2022-07-31-accounts - Jisc

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Contents
Report from the Chair.
Strategic Report.
Our vision and purpose .
Activities and achievements	2021-22.
Strategy .
Stakeholder engagement and Companies						Act section 172statement. ...
Charitable purpose and public benefit
Financial performance and strategy			..					....13
Principal risks and uncertainties		..						...20
Trustees' report.
Legal and administrative information.								...22
Membership .								...24
Group structure
Funding model .								...26
Governance and management	..
Streamlined energy and carbon		reporting			.			...37
Financial policies and risks. .
Internal organisation.								...41
Responsibilities of the board	in relation			to	the Trustees'		report .	...47
Independent auditor's report to	the	members				and trustees	ofJisc	.49
Consolidated Statement of Financial Activities. .
Consolidated 8 Charity Balance	Sheets as at					31 July 2022.		54
Consolidated Cash Flow Statement		for	the year ended 31				July 2022	55
Notes to the financial statements

Financial Reporting Sta	nda	rd	102(FRS 102)	and the Charities S	ORP.
							Total
				Unrestricted	Restricted	Total	funds
				funds	Funds	Funds	Restated
				2022	2022	2022	2021
				f'000	f'000	f'000	f'000
Donations and grants				51,718	20,252	71,970	71,028
Income from charitable	activities			17,726	479	18,205	17,159
Income from trading with		members		16,144	63	16,207	17,915
Income from other trading			activities	22,832		22,832	16,865
Investment income				296		296	217
Income				108,716	20,794	129,510	123,184
Expenditure from charitable			activities	42,999	1,767	44,766	47,040
Expenditure from trading		with members		61,459	11,950	73,409	72,351
Other trading activities				4,355		4,355	5,459
Grants				72	62	134	74
Other (gains)/losses				357		357	(69)
Expenditure				109,242	13,779	123,021	124,855
Net (expenditure)/income before movement in pension provision				(526)	7,015	6,489	(1,671)
Movement in pension	provision			(16,812)		(16,812)	21
Net (expenditure)/income				(17,338)	7,015	(10,323)	(1,650)
Transfers between funds				8,755	(8,755)
Other unrealised gains/(losses)				3,302		3,302	12,386
Exceptional items							20,929
Net movement in funds		for the year		(5,281)	(1,740)	(7,021)	31,665
						2022	2021
						f'000	f'000
Fixed assets						106,518	102,753
Current assets						86,719	84,863
Creditors falling due in	less		than one year			(46,749)	(52,177)
Provisions for liabilities						(3,902)	(2,390)
Net current assets						36,068	30,296
Provisions for liabilities	falling due in more than one year					(28,744)	(12,186)
Total net assets						113,842	120,863
Restricted reserves						10,819	12,559
Unrestricted reserves						103,023	108,304
						113,842	120,863
Cash 8 cash equivalents						50,712	33,968

A framework	is in place which maps risk areas	is in place which maps risk areas	is in place which maps risk areas	is in place which maps risk areas	against our strategy and identifies early warning	against our strategy and identifies early warning
indicators as	well as success indicators.		This was			reviewed in detail in the latter part of2021-22 as part
ofthe review	ofour	strategy. The key risks to the successful delivery ofour strategy are surnmarised					as:
Delivering	the	Failure to defend and		protect		Implementation ofagreed improvements: secure
right solutions		Jisc's internal infrastructure				development roadmap; end point protection;
						bring your own device; conditional access; mobile
						application management
		Jisc cyber security	is	unable		Redesign our processes and approach to
		to protect our members			and	enhance our cyber security offer; implement the
		the network from cyber-				agreed product roadmap for cyber security;
		attacks and threats				ensure staff expertise is secured and retained;
						increase pen tests; combine engineering teams
		Jisc does not have	the right			Review structure of procurement and contract
		skills in the organisation			to	management to enable new ways of working;
		manage partners				review skills and expertise required for greater
						partnership working with global providers
		Failure to realise benefits				Delivery of HESA integration action plan to
		from the HESA merger				agreed timeframe; clear identification oftarget
						state and benefits and efficiencies to be realised
		Failure to innovate	/meet			Adoption and embedding of new Product lifecycle
		customer needs				management process; increased member
						centricity; engagement ofmembers in pilot
						services; partnership working to deliver at pace
						and to scale; annual customer satisfaction survey
						and monthly customer voice reports
		Jisc's data protection		and		Implementation and delivery of data governance
		management is not				and data protection actions, including One Trust
		sufficiently mature				privacy management tool, record ofprocessing
						activities (ROPA) for personal data, procurement
						ofdata catalogue, information asset register
						review, data retention review
		Member funding constraints				Demonstrate value for money and impact,
						continue to deliver efficiencies; support our
						members with the issues they face; monitor
						health ofsectors
		Critical product failure				Identify and test all key critical products to ensure
						robustness of continuity; undertake any remedial
						work identified

