51
City of Glasgow College Annual Report & Accounts 2019-20
CITY OF GLASGOW COLLEGE
STATEMENTS 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
(Deficit) for the year (4,720) (6,576)
Actuarial (Losses)/Gains in respect of pension scheme 24 (13,581) (5,497)
Total Comprehensive Income for the year (18,301) (12,073)
CITY OF GLASGOW COLLEGE
STATEMENT OF CHANGES IN RESERVES
FOR THE 12 MONTHS ENDED 31 JULY 2020
12 months ended 12 months ended
31 July 2020 31 July 2019
Notes £000 £000
Opening Balance as at 1 August 1,957 11,943
Total Comprehensive Income for the year (18,301) (12,073)
Transfer from the Revaluation Reserve 23 578 2,087
Closing balance at year end (15,766) 1,957
Restricted Reserve 424 462
Revaluation Reserve
Opening Balance as at 1 August 35,818 14,987
Transfer between revaluation and income and (578) (2,087)
expenditure reserve
Revaluation 23 - 22,918
Closing balance at year end 35,240 35,818
Total Reserves 19,898 38,237
Income and Expenditure Reserve