REGISTERED COMPAIIY PIUMBER: 11295063 IErtBl4nd and Wales REGISTERED CHARITY NUM8ÉR.. 1177930 R•port olilwTwA••s •nO Aydlt¢d FJn•Kl•lSt*ements forth• yurend 31 Juty 202S an4or Unhr51tystudonts' Unlon IACompany Llrnlted by Guiranteel
B•nyr Uner$lty 51ud¢nts' Ufjlon onients ofthe FlnnrllStatements forth• ye•r ended Jljuly 2025 P¥• P•wt ol ih•Ttysthes I to 7 Report ol lh• Ind•pendent AudltOfS 8 to 10 Statèmentof HnMd•lAdl%fftl•i li B•linc* Sh••t 12 C•sh FlowSt•t•m•nt 13 Not•s tolh• Cash FlowSt•teiMnt 14 Note5 tothe Flnarflal Stst•m•Thfs 15 to 23 D•t•ll•dSt•t•m•At olF5Mndal ActMUqs 24 to 25
8an8or Universlty Students, Unlon Ileport of the TrusteEs for lhe year ended ai July 2025 The tiustees who èlso directors of the chaiily for the purposes ol the Companies Act 2006. psent their rep)rt with thè tinaniial 5taterllent5 of the charity for the year ended 31 July 2025. The irustee5 have adopted thE provi510ns of Accouniing ènd ReportirE by Charities.. Ststement of Recommended Practice applscable to charitie5 preparinE their accounts in aicordance wilh ihe Financial Reporting Stèndard applicable in ihe UK and Republit of Irpland IFR5 1021 leffective l January 20191. OBJECTIVES AND TivrIEs Oblertlves and alms The purpose and Charirab objectsof 8angor Llniversiiy Siudents, Union are defined in the or8ani5ation's Articles of Assotiation as.. BAn8or University Student5, Union Ithe"unn"l is 3 students. union wlthin the meaning of the Educ3tion Aci 1994. The Union 15 devoled to the edUCatnal interest5 and welfare of its Student Membèr5. ThÈ Union will seek at all time5 to.. ensuFe Ihat the diversity of Its 5tvdent Menibership is reco8ni5ed. and that equal access 15 aValble to all Student Members of wharever oriEln or orienration.- PLJrsue its aims and objectives Independent ol any poliiKal party or religiou5 group.. and pursue pqual opportunitie5 by taking w51tive ètlion within the law to laciliiaie pèrticipation of zroups d15ciiminaied against by 5eciety. The Union's objects are the advincernent of education ol studen15 at Sèngor UnNer51ty lur the publlc benefit by.. promoiinÉ the Interesis and welfare of 5tvdents at 8angor Unl¥ersilV durin8 their cou15e of study and repre5entlnÉ, supFx)rting and advising SIdentS,. being the recognised representative channel between studènts ènd Bangor UnIverty and other Èxternèl bDdies.' and providing soci81, cullural, sportSn8 and recreational actiwtips and forums foi d15cussions and debate5 for rhe FÉrsonal developrnent of it5 51udeni5. Within these obieits, the SU has developed an annual oppratlOn31 plan which sets out a ian8e ef anrtval tarEet5 è8aSnst whh it rne3suies Irs irnp3Ct and the attvancerneni ol these objects over the pÈriod. S18nlcon¢ activltSÈs A cornp3ny limited by gu4r4ntee18angoi Univer51ty Sludents, Unlonl wa5 incorpDiatpd with Cornp4nies House and the Chiriiv Comm15sion on S April 2018. W1th Èffeci frorn l August 2018 this company became the vehScle through which Bangor University Students. ijnion tspÉraies. The relevènl Articles of Assoctation 8ye-Lèws werÈ pèssed in the October 2017 Annuèl SludÈnt Members, MeetnE and reviewed and pa55ed again in the OctobeT 2022 Annual Student Members. rneeting and Board of Trustees meeting. The main advantages of being a Charitable Company 15 the creatior of a separate le8al entity which provides greater protectOn for rhe Tru5tee5. Pa8e I
Ban8or University Sluder5ts' Unio Repori of the Trustees for the year er5ded 31 Jvly 2025 STRATEGIC REPORT A¢hlevements and performance Charitablè artivitie5 In September 2024, we entered the final year ot our extended 3-year strate8y. ori8inèlly launched in 2021 and refreshÈd in 2023 to run ufitil August 2025. Ovei the CWTse 012024-25. 5ignilicant %vgrk has taken placÈ to shape oui new o<gani5ational direction. with the development of the Undeb Bangof StratÈw 2025-2030 progressing throuEh exten51ve stuoeni engagement. Insight iesearch, workshop5, and consultation wirh Trustees and 5Enior Universlty toll@agues. The new Strategy Launched in September 2025 and will be underpinned by a detailèd uperaiional plan 31igned to OVF StrateBlC theme5. This yeai has been shaped by considerable IhangÈ atross the Uni¥ersity sector, with financkil chalknges and re5truituring attivty creating bDth pre55ufE5 and opportunities IOT studeni repFesentation. Undeb 6an8or h35 worked con51ruilivÈly and £onslsienily 10 ensure thai 51vdeni Views have been clearly piesentpd throughout instilutiofjal distussions, Includin8 re5ponse5 to business Cases for Change, Quality Enhancement Review activity. and ongoing meeting5 wilh senior University leaders. Along51de this. we have continued io deliver high-quality services and opportunitie5 for 5tudenis. supported by a committÈd team ol sièff, Sabbaiical Officers, Student Neiv4oTk Leader5. and volunteer5. The Trustees are pleased to rewrt stron8 proaiess across all 3reas of activity during 2024-25, sufflmaii5ed below. Vour OrBanlsatbn Developed the new Undeb Ban801 Sirategy 2025-2030, Inforrned by 5tudEnt woikshops, surveys and Board discu55ions. 4nd Completeo a Dernocracy Review. 51mplifyirn8 processes, stiengthening partklpation route5. and preparing foi the irnpleTnentation of a nev4 structure in 2025-26. Achieved p051tive outcomes from both Internal ou(Jit5'. the TIAA Governance Audit provided sUbantIal assurance. and the Financial Audit sèw only one recornrllendatlDn, t1CtIng siron8 conirols and reportin8. Cairied oui ongoing work to addre55 5taf fÈÈdback, including improvemen15 to Induction. 5trenEthened internal communication. and enhanced staff development days. R@cruiied new siudeni Trusiee5. PIOgTe55ed recruitment for External Trustees, and continued io Improve Bodid effectiveness throu8h trèining and governance updates. Continued to work collabofatively with the Universiiy durinE a period of financkil challen8e, supporting transparent cornmtsnication and en5urin8 Student representètion within key dlscussbns. Your Education andvolce CompletÈd a £omprehensive Course Rep Review, tr3nsitioninÈ to a strÈamlined school-level representation model with enhanced traininE 5UPPOrt, rpady for launch In 2025-26. DÈlwered Sludent Insieht Reports on internatKinèl studentexperiences, and the Welsh language student expÈriÈncE. informin8 Univer51ty planning and action. Successfully delivered the Sabbatical Otfiier Elections, attracting strong en8a8ement with 16 candidates ènd a turnout of 16.7%, 51iBhtty ave sector averages. Supported Students throughout major Universiiy con5Utiation5, ensurin8 (lear reprE5entation Df concerns relalln8 to ac8dernk provision, student support, equality, and We15h-Fnedium educaiion. H05ted thÈ Student Led Teachire Award5 In 3 rnore informal and acce$51ble format, reteiving highly positive feedback frorn Staff and studenrs. Tho President and UMCB Pie5Ident are metnber5 01 thè Unwersity Council and sabbatical officers were repiesented on èll Univer51ty strategy grvup5. We have been proud to make contributions to rnany initiative5 over the yÈar. Your Student Opportunities Supported 175 Sludeni-led 6roup5. in¢ludin8 clubs, sotiet1È5 and volunteeilng projects, with o¥er 7,(K)0 student members Delfvered highly 5UCCe55ful Weliorne Week ènd Serendiplly Wekome Fairs in September ènd January. attratting more thèn B.IXIO students across boih events. R3n a vibranr ijleDdar gf cultural, socièl and cornmun11y-building activiries, ificluding Chlll 3nd Chèt event5. Chri5tma5 ènd Eèster 8atherSn8s. Cultural Fair. Tr3n5 Rights Marih. and oihei student-led campaigns. Delivered V8r5ity 2025 on Bangor. rhe largest lo dote, with oveF I.CKK) sturSÈnts taking part in 45 ewent5 ènd securing Bangor'5 ninth consÈcutive win. CelebratÈd studeni success throuEh ihe Societie5 & Volunteerin8 Award5. Atletit Union Awards, HiEh Sheriff AwariJ5. and UMCB Awards. Introduced Summer 5e5510ns. offering Inilu51ve wellbeing?focused actilieS for student5 remaining in B4ngor (Jurifig vaiètion perioLIs. Page 2
