Charit), registration nuTnber.' 1184182 Leeds Trinity Students, Union Annual Report and Financial Ststements for the Year Ended 31 July 2025
Leeds Trinit). Students. Union Contents TTUStees' Report I to5 Annual report 6t08 Independeni Examinevs Report Statemeni of Financial Activities Balance Sheei Cash Flow Statement 12 Notes io the Financial Statements 13ro22
Leeds Trinit). Students. Union Trustees, Report The trustees preseni their annual rerx)n together lIh the financial sthiements of the charity for the year ended 31 Jul}. ?025. This includes ihe adminisiraiive inforniaiion as sei oui below. Reference and Administrative Detai15 Charity Registration Number.. 1184182 Principal OtTice'. Brow'nberrie Lane Horsfonh Leeds LS18 5HD Ind¢p¢nd¢nt Examin¢r'. Watson Buckle Limited Chartered A¢¢ounlants York I lous¢ Coitingl¢y Business Park Bradford BD16 IPE Bankers.. HSBC Bank PIC I Ccnicnary Square Bimiins>ham BI IHQ Tru$lees 4nd officers The trustees and officers serving during the year and since the year end were as follows.. TNsiees'. P Murtough lappoinied 22 Au¥usi 2024) A Und¢r)' {app(Trint¢d l July ?025> B Owe[O'malIeY (ap}inted l July 2025) E Timpson (appointed 6 February 2026) A Pandor {appoinied 6 Febwary 20261 M Goodhand (resigned 18 June 2025) A Mahmood (resigned 18 June 2025) R Mccallion Ircsigncd 17 April 20?51 J Care55 (appointed 22 August 2024 and resigned 30 January 2026} J Randall lappoinied 7 Augusi 2024 and resigned 18 Augusi 2025) C C(Trtton {appoinied 7 Augu51 ?024 and resigned 30 June 2025) A Clewlow (appointed 22 AU51 2024 and resigned 20 February 2025) Chief F.xecutive oificer.. R Walker Page I
Leeds Trinit). Students. Union Trustees, Report (continued) Objectives and activities Our charliable obJecliveJ Leeds Trinit). Siudenis. Union {LTSU) chariiable objeciives are as follous.. To promote the inieresi and welfare of siudenis ai Leeds Triniiy University by representin& supponing and advising studenis: • To be ihe recognised representative beiween students and Leeds Triniw University and other external bodies; and To provide social, cultural. sLx)ning and recreational activiiies and fornms for discussion and debaie to allow for personal development of studenis. LTSU provides w¢tiviti¢s and s¢rvico for use by members and io support work delivered by LÉ¢d5 Trinity Univ¢rsity on behalf of stiid¢nts. Th¢s¢ in¢lud¢'. Chainpioningy siud¢nl a¢ad¢mic ini¢re5ts through effective representaiion and campaigning led by the Elecied oificers, Studeiit Council and Course R¢ps. Advic¢ and welfare provision providing support on a range of issues. S(ILial Opportunities provision through the Siud¢nt Bar. Sports Clubs and Soci¢lies and on¢-off a¢tiviti¢s su¢h as W¢lcorn¢ W¢¢k, Awards Give it a Go activity. Puljlle heneJ71 Thc Irusiecs confirn) that (hey have complied wilh ihe requirements of section 4 of the Chariries Aci 2011 to have due rcsard to the public benefii guidance published by the Charii!. Commission for Enbilaiid and Wales. Struclurel governance and rn8n4g¢menl Nolure fifxovernlnx ducumeni Leeds Trinit). SU is a constituted Students. Union defined under the Educaiion Act 1994. Its President and Vice Presideni are elected on an annual csrle by a cross campus ballot. The President is also Cliair of the Trustee Board. Both w)s( holders receive training from experienced Union siaff and Ihe Naiional Union of Siudei)ts about Iheir roles. Thev are supponed b}. a siaff ieam io suppon (hem in achieving iheir goals and the overarchiiig Union straiegy. The Trustee Board comprises of two Ol¢er Irusiees (Presideni and Vice Presidenil. three studeni tnjstees and up io four extemal trusiees. The Presideni and Vice Presideni are lull-iime paid posis and remunera¢ed as authorised by the 1994 Education Aci. Other Trusiee roles are volunieers. The Board of Trusiees has delegated ihe day-10-day Nnning of Ihe Union to the Chief Executive OtTicer. Richard Walker ihrough a SmenT of Delegaied Authoritj, {SODA). The Trusiees of ihe Charity receive regular reports the from Chief Execuiive and review." the Union's performance. Democratic decisions are decided through elections, referenda and an annuall) elected Student Council as set out in our CL)nstiiution and Byelaws. Recniilmenl anduppDinlmenlofirii.slee5 The goveTning docun)ents lay out three different recruittnent route5 for trustees. dependet]t on the stskeholder group they are draw'n frotn. The two "officer trustees are granted their position as a direct connection to their electioii a5 Principle Stiident Officer5 of the Union. The Student Trusttts are advertised for through our various inedia route5, ll)ust be a current registered student at LTU, Lnieryiewed an Apw)intmen15 panel (defined within our constitution) ai)d appointed to a one year term (w'ith the opwrtunil>' for a further >ear. Should they remain 5tuden151. 5Ln)ildrly the Lay tTU5tee5 are appointed via a constitutionally defined Appointments panel. following appropriatel>" sourted advertising Channels. Page 2
