Consolidated Income and Expenditure Account
(For the year ended 31 July, 2001)

	2000/01	1999/00
	£'000	£'000
Income
Funding Council Grants	45,382	43,408
Academic Fees and Support Grants	24,395	23,845
Research Grants and Contracts	2,318	2,310
Other Operating Income	15,687	14,891
Endowment Income and Interest Receivable	2,470	2,390
Total Income	90,252	86,844
Expenditure
Staff Costs	52,732	51,280
Exceptional Restructuring Costs	0	2,128
Depreciation	4,708	4,679
Other Operating Expenses	30,598	29,880
Interest Payable	691	686
Total Expenditure	88,729	88,653
Surplus/(Deficit) on Continuing Operations after Depreciation of Fixed Assets at Valuation and Before Tax	1,523	(1,809)
(Loss) on Disposal of Assets	0	(3,339)
Surplus/(Deficit) on Continuing Operations after Depreciation of Fixed Assets at Valuation and Disposal of Assets but before Tax	1,523	(5,148)
Taxation	0	0
Surplus/(Deficit) on Continuing Operations after Depreciation of Assets at Valuation, Disposal of Assets and Tax	1,523	(5,148)

The income and expenditure account is in respect of continuing activities