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Financial information

Responsible investing

The ˿Ƶ is committed to continuing our progress to make our activities more sustainable, aligning to the UN Sustainable Development Goals.

In 2019, the ˿Ƶ committed to divest from fossil fuel companies. This programme of divestment has been completed and the ˿Ƶ no longer holds investments in fossil fuel companies. 

Building on this, in 2024 the ˿Ƶ confirmed it holds no investment in companies that primarily make or sell weapons and defence-related products or services. In addition to this, the ˿Ƶ does not hold investments in companies whose primary activity is tobacco, gambling, predatory lending or adult entertainment.

The ˿Ƶ is a responsible investor and has committed to this in its most recent statement on responsible investment.

To find out more, see the ˿Ƶ Statement on Responsible Investment (PDF , 103kb), which acts as the ˿Ƶ's ethical investment policy.

Endowment investments

The ˿Ƶ classifies its endowments inline with the Statement of Recommended Practice - Accounting for further and higher education 2019. Permanent (restricted and unrestricted) endowments are invested with a long term focus and details of those permanent endowment investments are detailed in the annual publication of endowment investment funds. The ˿Ƶ is a responsible investor and the investment of endowments follows the ˿Ƶ Ethical Investing Policy.

The ˿Ƶ may also receive expendable endowments or donations which the ˿Ƶ will invest alongside its own cash investments.

Investments held 2022/23

The table below details the endowment investments that were held as at 31 July 2023

