UNIVERSITY OF SUSSEX STUDENTS' UNION
Financial health, per its FY2025 accounts
The accounts state that the union reported a net expenditure of £114,542 for the year, resulting in a decrease in total reserves from £739,633 to £625,091. Per the trustees' report, unrestricted funds stood at £385,703, which is above the stated reserves policy target of £374,000. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The number of employees’ whole benefits (excluding employer pension costs) exceeded £60,000 was 1 (2024: 1).” — page 41
“The reserves level of unrestricted funds is set at £374,000, with an absolute operating minimum set at £137,000.” — page 10
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Ella Goodchild
- Frances McEntee
- Jason Lenz
- Lydia Knowles
- Samuel Kilgour
- Thomas Mitchell
- Xiaolei Xu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £6.5m | £6.6m |
| 31/07/2024 | £6.7m | £6.7m |
| 31/07/2023 | £6.3m | £6.4m |
| 31/07/2022 | £5.4m | £5.5m |
| 31/07/2021 | £3.7m | £3.5m |
Common questions
Is UNIVERSITY OF SUSSEX STUDENTS' UNION financially healthy?
The accounts state that the union reported a net expenditure of £114,542 for the year, resulting in a decrease in total reserves from £739,633 to £625,091. Per the trustees' report, unrestricted funds stood at £385,703, which is above the stated reserves policy target of £374,000. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by TC Group.