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Narrative

NESCOT received income totalling £23.8m during the 2016/17 academic year. 67% of income is received from governmental funding bodies such as the Education and Skills Funding Agency and HEFCE. Higher education income (HEFCE grants and tuition fees) is £2.23m or 9% of all income. Of overall College funds, approximately 67% was spent on wages & salaries including partnership-related and outsourced teaching provision. Depreciation of assets accounted for around 10.5% of income. Non-pay administrative costs amount to 8.4% of income. Premises and related costs are £1.6m (6.6% of income). The remaining expenditure, mainly teaching consumables and exam fees totals £2.9m or 12% of income. The College has invested £43.5m in the update and development of the Epsom Campus over the past 4 year period; capital grants of £13m have part-funded this investment, the balance being largely covered by the disposal of land assets.

Note: Overseas subsidiary company activity is excluded from these figures.

Access Agreement (OFFA) 2017-2018


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