56 City of Glasgow College Annual Report & Accounts 2020-21
CITY OF GLASGOW COLLEGE
BALANCE SHEET
AS AT 31 JULY 2021
As At As At
31 July 2021 31 July 2020
Notes £000 £000
Fixed assets
Intangible assets 15 - 1
Tangible assets 16 230,996 188,927
Investments 17 4 4
Total Fixed assets 231,000 188,932
Current assets
Stock 47 40
Debtors 18 6,665 6,157
Cash at bank and in hand 24 12,250 8,992
Total Current assets 18,962 15,189
Creditors - amounts falling due within one year 19 (21,387) (16,752)
Net current (liabilities) (2,425) (1,563)
Total assets less current liabilities 228,575 187,369
Creditors - amounts falling due after one year 20 (6,768) (6,205)
Provision for Liabilities and Charges 21 (3,664) (3,884)
Finance Liability 16 (129,290) (134,538)
Net assets before pension (liability)/asset 88,853 42,742
Pension (liability)/asset 23 (15,208) (22,844)
Total Net Assets 73,645 19,898
Income and Expenditure Reserve 22 (7,000) (15,766)
Restricted reserves 22 398 424
Revaluation reserve 22 80,247 35,240
Total Reserves 73,645 19,898
Alisdair Barron Paul Little
Chairman Principal & Chief Executive
The financial statements on pages XX to XX were authorised for issue by the Board of
Management on 15th December 2021 and signed on its behalf by: