2025-07-31-accounts - Swansea University Students' Union

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	`Page`
`AdministrativeDetails`
`Trustees’Report`
`IndependentAuditor’sReport`
`ConsolidatedStatementofFinancialActivities(incorporatingtheIncome&`
`ExpenditureAccount)`	`19`
`ConsolidatedBalanceSheet`	`20`
`UnionBalanceSheet`	`21`
`ConsolidatedCashflowStatement`	`22`
`NotestotheFinancialStatements`	`23` `-37`

`President`	`MeganChagger`
`EducationOfficer`	`KatherineWilkinson`
`Societies& ServicesOfficer`	`MadelynJones`
`SportsOfficer`	`CameronMessetter`
`WelfareOfficer`	`MarziaSartori`
`WelshAffairsOfficer`	`CarysDukes`

`HoldingOfficefor2025-2026`
`(from1 July2025to30June`	`2026)`
`President`	`CarysDukes`
`EducationOfficer`	`KatherineWilkinson`
`Societies& ServicesOfficer`	`MadelynJones`
`SportsOfficer`	`RobbieRichards`
`WelfareOfficer`	`MelodyLin`
`WelshAffairsOfficer`	`TanwenMoon`

`Auditors`	`Bankers`
`CroweU.K.LLP`	`Lloyds`
`CharteredAccountantsandRegisteredAuditors`	`BeaumontHouse`
`R+Building`	`PhoenixWay`
`2BlagraveStreet`	`Llansamlet`
`Reading`	`Swansea`
`Berks`	`SA79DL`
`RG11AZ`

`RiskRegister` `Reference`	`\|Risk`						`Control`	`RiskStatus(Red,` `Amber,Green)`
`1`	`Reduction`		`in`	`financial`			`\|WorkcloselywiththeUniversityto`	`\|Red`
	`assistance`		`from`			`the`	`\|demonstrate` `the` `importance,`
	`University`						`impact,andvalueformoneyofour\|`	`Riskisincreasing`
							`services`
`2`	`Charity`			`holding`			`\|Union` `to` `have` `an_` `effective\| Green`
	`inadequate`			`reserves`			`\|ReservesPolicyinplacewhichis`
	`whichaffects`			`its`	`going`		`\|reviewed` `during` `the` `annual\|`	`Riskisdecreasing`
	`concernstatus`						`external` `audit` `and_` `reported\|`	`fromlastyear`
							`throughtheannualaccounts`
`3`	`Significant`		`increase`			`in`	`\|Allowminimum3%increaseinall`	`\|Amber`
	`staff` `salary`				`costs,`		`\|budgetestimates.Wherepossible`
	`including`			`National`			`\|allownaturalwastagetolowerthe`	`\|Nochangetorisk`
	`Minimum`		`Wage/Living`				`\|complimentofpermanentstaff`	`fromlastyear`
	`Wagerates`
`6`	`Increases`		`to`	`pension`			`\|PlayanactivepartintheStudent\| Red`
	`scheme`				`deficit`		`\|Union’sSuperannuationScheme`
	`contributions`						`(SUSS)anditsfinancialstrategyto`	`\|Nochangetorisk`	`\|`
							`improvetheschemefundinglevel\| fromlastyear`
							`andminimisetheimpactoffuture`
							`deficitcontributionincreases.`
							`Continue` `to` `approach_` `the`
							`Universityforfinancialsupportto`
							`mitigateagainstimpactofpension`
							`payments`
							`Designatedreserves` `inplacefor`
							`future` `contributions/scheme` `buy`
							`outwhereappropriate`
`8`	`Failure`	`to`		`achieve`			`\|The Unionwillneedtocontinueto\| Red`
	`budgetary`	`targets.`					`adapttoeconomicconditionsand`
							`reactaccordingly.`	`Risk` `isincreasing` `fromlastyear`
							`Expenditure` `levels` `across` `both`
							`charityandcommercial` `activities`
							`mustreflectthecurrentlevelsof`
							`expectedincome.`
							`StaffingteamsandTrustees` `will`
							`continuetoexploreandevaluate`
							`newwaysofsourcingandsecuring`
							`income.`
							`This` `will` `include` `identifyingnew`
							`commercial` `opportunities` `forthe`
							`Unionornewventuresthatcanbe`
							`operated` `in` `partnershipwith` `the`
							`University` `or` `other` `external`
							`partners`

