Statements of Comprehensive Income and Expenditure

For the Year Ended 31 July 2024

**Statement of Comprehensive Income and Expenditure for the Year Ended 31 July 2024**
-	-	Consolidated		University
Income	Note	2023/24 £000	2022/23 £000	2023/24 £000	2022/23 £000
Tuition fees and education contracts	1	19,839	18,168	19,839	18,168
Scottish Funding Council grants	2	22,429	22,204	22,429	22,204
Research grants and contracts	3	1,877	2,015	1,873	2,006
Other operating income	4	7,577	7,321	7,459	7,087
Investment income	5	2,132	998	2,093	980
Donations and endowments	6	272	410	272	410
Total Income		54,126	51,117	53,966	50,856
Expenditure
Staff costs	7	32,100	29,920	32,065	29,814
USS pension unwind	7	(1,934)		(1,934)
Other operating expenses	10	14,298	14,823	14,173	14,668
Depreciation / Amortisation	11,12	5,805	5,405	5,805	5,405
Interest and other finance costs	8	732	807	732	807
Total Expenditure		51,002	50,955	50,841	50,694
Operating Surplus / (deficit) for the year		3,125	162	3,125	162
Gain/(loss) on disposal of tangible assets
Surplus / (deficit) before tax		3,125	162	3,125	162
Taxation
Surplus / (deficit) for the year		3,125	162	3,125	162
Unrealised surplus on revaluation of land and buildings		2,087	8,009	2,087	8,009
Actuarial (loss) / gain in respect of Pension Schemes		(869)	15,454	(869)	15,454
Total comprehensive income for the year		4,343	23,625	4,343	23,625
Represented by:-
Endowment comprehensive income for the year		(21)	(67)	(21)	(67)
Unrestricted comprehensive income for the year		2,276	15,683	2,276	15,683
Revaluation reserve comprehensive income for the year		2,087	8,009	2,087	8,009
		4,343	23,625	4,343	23,625

All items of income and expenditure relate to continuing activities.

The accompanying notes and policies on pages 40 to 56 form part of these financial statements.