WORCESTER COLLEGE, OXFORD
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves were £1,345,000, which is below the Trustees' target range of 36 months of operating costs. The College reported an operating cash deficit of £272,000 for the year, though this was significantly reduced from the previous year due to higher donations and improved trading activity. The Trustees remain satisfied that the College is a going concern, citing sufficient liquidity and generous support from alumni.
What the accounts disclose
“This is below the Trustees’ target for free reserves, but the Trustees take comfort that the number is positive”
“Having reviewed the current cash position and forecast income and expenditure, and in the light of the College’s existing financial resources, the trustees are satisfied that the College is a going concern. However, the operating budget for the coming years remains challenging, and additional income will need to be generated and costs controlled to ensure that the College’s finances remain healthy into the medium term and beyond.” — page 14
“No trustee receives any remuneration for acting as a trustee. However, those trustees who are also employees of the College receive salaries for their work as employees.” — page 41
“During the year the partners of some trustees were paid for providing tutorials for students of the College.” — page 43
“The Pension provision of £(2,496)k (2022: £3,481k) represents a commitment to pay additional pension contributions over the period to 31 January 2028.” — page 14
“The College has a wholly owned trading subsidiary, Worcester College Enterprises Limited whose accounts are consolidated into the accounts of the College.” — page 9
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (05/06/2018)
Trustees
- Lord David Isaacchair
- Ana Durdevac
- Devyani sharma
- Dr ALEXANDER STURGIS
- Dr ANDRZEJ STANISLAW MURAWSKI
- Dr Afifi al-Akiti
- Dr BENJAMIN MORGAN
- Dr CONRAD LEYSER
- Dr Charlene Black
- Dr DAVID STEINSALTZ
- Dr GABRIEL STYLIANIDES
- Dr HAUKE KNUD MARQUARDT
- Dr Helen Parish
- Dr JAMES EDWARDS
- Dr JOHN PARRINGTON
- Dr JOHN SCOTT SCULLION
- Dr Natalia Waights Hickman
- Dr PETA FOWLER
- Dr RICHARD EARL
- Dr ROBERT SMITH
- Dr SIMON GEORGE BROOK COWAN
- Dr Wouter Mostert
- Jean-Baptiste Lugagne
- Jennifer Walshe
- Laura Elizabeth Quick
- Lisa Pilar Eberle
- Mark Bainbridge
- Michael Huggins
- Michail Peramatzis
- Mike Mayo
- Morgan Day Frank
- NIR VULKAN
- PROFESSOR ANDREAS WILLI KAUFMANN
- PROFESSOR ANDREW JONATHAN CARR
- PROFESSOR DONAL NOLAN
- PROFESSOR KIM DORA
- PROFESSOR LAURA ASHE
- PROFESSOR ROBERT HARRIS
- Professor Emmanuel Breuillard
- Professor GRANT RITCHIE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £20.3m | £18.5m |
| 31/07/2024 | £19.3m | £14.6m |
| 31/07/2023 | £14.7m | £13.8m |
| 31/07/2022 | £18.2m | £15.1m |
| 31/07/2021 | £12.6m | £13.1m |
Common questions
Is WORCESTER COLLEGE, OXFORD financially healthy?
The accounts state that unrestricted reserves were £1,345,000, which is below the Trustees' target range of 36 months of operating costs. The College reported an operating cash deficit of £272,000 for the year, though this was significantly reduced from the previous year due to higher donations and improved trading activity. The Trustees remain satisfied that the College is a going concern, citing sufficient liquidity and generous support from alumni. Its FY2023 accounts were audited by Moore Kingston Smith LLP.