Royal College of Art Accounts 2001/2002 ‘The objects of the College are to advance learning, Contents knowledge and professional competence 02 Rector’s Introduction particularly in the field of fine arts, in the 03 Treasurer's Report for the year ended 31 July 2002 principles and practice of art and design in their 04 Corporate Governance relation to industrial and commercial processes 04 Responsibilities of the Council and social developments and other subjects 05 Council Members relating thereto through teaching, research and 06 Independent Auditors' Report to the Council collaboration with industry and commerce.’ 07 Statement of Principal Accounting Policies Charter of Incorporation of the Royal College of Art, 28 July 1967 08 Audited Financial Statements for the year ended 31 July 2002

21 Administrative Matters

22 Student Admissions

Visitor: HRH The Prince Philip Provost: The Earl of Snowdon Pro-Provost and Chairman of Council: Ian Hay Davison Rector and Vice-Provost: Professor Sir Christopher Frayling

Royal College of Art Kensington Gore London SW7 2EU tel: +44 (0)20 7590 4444 fax: +44 (0)20 7590 4500 email: [email protected] website: www.rca.ac.uk 1 Rector’s Introduction Treasurer's Report for the year ended 31 July 2002

The Royal College of Art Accounts, together with the accompanying Rector’s Review, Scope of the Financial Statements The College has begun preliminary discussions with a major charitable trust about the possibility of occupying a building in The financial statements comprise the consolidated results of the reflect the academic and financial progress of the College over the past year. the Royal Borough of Kensington and Chelsea for teaching and, College, including its General Awards funds and Centenary possibly, student accommodation. Scholarships. The College had no operating subsidiaries during The College’s accounts show a significant but predicted deficit for the year. This is the year, although it has two dormant subsidiary companies, RCA Cash Flow due to the preliminary fees and expenses which have been incurred in order to Design Group Ltd and Lion & Unicorn Press Ltd. The College set The increase in cash resources is due to the receipt of the £1m up an exempt charity, the RCA Foundation, to deal with contribution for the Ellipse project from the Garfield Weston progress the ellipse project to RIBA Stage D – the point at which planning consent fundraising activities, in 2000. No transactions have been Foundation. The College’s operations actually generated a net can be sought. Council agreed that the College would underwrite the project to this recorded by the Foundation as yet. cash inflow of around £44,000. point; however, no further College funds will be spent on it and therefore it will Results for the Year Future Developments progress beyond Stage D only when external funding is secured. Leaving aside the The College's income and expenditure results for the year to 31st Demand for places at the College continues to outstrip the July 2002 are summarised as follows: number available by a considerable margin. However, the costs of the ellipse the College’s financial position showed a small improvement on College is constrained by space from taking many more students 2001/02 2000/01 than are currently accommodated. Our costs are rising at a more that of last year. Our operations generated a surplus of just over £170,000. But the £000s £000s rapid rate than public funding (HEFCE funding and home/EU future prospects are uncertain, and the College is already taking steps to ensure fees). It is likely therefore that the College will have to continue Income 19,339 18,258 its programme of costs reductions in future years. Other sources that its financial position can be secured in a climate of continual reductions in the Expenditure 19,167 18,131 of income will also have to be considered, including the College’s real level of public funding. Operating Surplus 172 127 policy on fees and charges. Ellipse Project Costs 740 120 Overall (Deficit)/Surplus (568) 7 Payment of Creditors I would like to thank the Heads of School, and indeed all the staff of the College at The College is fully committed to the prompt payment of its suppliers' invoices, and aims to pay in accordance with all levels for their continued efforts and commitment. Special thanks are due to the The overall deficit, which was expected, is due to preliminary contractual conditions, or where no such conditions exist, within Pro-Rector, Professor Alan Cummings, the Director of Administration, Garry fees and other expenses which have been incurred in order to 30 days of receipt of invoice or of the goods or services take the Ellipse project to the point at which planning permission concerned, if this is later. Philpott, and all the staff who have contributed to the College’s self-evaluation for can be sought. The College has not yet raised the funds necessary to complete the project, although an initial donation of Pension Scheme the institutional audit by the Quality Assurance Agency. I would also like to thank £1m has been received from the Garfield Weston Foundation. The College’s pension scheme, shows a considerable deficit on However, it has not been possible to use this to defray the the Provost, Lord Snowdon, the Pro-Provost and Chairman of Council, Ian Hay its FRS 17 valuation. We have also learned that the scheme had a preliminary costs because it will have to be returned to the deficit of £1.518 million at 31 July 2001, a fact which the College Davison, and others who have served the College so well as Council Members Foundation if the project does not proceed to completion. was not aware of at the time due to an error on the part of the Therefore it is being held on deposit pending the raising of during the year. Particular thanks are due to Julian Harrison, who retired as scheme managers, who reported a surplus of £3.988 million. sufficient funds to allow construction to proceed. Council has This has created a problem which the College is taking urgent Treasurer at the end of December 2001 after 10 years’ distinguished service, and to agreed that no further expenditure on the project will be incurred steps to tackle. We are in discussions with HEFCE, national HE beyond RIBA Stage D unless external funding is found. Oliver Stocken, who took over as Treasurer and Chairman of the Finance pension providers and other interested parties to ensure that the financial interests of the College and members of the pension Committee. Most importantly I would like to thank the students of the College, in all Leaving aside the effect of the Ellipse project there has been a scheme are safeguarded. departments, for making it such an invigorating and stimulating place during the small improvement in the College’s underlying performance. Income from all sources held up well in 2001/2002, and fee Oliver Stocken income was particularly healthy, helped by a rise in the number academic year 2001/2002. Treasurer of overseas students taking up places at the College.

I commend the Accounts to the Court. Investments There were no major changes in the College's investments during the year. The portfolio continues to be managed by J P Professor Sir Christopher Frayling, Rector, Royal College of Art Morgan Private Bank (formerly Fleming Private Asset Management) overseen by the College's Finance Committee. The falls in global markets in recent years have reduced the value of the College’s portfolio considerably – in 2001/2002 a loss of £353,000 was incurred, and this is shown in the Statement of Recognised Gains and Losses.

During the year the College received an endowment of £3m from the Helen Hamlyn Foundation. This is intended to finance the activities of the Helen Hamlyn Research Centre for the next 10 years. It has been placed under the management of JP Morgan Private Bank, who have invested it in UK government stocks.