Batwoy Unlve¥slty Students. Vnlon Report ol the Trustees for the year ended 31 july 2025 Developed ihe new Clubs & Sotieties Membership Fee Model. including consultation, sOurCes, and operational planning for Implementation In September 2025 Delivered extensive sludeni leèder5hip development. includins conferenies, training se55ion5, HEAR recognItn, and 5ki115-fotused evènts atross the year. Continued to expand student ernpbymeni opporiuniiies across the SU, contributing ro 5ki11s development and employability, Supwrted over 1,4LNJ student volunteer5 Contributing thousands of houT5 to iommunity and campus-based projects. ChèmpKined Welsh tulture and identity through UMCU actWllie5. the Eisteddfod, ond work to 58fe8uarO We15h-Thedium provis0, includiTrg the Successful proteciK)n of Neuadd JMJ. 5upponlnR You Continued to Oeliver 2 wldÈ fange Df student support cafflpalgns. including SÈxual Health. Cost of Lwiy, Study Aid an(J Menta1 Health & Wellbeing initiative5, funded in part through Medr and 8èn8or Fund alhcatlons. Developed new di8ltal and physitèl resourtes promoting sèfÈ Telationships, healthy behavieur5, ènd Jccess to wellbeiig support. Strengthened partnerships with e¥ternal organisations to enhance student safety and welfare. Provided personallsed Academic Advice to student5 acr055 Iitne55 to practi5e. appe315, semce issue5 and ècadernic engaBernent, alongside developmentof a new frarnework io Improve clarity 3nd e¥aluatlon. Your Future Over 250 student leaders attended this yÈar'5 Student Leadei Conlerenie wheo they rèieived tralnire in finances, marketin8 and tommunicaiions. awareness around bullying hara55rnent and campaigning skill5. We CDlltinued to offer a number of student-led volunteerin8 projects Oper3tlnE 30 wojects, 15 regularactivity. 14 non-regular ctivilv and l one off project. We had over 550 students si8ned up ècfoss èll our volunteering opportunities We ielèbrated our 5tudent5 through our annual award ceremonies We rondutted our innual feedback survey askin8 Students and Students le3ders ro reflert on their skills devplopmeni with 78% of Studen15 who were involveil in SU activitiès reportEd thbt Ihpy can demonstrate the skills they have OÈveloped, ènd 6D% of student lÈadÈrs retognisÈd that their role and tr?ininE ha5 equipped them with the ski115 to be effective and have helped their empbyability. We tontinued viith thÈ inclusion of Student staff ro5 3cr055 all departrnent5 trf the SU. offerin8 students employrnent Opportunles, that developstheiremployability and skills. Celebrote the Welsh Language and Cukure Oelivered a wide r3nge of cultural actlvllies through UNICB, strengthening the We15h-speaking Sludent cornmvnity ènd promoting Welsh lan8ua8e experiencÈ5 across the Univer51ty. Completed and presented the We15h Language Student Experience Insight Report, sharing fSnding5 Wlth university commirtee5 to drive Improvement5 In Welsh.mediurn tÈèching, serV&S and iampus provision. Marked major tullural mile510ne5, includin8 celebratlOn5 for the 50th Anniversary of Neuadd the Welsh lèngva8e student hall. with panel events. pertormances and en8agement across the Welsh-speaking commvnity. Delivered UMCB'S ènnual programrne of event5 such a5 rhe UMCB Award5, FarÈwÈll Dinnef, cultural tilps, recD8ni5in We15h-medium tontribution5 rai5in8 fund5 for communlty causes. Contribured to nètional Welsh-language attivity. includiTrB representatK)n at events such a5 the Eisteddfod Rhyn8-8ole801 and wideT advDcacy linked to Welsh-rnedium provision. student rights. ond 5afeguardinÈ the futurè of We15h4an8uagÈ higher edtscation. Finandal review Principal fundlnB sources The Unwersity remain thÈ rnajor funder, and the continuation of th15 3rran8erneni is secured by the 1994 Education Att, and MEDR published guidance, the SU Is primèrily funded through the rereipt of an aTrnual block Brènt, and vi3 the Univprsity Fee aThd Acce55 Plan fundinÉ. Pè6e 3
8an8Dr Vniver51ty Students. Unlo Report of Ihe Trustees lor the yeai ended 31 Jvly 2025 STRATEGIC REPORT Financial review Reserves policv The Ban8or Unl¥ersiiy Studenr5' Vnkin Roserveg Policy was ieviewed and agrEed at ihe irusiee board meeting In January 2025 d 15 feviewed annualsv. The Union consider it necessary to molntsin sufficient tevels ol re5eTVÈS in ordÈr to provide 5taknliry fof ongoing Student-d acti¥ity. and to safeguard Its ability to meet financial commitment5. E250.OW hacl been Set as B suitable level. Ar the yÈai ond the Unon had reserves of f 455,885120?4.. É461,5851 which exceedsthe target and Is therefore tons1dÈd to be In a good posilKIn. The Union'5 total incoming resources for the yeal were £1.610,45412024 £1,682.58ll. The block remained the same and the fee plèn reduced by f 50.(KM) 35 comp3red to the prior year. SimilÈrty, additional 8rant5 of £193,800 were reieived for Br3i15ford and 5nowdonia Watersport5 provlsion5. bein8 £15.OCK) more than the grant for 2023124. Olhei Erant5 recetved Included E15,000 from MEOR Ipreviovsly HEFCWI. E9.758 ffom the BaTh8or Fund (Alumni) 8nd a £250 contribution from the $3ngor MÈthodisi Church. Total resources expended were É1,616,15412024.. £1,8LI,3551, giving 2 net deficii of £5,70012024.. £128,774 deficit) The Union also invested £8.41012024.- f90,4261 in nÈw Èouipment Itan8ible tixed as5et51 durin8 the year. STRUCTURE. GOVERNA14CE AND MANAGEMENT GovernlnE docvment The ¢krIty Is centrolled by Its governini document. a deed of tfust, and constitutes a limited cornpany. limited by guarantee. as defined bythe Companies Act 2006. From L Au8USt 2018 the charitable company. Ban8or UnNersity Students, Union (Co. Number.. 112950631, is eoverned by $ Memoraridurn and Article5 of AsSOCiJtion as registeied with Cornpallies House and the Charltie5 Cc+mmi5510ll. Recrultrnent and appolntment of new trusiees The proce55 for appointing trusiee5 15 Set out In the Arti£les of A550ciation IArtiile 22,. 