2025-07-31-accounts

8ads SU Roglstered company numlxtr 10823944 Charity rggisterod number 1173887 BEDS SU TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDING 31¥t July 2025

Bods SU R•glstered company numbèr 10823944 Charlly registered number 1173887 CONTENTS Page Board of Trustees, report &29 Independent auditors, report 30-32 Statement of financial activities 33 Balance Sheet Statement of Cash Flows 35 Notes to the financial statements 3648

B•da SU R•g15tered company numbèr 10823944 Charlty reglsterod number 1173887 Report of th6 trustees for the Year Endlng 31st July 2025 The trustees (who are also the Directors of the Company for the purposes of compary law) present thelr annual Trustees. report and financial statements of the charity for the year ended 31 st July 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial Statements comply wlth the Charlties Act 2011. the Companle8 Act 20￿, the Memorandum and Artldes of Association, and the Charfties Staternent of Re¢ommerKled Praclice ('CharlLies SORFY) (applicable to charitles preparing their accounts in association wlth Ihe Flnancial RepOrtIr￿ Standard applicable in the UK and Republ￿ of Ireland. (FRS102) as issued in October 2019. Reference and Admlnlstratlve Dotalls Charftablo Statug Bed5 SU regi8t8red wlth the Charlty Commls8ion for Eryland and Wales on 20 July 2017. Registered Charity Number: 1173887 Beds SU 15 a charitable conipany limited by guarantee and registered in England and Wales on 16 June 2017. Registered wmpany number: 10823944 Tanla Struetzel (retire(19th July 2025> Danlel Logln {￿￿red P April 2025) Paklamoyo Mashingaldze John Dix (retired 16th December 2024) Karol Szlithcinski (appointed 17th December 2024) Priyank Mehra (appointed 7th Awil 2025) Harry Pearce {appolnted 1 (yh July 2025) Beverley Hoare {retlred 31et Juty 2025) I Company ' Extornal Trustees Unlvarslty of Badfordshlr• trustee Studenl Tru8to•8 Minar Ahamed (appointed 16th t)ecember 2024} Marian Abbas (apFK)inted 16th December 2024} Chidwa Umeh (retired 31st March 2025) Oluwaseyi Lowo (retired 30th June 2025) Hwwa Alaja (appointed 1st July 2025) Calus Hamilton (appointed 12t July 2025) Mark Mccormack Sabbatical Officers Ch1￿ Ex•cutlvo Offlcor Exemptions frorn Disclosuro None. No exemptions from disclosur8 were applied or Tequired during the year. Universty Square Campu8 Centre Luton Bedfordshire LU13JU Reglst•r•d Offica

Bgds SU Regist*red company number 10823944 Charlty reg15tered numb¢r 1173887 Report of the tru8tees for the Year Endlng 31st July 2025 Icontinued) AudltOT8 FKCA Ltd 260-270 Butterfleld Park Luton Bedfordshire LU2 8DL Bankers National Westmlnster Bank PLC IpoBoxNo33 131 George Street Luton Bedfordshire LU12AH Actuary Barnett Waddingham St James's House St James's Square ! Cheltenharn i Gloucestershire GL50 3PR Funds h•ld as Custodlan Trustee None. The Unlon held no fu￿15 in a custodial capacity during the I | year.

Bods SU R¢gl$l•r￿ company numb•r 10823944 Charrty registered number 1173887 R•port of the trustoes for tho Year Ending 31st July 2025 (contlnu•d) 2 Objectives and Actlvltlas 2,1 Governing docijment Beds SU {'the Union,) is a charitable company limited by guarantee. operatlng as the Students. Union {the 'SU'} of the Universty of Bedfordshire. The Union is regulated under the Educatlon Act 1994. which places a duty on th8 Universty to ensure the Union operates in a falr and democratic manner and is aGcountable for Its finances. The Unlon Is govemed by its Memorandum and ArtiGles of Assodatlon (Jated 16 June 2017 which is subject lo revlew and approval of the Board of Trustees and the Govemiro Body of the University of Bedfordshire. 2.2 Charltable objects (from governing do(-.uinen'l The objects of the Union aTe th8 advarKement of education of students al the Universlty of Bedfordshire for the publlc benefrt ty: i) Promoting the Interests and welfare of students at the UnTversity of Bedft)rdshire during their course of study and representing, supporting. and advlslng students. il) Being the recognlsed representalive channel between stud6nts and the University of Bedfordshire and any other extpmal bodies. 111) ProvIdI￿ social. cultural, sportlng, arKI recreatlonal athltles and forums for di8oJsslons and debats tr the personal development of Its students. 2.3 Aims for the y•ar and measuring success Beds SU operated throughout the year withinlts 2021-25 Strategic Plan, whlth sets out charlty's vision of b8ing with students on their journey. The plan is bullt around four enduring them8S: l) wlth you in your course (enhancing academic representation and educational experlence); 11) wlth you in your student Ilfe (buikling social connection and community); iii) with you in creats'ng posittve change (enabling students to infiuence decisions ar￿ drive improVe￿￿nt). and. iv} V#ith you when you need 5UPPOrt (providing tlmely, independent help and advlce). Thes8 themes trarthte the Union's charltable objeGts of edu¢2tlon. representation. welfare and community tyjlbjre into long-term aim5 to 2025. They are underpinned by the organI&￿10nal values Student Flrst, Presenl. Caring and Bold and contlnue lo guide operational and governance activity. For 2024-25 the Trustees agreed that emphasis should fall on: 8UStalnlng wur8e4evel repr&8entatlon qualty 8nd trainlng reach following the stepchange achleved In 202& embedding inclusion across social opportunities and communty activity. infO￿ed by benef￿lary insight on differential engagement; c0nsolldat1￿ Beds Su's inlEuenc8 Within Univer3ty quality pr￿SSeS to secure student4ed improvem8nt', malntalnlng accessible wellbeing and advlce services as student need and flrHrKlal pressures increased. Strataglc ambltlons ft)r the year were expressed as "la¢ measures (end4)f-year outcomes), supported by 'lead' measures tracklng in-year progress. Thls approach enabled responslve managemerrt through quarterfy reportlng and ensured risks to delivery were addressed as they arose. Ambitions remained framed as dir￿tIOnal outcomes rath than fixed nUme￿al targets, refiecting the Union's commrtment to learning-￿d improvement. These aims continued to advance Beds Su's tharitable purpose to represent, support and empower students at the Universty of Bedfordshire for the public benefft. Trustees confirm they have had due regard to the Charity

B•d$ SU Reglstsred company number 10823944 Charfty regl$tOT•d number 1173887 Report of the tru8tees for the Year Ending 31st Juty 2025 (contlnued) Commission's public benefit guldance when settlng these aims and plannlng the activities reported in this section. They provided the basis for the achievements r8POrted in Section 3 of thls report. Achlevements and Porformance 3.1 Theme 1. We'll be with you...In your course This theme focuses on ensuring students understand how the SU beneffts Iheir educAtional joumey (advancing tho charitable obi8Ct to advance rhe gdUcal￿n of students by representlng thèlr academic intarosts and developing thelr le8ming experi8nca). Goal 1: Every student interacls with Beds SU when they slarl their studies and hears atout how the SU benefits their educational "You know how we benefit journey. your education and Beds SU is with you in your Goal 2: Students learn about how their SU impacts upon their education and can access the SU in their physical and virtLtal studies" classroom space. Goal 3: Students come together in support of their career and skills development. In conceiving our plan we aimed to fulftl these airns by.. striving to see every course represented by a sludent peer representatNe who has i) been trained arKI11) engaged with Beds SU; increasing the Su's vislblllty in the course experi8nc8 by inducting them Into the Su's role in thelr education arK£ maintaining contact on course-specrfK matters through thelr tlme at uni; and advocatirffJ for sustainability. decolonlsatk)n and career development in the curriculum and in the wlder student experien￿ offer. Our top4evel performance indlcators guide Theme 1 {below) and have shown steady rfse over the lrfecyde of the strateglc plan. Member confidence In their representation by the SU has risen 28 polnts since 2022 and perfomiance in the National Sttjdent Survey has seen the students, union reach into the top quartile of established unlversty students. unlons. Lag Indlcator Benchmark I (2022) 2023 2024 2025 2025 Vo of students agw they are well-represented In their ￿Urse 88% 87% 92% °h students WNare of ways in which they can '. feedback via Beds SU I % SU NSS satisfaction Highlights of the year (Theme 1): 81% course rep coverage across courses 56% of course reps engaged dlrectly and 49¥0 trained 94 inductions attended reachlr¥J 2,351 sbjdents 1,077 Student Voice feedback submissions actioned 86¥0 of Students polled agreed Beds SU °helps to solve problems on my course.. up from 81 % In 2024 and 55P/o in 2022 79% 55% | 71% 78%

Beds SU Règlsterod company numbor 10823944 Charlty registered number 1173887 Roport of the Irustaos for th• Year Endlng 31st July 2025 {contlnued) 3. 1 .1 Under.%landing Beds Su's role in M&inbers' learning Journeys Beds SU led targeted vffjrk in 2024-25 to ensure students clearly understood the Union's role within thelr course and how it supports their educational experlence. This priorty. drawn from With You on Your Journey (2021-2025). empha8ised vfjsibilty and early engagement as foundations for eftctive represenLgtion. The Union delivered 94 da55room inductions reaching approximately 2.351 stud8nts" such coverage across the Membership suggests th8 majority of new students received an SU induction. These 3040 minute. course- embedded sessions explained how the Union represents students and see a responsive, productive Student Voice and actlvely work8 to enhance their educational experience as well as provlde for wider sludent Irfe. Th8 Unlversity8 Begln at Bed8 SUp￿Y (Semester 1) evidenced clear impact: 80% of respDndent8 said they understood the Su's role and servi￿$., students further Glted Beds SU events as amng the rnost beneficial parts of starting universlty. This marks demonstrable progress towards the Unlon's goal of every sludent knowing how their SU contributes to thek learning journey. 3.1.2 Course-level peer representation Throughout 2024-25 Beds SU continued to facilitate student engagement in academic tepresentatlon. further establishing a more compelllng Student Volce at the Unlver8ity. This both supported and enabled the Student VolGe Framework (SVF): a Unlversity-owned pollcy instrument ctrdeveloped by the SU and implemented day-t￿laY in partnership. The framework provldes an accountabl8 route for students to ralse arKI resolve academlc Is8ues, ensurlng that every submission Is trseked arKI closed with clear ownership. 81 % of ¢ourses had a confirmed Course Representative in pla￿ across the year: whilst down from highs of the past two years levels remain high. Training uptake rose to 49% by yearend 2025, compared with 39% In 2024. and direct engagements wrth Reps continued to high levels ensuring the SU is supporting peer4ed representatlons at a course level. Representation links between Faculties and the Unlon were deepened through the introduction of Part-rime Faculty Offlcers (PTFOS) who met regularly with Studerrt Expernnce Leaders and Reps to collate feedbad( and present it to Faculty Executive Groups (FEGS). embedding student volce in local govemance. The second annual Course Rep Conference (Repcon 2025) lyought together Course Reps, Student ExperferK* Leaders. PTFOS and Network leaders for focused training on sustainability, workload management, feedback collection and employability. Delegates developed inter¥i8w techniques to articulate leadership skills gained through representation, aligning the Union's leadership-development work to its career-development aims in the strategic theme. The subsequent 5tudent-priorlty ballot confirmed "Developing Skills in the Student Experience. as the top campaign for 2025126, evidencing the value students placed on thls fcrus. 3.1 . 3 Memh8r fppdherk ?nd ihp. =Stjirlenf l/nir The Student Volce system logged an historlc 1.001)th feedback enty In May 2025 and feedback submisslons topped 1,077 by year-end. Almost four times the 2024 volume. this refiects increased student confKlence and awareness. Feedback themes were broad but ￿nSIstent. Timetabling and assessment spacing - sludents raised repeated ￿nCernS about timetable accuracy and the bunching of assessments. Beds SU used this evidence to inform discussions with academlc and professional teams. leadlng to dearer assessment calendars and improved communications. Course end pl8￿rnent communication - students highlSghted inconsistent Information about placements and module Scheduling.. SU officars 88calaled these through FEGS, prompting Schools to issue standardised placement brlefings. Curriculum relevance - there were calls for greater practical and industy•aligned content, which the Unlon referer￿ed in curriculum-review discussions. Positive recognltlon - In feedback Students prai88d academic support and the Library alongslde SU staff and activities. The Union c(Fmanaged the shared tracking system that ensures eath feedback item is logged, themed, assigned and dosed. To maintain continuty, the Union introduced a Feedb& Report Form allowing Course Reps to submit peer feedback even rf unable to attend School Student Experience Commlttee6 {SSEC8). Beds SU also

Beds SU Regist8red company numb¢r 10823944 Charity wi$tored number 1173887 Report of th• trustees for the Year Ending 3181 July 2025 (contlnued) recommended that Schools trial a thlrd SSEC meeting annually to fomialise 'You Said. We Did" re￿Ing. These measures provided assurance to members that their feedback produced wsible outcomes. At year-end Beds SU completed a review of SSEC affangements. Identifying varlatlons In attendance, timlng and documentation that collectively sought to improve accesslblllty to students and actlve resolution of student matters. Recommendations included scheduling improvements to avoid clashes wtth teachlng or placements (e.g. the School of Nursing, Midwifery and Health Education moved its Semester 3 SSEC to August to support participation)" prompter follow-up of committee actions. and aligning terms of referen￿ to the Student Voice Framework and embedding commitments to inclusion and anti-racist practice. which were adopted for 2025126. fiai 'Ilty Enhanced representation enabled the Unlon to infiuence key academlc and operational policies. CfrPresidents and PTFOS advocaled successfully for more balanced assessment weightlng and ry)ntributed to resit-timing decisions through th8 PAT Working Group. They also engaged in consultations on blended4earning dellvery models and placement flexiblllty. ensuring student perspectives shaped ¢ourse design and vffjrkload planning. These Intervention5 demonstrate the Union's role as an Informed, evidence-based partner in institutional quality assurance. At Beds SU the structu￿￿ elected roles, commitrnent to collecting and actionlng student feedback and cross-faculty and university committee coverage combin8 to enable a vibrant student Volce. Further examples Include: representations from Course Reps and Student Champlons Infonned adjustments in several Schools to module timetables and assessment calendars to reduce clustering and improve predictabllfty for students in 2025126. rep partlcipation in Cour8e Delivery Review groups en3urFng that student feedback directly informed teachlng-model refinements and workload planning; and, feedback collected prompted pilot extensions to Library opening hrxjrs and improvements to equipment-loan processes. dlrectly addressing recurrent access concerns raised by students. Examples such as these. and the year's outcomes more broadly, were achieved despite rnajor restNcturing at the University and lower stu(Jent numbers. The Universitrfs willingness to collaborate conslruclively supported this progress. and Beds SU recognises that partnership as an important enabler. 3.2 Theme 2. We'll be wlth you...in your student This theme ensures that every student can connecL particlpate and celebrate ￿thIn a wethrning communlty (advancing the charitable obi8ct lo pmvide scrial. cultural and rec￿atIonal activRl68 students and 8dvancing their education by way of fost8ring belonging). Goal 4: All students can connect and build rewarding relationships with Iheir peers. Goal S: All students can access and enjoy vibrant campus communities. Goal 6: Beds SU celebrates our students, their achievements and their stories. "Beds SU connects you wlth student communtiies. helping you make friends and support eaGh other" In conceiving our plan we aimed to fulfil these aims by.. ensurfng the SU is visible, through its reps, staff and activities, across all campuses of the university,. delivering a cultural programme that celebrates our diverse Membership arKI foster5 Inclusion across the student body. and. engaging students In Student-orientated spaces. and in organised societles and groups. Our top-level performance indicators gulde Theme 2 (below). Beds SU has made solid progress against it5 goals: 70% of students felt Beds SU ￿lebrated the cultural d￿erSity of the student cornmunty in 2022. and 92Yo in 2024.

