Borders College
Latest income
£18.1m
Latest spending
£16.5m
Accounts read
FY2025
Form
Statutory corporation (Royal Charter etc)
Financial health, per FY2025 accounts
The accounts state that the College reported a surplus before other gains and losses of £1.587m for the year ended 31 July 2025, resulting in total net assets of £13.391m. However, the Board acknowledges that financial sustainability remains a significant challenge, with a plan in place to operate at a deficit for the next three years while implementing efficiency measures and securing increased funding. The College is considered a going concern, though its long-term position is described as more challenging due to flat cash settlements and inflationary pressures.
What the accounts disclose
Going concern: doubt noted
“The Board has approved a Financial Sustainability Development Plan which when fully implemented would move the College to a more sustainable financial position. The plan sees the College operate to deficit budget for the 2025/26, 2026/27 and 2027/28. The plan is dependant of the re-instatement of credit income, implementation of savings and efficiencies, and increased commercial income and grants.” — page 9
Per FY2025 accounts as filed with OSCR.
Reserves policy: unclear (held: £3.8m)
“This combination of efficiency and increased capacity is designed to enable a return to a balanced operating position within three years.”
Per FY2025 accounts as filed with OSCR.
Largest income source: Scottish Funding Council (67% of income)
“The College is the Regional College for the Scottish Borders with 67% of its funding from the Scottish Funding Council.” — page 5
Per FY2025 accounts as filed with OSCR.
Independent examiner: Azets Audit Services
Per FY2025 accounts as filed with OSCR.