Comprehensive Income and Expenditure 2021 | Finance

Statements of Comprehensive Income and Expenditure

STATEMENTS OF COMPREHENSIVE INCOME AND EXPENDITURE

For the Year Ended 31 July 2021

Income	Consolidated 2020/21 £000	Consolidated 2019/20 £000	University 2019/20 £000	University 2020/21 £000	�մǳٲ��
Tuition fees and education contracts	1	15,058	13,918	15,058	13,918
Scottish Funding Council grants	2	20,707	17,171	20,707	17,171
Research grants and contracts	3	2,986	6,532	4,473	6,308
Other income	4	4,799	6,532	4,473	6,308
Investment income	5	15	56	15	55
Donations and endowments	6	466	339	366	339
Total income	��	44,031	40,437	43,528	40,195
EXPENDITURE	��	��	��	��	��
Staff costs	7	26,968	23,153	26,793	23,089
Other operating expenses	10	12,298	10,901	11,970	10,723
Depreciation	11	5,071	5,314	5,071	5,314
Interest and other finance costs	8	1,545	1,548	1,545	1,548
Total expenditure	��	45,882	40,916	45,379	40,674
Deficit)/surplus before other gains/(losses)	��	(1,851)	(479)	(1,851)	(479)
Gain/(loss) on disposal of tangible asset	��	-	4	-	4
(Deficit) / surplus for the year	��	(1,851)	(475)	(1,851)	(475)
Unrealised (deficit) /surplus on revaluation of land and buildings ��	��	(145)	5,168	(145)	5,168
Actuarial gain /(loss) in respect of pension schemes	��	12,743	(14,439)	12,743	(14,439)
Total comprehensive income /(expenditure) for the year ��	��	10,747	(9,746)	10,747	(9,746)

Represented by:-

Income	Consolidated 2020/21 £000	Consolidated 2019/20 £000	University 2020/21 £000	University 2019/20 £000
Endowment comprehensive income for the year	227	179	227	179
Unrestricted comprehensive income for the year	10,665	(15,093)	10,665	(15,093)
Revaluation reserve comprehensive income for the year	(145)	5,168	(145)	5,168
Unrestricted comprehensive income for the year	10,665	(15,093)	10,665	(15,093)

All items of income and expenditure relate to continuing activities.

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The accompanying notes and policies on pages 23 to 42 form part of these financial statements