23 & 241. The board for 2023124 cornprised of 13 members.. five elected 5èbbatical Dfficer Trustees, four studefli trustÈÈs and four lèy trustees aPPOiDted by a simple majority vote of the Appointments Committee followinE 8 recruitrnent piocess Sncluding application ènd intervièw by è panel appointpd by the Govefnènce, and Appolniment Cornfflittee. Trustee5 are recrulted according to iheir skills and experience and 10 a role and person de5criptlOll Set by ihe Board which identrfE5 dè5ir3blÈ skills. In 2025 3 student trustee vècancies went out to advert at the end of the academic year and appointmenis made i June 2025. Or8inlsatlonal 5trurture The Board of Trustees admin15ter5 the Charity. The Boèrd are re5pon5ible for the 5trate8lt direction and o¥ersiEht of the Students, Union. The Boarrj meets Quarterly and must hold a minimum ol four rÈetln8s a year, wilh prowi5ion for other meetings lor emergency rneeling51 if they deem necessary, and there ère 5ub-COrnrnittee5 includ1ng Finènce. Governance Appointment5, nd Health and Safely which norffl3lly meet twice a year or Quarterly between Board rneeting5 and the Executlve ComrnrtieÈ that meets monthly. A Director 15 appointed by Ihe trugiees to manage the day-to-dèy operaiions of the charity and Board provides direcr line managemeni to thÈ SU Direcror. the Directoi has dele8ated authority for operational matiers includin8 finance and leadifi8 the staff te3m Sn the pvrsuit of or8aD153tional obietts and Is expected to report on progre55 a8ainst the sirategic and operaiional plan ar each mèeting of the Board. The 8oard delegate5 the rÈpresentational keadeiship ol the OTgani5atiDn to the SU Excutive. which encompa55e% the major elected student officers of the Studenis. Union, who take diFection from. afid are held to atcount by, the studeni body throu8h 8 varietyof nEchan15ms including the Student Forum and the Annual All Studeni Meetlll8. InrtIOn and tr•lnlng of new tN5tÈes All potential Trustees ieieive an SU informaiion pack prior to application. UFx)n appointmenr all trustees recefve a varieiy of information through their induction anij receDie an induciion pack. The Siudents, Union holds an annual Board traininB and Induciion to the iole whefe trustees ale briefed on their legal obligaii0fi5 and other trustèe responsibilities. a5 well as a discu55ion bout Board etfettlveness and Eovernance ènd priofrties tor the yeav. The Offlcer Trustee5 ale new to the Board every year or two years, so they underEO a rnore intensive trainne period. This training Sfarts after they are ele.-ted, and before the¥ start their terwn of office to enlure that they are fully awbrÈ ol thelr role5 and iesponsibiliiies and can pertorm their duiie5 to the best of their abilitie5 35 soon as possible. Trustees recewe iegular updates on PTogre55 Outside of Poard meeting5 and briefin85 Wlth the SU Director to ensure they are fully informed and have the opportunity to explore are35 In mare depth. Page 4
Oan8or Universlty Students. ilnlon Report olthe Trustees for Ihe year ended 31 July 2025 STRUCTURE. GOVERP4ANCE AND MANAGEMENT Wider fietwork The Studenis, Unon 15 èn affiliaie ot the National Union ol Student5 INUSI and regularly aitends events ad bripfin85 and en8a8es In knowledgÈ Èxchange ènd iralning proEf3nu within th15 national movement. Related partie5 The SludeDls' Unn 15 tied to Bangor UnersItY throuÈh the 1994 Education Act. Bangor Unwersity ha5 a siatvrory duty io take Such Steps 35 3fe reasonably piaciicable to ensuie thèt Bangoi Universiiy StudEnts' Union operores in a fair and democrètit manner and Is held to pioper account for it5 finance5. and tx)th parties fulfil their obli831ions in accordance wlih thp Act on an ba51S. Both pirties agTee a Relationship Agreement on an ènnual basis, ènd this prpvides • structure foi the inierartion between the siudenis. Union and University, a5 well 15 an on8oing commitment for fundin8 ind support this is in line with MEDR'S fjuidÈe on properly svpportÈd Students, Unions. The students, Unk)n 15 primarily funded throuÉh the receipt of an annual block granr, and via the Universlty Fee and Acce55 Pkin. The Unlversity provides appropriète prem15es for the Union ènd where necessary addltlon21 stora8e spate within the Universitv estate and the Srudent5' Union part-orrupie5 4 building owned by the Univer51ty and a leose for the agreed space ha5 been si8ned by both the University and Students, Union. The Student5, Union Is independenr of the University, but the Unwersity undÈrtake5 to employ staff and locale them within Ihe Students, Ufiion to 5UPPOrt, artminister 3nd a5515t in the man3Bemeni of the actbJltie5 01 the Unpon. The Union presents regulaT report5 to the Universlty on the Union'5 aCtIVitie5. Management, and finaniial 51tuatiun These èré given to the Unlversity at various cornrnittee5 such as Finance and Strategy Committee. Audit and Risk Cornrnittee and university Council. 5abbatKal OffitÈrs and Unlon 5taH sit on various UnS¥ersSty committees. Other Important relatlonshSps The Union collaborates with oth@T partners to deliver projects, partlcularly the k)cal councll, charit*s semce providers in the delivery of the cemmunily volunteering projects, and a150 with a range of local leisuie laciliiies in the case of WKlenin8 Student access to sport and activities. The Student5. Union affiliates to both the National Union of SludEnts and British Univer5iiies and College5 Sport for the purw5e of enttancin8 Student volce and cèmp2ignin8 and competing in national sporting competition respectively and regvlèrly ariends evenrs and briefing5 and enEage5 In kn¢wledEe eMchan8e and trèinins pro8rams within thpse Rlsk mana8ement Ttte tru5tee5 have 3 duty to identify and review the r15k5 to which the charity 15 exposed and to ensurÈ approprwtE contro15 are in place to provide re4sonable as5urante against fraud and elror. rhe Studen15' UniDn maintèins È comprehensive strategic risk management Ir£mework and 8ccompanying risk regi5tef which fullv derai15 the rlsk5 foiing the Students, vnion. Responsibllity lor this sits at tx)ard lÈvel, wlth operational re5POn5ibilrty devokved to the Director and mana8ers znd users. The reEi5ter is consiijered 3t each board Meeti monitored via thÈ 5ub¥gmrnlttee5. and discu55e(J in Senior Le8der5hip Teèm meetings. ThÈ principttl risks facin8 the Stodents. Union are in relation to the ran8e of activilies carr1ed out by student clubs and 50cietie5. with some ol these carrying a relative high risk of personal Injury. Eèth of the club5 and societies have a specific risk assèssment and set of prDtedures to follow. These procedure5 are ieviewed annually, and audit measures are in plat@ to ensurÈ compliance by each club and sociÈty. The Students. Union works èffectivety with Univeisiiy Heahh and Safely Services arKJ calls in expertisè to guide and provide empert advice when reouired. The Students. Union also complies with the University Risk Managernent Framework Financial rksk is rnona8ed via strong Interal financial procedures, rÈgulÈr budget and expenditure review. 5UPPOrt from èppointed profe5s10nal accoJnt8nts, and a rol5[ audit process. Insurance5 are in place 10 Secure the Studenis, Union's èssets, to prDtect ga1fi5t Public Liability, and to pfoteit thE Trusiees. Sufficient resg.rve5 are mèintained in line with the CharitV'5 reserve policy. Plan5 forlvture periods The Board will rgnlinue to work to implement the recommendaiir>n5 in the Charity Governance Code and ensure thar the orginisation is Èompliènt with both the detail the Spirit of the Code The new Undeb Bangor 2025.2030 SITèt@8v launched in Septernber 2025 and thè Board will ensure thai progress rowards the objectives outlined in the strategy are tracked IhfOJ8h effectlve scrutinyof the annual operational plan and key rIO[Man(e indi¢8tor5 over the five ye3r perlod. Page 5
