University financial summary
The information below provides an overview of the University’s financial performance in the year to 31 July 2016.
This is the first year that the University has prepared financial statements under new financial reporting regulations. The results for the previous year (2014/15) have also been restated under these new regulations in order to provide appropriate comparators. More information on the figures shown here can be found in the University’s Annual Review/Financial Statements for the year.
The University’s Financial Framework requires it to generate an annual surplus in order to ensure its financial viability and sustainability, to ensure the ongoing quality of the student experience and research, to renew the physical estate and to provide mitigation against future uncertainty.
In the year to 31 July 2016 the University achieved a financial surplus of £6.1m which, combined with the accumulated surpluses from previous years, enabled significant capital investment in the University’s estate.
The graph and tables below show the source of the University’s income, where funds were spent and, finally, the capital investment made.
Where our funding comes from
|Student tuition fees||£155.5m|
|Government funding grants||£28.9m|
|Funding for research projects||£17.0m|
|Residences & catering||£34.2m|
|Income from investments||£1.7m|
How we spend it
|Running academic schools||£90.1m|
|Computing and library services||£20.2m|
|Student support services & facilities||£21.4m|
|Bursary payments to students||£17.2m|
|Direct costs of research projects||£11.7m|
|Maintaining our buildings and facilities (including residences)||£35.8m|
|Operating residences and catering services||£29.9m|
Investing in your future
|Capital expenditure for 2015/16|
|Major new teaching & learning facilities||£32.1m|
|Refurbishment of academic, social & recreational spaces||£8.9m|
|Refurbishment of residences & catering facilities||£3.3m|
|Campus infrastructure improvements||£1.0m|
|Academic school equipment||£1.6m|
|Library and computing equipment & University systems||£4.0m|
|Total capital expenditure||£51.3m|