St George’s financial status

In 2004, 2005 and 2006, St George’s, University of London operated at a financial surplus and its forecast to do so for the following five academic years.

 

St George's financial status

 

10th July 2007


In 2004, 2005 and 2006, St George’s, University of London operated at a financial surplus and its forecast to do so for the following five academic years.

 

Contributing factors to this surplus included a staff restructure, which took place during 2002-04 and included transfers to the Trust and retirements — saving around £1m per annum. Diversification of courses and a corresponding increase in student numbers has added, and continues to add, around £2m per annum to our income from 2004/05 onwards. The QR Charity Support Fund from the Funding Council now adds £4m to our annual HEFCE grant. This was introduced in 2005/06 to compensate institutions who undertake high quality research for charities who do not contribute to overhead or infrastructure costs.

 

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