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City of Glasgow College Annual Report & Accounts 2020-21
CITY OF GLASGOW COLLEGE
STATEMENTS 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
(Deficit) for the year (4,145) (4,720)
Actuarial (Losses)/Gains in respect of pension scheme 23 12,333 (13,581)
Total Comprehensive Income for the year 8,188 (18,301)
CITY OF GLASGOW COLLEGE
STATEMENT OF CHANGES IN RESERVES
FOR THE 12 MONTHS ENDED 31 JULY 2021
12 months ended 12 months ended
31 July 2021 31 July 2020
Notes £000 £000
Opening Balance as at 1 August (15,766) 1,957
Total Comprehensive Income for the year 8,188 (18,301)
Transfer from the Revaluation Reserve 22 578 578
Closing balance at year end (7,000) (15,766)
Restricted Reserve 398 424
Revaluation Reserve
Opening Balance as at 1 August 35,240 35,818
Transfer between revaluation and income and (578) (578)
expenditure reserve
Revaluation 22 45,585 Closing
balance at year end 80,247 35,240
Total Reserves 73,645 19,898
Income and Expenditure Reserve