DOWNING COLLEGE IN THE UNIVERSITY OF CAMBRIDGE
TO FURTHER PUBLIC GOOD BY PROMOTING LEARNING, STUDY AND TEACHING IN A COMMUNITY OF SCHOLARS IN THE UNIVERSITY OF CAMBRIDGE
Objects
ONE PERPETUAL COLLEGE FOR STUDENTS IN LAW, PHYSIC, AND OTHER USEFUL ARTS AND LEARNING.
Financial health, per its FY2025 accounts
The accounts state that the College reported a total surplus of £5.7 million for the year ended 30 June 2025, although the unrestricted operations showed a loss of £466 thousand. The College's free reserves were negative £7.9 million, a position the Governing Body considers not problematic due to access to liquidity sources including loan finance and unrestricted investment assets. The College continues to face financial pressures from an operating deficit in education costs and ongoing building refurbishments.
What the accounts disclose
“Unrestricted College income before donations is made up of academic fees (25%), charges to students for accommodation and meals (32%), conference income (25%), income from the College’s investment assets (18%).” — page 24
“The College has a number of trading subsidiary undertakings which are consolidated into these accounts. All subsidiary undertakings are 100% owned by the College and are registered and operating in England and Wales. The College has taken advantage of the exemption within section 33 of FRS 102 not to disclose transactions with wholly owned group companies that are related parties.” — page 76
“Net defined benefit (liability) (433) (536)”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 30/06/2025
- Employees paid over £60,000: 19 (£60,001–£70,000: 10; £70,001–£80,000: 5; £80,001–£90,000: 2; £90,001–£100,000: 1; £110,001–£120,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 30/06/2024
- Government income: £239,000 — grants £239,000 (1); 1% of the £16,155,551 total gross income on the same return
- Employees paid over £60,000: 13 (£60,001–£70,000: 7; £70,001–£80,000: 4; £110,001–£120,000: 2)
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 30/06/2023
- Employees paid over £60,000: 12 (£60,001–£70,000: 5; £70,001–£80,000: 3; £80,001–£90,000: 1; £90,001–£100,000: 1; £100,001–£110,000: 1; £110,001–£120,000: 1)
- Has a trading subsidiary
Leadership, per the charity’s website
- Professor Graham Virgo — Master
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- PROF GRAHAM JOHN VIRGOchair
- DR DINO KADICH
- DR RACHEL COOMBES
- DR REBECCA FREUND
- DR SARAH KENNEDY
- Dr ALICE SOWTON
- Dr BRIGITTE STEGER
- Dr Charlotte Christiane Hammer
- Dr DAVID ROBERT PRATT
- Dr David Solomon Halpern CBE
- Dr EWAN JONES
- Dr Emma Louise Hazelwood
- Dr Francesco Muschitiello
- Dr Frisbee Sheffield
- Dr Hamish Anthony Symington
- Dr JIE LI
- Dr John William Roger Morgan
- Dr KAMRAN YUNUS
- Dr MARTA MORGADO CORREIA
- Dr Maria Elena Martinez-Acacio Alonso
- Dr Maria Vera Morales
- Dr Maria-Andreea Filip
- Dr Michael Crisp
- Dr NATALIA MORA-SITJA
- Dr Neda Farahi
- Dr SOPHIA DEMOULINI
- Dr STEFANIA FIORENTINO
- Dr TIM BURTON
- Dr YANG LI
- James Christopher McCaffrey
- Joanne Finnie Jones
- Michael Ashby
- PROF AMY LOUISE MILTON
- PROF CHRISTOPHER ALLIM HANIFF
- PROF DAVID JOHN WALES
- PROF IAN GARETH ROBERTS
- PROF JOSEPH WEBSTER
- PROF MONICA MORENO FIGUEROA
- PROF NICK RAWLINSON
- PROF WILLIAM O'NEILL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £18.5m | £21.1m |
| 30/06/2024 | £16.2m | £18.2m |
| 30/06/2023 | £14.4m | £17.9m |
| 30/06/2022 | £12.8m | £15.6m |
| 30/06/2021 | £10.2m | £12.4m |
Common questions
Is DOWNING COLLEGE IN THE UNIVERSITY OF CAMBRIDGE financially healthy?
Per its FY2025 accounts: The accounts state that the College reported a total surplus of £5.7 million for the year ended 30 June 2025, although the unrestricted operations showed a loss of £466 thousand. The College's free reserves were negative £7.9 million, a position the Governing Body considers not problematic due to access to liquidity sources including loan finance and unrestricted investment assets. The College continues to face financial pressures from an operating deficit in education costs and ongoing building refurbishments. Its FY2025 accounts were audited by PEM Audit Limited.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| The Hugh Mumford Charitable Trust | FY2024 | Unverified read£8k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ISAAC NEWTON TRUST | 4 | £132k |
| CAMBRIDGE IN AMERICA (UK) LIMITED | 3 | £441k |
| THE JOHN BROWNE CHARITABLE TRUST | 1 | £105k |
| THE KAJATAWA FOUNDATION | 1 | £60k |
| THE ALAN AND SHEILA DIAMOND CHARITABLE TRUST | 1 | £35k |
| THE C P CHARITABLE TRUST | 1 | £20k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £10k |
| THE GREG & ROSIE LOCK CHARITABLE FOUNDATION TRUST | 1 | £10k |
Charities like this
- JESUS COLLEGE IN THE UNIVERSITY OF CAMBRIDGE
- CLARE COLLEGE CAMBRIDGE
- CHURCHILL COLLEGE IN THE UNIVERSITY OF CAMBRIDGE
- THE MASTER FELLOWS AND SCHOLARS OF EMMANUEL COLLEGE IN THE UNIVERSITY OF CAMBRIDGE
- ST JOHN'S COLLEGE CAMBRIDGE
- SELWYN COLLEGE CAMBRIDGE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| DOWNING COLLEGE IN THE UNIVERSITY OF CAMBRIDGE | £18.5m | — | — | unclear | — | no doubt |
| JESUS COLLEGE IN THE UNIVERSITY OF CAMBRIDGE | £31.1m | — | — | unclear | — | no doubt |
| CLARE COLLEGE CAMBRIDGE | £16.0m | — | — | unclear | — | no doubt |
| CHURCHILL COLLEGE IN THE UNIVERSITY OF CAMBRIDGE | £28.6m | — | — | unclear | — | no doubt |
| THE MASTER FELLOWS AND SCHOLARS OF EMMANUEL COLLEGE IN THE UNIVERSITY OF CAMBRIDGE | £22.9m | over £105,000 | 3 | unclear | — | no doubt |
| ST JOHN'S COLLEGE CAMBRIDGE | £58.7m | — | — | above | — | no doubt |