0393 Impact Report 1819 Final

Financial Statement
Financial Statement 2018/19
Throughout the year our services have continued to be supported by part time staff,
made up of employed students, of which we paid a total of £50, 675 for 5,807 hours of
work. As a Students’ Union providing our students with the opportunity to earn
money and enhance their employability skills is something that we pride ourselves in
doing, which is why we are pleased to see the increase in expenditure and hours
compared to 17/18.
Campaigns were a focus for our Officers, who spent £2,321 during the year focusing on
key and topical themes such as period poverty, LGBTQ+ History Month and Black History
Month with an aim to work to reduce the BAME attainment gap, highlight inequalities
and promote the need for equality.
To help work towards improving our students’ health and wellness, we spent £4, 105 on
our Well @ Wolves agenda
The sense of community on campus is vastly important to help with student retention, and
our societies help strengthen this aspect of the University experience. This year Societies
income generated £8,572 and using their reserves they spent £8,973. The SU also support
activities undertaken by societies via the Society Development Fund with a further spend
of £3, 819.
We supported students though our Employment Support Fund by distributing £5, 074 to
them.
Our total income this year was £1,082,632, with 73.4 % of the Students’ Union’s total
income coming from the University Block Grant. 7.8 % of the total income was Trading
Activity Income.
The Students’ Union total expenditure for 18/19 was £1,102,295.
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