Charity Reglstration No. 1189547
BATH SPA UNIVERSifY ￿UDE1{rs, UNION
ANNUAL REPORT AND FIP4ANCIAL sfATEMENTS
FOR THE YEAR ENDEO 31 IULY 2022
tc
accounls . lax legal financial planning
St Matthew's House
Quay5 Office Park
Conference Avenue
Porti5head
8ristol
B520 7LZ

BATH SPA UNIVERSITY STUDENTS, UNION
CONTENTS
Page
Company information
Trustees, Report
2-11
Statement of Trvstees, re5ponsibililies
12
Independent auditor's report
13-15
Statement of financial activities
16
8alan¢e she
17
Statement of cash flows
18
Notes to the financial statements
19.30

BATH SPA UNIVERSITY STUDENTS, UNION
LEGAL AND ADMINlSfRATIV£ INFORMATION
Trustees
M Evans
L Stone
M Rumboldi
Jsmail
T Rolfe
S Bentley
R Thomas
M Marsh
J Mapston
M Thomas
C Ellicott
N Karwal
A G Tedds
J E Sauriders
J Raymond-Barker
E Brackenbury
R Blake-Burke
L Bold
IAppoinied l July 20221
IAppoirbted I july 20221
(Appointed I july 20221
IAppolnted I july 20221
IAppointed I july 20221
IAppointed l July 20221
IAppointed l July 20221
(Appointed l July 20221
H Haines
Charity number
1189547
Prlr*clpal addre5$
Newton Park
Newton St Loe
Bath
Bath
BA2 98N
Audltor
TC Group
Si Matthew's House
Quays Office Park
Conference Avenue
Portishead
8ri5101
B520 7LZ

BATH SPA UNIVERsifY STUDENTS, UNION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JULY2022
The Trustees present their report wtth the financial slatements of the charity lor the year ended 31 July 2022.
The Trustees have adopted the provisions of Accountin8 and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFFLS 1021 lelfeLlive l January 20151.
Public Benefit Statement
The primary purpose of Bath Spa Univer5rty Studènts, Union is the thancement of education of students at
8ath Spa University for th? public benefit by..
promoting the interests arTrd welfare of srudents at Bath Spa University durin¥ their tourse of study and
representin8, SUPPtsrting and advSsing students..
bein8 the re¢o8nised represer)tatlve channel between student5 and 8ath Spa Universlty and any olher
external bodies..
providing social. cultural. sporting and recieational activitie5 and forums for discusslon and debate for
the personal development ol its students.
The Unlon's strategic plan 2021-22 and its resulting prioritie5 for the year 2021 22 supported the delivery of
thls core purpose. The development and delivery of the strategy Is overseen by the Unlon's Board ol Trus¢ees,
and In doinB SO. the Tiustees have paid due re6ard to the 8uidance in the Charltles Act to ensure its activities
meei Its obligations with regard to public beThefTrt.
Our Stratègy 1021.22
Our existing strategy was approved In March 2021. This had been developed using research undertaken in
2019-20 before the Covid pandemic hrt. and was arneDded to provide a steer lor the or8anisation through the
pandemic whi15t we assessed the lon8er term impact and began to develop our strategic plan for 2023
onwards.
The Sirategy has four lour core themes..
Your Communttv
Your Wellbein8
Your Course
Your Futu
We also identified four supportin8 organisational principles of equalitv. Sustainability, financial stability arbd
communication.

BATH SPA UNIVERsifY STUDEKtS' UNION
TRUSTEES, REPORT ICONTINUEDI
FOR rH£ YEAR EPIDED 31 JULY2022
Emerging from the Covld pandemic
As restrictions lifted in the UK and across campuses, we remained vigilant to the threat of infettion rales and
retained a number of control measures al the beginning of the academic year. Thi5 included lowering CaPaCIty
in our key Social space5, requiring negatNe lateral flow te5t5 at events and holdin8 Outdoor'welcome events, at
the start of the year.
We continued to work with the Univer511y to monitor the situalion and respond to any concerns.
Our gym remained closed all year to 5UPPOrt ihe retention of soc￿1 distancing on campus to help 5UPPQrt the
return tg in person leachin6 as much a5 possible.
Ou¥ Shop, bar and café were able to slowly return to nomal, but began the Year cautiously with a rèduced
eapacity io aid social distancirng measures as much as possible. This meant our capacity when open was
reduced to approximately 62 % of its normal capacity for the iniiial few months.
Our clubs and s¢xieties were able lo resume normal a(twities and competition during thè year. following any
National Governin8 Body gLtidance as appropriate and ensuring controls and awareness remained in place to
remain vi8ilant to the residual threat of Covid as we returned to near previous levels of activities
Sirategic Prlofltles and Athlevements
Your Course
We worked wr(h the Universiiy in its response to the recovery from Covid and return to in person
teaching, hi8hlighting concerns and issues
We recruited 282 course reps, who work on a voluntary basis to coordinate and provide feedback to
academSc staff
Launched a decolonlsatSon and sustalnabllity new51etter
Worked wilh the disabled students network to improve the use of Academic access plans
The National Student Suryey fesults In july 2022 saw a downturn in satisfaction from 60.8S% to 55.76%
Whllst disappojnling after si8E)ificant improvement in the P￿vIouS two year5, thi5 wa5 still above the
sector avern8e of $2.55%.
We delFvered a successful 'Welcorne' programme at the start of ihe academic year, and a total tsf 457
events throu8h the year.
We worked to support our club5 and 50cielies to return to 'noimal' actlvlty, and be an essential
support network for sludents. 1627 students joined club5 and societies I cownpared to just 1133 the
previous year and 1557 pre Covid.I
We workecl with the University to implement the Bath Spa Start pro8rnmme. which was designed to
encourage and support students to join a club or society. 80th the Union and Unweisity recognise that
supporting student5 to make friends and develop new interests is an essential part of the unwersity
experience and also svppoff S Students, wellbeiThg- 11 also recognises that as we emerged from the
pandemic new Siudents may need such additional support to develop social network5 and Interests
We delivered a number of events for the first time in person since 2019, including the Summer Ball,
Pride. Sport5 and 5iJciety Award5 dinners.
Ran a number of events with the University for Black History Month and LGBTQIA+ History month.
We increased our social media presence. increasin8 our wular followers by 33% and oui email open
rate5 by 13%.