Capital Projects The College is committed to take the Ellipse project to RIBA Stage D, which it is expected to reach shortly. This is not expected to incur costs beyond those paid and accrued in the accounts for 2001/2002. Further progress will be reviewed by Council in November, and will depend on the outcome of current fundraising efforts.

2 3 The Council has taken reasonable steps to: Members appointed by the Senate Corporate Governance Dr Jeremy Aynsley Risk Management • ensure that funds from the HEFCE are used only for the Professor Wendy Dagworthy On behalf of Council, the Audit Committee has commissioned the purposes for which they have been given and in accordance with Professor Dan Fern College’s internal auditors, Imperial College Internal Audit Financial Memorandum with the Funding Council and any other Mr Peter Hassell The College is a corporation formed by Royal Charter with Services, to review the effectiveness of the College's systems of conditions which the Funding Council may from time to time Professor Sandra Kemp charitable status, so it does not fall within the regulation of the internal control. The results were considered by management prescribe; Professor Martin Smith London Stock Exchange, but nevertheless the Council is satisfied and were summarised for review by the Audit Committee. The • ensure that there are appropriate financial and management Professor Glynn Williams that the College has, throughout the year ended 31 July 2002, Audit Committee is also responsible for the oversight of the controls in place to safeguard public funds and funds from other been in compliance with all the Code provisions set in Section 1 College's policies and procedures for Risk Management, in sources; One Student elected by the Students of the Combined Code on Corporate Governance insofar as they accordance with guidelines issued by the HEFCE. A risk • safeguard the assets of the College and prevent and detect Mr Harold Offeh relate to Colleges. management policy for the College has been approved by fraud; • secure the economical, efficient and effective management of Council, and a Risk Framework has been presented to the Audit Co-opted Members The College also complies with the Guide for Members of Committee. The risk management policy sets out the College’s the College's resources and expenditure. Mr Robert Ayling Governing Bodies of Universities and Colleges in England, Wales underlying approach to risk management and documents the Sir Terence Conran and Northern Ireland that was issued by the Committee of roles and responsibilities of senior managers, Council and other The key elements of the College's system of internal financial Mr Brian Godbold, Vice Chairman University Chairmen in April 2001. key parties. control, which is designed to discharge the responsibilities set Mr Mark Jones (from 1 October 2001) out above, include the following: Lord Oxburgh (until 30 September 2001) Summary of the Structure of Corporate Governance A number of other key plans and strategies have been drawn up, Ms Gail Rebuck The Council comprises lay and academic persons appointed including a disaster recovery plan and an IT security policy. • clear definitions of the responsibilities of, and the authority Mr Jeremy Sandelson under the College's Statutes, the majority of whom are non- These address areas of risk identified by the risk framework. delegated to, heads of academic and administrative departments; Ms Auriol Stevens executive. The roles of Chairman and Vice-Chairman of Council • a comprehensive medium and short-term planning process, Sir Richard Sykes (from 1 October 2001) are separated from the role of the College's Chief Executive, the During 2002/2003 it is intended to extend the risk framework to supplemented by detailed variance reporting and updates of Rector. The matters specifically reserved to the Council for lower levels of the College, so that more detailed assessments of forecast outturns; decision are set out in the College's Statutes; by custom and the risks involved in various aspects of the College’s activities • clearly defined and formalised requirements for approval and The following served as members of the other Committees under the HEFCE Financial Memorandum, the Council is can be made. Steps will also be taken to deal with the position of control of expenditure, with investment decisions involving responsible for the College's ongoing strategic direction, the College’s Pension Scheme, which has been identified as a capital or revenue expenditure being subject to formal detailed Finance Committee approval of major developments and receiving regular reports major risk area. appraisal and review according to approval levels set by the from Executive Officers on day to day operations. The Council Council; Mr Julian Harrison, Chairman (until 31 December 2001) Mr Oliver Stocken, Chairman (from 1 January 2002) meets at least three times a year and has several Committees, The College maintains a Register of Interests completed by • comprehensive Financial Regulations, detailing financial Mr Ian Hay Davison including a Finance Committee, an Audit Committee and a Council members and senior managers and these declared controls and procedures, approved by the Finance Committee Mrs Joanna Kennedy (from 1 January 2002) Remuneration Committee. All these Committees are formally interests are updated annually. The Director of Finance ensures and Council; Mr Sandy Nairne constituted with terms of reference and comprise mainly lay that any declared interest is brought to the attention of any • a professional Internal Audit team whose annual programme is members of Council. College committee when matters relevant to such interest are approved by the Audit Committee. Professor Sir Christopher Frayling considered. The Planning and Resources Committee recommends to the The Audit Committee, on behalf of the Council, has reviewed the Audit Committee Finance Committee the College's annual revenue and capital effectiveness of the College's system of internal control. Any Mr Jeremy Sandelson, Chairman budgets and monitors performance in relation to the approved system of internal financial control can, however, only provide Mr David Bennington budgets. The Planning and Resources Committee advises reasonable, but not absolute, assurance against material Lord Oxburgh (until 30 September 2001) Council on the College's overall objectives and priorities and the Responsibilities of the Council misstatement or loss. Mr Antony Snow strategies and policies to achieve them. The Nominations Committee considers nominations for vacancies on Council and The Council is responsible for the administration and Planning and Resources Committee Committee membership under the relevant Statute. The management of the affairs of the College and is required to Professor Sir Christopher Frayling, Chairman Remuneration Committee determines the remuneration of the present audited financial statements for each financial year. Professor Alan Cummings most senior staff. Council Members Mr Garry Philpott The Council is responsible for keeping proper records which Mr Alan Selby The Audit Committee meets three times annually, with the disclose with reasonable accuracy at any time the financial The following served as members of Council during the year: Mr Nick Cattermole External Auditors, to discuss audit findings and with the Internal position of the College and enable it to ensure that the accounts Dr Jeremy Aynsley Auditors, to consider detailed internal audit reports and are prepared in accordance with the Royal Charter and the Ex officio Professor Wendy Dagworthy recommendations or the improvement of the College's systems Statement of Recommended Practice For Accounting in Higher The Provost, Lord Snowdon Professor John Drane of internal control, together with management's response and Education Institutions (SORP) and other relevant accounting The Chairman and Pro-Provost, Mr Ian Hay Davison Professor Dan Fern implementation plans. It also receives and considers reports standards. In addition, within the terms and conditions of the The Rector and Vice-Provost, Professor Sir Christopher Frayling Mr Peter Hassell from HEFCE as they affect the College's business and monitors Financial Memorandum agreed between the Higher Education The Treasurer, Mr Julian Harrison (until 31 December 2001) Professor Sandra Kemp adherence to the regulatory requirements. Whilst senior Funding Council for England (HEFCE) and the Council of the The Treasurer, Mr Oliver Stocken (from 1 January 2002) Ms Sally Mason management team members attend meetings of the Audit College, the Council, through its designated office holder, is The Pro Rector, Professor Alan Cummings Professor Martin Smith Committee as necessary, they are not members of the required to prepare accounts for each financial year which give a The President of the Students’ Union, Ms Eloïse Calandre Professor Glynn Williams Committee, and the Committee may meet with the External true and fair view of the state of affairs of the College and of the surplus or deficit for that year. Auditors on their own for independent discussions. Members appointed by the Court Remuneration Committee Dr John Bellany Mr Ian Hay Davison, Chairman In causing the accounts to be prepared, the Council has to Sir Neil Cossons Sir Neil Cossons ensure that: Mr James Dyson Mr Brian Godbold Lady Hamlyn Mr Julian Harrison (until 31 December 2001) • suitable accounting policies are selected and applied Mrs Caromy Hoare (until 14 March 2002) Mr Oliver Stocken (from 1 January 2002) consistently; Mr Robin Levien Professor Sir Christopher Frayling • judgements and estimates are made that are reasonable and Mrs Joanna Kennedy (from 1 October 2001) prudent; Mr Sandy Nairne • applicable accounting standards have been followed, subject to Sir Idris Pearce any material departures disclosed and explained in the financial Mr Antony Snow statements; Mr Oliver Stocken • financial statements are prepared on the going concern basis.

