUSS), a defined benefit scheme which is externally funded and contracted out of the State Second Pension. The scheme is now closed to future accrual. The fund is valued at least every three years by a professionally qualified independent actuary with the rates of contribution payable being determined by the scheme trustees on the advice of the actuary. The scheme is a multi-employer scheme and operates as a pooled arrangement with contributions paid at a centrally agreed rate. As a consequence, no share of the underlying assets and liabilities can be directly attributed to the Union. In these circumstances, contributions are accounted for as if the scheme were a defined contribution scheme based on actual contributions paid though the year. Since the charity has entered into an agreement (the Recovery Plan) that determines how each employer within the scheme will fund the overall deficit, the Charity recognises a liability for the contributions payable.

18

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

The Union now operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

j) Leased assets

Rentals payable under operating leases are charged as expenditure on a straight line basis over the period of the lease.

k) Stocks

Stocks are valued at the lower of costs and net realisable value, after making allowance for obsolete and slow -moving stock.

l) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

m) Taxation

No provision is made in these accounts for tax as the Union is entitled to the exemptions available to charities provided all income is applied for charitable purposes.

n) Termination benefits

Termination benefits are accounted following a commitment by legislation, by contractual or other agreements with employees to make payments (or provide other benefits) to employees when the Union terminates their employment

o) Financial instruments

The charity holds only financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments include cash debtors and creditors. Debtors and creditors are initially recognised at transaction value and subsequently measured at fair value. Cash is cash at bank and in hand.

p) Judgements and key sources of estimation uncertainty

Judgements and key sources of estimation uncertainty are detailed in the above accounting policies, where applicable. The key sources of estimation uncertainty that have a significant effect on the

19

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

amounts recognised in the financial statements are that of the SUSS pension scheme deficit as disclosed in note 13.

2. VOLUNTARY INCOME

Grants
Block grant
Grant for rent in kind
Free sport grant
Other restricted grant
Hardship fund
SUSS pension deficit contributions
and PFF levy
External grant
Grants 2024		 Unrestricted
Funds
2025
£
1,364,328
424,529
-
-
-
-
-
1,788,857
1,825,126		 Restricted
Funds
2025
£
-
-
215,000
75,610
-
205,062
-
495,672
581,062		 Total
Funds
2025
£
-
-
215,000
75,610
-
205,062
-
2,284,529
2,406,188		 Total
Funds
2024
£
1,371,382
453,744
215,000
123,321
14,095
224,652
3,994
2,406,188

The University provides rent free accommodation to the Union. Under the Charities SORP the ‘donations in kind’ must be valued and included within the accounts. The value to the Union is considered to be £424,529 and is included above.

3. TOTAL EXPENDITURE – CHARITABLE AND OTHER ACTIVITY COSTS

Charitable activities
-
Advice, welfare and representation
-
Student activities
-
Bars, catering and commercial
-
Entertainment
-
Transport
-
Societies and clubs		 Cost of Sales
2025
£
-
-
167,242
-
-
-
167,242		 Staff Costs
2025
£
304,505
305,761
497,167
28,812
-
278,122
1,414,367		 Rent
2025
£
57,872
64,203
149,570
8,124
-
144,761
424,530		 Other
Costs
2025
£
22,964
57,536
181,942
17,155
-
541,013
820,610		 Total
2025
£
385,341
427,500
995,921
54,091
-
963,896
2,826,749

Included in the above costs is the fee for the preparation and audit of the statutory accounts or £15,618 (2024: £21,780)

