THE RECTOR AND SCHOLARS OF EXETER COLLEGE IN THE UNIVERSITY OF OXFORD
To maintain and support a College within the University of Oxford, for the advancement of knowledge, education, research, learning and religion.
Financial health, per its FY2025 accounts
The accounts state that total funds increased to £150.4m, driven by gains in investment values, while free unrestricted reserves of £4.0m met the stated policy target of four months' operating expenditure. The College reported a net income surplus of £4.6m and maintains significant liquidity through expendable endowment funds and cash reserves to support its charitable activities.
What the accounts disclose
“Teaching, research and residential income was up at £9.6m (2024: £9.2m) with higher tuition fees of £3.6m (2024: £3.3m) due largely to inflation and a 3% increase for undergraduate home fees”
“Income from donations and legacies was maintained at £2.3m (2024: £2.3m) with fundraising costs increasing to £0.7m (2024: £0.6m).” — page 19
“Governing Body agreed that the free general reserves should be maintained at four months’ operating expenditure to allow the College to be managed efficiently and to provide a buffer to maintain its charitable activities in the event of an unexpected drop in income or exceptional expense. In monetary terms, this equates to a figure of approximately £4.0m.” — page 20
“The College has four wholly owned non-charitable subsidiaries, three trading and one dormant. Exeter College Trading Ltd, for non-charitable trading, Collexoncotoo Ltd, which undertakes the College’s building works, Exeter College Yew Tree Hill Development Company Ltd (dormant), and Checker Hall Company Ltd, a property investment company.” — page 11
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2024) to "within" (FY2025).
Leadership, per the charity’s website
- Dr Andrew Roe — Rector
- Yvonne Rainey — Director of Development and Alumni Relations
- Antony Willott — University Director of Planning and Governance
- Babis Karakoulas — Domestic Bursar
- Nicholas Badman — Finance and Estates Bursar
Funders the charity credits
- UKRI
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Dr Andrew Michael ROE CBchair
- Antony Willott
- Charalampos Karakoulas
- Dr Agni ORFANOUDAKI
- Dr Barnaby Taylor
- Dr CHRISTOPHER BALLINGER
- Dr CORNELIA DRUTU BADEA
- Dr Christopher Fletcher
- Dr Christopher Michael RUSSELL
- Dr Daniel Quigley
- Dr Florian TROUVAIN
- Dr Gail Hayward
- Dr George ASIAMAH
- Dr Imogen Choi
- Dr JAMES KENNEDY
- Dr James Grant
- Dr Lucy Powell
- Dr Lukas KRONE
- Dr MARTIN DAVY
- Dr MAUREEN ELIZABETH TAYLOR
- Dr Nicole KING
- Dr Paula Jacoba KOELEMEIJER
- Dr Sandra KIEFER
- Georgia ISOM
- Joseph Walker LEIDY
- Kerry Marie May WALKER
- NIGEL PORTWOOD
- Nicholas BADMAN
- PROFESSOR ANDREW STEANE
- PROFESSOR CAROL ROBINSON
- PROFESSOR JARED TANNER
- PROFESSOR JONATHAN HERRING
- Philippa WEBB
- Prof Nandini Das
- Professor Ann Horton Kelly
- Professor Asli Niyazioglu-Djasalov
- Professor CATHERINE GREEN
- Professor Christina DE BELLAIGUE
- Professor Christoph Tang
- Professor Conall Mac Niocaill
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £14.6m | £16.1m |
| 31/07/2024 | £14.0m | £13.7m |
| 31/07/2023 | £13.1m | £14.5m |
| 31/07/2022 | £12.4m | £16.0m |
| 31/07/2021 | £9.7m | £13.2m |
Common questions
Is THE RECTOR AND SCHOLARS OF EXETER COLLEGE IN THE UNIVERSITY OF OXFORD financially healthy?
Per its FY2025 accounts: The accounts state that total funds increased to £150.4m, driven by gains in investment values, while free unrestricted reserves of £4.0m met the stated policy target of four months' operating expenditure. The College reported a net income surplus of £4.6m and maintains significant liquidity through expendable endowment funds and cash reserves to support its charitable activities. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds THE RECTOR AND SCHOLARS OF EXETER COLLEGE IN THE UNIVERSITY OF OXFORD?
