UNIVERSITY OF BEDFORDSHIRE STUDENTS' UNION

Charity Number: 1151576
Removed charity

Charity overview

Activities - how the charity spends its money

The University of Bedfordshire Students' Union ("Beds SU") is a students' union within the meaning of the Education Act 1994. Beds SU is the recognised representative channel between Students and the University of Bedfordshire and provides educational, social, cultural, sporting and recreational activities and forums for discussions and debate for the personal development of its Students.

Income and expenditure

Data for financial year ending 31 August 2017

Total income:
£1,571,283

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £1.15m
Charitable activities £72.77k
Other trading activities £350.12k
Investments £137
Other £0

Total expenditure:
£1,502,255

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £973.71k
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.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £528.55k
Charitable expenditure £973.71k
Retained for future use £69.03k

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Recreation
  • Other Charitable Purposes
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Bedford
  • Buckinghamshire
  • Luton
  • Milton Keynes

Governance

Registration history:
  • 09 April 2013: Standard registration
  • 15 July 2018: Removed (Funds transferred (incor))
  • 15 July 2018: Funds transferred to 1173887 BEDS SU
Organisation type:
Other
Other names:
  • BEDS SU (Working name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
No information available

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 30/06/2014 30/06/2015 30/06/2016 31/08/2017
Total gross income £1.52m £1.53m £1.51m £1.57m
Total expenditure £1.52m £1.47m £1.53m £1.50m
Income from government contracts N/A £0 £0 £0
Income from government grants N/A £0 £0 £0
Income - Donations and legacies £1.07m £1.06m £1.07m £1.15m
Income - Other trading activities £287.07k £294.39k £299.00k £350.12k
Income - Charitable activities £162.76k £176.28k £135.86k £72.77k
Income - Endowments £0 £0 £0 £0
Income - Investment £134 £330 £455 £137
Income - Other £2.74k £1.40k £0 £0
Income - Legacies £0 £0 £0 £0
Expenditure - Charitable activities £997.03k £939.98k £961.68k £973.71k
Expenditure - Raising funds N/A N/A £570.27k £528.55k
Expenditure - Governance £10.00k £10.00k £0 £4.90k
Expenditure - Grants institution £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0
Expenditure - Other £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.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 30/06/2014 30/06/2015 30/06/2016 31/08/2017
Own use assets £22.04k £3.27k £7.96k £39.59k
Long-term investments £0 £0 £0 £0
Other assets £261.84k £329.11k £301.06k £369.01k
Defined benefit pension scheme asset or liability £0 £0 -£312.99k -£438.18k
Total liabilities £144.96k £133.04k £139.24k £169.80k

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 August 2017 31 May 2018 On Time
Accounts and TAR 31 August 2017 31 May 2018 On Time
Annual return 30 June 2016 25 April 2017 On Time
Accounts and TAR 30 June 2016 25 April 2017 On Time
Annual return 30 June 2015 25 April 2016 On Time
Accounts and TAR 30 June 2015 25 April 2016 On Time
Annual return 30 June 2014 30 April 2015 On Time
Accounts and TAR 30 June 2014 25 March 2015 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 20 JAN 2012 AS AMENDED ON 15/05/2014

Charitable objects

THE UNIONS OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT THE UNIVERSITY OF BEDFORDSHIRE FOR THE PUBLIC BENEFIT BY: - PROMOTING THE INTERESTS AND WELFARE OF STUDENTS AT THE UNIVERSITY OF BEDFORDSHIRE DURING THEIR COURSE OF STUDY AND REPRESENTING, SUPPORTING AND ADVISING STUDENTS; - BEING THE RECOGNISED REPRESENTATIVE CHANNEL BETWEEN STUDENTS AND THE UNIVERSITY OF BEDFORDSHIRE AND ANY OTHER EXTERNAL BODIES; AND PROVIDING SOCIAL, CULTURAL, SPORTING AND RECREATIONAL ACTIVITIES AND FORUMS FOR DISCUSSIONS AND DEBATE FOR THE PERSONAL DEVELOPMENT OF ITS STUDENTS. FULL SERVICES ARE AVAILABLE AT LUTON AND BEDFORD CAMPUS. SERVICES AT OTHER SITES ARE VARIABLE, BUT BEDS SU DOES ENDEAVOUR TO PROVIDE A RANGE OF APPROPRIATE SERVICES TO STUDENTS DEPENDANT ON THEIR LOCATION.