4 5 Independent Auditors’ Report to the Council of the Royal College of Art Statement of Principal Accounting Policies

We have audited the financial statements which comprise the We planned and performed our audit so as to obtain all the 1. Accounting Convention Where equipment is acquired with the aid of specific grants it is income and expenditure account, the balance sheet, the cash information and explanations which we considered necessary in The Accounts for 2001/2002 have been drawn up in accordance capitalised and depreciated as above. The related grants are flow statement, the Statement Of Total Recognised Gains And order to provide us with sufficient evidence to give reasonable with the Statement of Recommended Practice for Accounting in treated as deferred capital grant received in advance and Losses and the related notes which have been prepared under assurance that the financial statements are free from material Higher Education Institutions (SORP) and applicable Accounting released to income over the expected useful life of the equipment the historical cost convention and the accounting policies set out misstatement, whether caused by fraud or other irregularity or Standards published in June 2000. The financial statements have (the period of the grant in respect of specific research projects). in the Statement Of Principal Accounting policies. error. In forming our opinion we also evaluated the overall been prepared under the historical cost convention, as modified adequacy of the presentation of information in the financial by the revaluation of endowment asset investments and of 7. Art Collection Respective Responsibilities of the Council and Auditors statements. buildings for which a cost is not readily ascertainable. The College Art Collection consists mainly of works of art The Council's responsibility for preparing the financial acquired free of charge from former students and artists statements in accordance with the Accounts Direction issued by Opinion 2. Basis of Accounts associated with the College. It is not included in the Fixed Assets the Higher Education Funding Council for England, the In our opinion: The Financial Statements include the results of the College and as there is no present intention of disposals. A revaluation was Statement of Recommended Practice – Accounting for Further its General Awards and Specific Awards, Restaurant and Senior carried out in October 2002, the results of which will be available and Higher Education Institutions, applicable United Kingdom i. The financial statements give a true and fair view of the state of Common Room activities, but exclude the Development Fund and shortly. law and accounting standards is set out in the Statement of the affairs of the College at 31 July 2002, and of the deficit of income the Student Fund which are constituted under separate Trusts, Council's Responsibilities. over expenditure, recognised gains and losses and cashflows of and the accounts of the Students' Union which runs its own 8. Investments the College for the year then ended and have been properly affairs separately from the College but under its general Endowment Asset Investments are included in the Balance Sheet Our responsibility is to audit the financial statements in prepared in accordance with the Statement of Recommended supervision. The accounts of the subsidiaries, the RCA Design at market value. accordance with relevant legal and regulatory requirements, and Practice - Accounting for Further and Higher Education Group Ltd, Lion & Unicorn Press Ltd and the RCA Foundation, United Kingdom Auditing Standards issued by the Auditing Institutions. have not been consolidated as these organisations were dormant Practices Board. 9. Stocks during 2001/2002. Stocks of consumables in the College Shop, Restaurant and ii. In all material respects, income from the Higher Education Senior Common Room are valued at the lower of cost or net We report to you our opinion as to whether the financial Funding Council for England, grants and income for specific realizable value. In addition the College holds quantities of gold statements give a true and fair view and are properly prepared in purposes and from other restricted funds administered by the 3. Recognition of Income and silver loaned by Rothschild and Sons and Metalor Limited for accordance with the Statement of Recommended Practice – College have been applied only for the purposes for which they Income from Specific Endowments and Donations, Research teaching purposes. These are valued at approximately £10,000 Accounting for Further and Higher Education Institutions. We were received. Grants, Contracts and Other Services Rendered is included to the also report to you whether in our opinion, income from funding and not included in the accounts. extent of the expenditure incurred during the year, together with bodies, grants and income for specific purposes and from other iii. In all material respects, income has been applied in any related contributions toward overhead costs. All income from restricted funds administered by the college, have been properly accordance with the College's statutes and where appropriate in 10. Maintenance of Premises short-term deposits and General Endowment Asset Investments applied in all material respects for the purposes for which they accordance with the Financial Memorandum dated 1 August 2000 The College has a rolling maintenance plan which is reviewed on is credited to the Income and Expenditure Account on a were received, and whether income has been applied in all with the Higher Education Funding Council for England. an annual basis. The cost of routine and corrective maintenance material respects in accordance with the College's statutes and receivable basis. is charged to the income and expenditure account as incurred. where appropriate with the financial memorandum with the PricewaterhouseCoopers Higher Education Funding Council for England. We also report to Chartered Accountants and Registered Auditors 4. Access Fund 11. Taxation Status you if, in our opinion, the College has not kept proper accounting Southwark Towers Access Funds received for payment to students have not been The College is an exempt charity within the meaning of Schedule records, the accounting records do not agree with the financial 32 London Bridge Street included in the income and expenditure account. 2 of the Charities Act 1993 and as such is a charity within the statements, or if we have not received all the information and London SE1 9SY meaning of Section 506(1) of the Taxes Act 1988. Accordingly, the explanations we require for our audit. 5. Land and Buildings College is exempt from taxation in respect of income or capital 28 November 2002 Land and Buildings are stated at cost or, in the case of buildings gains received within categories covered by Section 505 of the We read the other information contained in the Financial for which the cost cannot readily be ascertained, at valuation. A Taxes Act 1988 or Section 256 of the Taxation of Chargeable Statements and consider the implications for our report if we revaluation was carried out in December 1998 by Chartered Gains Act 1992 to the extent that such income or gains are become aware of any apparent misstatements or material Quantity Surveyors and depreciated from 1st August 1998 over applied to exclusively charitable purposes. The College receives inconsistencies with the financial statements. The other the remaining life of the lease. Under FRS 15 the College has no similar exemption in respect of Value Added Tax. information comprises only the Treasurer's report and the opted to use this valuation as the Balance Sheet value, and not to corporate governance statement. make regular revaluations. 12. Pension Scheme The principal pension scheme for the College's staff is the Royal The maintenance and integrity of the Royal College of Art website Where buildings are acquired with the aid of specific grants they College of Art Retirement Benefits Scheme. The Scheme is a is the responsibility of the Council; the work carried out by the are capitalised and depreciated as above. The related grants are defined benefit scheme which is externally funded and auditors does not involve consideration of these matters and, treated as deferred capital grants and released to income over contracted out of the State Earnings-Related Pension Scheme. accordingly, the auditors accept no responsibility for any changes the expected useful life of the buildings. The Fund is valued every three years by actuaries using the that may have occurred to the financial statements since they defined accrued benefit method, the rates of contribution payable were initially presented on the website. By decision of the Council between June 1988 and June 1990, a being determined by the trustees on the advice of the actuaries. project to redevelop the Gulbenkian Hall at a cost of £2,021,194 Pension costs are assessed on the latest actuarial valuations of Legislation in the United Kingdom governing the preparation and was approved to be financed from the Development Fund which the Scheme and are accounted for on the basis of charging the dissemination of financial statements may differ from legislation is not consolidated in this account. Under a Gentleman's cost of providing pensions over the period during which the in other jurisdictions. Agreement dated 7th July 1989, the College shall use all College benefits from the employees' services. The disclosures in reasonable endeavours to raise monies to repay the sum within the financial statements under the Financial Reporting Standard Basis of Opinion fifty years. 17 and SSAP 24 are detailed in note 22 to the accounts. We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board, and the Audit Code of All costs of the Ellipse project have been expensed during the 13. Foreign Currencies Practice issued by the Higher Education Funding Council for year given the uncertainties surrounding the project. Transactions denominated in foreign currencies are recorded at England. An audit includes examination, on a test basis, of the rate of exchange ruling at the dates of the transactions. evidence relevant to the amounts and disclosures in the financial 6. Equipment Monetary assets and liabilities denominated in foreign currencies statements. It also includes an assessment of the significant Equipment, including microcomputers and software, costing less are converted into sterling at year-end rates. The resulting estimates and judgements made by the Council in the than £10,000 per individual item or group of related items is exchange differences are dealt with in the determination of preparation of the financial statements, and of whether the written off in the year of acquisition. All other equipment is income and expenditure for the financial year. accounting policies are appropriate to the College’s capitalised. Capitalised equipment is stated at cost and circumstances, consistently applied and adequately disclosed. depreciated over its expected useful life, as follows: Computing Equipment 3 years; Other Equipment 5 years. 6 7 Income and expenditure account for the year ended 31 July 2002 Balance Sheet as at 31 July 2002

