College Finances
The summarised information below is taken from the financial statements for the year ended 31 July 2016. All the College’s funds are committed to the pursuit of its charitable objectives.
A copy of the full audited accounts can be found published online at http://www.dulwich.org.uk/college/about/annual- report-and-accounts.
What is the breakdown of the College’s annual income? Fees; trading (e.g. lettings and International Schools) and investment income from the College’s endowment account for 90% of the annual income. The Dulwich Estate gave an income distribution of £2.4 million and £1.8 million came from fundraising during the year.
What is the breakdown of the College’s expenditure? Staff, operating, trading and finance costs along with depreciation account for 84% of the annual bill. £3.4 million was spent on bursaries and scholarships, leaving a surplus of £3.3 million which helped fund the capital expenditure of £8.3 million during the year including £5.5 million on The Laboratory, which was also funded by borrowing from the endowment.
Income 2015/16 - £43.3 million
Expenditure 2015/16 - £43.3 million
OTHEROPERATING COSTS £5.9m
TRADING £4.0m
STAFF COSTS £24.0m
FEES & EXTRAS £34.2m
55%
9%
79%
13%
BURSARIES/ SCHOLARSHIPS £3.4m
INVESTMENTS £900k
DULWICH ESTATE £2.4m
TRADING/FINANCE £3.4m
5%
8%
8%
2%
SURPLUS (for capital expenditure) £3.3m
FUNDRAISING £1.8m
DEPRECIATION £3.3m
5%
8%
8%
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