## **University College Birmingham Students' Union (The Guild of Students)**
## **Charity No. 1177734**
**Trustees' Report and Unaudited Accounts**
**31 July 2024**
**University College Birmingham Students' Union (The Guild of Students) Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 7|
|Independent Examiner's Report|8|
|Statement of Financial Ac�vi�es|9|
|Balance Sheet|10|
|Notes to the Accounts|11 to 19|
|Detailed Statement of Financial Ac�vi�es|20 to 21|
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## Objectives and activities
The Guild’s stated charitable activities are:
_The advancement of education of students at University College Birmingham for the public benefit by promoting their interests & welfare during study; being the recognised representative channel between students & UCB; & providing representation, support & advice, as well as social, cultural, sporting & recreational activities & forums for discussions & debate for their personal development._
In practice, and as stated in our 2025 Strategy, our work is directed in three areas of our engagement model:
- ‘Got Your Back’– pursuits that ensure students are able to access their education at UCB and that their basic needs are met;
- ‘Find Your People’– opportunities to build supportive communities of peers, and;
- ‘Shape Your Life’– leadership roles or developmental initiatives that provide students with the chances to gain lifelong skills.
## Achievements and performance
This year has been one of significant change for University College Birmingham Guild of Students as we navigated a period of change in the staffing team, welcoming a new, larger complement of employees. As we look to the final year of our inaugural strategy and our “audacious challenge” to be an established sector-leader SU, we are proud to have attained NUS’ Quality Students’ Union status this year, which highlighted areas of outstanding effort in national representation for an organisation of our size, led by the Officer team: Dominika Wilczynska, Natasha Fernandes, and Thomas Hillen.
Drawing on UCB’s partnership with Warwick University, the elected Officers of the Guild met with Warwick University Student Union officers to enhance our partnership, focusing on student needs, community-building, and regional activities. Discussions included lobbying for better student support, sharing best practices, and organizing joint events such as varsity-style competitions and major social events. Moving forward, we proposed creating a joint charter and prioritizing key projects for future teams.
The Board note that we have again exceeded national benchmarks for votes in the Guild’s Officer elections, but that the volume of candidates and administrative requirements place very significant demands upon a small team. This will be an area of particular focus next year, with a view to ensuring that we can grow participation in the Guild’s leadership opportunities in a constructive and purposeful way.
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## Societies and Activities
This year, Tom, the Societies and Activities Officer, collaborated with UCB colleagues to organize community-building events at "Tom’s Bar" in The Maltings accommodation. These events included a pub quiz, karaoke, a viewing party for the Dance Society’s showcase, and the FA Cup Final. We plan to continue working closely with staff to arrange regular events next year.
We are proud to have also championed UCB's return to Varsity, the inter-university sporting competition, for the first time since 2016. Competing against Birmingham Newman University and Wolverhampton University, c. 100 students join us, including those from Specialist Hair & Makeup and physiotherapy support. We extend our gratitude to UCB’s Sports Development Officer for his collaboration and look forward to competing again next year.
## Equalities
A key priority for the Guild’s Equalities Officer has been to represent UCB students’ needs nationally. This has included:
- Events hosted by the Office for Students (the market regulator for higher education in England), in which we emphasized the importance of proactive support for students navigating changes and uncertainties in the HE landscape and the need for further collaboration between Students’ Unions and providers.
- Parliamentary meetings, including the APPG for Students. Across the year, UCB Guild of Students Officers have been active contributors on a diversity of issues, including renters’ rights, cost of living, and international student employability.
The Guild’s campaigning on equalities issues has also manifested in enhanced programmes to mark both Black History Month and LGBT+ History Month through a range of educational and supportive activities. Working with a new team of Liberation Representatives, we have further introduced a new ‘Disability Item Fund’ which allows students to request small amounts of funding to cover the costs of resources that aid engagement with studies.
## Education
The Guild’s Education advocacy role has been especially broad this year, and formed a particular area of interest during our Quality Students’ Unions validation event. Amongst the highlights, the Officer team have:
- Met with MPs, including Rt. Hon. Matt Western MP (Shadow Minister for Higher Education), to discuss critical issues impacting our student community. Topics included the closure of optional modules, lack of regulation in university
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accommodation services, student mental health, support for placements and apprenticeships, and student finance
- Overseen the development of improved training for Course Representatives and Society Leaders to facilitate success in their roles
- Coordinated the student submission to UCB’s Access and Participation Plan and worked with Guild staff to propose a range of initiatives that the Guild hopes to deliver in the future in partnership with the University as part of their Plan.
