Table of Contents
- General Report
- Financial Success with Prudence and Discipline
- Statement of Financial Position as at 3rd May 2026
- Income and Expenditure Account for Year Ending 3rd May 2026
- Statement of Cash Flows for the Year Ended 3rd May 2026
- Notes
General Report
The members present their report and the GUG financial statements for the year ended 3rd May 2026.
President
Mr. Matthew Grech
Registered Office
GUG
Università ta’ Għawdex
Xewkija, Gozo
Results
During the period under review, GUG made a net profit of €8,468.73. The results for the period are set out in the Income and Expenditure Account on page 5.
Events after the balance sheet date
No significant events occurred after the balance sheet date which require mention in this report.
Mr. Matthew Grech
President
Executive 2025/2026
Mr. Malcolm J Caruana
Financial Officer
Executive 2025/2026
Financial Success with Prudence and Discipline
Financial Officer’s Report for the Year Ending 3rd May 2026
GUG is a student organisation that serves as the sole voice of Gozitan youths from various backgrounds, each bringing their own experiences.
From a financial aspect, the financial year 2025–2026 saw the entity register a profit of €8,468.73. This was generated from various events, sponsorships, and membership uptake, which helped the entity register total revenue of €39,349.00, with total expenditure amounting to €30,880.27. The profit registered can be attributed to the increase in total revenue, achieved mainly through an increase in the sponsorship base and total memberships.
The results obtained from the past financial and administrative year have helped improve the financial health of the entity. This enables the next executive to organise better events, for which the entity is well known, as well as educational activities and initiatives that support Gozitan students.
Throughout the year, together with various colleagues from the executive, whom I thank wholeheartedly for their support, GUG collaborated with other entities with positive results. Among these collaborations, GUG managed to increase its sponsorship base to three times that of the previous year. I take this opportunity to thank all our sponsors, who are too many to mention individually, for their financial support.
As a student organisation, we hope to continue holding discussions with various stakeholders and students to further the interests of Gozitan students studying in tertiary institutions in Malta. We also aim to build stronger understanding and bridges between stakeholders and students.
This was my first and last executive report, and I can proudly say that I had the honour of forming part of the longest continuing voice for Gozitan students.
I hope that future executives continue to build on the successes achieved by past administrations. I would like to conclude my report by wishing those elected after us every success in continuing to strengthen GUG as a strong student union for Gozitan students.
Malcolm J Caruana
Financial Officer
Executive 2025/2026
Mr. Matthew Grech. Mr. Malcolm J Caruana
President Financial Officer
Executive 2025/2026 Executive 2025/2026
Notes
- These financial statements are presented according to the local GAPSME regulations.
- These statements are based on the results for Financial Year 2025/2026, which started on 11th May 2025 and ended on 3rd May 2026.
- These statements were prepared on a going-concern basis.
- The total number of members for the year, including the 13 executive members, was 210 members.
- Assets purchased consisted of equipment to be used during the annual Ball. These assets are being depreciated over five years.
- Revenue generated from events represents all income generated from events, excluding sponsorship income, which is recorded separately under Sponsorships.
- Web hosting costs relate to the expenses incurred for the use of a Google Drive system, as well as website domain costs.
- Donations represent donations made during the year following an event organised by the entity.
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