B•d• SU R•glstored eornpany number 10823944 Charity reglsterod number 1173887 Report of the tru8te•8 for tho Year Endlng 31st July 2025 {contlnuod) Benchmark j 2023 (2022) Lag Indicator 2024 2025 {8mbition) % of students wlll feel social opportunlties meet their needs as a student 83% % Students feel B￿8 SU celebrates the cultural diversity of the student community % of Campus Reps elerted 70% 93% 92% Vo 95% 67% 67% 50% Highlight5 of the year (Theme 2)-. 260 SU venue events and cultural activities (ind. 130 student community activities) 73 So¢retleslStudent Communltles and 1,140 unlque student members 30% of all students attended at least one artivlty in our Social Opportun￿188 progrdmm8 In Sem8Sters 1 and 2, a 25% rise on Sems 1 and 2 in 2023-24. 42% newsletter open rate amoro Members 3.2.1 Social opportunities Social actlvllles hwle shoym to be one of the key drivers of belonging among unrversty leamers. supporttng student contlnuatlon. indusion and arademio Success. The Su's strategic focus on low-barrier partsdpation includes support for students of all backgrounds through n8tworks, indusive events and communications that double as feedback mechanisms. 28% of the student body partlclpated in a S￿dants, unlon event across Semestsrs 1 and 2 2024-25, wlth over 8,000 engagements recorded to March and rose to 47% of remainlng reglstrants in May 2025. This equates to almost 4,000 students takiry part in at least one activity, with thousands returning across the year. A busy and inclusive Social Opportunities Programme comprised cultural events and varle(J event programming, student societies and peer4ed activities. Beds SU Venues {Metro Café. Metro Bar and The Hub) offer unrque student-led spaces for students to come together and participate safely. arKI organised events add to th8 sense of communty at UOB arKI promote socialisation among students. The SU Is a vl8lble. leading partnér in the provision of Welcome Week events: Welcome Week 2024 comprlsed 18 events that y￿$¢0Med 1,600 students wlth students part1¢ular￿ enjoying Freshers Fairs at Luton and Bedford. Society m8mb8rshlp grew quickly wFth 1.544 ioin8rs In the opening weeks. These results show strong appetlte for connection at the start of the academlc cycle that continued through the first terrn. Smaller. regular sessions such as Film Nights, Games Nights and craft activilies sustained partlcipation week to week alongside larger student events such as the UV Partl8s and Hallowe'en. 3.2.2 Planning and programming Beds SU serves a dNers8 m8mbership thet includes large numbers of commuter, Intematlonal. P0￿gradUate and mature students. Member inslghts showed that cost of living, o)mmutlng and caring pattems and personal confidence often limit partlclpatlon. so the social programme emphasised free enty. daytime sch8dulirvJ and rnultl- campus delivery trj remove these barriers and enable every studenl to find a place to belo(7g. The Membership'5 diversity, Combined wtth Member input and feedback, shapes the Union's approach to design and delivery.. actlvities rnust be affordable, culturally relevant and ￿ible across campuses. Alongside the ¢xealion of The Snug. a welcoming Spa￿ for craft sessions, faith-friendty gatherings. V￿lIbeIng acti￿tIeS and infomial study socSals, regular features included: Film nights and droTrln craft $8ssions In The Snug.

Beds SU Reg18t•red company number 10823944 Charlty r8gi$t•red numbèr 1173887 Roport of the truste88 for the Year Endlng 31st July 2025 {contlnued) Wellbeing walks arKI short°pause arNI reser socials. oast Tuesday and Games Night" with a wkle range of gaming options to ease ¢08t-of-living stress. Ivellness Wednesdays. and 'Sweet Treat Tuesdays. to promote short wellbeing breaks. .'i.','ur81 programming and student Goinmunilies The cultural calendar continued to anchor the Union's Soclal Opportuniti8s offer. Programming celebrated the individualty of students, reflected the many communities that make up the student body and created moments of shared understandiTrJ. These activities sought to Increase cross-cultural understanding, reduce Isolation among under-represented groups and advance the Union's charitable object8 through cultural and recreational opportunity. CultUTal event hlghlights included: Dr4vall at Beds SU. a student4ed evening of light, food and dance that welcomed the wlder membership to experience South Asian wlture arml communty spirrt. Black Hlstory Month, a month-long series of talks. fllm screenings and social events exploring Identity. contributlon and lived experience across the African and Caribbean diaspora. Rarnadan and Iftar gatherlngs, planned in partnershlp V*ith fai1F￿bSs0d societies to ensure Muslim students could celebrate together on campus and that the wider communty leamed about faith Observan￿ and inclusion. Disablllty History Month, awareness sessions and Infomal meet-ups le<1 by student advocates highltghting ac￿sSibl1ty. allyship arKI everyday indusion. Neurodiversity Celebration Week, calm. low-stlmulus craft and infonnatlon sessions enabling neurodivergent sttjdents to participate in community lrfe in a comfortable way. 'Bharya Aflemoons" and "Afrobeats Socials.. recurring cultural showcases that buili confidence and connectlon within South Aslan and African student groups while inviting cross-comrnunlty participation. "Drag Bingo and Ralnbow Cake., an LGBT+ History Month celebration promoting visiblllty and allyshlp through fun. creative expression. The International Festlval of Culture, a week-long campus celebration featuring My Journey. My Story performances, a fashion show, drumming workshops arKI sport, r8fi8Cting global cttizenship and shared prlde in cultural diversity. Eld. Bengali and Romanlan cultural events, covr0du￿d wrth student volunteers to mark signifKant natlonal and rellglous moments and to showcase traditions to the wider student body. Family-friendly ￿lebrationS, such as the Parents and Chlldren's Party and the Easter Party, providing accesslble ways for studenl-parents to take part and feel part of campus Ilfe. Societies provide opportunities to come together, make friends and leam new skills," they contribute to an overall sense of belonglng at UOB. Society membership has increased significantty sinc8 2022 with, at polnts. approximateFy 8 fffth of all students having joined a soclety durlng the 24-25 year. Through regular communications to Members students are Infomied of developments and opptytunities in their course. student and CIVIC Itves, supporting their education and engagement as students. In particular. the Beacon student-medla hub amplified student stories and refiections through the year. In the year digital engagernent remained strong wlth over 95.000 website segslon8 and an average email open rate of 42%. Member recognition activities almed to reinforce attachment to the Union and motivate continued participation. The Beds SU Studerrt Awards 2025 highlighted student leaders. volunteers and societies for representatlon and community engagement. the year closed with a public thank-you to students contributing to SOCi8ties. elections and Union projects.

Béds SU Rogisi•r•d eompany numb•r 10823944 Charrty registered numb•r 1173887 Report of th• trustats for the Y•ar Endlng 318t Juty 2025 Icontlnu•d) 3.3 Ttr,c'n)e 3. WL,'Il be with you. .in creating positive change This th8rne guides the SU in empowering stLKlents and promoting an equitable student experlence (advancing the Gharitable objects as the representatN8 chann81 between students. the University and external bodles through democratic participation and collective woice). The Su's value of being Bold supports this theme especially by requirlng the SU to be independent. take risks and speak up. 'Brilliant studenl represenlatives inspire and empower others, and they lead on the most in7POrtant studenl agendas" Goal 7: Students are empowered and supported to better their sludent experience. Goal 8: Beds SU promotes an equitable studenl experience and enhances student's interests throughout it. Goal 9: Beds SU enables an impactful. democratic and representative Student Voice at UOB. In conceiving our plan Y￿ aimed to fulfil these alrns by.. embedding the Iheories of change" model to address lowtandlng Structural issues affecting students,. malntalnlng democratic accountability and Inclu8ion - scrutinising partlclpation in our actNities and planning targeted action to make the Union's demcracy, services and representstion more accessible., and, taking I￿th an educatlve and representative role in areas such as consurner rights. the representation of under-represented groups and sustainable developrnenl. Our toplevel performance indicators guide Theme 3 (below): Lag Indlcator Banchmark 12022) 2025 {8mbilion) I 2023 2024 2025 % students asked feel Ihelr SU create$ positive change in the Universty 74.30% 94% 95%

and % voters in Sabb electlons

1.42319% 2,IXIO I 13% 2.724 1 21% 1.850 117% 1,3021 16% % diff. in voter characterlstics -50% -70% -63./0 -80% Highlights of tha year (Theme 3): The Univer5ty introduced a studenl m8al subsidy at canteens supporting students with the cost of IM (Beds SU had been Integral to raising con￿rn of the cost of living al all levels and made multiple requests to Uni leadership for more investment to help students: the Su's work linked to one of its four Theory of Change campaigns to support students with Ihe cost of living). The University achieved Bronze In their Race Equality Charter (Beds SU had been integral to directing institutional attention to race equallty Inltlatlves. formed part of the working gThp and was Involved in the 8ubmlsslon- the Su's worked linked to one of Its four Theory of Change campalgns to redress tha Black Awarding Gap). The Unthity reduced their Blxk Awardlng Gap In the 24-25 year to wlthln 2 points (the Su's lobbying on the Gap Ilnked to one of its four Theory of Change campaigns to redress the Black Awardlng Gap). The Unt¥￿Sty launched thelr CUrr￿uluM Framework, whith induded provisions for career developmen( decolonlsation and suslainability {arnbitions In Su's strategy). li

Beds SU Re9iSt•rnd company number 10823944 Charity registwed number 1173887 Report of the trustees for tho Year Endlng 31st July 2025 (continued) The University achieved top spot (#1) in the People and Planet Green League (Beds SU had worked closely fjth the Universty in establishing a dedicated sustainability strategy and Its own Green Impact award fonrjed part of the accreditatlon. work underpinned by the Su's own strategy commitments). Beds SU engages and supports the Universitls vAde educatlon and student experience delivery and development through its Universty and faculty relationships. c0mmitteeslgr￿pS and across faculties. The SU provides feedback and represents student interests; assists in Ihe review, design and implementation of policies or the workshopping of challenges., and takes fopNard actions, such as student consultation, o)mmunicatton8 or further development initiatives with students and University colleagues. 3.3.1 Sloering student Yiews on University policres that affect them A Student Representative Reading Group was Inltlated In the year. deslgned to deepen engagement with Universty pdicy papers or communications templates before they reached respective cornmlttee stages or were implemented. The group saw elected student representatives revTew draft documents planned for committee review in the University, to then dtscuss their impliGations and submit commentary for inclusion in fomial commrttee deliberatlons. Some examples Include the Group's engagemant wlth the Universty's Studerrt Complaints Policy and template communicattons for Intemational Students". Officers revl8W8d the draft Student Complaints Pollcy, fO￿Sir￿ on clarty of woc&ss and student urKlerstanding. The Union's feedback led to revisions in the presentation and structure of information, slmplfying18nguage and improvlng navigation so students r3)uld more easily identify appropriate escalation route5. Representatives liaised wtth the Unlversitls Internattonal Offlce to impnjve the ctarty and tone of communications sent to intematlonal students. This followed findlngs from the 2025 Winter Survey. which showed that 40 percent of 333 intemation81 respondents felt that information and support from the Unlversity °could be better," compared with 27 percent of Home students. Intematlonal students were also le&s confldent In how to seek help. Reps reviewed sample communication templates and advised on Glearer. more induslve language at key transition points such as enrolment, vlsa renewal and acad8mic progression. This18d to revised lemplates piloted for 2025-26 alming to Improve clarty and empathy In corresporKlence. 3.3.2 Influence and advocacy on student interesls At the stsrt of the 2024-25 academic year Beds Su's Sabbattcal Team presented to the UnIversit￿S Board of Govemors setting out a clear agenda for sludent infiuence at the highest levd of Institution81 decision-maklng. Co- Presidents. S8yi Lowo and Chidera Umèh. outllned priorty campaigns- 1. The campaign to close the BlackAwarding Gap pressed for institution-wide urgency equivalent to that applied to continuation rates. leading to subsequenl meetings betW88n the Co-President and the Pro Vt¢e- Chancellor (Education and Student Experience) to leam of me85urable. faculty-level actions planned. 2. In parallel, Offi￿rS raised concerns about stud8nts in "teach-OLtf SitUat￿)n5 follo￿ng eour8e withdrawals. citing consum8r-prote¢tton risks wherej provision was changed after enrolment. 3. They called for a stronger feedback culture and more conslstent student participation in quality assurance. The te8m also proposed a UnNersity-wide consultation model after identfying weakrnsses in the Access and Pariicipatton Plan process, where poor student consultatlon had been noted by the regulator. Njtlvjugh formal adoption remains pending, the University has acknowledged the need for clearer consultation expectations. Beds SU played a decisive role in shaping the University's 2025-29 Access and Participation Plan. The Union's Student Submisslon. led by Officers Snd lodged In July, broadly supported th8 Unlversitys ambition but called for more direct student consultation during the plan's development and delivery, arKJ pressed for urgency on the Black Awarding Gap and related disparities. The interventlon prompted revislon clarfying SpecIf￿lty in actiong and consutstion with students. Over succ8sslve years Beds SU received feedback from new students about registration dTfficulties and late wblicatlon of timetables, leaving many uncertain about their first weeks of study. In response the Union worked persistently with Universty teams to prioritis8 thls area and by 2024-25 clear progress had been achieved. The University's Begin at 12