	Disruptive technologies	Disruptive technologies	and	Undertake horizon scanning across all product
	increasing competition		push	areas and key technologies; increase oversight
	Jisc out ofthe market			activities in the Edtech and Co-Design teams.
	Jisc's funding reduced			3 year planning exercise; ensure all new products
				/ investments have robust business cases and
				financial risks are understood; monitor budgets
				and forecasts reporting on a timely basis
Empowering	Failure to meet carbon			Complete baseline calculations for Net Zero, then
communities	reduction targets			agree target emissions
	Jiscfails to support	and		Publish guidance, research thought leadership
	advise members on			articles and advice as well as engaging with HE /
	reducing their digital	carbon		FE Climate Commissioners; Good Practice Guide
	footprint			on IT Sustainability
Bea force for	Jisc unable to attract	or		Continue to deliver and embed Jisc's People
good	retain staff due to the			Strategy including talent management, pay and
	competitive external			reward framework, diversity and inclusion plan
	environment			and strategic workforce planning
	Impact ofthe energy	and		Review approach to energy management;
	cost of living crisis			support for our members to prepare for a range of
				scenarios; review potential impact on operations
				and contingency plans; support for Jisc staff

Heidi (from	Fraser-Krauss 16September 2021)	Chief executive officer	Chief executive officer
Nicola Arnold		Chief financial officer
Alice	Colban	Deputy chief executive and chief operating			officer (company secretary)
Jayne	Davies	Managing director,	customer and sector enablement
Liam	Earney	Executive director,	digital resources
Robin	Ghurbhurun	Managing director,	further education	and skills
Steve	Masters	Chief technology officer
Rob Philpotts (from 4October 2022)		Chief data officer
Andrew Wood		Chief ofstaff
Steve (until	Kennett 1 December 2021)	Executive director,	e-infrastructure
Karen (until	Foster 1 December 2021)	Executive director,	data analytics
Jayne (until	Rowley 1 December 2021)	Executive director,	student services
Jonathan Baldwin
(until	17September 2021)	Interim Managing	Director, higher education
Dr Paul Feldman (until 15September 2021)		Chief executive officer

Professor Paul Boyle CBE (Chair)	Professor Paul Boyle CBE (Chair)		Vice chancellor, Swansea University		Appointed GuildHE	by AoC, and UUK
Dr David Ashton			Pro Vice-Chancellor, Leeds Beckett University		Nominated by Jisc's core funders
Susan Bowen			President and chief executive, Aptum
			Technologies (UK) Limited
Joanna Campbell			Principal and chief executive, Dumfries	and
			Galloway College
Heidi Fraser-Krauss (from 16September	2021)		Chief executive, Jisc
Professor Anthony	Forster		Vice chancellor, University ofEssex
			Principal and chief executive, Hull College
Debra Gray			(previously Chief executive Grimsby Institute of		Nominated	by AoC
			Further and Higher Education until April	2022)
Professor Chris Husbands 7October 2022)		(from	Vice Chancellor, Sheffield Hallam University
Robert McWilliam			Trustee
Dr David Pilsbury			Chief development officer, Oxford international
			Education Group
Professor Lisa Roberts (from 1 April 2022)			Vice Chancellor and chief executive, University of Exeter		Nominated	by UUK
Professor Mark ESmith CBE			President and Vice chancellor, University Southampton	of
Ashley Wheaton (deputy chair since 15April 2022)			Principal, University College of Estate Management		No min at ed GuildHE	by
Dr Paul Feldman (until 15September	2021)		Chief executive, Jisc
Professor Elizabeth Barnes (until 31 December 2021)		CBE	Vice chancellor and chief executive, Staffordshire University		Nominated	by UUK
Professor Anne Trefethen (until 14April 2022)			Pro vice chancellor for people &gardens, libraries and museums, University of Oxford

