| Reference and AdministrationDetails | Page1 |
|---|---|
| Officer Trustee Team Report | Page3 |
| Trustees'Report | Page 4 |
| Statement of Trustees Responsibilities | Page13 |
| IndependentAuditor'sReport | Page14 |
| StatementofFinancial Activities | Page18 |
| Balance Sheet | Page19 |
| Statement of CashFlows | Page20 |
| NotestotheFinancial Statements | Page2l |
| ommitteeofStMary's Studen ugust2024to31July2025. |
ts' Union. Student Trusteesareappointedtooffic |
|---|---|
| BoardMembers2024125 | Position/TitleHeld |
| Miss Shelley Carey | Education President/Officer Trustee |
| Mr David James | Student Life President/Officer Trustee(C hair) |
| Mx LockeBell | Student Trustee |
| Mr Roger Clark | ExternalTrustee |
| Mrs Laura Quinn-Willis | ExternalTrustee |
| heBoard tor2025126,areasf | ollows |
|---|---|
| BoardMembers2025126 | Position/TitleHeld |
| Miss Matilda Copley | Education President/Officer Trustee |
| Miss Chloe ElaPlum | Student Life President/Officer Trustee(C hair) |
| Mx LockeBell | Student Trustee |
| Mr Roger Clark | External Trustee (retired19thSeptember 2025) |
| Mrs Laura Quinn-Willis | ExternalTrustee |
| Mrs RachelHo | External Trustee(appointed27thSeptember 2025) |
| Unrestricted | Restricted | Unrestricted | Unrestricted | Restricted | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | Funds | Funds | Total | ||
| Notes | 2025 € |
2025 e |
2025 e |
2024 f |
2024 e |
2024 Ê |
|
| INCOMEANDENDOWMENTS FROM | |||||||
| GrantsandDonations | 1 | 404,659 | 404,659 | 408,956 | 408,956 | ||
| Charitable activities | 2 | 245,166 | 4,270 | 249,436 | 55,044 | 3,847 | 58,891 |
| Other trading activities | 3 | 26,184 | 26,184 | 21,624 | z',t,624 | ||
| lnvestments | 4 | 2,084 | 2,084 | 2,449 | 2,449 | ||
| Other income | 1,827 | 1,827 | |||||
| TOTAL | 679,920 | 4,270 | 684,1 90 | 488,073 | 3,847 | 491,920 | |
| EXPENDITURE ON | |||||||
| Raising funds | 5 | 30,178 | 30,178 | 13,544 | 13,544 | ||
| Charitableactivities | 6 | 694,129 | 2,529 | 696,658 | 546,426 | 584 | 547,010 |
| TOTAL | 724,307 | 2,529 | 726,836 | 559,970 | 584 | 560,554 | |
| NETTNCOME/(EXPENDTTURE) | (44,387) | 1,741 | (42,646) | (71,897) |
3,263 | (68,634) | |
| NET MOVEMENT IN FUNDS | (44,387) | 1,741 | (42,646) | (71,8e7) |
3,263 | (68,634) | |
| Reconciliationoffunds: | |||||||
| TotalFunds BroughtForward | 151,685 | 19,546 | 171,231 | 223,582 | 16,283 | 239,865 | |
| Total FundsCarriedForward | 107,298 | 21,287 | 128,585 | 151,685 | 19,546 | 171,231 |
| Notes | 2025 Ê |
t | â | 2024 Ê |
|
|---|---|---|---|---|---|
| FIXED ASSETS | |||||
| Tangible Assets | 10 | 375 | 1,584 | ||
| CURRENT ASSETS | |||||
| Stock | 11 | 6,473 | |||
| Debtors | 12 | 156,333 | 211,920 | ||
| Cash at bank and inhand | 116,476 | 338 585 | |||
| Total Current Assets | 279,282 | 550,505 | |||
| LIABILITIES | |||||
| Creditors:Amounts falling due within oneyear |
13 | (151,072| | (380,858) | ||
| NET CURRENT ASSETS | 128,210 | 169,647 | |||
| TOTALNETASSETS | 15 | 128,595 | --111231- | ||
| FUNDS | |||||
| Unrestricted GeneralFund | 14 | 107,298 | 151,685 | ||
| Restricted Funds | 14 | 21,287 | 19,546 | ||
| TOTALFUNDS | __129Égr_ | __1ll&1_ |
| 2025 | 2024 | 2024 | |||