Leeds Trinit). Students. Union Trustees, Report (continued) Inducllon and Irdining of irHslees OtTicer Trustees receive a comprehensive induciion programme ro the organisation including ihe undersranding of the governance siruciures. purpose and pllKesses of rhe Trusiee Boar<L and key legislaiive requireinents. In addiiion external expert iraining is sourced on an annual basis. Srudeni Trusiees are indUCd in a similar fashion- rimely to their recruitment, and where possible this is designed to engage anv new. La). Irusiees. The organisation seeks to review its induction of irustees regularly to ensure any new or enhanced opportwiiiies are taken up. Arrun¥ements'fur 5enlng A"ey manugenienlpersonnel remuneratio The CEO 15 the only meber of key managetnent personnel. Their remunerdtion is reviewed by the trustee board on an annual basis. Ac'hlevemenn andperliirmunce -rhe -frusiee Board (with its addiiional sub commilleesl have responsibiliry. for decision making. and focus on srraiegic and financial governance. Operdtional decision mak'ing is delcga¢ed via ihe CEO ajid a Scheme of Dcsigyiiated Auihority, with appropriatc Board oversighi. In addiiion, Ihc Union has a siudeni governance struciure. including a Council which drives and deicrmines polic),, and a Siudeni Aciiviiies Commiiiee h1¢h dctern)ines eleiiiei)Is of Club and Socieiy funding. Ri.Ik IlluniiKeniuul Th¢ Board of Trusi¢¢s have examined ihe major Sirat¢gi¢ business and op¢rattonal rÈsks fa¢¢d by the Union H,hi¢h ihey monitor at each Tru51¢e Board Meeting Ihroubyh th¢ risk regi51¢r. 'here appropriate. LTSU has estsblislied syst¢tn5 or proc¢diir¢s to mili&rate ¢he risks ihe charilv fa¢e5. Budg¥¢lOrv. fraud and iiit¢rnal control risk5 ar¢ mininiised by ihe impl¢m¢n¢811gn of pro¢¢dure5 fgr th¢ authorisation of all irdnsJ¢iions and prgjects. predr¢S are in pla¢¢ ¢0 ensure gmpliatice w'ith health & safely of starr, volunteer5. and participanls in all the aclivilies grganised b), LTSU. These procedures are reviewed periodically to ensur¢ ihey are effective and continue to meei the needs ofihe eharity. Page 3
Leeds Trinit). Students. Union Trustees, Report (continued) R¢lationsbips wilh r¢iat¢d parties Leed5 Trinity Univer51ty l.eeds Trinits Universitv's Code of Prnctice in relaiion to LTSU and the Union's Articles of Associaiion approved by both organisaiions regulate the relaiionship beNeen LTSU and Leeds Trinity University. LTSU receives a subvention from Leeds Triniry University and part-occupies a building owned by the University. The University also paj's for uiilities, carethkin& cleaning sthff as well as providing supwin for IT networks and healih & safety advice. -I'he continucd_%upport from the University is invaluable and Ingra1 to us achieving our charitable objeciives. Affiliatinn to other bodies LTSU affiliat¢s lo sei'eral organisalions to benefit from trainin& PrOfS1onal developinent opp(Trnuniti¢s aiid informatloll as follows.. Advi¢¢ UK. which is a na¢ional. ind¢p¢nd¢nt advi¢¢ organisation. W¢ are rrfogni%¢d as a m¢tnber of an appropria1¢ nd established llalional body through Advi¢¢UK. BUCS is th¢ Bri¢i5h Univ¢rsili¢s & Colleg¢s Sports which is the national governing body for higher edu¢a¢LOll SPQrt in th¢ UK. NUS is the National Union of Students and our affiliation to ihem means ihai we can work colleciivel>' wilh S(udei)Is' Unions across the UK. NUS also provide us with muth of ihe expertise. support. and knowledbTe so that we can make chan&ye for Leeds Triniiy Universily studenis. LTSU is an active participanl in. NUS UK and NUS Chariiy and iheir r¢lai¢d ¢otnpani¢$ 10 ¢nsur¢ (hai lh¢ organisaiion ¢onlinues io function ¢ff¢¢iiv¢ly b¢h#lf of ni¢mb¢rs. Financial rcport -I'he linancial p0511ion of the Charity has seen its funds increase from £261.081 10 £274.543 as a result of additional ftsndinbT and cost savings being made where possible. In the year. no subvention w&s received to relieve losses from the Bar attLVlties. therefore there is a negative restricted fund of £86,664 relating to thi5 which is expected to reduce nexi year. The amount of reserves held are currentl)" above the reserves policy however upcoming pmje¢ts are expected to reduce PrlnclpiilfunillnR suiiites PTin¢ipal fvnding sources LTSU received a BILKk Grant of £436.261 in 2024Q5. The President l5 responsible and accountable to the governors of Leed5 Trinity" Univet5ity, for enSUTlI)¥ that the fui)d5 received from the governors by LTSU are eipended following the use5 Stipulated in the Finaiicial Memoranduin, effective frotn l Au¥115t 1995. and to compl)" w'ith the conditions attached to thetn. The President is also re5poiisible for the rebTiilarity and propriety of those funds. Day4{aY financial managernent Is delegated by the Tru5tee5 to the Chief Executive of LTSU. The Financial Memorandum provides Ihat LTSU shall ensure ihai it has a sound system of intemal financial management control, keeps proper accouniing records such lh ii remains close control of its expendiiure. and can demonstraie that it has been disbursed exclusively for the purposes Innded by the governors. Page 4