	`Reduction`	`Home`	`President,FTOs& CEOtoengage`	`Amber`	`Amber`
	`Undergraduate`		`viaSLT,PSLTandotherBoard,`
	`Numbers`		`Strategic& OperationalGroupsto` `supportrecruitmentcampaigns.`	`Risk` `from`	`isincreasing` `lastyear`
			`Work` `with` `MRI` `to` `promote`
			`Swansea` `Student` `Experience`
			`during` `Open` `Days` `and` `through`
			`University’s` `marketing` `material`
			`andmedia.`
			`PromotetheArrival` `&Freshers,`
			`key` `Union` `community` `building`
			`events,` `campaigns` `and`
			`experienceandsupportservices`
			`to` `prospective` `and_` `returning`
			`students`
`10`	`Reduction`	`in`	`President& CEO` `toengagevia`	`Red`
	`International`		`SLT,PSLT,TNEBoard,Working`
	`Postgraduate` `(PGT)` `numbers`	`Taught` `student`	`Groups` `and` `Strategic` `Planning` `process` `to` `support` `recruitment` `campaigns`	`Increasing` `lastyear`		`from`
			`WorkwiththeUniversitytodeliver`
			`quality` `International` `Student`
			`Experienceandtailoredservices`
			`to` `international` `students` `e.g.`
			`projects` `such` `as` `the` `Global`
			`LoungeandGateway`
			`Stronglyrepresentstudentvoice`
			`and` `provide` `tailored` `support` `to`
			`international` `students` `through`
			`Union’s` `Advice,` `Voice` `and`
			`Opportunitiesteams`
			`Support` `University’s` `ambitions,`
			`strategyandplansforexpanding`
			`itsonline,franchisepartnerships`
			`andTNEprogrammes\|.e.Nanjing,`
			`Dalian,` `Mauritius` `and` `locally` `\|`
			`ColegCambriaandQAHE`

									`11month`
									`activityto`
		`Unrestricted`	`Designated`		`Restricted`				`37July`
		`Funds`	`Funds`		`Funds`		`2025`		`2024`
	`Notes`	`£`	`£`		`£`		`£`		`£`
`Incomeandendowmentsfrom:`
`Donationsandlegacies`
`BlockGrant`	`4`	`1,426,836`		`-`		`-`	`1,426,836`		`1,215,169`
`NurseryGrant`	`4`	`43,632`		`-`	`15,000`		`58,632`		`38,833`
`HEFCWGrant`	`4`	`70,000`		`-`		`-`	`70,000`		`126,200`
`OtherTradingActivities:`
`OtherCommercialActivities`		`-`		`-`		`-`		`-`	`32,220`
`Charitableactivitiesforstudents:`
`Societies& Sports`		`-`		`-`	`1,233,156`		`1,233,156`		`1,178,686`
`Bars`		`260,184`		`-`		`-`	`260,184`		`437,294`
`Shops`		`1,872,865`		`-`		`-`	`1,872,865`		`2,021,409`
`Events,MediaandMarketing`		`502,066`		`-`		`-`	`502,066`		`525,272`
`NurseryFees`		`266,263`		`-`		`-`	`266,263`		`226,653`
`InvestmentIncome`		`58,444`		`-`		`-`	`58,444`		`38,764`
`Otherincome` `Totalincome`		`42,277` `4,542,567`	`___-`	`-`	`_1,248,156`	`-`	`42,217` `_5,790,723`		`87,445` `_5.927.945`
`Expenditureon:`
`Raisingfunds:`
`OtherCommercialActivities`
`CharitableActivitiesforstudents:`
`Welfare,Advice& Support`		`236,917`		`-`		`-`	`236,917`		`225,886`
`StudentVoice`		`589,450`		`-`		`-`	`589,450`		`548,287`
`Societies& Sports`		`148,837`		`-`	`1,237,619`		`1,386,456`		`1,245,872`
`Nursery`		`421,438`		`-`		`-`	`421,438`		`371,429`
`Bars`		`577,939`		`-`		`-`	`577,939`		`620,124`
`Shops`		`1,970,307`		`-`		`-`	`1,970,307`		`2,135,760`
`Events,MediaandMarketing`		`461,095`		`-`		`-`	`461,095`		`546,835`
`MovementinSUSSPensionFund`
`(Surplus)`		`-`		`:`	`(120,321)`		`(120,321)`		`(34,528)`
`Totalexpenditure`	`5-7`	`_4,405,983`	`=`		`1,117,298`		`_5,523,281`		`_5,978,826`
`Netincome`		`136,584`		`-`	`130,858`		`267,442`		`268,280`
`Transferofbalancescarriedforward`		`-`		`-`		`-`		`-`	`(643,107)`
`fromunincorporatedentity`
`Transfersbetweenfunds`		`(154.200)`	`150,000`		`4.200`			`-`		`-`
`Netmovementinfunds`		`(17,616)`	`150,000`		`135,058`		`267,442`		`(374,821)`
`Fundbalancesbroughtforward`		`791,031`	`373,367`		`(1,539,219)`		`(374,821)`			`-`
`Fundbalancescarriedforward`		`—` `113,415`	`_923,367`		`(1,404,161)`		`_(107,379)`		`_(374,827)`

