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Financial Performance
In 2014-15, the College generated an operating surplus of £65,000
and invested £675,000 in capital projects
Funding body grants
£12,431,000
Tuition fees and education contracts
£298,000
Investment income and sale of fixed assets £99,000
Other income
£353,000
Staff costs
£4,935,000
Operating expenditure
£2,505,000
Payments to sub-contracting partners £4,968,000
Loan - early repayment break costs
£240,000
Depreciation
£366,000
Interest payable
£102,000
Income
£13,181,000
EFA/SFA Recurrent Grant
£6,007,000
EFA/SFA Non Recurrent Grant
£762,000
SFA Apprenticeships
£5,596,000
Release of Deferred Capital Grants
£66,000
£12,431,000
Funding
Body Grants
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Annual Report
2014-15
In 2014-15, the College’s operating surplus was reduced by £240,000 as a result of the
Board’s decision to repay £1.6 million of loans owing to the Bank.
Expenditure
£13,116,000