| Page | |
|---|---|
| Reference and Administrative Detailsofthe Company, its Trustees and Advisers | 1 - 2 |
| Trustees' Report | 3 -16 |
| Independent Auditors' Reportonthe Financial Statements | 17- 21 |
| Consolidated StatementofFinancial Activities | 22 |
| Consolidated Balance Sheet | 23- 24 |
| Company Balance Sheet | 25- 26 |
| Consolidated StatementofCashFlows | 27 |
| Notestothe Financial Statements | 28- 61 |
| Trustees | S Campbell (resigned13June 2025) |
|---|---|
| J Killick (resigned 1 July 2025) | |
| MWinterbottom | |
| N Ahmed (resigned31January2025) | |
| S Shanab | |
| S Dodsworth (resigned30June 2025) | |
| L Enoki (resigned 30 June 2025) | |
| F Yadav | |
| VNongo | |
| GOtley (resigned30June 2025) | |
| GCharlton (appointed 1 July 2025) | |
| IHolland (appointed 1 July 2025) | |
| K Ashfaq (appointed 1 July 2025) | |
| G Cawley (appointed 1 July 2025) | |
| E Asante-Mensah (appointed13June 2025) | |
| GBlakeley (appointed31January2025) | |
| H Coleman (appointed31January2025) | |
| Company registered | |
| number | 12714026 |
| Charity registered | |
| number | 1191269 |
| Registered office | 21Higher Cambridge Street |
| Manchester | |
| M156AD | |
| Chief executive officer | R Roberts |
| Senior leadershipteam | R Roberts, Chief ExecutiveOtficer(appointed19February 2024) |
| P Norman, HeadofMembership Development | |
| S Taylor-Wren, HeadofInsight | |
| L White, HeadofFinance &Performance(resigned 31/10/2024) | |
| L Edwards, HeadofPeople | |
| J Stafford, HeadofMarketingandCommunications | |
| M Short, HeadofBusiness Operations(appointed07/04/2025) |
| Income from: Donations and legacies Exceptional funding Othertradingactivities Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure Net movementinfundsbeforeotherrecognised gains/(losses) Other recognised gains/(losses): Gains on revaluationofpension scheme Net movementinfunds Reconciliationoffunds: Total fundsbroughtforward Netmovementinfunds Total funds carriedforward Note 3 4 5 6 8 7 |
Unrestricted funds 2025 £ 2,925,655 1,133,696 2,740 4,062,091 1,512,331 2,881,823 4,394,154 (332,063) (332,063) 1,620,147 (332,063) 1,288,084 |
Total funds 2025 £ 2,925,655 1,133,696 2,740 4,062,091 1,512,331 2,881,823 4,394,154 (332,063) (332,063) 1,620,147 (332,063) 1,288,084 |
Total funds 2024 £ 3,250,124 4,145,000 1,273,642 2,982 8,671,748 1,571,142 2,945,380 4,516,522 4,155,226 476,543 4,631,769 (3,011,622) 4,631,769 1,620,147 |
|
|---|---|---|---|---|
| Note Fixed assets Tangible assets 13 Investments 14 Current assets Stocks 15 Debtors 16 Cashatbank andinhand Creditors: amounts falling due within one year 17 Netcurrent assets Totalassets less current liabilities Totalnetassets Charity funds Restricted funds 19 Unrestricted funds Designated funds 19 General funds 19 Total unrestricted funds 19 Totalfunds |
59,540 265,920 1,298,029 1,623,489 (561,659) 224,430 1,063,654 |
2025 £ 224,430 1,824 226,254 1,061,830 1,288,084 1,288,084 |
88,206 271,883 1,381,941 1,742,030 (403,885) 1,620,147 |
2024 £ 280,178 1,824 282,002 1,338,145 1,620,147 1,620,147 1,620,147 1,620,147 |
|---|---|---|---|---|
| 1,288,084 1,288,084 |
