THE PRINCIPAL AND FELLOWS OF SOMERVILLE COLLEGE
Latest income
£20.0m
Latest spending
£18.4m
Registered
2010
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves are negative at £(0.4)m, though the College holds significant designated unrestricted reserves of £133m for fixed assets. The College reports a surplus on unrestricted funds and notes that pressure on costs eased during the year, resulting in an overall increase in net assets to £238m.
What the accounts disclose
Reserves policy: sufficient free reserves to enable it to meet its short-term financial obligations in the event of an unexpected revenue shortfall (held: £-400k)
“The College's reserves policy is to establish, and thereafter maintain sufficient free reserves to enable it to meet its short-term financial obligations in the event of an unexpected revenue shortfall.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee donations
“Donations totalling £2k were received from Trustees of the College (2023: £6k)” — page 39
“The College hosted summer courses for Universify Education at a cost of £13k. S Rayner is a Trustee of Universify Education” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee service provider
“Donations totalling £2k were received from Trustees of the College (2023: £6k)” — page 39
“The College hosted summer courses for Universify Education at a cost of £13k. S Rayner is a Trustee of Universify Education” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Somerville College Trading Limited, Somerville College Developments Limited
“The College also has two wholly owned non-charitable subsidiaries: Somerville College Trading Limited, and Somerville College Developments Limited” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/07/2025)
Total income
£20.0m
Total spending
£18.4m
Cost of raising funds
£1.3m
Reserves (reported)
£136.6m
Employees
290
Trustees
- ANDREW PARKER
- ANNIE SUTHERLAND
- Anastasia Ignatieva
- Catherine Royle
- Charlotte Potts
- Colin Phillips
- Dr BEATE DIGNAS
- Dr BENJAMIN THOMPSON MA PHD
- Dr DANIEL ANTHONY
- Dr Faridah Zaman
- Dr Francesca Arduini
- Dr Francesca Southerden
- Dr JONATHAN BURTON
- Dr JULIE DICKSON
- Dr LUKE PITCHER BA MA MST
- Dr MICHAEL HAYWARD
- Dr Markos Koumaditis
- Dr NATALIA MAGDALENA NOWAKOWSKA
- Dr PHILIP WEST
- Dr SIMON KEMP
- Dr Samantha Dieckmann
- Dr Steve Rayner
- Dr Thaddeus Komacek
- Iyiola Solanke
- Konstantina Vogiatzaki
- PROFESSOR CHARLES SPENCE PHD
- PROFESSOR FIONA STAFFORD SPARKES FRSE
- PROFESSOR LOIS MCNAY
- PROFESSOR STEPHEN ROBERTS
- Professor Almut Suerbaum
- Professor Christopher Hare
- Professor Dale Dorsey
- Professor Damian Tyler
- Professor Dan Ciubotaru
- Professor Elena Seiradake
- Professor Emily Flashman
- Professor Karen Nielsen
- Professor Louise Mycock
- Professor Michelle Jackson
- Professor Owens Patricia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £20.0m | £18.4m |
| 31/07/2024 | £17.6m | £15.7m |
| 31/07/2023 | £16.3m | £17.1m |
| 31/07/2022 | £13.6m | £17.1m |
| 31/07/2021 | £12.1m | £14.2m |
Common questions
Is THE PRINCIPAL AND FELLOWS OF SOMERVILLE COLLEGE financially healthy?
The accounts state that unrestricted reserves are negative at £(0.4)m, though the College holds significant designated unrestricted reserves of £133m for fixed assets. The College reports a surplus on unrestricted funds and notes that pressure on costs eased during the year, resulting in an overall increase in net assets to £238m. Its FY2024 accounts were audited by Crowe U.K. LLP.