Income and expenditure 2013-14

Income and expenditure 2013-14

Income £000
Funding body grants 161,213
Tuition fees and education contracts 132,224
Research grants and contracts 133,618
Other income 73,485
Endowment and investment income 10,801
Total income 511,341
 
Expenditure  
Staff costs 269,680
Other operating expenses 198,414
Depreciation 22,433
Interest and other finance costs -
Total expenditure 490,527
 
Surplus on continuing operations after depreciation of assets at valuation and disposal of fixed assets and taxation

20,626

Surplus for the year transferred to accumulated income in endowment funds (905)
Surplus for the year retained within general reserves 19,721
   
Consolidated statement of historical cost surpluses  
Surplus for the year retained within general reserves 19,271
Difference between historical cost depreciation and the actual charge for the period calculated on the revalued amount 4,068
Historical cost surplus for the year 23,789

All items of income and expenditure arise from continuing operations.

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