Board Of Management Of South Lanarkshire College
Latest income
£19.0m
Latest spending
£22.0m
Accounts read
FY2025
Form
Statutory corporation (Royal Charter etc)
Financial health, per FY2025 accounts
The accounts state that the College reported an operating deficit of £2,977k for the year ended 31 July 2025, largely driven by restructuring costs from a voluntary severance scheme. Total reserves decreased to £25,155k, and the cash balance fell significantly to £1,906k, reflecting the settlement of pay awards and self-funded restructuring costs. Despite these challenges, the Board determined the College remains a going concern with adequate resources for the foreseeable future.
What the accounts disclose
Highest-paid employee band: £110,001 - £120,000
“The banded remuneration of the highest paid official in the institution in the financial year 2024-25 was £110-£115k”
Per FY2025 accounts as filed with OSCR.
Reserves policy: build up month end reserves to allow consideration of a transfer to the College Foundation (held: £25.2m)
“To manage short-term working capital by building up month end reserves to allow consideration of a transfer to the College Foundation”
Per FY2025 accounts as filed with OSCR.
Independent examiner: Audit Scotland
Per FY2025 accounts as filed with OSCR.