Funders whose own accounts filings name THE RECTOR AND SCHOLARS OF EXETER COLLEGE IN THE UNIVERSITY OF OXFORD as a grant recipient include THE TOLKIEN TRUST, The Marks Family Charitable Trust, THE JIGSAW NETWORK C.I.O., THE JOHN BOOTH CHARITABLE FOUNDATION, ST JOHN'S HOSPITAL EDUCATIONAL FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE TOLKIEN TRUST | FY2022 | £170k | |
| THE TOLKIEN TRUST | FY2023 | £30k | |
| The Marks Family Charitable Trust | FY2023 | £17k | |
| THE JIGSAW NETWORK C.I.O. | FY2021 | £10k | |
| THE JOHN BOOTH CHARITABLE FOUNDATION | FY2022 | £10k | |
| The Marks Family Charitable Trust | FY2022 | £3k | |
| ST JOHN'S HOSPITAL EDUCATIONAL FOUNDATION | FY2022 | £432 | Annual payments (maintenance of lectures) |
| ST JOHN'S HOSPITAL EDUCATIONAL FOUNDATION | FY2021 | £432 | Maintenance of lectures |
| ST JOHN'S HOSPITAL EDUCATIONAL FOUNDATION | FY2023 | £32 | maintenance of lectures |
| ST JOHN'S HOSPITAL EDUCATIONAL FOUNDATION | FY2024 | £32 | maintenance of lectures |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HDH WILLS 1965 CHARITABLE TRUST | 1 | £1.0m |
| THE JOHN R. MURRAY CHARITABLE TRUST | 1 | £1.0m |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | 1 | £303k |
| LOB'S CHARITY | 1 | £35k |
| THE SANDERSON FOUNDATION | 1 | £15k |
| THE CASCIA TRUST | 1 | £12k |
| SWIRE CHINESE LANGUAGE FOUNDATION | 1 | £10k |
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £7k |
Charities like this
- THE MASTER AND FELLOWS OF THE COLLEGE OF THE GREAT HALL OF THE UNIVERSITY COMMONLY CALLED UNIVERSITY COLLEGE IN THE UNIVERSITY OF OXFORD
- THE COLLEGE OF THE HOLY AND UNDIVIDED TRINITY IN THE UNIVERSITY OF OXFORD OF THE FOUNDATION OF SIR THOMAS POPE
- JESUS COLLEGE WITHIN THE UNIVERSITY AND CITY OF OXFORD OF QUEEN ELIZABETH'S FOUNDATION
- THE PRINCIPAL AND FELLOWS OF THE COLLEGE OF THE LADY MARGARET IN THE UNIVERSITY OF OXFORD
- THE QUEEN'S COLLEGE, OXFORD
- THE COLLEGE OF ST MARY MAGDALEN IN THE UNIVERSITY OF OXFORD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE RECTOR AND SCHOLARS OF EXETER COLLEGE IN THE UNIVERSITY OF OXFORD | £14.6m | — | — | within | 30.4% | no doubt |
| THE MASTER AND FELLOWS OF THE COLLEGE OF THE GREAT HALL OF THE UNIVERSITY COMMONLY CALLED UNIVERSITY COLLEGE IN THE UNIVERSITY OF OXFORD | £23.4m | £60,001 - £70,000 | 4 | below | — | no doubt |
| THE COLLEGE OF THE HOLY AND UNDIVIDED TRINITY IN THE UNIVERSITY OF OXFORD OF THE FOUNDATION OF SIR THOMAS POPE | £13.5m | £70,001 - £80,000 | 3 | above | — | no doubt |
| JESUS COLLEGE WITHIN THE UNIVERSITY AND CITY OF OXFORD OF QUEEN ELIZABETH'S FOUNDATION | £13.6m | — | — | above | — | no doubt |
| THE PRINCIPAL AND FELLOWS OF THE COLLEGE OF THE LADY MARGARET IN THE UNIVERSITY OF OXFORD | £16.7m | — | — | unclear | — | no doubt |
| THE QUEEN'S COLLEGE, OXFORD | £19.9m | £190,000 - £194,999 | — | unclear | — | no doubt |