## Financial review
## **Overview**
The financial statements presented cover the year to 31 July 2024.
The Statement of Financial Ac�vities for the year to 31 July 2024 shows total income of £324,282
The principal income source for the Guild on an annual basis is the block grant provided by the University. For the year to 31 July 2024 this was £240,000. This income was supplemented by our trading income of £26,517 from the sale of Guild branded clothing to students and adver�sing/promo�onal campaigns, and a further non-recurrent grant of £35,000 from the University.
This year our income from charity activi�es, specifically society membership and ac�vity, was £18,941
Expenditure for the year was £323,897 on charitable activities and stock purchase for trade income. The net movement of funds in the year was £385
## Reserves Policy
The Board of Trustees have reviewed UCB Guild’s Reserves Policy in February 2025 which determines the levels of unrestricted reserves required to enable UCB to:
- fund working capital
- fund unexpected expenditure when unplanned events occur
- fund shortfalls in anticipated income
The minimum unrestricted reserves required are calculated as 3 months opera�ng costs (as defined by the annual budgeted organisational expenditure) and designated as the ‘Opera�ng Reserve’.
Unrestricted reserves in excess of the required reserves are held as ‘free reserves’. If an amount in excess of this is held in reserve by the Guild, then the Trustees in consulta�on with stakeholders will draw up a plan to spend these addi�onal funds. If reserves fall below 6 months’ opera�ng costs for more than 6 months, the Trustees should ask management to
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formulate a recovery plan to be submitted to the Board of Trustees for approval.
The reserves at 31 July 2024 were £114,766 which represents just over 4 months running costs.
## Structure, Governance and Management
University College Birmingham Students’ Union (The Guild of Students) is a charity with the ul�mate decision making power vested in the Board of Trustees. The Board of Trustees meet at least 3 times a year and receive reports from the Execu�ve Team and the Guild Director.
UCB Guild is a democra�c organisation and the Board of Trustees delegate their authority to the membership through the Annual General Mee�ng and Student Council, subject to legal safeguards. These bodies have powers to direct the work of the charity and the organisation within its charitable objects.
The Executive Commi�ee oversee the day to day running of the Guild and are accountable to its membership. They are responsible for ensuring Guild ac�vities follow correct process, align with UCB Guild’s policy and annual plan, and work toward the aims and objects set out in its cons�tu�on. The Execu�ve Committee are elected annually through a cross-campus ballot. All Executive Committee members receive full and regular training and support to enable them to successfully fulfil their duties.
Day to day management of the organisa�on is delegated to the Guild Director. UCB Guild also employs other non-student staff to ensure effective management of the organisa�ons’ ac�vities who have delegated authority within their roles through the Guild Director.
UCB Guild also has a committee structure with delegated authority within specific fields, to ensure effec�ve controls are in place across the organisa�on, namely a Finance Subcommi�ee and HR Subcommittee to the Board of Trustees. All commi�ees have at least one external and one officer trustee as a member.
## Type of governing document
UCB Guild is governed by its Constitu�on dated 03 July 2024 and its suppor�ng Bye Laws.
## How the charity is constituted
UCB Guild is an unincorporated associa�on established under the Education Act 1994 and registered with the Charity Commission (No. 1143073) since 28 March 2018.
## Trustee selection methods
UCB Guild has provision for up to 12 Trustees. These trustees have a varied background, including students (members) as well as externally sourced ‘professionals’. The post holders have a varied term of office to suit the nature of the position. These are:
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- Three Officer Trustees – Ex-Officio serves for one year term in line with their electedposition
- Up to 4 student trustees appointed by the Board of Trustees upon recommendation by the Appointments Committee.
- Up to 3 appointed trustees appointed by a simple majority vote of the Appointments Committee, and ratified by Student Council.
## Trustee induction process
The Guild Director organises annual trustee training. We offer training to both new and current trustees annually.
## Relationships with other organisations
Relationship with University College Birmingham: UCB Guild receives an annual block grant from the University, and occupies office space owned by the University. The University also supplies, free of charge, utili�es, facili�es such as desktop computers and printers, cleaning and caretaking services. In addi�on, the University provides spaces for key student group ac�vities, including mee�ng rooms and a sports hall, with no charges levied. This support is intrinsic to the relationship between UCB Guild and the University. Although UCB Guild runs a small number of commercial activi�es, it is heavily dependent upon the support of the University. There is no reason to believe that this support will not con�nue for the foreseeable future as the Education Act 1994 places a duty on the ins�tution to take such steps as are reasonably practical to ensure that the Guild operates in a fair and democra�c manner, for the benefit of the membership. UCB Guild works closely with the University to provide the best possible experience of students, ensuring its affairs are properly conducted and that the needs of its members are met.
