Financial information

Financial report and key financial statistics for 2022/23

The 2022-23 financial year has clearly been very difficult in respect of the industrial action university communities are experiencing, alongside the industrial action in other sectors, which are impacting on staff and students more generally.

At UWE Bristol we take huge pride in what we do and how we do it. We care deeply about our students and their experience. And we care greatly about our staff and how we support each other to do the best we can to sustain and enhance our university further. Every day amazing work is done across our university and lives are transformed. However, we can all see the reality of rising inflation, increased energy and food costs and the increasing demands on household budgets. Working with our Students' Union, a number of measures were implemented during the year to help mitigate the costs of living for our students and staff.

Despite the challenges, our student recruitment remained robust and we assessed that the University finances were strong, with good cash reserves and liquidity. This gives us confidence in embarking on the delivery of our Strategy 2030, continuing to invest in our future.

On final analysis good cost control together with strong student recruitment numbers has enabled the University to remain financially robust and delivered an operating surplus for the year of £4.0m (2022: £9.9m).

See the full Annual Report and Financial Statement (PDF).

What we spent our money on during 2022/23

The following pie chart highlights the University's financial expenditure per pound of income for the year. You can also view in text format.

Income by type 2022/23 (£m)

Total income for 2022/23 was £383.5m. The following pie chart indicates the University's income by type during 2022/23 (see income by type in text format).

Expenditure by type 2022/23 (£m)

Total expenditure for 2022/23 was £379.0m. The following pie chart indicates the University's expenditure by type during 2022/23 (see expenditure by type in text format).

Income and expenditure overview (text format)

What we spent our money on during 2022/23

• Academic and student experience – 56p in the pound
• Research grants and contacts – 3p in the pound
• Administration and central services – 15p in the pound
• Premises – 16p in the pound
• Residencies and catering – 6p in the pound
• Other income generating activities – 3p in the pound
• For investments in our future – 2p in the pound

Income by type 2022/23

• Tuition fees and education contracts – £281.0m
• Funding body grants – £25.5m
• Research grants and contracts – £16.7m
• Other income – £53.9m
• Investment income – £6.4m

Expenditure by type 2022/23

• Staff costs – £210.9m
• Other operating expenses – £129.2m
• Depreciation – £33.7m
• Interest and other finance costs – £5.2m

Financial reports and statements for previous years

• Report and Financial Statements Year Ended 31 July 2022 (PDF)
• Report and Financial Statements Year Ended 31 July 2021 (PDF)
• Report and Financial Statements Year Ended 31 July 2020 (PDF)
• Report and Financial Statements Year Ended 31 July 2019 (PDF)
• Report and Financial Statements Year Ended 31 July 2018 (PDF)
• Report and Financial Statements Year Ended 31 July 2017 (PDF)