Hartpury Annual Report July 2025

Hartpury University Annual Report and Financial Statements > 2024/2025

Notes to the Financial Statements (continued) Year Ended 31 July 2025

37

Auxiliary enterprises

Note 7(All other items less “net assets released in restrictions”) Note 6 (Staffing costs)

11,607

12,227

35

Staffing

31,640

29,834

Total Operating Expenses

55,224

53,428

Change in Net Assets from Operations

4,172

2,262

Non-Operating Changes

Pension related changes other than net periodic pension costs

23

SOCI (Actuarial gains/losses)

(781)

(695)

SOCI (Gain/(loss) on disposal of tangible assets)

23 Sale of fixed assets, gains (losses)

-

22

Total Non-Operating Changes

(781)

(673)

Changes in Net Assets Without Donor Restrictions

SOCI (unrestricted comprehensive income for the year)

3,391

1,986

23 Contributions

SOCI

-

(398)

Changes in Net Assets with Donor Restrictions

SOCI (Endowment comprehensive income for the year)

-

(398)

SOCI (Total comprehensive income for the year)

Change in Net Assets

3,391

1,588

Net Assets, Beginning of Year

SOFP (Net Assets)

31,069

29,481

Net Assets, End of Year

SOFP (Net Assets)

34,460

31,069

Lease right of use

Pre-implementation

-

-

Post-implementation

-

-

Lease right of use liability

Pre-implementation

-

-

Post-implementation

-

-

Net Property plant and equipment

Pre-implementation PPE

38 Construction in Progress

Note 9

69,964

64,345

38 Post-implementation

Note 9

11,764

14,793

-

-

81,728

79,138

Long term debt for long term purposes

41 Pre-implementation

Note 14

Post-implementation

17,942

20,265

-

-

17,942

20,265

71