			`2025`		`2024`
		`£`	`£`	`£`	`£`
	`Notes`
`FixedAssets`
`Tangiblefixedassets`	`9`		`50,517`		`66,478`
`Investments`	`10`		`5,400`		`5,400`
			`55.917`		`71,878`
`CurrentAssets`
`Stocksinbars,shops& otheroutlets`	`11`	`51,331`		`61,273`
`Debtors& prepayments`	`12`	`57,098`		`201,816`
`Cashatbank& inhand`		`1,803,220`		`1,491,577`
		`1,911,649`		`1,754,666`
`CurrentLiabilities`
`Creditors:Amountsduewithinoneyear`	`13`	`(369.403)`		`(375,502)`
`NetCurrentAssets`			`1,542,246`		`1,379,164`
`TotalassetslesscurrentLiabilities`			`1,598,163`		`1,451,042`
`DefinedBenefitpensionschemeliability`			`(1,705,542)`		`(1,825,863)`
`NetLiabilities`			`__(107,379)`		`(374,821)`
`RepresentingCharitableFunds:-`
`RestrictedFunds`
`Societies& SportsClubs`	`15`	`286,381`		`286,644`
`NurseryGrant`		`15,000`		`-`
`PensionDeficit`		`(1,705,542)`		`(1,825,863)`
			`(1,404,161)`		`(1,539,219)`
`UnrestrictedReserves`
`UnrestrictedFunds`	`16`	`773,415`		`791.031`
`DesignatedFunds`	`17`	`523,367`		`373.367`
			`1,296,782`		`1,164,398`
`TotalFunds`			`__(107,379)`		`(374,821)`

			`2025`	`2024`
		`£`	`£`	`£`	`£`
	`Notes`
`FixedAssets`
`Tangiblefixedassets` `Investments`	`9` `10`		`50,517` `5,401`		`66,478` `5,401`
			`55,918`		`71,879`
`CurrentAssets`
`Debtors& prepayments`	`12`	`195,200`		`192,072`
`Cashatbank& inhand`		`1,527,793`		`1,321,481`
		`1,722,993`		`1,513,553`
`CurrentLiabilities`
`Creditors:Amountsduewithinoneyear`	`13`	`(244.461)`		`(204,855)`
`NetCurrentAssets`			`1,478,532`		`1,308,698`
`TotalassetslesscurrentLiabilities`			`1,534,450`		`7,308,577`
`DefinedBenefitpensionschemeliability`			`(1,705,542)`		`(1,825,863)`
`NetLiabilities`			`__(171,092)`		`(445,286)`
`RepresentingCharitableFunds:-`
`RestrictedFunds`
`Societies& SportsClubs`	`15`	`286,381`		`286,644`
`NurseryGrant`		`15,000`		`-`
`PensionDeficit`		`(1,705,542)`		`(1,825,863)`
			`(1,404,161)`		`(1,539,219)`
`UnrestrictedFunds`
`UnrestrictedFunds`	`16`	`709,702`		`720,566`
`DesignatedFunds`	`17`	`523,367`		`373,367`
			`1,233,069`		`1,093,933`
`TotalFunds`			`(171,092)`		`(445,286)`

