2020 Annual Report and Financial Statements Our vision is to sustain and improve upon our world‑leading reputation Governance for research and embrace educational innovation that 58 The Executive Team will nurture skilled, adaptable 64 Corporate Governance and resilient graduates. 74 Operating structure 76 Remuneration report 78 Our alumni engagement and fundraising Strategic Report 3 Key facts and figures 2019/20 17 Value for Money Report 4 Highlights from our community 27 Our Strategy Financial Statements 7 Highlights from our research 43 Community contribution 81 Independent auditors’ report 10 Facts and figures 46 Public benefit statement 83 Consolidated and Institution Statements 11 The Vice-Chancellor and the 50 Principal risks and of Comprehensive Income and Expenditure Chair of the Board of Trustees uncertainties 84 Consolidated and Institution Statements 13 Our operating context 55 Financial review of Changes in Reserves 15 Our value model 85 Consolidated and Institution Statements of Financial Position 86 Consolidated Statement of Cash Flows 87 Principal accounting policies Read this report online bristol.ac.uk/finance/statements 92 Notes to the Financial Statements 57 Governance 2 Strategic Report 80 Financial Statements Strategic Report Strategic Report Students in the teaching Students in a group singing labs, Dorothy Hodgkin class in the Department Building of Music University of Bristol | Annual Report and Financial Statements 2020 2 Strategic Report Key facts and figures 2019/20 The University continued its sustained growth in student numbers, growing by 7% in the 2019/20 academic year. £52 MILLION £ Academic Ranking of Student FTEs World Universities 2020: The University’s +7% 25,667 operating cashflow th remains strong, as do our 2015/16 20,365 64 increased investments 2016/17 21,808 in projects that support 2017/18 23,027 the University Strategy. 2018/19 23,966 £112 2019/20 25,667 MILLION of capital investment Staff FTEs focusing on the new Temple Quarter +6% ‑7% Enterprise Campus 7,256 Research income QS World University and ongoing Clifton 2015/16 5,781 from competitively Rankings 2021: campus work including 2016/17 6,066 won grants completing the new 2017/18 6,542 th ‑9 Humanities Centre and 2018/19 6,860 58 £161 repurposing Senate 2019/20 7,256 MILLION House as a student hub. University of Bristol | Annual Report and Financial Statements 2020 3 Strategic Report Highlights from our community Teams in the Faculty of Engineering (left) and Our students and staff give the University its heart and its energy. the School of Cellular and Molecular Medicine produced large amounts of hand Here we highlight some of the ways in which our outstanding sanitiser, which they donated to charities people responded to the COVID-19 pandemic with imagination, working on the frontline in Bristol. compassion and commitment. A team from our School of Chemistry (left) also produced WHO-grade hand sanitiser for key workers throughout the city, and a second sanitiser specifically for hospitals and care homes. More than 220 of our final-year medical students (including Megan Kelsey, below) qualified early in March to enable them to work as doctors in We made 100 rooms in student the NHS during the COVID-19 crisis. accommodation near the Bristol Royal Infirmary available at a subsidised cost to NHS workers and volunteers, including recently qualified doctors from our Medical The Safety Team from the Schools of School and third- and fourth-year Geography and Earth Sciences teamed medical student volunteers. up with the Medical School to donate suits, goggles, gloves, masks and hand sanitiser to the South Western Ambulance Service and NHS workers. Many members of our community (including Rebecca Mear, Manager of the School of Computer Science, right) Our Veterinary School was part of a sewed scrubs and other items nationwide effort with the Royal College of of PPE for NHS workers. Veterinary Surgeons to provide ventilators and other equipment for the NHS. University of Bristol | Annual Report and Financial Statements 2020 4 Strategic Report Highlights from our community continued A student group, 180 Degrees Consulting, teamed up with groups across the country to form the COVID Student Response Network. The group recruited 113 student Clinical Teaching Fellows consultants in Bristol and ran projects at South Bristol Academy, with 25 Bristol charities. affiliated to our Medical School, co-ordinated interactive simulation training sessions for staff members and Bristol University Press partnered with all its eBook medical students. providers to allow free and flexible access to its digital books catalogue and extended its free trial access period to six months for all its journals. A small team of Technical Staff in Engineering set up a production facility to manufacture components for PPE using 3D printers. The team produced around 250 components every day and shipped them to the National 3D Printing Society’s collection point at Avonmouth, where the parts were sterilised and assembled into reusable EU-grade PPE. Final-year Economics