Financial summary and UCL officers

Information about UCL's finances and officers.

Financial summary

CONSOLIDATED INCOME & EXPENDITURE ACCOUNT	2021 £m	2020 £m

Tuition fees and education contracts	732.9	613.7
Funding body grants	221.4	227.9
Research grants and contracts	476.9	467.7
Other income	146.0	200.5
Investment income	5.6	7.3
Donation and endowments	26.7	26.6
TOTAL INCOME	1,609.5	1,543.7

TOTAL EXPENDITURE	1,510.4	1,337.1

Loss on disposal of fixed assets	(0.1)	-
(Loss)/Gain on investments	47.5	(6.4)
Share of operating profit in joint ventures and associates	0.2	0.2
Taxation	-	-
Actuarial lossses	-	(0.1)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	146.7	200.3

Intangible assets	42.5	34.1
Fixed assets	2,391.4	2,204.6
Investments	317.0	281.7
Net current assets/(liabilities)	73.4	(157.3)

Total assets less current liabilities	2,824.3	2,363.1

Non-current liabilities	(955.6)	(636.8)
Pension provisions	(224.6)	(225.7)
Other provisions	(10.3)	(13.5)

TOTAL NET ASSETS	1,633.8	1,487.1
Represented by:
Endowments	163.3	143.2
Reserves	1,470.4	1343.8
Minority interest	0.1	0.1
	1,633.8	1,487.1

OTHER KEY STATISTICS
Increase/(Decrease) in cash in the year	319.0	(26.8)

Student numbers	48,168	43,836
Average payroll numbers	16,738	15,861

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 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 Piet Eeckhout
Life Sciences	Professor Geraint Rees
Mathematical & Physical Sciences	Professor Ivan Parkin
Medical Sciences	Professor Mark Emberton
Population Health Sciences	Professor Ibrahim Abubakar
Social & Historical Sciences	Professor Sasha Roseneil

Ex Officio	President and Provost, Dr Michael Spence AC (since 2021)
	Education Officer, Students' Union UCL (since 2020)
	Union Affairs Officer, Students' Union UCL (since 2021)
Appointed members	Mr Dominic Blakemore (since 2015)
	Mr Victor Chu CBE (since 2019)
	Ms Tina Harris (since 2022)
	Ms Tania Holt (since 2022)
	Ms Lindsay Nicholson MBE (since 2014)
	Mr Turlogh O'Brien CBE (since 2018)
	Ms Christine Ohuruogu MBE (since 2022)
	Lord John Sharkey (since 2017)
	Dr Justin Turner QC (since 2017)
	Baroness Jo Valentine (since 2014)
	Ms Sarah Whitney (since 2017)
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)