54 City of Glasgow College Annual Report & Accounts 2020-21
8 Financial Statements
CITY OF GLASGOW COLLEGE
STATEMENT OF COMPREHENSIVE INCOME
FOR THE 12 MONTHS ENDED 31 JULY 2021
12 months ended 12 months ended
31 July 2021 31 July 2020
Notes £000 £000
Income
Scottish Funding Council grants 5 68,852 67,302
Tuition fees & education contracts 6 16,638 17,890
Other income 7 3,769 5,560
Investment income 8 - 5
Total income before endowments and donations 89,259 90,757
Endowments and donations 9 312 24
Total Income 89,571 90,781
Expenditure
Staff costs 10 59,387 56,292
Exceptional Staff costs 10 - Other
operating expenses 12 14,752 16,639
Exceptional expenditure 12 - Transfer
to Arms Length Foundation 12 - Depreciation
15,16 5,246 8,645
Impairment 16 678 Interest
and other finance costs 14 13,653 13,925
Total expenditure 93,716 95,501
(4,145) (4,720)
Taxation - Gain
on sale of asset 16 - (4,145)
(4,720)
The Statement of Comprehensive Income is in respect of continuing activities.
Surplus/(Deficit) for the year
Surplus/(Deficit) before other gains and losses