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Financial Statements 2018-19

Key Highlights. 

(Full financial statements for 2018-19 and previous years are available below.)

Financial Position

The College made an Underlying Operating Surplus of £99k before the effect of defined benefit pension scheme accounting. The impact of annual Pension adjustments relating to the College’s LGPS defined benefit scheme and which the College has little influence over, causes significant variations to the College’s financial results year on year. These have no day to day impact on the College’s short term financial health. The impact of these pension scheme adjustments is highlighted on page 6 of the financial statements.

During the 2018/19 the College invested £1.29m in renewing classroom based equipment and in refurbishing and improving its facilities in order to ensure that these continue to provide and improve the environment needed to support its education provision (2017/18 £1.26m). The College also received donations of £87k from the Radbrook Foundation. These donations are used to support students who would otherwise be unable participate fully in College extracurricular activities or to provide specialised equipment to improve the individual’s learning experience.

Student achievements

The College’s vision is to ensure all students make outstanding progress. The College has taken significant steps towards the goal of providing outstanding academic and vocational education and training to 16-18 and adult students. Student achievement across the range and breadth of classroom based qualifications has improved very significantly in the last two years. Performance in 2018-19 consolidated the outstanding performance on the previous year.

Overall achievement improved slightly from 89% in 2018 to 90% in 2019. This is an exceptionally high level of performance and is significantly above the national rate of 85% for all providers. 16-18 achievement rate rose from 85% to 86%, increasing the gap to the national rate which remains 82%. 19+ achievement rose to 94% compared with 88% nationally. The largest single area of the College’s work is Level 3 graded courses for 16-18 year olds. BTEC Level 3 DMM or better high grades and value-added made further improvements building on the outstanding performance in 2018. Alps value-added scores improved from grade 3 (performance above the top 25% nationally) to grade 2 (performance in the top 10% nationally). A Level pass rates and A*-B high grades declined slightly, however this was in the context of significant national change with high grades falling for the first time in 12 years. 

In order to comply with sector guidance Shrewsbury Colleges Group publishes its annual report and financial statements each year.

Previous year's financial statements can be found below.

On the 31 July 2016 Shrewsbury College of Arts & Technology merged into Shrewsbury Sixth Form College. Separate Accounts for each of the two former colleges for the years up to 31 July 2015 are available on request.