BATH SPA UNIVERSITY STUDENTS, UNION
TRUSTEE5' REPORT ICONTINUEDI
FOR THE YEAR ENOED 31 JULY2022
Your wellbei
Ran campaigns which intluded=
Mental Health Awareness Week
Black History rnonth
LGBTQ+ Hi510ry month
Decolonise fortnvdhi
sexual Health week
Supported the li￿t ever 'Bath Spa Empowers. programme, specifically lookin8 to raise leadetshlp skllls
and ambitions in Black students.
Your Future
We developed use of oui new web platform to deliver online trainin8 modules for volunteers and
student leaders.
Worked with the Coreers leam lo promole opportunities for students.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.
FSnanclal re¥lew
The Unlon has two maln sources of income..
Charitable ènd Trading activities.. In 2021- 22 Its total income from tts charitable and irading activities
was £678,762. The lon8 term impact ol Covid is evident when you compafe this io last full trading
vear In 2018-19 when charitable and tradiTh8 income reached £851.932
Grant fundlng, glft aSd and donatloThs, accounted for £623.978 income. This is largely made up from an
annual block 8rant from the UnNersity, which in 2021- 22 wa5 £575,232.
The cost of providing those services which are an essential part ol the wider Siudent experience Isuch as
representation, advice, artivilies and skills development) are greater than the level of block grant received and
as such the Union remain5 reliant on ihe abilrty of Its charitable trading artivities to both provide services lor
students and support the work of other areas of artivity.

BATH SPA UNIVERSITY STUDENTS, UNION
TRusfEES' REPORT ICONTrNUEDI
FOR THE YEAR EhlDED 31 JUIY2022
Resetves Poli
Unsurprisingly the Union has had to use some ol its reserves io mitigate against ihe impacl of the pandemic,
whlch ha5 left them ai a much reduced level. Al 3151 ju￿ 2022 our Unrestl￿ed resetves amounted to £634,949
which 15 SIEnificanily below the current policy targei.
In JuTre 2021 the Trustees examined Its current commitments and risks around such low re5eThes and revisèd
the Reserves Poliry. The Board approved that the budget from 2021> should include provision to begin to
recover the reserves and established that the target level for unrestricted reserves should be £3(￿),000, which
would represent approximately 60 days of liquidity. The continuing Impact of the pandemic and reductlon In
disposable income available to students as a ￿￿1t of the emer8ing cosi of living crisis has meant that the
recovery of our reserves position has slalled. However. as previousty ag￿ed with the Trustee5, this will form
core element of our business strategy lo support the new Strategic Plan from 2023, to ensvre that the Union
can meet its longer term ambition5.
A5 a values led or8anisation the Union very carefully considers where reserves are held io ensure..
Montes invested do not compromise the ethical commitment of the Union
The reserves recerve a comparable interest rate lor the type of inve51ment
Risks to the Union of linancial loss are minimised
Affiliatiors
In 2021-22, Bath Spa Univefsity Studenls, Union was affiliated to the lollowing or8anisations (the affillation fèe
paid is listed lor each)..
National Union of Students INUSI - £11.850
British Universities & Colleges Sports IBUCSI- £2,477
Federation of Bath Residents Association IFOBRA) £50
Bath Spa University Students, Union does not ad as a custodian tru51ee behalf of others.
It does hold some des*nated furids whith represent thè charity's administration of income and expenditure
relaiithg to Its clubs and socieiies. In 2021-22. our clubs and so¢ieiies had a balance of £64,850 remaining at
yèar end.

BATH SPA UNIVERSITY STVDENTS. UNION
TRUSTEES. REPORT IcoKfiNUEDI
FOR THE YEAR ENDED31 JULY2022
Fundraisin
The Union has two main areas of fundralsing activrty..
Fundraising to 5UPPOrt the aclivities of the Union, through fundraising events le.8. the annual Summer
Ball, and schemes such as Gwe as you Livel..
Fundraising by students lo support Student led artivities or to fundraise on behalf of another charity as
part of our Raising and Givin£ IRAGI work.
The Union sees all fundraisln8 as a useful skill for siudents to acquire. and particularly as students develop their
own personal interests and aclivrties as socially enga8ed citizeThs. The Unlon doe5 not use any professional
lundrai5ing or commercial or8anisations to support these activilies.
The Union provlde5 guidance and trainin8 to students lry)kin8 to partrcipate in fundraising activities which seek
to follow the Fundraising Code of Practice. This makes il clear that all fundrasin8 is under the umbrella of the
Students, Union, even when it may be lor a specified purpose. club or society.
The Union also has a sponsorship polity wsthln its By-laws that ensu￿$ any sponsorship of clubs and societie5
fit irjto the defined aims and values ol the clublsociety and that there is clear monitorSng of any 5ponsorghlp
received in sUPPOrt of specific purposes.
We have a number of Internal procedures to ensure that the standards expected are closely monitored, with all
fundrai5in8 project5 and ideas must be submttted for approval prior to event. Arny online funclrai5in8 lor the
Student5. Union or for other charities via RAG corne Through the li,￿eT click page wheie a subpage can be sel up
for their ¢hosen fundraising cause. Fundraising for other charitie5 via RAG rs logged through the flnance team to
cros5-reference. All monies collected are held by the Union in line with our financial procedures, wjth
donations to other charitles made at the end of the academic year unless thère Is a piior agreement for such.
Our procedures ensurt ihat the purposes of any fundrJisin8 are Clearly artlculated.
There is a clearly defined complainis procedure, available via the Unlon's website. No complainis were made
whith related to fundraising in 2021-22.
The Importance of en5uTinB the protertion of wlnerable people is a key element of our training. The maloritv
of fundraising happens on campus, bul we pay partlcular attention to ensuring any events happening off
campus understand the importancè of Ènsuring good practice stanLlards a￿ adhered to.
Future Plan5
Strate
ic Plannin
In 2022 we began to consult over our next Strate8ic plan. This involved specific consideration of ihe University's
new strategy and ambitions for the developrnent of its tarnpuses. We began work to look in derail al the
ifflpact ol the growin8 cost ol living crisis and the long term impact of the pandemic and developed plans for
consultation wilh our members and partners in Autumn 2022, to enable our plans to be relinÈd and approved
by April 2023.
Our new sirategy will be supported by a financial strategy that supports our reserves to recover and to enable
the Union to continue to represent and meet the needs of studenls
develo
ment
Our main base at Newton Park has prewousW been identrfied as in need of replacement and the Un¢versity has
reco8nised thi5 in 115 longer term plan5. We aTe currently in discu5sion5 to move our location rnore centrally
withtn the Newton Park campus. With the easin8 01 restriction5 we are again resuming our artivities at the
Locksbrook campus base and via visits to other campuses to ensure these sludents are equally sUPPOrted and
represented.