|---|---|---|---|---|---|
| r | Ê | ||||
| CASHFLOWSFROM OPERATING ACTIVITIES | |||||
| Netcashflows providedby (used in)operating activities | (224,193) | 121 | 030 | ||
| CASHFLOWSFROM INVEST¡NG AGTIVITIES | |||||
| Dividends, interest and rents from investments | 2,084 | 2 | 449 | ||
| Netcash provided by(usedin) investing activities | 2,084 | 2 | 449 | ||
| NETCHANGEIN CASHAND CASHEQUIVALENTS | 123 | 479 | |||
| Cash and cash equivalentsatthe startofthe year | 338,585 | 215 | 106 | ||
| Cash and cashequivalentsatthe end of theyear | 116,476 | 338,585 | |||
| RECONCIL¡ATION OF OPERATING SURPLUSTONET | GASHINFLOWFROM OPERATING | ||||
| ACTIVITIES | 2025 tâ |
2024 | |||
| Netincome/(expenditure) forthefinancial year | (42,646) | (68,634) | |||
| Adjustments for: | |||||
| Depreciation charge | 1,209 | 460 | |||
| Dividends, interest and rents from investments | (2,084) | (2,449) | |||
| (lncrease)/decreaseinstock | (6,473) | ||||
| (lncrease)/decrease in debtors | 55,587 | (170,378) | |||
| lncrease/(decrease)increditors | (229,786) | 362,031 | |||
| Netcash providedby (usedin) operating activities | (224,193| | 121 | 030 | ||
| A)Components ofcash and cashequivalents | |||||
| Cash at bank and in hand | 116,476 | 338 | 585 | ||
| B)Analysis of changes innetdebt | |||||
| Cash and CashEquivalents AtIAugust 2024 |
Gashflows | Non-Gash Ghanges |
At31July 2025 |
||
| Cash 338,585 |
(222,10e) | 116,476 |
| .INCOME FROM GRANTSANDDONATIONS | ||
|---|---|---|
| 2025 | 2024 | |
| Ê | Ê | |
| Unrestricted Funds | ||
| Block Grant from St Mary's University | 404,250 | 404,250 |
| Additional Funding | 3,000 | |
| Donations | 409 | 1 706 |
| 404,659 | 49p99 |
| .INCOME FROMCHARITABLEACTIVITIES | ||
|---|---|---|
| 2025 | 2024 | |
| Ê | Ê | |
| Unrestricted: | ||
| Shop sales | 15,091 | 17,740 |
| Bar sales | 179,633 | |
| Events sales | 6,153 | |
| RagWeek | 6,735 | 114 |
| AUDinner | 17,005 | 18,167 |
| Launderette income | 9,760 | 9,070 |
| Marketing | 9,464 | 5,293 |
| Refreshers Week | 63 | 570 |
| Miscellaneous | 1,262 | 4,100 |
| 245,166 | 55,044 | |
| Restricted: | ||
| Socialclubs | 4,270 | 3,847 |
| 4,270 | 3,847 | |
| 249,436 | ____rsÉ91_ | |
| .INCOME FROM OTHER TRADING ACTIVITIES | ||
| 2025 I |
2024 Ê |
|
| Unrestricted: | ||
| Freshers'Week | '18,511 | 19,508 |
| SummerBall | 7 673 | 2 116 |
| 26j84 | 21,624 | |
| .INCOME FROM INVESTMENTS | ||
| 2025 t |
2024 Ê |
|
| Unrestricted: | ||
| Bank lnterest receivable | 2,084 | 449 |
| 2 084 | 2,449 | |
| .EXPENDITURE ON RAISING FUNDS | ||
| 2025 t |
2024 t |
|
| Unrestricted: | ||
| Official Functions | 30 178 | 13,544 |
| _____l9JZr | 13,544 |
| 6.EXPENDITURE ONCHARITABLEACTIVITIES | ||
|---|---|---|
| 2025 | 2024 | |
| Unrestricted: | Ê | Ê |
| Salaries, national insurance and pensions | 370,973 | 329,810 |
| Other staff costs | 9,674 | 9,619 |
| Shop cost of sales | 9,655 | 11,712 |
| Bar cost of sales | 148,569 | |
| Official functions | 21,327 | 28,790 |
| Security | 8,558 | 5,530 |
| Depreciation | 1,209 | 460 |
| NUS Levy and external relations | 9,625 | 11,404 |
| LegalandProfessional | 350 | 20,740 |
| Administration | 89,936 | 88,172 |
| lrrecoverable VAT | 8,679 | 31,505 |