8an8or Uni¥prsity Students, Ll*lon Report of the Trustees for thè year ended 31 July 2025 REFEAENCE AND AOMINISTRATIVE DETA115 Re8lste¥ed Company number 11295063 IEnglanLI 3nl Wale51 Re8btered CharY nurnber 1177930 Re8tsiered offlce 4th Floi>r Pontio Deilliol Road Bangor Gwynedd LL57 2TQ Trusiees G O Pugh Ire5iened 311101251 J M 51otei Iresi6ned 311101251 A E Edward5 D R Wilton N Ambreen IresiKnpd 30161251 L l Evans (resigned 30161251 H KoTob(zyÈ (resigned 31171251 R E Pu8h Ire5igned 30161251 S A Raihan IresiEned 301612SI M M Rooney IresigneL% 30161251 G E Rowl8nds Ire5i8ned 30141?51 M Tibbs (resigned 30161251 N Curran Director13ppointed 1171251 Y A jidda Director14ppointed 1171251 E G Lee5 Direttor (appointed 9171251 E E Mwema Director (appointed 9171251 A Ogunluyi Director lappointod 9171251 J C Osei Director18ppoinred 1171251 M H Safker Director lappointed ini251 Williams Director (appointed 1171251 E N Williams lèppointed 131iJl2SI Au&itors Azets Audit Serves StatrtoryAu(litor5 Chartered Accountants First Fbor Unit 55 Fferdd Williarn MDfBèn St Asaph Business Park St Asaph Denbighshire LLL? OJG Bankers Naiwesi Bank pli 247 High Street Bangor GwyDedd LL57 IPA Attouniants Powell Chartered Atcountènt5 Hen Dy'r Farchnad Mèrkei SireÈt Ruihin Oenbigh5hire LL15 LAU PagÈ 6
Bangor lJniver$ityStuderbt5' ilnion Rèport ol rhe TfUStee5 for Lhe year ersded 31 july 202S STATEMENT OF TRUSTEES, R£SPONSIBILITIE5 The Iiustees Iwho are also the directors of Bangoi Unfversity 51vdents' Union for the wrpose5 of company lawl are responsible foT preparing the Report of the Trustees the financial statements in accordance with èpp1iiable law and United KinEdom Accounting Standards Iuniied Kingdom Generèlly Atcepted Accounting Practitel. Company law requires the tru5tee5 to prepare financial 5t3tements for each Ilnanci81 year. Under that law, the trustees have Èleited to prepaTe the financial staremenis in accoFdanie with United Kid0M Genèrally Accepted Accounting Practice (United Kin8dom Atcovnting Slandaid5 and applicable lawl. Under cornpiny law ihe tru5ree5 musl not approve the fina181 sratements unle55 they are Satisfied that they Eive a true and fail view of the stèle DI atfair5 01 Ihe charitoble company and of the incomin8 resources and èpplitation of resourtÈ5. Including the inrorne and expenditure. of the charitable compèny for that period. In prepèrin8 those financial 5tatemenis. the irustees are required to select 5Ultable accountin8 policie5 and then apply them consistpntly., observe the rnethods ènd principles in the Charities SORP.. makejud8ement and estirnates that are reasonable ènd prudeni", $13te bvheiher applicable ac£ouniinB st3ndards h3¥e been followed, subjett to any material departures di5tlosed and explained prepare the financlal statements on the 8oin8 concÈrn basis unless it Is inappropriate to pre5unE that the Ihafltable company will continue in business ThÈ trvstees arÈ responsible for eepinB proper accountln8 records which dlsclose with reasonable accurary at any tSme the financial position of the charitable company and to enable them to en5vre that the financial 5taternents compty with the Companies Att 20rkn. They 8rÈ also respunsible for 5aleEuardine the as5eis of the chariiable tompany and hÈnce for iakin8 ieI50nable steps lor the prevention and detection of froud and other irregularitiÈs. In sofar asthÈ trustees are awère.. tkre is no relevant audit infoimation ol which the chariiable company'5 auditors ale unawafe.- ènd the trustees have t3ken all 5tep5 thar they ought to have tèken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that Infowmètion. AUDITORS The auditors, Azet5 Audit Services, will be proposed for re-appointment at the forthcomin8 Annual General Meeting. Rèport of the trustees. incorpvrating è 5tr3tegic report, èpproved by order ef the bD8rd of trusteè5. as the company director5, en 26 Marth 2026 ènd signed on the boèrd's behalf by. S FInkIn Trustee Page 7
Report of the Independent Auditors to the Trustees ol Bangor University Students, Union OplThlon WE have audrted the tinancial 5tatemÈnis ol 88n8or Univer51ty StudÈnts' Un10n Ithe 'tharitèble company I loi the year ended 31 july 2025 which comprise the StbtÈment of Financial Activlties. the B313nce Sheet. rhe CHsh Flow Statement and notes ro rhe Iinéniial Sldiernents, including a summar¥ of 5i8nifKanl accountini policies. The financial reporting Irarnework that ha5 been applied in their prepar4tlOn 15 bpplicable law and United KinEdom Atcountine Standards iijnited Kingdorn Generalty Accepted n ovr opinion the fin3ncièl statements.. give a true and 131r view of the State of the tharitable company's affairs as ai 31 July 2025 and of Its iniomin8 resources and application of re50urre5, Including its income and expendituie. for the year then ended.. have been properly prepared In Jccordance with United Kinedorn Generally Accepted Accounting Prartice,. an(J have been prepared In èccordarKe with the requirements of the Companies Act 20(6. Basls for oplnlon We condurted our audit in attordènce with International Standards on Auditing IUKI 11SAs IUKII and applicaW@ Liw. Our statements seciion of our report. We are Independent of the charitable company In accordance With the ethical reouirements that are relevant to our audit Ot the financial statement5 in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our oihei elhiial re5ponsibiliries in 4CCOTdancÈ wilh these requirements. We believe that the audit evidence we hève obiained 15 5ufficSent and appropriaie to provide a basis for our opinion. Conduslons relatlng to goln£ concefn In auditin8 the finèn£ièl siatements, we have concluded that the trustees, use of the goin8 concern bè5is of occovnting in the Pfeparalion ol the financial 5taternents is appropriète. Based on the work we have peiformed, we have not idelltrfied any maierial uncertèinties relatin8 to events Of condition5 thèt. individualty OT CollectelY, rnay tèst sl8nlfic3nt doubt on the Iharitable company's abllity to continue as a going roncern for period of at leasi twelve month5 from when the flnanck31 statements are authorised lor SUe. Our Te5POll51bilities an(J the re5wn5ibilities of the trustees with rÈspett to going concÈrn 8re described In the relevant sectn5 of this report. Othor Information The irustees are re5pon51ble foi the vther informaiion. The other Information COmPF15e5 the Informatioll included In the Annual Report, other than the financSal staiements 3nd OUT Reportof the Independent AuOitor5 thereon. Our opInn on the financial siatements does not cov@r the other Information and. except to the eKienl Otherwise ex111¥ Stated lfi our report, we do not express any form of assurance conclusion thereon. In connection with our audit ol the financial statements, our iesponsibilrty $ lo read rhe other inforMatn and, in doin8 $0. consider whether the other infoimaiion Is rn31erially inionslsieni wilh lh& flnancial statements or our knowledge obtained in th audit or otherwise appears to be rn3teiially misstated. If we identify such materkil Incon515tenEies or apparent material misstatements. we art reouired to determine whether this gives rise to a maierial mi55tatement in the financièl statements thetnselves. If, based on the work WÈ have performed. we con¢lu¢È that Iherè Is a material rnisstatement of this other Inforrnation, we are required to report thai fact. We have nothing to repon In th15 reEird. Matters on whlth we are requlred to report by exceptlon We have noihin8 io report in respect of the followin8 matter5 Wre the Charitie5 (Accounts and Reports) RegulatnS 2W8 requires u5 to rÈport to you il, in our opinion.. the Informotlon Eiven In the Report of the Trustees is Inconsistent In any material respect with the fin3nti31 statements., or the charitable company has noi kepi adequate 3CCOUntln8 records,. oi thÈ IiTrallcial 5tatèment5 are not In agreement with the èttounting records and returns.