`Charitableandother`	`Activity`	`Costs`	`Costs`
	`Cost`	`ofsales` `£`		`Staffcosts` `£`	`Rent&rates` `£`	`Othercosts` `£`	`2025` `£`
`RaisingFunds`
`Othercommercial` `activities`		`-`		`-`	`-`	`-`	`-`
`Charitableactivities`
`forstudents`
`Welfare,adviceand` `support` `Studentvoice` `Societiesandsports` `Nursery` `Bars` `Shops` `Entertainments`	`-` `-` `-` `-` `106,425` `1,300,306` `178,163`			`182,959` `387,957` `59,897` `366,199` `198,612` `407,598` `201,776`	`13,591` `12,067` `25,655` `20,140` `176,394` `84,602` `10,677`	`40,367` `189,426` `1,300,904` `35,099` `96,508` `177,801` `70,479`	`236,917` `589,450` `1,386,456` `421,438` `577,939` `1,970,307` `461,095`
`SUSSdeficitpension` `Financecosts`			`-`	`(120,321)`	`-`	`-`	`(120,321)`
`Totalcosts`	`__` `1,584,894`			`__` `1,684,677`	`_343,126`	`_1,910,584`	`_5,523,281`
`Prioryear`							`11month`
							`activityto`
							`31July`
	`Costof` `£`	`sales`		`Staffcosts` `£`	`Rent& rates` `£`	`Othercosts` `£`	`2024` `£`
`RaisingFunds`
`Othercommercial` `activities`		`-`		`-`	`-`	`-`	`-`
`Charitableactivities`
`forstudents`
`Welfare,adviceand` `support` `Studentvoice` `Societiesandsports` `Nursery` `Bars` `Shops` `Entertainments`	`-` `-` `-` `-` `161,429` `1,422,854` `310,803`			`178,205` `325,838` `51,421` `318,898` `213,390` `407,819` `215,609`	`9,067` `5,312` `17,103` `20,140` `117,596` `13,367` `10,677`	`38,620` `217,137` `1,177,348` `32,391` `127,709` `291,720` `9,746`	`225,886` `548,287` `1,245,872` `371,429` `620,124` `2,135,760` `546,835`
`SUSSdeficitpension` `Financecosts`		`-`		`(34,528)`	`-`	`-`	`(34,528)`
`Totalcosts`	`1,895,086`			`1,676,652`	`193,256`	`1,894,671`	`5,659,665`
`Includedinadviceandrepresentation`		`cost`	`is:`				`1171month`
							`activityto`
							`31July`
						`2025`	`2024`
						`£`	`£`
`NUSaffiliationfees` `Otheraffiliationfees`						`27,059` `726`	`24,397` `569`

`Includedin`		`717month`
		`activityto`
		`37July`
	`2025`	`2024`
	`£`	`£`
`Auditorsremuneration:` `-` `Auditfee(Union)` `-` `Auditfee(Subsidiary)` `-` `Taxationservices` `Sabbaticalofficerremuneration`	`23,320` `5,595` `4,775` `157,290`	`22,000` `5,280` `2,640` `138,833`

				`Rent&`
		`Staff`		`rates`		`Other`		`2025`
		`£`		`£`		`£`		`£`
`Raisingfunds:` `Othercommercialactivities`			`-`		`-`		`-`		`-`
`Charitableactivitiesforstudents` `Welfare,adviceandsupport` `Studentvoice` `Societiesandsporis` `Nursery` `Bars` `Shops` `Entertainment`		`33,492` `63,370` `12,607` `77,086` `41,809` `92,614` `65,792`		`13,591` `12,067` `25,655` `20,140` `176,394` `20.051` `10,677`		`36,362` `82,818` `67,485` `13,132` `35,666` `50,998` `33,659`		`83,445` `158,255` `105,747` `110,358` `253,869` `163,663` `110,128`
	`Totals`	`_386,770`		`_278,575`		`_320,120`		`_985,465`

