Central College Glasgow
INCOME & EXPENDITURE ACCOUNT
Actual
2008-09
Forecast
2009-10
Forecast
2010-11
Forecast
2011-12
Forecast
2012-13
£000
£000
£000
£000
£000
INCOME
Funding council grants 9,361 9,412 9,506 9,506 9,506
Tuition fees and education contracts 2,922 3,111 3,147 3,191 3,236
Research grants and contracts 0 0 0 0 0
Other income 468 272 222 172 121
Endowment and investment income 148 48 60 75 94
Total income 12,899 12,843 12,935 12,944 12,957
EXPENDITURE
Staff costs 9,485 9,695 9,889 9,988 10,048
Exceptional restructuring costs 79 101 0 0 0
Non-restructuring exceptional costs 0 0 0 0 0
Other operating expenses 2,795 2,423 2,447 2,462 2,446
Depreciation
490
464
491
441
441
Interest payable 0 0 0 0 0
Merger Savings 0 0 0 0 0
Total expenditure 12,849 12,683 12,827 12,890 12,935
Surplus/(deficit) on continuing operations after depreciation of
tangible fixed assets at valuation
50 160 108 54 22
FRS 17 Pension adjustment (104) (111) 0 0 0
Surplus/(deficit) on continuing operations after depreciation of
tangible fixed assets at valuation and after FRS17
(54) 49 108 54 22
Gain on sale of fixed assets or sale/termination of an operation 0 0 0 0 0
(Loss) on sale of fixed assets or sale/termination of an operation 0 0 0 0 0
Surplus/(deficit) on continuing operations after depreciation of
assets at valuation and disposal of assets and tax
(54) 49 108 54 22
Transfer (to)/from revaluation reserve 90 90 90 90 90
Transfer (to)/from pension reserve 104 111 0 0 0
Transfer (to)/from accumulated income within specific
endowments
0 0 0 0 0
Transfer (to)/from restricted funds 0 0 0 0 0
Amount carried forward to I&E account 140 250 198 144 112
Appendix 6: Financial Projections
109