Board Of Management Of Dundee And Angus College
Latest income
£47.5m
Latest spending
£49.5m
Accounts read
FY2025
Form
Statutory corporation (Royal Charter etc)
Financial health, per FY2025 accounts
The accounts state that the College reported a consolidated deficit of £2.035 million for the year ended 31 July 2025, though this included significant non-cash items such as depreciation and a technical provision for job evaluation costs. Per the trustees' report, the College faces ongoing financial risks due to flat cash funding settlements and inflation, with a forecast deficit of £2.34 million anticipated for 2025/26 if significant savings are not achieved. Despite these pressures, the College maintained unrestricted reserves of £46.645 million and confirmed it has adequate resources to continue as a going concern.
What the accounts disclose
Highest-paid employee band: £130,001 - £140,000
“The banded remuneration of the highest paid official in the organisation in the financial year 2024-25 was £130,000-£135,000” — page 39
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 12
“The total number of higher paid staff, including senior post-holders, above a threshold of total emoluments of £60,000, are tabled in Note 9.” — page 44
Per FY2025 accounts as filed with OSCR.
Trading subsidiary: Gardyne Theatre Limited
“The consolidated financial statements for the Group bring together the financial statements of the College and its wholly owned subsidiary ‘Gardyne Theatre Limited’.” — page 58
Per FY2025 accounts as filed with OSCR.
Governance note: The College complies in full with all the principles and requirements of the 2022 Code of Governance for Scottish Colleges with the exception of the role of the Secretary to the Board.
“The College complies in full with all the principles and requirements of the 2022 Code of Governance for Scottish Colleges with the exception of the role of the Secretary to the Board.” — page 27
Per FY2025 accounts as filed with OSCR.
Independent examiner: Forvis Mazars LLP
Per FY2025 accounts as filed with OSCR.