General Report

The members present their report and the GUG’s financial statements for the year ended 4^th May 2025.

President

Ms. Nathalia Borg

Registered Office

GUG,

Universita` ta’ Għawdex,

Xewkija, Gozo

Results

During the period under review, GUG generated a modest net profit. The full financial results are presented in the Income and Expenditure Account on page 4.

Events after the Balance Sheet Date

No significant events occurred after the balance sheet date which require mention in this report.

Ms. Nathalia Borg Mr. Gabriel Saliba

President Financial Officer

Executive 2024/2025 Executive 2024/2025

Financial Reflections in a Year of Steady Growth

Financial Officer’s Report for the year ending 4^th May, 2025

The GUG continues to serve as the foremost voice of Gozitan students. During the financial year 2024–2025, we generated revenue through events, sponsorships, and memberships, with a total income of €31,552. Despite recording lower profits compared to the previous year, our investment in new initiatives marked a strategic shift toward long-term student engagement.

This year, we proudly introduced three new events: Tequila Tombla, Bingo Booze BBQ, and the GUG Football Tournament. While these required significant startup costs, they are expected to grow into annual fixtures that attract even greater participation in the future.

Our financial health remains sound. I am proud of what this team has accomplished and grateful to my fellow executive members and our many sponsors for their support. It has been a privilege to serve, and I trust the incoming executive will continue to expand GUG’s mission and impact.

Gabriel Saliba

Financial Officer

Executive 2024/2025

Income and Expenditure Account for year ending 4^th May 2025

Statement of Financial Position as at 4^th May 2025

Statement of Cash Flows for the year Ended 4^th May 2025

Notes

These financial statements are presented in accordance with local GAPSME
The financial year covers the period from 12th May 2024 to 4th May 2025.
These statements have been prepared on a going-concern basis.
The total number of registered members was 148, including 13 executive members.
Trade receivables represent unpaid sponsorships, particularly those following events such as Gozo Week.
Revenue from events includes income generated directly from activities, excluding sponsorships which are recorded separately.
Web hosting expenses include costs related to cloud storage, email services, and domain maintenance.
Donations represent charitable contributions made during the year, often linked to event proceeds.
The lower profit recorded this year is attributed to the launch of new events: Tequila Tombla, Bingo Booze BBQ, and the GUG Football Tournament. These are expected to grow into annual traditions with strong community appeal and future profitability.