Ulster University Students' Union
Latest income
£2.9m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £2,632,107 at 31 July 2025, primarily driven by a defined benefit pension liability of £3,660,345. Per the trustees' report, unrestricted reserves stood at £855,480, and the charity remains dependent on block grant funding from Ulster University to continue operations.
What the accounts disclose
Highest-paid employee band: £70,001 - £80,000
“In the band £70,001 - £80,000” — page 25
Per FY2025 accounts as filed with CCNI.
Related-party transaction: The Union is financially dependent on Ulster University for funding and it is therefore regarded as a related party. The Union received £2,141,199 (2024 - £2,039,004) as a block grant in the year. At the year end the Union had a trade debtor balance of £nil (2024 - £6,054) owed by Ulster University and a trade creditor balance of £2,962 (2024 - £2,736) owed to Ulster University.
“The Union is financially dependent on Ulster University for funding and it is therefore regarded as a related party. The Union received £2,141,199 (2024 - £2,039,004) as a block grant in the year. At the year end the Union had a trade debtor balance of £nil (2024 - £6,054) owed by Ulster University and a trade creditor balance of £2,962 (2024 - £2,736) owed to Ulster University.” — page 32
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 1
“The number of employees whose annual remuneration was more than £60,000 is as follows: In the band £70,001 - £80,000” — page 25
Per FY2025 accounts as filed with CCNI.
Reserves policy: Reserves will be established to safeguard activity should funding not be available from the principal funding source. (held: £855k)
“Reserves will be established to safeguard activity should funding not be available from the principal funding source.” — page 6
Per FY2025 accounts as filed with CCNI.
Defined-benefit pension deficit: £3.7m
“The main reason for the deficit is the deficit funding commitment in relation to the Students’ Union Superannuation Scheme, which amounted to £3,660,345 at 31 July 2025”
Per FY2025 accounts as filed with CCNI.
Independent examiner: GMcG Belfast
Per FY2025 accounts as filed with CCNI.