THE COLLEGE OF ST MARY MAGDALENE IN THE UNIVERSITY OF CAMBRIDGE
Financial health, per its FY2025 accounts
The accounts state that the College reported a surplus for the year, with total unrestricted liquid reserves of £13.9m against a policy target of £5.8m. However, the College continues to run an operational deficit as employment costs rise faster than income, and it has set a deficit budget for the following year to manage expenditure while commercial property revenues face challenges.
What the accounts disclose
“The Trustees received no remuneration in their capacity as Trustees of the Charity, these payments relate to their capacity as College Officers.” — page 39
“There has been an overall decrease in the FRS 102 pension deficit, which has reduced to £913k (£1,054k 2023-24). There has been no change to the USS pension scheme’s deficit which is completely eliminated.”
“The College has one trading subsidiary, Cloverleaf Limited, which is consolidated into these accounts. Cloverleaf Limited is 100% owned by the College and is registered and operating in England and Wales.” — page 54
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Sir Christopher Greenwoodchair
- Alastair Mills
- CORINNE LLOYD
- DR HUGHES AZERAD
- DR JANE HUGHES
- Dr ALLEGRE LAURENCE HADIDA
- Dr ARI ERCOLE
- Dr Alexander Bryan
- Dr Eduardo Gallo
- Dr GARETH PETER PEARCE
- Dr JOHN ROBERT PATTERSON
- Dr NICHOLAS ROGER CARROLL
- Dr RICHARD ROEBUCK
- Dr ROWAN MARGARET BURNSTEIN
- Dr SERGIO BACALLADO
- Dr Simon Ravenscroft
- Dr Tijmen Euser
- Dr Walid Khaled
- Dr Zachariah Bond
- Jostein Hauge
- PROFESSOR AMIRA BENNISON
- PROFESSOR HOLGER BABINSKY
- PROFESSOR PAUL DUPREE
- PROFESSOR SAUL DUBOW
- PROFESSOR TIMOTHY NORMAN HARPER
- Peter Asimov-Hofmann
- Professor ANTJE LUISE DU BOIS-PEDAIN
- Professor CARL STUART WATKINS
- Professor CECILIA BRASSETT
- Professor JOHN J ORR
- Professor Klaus Okkenhaug
- Professor LUKE SKINNER
- Professor Linda Fisher
- Professor MARCUS WAITHE
- Professor NEIL GARATH JONES
- Professor SILKE CHARLOTTE MENTCHEN
- Professor SIMON STODDART
- Professor STUART MARTIN
- Professor TIMOTHY ARTHUR COOMBS
- Rev JOHN MUNNS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £15.1m | £14.8m |
| 30/06/2024 | £14.8m | £13.7m |
| 30/06/2023 | £13.4m | £13.5m |
| 30/06/2022 | £12.6m | £11.7m |
| 30/06/2021 | £10.3m | £9.5m |
Common questions
Is THE COLLEGE OF ST MARY MAGDALENE IN THE UNIVERSITY OF CAMBRIDGE financially healthy?
The accounts state that the College reported a surplus for the year, with total unrestricted liquid reserves of £13.9m against a policy target of £5.8m. However, the College continues to run an operational deficit as employment costs rise faster than income, and it has set a deficit budget for the following year to manage expenditure while commercial property revenues face challenges. Its FY2025 accounts were audited by PEM Audit Limited.