Statements of Comprehensive Income and Expenditure
For the Year Ended 31 July 2024
| - | - |
Consolidated |
University |
||
|---|---|---|---|---|---|
| Income | Note |
2023/24 £000 |
2022/23 £000 |
2023/24 £000 |
2022/23 £000 |
|
Tuition fees and education contracts |
1 | 19,839 | 18,168 | 19,839 | 18,168 |
|
Scottish Funding Council grants |
2 | 22,429 | 22,204 | 22,429 | 22,204 |
|
Research grants and contracts |
3 | 1,877 | 2,015 | 1,873 | 2,006 |
|
Other operating income |
4 | 7,577 | 7,321 | 7,459 | 7,087 |
|
Investment income |
5 | 2,132 | 998 | 2,093 | 980 |
|
Donations and endowments |
6 | 272 | 410 | 272 | 410 |
|
Total Income |
54,126 | 51,117 | 53,966 | 50,856 | |
|
Expenditure |
|
|
|||
|
Staff costs |
7 | 32,100 | 29,920 | 32,065 | 29,814 |
|
USS pension unwind |
7 | (1,934) | (1,934) | ||
|
Other operating expenses |
10 | 14,298 | 14,823 | 14,173 | 14,668 |
|
Depreciation / Amortisation |
11,12 | 5,805 | 5,405 | 5,805 | 5,405 |
|
Interest and other finance costs |
8 | 732 | 807 | 732 | 807 |
|
Total Expenditure |
51,002 | 50,955 | 50,841 | 50,694 | |
|
Operating Surplus / (deficit) for the year |
3,125 | 162 | 3,125 | 162 | |
|
Gain/(loss) on disposal of tangible assets |
|||||
|
Surplus / (deficit) before tax |
3,125 | 162 | 3,125 | 162 | |
|
Taxation |
|||||
|
Surplus / (deficit) for the year |
3,125 | 162 | 3,125 | 162 | |
|
Unrealised surplus on revaluation of land and buildings |
2,087 | 8,009 | 2,087 | 8,009 | |
|
Actuarial (loss) / gain in respect of Pension Schemes |
(869) | 15,454 | (869) | 15,454 | |
|
Total comprehensive income for the year |
4,343 | 23,625 | 4,343 | 23,625 | |
|
Represented by:- |
|||||
|
Endowment comprehensive income for the year |
|
(21) | (67) | (21) | (67) |
|
Unrestricted comprehensive income for the year |
|
2,276 | 15,683 | 2,276 | 15,683 |
| Revaluation reserve comprehensive income for the year | 2,087 | 8,009 | 2,087 | 8,009 | |
| 4,343 | 23,625 | 4,343 | 23,625 | ||
All items of income and expenditure relate to continuing activities.
The accompanying notes and policies on pages 40 to 56 form part of these financial statements.
