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QMU Strategic Report and Financial Statements 2022 - Statements of Comprehensive income and Expenditure

Statements of Comprehensive income and Expenditure

For the Year Ended 31 July 2022

Income Notes

2021/22

£000

2020/21

£000

2021/22

£000

2020/21

£000

Tuition fees and education contracts

1 17,103 15,058 17,103 15,058

Scottish Funding Council grants

2 21,606 20,986 2,349 2,809

Research grants and contracts

3 2,771 2,986 2,349 2,809

Other Incomes

4 6,396 4,799 6,163 4,473

Investment income

5

72

15 71 466

Donations and endowments

6

369

466 369 466

Total Income

Ìý

48,318

44,031 47,661

43,528

Expenditure

Ìý

Ìý

Ìý Ìý

Ìý

Staff Costs

7

29,216

26,986 28,979

26,793

Other operating expenses

Ìý

10

13,329

12,298 12,910

11,970

Depreciation, amortisation

11,12

4,812

5,071 4,812

5,071

Interest and other finance costs

8

1,366

1,545 1,366

1,545

Total Expenditure

Ìý

48,723

45,882 38.067

35,379

(Deficit) for the year

Ìý

Ìý

(406)

(1,8851)

(406)

(1,8851)

Unrealised surplus/(deficit) on revaluation of land and buildings

Ìý

Ìý

Ìý

14,456

Ìý

(145)

Ìý

14,456

Ìý

(145)

Actuarial gain in respect ofÌýpension schemes

Ìý

Ìý

24,163

Ìý

12,743

Ìý

24,163

Ìý

12,743

Total comprehensive income /(expenditure) for the year

Ìý

Ìý

38,213

Ìý

10,747

Ìý

38,213

Ìý

10,747

Represented by:-

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Endowment comprehensive income for the year

Unrestricted comprehensive income for the year

Revaluation reserve comprehensive income for the year

Ìý

Ìý

171

Ìý

23,586

Ìý

14,456

Ìý

227

Ìý

10,665

Ìý

(145)

Ìý

171

Ìý

23,586

Ìý

14,456

Ìý

227

Ìý

10,665

Ìý

(145)

Ìý Ìý 38,213 10,747 38,213 10,747

All items of income and expenditure relate to continuing activities.

The accompanying notes and policies on pages 24 to 43 form part of these financial statements

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