52 City of Glasgow College Annual Report & Accounts 2019-20
CITY OF GLASGOW COLLEGE
BALANCE SHEET
AS AT 31 JULY 2020
As At As At
31 July 2020 31 July 2019
Notes £000 £000
Fixed assets
Intangible assets 15 1 59
Tangible assets 16 188,927 197,488
Investments 17 4 4
Total Fixed assets 188,932 197,551
Current assets
Stock 40 27
Debtors 18 6,157 5,501
Cash at bank and in hand 25 8,992 8,227
Total Current assets 15,189 13,755
Creditors - amounts falling due within one year 19 (16,752) (16,255)
Net current (liabilities) (1,563) (2,500)
Total assets less current liabilities 187,369 195,051
Creditors - amounts falling due after one year 20 (6,205) (6,542)
Provision for Liabilities and Charges 22 (3,884) (3,893)
Finance Liability 16 (134,538) (139,549)
Net assets before pension (liability)/asset 42,742 45,067
Pension (liability)/asset 24 (22,844) (6,830)
Total Net Assets 19,898 38,237
Income and Expenditure Reserve 23 (15,766) 1,957
Restricted reserves 23 424 462
Revaluation reserve 23 35,240 35,818
Total Reserves 19,898 38,237
Alisdair Barron Paul Little
Chairman Principal & Chief Executive
The financial statements were authorised for issue by the Board of Management
on 18th December 2020 and signed on its behalf by:
Date: 18th December 2020 Date: 18th December 2020