Greenhouse gas emissions	and energy use data for period	1 Au	g	ust 2021 to 31	July 2022
	Current reporting 2021-2022	year			Comparison reporting year 2020-21
	UK and offshore
	Electricity consumption from		719,252.10		754,646
Energy consumption used to	acilities (kWhs)
calculate emissions	Electricity consumption from data centres kWhs partial			412,549	N/A
	Emissions from combustion offuel	for transport purposes			have been
Emissions from combustion offuel for transport purposes (Scope 1)	included in Scope 3 calculations following guidance: "Where a vehicleis used by an organisation, buiit isn't owned by the organisation, then the emissions from the vehicle can be reporledin Scope 3instead ofScope 1, using the same factors. These factors can a/so be found in the Scope 3under 'Business travel-land'or 'mana ed assets- vehicles'. "
	Broadhurst House (tCO2e)			16.69	19.52
	Fetter Lane (tCO2e)			11.82	11.72
	Lumen House (tCO2e)			80.40	90.70
Emissions from purchased	Portwall Lane (tCO2e)			27.06	33.15
electricity (Scope 2, location based)	Castle Park (tCO2e)			3.12	5.14
	irtus data centre (tCO2e)			31.34	N/A
	QL data centre (tCO2e)			48.44	N/A
	otal (tCO2e)			218.51	160.23
Emissions from business ravel in rental cars or	Emissions from hire cars (tCO2e)			N/A	7.40
employee-owned vehicles where company is	Emissions from personal vehicle use (tCO2e)			54.36	16.54
responsible for purchasing he fuel (Scope 3)	otal (tCO2e)			54.36	23.94

Conversion	factors	hroughout, we have used the Government's conversion factors:
		htt s://www ov.uk/ overnment/collections/ overnment-conversion-factors-for-
		om an -re ortin
Comparison reporting ear 2019-2020		020-2021 has been used as comparison year as required, with the caveat that e will likely be identifying an alternative baseline year in future. This is due to
		he exceptional and therefore unusual conditions in 2019-2020 and 2020-2021
		aused by the COVID-19 outbreak.
Properties	general	herever possible, data from actual meter readings was used to calculate
		kWhs.
Broadhurst	House	Meter readings were not available for July 2022, therefore an average was
		aken from the meter readings 11 months prior to this.
Castle Park		he Castle Park office closed to staff on 29th November 2019,replaced with	the
		Portwall Lane office. Jisc held the lease until April 2022 and were therefore still
		responsible for the energy consumption ofthis property to that date. Meter
		eadings were not available for 2020-21 or 2021-22. An average has been taken fthe readings provided between December 2019to March 2020 (post office
		losure months) and this figure has been used.
Hire car use		Hire car use data was not available for 2021-22
Personal vehicle use or business travel		distance-based method was used. Details for personal vehicle use by own mployees were taken from our expenses system, therefore please note that
		nly those journeys that were claimed on the expense system were included	in
		his calculation. Data relating to car size or market segment was not available,
		herefore the conversion factors for Business travel —land for an Average car
		ith unknown fuel type were used.
Air travel		Reports were generated from Click Travel, our travel booking plafform. The date
		ftravel, rather than date of booking, was used to filter journeys for the reporting
		ear. A distance-based method was used. Different conversion factors were
		used depending on ifthe journey was classified as domestic, short haul to or
		rom the UK, long haul to or from the UK, and international flights not from the
		UK. Conversion factors for Average passenger were used for all ofthese. The
		et of conversion factors that included indirect effects offlights (e.g. water
		apour, contrails, NOx) were used to capture the full effect oftravel, as per UK
		overnment guidance.
Rail travel		Reports were generated from Click Travel. A distance-based method was used.
		onversion factors for national rail were used for all journeys.

Hotel stays		Reports on hotel stays were generated from Click Travel. The number of nights
		tayed in the hotel was multiplied by the conversion factor. Different conversion
		actors were used for each country, including a separate one for hotels in
		London. Not all countries stayed in had available conversion factors. 'Therefore
		he nearest country geographically with available factors was used instead for
		he following: Ireland (UK used), Austria (Switzerland used), Sweden (Germany
		sed), Greece and Slovenia (Italy used)
Employee	commuting	distance based method was firstly used. Details ofthe number of miles
		ravelled by staff by each type oftransport, per month, was obtained through a
		taff commuting survey. The conversion factors for Business travel —land for ach Average type oftransport were used. Five different types ofcar were
		included (diesel, petrol, electric, hybrid and plug in hybrid). Emissions were
		multiplied by 12to establish an average for the year. Emissions of all staff were
		stimated by dividing tCO2e by the number ofsurvey responses, and then
		multiplied by the total number ofstaff as of 31 July 2022.

