The new Investcorp Building in St Antony's College by Zaha Hadid Architects
The new Investcorp Building in St Antony's College by Zaha Hadid Architects
Credit: Luke Hayes

Financial Statements of the Oxford Colleges 2015-16

The financial statements of the 36 colleges of Oxford University for the year ending 31 July 2016 are available as pdfs, together with an aggregated statement of financial activities (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 £453m, up 4.9% on the previous year. Resources expended amounted to £389m, an increase of 4.4%.

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 three-quarters of Oxford’s 19,800 full-time students, and catering services for all of them.

Teaching, research and residential income, which accounted for 42% of aggregate income in 2015/16, rose by 3.0% to £191m. However, teaching, research and residential expenditure which accounted for 84% of aggregate expenditure in 2015/16 was £320m, indicating a subsidy by the colleges of £129m for the cost of these core activities.

Donations and legacies, towards both annual expenditure and endowment, (£121m) together with investment income (£104m) accounted for half of aggregate incoming resources.

Net incoming resources before gains totalled £65m.

Another year of strong investment performance saw the value of college endowments grow by 7.5% during the year to £4.16bn.

 All files are PDFs

Aggregated statement and balance sheet.pdf
All Souls.pdfBalliol.pdfBrasenose.pdf
Christ Church.pdfCorpus Christi.pdfExeter.pdf
Green Templeton.pdfHarris Manchester.pdfHertford.pdf
Jesus.pdfKeble.pdfLady Margaret Hall.pdf
The Queen's College.pdfSt Anne's.pdfSt Antony's.pdf
St Catherine's.pdfSt Edmund Hall.pdfSt Hilda's.pdf
St Hugh's.pdfSt John's.pdfSt Peter's.pdf
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