Explore the University of Surrey’s Financial Statements, which explain where our money comes from and how we spend it.
Alternatively, you can read the Financial Review on pages 30 to 31 of the 2016 Annual Review (PDF).
Driven by additional student numbers, total income rose by eight per cent in 2015/16 to nearly £260m.
The University’s income is generated from a variety of sources. Tuition fees represent approximately 50 per cent of the University’s total income. A further 26 per cent comes from government funding grants and research funding, with the balance accounted for by income from other sources including accommodation fees, Surrey Sports Park and income generating assets including Surrey Research Park.
This includes block grants from the Higher Education Funding Council for England (HEFCE) for teaching (£8.1m) and research (£14.6m).
This includes UK/EU undergraduate fees (£54.0m), fees for non-EU undergraduates and postgraduates (£24.5m and £23.2m respectively) and NHS funding for nurse training (£14.7m).
The largest single source is the UK Research Councils (£12.5m). Other significant sources are EU government bodies (£7.5m) and the industrial and commercial partners on the 5G Innovation Centre project (£7.6m).
This comprises mainly accommodation fees for the c. 5,000 students housed in residences on the Stag Hill and Manor Park campuses and at Hazel Farm.
This comprises income from catering facilities on both the Stag Hill and Manor Park campuses - Hillside, Wates House, Lakeside Restaurant & Coffee Bar, Starbucks, thEATre, Heart + Soul, and the Bench Bar at Surrey Sports Park.
This includes income generated by academic departments from consultancy and other activities, membership and other income generated by Surrey Sports Park, and income from the hire of University facilities.
This includes £10.5m of gross rental income from properties on Surrey Research Park.
Tuition fees pay for far more than time spent in lectures and seminars. The value of the Surrey experience comes from the quality of the teaching and learning experience, and from the many and varied facilities and opportunities available to support students during their time at university and to equip them with the knowledge and skills to succeed in their future careers.
This covers all expenditure relating directly to academic departments. It includes the cost of academic staff, course materials and laboratory running costs.
The main areas of spend are IT (£11.8m) and the library (£7.6m).
This comprises the salary costs of research staff, together with associated costs such as equipment and consumables. It includes £7.6m of costs (fully matched by income) relating to the 5G Innovation Centre programme.
This includes salaries and other expenditure directly attributable to student residences, catering facilities and conferences. It includes the costs of repairs and maintenance, depreciation of buildings and equipment, and interest on monies borrowed to build the student residences.
This comprises costs relating to the management of all University buildings (except residences and catering facilities), plus the costs of maintaining the grounds. It includes running costs such as energy and utilities, rates, insurance and cleaning, plus building repairs and maintenance and depreciation. It also includes interest on monies borrowed to build the Surrey Sports Park, Vet School and properties on the Surrey Research Park.
This includes the costs of bursaries and scholarships and widening participation activity. It also includes expenditure on student recruitment and examinations.
This includes expenditure on the careers service and the Wellbeing Centre, grants to the Students' Union and running costs of Surrey Sports Park.
This includes the cost of departments such as Student Administration, Finance and Marketing & Communications.
This includes running costs for Surrey Research Park (other than interest on borrowings) and services to third parties (matched by income), as well as a number of technical adjustments (e.g. relating to pension provisions).
In 2015/16 the University:
The 2015/16 surplus for reinvestment was £0.9m.
The University is a not-for-profit organisation with charitable status. All surpluses are reinvested back into the University to improve the physical estate, to develop our academic activities and to enhance our services.
The University has an ongoing programme of investment to provide the facilities needed to deliver a first-class student experience and deliver high-quality research. This includes investment in new buildings and equipment, as well as the refurbishment of existing facilities such as lecture theatres, teaching rooms and social spaces.
The University’s Manor Park campus has seen more than £150m of investment since construction of the first phase of the Manor Park student residences began in 2004.
Capital investment in the Stag Hill campus during the last ten years has included:
2016 capital investments included:
In May 2016 the University successfully closed a private placement deal providing £75m of funding for new student accommodation and £45m headroom for investment in support of the University’s strategic goals.
If there is anything else you would like to see here please contact firstname.lastname@example.org.
If you would like to know more about how universities spend their money and how this benefits students, please visit the interactive explainer on the Universities UK website.