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
Total Expenditure £1.76m
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.
|Funding Council Grants||192,084||11%|
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.
|Other Operating Expenses||925,660||52%|
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.