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

Primary Reserve Ratio

Net assets no restriction

34,013

30,622

Net assets with donor restriction

447

447

Less

SOFP (income and expenditure reserve-endowment reserve)

Term endowments

-

-

Goodwill

-

-

PPE

SOFP (Tangible Assets)

81,728

79,138

Intangible assets

-

-

Pension liability

-

-

Line of credit for long term purposes

17,942

20,265

(29,326)

(27,804)

Total operating expenses

55,224

53,428

Other gains/(losses)

-

-

55,224

53,428

Equity Ratio

Net Assets without Donor Restriction

34,013

30,622

Net Assets with Donor Restriction

447

447

Less

-

-

Goodwill

-

-

Intangible assets

-

-

34,461

31,069

Total Assets

91,950

89,180

Less

-

-

Goodwill

-

-

Intangible Assets

-

-

91,950

89,180

Net Income Ratio

SOCI (Unrestricted comprehensive income for the year)

Change in net assets without donor restrictions

23

59,397

55,689

Total operating revenue - unrestricted

59,397

55,689

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

23

Sale of fixed assets

0

22

59,397

55,711

72