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GOLDSMITHS STUDENTS' UNION

Registered charity 1194727 · accounts filings on the Charity Commission register · also known as GSU · filing overdue (register status)

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Latest income
£3.1m
Latest spending
£3.1m
Registered
2021
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Union concluded the financial year with a net deficit of £63,583, resulting in free reserves of £198,909. Per the trustees' report, the Union remains financially stable and able to meet its obligations as they fall due, supported by strong commercial performance and secured income from its partner institution. However, the Trustees acknowledge that rising operational costs and static core grant funding pose risks to long-term sustainability without additional income or uplifted commercial returns.

What the accounts disclose

Reserves policy: three months of running costs (excluding rent charge) (held: £199k)
“The Finance Committee previously set a reserves policy which aims to hold reserves of £300k, the equivalent to three months of running costs (excluding rent charge) for the continuation of current activities within the medium term.” — page 32
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Sabbatical Officers (Trustees) received remuneration: Gammorah Britton-Gibson (£27,621), Luca Di Mambro-Moor (£1,979), Nour Matar (£27,621), Victoria Mu Zhen Chwa (£27,621), Isabelle Lily Tarran (£27,850), Shada Abdalqader (£1,841).
“During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity for their roles as Sabbatical Officers helping to run the day-to-day operations of the Union.” — page 51
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Goodman Jones LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/07/2024)

Total income
£3.1m
Total spending
£3.1m
Cost of raising funds
£801k
Reserves (reported)
£199k
Employees
47

Reported reserves equal ~0.8 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

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Trustees

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

Operates in: Lewisham

Income and spending

Financial year endIncomeSpending
31/07/2025——
31/07/2024£3.1m£3.1m
31/07/2023£2.9m£3.0m
31/07/2022£2.2m£2.0m

Common questions

Is GOLDSMITHS STUDENTS' UNION financially healthy?

The accounts state that the Union concluded the financial year with a net deficit of £63,583, resulting in free reserves of £198,909. Per the trustees' report, the Union remains financially stable and able to meet its obligations as they fall due, supported by strong commercial performance and secured income from its partner institution. However, the Trustees acknowledge that rising operational costs and static core grant funding pose risks to long-term sustainability without additional income or uplifted commercial returns. Its FY2024 accounts were audited by Goodman Jones LLP.