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Report of the Council on College contributions in the financial year 2003-04

The COUNCIL, having received the relevant information from the Finance Committee, beg leave to report to the University as follows:

The audited accounts of the Colleges have been received and enquiries, where appropriate, have been made to ensure that the contributions of Colleges have been calculated in accordance with the provisions of Statute G, II.

The following table gives the net assessable income of each College, the gross contribution, and the net contribution to be made.


 Assessable Income from Accounts 1A and 1BDeductible Items not Included in Accounts 1A and 1BExcess of Deductible Items brought forward from previous yearsNet Assessable IncomeGross ContributionSet off therefromNet Contribution
 £££££££

Christ's893,354868,517-24,837745-745
Churchill945,900753,112-192,7885,784-5,784
Clare1,676,977527,133-1,149,844131,475-131,475
Clare Hall251,172294,126-----
Corpus Christi1,073,218806,129-267,0898,867-8,867
Darwin465,231342,798-122,4333,673-3,673
Downing461,079627,006-----
Emmanuel1,811,829852,682-959,147100,96350,08050,883
Fitzwilliam250,361444,061-----
Girton787,280757,775-29,505885-885
Gonville and Caius2,404,6461,282,707-1,121,939127,010-127,010
Hughes Hall149,626284,366240,908----
Jesus1,792,7291,070,23523,930698,56459,270-59,270
King's2,974,4272,878,247-96,1802,885-2,885
Lucy Cavendish199,051234,696-----
Magdalene914,674474,614-440,06022,705-22,705
New Hall571,7121,920,567431,800----
Newnham1,249,1531,237,036-12,117364-364
Pembroke1,190,124934,899-255,2257,970-7,970
Peterhouse1,094,447512,966-581,48140,537-40,537
Queens'1,022,476637,256-385,22018,317-18,317
Robinson368,283501,560-----
St Catharine's950,187560,779-389,40818,653-18,653
St Edmund's65,389173,241-----
St John's4,581,5612,226,013-2,355,548324,388-324,388
Selwyn702,146699,069-3,07792-92
Sidney Sussex1,333,762671,304-662,45853,493-53,493
Trinity 17,588,8689,402,404-8,186,4641,257,334-1,257,334
Trinity Hall1,598,749711,995-886,75489,381-89,381
Wolfson88,400493,680-----

 49,456,81133,180,973696,63818,820,1382,274,79150,0802,224,711
Voluntary contribution from Trinity College 500,000
Transferred to the Colleges Fund under Statute G, II, 13 2,724,711

Totals in financial year 2002-0348,866,42228,473,445270,98622,177,3892,920,8573502,920,507

The Report covers the fourth year of contributions at the increased rates which were agreed by all the Colleges as part of the College Fee settlement with the HEFCE. The Council are pleased to report that an additional voluntary contribution of £500,000 has been made by Trinity College.

The Committee of Management of the Colleges Fund have approved grants to the corporate capital of Colleges as set out in the Annex to this Report.

21 June 2004ALISON RICHARD, Vice-ChancellorWILLIAM BROWND. W. B. MACDONALD
 S. H. ADELMAND. A. GOODJAMES MATHESON
 R. J. ANDERSONDAVID S. INGRAMMARTIN REES
 Z. BARANSKIIAN LESLIEG. A. REID
 RICHARD BARNESA. M. LONSDALELIBA TAUB
 JOHN BOYDD. LOWTHERJOAN M. WHITEHEAD
 B. J. BRINDED   

ANNEX

Grants from the Colleges Fund

The Council have received the following report from the Committee of Management of the Colleges Fund, which under Regulation 4 for the Fund (Statutes and Ordinances, p. 911) they now publish to the University.

1. The amount of money available in the Fund for distribution in 2004, including a £500,000 voluntary contribution from Trinity College, is approximately £2.75m.

2. The Committee of Management has approved the following grants to the corporate capital of Colleges to be paid on 30 June 2004:

 £
Churchill90,100
Clare Hall77,800
Darwin152,200
Fitzwilliam246,900
Girton98,600
Hughes Hall223,300
Lucy Cavendish211,000
Magdalene57,900
New Hall248,200
Newnham23,100
Robinson272,600
St Catharine's122,000
St Edmund's250,300
Selwyn151,800
Wolfson324,200
 
 2,550,000

3. These grants have been calculated by using the model of a standard College with a basic requirement for endowment. The figures take account of the actual endowment requirements of the relevant applicant College, having reference to numbers of undergraduates, full-time equivalent fee-paying graduates, Fellows, and College Teaching Officers.

4. In addition to the endowment-based grants listed above, the Committee of Management have agreed to make the following exceptional grants of £100,000 each:

(i) to Churchill College in response to a request for assistance with emergency repair works to its buildings, and
(ii) to Clare Hall in response to a request for assistance with emergency maintenance works.

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Cambridge University Reporter 30 June 2004
Copyright © 2011 The Chancellor, Masters and Scholars of the University of Cambridge.