20

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

TOTAL EXPENDITURE – CHARITABLE AND OTHER ACTIVITY COSTS - COMPARATIVE
Cost of
Sales
2024
Staff Costs
2024
Rent
2024
£
£
£
Activities for generating funds
-
Advertising and marketing
-
6,752
3,362
Charitable activities
-
Advice, welfare and representation
-
488,566
97,831
-
Student activities
-
186,785
41,631
-
Bars, catering and commercial
181,014
292,766
130,840
-
Entertainment
-
154,596
42,703
-
Transport
-
-
-
-
Societies and clubs
-
275,916
137,377
181,014
1,405,382
453,744
4.
SUPPORT COSTS
Usage
Staff Costs
2025
Rent
2025
%
£
£
Charitable activities
-
Advice, welfare and representation
13.63
109,085
57,872
-
Student activities
15.12
121,021
64,204
-
Bars, catering and commercial
35.23
281,933
149,570
-
Entertainment
1.91
15,312
8,124
-
Transport
0.00
-
-
-
Societies and clubs
34.10
272,867
144,761
100.00
800,218
424,530
Other
Costs
2024
£
13,565
102,662
64,806
316,931
103,475
-
554,300
1,155,738
Other
Costs
2025
£
14,669
16,274
37,913
2,059
-
36,694
107,609		 Total
2024
£
23,679
689,059
293,222
921,551
300,774
-
967,593
3,195,878
Total
2025
£
181,626
201,498
469,416
25,495
-
454,322
1,332,357

21

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

SUPPORT COSTS - COMPARATIVE
Usage
%
Activities for generating funds
-
Advertising and marketing
0.70
Charitable activities
-
Advice, welfare and representation
21.6
-
Student activities
9.2
-
Bars, catering and commercial
28.8
-
Entertainment
9.4
-
Transport
0
-
Societies and clubs
30.3
100.00		 Staff Costs
2024
£
6,752
196,490
83,614
262,787
85,768
-
275,916
911,328		 Rent
2024
£
3,362
97,831
41,631
130,840
42,703
-
137,377
453,744		 Other
Costs
2024
£
2,130
61,975
26,373
82,885
27,052
-
87,026
287,440		 Total
2024
£
12,244
356,296
151,618
476,512
155,523
-
500,319
1,652,512

5. STAFF NUMBERS AND COSTS

Wages and salaries
Social security costs
Employer pension costs
SUSS Pension deficit contribution
Total Staff Costs		 Total
2025
£
1,068,248
97,931
33,117
1,199,296
215,070
1,414,366		 Total
2024
£
1,071,550
98,098
25,284
1,194,932
210,450
1,405,382

The average weekly number of employees during the period was:

Number Number
Permanent staff 26 29
Students – term time only 25 28

One employee received remuneration of more than £60,000 in the band £80,000 - 90,000 (2024: one employee in the band £70,000 - 80,000).

The Key Management Personnel of the Union are the Trustees and the Senior Management Team, listed on Page 1. The aggregate remuneration (including employer NI and employer pension contributions) of key management personnel was £388,719 (2024: £214,343).

22

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

6. TRUSTEES REMUNERATION AND BENEFITS

Sabbatical officers are paid as authorised in the Union’s governing document, for the representation, campaigning and support work they undertake as distinct from their trustee responsibilities. This work included voicing student opinion with the University and local community, defending and extending the rights of students through petitions, etc and also organising and supporting student volunteers and service provision for them.

The total salary and social security costs for sabbatical officers in post in the year was:

Total Remuneration
£
Education and Welfare officer(CEDPS) 10,558
Education and Welfare officer(CBASS) 11,516
Education and Welfare officer(CHMLS) 28,850
CommunityLivingofficer 18,372

During the year, no trustees (2024: seven) received reimbursement of expenses totalling £nil (2024: £2,744). These expenses related to training and attendance at conferences and meetings.

23

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

7.
TANGIBLE FIXED ASSETS
Fixtures and
Fittings
£
Cost
As at 1st August 2024
313,294
Additions
8,934
As at 31st July 2025
322,228
Depreciation
As at 1st August 2024
278,666
Charge in the Year
21,018
As at 31st July 2025
299,684
NBV as at 31st July 2025
22,544
NBV as at 31st July 2024
34,628
8.
STOCK
Bar and shop stock
9.
DEBTORS
Due within one year
Trade debtors
Other debtors
VAT debtors
Prepayments and accrued income
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
VAT
SUSS pension short term liability
Accruals and deferred income		 IT and Hi-
Tec
Equipment
Total
2025
£
£
149,667
462,961
14,097
23,031
163,764
485,992
139,479
418,145
9,480
30,498
148,959
448,643
14,805
37,349
10,188
44,816
2025
2024
£
£
26,279
24,446
26,279
24,446
2025
2024
£
£
31,824
24,583
10,693
12,857
6,572
-
33,644
13,670
82,733
51,110
2025
2024
£
£
50,324
32,947
15,637
-
3,531
711
-
5,866
213,398
-
78,974
84,428
361,864
123,952		 IT and Hi-
Tec
Equipment
Total
2025
£
£
149,667
462,961
14,097
23,031
163,764
485,992
139,479
418,145
9,480
30,498
148,959
448,643
14,805
37,349
10,188
44,816
2025
2024
£
£
26,279
24,446
26,279
24,446
2025
2024
£
£
31,824
24,583
10,693
12,857
6,572
-
33,644
13,670
82,733
51,110
2025
2024
£
£
50,324
32,947
15,637
-
3,531
711
-
5,866
213,398
-
78,974
84,428
361,864
123,952
24,446
2024
£
24,583
12,857
-
13,670
51,110
2024
£
32,947
-
711
5,866
-
84,428
123,952

