Statements of Comprehensive Income and Expenditure

For the Year Ended 31 July 2023

-	-	Consolidated		University
Income	Notes	2022/23 £000	(Reinstated) 2021/22 £000	2022/23 £000	(Reinstated) 2021/22 £000
Tuition fees and education contracts	1	18,168	17,103	18,168	17,103
Scottish Funding Council grants	2	22,204	21,606	22,204	21,606
Research grants and contracts	3	2,015	2,771	2,006	2,349
Other Incomes	4	7,321	6,396	7,087	6,163
Investment income	5	998	72	980	71
Donations and endowments	6	410	369	410	369
Total Income		51,117	48,317	50,856	47,661
Expenditure
Staff Costs	7	29,920	29,216	29,814	28,979
Other operating expenses	10	14,823	13,329	14,668	12,910
Depreciation, amortisation	11,12	5,405	4,812	5,405	4,812
Interest and other finance costs	8	807	1,366	807	1,366
Total Expenditure		50,955	48,723	50,694	48,067
Surplus/(Deficit) for the year		162	(406)	162	(406)
Unrealised surplus/(deficit) on revaluation of land and buildings		8,009	14,456	8,009	14,456
Actuarial gain in respect of pension schemes		15,454	32,734	15,454	32,734
Total comprehensive income /(expenditure) for the year		23,625	46,784	23,625	46,784
Represented by:-
Endowment comprehensive income for the year		(67)	171	(67)	171
Unrestricted comprehensive income for the year		15,683	32,157	15,683	32,157
Revaluation reserve comprehensive income for the year		8,009	14,456	8,009	14,456
		23,625	48,784	23,625	46,784

All items of income and expenditure relate to continuing activities.

The accompanying notes and policies on pages 30 to 54 form part of these financial statements.