Financial Information 2017-18

This information and the charts below are designed to explain the College’s financial position for the year 01 August 2017 to 31 July 2018 to readers unfamiliar with formal accounts and reports.

The money values have been taken from the published and audited Financial Statements and are presented in a format to provide useful information to students and stakeholders.

 

The College’s Results for the year 01 August 2017 to 31 July 2018

 

Total Income £1.78m
Less
Total Expenditure £1.76m
=
Surplus
£0.02m

Income

The College received income of £1.78m in the year ended 31 July 2018.   Tuition fees are by far the highest proportion at 88% of income.  11% of income was received in Funding Council grants for the purpose of access and widening participation.  1% other includes income from OCASA activities, transfer and various application fees.

Income £ %
Tuition Fees 1,572,599 88%
Funding Council Grants 192,084 11%
Other Income 16,712 1%
Total 1,781,395 100%

Pie Chart illustrating sources of Income as percentages of the whole.Expenditure

The College recorded spend of £1.76m split between: staff costs, other operating expenses and depreciation.  47% of this spend was incurred on staffing costs, which includes direct staff costs, apprenticeship levy contributions and employer tax, national insurance and pension contributions.

Expenditure £ %
Staff Costs 820,426 47%
Other Operating Expenses 925,660 52%
Depreciation 11,841 1%
Total 1,757,927 100%

Pie Chart illustrating areas of expenditure as percentages of the whole.

The same £1.76m spend can be shown in different formats to better understand how the College manages its spend. The College regularly reviews its spend and future budget to enable it to make decisions to achieve best value for students.

A Horizontal Bar Chart illustrating Expenditure in 1000s of pounds.

 

A Horizontal Bar Chart illustrating Expenditure in 1000s of pounds.