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30 Financial Statements 2011-12


Notes to the Financial Statements For the year ended 31 July 2012


2011-12 £'000


5 Endowment and investment income Income from fixed asset investments


Income from expendable endowments (note 20) Income from permanent endowments (note 20) Income from short term investments


180 175 15 70


440


6 Surplus for the year The surplus on continuing operations for the year is made up as follows: University's surplus for the year


Surplus generated by subsidiary undertakings and transferred to the University under gift aid Profits generated by subsidiary undertakings and joint ventures


7 Staff costs Wages and salaries Social security costs Other pension costs


Aggregate emoluments of the Vice-Chancellor for year to 31 July


2010-11 £'000


166 217 13


166 562


3,234 208 159


3,601


63,393 5,065


12,938 81,396


212


255 507


1,099 1,861


62,566 4,873


12,254 79,693


182


The emoluments of the Vice-Chancellor are shown on the same basis as for higher paid staff. The University's pension contributions to USS are paid at the same rate as for other employees and for the Vice-Chancellor these amounted to £36,640 (2010-11: £31,840).


Compensation for loss of office paid to senior members of staff for 2011-12 was £0k (2010-11: £90k)


Other pension costs include pension contributions made by the University on behalf of employees who have elected to reduce their wages and salaries when the University introduced its Pensions Plus scheme in April 2009.


Number of Staff 2011-12


Remuneration of higher paid staff, excluding employer's pension contributions: £100,000-£109,999


£110,000-£119,999 £120,000-£129,999 £130,000-£139,999


1 5 1 1 8


The average monthly number of staff (including senior post-holders) employed by the University and its subsidiaries during the year, expressed as full-time equivalents by grade, was:


Academic staff Research staff


Senior support staff Other support staff General support staff


625 102 388 373 392


1,880


602 113 368 348 405


1,836 2010-11


5 1 3 0 9


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