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Table 1 - Consolidated statement of comprehensive income and expenditure 2015/16 to 2022/23

HE Provider Data: Finance

Table 1 - Consolidated statement of comprehensive income and expenditure

Academic years 2015/16 to 2022/23


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As part of their latest data submission, HE providers are able to restate figures for the previous year. In this Table, previous years' figures are based on restated figures (so the 2018/19 figures are taken from the 2019/20 return and the 2017/18 figures are from the 2018/19 return). Where providers have restated prior year data, the numbers may not always match the corresponding totals within Tables 5, 7, 8 and 14 as these are mostly based on prior year HESA data rather than restated figures.

In 2021/22, some providers included an accounting cost relating to pension provisions following periodic pension valuations. This adjustment is shown in the staff cost totals within Tables 1, 8 and 12. Note that this cost is not reflective of the pure underlying financial performance of these institutions for this year.

For the academic years 2016/17 – 2021/22, some inconsistencies are apparent among non-English HE providers in the total staff costs displayed in Table 12 when comparing against staff costs reported in Table 1. These discrepancies relate to differences in the way that HE providers have reported staff costs in both Tables – in some cases excluding non-academic staff costs, and in some cases including pension adjusted costs. Staff costs in Table 1 are validated against providers’ published accounts.

Some HE providers saw significant cost adjustments in both 2018/19 and 2019/20, relating to the accounting treatment for the value of pension schemes. This appears as a significant additional cost in 2018/19, which caused some providers to report deficits, and an opposite movement in 2019/20, which caused some providers to show unusually large surpluses.  This additional cost is a non-cash accounting adjustment. It is not a typical annual operating expense/credit for these providers and therefore caution is advised in any interpretation of financial operating performance in 2018/19 and 2019/20.

Type of data

Administrative data

Data source

HESA (Higher Education Statistics Agency) is part of Jisc. We are the experts in UK higher education data and analysis. We have been collecting higher education information since the 1994/95 academic year.

Finance data is taken from the HESA Finance record, which universities, colleges and other higher education providers return to HESA on an annual basis. The Finance record collects a range of information about the primary financial statements from HE providers' published accounts.

From 2018/19, data for English HE providers (excluding further education colleges and sixth form colleges under the primary regulation of the Education and Skills Funding Agency) was collected by the Office for Students.

We provide data and analysis on finances of HE providers to a wide variety of customers, including:

  • Governments
  • Universities (via the Heidi Plus analytics tool)
  • Academic and commercial researchers
  • Students and potential students
  • Trade unions and employers' associations
  • Policy makers.

Our data is used to regulate the sector, inform policy making, advance understanding of social and economic trends, support decision making, and enhance public understanding of - and confidence in - the higher education sector.

Related releases

Our HE Provider Data: Finance data pages collect together all of the tables we publish on finances in higher education.

Further information

This table displays high-level values of income and expenditure, surplus and realised and unrealised gains and losses.

The comprehensive income for the year is further analysed by restricted, unrestricted income, endowment and revaluation reserve showing the movement of reserves in the year. The radio button ‘Income & expenditure’ displays sources of income and types of expenditure. The radio button ‘Other’ displays details of surplus, realised and unrealised gains and losses and also displays further analysis of comprehensive income. The analysis of comprehensive income is displayed for non-English providers. OfS does not collect this data from English providers.

View Table 1 - Consolidated statement of comprehensive income and expenditure

This table is the equivalent of a statement of comprehensive income and expenditure. It displays high-level values of the sources of a provider’s income and expenditure and is in line with SORP (2019).

The CSCI displays income streams of:

  • tuition fees and education grants
  • funding body grants
  • research grants and contracts
  • other income
  • investment income
  • donations and endowments

Expenditure streams shown are:

  • staff costs
  • fundamental restructuring costs
  • other operating expenses
  • depreciation
  • interest and other finance costs

The difference between income and expenditure is shown as surplus or deficit before gains and losses and the share of joint surplus or deficits from joint ventures and associates.

This table also displays both realised and unrealised gains and losses before displaying the total comprehensive income for the year. Realised gains and losses are those involving cash transactions. Unrealised gains and losses are those involving accounting transactions.

The total comprehensive income for the year is further analysed by categories of income carried forward to the income and expenditure reserve categorised as restricted and non-restricted income, endowment and revaluation reserve income. Data published relate to providers in Scotland, Wales and Northern Ireland. Providers in England do not submit this data.

Surplus is broken down further for all providers by non-controlling interest and its own surplus. A non-controlling interest is where a provider has minority interest in another entity, has less than 50% of shares in that entity and has no control over its decisions.

Where applicable, providers in England who are incorporated as a company provide data related to payment of dividends in the year.

In certain instances, providers deviate from the traditional streams of income and expenditure and report a material transaction as a separate line in their primary statements. A material transaction is a transaction which has a significant impact on the business and necessitates separate disclosure on the face of primary statements. Providers in Scotland, Wales and Northern Ireland complete a further table providing further explanation of such material transaction. View Separately disclosed material items from the audited financial statement of comprehensive income and expenditure by HE provider and academic year in the open data.

This table collects data retrospectively for the latest completed financial year. It also collects restated data to previously submitted information for the one year prior as comparison to the current year.

This table answers the question of financial sustainability, whether the provider is operating within their means and whether enough income is being generated to meet the expenditure incurred. A deficit potentially raises questions of sustainability, leading to strategies either to cut expenditure or increase income. A surplus suggests that funds generated can be invested to renew facilities and innovate. A caveat here is that a single financial indicator does not convey the institution’s financial health. Note also that surplus/deficit may also include material ‘accounting’ transactions, which are not operational cash transactions, such as changes in provisions. This means that, taken as one year, surplus/deficit may not represent the underlying financial operational performance.

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