## Other relationships
UCB Guild is a member of the Na�onal Union of Students to which it pays an annual affilia�on fee. In return it receives support and training in a variety of areas, notably with regard to elections, executive training, governance support and inductions. UCB Guild ac�vely works with other Students’ Unions across the sector to share best practice and offer learning and development opportunities to members and staff.
## Risk management
The trustees have a duty to iden�fy and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees have considered major risks and have put in place appropriate measures to manage these, including regular repor�ng systems to ensure that necessary steps can be taken to lessen these risks.
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The Trustees delegate responsibility to the Finance Commi�ee and Guild Director for monthly finance management.
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**University College Birmingham Students' Union (The Guild of Students) Independent Examiners Report**
## **Independent Examiner's Report to the trustees of University College Birmingham Students' Union (The Guild of Students)**
I report to the trustees on my examina�on of the financial statements of University College Birmingham Students' Union (The Guild of Students) for the year ended 31 July 2024.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the prepara�on of the financial statements in accordance with the requirements of the Chari�es Act 2011 ('the Act').
I report in respect of my examina�on of the charity's financial statements carried out under sec�on 145 of the 2011 Act and in carrying out my examina�on I have followed all the applicable Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the Act.
## **Independent examiner's statement**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in sec�on 145 of the 2011 Act. I confirm that I am qualified to undertake the examina�on by being a qualified member of ACMA.
I have completed my examina�on. I can confirm that no material ma�ers have come to my a�en�on in connec�on with the examina�on giving me cause to believe that in any material respect:
- the accoun�ng records were not kept in respect of the charity as required by sec�on 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a ma�er considered as part of an independent examina�on.
I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Jasbir Rai ACMA BVSC Latham House 33-34 Paradise Street Birmingham
B1 2AJ 31 July 2024
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**University College Birmingham Students' Union (The Guild of Students) Statement of Financial Activities**
## **for the year ended 31 July 2024**
|**Notes**
**Income and endowments**
**from:**
Dona�ons and legacies
3
Charitable ac�vi�es
4
Other trading ac�vi�es
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable ac�vi�es
9
Other
10
**Total**
Net gains on investments
**Net income**
11
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**|
**Total funds**|
**Total funds**|
|---|---|---|---|
||**2024**|**2024**|**2023**|
||**£**|**£**|**£**|
|||||
||275,000|275,000|201,012|
||18,941|18,941|9,498|
||26,517|26,517|25,281|
||1,581|1,581|818|
||2,243|2,243|-|
||324,282|324,282|236,609|
|||||
||19,421|19,421|3,994|
||39,066|39,066|32,169|
||265,410|265,410|192,536|
||323,897|323,897|228,699|
||-|-|-|
||385|385|7,910|
||-|-|-|
||385|385|7,910|
|||||
||385|385|7,910|
|||||
||114,391|114,391|106,481|
||114,776|114,776|114,391|
|||||
|||||
|||||
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**University College Birmingham Students' Union (The Guild of Students) Balance Sheet**
## **at 31 July 2024**
## **Charity No. 1177734**
|**Charity No. 1177734**
**Fixed assets**
Tangible assets
14
Investments
15
**Current assets**
Stocks
16
Debtors
17
Cash at bank and in hand
**Creditors:**Amount falling due within one year
18
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
19
**Unrestricted funds**
19
General funds
**Reserves**
19
**Total funds**|**2024**
**£**
1,648
60
1,708
162
18,964
105,980
125,106
(12,038)
113,068
114,776
114,776
114,776
114,776
114,776
114,776|**2023**
**£**
383
60|
|---|---|---|
|||443
5,609
6,826
103,659|
|||116,094
(2,146)|
|||113,948
114,391|
|||114,391|
|||114,391|
|||114,391|
|||114,391|
|||114,391|
Approved by the trustees on 31 July 2024
And signed on their behalf by:
A.N. Parsons Trustee 31 July 2024
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**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## **for the year ended 31 July 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Prac�ce: Accoun�ng and Repor�ng by Chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Repor�ng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Chari�es Act 2011.
