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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	°Õ´Ç³Ù²¹±ôÌý
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	Ìý	44,031	40,437	43,528	40,195
EXPENDITURE	Ìý	Ìý	Ìý	Ìý	Ìý
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	Ìý	45,882	40,916	45,379	40,674
Deficit)/surplus before other gains/(losses)	Ìý	(1,851)	(479)	(1,851)	(479)
Gain/(loss) on disposal of tangible asset	Ìý	-	4	-	4
(Deficit) / surplus for the year	Ìý	(1,851)	(475)	(1,851)	(475)
Unrealised (deficit) /surplus on revaluation of land and buildings Ìý	Ìý	(145)	5,168	(145)	5,168
Actuarial gain /(loss) in respect of pension schemes	Ìý	12,743	(14,439)	12,743	(14,439)
Total comprehensive income /(expenditure) for the year Ìý	Ìý	10,747	(9,746)	10,747	(9,746)

Represented by:-

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