PRIFYSGOL ABERYSTWYTH
UNIVERSITYEDUCATIONRESEARCH
Objects
THE OBJECTS OF THE UNIVERSITY SHALL BE:1. TO ADVANCE LEARNING AND KNOWLEDGE BY TEACHING AND RESEARCH AND BY THE EXAMPLE AND INFLUENCE OF ITS CORPORATE LIFE;2. TO PROVIDE INSTRUCTION AND COURSES OF STUDY FOR THOSE SEEKING TO QUALIFY FOR DEGREES AND OTHER AWARDS OF THE UNIVERSITY, OR OF OTHER INSTITUTIONS, AND FOR OTHER PEOPLE;3. TO PROMOTE AND MAKE PROVISION FOR RESEARCH AND FOR THE ADVANCEMENT, DISSEMINATION, PRESERVATION AND APPLICATION OF KNOWLEDGE BY SUCH METHODS AS THE UNIVERSITY MAY DETERMINE;4. TO DEVELOP THE POTENTIAL OF THE STUDENTS OF THE UNIVERSITY AND PREPARE THEM FOR EMPLOYMENT;5. TO GIVE SPECIAL ATTENTION, ITSELF OR JOINTLY WITH OTHERS, TO THE EDUCATIONAL NEEDS OF WALES, HAVING REGARD TO THE WELSH LANGUAGE AND THE CULTURE, ECONOMIC DEVELOPMENT AND SOCIAL TRADITIONS OF WALES.
Financial health, per its FY2025 accounts
The accounts state that the University posted a financial deficit of £3.0 million for the year ended 31 July 2025, following a surplus of £30.0 million in the prior year. However, the underlying operational deficit was reduced to £2.4 million from £8.1 million in the previous year, and cash balances increased by £3.7 million to £9.5 million. The trustees report that the University has sufficient funds to continue meeting its liabilities as they fall due for at least 12 months from the date of approval, having secured a waiver on banking covenants due to timing differences in student receipts.
What the accounts disclose
“£205,001 to £210,000 1 -”
“The University runs a payroll service on behalf of AUPAS for which no administrative cost recharges are made. The Pension Scheme debtor during the year-end was £694,720 (2023-24 £585,597) which relates to PAYE payments made by Aberystwyth University on behalf of AUPAS during the year, which is now owed to the University.” — page 102
“Undeb Aberystwyth, the University’s Students’ Union, is a separate entity funded by the University by the provision of a grant. It is administered by elected student officers for the benefit of the students. The University’s grant amounted to £997,290 (2023-24 £861,250). Undeb Aberystwyth occupies premises owned by the University for which no rent is charged and received payroll services from the University for which no fee is charged. At the year-end the University owed it £72,393 (2023-24 £NIL).” — page 102
“The University runs a payroll service on behalf of AUPAS for which no administrative cost recharges are made. The Pension Scheme debtor during the year-end was £694,720 (2023-24 £585,597) which relates to PAYE payments made by Aberystwyth University on behalf of AUPAS during the year, which is now owed to the University.” — page 102
“Undeb Aberystwyth, the University’s Students’ Union, is a separate entity funded by the University by the provision of a grant. It is administered by elected student officers for the benefit of the students. The University’s grant amounted to £997,290 (2023-24 £861,250). Undeb Aberystwyth occupies premises owned by the University for which no rent is charged and received payroll services from the University for which no fee is charged. At the year-end the University owed it £72,393 (2023-24 £NIL).” — page 102
“The University runs a payroll service on behalf of AUPAS for which no administrative cost recharges are made. The Pension Scheme debtor during the year-end was £694,720 (2023-24 £585,597) which relates to PAYE payments made by Aberystwyth University on behalf of AUPAS during the year, which is now owed to the University.” — page 102
“Undeb Aberystwyth, the University’s Students’ Union, is a separate entity funded by the University by the provision of a grant. It is administered by elected student officers for the benefit of the students. The University’s grant amounted to £997,290 (2023-24 £861,250). Undeb Aberystwyth occupies premises owned by the University for which no rent is charged and received payroll services from the University for which no fee is charged. At the year-end the University owed it £72,393 (2023-24 £NIL).” — page 102
“The University runs a payroll service on behalf of AUPAS for which no administrative cost recharges are made. The Pension Scheme debtor during the year-end was £694,720 (2023-24 £585,597) which relates to PAYE payments made by Aberystwyth University on behalf of AUPAS during the year, which is now owed to the University.” — page 102
“Undeb Aberystwyth, the University’s Students’ Union, is a separate entity funded by the University by the provision of a grant. It is administered by elected student officers for the benefit of the students. The University’s grant amounted to £997,290 (2023-24 £861,250). Undeb Aberystwyth occupies premises owned by the University for which no rent is charged and received payroll services from the University for which no fee is charged. At the year-end the University owed it £72,393 (2023-24 £NIL).” — page 102