Leeds Trinit). Students. Union Trustees, Report (continued) Funds held as custodian trustee on behalf of others LTSU acts as a custodian for funds raised b> Clubs and Socieiies. Ai the )'ear*nd £31.341 (2024 - £28.500) were held by (he Union on Clubs & Societies behalf. The annual report was approved by the trustee5 of the charity on 3 July 2026 and signed on its bel)alf by.. E4ADAD2eSE491 A Pandor Trusiee Page 5
Leeds Trinit). Students. Union Annual Report Re ort of Actii'ities Leeds Trinitv Siudents. Union exisis to promote the interests and Melfare of studenrs at Leed.s Trinity Universiti,. It does this by represeniin& supporning and advising swdenis,. aciing as ihe recognised representative body bel'een siudenis. the Universiry and exiernal organisations. and providing wcial. culturnl. sporting and recreational activities which suppon siudenis. peN)nal developmeni. Thc Union's impact is undcrsio(xl through four connecied areas: Rcprcscntolion, Bclonging, Dcvclopijig and Supporting. These areas arc inierlinked and often overlap in prdciice. Togcihcr, Ihej. deJnoJistrdlC how LTSU ei)ablcs stiidcnis to influcnce decisioThs, build communiry.. develop confidence and access support during their riine ai Leeds Trinity.. resentaiion LTSU ¢ontinu¢d to provid¢ democratic stru¢tiire5 through which 5tud¢nts could shape th¢ir experi¢nc¢ and influence dccisioiis aff¢¢tin& ihem. The 2025 Leadership Eleclions saw a Significant increase in engagement. A towl of 546 individual 5rudents voted, representing an 880/0 illLrease compared wilh ihe pr¢vious ycar. There H¢r¢ 17 final candiddl¢s. and boih full-lim¢ Sabbati¢al offfi¢¢r rol¢s were cont¢s¢¢d. Ov¢rJll. 12 ofih¢ 16 av74ilable roles were filled tlirough lh¢ election pro¢¢ss. By-¢le¢tlQll5 w¢r¢ a150 h¢ld during the J'¢ar. ¢l¢¢ting a furth¢r four part-tir]i¢ otTic¢rs aiid s¢r¢ngyihciiing th¢ m¢nib¢rship of Stud¢nt Cgiincil. S¢ud¢nt Coun¢il provided a formal rouie for ¢l¢ct¢d otTic¢rs lo rais¢ issu¢s. shar¢ updal¢s. s¢nJlinise Sabbatical orric¢r work. di5CU5s policies and ¢5¢alat¢ sludenl c(Trii¢¢rns. TrainingT was provided to support Couii¢il members io understand their roles. meeiing siru¢iures. a¢¢ountabilil)' responsibilities and how to repr¢sen( studei)is etTLetively. Academic representation remained a ke). area of ljnion activit).. Across the >ear. 108 studenis signed up as course represcntalives. providinby routes for stud¢nl feedback across a¢adeinic ar¢&%. LTSU also 51JPPQrted 51ud¢niS its raise academic concerns ihmugh faculty representation. Siudeni Council and fomial University commitiee structures. The President played an active role in siudeni voice and academic experience H'ork. includin8 tO•chairing Learnii)g. TeachinbT and Student Experience activity Wlth the Universitj.. SUPPOrting Course Represen(ative5 to sl)are feedback., delivering academic induction sessions with CELT. and representing students through University committees. Spcak Week aclivilj. gathered more than 80 re5ponse5 from students on are&5 including asse55ment. belonging. community and students. use of dibPLtal learnin8 platfomis. Diirinb the year. LTSU a150 idcniifled that the academic repre5en(ation system required further developineilt to make it clearer. more con515leni and mort effeclivc for l)0th students and staff. Work lias undtrtakei) to ui)der5tai)d the challenbJe5 Within the 5y51em and Set a direction for improvement. m.ith a focus on rcbuildiilg confidertce. clarifyins expectations and 5trengthenin8 the foundations of representation for future years. Belon in LTSU toniinued to support students io feel part of the Leeds Trinity community through events, student group& campaigns and inclusive Social spaces. WelLome activity was a significant part of this work". More than 71M) students attended Freshers Fair. and LTSU delivered a lder Welcome Week progrdmme of 25 evenis. This included the introduciion of a e1]being fair, helpiiig studenis to conneci not onlv w'iih clubs. socieiies and services. bui also with support and communiiy-building opponunities ai ihe siart ofthe year. A key development during the ear was the move from a licensed bar model (o Trini-Tea Ceniral. an alcohol-free cafe space. This change responded direcili, io swdent feedback ihai swdents wanted an alcohol-free swial space on campus. The space supported a wider shift toM?rds inclusive. accessible and w'ellbeing-focused activity. Events during the year included face yog4 therapy dogs. guide dogs.. reindeer visits, pumpkin picking. craft sessions and festive wreath mak'ing. These aciiviiies reflecied a delilxrate move towards events that supported connection. wellbeing and Communi., alongside more iradiiional studeni social acrivitv. Page 6
