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USWSU

Registered charity 1153572 · accounts filings on the Charity Commission register

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Latest income
£2.1m
Latest spending
£2.0m
Registered
2013
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net surplus of £97,606 for the period ended 31 July 2025, driven by a subvention grant from the University of South Wales. However, the charity holds negative unrestricted funds of £2,453,243, a position primarily attributable to a defined benefit pension scheme liability of £2,422,089. The trustees confirm that adequate resources are available to continue operating for at least 18 months, supported by ongoing University funding.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The Board has set an ideal level of reserves at between 2 - 3 months operating costs, amounting to approximately £318,500 - £477,500 based on 2025 expenditure levels. There are no free reserves at 31 July 2025.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Seven sabbatical trustees received remuneration totaling £92,492.
“There were seven trustees (2024: four) who received remuneration in the year totaling £92,492 (2024: £62,566).” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £2.4m
“In accordance with FRS 102, the net present value of the future contributions required over 13 years to clear the funding deficit is £2,422,089 (2023 - £2,584,738).” — page 5
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2025)

Total income
£2.1m
Total spending
£2.0m
Reserves (reported)
£0
Employees
136

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Cardiff · Newport City · Rhondda Cynon Taff

Income and spending

Financial year endIncomeSpending
31/07/2025£2.1m£2.0m
30/06/2024£2.3m£2.2m
30/06/2023£2.2m£2.1m
30/06/2022£2.5m£2.3m
30/06/2021£1.8m£1.3m

Common questions

Is USWSU financially healthy?

The accounts state that the charity reported a net surplus of £97,606 for the period ended 31 July 2025, driven by a subvention grant from the University of South Wales. However, the charity holds negative unrestricted funds of £2,453,243, a position primarily attributable to a defined benefit pension scheme liability of £2,422,089. The trustees confirm that adequate resources are available to continue operating for at least 18 months, supported by ongoing University funding. Its FY2025 accounts were audited by HaysMac LLP.