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Finance reports

Graphic Design TBCG

Please see our finance reports for 2020 – 21

Finance

Income 2020 (£'000s) 2021 (£'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 (£'000s) 2021 (£'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 (£'000s) 2021 (£'000s)
Staff costs 33,137 36,148
Other operating expenses 13,417 13,998
Depreication and amortisation 4,605 5,018
Interest and other finance costs 964 1,197
TOTAL EXPENDITURE 52,123 56,361
Balance sheet group 2020 (£'000s) 2021 (£'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