Skip to main content

Other financial statements

HE Provider Data: Finance Other financial statements

On this page: Balance sheets | Cash flow | Capital expenditure | Separately disclosed material items

The outbreak of the COVID-19 pandemic was declared in March 2020, part way through the 2019/20 academic year. Depending (among other factors) on the financial year end of each provider, there may have been varying impacts of the pandemic on individual providers’ financial data for 2019/20 into 2020/21.

HESA has collected and published financial statements data and associated analysis for the UK HE sector for over twenty years. During this time, HE financial data was relatively homogeneous in many respects, with financial years naturally following the pattern of the academic year. Changes to the regulation of HE in England have seen a broadening and diversification of HE provider types, and consequently a re-evaluation of appropriate collection and publication strategies.

From 2018/19 onwards the Office for Students (OfS) collected data from English providers as part of its Annual Financial return. Note that the OfS do not collect data from further education colleges and sixth form colleges under the primary regulation of the Education and Skills Funding Agency (ESFA). The data collected by the OfS has been ingested by HESA and integrated with the data for HE providers in Wales, Scotland and Northern Ireland. All tables contain a filter to allow for analysis by month of financial year end.

Providers for 2015/16 and 2016/17 academic years are all reported assuming a financial year end date of 31 July. As such, these dates will not appear in the tables.

For 2020/21, the following providers have not yet been included as they have not yet finalised their data or their data was finalised after the cut off for publication: University of Buckingham, University Academy 92 Limited, Assemblies of God Incorporated, HULT International Business School Ltd (31/07/2021 year end), Inchbald School of Design, London School of Commerce & IT Limited, Nazarene Theological College, Paris Dauphine International, Richmond, the American International University in London, Inc., Royal Academy of Dance, Spurgeon's College, Waltham International College Limited.

Data for these providers will be included in a future update to this release.

The OfS published the Annual Financial Return sector-level data for financial years ending in 2021 on 30 June 2022. HESA’s latest finance data covers providers with a financial year end up to and including 31 July 2021. HESA do not publish forecast data, and so forecast data included in the OfS’ release for 33 providers will not be available in the HESA open data. Future HESA open data releases will include data for providers with financial year ends from 1 August 2021 onwards.

For information on VC pay, highly paid staff, and severance payments see:

Other financial statements: Senior staff pay

Providers in 2015/16 and 2016/17 were not required to report financial year end dates, these dates will not appear in the tables. From 2017/18, where a provider has changed its financial year end, it can mean that it appears twice or not at all within certain academic years. Where applicable, table grand totals will contain all provider values for the academic year.

Balance sheets

Balance sheets give a statement of the assets, liabilities, and capital of each HE provider. They provide a snapshot of each HE provider's financial position at the end of their financial year. For publicly funded HE providers, this is 31 July. For privately funded providers, this month can vary.

Table 2: Consolidated statement of changes in reserves, reported in previous years has been discontinued from 2018/19 as the figures were not required for publication.

Table 3 - Consolidated balance sheet

Academic years 2015/16 to 2020/21

Show

 
 
 
 
 
 This is a large table and will take a moment to load...

HE providers in Scotland are required to provide additional information in their balance sheets.

Table 3S - Breakdown of cash and cash equivalents as at 31 July - Scottish HE providers

Academic years 2015/16 to 2020/21

 
 
 This is a large table and will take a moment to load...

Cash flow

Cash flow statements show how changes in balance sheet accounts and income affect cash and cash equivalents. Cash flow statements are concerned with the flow of cash in and out of the HE provider.

Table 4 - Consolidated statement of cash flows

Academic years 2015/16 to 2020/21

Show

 
 
 
 
 
 This is a large table and will take a moment to load...

Capital expenditure

Capital expenditure is the money that HE providers spend to buy, maintain, or improve their fixed assets, such as buildings, and equipment. Spending is considered capital expenditure if the benefits extend beyond the current year.

Table 9 - Capital expenditure

Academic years 2015/16 to 2020/21

 
 
 
 
 
 
 
 This is a large table and will take a moment to load...

View operating expenditure

Separately disclosed material items

This table provides additional information in cases where an HE provider chose to disclose items on separate lines of their published income and expenditure statements.

Table 10 - Separately disclosed material items from the audited financial statement of comprehensive income and expenditure year ended 31 July

Academic years 2015/16 to 2020/21

Show

 
 
 
 
 
open-data   Open data licence: CC-BY-4.0

HE Provider Data: Finance pages

Support and contacts

Press enquiries

+44 (0) 1242 388 513 (option 6), [email protected]

Public enquiries

+44 (0) 1242 388 513 (option 2), [email protected]

Does this data release meet your needs?

Please email questions or comments to [email protected].
Thank you for helping us to improve this publication.