- or we have not received all the Inforrnation and explèThation5 we ieouire for our audit 8espon51billties of trustees As explained more fully in the StalErnent of Trustees, Respon5ibi1itie5. the tru5tee5 (who aTe a150 rhp diFEltors of the chèritable OmnY foT the purp05Ès ol company lèwl ère responsible for the prepèfaiion of Ihe finarKial st3temeTrts and for being satisfiEd thai rhey Eive 3 rrue and falr View, and for suth internal control as the trustees determlne is necessary to enable the prepafation of financial stètement5 thai are frÈ& from material m159tatement, whether due to fraud Of erro¥ n preparin8 the financial siaiements. the tFU51ees are rÈspoftsible for assessing ihe chariroble company's Hbility to continue as 601Th8 concern. disc105ing. a5 applicable, tnattefs related to goin8 cofiiern and usiw the going toncern basis of accouniing unles5 the trustees eithei InieDd to Iiquid3te the chaTitsble company or to cease operations, Dr have no realistic èlternatlvÈ bul to do so. Pèee 8
Report of ihe Independent Auditors tD the Tru5tee5 01 Binger UniversityStudenl5' Unlon Our reswnsibiltties for the audit of the linancial 5tètement5 We havÈ bpeTh appointed as auditors under Section 144 of rhe Chèriiies Act 2011 and report in accordance with the Att Ènd relevant re8ulaiions made or having effect thereunder. Our tsbiectives are ro obtain reasonable 355ur3nce abovt whether the financial stètements as a whole are free from material mi55taiemeni, whether due lo fraud oi errol. and 10 $se a Report ol the Independent AudilOYS thai include5 our opinion. Reè50nable a55urance is è high VÈ1 DI è55urance, but is not a guarantee ihat èn audit conducted In 3ccofdance with ISA5 IUKI will Iwèy5 detect a material misst3tement when It eXt$. Mi55tatements cèn arlse from fraud or error ano are considered tnateri31 it. individually oi In th@ a8gre8ate, they could reasonably be empected to +nfluenie rhe econornic decislons of user5 taken on the basis ol thesÈ IinBncial 5tate(nents. The extent to whi£h our procedules are capable of dèttttin8 IrrÈgularlt1¢5, Includlng fravd Is (Jetoiled below: We obtèin and update our vnder5tanding of the entity. its activitie5, It5 control environment, and likely lulure dÈvelopments, Includin8 In relation to the 1È8è1 and re8ulètory fiamÈwork èpplicable and the entity is complying with that framework. BasÈd on rhis undersranding. we identify and a55e55 the risks of maierbl missièiement of the financial Statements. whether due to fTavd or erior, design and pertorm oudrt procedures respon5we to rhose iisk5, and gbtain èvdil evldence rhat IS 5ufticient ond appropriate to provide a basis loi our opinion. This includes consideraln of the risk of acts by the entity that were conrrèry to applicable laws and regulation5. including Fraud. In response to the risk ol Irregularities and non-¢ornpliance with laws and regulations. Including frèud. we designed procedurÈs which Included.. Enquiry of m8na8ement and thosÈ charged wtth 8overDance èroun(J actual and potential Iitl8Jtion and claims a5 well as actua., 5U5pecred 3nd allèged fraud.- Reviewing minutes ol meetings ol those caarged with 8overnènce'. A55e551D8 the exient of cotnpliance wilh the laws and reEulatJons considered to hÈve è direct material effect on the financièr 5taternents or the operarions of the cornpany through enquiry and inspection,. Re¥iÈwing finaniièl statement disclosures and tÈstln8 to SUPPQrtin8 doiumeniaiion to assess compliance with applicable laws nd regJlatioTrs'. Performln8 audit work over the risk of mana8emeni bias and override of contro15, Includin8 iestin8 of journal Èntrieg and other adiustrnent5 foi appropiiateness, evaluati the bu5ine55 ratior131e of 51gnificant transactions outside the normal course of bvsiness ènd reviewing accounting e5titnates for indicators of potential bia5. material m1s5tatement In the financial statement5 or non-compliance w1th rÈgulation. This risk Incieèses thè more thii compliance with a law or re8ulatioD is rernoved from the events and tr2nsactions reflectecl in the flnènci31 statements, a5 we will be Ss likely to becoffte aware of Instances of non.10mplnEe. The r15k of not detecting a material misStaierneTrt resvltinB Irom fraud 15 highei than foi one resulting frorn error. as traud rna¥ Inwelve collusion, forgery, intentional omSsslons. mi5repre5ent4lion5, A further description of Dui re5pc>n51biliiies for the audit ol Ihe finèncièl staternent5 is located en thp Financial RepDrtin£ Couniil's wÈbsitÈ at www.frc.or8.uk/auditorsre5pon5ibiliiie5. Thi5 deKription forms pari of our Report ol the Independent Auditors Page 9
Rewt of the Irbdependent Audiiors tts ¢hè Trustees of Bangor Unlversity Students. Uolo Use of tyjr report This report Is made solely to the charitable companvs tfustees, as a bo(ty, In accordance wSth Part 4 01 the Charitie5 (Accounts and Reports) Re8ulalions 2008. Our audit work h35 been undertaken so that we rnEhr 51ate to the charitable company's tnjstees tho matter5 we ère re9uired te state to them in an auditors, report and lor no other purpose. To the fullÈst extent permittÈd by law. we do noi accept or 655ume resptrnsibility to Bnyone other thon the charitoble company ènd the chailtèble cornpany'5 trustees as body, lor our audrt work, for this rewrt, or lor the opinn5 we have forrned. jonathan Ward (Senioi Stètulory AuditDrl ets Audit Servlces StatutoryAuditors Charted Accountant5 Eliglble to att as an audltor in terms of Section 1212 01 the Cornpanles kt 21))6 Flrst Floor Unit 55 Ffordd William MorÉan St Asaph Buslness Pafk St Asaph Denblgh5hire LL17 OIG Date..,............................................ Pase 10