					`11month`
					`activityto`
			`Rent&`		`31July`
		`Staff`	`rates`	`Other`	`2024`
		`£`	`£`	`£`	`£`
`Raisingfunds:`
`Othercommercialactivities`
`Charitableactivitiesforstudents` `Welfare,adviceandsupport` `Studentvoice` `Societiesandsports` `Nursery` `Bars` `Shops` `Entertainment`		`30,443` `49,155` `9,941` `61,652` `41,254` `78,843` `59,532`	`9,067` `5,312` `17,103` `20,140` `117,596` `13,367` `10,677`	`34,627` `77,911` `60,598` `17,314` `34,627` `69,255` `34,627`	`74,131` `132,378` `87,642` `99,706` `193,477` `161,465` `104,836`
	`Totals`	`330,820`	`193,256`	`_328,959`	`853,035`

`affCosts`
		`717month`
		`activityto`
		`37July`
	`2025`	`2024`
	`£`	`£`
`Wagesandsalaries` `Socialsecurity` `Pensioncosts`	`1,620,038` `141,414` `43,546` `1,804,998`	`1,557,697` `109,109` `42,452` `1,709,258`
`MovementinSUSSPensionFundDeficit`	`(120,321)`	`(34,528)`
	`1,684,677`	`_1,674,730`

	`2025`			`2024`
`£60,000- £70,000` `£70,000- £80,000` `£80,000- £90,000`		`1` `1`	`-`		`-` `2` `-`
`Theaveragestaffingwasasfollows:`	`2025`			`2024`
	`£`			`£`
`Fulltime— Totalnumberofstaff` `Students(Parttime)`		`56` `58`			`67` `80`

`President`	`£26,582`
`Educationofficer`	`£26,193`
`Welfareofficer`	`£26,138`
`Sportsofficer`	`£25,677`
`Societiesofficer`	`£26,090`
`Welshaffairsofficer`	`£26,610`

	`Motor`
	`Vehicles`		`Equipment`	`Total`
	`£`		`£`	`£`
`COST` `At1 August2024` `Additions` `Disposals`	`38,696`	`-` `-`	`174,121` `25,887` `(28,688)`	`212,817` `25,887` `(28,688)`
`At31July2025`	`38,696`		`171,320`	`210,016`
`DEPRECIATION`
`At1 August2024` `Chargefortheyear`	`5,528` `5,528`		`140,811` `36,320`	`146,339` `41,848`
`Disposals`		`-`	`(28,688)`	`(28,688)`
`At31July2025`	`11,056`		`148,443`	`159,499`
`NETBOOKVALUE` `At31July2025`	`___27,640`		`22,877`	`____50,517`
`At31July2024`	`33,168`		`33,310`	`66,478`

`Investments— GroupandUnion`	`Unlisted`	`Investmentin`
	`investments`	`Subsidiary`		`Total`
	`£`	`£`		`£`
`COSTORVALUATION:` `At1 August2024`	`5,400`		`1`	`5,401`
`At31July2025`	`5,400`		`1`	`__5,401`
`NETBOOKVALUE:` `At31July2025`	`______—_—+$5,400`		`1`	`____-5,404`
`At31July2024`	`5,400`		`1`	`5,401`

		`171month`
		`activityto31`
		`July`
	`2025`	`2024`
	`£`	`£`
`TradingSubsidiary`
`Turnover` `Costofsales`	`2,633,428` `1,536,190`	`2,983,962` `1,844,853`
`Grossprofit`	`1,097,239`	`1,139,110`
`Administrativeexpenses` `GiftaidpayabletotheUnion`	`1,033,524` `70,464`	`1,068,643` `22,883`
`Netprofit`	`__63,715`	`70,465`

`11`	`Stocks`		`2025`	`Group`	`2024`		`Charitable` `2025`	`Company` `2024`
			`£`		`£`		`£`	`£`
	`Stocks`	`__`	`91,331`		`61,273`	`_`			`-`

		`Group`			`Union`	`Union`
`12`	`Debtors`	`2025` `£`	`2024` `£`		`2025` `£`		`2024.` `£`
	`Tradedebtors` `Amountsduefromsubsidiaries` `Otherdebtors` `Prepayments& accruedincome`	`19,080` `-` `102` `37,916` `___57,098`	`164,889` `36,927` `201,816`	`-` `-`	`3,349` `172,314` `102` `19.435` `___195,200`	`__`	`89,702` `92,206` `-` `10,164` `192,072`
		`Group`			`Union`
`13`	`Creditors:Amountsduewithin` `oneyear`	`2025` `£`	`2024` `£`		`2025` `£`		`2024` `£`
	`Tradecreditors` `Socialsecurityandothertaxes` `Othercreditors` `Accrualsanddeferredincome`	`115,344` `35,139` `50,662` `168,258` `___369,403`	`49,513` `70,660` `4,492` `250,837` `375,502`		`57,280` `34,278` `49,498` `103.405` `___244,461`		`7,391` `57,786` `3,034` `136,644` `204,855`

