What we spend and how we spend it

The College’s principal sources of regular income are tuition fees for undergraduate and postgraduate students, charges for board and lodging provided to students, income derived from letting College facilities to third parties, and income from invested funds; its principal outgoings relate to the salaries, national insurance and employers’ pension contributions for staff employed by the College, academic and non-academic, and the maintenance and upkeep of the fabric of the College buildings.

College salaries for academic and most administrative staff are in accordance with Oxford University salary scales. The college is a Living Wage employer.

Another very important source of income is the benefaction of alumnae and others who make lifetime gifts and leave legacies to the College. Such income allows us to defray the cost of bursaries and other financial support given to students, to endow teaching posts, and to invest in the fabric of the College. The College is currently undertaking a major fundraising campaign – its 125th Anniversary Campaign.

More detailed information relating to all of these items of income and expenditure is contained in the Annual Report & Accounts.