| Accountancy | 8,240 | 1,350 |
| Auditors remuneration | 7,335 | 7,335 |
| 694,129 | 546,426 | |
| Restricted | ||
| Socialclubs | 2,529 | 584 |
| 696,658 | 547,010 | |
| 7.STAFFCOSTSANDREMUNERATION | ||
| t 2025 |
â 2024 |
|
| The aggregate payroll costs were: | ||
| Wages and salaries | 320,291 | 288,620 |
| National insurance costs | 33,739 | 25,946 |
| Pension contributions | 16 944 | 15,244 |
| ThestaffareallemployeesofStMary,sUniversity,*no"#..ffi | ||
| Students'Union. | Number | Number |
| Average number of staff | 6 | I |
| e sabbatical officerswerepaidthe followin of the SMSU Constitution: |
g remunerationinaccordance | with clause |
|---|---|---|
| 2025 â |
2024t | |
| Education President Salary | 25,589 | 24,616 |
| Student Life President Salary | 25,589 | 24,616 |
| ____91_Jt_9_ | 49,232 |
| 10. TANGIBLEFIXEDASSETS | ||
|---|---|---|
| Office | ||
| Equipment | Total | |
| Gost | € | € |
| Asat1August 2024 | 4,063 | 4,063 |
| At31July 2025 | 4,063 | 4,063 |
| AccumulatedDepreciation | ||
| Asat1August 2024 | 2,479 | 2,479 |
| Charge for the year | 1,209 | 1,209 |
| At 31 July 2025 | 3,688 | 3,688 |
| Net Book Value31July2025 | 375 | 375 |
| Net BookValue 31July2024 | 584 | ____1,991_ |
| ll.sTocK | ||
| 2025 | 2024 | |
| â | € | |
| Finished Goods | 6,473 | |
| 6,473 | ||
| 12.DEBTORS | ||
| 2025 | 2024 | |
| Ê | € | |
| TradeDebtors | 4,445 | 2,825 |
| St Mary's University | 107,306 | 161,540 |
| VATRecoverable | 44,582 | 47 555 |
| 156,333 | 211,920 | |
| 13.CREDITORS | ||
| Amounts fallingduewithinoneyear | â 2025 |
t 2024 |
| Trade Creditors | 13,943 | 7,629 |
| St Mary's University | 127,903 | 364,537 |
| Accruals and Deferred lncome | 8,900 | 8,100 |
| Other Creditors | 426 | 593 |
| r51,0?T3BO€58 |
| MOVEMENT ON FU | NDS | ||||
|---|---|---|---|---|---|
| Brought | lncoming | Outgoing | Transfer | Carried | |
| Forward | resources | resources | between | Forward | |
| funds | |||||
| â | € | Ê | Ê | â | |
| Restrictedfunds | |||||
| Sports clubs | 115 | 115 | |||
| Socialclubs | 19.431 | 4.270 | Q.529| | 21.172 | |
| 19,546 | 4,270 | (2,52e) | 21,287 | ||
| Unrestricted funds | |||||
| Generalfunds | 151,685679,920 | 307) | 107,298 | ||
| 171.231 | 684,190 | (726,836) | 128,585 |
| Brought | lncoming | Outgoing | Transfer | Carried | |
|---|---|---|---|---|---|
| Forward | resourcesresources | between | Forward | ||
| Ê | I | t | funds € |
Ê | |
| Restricted funds | |||||
| Sports clubs | 115 | 115 | |||
| Socialclubs | 16,168 | 3,847 | (584) | 19,431 | |
| 16,283 | 3,847 | (584) | 19,546 | ||
| Unrestricted funds | |||||
| General funds | 223.582 | 488,073 | (559.970) | 151.685 | |
| 865 239. |
491.920 | (560.554) | 171,231 |
| ANALYSISOF NET ASSETS | |||
|---|---|---|---|
| Unrestricted € |
Restricted t |
Total Ê |
|
| Tangible fixed assets | 375 | 375 | |
| Current assets | 257,995 | 21,297 | 279,282 |
| Current liabilities | (151,072) | (151,072| | |
| 107 298 | 21 | 128585 |
| Prioryear | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| 2024 | 2024 | 2024 | |
| Ê | t | â | |
| Tangible fixed assets Current assets Current liabilities Total |
1,584 530,959 (380 151.685 |
19,546 19,546 |
1,594 550,505 .858) 171,231 |