“The University’s Council is ultimately responsible for the University’s system of internal control and for reviewing its effectiveness. Such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives and will only provide reasonable – and not absolute – assurance against material misstatement or loss.” — page 48
“A review of governance effectiveness was commissioned by the Council during spring 2024. This was undertaken by Good Governance Improvement, with its final report presented to Council on October 2024. The Council applies an approach of continuous improvement to governance and institutional performance. The governance review included considerations such as academic governance and oversight, subsidiary governance, and ensuring the governance structure is fit for purpose. The review considered Gillian Camm’s independent review of Governance in Wales (‘A review of Governance in the Universities in Wales’) as a benchmark, and the recommendations reflected any ongoing work in relation to the Camm Review. Work has been underway during 2024-25 to implement the recommendations according to the schedule agreed by Council, and progress implementation reports are submitted to the Governance and Culture Committee biannually to monitor progress against the plan.” — page 47
“The University’s Council is ultimately responsible for the University’s system of internal control and for reviewing its effectiveness. Such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives and will only provide reasonable – and not absolute – assurance against material misstatement or loss.” — page 48
“A review of governance effectiveness was commissioned by the Council during spring 2024. This was undertaken by Good Governance Improvement, with its final report presented to Council on October 2024. The Council applies an approach of continuous improvement to governance and institutional performance. The governance review included considerations such as academic governance and oversight, subsidiary governance, and ensuring the governance structure is fit for purpose. The review considered Gillian Camm’s independent review of Governance in Wales (‘A review of Governance in the Universities in Wales’) as a benchmark, and the recommendations reflected any ongoing work in relation to the Camm Review. Work has been underway during 2024-25 to implement the recommendations according to the schedule agreed by Council, and progress implementation reports are submitted to the Governance and Culture Committee biannually to monitor progress against the plan.” — page 47
“The financial statements for the year ended 31 July 2025 consolidate the results of the University, along with Aberystwyth Innovation, Aber Trading Ltd and Aber Business Consultancy Ltd, all of which are subsidiary companies.” — page 37
Year-over-year changes
- Going concern: going-concern doubt noted (FY2024) → no going-concern doubt (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/07/2025
- Government income: £32,040,159 — contracts £159 (10), grants £32,040,000 (596); 25% of the £127,424,000 total gross income on the same return
- Employees paid over £60,000: 169 (£60,001–£70,000: 99; £70,001–£80,000: 42; £80,001–£90,000: 11; £90,001–£100,000: 4; £100,001–£110,000: 4; £110,001–£120,000: 2; £120,001–£130,000: 5; £130,001–£140,000: 1; £200,001–£250,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/07/2024
- Government income: £34,213,000 — contracts £374,000 (15), grants £33,839,000 (532); 27% of the £125,906,000 total gross income on the same return
- Employees paid over £60,000: 183 (£60,001–£70,000: 101; £70,001–£80,000: 45; £80,001–£90,000: 16; £90,001–£100,000: 6; £100,001–£110,000: 5; £110,001–£120,000: 5; £120,001–£130,000: 3; £130,001–£140,000: 1; £150,001–£200,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/07/2023
- Government income: £39,131,000 — contracts £419,000 (10), grants £38,712,000 (568); 30% of the £131,051,000 total gross income on the same return
- Employees paid over £60,000: 177 (£60,001–£70,000: 115; £70,001–£80,000: 25; £80,001–£90,000: 21; £90,001–£100,000: 4; £100,001–£110,000: 6; £110,001–£120,000: 3; £120,001–£130,000: 1; £130,001–£140,000: 1; £200,001–£250,000: 1)
- Has a trading subsidiary
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (11/07/2019)
- Received assets from another charity (15/06/2012)
Trustees
- Meri Huwschair
- Alan Edwin Henry Speight
- Alice Leroy
- Arwel Vaughan Thomas Mr
- Claire Marie Vaughan
- Daniel Piers Richards
- Dr Aloysius Igboekwu
- Dr Patrick Benedict Finney
- Gwenno Mair Roberts
- Kate Alice Eden
- Kylie Evans
- Mark Allan Tweed
- Paul Bevan PhD FCMI
- Professor Jonathan Timmis
- Professor Sarah Davies
- Rhuanedd Bethan Richards
- Yusuf Ibrahim
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £127.4m | £132.6m |
| 31/07/2024 | £125.9m | £99.9m |
| 31/07/2023 | £131.1m | £130.9m |
| 31/07/2022 | £122.4m | £150.7m |
| 31/07/2021 | £118.2m | £120.9m |
Common questions
Is PRIFYSGOL ABERYSTWYTH financially healthy?
