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Student financial information

Student
financial information

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 2020 to 31 July 2021

Student Financial Information 2020-2021

Income

The University received income of £78.8m in the year ended 31 July 2021. Tuition fees are the highest proportion of income received. The proportion of total income provided by such fees increased to 80% this year from 78% last year. Other income includes income from residences, catering, shop and class sales has continued to fall from last year due to the COVID-19 pandemic.

Student Financial Information 2020-2021

Student Financial Information 2020-2021

Expenditure

The University recorded a spend of £80.1m, split between: staff costs; non-staff costs for courses, student welfare and the student union grant, campuses and departments; charges for improvements and investments in buildings, equipment; and interest and finance charges. 54% of the University’s spend is incurred on staffing costs. In addition to direct staff costs, the University pays the government national insurance contributions, apprenticeship levy and contributes to the University’s pension funds.

Student Financial Information 2020-2021

Student Financial Information 2020-2021

The same £80.1m spend can be shown in a different format to better understand how the University manages its spend. The University regularly reviews its spend and future budget to enable it to make decisions to achieve best value for students.

Student Financial Information 2020-2021

Investment

In addition to annual on-going charges, the University invests in its estate by making improvements to buildings and infrastructure and purchasing new equipment. In the year to 31 July 2021, total investment amounted to £18m. The investment in new student residences at Farnham continued, with total expenditure in the year at £13.5m. Including previous years, the overall total invested is £20.9m.

Student Financial Information 2020-2021

For more information on our finances, visit our What we Spend section.