BanBor Unlver$5tyStudents' Union Statement ol FIAancial Activliles for the year ended al July 2025 2025 Total funds 2024 Tgtal lynd5 Vnrestricted funds Restriited fund5 Notes INCOME A14D EIIDOWMENTS FROM Grants, donations ind legacie5 640,910 904,131 1,545.041 1,594,454 Charltable artlvltle5 13,269 1,005 8,559 13,269 1.005 8,559 17,178 UMC 27,582 Orher tradinE activiries Investment Income 37.089 5,491 37,089 5,491 35.509 7,858 Total 706,323 904.131 1,610,454 1,682,581 EXPEIIDITURE ON Charitable artivitie5 Athletic Unio Societ*s Studeni Volunteering UMCB Academii RepreSentatn Unll Events Communications and Morketing Demoiracy Educèiion Central Spr¥ice5 Human Resourie5 Depieclaiion 3.063 399,497 12,093 6,011 2,335 10,723 5,948 10.334 402,560 l2,093 6.011 13.207 15.759 5,948 17,067 22.971 742 263.922 801.704 54,170 441,912 17,347 9,738 40,550 24,055 11.744 31,308 24,668 2.188 272.423 888,269 7.143 10,872 5,036 6,733 22,971 742 235,286 473,778 18.963 28,636 327,926 35,107 Total 777.444 838,710 1.616,154 1.8JI.355 NET INCOMEIIEXPENDITUREI Transfers between funds 65,421 192,2181 15,7001 1128,7741 14 92,218 Met M0Ment In funds 21,097 126,7971 15.YOOI 1128,7741 RECOIICILIATION OF FUNOS Total funds brouEhi fDiwaFd 371.762 89,823 461,585 590,359 TOTAL FUNDS CARRIED FORWARD 392.859 63,026 455,885 461,585 CONYINVING OPERATIOIIS All income and exppnditure ha5 èri5en from iontinuing ?ciivibe5. The notes torrn part ol these finaficial statements PÈ8e 11
BangorUnivE¥Slty Student5, UnK)n Balance Sheet 31 July 2025 2025 Totèl funds 2024 Unrestritie lund5 Restricted fuTrds funds Notes FIXEO ASSETS Tangible 3ssets li 48.393 53,025 IlJ.418 157,180 CURRENT ASSETS DebtDrs-. amounts filling due withln year Cash ai bank and In harbd 12 L29,550 249,862 8,299 113,414 137.849 363.276 117,364 360,876 379,412 121,713 501.125 478.240 CREDITOAS Arnobnts falling due within one year 13 134.9A51 lJ56,6581 1173.8351 NET CURRENT ASS£TS 344.467 344,467 304,405 TOTAL NSSETS LESS CURRENT IIABILITIES 392.860 63.025 455.885 461,585 NEf AET5 392.860 63.025 455,885 461,585 FUNDS Unrestritted funds Restricted fvnd5'. Fee Plèn Bangor Fund IAlurnnil 14 392,860 371,762 56.249 6.776 89,823 63,025 89.823 TOTAI FUNOS 455,885 461,585 The chaiiiable £ornpany Is entStled to exemption frorn av(Jit uniJeT Section 477 of thÉ CompaniÈ5 Att 2006 fur the year ended 31 luty 2025. The members have nut dEp051Led notice. pursuant to Sectron 476 of the Cornpanie5 Act 26 requirini èn audit of thÈ5e finbncial statements The trustees acknowledgE their resPOn5ibilitie5 fur ensuiing that the charitable company keeps ècc¢unting records that comply with Sections 386 and 387 of the Cornpanie5 Att 2006 and preparin8 financial 5tatement5 whiih give a trLFe and fair wiew of the stare ol affairs ol the charitable company a5 at the end ol each finènci81 year and of its surpltss or defiiil lor each finantial v@èT in acicrdanie with the requirements 01 Seciions 394 èrtd 395 and which otherwlse comply wilh the re4virèinent5 of the Companie5 Act 2(KJ6 re12tin8 TO financial Statements. so far a5 applicable 10 the charitable company. The* financial statemeriis have been auditèd under the requirement5 Of Section 145 of Ihe Charities Act 2011 The fin8nc1315taternents were approved by the Board of Trustees and authorlsed for issue on 26 March 2026 and were signed on lis behalf by". Y A jidda. Trystee The note5 lorrn part of these lin£la1 ststements Page 12
Banpr Unlverslty students, Uthton Cash Flow St•temtnt fwthe year ended 31 July 2025 1025 2024 Note5 C45h Ilw frpmoperatln¥ AcllvTrttes Cosh 8enerated Irom opefations 5,319 176,1771 Net£ash provlded byllu5¢d Inl operatingartleS 5,319 76.L771 Cash ftows from Inwstlng irtl¥hhs Purchase of tan8ible fixed assets Interest recelved 18,4101 5,491 190,4261 7,858 P4et cash used In In¥estiry èrtivitss 2,9191 182,5681 Ch•ng¢ In ¢ash Ind whequl¥•ltnts kn th¢ reportlw perl¢d Cash ond o5h equlv8lentS •t the beilnnln4 of the reportln8 perw 1158.7451 360,876 519.621 Cash ush ¢wlv•l•Ns •tih¢•fjd olthl r•portin8 p•rlod 363,276 360,876 The note5 form part of these Ilnanclal siaiements Pa4È 13
Bawor Utblverslty Students. Unlon Not15 toth• Cash Flow Stst8rn•nt forthe y•ar efided 31 July 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVrnES 2025 2024 N•t ¢xp¢ndlturelortht reportlfiA perknd las per IheStatement of Hnanclal Artlvjthsl Adlustmentsfor: DepreciatTr charges Interest recelved Ilncreaselldecrea5e In debtor5 Dec1$e in credOr5 15,71XII 1128.7741 54.172 15.4911 120.4851 17.1771 47.142 17,8581 32,505 19.1921 N•t ¢•sh provhled byllused IAI opernlons 5,319 76,177 ANAIYS5S OF CHANGE5 IN PIET FUNDS At 118124 C•5h flow At 3V7125 ¢•sh Cash at bank •nd in hlnd 360.876 2.400 363.276 360,876 363,276 Tot•1 360.876 ?,400 363,276 Tht notes form plrt ol these lina1•1 st•rÈments P•ie 14
BangoT Universitystudents. UThion
Notes to the Ftnancial Statemerbts
forthe year ended 31 July 2Q25
ACCOUNTINfj POLICIES
Basis of preporing the linanclal statement5
The fin6nclal ststements of the CrItable iompany, which 15 a public benefrt entlty under FRS J02. have been piepared in
accordante with the Ch31ities 50RP IFRS 10?) 'Aitountin8 and Reportin8 by Ch3rities.' Staiemeot of RecommeDded
prai1 applicable to charilie5 piepafing their èccount5 in accoidance with the Financial Repoiting StandarLI applicable in
the UK and Republic of Ireland IFRS 1021 lefFective l Januèrv 20191,, Financk41 Reporti standard 102 'The Financial
Réptrrting Standard applicable in the UK and Republic of Iland, and the Companips Act 2W6. The finan
8an8or Llniveislty Student5. Union Notes to the Finar*cial Staternents- cofiilnued forthe year ended 31 July 2025 ACCOUNTINfj POLICIES- continued Fund accountlng Unresir1Cted funds can be used in accoidaDce with the chariiable objectives at the discretioD of the tru5teÈs. Restricted funUS can only be used for particular re5triaed purposÈs within the object5 of the chèrlly. Re5triciion5 arise when speiifled by (he donor oi when fynds are raised for particular reStrted purposes. The re5triited funds are ès follows-. Fee Plan A 8rani receive(J Irgm Ban8or unsversily and it5 35501iated expenditure within the tPTmS uf thèt 8rani. the purpose of whith is to advance the student experienc? Jt Bangor Universiiv. Sporting Prov15ton Grant tntome received from Bangor University to be spent on sporting facilifie5 for trainin8, competitions eic. MEDR (previously HEFCWI This is gfant Income from the Commission for Terti3ry EducatDn and Research Ipreviouslv Ihe Higher Education Funding Council for Wale51 IONvords various piojects, such as health and well-beirt8 suppon for 5tudenrs, supportin8 Ihe inter-ufjiver51ty eisteddlod. creaiin8 è sen50ry IOQrn Étc. 8Èngor Fund (Alumni) These are specific Erant5 toward5 5petifit projerts. Thi5 ye3T they were for a sexual heilth carnpaiEn, easter activrtie5 mirror5 foT the dance 5tDdio. Clubs and Societ5 The Club5 and Socierie5 of Bangor Uniwer5ity Studenis. Unn ra15e and Spend their own fund5, these monies are held In the students, Union's bank account and ongoing balances are maintained for each Clublsociety. Any iJn$t ba1ance5 remain Ihe property ot the Club5 Societies so are recogn15ed a5 curieni liabilitie5 by the Students, Union within Other Creditors. where there ho5 been an ove15pend, this is ieco8nised a5 a iurrent liabilty within OtheT Debtors. No income from Clubs and Societie5 fundrèising aaiviiies are recognised In the SOFA. nor are any correspofiding expÈn5Ès, however, Bangor Un1versity Students, Union retO8nise an expense in its SOFA for funds thai ère