Shopping cart

Your shopping basket is empty. View the shop here

Supporting Merton: Financial Overview

2016-17 Overview of College Finances

Total income was £13.4 million for the year 2016-17. Income from all sources fell by £0.1 million on the previous year as resources received from legacies and donations declined together with income from the College's trading activities. Total expenditure at Merton in 2016-17 was £13.8 million, an increase of £0.8 million on the previous year. At the end of the financial year 2016-17, the College reported a surplus of £0.6 million on its unrestricted funds and a small overall deficit of £0.4 million when restricted and endowment funds were included. The generosity of donors remained an important element in achieving the overall result.

Merton received £2.0 million in donations from alumni and friends of the College as well as from trusts and foundations in the 2016-17 financial year. Of this total, £1.2 million was donated towards endowments. Our donors continued to support the College on a number of fronts, particularly Undergraduate Student Support, Graduate Scholarships, and a number of Tutorial Fellowships.

Merton continued to benefit from unrestricted donations totalling nearly £0.3 million last year, as gifts via the Annual Fund and telephone campaigns made important contributions once more.

The College’s endowment grew by £14.8 million in the year 2016-17. Merton continued to enjoy good investment returns over the year with a return of 8.5% for 2016-17. Returns to the College’s equity portfolio were in line with markets over the period, and the College’s modest commitment to private equity provided an above-market return for the year. The College’s investments in property continued to produce good income and rental growth, with capital values marginally ahead in the year.

Charles Alexander, Finance Bursar