BATH SPA UNIVERSITY ￿UDE￿rS. UNION
TRUSTEES. REPORT ICONTINUEOI
FOR THE YEAR EhlDED31 JULY2022
Structure, governance and mana8ement
Bath Spa University Students. Union Ss a charltable incorporated organlsation and 15 governed by the Union's
Canstitution. which wa5 approved in May 2020. prior to its incorpoTation on 1° Au8usI 2020.
The Charity replaced the previous unincorporated association111390371 which ￿3$ed tradinB on 31rt July
2020, transferring all its assets and liabilities to the new Charitable Incorporated Or8anisation111895471 on 1st
August 2020.
The Constitution govems what the Union can do and how it will be adm4ni5tered by the 803rd of Trustees on
behalf of the membership.
The Board of Trustees oversees the strate8ic, financial and le8al affairs of the union. It Is ehaired by the Unlon
President and is comprised of up to 12 Trustees who brin8 a rnix of professional and èxpefiential expertise to
the Board.
In 2020 we concluded a T￿leW u5in8 the Charity Code of Governante. Implementation of the
re¢ommendatityns from the review wère overseen by ihe Audii & Risk Committee. The principles and practice5
of these èxistin8 governance arran8ements were adopied by ihe new Charitable Incorporated Organisation
when we incorporated.
The Union's Constitution is complemented by a set of By-laws. which ale reviewed on a re8ular ba515 to support
our commitment to good governance.
All Sabbatical Officer Trustees are elerted by secret balbt to Serve lor a tÈm of one yèar and may be re-elerted
to the F)OSt for a rnaxirnum further term of one year.
Candidate5 for the positions of External Trustees a￿ selected by the Appointments Committee and their
appointment ￿¢0MMended to the Democracy & Scrutiny Cornmittee who must approve all such
appoinlments. External Trustees remain In office lor a term of up to four years and can serve a rnaximum of
two terrn5 which rnay either be ¢on5ecutivt or non-conseculive.
The Union undertakes a skllls audit to inform the appointment of External Trustees when vacanciÈs arise and
will ¢onlinue lo do so as ￿quIred to ensure the Board contains a dtyersity of skills and experience lo support its
continued effettweness.
The Union may also appoint up to two Alumni Trustees. The total number of Alurnni and External Trustees must
nol exceed four persons. The Board can also appoint observers to further sirÈngthÈn the skllls and knowledge
of the Board.
Applications for the posts of Studenl Trustees are also dèttded upon by the Democracy and Scrutlny Committee
and post holders rernain in olfice for up to one yèar and tan sèNe a second consecutive year.
The role of the Oemocraty and Scrutiny CoMM￿ee en$U￿S that members of the Union are uhirnately
responsible for the appointment of all trustees. in line with our democratic pnnciples. It also ensures that the
Union is able to collsider the balance of ski115, diver5tty and experierKe across the Board on an annual basi5.

BATH SPA UNIVERSITY STUDEfrItS' UNION
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 JULY2022
Traini
for Trustees
Trustees are provided with a variety of information upon their induction and are briefed On their legal
obligations and the responsibilities of Trustees_ Training IS supported by an online Trustee Resource pack
containing all relevant information and the Trustees, Code of Conduct.
Sabbatical Officers and Siudenl Trustees are provided with additional 5UPPOrt from both staff members and
outgoing officers io ensure a smooth transition period and to 5UPPOrt the new trustees to unde￿I￿nd and
undertake thelr responslbilr(ies. They also have on-going 5talf 5UPPOrt to 8uide them through Board and
Committee papers and to advise on areas such as conflicts of interest.
Periodically the Board undertake5 a'Board Eflertweness Review.. working wrth an external consultant to
consider how well it is workin8 and any improvernents that can be made to the induction process. operations
or support available to ensure ihe Board functions effectively.
mocrac, & Scrutin Commit
The Democracy & Scrutiny Cornmittee represents the voice of ihe students. The UThion is a democratic
or8anisation, led by students for the benefrt of Siudenis. Ml student5 are rnembers of the Vnlgn and are able to
bring any issues lor consideration by the Comrnfftep who in turn can make any recommendatlons or ralse anv
issues with the appropriate comrnittee or directly to the Board of Trusiees.
The CornmittÈe is rnade up of a number of representètives and members of the Union, including up to:
Four sabbatical officers
Thrèe Senior Academic Reps
Thret reps from Protected Societies
Six students that hold leadership status within the Student5. Union le.8. club or society
committee members, course or oiher rep51.
Two student members elecied by cro55 campus ballot
Democracy and Scruliny Committèe is responsible for the oversi8ht and developmÈnt of..
the policy and by-laws of ihe Union. jointty with the Board ol Trustees
ensuring that the Union has equality. diverslty and incluslon at the heart of its strategy and
operations
en5urinÉ the Unlon operates ethicallv
ensuring the Union and it5 officers are accountable to students
ensuring an equality ol representation lor all students
The Board of Trustees delegates day-to-day management of the or8anisation to the Chief Executive. Sarah
Dawes, who is responsible foi..
implementing the policies and strategies of the organisation
ensuring that the Union operates within budgets approved by the Trustees
advjsing the Trustees in relation to policy, strategic planning. perforfflance and finance
The Chief Executwe 15 fu'rther supported by the Senior Leadership Tearn comprising the PTesidenl, senior
managers and a representative from the Universrty nominafed by the Vice Chancellor. The Senior Leadership
Team is responsible for Ove￿eeIng the day to day running of the Union.

BATH SPA UNIVERSITY sfuDENTS' UNION
TRUSTEES, REPORT ICONnNUEDI
FOR THE YEAR ENDED 31 JULY2022
Relationshi with Bath S a Universi
The Llnion has always had a 8ood relationship with the Urbiver5ity which 15 maintained through regular
meetings between the Vice-chancellor's Oflice. Senior Manager5 from the Union and University and the
Sabbatical Officers.
The President is a member of the Unwer5ily's Board of Governots and Academic Appeals Committee.
Senlor Union stsff and Sabbatiol Offiters attend key University decision makin8 forums, includin8 the Student
Feedback Management Group. Equality & Oiversity Steerin8 Group. Health & Safety and Emergency Plannlng
Committees and the Access & Partlcipation Steering Group.
Representatives from the Vice-chancellor's office attend (he Senior Leadership team, art as Depuly Rètvrnlng
officer lor Union elections arnd also as the University Board ol Governors. independent arbiter for the Union's
Complaints Procedure.
Alon8side the Constitution, the Union also operates wtthin the Students, Union's Codè of Prartitè. Thls 15
approved and rev1ewed by the UnK*n's Board of Trustees and Bath Spa Univer51ty Board of Governors and
Issued in accordance wilh the Education Act 1994, Section 22. This document outlines the relationshbp with
and oversight of the Union. in particulai relating to the Union's constitution. membership, election5, affiliations.
paid oflicers, lirnances. complaints processes and notrficaiion requirements.
The Code of Practice is further SUPPOrted by a Relationship A8reement which looks in Breater deiail at how the
two or8anisations work together in a mutually supponive environment for the benefit of students. I he
Relationship A8reement was Jointly approved by ihe University's 8oafd of Governors and the Union's Board of
T¥ustees.
The Board ol Trustees has overall responslbllity for ensurlng the ma)or strateglc, operational and business rlsks
facing the organisation are Identified and controls are in place. The Audit and Risk Committee advise5 the Board
of Truste￿ on the adequacy and effectiveness of the or8aniSation's internal controls and policy framework.
The Unlon has a range of policies and pro(edures to en$￿￿ the Heallh and Safety of staff, volunteers,
participants and visitors. These are periodically reviewed to ensure they remain lil for purpose and
pertormance is monitored by the Audit & Risk Committee.
The Board of Trustees has an approved Risk Policy In place. It reviews its associated Risk Re8i5ter and Corporate
Risk Management Action Plan annually. with any new or emerging risks being added to the register a5 they are
idenlilied. Progress in achieving the actions sdentified in the Corpoiale Risk Management Plan are reviewed at
each meeting of the Board of Trustees.
Understandably a number of risks were Identified as a re5uh of Covid-19 and the acllons to mltigate againsl
these and their long term Impact have contiTrued to be closely monitored by the Board of Tru51ees throughoul
2021-22.