èllocated by Itself to the Club5 and Societies by way of 8rantS. Baslc flnanc131 instruments Trade and other debtors I creditor5 are 311 recognised at the transaction pricÈ. Cash and lash equivèlents comprise cash balances and call deposlts. Where applicoble. bank overdrafts that are rep6yable on demand and form inteeral part of the Charity's cash m3nè8ement are included as a componeni of cash and 5h equivalenis foi the purpose only of The cash flow statemeni Hire purchase and leasing commitmtnts Rentals paid under operaring le85e5 are charged to the sraremeni of Finaniial Att1wit$ on a straiBht line basis over rhe perigd gf the Ipa5e. Pènsion costs athd other post-retlrement beThelit5 The Charity's 'employees' ère employed directly by Bangor University, not the Charity. The employmeDt CC5ts are recharged to the Charity by Bangor University and included In these accounts as rf Incurred ès employment costs for ompletenÈss and transparen£v. A numbei of the employees are member5 of Bangor University's Pen5i0n and As5urante Scheme. The èssets of the 51heme are held sÈpèrètely from those of the charity in independently admin15tered funds. Paymen1s made to this scheme during rhe financial year amounis to £61,03812024. É86.5821. The 5cherne is defined as a defined contribution 51heme for thp piirposes of FR5 17 - Aeiirement Benefits, as the Chariiy is unable to ideniify its share of the underlying P38e 16 continued
Bangor Universlty Studen15' ilnlon Notes to ihe Finat)cSal Statements- cont4nued loi the year ended 31 July 1015 GRANTS. DONATIONS AND LEGACIES 2025 202 Block grant Fee plan giant Brailsford and Snowdonia sporlinE provision Grant5 recewed Donations in kind 556,275 685,570 193.800 25,008 84,388 556,275 735.571 178,800 39.420 84.388 1,545,041 1,594,454 Donaiion5 In kind labovel relate 10 5erviies provided by Bèn801 University to the Students, Union without charKe. the amounts included are as follows and are be51 eStlmate5 of the rotional costs). 2025 2024 Rent for offices 84.388 84.388 Total donations In kind 84,388 84.388 OTHER TRADING ACTIVITIES 2025 2024 Internal rechèT8e of motor vehiile intotne WÈlcome week oihef Income 17,439 10,000 9,650 17,830 8.800 8,879 37,089 35,509 INVE¥IMÈNT INCOME 2025 2024 Deposii accouni interèst 5,491 7,858 INCOMÉ FROM CHARITABLE AcfiviTIES 2025 2024 Club and Society events Club 2nd Society event5 Club and (let¥ evenis Athletic Union Societies UMCB 13,269 1,005 8,559 17,178 27,582 22,833 44,760 An ènnual rugby trip 15 or8ani5ed by rnembers ol UMCB. In previous year5 the income and expenditure wès reto8ni5ed In the SOFA ol bèngor University students. Union. However, steps have been taken to ensuie that the risks and responsibilities of organising theevenl C4[1¥ Sit with thÈ relevant stvdÈnts' sortY. The Students, Union doe5 not benefit financially and rnerely acts as an èeent. Consequently, neither the Income of £24,7LKJ during 2024125 nor the èssotlated c95ts of £24.700 have been recDgni5ed In the SOFA this year. Certain other Iharitable Income from UMC8 la5 Jbo¥el continues to be rÈcognised in the SOFA and felate5 fflainly to UMCB $her5 wekome packs and the Rhyng-gol Ilntertolle8iate Eisteddfod) Pè8e 17 cOntnUe0..
Bangor Vnfverslly Students. Union Notes tDthe Financial Statements- tontlnued for the year ended 31July 202S CHARITABIE ACTIVITIE5 COSTS Support costs Isee note 71 CD5t5 Totals Athletit Union 5ociEtie5 Student VolunteerinE UMCB Acadernic Representation Unil Events Communications and MèfketinE Democracy Education Central SpNiiÈs Human Resource5 Depreciation 402,560 12,093 6.011 13,207 15,759 5,948 17,067 22,971 742 ID5,32D 449,424 54.170 4102,560 J2,093 6,OLI 13.207 15,759 5,948 17,067 22.971 742 263,922 801,704 54.110 IS8,602 3S2,280 1.105,272 SlQ,882 1.616.154 Thp tharity'5 Costs are categorised by major expenditur* iypes, based on the main departments wlthln the Stbdents. Union. Thesè are furthei split between those cost5 that ale directly attribuied fo the core funttlOn5 of the charity. and those rektine to more 8Èneral administration costs SVPPORT COSTS Human resourtÈs GovErnante C05t5 Management Finance Totals Central Service5 Human Resources 113.995 2.505 42,102 158,602 352.280 352,280 113.995 2,505 352,280 42.102 510,882 NET INCOMEIIEXPENDITUREI Net Incornellexpenditurel is stared after rharginpj1tdI¢in8l. 2025 2024 Auditors, iemuneration Depreiiation owned asset5 Other operoting leases 15,900 54,172 15.300 47,142 90,718 The Auditor's rÈmunoration for rhe year ended 31 july 2025 hag bÈÈn actrued ai £15.90012024.. £15,3(MII. TRUSTEES, REMUNERATION ANP BENEFITS During the year ten 12024.. ninè) of the trustees were remunerated for their roles as sabbatral officers of the Students. Union. the iotal tOtt18ross salare5. ernployer5' NIC. pension and levyl was £135,28012024.' f142,8261. The remuneratlon pèld to them is in accord3nte with the ilnion's con5titvrion No 51n8le tru5ree ¢èt@wed remunpr3tion or benefit5 exceeding É60,000. No more than five ITusteès are iemunèrèted at any speclfic tlme. The remunerated tiustees were. N Ambreen Y Alidda Jcosei G E Rowlands M l Tibb5 N E Curian H Korobciy REPuÉh M H $6rker H H Williarns Page 18 continued...
Ban8or Vniver51ty Studerts. Utyion Note5 to Ihe Flnanci?I Starement5- wntlnued loi the year ended 31 July 2025 TRVSTEES, REMLINÉRATION AND B£NEFIYS- continued Trustee5' expen5ES Tru51ee5 expenses during ihe year were £2.297 IZ024-. É1,3401. Fwe Trustees 12024-. two) wei@ re-irnbuI5ed foi eMppn5e5. Other tru5tee5 105ts weie 8enerèl £osts not allribulable 10 any single trustee and paid directly by ihe Unron. io. HUMA14 RESOURCES The CharitV'5 'employee5' are employed direcily by 8èngor Univer51ty. not the Cbarity. ThÈ Èmployment costs arè rechai8ed to the Chèrity by 8angor Universjty 3nd included ID these accounts as if incuried as ernployment costs for rornpletene55 and Iran5parÈntv. There are Do full time ealent staff employed directly by Oangor Unwer5ity StudÈn15' Union. howeYÈr, the average numbeT cil 83n8or Univer51ty employees whose main dulles and responsibilitie5 are within the Students, Unlon are ès follows.. 2025 17 2024 19 Administrative Sabbatlcal Staff costs were as ftsllows.. 2025 2024 Gross wa8es/salaries Employer's national insurarKe Pension5 CE>5t5 Levy and cosr5 eic 654.386 60.539 61,038 706.4041 59.653 86,582 514 Total 776,013 853.153 Other cost5 relating to human resourcing durin8 the year, e.8. staff trainin& travel etc. totalled £25.69312024.. £35,115). One employee12024-. nil) received remuneration or btnElit5 (gross s3L7ry plus employer pension) exteedinE £70.(0. KEY MANAGEMENT PERSONNEL Key manègemeni personnel are those peisons having authority and responsibility for plannln8, diretting anij contiollin8 thÈ aitiwitiès of thè Students. Union. Stèfl cost5 include 5alarle5 and b$51Jciated ttsst5 relatin8 to the employtnent of key peisonnel. Cost5 Include both empk>yers' pension ènd Nl contributions. The number of full time equlvalent key management personnel le¥cludiTr8 Trustees as disclosÈd aiK)vel durin8 thÈ year was 312024.. 31. 2D25 2024 Key management personTrel c05t5 192,697 153.332 Page 19 continued...
