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STUDENT UNION LETTINGS LIMITED

Registered charity 1149922 · accounts filings on the Charity Commission register · also known as SU LETS

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Latest income
£1.8m
Latest spending
£1.5m
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £249,041 for the year ended 30 June 2024, with total unrestricted funds carried forward amounting to £2,069,938. The trustees confirm that the company has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding going concern. The charity holds an investment reserve of £1,324,882, which is held in short-term interest-bearing bank accounts.

What the accounts disclose

Highest-paid employee band: £90,001 - £100,000 — in the top quarter for charities its size (median £70k)
“In the band £90,001 - £100,000” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: 4 months operating costs plus the cost of redundancy payments for staff (held: £2.1m)
“The Board reviews the risks to the business at least annually and has decided Sulets should hold 4 months operating costs plus the cost of redundancy payments for staff as a general operating reserve.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Company has rented office space from De Montfort Students Union during the year at a cost of £20,000 (2023: £20,000). The Company also paid £10,000 (2023: £10,000) in advertising to De Montfort Students Union.
“The Company has rented office space from De Montfort Students Union during the year at a cost of £20,000 (2023: £20,000). The Company also paid £10,000 (2023: £10,000) in advertising to De Montfort Students Union.” — page 34
“The Company also paid £18,049 (2023: £13,633) for advertising expenses to The University of Leicester Students’ Union.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Company also paid £18,049 (2023: £13,633) for advertising expenses to The University of Leicester Students’ Union.
“The Company has rented office space from De Montfort Students Union during the year at a cost of £20,000 (2023: £20,000). The Company also paid £10,000 (2023: £10,000) in advertising to De Montfort Students Union.” — page 34
“The Company also paid £18,049 (2023: £13,633) for advertising expenses to The University of Leicester Students’ Union.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 30/06/2025)

Total income
£1.8m
Total spending
£1.5m
Reserves (reported)
£2.4m
Employees
11

Reported reserves equal ~18.5 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Leicester City

Income and spending

Financial year endIncomeSpending
30/06/2025£1.8m£1.5m
30/06/2024£1.7m£1.5m
30/06/2023£1.5m£1.3m
30/06/2022£1.5m£1.3m
30/06/2021£1.9m£1.7m

Common questions

Is STUDENT UNION LETTINGS LIMITED financially healthy?

The accounts state that the charity reported a surplus of £249,041 for the year ended 30 June 2024, with total unrestricted funds carried forward amounting to £2,069,938. The trustees confirm that the company has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding going concern. The charity holds an investment reserve of £1,324,882, which is held in short-term interest-bearing bank accounts. Its FY2024 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of STUDENT UNION LETTINGS LIMITED earn?

Per its FY2024 accounts, the highest-paid employee was in the £90,001 - £100,000 band.