BATH SPA UNIVERSITY STUDENTS. UNION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR EAIDED 31 JULY2022
Administrative Information
Re815tered charity name.. Bath Spa University Students. Union
Registration number: 1184597
Prlntipal Address
8ath Spa University Sludents, Union
Newton Park Campus
Newton St. Loe
Bath
BA2 9BN
The Board ofTrustees
The Member5 of Bath Spa Univer5ilv Students. Union are it5 Trustee5 for the purposes of Charity law and
throughout this report are collectively refer￿d to the Trvstees The Trustees 2021-22 were-.
Sabbatlcal Officer Trustees
Presldent (Chalrl
Marianne Evans (Originally appointed as • student trustee on IX July 2020. before being elected as President in
202 1 bein8 re-appointed a5 a Sabbatical Officer Trustee land chairl on 1st July 20221
Vlce President Opportunities
lack Mapston IAppolnted l%t July 2020. resigned 30th June 20221
Allce Tedds (Appolnted 1st July 20221
Vice President Welfare & Community
Sian 8entley (Appointed 111 july 2021, rèsi8ned 3LV* lune 20221
Neetu Karwal (Appointed 1st July 20221
Vice President Education
Jasmine Small (Appoinled 1st July 2021. resigned June 20221
laura Bold (Appointed 1st July 20221
External Trustees
Mag81 Thomas (Appolnted 08 Oclober 2013. resigned 3thh June 20221
Michael Roy (Appointed 281￿ April 20151
Christopher Ellicott (Appointed 29 May 20191
Russell Thomas (Appointed io Novernber 20201
Robert 81ake-Byrke IAppointed 1st July 20221
10-

BATH SPA UNIVERSITY STUDEKfs' UNION
rRUSTEES' REPORT ICONTINUEDI
FOR THE YEAR ENDED31 JULY2022
Student Trustees
Matthew Marsh (Appointed ijf July 2020. resigne(130th June 20221
Lauren Stone (Appoi￿le￿ 151 Juty 2021. resigned 30th June 20221
Moss Maxwell Rumboldt IAppointed I" July 2021, res4gned 30th June 20221
Thomas Rome IAppointed 1° july 2021, resrgned 30th June 20221
Hugh Haines (Appointed 151 July 20221
Julia Saunders (Appointed 1st July 20221
Jasmine Raymond-8èrker (Appointed 1st July 20221
Erica 8rackenbury (Appointed 1st July 20221
Adw50rs
Audltors
Bankers
TC Group
Santander Corpornte Bankin8
Bridle Road
St Matthew's House
Qua￿ Office Park
Conference Avenue
8ootle
MÈrseystdè
Portlshead
L30 4GB
BS20 7LZ
The Trustees. report was approve(I bythe 8oard of Trustees.
M Evans
Trustee
Dated:.a.0..M..￿.0H
11

BATH SPA UNIVERSITY sfuDENT5' UNION
STATEMENT OF TRUSTEES. RESPONSIBiunES
FOR THE YEAR EhlDE0 31 JULY2022
The Trustees are responsible for preparing the Twstees. Report and the financial st3ternents in accordance with
applicable law and United KinÉdom Accountin8 Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financtal Statements for
each financial year which 8ive a true and fair view of the stale of affairs of the Charrty and of the incoming
resources and application of resources of the Charity for that year.
In preparing these linancial stalernents. the Truslees are required to:
selert suitable accountin8 policies and then apply them consistentty,.
observe the methods and principles in the Charities SORP,.
rnake lud8emen15 and e5tlmates that are reasonable and prudent,.
slate whether applicable accountin8 Standards have been followed, subject to any material departures disclosed
and explained in the financial statements.. and
prepare the financial statements on the 8oiTrB concern basis unles5 It Is Inappropriate to presume that the
charity will continue in operation.
The Trustees are responsible for keepin8 sufficient accountin8 record5 that disclose wilh reasonable a¢¢ura¢y at
any lime the flnan¢lal posltlon of the Charity and enable them to ensure Ihat the financial statements complv
with the Charities Act 2011, the Charff¢V (Accounts Jnd Reports1 Regulations 2008 and the provlsions of the trust
deed. They are also responsible for safeguarding the assels of the Charity and hence ltyr taking reasonable steps
for Ihe prevention and detection ol fr#ud and oihtr rrre8ularities.
12-

BATH SPA UNIVERSITY StuDE￿[S. UNION
INDEPENDE￿ AUDITOR'S REPORT
TO THE TRUSTEES OF BATH SPA UNIVERSITY STUDENTS. UNION
Opinlon
We have audited the financial statements of Bath Spa Universrty Studen15' Union (the 'Chanly'l for the year
ended 31 July 2022 which comprise the statement of financial artivities, the balance sheet, the statement of cash
flows and the notes to the financial statements. including a summary of si8nificant accountin8 policies. The
financial reporting framewofk that has been applied in their preparation LE applicable law and UtTrited Kingdom
Accounting Standards, including Financial Reportin8 Standard 102 7he Finonciol Reporting Stonéord opplicoble in
the UK onGI Republic oJirelond (United Kingdom GeneTrlly Accepted Accounting Practice).
In ovr oplnlon. the flnanclal statèments:
give a true and lair view ol the state of the charily's affair5 as ai 31 Juty 2022 and ol its incoming resources
and application ol resources, for the year then ended,.
have been property prepared in accordance with United Kingdom Generally Accepted Accountin8 Practice,.
and
have been prepared In accordance with the requifement5 of the Charities Act 2011.
Basis for oplnion
We conducted our audit in accordèncÈ with International Standards oft AuditlllE IUKI IISAS IUKII and applicable
law. Our re5ponsibilitie5 under those standard5 are further described In the Auditor's responsibilities for the Gudit
of the financial 5totementS section of oui report. We are indek)endent of the Charity in accordance with the
ethical requirements that are relevant to our audit of the financial staiements in the UK. including the FAC'S
Ethical Standard, and we have fulfilled our other eihiol reswnsibilities in accordance with these requirements.
We believe that the audit evidence we have obtalned is Sufficient and appropriate to provide a basis for our
oplnion,
Concluslon5 relatlnl to goln8 concem
We havè nothing to report in respect of the following rnatte￿ in relation to which the ISAS IUKI rèqulre us to
report io v()u where..
the Trustees, use ol the 80in8 Concern basis of at¢ountin8 in the prèparation of the flnanctsl slatement5 15
noi appropria¢e,' or
the Trustees have not disclosed in the h"nancrdl siatements any identrfied rnaterial uncertainties that may
casl SlEnifitartt doubt about ihe Charity's ability to continue to adopt the goin8 concern basis of accounting
for a period ol at le35t twefve months from the date when the flnancial statements are author15ed for Issue.
13-

