Financial Statements 2018/19
Income
Total income this year was £212.2m, an increase of £7.6m against the prior year. This represents a strong position given the increasingly competitive recruitment environment and the continued freezing of Home/ EU Full Time tuition fees for Undergraduates.
Income by source £m
180.0 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0
Tuition fees and education contracts
Funding body grants
Research grants and contracts
Tuition Fees and Education Contracts account for 74.3% of the University’s total income. Of this, 69.0% relates to fees from home and EU Full Time Students. Although recruitment targets were at a lower level than the previous year, the University exceeded these and increased retention. The overall figure is in line with the prior year once adjusted for Nursing students moving from the NHS contract to the tuition fee route. In addition, income from Full-Time International students has increased by 12.8% year-on-year, reflecting both an increase in fees charged and increased numbers of students at our Overseas campuses.
Funding Body Grants represent 8.4% of total income, down from 9.3% in 2017/18. The decrease reflects both a reduction in teaching grant income and a decrease in amount of capital grants released.
Middlesex University 51 Other income
(inc investment income, donations and new endowments)
Research Grant income is £4.5m (2.1% of total income), a reduction of £0.8m compared to the previous year due to the reduced number and value of grants for which income has been recognised in-year.
Other operating income (including investment income and new endowments) totals £32.3m and represents 15.2% of total income, a £5.4m increase on the prior year. This includes £3.3m of new Health-related contract income recognised in-year. In addition, subsidiaries companies trading income has increased by 15.4% on the prior year, reflecting the strong performance of our overseas campuses.
2017/18 2018/19
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