		`Group`		`Union`	`Union`
		`2025` `2024`		`2025`	`2024`
		`£`	`£`	`£`	`£`
`Deferredincomeat1 August` `Incomereceived` `Incomeutilised`	`63,444` `34,894` `38,500` `63,444` `(63,444)` `(34,894)`			`60,000` `37,000` `(60,000)`	`25,000` `60,000` `(25,000)`
`Deferredincomeasat31July`	`___`	`38,500`	`63,444`	`_37,000`	`60,000`
`nalysisofNetAssetsbetween`	`Funds(Group)`
	`Unrestricted`	`Designated`	`Restricted`
	`Funds`	`Funds`		`Funds`	`Total`
	`£`	`£`		`£`	`£`
`FixedAssets`	`55,917`	`-`		`-`	`55,917`
`Netcurrentassets` `Longtermliabilities`	`717,498` `-`	`523,367` `-`		`301,381` `(1,705,542)`	`1,542,246` `(1,705,542)`
	`773,415`	`523,367`		`(1.404.161)`	`_(107,379)`

`2025`	`Asat1` `August` `2024` `£`	`Incoming` `resources` `£`	`Resources` `expended` `£`	`Transfers` `£`	`Asat31` `July` `2025` `£`
`Pensionfund`	`(1,825,863)`	`120,321`			`(1,705,542)`
`Otherrestricted` `Reserves`	`286,644`	`1,248,156`	`(1,237,619)`	`4,200`	`301,381`
	`(1,539,219)`	`1,368,477`	`(1,237,619)`	`4,200`	`(1,404,161)`
				`Transferfrom`
`2024`	`Asat9` `May2023` `£`	`Incoming` `resources` `£`	`Resources` `expended` `£`	`unincorporated` `entity` `£`	`Asat31` `July2024` `£`
`Pensionfund`	`-`	`34,528`	`-`	`(1,860,391)`	`(1,825,863)`
`Otherrestricted` `Reserves`	`-`	`1,178,686`	`(1,116,750)`	`_224,708`	`286,644`
	`-`	`1,213,214`	`(1,116,750)`	`(1,635,683)`	`(1,539,219)`

`2025`		`Asat` `1August` `2024` `£`	`Incoming` `resources` `£`	`Resources` `expended` `£`	`Transfers` `£`	`Asat` `31July` `2025` `£`
`General`	`Fund`	`791,031`	`4,542,567`	`(4,405,983)`	`(154,200)`	`773,415`
		`Asat`			`Transfersfrom`	`Asat`
`2024`		`9May` `2023` `£`	`Incoming` `resources` `£`	`Resources` `expended` `£`	`unincorporated` `entity` `£`	`37July` `2024` `£`
`General`	`Fund`	`-`	`4,749,259`	`(4,577,443)`	`619,215`	`791,031`

`2025`			`1`	`Asat` `August` `2024` `£`	`Incoming` `resources` `£`		`Resources` `expended` `F`		`Transfers` `E`		`Asat` `31July` `2025` `£`
`SUSS` `Welfare`	`Pension` `projects`	`Deficit`		`350,000` `23,367`		`-` `-`		`-` `-`	`150,000`	`-`	`500,000` `23,367`
				`373,367`		`-`		`-`	`150,000`		`523,367`

									`Transfersand`
									`Transferred`
`2024`			`Asat` `9May` `2023` `£`		`Incoming` `resources` `£`		`Resources` `expended` `£`		`from` `—unincorporated` `entity` `£`	`—`	`Asat` `37July` `2024` `£`
`SUSS` `Welfare`	`Pension` `projects`	`Deficit`		`-` `-`		`-` `-`		`-` `-`	`350,000` `23,367`		`350,000` `23,367`
				`-`		`-`		`-`	`373,367`		`373,367`

