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 Un￿er$lty 51ud¢nts' Ufjlon
onients ofthe Fln*nrl*lStatements
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. p￿sent 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 ￿Tiv￿rIEs
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"un￿n"l is 3 students. union wlthin the meaning of the Educ3tion Aci 1994. The Union 15
devoled to the edUCat￿nal 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 aVal￿ble 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 SI￿dentS,.
being the recognised representative channel between studènts ènd Bangor UnIver￿ty 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 wh￿h it
rne3suies Irs irnp3Ct and the attvancerneni ol these objects over the pÈriod.
S18n￿lcon¢ 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, Meet￿nE 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
protect￿On 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 sUb￿antIal assurance. and the
Financial Audit sèw only one recornrllendatlDn, ￿t1￿CtIng 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 a￿ve 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. At*letit Union Awards, HiEh Sheriff AwariJ5. and
UMCB Awards.
Introduced Summer 5e5510ns. offering Inilu51ve wellbeing?focused acti￿lieS 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 recognIt￿n, 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
provis￿0￿, 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 ro￿5 3cr055 all departrnent5 trf the SU. offerin8 students employrnent
Opportun￿les, 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 tons1dÈ￿d 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 $3ngor MÈthodisi
Church.
Total resources expended were É1,616,15412024.. £1,8LI,3551, giving 2 net deficii of £5,70012024.. £128,774 deficit)
The Union also invested £8.41012024.- f90,4261 in nÈw Èouipment Itan8ible tixed as5et51 durin8 the year.
STRUCTURE. GOVERNA14CE AND MANAGEMENT
GovernlnE docvment
The ¢k￿rIty Is centrolled by Its governini document. a deed of tfust, and constitutes a limited cornpany. limited by guarantee. as
defined bythe Companies Act 2006.
From L Au8USt 2018 the charitable company. Ban8or UnNersity Students, Union (Co. Number.. 112950631, is eoverned by ￿$
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
Ex*cutive. 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.
In￿rtIOn 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 train￿ne 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 a￿d bripfin85 and en8a8es
In knowledgÈ Èxchange ènd iralning proEf3nu within th15 national movement.
Related partie5
The SludeDls' Un￿n 15 tied to Bangor Un￿ersItY 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 fjuidÈ￿e
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 Inter￿al financial procedures, rÈgulÈr budget and expenditure review. 5UPPOrt from èppointed
profe5s10nal accoJnt8nts, and a rol￿5[ 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 Char￿Y 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 Serv￿es
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 Ki￿d0M Genèrally Accepted Accounting Practice (United
Kin8dom Atcovnting Slandaid5 and applicable lawl.
Under cornpiny law ihe tru5ree5 musl not approve the fina￿181 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 FIn￿kIn 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 Collect￿elY, 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 sect￿n5 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 opIn￿n on the financial siatements does not cov@r the other Information and. except to the eKienl Otherwise ex￿￿111¥ 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 inforMat￿n 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 W￿re the Charitie5 (Accounts and Reports) Regulat￿nS 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
Om￿nY 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 ￿$s￿e a Report ol the Independent AudilOYS thai include5 our opinion.
Reè50nable a55urance is è high ￿VÈ1 DI è55urance, but is not a guarantee ihat èn audit conducted In 3ccofdance with ISA5 IUKI will
Iwèy5 detect a material misst3tement when It eX￿t$. 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 consideral￿n 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.10mpl￿nEe. 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 opin￿n5 we have forrned.
jonathan Ward (Senioi Stètulory AuditDrl
ets Audit Servlces
StatutoryAuditors
Charte￿d 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 RepreSentat￿n 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 M0￿Ment 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 A￿ET5
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 2￿6 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 li￿n£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 operatingart￿*leS
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:
Depreciat￿Tr charges
Interest recelved
Ilncreaselldecrea5e In debtor5
Dec￿1$e in cred￿Or5
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 lina￿1•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 C￿rItable 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 I￿land, and the Companips Act 2W6. The finan<ial siatement5
have been prepared undei th& historical cost convention,
8angor UnivÈr51ty Student5, Union was irading as an unincoriK>iatÈd charity until 31 July 2018. this entity was Incorporated
on l Au8usl 2018, the nei assets ènd liabllitie5 of the unlncorpoiaied entity were inirodvced in full to the in¢oiporated
charKy.
