QMU Strategic Report and Financial Statements 2022 - Balance sheets as at 31.July 2022

Balance sheets as at 31.July 2022

 

  Note Consolidated University  
  2022 Restated 2021 2022 Restated 2022
    £000 £000 £000 £000
NON-CURRENT ASSETS  

  Intangible assets

11 529 - 529 -

Tangible assets

12 133,563 123,629 133,569 123,629

Investments

13 - - - -
    134,092 123,629 134,092 123,629
           

CURRENT ASSETS

         

Trade and other receivables

14 1,722 1,755 2,007 1,783
Cash at bank and in hand   15,244 15,607 14,670 15,380
           
    16,996 17,362 16,677 17,163
           

CREDITORS: amounts falling due within one year

15 (9,934) (10,423) (9,645) (10,224)
           

NET CURRENT ASSETS / (LIABILITIES)

  7,032 6,939 7,032 6,929
           

TOTAL ASSETS LESS CURRENT LIABILITIES

  141,124 130,568 141,124 130,568
           

CREDITORS : amounts falling due after more than one year

16 (25,296) (32,455) (25,296) (32,455)
           

PROVISIONS FOR LIABILITIES AND CHARGES

17 (3,915) (24,413) (3,915) (24,413)
           

NET ASSETS 

  111,913 73,700 111,913 73,700
           

RESTRICTED RESERVES

Income & expenditure reserve – endowment reserve

18 1,219 1,048 1,219 1,048

UNRESTRICTED RESERVES

Income & expenditure reserve – unrestricted

Revaluation reserve

19 29,803 6,217 29,803 6,217
           
TOTAL RESERVES   111,913 73,700 111,913 73,700
           

Queen Margaret University, Edinburgh

Company registered in Scotland no. SC007335

The financial statements on pages 20 to 43 were approved by the University Court on 30 November 2022 and signed on its behalf by:

Chair - Pamela Woodburn

Chair Principal and Vice-Chancellor - Sir Paul Grice