Charity Accounts Intelreading the accounts so you don’t have to

University Of Dundee

Scottish charity SC015096 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£335.4m
Latest spending
£254.2m
Accounts read
FY2024

Financial health, per FY2024 accounts

The accounts state that the University reported a surplus of £73.3m for the year, but this included a significant non-recurrent £80.3m release of the USS pension provision, resulting in an underlying operating deficit of £12.8m. Per the trustees' report, the University is in a financial crisis with a material uncertainty regarding its ability to continue as a going concern, dependent on securing further cost reductions and continued government funding.

What the accounts disclose

Reserves position: below the charity's own stated policy
“At the reporting date of 31 July 2024 the University Court had approved a target of 7% EBITDA as a percentage of income as a strategic KPI. EBITDA for 2023/24 is (£0.9)m. This is a reduction of £12.7m compared with the 2022/23 EBITDA of £11.8m. As a percentage of total income, 2023/24 EBITDA is (0.3)% of total income (2023: 3.6%).” — page 12
Per FY2024 accounts as filed with OSCR.
Going concern: material uncertainty disclosed
“The University Court has concluded that a material uncertainty exists in relation to the University's ability to continue as a going concern.”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Scottish Enterprise: Funder/Operations
“Scottish Enterprise Funder Operation/Grants 8,267 8 11”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Robertson Construction Tayside Ltd: Supplier
“Scottish Enterprise Funder Operation/Grants 8,267 8 11”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Dundee City Council: Supplier/Customer
“Scottish Enterprise Funder Operation/Grants 8,267 8 11”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Scottish Government: Funder
“Scottish Enterprise Funder Operation/Grants 8,267 8 11”
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Principal rented property from University
“Scottish Enterprise Funder Operation/Grants 8,267 8 11”
Per FY2024 accounts as filed with OSCR.
Register data and accounts from the Scottish Charity Regulator (OSCR), used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.