Per its FY2025 accounts: The accounts state that the University posted a financial deficit of £3.0 million for the year ended 31 July 2025, following a surplus of £30.0 million in the prior year. However, the underlying operational deficit was reduced to £2.4 million from £8.1 million in the previous year, and cash balances increased by £3.7 million to £9.5 million. The trustees report that the University has sufficient funds to continue meeting its liabilities as they fall due for at least 12 months from the date of approval, having secured a waiver on banking covenants due to timing differences in student receipts. Its FY2025 accounts were audited by KPMG LLP.
What does the highest-paid employee of PRIFYSGOL ABERYSTWYTH earn?
Per its FY2025 accounts, the highest-paid employee was in the £205,001 - £210,000 band.
Who funds PRIFYSGOL ABERYSTWYTH?
Funders whose own accounts filings name PRIFYSGOL ABERYSTWYTH as a grant recipient include Y COLEG CYMRAEG CENEDLAETHOL, THE FOYLE FOUNDATION, WOODLAND HERITAGE LIMITED, THE ROYAL SOCIETY OF LONDON FOR IMPROVING NATURAL KNOWLEDGE (COMMONLY KNOWN AS THE ROYAL SOCIETY), THE ASSOCIATION OF JEWISH REFUGEES (AJR).
Shared trustees with funders
- Meri Huws — trustee here and at Y COLEG CYMRAEG CENEDLAETHOL
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 27/07/2023 | £500k | Veterans Legal Link |
| The National Lottery Heritage Fund | 06/12/2022 | £73k | "Aberetwm: Re-imagining Welsh history and legend for a sustainable and peaceful world" |
| The National Lottery Community Fund | 20/05/2021 | £270k | Young Voices in Old College |
| The National Lottery Community Fund | 23/07/2020 | £498k | Veterans Legal Link |
| The National Lottery Community Fund | 14/05/2020 | £100k | Covid-19 Dewis Choice |
| The National Lottery Heritage Fund | 30/01/2020 | £35k | "People's Voices in a People's War: Aberystwyth 1939-45:" |
| The National Lottery Community Fund | 25/01/2019 | £341k | Elder Abuse, Justice and the Voice of Older People |
| The National Lottery Heritage Fund | 27/10/2017 | £39k | "Aberystwyth at War: Experience, Impact, Legacy 1914-1919" |
| The National Lottery Heritage Fund | 25/04/2017 | £17.3m | "Bywyd Newydd i’r Hen Goleg / New Life for Old College" |
| The National Lottery Heritage Fund | 28/10/2016 | £10k | "'A 150m-year mystery solved?' Jurassic Heritage Exhibition at Old College with National Museum Wales" |
| The National Lottery Community Fund | 28/08/2016 | £5k | Veterans Legal Link (VLL) |
| The National Lottery Heritage Fund | 26/06/2015 | £10k | "Veterans Oral History Project" |
| The National Lottery Community Fund | 07/01/2015 | £890k | Elder Abuse and Justice |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FROEBEL TRUST | 2 | £84k |
| BRITISH UNIVERSITIES AND COLLEGES SPORT LIMITED | 2 | £31k |
| NORTH WEST CANCER RESEARCH (INCORPORATING CLATTERBRIDGE CANCER RESEARCH CCR) | 1 | £105k |
| NESTA | 1 | £80k |
| ARMED FORCES COVENANT FUND | 1 | £60k |
| THE FREELANDS FOUNDATION LIMITED | 1 | £50k |
| CULHAM ST GABRIEL'S TRUST | 1 | £46k |
| UBS UK Donor-Advised Foundation | 1 | £40k |
Charities like this
- PRIFYSGOL CYMRU / THE UNIVERSITY OF WALES
- COLEG SIR GAR
- UNIVERSITY OF SOUTH WALES/PRIFYSGOL DE CYMRU
- CANTERBURY CHRIST CHURCH UNIVERSITY
- UNIVERSITY OF CHESTER
- CARDIFF METROPOLITAN UNIVERSITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PRIFYSGOL ABERYSTWYTH | £127.4m | £205,001 - £210,000 | — | unclear | — | no doubt |
| PRIFYSGOL CYMRU / THE UNIVERSITY OF WALES | £2.7m | — | 1 | unclear | — | no doubt |
| COLEG SIR GAR | £51.9m | — | — | unclear | — | no doubt |
| UNIVERSITY OF SOUTH WALES/PRIFYSGOL DE CYMRU | £224.9m | — | — | unclear | — | no doubt |
| CANTERBURY CHRIST CHURCH UNIVERSITY | £353.8m | — | — | unclear | — | no doubt |
| UNIVERSITY OF CHESTER | £154.2m | — | — | above | — | no doubt |