Beds SU Raglstorod company number 10823944 Charfty registered numbar 1173887 Report of the trustees for the Year Endlng 31st July 2025 (continuod) B8ds survey recorded that 87 percent of respondents found regIStra￿On slmple and 81 perc8nt knew how to access their schedule in advance, a marked improvement on previous years. The approval of t1￿ Unlverslvs Sexual Harassment Pledge was mad8 In 2024-25. whlch confirmed non4i8closure agreements (NDAS) wouldn't be applled to students br1r￿Ing complaints of sexual harassment. Officers raised the pledge on multiple ¢)ccasions with the lfjce£hancellor in 2022. a fomal proposal whith aligned with the then Secretary of State for Education's same request, which was declined. While student pre85uTe wasn't effective in the decision. Beds SU maintains that the Pledge demonstrates the Untversty's commitmerrt to fairness and victim welfare over protectionist practices. 8% of Home students rep(xted having observed or experienced harassment and 2% reported incidents of sexual harassment (Winter Survey 2025). The policy change is expected to build confidence in reporting mechanlsms. W0￿de explicit protectlon for vlctlms of harassment and assault. and briNJ the University into alignment wlth natlonal good practice. Stu¢Jent representatlves also reviewed the Universty's updated Pemnal Relationships Policy. 6% of Home students reported observitvJ or experieneirvJ inappropriate conduct from a I￿turer or staff member in the 2024 Winter Supley and representatives put focus to potential for power imbajances and reinforced duties under the Equality Act 2010. Together, these measures advance Institutional 8cwuntability for harassment and misconduct, reflecting the Union's commitment to promoting a study envlronrnent of safety and respect. Beds SU played an active and sustalned role in shaping the Univarsty's successful appllcatfon for the Race Equality Charter (REC} Bronze Award 2025-26. The Union served as both a governance partner and Cfltlcal frlend through(xJt the development pro(w. 2025 Winter SuNey reported 9 percent ofAslan, Black. Mixed and Other-ethniGty students had observed or experienced racism in a Unlverstty space. an(f near 8 quarter were not conftdent In existlng reporting processes. Officers queried earty drafts that risked d¢)wnplaying racism as a structural issue and argued successfully for linkage between work on the REC and Awarding Gaps. This advocacy led to concrete commitments In the final REC Action Plan and the Univer&ty has sub5equenliy celebrated signrficant improvements in gaps. It also successfully pressed foT mandatory training. Over a Iwo-year period Beds SU has been v(Kal that student adoption of Artificial Intelligence (Al) approach should be enabled. not constralned or pollced. Offlcers argued that the UnfverSi￿S response must prep8re students for an evolving employmerrt landscap8 fdther than treat Al use primarity as an academlc-integrty rhsk, and for this to occur slgnlflcant attention to staffliecturer development was requlred. Emerging draft Unlverslty papers In the year began to adopt these positions more strongly: Studenl guidance and txoposed a&￿eMIC integrity F)olicy changes for 2025-26 onvrdrds framed guidance around capability and fairness rather than detection or prohibltion. A broader programme of Al-specific continuous professTonal devek)pment (CPD) 18 in developmentr, and. Templates for declaring Al use and undertaking risk assessments were propJsed in a standardised ￿PY to ensure transparency across facullles. Beds SU infiuenced the Unlverslty's Young Chlldren on University Premises Policy, The SU drew on insights demonstrating that parentsl dut188 were a malnstream, not marglnal. feature of student Ilfe and argued that restrictions on children's presence on campus risked exduding parents from academic and community lrfe, particularly tIK)se needing brief &c8SS to resources such as libraries. support servlces or meetings. It dted comparator examples that adopted rn0￿ permtsslve policies in the absence of demonstrable risk, such as In laboratory settirKJs. The SU successfully proposed a shift in approach from blanket prohibrtion to managing disturbance where it arlses and suggested transparent cornmunication to reduce uncertalnty for student parents. Beds SU Is an accredlte(l Real Llvlng Wage employer and, In the year, Officers publI8h￿l a student pettiion calllng for greater student employment opportunities at the UnNersity; to delNer more employabilty skilts sessions" and, to pay students the Real Living Wage (RLW). Student employment alongside their studies helps students develop real life experiences to complement their degree, improving their employability: Ét supports students with the high cost of living (private rental kyices in Luton increased 11Yo between September 2023 and September 2024). In the year the SU employed 22 students in the Union's work and generally seeks to employ students In Ilelivery where possible. recogni5ing the value of experience and skills gained alongside students, studie8. Officer activities in the year induded: 13

Bgds SU Registered company number 10823944 Chority reglster•d nurnber 1173887 Report of tho trustees for tho Year Endlng 31st July 2025 (contlnued) An inaugural Business Showcase. where Students presented business proposals to panels Includlng employers from healthcare. cNil service, hospltallty and energy. Th8 event provided students with feedback directly from recruiters and helped them translate academic ideas into viable fftssional projects. A student4ed workshop on Artifirial Inlelligence (Al) and sustainable business practices. The session fwsed on practlcal uses of Al in (3rbon-reduction projects and sustainabilty reporting. linking academic contenl lo emerging sector starKJards. These actNities We￿ designed to enhance students. confidence in applying classroom learning to professional contexts. -XAA_ Through engagement at parliamentary and sector levels, Beds SU ensured that local eviden￿ informed national advocacy, connecting Bedfordshire students, experlen¢es with systemic refom) on housing, finance and welfa￿. Co-President Chidera Umeh joined the National Union of Students (NUS) Lobby Day at Parliament to support the Renters. Rights Bill, which sought to abolish Section 21 'no-fault' evictions and remove guarantor requirements that disproportionately disadvantage intemational and estranged students. This campaign directly al￿ne(l with concerns raised in Beds Su's own surveys, which found that 44 percent of students Irved in rented homes wlth farn1￿ or friends, 26 percent shared wlth other students. Unlon met wlth Luton South MP Rachel Hopklns to discuss houslng reform 8fKI broader cost-of4Mng pressures, highlighting the impact of high rent. travel costs and Ilmited work opportunities on students. progression and wellbeing. Officers also raised natlonal policy issues, induding restritions on intematlonal students, working hours, as part of wider advocacy on financlal fairness and opportunty. Beds SU delegates participated In the NUS National Conference 2025 in Lincoln, contributing to debates on maintenance funding and equality of access, and attended the All-Party Parliamentary Group (APPG) for Students at Westminster. In these forums officers presented the lived realttle8 of Bedfordshire students. particularfy regards to the strain of balancing study and employment with financial insecurlty, strNing to inffuence national dlscussions on higher£ducation funding and attainment. 3.3. 4 Membership democracy As a membership organisation, Beds SU is shaped by and accountable to its student Memb8r8 with structure8 designed lo listen. involve and empower them in their student experience, as well a5 both in the students, union and the national student movem8nt. The Autumn 2024 elections completed the new rewesentatlve structure approved by Members in the previous year's governance refomis. 21 candidates stood for election among four faculties and achieved turnout of 7 percent of the student bo(ly, reftecting s0Iid engagement at the start of the year for PT roles. These elections introduced four Part-Time Faculty Officers. 8Stablishing farAJlty48vel representation alongstde the two full-time Student Campaigns Leads (in place of four Sabbatlcal Officers). The change was designed to grow a more active and wesent student volce in each Faculty. The roles were to charnplon thelr faculty student experience and link directly into Beds SU'5 democratic and campaigning work. In parallel. Campus Reps were elected at Beds Su's Bimiingham and London Bridge sit85. alongside student representatives for the LGBT+ and BAME Netsvorks. Beds SU embedded a new democratic mechanlsm In 2024-26 enabling members not only to elect their representatives but also to decide what those representatives should focus on. This development, termed Student Priorities. was introduced to strengthen the principle that the Union's campaigning ¢Jirection must derlve from direct member mandate rather than officer initiative. The resulting prrorities would constitute 50 percent of the role expectatlon for all elected officers, binding future leadership to the Membershlp's expressed mandate. Ahead of the 2025 Annual Electlons eleven campaign toplcs wwe publlshed for student revlew, each derived from survey insights, repr&8entative feedback and officer consultation. Campaigns covered areas such as academic development. wellbeing, housing and equality. Members were invited to rank thes8 Issue8 in order of preference. The near 9,000 ballots established three Prlorty campalgns for 2025-26: Developing Skllls In the Student Experience. Student Wellbeiro and Belonging. and L￿Ing Conditions for Student Renters. 14

Beds SU R•gl¥t•rod company number 10823944 Charlty r•glst•red numbèr 1173887 Report of the trustees for the Year Endlng 31st July 2025 (Gontlnuedl The Trustees also approv8d a change in Ihe concept of the Sabbatical Co-Presldent role to a Sabbatical Student Campalgns Lead. one representing UK-domiciled students and other representing NoTrUK4omiciled students. SuccessNe sabbatiLxI teams had faced Challe￿eS In sustaining campaign delivery, navlgating University governance and evidencing tanglble outcomes. The re-titled posltklns dlrectly reframe the purp08e of eleGted offl( from figurehead representation to practKal, evidenc&based advocacy. Leads would work alongside four Student Champions representing the facultles. fomlng the Student Affalrs Committee (SAC) initiating 1st July, the central democratic body for campalgns and representation. The prospectlve student Affairs Committee were elected by cross-campus ballot in the annual electlons exwdse. which achleved a 16 percent turnouL Beds Su's Annual M8mbers' mee￿ng (AMM) remalned a central mechanlsm fcx fonnal Member accountabllty durlng 2024-25. The AMM was open to all student members and operated as both an aC￿untabl1ty forurn and consultatrve space. Members received reports on the Union's performance against its charitable alms, financial position and key outcomes from the previous academic year. Officers presented evidence of delivery against student mandates, with members invtted to question and challenge performance directly. During the AMM Members were invited to review and comment on proposed updates to the Articles of Associalion. which operated as an open consultation. Members endorsed the changes with 94 perc*nt voting in favour. 3.4 Theme 4. We'll be with you... when you nged support Thls them8 focuses on ensurlng students are equlpped lo navlgate student life successfufy, dolng 80 primarfty vla advi￿ and guidan￿ services (Advancing the charitable object to promote the welfare of students. The core value of being Caring reirrforces this theme. "We make life easier for you, give advice and information and change things for the better- sludents come to us when fhey need help" Goal 10: Beds SU fosters an inclusive, caring and student-centred university community. Goal 11: Students are equipped to navigate Student Life successfully. In conceiving ￿r klan we aimed to fulfil these aims by: extendlng alvlce and information provision across camwses and learning spaces so that support is visible and ac¢88sibl8. especially on key lopics. running initiatives like drop-in availability and (x>urse visits. arKI supported by self-serVi￿ digital reSoUr￿S and guidar￿. and, estsbli8hirw an integrated enquiries function that ensures every sludent query Is trSaged and resolved promptly alongside a growlng knowledge base of common ￿SUes. Our toplevel perfomiance irKlicators guide Theme 4 (below) suggest high levels of awarenes8 among the student body of the Su's advisory services with students increasingly viewing the SU as an indepeThJent source of student- first advi￿ over the plan's lrfetime. Lag Indlcator Benchmarft {2022) 2025 (8mbition) 2023 2024 2025 % Students who would seek support from B SU when needed 75% 91% l Average rating out of 10 (advice and information services) % students agree Beds SU offers good support for sludents 186% satisfied] 73% 980 , % students who seek support from Beds SU rf they n8eded help 70% 92% 80% 88% 15

B•ds SU Registered company number 10823944 Charliy reglstered number 1173887 Report of tho trustees for the Year Ending 318t July 2025 (contlnued) Highlights of the year (Theme 4): 524 stud8nts received caseY￿rk advlce via the Su's Advice Servi￿, representlng up to 6% of the stud8nl body (a rise from 2% of the student body who accessed the service in 2022 and an Increase of 1 % on 2023 and 2024). 2.400 student enquiries received - a fall on prlor year8, but continues to be high In proportlon to the size of the student bo(ty. 86 % enquiry resolution rate, up from 75% in 2024. 408 hours of drop-ins offered to students, up from 176 in 2022. 3.4.1 Advice and informglion The Students. Unlon's Advice and Irrfomiation services remained a principal channel through which students accessed impartlal guldan¢e on academlc, housing and personal Issues. Although total case numbers reflected a smaller student population. demand relatlve to enrolment stayed hlgh and confidence in the service remalned strong. By yearond sround 6 percent of the student body had received individual casework support in the year. a steady rise on 2023 and 2024. Outreach actlvities to viider campuses had been culled by budget reductions at the start of the year, but the Service maintained accessibility through daily drop-ins offered each week without prior booklng (in person and online). In total 408 hours of drop-ins vftre delivered, more than double the 2022 figure. A key alm of the strategic plan was to build an online resource of artides almed at streamlining student queries. The Knowledge Hub had expanded to 104 resources by 2025 provlding students with self-seprfice guidance on appeals, assessments and housing rights and much more assisting thelr navigation through student lrfe. Al tlmes the Advice SeNice engaged In emerging issues affectlng students, which they Yrt)uld action plan wlih colleagues and Unlverslty partners to ensure solutions were develoFEd andlor particular Infonnatlon was avallable to help student5. In the year Advisors also collaborated ￿th reps and Universty academic and welfare teams to address acute issues such as delayed resil results, resulting in more sympathetr¢ date schedules. Similarly. at the start of the year a number of students were affected by accommodation issues. The SU intervened diredy. supporting complaints and insurance claims and liaising with the Universty 8rKI accommo¢Jation partners. The SU also delivered targeted guidance and communlcatlon campaigns throughout th8 8cademlc year to align with students, peak support needs: As results were announced and appeal querles began arriving Beds SU published step-by-step advice on how to interpret outcomes, prepare appeals and access one-to-one suprrf)rt from the Advice Team. This ensured students facing progression or assessment challervJes understood the ccyrect procalures and timescales and vtsre directed to appropriate help before deadlines. Appreciatlng reduced access to support over holidays, the Union Issued tailored V￿lIbeIng guidance for students covering safety. community connection and mental-health resources. Parallel campaigns addressed the problem of isolation with practical 'F8811ng Lonely? Top rips to Find Your Communlw advi encouraging students to o)nnect through societies. volunteering and peer activity. These initiatives were rooted in survey findings that peer interactlon and friendship are crltlcal to belonging and continuation. Participation in STIQ Day 2025 promoted sexuakhealth testing and sought to destlgmatise STIS. while the Sexual Abuse and Sexual Vlolence Awareness Week campaign provided information. survivor-SUPPOrt contacts and reporting routes. 3.4.2 Student Wellbeing, mental heallh ar7d the high cost of living As the cost-of4iving uFsls contlnued to shape the lived experience of students, Beds SU delivered a seri83 of Inltiatives: The Communlty Pantry- integral to students 'going withouy and in need - continued to distribute donated food and hygiene Items, supported by contributions from th8 Luton Rotary Club, th8 United Nations Association {Luton Branch). Luton & Dunstable Foodbank and indlvldual donors. 16

