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 |
| 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 (£'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 |