Golng Co￿er￿
Trustees con51der that the Charltable Company will have svfticient fund5 tD meet Its li3bilitles 85 they fèll due foT at
least twelve months from the date vf approval of the finarKlal statements.
BanEOI Univer511y h85 Inllicèted to the Trustees that it Intend5 to continue to provide lun(Jin8 to the Student5, Union as
required and to make available for use its èsset5.
Consequently, the financial statement5 hève been prepared on a EOinE concern basls wh￿h the Trustees Consider to be
aPPfopri8te.
Crltl¢al ac¢ountlr% estlmatesandludgemÈfits
In the applicatlon DI the iornpany'5 3ccoJntlng policies, manègemeni are rèquirÈd to tnake IuLl8ements. e5timate5 and
a55umption5 bbout the c3rryinE amount ol asset5 and liabilities that are npt readi￿ oppareni frorn other sources. The
estimaies 3nd associated assumptions are ba5e(f on historical experience ond orher lartor5 that are considered 10 be
Jelevanl. Actual Fe5uIt5 ffldy differ frorn these estimatÈ5.
The estimates and underlying assumpiion5 ore reviewed on èn ongoing basis. Revi5i0n5 to accounting e5tirnate5 are
recognised in the perKid in which thÈ e51irn3re Is revised wheie the ievision affecis only thar period, or In thÈ period ol thÈ
rev￿10￿ and future perrods where the revision affect5 both current ond future period5.
Man38em@nt havÈ deeffied there to be no key arcovnting estimates or jud8Èrllents present w￿h1n the fininiial
statements.
ncome
All income Is ieco8nised in the StaiEment of Financial Activltles once the charity has entitlement to the funds. it is probable
thatthe Income will be received and the amount can be measurod reliably.
Expendlttsre
Liabilities are recogn15ed a5 expendirure as 500n as thÈrÈ Is a legèl or CDnstrurtive oblpgation committing the charlty to that
expenditure, li is probable that a translÈr of ecpnomic benefits will be required In settiÈmÈtht and the amount ol the
obllgation can be measufed reliably. Expenditure Is accounted for on an accruals bèsis and has been tla55rfiEd under
headings that aEEregate all cost related to the iategory. Where costs cannot be direttly èttributed to particular hÈading5
they hawe been allocaied to attlvitips on a b35is consistent wKh ihe use of resources.
locat5on and apportlonment of cost5
The Charity's costs hève bÈÈn allocated between direct Costs and support cost5 a5 shown in note 6.
Tan8Sble flmed as5trt5
Depreciaiion Is provided at the lollowlngannual rates in order io write off each ?$5et over its estimèted useful life.
Equipment
Fixiures and frtlinES
Motor ¥èhic1É5
Compuier equipment
20% on cost
20% tin 105t
25% on cost
25% on t05t
A de rninirnis thre5holO eyist5 for the capitalisation ol ossets. thls is £550.
Taxalion
The charity 15 exempr from corporatbn tax on its th￿r￿￿tsIe •clivitie5.
Page 15
coniinued...

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 reStr￿ted 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 Societ￿5
The Club5 and Socierie5 of Bangor Uniwer5ity Studenis. Un￿n 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 C￿4[1¥ Sit with thÈ relevant stvdÈnts' sor￿tY. 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
cOnt￿nUe0..

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 rharginpj1t￿dI¢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 salar￿e5. 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 e￿￿alent 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 StU￿ents. 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 I0￿r raie DI deprec￿110ft 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 Tert￿ary 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 un￿er$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