Asset code Asset name ˿Ƶ portfolio value (GBP)
BF5FX16 3I INFRASTRUCTURE ORD NPV 58,328.13
B92SR70 ABBVIE INC COM USD0.01 58,474.79
B7XHCW2 ABERDEEN STANDARD LIQUIDITY FD LUX STERLING L1 GBP DIS 570,317.42
B4BNMY3 ACCENTURE PLC CLS'A'USD0.0000225 136,794.10
BZ1HM42 ADYEN NV EUR0.01 56,431.72
BYVY8G0 ALPHABET INC CAPITAL STOCK USD0.001 CL A 128,624.17
2000019 AMAZON COM INC COM USD0.01 113,528.93
B7FBFL2 AMERICAN TOWER CORP COM USD0.01 65,687.52
BWWYMV8 APAX GLOBAL ALPHA LTD ORD NPV 59,799.99
B929F46 ASML HOLDING NV EUR0.09 187,174.65
989529 ASTRAZENECA ORD USD0.25 184,999.90
2065159 AUTODESK INC COM USD0.01 54,981.31
B6QWXM4 BBGI GLOBAL INFRASTRUCTURE S.A. ORD NPV (DI) 56,267.28
BB0RDB9 BLUEFIELD SOLAR INCOME FUND LTD ORD NPV 53,684.08
208075 CHARITIES PROPERTY FUND CHARITIES PROPERTY DIS 260,269.24
182704 CRH ORD EUR 0.32 (DI) 98,755.38
6175203 DBS GROUP HLDGS LTD NPV 64,273.74
2516152 ELI LILLY AND COMPANY COM NPV 69,773.13
7144569 ENEL SPA EUR1 47,535.95
2320524 ESTEE LAUDER COMPANIES INC COM USD0.01 CLASS A 46,961.31
BF2NR11 GREENCOAT RENEWABLES PLC EUR0.01 50,288.04
B8SC6K5 GREENCOAT UK WIND PLC ORD GBP0.01 57,908.47
BFX3K77 GRESHAM HOUSE ENERGY STORAGE FD PLC ORD GBP0.01 53,115.23
BJLP1Y7 HICL INFRASTRUCTURE PLC ORD GBP0.0001 49,089.73
B188SR5 INTERNATIONAL PUBLIC PARTNERSHIP ORD GBP0.0001 47,385.08
BBQ3850 KEYWORDS STUDIOS PLC ORD GBP0.01 27,608.58
5956078 KONINKLIJKE KPN NV EUR0.04 116,824.00
B121557 MASTERCARD INCORPORATED COM USD0.0001 CLASS A 91,498.07
B0517P1 MAYFAIR CAPITAL INVESTMENT MGM LTD THE PROP INC TRUST FOR CHARITIES GBP DIS 345,354.22
5529027 MERCEDES-BENZ GROUP AG ORD NPV(REGD) 118,754.54
2588173 MICROSOFT CORP COM USD0.00000625 207,501.67
BDR05C0 NATIONAL GRID ORD GBP0.12431289 57,086.73
7123870 NESTLE SA CHF0.10 (REGD) 90,490.14
2328915 NEXTERA ENERGY INC COM USD0.01 68,034.05
BYT16L4 ORSTED A/S DKK10 35,739.79
2704407 PROCTER & GAMBLE CO COM NPV 86,823.30
B44WZD7 PROLOGIS INC COM USD0.01 28,667.15
B2B0DG9 RELX PLC GBP0.1444 99,893.46
7110388 ROCHE HOLDINGS AG GENUSSCHEINE NPV 52,452.33
BMH3TR5 SCHIEHALLION FUND LTD(THE) C SHS NPV 10,813.28
4834108 SCHNEIDER ELECTRIC SE EUR4.00 123,857.47
822011 SMITH(DS) ORD GBP0.10 87,345.01
2113382 TAIWAN SEMICONDUCTOR MANUFACTURING SPON ADS EACH REP 5 ORD TWD10 147,312.76
2883890 TETRA TECH INC COM STK USD0.01 31,880.30
BBHX2H9 THE RENEWABLES INFRASTRUCTURE GRP ORD NPV 56,506.25
BG49KP9 TRITAX BIG BOX REIT PLC ORD GBP0.01 38,757.98
BMGR280 UNITED KINGDOM(GOVERNMENT OF) 0.25% BDS 31/07/2031 GBP1000 187,931.70
BMGR291 UNITED KINGDOM(GOVERNMENT OF) 0.625% BDS 31/07/2035 GBP1000 'REGS' 98,282.00
BFWFPL3 UNITED KINGDOM(GOVERNMENT OF) 1%  BDS22/04/2024 GBP1000REGS GILT 116,811.87
BHBFH45 UNITED KINGDOM(GOVERNMENT OF) 2.75% GILT SNR BDS 09/24 GBP1000 'REGS' 194,114.01
BPCJD99 UNITED KINGDOM(GOVERNMENT OF) 3.75% BDS 22/10/2053 GBP1000 'REGS' 57,638.37
BQC4R99 UNITED KINGDOM(GOVERNMENT OF) 3.75% BDS 29/01/2038 GBP1000 'REGS' 63,582.43
BYL6RB4 VOLARE OFFSHORE GLOBAL FIXED INT FUND Z INC 118,170.34
BYL6R92 VOLARE OFFSHORE STERLING FIXED INT FUND Z 408,468.23
BJDQQ87 WATCHES OF SWITZERLAND GROUP PLC ORD GBP0.0125 65,998.35
2950482 WEST PHARMACEUTICAL SERVICES INC COM USD0.25 90,894.32
5983816 ZURICH INSURANCE GROUP AG CHF0.10 113,519.74
9900004 POUNDS 378,358.78
  Total 6,447,420.51

Investments held 2021/22

The table below details the endowment investments that were held as at 31 July 2022

Asset codeAsset name˿Ƶ portfolio value (GBP)
B7FQJT3 RATHBONE ETHICAL BD INST (INC) 698,246.09
BYMB5P8 SARASIN INVT FDS RESP CORP BD 'I' GBP (INC) 666,004.12
BYMLFR0 CF TROJAN ETHICAL INC 'S' RET (INC) 690,434.82
BZ4C879 FEDERATED HERMES GBL E/M 'J'2 GBP (INC) 237,650.94
B64TS99 FIRST SENTIER INVR ST GBL EMRG MKTS SUST 'B' (ACC) 243,577.14
BJ9MMW5 BAILLIE GIFFORD W/W GBL STEWARDSHIP SEL FD 'B' ACC 670,740.08
BJK1179 T BAILEY EVENLODE INC 'D' DIS (INC) 722,862.04
BF2VKK5 CT RESP GBL EQ 'B' (ACC) 913,662.76
BF0V6Q5 FUNDSMITH LLP SUST EQ INST (INC) 989,563.48
208075 CHARITIES PROP FD (INC) 311,544.96
B0517P1 MAYFAIR PROP INC TR FOR CHARITIES GBP RET (INC) 445,099.93
RVSTG Revenue Account 7,491.19
TRSTG Trading Account 146,055.18
  Total 6,742,932.73

Investments held 2020/21

The below details the endowment investments that were held as at 31 July 2021.

