UNIVERSITY OF SOUTHAMPTON STUDENTS' UNION
Financial health, per its FY2024 accounts
The accounts state that the charity operated a broadly balanced budget, resulting in a small overall deficit of £15,093 for the year ended 31 July 2024. Per the trustees' report, free unrestricted reserves stood at £759,061, which falls within the stated policy target range of £400,000 to £800,000. The trustees confirmed adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The total trustee remuneration for the year ended 31 July 2024 was £101,163 (2023: £114,989)” — page 26
“The Union is in receipt of a recurrent grant from the University of £3,280,996 (2023: £2,557,953) together with other grants of £Nil (2023: £329,367). Transactions throughout the year resulted in a trading balance as at 31 July 2024 of £124,757 (2023: £98,037) owed to the University.” — page 35
“The Union had transactions with the SUSU Social Enterprises Limited a 100% owned subsidiary of £61,678 (2023: £90,688) being gift aid payable, and as at 31 July 2024 the Union had a debtor balance of £485 (2023: £nil) owed by the subsidiary.” — page 35
“The Union is in receipt of a recurrent grant from the University of £3,280,996 (2023: £2,557,953) together with other grants of £Nil (2023: £329,367). Transactions throughout the year resulted in a trading balance as at 31 July 2024 of £124,757 (2023: £98,037) owed to the University.” — page 35
“The Union had transactions with the SUSU Social Enterprises Limited a 100% owned subsidiary of £61,678 (2023: £90,688) being gift aid payable, and as at 31 July 2024 the Union had a debtor balance of £485 (2023: £nil) owed by the subsidiary.” — page 35
“In accordance with FRS102, the net present value of the future contributions required over 8 years to clear the funding deficit is £491,515 (2023: £545,535).” — page 34
“The charity has a wholly owned non-charitable subsidiary, SUSU Social Enterprises Limited, which was incorporated to carry out the non-member trading activities of SUSU.” — page 5
Corporate structure
- Registered company of the charity Companies House 08034371
- Trading subsidiary: SUSU SOCIAL ENTERPRISES LTD Companies House 08837159
Leadership, per the charity’s website
- Sonia Cottrell — Chief Executive Officer
- Kirsten Wythe — Director-level
- Paul Davie — Director-level
- Chrissie Heaver — Director-level
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- James Andersonchair
- Bhupinder siran
- Giordano Orsini
- Joshua Samuel James Christian
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £7.6m | £7.7m |
| 31/07/2024 | £7.6m | £7.6m |
| 31/07/2023 | £6.8m | £7.1m |
| 31/07/2022 | £6.3m | £5.6m |
| 31/07/2021 | £3.6m | £3.6m |
Common questions
Is UNIVERSITY OF SOUTHAMPTON STUDENTS' UNION financially healthy?
The accounts state that the charity operated a broadly balanced budget, resulting in a small overall deficit of £15,093 for the year ended 31 July 2024. Per the trustees' report, free unrestricted reserves stood at £759,061, which falls within the stated policy target range of £400,000 to £800,000. The trustees confirmed adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Greaves & Withey Foundation | 1 | £100k |
| ENERGISE ME | 1 | £11k |
| BRITISH UNIVERSITIES AND COLLEGES SPORT LIMITED | 1 | £1k |