1. 2015 Estimates Process

2. Background Good progress on diversifying income
Investments in those income streams mean
Loss making for last two years
2014/5 Group budget is breakeven

3. Where does the money come from and go?
NUS UK
Income
Actual
Affiliation Fees
4,093.4
Extra
1,500.0
Endsleigh Sponsorship
1,383.0
Other
206.6
Total
7,183.0
Expenditure
Actual
Donation to Charities
(986.0)
Core
(5,578.5)
Infrastructure
(618.5)
Total
(7,183.0)

4. Strong revenue growth, but not surpluses
Overall the group has made significant financial improvements over the last four years, increasing income by over seventy percent and recording small surpluses in each of those years, apart from the last one.
In which the Group made a loss of £115k.
Individually there was quite some variation in performance

5. For every £1 Unions give we generate £4
Affiliation fees converter £1

6. Considerations for 2015/6
Do not envisage significant additional income
Pressure on purchasing consortium
NUS Extra not guaranteed to increase
NUS Media Ltd will still not be in profit
Additional cost pressures
Pensions – further 5% increase in SUSS contributions
Harmonisation – increased pay costs by £150k
FTO’s pay increase

7. Process January February March Initial Estimates developed in January
Estimates reviewed by Audit Committee in February
Estimates presented to Strategy & Scrutiny in February
March
Estimates to NEC for approval
Estimates to Trustee Board for approval