vided a res	ponse, the nu	mber	of staff reco	rding theinsel	ves as Whit	e is 86%acro	ss Jisc.
	v	~
				I
	~	~
0.3%	1.42%		57.3%	2.75%	3.26%	1.02%	34%

				~	I ~	I	'	~	'	'	I	~
2.6%	1.5%	51.04%	0.71%		37.5%						5.3%		0.2%

							Restated	Restated	Restated
			Note	Unrestricted	Restricted	Total Unrestricted		Restricted	Total
				funds	funds	funds	funds	funds	funds
				2022	2022	2022	2021	2021	2021
				K'000	E'000	K'000	E'000	f'000	E.'000
INCOME
Donations and grants			4	51,718	20,252	71,970	48,090	22,938	71,028
Income from charitable activities			5	17,726	479	18,205	16,880	279	17,159
Income from trading with members			5	16,144	63	16,207	17,820	95	17,915
Income from other trading activities			5	22,832		22,832	16,865		16,865
Investment income			6	296		296	217		217
TOTAL INCOME				108,716	20,794	129,510	99,872	23,312	123,184
EXPENDITURE
Expenditure from charitable
activities before USS				42,999	1,767	44,766	39,671	7,369	47,040
pension change
USS pension provision change			29	16,812		16,812	(21)		(21)
Total charitable activities				59,811	1,767	61,578	39,650	7,369	47,019
Expenditure from trading members	with			61,459	11,950	73,409	62,265	10,086	72,351
Other trading activities				4,355		4,355	5,459		5,459
Grants paid			10	72	62	134	72	2	74
Other (gains) /losses				357		357	(69)		(69)
TOTAL EXPENDITURE				126,054	13,779	139,833	107,377	17,457	124,834
Net (expenditure) / income			11	(17,338)	7,015	(10,323)	(7,505)	5,855	(1,650)
Transfers between funds			21	8,755	(8,755)	-	5,562	(5,562)
Other unrealised gains / (losses)			16	3,302		3,302	12,386		12,386
Exceptional item			32				20,929		20,929
Net movement in funds year	for	the		(5,281)	(1,740)	(7,021)	31,372	293	31,665
Reconciliation offunds
Total funds brought forward				108,304	12,559	120,863	76,932	12,266	89,198
Total funds carried forward				103,023	10,819	113,842	108,304	12,559	120,863
The accompanying notes	are an		integral	part ofthese financial statements.
All results in the year to 31 July 2022 and in the prior year derive from continuing							operations.
The consolidated statement		offinancial		activities includes	all gains and losses for		the year and includes the income
and expenditure ofthe group.

Consolidated		&Charity Balance	&Charity Balance	Sheets	as at 31	July 2022
Restated					Group 2022	Restated Group 2021	Charity 2022	Restated Charity 2021
				Note	f'000	f'000	f'000	f'000
Fixed assets
Intangible assets				14	12,393	14,823	1,465	1,583
Tangible assets				15	21,921	19,190	8,659	9,194
Investments				16	72,204	68,740	104,093	100,629
Total fixed assets					106,518	102,753	114,217	111,406
Current assets
Debtors				17	36,007	50,895	21,959	32,510
Cash and cash equivalents				25	50,712	33,968	36,639	27,399
Total current assets					86,719	84,863	58,598	59,909
Liabilities
Creditors: amounts	falling due within one year			18	46,749	52,177	14,420	16,783
Provisions for liabilities				20	3,902	2,390	3,819	2,380
Tots I liabi Iities					50,651	54,567	18,239	19,163
Net current assets					36,068	30,296	40,359	40,746
Total assets less current liabilities					142,586	133,049	154,576	152,152
Provisions for liabilities: amounts after one year			falling due	20	28,744	12,186	28,584	12,121
Net assets					113,842	120,863	125,992	140,031
The funds ofthe Group ICharity:
Restricted income funds				21	10,819	12,559	64,452	45,976
Linrestricted income	funds			22	103,023	108,304	61,540	94,055
Total Group ICharity		funds			113,842	120,863	125,992	140,031

