QMU Strategic Report and Financial Statements 2022 - Statements of Comprehensive income and Expenditure
Statements of Comprehensive income and Expenditure
For the Year Ended 31 July 2022
| Income | Notes |
2021/22 £000 |
2020/21 £000 |
2021/22 £000 |
2020/21 £000 |
|---|---|---|---|---|---|
|
Tuition fees and education contracts |
1 | 17,103 | 15,058 | 17,103 | 15,058 |
|
Scottish Funding Council grants |
2 | 21,606 | 20,986 | 2,349 | 2,809 |
|
Research grants and contracts |
3 | 2,771 | 2,986 | 2,349 | 2,809 |
|
Other Incomes |
4 | 6,396 | 4,799 | 6,163 | 4,473 |
|
Investment income |
5 |
72 |
15 | 71 | 466 |
|
Donations and endowments |
6 |
369 |
466 | 369 | 466 |
|
Total Income |
48,318 |
44,031 | 47,661 |
43,528 |
|
|
Expenditure |
|
|
|||
|
Staff Costs |
7 |
29,216 |
26,986 | 28,979 |
26,793 |
|
Other operating expenses
|
10 |
13,329 |
12,298 | 12,910 |
11,970 |
|
Depreciation, amortisation |
11,12 |
4,812 |
5,071 | 4,812 |
5,071 |
|
Interest and other finance costs |
8 |
1,366 |
1,545 | 1,366 |
1,545 |
|
Total Expenditure |
48,723 |
45,882 | 38.067 |
35,379 |
|
|
(Deficit) for the year
|
(406) |
(1,8851) |
(406) |
(1,8851) | |
|
Unrealised surplus/(deficit) on revaluation of land and buildings
|
14,456 |
(145) |
14,456 |
(145) |
|
|
Actuarial gain in respect of pension schemes |
24,163 |
12,743 |
24,163 |
12,743 |
|
|
Total comprehensive income /(expenditure) for the year |
38,213 |
10,747 |
38,213 |
10,747 |
|
|
Represented by:- |
|
|
|
|
|
|
Endowment comprehensive income for the year Unrestricted comprehensive income for the year Revaluation reserve comprehensive income for the year |
|
171
23,586
14,456 |
227
10,665
(145) |
171
23,586
14,456 |
227
10,665
(145) |
| 38,213 | 10,747 | 38,213 | 10,747 |
All items of income and expenditure relate to continuing activities.
The accompanying notes and policies on pages 24 to 43 form part of these financial statements