BATH SPA UNIVERsifY STUDENTS. UNION
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE TRUSTEES OF BATH SPA UNIVERSITY STUDENTS. UNION
Other Informètbon
The Trustees are responslble for the other information. The other irbformation comprises the information included
in the annual report, other than the financial statements and our auditoi's report thereon. Our opinion on the
rinancial statements does Trot cover the other informatitin aThd we do not express any form of assurance
conclusion thereon.
In connection with OUT aud¢t of the financial st*ements, 0￿r ￿sponSibl111Y Is io read the other Information and. in
doin8 $0, consider whether the other informatton 15 rnaterialty inconsistent with the financial statements or our
knowl&dge obtained in the audit or otherwt5e appear5 to be rnaterial￿ mi5Stated. 11 we identify such material
inconsistencies or apparent material rnisstatements, we are required to determine wheiher there is a material
mlsstatement in the fiThanclal statements or a malerial misstatement of the other information. If. based on the
work we have performed, we conclude that thert Is a material mtsstatemeni of this other inlofmation, we are
required to report that fatt.
We have nothing to report in thi5 reeard.
Matters on whlch we are requlred to report by emceptlon
We have nothing to report in ￿Spect of the following matters in relation to which the Charrlies (Accounts and
Reports) RegLrlaiion$ 2008 require us to report to you il. in our opinion..
the information gwen in the financial statements Is Inconslstent in any material respert with the Trustèes.
report,. or
sufflclent accountlng records have not been kept.. or
the financial statements are not in agreement with the accounting records.. or
WE have not received all the information and explanalions we require for our audll.
Responsibilities of Trust*es
As explained more lully in the statement of Trustees, responsibilities, the Trustees are responsible for the
preparation of the financial statemènts and lor being satisfied that they give a true arnd lair view, and lor such
internal contiol a5 the Trustees deterrnrne 15 necessary to enable the preparation of financial Statemènts that are
free trom material mi55tatement, whether due to Iraud or error.
In P￿paring ihe financial statements. the Tiustees are responsible for assessing the Charily's ability tg tontinue as
3 80in8 concern, dis¢losin8, as applicable, matters related to going concern and using thc 80iThg concern basis of
attounting unlèss the Trustee5 either intend to cease operatiors. or have no realistic alternat￿e but lo do so.
14

BATH SPA UNIVERSITY STUDENTS, UNION
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE TRUSTEE5 OF BATH SPA UNIVERSITY STUDENTS. UNION
Auditor'5 ￿sponsibl11t•eS for the aLKltt of the finantial rtatÈments
We have been appointed as èudrtor under section 144 of the Charities Art 2011 and report In accordance with
the Act and relevant re8ulations made or havin8 effect thereundeT.
Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free
from material rni5Statement. whether due to fraud or error, and to Issue an auditor's report that includes our
opinion. Reasonable assufante is a high level ol assurance. but 15 not a guaTrntee that an audit conducted in
accordance with ISA5 IUKI will always deteu a material mis5talement when It exists. Misstatement5 can arise
from fraud or error and are considered material rf, indivKlually or in the aÈÈregate. they could reasonably be
expeded to influence the economic dec15ions ol users taken on the basis of thesè financial statement5.
A further description of our responsibilities for the audit of the finaTr¢ial statements is located on the Financlal
Reportin8 Councll's web51te at.. http'.//www.frc.org.uk/auditorsresponsibilitie5. This desuiption forms part of our
auditor'5 report.
Oth•r matt•r
Your attention is drnwn io the fact that the charity ha5 prepared fjnancial statements in accordance with
"Acccunling and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reportin8 Standard applicablè in the UK and Republic ol Ireland
IFRS 1021 las amended) In preference to the Accountin8 and Reporting by Charities: Statement of Rècommended
Practlce155ued on l April 2¢XIS which is relefred to in ihe extsnl re8ulations but has now been withdrawn.
Th￿ has btèn done In order lor the financial statements to provide a inje and fair view in accordance with
Generally A£tepted Accountlng Praclice effective for reportin8 periods beginning on or after I january 2016.
Use of our rèport
This report is made solely lo Ihe charity's trustees. as a body, In accordance with part 4 of the Charities (Account5
and Reports) Re8ulations 2008. Our audit work has been undertaken $0 that we might state io the charity's
trustees those matters we are required to state to them in an auditors. report and for no other purpose. To ihe
fullest extent perrnitted by law. we do not accept or assume responsibility to anyone other than the charity and
the charsty's trusteeg as a body. foi our audrt work, forihis report, or for the opinions we have formed.
TG GrLy
TC Group
Statutory Auditor
Office. Portishead
Oate..
30 March 2023
TC Group 15 eligible lor appointment as auditor of the Charrty by virtue of its eligibility for appoinlment a5 auditor
ol a company under of 5ertion 1212 01 the Companies ALt 2006
15_

BATH SPA UNIVERSITY STUDETrITS' UNION
srATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED31 JULY2032
Unrestfirted
funds
2022
Total
2021
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other tTading activities
Investment5
Other income
623,978
587,681
91,081
558
7.718
732,912
201.754
23,212
25
20,759
Total income
1.311,016
978,662
Ex endituie on:
Raisin8 funds
109.063
28,402
Charitable activktle5
1,266.248
965.124
Total resources expended
1.375,311
993.526
Net expefiditurt for the yearl
Net movement in funds
164.2951
114,8641
Fund balances at l August 2021
765,449
780,513
Fund balances at 31 July 2022
701,154
765,649
The staternent of financial activtlies includes all gains and losses reco8ni5ed in the year.
All income and expendr(ure derive from continuing activities.
16-

BATH SPA UNIVERSITY StUDEritS' UNION
BALANCE SHEET
A5AT31 JUIY2022
2022
2021
Notes
Fixed assèts
Tangible assets
Current assets
stocks
Debtors
Cash al bank and in hand
13
581,208
606,273.
14
15
25,123
24,081
145.215
18.199
33,417
174,936
194,419
226.552
Credltors.. amounts falling duè within
one year
16
174,4731
167,1761
Net current assets
119.946
159,376
Total assets less curr•nt liabiliti•s
701,154
765,649
Income lunds
Unrestrlctèd fund
Deslgnated funds
General unreslricled fund5
ene
17
66,205
634.949
72.520
693,129
701,154
765,649
701,154
765.649
The financial statements were approved by the Trustees on.
20 ioig
M Evan5
Trustee
17-