Asset codeAsset name˿Ƶ portfolio value (GBP)
B7FQJT3 RATHBONE ETHICAL BD INST (INC) 829,693.61
BYMB5P8 SARASIN INVT FDS RESP CORP BD 'I' GBP (INC) 803,351.27
BYMLFR0 CF TROJAN ETHICAL INC 'S' RET (INC) 730,862.58
BZ4C879 FEDERATED HERMES GBL E/M 'J'2 GBP (INC) 281,616.53
B64TS99 FIRST SENTIER INVR ST GBL EMRG MKTS SUST 'B' (ACC) 268,787.61
BJ9MMW5 BAILLIE GIFFORD W/W GBL STEWARDSHIP SEL FD 'B' ACC 972,335.92
BJK1179 T BAILEY EVENLODE INC 'D' DIS (INC) 701,569.10
BF2VKK5 BMO RESP GBL EQ 'B' INST (ACC) 949,117.06
BF0V6Q5 FUNDSMITH LLP SUST EQ INST (INC) 262,963.59
B0517P1 MAYFAIR PROP INC TR FOR CHARITIES GBP RET (INC) 378,762.92
RVSTG Revenue Account 5,898.03
TRSTG Trading Account 153,037.03
  Total 7,336,460.09

Investments held 2019/20

The below details the endowment investments that were held as at 31 July 2020.

Asset codeAsset name˿Ƶ portfolio value (GBP)
0187787 CCLA CHARITIES FXD INT (INC) 850,029.41
B7FQJT3 RATHBONE ETHICAL BD INST (INC) 854,707.52
BYMLFR0 CF TROJAN ETHICAL INC 'S' RET (INC) 665,936.63
B64TS99 FIRST STATE STEWART GBL EMRG MKTS SUST 'B' (ACC) 230,162.57
BZ4C879 HERMES GBL E/M 'J' GBP (INC) 244,770.13
BJ9MMW5 BAILLIE GIFFORD W/W GBL STEWARDSHIP FD ACC 1,046,920.53
BJK1179 T BAILEY EVENLODE INC 'D' DIS (INC) 626,827.13
BF2VKK5 BMO RESP GBL EQ 'B' INST (ACC) 843,938.82
BF0V6Q5 FUNDSMITH LLP SUST EQ INST (INC) 804,380.31
0208075 CHARITIES PROPERTY FUND 255,796.01
B0517P1 PROPERTY INC TST FOR CHARITIES RET (INC) 380,815.48
RVSTG Revenue Account 1,133.92
TRSTG Trading Account 158,538.37
  Total 6,963,956.83

Investments held 2018/19

The below details the endowment investments that were held as at 31 July 2019.

Asset codeAsset name˿Ƶ portfolio value (GBP)
B7FQJT3 RATHBONE ETHICAL BD INST (INC) 834,150.42
BYMLFR0 CF TROJAN ETHICAL INC 'S' RET (INC) 553,554.85
208075 CHARITIES PROPERTY FUND 269,246.92
B0517P1 PROPERTY INC TST FOR CHARITIES RET (INC) 386,187.07
RVSTG Revenue Account 1,932.18
TRSTG Trading Account 4,705,386.04
  Total 6,750,457.48

Expenses

The ˿Ƶ reports on expenses for each of its members of ˿Ƶ Executive Board (UEB). Specific expenses relating to each member are included under their profile on the ˿Ƶ web pages. Click through to each individual board member for their individual expenses reports.

Annual reports and financial statements

The ˿Ƶ publishes its reports and financial statements annually. The accounts since 2017/18 are below. Earlier years are available from the ˿Ƶ Library.