Financial Statements 2020-21

Key Highlights. 

(Full financial statements for 2019-20 and previous years are available below.)

Financial Position

The College made an Underlying Operating Surplus of £478k 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 4 of the financial statements.

During 2020/21 the College invested £0.82m 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 (2019/20 £0.82m). The college also received donations of £93k from the Radbrook Foundation. These donations are used to support students who would otherwise be unable to participate fully in college extracurricular activities, to access the college, 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 had 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 improved in 2018 and 2019. Apprenticeship achievement improved for college apprentices but declined for sub-contracted apprentices as the consequence of lower levels of performance from out-going sub-contracting partners.

Student performance in 2020 was achieved in the context of COVID-19 which required significant hard-work to ensure that, where students could not be assessed as normal, Centre Assessed Grades were awarded with integrity to ensure students achieved the grades they deserved. Overall qualification achievement and A Level, GCSE and vocational qualification achievement all at least matched the very high levels of performance in 2019. Apprenticeship achievement improved further for college apprentices, though not to the anticipated high levels because of the disruption brought by COVID-19.

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.

Executive pay

The number of employees with a gross annual salary and benefits of £100,000 or more in £10,000 increments. 

Number of employees Gross annual salary and benefits
0 £100,000
0 £110,000
0 £120,000
0 £130,000
0 £140,000
1 £150,000