A message from Sarah Pook, Executive Director, Finance & Planning
Dear Colleagues,
Our University financial statements for 2020-21 are published today and are available here.
Despite the continuing financial pressures presented by the COVID-19 pandemic, the University delivered a strong financial performance, ending the year on 31 July 2021 with a surplus of £18.2 million, and an underlying surplus, before actuarial losses from pension schemes and without the Universities Superannuation Scheme (USS) accrual, of £11.4 million.
It is testament to the strong financial management of the University at every level, and careful control of expenditure, that a surplus was achieved during a challenging period, which saw some reductions and deferrals in international tuition fee income, and more than £4M refunded to students unable to take up their allocated University accommodation
The University continues to meet well the challenges of operating in an uncertain COVID-19 world, both at a financial level as well as in its overall response to managing the impact of the virus on our education, research and enterprise.
This continues to be the result of a concerted effort across our entire staff community to remain vigilant, and I would like to thank all our staff for their role in this, as I know it has not always been easy.
Best wishes,
Sarah Pook
Executive Director, Finance & Planning
The following report has also been published today:
