THE MANCHESTER METROPOLITAN UNIVERSITY STUDENTS' UNION

Charity number: 1160225
Removed charity

Charity overview

Activities - how the charity spends its money

1) REPRESENTING STUDENT INTERESTS 2) COMMUNICATING ON STUDENT BEHALF WITH EXTERNAL BODIES; 3) PROMOTING STUDENT WELFARE AT MANCHESTER METROPOLITAN UNIVERSITY; 4) FACILITATING SOCIAL, RECREATIONAL, POLITICAL AND EDUCATIONAL INTERESTS OF MEMBERS, THROUGH SERVICES AND SUPPORT FOR MEMBERS 5) WORKING WITH OTHER STUDENTS' UNIONS AND AFFILIATED BODIES.

Income and expenditure

Data for financial year ending 31 July 2019

Total income:
£5,224,971

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Donations and legacies £2.47m
Charitable activities £9.30k
Other trading activities £2.74m
Investments £3.27k
Other £0

Total expenditure:
£4,881,486

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Raising funds £2.28m
Charitable activities £2.60m
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 £2.28m
Charitable expenditure £2.60m
Retained for future use £343.49k

Fundraising

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

Trading

This charity has one or more trading 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:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Cheshire East
  • Manchester City

Governance

Registration history:
  • 29 January 2015: Standard registration
  • 17 February 2021: Removed (Amalgamated)
  • 17 February 2021: Funds transferred to 1191269 THE UNION, MMU
Organisation type:
Other
Other names:
  • MMUNION (Working name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • 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 31/07/2015 31/07/2016 31/07/2017 31/07/2018 31/07/2019
Total gross income £4.24m £4.82m £4.88m £5.22m £5.22m
Total expenditure £4.09m £4.61m £6.06m £5.01m £4.88m
Income from government contracts £0 £0 £0 N/A N/A
Income from government grants £0 £0 £0 N/A N/A
Income - Donations and legacies £2.09m £2.28m £2.30m £2.52m £2.47m
Income - Other trading activities £2.09m £2.43m £2.48m £2.60m £2.74m
Income - Charitable activities £69.90k £100.04k £105.21k £103.43k £9.30k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £439 £441 £148 £1.90k £3.27k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £2.21m £2.55m £2.72m £2.84m £2.60m
Expenditure - Raising funds N/A £2.06m £2.08m £2.17m £2.28m
Expenditure - Governance £8.68k £14.69k £0 £0 £0
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £1.25m £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 31/07/2015 31/07/2016 31/07/2017 31/07/2018 31/07/2019
Own use assets £105.60k £74.92k £173.31k £116.47k £59.86k
Long-term investments £1.82k £1.83k £1.82k £1.82k £1.82k
Other assets £869.85k £810.79k £1.01m £1.28m £1.34m
Defined benefit pension scheme asset or liability £0 -£2.90m -£4.06m £0 £0
Total liabilities £458.01k £431.01k £752.10k £4.82m £4.47m

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 2020 Not submitted
Accounts and TAR 31 July 2020 Not submitted
Annual return 31 July 2019 30 January 2020 On Time
Accounts and TAR 31 July 2019 30 January 2020 On Time
Annual return 31 July 2018 04 June 2019 4 days late
Accounts and TAR 31 July 2018 04 June 2019 4 days late
Annual return 31 July 2017 21 May 2018 On Time
Accounts and TAR 31 July 2017 21 May 2018 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 29/11/2013

Charitable objects

MMU SU’S CHARITABLE OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT THE MANCHESTER METROPOLITAN UNIVERSITY FOR THE PUBLIC BENEFIT BY:- 1) PROVIDING OPPORTUNITIES FOR THE EXPRESSION OF STUDENT OPINION AND ACTIVELY REPRESENTING THE INTERESTS OF STUDENTS; 2) ACTING AS A CHANNEL OF COMMUNICATION IN DEALING WITH THE MANCHESTER METROPOLITAN UNIVERSITY AND OTHER EXTERNAL BODIES; 3) PROMOTING THE WELFARE OF STUDENTS AT THE MANCHESTER METROPOLITAN UNIVERSITY; 4) FACILITATING THE SOCIAL, RECREATIONAL, POLITICAL AND EDUCATIONAL INTERESTS OF ITS MEMBERS, THROUGH PROVIDING SERVICES AND SUPPORT FOR ITS MEMBERS; AND 5) WORKING WITH OTHER STUDENTS’ UNIONS AND AFFILIATED BODIES.