CARDIFF UNIVERSITY STUDENTS' UNION
Financial health, per its FY2023 accounts
The accounts state that the group reported a net deficit of £641,284 for the year ended 31 July 2023, driven by a restricted deficit of £541,390 and an unrestricted deficit of £99,894. Per the trustees' report, free reserves amounted to £1,746,590, which exceeds the stated policy target of £1.6m, and the trustees are satisfied that the Union has a sound financial base to continue to operate.
What the accounts disclose
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (03/02/2023)
Trustees
- Elizabeth Louise McKenzie
- Elizabeth Marie McLaughlin
- Elliot Lloyd Howells
- Henry William Whittaker
- Joshua Lloyd Tandy
- Lakshmi Ksheeraja Sikha
- Lucy Ann Miller
- Manal Aggour
- Margherita Puccinelli
- Owain Sion
- Sanjiv Vedi
- Sean Peter Strong
- Sian Davies
- Tiasha Roberts
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £14.0m | £13.1m |
| 31/07/2024 | £12.9m | £12.8m |
| 31/07/2023 | £12.4m | £12.6m |
| 31/07/2022 | £12.3m | £11.1m |
| 31/07/2021 | £6.0m | £6.0m |
Common questions
Is CARDIFF UNIVERSITY STUDENTS' UNION financially healthy?
The accounts state that the group reported a net deficit of £641,284 for the year ended 31 July 2023, driven by a restricted deficit of £541,390 and an unrestricted deficit of £99,894. Per the trustees' report, free reserves amounted to £1,746,590, which exceeds the stated policy target of £1.6m, and the trustees are satisfied that the Union has a sound financial base to continue to operate. Its FY2023 accounts were audited by MHA.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| QUINTIN HOGG TRUST | 1 | £540k |
| BRITISH UNIVERSITIES AND COLLEGES SPORT LIMITED | 1 | £296 |