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Financial statements

Our financial statements and all the related explanatory files can be found in these PDF documents:

Financial year 2014/15

Financial year 2013/14

Financial year 2012/13

Financial year 2011/12 (see statement below)

Financial year 2010/11

Financial year 2009/10

Financial year 2008/09

Financial year 2007/08

Financial year 2006/07

Financial year 2005/06

Financial year 2004/05

Financial year 2003/04

Financial year 2002/03

Financial year 2001/02

Financial year 2000/01


Infographic for financial year 2015

Infographic for financial year 2013

Financial year 2011/2 statement

What happened in the last financial year?

The year proved to be an exceptional year for Brunel University. Student satisfaction, as measured by The National Student Survey (NSS), an independent national survey, continued to improve after an impressive performance in the previous year which had seen Brunel record the highest increase in satisfaction in the UK.

Our research performance went from strength to strength culminating in our being awarded the Queens Anniversary Prize for Higher Education by the Queen at Buckingham Palace for the work of the Institute for the Environment. This prestigious award is part of the UK Honours system and it was particularly gratifying to achieve this accolade in the year of the Queen’s diamond Jubilee.

Brunel was also a key player in the London 2012 Olympic Games. In an incredible summer of sport at Brunel, we hosted the pre-games training camp for the Korean Olympic and Canadian Paralympic teams. We continue to host the Racers Track Club of Jamaica including Usain Bolt who praised us in front of a worldwide audience of tens of millions after yet another gold medal performance.

Financially we delivered a planned operating deficit of £4.4m in 2011/12 or -2.4% of income yet still generated positive net operating cash flow at £11.3 million or 5.3% of income.

Why did we make an accounting deficit?

This deficit was planned as part of a medium term financial strategy to invest ahead of a three to four year period in which traditional grant income from Government is replaced with an increasing percentage of income derived from fees paid by students. The decision to invest in improving the quality of teaching, student experience and research was a strategic one aimed at enhancing our academic strength at a time of uncertainty in Higher Education. Investment in buildings and infrastructure were timed to take advantage of keen pricing in the market and, along with investment in staff aimed at improving the ratio of staff to students, is intended to continue to deliver high levels of student satisfaction and a sustainable future.

Are we in a good position going forward?

The University also continues to hold cash reserves of almost £50m and is therefore in a good position to meet future challenges and opportunities.

The University is also benefitting from a long term fixed rate debt of around £94m which extends until 2040 and which has enabled the University to invest in high quality student residencies, generating an income of around £23m per annum, which outperforms the interest rate on the debt.