Consolidated	Cash	Flow Statement for	Flow Statement for	Flow Statement for	the	year	ended 31July 2022	ended 31July 2022
								2022	2021
							Note	8'000	F000
Cash flows from	operating	activities:
Net cash provided	by operating activities						25	24,046	2,455
Cash flows from	investing	activities:
Interest received								296	217
Proceeds from the	sale ofproperty, plant		and equipment				15	23	1,129
Purchase of property, plant		and equipment					15	(6,995)	(5,956)
Purchase of intangible assets							14	(429)
Purchase of investments							15	(197)	(83)
Net cash used in	investing	activities						(7,302)	(4,693)
Net cash provided	by financing activities
Net cash acquired
Change in cash and cash		equivalents	in the	reporting	year			16,744	(2,238)
Cash and cash equivalents		at the beginning		ofthe reporting		year		33,968	36,208
Cash and cash equivalents		at the end	ofthe reporting		year			50,712	33,968

estimated occuI'.	useful life. Items with a total	useful life. Items with a total	cost of les	s than L1,000 are expensed in the period in which they
Following July 2022	a review by management of the expected life of network		the lives of equipment	the network equipment in use during the year ended 31" has been extended from 3years to 5years from 1"Aug
2021.
~	Land		Non-depreciating
~	Freehold	property	50 years
~	Freehold	improvements	10years
~	Leasehold improvements		over the	life ofthe lease
~	Fixtures	and fittings	10years
~	Network	equipment	5years
~	IT equipment		3years

								Income
					Income from	Income	from	from other
					charitable	trading	with	trading
					activities	Jisc members		activities	Total
					f.'000		6'000	F'000	6'000
Connectivity							8,723	7,120	15,843
Jisc membership			subscription		12,818				12,818
Trust & Identity					877		1,742	6,138	8,757
Cloud							1,363	1,521	2,884
Libraries,	learning		resources	&research	1,222		2,520		3,742
Prospects.	ac.uk				882			1,629	2,511
Data Analytics					27		2,409		2,436
Cyber					536		529	437	1,502
Other (including		rent)			797		629	20	1,446
					17,159	17,915		16,865	51,939

					Expenditure
				Charitable	from trading	Expenditure
				activity	with Jisc	from other
				expenditure	member	trading	Total
				6'000	L"000	L'000	6'000
Cloud					4,013		4,013
Connectivity				1,027	44,035	285	45,347
Cyber				1,001	8,679		9,680
Data Analytics				2,234	4,079		6,313
Events				963	224		1,187
Libraries, learning		resources	8 research	7,147	2,568		9,715
Advice 8 Guidance				7,198	954		8,152
Student Experience				4,918	820	1,398	7,136
Trust & Identity					2,913	2,113	5,026
Governance	costs	(note 8)		2,464			2,464
Support costs (note 9)				24,858	516		25,374
Other				9,768	4,608	559	14,935
				61,578	73,409	4,355	139,342

				Restated
				Expenditure
			Charitable activity	from trading with Jisc	Expenditure from other	2021
			expenditure f.'000	member f'000	trading f'000	Total f'000
Cloud				3,341		3,341
Connectivity			685	41,715		42,400
Cyber			582	8,173		8,755
Data Analytics			1,799	3,526		5,325
Events			528	64		592
Libraries, learnings	resource	& research	6,020	2,717		8,737
Advice & Guidance			3,714	347		4,061
Student Experience			4,524	516	1,694	6,734
Trust & Identity			3,315	1,608	13	4,936
Governance costs (note 8)			2,894			2,894
Support costs (note	9)		22,789	422		23,211
Other			169	9,922	3,752	13,843
			47,019	72,351	5,459	124,829

				Restated
			2022	2021
			f'000	f'000
External	audit		189	130
Senior management		salaries	1,655	2,238
Trustee	expenses		18
Support	costs		602	526
			2,464	2,894

			Expenditure
		Expenditure	from trading
		charitable	with Jisc
		activities	members	2022
		f'000	f'000	f'000
Finance	& Procurement	2,996		2,996
Group costs		3,988		3,988
Strategy	and Corporate Services	10,116	160	10,276
Internal	ITcosts	7,758	356	8,114
		24,858	516	25,374

			Expenditure
		Expenditure charitable	from trading	R	t d
		activities	members		2021
		f'000	f.'000		f'000
Finance	8 Procurement	2,807			2,807
Group costs		2,155	7		2,162
Strategy	and Corporate Services	9,687	130		9,817
Internal	ITcosts	8,140	285		8,425
		22,789	422		23,211