`Landandbuildings`	`2025` `£`	`2024` `£`
`Duewithinoneyear` `Withintwotofiveyearsinclusive`	`64,705` `___2,999`	`14,419` `9,246`
	`67,260`	`23.669`

	`2025`	`2024`
	`£`	`£`
`Group`
`Financialassetsmeasuredatamortisedcost` `Financialliabilitiesmeasuredatamortisedcost` `Financialassetsmeasuredatfairvalue` `Financialliabilitiesmeasuredatfairvalue`	`1,822,300` `295,764` `5,400` `1,705,542`	`1,656,466` `241,398` `5,400` `1,825,863`

	`2025`	`2024`
	`£`	`£`
`Interestincomeandexpense:`
`Totalinterestincomeforfinancialassetsheldatamortisedcost`	`58,444`	`38,764`
	`2025`	`2024`
	`£`	`£`
`CharitableCompany`
`Financialassetsmeasuredatamortisedcost` `Financialliabilitiesmeasuredatamortisedcost` `Financialassetsmeasuredatfairvalue` `Financialliabilitiesmeasuredatfairvalue`	`1,703,456` `173,183` `5,401` `1,705,542`	`1,503,389` `87,070` `5,401` `1,825,863`

	`2025`	`2024`
	`£`	`£`
`Interestincomeandexpense:`
`Totalinterestincomeforfinancialassetsheldatamortisedcost`	`58,444`	`38,764`

	`Unrestricted`	`Designated`	`Restricted`
	`Funds`	`Funds`	`Funds`	`2024`
	`£`	`£`	`£`	`£`
`Incomeandendowmentsfrom:`
`Donationsandlegacies`
`BlockGrant`	`1,215,169`	`-`	`-`	`1,215,169`
`NurseryGrant`	`38,833`	`-`	`-`	`38,833`
`HEFCWGrant`	`126,200`	`-`	`-`	`126,200`
`OtherTradingActivities:`
`OtherCommercialActivities`	`32,220`	`-`	`-`	`32,220`
`Charitableactivitiesforstudents:`
`Societies& Sports`	`-`	`-`	`1,178,686`	`1,178,686`
`Bars`	`437,294`	`-`	`-`	`437,294`
`Shops`	`2,021,409`	`-`	`-`	`2,021,409`
`Events,MediaandMarketing`	`525,272`	`-`	`-`	`525,272`
`NurseryFees`	`226,653`	`-`	`-`	`226,653`
`InvestmentIncome`	`38,764`	`-`	`-`	`38,764`
`Otherincome` `Totalincome`	`87,445` `4,749,259`	`-` `-`	`-` `1,178,686`	`87,445` `5,927,945`
`Expenditureon:`
`Raisingfunds:`
`OtherCommercialActivities`	`-`	`-`	`-`	`-`
`CharitableActivitiesforstudents:`
`Welfare,Advice& Support`	`225,886`	`-`	`-`	`225,886`
`StudentVoice`	`548,287`	`-`	`-`	`548,287`
`Societies& Sports`	`129,122`	`-`	`1,116,750`	`1,245,872`
`Nursery`	`371,429`	`-`	`-`	`371,429`
`Bars`	`620,124`	`-`	`-`	`620,124`
`Shops`	`2,135,760`	`-`	`-`	`2,135,760`
`Events,MediaandMarketing`	`546,835`	`-`	`-`	`546,835`
`MovementinSUSSPensionFund`
`(Surplus)/Deficit`	`-`	`-`	`(34,528)`	`(35,528)`
`Totalexpenditure`	`4,577,443`	`-`	`1,082,222`	`5,659,665`
`Netincome/(expenditure)`	`171,816`	`-`	`96,464`	`268,280`
`Transferofbalancescarriedforward`	`969,215`	`23,367`	`(1,635,683)`	`(643,101)`
`fromunincorporatedentity`
`Transfersbetweenfunds`	`(350,000)`	`350,000`	`-`	`-`
`Netmovementinfunds`	`791,031`	`373,387`	`(1,539,219)`	`(374,821)`
`Fundbalancesbroughtforward`	`-`	`-`	`-`	`-`
`Fundbalancescarriedforward`	`791,031`	`373,387`	`(1,539,219)`	`(374,821)`
				`Page37`