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STUDENTS' UNION ROYAL HOLLOWAY UNIVERSITY OF LONDON

Registered charity 1141998 · accounts filings on the Charity Commission register · also known as SURHUL

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Latest income
£6.9m
Latest spending
£7.0m
Registered
2011
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported an operating surplus of £82,027 on general funds, with total unrestricted reserves of £694,596 (General Fund £500,000 plus Unrestricted Designated Fund £194,596). The trustees confirmed sufficient resources to maintain cash flows and cover charitable activities, noting a strong balance sheet that fully covers future depreciation schedules. The organization relies primarily on a block grant from Royal Holloway University of London and trading income rather than fundraising.

What the accounts disclose

Reserves policy: annual budgeted net surplus from Trading Services (held: £695k)
“As such, the free reserve target is set at the annual budgeted net surplus from Trading Services. For 2022/23 the target balance was £470,000 as this was the budgeted contribution from Trading Services. The 2023/24 budgeted trading contribution is £10k and therefore the current reserves policy is no longer fit for purpose. The organisation commissioned a Strategic Review of the Commercial Services due to be completed before the end of the 2024 calendar year, and the Reserves Policy will be revised according to the findings and future direction of trading activities.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Union is in receipt of a recurrent grant from the University of £1,750,000 (2023: £1,440,000) Other grants from the University received in the year amounted to £Nil (2023: £15,528). Transactions throughout the year resulted in a trading balance as at 31 July 2024 of £nil (2023: £nil) due to the University and £26,072 (2023: £194,427) due from the University.
“The following are considered to be related parties for the reasons stated in the Trustees Report. The transactions with these related parties are set out below: Royal Holloway University of London The Union is in receipt of a recurrent grant from the University of £1,750,000 (2023: £1,440,000) Other grants from the University received in the year amounted to £Nil (2023: £15,528). Transactions throughout the year resulted in a trading balance as at 31 July 2024 of £nil (2023: £nil) due to the University and £26,072 (2023: £194,427) due from the University.” — page 45
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2024)

Total income
£6.9m
Total spending
£7.0m
Cost of raising funds
£30k
Reserves (reported)
£1.4m
Employees
54

Reported reserves equal ~2.4 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Surrey

Income and spending

Financial year endIncomeSpending
31/07/2024£6.9m£7.0m
31/07/2023£6.8m£6.9m
31/07/2022£6.4m£6.2m
31/07/2021£3.3m£3.6m
31/07/2020£5.9m£5.9m

Common questions

Is STUDENTS' UNION ROYAL HOLLOWAY UNIVERSITY OF LONDON financially healthy?

The accounts state that the charity reported an operating surplus of £82,027 on general funds, with total unrestricted reserves of £694,596 (General Fund £500,000 plus Unrestricted Designated Fund £194,596). The trustees confirmed sufficient resources to maintain cash flows and cover charitable activities, noting a strong balance sheet that fully covers future depreciation schedules. The organization relies primarily on a block grant from Royal Holloway University of London and trading income rather than fundraising. Its FY2024 accounts were audited by Crowe U.K. LLP.