Main quadrangle of University College
Main quadrangle of University College
Credit: Rob Judges. This image comes from Oxford University Images

Financial Statements of the Oxford Colleges (2012-13)

The financial statements of the 36 colleges of Oxford University for the year ending 31 July 2013 are available as pdfs, together with an aggregated statement of financial activity (SOFA) and aggregated consolidated balance sheet.

The colleges are independent, self-governing and financially autonomous and their accounts are published under the accounting convention developed by the Charity Commissions for use by charities in the UK (the Charity SORP).

Kellogg College and St Cross College do not have Royal Charters and, for accounting purposes, are departments of the University. As such, their financial results are consolidated into the University’s financial statements.


Incoming resources for the colleges amounted in aggregate to £411m, up 11% on the previous year. Resources expended amounted to £331m, an increase of 5%.  

The colleges, through the tutorial system, undertake a substantial proportion of Oxford’s undergraduate teaching, as well as supporting graduate studies and research. The colleges also provide accommodation for about three-quarters of Oxford’s 19,482 full-time students, and catering services for all of them.

Teaching, research and residential income, which accounted for 42% of aggregate income in 2012/13, rose by 6% to £174m. However, teaching, research and residential expenditure rose 5% to £277m indicating a subsidy by the colleges of £103m for the cost of these core activities.

Legacies and donations, towards both annual expenditure and endowment, accounted for over a quarter of incoming resources at £116m representing an increase of more than one-third over the previous year. Investment income, accounting for a further fifth of aggregate incoming resources, rose by 6% to £89m.

Net income from trading, representing the colleges’ commercial activity with third parties, rose by 5% to £8.8m demonstrating the continuing effort made by colleges to diversify their sources of income. Net incoming resources after transfers from endowments, but before other gains and losses, rose by 46% to £79m.

The value of college endowments grew by 15% during the year to £3.4bn. 

 All files are PDFs[pdf]

Aggregated statement and balance sheet.pdf (69 kb)
All Souls.pdf (873 kb)Balliol.pdf (819 kb)Brasenose.pdf (1001 kb)
Christ Church.pdf (1100 kb)Corpus Christi.pdf (735 kb)Exeter.pdf (987 kb)
Green Templeton.pdf (799 kb)Harris Manchester.pdf (755 kb)Hertford.pdf (798 kb)
Jesus.pdf (880 kb)Keble.pdf (934 kb)Lady Margaret Hall.pdf (985 kb)
Linacre.pdf (671 kb)Lincoln.pdf (889 kb)Magdalen.pdf (853 kb)
Mansfield.pdf (798 kb)Merton.pdf (806 kb)New.pdf (826 kb)
Nuffield.pdf (1013 kb)Oriel.pdf (1023 kb)Pembroke.pdf (784 kb)
The Queen's College.pdf (767 kb)St Anne's.pdf (906 kb)St Antony's.pdf (877 kb)
St Catherine's.pdf (774 kb)St Edmund Hall.pdf (843 kb)St Hilda's.pdf (979 kb)
St Hugh's.pdf (737 kb)St John's.pdf (816 kb)St Peter's.pdf (1101 kb)
Somerville.pdf (773 kb)Trinity.pdf (756 kb)University.pdf (859 kb)
Wadham.pdf (1003 kb)Wolfson.pdf (798 kb)Worcester.pdf (1002 kb)
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