BATH SPA UNIVERSITY STUDENTS, UNION
STATEMENT OF CASH FLOVIS
FOR THE YEAR ENDED31)ULY2022
2022
2021
Notes
Cash flows from opèratlng attlvltbes
Cash lab50rbed byllgenerated from
operations
126.1771
25,762
Inve5tin8 art4&fjttes
Purchase of iangible fiyed assets
Proceeds on disposal of tan8ible fixed
assets
Interest received
14,1021
120.8231
2,564
25
558
Net ¢a5h used In Inve￿Ing adl%4ties
13,5441
118,2341
Nrt tash used In flnanclng acil¥ltles
Plet Ide¢reasellln¢rease In cash and cash
equlvalents
129.7211
7,528
Cash and cash equhialents at be8lnnlng of year
174,936
167,408
Cash and cash equlvalents at end of year
145,215
174,936
18-

BATH SPA UNIVERSITY STUOENTS. UNION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY21122
Accounting policies
Charlty Information
Bath Spa University Sludenls, Union is a charitable incorporated or8anisalion and is Boverned by the Union's
Constitution. which was approved In May 2020, prior to its incorporation on ljt August 2020.
The Chartty replaced the previous unincorporaied a5S0Clation111390371 which ceased trading on 31st July
2020, transferring all its assets and liabilities to the new Charitable Incorporaled Organisation111895471 on
IJI Au6USt 2020.
1.1 Atcountin8 convention
The financial statements have been prepared in a(co￿ance with the Charity's18overnin8 documenil. the
Charities Act 2011 and -Accounting and Reporting by (harrf¢ies'. Statement of Recommended Prattice
applicable to tharilies preparing their accounts in accordance with the Financial Reporting Standard
applicable In the UK and Republic of Ifeland IFRS 1021- las amended for accounttng periods cornmenclng
from l January 20161. The Charily is J Public Benéfot Entity as defined by FRS 102.
The finan£ial statemenis departed from the Charltles IAccounts and Aeportsl Re8ulations 2CQ8 only lo
Ihe extent required io providè a truè and fair vlew. Thls departure has Involved followin8 the Staternent of
Recommended Practice for charities applying FRS 102 rèther than the vefsion of the Statement of
Recommended Practice which is referred to In the Re8ulatK)ns bul which has since been withdrawn.
The financial statements are prepared in sierlin& which is the furKtional currency of the Charity. Monetary
amounts in these financial siatemènts are rounded to the nearest £.
The financial Statements have been prepared under the historical cosl convention. The principal accounting
policies adopted are set out below.
1.2 Golng corncwn
The 8ath Spa University Students, Union conlinue5 to generale a funding deficit from various prirnary
purpose trading aclivitie5 and it will alway5 be dependent Upgn the University's SUPPOrt.
Along with other Similar tharrties and or8anisations, the COVID-19 pandemic has brought many
uncertainties to Ihe 8lobal economy. The impact of this on the (haiily 15 highlighted in fvrther detatl within
the Trustees, Annual Report. Nolwith5tanding these uncertainties. the Trustees have Ih05en to prepare the.
financial statements on a 80in8 concern basi5 8iven the on8oin8 3UPPOrt the charity rtteives from Bath Spa
University. The Education All 2011 imposes a duty on ihe University to ensure the firnancial viabillly of Its
student ￿preSentatIVe body.
1.3 Charitable funds
un￿strICted funds aré available for use at the discretion of the Trustees in furtherance tsf their charitable
objectives unle55 the funds have been de5iÉnated for other purposes.
Restricted funés are subject to specrfic condilions by dorbof5 as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial Statements.
Endowment fund5 a￿ subject to specific conditions by donors that the capital must be rnairhtained by the
Charity.
19-

BATH SPA UNIVERSITY STUDENTS. UNION
NOTES TO THE FINANCIAL sfATEMENTS ICONnNUEDI
FOR THE Y£4R EAIDEO 31 JULY2022
Accounting pollcies
Icontinuedl
1.4 In¢omln8 resources
The 5tudeTrt5' Union receive5 a block grant and other miscellaneous grants from 8ath Spa UnNersity each
Iinancial year. These are iDclude(J within donations and legac￿$ OD a received basis.
Tlme donated by the Students, Union members is Trot reco8Dised in the financial statements as this cannot
be reliably measured.
All intome from charilable adivities and trading adivitie5 are recognised on an accruals bas¢s. excluslve of
value added tax. wlth any money received forservices provided after the year end deferred.
oiher income 15 credited to the Statement of Financial Activrties in the year in which it is receNable.
1.5 Resources expended
Liabilities are recognised as expenditure a5 soon as there ￿ a le8al of ¢onstructlve obligation corrrnittlng the
charity to that expenditure. rt Is probable that a transfer of e<tsn(>mic benefits will be required In settlement
and the amount ol the obligation can be measured reliably. Expenditure is accounted for on an accruals
basis an¢S has been classilied under headin8S that a8gre8ate all tosts related to the category.
Goverrnance cosls include those costs associated with meeting the constitutional and statutory
requirernents of the charity and include the audil fees and costs linked to the strate8ic management of the
charity. Governance costs are included within support costs.
Allocation and a
ortionmenl c0515
Certain expenditure is dirertly attribulable to 5pecifit activities and this has been included in those cost
categories. Other costs, which cannot be dirertly attributed to partlcular headings have been allocated on
basis consistent with the use of resources.
1.6 Tangible fixed assets
Tan8ible fixed assets are lrnitlally measured at cost and subsequently measurèd at cost or valuation, net ol
depreciation and any impairmeni losses.
Depreciation is recognised so as Io Write off the cost or valuation of assets less their residual values over
IhÈir useful lives on the following bases=
Leasehold improvements
Plant and equipment
FixtLire5 and fittings
Bar & kr(chen equipment
2% straight line
15%-33% starieht line
20% redutlng balance
21Th siraight Ilne
The gain or loss arisin8 on the di5P95al of an a55et 15 determined a5 the difference between the 531e
proceeds and the carrying value of the asset, and is recognised in net incorne/lexpenditurel for the year.
-20-