B•ds SU Rggi$tgrgd company numbr 10823944 Charity registor•d numbor 1173887 Rèport of th• trustees for the Year Endlng 31st July 2025 (contlnued Co-President Seyi Lowo organised a winter food-parcel and coat-drive in D￿ernber 2024, followed by a food-bag gNeaway In March 2025. provlding essential i18ms to students facing hardshlp. The Union hosted Toast Tuesday and Games Night, offerlng free food alongside student-led soctal activities to redu(x food Insecurity and i501ation. Free food at Eld and Iftar, souri%d from a local faith-based supplier. supp(xted Students sperKling rellglous holidays away from home. Student workshops run with Part-fime Officers gathered feedback on Cost￿-11Vir￿ challenges, high1￿hting priorities such as dtscounted travel optlons, acoommodatlon awareness and vls&related support. C(￿PresIdent Chidera Umeh 5ub8equentty published travsavings guidance to help students manage commuting costs. Beds SU wants every student. whatever their financial or personal circumstan￿, can participate fijlly in universty life. Among students who told us their wellbeing had improved since stsrting Universty, 49% were very or extremely confident of gettlng good marks in the Semester, yet this confidence level fell to 9¢/0 among stud8nts who said wellb8ing had worsened since starting Unl. Student officers collaborated wlth Unlverslty wellbeing teams to widèn access to free C￿nsel11ng and, more generally, Improve the visibility of support rwtes students have access to. They contribut8d directly to policy dlscussions on cr18i8-managemènt proce(lures and student-reportlrKJ 8y3terns, ensurfng student voice Informed h(w4 serious incidents were handled. Mental heallh awareness was embedded in the Union's cultural and communicatlons ￿alendar In various vmys linked to the charity mission: Worfd Mental Health Day 2024 was rnarked with interactive activities on campus that encouraged students to share positive reflections and access Information Dn support seryices. National Stress Awareness Morth (Aprll 2025) provided re80urces and events encouraging self-care, balance and peer connection ahead of exam8. Mental Health Athpreness Week foll(Med with infomiation posts, signposting and a Mental Health Walk led by student representatives and volunteers. Weekly Wallness Wednesdays and 8edford'8 Sweet Treat Tuesdays offered mindtul crafting, film smnings and infomial meet-ups. Beds Su's work across advice and wellbeing provision in 202425 demonstrated a coherent and su8tslne(I commltrnent to student welfare. Survey evldence showirvJ that almost 90 percent of students would approach Beds SU for support confwms that the Union Is trusted 83 a dèpendable, student-centred source of guidance and care. 4 Flftancial Review 4.1 Overview of flnancial pr)Sition and headline financial mattÈrs Total income for the year was £1,584.733 (2024: £1,697,622) and total expenditur8 was £1.562,465 (2024: £1,640,849). A net loss of (£2,561) was returned for the year on unrestrlcted fund8 after all fund transfers (2024: surplus £8.447). Blightly below the break-even target. The loss refi8ct8 restructurlng costs Incurred as part of an organlsallonal revithv 8ppmved by tha Trustees to achieve lon*tsm) cost reduction requlred for the 2025-28 budgetary year. The UnNersty grant ￿ntInued to provlde the rnajority of Income (see 4.2). supplemented by tradlng activity from venues and catering operations. Expenditure was controlled withln approv8d budgets. with staff costs reflecting cost- of-living and Real Living Wage adjustments and restructuring actlvlty completed durlrKJ the period. During the year the Trustees authorised pyovision of up to £10.000 for transitional restructuring costs as part of a wider efficiency programme that is expected to reduce expendiiure by approxlmately £%Mk between 2024-25 and 2025-26. The flnancial outcome is consldered 8atlsfactory in the Context of planned reslructuring and a 20 per Gent i?

Bèds SU Reglsterèd company number 10823944 Charity register•d nurnber 1173887 Report of the trustees for tho Year Endlng 318t July 2025 (contlnued) reductlon In the University grant for the next perlod. The University continues to support the Unlon through ongoing funding. cost-of-INlng adjustments and pension-related uplifts. Overall results were consistent wlth in-year expectatlons an¢J consistent with the Trustees, financial strategy to align expendlture with sustainable income levels. 4.2 Principal funding sources and notable expendlture The Universty of Bedfordshlre provide principle sourcels of funding. The University of Bedfordshire provided a block granl of £1,018,229 (2024: £1,042,813). supplemented by a one-off restricted grant of £34,0(YJ to support a voluntary redundancy scheme. The restricted grant was fully utilised within the reporting period. Income from trading activilies totalled £283.236 (2024: £421.633). Together, th8 Unlon ￿POrtS a net surplus on total funds of £22,268 (2024: £56,773). We continued to prO￿sS international student salaries for the University, whlch enabled internatlonal students to earn over £104.778 {2024: £218.gK) working for the unlversFty. 4.1 Facilities in-kind The Union occupi88 the Universws bulldlngs on a free basis under an informal arrangement. In accordance with Charities SORP (FRS102) the trusle8s include an estimated value in the accounts. This year a revaluation occurred based on current rental values and the in-klrKI value for the use of facllltles has been estimated at £229.647 (2024: £219,434). 4.2 Reserves policy and analysis (including free reserves) The accounting changes from implementing FRS102 relating to P8nsions have a signfficant Impact on the balance sheet of the Union. Reserves will be assessed by reference to unrestricted funds excluding th8 deslgnated pension deficit. The reserves policy of Beds SU is to maintain a level of unrestricted funds, not committed or invested in tsnglble assets, whlch will enable the Unlon to ensure continuity of activty and have the ability to adjust. in a measured way. to any signiftcant changes to resources. The reserves policy recognises that reserves are necessary to maintain the day-l(￿daY operations of the Union for a period of up to 4 months. The appropriate Measu￿ of free reseples is therefore net assets. less restricted and designated funds. less fixed assets attribut8ble to unrestricted funds that future yearfs depreciation is not accounted for in a designated reserve. With the planned reduction of 20Vo in B8ds SU core expenditure In 2025126 The Board recognises that Beds SU reserves are at the desired level of fwr months operatlng costs and therefore has no plans to add to the level of unrestricted r8S8rves. The SUSS pension fund deficit is included as a designated fund (£501,179) (2024. {£542.264)). Ple8se refer to note 18 in the accounts for the ￿e0Very plan requir8d to dear this deflcit. To maintain the ffinancial stability of the organisation, the Truste8s have designated unrestrfcted funds to cover futu year's depreciation charges on unrestricted fixed assets. This enables unrestricted reserves reported to r8flect the cash balances of the Union more accurately and will ensur8 in future the purchase of fixed assets will be accounted for in Ihe current years funding.Total designated funds at319tJuly 2025to cover fubjre years depr￿latIOn £23.304 (2024: £33.948). Although the trustees are pleased to support an enhanced rnaternltylpatemity package for employees they also recognise the strain this could have on Beds SU financ8s If a senior member of staff or multiple staff member went on rnaterntyipaternty. Therefore. they have designated to coverfuture maternitylpalernlty (x)sts. Thts deslgnated reserve was at £16,000 at the 318tdJuty 2025 (2024: £16,000). 18

B•d$ SU R•9lSt8r8d eompany number 10823944 Charlty r•glstarod number 1173887 Report of the truste88 for the Year Endlng 318t July 2025 (contlnuad) The trustees rwnise the importance of providiry the correct rr equipment to enable Beds SU staff to cary out their tasks efflclently. Currently the budget does rw)t Indude a provtsion for this equlpment. Therefore, the trustees consider It prudent to deslgrHte a reserve to cover future purchases of £20.000 at 31 July 2025 {2023'. £20,000) Total designated funds at 31st July 2025 (£441.875) (2024: (£472,316)). 4.3 Golng concern statement The Trustees have assessed the Unlon's ability to continue a6 a going concem for a perl¢xl of at least hvelve months from the date of approval of these financial statements. No materlal uncertainties have been Identified that would cast signrficant doubt on the Unlon's abllity to operate Within this perfod. The restructuring completed during 2024-25 ha5 reduced the ory)ing cost base by apwiximatsly £204.000. aligning expendlture wlth sustainable income levels for 2025-26. The Union continues to recelve significant financial arKI i kind support from the Universty of Bedfordshire. induding continualion of pension-related uplifts and 4X>St-of4iving adjustments. The Unlon's reserves policy and relatK>nship with the Univer51ty provide continuty of operatlons and the capaclty to manage for8seeable variations in income (Y C08t. On this basls, the Tru3te88 consldwll appropriate to prepare the financSaS statements on a going concem basis. Plan8 for Future Porlod8 5.1 Future aims and objectlves The year 2025-26 wll be a transitional perio(1 for the Union: Trustees agreed a focus to stabilise delivery arKI embed the new. slimmer operatlrvJ model whilst prep8ring for the nexi strategrc plan due in 2026. The overall aim is to maintain quality and impact within reduced resources while supporting staff and officers to adapt to changed role8 and procsses. Objectives for ts year are to: embed the revised structure and culture, ensuring clear accountability and Servi￿ boundaries: operate effictently within the new financial envelope while protecting student-facing quallty: prepare the framework and consultation for the 2026+ strategic plan; and, support development of a confident Board of Trustee8 arKI officer team. These obJe¢tlves Gontinue to athiance the charlty's purposes of representlng, supporting snd empowerlng Members for publiG benefrt. 5.2 Key prlorities and planned activities During 202&26 the Union will prioritise eA>nsolidatlon. testing and evaluation across Its four delrvery areas. 4 9 1 :Pii idpnt vnI￿ Malntaln ts Inductions programm8 8xplaining how representation infiuences educatlon. Malntaln an *ive course-rep community through tralning and social connecti¢￿. Implemem qualitatrve KPIS for"effective reps" and seek to slmplÉfy the Studenl Voice Framework. Llnk rep exper1er￿£ to career-development tools. Target 7 of g Schools rnted Green in a new Voice RAG contextual rating and atx)ve-benchmark NSS scores for Q24 and Q25. 19

Beds SU Regist9red company number 10823944 Charlty règistgred number 1173887 Reporl of tho tru8teO8 for the Year Endlng 31st July 2025 (contlnued) AdviGe ind SuDDorl. Operate a streamlined a<fvice service with clear boundarlas and aLrtomatlon of simpl8 enqulries. Further develop self-service and Knowledgg Hub resources. Evolve the Enquiries service by utilising increased automation. Maintain high satisfaction and confidence outcomes from serrfice users. 5.2.3 Social Opportunities.. Priorltlse soclety development via Gapacity bulldlng and stu¢Jent4ed 8¢tNty alongside programmes of staff- and student- delivered events. Support succession planning for socletles and ￿cognise contributions through Careers Builder. Continue cross-wltural and indusive actlvlty, aiming for 80 per cent of respondents to feel the SU celebrates diversity. Maintain at least 15 active societi8s and positNe socialngagement metrlcs. 5.2.4 Student Democracy and Campaigning.. Deliver on three studenl Prlorltles of Skills in the Student Experienc£, Living Conditions for Student Renters and Wellbeing and Belonging. Embed Student Affairs Committee Officer working practlces and Ihe Leadership Development Framework. Review membershlp and govemance structures within Student Volce and align with incoming Artldes. 9 s n.h?rtliJ Refresh govemance documentatlon and Board evaluation pr￿SSeS. Prepare the draft 2026-2030 Strateglc Plan for Board approval in summer 2026. 5.3 Hovi learning from the year informg futiire strategy Planning for 2025-26 is informed by organisational developments that arose whilst planning for budgetary reductions In 2024-25, trust88 risk reviews and student consultation. Lessons from 2024-25 show that dear prioritisation, realistic vll)rkloads and defined service limits are essential to sustaln delivery. Insights from the Winter 2025 student survey confirmed that Advice. Student vol￿ and advocacy remain highly V81ued servths and community sociali5ation and peer-to-peer activities show dear links to student wellbeing and successful student outcomes. These findings guide resource and objectives in those ar8as. Emerglng lessons from automation efforts and annuallsed hours will provide data for longer-term plans on how we work and how deliver for students within new resource parameters. Board seif-assessment and officer-development evaluations will infomi governan(￿ improvement ah8ad of th8 next strategy. The SU wlll also draw on feedback from beneficiaries to refin8 its digital presenc. induding mlgration to a new Al- enabled Y￿b$Ste. These learning cycles will underpin the 2028+ strategy and help ensure contlnued delivery of publtc benefit within a sustalnable modd. 20

B8ds SU R•glstgrod company numbgr 10823944 Charlty reglstered number 1173887 Report of the trustees for the Year Ending 31st Juty 2025 {continuod) 6 Structure, Governanca and Managemont fj.1 Legal status Beds SU ('the Unton.) is a charitable company limited by guarantee and th& Students. Union of the Unlversty of Bedtordshire for the purposes of the Education Act 1994. It is registered with the Charity Commission and Companies House and is regulated by the Charities Act 2011, the Cornpanles Act 2(106 and the Education Act 1994. The Union is an inde￿ndent charity that ￿￿rkS in partnership wlth the Unrversity of Bedfordshlre to advance the education and Wel￿beIng of students, represent Its members, interests and deliver public benefit through its charitable objects. 6.2 Governing Document The Union is govemed by Its Memorandum arKI Articles of Assocaation dated 16 June 2017. The Artides define Ihe Union's charitable objects. powers and governan￿ framework. Any amendment require5 approval by the Board of Trustees and the UnIversl￿$ Governing Body, last revlewed by the University of Bedfordshire under Arude 9 In July 2025. Mgmber8 are consulted on constttutional matters through the Unlon's democratic structures. Beds SU 15 8 foundation-model charltable company, in which the Truste8s are also ￿ company members for the purposes of company law. During 2024-25 th8 Union and the Unlversty approved adoptlon of revised Articles to mod8mise and darrfy the Union's constituiional arrangements and better reflect current praclice. Formal adoption of the revised Articles Is expected in 202&26 following Charity Commlssion review and a company-law members. resolutlon. 6.3 Mernbars of the Union All enrolled students of the Unlversty of Bedfordshire are member8 of the Union unl888 exercise their right to opt out by notlfylng the University, in a(wrdance wlth the Education Act 1994. Fu51 members may use Union services and take part In Unlon elections. Access to servlces and member conduct are govern8d by the Members, Code of CorKIu¢L Each member is liable to contributo £1 in the event of the Unlon being wound up. Elected Sabbatiixl Offlcers remaln full members of the Union for the duration of their temi, as provided in the Artide8. The Union may grant a&8odate membership at the dis(xetlon of the Board of Trustees. Assocwte rnembers are not members far the purposes of the Companies Act 2006 and have no voting rights. The Annual Members, Consultation and the Scrutiny Committee provide fomial mechanlsms through which members hold Twstees and officers to account in accordan￿ wilh the Education Act 1994. 6.4 Trustee Recruitment. Appointment, Induction and Training 8.4. 1 Recruitmgnt t?ridADnoinffm#sr)I The Unlon's governing document defines Twstees are appdnted and how thelr composltlon rnaintalns balance of studenl and external representation. During the reporting year the Board comwtsad: two Sabbatical Otficer Truste88, 818Ct8d annually by ooss-campus ballot two Student Trustee5, appointed by the Board and rattfied by the Scrutiny Committee four Extemal Trustees. appointed through open recruitment and interview one Unlverslty-appolnted Trustee. 21

