Financial Statements 2021-22
(Full financial statements for 2020-21 and previous years are available below.)
The College made an Underlying Operating Surplus of £1k 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 5 of the financial statements.
During 2021/22 the College invested £1.8m in renewing classroom-based equipment and in refurbishing and improving its facilities to ensure that these continue to provide and improve the environment needed to support its education provision (2020/21 £0.1.5m). The college also received donations of £182k from the Radbrook Foundation. These donations are used to expand specialist construction facilities, 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.
The college’s vision is to ensure all students make outstanding progress. The college has taken significant steps towards the goal during the period of the first Strategic Development Plan, 2018 to 2021. Student achievement and progress across the range and breadth of classroom-based qualifications improved in 2018 and 2019. Achievement and progress in 2020 and 2021 were at very high levels, though not directly comparable. In 2022 performance was again very strong though due to the impact of the pandemic, the context again was not comparable to previous years. The college worked with students who had never sat an externally assessed exam on revision and exam skills to provide them with the best chance of achieving the grades they deserved.
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.
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|