I am pleased that in this report we bring together information about our strategy, governance, performance and prospects in a way that reflects the educational, commercial, social and environmental context within which we operate.
At a time of continuing political and economic uncertainty in the UK, the University remains well placed to manage any unexpected events and to seize new opportunities.
We have strong leadership in our Vice-Chancellor, Professor Malcolm Press, and we are delivering positive outcomes through the strategies developed by our leadership team around education, internationalisation, research and knowledge exchange, and institutional sustainability.
Overall, our financial position remains strong.
At the end of the financial year we held cash and short-term investments of £164.3m, which, combined with very low borrowings, will allow us to continue investing across the University. In common with many other universities, we face increasing costs, particularly relating to the provision of pensions for our employees. But despite this, we are still able to report an underlying operating surplus of £5.7m together with cash generation of £26.3m for the year.
The following documents are provided in Adobe Acrobat format: