Our financial summary gives an overview of our income and expenditure during 2017/18. St George's has seen an increase in income of £3.1m from last year to £89.7m in 2017/18. This has allowed continued investment in the estate ahead of the Masterplan and also in education as we look to launch the new BSc Clinical Pharmacology in September 2019 and expenditure has increased to £87.1m, giving an operating surplus of £2.5m. After taxation and gains on investment, this becomes a total surplus of £3.5m.
Annual report and financial statements 2017/18
More detail can be found in our Annual Report and Financial Statements 2017/18 (PDF). Previous years' reports can be found below.
The chart below shows St George's expenditure per pound of income for 2017/18, with 76p per £1 being spent on teaching, academic and research activity.
The majority of our income, 43%, came from teaching and education contracts, with 19% from our funding bodies and 15% from research grants.
56% of our costs relate to staff, by far our most important form of expenditure.