Income and expenditure 2011-12

Income £000
Funding body grants 143,891  
Tuition fees and education contracts 99,604
Research grants and contracts 124,351
Other income 65,041
Endowment and investment income 6,952
Total income 439,839
 
Expenditure  
Staff costs 233,221
Other operating expenses 177,321
Depreciation 18,356
Interest and other finance costs 616
Total expenditure 429,514
 
Surplus on continuing operations after depreciation of assets at valuation and disposal of fixed assets 9,845
Surplus for the year transferred to accumulated income in endowment funds (1,363)
Surplus for the year retained within general reserves 8,482
   
Consolidated statement of historical cost surpluses  
Surplus for the year retained within general reserves 8,482
Difference between historical cost depreciation and the actual charge for the period calculated on the revalued amount 3,396
Historical cost surplus for the year 12,286

All items of income and expenditure arise from continuiung operations.

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