annual review 200910
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Annual Review 2009 10 PresentationTRANSCRIPT
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ANNUAL REPORT 2009/10
JOHN SPINDLERVICE PRINCIPAL
(FINANCE & CORPORATE
DEVELOPMENT)
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Development of Partnerships
• NEGM Colleges• Accrington and Rossendale College• RMBC• Business Partners• Outsourced marketing• Many others
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Financial PerformanceIncome
• Income at record levels• Income rose from £23m to £27m• Increased SFA income - ex-RMBC activities• Growth in ALR/ER/ASL• 16 – 18 £13.4m• 19+ £4.3m• ER £3.3m
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Income
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Funding Bodies Breakdown
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Learners
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Financial PerformanceExpenditure
• Staff costs £16.7m• Restructuring costs £578k• Other costs £8.5m
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Expenditure
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Financial PerformanceSurplus/Deficit
• Surplus of £86k AFTER restructuring costs• Building write-offs of £670k• Progress towards 2% target
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Efficiencies Programme
• Reduced annual payroll by £1m• Reduction of 55 posts• Regular consultation• Voluntary redundancies where possible
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Resources
• New Technology Centre• Virtual PCs• Media Suite• Learning Resource Centres• Student spaces• Wi-Fi
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Business Transformation
• Financial Impact of CSR• Reduce annual expenditure by £3.1m• Forecast achievement of 2% target
surplus• Continued efficiency drive