Income and expenditure 2012-13

Income and expenditure 2012-13

Income £000
Funding body grants 154,892
Tuition fees and education contracts 110,936
Research grants and contracts 128,090
Other income 67,496
Endowment and investment income 7,539
Total income 468,953
 
Expenditure  
Staff costs 249,558
Other operating expenses 187,600
Depreciation 18,909
Interest and other finance costs 1,882
Total expenditure 457,949
 
Surplus on continuing operations after depreciation of assets at valuation and disposal of fixed assets and taxation

11,060

Surplus for the year transferred to accumulated income in endowment funds (1,030)
Surplus for the year retained within general reserves 10,030
   
Consolidated statement of historical cost surpluses  
Surplus for the year retained within general reserves 10,030
Difference between historical cost depreciation and the actual charge for the period calculated on the revalued amount 3,376
Historical cost surplus for the year 13,406

All items of income and expenditure arise from continuiung operations.

Full financial statements for the period can be viewed at: Financial Statements