UNIVERSITY OF WOLVERHAMPTON STUDENTS’ UNION

Charity Number: 1136470
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To enhance the student experience and provide all the students of the University of Wolverhampton with opportunities to make the most of their time at the University. Core aims are: Help students acquire new skills and discover new experiences; demonstrate quality and value; Create social space for students; Support students; Listen to our members; Create a strong team; Be sustainable in every way

Income and expenditure

Data for financial year ending 31 July 2024

Total income:
£1,615,404

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Donations and legacies £1.52m
Charitable activities £8.23k
Other trading activities £78.22k
Investments £12.08k
Other £0

Total expenditure:
£1,633,165

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Raising funds £265.88k
Charitable activities £1.37m
Other £0

£0 investments gains (losses)

Total income includes £20,000 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £265.88k
Charitable expenditure £1.37m

People

61 Employee(s)

9 Trustee(s)

20 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Amateur Sport
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Staffordshire
  • Telford & Wrekin
  • Walsall
  • Wolverhampton

Governance

Registration history:
  • 18 June 2010: Standard registration
  • 19 April 2012: Funds received from 700558 STEVE BIKO EDUCATION TRUST
Organisation type:
Charitable company
Other names:

No other names

Company number:
07275807 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
David Charles Lambert Savage Trustee 23 January 2025
AGE UK BROMSGROVE REDDITCH AND WYRE FOREST
Received: On time
Jonathan Murray Trustee 23 January 2025
None on record
Phil Gravestock Trustee 23 January 2025
None on record
Dr Jonathan Shapiro Trustee 09 December 2024
None on record
Danny Walker Trustee 18 November 2024
None on record
Adeyemi Adebayo Trustee 01 July 2024
None on record
Opeyemi Adeyemi Trustee 03 July 2023
None on record
Yetunde Adedipe Trustee 03 July 2023
None on record
Oluwafunbi Babatunde Trustee 03 July 2023
None on record

Financial history

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Financial period end date

Income / Expenditure 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Total gross income £1.23m £1.20m £1.28m £1.38m £1.62m
Total expenditure £1.22m £1.13m £1.25m £1.27m £1.63m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A £20.00k
Income - Donations and legacies £1.14m £1.19m £1.21m £1.34m £1.52m
Income - Other trading activities £60.09k £8.04k £47.13k £24.23k £78.22k
Income - Charitable activities £24.81k £2.03k £14.77k £6.38k £8.23k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £2.28k £929 £697 £5.60k £12.08k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.10m £1.04m £1.11m £1.20m £1.37m
Expenditure - Raising funds £112.93k £90.31k £139.03k £69.60k £265.88k
Expenditure - Governance £0 £0 £0 £9.50k £10.05k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Own use assets £14.17k £8.96k £4.78k £11.46k £63.84k
Long-term investments £0 £0 £0 £0 £0
Other assets £382.84k £497.49k £478.76k £585.97k £498.67k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £78.20k £118.30k £68.82k £75.27k £58.12k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2024 20 December 2024 On Time
Accounts and TAR 31 July 2024 20 December 2024 On Time Download Open in new window
Annual return 31 July 2023 31 May 2024 On Time
Accounts and TAR 31 July 2023 31 May 2024 On Time Download Open in new window
Annual return 31 July 2022 28 April 2023 On Time
Accounts and TAR 31 July 2022 28 April 2023 On Time Download Open in new window
Annual return 31 July 2021 18 March 2022 On Time
Accounts and TAR 31 July 2021 18 March 2022 On Time Download Open in new window
Annual return 31 July 2020 12 February 2021 On Time
Accounts and TAR 31 July 2020 12 February 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 7 JUNE 2010 as amended on 17 May 2019 as amended on 17 May 2019

Charitable objects

THE OBJECTS OF THE UNION ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT THE UNIVERSITY OF WOLVERHAMPTON FOR THE PUBLIC BENEFIT BY: 4.1 PROMOTING THE INTERESTS AND WELFARE OF STUDENTS AT THE UNIVERSITY OF WOLVERHAMPTON DURING THEIR COURSE OF STUDY AND REPRESENTING, SUPPORTING AND ADVISING STUDENTS; 4.2 BEING THE RECOGNISED REPRESENTATIVE CHANNEL BETWEEN STUDENTS AND THE UNIVERSITY OF WOLVERHAMPTON AND ANY OTHER EXTERNAL BODIES; AND 4.3 PROVIDING SOCIAL, CULTURAL, SPORTING AND RECREATIONAL ACTIVITIES AND FORUMS FOR DISCUSSIONS AND DEBATE FOR THE PERSONAL DEVELOPMENT OF ITS STUDENTS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

WOLVERHAMPTON

Contact information

Address:
WULFRUNA STREET
WOLVERHAMPTON
WV1 1LY
Phone:
01902322021
Email:
INFO.WOLVESUNION@WLV.AC.UK
Website:

www.wolvesunion.org Open in new window