Beds SU Registered company number 10823944 Charity re9iStèrad number 1173887 Report of th• tnMt•os for tho Yoar Ending 31st July 2025 {continued) This Struc￿]re remained consistent with the governing document. although two further Student Trustee p05ilions and the planned Communty Trustee role were vacant during the year to suppth an orderly transition following significant Board turnover. By the end of the financial year, 811 but one of the Trustees in post had joined the Board wlthln the previous twelve months. Extemal Trustee positions V￿re advertised publicly and shortlisted through the Appolntments Commitiee. Student Trustees were appointed following an open expression-of-interest process. Appointments were confimed by the Scrutiny Committee in a￿OrdanCe with the ￿VernIng document arKI then noted by the Board. The UnNersity-appointed Trustee is appointed by the University of Bedfordshire's Board of Govemors on the recommendation of the Wrthchancellor. following consultation with the Students, Union. The appointment Is subject to ratifrAtion by a process deten￿1r￿ by the Trustees. The role is voluntsry and independent of the Indlvldual's Universty employment, and the appointee serves in a personal cap8¢1ty with the same legal duties as all Trustees. Each category of Trustee serves a defined tem of office, as set out in the govemlng documerrt.. Sabbstical Officer Trustees - one year, renewable once (maximum two years) student Trustees - one year, renewable once (maximum two years) Extemal Trustees - up to three years, renewable once (maximum six years) Universty-appointed Trustee - up to three years, renewable once (maximum SFX yoars). These lirnts ensure regular Board rene￿￿1 while retaining sufficient continuty and institutional memory to support effecttve govemance. 6.5 Induction and tralnlng All Trustees rec8lve a comprehensive IrKluction that Introduces thelr legal and fiduciary responsibilities under charlty and company law, th8 Union's constltution. key policies and the strategic framework. Induction comprise5.' an online NCVO training programme on charity governance and trustee duties: an opw*lonal orlentstion session wtth senior staff, Introducing the Union's activities and services. current priorities and risk and insight on the beneficiary needs and intsrests serrfed by the charity: and, access to governing documents. audited accounts. strategic plans and board papers. Trustee5 are encouraged to Gomplete refresher modules and attend sector briefings or NUS Charity 8rKI NCVO events during their tem. Informal mentoring belween experienced and new Trustees can supplement this structured learnlng. 6.6 Board evaluation and g()vernance developmeiit The Board reviews its perfomance and governance 8rrangementS 8ach year as part of its planning and assuran cyde. During the reporting year Trustees undertook a fonnative evaluation through a structured discussion at the Board Planning Day (October 2024) and in Subsequent meeting5. Discussions considered the Board's composition. decision-making effectiveness and strategic focus. Trustees identified strengths In commitment and transparency, together with priorities for further development. Governance action plans induded: commencing an update of the Union's Articles of Association to modernise governance provisions" reviewing the Scheme of Delegation to clarfy decision-rrraking responsibilities; developing a succession plans for kèy personnel., introducing a Communty Trustee role and additionel Student Trustee positions to broaden diversity and continuty. Progress on these actions is monIto￿d by the Boarcl. All Truste8s Complete annual dedarations of interest, and any potential confllcts are managed in accordance with t Union's Confiicts of Interest Policy. 22

Bèds SU R•glst•red eomp•ny number 10823944 Charlty registeTgd number 117388T R•port of the trustees for the Year Endlng 31st July 2025 (contlnued) Trustees eonfinn that the Board operates in accordance with Ihe Charity Govemance Code's prlnclples of leadershlp. integrity, declslon-maklng. risk management and aquallty. They remain committed to maintaining govornance arrangements that are proportlonate, transparent and capable of 8UPPOrting th8 Unbn's long-tsrm strategy. 6.7 Organisational structure and nianagement delegation R 7 1 Govern8nce framework The Union operates withln a g0Veman￿ framework defsned by its Board of Trustees and detailed in a Scheme of Delegation. The Scheme is revlewed annually prior to the start of eath operating year (version July 2024 effecllve for the 2024-25 year). The Scheme specffies the matters reserved to the Board and thos8 delegated to Su1￿Committee8, the Chief Executrrfe OffFcer (CEO) and Senior Leadership Team and other decision-making groups. TNStees retain collective and uttimate responsibillty for all decisions and for the proper stewardshlp of the charity. 6.7.2 Board of Trustees The Board direrts the affair5 of the Union and ensures that it remalns solvent, we114Joverned and compliant with its charitable obj*, governing document and relevant law. It approv8s the strategic plan. annual bl￿gets, audited accounts and major policies. and mon6tors progress against agreed priorities. The Board also malntains oversight of the Unk)n's princlpal risks through a consolidated 'live' Risk Register, reviewed quarterly, arKI may veto or retum any declslon that could compromise the SIYS legal, flnancial or charitabla Integrity. From 1 July 2024 the Board comprlse8 not more than 11 members: up to two Executtve (Sabbatical) Trustees, four Student Trustees. knr Extemal Trustees arKI one Universty-appolnted Trust8e. The Board is chaired by one of the elected C<pPresidents (a sabbat￿al Officer Trustee). To maintain independent oversight. an Exiemal Trustee seNes as VIGe-Chair. Sabbatical Tnjstees are full-time paid officers employed under f￿ed-tern1 contracts In axordance wtth Charlty Cornmission guidance. They wtthdraw from all decisions relating to Iheir own employment or remuneratlon, which are determined by th8 Extemal and University Trustees. No more Ihan half of thè Trustees are reMUr￿ated In any year. A'sabbatlcal Officer Elecf status may supp(Yt contlnulty batwwn electlon and the commencement of term. 6. 7.3 Sub<on7mittees and governance bodies Flnance Sub-committee provides d8tall8d sc¥utiny of budgets. irFyear financial perforrnance and reserves pollcy. ensuring trustees meet their financial govemance duties. Human R&WUrC￿ Sub-commlttee oversees employee devèlopment plans, pay and grading, equality and div8r8ty, employment polrcy. health and safety, dats protection and other HR- and governance-rejated policies. Appointments and Remunerallon Committee oversees trustee r￿111ment and selection,. it also oversees recruitment, appolntment, remuneration and appraisal of the Chief Executive Officer. Senior Leadership Team Committee monltots operational delivery of the strategic armj operational plans and manages the charitys complian(x frameworks, such a8 health and safety. data protection and safeguarding. The off￿er Group acts as the Board's democratlc sub-committee, advancing student campaigns and policy priorities and holdiro offKers to account. From July 2024 its membership consists of two Sabbatical and four Part-Time Officers. Each body operates within temis of reference approved by the Br)ard lx established in byelavaB and reports fornially through the CEO or the relevant Trustee Chalr. 6.7 4 Managemenl and operalional leadership Day-to-day management Is delegated to the CEO who attends Boar(I meetings but holds no vote. The CEO is supported by two Deputy CEOS leadiry Resources and Membership activities as dir8Ctorates in the organisational Structu￿,. each ￿111 usually attend Board meetings. also. Rèsources covers finance, HR commercial activity arKI 80cial opportunities actrvities,. Membership covers representation aclivltles. advlce and Inforniation servlces. 23

Beds SU Règlsterèd company number 10823944 Charlty registered number 1173887 Report of the trustees for the Yéar Ending 3181 July 2025 (continued) Communlcations is a standalone team reporting to the CEO and works between directorates, and a Democracy Working Group brings relevant colleagues together from Membership and Communlcations In the planning and delivery of annual elecllon exerclses. The CEO and Senior Leadership Team are responsible ftjr operational planning, dellvery and compllance across all areas of the ¢harlty'8 v￿rk. Trustees recelve regular manag8ment infonnation. risk updates and performance reports through the established committee structure. The Board uses these assurance tyocew to test the continuing effectiveness of delegations and the suffldency of govemance overslght. 6.7.5 Volunteprs The Union's activities depend on the contrlbutlon of volunteers who give their time to strengthen the chariWs represenlation, communty and servic8 delivery. Thelr Involvement extends from governance and democratlc participation to peer support and event organisation across campuses. Volunteers indude external and student trustees, elected officers, course and faculty representats'ves. society and network committee members. and students supporting social and communty events. The Union provldes structured Inductlon. role-specific trelning and ongoing guidance or instructlon. (JIt￿-pOCket expenses are reimbursed where approylate. R 7 R nrnsJr)i.cs>finnal rp¢triinliirg ?094_?.4 During 2024-25 the Union undertook an organlsatFonal restructure In response to a material reductlon In recurrent funding from the University of Bedfordshire. The process was designed to secure the charity's financial viability while maintaining essential servlces and delivery of Its charitable objects. The review assessed each op8rational area agalnst statutory obllgations, Member n88ds and avallable resources. Staffing levels and role profiles were adjusted to brlng expenditure into line with income. with some posts reconfigured or reduced in hours and some removed. The Unlon's core activities of representation. advice. democracy and communty engagement were preserved. Fornial consultation was conducted in line wlth employment law and the Union's pOI￿leS and cultur8. The exerclse followed independent HR and legal advice throughout. Thè Board malntalned actlve oversKJht to ensure that any change was proportionate and consistent with the Union's purpose and values as a responslble em￿0yer and charlty. The restructure was completed by 01 August 2025. The Board will contlnue to monttor the Impact of the restructure on operational capacity and member experience during 202&26 as part of Its regular assurance cycle (ahead of a new strateglc plan in 2026). 7 7 Fnrthnnminn nni/tsrnJnno m2nanOm<bnf r<51/ifslAI ?n?6.9 The Board approved a comprehensive review of the Scheme of Delegation during the year to ensure it aligns with the new structure and refiects clarified accountability at Board, committee and management levels. Th8 revised framework and a refreshed RACI-based accountability map will tske effect in 2025-26. These developments are designed to strengthen govemance transparency. support effective delegation and further embed a(Lountability to Members and key stakeholders. 6.8 Relationship with the University (Education Act 1994 s.22 assurance) 6.8 i Statutory framework The Educatlon Act 1994 requires the University of Bedfordshire to take such steps as are reasonably practicable to ensure that the Students, Union operates in a fair and democratic manner and is accountable for its finances. This 24

Beds 8U Reg18tered company numb•r 10823944 Charity regi$t•r•d numbèr 1173887 Report of the trustees for th• Year Ending 31st July 2025 Icontlnued) duty Is fumlled through a Code of prac0￿ establlshed In the Jolntly approved Memorandum of Undor8tanding {MoU). The MOU defines mutual responsibilities for governan￿ a55urance, financial oversight and Gonduct of elections. No breaches of th8 Code of Practice were Identified in thg reportlng year. 6.8.2 Partnersl7ip and indepeiidence Beds SU and the University are autonomous organisations working in partnership for the benefit of students. The Union's Board of Trustees governs independently. holding full responsibilty for Its decisions, finances and charitable compliance. The Universit￿S Goveming Body meets its statutory duties for budget approval and financial monitoring, and receives the Trust8es' Annual Report and audited accounts for assurance. Regul* Ilaison bebjveen senior officers supports transparency and C￿rdInatIOn, and the Union Ix)ntinues to play an actlve role In Univwsity committees to strengthen Student Voice the quality of the student experience. In partnership the SU is often consutted or Informed on key matters of consideratlon regarding the unp1ersi￿S general management and strategy whllst Ihe SU also supports other key University compllance areas such as Prevent. safeguarding, discipline and complalnts and freedom of speech. The elected Sabbatical Offlcer Trustees also serve, ex offtGiO, as Student Govemors of the University. Their participation strengthens Ihe Student Voice in the University and aGknowledges the Su's role in representlng students. Any potential confiicts of Interest are declared and markgged in line with the Union's Confiicts of Interest Policy. 6.8.3 Funding and operational suppcrt The University provides a grant fundlng and In-kind support irKluding premises, utS1itles and IT infrastructure. In 2024-25 the grant was reduced as part of wlder institutional savings. with notice given of a further and more significant redu¢tK>n in 202&26. Both parues have worked construotivety to protect essentlal student-facing services and maintain the statutory functions of the Unlon. Trustee8 ￿nfirM fihat the Unlon remalned within its approved budget and that ￿ compliance concems wwa ralsad by eithw body. 6.8.4 Forward focus (Universty relations) The Mou is expected to be reviewe(l after the upcomlng strateglc planning cycle to ￿nfirrn that the assurance and partnershlp arrangements remain appropriate. Both organisations have reaffirnied their commitrnent to the 'crStkal frlend. model and to collaboration. The Trustees are satisfied that the Universty contlnue8 to meet Its statutory obligation5 under Section 22 of the Education Act 1 g94 2nd that Beds SU has operated in a fair. democratic and financially accountable manner throughout the yew. 6.9 Related parties and subsidiary relationships, Year ended 31 July 2025 The Trustees confirm compliance with the disclosure requirements of the Charities SORP (FRS 102) in respect of relaled parties and subsidiary Undertak[￿s. Beds Su's only related party is the University of Bedfordshire, within ￿Ose framework the Union operates as the recognised Students, Union under the Education Act 1994., Governance and assurance a￿angements are set out in Sectlon 6.5. The Unlversty provides a recurrent grant and In4(ind support; all transactions arg conducted at ann's length. The Unlon has no subsidiary companies or separate tradlng entitles, and rTro Trustee or key-management PW8onnel recetved any benefit other than aUth(￿sed contractual employ.ment or expense reimbursement. Details of any relatedyty transactlons are disclosed in Note 2310 the financlal statements. 6.10 Key management personnel The Trustees delegale day-tC￿aY management of the Chadty to the Chief Exacutive, supported by the Senlor Lead8r8hlp Team. coffiprising the Deputy Chlef Executive (Resources) and Deputy Chlef Ex&utive {Member8hlp).

