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 2023 to 31 July 2024:
- Total income: £135.5m
- Total expenditure: £133.7m
- Surplus: £1.8m
Income
Total University income was £135.5m for the year. The sources of income for every pound received is split as follows:
- Tuition fees: 85%
- Other income: 13%
- Funding body grants: 2%
Expenditure
Total University expenditure was £133.7m for the year. The areas of expenditure for every pound spent is split as follows:
- Teaching, research, technicians, library and Gateway service: 72%
- Residencies, catering and premises: 12%
- Administration and central costs: 11%
- Depreciation, interest and impairment charge, and pension adjustment: 5%
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 £12,547k is split as follows:
- Teaching and Learning space: 59%
- Building improvements: 18%
- IT, equipment and furniture: 5%
For more information on our finances, visit our What we Spend section.