UCA Financial Statements 2018-19-1575024120005
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UCA Financial Statements 2018-19-1575024120005
University for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year e UCA Financial Statements 2018-19-1575024120005ended 31 July 2019ContentsPageStrategic Report44976Details of Board of Governors20Responsibilities and Corporate Governance statement21-25Independent Auditor s Report26-27Consolidated and University Statement of Comprehensive Income28Consolidated and University Balance Sheets29Consolidated Statement UCA Financial Statements 2018-19-1575024120005 of Cash Flows30Consolidated and University statement of Changes In Reserves31Statement of Principal Accounting Policies32-37Notes to the Financial StUCA Financial Statements 2018-19-1575024120005
atements38-58This document constitutes the annual reportPage 1 of 58University for the Creative ArtsStrategic ReportThe University is a Higher EducatiUniversity for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year e UCA Financial Statements 2018-19-1575024120005ivered our charitable purposes for public benefit and of our overall performance in 2018/19. In preparing this review, the Board of Governors has had regard to the Charity Commission's guidance on public benefit.The University's BeneficiariesThe University's charitable objects, derived from the Educ UCA Financial Statements 2018-19-1575024120005ation Reform Act 1988: Section 124. are the advancement of further and higher education (FE and HE) and research. Our students are the University's prUCA Financial Statements 2018-19-1575024120005
imary beneficiaries. However, our beneficiaries also include employers and businesses within the creative industries sector and beyond; external reseaUniversity for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year e UCA Financial Statements 2018-19-1575024120005campus; and school children, local communities and our alumni who attend educational events organised by the University and make use of its academic facilities.We do not believe that UCA carries out any activities that could harm its beneficiaries and we are not aware of views amongst others that su UCA Financial Statements 2018-19-1575024120005ch harm might arise. No serious incidents of material Significance were reported in 2018/19.The University's 10 Year StrategySince the arrival of ItsUCA Financial Statements 2018-19-1575024120005
Vice-Chancellor, Professor Bashir Makhoul. in June 2017, the University has sought to build on its activity over the previous five years, which saw itUniversity for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year e UCA Financial Statements 2018-19-1575024120005nhancing still further its educational offer The University is seeking to build on what it does best, with its focus being set on the broader needs of the creative industries, as exemplified by its creation of a Business School for the Creative Industries - the first of its kind in the UK. Pursuit o UCA Financial Statements 2018-19-1575024120005f the two key objectives of recruitment and enhancement will enable the University to invest in its future development, whilst working in partnershipUCA Financial Statements 2018-19-1575024120005
with its students and other organisations to co-create the student experience, expansion overseas, and robust recruitment pipelines.Following the arriUniversity for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year e UCA Financial Statements 2018-19-1575024120005y and Identifies that it intends to be:•Recognised as a global authority on creative arts, creative technologies and business for the creative industries.We will:•Grow our student numbers, increasing the profile and reputation of the University nationally and internationally and developing mutually UCA Financial Statements 2018-19-1575024120005beneficial partnerships, to deliver a sustainable financial position and more resilient organisation.•Build upon what we do well, reviewing our portfoUCA Financial Statements 2018-19-1575024120005
lio and ensuring that the activities we undertake are effective, coherent and viable, both educationally and financially.•Review the use of our resourUniversity for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year e UCA Financial Statements 2018-19-1575024120005University of the Year, League Table Performance and TEFIn September 2018 UCA was named the Modern University of the Year in The Times and The Sunday Times Good University Guide 2019. In addition to receiving this accolade, the University achieved the following rankings in the Guide s league table:• UCA Financial Statements 2018-19-1575024120005Top creative specialist institution•Top 10 for teaching qualityUniversity for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year eUniversity for the Creative ArtsFinancial Statementsfor the year ended 31 July 2019University for the Creative ArtsFinancial Statements for the year eGọi ngay
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