Leeds Trinit). Students. Union Annual Report Studeni groups als(Tr remained ceniral to belongin& LTSU supported 10 active sports clubs and 18 aciive societies, providing siudenis '1[h opw)nunities io fom) friendships. pursue inierests and build communities outside iheir academic programmes. The Union also held funds on behalf of clubs and socieiies. with £28,500 held at year end to support student group activity. Varsity 2025 was held ai Horsfonh Campus on 19 February and included a wider rdnge of activiry, including Gaming and Esports and Women's Bodminion, alongside a Varsiw Village_ LTSU AM'ards also celcbraied stud¢i)i achievement across clubs, societies and wider siudenr a¢riviry', with 3 18 nominoiiojis subniitted and 152 tickcis purchased. The STAR Awards provided anothcr important niotneni of cornmunitv recognition. Thc awards reccivcd noininations frotn 154 individual sllldents, with over ?00 nominations submined in iotal. The ¢vent recognised the contributioii of acadeniics, profcs5ional s¢rvices siaff and styd¢nt Staff across the L¢¢ds Trinity community. achi¢ving a Net Pronioter Scor¢ of +88. LTSU created opportunities for studenis to develop skill& confidence. leadership and emplo}'ability ihrough studellt ¢niploym¢nl. ¢l¢¢t¢d rol¢s. commit1¢¢ positions ond irydining. During the year, LTSU employed 20 studeni siatTa¢ross markelin¥ food ond verage roles. providing around 90 hours p¢r w¢¢k gf student ¢mploym¢nt. Thi5 SUPPOrt¢d slud¢iits to ¢arn nion¢y alongside their studies while developiii WOTkplaL¢ ski115. ¢U51omer service exp¢ri¢nc¢, communicalion ski115 and confidence. Student leaders were also supported throubjh officer handover. coniniitiee traininb. Siudeni Council Lraiiiin&T ai)d club and sociei}' development. Sabbatical Officer handover included iraiiiing on irusiee responsibililies. role expeciations and the rc%ponsibilities of leadill& the Union. Studeni Couiicil traininb¥ supported elecied oificers to und¢rsLand how 10 r¢present stiidents. contribut¢ to m¢¢linbs. report on their Work and hold Sabbati¢al Offi¢¢rs io a¢¢oyn¢. Committee (raininbj was delivered 10 45 tommiiiee member5 from 21 clubs and societies. l-rainin8 covered praclical areas incliiding events, connici management. finance. BUCS and travel. commitiee pr(Kesses and 5tudeni bTroup re5pon5ibilities. This helped student5 10 run their groups more effectively and Safely. while developii)g iransferable skills in planning, communication, teamwork and leadership. LTSU also supported 5tudent-led activity through club and 50ciety' commitlees. Student Activities Coiiiniittee. ¢amp£libJn work. Student Council and aw2r(ts processes. These opFx)rtunities enabled students to take owi)er5hip of projects, represent their peers. or¥ani5e activity and contribute to the *ider Student eiperience. ortin LTSU continued to 5UPPOrt Students throu8h advice. si8npostin& welfare activity, H'ellbeing-focused evei)ts ai)d student-led issue escalation. The Advice Service operated durin¥ Ihe year. although case numbers were I0er than usual during a period of reduced dedicated staffing capacit!,. The service avera¥ed around 10 (0 15 eases per ierni. LTSU coniinued 10 support siudents Hith adviLe and si¥nposling. w.hile also reVIeIng hoth" online infomiaiion could be impn)ved $0 sludei)1s had cledrer ¥uidan¢e on processes such as appeals and disciplinary pr(edures. Studeni suppon also took place through campaigns and H'ellbeing aciivity. LTSU delivered and supported activity around bre&st cancer awareness, random acts of kindness during assessmeni season. wellbeing alks. men's menial health, money awareness. heal¢hy eaiing. reading and siress. moving am'ay. homesickness and loneliness. Studeni Council also provided a rouce for siudents io raise praciical issues atreciing their da}'_ts)-dai experience. During the vear, olTi¢ers raised concerns around inclusive provision M'ithin Trini-Tea Ceniral, including halal, vegan and vegetarian safeguards. This enabled sthdent concerns to be discussed and progressed through the Union's democratic structures. LTSU'S support activiry 'aS nL)i limiied io fornial advice. Through ii'ellbeing-fLKused events. inclusive spaces, student communities. L)Ifi¢er campaigns and representhcion rou% the Union helped students access suppon. feel listened to and connect with others. Page 7
Leeds Trinit). Students. Union Annual Report Awards Reco niiion and Com liance LTSU achieved and mainthined a number of standards and recognitions during the S'ear. The Union a$ awarded Green Impaci Excelleni for its sus1ainabili. 0-, recognising aciiviti, io improve environmenral au'areness and sustainability praciice. Trini-Tea Ceniral achieved a 5-siar Environmental Healih rating and Gold in ihe Besi Bar None assessmenL recognising li as a safe and compliani venue. The Ujiioii olso continued io strengthen lis governance ond operJiional fowidaiions during the s'ear. This included rccruitment to kev rolcs, suppon for 1¢¢ recwimieni, delivcry of eleciions a]id b}'_electioiis, Siudci)t Council activity, and coniinued work io ensure SllLdenLS were represenied through forn]al University sclUreS. The financial 51a¢em¢nts for th¢ year ¢nd¢d 31 July 2025 show lotal incom¢ of £525,822 aiid iotsl ¢xp¢nditur¢ of £512.360, r¢suliing in a positiv¢ n¢t mov¢m¢ni in fvnds of £13.46? Toro1 fvnds Caled forw8rd ai }'¢ar ¢nd M'ere £274,543. Th¢ Union continued to r¢c¢iv¢ si¥nifi¢ant suppon from L¢¢ds Trinity Ui)iv¢rsitv. in¢ludin¥ Gov¢rnors' subvention of £436.261, alon&rsid¢ incom¢ g¢n¢rai¢d through charitable aaiviti¢s. spoiisorship, am'ards activity and the Studcni Barlcafé. Overall. ?0?4125 was a year of r¢buildin¥. d¢liv¢ry and trJnsilion for LTSU. The Union d¢liv¢r¢d itL¢r¢ased detno¢r#li¢ en¥ragyem¢nt, ¢xpanded student r¢¢o¥nition activity. supported slud¢nt-l¢d ¢ommunilies. Created employni¢nl aiid l¢adership opportuni11¢5, and ¢ontinued io provid¢ suppon io siud¢nls through both formal aiid infornial rolltes. Tli¢ year Jlso id¢nlifi¢d ar¢a5 for furth¢r dcv¢lopm¢nl. parti¢ularly around academic repre%nthtion aiid advice provision, which will inform th¢ Union's priorities for future )'ears. Page 8
