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LANCASTER UNIVERSITY STUDENTS' UNION

Registered charity 1172269 · accounts filings on the Charity Commission register

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Latest income
£4.9m
Latest spending
£5.0m
Registered
2017
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the group reported a net deficit of £103,743 for the year, primarily due to losses in its trading subsidiary, LUSU Services Co. Despite this deficit, the group maintains free reserves of £975,686, which the trustees consider sufficient to meet their stated policy target range of £1.2 million for group free reserves.

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — above the median for charities its size (£70k)
“Three employees had employee benefits falling between £70,000 - £80,000 [2024 : 2 falling within £70,000 - £80,000].” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 3
“Three employees had employee benefits falling between £70,000 - £80,000 [2024 : 2 falling within £70,000 - £80,000].” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: Group free reserves in the range of £1.2million (held: £976k)
“The target level of Union free reserves is to be within the range of £800k-£850k and the target level of Group free reserves is to be in the range of £1.2million.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Officer Trustees are remunerated for their role as Officers. The Trustees did not receive any remuneration in their role as Trustees, although reasonable expenses are reimbursed.
“The Trustees did not receive any remuneration in their role as Trustees, although reasonable expenses are reimbursed. Officer Trustees as identified on pg. 4 are remunerated for their role as Officers of the Union.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: LUSU Services Company Limited, LUSU Housing Limited
“It owns two trading subsidiaries: LUSU Services Company Limited and LUSU Housing Limited, which help to provide services for our members and raise income.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

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

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

Total income
£4.9m
Total spending
£5.0m
Cost of raising funds
£2.9m
Reserves (reported)
£976k
Employees
34

Reported reserves equal ~2.3 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/07/2025£4.9m£5.0m
31/07/2024£4.8m£5.0m
31/07/2023£6.5m£6.3m
31/07/2022£6.4m£6.6m
31/07/2021£6.0m£6.2m

Common questions

Is LANCASTER UNIVERSITY STUDENTS' UNION financially healthy?

The accounts state that the group reported a net deficit of £103,743 for the year, primarily due to losses in its trading subsidiary, LUSU Services Co. Despite this deficit, the group maintains free reserves of £975,686, which the trustees consider sufficient to meet their stated policy target range of £1.2 million for group free reserves. Its FY2025 accounts were audited by Crowe U.K. LLP.

What does the highest-paid employee of LANCASTER UNIVERSITY STUDENTS' UNION earn?

Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 3 employees earned over £60,000.