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OCA Financial Information

Financial Information 2020-21

This information and the charts below are designed to explain the College’s financial position for the year 01 August 2020 to 31 July 2021 to readers unfamiliar with formal accounts and reports.

The monetary 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 2020 to 31 July 2021

Income

The College received income of £2.59m in the year ended 31 July 2021. Tuition fees are by far the highest proportion at 92% of income. 7% of income was received in Funding Council grants for the purpose of access and widening participation. 1% other includes income from Student Association activities, and other fees.

Income £
Tuition Fees 2,392,569
Funding Council Grants 192,663
Other Income 12,384
Total 2,597,616

 

Expenditure

The College recorded spend of £2.01m split between: staff costs, other operating expenses, which includes direct course costs and depreciation. 49% 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 1,023,209
Other Operating Expenses (inc. direct course costs) 1,022,761
Depreciation 8,380
Total 2,054,350

 

The same £2.05m spend can be shown in different formats to better understand how the College manages its spending. The College regularly reviews its spending and future budget to enable it to make decisions and achieve best value for students.

  • 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.

  • Financial Information 2018-19

    This information and the charts below are designed to explain the College’s financial position for the year 01 August 2018 to 31 July 2019 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 2018 to 31 July 2019

    Income

    The College received income of £2.10m in the year ended 31 July 2019. Tuition fees are by far the highest proportion at 90% of income. 9% 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 1,899,488
    Funding Council Grants 187,480
    Other Income 17,883
    Total 2,104,851

    Expenditure

    The College recorded spend of £1.95m split between: staff costs, other operating expenses, which includes direct course costs and depreciation. 45% 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 883,921
    Other Operating Expenses 1,057,153
    Depreciation 13,075
    Total 1,954,149

    The same £1.95m spend can be shown in different formats to better understand how the College manages its spending. The College regularly reviews its spending and future budget to enable it to make decisions and achieve best value for students.

  • Financial Information 2019-20

    This information and the charts below are designed to explain the College’s financial position for the year 01 August 2019 to 31 July 2020 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 2019 to 31 July 2020.

    Income

    The College received income of £2.12m in the year ended 31 July 2020. Tuition fees are by far the highest proportion at 91% of income. 8% of income was received in Funding Council grants for the purpose of access and widening participation. 1% other includes income from Student Association activities, donations and other fees.

    Income £
    Tuition Fees 1,928,518
    Funding Council Grants 175,314
    Other Income 11,936
    Donations 10,000
    Total 2,125,768

     

    Expenditure

    The College recorded spend of £2.01m split between: staff costs, other operating expenses, which includes direct course costs and depreciation. 49% 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 991,687
    Other Operating Expenses (inc. direct course costs) 1,010,052
    Depreciation 13,394
    Total 2,015,133

    The same £2.01m spend can be shown in different formats to better understand how the College manages its spending. The College regularly reviews its spending and future budget to enable it to make decisions and achieve best value for students.