TEESSIDE UNIVERSITY STUDENTS' UNION

Charity Number: 1136875
Removed charity

Charity overview

Activities - how the charity spends its money

TUSU offers student social and study spaces, SU Student Support (academic, welfare, jobs), SU Activities, The Terrace venue and catering, The Hub venue, and SU Shop. Student Officers and Representatives sit on University bodies and meet with the local Council and other organisations. It has student opportunities for nearly 3,000 students in sport, activities and academic roles in the University.

Income and expenditure

Data for financial year ending 30 September 2022

Total income:
£3,049,706

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Donations and legacies £1.66m
Charitable activities £840.82k
Other trading activities £552.01k
Investments £204
Other £0

Total expenditure:
£2,980,086

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Raising funds £478.88k
Charitable activities £2.50m
Other £0

£0 investments gains (losses)

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.

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Raising funds and other expenditure £478.88k
Charitable expenditure £2.50m
Retained for future use £69.62k

Fundraising

This charity does not raise funds from the public

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Darlington
  • Durham
  • Hartlepool
  • Middlesbrough
  • North Yorkshire
  • Redcar And Cleveland
  • Stockton-on-tees

Governance

Registration history:
  • 14 July 2010: Standard registration
  • 04 August 2023: Removed (Transfer of funds)
  • 04 August 2023: Funds transferred to 1199285 TEESSIDE UNIVERSITY STUDENTS' UNION
Organisation type:
Other
Other names:
  • TUSU (Working name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/07/2018 31/07/2019 31/07/2020 31/07/2021 30/09/2022
Total gross income £3.43m £3.10m £2.71m £1.72m £3.05m
Total expenditure £3.60m £3.24m £2.76m £1.91m £2.98m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A £128.77k £248.18k N/A
Income - Donations and legacies £1.76m £1.49m £1.60m £1.57m £1.66m
Income - Other trading activities £355.90k £374.00k £292.75k £26.51k £552.01k
Income - Charitable activities £1.32m £1.23m £814.86k £124.52k £840.82k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £164 £1.52k £2.97k £633 £204
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £3.32m £2.96m £2.51m £1.88m £2.50m
Expenditure - Raising funds £286.67k £288.03k £255.29k £21.17k £478.88k
Expenditure - Governance £29.55k £32.38k £31.92k £33.18k £66.24k
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 31/07/2018 31/07/2019 31/07/2020 31/07/2021 30/09/2022
Own use assets £793.54k £581.47k £368.32k £153.64k £0
Long-term investments £0 £0 £0 £0 £0
Other assets £1.13m £1.19m £949.98k £924.73k £1.21m
Defined benefit pension scheme asset or liability -£1.65m -£1.60m -£2.41m -£2.31m -£2.08m
Total liabilities £797.94k £794.22k £399.61k £450.78k £692.01k

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 30 September 2022 28 March 2023 On Time
Accounts and TAR 30 September 2022 28 March 2023 On Time
Annual return 31 July 2021 30 November 2021 On Time
Accounts and TAR 31 July 2021 30 November 2021 On Time
Annual return 31 July 2020 04 May 2021 On Time
Accounts and TAR 31 July 2020 04 May 2021 On Time
Annual return 31 July 2019 28 May 2020 On Time
Accounts and TAR 31 July 2019 28 May 2020 On Time

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.

CONSTITUTION ADOPTED 07 MAY 2010 AS AMENDED ON 21 NOV 2017

Charitable objects

THE UNION'S OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT TEESSIDE UNIVERSITY FOR THE PUBLIC BENEFIT BY: 1. PROMOTING THE INTERESTS AND WELFARE OF STUDENTS AT TEESSIDE UNIVERSITY DURING THEIR COURSE OF STUDY AND REPRESENTING, SUPPORTING AND ADVISING STUDENTS; 2. BEING THE RECOGNISED REPRESENTATIVE CHANNEL BETWEEN STUDENTS AND TEESSIDE UNIVERSITY AND ANY OTHER EXTERNAL BODIES; AND 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.

TEESSIDE UNIVERSITY