## **Fund accounting**
- Unrestricted funds These are available for use at the discre�on of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for par�cular purposes. Revalua�on funds These are unrestricted funds which include a revalua�on reserve represen�ng the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restric�ons imposed by the donor or through terms of an appeal.
## **Income**
- Recogni�on of Income is included in the Statement of Financial Ac�vi�es (SoFA) when the charity income becomes en�tled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Dona�ons and Voluntary income received by way of grants, dona�ons and gi�s is included in the legacies the SoFA when receivable and only when the Charity has uncondi�onal en�tlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same �me as the dona�ons and gi�s gi�/dona�on to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facili�es where the benefit to the Charity is reasonably quan�fiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resul�ng from revaluing investments to market value revalua�on of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
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**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## **Expenditure**
Recogni�on of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with a�rac�ng voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its ac�vi�es and charitable ac�vi�es services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with mee�ng the cons�tu�onal and statutory requirements of the Charity, including any audit/independent examina�on fees, costs linked to the strategic management of the Charity, together with a share of other administra�on costs. Other expenditure These are support costs not allocated to a par�cular ac�vity.
## **Taxation**
The charity is exempt from tax on its charitable ac�vi�es.
## **Tangible fixed assets and depreciation**
Deprecia�on is provided at the following annual rates in order to write off each asset over its es�mated useful life:
Computer equipment and 25%% Straight Line fixtures
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the se�lement amount due a�er any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturi�es of three months or less and bank overdra�s. In the statement of financial posi�on, bank overdra�s are shown within borrowings or current liabili�es. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdra�s that are repayable on demand and form an integral part of the company's cash management.
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**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transac�on price. Other creditors and provisions are recognised where the charity has a present obliga�on resul�ng from a past event that will probably result in the transfer of funds to a third party and the amount due to se�le the obliga�on can be measured or es�mated reliably. Creditors and provisions are normally recognised at their se�lement amount a�er allowing for any trade discounts due.
## **Pension costs**
The charity operates a defined contribu�on plan for its employees. A defined contribu�on plan is a pension plan under which the charity pays fixed contribu�ons into a separate en�ty. Once the contribu�ons have been paid the charity has no further payments obliga�ons. The contribu�ons are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facili�es and services received are recognised within incoming resources and expenditure at an es�mate of the value to the charity.
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**|||
|---|---|---|
|**Income and endowments from:**
Dona�ons and legacies
Charitable ac�vi�es
Other trading ac�vi�es
Investments
**Total**
**Expenditure on:**
Charitable ac�vi�es
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
201,011
9,498
25,580
818
236,907
228,698
228,698
8,209
8,209
8,209
106,182
114,391|**Total funds**
**2023**
**£**
201,011
9,498
25,580
818|
|||236,907
228,698|
|||228,698|
|||8,209|
|||8,209|
|||8,209
106,182|
|||114,391|
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**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## 3 **Income from donations and legacies**
|University Block Grant
Addi�onal University Grant
(non-recurring)
4
**Income from charitable activities**
Student Services e.g. Society
memberships
5
**Income from other trading activities**
Clothing sales
Adver�sing and
promo�on/campaigns
Events
6
**Income from investments**
Bank interest
7
**Other income**
Misc income|**Unrestricted**
**£**
240,000
35,000
275,000
**Unrestricted**
**£**
18,941
18,941
**Unrestricted**
**£**
20,316
6,009
192
26,517
**Unrestricted**
**£**
1,581
1,581
**Unrestricted**
**£**
2,243
2,243|**Total**
**2024**
**£**
240,000
35,000
275,000
**Total**
**2024**
**£**
18,941
18,941
**Total**
**2024**
**£**
20,316
6,009
192
26,517
**Total**
**2024**
**£**
1,581
1,581
**Total**
**2024**
**£**
2,243
2,243|**Total**
**2023**
**£**
200,001
1,011|
|---|---|---|---|
||||201,012|
||||**Total**
**2023**
**£**
9,498|
||||9,498|
||||**Total**
**2023**
**£**
20,964
4,317
-|
||||25,281|
||||**Total**
**2023**
**£**
818|
||||818|
||||**Total**
**2023**
**£**
-|
||||-|
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**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## 8 **Expenditure on raising funds**
|_Fundraising trading costs_
Cost of sales and stock
wri�en of
9
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Student assistant funding
Friendship, support,
communi�es and organising
ac�vi�es
Leadership training and
electrions
Socie�es direct funding
_Governance costs_
Trustee expenses
Governance
10**Other expenditure**
Employee costs
Amor�sa�on, deprecia�on,
impairment, proft/loss on
disposal of fxed assets
General administra�ve costs
Legal and professional costs
11**Net income before transfers**
This is stated a�er charging:
Deprecia�on of owned fxed assets
Independent Examiner's fee
Other fees paid to the auditor or
independent examiner|**Unrestricted**
**£**
19,421
19,421
**Unrestricted**
**£**
4,823
2,489
1,666
26,523
949
2,616
39,066
**Unrestricted**
**£**
234,493
808
28,259
1,850
265,410
**2024**
**£**
808
400
400|**Total**
**2024**
**£**
19,421
19,421
**Total**
**2024**
**£**
4,823
2,489
1,666
26,523
949
2,616
39,066
**Total**
**2024**
**£**
234,493
808
28,259
1,850
265,410|**Total**
**2023**
**£**
3,994|
|---|---|---|---|
||||3,994|
||||**Total**
**2023**
**£**
8,924
5,277
6,375
10,662
786
145|
||||32,169|
||||**Total**
**2023**
**£**
169,907
3,879
16,620
2,130|
||||192,536|
||||**2023**
**£**
3,879
400
400|
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**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## 12 **Trustee remuneration and expenses**
One or more of the trustees has been paid remunera�on in the current or prior periods.