Note 2001/2002 2000/2001 Note 2001/2002 2000/2001 £'000 £'000 £'000 £'000 Fixed Assets Tangible Assets 9 59,054 59,158 Income Funding Council Grants 1 11,070 10,405 Academic Fees and Support Grants 2 3,915 3,579 Endowment Asset Investments 10 5,534 2,856 Research Grants and Contracts 3 1,222 1,276 Other Operating Income 4 2,312 2,219 Endowment Income and Interest Receivable 5 820 779 Current Assets Stocks and Stores in Hand 36 36 TOTAL INCOME 19,339 18,258 Debtors 11 641 745 Short-term Deposits 12 2,037 1,409 Cash at Bank and in Hand 12 - 240 Expenditure Total Current Assets 2,714 2,430 Staff Costs 6 8,986 8,177 Depreciation 9 928 853 Other Operating Expenses 7 10,641 9,868 Creditors : Amounts Falling Due Within One Year 13 (2,781) (2,044) TOTAL EXPENDITURE 8 20,555 18,898

Deficit after Depreciation of Assets at Valuation (1,216) (640) Net Current Assets/(Liabilities) (67) 386

All of the College Operations are Continuing Provisions 14 (91) -

Note of Historical Cost Surplus for the year ended 31 July 2002 NET ASSETS 64,430 62,400 Note 2001/2002 2000/2001 £'000 £'000 Represented by : Deficit after Depreciation of Assets at Valuation (1,216) (640) Deferred Capital Grants 15 1,531 963 Difference Between the Historical Cost Depreciation Charge and the Actual Depreciation Charge for the Year Endowments Calculated on the Revalued Amount 17 648 647 Specific 16 5,100 2,194 General 16 434 662 Historical Cost (Deficit)/Surplus (568) 7 Total Endowments 5,534 2,856

The College did not incur any tax liability during the year. Reserves Revaluation Reserve 17 55,670 56,318 Income and Expenditure Account 18 1,695 2,263 Total Reserves 57,365 58,581

TOTAL 64,430 62,400

The financial statements on pages 8 to 20 were approved by the Council on 28 November 2002 and signed on its behalf by

Professor Sir Christopher Frayling Oliver Stocken Rector Treasurer

8 9 Cash Flow Statement For The Year Ended 31 July 2002 Notes to the accounts for the year ended 31 July 2002

2001/2002 2000/2001 2001/2002 2000/2001 Note £'000 £'000 £'000 £'000 1. HEFCE FUNDING COUNCIL GRANTS Net Cash (Outflow) from Operating Activities 23 (3,603) (454) Recurrent Grant 10,340 10,209 Returns on Investments and Servicing of Finance 24 316 347 Specific Grants 612 105 Capital Expenditure and Financial Investment 25 2,959 106 Deferred Capital Grants Released in Year Cash (Outflow) Before Use of (328) (1) Buildings (Note 15) 7 7 Liquid Resources and Financing Equipment (Note 15) 111 84

