Cambridge University Reporter


College contributions in the financial year 2005-06 and grants from the Colleges Fund: Notice

5 June 2006

College contributions in the financial year 2005-06

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

The Council are pleased to announce that an additional voluntary contribution of £300,000 has been made by Trinity College.

 Assessable IncomeDeductible Items not included in Assessable IncomeExcess of Deductible Items brought forward from previous years Net Assessable Income Gross Contribution Set off therefromNet Contribution
 £'000£'000£'000£'000£'000£'000£'000
 
Christ's1,214963-2518-8
Churchill967708-2598-8
Clare1,766681-1,085107-107
Clare Hall142125134----
Corpus Christi966883-832-2
Darwin503335-1685-5
Downing57956118----
Emmanuel2,3401,036-1,304137-137
Fitzwilliam286503-----
Girton763740-231-1
Gonville and Caius1,9171,161-75661-61
Hughes Hall176314190----
Jesus2,0061,122-88479-79
King's 3,0643,763-----
Lucy Cavendish86202-----
Magdalene951503-44821-21
New Hall729905321----
Newnham1,287923-36411-11
Pembroke1,3041,050-2548-8
Peterhouse1,393524-86977-77
Queens'1,071706-36515-15
Robinson474472-2---
St Catharine's1,274863-41119-19
St Edmund's1015-----
St John's4,4712,156-2,315280-280
Selwyn678741-----
Sidney Sussex1,556809-74758-58
Trinity 19,7008,257-11,4431,557-1,557
Trinity Hall1,724884-84073-73
Wolfson-30349-----
 53,36732,25466322,8712,527-2,527
Voluntary contribution from Trinity College 300
Transferred to the Colleges Fund under Statute G, II, 13 2,827
Totals in financial year 2004-0550,47930,3882,11222,0992,618-2,618

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. 915) they now publish to the University.

1. The amount of money available in the Fund for distribution in 2006 is approximately £2.9m.

2. The Committee of Management has approved the following grants to the corporate capital of Colleges to be paid on 30 June 2006:

 £
Churchill23,600
Clare Hall31,900
Darwin133,500
Fitzwilliam288,200
Girton48,300
Hughes Hall308,400
Lucy Cavendish305,100
New Hall287,300
Robinson393,800
St Catharine's27,500
St Edmund's375,800
Selwyn191,600
Wolfson435,000
TOTAL2,850,000

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 has agreed to make the following exceptional grants:

(i) to Churchill College a grant of £22,500 in response to a request for assistance with disability access, and
(ii) to Clare Hall a grant of £10,000 in response to a request for assistance with emergency repairs.