##
##
||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|
##