GOLDSMITHS STUDENTS' UNION

Charity number: 1151581
Removed charity

Charity overview

Activities - how the charity spends its money

OUR ACTIVITIES INCLUDE THE FOLLOWING SERVICE PROVISION TO OUR STUDENTS; ACADEMIC AND NON ACADEMIC REPRESENTATION, WELFARE, SPORTING CLUBS & CULTURAL SOCIETIES, VOLUNTEERING, SKILLS DEVELOPMENT,CAMPAIGNING, SOCIAL ACTIVITIES AND ENTERTAINMENTS, MEDIA, FUNDRAISING, EMPLOYMENT, ACCOMMODATION, SAFETY TRANSPORT, NURSERY, SUSTAINABILITY INITIATIVES, EQUALITY AND LIBERATION INITIATIVES, EMPLOYABILITY.

Income and expenditure

Data for financial year ending 31 July 2020

Total income:
£2,744,654

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Donations and legacies £1.58m
Charitable activities £668.05k
Other trading activities £297.67k
Investments £0
Other £201.21k

Total expenditure:
£2,728,865

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Raising funds £487.76k
Charitable activities £2.24m
Other £0

£0 investments gains (losses)

Total income includes £201,207 from 4 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.

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Raising funds and other expenditure £487.76k
Charitable expenditure £2.24m
Retained for future use £15.79k

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for another benefit.

What, who, how, where

What the charity does:
  • Education/training
  • Amateur Sport
  • Recreation
Who the charity helps:
  • Children/young People
  • Other Defined Groups
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Lewisham

Governance

Registration history:
  • 10 April 2013: Standard registration
  • 23 November 2021: Removed (Amalgamated)
  • 23 November 2021: Funds transferred to 1194727 GOLDSMITHS STUDENTS' UNION
Organisation type:
Other
Other names:
  • GSU (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 does not own and/or lease land or property

Financial history

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Financial period end date

Income / Expenditure 31/07/2016 31/07/2017 31/07/2018 31/07/2019 31/07/2020
Total gross income £2.20m £2.13m £2.83m £2.87m £2.74m
Total expenditure £2.29m £2.35m £2.82m £2.83m £2.73m
Income from government contracts £0 £0 N/A N/A N/A
Income from government grants £0 £0 N/A N/A £201.21k
Income - Donations and legacies £1.39m £1.22m £1.65m £1.52m £1.58m
Income - Other trading activities £333.05k £377.50k £399.22k £419.48k £297.67k
Income - Charitable activities £476.41k £525.21k £777.54k £928.23k £668.05k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £181 £1.37k £3 £0 £0
Income - Other £0 £0 £0 £0 £201.21k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.88m £1.93m £2.31m £2.35m £2.24m
Expenditure - Raising funds £412.03k £416.26k £505.70k £477.04k £487.76k
Expenditure - Governance £75.54k £0 £12.40k £0 £0
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 31/07/2016 31/07/2017 31/07/2018 31/07/2019 31/07/2020
Own use assets £17.17k £18.62k £28.29k £41.28k £38.79k
Long-term investments £0 £0 £0 £0 £0
Other assets £475.64k £274.15k £203.17k £267.38k £274.26k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £190.78k £213.21k £141.96k £181.85k £170.46k

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 2021 Not submitted
Accounts and TAR 31 July 2021 Not submitted
Annual return 31 July 2020 28 May 2021 On Time
Accounts and TAR 31 July 2020 28 May 2021 On Time
Annual return 31 July 2019 06 May 2020 On Time
Accounts and TAR 31 July 2019 06 May 2020 On Time
Annual return 31 July 2018 11 February 2019 On Time
Accounts and TAR 31 July 2018 11 February 2019 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 23 MAR 2007

Charitable objects

7. THE UNIONS CHARITABLE OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT GOLDSMITHS COLLEGE FOR THE PUBLIC BENEFIT BY: 7.1 PROVIDING OPPORTUNITIES FOR THE EXPRESSION OF STUDENT OPINION AND ACTIVELY REPRESENTING THE INTEREST OF STUDENTS; 7.2 ACTING AS A CHANNEL OF COMMUNICATION IN DEALING WITH GOLDSMITHS COLLEGE AND OTHER EXTERNAL BODIES; 7.3 PROMOTING THE WELFARE OF STUDENTS AT GOLDSMITHS COLLEGE; 7.4 FACILITATING THE SOCIAL, RECREATIONAL AND EDUCATIONAL INTERESTS OF ITS MEMBERSHIP, THROUGH PROVIDING SERVICES AND SUPPORT FOR ITS MEMBERS; AND 7.5 WORKING WITH OTHER STUDENTS UNIONS AND AFFILIATED BODIES.