NEWCASTLE UNIVERSITY STUDENTS' UNION

• ◆

  5 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. NEWCASTLE UNIVERSITY STUDENTS' UNION 2011-05-26 → present
2. THE UNION SOCIETY 2009-08-03 → 2011-05-26

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Given the financial position, as set out above, the Trustees of the Students' Union believe that it is appropriate to prepare the financial statements on a going concern basis. No material uncertainties have been identified for the 12-month period from approval of these financial statements.”

Group structure

1. NEWCASTLE UNIVERSITY STUDENTS' UNION · parent
   1. NUSU Trading Ltd 100% · England · operate certain commercial activities for the benefit of students

Significant events

• “The year, 2024-2025, has been one of change and reflection for the team of Officers and staff. Increasing costs due to inflation and external factors, coupled with declining income in some areas, resulted in NUSU having to reanalyse our finances to reduce our outgoings.”
• “In the summer term we celebrated our Centenary year with an exhibition which explored the Unions 100-year history, from the gifting of our striking building in 1925, to the many achievements of our students in more recent years.”
• “We focused on supporting students through assessment improvements, reducing costs, and building a stronger sense of academic community. We influenced changes to the academic calendar to ease pressure during the resit period.”
• “This year, we saw increased engagement with our Student Elections, our annual event where all students can cast their vote on who should be the new Officer Team.”
• “This year, over 600 students did just that, receiving a listening ear and signposting to further help when needed.”
• “StuBrew is a pioneering student-run sustainable microbrewery, where passion for great beer meets eco-conscious innovation.”
• “SciFair offers local secondary school students the opportunity to participate in science experiments, workshops, campus tours and design and present their own science projects in a university-led competition.”
• “N.E.S.T Schools is a three-year, £140,000 Newcastle City Council-funded project focused on supporting refugee and asylum-seeking students in local schools.”
• “In the past year, the Students' Union has significantly expanded its reach through robust media sales and engaging experiential marketing events. Our media sales initiatives, including digital advertising and promotional space, have generated substantial revenue.”
• “The Union's Luther's Bar has proven to be a significant success since opening in September 2023. This collaboration, only the second of its kind for Wetherspoons on a university campus, has been well-received by students.”
• “We're excited to report on our new dual-purpose retail space in the newly redeveloped Kings Gate ground floor. This Innovative Hub, featuring a Costa Express vending machine and a curated selection of university-branded merchandise will launch in the summer of 2025.”
• “In 2024-25, NUSU undertook a full pay review and restructure.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

19

last 12 months

Capital events

0

last 24 months

Officers appointed

9

last 12 months

Officers resigned

5

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -16.1%

  £5,246,000 → £4,401,000

• Cash

  +27.2%

  £1,177,000 → £1,497,000

• Net assets

  +0.4%

  £10,367,000 → £10,404,000

• Employees

  -5.7%

  194 → 183

• Wages

  -1.9%

  £2,628,000 → £2,577,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers