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|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|
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|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|
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|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)|
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|||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|
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||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_|
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|||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|||
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|.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_|
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|.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|
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|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|
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|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|
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|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||
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|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|
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||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|
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|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|
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|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|
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