UNIVERSITY OF PORTSMOUTH STUDENTS UNION
Latest income
£1.7m
Latest spending
£1.6m
Registered
2010
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £108,559 for the year, driven by a £4,147 actuarial loss on its defined benefit pension scheme and an overall operational deficit of £26,437 against budget. Despite these losses, the trustees confirm the union has sufficient funds to meet all obligations, supported by a significant increase in block grant funding from the University of Portsmouth.
What the accounts disclose
Highest-paid employee band: £70,001 - £80,000 — above the median for charities its size (£70k)
“The average number of employees with emoluments (excluding employer pension contributions and employer National Insurance contributions) above £60,000 in this or the preceding year is as follows: 2025 1 £70,001 - £80,000” — page 29
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The average number of employees with emoluments (excluding employer pension contributions and employer National Insurance contributions) above £60,000 in this or the preceding year is as follows: 2025 1” — page 29
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £548k)
“The calculated minimum reserves is £246k. An additional balance of reserves are designated to be utilised for the development fund. This amount will be determined periodically by the board/committee. The amount available will not exceed the difference between the free reserves and the minimum reserves.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Remuneration paid to 7 elected officer trustees
“As authorised under section 6 of the Articles of Association, a total of £116,902 (2024: £96,563) was paid in remuneration to 7 (2024: 8) elected officer trustees.” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: University of Portsmouth
“The University of Portsmouth is, by virtue of the provisions of section 22 of the Education Act 1994, required to take all practical steps to ensure that the charity operates fairly and democratically and accounts for its finances. During the year under review, the charity received grants totalling £1,267,550 (2024: £1,267,560) from the University of Portsmouth.” — page 36
“A monthly management charge is made by the charity in respect of the operation and administration of this company. £118,615 (2024: £112,189) Annually the company pays their profit as a donation to the charity as per their deed of covenant agreement. £22,915 (2024: £79,429)” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Portsmouth Students' Union Trading Company Limited
“The University of Portsmouth is, by virtue of the provisions of section 22 of the Education Act 1994, required to take all practical steps to ensure that the charity operates fairly and democratically and accounts for its finances. During the year under review, the charity received grants totalling £1,267,550 (2024: £1,267,560) from the University of Portsmouth.” — page 36
“A monthly management charge is made by the charity in respect of the operation and administration of this company. £118,615 (2024: £112,189) Annually the company pays their profit as a donation to the charity as per their deed of covenant agreement. £22,915 (2024: £79,429)” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees
“The University of Portsmouth is, by virtue of the provisions of section 22 of the Education Act 1994, required to take all practical steps to ensure that the charity operates fairly and democratically and accounts for its finances. During the year under review, the charity received grants totalling £1,267,550 (2024: £1,267,560) from the University of Portsmouth.” — page 36
“A monthly management charge is made by the charity in respect of the operation and administration of this company. £118,615 (2024: £112,189) Annually the company pays their profit as a donation to the charity as per their deed of covenant agreement. £22,915 (2024: £79,429)” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £1.6m
“The charitable company does participate in a defined benefit scheme and at the date of this report the liability on this scheme was £1,579,763 which is repayable by annual instalments.” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Portsmouth Students' Union Trading Company Limited
“The Union’s trading company; Portsmouth Students’ Union Trading Company Ltd (PSUT) is a wholly owned trading subsidiary company of the Union, which generates commercial income to support the Union’s charitable objectives.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/07/2025)
Total income
£1.7m
Total spending
£1.6m
Cost of raising funds
£62k
Reserves (reported)
£548k
Employees
62
Trustees
- Alexander Hannan
- Elizabeth Boffey
- Fidelia Ulreen Fidel-Turay
- Ka Ki Dorothy Ku
- Maia Graham
- Raiyan Rahman
- Robert William Thrower
- Sarah Shaw
- Srini Sathish Kumar
- Tracy Smith
- Victor Audu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.7m | £1.6m |
| 31/07/2024 | £1.8m | £1.8m |
| 31/07/2023 | £2.0m | £1.8m |
| 31/07/2022 | £1.7m | £1.6m |
| 31/07/2021 | £1.4m | £1.4m |
Common questions
Is UNIVERSITY OF PORTSMOUTH STUDENTS UNION financially healthy?
The accounts state that the charity reported a net deficit of £108,559 for the year, driven by a £4,147 actuarial loss on its defined benefit pension scheme and an overall operational deficit of £26,437 against budget. Despite these losses, the trustees confirm the union has sufficient funds to meet all obligations, supported by a significant increase in block grant funding from the University of Portsmouth. Its FY2025 accounts were audited by MC Audit Limited.
What does the highest-paid employee of UNIVERSITY OF PORTSMOUTH STUDENTS UNION earn?
Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.