Statements of Comprehensive Income and Expenditure
For the Year Ended 31 July 2025
| - | - |
Consolidated |
University |
||
|---|---|---|---|---|---|
| Income | Note |
2024/25 £000 |
2023/24 £000 |
2024/25 £000 |
2023/24 £000 |
|
Tuition fees and education contracts |
1 | 20,926 | 19,839 | 20,926 | 19,839 |
|
Scottish Funding Council grants |
2 | 19,937 | 22,429 | 19,937 | 22,429 |
|
Research grants and contracts |
3 | 1,526 | 1,877 | 1,526 | 1,873 |
|
Other operating income |
4 | 8,315 | 7,577 | 8,122 | 7,459 |
|
Investment income |
5 | 1,991 | 2,132 | 1,951 | 2,093 |
|
Donations and endowments |
6 | 263 | 272 | 263 | 272 |
|
Total Income |
52,958 | 54,126 | 52,724 | 53,966 | |
|
Expenditure |
|
|
|||
|
Staff costs |
7 | 32,695 | 32,100 | 32,632 | 32,065 |
|
USS pension unwind |
- | (1,934) | - | (1,934) | |
|
Other operating expenses |
10 | 16,607 | 14,298 | 16,461 | 14,173 |
|
Depreciation / Amortisation |
11,12 | 6,244 | 5,805 | 6,244 | 5,805 |
|
Interest and other finance costs |
8 | 627 | 732 | 627 | 732 |
|
Total Expenditure |
56,174 | 51,002 | 55,965 | 50,841 | |
|
Operating Surplus / (deficit) for the year |
(3,216) | 3,125 | (3,241) | 3,125 | |
|
Gain/(loss) on disposal of tangible assets |
(1) | - | (1) | - | |
|
Surplus / (deficit) before tax |
(3,217) | 3,125 | (3,242) | 3,125 | |
|
Taxation |
- | - | - | - | |
|
Surplus / (deficit) for the year |
(3,217) | 3,125 | (3,242) | 3,125 | |
|
Unrealised surplus on revaluation of land and buildings |
- | 2,087 | - | 2,087 | |
|
Actuarial (loss) / gain in respect of Pension Schemes |
17,21 | 8,537 | (869) | 8,537 | (869) |
|
Total comprehensive income for the year |
5,320 | 4,343 | 5,295 | 4,343 | |
|
Represented by:- |
|||||
|
Endowment comprehensive income for the year |
|
1 | (21) | 1 | (21) |
|
Unrestricted comprehensive income for the year |
|
5,319 | 2,277 | 5,294 | 2,277 |
| Revaluation reserve comprehensive income for the year | - | 2,087 | - | 2,087 | |
| 5,320 | 4,343 | 5,295 | 4,343 | ||
All items of income and expenditure relate to continuing activities.
The accompanying notes and policies on pages 35 to 61 form part of these financial statements.