Management of Liquid Resources 372 (9) TOTAL 11,070 10,405

Increase/(Decrease) in Cash 44 (10) Access Fund have not been included in the Income and Expenditure Account: (Accounting policies note 4)

Reconciliation of Net Cash Flow to Movement in Net Funds 2001/2002 2000/2001 £'000 £'000 2001/2002 2000/2001 Note £'000 £'000 Balance B/F as at 1 August 1 (1) Received from HEFCE 147 165 Increase/(Decrease) in Cash in the Period 26 44 (10) Payments made to Students (145) (163) Increase in Short-term Deposits 26 628 9 BALANCE C/F AS AT 31 JULY 3 1 Change in Net Funds 672 (1)

NET FUNDS AT 1 AUGUST 2,089 2,090 2. ACADEMIC FEES AND SUPPORT GRANTS

NET FUNDS AT 31 JULY 2,761 2,089 2001/2002 2000/2001 £'000 £'000

Full-time Home Fees 2,038 1,984 Statement of Total Recognised Gains and Losses For the year ended 31 July 2002 Overseas Fees 1,581 1,283 Part-time Home Fees 61 84 2001/2002 2000/2001 Short Course Fees 235 228 Note £'000 £'000 TOTAL 3,915 3,579

(Deficit) After Depreciation of Assets at Valuation and Tax (1,216) (640) (Depreciation)/Appreciation of Endowment Asset Investments 16 (353) 23 3. RESEARCH GRANTS AND CONTRACTS Endowment Income Retained for Year 10 3,031 185 TOTAL RECOGNISED GAINS/(LOSSES) RELATING TO THE YEAR 1,462 (432) 2001/2002 2000/2001 £'000 £'000

Reconciliation Research Councils Grants 565 319 Charitable Foundations 422 431 Opening Reserves and Endowments 61,437 UK Industries and Commerce 232 253 Total Recognised Gains and Losses for the Year 1,462 Overseas 3 253 Closing Reserves and Endowments 62,899 Other - 21 TOTAL 1,222 1,276

4. OTHER OPERATING INCOME

2001/2002 2000/2001 £'000 £'000

Lettings 164 172 Catering Services 560 587 Other Services Rendered 705 614 Degree Shows Income 299 329 Other Deferred Grants Released 93 2 Other Income 491 515 TOTAL 2,312 2,219

10 11 5. ENDOWMENT INCOME AND INTEREST RECEIVABLE 7. OTHER OPERATING EXPENSES

2001/2002 2000/2001 2001/2002 2000/2001 £'000 £'000 £'000 £'000

Endowment Income 525 454 Academic Courses 1,939 2,090 Interest from Investment 194 168 Central Library and Learning Resources 220 197 Other Interest Receivable 101 157 Computing and Information Services 155 214 TOTAL 820 779 Administrative Services 319 473 External Auditors Remuneration 29 27 Rents and Rates 256 244 6. STAFF COSTS 2001/2002 2000/2001 Heat, Light, Water and Power 239 246 £'000 £'000 Premises Repairs and Maintenance 1,152 1,059 Ellipse Building Project 740 397 Contracted Staff 6,683 6,081 Degree Shows 342 304 Projects and Other Staff 724 697 Grants to Students' Union 62 71 7,407 6,778 Staff and Students Facilities 62 65 Social Security Costs 578 594 Scholarships and Prizes 793 633 Other pension Costs (Note 22) 910 805 Catering 325 311 Exceptional Restructuring Costs 91 - Research Projects Expenditure 466 539 TOTAL 8,986 8,177 Sponsored Projects/Exhibitions etc 444 186 HEFCE Student Bursaries 2,434 2,358 HEFCE Earmarked Grant Expenditure 377 68 2001/2002 2000/2001 Other Expenses 287 385 £'000 £'000 TOTAL 10,641 9,868

Emoluments of the Rector 120 111 Some of the above expenditure has been reclassified to reflect changes in expenditure patterns in 2001/2002. This has not altered the - plus Pension Costs 21 19 2000/2001 total expenditure. TOTAL 141 130

Number Number 8. ANALYSIS OF 2001/2002 EXPENDITURE BY ACTIVITY 2001/2002 2000/2001 Average Full-time Equivalent Staff Numbers Other by Major Category: Staff Operating Total Academic Courses and Services 145 138 Costs Depreciation Expenditure Expenditure Premises 29 28 £'000 £'000 £'000 £'000 Catering 15 14 Research 36 27 Academic Departments 4,518 148 1,939 6,605 Administrative and Other 48 48 Academic Services 900 84 375 1,359 TOTAL 273 255 Administrative Services 1,372 - 364 1,736 General Educational 453 - 506 959 2001/2002 2000/2001 HEFCE Bursaries - - 2,434 2,434 Remuneration of Higher Paid Staff : Number Number Student Awards and Support - - 793 793 Other Services 229 - 767 996 £50,000 - £60,000 9 4 Staff and Student Facilities 104 - 124 228 £60,000 - £70,000 1 2 Premises 248 696 2,548 3,492 £70,000 - £80,000 1 - Catering 315 - 325 640 Research Grants and Contracts 756 - 466 1,222 Restructuring Costs 91 - - 91

TOTAL PER INCOME AND EXPENDITURE ACCOUNT 8,986 928 10,641 20,555

The Depreciation Charge has been funded by : Deferred Capital Grants Released (Note 15) 211 Revaluation Reserve Released (Note 17) 648 General Income 69 TOTAL 928

12 13 9. TANGIBLE FIXED ASSETS 12. ANALYSIS OF CASH BALANCES

Land and 2001/2002 2000/2001 Buildings Equipment Total £'000 £'000 £'000 £'000 £'000 Book Value Cash at Bank and in Hand - 240 At 1 August 2001 Short-term Investment 2,037 1,409 Cost/Valuation 60,978 1,235 62,213 TOTAL CASH BALANCES 2,037 1,649

Additions at Cost - 824 824 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR At 31 July 2002 60,978 2,059 63,037 2001/2002 2000/2001 Depreciation £'000 £'000 At 1 August 2001 (2,127) (928) (3,055) Charge for year (678) (250) (928) Bank Overdraft 47 - At 31 July 2002 (2,805) (1,178) (3,983) Sundry Creditors 376 653 Social Security and Other Taxation Payable - 223 Net Book Value VAT Payable - 23 At 31 July 2002 58,173 881 59,054 Accrued Expenditure 338 181 Deferred Income- Projects and Sponsorships 793 561 Deferred Donation for Ellipse Project * 1,000 - At 1 August 2001 58,851 307 59,158 Other Deferred income 227 403 TOTAL 2,781 2,044

The transitional rules set out in FRS 15 Tangible Fixed Assets have been applied on implementing FRS 15. * This donation will need to be returned to Garfield Weston Foundation if the project does not proceed to completion. Accordingly the book value at implementation have been retained.