Bèds SU Rgglstered company nurnbgr 10823944 Charlty rogistarèd number 1173887 Report of th• trustèes for the Year Ending 318t July 2025 {contlnued) Together they const6tute the charity's key management personnel for financlakreporting purposes under the Charlties SORP (FRS 102). The Human Resour￿$ Commlttee approves and oversees the Union's Pay and Grading Framework, which applies to all staff below Chief Executive, includlng Sabbatical Officers. The framework is periodically revlewed using benchmarking and affordabilty evidence in parallel to strategic goals. The Chief Executive sets its strategic direction and ensures its consi5t8nt application across the organisation. Remuneratlon for the Ch18f Executive 15 det8miined separately by the Appointrnents and Remuneratlon Committee, acting under delegated authorlty from the Board. and incorporated Into the Pay and Grading Framework. The Committee consults the Finance Committee on affordabilty. Two Trustees are Sabbatlcal Offi￿rS who are remunerated for thelr roles as elected student offI￿r$. No other Trustee receNed remuneration or benefrts from th8 charity. Trustees are reimbursed only for reasonab￿ expenses. The Twstees confirm that govemance over senior pay and the Pay and Grading Fr8mework remains appropriate to the Union's scale. complexity and public-benefit purpose, meeting the standards of the Charities SORP and Charity Commission guidan￿ (CC17). 7 Rlsk management 7.1 Risk govemance frarnework (Board and Committee oversight} The Trustees lake an active and proportlonate approach to managing risk. Beds SU maintains a live risk register, reviewed by the Board each term and by suboommittees for specialist areas such as finance, people and health and safety. The register is regularly tested to ensure miligatlons are working, updated through discussion between the CEO and the Board and aligned with Strategic Measures and p8rformanc8 reporting at each meetlng. This framework facilitates effective horizon scannlng. helping Irustees iderrtify emerging or evolving risks earfy, enabling the trustees to safeguard the charity's mlsslon both now and in the long term with confident plannlng for the future. It also promotes cllligenGe in the Union's engagement with Members, staff, assets and key partners and stakeholders, ensuring trustees can fuffil their legal dutFes as responsible stewards of the charity. The T￿￿teeS Ilnk the risk register to reseroes and cash-flow planning to ensure the Gharitys ongoing resilience. The comlng year brings signlficant organlsational chang8 and sector uncortainty and thls framework ensuw that Beds SU can plan ahead, adapt confidently and keep students, interests protected. That risk management is embedded across planning and declslon-making. supports the charity's stablllty and public4Jenefit goals. 7.2 Principal risks and current outlook Risk Current outlook 1 Student engagement and loyalty Improvlng Stable l under review 3 Financial dependence on the Unlversity | 4 Partnership and relatlonship health Sensitive to change I Stable I potentlal to be improved 15 Workforce capacty and inclusion Improvlng 26

Bgds SU Reglsterèd company numb•r 10823944 Charlty reglstor•d number 1173887 Report of the tNst•es for the Year Ending 31st July 2025 (continued) 7.3 Prlncipal risks. explained Risk What it means for B￿$ SU and Members How it's managed (key mitigations) (Slgnificance and Nature of Risk detailed) 1 Student en ement and lo alt Dlrecty Ilnked to Beds Su's charitable purposes. Affects credlblllty wlth Member8 and regulators. Decllning Member attachment and Inconslstent partlclpatlon threaten representatlona legitimacy. Uneven engagement across Member groups could lead to Inequlty and loss of confKlenc8. Fewer Members taking part or feellng connected to the SU ¢ould weaken our Infiuence and abillty to speak for all students. New ddlvery model arKI officer structure", more cours￿[ presence,. tarWed outreach," regular student-feedback checks. 2S aceand h sical resence Limited or changing access to Uni spac8S could rethce how vlslble and accessible our services are for Mernb8rs. Restricts dellvery of equilable, high-quallty 8ervic&8 and (xxnmunity coheslon. Access to approprlate spaces subject to Untverslty control and commercial priorities. Estste uncertainty and potentlal displacement of SU &tivity could reduce access and visibilty. Rewlar meetings wlth Unlversity Estates and Commercial tsams: relocation to more vlsible space at Luton: scenarfo planning for future needs. 3 Flnancial de endence on the Unjversit Fundlng reductions or unilateral operational con5tralnts (IT. estates) could endanger Su's independence, r88ili8nce and se￿CeS. Cuts or d8Ws to the Unlversity grant, or changes to shared systems, o)uld affect staff security and core SeN1￿$. High-level Uni engagement wilh Uni; carefvl flnancial planning and re- foreca8tlng,' grant dlscussions: reserves policy; evidenc&based proposals. 5% (24-25) and 20% {25-26) grant reductions highlight material exposure to Uni decisions. Uni financiallleadership instability heighten uncertainty. 4 Partnershi and relationshi health Missk)n advancement requlres fundloning. respecfful partnership. If weakened, capaclty to deliver on charitable goals is Impaired. Titt to restricted or onHided engagement or consultation undermines relationship confKlence. Upcoming change in Uni leadership and strategic-plan renewal wesent both opportunity and exposure. When the Unlon and Univer8ty don't work well together, Member5. voices risk belng missed in d8clsk>ns that affect them. Linkage wlth senior Univ8rsty groups; regular contact with leaders and govemors; demonstrating value.. strategy engagement I and Mou review. 5 Workforce ca acit and inclusion If we can't attract, keep or Indude the right staff, the quality and consistency of support for Members could fall. Falr recrulbnent and pay framework; wellbeing and training offer. 8tsff- feedback checks; equalty and diversity actions reviewed by HR Committee. Impacts organlsatlonal resilience, continuity and credibilty among diverse Membershlp. 2025 restructure reduced worlrforce size and diversity. Pay 81ignment with Unl Ilmms competitiveness." workload and progression challenges persist.

Beds SU Rag18tered company numbèr 10823944 Charlty registered number 1173887 Report of the tN8tees for the Year Endlng 31st July 2025 (contlnued) 7.4 Managing Wider and Operationil Risks AlorrfJside th8 major risks set out above, the Trustees and Senior Management T8am k88p a close watch on a wider group of day-to4ay and compllance risks. These Include cyber securty, data prolection. safeguarding, health arKI safety. staff wellbeing. and the continued revlew of govemance and pension cornmitments. Each area has a clear Mier (re Scheme of Delegation or policles) and routine checks built into committee cydes. All staff complete mandatory training, and the Board receives regular assurarrn updates from the CEO arKI committees. Recent audits and pollcy updates have St￿ngthened controls and stsff awareness. These measures help keep Se￿IceS saf8. reliable and lawful for students and staff. 7.5 Financial resilience and Reserve position As part of regular rfsk wew the Trustees consider the charity's reserves and cash-flow position to test ongolng resilience. This includes scenario testing for unexpected income shocks and ensuring that free reserves remain sufficient to protect essential seNir2s. In the ￿porting year. Trustees revisited the high-level contlngency approach first developed in 2022-23, using It to inform discussions on the w)jected reduction in University grant fundlng and to assess the adequacy of reserves under a range of potential outcomes. This process rnaintained confidence In the Union's abllity to continue as a golng concem under funding stre5S. 7.6 Risks Shared with the University Some risks sit partty outside Beds Su's direct control. Trustees see these as 'second-harKI° rlsks that wuire Influen￿ and cooperation rath8r than direct Ix)ntrol. Because the Union depends on the University ft)r funding, digital systems. estates and student recruitment, Ghanges in those areas can quickly affect how we operate. If the University experien￿ malor system failure, cyber-attack. industrial action or recruitment shortfall, the Union could face service disruption or extra pressure on support teams. To manage this the Union works closely wlth un￿erSity colleagues ensuring that shared rlsks are recognised eady th Beds SU induded in planning and response wDrk. Beds SU reduces 8Xtemal exwsure through active boundary spanning In the Universty community: the deliberate building of links across organisational boundarles. which helps the SU stay infomied. Shape dlscussions arKI advocate for Members when issu8s arise. Delivering well on the Unton's own strategy further strengthens credibility: the more effectively Beds SU supports arKI represents students, the stronger its irffluence and protection from wder institutional risk. The register links dlreGtly to financlal plannlng. reserves and workforce prrortties. The coming year will see a new University leadership team arKI a strategic-plan revlew. both of which bring change but also fresh opportunltles to reinfor￿ the partnership. Public Benefit Statempnt The Trustees conflrm that they have had due regard to Charity Commission's guldance on public benefft when exerclslng thelr dutles and in planning and delivering all aclivities report8d in thls document. Through its representation. advice. community activities and Membership seniices and programmes. the Unlon advances the education and welfare of students at the University of Bedfordshire for the public benefit. These activities set out In Sectlons 2 and 3 ensure that every student has a voice in shaping their education, access to falr and independent support when needed, and opportunities to lake part in an incluslve campus Community. Th8 Trust8es are satisfied that all the Union's purposes have been carried out for the public benefit durfng the year and that its resources have been aP￿led solely tr) further tts Gharitable objects. 28

Bads SU R•glst•red company numbor 10823944 Charity raglstered nLrrnber 1173887 Report of tho tn￿te85 for th• Year Endlng 31 st July 2025 (ContInu￿) Tru8tee$' Declaratlon and Approval The Trustees confinn that they have had due regard to the Charlty Commisslon's guidance on publlc benefrt when exercising their dutss and Sn planning and delivering all activiiies reported in this document. On behalf on the trustees Caius Hamilton -Sabbatlcal offlcer Hauwa Ataja - Sabbatical officer 15 December 2025 15 December 2025 29

Bods SU Regist8rnd company number 10823944 Charity regist&rsd number 1173887 Report of the trustses for the Year Endlng 311t July 2025 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BEDS SU Oplnlon We have audbt8d the finanrjal statem8nts of Beds SU lthe'charitablg company.) for the year ended 31 Ju 2025 which comprise the Statsment of Financlal Activities. the Balance SheeL the Cash Flow Stat8men( and notes to the financial ststements, including a surnmary of 8lgnlficant accounting policies. The finanaal r8PQrting framework that has been 8pplled In their preparation18 ap¥Aicablo law arKI Uniiad Klngdom Acoountlng Standards (Unlted Klngdom Generally A￿pted Accountlng practi￿). In our opinion the finana81 statements.. glve a true and falr vlew of the State of the tharita￿e companV8 afPdirs as at 31 Juiy2025 and of its Incoming resourc4s and appli¢atKJn of resources, includirKJ ils income and expendltura. for the year then ended: have been properfy prepar8d in arLOrdan￿ wlth United Kingjom Generally Accepted Accounllng Practlce,. and hav8 been prepared In accordance wlth th& requirements ofthe Companle8 Act 2006. Basis for oplnlon We conducted our audlt En accordanca vrith Intemational Stsnd8r(Is on Audiknng (UK) (ISAS {UK)) and wpIl(￿b1o law. Our resFM)nsiYJiltties underthose stsndards are fvrther descrfbed in th8 Audlior8 reSpOn￿bIlItieS for the audit ofthe financial statements sedon of our report. We are independent of the charftable compary in accordanc8 v￿th the ethical requirements that are relevant to our 8udit of th8 Ilnancial statements In the UK. irKludlng FRC'8 Ethical Stsndard. and we have lulffilled our othor ethtcal responsibilities In acwrdance with these requlrements. We beli8V8 ttrAt the audtt evklence w8 havè obtalned 1$ wfficlent and appropriate to provide a basls for our opinion. Conclu8lons rnlatlng to golrwJ concern We have nothing to repxjrt in r8SPèCt of the foll￿ng mattèr5 in relatlon to whloh the ISA8 (UK) requlre us to report to you vthere: the tnjstees, use of the golng con¢8m basis of accountlng in the PTeparalton of the financial statements is not appropriate; or the trustees have not di%ksed in the finandal 8tatem8nts any idenlified rnateTial unc8rt8infje6 that may cast significant dothl aboui the charltsble companys abilty to continue to adopt th8 going COn￿M basis of account1￿ fvr a pgriod of at least knvelve months from date when the finano¥al statsments are authorfsed ft)r issue. Olher Information The other infonnation comprfs88 the inlomiation Included In the annual rèw)rt, other than the finanaal 8t8tements aThJ our Report of the In(ty￿ant Auditors thereon. The tnJ8tee8 are r8spon8ible for the oth8r infonmatlon. Our OPTnion on the financAal statements does not cover other Infom18tion 8nd, except to the 8Xt8nt otherwlse explicitty stated In our report. W8 do not express any fomi of assurance concluslon there(￿. In connedon wilh our audlt of the fin8ndal statements. our re8FK)nslbllty Is to read the other Information and. In dolng so. con81der￿oth6f the other Infomallon is materially Inconsistent wth the finandal statsments. or our knowledge obtsin8d In the audit or otheThvlse appears to be materially misstated. Ifwe Identrfy such matertal In¢onsistencie5 or apparent material misstatements. we are required to determlne whether there is a matsrial rni5Statsment in Ihe finandal statements or 8 rnaterial rnisstatement of tho oth9r Infonnatbn. If. based on the woth we have perfOrn￿d, we conclude that thore is a materlal rn18Statement ofthis other Informatlon. vrn ar8 requlred to report that fad. We have nothlng to report In this rBgar(l. Oplnlon on other matters prescrfbod by the Companlos AGt 2006 In our oplnk)n, basgd on the undertaken in the course of the audit: the Infomation gIV￿ in the Report of the Tru8tees, which includes tha directors. report prepared for the rposes of company law. forthe financlal year for vthlch th8 finan¢ial statements are prepared is con&stent wlth the fina￿181 Statements., and the thrèctor8' report includ8d within the ReF(t of the Trustees has been prepared in accorda￿ applicable legal requiremants. In our opinion, based OD the work undertaken in the course of the audiL' Ihe information giv8n in th8 Report of the Trustees, which includes the dlrectors, Teport prepBred for th8 purposes of company law, for the financial year for which the flnanolal statements ar8 prepared is cuislstent with the flnanclal statemants: and the directo￿, report included wlthin the Roport of ihe Trust88s ha8 been prep8red in accordance vlth applcabl8 legal requirements. 30

