Income and expenditure 2019

Income £000
Funding body grants 162,824
Tuition fees and education contracts 228,234
Research grants and contracts 195,064
Other income 80,236
Endowment and investment income 21,538
Total income 687,896
Staff costs 356,252
Movement on USS provision 108,976
Other operating expenses 251,211
Depreciation 33,464
Interest and other finance costs 7,304
Total expenditure 757,207
Consolidated surplus before other gains -69,311
Gain/(loss) on disposal of property, plant and equipment -1,457
Gain on investments 2,752
Consolidated surplus before tax -68,016
Corporation tax -140
Consolidated surplus after tax -68,156

All items of income and expenditure arise from continuing operations.

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