24

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

11. DEFERRED INCOME

EFERRED INCOME
Deferred income
Deferred income
Balance at 1 August 2024
Amount released in year
Amount deferred in the year
Balance at 31 July 2025
REDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
SUSS pension liability		 2025
£
-
-
-
-
-
-
2025
£
2,294,599
2,294,599		 2024
£
-
2,825
(2,825)
-
-
2024
£
2,504,963
2,504,963

12. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR

13. DEFINED BENEFIT PENSION SCHEME - SUSS

Union of Brunel Students participates in the Students’ Union Superannuation Scheme, which is a defined benefit scheme whose membership consists of employees of students’ unions and related bodies throughout the country. Benefits in respect of service up to 30 September 2003 are accrued on a “final salary” basis, with benefits in respect of service from 1 October 2003 accruing on a Career Average Revalued Earnings (CARE) basis. With effect from 30 September 2011 the Scheme closed to future accrual. The most recent Valuation of the Scheme was carried out as at 30 June 2022 and showed that the market value of the Scheme’s assets was £106.7m with these assets representing 44% of the value of benefits that had accrued to members after allowing for expected future increases in earnings. The deficit on an ongoing funding basis amounted to £136.6m.

The 2022 Valuation recommended a monthly contribution requirement by each Participating Employer expressed in monetary terms intended to clear the ongoing funding deficit over a period of 14 years, increasing by 5% each year. These contributions also include an allowance for the cost of the ongoing administrative and operational expenses of running the Scheme.

Full provision is made in the accounts for the total amount of contributions payable to meet the funding deficit. The provision is based on the discounted value of future contributions. The contributions payable will be formally reviewed following completion of the next valuation due with an effective date of 30 June 2025. In addition to the above contributions, Union of Brunel Students also pays its share of the Scheme’s levy to the Pension Protection Fund.

25

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

In calculating this net present value annual increases of 5% have been made and a discount rate of 5.4% (2024: 5.1%) representing the typical yield of high-quality corporate bonds has then been applied. This discount rate is higher than in the previous year and results in a higher liability than compared with the previous year. The next full Valuation of the Scheme may result in an increase or a decrease to the liability.

At 31 July 2025, the balance sheet of the charity includes a liability of £2,507,997 (2024: £2,504,963), which represents the net present value of all future contributions towards eliminating this shortfall.

14. DEFINED CONTRIBUTION PENSION SCHEMES

The Union also operates two defined contribution pension schemes. The assets of the schemes are held separately from those of the Union in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £33,117 (2024: £27,076). Contributions are accounted for as part of the Union’s unrestricted funds.

15. STATEMENT OF FUNDS

RESTRICTED FUNDS
Students’ Societies and Clubs
Hardship Fund
SUSS Pension deficit contribution
Other restricted grants
Sports Fund
SUMMARY OF FUNDS
General Fund
Pension Reserve
Restricted Funds		 Brought
Forward
2024
£
110,367
4,095
14,223
5,515
-
134,200
688,939
(2,504,963)
(1,816,024)
134,200
(1,681,824)		 Incoming
Resources
£
162,351
159
205,062
85,152
258,434
711,158
2,401,186
-
2,401,186
711,158
3,112,344		 Resources
Expended
£
(162,367)
(3,560)
(14,204)
(101,472)
(278,243)
(559,846)
(2,266,903)
(218,104)
(2,485,007)
(559,846)
(3,044,853)		 Transfers
£
-
-
(205,081)
11,922
10,266
(182,893)
(32,177)
215,070
182,893
(182,893)
-		 Carried
Forward
2025
£
110,351
694
-
1,116
(9,542)
102,619
791,045
(2,507,997)
(1,716,952)
102,619
(1,614,333)

The transfer of £205,081 from the SUSS pension deficit restricted fund to unrestricted funds is to reimburse the Union for the SUSS pension deficit contributions and PPF levy it has made during the year.

