University of Lancashire Students' Union
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £110,853 for the year ended 31 July 2025, driven by a significant pension discount unwinding gain. However, the charity holds negative unrestricted reserves of £85,439 and relies on ongoing financial and non-monetary support from the University of Central Lancashire to maintain its operations.
What the accounts disclose
“The Trustees monitor free reserves to ensure the Union has sufficient funds to meet any unexpected liabilities and to allow it to develop activities and operations in line with the strategy for the benefit of students. At the year end these stood at £85K in deficit.” — page 19
“The Elected Officers receive remuneration for their services as provided for within the Articles of Association. The aggregate amount payable under such contracts in the year was £88,012 (2024: £81,729).” — page 45
“A liability of £915,275 (2024: £1,222,533) has been recognised for University of Lancashire SU, representing the present value of the additional contributions payable between the year-end and January 2034” — page 45
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Arjun Uresh Kumar
- Camilla Ashlie Duncan
- Danielle Beckett
- David Wai Yip LO
- Laura Mae Kenny
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £2.9m | £3.0m |
| 31/07/2024 | £2.8m | £2.8m |
| 31/07/2023 | £2.7m | £2.7m |
| 31/07/2022 | £2.5m | £2.3m |
| 31/07/2021 | £2.2m | £2.2m |
Common questions
Is University of Lancashire Students' Union financially healthy?
The accounts state that the charity reported a net surplus of £110,853 for the year ended 31 July 2025, driven by a significant pension discount unwinding gain. However, the charity holds negative unrestricted reserves of £85,439 and relies on ongoing financial and non-monetary support from the University of Central Lancashire to maintain its operations. Its FY2025 accounts were audited by DJH Audit Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 09/09/2015 | £50k | "The Diffusion of Useful Knowledge - UCLan Through the Ages" |