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Our financial summary gives an overview of our income and expenditure during 2018/19. St George's has seen an increase in income of £1.7m from last year to £91.4m in 2018/19. This has allowed continued investment in the estate ahead of the Masterplan and also in education with the launch of the new BSc Clinical Pharmacology in September 2019.  Expenditure has increased to £101.7m, giving an operating deficit of £10.3m. This increase in expenditure is due to a £10.6m provision to the pension fund.

Annual report and financial statements 2018/19

More detail can be found in our Annual Report and Financial Statements 2018/19 (PDF). Previous years' reports can be found below. 

The chart below shows St George's expenditure per pound of income for 2018/19, with 76p per £1 being spent on teaching, academic and research.

A pie chart showing our expenditure by type in 2018/19.

The majority of our income, 45%, came from teaching and education contracts, with 19% from our funding bodies and 14% from research grants.

A pie chart showing our income by type in 2018/19.

61% of our costs relate to staff, by far our most important form of expenditure.

A pie chart showing what we spent our money on in 2018/19.

Previous annual reviews and financial statements

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