Finance and funding
The key financial objectives of the University are to provide the long-term resources to strengthen and further its pre-eminent position – nationally and internationally – as a place of outstanding learning, teaching, and research; and to enable it to provide additional support to its three core priorities of students, academic posts, and buildings.
The 欧洲杯滚球平台’s income comes from the following main sources:
- the University's largest single source of UK income (25%) is research funding from bodies such as charities, foundations, research councils, trusts, and industry; Oxford consistently has the highest external research income of any university in the UK
- tuition fees (from both undergraduate and postgraduate), and education contracts amount to 16%
- 8% comes from government grants through Office for Students and Research England
- other income relates to activity other than teaching and research: educational publishing, the commercialisation of research philanthropic support and investment income from the University’s endowments (51%)
Download the Financial Statements 2019-20 (PDF)
University consolidated income and expenditure account 2019/20
Income | £m |
Tuition fees and education contracts | 392.5 |
Funding body grants | 209.8 |
Research grants and contracts | 633.6 |
Publishing services | 754.8 |
Other income | 274.5 |
Investment income | 106.4 |
Total income before donations | 2,371.6 |
Donations and endowments | 163.6 |
Donation of assets | 1.2 |
Total income | 2,536.4 |
Expenditure |
|
Staff costs | 1,104.2 |
Staff costs - movement in pensions provision | (216.5) |
Operating expenditure | 1,103.7 |
Depreciation/amortisation | 112.1 |
Interest and other finance costs | 42.0 |
Total expenditure | 2,145.5 |
Surplus before other gains | 390.9 |
(Losses)/Gains on investments | (93.7) |
Share of (Deficit) on joint ventures | (2.1) |
Surplus before tax | 295.1 |
Taxation | (11.9) |
Minority interest | 0.3 |
Surplus after tax | 283.5 |
Other comprehensive income | (56.2) |
Total comprehensive income | 227.3 |
Colleges
The colleges of Oxford University (apart from Kellogg and St Cross) are independent, self-governing and financially autonomous. In 2017/18, the total annual incoming resources of the 36 colleges (including donations for capital projects or endowment) amounted to £493m. The three main sources of income are: (i) teaching, research and residential; (ii) donations and legacies (towards both annual expenditure and endowment); and (iii) investment income, as illustrated in the chart below. Other income derives mostly from trading activity such as vacation conferences.
Total resources expended in 2017/18 amounted to £437m. 84% of this expenditure was directly attributable to the core charitable activities of the colleges, activities, including teaching, research and residential services. The balance was split between the costs of fundraising, running trading activities such as conferences and tourism, and investment management costs.
Endowments
The University has endowment assets of £1.2bn. Individual colleges have their own endowment assets, which amount to £4.9 bn.