SOLENT STUDENTS' UNION

Charity Number: 1153350
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

THE UNION'S OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT SOUTHAMPTON SOLENT UNIVERSITY FOR THE PUBLIC BENEFIT BY: PROMOTING THEIR INTERESTS AND WELFARE, PROVIDING REPRESENTATION, ADVICE AND ASSISTANCE, PROVIDING SOCIAL, CULTURAL, SPORTING AND RECREATIONAL ACTIVITIES, PROVIDING FORUMS FOR DISCUSSION AND DEBATE FOR THEIR PERSONAL BENEFIT

Income and expenditure

Data for financial year ending 31 July 2024

Total income:
£690,296

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Donations and legacies £607.82k
Charitable activities £18.97k
Other trading activities £58.25k
Investments £5.26k
Other £0

Total expenditure:
£727,734

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Raising funds £111.51k
Charitable activities £616.23k
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 £111.51k
Charitable expenditure £616.23k

People

15 Employee(s)

9 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

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:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Hampshire

Governance

Registration history:
  • 12 August 2013: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
08619653 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 does not own and/or lease 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
Philip James Kloppenborg Trustee 19 November 2024
None on record
Mohandas Jeyakumar Trustee 19 November 2024
None on record
Daniel Feist Trustee 19 November 2024
None on record
Syed Hossain Trustee 17 June 2024
None on record
Chinmaykumar Darji Trustee 17 June 2024
None on record
Sanidhya Shetty Trustee 17 June 2024
None on record
Noah Forde Trustee 09 June 2023
None on record
Mihaela Spirova Trustee 15 November 2022
None on record
Stephen John Carter Trustee 14 October 2021
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 £674.12k £597.23k £660.24k £628.55k £690.30k
Total expenditure £651.52k £516.90k £608.34k £695.82k £727.73k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A £7.00k N/A
Income - Donations and legacies £577.14k £554.85k £596.95k £574.75k £607.82k
Income - Other trading activities £88.40k £39.82k £53.85k £46.70k £58.25k
Income - Charitable activities £7.30k £1.43k £5.56k £4.26k £18.97k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.28k £1.14k £375 £2.85k £5.26k
Income - Other £0 £0 £3.51k £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £576.83k £465.33k £561.88k £582.09k £616.23k
Expenditure - Raising funds £74.69k £51.56k £46.47k £113.74k £111.51k
Expenditure - Governance £13.14k £9.81k £10.65k £11.07k £143.64k
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 £2.09k £683 £1.56k £13.50k £27.41k
Long-term investments £0 £0 £1 £0 £0
Other assets £640.71k £684.58k £686.98k £623.27k £572.98k
Defined benefit pension scheme asset or liability -£359.53k -£334.56k -£297.47k -£371.19k -£352.24k
Total liabilities £78.47k £65.56k £54.02k £53.88k £73.88k

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 29 November 2024 On Time
Accounts and TAR 31 July 2024 29 November 2024 On Time Download Open in new window
Annual return 31 July 2023 28 November 2023 On Time
Accounts and TAR 31 July 2023 28 November 2023 On Time Download Open in new window
Annual return 31 July 2022 31 January 2023 On Time
Accounts and TAR 31 July 2022 31 January 2023 On Time Download Open in new window
Annual return 31 July 2021 23 February 2022 On Time
Accounts and TAR 31 July 2021 23 February 2022 On Time Download Open in new window
Annual return 31 July 2020 15 December 2020 On Time
Accounts and TAR 31 July 2020 15 December 2020 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 INCORPORATED 22/07/2013 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 03/12/2013 as amended on 12 Mar 2020

Charitable objects

THE UNIONS OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT SOUTHAMPTON SOLENT UNIVERSITY FOR THE PUBLIC BENEFIT BY: - PROMOTING THE INTERESTS AND WELFARE OF STUDENTS AT SOUTHAMPTON SOLENT UNIVERSITY DURING THEIR COURSE OF STUDY; - PROVIDING REPRESENTATION, ADVICE AND ASSISTANCE TO STUDENTS ON MATTERS AFFECTING THEIR WELFARE AND INTERESTS AS STUDENTS; - PROVIDING SOCIAL, CULTURAL, SPORTING AND RECREATIONAL ACTIVITIES AND FORUMS FOR DISCUSSIONS AND DEBATE FOR THE PERSONAL DEVELOPMENT OF ITS STUDENTS; - BEING THE RECOGNISED REPRESENTATIVE CHANNEL BETWEEN STUDENTS AND SOUTHAMPTON SOLENT UNIVERSITY AND ANY OTHER EXTERNAL BODIES; AND - PROMOTING AND ENCOURAGING CONTACT AND COOPERATION BETWEEN STUDENTS IN ALL MATTERS AFFECTING THEIR INTERESTS AS STUDENTS WITHOUT REGARD TO ETHNIC ORIGIN, NATIONALITY, GENDER, SEXUAL ORIENTATION, RELIGION, DISABILITY OR AGE.

Contact information

Address:
SOLENT STUDENTS' UNION
EAST PARK TERRACE
SOUTHAMPTON
SO14 0YN
Phone:
02380319873
Email:
SUPRESIDENT@SOLENT.AC.UK
Website:

www.solentsu.co.uk Open in new window