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UAL: where the money goes

2016/2017 2015/2016 2014/2015
Expenditure Income Surplus

Where the money goes

In every £1 spent by University of the Arts London

Where UAL's money comes from

For every £1 received

Why does the university make an operating surplus?

  • Total expenditure: £264.0 million
  • 57%
    Teaching and research, including technicians
    Teaching departments £109.4 million
    Teaching support services £29.4 million
    Student services £4.6 million
    General education £6.9 million
  • 22%
    Buildings, halls, catering and retail
    Residences £22.2 million
    Catering £6.1 million
    Building and halls £29.8 million
  • 8%
    Running the Colleges
    Running the Colleges £21.2 million
  • 8%
    Central costs
    Central services £21.2 million
  • 5%
    External contracts, interest and depreciation
    Research contracts £1.4 million
    Non-research contracts and other costs £2.8 million
    Depreciation and interest £9.0 million
  • Total income: £281.4 million
  • 41%
    Home / EU student fees
    Higher education students £93.6 million
    Further education students £0.9 million
    Non-credit bearing courses £17.4 million
    Exam and registration fees £4.8 million
  • 35%
    International students
    Higher education students £86.0 million
    Further education students £12.0 million
  • 11%
    Grants
    HEFCE recurrent grants £24.0 million
    Specific grants £5.6 million
    HEFCE capital grants released in year £1.8 million
  • 13%
    Halls, catering, retail and other income
    Endowments and investment income £1.6 million
    Residence and catering £25.2 million
    Retail operations £1.7 million
    Other £6.8 million

To see the full details behind the charts, please see our full financial statement.

Financial Statement -
July 2017 (pdf - 1.6 mb)
Total
income
£281.4m
Total
expenditure
£264.0m
Operating
surplus
£17.4m

To see the full details behind the charts, please see our full financial statement.

Financial Statement -
July 2017 (pdf - 1.6 mb)

We aim to deliver at least a 10% surplus

To ensure UAL's activities remain financially sustainable

To ensure UAL can replace and refurbish its buildings and equipment

To invest in the facilities we need to deliver the academic strategy

To guard against events that might damage UAL's financial health

To see the full details behind the charts, please see our full financial statement.

Financial Statement - July 2017 (pdf - 1.6 mb)
  • Total expenditure: £254.2 million
  • 59%
    Teaching and research, including technicians
    Teaching departments £108.3 million
    Teaching support services £26.7 million
    Student services £4.0 million
    General education £8.1 million
  • 22%
    Buildings, halls, catering and retail
    Residences £22.8 million
    Catering £3.8 million
    Building and halls £30.2 million
  • 6%
    Running the Colleges
    Running the Colleges £16.1 million
  • 8%
    Central costs
    Central services £20.3 million
  • 5%
    External contracts, interest and depreciation
    Research contracts £1.2 million
    Non-research contracts and other costs £3.0 million
    Depreciation and interest £9.7 million
  • Total income: £280.9 million
  • 40%
    Home / EU student fees
    Higher education students £93.0 million
    Further education students £0.6 million
    Non-credit bearing courses £15.3 million
    Exam and registration fees £3.7 million
  • 34%
    International students
    Higher education students £83.9 million
    Further education students £10.9 million
  • 12%
    Grants
    HEFCE recurrent grants £18.0 million
    Specific grants £14.5 million
    HEFCE capital grants released in year £1.5 million
  • 13%
    Halls, catering, retail and other income
    Endowments and investment income £3.3 million
    Residence and catering £25.4 million
    Retail operations £1.6 million
    Release from deferred capital grant £0.1 million
    Other £6.6 million
  • 1%
    External contracts
    Research contracts £1.2 million
    Non-research contracts £1.3 million

To see the full details behind the charts, please see our full financial statement.

Financial Statement -
July 2016 (pdf - 1.6 mb)
Total
income
£280.9m
Total
expenditure
£254.2m
Operating
surplus
£26.7m

To see the full details behind the charts, please see our full financial statement.

Financial Statement -
July 2016 (pdf - 1.6 mb)

We aim to deliver at least a 10% surplus

To ensure UAL's activities remain financially sustainable

To ensure UAL can replace and refurbish its buildings and equipment

To invest in the facilities we need to deliver the academic strategy

To guard against events that might damage UAL's financial health

To see the full details behind the charts, please see our full financial statement.

Financial Statement - July 2016 (pdf - 1.6 mb)
  • Total expenditure: £238.5 million
  • 59%
    Teaching and research, including technicians
    Teaching departments £103.2 million
    Teaching support services £25.6 million
    Student services £4.2 million
    General education £7.5 million
  • 22%
    Buildings, halls, catering and retail
    Residences £17.0 million
    Catering £3.0 million
    Building and halls £30.7 million
  • 8%
    Running the Colleges
    Running the Colleges £19.5 million
  • 7%
    Central costs
    Central services £17.6 million
  • 4%
    External contracts, interest and depreciation
    Research contracts £0.8 million
    Non-research contracts and other costs £3.7 million
    Depreciation and interest £5.9 million
  • Total income: £263.8 million
  • 41%
    Home / EU student fees
    Higher education students £89.3 million
    Further education students £0.9 million
    Non-credit bearing courses £15.5 million
    Exam and registration fees £3.5 million
  • 34%
    International students
    Higher education students £76.8 million
    Further education students £11.8 million
  • 13%
    Grants
    HEFCE recurrent grants £22.7 million
    Specific grants £9.9 million
    HEFCE capital grants released in year £1.6 million
  • 11%
    Halls, catering, retail and other income
    Endowments and investment income £1.7 million
    Residence and catering £18.7 million
    Retail operations £1.6 million
    Release from deferred capital grant £0.1 million
    Other £6.7 million
  • 1%
    External contracts
    Research contracts £0.8 million
    Non-research contracts £2.0 million

To see the full details behind the charts, please see our full financial statement.

Financial Statement -
July 2015 (pdf - 1.6 mb)
Total
income
£263.8m
Total
expenditure
£238.5m
Operating
surplus
£25.3m

To see the full details behind the charts, please see our full financial statement.

Financial Statement -
July 2015 (pdf - 1.6 mb)

We aim to deliver at least a 10% surplus

To ensure UAL's activities remain financially sustainable

To ensure UAL can replace and refurbish its buildings and equipment

To invest in the facilities we need to deliver the academic strategy

To guard against events that might damage UAL's financial health

To see the full details behind the charts, please see our full financial statement.

Financial Statement - July 2016 (pdf - 1.6 mb)