Balance sheets as at 31 July 2017
BALANCE SHEETS AS AT 31 JULY 2017
|
FIXED ASSETS |
Notes |
Consolidated 2017 £000 |
Consolidated 2016 £000 |
University 2017 £000 |
University 2016 £000 |
|---|---|---|---|---|---|
|
Tangible assets |
12 |
82,144 |
86,170 | 82,144 | 86,170 |
|
Investments |
13 | - | - | - | - |
|
82,144 |
86,170 |
82,144 |
86,170 |
||
| CURRENT ASSETS | |||||
|
Trade and other receivables |
14 |
2,945 |
1,622 |
3,574 |
2,185 |
|
Current asset investments |
- |
141 | - | 141 | |
|
Cash at bank and in hand |
8,352 |
7,936 |
7,548 |
7,198 |
|
|
|
11,297 |
9,699 |
11,122 |
9,524 |
|
|
CREDITORS: amounts falling due within one year |
15 |
(7,262) |
(8,248) |
(7,087) |
(8,073) |
|
NET CURRENT ASSETS / (LIABILITIES) |
4,035 |
1,451 |
4,035 |
1,451 |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
86,179 |
87,621 |
86,179 |
87,621 |
|
|
CREDITORS :amounts falling due after more than one year |
16 |
(41,393) |
(43,353) |
(41,393) |
(43,353) |
|
PROVISIONS FOR LIABILITIES AND CHARGES |
17 |
(15,471) |
(17,191) |
(15,471) |
(17,191) |
|
NET ASSETS |
|
29,315 |
27,077 |
29,315 |
27,077 |
|
RESTRICTED RESERVES |
|
|
|
|
|
|
Income & expenditure reserve – endowment reserve |
18 |
491 |
479 |
491 |
479 |
|
UNRESTRICTED RESERVES |
|
|
|
|
|
|
Income & expenditure reserve – unrestricted |
|
21,561 |
19,199 |
21,561 |
19,199 |
|
Revaluation reserve |
19 |
7,263 |
7,399 |
7,263 |
7,399 |
|
TOTAL RESERVES |
|
29,315 |
27,077 |
29,315 |
27,077 |
Queen Margaret University, Edinburgh
Company registered in Scotland no. SC007335
The financial statements on pages 18 to 42 were approved by the University Court on 26 February 2021 and signed on its behalf by:
Linda McPherson - Acting Chair
Sir Paul Grice - Principal and Vice-Chancellor
