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





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|`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`||





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|`RiskRegister`<br>`Reference`|`|Risk`||||||`Control`|`RiskStatus(Red,`<br>`Amber,Green)`|`RiskStatus(Red,`<br>`Amber,Green)`||
|---|---|---|---|---|---|---|---|---|---|---|
|`1`|`Reduction`||`in`|`financial`|||`|WorkcloselywiththeUniversityto`|`|Red`|||
||`assistance`||`from`|||`the`|`|demonstrate`<br>`the`<br>`importance,`||||
||`University`||||||`impact,andvalueformoneyofour| `|`Riskisincreasing`|||
||||||||`services`||||
|`2`|`Charity`|||`holding`|||`|Union`<br>`to`<br>`have`<br>`an_`<br>`effective| Green`||||
||`inadequate`|||`reserves`|||`|ReservesPolicyinplacewhichis`||||
||`whichaffects`|||`its`|`going`||`|reviewed`<br>`during`<br>`the`<br>`annual| `|`Riskisdecreasing`|||
||`concernstatus`||||||`external`<br>`audit`<br>`and_ `<br>`reported| `|`fromlastyear`|||
||||||||`throughtheannualaccounts`||||
|`3`|`Significant`||`increase`|||<br>`in`|`|Allowminimum3%increaseinall`|`|Amber`|||
||`staff`<br>`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`<br>`to`<br>`approach_ `<br>`the`||||
||||||||`Universityforfinancialsupportto`||||
||||||||`mitigateagainstimpactofpension`||||
||||||||`payments`||||
||||||||`Designatedreserves`<br>`inplacefor`||||
||||||||`future`<br>`contributions/scheme`<br>`buy`||||
||||||||`outwhereappropriate`||||
|`8`|`Failure`|`to`||`achieve`|||`|The Unionwillneedtocontinueto| Red`||||
||`budgetary`|`targets.`|||||`adapttoeconomicconditionsand`||||
||||||||`reactaccordingly.`|`Risk`<br>`isincreasing`<br>`fromlastyear`|||
||||||||`Expenditure`<br>`levels`<br>`across`<br>`both`||||
||||||||`charityandcommercial`<br>`activities`||||
||||||||`mustreflectthecurrentlevelsof`||||
||||||||`expectedincome.`||||
||||||||`StaffingteamsandTrustees`<br>`will`||||
||||||||`continuetoexploreandevaluate`||||
||||||||`newwaysofsourcingandsecuring`||||
||||||||`income.`||||
||||||||`This`<br>`will`<br>`include`<br>`identifyingnew`||||
||||||||`commercial`<br>`opportunities`<br>`forthe`||||
||||||||`Unionornewventuresthatcanbe`||||
||||||||`operated`<br>`in`<br>`partnershipwith`<br>`the`||||
||||||||`University`<br>`or`<br>`other`<br>`external`||||
||||||||`partners`||||





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





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||||||||||`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`<br>`Totalincome`||`42,277`<br>`4,542,567`|`___-`|`-`<br>|`_1,248,156`|`-`<br>|`42,217`<br>`_5,790,723`|<br>|`87,445`<br>`_5.927.945`|<br>|
|`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`||`—`<br>`113,415`|`_923,367`||`(1,404,161)`||`_(107,379)`||`_(374,827)`||





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||||`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)`|





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||||`2025`|`2024`||
|---|---|---|---|---|---|
|||`£`|`£`|`£`|`£`|
||`Notes`|||||
|`FixedAssets`||||||
|`Tangiblefixedassets`<br>`Investments`|`9`<br>`10`||`50,517`<br>`5,401`||`66,478`<br>`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)`|






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





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



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



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





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## 

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



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





## 

## 

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



## 

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





## 

|`10`|`Investments— GroupandUnion`|`Unlisted`|`Investmentin`|||
|---|---|---|---|---|---|
|||`investments`|`Subsidiary`||`Total`|
|||`£`|`£`||`£`|
||`COSTORVALUATION:`<br>`At1 August2024`|`5,400`||`1`|`5,401`|
||`At31July2025`|`5,400`||`1`|`__5,401`|
||`NETBOOKVALUE:`<br>`At31July2025`|`______—_—+$5,400`||`1`|`____-5,404`|
||`At31July2024`|`5,400`||`1`|`5,401`|



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



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





## 

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



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



## 



## 

## 

|`2025`|`Asat1 `<br>`August`<br>`2024`<br>`£`|`Incoming`<br>`resources`<br>`£`|`Resources`<br>`expended`<br>`£`|`Transfers`<br>`£`|`Asat31`<br>`July`<br>`2025`<br>`£`|
|---|---|---|---|---|---|
|`Pensionfund`|`(1,825,863)`|`120,321`|||`(1,705,542)`|
|`Otherrestricted`<br>`Reserves`|`286,644`|`1,248,156`|`(1,237,619)`|<br>`4,200`|`301,381`|
||`(1,539,219)`|`1,368,477`|`(1,237,619)`|<br>`4,200`|`(1,404,161)`|
|||||`Transferfrom`||
|`2024`|`Asat9 `<br>`May2023`<br>`£`|`Incoming`<br>`resources`<br>`£`|`Resources`<br>`expended`<br>`£`|`unincorporated`<br>`entity`<br>`£`|`Asat31`<br>`July2024`<br>`£`|
|`Pensionfund`|`-`|`34,528`|`-`|`(1,860,391)`|`(1,825,863)`|
|`Otherrestricted`<br>`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`<br>`1August`<br>`2024`<br>`£`|`Incoming`<br>`resources`<br>`£`|`Resources`<br>`expended`<br>`£`|`Transfers`<br>`£`|`Asat`<br>`31July`<br>`2025`<br>`£`|
|---|---|---|---|---|---|---|
|`General`|`Fund`|`791,031`|`4,542,567`|`(4,405,983)`|`(154,200)`|`773,415`|
|||`Asat`|||`Transfersfrom`|`Asat`|
|`2024`||`9May`<br>`2023`<br>`£`|`Incoming`<br>`resources`<br>`£`|`Resources`<br>`expended`<br>`£`|`unincorporated`<br>`entity`<br>`£`|`37July`<br>`2024`<br>`£`|
|`General`|`Fund`|`-`|`4,749,259`|`(4,577,443)`|`619,215`|`791,031`|





## 

## 

## 

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



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



|`Landandbuildings`|`2025`<br>`£`|`2024`<br>`£`|
|---|---|---|
|`Duewithinoneyear`<br>`Withintwotofiveyearsinclusive`|`64,705`<br>`___2,999`|`14,419`<br>`9,246`|
||`67,260`|`23.669`|





## 

## 

## 

## 



## 

## 



## 

## 

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



||`2025`|`2024`|
|---|---|---|
||`£`|`£`|
|`Interestincomeandexpense:`|||
|`Totalinterestincomeforfinancialassetsheldatamortisedcost`|`58,444`|`38,764`|
||`2025`|`2024`|
||`£`|`£`|
|`CharitableCompany`|||
|`Financialassetsmeasuredatamortisedcost`<br>`Financialliabilitiesmeasuredatamortisedcost`<br>`Financialassetsmeasuredatfairvalue`<br>`Financialliabilitiesmeasuredatfairvalue`|`1,703,456`<br>`173,183`<br>`5,401`<br>`1,705,542`|`1,503,389`<br>`87,070`<br>`5,401`<br>`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`<br>`Totalincome`|`87,445`<br>`4,749,259`|`-`<br>`-`|`-`<br>`1,178,686`|`87,445`<br>`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`|