Land and buildings were valued in 1998 at depreciated replacement cost by a firm of chartered surveyors.

14. PROVISIONS FOR LIABILITIES AND CHARGES

Restructuring 10. ENDOWMENT ASSET INVESTMENTS 2001/2002 £'000 2001/2002 2000/2001 At 1 August - £'000 £'000 Provided in Year for Restructuring 91 At 31 July 91 Balance at 1 August 2001 2,856 2,648 Additions 3,031 185 The provision has been created during the year in accordance with FRS12 for restructuring within the College. The costs relate to staff (Depreciation)/Appreciation (353) 23 redundancies and would be paid after the year-end. Balance at 31 July 2002 5,534 2,856

Represented by: 15. DEFERRED CAPITAL GRANTS Fixed Interest Stocks (listed) 3,080 1,234 Equities (listed) 1,683 1,182 2001/2002 2000/2001 Cash Balances 771 440 £'000 £'000 TOTAL5,534 2,856 At 1 August Buildings 779 788 Equipment 184 38 11. DEBTORS TOTAL 963 826

2001/2002 2000/2001 Addition - Equipment 779 230 £'000 £'000 Amounts Falling Due Within One Year Released to Income and Expenditure Buildings (9) (9) Debtors 343 324 Equipment (202) (84) Prepayments 58 46 TOTAL** (211) (93) Accrued Income 240 346 Deferred Expenditure - 29 At 31 July TOTAL 641 745 Buildings 770 779 Equipment 761 184 TOTAL 1,531 963

** Includes £93k from other non-HEFCE Deferred Grants.

14 15 16. ENDOWMENTS 19. LEASE OBLIGATIONS 2001/2002 2000/2001 2001/2002 2000/2001 £'000 £'000 Specific General Total Total £'000 £'000 £'000 £'000 Operating lease commitments in respect of building and equipment for the 2001/2002 financial year, on lease expiring: Balance as at 1 August 2,194 662 2,856 2,648 (Depreciation)/Appreciation of Endowment Asset Investments (153) (200) (353) 23 Between One and Five Years 24 - Income for Year 3,219 532 3,751 807 Over Five Years 165 181 Transferred to Income and Expenditure Account (Note 5) (160) (560) (720) (622) TOTAL 189 181 Balance as at 31 July 5,100 434 5,534 2,856

20. CAPITAL COMMITMENTS Representing: There are no other significant capital commitments as at 31 July 2002 other than the £194K accrued for the Ellipse building project. Centenary Scholarships Funds 1,264 - 1,264 1,275 This will take the project to RIBA Stage D, and further progress will depend on additional funds being raised. Helen Hamlyn Endowment Fund 2,948 - 2,948 - Other Scholarships and Prizes Funds 888 434 1,322 1,581 TOTAL5,100 434 5,534 2,856 21. CONTINGENT LIABILITY The College has no significant contingent liabilities.

17. REVALUATION RESERVE 22. PENSION SCHEMES Land and Buildings Equipment Total A. Balance Sheet and Notes £'000 £'000 £'000 1. Pension Cost Note Valuation/Cost The following notes provide full disclosure of the College pension details under both SSAP24 and FRS 17. At 1 August 58,260 98 58,358 SSAP 24 Disclosure: Contributions to Depreciation The College operates a defined benefit scheme in the UK. The scheme is managed by AON Ltd. A full actuarial valuation was carried At 1 August (1,942) (98) (2,040) out as at 31 July 1999 by a qualified independent actuary. A review is currently been undertaken by the actuaries to update the Released in Year (Note 8) (648) - (648) valuation as at 31 July 2002. The results of this valuation are currently unavailable. At 31 July (2,590) (98) (2,688) The assumptions made on the actuarial valuation as at 31 July 1999 using the Defined Accrued Benefits Method, together with the Net Revaluation Amount market value of assets and funding level were: At 31 July 55,670 - 55,670 Rate of Return on Investments 8.0% pa compound pre-retirement age Rate of Return on Investments 6.5% pa compound post-retirement age At 1 August 56,318 - 56,318 Rate of Increase in Salaries 5.5% pa compound Retail Price Inflation 4.0% pa compound Dividend Growth 5.0% pa compound 18. INCOME AND EXPENDITURE RESERVE Market Value of Assets £32,469,000 Level of Funding 101% 2001/2002 2000/2001 £'000 £'000 Based on the above assumptions the level of funding using the Projected Accrued Benefit Method was 104%.

Deficit after Depreciation of Assets at Valuation (1,216) (640) For the purpose of determining the pension cost the results of the formal valuation were rolled forward to 31 July 2001 using a Released from Revaluation Reserve 648 647 market value of assets and the Projected Accrued Benefits Method. The assumptions used for this purpose included an interest rate Historical Cost Surplus after Tax (568) 7 of 6.9% pa pre-retirement age, 5.4% pa post-retirement age, inflation of 2.6% pa and salary increases of 4.1% pa. The results revealed a small deficit and a funding level of 100%.

Balance B/F at 1 August 2,263 2,256 The ongoing employer's regular cost is 18.8% of pensionable salaries. In accordance with SSAP24, the regular charge to the profit and loss account is £965,000.

Balance at 31 July 1,695 2,263 This is increased by £13,000 to allow for the amortisation of the Scheme deficit over the average remaining working lives of the members (14 years).

The College's contribution paid to the scheme in the year totalled £910,000.

