ANNUAL REPORT and ACCOUNTS 30 June 2011
DOWNING COLLEGE CAMBRIDGE ANNUAL REPORT AND ACCOUNTS for the financial year ending 30 June 2011 2 Contents 5. Downing College Charitable Objects and Financial Highlights 6. Members of the Governing Body 9. Officers and Principal Professional Advisors 11. Report of the Governing Body 53. Financial Statements 63. Principal Accounting Statements 64. Consolidated Income & Expenditure Account 65. Consolidated Statement of Total Recognised Gains and Losses 66. Consolidated Balance Sheet 68. Consolidated Cashflow Statement 71. Notes to the Accounts 3 4 “One perpetual College for students in law, physic, and other useful arts and learning.” Financial HIGHLIGHTS 2011 2010 2009 £ £ £ Income Income 8,598,450 8,148,968 7,893,897 Donations and Benefactions Received 2,842,721 2,711,954 1,785,397 Conference Services Income 1,886,940 1,616,911 1,214,192 Operating Surplus/(Deficit) (367,715) (751,444) (1,049,034) Cost of Space (£ per m2) £193.93 £202.85 £204.77 College Fees: Publicly Funded Undergraduates £3,861 £3,744 £3,612 Privately Funded Undergraduates £5,304 £4,791 £4,515 Graduates £2,229 £2,184 £2,127 Loss on College Fee per Student £2,245 £2,503 £2,735 Capital Expenditure Investment in Historical Buildings 298,346 503,853 1,771,217 Investment in Student Accommodation 634,063 478,339 1,382,039 Assets Free Reserves 12,516,872 9,790,543 10,912,086 Highlights 2011 | Mission Statement and Financial Ended 30 June Year Investment Portfolio 29,252,221 25,211,440 24,162,211 Spending Rule Amount 1,467,740 1,497,688 1,830,995 Return on Securities 14.0% 7.2% -21.7% Return on Securities: 3 year average -1.46% -6.73% -5.95% Net Assets 134,421,462 125,348,459 122,748,031 5 DOWNING COLLEGE, CAMBRIDGE CB2 1DQ Patron: HRH The Duchess of Kent, GCVO Visitor: The Crown MEMBERS OF THE GOVERNING BODY Master : Professor Barry John Everitt, BSc (Hull), MA, PhD (Birmingham), ScD, DSc.
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