student Simmy Our students collected and donated Dhillion (right), founder of Rice’n’Spice over 130kg of food to the emergency (with his brother Jhai, left), introduced a food bank in Redcliffe during the discount for customers aged 60+ and lockdown period. people with serious underlying health conditions, and increased the number of See also ‘Community meals it donates to rough sleepers through contribution’, pp43-45. partner charity Feed Up Warm Up. University of Bristol | Annual Report and Financial Statements 2020 5 Strategic Report Highlights from our community continued In 2019/20, many members of our community achieved recognition for their work. Here are just a few. Nine Bristol students presented their research at the Houses of Parliament in March as part of STEM for Britain, a national competition for early-stage and early-career researchers. Of these, Florence Gregson (left) and Lui Terry (middle) won gold medals Advance HE recognised the Centre for and Andrés Rivero Bracho (right) won the Dyson Award for Outstanding Research Innovation and Entrepreneurship with its Towards a More Sustainable Future. Collaborative Award for Teaching Excellence, an accolade for the centre’s collaborative work and its impact on teaching and learning. Veterinary science student William Phillips Olivette Otele (right), was one of 10 students from around the Professor of the History world to be awarded a BVDZero Scholarship of Slavery, was appointed Lucy Berthoud (below), Professor of Space from Boehringer Ingelheim, aimed at raising the independent chair of Engineering, was named a National Teaching awareness of bovine viral diarrhoea (BVD). Bristol’s Commission on Fellow by Advance HE, in recognition of her Race Equality by Marvin outstanding impact on student outcomes Rees, Mayor of Bristol. and the teaching profession. Professor Sarah Green (below) in the Bristol Law School has been appointed Dr Bramha Dutt Vishwakarma (above), Commissioner for Commercial and Marie Curie Research Fellow in the Common Law at the Law Commission. School of Geographical Sciences, received the Hind Rattan Award – one Nine Engineering students of the highest awards for non-resident – Nicola Graham, Rosie Indian citizens by the NRI Welfare Society Hudson, Izzy Sambles, of India – ‘for outstanding services, Angus Firth, Alex Sheard, contributions and achievements in the Sam Tiller, Oscar Bond, field of environmental science’. Ari Biggart and Zara Burton (right) – were selected for Leaders Professor John Foot in the Department of Scholarship awards by Italian was awarded the Serena Medal from the Royal Academy of the British Academy for his series of books Engineering (RAEng). on modern Italian history and culture. University of Bristol | Annual Report and Financial Statements 2020 6 Strategic Report Highlights from our research Our research community mobilised rapidly to collaborate on finding ways to overcome the disease. In the period covered by this report (to 31 July 2020), the University has been involved in nearly 200 research projects related to COVID-19 (both internally and externally funded). A Bristol team led by Senior Lecturer Dr Rajeka Lazarus, also Consultant in Dr David Matthews and Dr Andrew Davidson have been Infectious Diseases and Microbiology at sequencing the genetic material from SARS-CoV-2 University Hospitals Bristol and Weston NHS Foundation Trust (UHBW), has been A team in the School of Cellular and Molecular scientists to look for the genetic sequences conducting trials of a vaccine developed at Medicine led by Dr David Matthews and Dr UNCOVER specific to the virus and show whether the University of Oxford’s Jenner Institute Andrew Davidson have been sequencing the The University’s COVID-19 Emergency someone is infected at the time of testing. and Oxford Vaccine Group. The trial involves genetic material from SARS-CoV-2, the virus Research Group (UNCOVER) led a number some 500 healthy local volunteers aged that causes COVID-19. The team isolated parts of projects to understand the virus and between 18 and 55. of SARS-CoV-2 to find out how it instructs a cell its behaviour and to work towards Professor Caroline Relton, Professor of to make virus proteins, which can either form creating a vaccine. Here are just a few. Epigenetic Epidemiology and Head of Bristol virus particles or slow our immune response. Population Health Science Institute, has been Dr Emma Williamson, Reader in Gender-Based Their findings have important implications for leading a multidisciplinary team on a project Violence, has been looking at the impact of the scientists conducting vaccine trials. Professor Adam Finn, Director of the Bristol with Bristol City Council, looking in depth at COVID-19 pandemic and its policy strategies of Children’s Vaccine Centre at Bristol Medical testing and tracing in schools to support the self-isolation and social distancing on victims/ School and head of Bristol UNCOVER, led a city in reopening. survivors of domestic violence and abuse and Dr Ellen Brooks-Pollock (right), project to help increase the UK’s testing capacity.