Statements of Comprehensive Income and Expenditure
STATEMENTS OF COMPREHENSIVE INCOME AND EXPENDITURE
For the Year Ended 31 July 2020
| Income | Notes |
2019/20 Consolidated £000 |
2019/20 University £000 |
2018/19 Consolidated £000 |
2018/19 University £000 |
|---|---|---|---|---|---|
|
Tuition fees and education contracts |
1 |
13,918 |
13,918 |
13,923 |
13,923 |
|
Scottish Funding Council grants |
2 |
17,171 |
17,171 |
16,171 | 16,171 |
|
Research grants and contracts |
3 |
2,421 |
2,404 |
2,192 |
2,167 |
|
Other income |
4 |
6,532 |
6,308 |
6,842 |
6,463 |
|
Investment income |
5 | 56 | 55 | 85 | 84 |
|
Donations and endowments |
6 | 339 | 339 | 305 | 305 |
|
Total Income |
40,437 |
39,518 |
39,518 |
39,113 |
|
|
EXPENDITURE |
|||||
|
Staff costs |
7 |
23,153 |
23,089 | 26,712 | 26,567 |
|
Other operating expenses |
11 | 10,901 | 10,723 | 11,683 | 11,423 |
|
Depreciation |
12 | 5,314 | 5,314 | 5,735 | 5,735 |
|
Interest and other finance costs |
8 |
1,548 | 1,548 | 1,432 | 1,432 |
|
Total expenditure |
40,916 | 40,674 | 45,562 | 45,157 | |
|
|
|||||
|
(Deficit)/surplus before other gains/(losses) |
(479) | (479) | (6,044) | (6,044) | |
|
Gain/(loss) |
4 | 4 | - | - | |
|
(Deficit) / surplus before tax |
(475) | (475) | (6,044) | (6,044) | |
|
Taxation |
10 | ||||
|
(Deficit) / surplus for the year |
(475) | (475) |
(6,044) |
(6,044) |
|
|
Unrealised surplus on revaluation of land and buildings |
5,168 | 5,168 | 30,614 | 30,614 | |
|
Actuarial (loss) /gain in respect of pension schemes |
(14,439) | (14,439) | (7,359) | (7,359) | |
|
Total comprehensive (expenditure)/income for the year |
(9,746) |
(9,746) | 17,211 | 17,211 | |
|
Represented by: |
|
|
|||
|
Endowment comprehensive income for the year |
179 |
179 |
77 |
77 |
|
|
Unrestricted comprehensive income for the year |
(15,093) |
(15,093) |
(13,480) |
(13,480) |
|
|
Revaluation reserve comprehensive income for the year |
5,168 |
5,168 |
30,614 |
30,614 |
|
|
Total |
(9,746) |
(9,746) |
17,211 |
17,211 |
