Board Of Management Of Moray College
Latest income
£13.7m
Latest spending
£15.3m
Accounts read
FY2025
Form
Statutory corporation (Royal Charter etc)
Financial health, per FY2025 accounts
The accounts state that the College reported a deficit of £1,650k for the year ended 31 July 2025, which includes one-off Voluntary Severance Scheme costs of £1,054k. Per the trustees' report, excluding these exceptional costs, the underlying Adjusted Operating Position would have been a surplus of £221k. The College closed the year with a positive cash balance of £1,352k and maintains a going concern status through July 2027 based on rolling cashflow projections.
What the accounts disclose
Highest-paid employee band: £110,001 - £115,000
“the banded remuneration of the highest paid official in the organisation in the financial year 2024/25 was in the range £110k-£115k”
Per FY2025 accounts as filed with OSCR.
Employees paid over £60,000: 6
“The College’s overall student satisfaction rate in the year-end Scottish Funding Council (“SFC”) national Student Satisfaction and Engagement Survey remained extremely high at 97.0%” — page 4
Per FY2025 accounts as filed with OSCR.
Governance note: failure to deliver a balanced budget at year-end
“the College maintained compliance with the Code of Good Governance, except for C3 and C22 (which relate to a failure to deliver a balanced budget at year-end)”
Per FY2025 accounts as filed with OSCR.
Governance note: board members not subject to annual appraisal
“the College maintained compliance with the Code of Good Governance, except for C3 and C22 (which relate to a failure to deliver a balanced budget at year-end)”
Per FY2025 accounts as filed with OSCR.
Independent examiner: Deloitte LLP
Per FY2025 accounts as filed with OSCR.