16 17 FRS 17 Disclosure: B) Analysis of Amount Charged to Operating Surplus

The accounts have been prepared using in accordance with current transitional arrangement included within the FRS17. 31 July 2002 The following has therefore been prepared for disclosure purposes only. £'000

The College operates a defined benefit scheme in the UK. The actuary has valued the pension scheme in accordance with FRS 17 and Current Service Cost 1,114 disclosures are as follows. The major assumptions used by the actuary were: Past service Cost - Previously Unrecognised Surplus deducted From the Past Service Costs - At At Gains and Losses on any Settlements and Curtailments - 31 July 2002 31 July 2001 Total Operating Charge 1,114 %%

Rate of increase in salaries 4.0 4.1 C) Analysis of Amount Credited to Other Finance Income Rate of increase to pensions in payment accrued before 1 August 1998 5.0 5.0 Rate of increase to pensions in payment accrued after 31 July 1998 2.5 2.6 31 July 2002 Rate of increase of deferred pensions accrued before 1 August 1998 5.0 5.0 £'000 Rate of increase of deferred pensions accrued after 31 July 1998 2.5 2.6 Expected Return on Pension Scheme Assets 2,375 Discount rate 6.1 5.8 Interest on Pension Scheme Liabilities (2,168) Inflation assumption 2.5 2.6 Net Return 207

The assets in the scheme and the expected rate of return were: D) Analysis of Amount Recognised in Statement of Total Recognised Gains and Losses (STRGL) Long-term rate Long-term rate of return of return 31 July 2002 expected at Value at expected at Value at £'000 31 July 2002 31 July 2002 31 July 2001 31 July 2001 % £'000 % £'000 Actual return less Expected Return on Pension Scheme Assets (7,219) Experience Gains and Losses arising on the Scheme Liabilities 254 Equities 6.9 20,012 6.9 27,418 Changes in Financial Assumptions Underlying the scheme Liabilities 2,233 Bonds 6.1 7,338 5.8 6,638 Actual (Loss) Recognised in STRGL (4,732) Other 6.1 3,630 5.8 1,652 TOTAL MARKET VALUE OF ASSETS 30,980 35,708 E) Movements in Surplus During the Year Present Value of Scheme liabilities (37,227) (37,226)* 31 July 2002 £'000 Deficit in the Scheme (6,247) (1,518)* Deficit in Scheme at Beginning of the Year (1,518)

* These figures have been restated by the pensions administrator, AON Consultancy Ltd, as the figures supplied last year were Movement in Year: incorrect due to a technical error in the calculations made by the administrator. Current Service Cost (1,114) Contributions 910 Past Service Costs 207 2. Presentation Other Finance Income (4,732) 31 July 2002 £'000 Actuarial Gain/(Loss) (6,247)

Net Assets Excluding Pension Asset 64,430 Net Pension Deficit (6,247) F) History of Experience Gains and Losses Net asset Including Pension asset 58,183 31 July 2002 £'000 3. Reserves Note Difference between the Expected and Actual return on Scheme Assets : 31 July 2002 £'000 Amount (£'000) (7,219) Income and Expenditure Reserve Excluding Pension Asset 1,695 Percentage of Scheme assets (23%) Pension Deficit (6,247) Income and Expenditure Reserve (4,552) Experience gains and Losses on Scheme Liabilities : Amount (£'000) 254 Percentage of the Present Value of the Scheme Liabilities 1%

Total Amount Recognised in Statement of Total Recognised Gains and Losses :

Amount (£'000) (4,732) Percentage of the Present Value of the Scheme Liabilities 13%

18 19 23. RECONCILIATION OF CONSOLIDATED OPERATING DEFICIT Other teaching appointments 2001/2002 2000/2001 Administrative Matters are as follows: £'000 £'000 At Convocation 2002 the following honorary doctorates Juliet Ash and fellowships were conferred: Deficit Before Tax (1,216) (640) Tutor, History of Design/Critical and Historical Studies Depreciation (Note 8) 928 853 HONORARY DOCTORS Deferred Capital Grants Released to Income (Note 15) (211) (93) Caroline Darke Jean Nouvel Investment and Endowment Interest (3,990) (521) Tutor, Fashion and Textiles (Increase) in Stocks (1) (3) Sergio Pininfarina James Turrell Decrease/(Increase) in Debtors 104 (330) Kate Davis Increase in Creditors 692 280 Tutor, Sculpture Increase in Provisions 91 - SENIOR FELLOWS Alice Rawsthorn Richard Jewell Philip Treacy Net Cash(Outflow) from Operating Activities (3,603) (454) Tutor, Printmaking Daniel Weil Qona Rankin HONORARY FELLOWS 24. RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Dyslexia Co-ordinator 2001/2002 2000/2001 Iwona Blazwick David Ciclitira £'000 £'000 Dominic Robson Alan Crawford Tutor, Interaction Design Income from Endowments 194 168 Anthony Hendley Diane Tammes Other Interest Received 122 179 Sue Saunders Nigel Wood Tutor, Fashion and Textiles Total 316 347 FELLOWS Keith Wilson Denise de Cordova Tutor, Sculpture 25. CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT Hilary French 2001/2002 2000/2001 Professor Sandra Kemp £'000 £'000 Peter Kennard The following senior staff left or retired during 2001/2002: Professor Irene McAra-McWilliam Tangible Assets Acquired (824) (334) Pam McDonald John Hewitt Endowment Assets Acquired 3,004 185 Professor Jeremy Myerson Senior Tutor, Printmaking Receipts from Sales of Endowment Assets - 25 Anne Toomey Deferred Capital Grants Received (Note 15) 779 230 The following senior staff appointments have been made: Deaths: Total 2,959 106 Kenneth Armitage Felicity Aylieff Honorary Doctor of the College Senior Tutor, died in January 2002 26. ANALYSIS OF CHANGES IN NET FUNDS Ceramics and Glass At Cash At Tom Bendhem David Crowley 1 August 2001 Flows 31 July 2002 Honorary Fellow of the College Deputy Head of Department, £'000 £'000 £'000 died in January 2002 History of Design Endowment Assets Investments (note 10) 440 331 771 Onno Boekhoudt Jeff Willis Cash in Hand and at Bank 240 (287) (47) Visiting Professor, Goldsmithing, Silversmithing, Metalwork Deputy Head of Department, Total 680 44 724 and Jewellery Communication Art and Design died in October 2002 Current Asset Investments 1,409 628 2,037 Colin Gammons Changes in Net Funds 2,089 672 2,761 Senior Technician, Fashion Menswear died in June 2002

