College Annual Report and Accounts 2013-2014
DOWNING COLLEGE CAMBRIDGE ANNUAL REPORT AND ACCOUNTS for the financial year ending 30 June 2014 The West Range ©Tim Rawle www.dow.cam.ac.uk 2 Contents 5. Financial Highlights 6. Members of the Governing Body 9. Officers and Principal Professional Advisors 11. Report of the Governing Body 67. Financial Statements 77. Principal Accounting Statements 78. Consolidated Income & Expenditure Account 79. Consolidated Statement of Total Recognised Gains and Losses 80. Consolidated Balance Sheet 82. Consolidated Cashflow Statement 85. Notes to the Accounts 3 4 Financial HIGHlIGHtS 2014 2013 2012 £ £ £ Highlights Income Income 10,155,889 9,663,733 9,239,544 Donations and Benefactions Received 5,292,916 3,124,484 2,304,365 Financial | Conference Services Income 2,042,832 2,130,085 1,875,620 Operating Surplus/(Deficit) 320,009 336,783 306,969 2014 Cost of Space (£ per m2) £150.87 £150.20 £156.65 College Fees: June Publicly Funded Undergraduates £4,068/£4,500 £3,951/£4,500 £3,951 30 Privately Funded Undergraduates £7,350 £6,999 £6,000 Graduates £2,424 £2,349 £2,289 Ended loss on College Fee per Student £2,436 £2,630 £1,995 Year Capital Expenditure Investment in Historical Buildings 1,751,811 573,388 446,851 Investment in Student Accommodation 1,499,507 740,562 2,784,000 Assets Free Reserves 8,349,966 13,372,300 11,499,498 Investment Portfolio 35,775,344 34,917,793 31,785,279 Spending Rule Amount 1,617,819 1,543,197 1,505,631 total Return 7.6% 9.2% 6.2% total Return: 3 year average 7.7% 10.3% 10.6% Return on Property 5.8% 7.6% 11.4% Return on Property:
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