Financial information

Annual report and financial statements for the last six years.

Financial report and key financial statistics for 2018/19

The University has had a good year with solid performance in:

  • UK undergraduate student recruitment
  • enhancement of our academic partnerships in the UK and across the globe
  • investing in our students' experience, academic endeavours and capital infrastructure, including people, systems and estate.

Financial performance during the year was positive with operating surplus of £3.2m before actuarial losses in respect of the pension scheme.

See the full Annual Report and Financial Statement.

What we spent our money on during 2018/19

The following pie chart highlights the University's financial expenditure per pound of income for the year. You can also view in text format.

A pie chart showing what we spent our money on

Income by type 2018/19 (£m)

Total income for 2018/19 was £284m. The following pie chart indicates the University's income by type during 2018/19 (see income by type in text format).

Pie chart showing income by type

Expenditure by type 2018/19 (£m)

Total expenditure for 2018/19 was £280.8m. The following pie chart indicates the University's expenditure by type during 2018/19 (see expenditure by type in text format).

Pie chart showing expenditure by type

Income and expenditure overview (text format)

What we spent our money on during 2018/19

  • Academic and related expenditure - 51p in the pound
  • Research grants and contacts - 3p in the pound
  • Administration and central services - 19p in the pound
  • Premises - 12p in the pound
  • Residencies and catering - 7p in the pound
  • Other income generating activities - 7p in the pound
  • For investments in our future - 1p in the pound

Income by type 2018/19

  • Tuition fees and education contracts - £206.2m
  • Funding body grants - £22.6m
  • Research grants and contracts - £13.8m
  • Other income - £40.6m
  • Investment income - £0.8m

Expenditure by type 2018/19

  • Staff costs - £171.8m
  • Other operating expenses - £84.5m
  • Depreciation - £19.7m
  • Interest and other finance costs - £4.8m