Our investment in student support explained
This year, an additional £1.9 million has been invested into supporting students throughout the COVID-19 crisis and this challenging academic year, taking the total to almost £6.5 million so far, as well as significant rent changes for those living in University accommodation.
There is also extensive support from Schools, Faculties and the Library which is not included in these figures.
Overall spend on student support
Some of this additional investment has come from the government, while our alumni and supporters also donated an astonishing £1.4 million at the start of the pandemic which has supported a number of these projects.
The chart below shows how the almost £6.5 million total is broken down, and includes both planned spend and additional investment for 2020/21.
Student support, mental health and wellbeing services
Our planned spending on University-wide mental health and wellbeing for this year was £3.8 million. On top of this we have invested an extra £450,000 in staff posts in these services and £101,000 in innovations such as the SafeZone app and our 24/7 mental health helpline.
The chart below shows how the total of £4,331,126 is broken down.
Please note: 'Core running of student support teams' includes both pay and non-pay costs for the core running of the University’s Counselling and Mental Health Service, the Advice and Response team, Disability Advisory Support Services (DASS) and Residential Life (ResLife) teams.
Financial support initiatives
This academic year we had already planned to make available over £700,000 of financial support initiatives, but due to the increased challenges we know many students are facing during the COVID-19 crisis we have so far more than doubled this by investing an additional £716,000 combined with a further £402,000 from the government.
The chart below shows how the total of £1,845,589 is broken down.
Additional IT support
We have also invested an additional £260,000 in IT support for students, including £130,000 to purchase new laptops that are available for loan and £10,000 towards dongles to support those without adequate internet access at home.
The chart below shows how the £260,000 is broken down.
Support services for students
If you're a Manchester student looking to access support, here are some useful resources:
- Disability advice and support
- Careers Service
- Cost of Living Support Fund
- Wellbeing support and events calendar
- Mental health support
Alternatively, you can explore our full range of resources and services on our Student Support website.
This year’s financial performance
- £107m adjusted surplus, excluding changes to USS pension deficit recovery (£12.9m decrease from 21/22).
- £1.3bn total income (10.5% increase from 21/22) driven by a strong demand for student places and world-leading research.
- We generated £88m cash from operating activities but need to retain cash to invest in student and staff facilities and support, IT infrastructure, zero carbon projects and premises/residences.
Where our money comes from
Total income: £1.3 billion.
- £660m, 49%: Tuition fees.
- £257m, £19%: Research income.
- £143m, 11%: Government funding.
- £146m, 11%: Other.
- £81m, 6%: Capital grant income.
- £58m, 4%: Residential and catering income.
- Where we spend our money
- 50% on staff costs.
- 8% on premises.
- 8% on depreciation and amortisation.
- 12% on teaching other operating expenditure (OOE).
- 6% of research OOE.
- 16% on other OOE.
Staff costs were £624m.
Annual loan interest was £17m.
£92m spent on pensions in the year.
Sector leading £18m cost of living support package for students and staff.
Key activity spend in £ millions
- Total spend: £1,238m.
- Academic departments: 497m.
- Research: 211m.
- Running our estate: 191m.
- Administration and central services: 169m.
- Residences and catering operations: 50m.
- IT services: 48m.
- Cultural institutions and other: 44m.
- Library: 28m.
Expenditure is up by £140m (13%) due to investment, general high inflation and cost of living support.
Investing in the student experience
- £12m investment in future student residences in Fallowfield.
- £5.4m on improving the journey from application to graduation.
- £30.6m in student bursaries and in students/academics fleeing conflict zones.
- £2.8m for 27 new academic programmes and a cross-cultural learning experience.
- £2.9m grant given to the Students’ Union (increase of £0.3m from 21/22).
- 40,906 students received cost of living payments totalling £7.4m.
- £10m on Dalton Ellis halls.
- £1m on Oak House residences.
University reserves and resources we can spend
We maintain a strong cash balance to ensure we can pay our staff and suppliers.
- £443m cash deposits.
- £283m net amounts owed.
- £431m staff pensions (£401m) and other provisions (£30m).
- £394m long term loans.
- £275m heritage and other assets.
- £222m endowments.
- £2,054m land, buildings and equipment.
Funded/unfunded capital spend
If we can deliver our planned surpluses over the next ten years, we will be able to invest approximately £740m in our estate, IT and zero carbon projects. This still leaves £1.5bn of investment needed that we cannot afford to fund.
- £742m Funded.
- £1,532m Unfunded.
- Campus building maintenance: £444m funded, £627m unfunded.
- Residences: £61m funded, £190m unfunded.
- Zero carbon work: £153m funded, £380m unfunded.
- Library and Stopford building: £53m funded, £335m unfunded.
- IT infrastructure: £31m funded, £nil unfunded.
This year’s financial performance
- £107m adjusted surplus, excluding changes to USS pension deficit recovery (£12.9m decrease from 21/22).
- £1.3bn total income (10.5% increase from 21/22) driven by a strong demand for student places and world-leading research.
- We generated £88m cash from operating activities but need to retain cash to invest in student and staff facilities and support, IT infrastructure, zero carbon projects and premises/residences.
Where our money comes from
Total income: £1.3 billion.
- £660m, 49%: Tuition fees.
- £257m, £19%: Research income.
- £143m, 11%: Government funding.
- £146m, 11%: Other.
- £81m, 6%: Capital grant income.
- £58m, 4%: Residential and catering income.
- Where we spend our money
- 50% on staff costs.
- 8% on premises.
- 8% on depreciation and amortisation.
- 12% on teaching other operating expenditure (OOE).
- 6% of research OOE.
- 16% on other OOE.
Staff costs were £624m.
Annual loan interest was £17m.
£92m spent on pensions in the year.
Sector leading £18m cost of living support package for students and staff.
Key activity spend in £ millions
- Total spend: £1,238m.
- Academic departments: 497m.
- Research: 211m.
- Running our estate: 191m.
- Administration and central services: 169m.
- Residences and catering operations: 50m.
- IT services: 48m.
- Cultural institutions and other: 44m.
- Library: 28m.
Expenditure is up by £140m (13%) due to investment, general high inflation and cost of living support.
Investing in the student experience
- £12m investment in future student residences in Fallowfield.
- £5.4m on improving the journey from application to graduation.
- £30.6m in student bursaries and in students/academics fleeing conflict zones.
- £2.8m for 27 new academic programmes and a cross-cultural learning experience.
- £2.9m grant given to the Students’ Union (increase of £0.3m from 21/22).
- 40,906 students received cost of living payments totalling £7.4m.
- £10m on Dalton Ellis halls.
- £1m on Oak House residences.
University reserves and resources we can spend
We maintain a strong cash balance to ensure we can pay our staff and suppliers.
- £443m cash deposits.
- £283m net amounts owed.
- £431m staff pensions (£401m) and other provisions (£30m).
- £394m long term loans.
- £275m heritage and other assets.
- £222m endowments.
- £2,054m land, buildings and equipment.
Funded/unfunded capital spend
If we can deliver our planned surpluses over the next ten years, we will be able to invest approximately £740m in our estate, IT and zero carbon projects. This still leaves £1.5bn of investment needed that we cannot afford to fund.
- £742m Funded.
- £1,532m Unfunded.
- Campus building maintenance: £444m funded, £627m unfunded.
- Residences: £61m funded, £190m unfunded.
- Zero carbon work: £153m funded, £380m unfunded.
- Library and Stopford building: £53m funded, £335m unfunded.
- IT infrastructure: £31m funded, £nil unfunded.