|||||**Other**||
|---|---|---|---|---|---|
||**Trustee**|**Remuneration**|**Pension**|**benefts**||
||Sabba�cal Ofcers|77,756|-|-||
|13|**Staff costs**|||||
||||**2024**||**2023**|
||Salaries and wages||206,827||165,855|
||Social security costs||17,482||-|
||Pension costs||5,761||-|
||||230,070||165,855|
||No employee received emoluments in excess of £60,000.|||||
||The average monthly number of full �|me equivalent employees|during the year was as follows:|||
||||**2024**||**2023**|
||||**Number**||**Number**|
||Student services||3||3|
||Support services||7||7|
||||10||10|
|14|**Tangible fixed assets**|||||
|||||**Computer**||
|||||**equipment**|**Total**|
|||||**and fxtures**||
|||||**£**|**£**|
||**Cost or revaluation**|||||
||At 1 August 2023|||15,515|15,515|
||Addi�ons|||2,073|2,073|
||At 31 July 2024|||17,588|17,588|
||**Depreciation and**|||||
||**impairment**|||||
||At 1 August 2023|||15,132|15,132|
||Deprecia�on charge for the|||808|808|
||year|||||
||At 31 July 2024|||15,940|15,940|
||**Net book values**|||||
||At 31 July 2024|||1,648|1,648|
||At 31 July 2023|||383|383|
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**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## 15 **Investments**
|**Investments**|||
|---|---|---|
|**Cost or revaluation**
At 1 August 2023
At 31 July 2024
**Net book values**
At 31 July 2024
At 31 July 2023|**Other**
**investments**
**- Unlisted**
**£**
60
60
60
60|**Total**
**£**
60|
|||60|
|||60|
|||60|
The Guild has a holding of 60 ‘A’ shares of £1.00 in NUS Services Ltd.
|16**Stocks**
Finished goods
**Carrying value analysed by activities**
Clothing sales
17**Debtors**
Trade debtors
VAT recoverable
18**Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals|**2024**
**£**
162
162
**2024**
**£**
162
162
**2024**
**£**
18,964
-
18,964
**2024**
**£**
8,616
2,042
580|**2023**
**£**
5,609|
|---|---|---|
|||5,609|
|||**2023**
**£**
5,609|
|||5,609|
|||**2023**
**£**
6,636
190|
|||6,826|
|||**2023**
**£**
626
-
558|
||800|962|
||12,038|2,146|
m~ÖÉ= NT
**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## 19 **Movement in funds**
|**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
20**Analysis of net assets between funds**
Fixed assets|**At 1 August**
**2023**
114,391
114,391|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
324,282
324,282
**At 1 August**
**2023**
**£**|**Resources**
**expended**
**£**
(323,897)
(323,897)
**Unrestricted**
**funds**
**£**
1,648|**At 31 July**
**2024**
**£**
114,776|
|---|---|---|---|---|
|||||114,776|
|||||**Total**
**£**
1,648|
|Investments|||60|60|
|Net current assets
21**Reconciliation of net debt**
Cash and cash equivalents
Net debt|||113,068
114,776
**Cash flows**
**£**|113,068|
|||||114,776|
|||||**At 31 July**
**2024**
**£**|
|||103,659|2,321|105,980|
|||103,659
103,659|2,321
2,321|105,980|
|||||105,980|
||||||
|22**Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable opera�ng leases
**2024**
**Land and**
**buildings**
**£**
Opera�ng leases with expiry date:
**_Pension commitments_**
The pension cost charge to the charity
amounted to:||are as follows:
**2024**
**Other**
**£**
**2024**
**£**
5,761|**2023**
**Land and**
**buildings**
**£**|**2023**
**Other**
**£**
**2023**
**£**
-|
m~ÖÉ= NU
**University College Birmingham Students' Union (The Guild of Students) Notes to the Accounts**
## 23 **Related party disclosures**
_Name of related party_ University College Birmingham _Description of relationship_ The Guild received block grant of £275,000 _between the parties_ from the Uni during the year
Trustees of University College Birmiongham _Name of related party_ Students' Union All sabba�cal officers received a salary as authorised in the governing document of the Guild for representa�on, campaigning and support work they undertake as dis�nct from their trustee responsibili�es. The work includes voicing student opinion with the University and local community, defending _Description of relationship_ and extending the rights of students through _between the parties_ pe��ons and discussions with local MP’s.