| Note Fixed assets Tangible assets 13 Investments 14 Current assets Stocks 15 Debtors 16 Cashatbank andinhand Creditors: amounts falling due within one year 17 Netcurrent assets Totalassets lesscurrentliabilities Totalnetassets Charity funds Restricted funds 19 Unrestricted funds General funds 19 Designated funds 19 Total unrestricted funds 19 Total funds |
52,293 522,941 1,134,132 1,709,366 (516,838) 1,194,353 224,430 |
2025 £ 224,430 1,825 226,255 1,192,528 1,418,783 1,418,783 |
77,944 621,711 1,193,882 1,893,537 (358,021) 1,618,069 |
2024 £ 80,728 1,825 82,553 1,535,516 1,618,069 1,618,069 1,618,069 1,618,069 |
|---|---|---|---|---|
| 1,418,783 1,418,783 |
| Cashflows from operating activities Net cash provided by operating activities Cashflowsfrominvesting activities Interest received Proceeds from the saleoftangible fixed assets Purchaseoftangible fixed assets Netcashprovided by investing activities Changeincash and cash equivalentsinthe year Cashand cash equivalentsatthe beginning of the year Cashandcashequivalentsattheendofthe year Thenotesanpages28to61formpartofthese financial statements |
2025 £ (15,538) 2,740 13,379 (84,493) (68,374) (83,912) 1,381,941 1,298,029 |
2024 £ (288,109) (251,428) (251,428) (539,537) 1,921,478 1,381,941 |
|---|---|---|
| Blockgrant Tap upgrant Block Grant Top upgrant Unrestricte d funds 2025 £ 2,341,268 584,387 2,925,655 Unrestricte d funds 2024 £ 2,633,949 616,175 3,250,124 |
Total funds 2025 £ 2,341,268 584,387 2,925,655 Total funds 2024 £ 2,633,949 616,175 3,250,124 |
|---|---|
| Unrestricte | Total |
|---|---|
| d funds | funds |
| 2024 | 2024 |
| £ | £ |
| 4,145,000 | 4,145,000 |
| Commercial Media Trading Subsidiary Commercial Media Trading Subsidiary |
Unrestricte d funds 2025 £ 461,118 104,796 567,782 1,133,696 Unrestricte d funds 2024 £ 599,734 86,810 587,098 1,273,642 |
Total funds 2025 £ 461,118 104,796 567,782 1,133,696 Total funds 2024 £ 599,734 86,810 587,098 1,273,642 |
|---|---|---|
| Unrestricte | Tatal |
|---|---|
| d funds | funds |
| 2025 | 2025 |
| £ | £ |
| 2,740 | 2,740 |
| Unrestricte | Total |
|---|---|
| d funds | funds |
| 2024 | 2024 |
| £ | £ |
| 2,982 | 2,982 |
| Unrestricte | Unrestricte | |
|---|---|---|
| d funds | Total | |
| 2025 | 2025 | |
| £ | £ | |
| 2,881,823 | 2,881,823 | |
| Unrestricte | ||
| d funds | Total | |
| 2024 | 2024 | |
| £ | £ | |
| 2,945,380 | 2,945,380 |
| Bar. shop and building support Freshers costs Trading subsidiary costs Ambassador costs Voluntary incomestaffcosts Voluntary income depreciation Bar. shop and buildingsupport Freshers costs Trading subsidiary costs Ambassador costs Voluntary incomestaffcosts Voluntary income depreciation |
Unrestricte d funds 2025 £ 314.072 21.681 493.658 4.541 669.203 9.176 1.512.331 Unrestricte d funds 2024 £ 412.216 23.348 328.588 4.015 794.934 8.041 1.571,142 |
Total funds 2025 £ 314,072 21,681 493,658 4,541 669,203 9,176 1,512,331 Total funds 2024 £ 412.216 23.348 328.588 4.015 794.934 8.041 1.571.142 |
|
|---|---|---|---|
| Activities | |
|---|---|
| undertaken | Total |
| directly | funds |
| 2025 | 2025 |
| £ | £ |
| 2,881.823 | 2,881,823 |
| Activities | |