Leeds Trinit). Students. Union Independent Exydminer's Report to the trustees of Leeds Trinity Students, Union I repon to the Inlee$ on my examination of ihe accounts of Leeds Trinity Swdents. Union for ihe year ended 31 July ?025. Re5ponsibiliti¢s basis of report As the charity ijusiees of l.ee(ts TriniTh Siudents. Union you are responsible for the preparation of the accounts in accordance M'ith the requirenienis of ihe Chariiies Aci ?01 I l-the Aci.). I repon in respect of my examinaiion of ihe l.eeds Triniry Students. Union's accounts carried out under section 145 of Ihe ?0 I l Aci and in carrying oui m}. examinaiion I have followed all ihe applicable Direciions given by ihe Lharitj. Commission under section 145(5Nb) ofthe Aci. Independent examiner's statement SinLe Leeds Trinil}' Siiidents, Union's gr05s income exceeded £?50.000 )'our examiner mu51 be a rneinber of a body lisied in section 145 of the 201 l Act. I confimi thai l am qualifled io undertake the examinaiion because l an) a member of the ICAEW, which is one of the lisied dieS. I have completed my examinaiion. I confim) thai no material mailers have come to my atntIOn in conneeiion wilh the examination giving me cause 10 believe ihai in any material respect.. accounting records were noi kew in respect of Leeds Trinity Siudents, Union as required by section 130 of the Act; or 2. the accounts do not accord wi¢h ih05e records- or 3. the accounts do noi comply with the accouniinb) requirements conceming ihe fonn and Conienl of accoui)Is sei out in the Charities (Accounts and Reports) Regulations ?008 other ihan any requirelent (hat ihe accounis &7ive 'Irue and fair view, which is not a mailer considered as part of an independeni examination. I have no concern5 and have come across no other matters in connection wilh the examination to which at¢enlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mark Wilcock FCA Independent Examiner Watson Buckle Liffllted Bradford 3 July 2026 Page 9
Leeds Trinit). Students. Union Stydtement of Financial Actii'ities for thc Year Endcd 31 Juty 2025 (Including Income and ETpenditure Account) Unrestricted funds Restricted funds Total 2025 Total 2024 General Note Incom¢ from Donations and legacies Investments Charitabl¢ actlVLIi¢5 470.445 4.444 16.973 470,445 4.444 50.933 524,106 2.688 55.572 33.960 Total income 491.862 33.960 525.8?2 582,366 Expenditure Charitable activiiie5 Other (74.9??) (316.335) 153.4991 167.6041 (1?8.4?1) 1383.939) {101,094} {39? 355) Total expenditurt {391 ?57) 1121.103} 1512.360} 1493.449) Ncl nioi'cnicnt in fiinds 100.605 87,143) 13,462 88,4117 R¢concilialion of funds -I'otal lunds broughi forward 260.602 479 ?61,081 172.164 Total funds carried fOard 361.207 86.664) 274.543 261.081 The funds breakdown for ?024 is shown in note 14. The noies on pages 13 to 22 forni an iniegral part of these financial slatements. Page 10
Leeds Trinit). Students. Union {Registration number: 1184182) Balance Sheet as at 31 Jul), 2025 2025 2024 r4ote Fixed assets Tangible assets 17.029 19.321 Current a55ets Stocks 6.908 25.58? 275.207 7.536 9.091 279.312 Debtors Cash ai bank and in hand 12 307.697 295.939 Creditor8: Amounts falling due within one vear 150,183) 154,1791 Net eurrent aisets ?57.514 ?41.760 Net assets ?74.543 Funds of the charity: Restricted incomt funds Resiricied funds {86,664) 479 Unrestricted ineome funds Unrestricted funds 361.207 260.602 Total funds 14 ?74.543 ?61.081 The financial siatements on pages 10 to 22 were approved by the twstees. ond authorised for issue on 3 July 2026 and signed on their behalf by.. Sn•d ty.. 01È4AOA02fj5E491 A Pandor 'I'TUSte The noies on pages 13 to 22 forni an iniegral part of these financial slatements. Page 11
Leeds Trinit). Students. Union Cash Flow Statement for the Year Ended 31 Juty 2025 2024 r4ote Reeoncilixtion of net ineornel(expeDdilure) io net Cash now frorn operniing activities Net cash income Depreciation Investment itlcome 13,462 88,917 3.315 12,688) 14,444) 89,-544 Working capital adjustment5 D¢cr¢as¢ in sto¢k5 {Incr¢ase)Idecrease in debtors IDccreasel. iiicrcase in crcditors 628 (16,491) {3,9961 2,175 2,075 7.705 13 Ncl cash flOS from operdting aciivities 18,5491 101,499 Cash flows from investing activities Iiiteresi rcceivable and similar incoine Purehase of iangible fixed assets Net cash flows from investing aciiviiies 2.688 1748} 4.444 1.940 ChAnge in ¢a$h and ¢#sh equivalents in the reporting period (De¢r¢ase)/in¢rease in ¢ash {4,105) 103.439 Nei funds ai l August 20?4 Nei funds 8131 July ?025 ?79.312 175.873 275.207 279.312 All of the cash flows are derived from continuing operaiions during the at#ive iwo periods. The noies on pages 13 to 22 forni an iniegral part of these financial slatements. Page l?
