Income and expenditure 2021

Income £'000
Funding body grants 292,809
Tuition fees and education contracts 198,356
Research grants and contracts 173,309
Other income 132,324
Endowment and investment income 16,279
Total income 813,077
Staff costs 400,262
Movement on USS provision 5,510
Other operating expenses 248,871
Depreciation 33,622
Interest and other finance costs 7,555
Total expenditure 695,820
Consolidated surplus before other gains 117,257
Gain/(loss) on disposal of property, plant and equipment 250
Gain/(loss) on disposal of other investments 324
Gain on investments 44,290
Consolidated surplus before tax 162,121
Corporation tax -143
Consolidated surplus after tax 161,978

All items of income and expenditure arise from continuing operations.

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