The Governors have to ensure that the College’s finances are secure over the long term and remain conscious of their responsibility towards future generations. It is, therefore, important that the fundraising target of £5.9m Income
for The Laboratory is achieved, so that others funds are not taken away from other activities or provisions that the College would normally expect to fund from its annual income.
Expenditure
The charts and tables below summarise the position in the College’s financial statements for the year ended 31 July 2014.
Income 2013-14
Expenditure 2013-14
Total £38m
Total £38m
e 2012/13
Expenditure 2012/13
Income 2012/13
Expenditure 2012/13
£3m
£2m
£4m £2m £2m
£3m
£3m
£3m
£3m £3m £3
£2m
£2m
£2m £1m
£2m £1m
£1m
£3m
£3m
£1m
£1m
£3m
£3m
£6m
£29m
£21m
£5m
£5m
£20m
£20m
£29m
£29m
Staff costs
Other operating costs
Trading/ finance costs
Bursaries/ scholarships
Bursaries/ scholarships Depreciation Surplus (for capital expenditure)
Trading
Dulwich Estate
Investments Fundraising
Staff costs
Other operating costs
Trading/ finance costs
Depreciation Surplu (for capit expendit
Fees & extras
Trading
Dulwich Estate
Investments Fundraising
as
Expenditure and Surplus/Deficit Trends 2004-14
Balance sheet as at 31 July 2014
Balance sheet as at 31 July 2013
Balance sheet as at 31 July 2013
35
Realisable endowment investments
£22m
£10m
£10m
£5m
£5m
30
£12m
£12m
Expenditure
Cash
£14m
25
Surplus/Deficit
£24m
£24m
20
Loans (Debt)
(£9m)
Surpluses are used to fund capital expenditure but, as depicted, margins are small
£31m
£31m
15
Other non-realisable net assets Pension deficit liability (operational staff)
£34m
10
(£7m)
5
0
Total net assets
£54m
Other non- realisable net assets
Realisabl endowment investment
Cash
Loans (Debt) Year
Pension deficit liability (ops staff)
Other non- realisable net assets
Realisable endowment investments
Cash
Loans (Debt)
Pension deficit liability (ops staff)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
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