College contributions in the financial year 2004-05 and grants from the Colleges Fund: Notice

It is regretted that a transcriptional error occurred in the headings to the first table in this Notice, published in the 15 June 2005 paper edition of the Reporter. The correct text is published below.

13 June 2005

College contributions in the financial year 2004-05

The Council have received the following information from the Finance Committee which they now publish to the University.

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

		Assessable Income £'000		Deductible Items not included in Assessable Income £'000		Excess of Deductible Items brought forward from previous years £'000		Net Assessable Income £'000		Gross Contribution £'000		Set off therefrom £'000		Net Contribution £'000
Christ's		1,300		911		-		389		19		-		19
Churchill		882		675		-		207		6		-		6
Clare		1,728		624		-		1,104		118		-		118
Clare Hall		91		119		-		-		-		-		-
Corpus Christi		988		870		-		118		4		-		4
Darwin		417		335		-		82		2		-		2
Darwin		417		335		-		82		2		-		2
Downing		786		588		198		-		-		-		-
Emmanuel		1,837		962		-		875		83		-		83
Fitzwilliam		329		496		361		-		-		-		-
Girton		838		778		-		60		2		-		2
Gonville and Caius		1,820		1,223		-		597		42		-		42
Hughes Hall		215		266		204		-		-		-		-
Jesus		1,346		626		-		720		60		-		60
King's		2,873		3,734		-		-		-		-		-
Lucy Cavendish		133		257		-		-		-		-		-
Magdalene		873		496		-		377		18		-		18
New Hall		625		946		1,349		-		-		-		-
Newnham		1,272		951		-		321		10		-		10
Pembroke		1,204		1,002		-		202		6		-		6
Peterhouse		1,123		498		-		625		46		-		46
Queens'		974		676		-		298		11		-		11
Robinson		381		503		-		-		-		-		-
St Catharine's		1,106		767		-		339		15		-		15
St Edmund's		6		95		-		-		-		-		-
St John's		4,689		2,274		-		2,415		315		-		315
Selwyn		703		702		-		1		-		-		-
Sidney Sussex		1,392		705		-		687		54		-		54
Trinity		19,098		6,973		-		12,125		1,771		-		1,771
Trinity Hall		1,493		936		-		557		36		-		36
Wolfson		-43		400		-		-		-		-		-
		50,479		30,388		2,112		22,099		2,618		-		2,618
Transferred to the Colleges Fund under Statute G, II, 13														2,618
Totals in financial year 2003-04		49,457		33,181		697		18,820		2,775		50		2,725*

* The total net contribution in the financial year 2003-04 included a voluntary contribution of £500,000 from Trinity College.

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. 905) they now publish to the University.

1. The amount of money available in the Fund for distribution in 2005 is approximately £2,620,000.

2. The Committee of Management has approved the following grants to the corporate capital of Colleges to be paid on 30 June 2005:

		£
Churchill		60,500
Clare Hall		86,000
Darwin		125,100
Downing		20,900
Fitzwilliam		282,200
Girton		62,600
Hughes Hall		249,200
Lucy Cavendish		183,200
Magdalene		5,200
New Hall		283,100
Robinson		315,800
St Catharine's		103,400
St Edmund's		280,900
Selwyn		186,500
Wolfson		375,400
		_______
TOTAL		2,620,000

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. The Committee of Management does not intend to make any one-off grants in addition to the endowment-based grants listed above.