BATH SPA UNIVERSITY STUDENTS. UNION
NOTES TO THE FINANCIAL STATEMENtS ICONTIfrIUEDI
FOR THE YEAR ENDED 31 JULY2022
Accounting policres
(Continued)
1.7 ImpaSrment of fixed assets
At each reporting end dale. the CharFty reviews the ￿TryIng amounts of its tangible assets to determine
whether there is any indication that those a55et5 have suffered an impairment loss. If any such indication
exrsts, the recoverable arnount of the asset is estimated in order to determine the extent of the ifflpairment
1.8 Stocks
Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and
slow moving items.
1.9 Cash ¥nd ￿$h equivalents
Cash and cash equivalents include cash in hand, deposit5 held * call with bantrs. other short-term liquid
Investments with original maturilies of three monlhs or less, and bank overdrafts. Bank overdrafts are
shown wlthin borrowings In current Iiabiliiies.
1.10 Flnancial instruments
The Charity has elerted to apply the pmisions of Section 11 '8aslc Flnanclal Instrument5, and Seclion 12
'Other Financial Instruments Issues, of FRS 102 to all of Its financlal Instruments.
Financial Instrument5 are recognised in ihe Charity's balance sheet when the Charity become5 Party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented In the financial statements, when
there is a legally enforceable rl8ht lo set off the remgni5ed amounts and there is an intention lo settle orb a
net basis or to realise the asset ènd settle the liability simultaneous￿.
8o51rfinun¢lol as5rts
Basic financial assets, which include debior5 and cash and bank balarb¢es. are Initialw measured at
transaction price Including transartion costs and are Subsequently carrled at amortised cost usin8 Ihe
effective interest method unless the arrangement ¢OnSlitutes a finanting transaction, where the transaction
is measured at the present value of the future recèipts discounted at a market rate of interest. Financial
assets classified as recervable within one year are not amortised.
Bosicfinonclal liabilitles
Basic lillancièl liabilrties, including c￿(lit0r$ and bank loans are iniiialty recogni5ed at transaction price
unless the arran8emenl ionstilutes a financing trans3Ction. where the debt instrument 15 rneasured at the
present value of the fulure payments discounted at a market rate of inte￿$t. Financial liabilities classified as
payable within onè yèar are not amortised.
Debt instrument5 are 5ub5equently (arried ai amortised cost. using the effective interest rate method.
Trade creditors are obli8ations to pay for goods orservices that have been acquired in the ordinary course ol
operations from suppliers. Arnount5 payable are dassifi.ed as cul￿nt liabrlities if payment is due within one
year or less If not, they are presented as non-curreTrt Iièbilrties. Trade creditors are recognised initially at
transaction price and subsequently measured at amort15ed c05t Using the effective interesl method.
21

eATH SPA UNIVERSITY STUDEvfs' UNION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR EPIOED31 JUIY2022
AccountinB policie5
Icontinuedl
Derttoqnftlon offin0ndoll1¢7￿lltIeS
Financial liabilities are derecogni5ed when Ihe Charrty'5 contrartval obligation5 expire or are discharged or
cancelled.
1.11 T•xatlon
The charity is exempt from tax on its charitable artivities.
1.12 Employee beneffts
The cost ol any unused holiday enlillement is reco8ni5ed In the period in which the employee's seNices are
received.
Termination benefrts are recognised immediately a5 an expense when the Charity Is demonstrablv
committed to terminate the employment of an employee or to provide termination benefits.
1.13 Aetirement benefits
The charily contributes to dèfin￿ contribution pension schemes. Contributions payable to the charity's
pen5Tr0n schemes art ¢har8èd lo Ihe Statement of Flnancial Activities in the period to which they rel•te.
1.14 Leases
leases are cla$5ilied as finance leases whenever the terms of the lease iransfer sub5tantsally all the risks and
rewards of ownership io the lessees. All other lèases are classrtled as operating leases.
Renta15 payable under operating leases are charged to the Statement ol Financial Activittes on a strai8ht line
ba515 over the period of the lease.
Asiets htld under finance leasès are recognised as asseis at the lower of the assels fair value at the dale ol
inception and the piesent valuè ol the mrnimum lease payments. The related liability Ig Included In the
balance sheet a5 a finance lease obligaiTron. Lease payments a￿ tfeated as consislin8 of capital and Interest
element5. The interest 15 charged lo the Statemenr of Financial Activities so as to produce a c¢nstant
periodic rate of interest on ihe remaining balance of the liability.
Critical accountin¥ estirnates and jud￿Ments
In the application of the Charity'5 attounting pollcies. the Trustees a￿ reqUI￿d to make jud8ementS.
estimales and assumptions about the carrying amount of assets and liabilities that are not readily appa￿nI
from other sources. The e5timate5 and a55ocialed assumptions a￿ based on hislorical experience and other
factors thal are considered to be relevant. Aciual results may differ from these estimates.
The estimales and underlying assumptions are reviewed on an ongolne basls. Rewsion5 to aEcounting
estimaies are recognised in the period in which ihe esrimate is revised where Ihe rewsion affects only that
period, or In the period of the ievision and future periods where the revision affects both current and future
period5.
22-

BATh SPA UNIVERSITY ￿UDENrs. UNION
NOTES TO THE FINANOAL STATEMENTS {coNfiNUEDI
FOR THE YE4R ENDED 31 JUIY2022
Donatlons and legade5
Total
funds
2022
Total
funds
2021
Donatioris and gifts
Grant5 received. included in the above. a￿ as follows:
7,497
616,481
2.197
730.715
623,978
732,912
Grènts re¢eiT*d. induded in the above. are •5 follows:
Bath Spa Univer5ily- Block Grant
Bath Spa University- Other grants
lob Retention Scheme (Govemient gfantl
575,232
35,525
5,724
527,000
130,000
73,715
616,481
730,715
Income from: Charitable artivities
Total Funds
2022
Total Funds
2021
Freshers week
Gyrn
Wellaie and ￿preSentatIOn
Student societies
Shop
Bar and Cafe
NUS extra cards
28.106
2.850
14,2901
1,462
ICK),S50
281,940
173,281
342
31.389
119.794
50,992
1,019
587.681
201,754
-23-

BATH SPA UNIVERSITY STUDENTS. UNION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED31 JUIY2022
Other tradln8 ?cllvltle5
Total
fun(ts
2022
Total
funds
2021
Fundraising events
Marketin8
58,728
32.353
2,910
20.302
Other trading activities
91,081
23.212
Investments
Total
lunds
2022
Total
funds
2021
Interest income
558
25
Othèr Income
Total
lunds
2022
Total
funds
2021
Other incorne
7,718
20.759
Ralslng lunds
Total
fvnds
2022
Total
2021
Fundraisi
Marketing
Fundraising costs
and ublic
30,451
78,612
25,452
2,950
Fundraising and publicitv
109,063
28.402
-24_

BATH SPA UNIVER5trY ￿UDENrs. UNION
NOTES TO THE FINANCIAL sfATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 JULY2023
Expenditure on.. Charitable arti*ties
Oirect CO￿$ Direct Costs
2022
2021
Freshers Week
Gym
Welfare and representation
Student s(xieties
Shop
Bar & Cafe
36,719
9.370
28,581
141,599
267,288
157,713
11,750
11,411
6,541
172,856
145,589
112.744
641,270
460,891
Share of 5UPPOrt costs (see note 101
Share of governan¢e costs (see note 101
612,478
12.500
494.148
10,085
1,266,248
965,124
10 Support costs
support Govemance
Costs
Cost5
2022
2021
FrÈshÈrs Weèk
Gym
Welfare and representation
Student societies
Shop
8a¥ and Cafe
35,071
8,949
27.298
135.241
255.287
150.632
716
183
557
2.760
S,210
3,074
35,787
9,132
27.855
138.Crf)I
260,497
153,7C6
12,855
12,484
7.156
189.112
159,280
123,346
612.478
12,500
624,978
504.233
Anatysed between
Charitable activrties
612,478
12,51XJ
624,978
504,233
Governance costs Include payments to the auditor5 of £8.65012021.. £7,500) for audit fees.
Support COSt5 are 5pltt between Managernent cost5 of £581,228 12021= £469,938) and Finance costs of
£31,25012021.. £25,125)
-25-

