50 City of Glasgow College Annual Report & Accounts 2019-20
8 Financial Statements
CITY OF GLASGOW COLLEGE
STATEMENT OF COMPREHENSIVE INCOME
FOR THE 12 MONTHS ENDED 31 JULY 2020
12 months ended 12 months ended
31 July 2020 31 July 2019
Notes £000 £000
Income
Scottish Funding Council grants 5 67,302 66,566
Tuition fees & education contracts 6 17,890 18,505
Other income 7 5,560 6,025
Investment income 8 5 31
Total income before endowments and donations 90,757 91,127
Endowments and donations 9 24 563
Total Income 90,781 91,690
Expenditure
Staff costs 10 56,292 50,916
Exceptional Staff costs 10 - 638
Other operating expenses 12 16,639 18,902
Exceptional expenditure 12 - 9,350
Transfer to Arms Length Foundation 12 - Depreciation
15,16 8,645 9,960
Impairment 16 - 123
Interest and other finance costs 14 13,925 14,167
Total expenditure 95,501 104,056
(4,720) (12,366)
Taxation - Gain
on sale of asset 16 - 5,790
(4,720) (6,576)
The Statement of Comprehensive Income is in respect of continuing activities.
(Deficit) for the year
(Deficit) before other gains and losses