Financial summary and UCL officers

Information about UCL's finances and officers.

Financial summary

Consolidated Income & Expenditure Account	2020 £m	2019 £m
Tuition fees and education contracts	613.7	564.9
Funding body grants	227.9	213.5
Research grants and contracts	467.7	481.1
Other income	200.5	179.2
Investment income	7.3	7.9
Donations and endowments	26.6	40.5
NET INCOME	1,543.7	1,487.1
TOTAL EXPENDITURE	1,337.1	1,671.4

Loss on disposal of fixed assets	–	–
(Loss)/Gain on investments	(6.4)	47.3
Share of operating profit/(loss) in joint ventures and associates	0.2	(0.1)
Taxation	–	–
Actuarial lossses	(0.1)	(0.1)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	200.3	(137.2)

Intangible assets	34.1	26.0
Fixed assets	2,204.6	2,050.2
Investments	281.7	294.5
Net current liabilities	(157.3)	(34.1)

Total assets less current liabilities	2,363.1	2,336.6

Non-current liabilities	(636.8)	(645.2)
Pension provisions	(225.7)	(385.1)
Other provisions	(13.5)	(19.4)
TOTAL NET ASSETS	1,487.1	1,286.9
Represented by:
Endowments	143.2	138.7
Reserves	1,343.8	1,148.1
Minority interest	0.1	0.1
	1,487.1	1,286.9

OTHER KEY STATISTICS
Increase/(decrease) in cash in the year	(26.8)	107.9
Average student numbers	43,836	42,106
Average payroll numbers	16,385	15,757

More information including full financial statements can be found on the UCL Finance and Business Affairs website.

Visitor	The Master of the Rolls
President & Provost	Dr Michael Spence AC

Vice-Provost (Education & Student Experience)	Professor Deborah Gill (interim)
Vice-Provost (Faculties)	Professor Anthony Smith
Vice-Provost (Health)	Professor David Lomas
Vice-Provost (Research, Innovation & Global Engagement)	Professor David Price
Vice-President (Advancement)	Professor Dame Hazel Genn
Vice-President (External Engagement)	Professor Dame Hazel Genn
Vice-President (Operations)	Fiona Ryland
Vice-President (Strategy)	This is a new role.

Arts & Humanities	Professor Stella Bruzzi
Brain Sciences	Professor Alan Thompson
Built Environment	Professor Christoph Lindner
Engineering Sciences	Professor Nigel Titchener-Hooker
Institute of Education	Professor Sue Rogers
Laws	Professor Piet Eeckhout
Life Sciences	Professor Geraint Rees
Mathematical & Physical Sciences	Professor Ivan Parkin
Medical Sciences	Professor Mark Emberton
Population Health Sciences	Professor Graham Hart
Social & Historical Sciences	Professor Sasha Roseneil

Ex Officio	Dr Michael Spence AC
	Education Officer
	Democracy Officer
Appointed	Mr Mintoo Bhandari (since 2019)
	Mr Dominic Blakemore (since 2015)
	Mr Victor Chu CBE (since 2019)
	Dr Andrew Gould (since 2015)
	Ms Lindsay Nicholson MBE (since 2014)
	Mr Turlogh O'Brien CBE (since 2018)
	Lord John Sharkey (since 2017)
	Mr Philip Sturrock MBE (since 2015)
	Dr Justin Turner QC (since 2017)
	Baroness Jo Valentine (since 2014)
	Ms Sarah Whitney (since 2017)
Elected	Professor Lucie Clapp (since 2015)
	Professor Annette Dolphin (since 2016)
	Professor Ralf Schoepfer (since 2020)
	Dr Alun Coker (since 2019)
	Dr Martin Fry (since 2020)
	Professor Helen Roberts (since 2019)
Secretary	Ms Wendy Appleby