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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.

Latest accounts 

 

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.

Income:

Trading Services

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.

Consolidated Accounts

The Students Union has a seperate trading company for the area where it trades with none students (such as advertisers and landlords).
Staffordshire Students Union Enterprises Limited is wholly owned by the Students Union and any surplus made by the company is donated back to the charity.
The consolidated accounts pages show the combined activity of both the charity and the enterprise company. 

Block Grant

Because one of the Union's many jobs is to look after students’ academic representation, we also get a block grant off othe University to help us keep ticking along and to better represent you.

In-Kind Support

On top of the block grant we receive in-kind support from the university, meaning we show the value of having space and services provided, even though it isn't actual money. 

Expenditure:

Operational

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, and Finance.

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.

Previous Accounts