Beds SU Rgglsiarad Company nymbar 10823944 Charlty registeTed numbor 1173887 Mattsrn on whlch wo ar• r•quIr￿ to report by exceptlon In the light of the knowledge and understanding of the charitable (xxnpany and its environment rt)talned In th8 c￿r8e of the audit, we have not identified matertd misstat8m8nts in the di￿. report induded wlthln the Rep(xt of the TNstee8. We hav8 nothlry to report in respect of the follthmng matters where tro Compani88 Aot 2006 requlr88 US to report to y¢)u W, In our opinion". adequ8 ac£ounting and propor re(ths have not b88n k8Pt or reknms edequate for our a￿lit have not been re￿Ived from branches not v16ited by u5- or the finar￿[al atsments ar8 not in agreement with the a￿)untIng records and Tetum8," or certain d8cIo8ures of trust88s' remuneration 8pecffied by law are not rnade. or we have not received all the irrfO￿at1on and explanations we require for our audit: or the trust8es were not enliNed to take 8(Tr4antage of the small companies. exemption frrxn ts r8quirement to prepare a Strat8gc Rewt or in praparfng Iha Report of the Tru8tee& Re$ponslbllltkn8 of trust¢es A8 explalned more fully in th8 Statement of Trustees Re8ponsibilllle8 {98t (xrt on pag8 19>, the tru8te8s (who are a180 th8 dlrectord of th8 charitabl8 cornpany for the purp0888 of compary law) are responsible for the preparatlon of Ihe financial thtern￿ts and for being satlsfied that they give a true and fairTrAew, and for suth Intemal control as the tN8tees detemine is n￿eSsary to ￿ble the preparation of flnancjal Statern￿ts that ara fr8e from materia misstat6men( whether due to fraud or emjr. In preparing the ffinancial statemerrts, the Irusiabs are respon8lble for as8e8slng the charitab18 compary's abillty to ￿niInUe as a going concem. d18¢108iThJ. as applicable. matters related tr) golng ccfflcem and usirwJ the golng cOn￿M basis of acwurtiry unless the trustees oither intend to liquidate the charilable company or to cea8e op8ratk)ns, or have no r8alistic altemative but to do 80. AudIt￿5 rn8pon8lblllll•• for the audlt of the flnanclal •latemnt8 Our obi8Ctive8 are to obtaln reasonable assurance aLx)ut whether Ihe Ilnan¢bl 8tatements arn frae from materf81 M1$81at0n￿nl whèthèr due to fraud or error. and to18su8 an audito￿$ report that indud06 our oplnlon. Rea8onatrAe 858uTrnce is a Ngh level of assurance but is not a guarantee that an audFt coThluct8d in a￿Ordan￿ wllh ISAS (UK) will a￿ayS detect a material misststernent vthen it exlsts. Misstotements can arlse from fraud or errDr and are considered material rf. indr¥idualty or In the aggwat8. they could reasonably expg¢ted to Influence the aconomlc d8cisk>ns of u8ers tsk8n based on th888 financial Statements. Because of the inherent limitatlons of an audil, there is a risk that ￿ VAII not detect all Irregulariti￿ inrjudlng Iho881&8(ng to matedal misstal8ment in the fIna￿la1 statements or nonacompliance v￿th regu18tion. This rfsk increa58s the more tst o)mpllance with a law or reguloliw 18 removed from the events and tran$acLions refiected in Ihe fjnanclal stat8m8nts, as we wlll be less likely to become awarn of insl8nc88 of n(￿&CoMPlI8n￿. The rfsk is al80 gr&2ter regardlng Irregulariti88 0¢￿r￿ng due to fraud rath8r than error. as tra￿1 involve8 Intentional concealmenL forgery, collusion, (xnlg8k)n or mlsrnpre8entalk)n. Irregularities, Indudiru fraud. are instan(xs of nonwC(npllanc6 with lav•S and regulations. We design procedures In line with our r88ponsibilities, ouU1r￿ above, to detect matsrial misstatements In re8FeCt of Irr8gularittas, Indudlng fraud. [￿r apprDach to identfying and a88￿1ng the rlsks of mat81ial misstatem6nt in respect of irregularities, induding fraud was as follows., 8nqulry of management and th0$8 Char￿ with gov8man¢e around actual and potentlal ￿￿jatiOn and daims; enqulry (rfentty stsff and the l)oar(l of director5 to identify any instsncgs of non4omplianc8 Wtth laws end regulations., and reviewkng )Inancial statement dlsc106urEs and testing to SW>p￿ti￿ documentstion to ass￿ (xmpliance with atvlicable law8 and r8gul8tlons We Identlfied th8 greatest rlsk of matarfaf on ￿ finandal 8t8tsm8nts from irrggularllle& I￿ludI1¥J fraud, to Involvo the followlrrfJ key rf8k8: Related party transacllon8 and as8Ociat￿ dlsdosur8s' Managan￿t bias through the overrlde of controls by Managern￿, A¢curw of Ihe financial statements. and Revanue recognitlon and a￿Cla￿d dsclosures. To address the rfsk of fraud through rolated parties, v￿. obtslned and wewed all dlsclosed links to th8 charlty by an reknBnt Indlvlduals; and reviewed all di*losure8 vAth reference lo the SORP starKlard and Company'8 Act %JO6. To address th8 risk of fraud through management bla8 and overrid8 of ￿ntrol$. we: perfo￿￿￿ analytical procedures lo Identy any unusual or unexpected relationships. tested I￿rnal 8ntrie$ to identify unusual transactlons. assasseil wlther judgements and asyjmptions made In d8temlnl￿ arzountlng estimates ￿r9 indicaove ofwtsntlal bl88,' and knveslgated the raIOna￿ behlnd s￿n￿l￿nI or unusual tran8acliorr6.

Beds SU Reglstered ¢ompany number 10823944 Charlty reglst•r•d number 1173887 To address the rfsk of frdud through Inac¢uracies in the statements arKI (fisclosures, we: reviewed th8 drdft accounts ensuring the arlthmetic integrity of all statements and as8ociat8d noted: and rBvlewed all disclosure8 wlth raf8rence to the SORP standard and Companyb Act 2006. To address the rfsk offraud In relatlon to rev8nu8 r8cognlUon. wè: perfomied detailed wbstantlve testiw to addre88 ¢omrAeteness and accuracy of inc(xme. assessejj the apFrylaten8ss and applicallon of the accounllng pofiw ¢onceming inrA)rne recognitlon. A further descflption of our rBsponslbilltres for the audtt of the finandal st*aments Is l¢)cated on the FInanch￿ R8portir¥J Counol's website at: hx,. .:.'lfv.vDAI fr.0..&.J￿0Ur.wlorfKlAudIVAualt￿nd-￿851'r2D.ceISlarIGaf(j8-anU-,.L1daplrti,'St￿Tr[i8rd3-aThL1￿ uiddr,Trtr-for_ aLNJitorfs reporL -for-aJaiL,.si x . This desoipti'¢)n fomis part of our Use of our report Th15 report Is mada solely to the charitsble company's members. as a body. in accordance with Chaptsr 3 of Part 16 of the Companies Act 201￿. Our aurfrt VK)rk ha5 been undertaken so that we might state to the charitable company's membeTr thos8 matters we are requlred to statè to them In an auditors. report and for no other purp08e. To the fullest extent pernitled by law. we do not a￿ept or assume responsibility to anyone otherthan thè Gharftable company and the charllable companys memb&rs as a body. for our audltmfjrk. for thls report. orfor the opinions we have fomied. Tara Akfr￿n ACA (Senkir Statutory A￿l￿r) for and on behalf of FKCA Llrn 260-270 Butterfield Pork Great Marlings Luton Bedfordshire LU2 8DL Date.. 32

Beds SU Reglstered ¢ompony numbar 10823944 Charity TegisteTed number 1173887 STATEMENT OF FINANCIAL ACTIVITIES {Including income & expenditure) FOR YEAR ENDING 31•t JULY 2025 Unr•8trict•d Funds Restrlcted D•8lgnated Funds Funds Total 2025 Total 2024 INCOME Donations & grants 1,247,876 39,298 1,287,174 1,269,597 Charitable activities Other trading acttvities Income from Invesiments Income from charitable activitks 283.236 6,275 67 283,236 6,275 8,048 421.633 6,192 7.981 other Income Total Income 200 1.584,733 1,697.622 47.279 EXPENDITURE Raislng Funds 616,848 14,080 630,928 695,413 Charitable 8CtNities Social opportunities Student Representation Student Servlce & Information Member Communication Total charStable expendlture 106,291 371,705 231,582 11,004 12.888 8,873 117.295 384,593 240.455 120.934 420,697 221.385 183,148 892,726 6.046 38.811 189,194 182,460 931,537 945,478 Total Resourcts expended 1.509.574 1.562.465 1640 849 Net incomel{expondltur•) 22,268 56,773 Transfer between funds (30.441) 30,441 Net movem•nt In fund8 5,612 22.268 56,773 Reconciliation of funds Totsl Funds Brought forward Totsl Funds carrled forNard 354,809 352,248 13.710 8,098 472:316LL103:797)_(160,570 441,875 103,797 The Statement of Financial Activitiès includes all gains and Ioss8s recognised in the year All income and expenditure derive from continuing activities. 33

Beds SU Reglstered Company numb•r 10823944 harlty règlstèrèd number 1173387 BAIANCE SHEET AT 31st July 2025 Flxod Assets Tangible assets 14 26,998 41.647 Current assets Stock Debtors Cash at bank and In hand 10,190 60.886 421.561 492,637 11,143 91,497 402.327 15 Creditors amounts falllng due within 16 one yoar (143.131) {149,233) Net current assets Total assets less current Ilabllltles 349,506 376,504 355.734 397.381 Defined b8ngfit pension scheme liabilty 17 (468.033) (501.178) Total net liability (81.529) (103,797) Funds Unrestricted funds: General fund 19 352,248 Restrlcted funds: Designated funds: 20 8,098 (441,875) 13.710 (472.316) Total Fund8 {81,529) (103,797) These financial statements have been prepared In accordance with the provisions applicable to charitable companies subject to the small compani8s' regirne. Th8 financial statements were approved by the Trustee'5 on the 151h December 2025 an¢J were signed on Its behall On behalf on the trustee5 Caius Hamilton - SabbAtlcal officer Hauwa AtaJa- Sabbatical offlcer 15th December 2025 15 December 2025 34

89d$ SU Regi?tered company number 10823944 Charity règistered number 1173887 sTATEmE￿r OF CASH FLOWS FOR THE YEAR ENDING 31st JULY 2025 Year Ending July 2025 Year Ending July 2024 Cash flows from operating activrties: Net cash provided by operatlng activities 21 16,210 20,495 Cash flows from Investing activities Cash flows from investing activtiies: Sale of tangible fixed assels Purchase of tangible assets Net Gash used in Investing activltles 6,275 6,192 200 {5,944) (3,251) 3,024 Net Cash Flows: 19,234 20.943 Change in cash and cash equlvalents in the reporting period Cash and cash equivalents at the beglnning of the reporting period Cash and cash equivalents at the erld of the reporting period 19,234 20.943 402.327 381,384 421.561 402,327

Bods SU Regl$teTed company number 10823944 Charity registered number 1173887 10 NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 3181 JULY 2025 i.Accounting pollclos 1.1 Genoral Infonnatlon and legal status of the Unlon Beds SU is a chartiable company Limited by guarantee and dorniciled and incorporated In England and Wales. The registered office is detailed within the legal and administrative infomialion page. The presentation currency of the financial statements is the Pound Sterling (£). Beds SU is a company limited by guarantee and has no share capital. In the event of the Gharity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 12 Basis of preparation and going concern basis Th8 financiai statements have been prepared in ac￿rdanCe with Accounting and Reporting by Charities: Statement of Recommended Practlce applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) (Charltles SORP (FRS102)), the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and Companies Act 2tKI6. Beds SU meets the definition of a public benefit entity under FRS102. Assels and liabilities are initially recogni5ed al historical cost or transaction value unless otherwlse stated in the relevant account pollcles. Beds SU received a block grant from the University of Bedfordshire and occupies part of a unrversity bulldlng. The University pays for pr8mises. utilities and IT infrastructure. Although Beds SU continue5 to generate funds from various trading activitl8S. it will always be dependent on the University's support. There are no material uncertalntles about the charitable company's abilily to conlinue as a going concem. The principal accounting policies adopted. judgements and key SoUr￿S of estimation uncertainty in the preparalion of the financial statements are as follows: 1.3 Fund accounting General funds are unrestricted funds which are available for use at the dIsC￿tion of the trustees in furtherance of the general objectives of the charity and which hav8 not b88n dèsignated for other purposes. Deslgnated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are funds which are to be used in accordance with specific ￿$trICt10n$ imposed by donors or which have been raised by the charity for purposes. 1.4 Incoming Resources All incoming resources are recognised in the Statement of Financial Activities (SOFA) when the Charity is entilied to the income, it is probable that the charity will receive il and the amount can be measured reliable_ Incoming resources are not shown net of related expenditure. All incoming reSoUr￿S are st8ted net of VAT and discounts were applicable. Grants receivable from the University of Bedfordshire are ￿cOgniSed when they are receivable and in line with the payment dates. Where income is received for specffic purposes but not expended during the period is shown in the relevant restricied or designated fvnds on the Balance sheejt. Wh&r8 income Is received in advance of entillemerrt of receipt. it is deferred and included a5 deferred income. Where entitlement to incom8 occurs before it is received, the income is included as accrued income. Trading income and income from charitable aclivities are recognised in th8 accounts over the period the income relates to. Where this income relates to more than one reporting period. income will be defarred accordingly.

B•ds SU R•gl$tor•d company numb•r 10823944 harity registerod number 1173887 NOTES TO THEACCOUNfs (continu Facilities provided by the University of Bedfordshire are included at the estimated at a fair market cosuvalue to the charity. where thls can be quantified. A fair market rent value is calculated on the square footage based on local Current rates and utllities calculated on the national average of similar facilities. No amounts are included in the financial stalements for services donated by volunteers. 1.5 Resource5 expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accrual basis and is stated net of VAT where relevant. Support costs are allocatod between the expenditure categories of the SOFA based on usage of the resources. Overheads. support costs and other costs not directly attributsble to functional activity categories are apportioned over the relevant categories on the basis of management estimates of Ihe amount attributable to that activity on a per capita body basis. 1.6Tangible fixed assets and depreciation Tangible fixed assets are staled at Gost less depreciation. Depreciation is provided at rates calc.ulated to write off the cosl less estimated residual value of each asset over its expected useful life. The applrcable rate is 20-33 % per annum on Fixtures, Fittings and Equipment. 1.7 Stock Stock is valued at the lower of Gost and net realisable value. 1.8 Penslons The Union participates in the Students Union Superannuation Scheme (SUSS). a defined benefrt scheme whiGh is externally funded and contracted out of the State Second Pension. The fund is valued at least every three years by a professionally qualified independent actuary with the rates of contributlon payable being determined by the Trustees on the advice of the actuary. Whilst the scheme operates a pooled arrangement. under FRS 102, a contractual agreement under a multi- employer defined benefit scheme to fund a past deficit should be accrued for as a liability discounted to net present value. As at 31st July 2025, the liability to the Union was calculated as amounting to (£501,179). The Union also runs a stakeholder pension for employees with NEST with an employer contribution of 30A. 1.9 Taxation No provision has been made in these accounts for corporation tax since Ihe Union is exempt from such iaxes a5 a result of having charttable status. 1.10 Financial Instruments Beds SU only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognlsed at transaction value and subsequently méasured at their settlement value WTih Ihe exceplion of the pension deficit which 15 set out in 1_8 above. 1.11 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discounl offered. Prepayments are valued at amount prepaid net of any trade discount due. 1.12 Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturty of three months or less from the date of aGqUiSition or opening of the deposit or similar accoLJnt. 1.13 Creditors and provisions Creditors and provisions are reGognlsed where the Gharity has a present obligation resulting from a past event that will result in the transfer of funds to third party and the amount due to settle the obligation can be rneasur8d or estimated reliably. Creditors and provisions are normally recognisèd at their settlement amount after allowing for any trade discount due.

