LANCASTER UNIVERSITY STUDENTS' UNION

Charity Number: 1172269
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The activities include (not exhaustive): * Education & Support : promoting the interests and welfare of students at LU and representing, supporting and advising students * Provides social , cultural, sporting and recreational activities e.g. clubs & societies, volunteering, campus events * Provides forums for discussions and debates for personal development of students

Income and expenditure

Data for financial year ending 31 July 2024

Total income:
£4,836,589

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Donations and legacies £1.72m
Charitable activities £135.75k
Other trading activities £2.98m
Investments £7.13k
Other £0

Total expenditure:
£5,002,528

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Raising funds £2.99m
Charitable activities £2.01m
Other £2.70k

£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 £3.00m
Charitable expenditure £2.01m

People

33 Employee(s)

10 Trustee(s)

2655 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 2

One or more of the employees were formerly trustees

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 another benefit.

What, who, how, where

What the charity does:
  • Education/training
  • Other Charitable Purposes
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Provides Other Finance
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Lancashire

Governance

Registration history:
  • 27 March 2017: Standard registration
  • 22 March 2018: Funds received from 1138622 LANCASTER UNIVERSITY STUDENTS' UNION
Organisation type:
Charitable company
Other names:

No other names

Company number:
10464111 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
  • 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 owns and/or leases 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

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Jack William Watson Chair 01 July 2023
None on record
Declan Myles Ricketts Trustee 10 January 2025
None on record
Rory Fredrick O' Ceallaigh Trustee 10 January 2025
None on record
Eleanor Liberty Smith Trustee 01 July 2024
None on record
Ariana Dell Trustee 12 January 2024
None on record
Harrison Stewart Trustee 03 October 2022
MORECAMBE BAY PARTNERSHIP
Received: On time
Michael Charles Leckie Trustee 01 June 2022
None on record
Richard Michael Soper Trustee 29 June 2021
None on record
David Philip Morris Trustee 29 June 2021
None on record
Amanda Chetwynd Trustee 07 September 2019
MIRADOR
Received: On time

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 £7.32m £5.98m £6.43m £6.47m £4.84m
Total expenditure £7.21m £6.18m £6.63m £6.30m £5.00m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £66.35k £21.08k N/A N/A N/A
Income - Donations and legacies £1.45m £1.14m £1.35m £1.68m £1.72m
Income - Other trading activities £5.76m £4.80m £4.93m £4.64m £2.98m
Income - Charitable activities £109.90k £43.87k £151.64k £136.83k £135.75k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £944 £56 £173 £4.51k £7.13k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.90m £1.56m £1.87m £1.94m £2.01m
Expenditure - Raising funds £5.29m £4.60m £4.73m £4.34m £2.99m
Expenditure - Governance £20.92k £27.58k £34.63k £31.63k £29.84k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £25.20k £22.15k £21.98k £27.48k £2.70k

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 £683.47k £593.82k £537.52k £508.45k £532.22k
Long-term investments £0 £0 £0 £0 £0
Other assets £2.24m £2.15m £1.94m £2.09m £1.72m
Defined benefit pension scheme asset or liability -£116.26k -£77.79k -£186.08k -£118.13k £0
Total liabilities £691.02k £739.35k £561.83k £583.03k £517.22k

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 17 January 2025 On Time
Accounts and TAR 31 July 2024 17 January 2025 On Time
Annual return 31 July 2023 04 February 2024 On Time
Accounts and TAR 31 July 2023 04 February 2024 On Time
Annual return 31 July 2022 01 February 2023 On Time
Accounts and TAR 31 July 2022 01 February 2023 On Time
Annual return 31 July 2021 22 March 2022 On Time
Accounts and TAR 31 July 2021 22 March 2022 On Time
Annual return 31 July 2020 30 April 2021 On Time
Accounts and TAR 31 July 2020 27 October 2020 On Time
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 04 NOV 2016 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 02 JAN 2023

Charitable objects

THE UNION'S OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT LANCASTER UNIVERSITY FOR THE PUBLIC BENEFIT BY: PROMOTING THE INTERESTS AND WELFARE OF STUDENTS AT LANCASTER UNIVERSITY DURING THEIR COURSE OF STUDY AND REPRESENTING, SUPPORTING AND ADVISING STUDENTS; BEING THE RECOGNISED REPRESENTATIVE CHANNEL BETWEEN STUDENTS AND LANCASTER UNIVERSITY 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. THE OBJECTS OF THE UNION SHALL BE PURSUED ONLY WITHIN ITS CONSTITUTION AND WITHIN THE LAW. NO UNION BODY OR OFFICER MAY ACT IN CONTRADICTION TO THIS.

Contact information

Address:
Lancaster University
Bowland College
Bailrigg
Lancaster
LA1 4YT
Phone:
01524592212
Email:
help@lancaster.co.uk
Website:

lancaster.su.co.uk