| undertaken | Total |
| directly | funds |
| 2024 | 2024 |
| £ | £ |
| 2,945,380 | 2,945,380 |
| Stoffcosts Depreciation Stofftravel & hospitality Training SUSSpension costs Printing,postageandstationary Banking and transaction charges Legal and professional fees Campaigns Welcome costs Insurance Computer andofficeequipment Licenses. subscriptions and affiliations Student experience Marketing and research Website costs Opportunities and volunteering Project funding Staff recruitment StaffOSPS&DIS Repairs. maintenance and premises costs Other direct costs Governance costs Total funds 2025 £ 1,832,183 35,125 18,065 20,877 11,890 7,228 69,945 10,837 12,926 48,011 2,557 67,322 24,676 13,412 12,601 37,724 20,615 14,299 7,800 536,724 62,814 14,192 2,881,823 |
Total funds 2024 £ 1,715,313 26,313 20,781 35,274 198,630 13,817 9,847 92,190 15,967 24,046 47,247 9,811 63,173 27,472 18,329 12,001 20,902 27,461 20,680 13,722 539,472 (26,374) 19,306 2,945,380 |
|---|---|
| Depreciationoftangible fixed assets: -owned by the charitable group Other operating leases 2025 £ 51,361 535,476 586,837 |
2024 £ 46,783 535,476 582,259 |
|---|---|
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Feespayabletothe Company's auditorforthe auditofthe Company's | ||
| annual accounts | 14,875 | 14,500 |
| Feespayabletothe Company's auditor in respect of: | ||
| Alltaxation advisory services not included above | 900 | 600 |
| Allassurance servicesnotincluded above | 3,500 | 3,250 |
| Group 2025 £ Wages and salaries 2,211,817 Social security costs 204,137 Other pension costs 85,432 2,501,386 |
Group Company Company 2024 2025 2024 £ £ £ 2.245,175 2,004,916 1.988,743 177,382 204,137 177,382 87,690 85,432 87,690 2,510,247 2,294,485 2,253,815 |
|---|---|
| Central Shop Student Membership Officers Media Cale Building support Marketing Insight AcademicRep Other cofe Advice Saluation F&B International Organisers BAMEAmbassadors Unit One Independent Panel Member YGAMAmbassadors |
Group Group 2025 2024 No. No. 9 10 6 10 9 9 5 5 2 3 2 8 11 9 9 9 4 3 6 6 1 2 9 10 17 15 13 21 2 2 3 2 2 3 110 129 |
|---|---|
| Group | Group | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| No. | No. | |||
| Inthe band £60,001 | - | £70.000 | 1 | |
| Inthe band £70.001 | - | £80.000 | 1 | |
| Inthe band £80,001 | - | £90,000 | 1 |
| Costorvaluation At 1 August 2024 Additions Disposals At31July 2025 Plantand machinery £ 101,672 25,433 (7,407) 119,698 |
Fixturesand fittings £ 212,805 (211,805) 1,000 Office equipment £ 12,319 1,075 13,394 Computer equipment £ 44,433 10,580 55,013 Otherfixed assets £ 24,637 24,637 |
Assets under construction £ 158,322 158,322 Total £ 395,866 195,410 (219,212) 372,064 |
|---|---|---|
| Depreciation At1 August 2024 Charge for the year On disposals At31July2025 Net book value At31July2025 At31July2024 |
Plant and machinery £ 53,674 24,342 78,016 41,682 47,998 Fixtures and fittings £ 13,355 7,060 (19,415) 1,000 199,450 Office equipment £ 7,972 2,132 10,104 3,290 4,347 |
Computer equipment £ 31,912 10,524 42,436 12,577 12,521 |
Other fixed assets £ 8,775 7,303 16,078 8,559 15,862 |
Assets under construction £ 158,322 Total £ 115,688 51,361 (19,415) 147,634 224,430 280,178 |
