Financial summary and UCL officers

Information about UCL's finances and officers.

Financial summary

CONSOLIDATED INCOME & EXPENDITURE ACCOUNT	2022 £m	2021 £m

Tuition fees and education contracts	794.9	732.9
Funding body grants	220.7	221.4
Research grants and contracts	524.9	476.9
Other income	181.7	146.0
Investment income	6.9	5.6
Donation and endowments	22.5	26.7
TOTAL INCOME	1,751.8	1,609.5

TOTAL EXPENDITURE	1,656.3	1,511.4

Gain / (loss) on disposal of fixed assets	1.0	(0.1)
(Loss) / gain on investments	(3.0)	47.5
Share of operating loss / profit in joint ventures and associates	(0.8)	0.2
Taxation	(0.3)	-
Actuarial lossses	(332.1)	1.0
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(239.7)	146.7

Intangible assets	52.2	42.5
Fixed assets	2,557.9	2,391.4
Investments	310.0	317.0
Net current assets/(liabilities)	0.6	73.4

Total assets less current liabilities	2,920.7	2,824.3

Non-current liabilities	(956.9)	(955.6)
Pension provisions	(556.7)	(224.6)
Other provisions	(13.1)	(10.3)

TOTAL NET ASSETS	1,394.0	1,633.8
Represented by:
Endowments	158.8	163.3
Reserves	1,235.2	1,470.4
Minority interest	-	0.1
	1,394.0	1,633.8

OTHER KEY STATISTICS
(Decrease) / increase in cash in the year	(46.3)	319.0

Student numbers	47,884	48,168
Average payroll numbers	16,215	15,205

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

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

Vice-Provost (Education & Student Experience)	Professor Kathleen Armour
Vice-Provost (Faculties)	Professor Anthony Smith
Vice-Provost (Health)	Professor David Lomas
Vice-Provost (Research, Innovation & Global Engagement)	Professor Geraint Rees
Vice-President (Advancement)	Mrs Angharad Milenkovic
Vice-President (External Engagement)	Mrs Kirsty Walker
Vice-President (Operations)	Mr Andy Smith (interim)
Vice-President (Strategy)	Mr Paul Clarke

Arts & Humanities	Professor Stella Bruzzi
Brain Sciences	Professor Alan Thompson
Built Environment	Professor Christoph Lindner
Engineering Sciences	Professor Nigel Titchener-Hooker
IOE	Professor Li Wei
Laws	Professor Eloise Scotford
Life Sciences	Professor Duncan Craig (interim)
Mathematical & Physical Sciences	Professor Ivan Parkin
Medical Sciences	Professor Mark Emberton
Population Health Sciences	Professor Ibrahim Abubakar
Social & Historical Sciences	Professor Jennifer Hudson
Pro-Provost (UCL East)	Professor Paola Lettieri

Ex Officio	President and Provost, Dr Michael Spence AC (since 2021)
	Education Officer, Students' Union UCL (since 2022) Hamza Ahmed
	Union Affairs Officer, Students' Union UCL (since 2022) Deniz Akinci
Appointed members	Mr Dominic Blakemore (since 2015) Vice-Chair
	Mr Victor Chu CBE (since 2019) Chair
	Mr Phil Clark (since 2022)
	Ms Tina Harris (since 2022)
	Ms Tania Holt (since 2022)
	Ms Lindsay Nicholson MBE (since 2014) Senior Appointed Officer
	Mr Turlogh O'Brien CBE (since 2018)
	Ms Christine Ohuruogu MBE (since 2022)
	Lord John Sharkey (since 2017)
	Dr Justin Turner KC (since 2017)
	Ms Sarah Whitney (since 2017) Treasurer
Elected members	Professor Stephanie Bird (since 2021)
	Professor Jon Butterworth (since 2021)
	Professor Ralf Schoepfer (since 2020)
	Dr Alun Coker (since 2019)
	Dr Martin Fry (since 2020)
	Professor Helen Roberts (since 2019)
Secretary	Ms Anne Marie O'Mullane (interim)

Information correct as of 30 January 2023