Our financial summary gives an overview of our income and expenditure during 2020/21. St George's income remained at £86.7m in 2020/21. Operating Expenditure has decreased to £85.4m, giving an operating surplus of £1.3m. An unrealised gain on investments of £2.5m gives an overall surplus of £3.8m.
Annual report and financial statements 2020/21
More detail can be found in our Annual Report and Financial Statements 2020/21 (PDF). Previous years' reports can be found below.
Expenditure by type 2020 to 2021
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The chart below shows St George's expenditure per pound of income for 2020/21, with 67p per £1 being spent on teaching, academic and research.
What we spent out money on and income by type 2020 to 2021
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The majority of our income, 46%, came from teaching and education contracts, with 21% from our funding bodies and 13% from research grants.
63% of our costs relate to staff, by far our most important form of expenditure.