The money values have been taken from the published and audited University Financial Statements but are presented in a format to provide useful information to students and stakeholders.
The University’s Results for the year 1 August 2022 to 31 July 2023:
- Total income: £123.1m
- Total expenditure: £125m
- Deficit: £1.9m
Income
Total University income was £123.1m for the year. The sources of income for every pound received is split as follows:
- Tuition fees: 83%
- Other income: 12%
- Funding body grants: 5%
Expenditure
Total University expenditure was £125m for the year. The areas of expenditure for every pound spent is split as follows:
- Teaching, research, technicians, library and Gateway services: 62%
- Residencies, catering and premises: 17%
- Administration and central costs: 14%
- Depreciation, interest and impairment charge, and pension adjustment: 8%
Investment
In addition to annual on-going charges, the University invests in its estate by making improvements to buildings and purchasing new equipment. A total investment of £11.6m is split as follows:
- Building improvements: 50%
- IT, equipment and furniture: 50%
For more information on our finances, visit our What we Spend section.