SOUTH BANK STUDENTS' UNION LTD
Promoting the interests and welfare of Students at London South Bank University during their course of study and representing, supporting and advising Students as the channel between Students and the University Providing social, cultural, sporting and recreational activities and forums for discussions and debate for the personal development of its Students.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £98k for the year, with total income of £1,438k and expenditure of £1,340k. Net current assets increased to £601k, providing a sound margin of solvency where cash balances cover creditors by a factor of 8:1. However, total funds remain negative at £716k, primarily due to a significant pension deficit provision of £1,373k.
What the accounts disclose
“Donations and legacies income increased from £1,341k to £1,356k.” — page 48
“As a result of the above, the total funds have increased by £98k, from a negative £814k to a negative £716k.” — page 49
“We noted that there was no dual authorisation in place for bank payments. The CEO, Finance Manager and Finance Officer all have access to the bank and have the ability to make bank payments without secondary approval.”
“Provisions for liabilities represents the calculated deficit funding contributions the Union must make in respect of the SUSS scheme. This has decreased from £1,418k to £1,373k.” — page 49
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (27/01/2023)
Trustees
- Carl Tubbs
- Charlotte Rose Taylor
- Georgina Firmin
- Janine Braithwaite
- Jessica Alfert
- Khuzama Wardah
- Paul Kelly
- Sarah Eve Tucker
- Shah Md Emdadul Islam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.4m | £1.3m |
| 31/07/2024 | £1.4m | £1.3m |
| 31/07/2023 | £1.3m | £1.3m |
| 31/07/2022 | £1.3m | £1.3m |
Common questions
Is SOUTH BANK STUDENTS' UNION LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £98k for the year, with total income of £1,438k and expenditure of £1,340k. Net current assets increased to £601k, providing a sound margin of solvency where cash balances cover creditors by a factor of 8:1. However, total funds remain negative at £716k, primarily due to a significant pension deficit provision of £1,373k. Its FY2025 accounts were audited by Knox Cropper LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRITISH UNIVERSITIES AND COLLEGES SPORT LIMITED | 1 | £6k |
Charities like this
- LONDON SCHOOL OF ECONOMICS STUDENTS' UNION
- LONDON AND SOUTH EAST UNIVERSITY GROUP STUDENTS' UNION
- UNIVERSITY OF THE ARTS LONDON STUDENTS' UNION
- MIDDLESEX UNIVERSITY STUDENTS' UNION
- UNIVERSITY OF SOUTHAMPTON STUDENTS' UNION
- READING UNIVERSITY STUDENTS' UNION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOUTH BANK STUDENTS' UNION LTD | £1.4m | — | 0 | below | — | no doubt |
| LONDON SCHOOL OF ECONOMICS STUDENTS' UNION | £5.9m | — | 0 | unclear | — | no doubt |
| LONDON AND SOUTH EAST UNIVERSITY GROUP STUDENTS' UNION | £12.4m | — | — | unclear | — | no doubt |
| UNIVERSITY OF THE ARTS LONDON STUDENTS' UNION | £4.1m | £60,000 - £100,000 | 3 | above | — | no doubt |
| MIDDLESEX UNIVERSITY STUDENTS' UNION | £1.3m | £70,001 - £80,000 | 2 | above | — | no doubt |
| UNIVERSITY OF SOUTHAMPTON STUDENTS' UNION | £7.6m | — | — | below | — | no doubt |