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 Jul) 2025 l General information The entity is a Charitable Incorporated Organisalion governed by their constitution. Their registered addres5 is.. Brow'iiberrie Lane Hor5forth Leeds LS18 5HD 2 Accounting policies Statement of compliance The lintinLial sthiements hav¢ b¢¢n pr¢par¢d in ac¢ordanc¢ wilh A¢counling and R¢porting by Chariti¢s.' Sittl¢ni¢nl of Recommended PraLli¢¢ applicable io ¢hariti¢s pr¢paring thcir accounts in a¢cordaii¢¢ with Fii)aii¢iol R¢portiii Stkin(lard l O? 'Th¢ Financial R¢porting Standard applicabl¢ in th¢ UK and R¢publi¢ of Ir¢land leff¢¢¢iv¢ l January 2015) and the Chariti¢s Aci 2011. The ¢n¢ity rneets the definilion of a public benefit enlity under FRS 102. Balis of preparation -I'hc linancial 51atLmLnlS have been prepared under the hisiori¢al tosi ¢onvention in aecordante wilh applicable United Kinbjdom Aecountinb Standards. A summary. ofih¢ prin¢ipal a¢¢ounting poli¢ies. h1¢h have been applied consistently, ex¢ept where noi¢d, is set out below. The ¢harity's functional and presentalional ¢urren¢y is pound sterling. Fund structure Llnrcslriclcd income filnds are generdl funds that are available for use at the trustee5' discretion in furtherat)ce of the objectives of the charity. De5is7nated funds are unrestricted fiLnd5 set aside for specific purposes at the discretion ofthe trustees. Resiricted funds are those donated for use in a particular area of for specific purpose& the use of which is resiricted to that area or PUTPOSe. Further details of each fund are disclosed in note 14. Income and endowments Voluntary itlcome including donations. gift5. legacies and grdnts that provide core funding or are of a general nature is recognised M'hen the charity has entitlement to the income. it l5 probable that the incotne will be received and the amoiint can be tnea5ured with sufficient reliability- Dona¢ioMs thnd legucies Income from donations and legacies represents ihe subveniion receivable and ihe monethry, value of services and expenses paid on behalf of the union by Leeds Trinity UniversiN in respect of the academic year being reported on. The costs of ihese services and expenses are recognised wiihin resources expended. Donaled5ervice5 llndfucilitiÉf Donated services are recogni5ed at their open nwket value in the period in which they are receivable as income, where the benefit to the charity can be reliabl!. measured. An equivalent amount is included as expenditllre under the releva])t heading in the Statement of Fitwichal ActI.]iLeS. Page 13
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) Inveslmenl iNcome Income from invesrmenis comprises inieresi receivable on cash balances held in appropriaie inierest bearing deposits. Charilable fjclivili Inconie frum charitable activities represents income from the provision of student services recognised on 8 receivable basis. F.xpenditure All expenditure Is r¢cogni5ed on¢¢ there is o legal or constru¢tiv¢ obligation to that expeiiditure. it is probable 5eiilement Is required and the arnounl can be nie&sured reliabl)". All costs are allocaied to the applicable expenditur¢ heading thai aggregaie similar costs to thai caiegory. Where costs cannoi be direcil), aiiributed io particular headii)¥s they have been allocated on a basis consisieni M iih the use of resources. wilh central statTcosts allocated on ihe basis of iiine spent, and depreciaiion charges allocated on the portion of the assei's use. Other supwrt costs are allocaied based on the sprek)d ofstarrcosis. Clirtrllrthle acllvllle.f Chari(ablc cxpcndilurc comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. li includes th costs ihai can be allocaied direcily to such aciiviiies and ihose cosis of an indireci i)aiure necessary io support them. Taxatlon -I'he Lharily is considered (o pass the tests sd out in Paragrnph I Schedule 6 of the Finance Aci 2010 and therefore it nieets the definition of a charitable company for UK corpordiion purposes. Accordingly, (he charii). is poientially exenipi Irom ta¥alion in respe¥1 ol income or capiial gains received 1[hin caiegories covered by Chapier 3 Pan I l of Ihe Corporation Tax ALI ?010 or Seciion 256 of ihe Taxaiion of Chargeable Gains Act 1992, 10 the extent thai such income or &Fains are applied exclusively io charitable purFW)ses. Golng concern The trusiees consider thai Ihere are no material uncenainiies aboui the chariiy's abiliiy io coniinue as a going concern. Tangible fixed 855et5 Indii idual Ii¥ed absets costing £5(K) or more are initially recorded ai cost. Depreciatio Depreciation is prL)vided on tangible fixed assets so as to write off the cost or valuation, less any estimaied residual value. over their expecied useful economic life as lollows.. A55et cl855 OffiLe improvements Bar & disco equipment Fixtures, fitting5 and eqUiPTnent Depreci8tion rnethod and rate 10°.o Strai¥hi lin< basis I2/0 reducing balance basis 10.201b/o reducin8 balance basi5 Stock Stock is valued at the lower of cost and estimated 5ellino price less costs 10 coinplete and sell, after due regard for obsolete and slow Inoving sttKk5. C05t 15 detettnined using the fit5t-it4 firStUt (FIFO). Page 14
