LOUGHBOROUGH STUDENTS' UNION

Charity number: 1183625
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Details of the policies, objectives and activities of Loughborough Students Union are outlined in the Trustees Report included in the year end Financial Statements. These statements are uploaded as a PDF to the charity Commission website.

Income and expenditure

Data for financial year ending 31 July 2023

Total income:
£8,250,610

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Donations and legacies £1.53m
Charitable activities £606.04k
Other trading activities £6.09m
Investments £30.35k
Other £0

Total expenditure:
£8,645,089

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Raising funds £4.79m
Charitable activities £3.85m
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 £4.79m
Charitable expenditure £3.85m

People

326 Employee(s)

15 Trustee(s)

1102 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£100k to £110k 1

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.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Leicestershire
  • Newham

Governance

Registration history:
  • 29 May 2019: Standard registration
  • 12 July 2021: Funds received from 1146696 LOUGHBOROUGH STUDENTS' UNION
Organisation type:
Charitable company
Other names:
  • LSU (Working name)
Company number:
12000783 Open in new window
Gift aid:
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 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

15 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Della Freeth Chair 01 August 2022
None on record
Rachael Alvey Trustee 01 August 2024
None on record
Atlas Alberich Trustee 01 August 2024
None on record
Jamshid Tavallali Trustee 01 August 2024
None on record
Franceca Suckling Trustee 01 August 2024
None on record
Jacob Smith Trustee 01 August 2024
None on record
James Simpson Trustee 01 August 2024
None on record
James Peat Trustee 01 August 2024
None on record
Grace Moseley Trustee 01 August 2024
None on record
Thomas Otter Trustee 01 August 2023
None on record
Mia Jackson Trustee 01 August 2023
None on record
Grace Moronfolu Trustee 20 June 2023
None on record
Colina Wright Trustee 01 August 2022
None on record
Emma-Louise Victoria Kilby-Brooks Trustee 01 August 2022
None on record
Richard Taylor Trustee 01 September 2019
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
Total gross income £8.75m £6.51m £9.15m £8.25m
Total expenditure £8.41m £6.68m £8.75m £8.65m
Income from government contracts N/A N/A N/A N/A
Income from government grants £752.00k £1.00m £81.24k N/A
Income - Donations and legacies £2.34m £2.66m £1.78m £1.53m
Income - Other trading activities £5.15m £2.88m £0 £6.09m
Income - Charitable activities £1.25m £626.83k £1.38m £606.04k
Income - Endowments £0 £0 £0 £0
Income - Investment £1.21k £19 £287 £30.35k
Income - Other £0 £332.02k £5.99m £0
Income - Legacies £2.34m £0 £0 £0
Expenditure - Charitable activities £4.18m £3.61m £4.42m £3.85m
Expenditure - Raising funds £4.23m £3.07m £4.32m £4.79m
Expenditure - Governance £19.00k £0 £32.75k £0
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.

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Asset / Liability 31/07/2020 31/07/2021 31/07/2022 31/07/2023
Own use assets £2.96m £3.55m £98.60k £118.07k
Long-term investments £0 £20.00k £20.00k £0
Other assets £1.28m £1.13m £4.77m £5.01m
Defined benefit pension scheme asset or liability -£4.72m -£4.58m -£3.86m -£4.05m
Total liabilities £625.68k £1.62m £1.47m £1.98m

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 2023 26 April 2024 On Time
Accounts and TAR 31 July 2023 10 May 2024 On Time Download Open in new window
Annual return 31 July 2022 14 April 2023 On Time
Accounts and TAR 31 July 2022 14 April 2023 On Time Download Open in new window
Annual return 31 July 2021 29 July 2022 59 days late
Accounts and TAR 31 July 2021 29 July 2022 59 days late Download Open in new window
Annual return 31 July 2020 30 March 2021 On Time
Accounts and TAR 31 July 2020 30 March 2021 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 16 MAY 2019 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 24 MAY 2019 as amended on 18 Jun 2024

Charitable objects

THE OBJECTS OF THE UNION ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT THE UNIVERSITY FOR THE PUBLIC BENEFIT BY: 1. ENRICHING AND ENHANCING THE EDUCATIONAL EXPERIENCE OF ITS MEMBERS AS PEOPLE AS WELL AS INTELLECTUALS; 2. PROVIDE OPPORTUNITIES FOR MEMBERS TO DEVELOP THEIR PERSONAL MATURITY, LEADERSHIP, AND COMMUNICATION AND OTHER SKILLS; 3. ACTING AS THE PRINCIPAL BODY REPRESENTING ITS MEMBERS' VIEWS AND INTERESTS WITHIN THEIR INSTITUTION, TO THE LOCAL COMMUNITY AND NATIONALLY; 4. ENHANCING THE STUDENT COMMUNITY AND STUDENT WELLBEING BY PROVIDING SOCIAL, CULTURAL, SPORTING AND RECREATIONAL ACTIVITIES, AND FORUMS FOR DISCUSSIONS AND DEBATE; 5. ENSURING THAT STUDENTS EXPERIENCING PROBLEMS WITH STUDENT LIFE CAN GET THE SUPPORT AND HELP THEY NEED, AND SEEKING TO MINIMISE THE LIKELIHOOD OF THE PROBLEMS OCCURRING.

Contact information

Address:
Loughborough Students Union
Ashby Road
Loughborough
LE11 3TT
Phone:
01509363180
Email:
suelucas@lsu.co.uk
Website:

https://www.lsu.co.uk/ Open in new window