Financial Statements to 31 July 2008 - Perth College - UHI ...

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Perth College Consolidated Income and Expenditure Account for the year ended 31 July 2008 Notes Year ended 31 July 2008 £000 Restated Year ended 31 July 2007 £000 Income Funding council grants 2 10,628 10,110 Tuition fees and education contracts 3 3,679 3,540 Research grants and contracts 4 86 157 Other income 5 2,674 2,342 Investment income 6 239 137 Total Income 17,306 16,286 Expenditure Staff costs 7 11,174 10,054 Exceptional restructuring costs 7 0 211 Other operating expenses 9 4,874 4,834 Depreciation 13 907 896 Interest payable 10 - - Total Expenditure 16,955 15,995 Surplus on continuing operations after depreciation of tangible fixed assets at valuation and before tax 351 291 Taxation 11 (1) (20) Surplus on continuing operations after depreciation of assets at valuation and tax 12 350 271 The income and expenditure account is in respect of continuing activities. There were no operations that were acquired or discontinued by Perth College during the year. 22
Perth College Consolidated Statement of Historical Cost Surpluses and Deficits for the year ended 31 July 2007 Notes Year ended 31 July 2008 £000 Restated Year ended 31 July 2007 £000 Surplus on continuing operations before taxation 351 291 Difference between historical cost depreciation and the actual charge for the year calculated on the revalued amount 22 328 328 Historical cost surplus for the year before taxation 679 619 Historical cost surplus for the year after taxation 678 599 Consolidated Statement of Total Recognised Gains and Losses for the Year ended 31 July 2008 Year ended 31 July 2008 £000 Restated Year ended 31 July 2007 £000 Surplus on continuing operations for the year 350 271 Unrealised deficit on disposal of fixed assets 0 0 Prior year adjustment 37 (1,167) 0 Actuarial gain/(loss) 31 (922) 1,011 Total recognised gains/(losses) related to the year (1,739) 1,282 Reconciliation Opening reserves 12,231 9,782 Total recognised gains/(losses) for the year (1,739) 1,282 Closing reserves 10,492 11,064 23
Page 1: Financial Statements for the Year E
Page 4 and 5: Perth College
Page 6 and 7: Perth College The Board monitors th
Page 8 and 9: Perth College accumulate reserves a
Page 10 and 11: Perth College intends to continue t
Page 12 and 13: Perth College • Funding Council.
Page 14 and 15: Perth College Professional Advisers
Page 16 and 17: Perth College Ritchie Rennie Nathan
Page 18 and 19: Perth College The Audit Committee a
Page 20 and 21: Perth College Review of Effectivene
Page 22 and 23: Perth College Approved by order of
Page 24 and 25: Perth College • funds from whatev
Page 28 and 29: Perth College Balance Sheets as at
Page 30 and 31: Perth College Notes to the Accounts

Financial Statements to 31 July 2008 - Perth College - UHI ...

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