As a registered charity and a company limited by guarantee, the Union is legally required to report its finances to the Charities Commission and Companies House each year.
The Union also has a trading subsidary company, SUSU Social Enterprises Ltd, for activity with non-students such as landlords via our Lettings Agency or external partners.
The Union's activity is broken down into four areas:
The Union is primarily funded by a grant from the University of Southampton and income generated from trading activities such as Bars, Business Development, Catering, Events and Retail.
The main areas of expenditure, after cost of sales for trading activity, are staffing and providing grant funding and support to our affiliated club and societies. In addition to this we also provide academic representation to our members and assorted support services.
As a charity the Union is also able to run specific fundraising events throughout the year in order to raise additional funds to support our charitable activities. These may include events such as the Freshers' and Graduation Balls as well as assorted other events. Fundraiser events will always be clearly highlighted as a fundraiser.