Please see our finance reports for 2020 – 21

Finance

Income 2020 (ÂŁ'000s) 2021 (ÂŁ'000s)
Funding body grants 37,569 43,599
Tuition fees and education contracts 13,249 12,096
Other income 2,962 2,002
Gain on acquisition 0 148
Endowment and investment income 33 1
TOTAL INCOME 53,813 57,846
Surplus 2020 (ÂŁ'000s) 2021 (ÂŁ'000s)
Surplus before other gains and losses 1,690 1,485
Loss on disposal of fixed assets 1 (600)
Surplus before tax 1,691 885
Taxation 0 0
SURPLUS FOR THE YEAR 1,691 885
Actuarial loss in respect of pension schemes -24,230 1,883
Total comprehensive income of the year -22,539 2,768
Expenditure 2020 (ÂŁ'000s) 2021 (ÂŁ'000s)
Staff costs 33,137 36,148
Other operating expenses 13,417 13,998
Depreciation and amortisation 4,605 5,018
Interest and other finance costs 964 1,197
TOTAL EXPENDITURE 52,123 56,361
Balance sheet group 2020 (ÂŁ'000s) 2021 (ÂŁ'000s)
Total fixed assets 133,028 141,078
Net current assets 3,877 6,735
Total assets less current liabilities 136,905 147,813
Creditors -amount falling due after one year -56,418 -64,405
Defined benefit obligations -35,426 -35,677
Other provisions -1,779 -1,681
Total net assets 43,282 46,050
TOTAL UNRESTRICTED RESERVES 43,282 46,050