How the union is financed
The Students Union is a not-for-profit unincorporated organisation. We’re a charity and have been registered since 2012.
How does that work?
To explain this a bit more, this means that all of the profits that we make from the union outlets such as the shops, LRV and Squeezebox are put straight back into the Union, which allows us to continue to run as a representative body for students and allow you to get the most out of your student experience. This includes everything from the creating new experiences and opportunities for you to grow and develop throughout your time at Staffs plus academic representation, sports clubs and societies, bars and shops, clubs nights, student campaigns, Welcome Week and so much more.
What does this mean?
We appreciate that some of the terminology might not mean a lot to some people, so we’re going to break this down for you.
This revenue come from food and drink in Ember Lounge, Verve, LRV, the Union shops on College Road and Leek Road, and tickets sales from events hosted by the Union.
This is from GreenPad. Green Pad was an experimental project that was set us by the Union to get a student lettings agency off the ground that promote sustainable living. Fortunately, following funding from the National Union of Students, it has been a success.
Because one of the Union's many jobs is to look after students’ academic representation, we also get a block grant off our pals at the University to help us keep ticking along and to better represent you.
On top of the block grant we receive in-kind support from the university, meaning we share the ownership of the union building and have free access to on-campus sports facilities for student groups for a proportionate amount of time.
This is money spent behind the scenes which keeps everything running from our trading and non-trading services. From trading services this includes staff wages, electricity and licenses to name a few. Non-trading services include HR, Marketing, Finance and GreenPad.
Cost of items to sell
Everything we sell in the bars and shops, from beer to notepads, needs to be purchased. This is the overall cost of how much we spend to provide you with these products to buy.