52nd Annual Report 2010-2011 - Commonwealth Scholarship ...

Statement of income and expenditurefor the year ended 31 March 2011Notes 2010/2011 (£) 2009/2010 (£) 2008/2009 (£)Income 18,328,421 18,808,471 18,238,244DFID allocation 1a 17,500,000 17,430,000 15,930,000DFID over (under) spend 1a (118,312) (65,512) 111,595FCO allocation 1b 522,090 1,088,962 2,050,000FCO over (under) spend 1b (75,264) N/A 146,649BIS allocation 1c 490,280 329,720SG allocation 1c 70,000 50,000BIS/SG over (under) spend 1c (60,373) (24,699)Programme expenditure 16,725,408 17,081,310 16,483,138ScholarshipsExpenditure carried forward from 2009/2010 2a (65,512) 111,595BIS expenditure carried forward from 2009/2010 2a (24,699)Scholarships to university staff 2b 2,481,307 2,293,811 2,198,901General Scholarships (DFID) 2b 7,326,284 7,017,119 6,436,986Split-site Scholarships 2b 599,990 619,548 640,390General Scholarships (FCO) 2b 396,845 972,935 1,980,924General Scholarships (BIS/SG) 2b 524,606 354,021Shared Scholarships 2c 2,365,000 2,510,000 2,129,39613,603,821 13,879,029 13,386,597FellowshipsAcademic Fellowships 2d 721,972 771,446 743,724Professional Fellowships 2d 564,883 453,989 522,7881,286,855 1,225,435 1,266,512Distance Learning Scholarships 2e 1,486,255 1,617,943 1,506,979Other initiativesEvents programme 2f 39,706 25,485 31,186External Liaison 2g 154,564 112,241DFID 141,383FCO 16,688Electronic Application System (EAS) 2h 41,654 60,871 80,885Evaluation 2i 83,926 80,975DFID 105,297FCO 3,749Anniversary 2j 34,057 17,763348,477 358,903 323,050Administration 1,675,870 1,727,161 1,755,105Administration fee – ACU 982,612 939,573DFID 915,183FCO 29,743944,926Administration fee – British Council 648,452 699,219DFID 603,630FCO 20,238BIS 8,858632,726Travelex costs for payments to award holders 3a 11,592 9,000 9,000CSC operating costs 3b 70,176 75,447 91,813CSC members’ honoraria 3c 16,450 11,650 15,50098,218 1,727,161 1,755,105Total expenditure 18,401,278 18,808,471 18,238,24343