The transfer of £10,266 to the Sports Fund from unrestricted funds represents the additional costs absorbed by the Union. The Sports Fund represents the sports and societies operational funding.

26

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

STATEMENT OF FUNDS - COMPARATIVE

RESTRICTED FUNDS
Students’ Societies and Clubs
Hardship Fund
SUSS Pension deficit contribution
Other restricted grants
Sports Fund
SUMMARY OF FUNDS
General Fund
Pension Reserve
Restricted Funds		 Brought
Forward
2023
£
-
3,794
-
29,111
-
32,905
845,542
(2,246,578)
(1,401,036)
32,905
(1,368,131)		 Incoming
Resources
£
60,693
14,095
224,652
88,719
253,596
641,755
2,498,815
-
2,498,815
641,755
3,140,570		 Resources
Expended
£
(59,767)
(15,590)
-
(82,395)
(326,964)
(484,716)
(2,711,162)
(258,385)
(2,969,547)
(484,716)
(3,454,263)		 Transfers
£
109,441
1,796
(210,429)
(29,920)
73,368
(55,744)
55,744
-
55,744
(55,744)
-		 Carried
Forward
2024
£
110,367
4,095
14,223
5,515
-
134,200
688,939
(2,504,963)
(1,816,024)
134,200
(1,681,824)

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Funds
£
Fixed assets
37,349
Current assets
902,162
Current liabilities
(361,864)
Creditors due in more than one year
(2,294,599)
(1,716,952)
YSIS OF NET ASSETS BETWEEN FUNDS - COMPARATIVE
Unrestricted
Funds
£
Fixed assets
44,816
Current assets
768,075
Current liabilities
(123,952)
Creditors due in more than one year
(2,504,963)
(1,816,024)		 Restricted
Funds
£
-
102,619
-
-
102,619
Restricted
Funds
£
-
134,200
-
-
134,200		 Total
Funds
2025
£
37,349
1,004,782
(361,864)
(2,294,599)
(1,614,333)
Total
Funds
2025
£
44,816
902,275
(123,952)
(2,504,963)
(1,681,824)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - COMPARATIVE

27

Docusign Envelope ID: F7C637BB-70F2-4852-BB96-E6821260AD79

UNION OF BRUNEL STUDENTS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE ACOUNTS

17. CONTROL RELATIONSHIP

The Union is controlled by the Board of Trustees which is subject to democratic election by the voting membership of the Union. The ultimate control of the Union is vested under the constitution in the membership in the General meeting. As such no single person or entity controls the Union.

18. RELATED PARTY TRANSACTIONS

The Union is in receipt of a recurrent grant from Brunel University of £1,364,328 (2024: £1,371,382). A further grant of £215,000 (2024: £215,000) has been received to facilitate free sport club membership and £205,062 (2024: £224,652) was received as a contribution to the SUSS pension deficit payments. Smaller restricted grants are made as the need arises; in 2025 these totalled £75,610 (2024: £141,410).

In addition, the Union occupies ins building on a rent-free basis under an informal license subject to the Union maintaining the building in a good state of repair. A notional value for rent in kind is included in the accounts and amounted to £424,529 (2024: £453,744).

The Union received catering compensation from the University of £116,358 (2024: £113,520). This is included within the University Grant.

The sabbatical officers of the Union are members of the Trustee Board and receive remuneration for their services are provided for in the constitution. Whilst basic pay is consistent for these four paid trustees, the amounts paid are variable due to holiday pay. The remuneration is noted in Note 6.

The net amount due from Brunel University at the yearend was £25,338 (2024: £19,122)

28