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) Kev sourc¢5 of estimation uncertalDty The charity makes estimates and assumpiions concerning the future. The resuliing accounting estimates will, by detinition. seldom equal ihe related actual results. The esiimates and UmpI10nS that have a significant risk of causing a marIal adjustmeni io the carrying amounts of the assets and liabiliiies within ihe next financial year are addressed below. Useful economic lives of tangible assets The annual depreciaiion charge for iangible assets and their carrying amouni is detemiined by the estimated useful economic lives and residual values of ihe assets. The useful economic lives and residual values are re-assessed annually and amended when necessary to reflect curreni esiimaies. based on iechnological advancemenr. fuiure investmenis. economic utilisaiion and ihe ph>'sical condition of ihe assets. The canying amouni is £17,0?91?0?4-£19.3?1). Fin#neial instruN]ents -I'he charity onlv has financial assets and financial liabiliiics of a kind ihai qualify as basic financial insiruineiiis. Basic rinancial insirumcnts are iniiiall>' rccognised at iransaciion value and subsequentl>' measured ai thcir selllemcnt valuc. Debtors Debiors are recognised ini(iallv when they become due ai ihe iransaciion price. They are subsequently measured ai an)ortised cost usinbl the effective inierest rate meihod. less provision for inipairmeni. A provi5ioI) for impairinent of debtors is established when there is objeciive evidence ihai ihe charity will noi be able io collect all amounts due according to the oribjinal terms of the debtors. Creditors Creditors are oblibTations lo pay for gyood5 and servi¢e5 that have been a¢quired bv ihe ¢hariry. Creditors are initially reco1n]$ed at (he transaction price and subsequenily measured al amortised cosi usin&> ihe effective iiileres¢ nieihod. C&5h and e#sh equivalents Cash and cash equivalents Comprise cash on hand and call deposits, and other short-temi highl}, liquid invesiments ¢ha¢ are readilj. convertible lo a known amouni of cash and are subjeci io an insignifican¢ risk of¢hai)ge in value. Pensions other post retiremenl obligations The charitj. operates a defined coniribuiion pension scheme. Coniribulions are charged in the staiemen¢ of financial activities as ihe} become pajable in accordance M'iih Ihe rules ofihe scheme. Page 15
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) 3 Donation5 and legacies UrtriCted funds General Total Total 2024 Governor5, subvention Governors, subvention Services donaied and expenses paid on behalf of the union by ihe university Accommodaiion provided for sabbaiicals otTice space Marketing. IT and cleaning Rates In5uranc¢ 436.261 436.261 489.922 10.564 19.520 1.025 1.875 10,564 19,520 1.025 .875 1.200 10,564 19,520 1.025 1.875 1.200 470.445 470.445 524.106 4 Income from investments Unre5tri¢t funds G¢n¢r41 Tol81 Total 2024 Interest receivable and similar income.. Inleresi receivable on bank deposits 4.444 4.444 2.688 Income from Charitable activities Unreslricied Total Total 21124 General Restricted NUS extra online sales Advenising and sponsorship Eniertainments Sport5 awards Varsity income Studcnt Baricafe Income SU Sh(Trp {Income) Supplier commissions 19 10,360 (6) 14.500 598 4,731 500 32,091 1,238 1.920 10,360 5.860 5.860 33,960 33,960 734 734 16.973 33.960 50,933 55,572 Page 16
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) 6 Expenditure on Charitable Activities Unrestricled funds Restrlcted funds Total Total 2024 General Other direct costs Sports clubs and s0¢iet1¢5 costs Examination of ihe financial statements 64,481 6.941 3.500 53,41J9 117.980 6.941 3.500 92.664 4.145 74.9?2 53.499 128.4?1 101.094 7 Grant-making An4ly5is of granty Granis to Insiitiilitsns 2025 2024 Cr&nt$ to Individu415 2024 Analy51$ Sports ¢lubs 10,789 2.361 Below are details of material grants made io insiitu(ions by ihe charity Name of institution Basketball Cheerleading Pool Netball Dance Mcn's Football Men's Rugby Grants of £300 or les5 Actii'ity Other direcl ¢OSts Oiher direcl costs Oiher direci costs (Xher direct costs Other direct costs Othcr dircct Costs Oiher direcl costs Other direct costs 387 1,852 480 6.806 525 739 10.789 Page 17
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) 8 Other resources expended Unrestricled funds Restrlcted funds Total Total 2024 General Wk)ges and salaries Social security Pension costs athcr staff cosis -I'Nsicc_s remuneration and expenses Markeiing and publiciry Depreciation Establishment costs Printin&. pvstagrc and slalionery Sundry and other costs Transaction fees 183,830 5.725 4.474 14,276 62,490 2.925 2,074 29.308 4.lil 6.820 282 64,384 1.18? 1.820 248?14 6,907 6.294 14,276 62,490 2.925 2,292 29.308 4.131 6.820 282 253,337 13,465 3,976 6,136 59,479 3.488 3,315 29.038 1.1?4 18,375 622 218 316.335 67.604 383.939 39? 355 9 Trysl¢¢s remyner#iion 4nd expenses During? the year the chariiy made ihe following iransaciions wilh trusiees.. A Mahmood A Mahinood re¢¢iv¢d remuneryaiion of £20.612 {?024.. £1,824) and £191 (2024= £34) of exp¢nses were reimbursed ¢0 A Mahmood during the year. During the year pension ¢ontribut10115 of £59612024= £52) were paid for the benefit of the trustee. M Goodhand M Go]hand received remuneration of £21.142 (2024.. £1.8241 and £40 (2024.. £35) of expenses were reimbursed to M G(iodhic nd diirinb the >'ear. Durin¥ the vear pension contributions of £59612024= £52) were paid for the benefit of the tNsiee. B Owen-o'mallcy B Owen-O'MalleN' received remuneration of £2,40012024- £Nil) during the year. A Undery A Undery Teceived remuncrdtion of £1.966 12024= £Nil) and £511 (2024= £Nil) of expenses were reimbursed to A Undery during the year. J cas% £103 {2024'. £Nil) of expenses were reimbursed io J Caress during ihe year. J Randall £461?024.. £Nil) of expenses were reimbursed to J Randall during the }'ear. The above tn15tee5 were paid in relation to their roles president and vice president of the Students union for their respective years. They w'ere all paid in accordance with the constitution. Key Management Personnel R Walker £428 {2024.. £Nil} of expenses were reimbursed to R Walker during the year. Page 18