|---|---|---|---|---|
| Costor valuation At1 August 2024 Additions Disposals At31July 2025 Depreciation At 1 August 2024 Chargefortheyear At31July 2025 |
Plant and machinery £ 101,672 25,433 (7,407) 119,698 53,674 24,342 78,016 |
Fixtures and fittings £ 1,000 1,000 1,000 1,000 Office equipment £ 12,319 1,075 13,394 7,972 2,132 10,104 |
Computer equipment £ 44,433 10,580 55,013 31,912 10,524 42,436 |
Other fixed assets £ 24,637 24,637 8,775 7,303 16,078 |
Assets under construction £ 158,322 158,322 Total £ 184,061 195,410 (7,407) 372,064 103,333 44,301 147,634 |
|---|---|---|---|---|---|
| Netbookvalue At31July2025 At31July2024 PlantandFixturesand machinery £ 41,682 47,998 fittings £ |
Office equipment £ 3,290 4.347 |
Computer Other fixed equipment £ 12,577 12.521 assets £ 8,559 15.862 |
Assets under construction £ 158,322 Total £ 224,430 80,728 |
|---|---|---|---|
| Group Cost or valuation At 1 August 2024 At31July2025 Netbook value At31July2025 At31July 2024 Company Cost or valuation At 1 August 2024 At31July2025 Netbook value At31July2025 At31July2024 |
Investments insubsidiary companies £ 1 1 1 |
Listed investments £ 1,824 1,824 1,824 1,824 |
Listed investments £ 1,824 1,824 1,824 1,824 Total £ 1,825 1,825 1,825 1,825 |
|---|---|---|---|
| Name | Company | Company | Classof | Holding | Holding | Includedin | Includedin | |
|---|---|---|---|---|---|---|---|---|
| number | shares | consolidation | ||||||
| Manchester Metropolitan Students' Union | 09188480 | Ordinary | 700% | Yes | ||||
| Trading Limited | ||||||||
| The financial resultsofthe subsidiaryfortheyear | were: | |||||||
| Name | Income | Expenditure | Net assets | |||||
| £ | £ | £ | ||||||
| Manchester Metropolitan Students' UnionTrading | 567,782 | (700,559) | (130,698) | |||||
| Limited | ||||||||
| 15• | Stocks | |||||||
| Group | Group | Company | Company | |||||
| 2025 | 2024 | 2025 | 2024 | |||||
| £ | £ | £ | £ | |||||
| Finishedgoodsandgoodsforresale | 59,540 | 88,206 | 52,293 | 77,944 |
| Due within oneyear T rode debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income |
Group 2025 £ 81,629 45,696 138,595 265,920 |
Group 2024 £ 42,044 40,468 189,371 271,883 |
Company Company 2025 2024 £ £ 57,777 31,314 291,501 386,069 45,626 40,398 128,037 163,930 522,941 621,711 |
|---|---|---|---|
| Trade creditors Other taxation and social security Other creditors Accruals anddeferredincome Deferredincomeat1 August Resourcesdeferredduring theyear Amounts releasedfromprevious periods |
Group 2025 £ 96,237 55,561 120,926 288,935 561,659 |
Group 2024 £ 118,547 58,267 109,919 117,152 403,885 |
Company 2025 £ 88,062 40,050 120,926 267,800 516,838 |
Company 2024 £ 97,803 40,142 109,919 110,157 358,021 |
|---|---|---|---|---|
| Group 2025 £ 19,880 82,708 (19,880) |
Group 2024 £ 36,933 19,880 (36,933) 19,880 |
Company 2025 £ 19,880 73,472 (19,880) 73,472 |
Company 2024 £ 36,933 19,880 (36,933) 19,880 |
|
| 82,708 |
| Financial assets Financial assets measured ot fair value through income and expenditure Financial liabilities Other financial liabilities measured at fair value through income and expenditure |