m~ÖÉ= NV
**University College Birmingham Students' Union (The Guild of Students) Detailed Statement of Financial Activities**
## **for the year ended 31 July 2024**
|**Income and endowments from:**
Dona�ons and legacies
University Block Grant
Addi�onal University Grant
(non-recurring)
Charitable ac�vi�es
Student Services e.g. Society
memberships
Other trading ac�vi�es
Clothing sales
Adver�sing and
promo�on/campaigns
Events
Investments
Bank interest
Other
Misc income
**Total income and endowments**
**Expenditure on:**
Costs of other trading ac�vi�es
Cost of sales and stock wri�en of
**Total of expenditure on raising**
**funds**
Charitable ac�vi�es
Student assistant funding
Friendship, support, communi�es
and organising ac�vi�es
Leadership training and electrions
Socie�es direct funding
Governance costs
Trustee expenses
Governance|**Unrestricted**
**funds**
**2024**
**£**
240,000
35,000
275,000
18,941
18,941
20,316
6,009
192
26,517
1,581
1,581
2,243
2,243
324,282
19,421
19,421
19,421
4,823
2,489
1,666
26,523
35,501
949
2,616|**Total funds**
**2024**
**£**
240,000
35,000
275,000
18,941
18,941
20,316
6,009
192
26,517
1,581
1,581
2,243
2,243
324,282
19,421
19,421
19,421
4,823
2,489
1,666
26,523
35,501
949
2,616|**Total funds**
**2023**
**£**
200,001
1,011|
|---|---|---|---|
||||201,012|
||||9,498|
||||9,498|
||||20,964
4,317
-|
||||25,281|
||||818|
||||818|
||||-|
||||-|
||||236,609
3,994|
||||3,994|
||||3,994
8,924
5,277
6,375
10,662|
||||31,238|
||||786
145|
m~ÖÉ= OM
## **University College Birmingham Students' Union (The Guild of Students) Detailed Statement of Financial Activities**
|**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Sabba�cal Ofcer Salaries
Employer's NIC
Pension costs
Staf training
Staf welfare
General administra�ve costs,
including deprecia�on and
amor�sa�on
Deprecia�on of Computer
equipment and fxtures
Bad debts
Bank charges
General insurances
So�ware, IT support and related
costs
Sta�onery and prin�ng
Subscrip�ons
Sundry expenses
Legal and professional costs
Audit/Independent examina�on
fees
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|3,565
39,066
129,071
77,756
17,482
5,761
2,431
1,992
234,493
808
4,958
811
2,908
8,589
1,117
5,835
4,041
29,067
800
1,050
1,850
265,410
323,897
-
385
385
-
385
114,391
114,776|3,565
39,066
129,071
77,756
17,482
5,761
2,431
1,992
234,493
808
4,958
811
2,908
8,589
1,117
5,835
4,041
29,067
800
1,050
1,850
265,410
323,897
-
385
385
-
385
114,391
114,776|931|
|---|---|---|---|
||||32,169
127,981
37,874
-
-
2,641
1,411|
||||169,907|
||||3,879
-
362
2,218
6,111
3,771
4,158
-|
||||20,499|
||||960
1,170|
||||2,130|
|||||
||||192,536|
||||228,699
-|
||||7,910|
||||7,910
-|
||||7,910|
||||106,481|
||||114,391|
m~ÖÉ= ON