BATH SPA UNIVERSITY STUDEpifs' UNION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDE031 JUIY2022
11 Remuneration and benefits
In aetordanee with the Bath Spa University Students, Union's Conslitution. salaries were paid to the elEtted
officers In respeu of qualifying seNices. These were as follows-
2022
2021
Ceri Bailey
Megan Robertson
Emily Casey
Jack Mapstoft
Sian Bentley
Marlanne Evans
la5rnine Small
Laura Bold
Neeiu Karwal
17,978
17,978
18,317
19,612
2,179
2.179
2,179
18,414
18.414
20,088
18.414
2,372
2,372
2,372
Alice Teds
82,446
80,422
12 Employees
Number of emplDyee5
The average monthly number of employees durin8 tht year was=
2022
Number
2021
Number
Salarled staff
Casual staff
22
17
23
39
29
The above staff numbers equate lo 29 full tirne equwalents.
The number of emph)yees whose annual remuneralion wa5 £60.IM)O or more
we￿.
2022
Number
2021
Nurnber
Salaried staff

BATH SPA UNIVERSITY STUDENTS. UNION
NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI
F(Th THE YEAR ENDED31 JULY2022
13 Tangible fixed assets
le￿￿01&
Pl•Trt￿y
eqWpment
Te5 aDd B•r & krt(hen
eqwipmETht
TO#1
Co
At I Au8USt 2021
Addrtions
722.194
274.773
111.896
4,102
101,825
1.210,688
4,102
Ai 31 july 2022
722,194
274,773
115,998
101,825
1.214,790
Deprtciation and rmpalrn)ent
At l August 2021
Depreciation char8ed in the year
161,295
14.441
258.037
7.292
85.770
6,046
99.313
1,388
604,415
29.167
Al 31 july 2022
175,736
265,329
91,816
100,701
633,582
Carrwn8 amoynt
At 31 july 2022
546.458
24.182
1.124
581.208
At 31 July 2021
560.899
16.736
26,126
2,512
606,273
14 Stotks
2022
2021
Goods for resale
25,123
18,199
15 Debtors
2022
2021
Amounts falllng due within one year:
Trade debtors
Other debtors
Prepaymenis and a¢¢rutd income
8,816
819
14,446
5,249
13,360
14,808
24,081
33,417
-27-

BATH SPA UNIVERSITY STUDENTS, UNION
NOTES TO THE FINANCIAL STATEMENTS IcoKllNUEDI
FOR THE YEAR ENDED31 JULY2022
16 Creditor5: amounts fallinz due within one year
1022
2021
Othertaxation and social security
Trade tieditors
Other crediiors
Accruals and deferred income
32.794
14.543
11,627
15,509
30,044
5,654
856
30.622
74,473
67,176
17 Deslgnated funds
The income funds of the charlty include the followi￿ desi8naled funds which have been set aside oui of
unrestricted funds by the trustees lor specific purp05es'.
Movement in funds
•source5
14M4USt 2WI
Waterald
Club5 and societies
1.355
71.165
1,355
64,8SO
95.703
1102,0181
72,520
95.703
1102,0181
66,205
WaierAld
The Union assists a local fundralslng 8roup to raise monbes for Water Aid.
aub5 & Societies
Any unspent income at the end of the year. whether raised by member5 or a5 a result cif unspent funding
from the Union in rel￿[On io clubs and socleties, 15 carried forward for use in future periods. Any deficit ol
a club or society at the end of a year is carried forward and all clubs are aware that they are required to
take on any exisling deth and work to add￿sS that deficit. Where a club or society ceases or becomes
inactive for 2 years, any funds held as relurned to the general budget to SUPPOrt other Student auivity.
-28-

8ATH SPA UNIVERSITY miDENTS' UNION
NOTES TO THE FINANCIALSTATEMENTS ICONTINUEOI
FOR THE YEAR ENDE031 JULY2022
18 Analy515 of net assets between funds
Desi8nated
General
fvnds
2022
Total
Total
2022
2022
2021
Fund balances at 31 July 2022 are
represented by..
Tangible Flxed As5elS
OtheT Net Assets
581,208
53,741
581,208
119,946
606,273
159,376
66,305
66,205
634.949
701,154
765,649
All of the above are unfestricted lunds.
19 Flnanclal commltmentsi 8uartntees and ¢onlin8eTrt liabilitle5
Bath Spa Students. Union i5 aware of recenl examples of a change by HMRC in the interpretatton of the
framework o¥er the treatment of calering supplies in educatlonal establishments where these have been
provided by Students Unions. Tht matter rs currently bein8 contested nationally, led by the National Union
ol Students. The outcome and possible financial effect of this marter is ojrrently unknown. Whilst Bath Spa
Students, Unlon follows all previous advice received from HMRC, it has taken the precautionary measure of
disclosin£ the existence ol thi5 contin8ent liability in these acco￿￿15.
20 OperatinÉ lease tt*mmitments
At the reporting end date the Charity had 0￿standIng commitments for future mlnlmum lease payments
under non-tancellable operalin8 leases. which fall due as follows..
2022
2021
Within one year
Between two and five years
In over live year5
40.891
2rxi.o
240.OLYJ
48.164
2(￿,891
280,0
480,891
529,055
-29-

BATH SPA UNIVERSITY sfuDENT5' UNION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE Y￿R ENDE031 JULY2022
21 Relatèd party trnnsactions
During the year. Bath Spa Unrversity Students. Union retefivèd a recurrent block grant Irom Bath Spa
University 01 £527.(Y)012021- £527,1XM)}.
Bath Spa University Students. Uniov feceived other grants and income from 8ath Spa University of £83,757
12021.. £130.0(K)I during the year. The balance outstanding at the year end of £Nil12021.. £Nill is included in
debtor5.
Bèth Spa Universily Students, Union made pufchases of £47,20312021.. £54,CQ51 from Bath Spa University
durln8 the year. The balance outstanding of £Nrl12021.- £NIll is Included in creditors.
The key management personnel arè considered to be ihe Trustees. the Chief Executive Officer, the Head ol
Menibership En83gement and Deputy Chief Ex*cutive Officer and the Head of Opèrations and Business
Development. The key management persgnnel remuneraiion lor the year wa5 £256,29212021.. £180,743>.
22 Cash generated Irom operatlons
2022
2021
Defltlt lor the year
164,2951
114,8641
Adjustment5 for..
Investment Income reco8nised in statement ol financial artivitiès
Depreciation and irnpairmeni of ièngible fixed assets
15581
29.167
29.996
Movements in w(yrking tapi131'.
Ilncreaselldecrease in stocks
Decrease/lincreasel in debtors
Increase in creditors
16,9241
9.136
7,297
8,332
14,7161
7.039
Cash labsorbed byllgenerated from operations
126,1771
25,762
23 Analysls of changes in net funds
The Charity had no debt duiing ihe year.
-30-

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