Group 2025 £ 127,325 Group 2025 £ 366,712 Group Company Company 2024 2025 2024 £ £ £ 82,512 394,904 459,676 Group Company Company 2024 2025 2024 £ £ £ 382,288 332,449 338,141 |
|---|---|
| Unrestricted funds Designated funds Developmentand Improvement General funds General Funds Total Unrestricted funds |
Balanceat1 August 2024 £ 1,620,147 1,620,147 Income Expenditure £ £ 4,062,091 (4,394,154) 4,062,091 (4,394,154) |
Transfers Balanceat in/out31July2025 £ £ 224,430 224,430 (224,430) 1,063,654 1,288,084 |
|---|---|---|
| Unrestricted funds Designated funds Development and Improvement General funds General Funds Pension Reserve Total Unrestricted funds |
Balanceat 1August 2023 £ 240,000 1,526,497 (4,778,119) (3,251,622) (3,011,622) Income Expenditure £ £ 4,526,748 (4,317,892) 4,145,000 (198,630) 8,671,748 (4,516,522) 8,671,748 (4,516,522) |
Transfers in/out £ (240,000) (115,206) 355,206 240,000 Gains/ (Losses) £ 476,543 476,543 476,543 Balanceat 31July 2024 £ 1,620,147 1,620,147 1,620,147 |
|---|---|---|
| Unrestricte | Total | |
|---|---|---|
| d funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Tangible fixed assets | 224,430 | 224,430 |
| Fixed asset investments | 1,824 | 1,824 |
| Current assets | 1,623,489 | 1,623,489 |
| Creditors due within oneyear | (561,659) | (561,659) |
| Total | 1,288,084 | 1,288,084 |
| Tangible fixed assets Fixed asset investments Current assets Creditors due within oneyear Unrestricte d funds 2024 £ 280,178 1,824 1,742,030 (403,885) 1,6?0,147 |
Total funds 2024 £ 280,178 1,824 1,742,030 (403,885) 1,620,147 |
|---|---|
| 22. Net income/expenditure for the year (as per Statement of Financial Activities) Adjustments for: Depreciation chorges Interest received Losson the saleoffixed assets Decreaseinstocks Decrease/(increase)indebtors lncrease/(decrease)increditors Netcash usedinoperating activities Analysisofcash and cash equivalents Cashinhand Totalcashand cash equivalents |
Group 2025 £ (332,063) 51,361 (2,740) 186,418 28,666 16,521 36,299 (15,538) Group 2025 £ 1,298,029 1,298,029 Group 2024 £ 4,155,226 46,783 23,308 (191,843) (4,321,583) (288,109) Group 2024 £ 1,381,941 1,381,941 |
|---|---|
| Cashatbankandinhand Capital commitments Contractedforbut not providedinthese financial statements Acquisitionoftangible fixed assets Group 2025 £ 187,220 At1 August 2024 £ 1,381,941 1,381,941 Group 2024 £ |
Cashflows £ (83,912) (83,912) Company 2025 £ 187,220 |
At31July 2025 £ 1,298,029 1,298,029 |
|---|---|---|
| Campany 2024 £ |
| Notlaterthan 1year Laterthan1yearandnotlater than 5 years |
Group 2025 £ 214,440 2,880 217,320 |
Group 2024 £ 558,818 293,625 852,443 |
Company 2025 £ 213,000 213,000 |
Company 2024 £ 535,476 213,000 748,476 |
|---|---|---|---|---|
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Recurrent Grant Receivable | 2,341,268 | 2,633,949 |
| SaleofGoods and Services | 110,775 | 70,392 |
| PurchaseofGoods and Services | 574,429 | 546,350 |
| Rent | 213,000 | 213,000 |
| Service Charge | 322,476 | 322.476 |
| Amounts duefromthe University | 3,641 | |
| Amounts due to the University | 128 | |
| Pension donation | 4,145,000 |