27. RELATED PARTY TRANSACTIONS Robert Goodden Former Pro-Rector and Professor of Silversmithing Due to the nature of the College's operations and the make-up of its Council and staff it is inevitable that transactions will take place and Jewellery, Honorary Doctor and Senior Fellow of the College with external bodies, trusts and organisations with which Council members and/or staff may be associated. The College maintains a died in March 2002 Register of Interests in which all such interests are declared, and all transactions are conducted at arms' length and in accordance with the College's financial regulations. No transactions took place which require to be disclosed under FRS 8, Related Party Herbert Spencer Disclosures. Former Professor of Graphic Arts and Honorary Fellow of the College 28. POST BALANCE SHEET EVENTS died in March 2002

No events took place after the balance sheet date that require to be disclosed. Joseph Svoboda Honorary Doctor of the College died in April 2002

20 21 Admissions for the academic year 2002/2003 Total student numbers

Number of Total started applications October 2002 1996/97 1997/98 1998/99 1999/2000 2000/2001 2001/2002 2002/2003

School of Applied Art School of Applied Art Ceramics and Glass 79 21 Ceramics and Glass 43 45 44 45 45 44 42 Goldsmithing, Silversmithing, Metalwork and Jewellery (GSM&J) 38 21 GSM&J 37 36 42 41 42 41 40 School Total 117 42 School Total 80 81 86 86 87 85 82

School of Architecture and Design School of Architecture Architecture and Interiors 112 25 and Design Design Products 161 38 Architecture and Interiors 41 42 43 44 45 50 52 Industrial Design Engineering 77 19 Furniture* 33 31 28 > 65 67 60 70 Interaction Design* 79 16 Industrial Design* 31 33 37 Vehicle Design 84 17 Industrial Design Engineering 37 36 37 38 38 38 37 School Total 513 115 Interaction Design** 24 25 30 30 32 30 29 Vehicle Design 29 31 33 33 33 35 34 School of Communications School Total 195 198 208 145 215 213 222 Animation 80 14 Communication Art and Design 311 52 School of Communications School Total 391 66 Animation 21 21 23 23 23 24 27 Film and Television Direction 384311 School of Fashion and Textiles Graphic Design*** 52 59 54 Fashion Menswear 22 9 Illustration*** 60 60 57 > 116 115 119 122 Fashion Womenswear 110 22 School Total 171 144 137 140 139 143 149 Constructed Textiles 70 20 Printed Textiles 39 12 School of Fashion and Textiles School Total 241 63 Fashion Menswear 19 19 16 18 20 20 17 Fashion Womenswear 45 52 46 46 47 46 46 School of Fine Art Constructed Textiles 44 38 43 45 44 42 41 Painting 399 24 Printed Textiles 30 24 26 24 22 23 23 Photography 195 20 School Total 138 133 131 133 133 131 127 Printmaking 81 18 Sculpture 175 19 School of Fine Art Drawing Painting 43 48 48 47 47 46 50 School Total 850 81 Photography 28 29 34 35 38 37 42 Printmaking 36 36 40 38 37 39 37 School of Humanities Sculpture 38 36 39 38 36 43 41 Conservation 33 8 Drawing 154762 Curating Contemporary Art** 76 13 School Total 145 149 161 158 158 165 172 History of Design 43 20 School Total 152 41 School of Humanities Conservation 13 19 24 22 26 26 23 OVERALL TOTAL 2264 408 Curating Contemporary Art**** 25 24 25 25 25 26 26 History of Design 43 47 45 53 50 46 49 Humanities PhD 322221 *formerly Computer Related Design School Total 84 93 101 106 110 105 98 **formerly Visual Arts Administration Total Master's 777 761 783 788 798 801 817 Total PhD 36 37 41 45 44 41 33

OVERALL TOTAL 813 798 824 833 842 842 850

* Furniture and Industrial Design are now amalgamated as Design Products ** Formerly Computer Related Design *** Graphic Design and Illustration are now amalgamated as Communication Art and Design **** Formerly Visual Arts Administration

22 23 Editor/Publishing Manager: Will Dallimore Overseas students Design and Art Direction: Airside Printed by Lithosphere 1996/1997 1997/1998 1998/1999 1999/2000 2000/2001 2001/2002 2002/2003 Royal College of Art Argentina 1 1 1 1 Kensington Gore Australia 4 3 3 2 1 2 London SW7 2EU Austria 5 3 3 4 5 4 4 Belgium 4 4 5 10 10 5 4 tel: +44 (0)20 7590 4444 Bosnia and Herzegovina 2 1 fax: +44 (0)20 7590 4500 Brazil 3 4 3 2 1 1 email: [email protected] Bulgaria 1 1 1 1 Canada 4 2 4 8 5 4 5 website: www.rca.ac.uk Chile 11 China 1 2 1 3 5 7 Colombia 1 2 1 1 2 Croatia 1 1 Cyprus 11 Czech Republic 2 2 1 Denmark 6 9 13 15 15 17 21 Ecuador 1 El Salvador 1 1 Estonia 1 1 Finland 3 3 3 7 10 10 8 France 11 9 10 17 15 16 16 Germany 45 54 58 42 30 32 40 Ghana 11 Greece 13 14 14 11 12 14 19 Hong Kong 4 4 4 3 Hungary 1 2 2 2 1 India 5 4 2 1 4 6 4 Indonesia 1 1 1 1 Ireland 10 10 11 15 19 27 29 Israel 6 7 6 3 2 7 7 Italy 9 16 14 12 12 15 17 Jamaica 1 Japan 23 24 22 20 23 29 24 Lebanon 11 Lithuania 1 Luxembourg 1 1 Macedonia 1 1 1 1 Malaysia 1 1 1 Mauritius 1 Mexico 1 1 1 1 2 4 2 Netherlands 4 3 12 14 10 8 9 New Zealand 2 2 1 2 1 1 Nigeria 1 1 Norway 6 4 5 2 2 5 3 Peru 11 Philippines 1 1 Poland 2 2 3 3 1 2 Portugal 4 6 6 6 6 8 9 Romania 1 1 1 Russia 1 1 1 St Vincent 1 1 Singapore 1 1 1 2 1 Slovakia 2 1 1 1 Slovenia 1 1 1 1 South Korea 13 22 20 14 10 10 17 Spain 15 15 15 18 14 9 16 Sweden 5 11 15 18 18 26 27 Switzerland 2 1 1 2 2 3 1 Taiwan 8 6 3 4 4 1 2 Thailand 4 5 3 2 3 7 Trinidad and Tobago 1 Turkey 1 1 2 3 USA 15 10 10 17 11 19 21 Uzbekistan 1 Zambia 1 1

Total 248 273 291 295 263 310 330

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