6oDgor University Students. Union Note5 to the Financlal Slaternent5- continued for Ihe year ended 31 July 20Z5 ii. TANGIBLE FIXED A55ET5 and Motor Cornpuier equipment Equlpment Toials COST At l August 2024 AdditlOn5 Disposa15 255.794 8,410 156,4521 27,514 53.497 12,479 349,284 8,410 163,6981 Al 31 Julw 2025 207.752 26,889 53,497 5,858 293,996 OEPRECIATION At l August 2024 Charge for VEal Elirninaied en disposal 165.971 35,208 156,4521 13,951 4,890 16251 1,115 13,374 11,067 700 16,6211 192,104 54,172 163.6981 At 31 JuNf 2025 144,727 L8,2L6 14,489 5,146 182.578 NET BOOK VALUE At 31 July 2025 63,025 8,673 39,008 712 111.418 AI 31 July 2024 89,823 13.563 52,382 1.412 157,180 ThÈ assets, li8bilitie5 Ènd operaiions of the unincorporated charlty, 63nEor university StUents. Union, were tr3nsfeiied inio this incorporated charity on l Au8USI 2018. The nel book value of Ihe filed assets were recognised a5 additions acquired on l Au£u51 2018. Depreciatlon Is 3ppliÈd on the oiiBinal lost ol these assets over their remaining useful life. WheTe a55ets ha¥e beEn tran5ferrÈd from the old unincorporated charity. the depreciatpon ha5 not been Iharged on N6V as doin8 so would generate a I0r raie DI deprec110ft th3115 not realistit 8iven the condilionluseful Ilfe of the asset. 12. DEBTORS.. AMOUNIS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtor5 8an801 Univer51ty debtor Prepayments Accrued inconie 4,116 8,299 123,337 630 1,467 2,009 9,314 99.948 6.093 137,849 117,364 The balance of £8,29912024.. £9.3141 within other clebtor5 reprÈsÈnt5 amounts due From the Clubs and Societie5 t¢ Ban£oi Uni¥er51ty Students, Union, these afe treated as restritted funds and ?ffl equal amount of the tash at bank Is also IreaLed a5 re5trirted on the balanie shÈet. Page 20 contlnued.
Bangoi Univer5ityStudents' Vnion otes io the Flnanrlal Statements- continued for the year ended 31 July 1025 13, CREDITORS.. AMOUN75 FALLING DUE WITHIN ONE YEAR 2025 2024 Trade credStois oiher creditors Commercial card Accruals ènd deferred Income 6,893 121,713 5,018 23,034 3.845 116.828 1,477 51.685 156,658 173,835 Other creditors of £121.71312024-. E116.8281 iepitsent amounts due to the Club5 and So(iet*s from 8angor UniversSty Students, Union, these are treated as r@strKted fvfid5 and an equal amount of the tè5h ht bank 15 also tfeated a5 restricted on the balance 5heei. J4. MOVEMENT IN FUNOS Nel movement in fund5 Transfers betwÈen funds At 3117125 At 118124 Unrestritted fund5 Gene¥al fund 371.762 171,1201 92.218 392,86D Re5tritted funth F@È Pla SponinE pfovislon MEDR IpTeV. HEFCWI Gr3nt5 Bangor Fund (Alurnnil 89,823 45,104 15,340 178.6781 56,249 1.579 221 6.555 6,776 69.823 65,420 192.2181 63,025 TOTAL FUNDS 461,585 5.7001 455,885 Nei rnovèment in fund5, Included In the above are ès follows. Incorning resourt&s Resources expended Movement Unrestvitted funds GeneTal fun 706.323 1777.4431 171,1201 Restrlrted funds Fee Plan Swrting provlsion MEDR Iprev. HEFCWI Grants B3n8or Fund (Alumnil 685,572 193,801 15,Th)0 9,758 1640.4681 1178.4611 116,5791 45,ID4 15,340 11,5791 6.555 9Q4,131 1838,7111 65,420 TOTAL FUP40S 1,610,45 11,616,154) 15,7001 Page 21 tontinued...
Ban¥or University Students, Union Notes to the Financial 5tatements- continued for the yeai ended 31 July 2025 14. MOVEMENT IN FiJNDS- continued ComparètNes for fflovemehi In funds Net rnovement in lund5 Transfors berwee funds Al 3117124 Af 118123 LSnrestrirtedluDds General funLI 497,450 8,653 371.762 Restritted funds Fee P12n Sporting provi510n MEOR (prev. HEFCWI Grant5 92,909 8,057 111,1431 503 1,987 89.823 11,9871 92.909 5,567 18.6531 89.823 TOTAI FUNDS 590,359 1128.7741 461.585 ComparatNe net mDVe.menl in tunds, Included in the above ore as follows.. comin8 resovrtÈs Re50urtes ekpended Movement In fund5 Unrestrlrted funds General fund 736,788 1871.1291 Re5trlctedtunds Fee Plan 5portinE provi510n MEDR IpfÈY. HEFCWI Grants 735,572 1?8.800 31,421 1727,5151 1179.3031 133,4081 8.057 15031 11,9871 945,793 1940,2261 5.567 TOTAL FUNDS 1,682.581 11.811,3551 1128,7741 ThÈ General Ivnd relates Ic> the block grant recelved frorn 8angor University and other minor sources of income which are vtilised by thE Student Union to provide the Universitv Students with a wide rènge of servitt5. f¢¢rtrl¢ted funds The Fee Plan fund Is a 5peiific income frorn the University which must be Spent In order to enhance the student experience within thÈ tefms of the Brèni agreement, Ihis constitutes è restrlcied fund. The Sportin8 Provision 15 grant IriEomÈ received from Bangor University to spent on sportln8 fac1lit$ loi tr3inln competillQn5 et¢. MEDR Iprevlously HEFCWI 15 Erant intomÈ Iiom the Comm1s510n for Tertary Education and Research towards vèriou5 projects. such a5 health and well.beSng supporE for Srudent5. SUPPOrting the inier-universily ei51eddfod, creating a sensory room etc, Bangor Fund IAlumnil Ihèse ère specific 8iant5 towards 5pecifii proieits. This year weTe fDT a sexual health rotnpoign, easiei activities and tnirror5 foT IhE dante studio. Pa8e 22 coniinued
8an¥or UniYer51ty Students. Unlo Note5 ro the Finantial Stètements continuÈd for the year ended 31 July 1025 15. RELATEO PARTY DISCLOSURES The Sluden15' Union receives annual funding from Sangor Unlver51ty, total funding duiing Ihe iurient yeèv wa5 £1.435,647 12024-. E 1,470,6471. BanÉor University StudÈnts' Union have offices In the Poniso buil(J1n& which 15 owned by 88n801 uner$i1v. A rent31 cost of £90,718 is re(08nised In the accovnis to 31 july 202512024.. £90.71810l which, E84.38812024-. £84,38811s a noiional rent with a coiresponding intDrne recoBni5ed a5 a 'donaiion in klnd, Irom Bangor Unlver5ily. the balance of £6.330 wa5 physically paid to 8an8Of University and the block grènt income hès bÈÈn increased by the correspondin8 arnount (included In the total iunding fi8ure above) to fund the yent cost. 16. FINA14UAL INSTRUMENTS The carrying amotsnts of the tinan£ial a55els •nd liabilities include.- 2025 2024 Financial assets that are (lebl in5trumenis measured at amort15Ed cost Trade debtors Bangoi University debtor Cash at bank 4.116 123.337 363,276 2.(KJE 99.948 360,876 Irade creditors Commerci31 caid Accrua15 Oelerred 8r6ni Income 16,B931 15.0181 123,0341 13,8451 11,4771 151,6851 PagÈ 23