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) 10 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff eogts durin% the year wert: Wages and salaries Social security costs Pen5101) costs Othcr s¢aff cosis 294.333 11.277 7.731 14,276 297,715 17,079 4.899 6,136 327.617 325,8?9 The monthly average number of persons (including senior management I leadersjiip leam) eniployed by lh¢ ¢harity duringy the vear expreSd full ¢ime equivalenls was follows.. 2024 No Charitable aciiviiies 22 No employee received emolumenis of more ihan £60.000 during the year The total employee benefits of ihe key managemenl personnel of the charity were £56,41112024- £87.2481. I l T4ngible fixed 85$ets Fixtures, rittings & equipment Office improi"ements Bar & di5eo equipment Total C(Tr.st At l August 2024 7.550 24.812 15,380 47,742 At 31 July 2025 7.550 ?4.812 15,380 47.742 Deprecigtion At l August 2024 Charge for ihe year 7.487 63 12.562 1.285 8.372 944 28.421 At 31 July 2025 7.550 13,847 9,316 30,713 Net book value At 31 Jul) 2025 10.965 6.064 17,029 At 31 Jul) 2024 63 12.250 7.008 19,i21 Page 19
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) 12 Debtors 2024 Trade debtors 3.974 4,432 17,176 6,717 1,634 740 Pr¢paJTnents and ac¢ru¢d income Other debtors 25,582 9,091 13 Creditors: amounts falling du¢ within on¢ v¢ar 2025 2024 TTad¢ ¢reditors Oth¢r taxation and social securily Other creditor5 Accruals and deferred income 1.587 ?.458 31,559 4,579 2,351 29.921 15,691 50,183 54.179 Included in the other crediiors above is £31.341 {?0?4 - £28.5(Ml> held on behalf of the students, clubs and societies where the ¢hari(> acts as Custodian for ihe funds. Duriiib the year the chariiy received funds or £24.782 120?4 £39,480) and paid funds of £21,94112024 £31.4871 on behalf of the students, clubs and societies. 14 Funds Bglanee ai August 2024 Ineomlng resource Restsurces expended BalAnee 8t 31 ,lulv 2024 Vnreslricled General 260.602 491.862 391.257 361.207 Restricted funds Subvention for Student Rarlcafe Yorkshire Sports Foundation 33,960 1121,103) 187.143) 479 479 Restricted 479 33.960 121.103 86.664 Total fund5 261.081 525.822 (51?360) 274.543 Page 20
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) Balance at I Augusl 2023 Incoming resources Resources expended Balance at 31 July 2024 Transfers Unrestricted General 170.365 457.789 401.677 34,125 260,602 Restricted funds Subvention for Studeni Bar/C(Ife Siibvention for Sports Yorkshire Sports Foundation 11)0,373 24.204 {89,?97} (11,076) 123.049) 1.799 (1,320) 479 Total restricted funds 1.799 124.577 {91,7721 134,1?5) 479 Total funds 1493.449) ?61.081 The specific purposes for which the fund5 to be applied are as follows.. Resiricted fund5'. Subvention for Student Barlcafe represents amounts received io pay for costs relating to the Studen¢ Barlcafe. Siibvcntion plus in¢gm¢ r¢¢¢iv¢d froni th¢ Student Barlcafe is ¢ombin¢d to cover ¢osts. Subvcniion for sports represented arn(Trunis re¢¢iv¢d io pav the sw)ris staff wag¢s. Yorkshire Sports Foundation represenls a received io be used for the delivery of Yog# aimed ai redu¢iii isolation on campus. 15 Analysis of net Assets between funds Unrestricted fund5 Gcncral funds Rcslricied fund5 Total funds Tangible fixed assets Ciirrent assets CLirrent liabilitle5 17.029 307,697 (50,183) 394.361 50.183 186,6641 Total tlet assets 361 ?07 186,664} ?74.543 16 Commitrnent5 Capital commitrnents The total amount contracted for but not provided in the financial statements was £8,073 {2024- £Nil}. The amount of lease paynents recogni5ed as an expense was £2.69] {2024- £Nil). Page21
Leeds Trinit). Students. Union Notes to the Financial Statements for the Year Ended 31 July 2025 (continued) 17 Pension and other scheffles Dtfintd eontributitsn pension scheme The charity operates a defined contribuiion Fen5ion scheme. The pension cosr charge for the year represents ontribution5 payable by the chariry to the h¢e and amounted 10 £7.7i1120?4- £4,899). 18 Related part). transactions During the v¢ar the Lharil}' tnade the following r¢lat¢d party trdnSa¢tIo'. Leeds Trinity University (SibinifiLant inlluence over the charity by virtue of relaiionship as sp)nsoring organisaiion) During the year subvention of £436.261 (20?4- £489.9221 was received from Leeds Trinity University. During the year Leeds Trinity Universiry donated services and paid expenseg to the value of £34.18412024 - £34.1841. During the year the charity invoiced £1.545 {2024 £7.327). including recharges. io Leeds Triniry University and purchases of £1.657(?0?4 £Nill 'ere made from Leeds Triniiy University. Ai 31 July 20?5 (he chari(> was owed £Nil (2O24- £4781 from Leeds-l'rinity University. Page 2?