Finance Score: -5
Governance Score: 5
Support Score: 3
  • Low unrestricted reserves: -2
  • Pension deficit: -1
  • Multiple Deficits: -2
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Gender balanced board: +3
  • Overall weighted support: +3
Overall GiG Score: 3 ?

IMPERIAL COLLEGE UNION

Imperial College Union prepares its members to be tomorrow's leaders, by defending and enhancing the student experience at Imperial, through the provision of innovation services, representation and activities.
Analysis by Giving is Great

Positives:

  • The charity has received modest backing from a grant maker recently
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return
  • One or more trustees receive benefits from the charity
  • Why are there 16 trustees whereas the Charities Commission recommends a maximum of 12?
  • Over half the Board have joined recently

Financial issues to consider:

  • Unrestricted reserves appear to be dangerously low at the latest year end
  • There is a pension deficit of £288,488
  • On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/07/23£10,410£10,267£143£0£2,657£7430.9492,000
31/07/22£9,540£9,755£-215£0£2,514£1920.2432,000
31/07/21£5,546£8,494£-2,948£0£2,729£6700.9612,000
31/07/20£8,334£9,044£-709£0£5,654£1,7852.41492,000
31/07/19£9,994£10,554£-560£0£6,418£2,5842.9622,781
31/07/18*£9,606£9,430£176£0£6,885£2,9483.8640
31/07/17£9,179£9,145£34£0£6,708£2,9183.8610
31/07/16£8,491£8,850£-360£0£6,665£2,7743.81940
31/07/15£8,159£7,861£297£49£7,114£2,8314.3540
31/07/14£7,211£7,164£48£35£6,816£2,6364.4520

Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 17%
Liabilities/Income: 6%
Unrestricted Funds/Total Funds: 28%
Reserves/Spending: 0.9 months
Net Current Assets/Spending: 3 months
Quick Ratio: 4.8
Asset Split ?
Balance Sheet History
Established: 12 years

https://www.imperialcollegeunion.org

ICU.BOARD@IMPERIAL.AC.UK

02075948060

Charity Commission for England and WalesFacebookInstagramX
UN SDGs
?
Listed activities
  • Amateur Sport
  • Education/Training
  • Recreation
GiG Classification
  • Social youth organisations
How it operates
  • Provides advocacy/advice/information
  • Provides buildings/facilities/open space
  • Provides services
Where it operates
  • City Of Westminster, Hammersmith And Fulham, Hillingdon, Windsor And Maidenhead,
Who it helps
  • Other Defined Groups

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations
Amount When
Months
To be used for
The Grocers' Charity - 2024 Education - Imperial College London
£15,000 20/10/2023
Bursary
The Grocers' Charity - 2023 Education - Imperial College London
£15,000 21/10/2022
Bursary
The Grocers' Charity - 2022-Imperial College London
£11,250 22/10/2021
Bursary

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (16)
Current Trustees appointed
Gender Split
Based on 13/16 persons

  • AMANDINE BEAUGE Appointed: 2024
  • ANTHEA ERYN MACINTOSH-LAROCQUE Appointed: 2023
  • CAMILLE BOUTROLLE Appointed: 2023
  • CHIN WAI STEPHANIE YEUNG Appointed: 2023
  • CHRISTIAN DAVID COOPER Appointed: 2023
  • EDWARD RICHARD BIRD Appointed: 2024
  • GENEVIEVE LANDRICOMBE Appointed: 2022
  • JANE COULSON Appointed: 2022
  • MARIA-EMINA HOGAS Appointed: 2024
  • MONICA YI JIN YANG Appointed: 2024
  • NICHOLAS JAMES MARLEY Appointed: 2024
  • NICOLAS OLIVER HENRY Appointed: 2024
  • PHIL POWER Appointed: 2019
  • PROFESSOR DOROTHY GRIFFITHS Appointed: 2017
  • PROFESSOR STEPHEN MICHAEL RICHARDSON (Chair) Appointed: 2020
  • YI YANG Appointed: 2023
Legal constitution
  • Charity registered in England & Wales on 14/03/2013, number: 1151241
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
10 returns made; AR18: 40 days late,
Main office

IMPERIAL COLLEGE
BEIT HALL
PRINCE CONSORT ROAD
LONDON
SW7 2BB

Objectives

THE UNION'S OBJECTS ARE THE ADVANCEMENT OF EDUCATION OF STUDENTS AT IMPERIAL COLLEGE LONDON FOR THE PUBLIC BENEFIT BY:PROMOTING THE INTERESTS AND WELFARE OF STUDENTS AT IMPERIAL COLLEGE LONDON DURING THEIR COURSE OF STUDY AND REPRESENTING, SUPPORTING AND ADVISING STUDENTS;BEING THE RECOGNISED REPRESENTATIVE CHANNEL BETWEEN STUDENTS AND IMPERIAL COLLEGE LONDON AND ANY OTHER EXTERNAL BODIES; ANDPROVIDING SOCIAL, CULTURAL, SPORTING AND RECREATIONAL ACTIVITIES AND FORUMS FOR DISCUSSIONS AND DEBATE FOR THE PERSONAL DEVELOPMENT OF ITS STUDENTS.

Data Sources

Charity Commission for England and Wales
360 Giving

Tips for Selecting Charities

Which areas of philanthropy are most effective?
The text of this post is taken from an article on the Effective Altruism forum. It suggests that you can achieve the most impact by supporting causes that fight extreme poverty, improving animal welfare....more
Our Top Tips for Philanthropy
Here are some ideas to help you gain more satisfaction from your philanthropy and confidence that the causes you have selected are impactful. Engage your brain, as well as your heart You....more
How to become a Philanthropist
In this Blog we outline a strategy to help people who are new to philanthropy and for those who feel dissatisfied with the impact they are having. Effective philanthropy is immensely rewarding for donors,....more

Giving is Great