B9d$ SU Reglstored ¢ornpany number 10823944 Charity ￿gIStered number 1173887 NOTES TO THE ACCOUNTS (continued) 2 .DonalTons and grants Unrestricted Restricted Funds Funds Totsl 2025 Total 2024 Donations in kind Grants, receivable for core actwities 229,647 1.018.229 229,647 219,434 1.057,527 1,050.163 39.298 1.247.876 39,298 1.287,174 1,269,597 Donatlons in klnd Facllltles in kind provided by the Unlversity 229.647 229.647 219.434 229,647 229.647 219,434 Grants received for Gore actlvltle8 Block grant from Unlverslty Other grants 1,018,229 1,018,229 39,298 1.057.527 1,042,813 7,350 39,298 39,298 1.018,229 1.050,183 3 .Other Trading Activities Income from tradlng Total 2025 Total 2024 The HUB Venue The Metro Kitchen The Melro Bar Media Sales International StudenLq recharge Marketing Sports awards Total 21,413 106.580 30.600 19,665 104,778 200 283.236 22,968 106.293 48,388 25,058 218,926

Bèds SU RÈgistèr8d company numbèr 10823944 Charity registered number 1173887 NOTES TO THE ACCOUNTS (contMued) 4.Income from Investments Total 2025 Total 2024 Deposit Account interest 6,275 8,192 5.Income from Charltable activitles Unr•stri¢tad R•stri¢ted Funds Funds Total 2026 2024 UOB Grant GAP stud8nt placement Stalls deposits 7,981 7,981 67 67 67 7.981 6.Other Income Unrestrieted Restrwcted Funds Funds Total 2025 Total 2024 S* ofF￿a Asset 7.Expendlture on Ralsing Funds: Trading ¢08ts and expenses DlreGt ￿sts and oporating expenses Unrn8tr1ct•d R•8trlGtgd Funds Funds 2025 2024 The Metro Kitchen The Metro Bar The HUB Interrotlonal student payroll Media Sales Total 187.969 88,503 153,421 104,579 4.004 191,973 88.504 153,421 104,579 181.787 93.429 129,383 218.799 10,002 10,002 548,478 8,979 39

Bads SU R8giÈter8d company number 10823944 Charity r•gi5tgrgd nLrmbor 1173887 NOTES TO THEACCOUNT5 (continued) Support costs Metro Kltchen Metro Bar HUB Venue Total 2025 Total 2024 Facilities provided by UOB Governance 3,041 2,028 2,172 7,241 6,842 1,119 746 2,665 2,215 Depreciation Staff Costs Other Total 1,388 19,152 9.928 34,628 926 12,788 6,619 3,306 45.600 23.639 82,450 3,452 37,466 13.061 13,680 7,092 24,735 .Charitablo Activlties Costs Direct Support Costs 188e note 9> Total 2025 Soclal Opportunities Student Representation Student ServI￿s & Infomiatlon Members Communications Total 95,583 297.742 182,555 21,713 86.850 57.900 117.296 384,592 240,455 145.769 43.425 189,194 721,649 9.Support costs Soclal Student Student Members Opportunlties Representstlon Services & Communica- Infomiatlon tlon8 Total 2025 Facilltles p￿ded by UOB Govemance Depreciatlon staff Costs Other Total 2,171 8.689 5,793 4,344 20,997 799 3,198 3,968 54,720 16,276 86.861 2.132 2,645 36,480 1.599 1.984 27,360 7.728 9,589 132,240 39.334 13.680 4.069 57.901 43,425 40

Beds SU Registered compary nurnber 10823944 Charity registered number 1173887 NOTES TO TrIE ACCOUNTS (conlinuedl 10.Net Income {Expenditure) Net incomel(expenditure} is stated after tharging 2025 2024 DepreCia￿n Nalional Union of Students Aud￿Or8 ReMU￿ratIOn 17.899 24961 9.675 19.434 23,270 9,225 11. Trustees Rgmuneration and benefits Payment to the Sabbatical trustees is pemiitted in Beds SU Constitution on the basis that not more than half of the trustees serving re￿1Ve remuneration from Beds SU. The total cost of the four Sabbatical trustees to the Union was £54.561 (2024 £100.022) including Nl costs of £4,090 {2024 £7,440). Penslon Benefits were pald of £1.237 (2024 £2,395) Sabbatical trustees received remuner2tlon for thelr employment with Beds SU as Sabbatical Officers and received no remuneratlon for their trusteeship. The trustees who received payment during the year a￿ as below Trustee name Remunaration received 2025 Penslon Benefits received 2025 Oluwaseyi LtJVO Chidera Umeh Hauwa Ataja Caius Finn 22,208 16,996 2,035 9,232 510 61 Trustee expenses of £82 were reimbursed to two trustees (2024 £109) 12. Employees Total 2025 Total 2024 Wages and salaries Voluntary Severance Payments Social Security costs Other Pension costs 881,730 23,815 76,141 22,623 1,004,309 972,853 76,733 24,982 1,074,568 41

Bells SU R•gisttred company number 10823944 Charlty r•glstered number 1173887 NOTES TO THE ACCOUNTS (Gonbnued) Nurnber of employ••s The average number of employees during the year was: 2025 number 2024 number Social Opportunities Studenl Representation Student Services & Infomiation Members Communication Trading activities Administration and management Student Staff Internation81 Student Staff 15 24 61 15 24 63 42

Bods SU Reglstgrgd company numb•r 10823944 Charlty roglstered number 11738BT NOTES TO THE ACCOUNTS (G￿t￿L￿d} 13. Comparativas for thé Stalemont of Flnancial Activltl srATEMENT OF FINANCIALACTIVITIES (Including Income and expendlture) FOR YEAR ENDING 31ttJULY 2024 Unre5tr1cted Restrfcted Designated Funds Funds Funds Total 2024 Total 2023 INCOME Donatlons and grants Charltable actlvltles Other trading actlvltles Income from Investments Income from charitable artivltles Other Income 1262.247 7,350 1,269.597 1.224,483 396￿75 6.192 25.058 396.575 6.192 25,058 420.263 3N73 20.158 200 2fXI Total Income 1,690.272 7,350 1,697,622 1,672,200 EXPENDITURE Raisin8 funds 681￿43 4.591 686A34 733.385 Charitable activitles Social Opportunitles Student Representatlon Student Servlces & Information Members Comrnunlcatlons Total charitable expenditure 120,934 417AOS 220,013 120.934 420,697 221,385 71,011 441,037 114,261 1.372 191.399 949,751 191.399 954h15 270,031 896.340 Totsl resources expended 1.631,594 9.255 1.640,849 1.629,725 Net Income/lexpendlture) 58,678 (1,905) 56.773 42,475 Transfer between funds (50.231) 50.231 Pxtuarlal loss on defined benefit Penslon scherne Net movement In funds (70,371) 8.447 (1.905) 50.231 56.773 (27,896) RECONCILATION OF FUNDS Total funds Bought Fonmard 346,362 15.615 (522,547) (160￿70) (132.674) Totsl funds carrled forward 354.809 13,710 (472.316) (103.7971 {160,570)

Beds SU R•9lStèred company number 10823944 Charlty règistered number 1173887 NOTES TO THE ACCOUNTS (confrnued) 14. Tanglble Flxed Assets Fixture Fittlngs & Equlpment Cost At 1 st August 2024 Additions At 31* July 2025 152,538 3,250 154788 Doprnclatlon At 1 st August 2024 Charge for the year At 31& July 2025 110.891 17.899 128,790 Net Book Valua At 1st August 2024 At 318t July 2025 41.647 15. Debtors 2025 2024 Trade Debtors Other Debtors P￿paYments & accrued income 49.212 411 11,263 82.613 8.023 91 A97 16.Creditors: amounts falllng due within one year 2025 2024 Trade creditors Taxes and social securfty costs other creditors Amounts held for Clubs & Societies Defined Pension Accruals 10.342 31,129 17,831 28,994 41,085 19,852 28,392 14,361 28,785 43,146 19.553 Amounts held for societies represent balances held on behalf of th8se bodies, these fund5 have been generated separately from the activities of the Union and the use of these ￿ndS is directed by the individual society. Beds SU acts as a custodian for these funds

B•ds SU ReglBtor8d company numbèr 10823944 Charlty regi$tèrod number 1173887 NOTES TO 7HE ACCOUNTS (con11n￿d) 47.Credltorn: amounts falllng duo after on• yaar 2025 2024 Defined Pension long temi liabilty 458.033 501.178 501,178 18.Penslons The Unlon continue5 to partlclpate in dosed Students. Union Superannuatlon Scheme (SUSS), which 18 a defined benefrt scheme whose membershlp consists of ernploy888 of students, unions and related bodl8S throughout the country. Benefrt5 in respect of service up to 30 September 2003 are accrued on a Ylnal salarf, basis. with benefits in respect of servicE from 1 October 2003 accruing on a Career Averagg Revalued Earnings (CARE) basis. Wlth effect from 30 September 2011the scheme close(1 to future accrual. The valuation of the scheme carried out as at 30June 2022 showed that the market value of the sch8me's assets was £106.7rn (June 2019 £119.Im) with these assets representlng 44%. (June 2019 ) of the vdue of benefits that a¢¢ru8d to Members after allowlng for expected future increases In eamlngs. The deficlt on an on-going fundSng basis amounted to £136.Gm (June 2019 £140.9m.) The assumptions which have the most significant effect on the results of the valuation are those relating to the rate of relurn on investments arKI the rates of increase in salaries and pensions. In l•yIt of the results of the June 2022 valuation, the Pension Trustees have agreed with NUS (the "Principal Employer") that Participating unions will make deficit reduction contributions of£745,671 per month from 1 October 2023, incre3sing by 50/0 pa each subsequent 1 October to address the defictt revealed by the valuation. These contributions are expected to elimlnate the shortfall In 13 years 7 months from 1 October 2023. which is by 1 May 2037. These contributions include an allowance for the expenses of running the Scheme equivalent to £536,038 pa from 1 Oclober 2023, increasing at 50k each subsequent 1 October. These contributions also include an allowance for an expense reserve of £3,000,000 to coverthe estimated costof winding-up the Scheme and completion of the GMP equalisation exercise. Deficit reduction contributions have been apportioned between the participating unions in line with the split of liabililies accrued, apportioned by service with each union. The 2022 valuation recommended a monthly contribution requirement by each partlclpating students, union expressed in monetary terms intended to clear the on-going fuT)ding deficit over a period of 15 years and will increase byat least 5 /0 each year. These contributions also includ8 an allowance for cost oft the on-going administrative and operational expenses of running the Scheme. These rates applied with effect from 1 November 2023 and will be formally revi8wed following completion of the next valuation due with an effectlve date of 30th June 2025. The SUSS pension trustee5 have advised that the 30th June 2025 valuation will not be avallable untll earty the Annual Members Meetlng In 2026. Surpluses or def￿1t8 which arts& at future valuation8 will a180 Impact on the Union's future contrlbutlon commRrnent. In addition to the above contributions the Union also pays its Share of the schetne's18Vy to the Penslon Protection FurKI. For accounting purpos8S. the SUSS is reported in accOrdar￿ the relevant accounfjng standard - FRS 102. where we value our pension deficit based on the dlscounted future cash fl(W￿ of payments under the agreed recovery plan. The June 2022 valuation resulted In Beds SU rep(xting an Actuarial loss of £70.3k in the accounts. On 31st July 2025, the penslon defKit was valued at £501,179 (2024 45

Bods SU Rè9lStered company number 10823944 Charity registgred number 1173887 NOTES TO THE ACCOUNTS (confrnued) £542,264). This is made up of £43,146 due wlthln one year and £458.033 due after one year. The total deficii contributions paid into the scheme by the Union in respect of eligible employees for the year ended 318t July 2025 amounted to £41,085 (2024.. £39.129). The Union presently offers eligible employees the opportunity to Joln NEST stakeholder's pen81on. Employer contribution5 2025 were £22,623 (2024.. £24,982). 19.Movement In funds Unrestrlcted funds Balance at 1 August 2024 Incoming R&sources Resources Expended Transfers Balance at 3181 July 2025 General Fund 354.809 1.537,454 1.509,574 130,4411 1,509.574 . a30,441 352,248 352248 The transfer from the general fund represents (£41.085) transferred to service the PensKJn liabilty d8bt (£3,251) to cover future depreciatiop. costs and £13,895 from the designated fund to cover depreclation costs. Restrlcted funds The income funds of the charlty Include restrlcted funds comprising the following unexpended balances of donatlons and grants held on trust for specific purposes: Balance at Incoming Resources 1•t August R￿QUr¢?5 Expended 2024 Transfers Balance at 31st July 2025 Green Hub UOB Grant Leaming Rep UOB Gi ant Metro RefurbishrDent Student Pantry Access to work UOB grant towards restructuring costs UOB grant GAP placement 601 2.800 (796) 2,004 7.515 (4,004) 3,511 2,794 (812) {5.298) {34.000) 1,982 5.298 34,000 7.981 (7.981) 13.710 47.279 (52.891) 8,098 Deslgnated Funds To assist with the financial slabilty of the organisation the Trustees designate a fund to cover the costs of future yearfs depreciation charges Although the trustees are pleased to offer the benefit of an enhanced maternitylpaternity package lo staff they recognise the financial implication of this and have designated funds to cover the Gost for one employee. Currently budgets do not include the ongoing cost of replaclrKJ stsff IT equipment therefore the trustees have declded It Is prudent to set up a designated fund of £20,000 to cover future costs incurred. The Pension d8frcit refer8 to the deficit on the SUSS pension detalled under note 18.

Bads SU Règistered company numbor 10823944 Charity reglstergd number 1173881 NOTES TO THEACCOUNTS (Conlin￿l) Balanc68 1st Incomlng Re80urce8 Transfer4 August 2024 Rosources Exponded Balanc•B At 31* July 2025 Future years depreclatlon charge Current years depreclation charge Total dewe(xatK)n fund 3.251 37.199 (13,895} (13.895) 31948 23.304 P•￿10n Dofich Total Pension deficFt -.(542,264 41,085 41,085 501,179 Enhanced Maternity 16,000 16,000 16.000 16.000 Replac•mont rr equlpm•nt 20,000 20,000 20,000 20,000 Total Deslgnated Funds {472,316) 30.441 (441,875) 20. Analysis of not a8gets botw••n funds Funds at 31•t July 2025 are reprnsentod by: Unrestrlct•d Restrlcted funds funds Deslgnated Funds Total Tangible Assets Current Assets Credltors: amounts f811ing due within one year Creditors: amounts falling due over one year 23.304 428,929 (99,985) 3,694 4,404 28,998 492 637 {43.i46) (143.131) {458.033} (458,033) 352,248 81,629 47

Beds SU Registered company number 10823944 Charliy regIste￿d nLJml)er 1173887 NOTES TO THE ACCOUNTS (Cl￿tinued) 21. Notes to the statement of cash flows Reconciliatlon of net (expenditure)lincome to nel cash flow operating activities Yoar Endlng July 2025 Year Ending July 2024 Net incomol{expenditure) for the reporting period Facilities in kind {Income} Facilities in kind (Expense) Depreciation Profit on disposal of flxed assets Investment incorne {increase)Idecrease in stocks {increase)Idecrease in debtors increasel{decrease) in creditov3 and other creditors increasel(decrea5e) in defined pension Net cash provided by (used in} operating actiwties 22,268 (229.647) 229.647 17,899 56,773 (219,434) 219,434 19,434 {200) {6.192) 2,070 44,361 {56,622} (39,129) (1275) 954 30,611 {8,162) (41,Q85) 22. Ultimate controlllng party The ultimate control of the Union is vested under the Constitution in the members in General meetings. As such. no single person or entity controls the Union. 23. Related Parties Th8 Union rec8iVeS Its block grant from the University of Bedfordshlre, as set out in note 2 above. The Union occupies the University's buildings on a free basis under informal arrangements. In accordance with the Charities SORP (FRS 102), the trustees have estirnated the use of the FxernL￿, utililies and IT infrastnjdure £229.647 (2024 £219,434). The Union rechargas the Universf(y of Bedfordshire for International student staff who are remunerated by the Union but are contracted outto workforth8 Universtty. Durlng the year gross salaries of £104,778 (2024: £218,926) was recharged to th8 Unlversty. Atthe year*nd. the University of Bedfordshire owed Beds SU £38,574.44 (2024 £79,g19).