					Oigital	e-
			Group		resources	infrastructure	2022	2021
			project f'000		project f'000	Recurrent f'000	Total f'000	Total f'000
The Open	University				62		62
Shibboleth	Consortium					62	62	62
Other grants		(&f30k)		10			10	12
				10	62	62	134	74

				2022 f'000	2021 f'000
Amortisation of intangible assets				2,859	1,586
Depreciation oftangible assets				4,241	9,370
(Profit)/loss	on sale oftangible fixed	assets		15	(97)
Exchange	differences			265	1,019
Operating	lease rentals: property			1,931	1,501
During the	year the Group obtained	the following	services from the Group's	auditors and its
associates:

associates:
		2022	2021
		f'000	f'000
Audit of all entities and consolidated	financial statements
Current auditors		141	130
Total		141	130

Key management personnel	Key management personnel
The key management personnel of		the Group comprise			the	trustees, the	chief executive officer, and
11 (2021:13)members of executive		leadership		team (ELT).The total remuneration and employee
benefits ofthe key	management personnel		ofthe Group		were f1,648,495 (2021:f2,109,537).
Remuneration and	pension contributions		paid to members			ofthe ELT during the year by role
performed are shown below:
							Employer	2022
					Remuneration		Pension	Total
Role						f	6
Chief executive (from 16.09.2021)						157,615	33,827	191,442
Chief executive (until 31.10.2021)						91,598		91,598
Chief technology officer						204,253		204,253
Managing director,	customer and sector enablement					151,110	29,998	181,108
Chief financial officer						151,110	29,998	181,108
Deputy chief executive and chief operating			officer			130,342	36,608	166,950
Managing director,	higher education	and research				135,430	25,942	161,372
Managing director,	further education,	skills				124,300	24,265	148,565
Chief of staff						114,975	22,825	137,800
Executive director,	e- infrastructure	(until 1.12.2021)				46,017	7,909	53,926
Executive director,	data analytics (until 1.12.2021)					50,033	8,599	58,632
Executive Director,	student services	(until	1.12.2021)			39,900	6,566	46,466
Managing director,	higher education	(until	17.09.2021)			25,275		25,275
						1,421,958	226,537	1,648,495
							Employer	2021
					Remuneration		Pension	Total
Role							6	6
Chief executive officer						219,400		219,400
Managing director,	higher education	(until	17.09.2021)			212,650		212,650
Chief technology officer						190,135		190,135
Managing director,	customer &sector enablement					154,000	29,118	183,118
Chief financial officer						139,000	29,118	168,118
Deputy chief executive and chief operating			officer			120,033	36,067	156,100
Executive director	data analytics					120,600	25,236	145,836
Managing director,	further education	and skills				111,000	23,210	134,210
Executive director,	marcomrns (until	6,11,2020)				117,985	14,461	132,446
Chief of staff						106,000	22,155	128,155
Executive director,	digital resources					105,954	22,145	128,099
Executive director,	e-infrastructure					104,692	21,879	126,571
Executive director,	student services					91,000	18,990	109,990
Executive director,	trust & identity (until 31.12.20)					61,692	13,017	74,709
						1,854,141	255,396	2,109,537

Staff and wages
		Group		Charity
		2022	2021	2022	2021
		f'000	f'000	f'000	f'000
Wages and salaries		42,891	38,881	30,745	28,711
Social security costs		4,255	3,840	3,008	2,820
Other pension costs		24,302	6,278	21,920	4,329
Redundancy and termination	payments	152	363	152	363
		71,600	49,362	55,825	36,223

By activity, the average monthly n year is:	umber of persons employed by	the group a	nd charity durin	g the
	Group		Charity
	2022	2021	2022	2021
Management	46	55	38	47
Technical	761	634	514	399
Administrative	121	173	121	168
	928	862	673	614

Staff numbers have been reported	Staff numbers have been reported	on the basis offull-time	equivalent	hours.
The number ofstaff and gross	salary and emoluments	of	staff whose	remuneration	was over
f60,000 were in the following	ranges;
					2022	2021
f60,001 - f70,000					63	73
f70,001 - f80,000					27	20
f80,001 - f90,000					8	14
f90,001 - f100,000					7	2
f100,001 - f110,000					2	5
f110,001 - f120,000					5	7
f120,001 - f130,000					2	1
f130,001 - f140,000					3	2
f140,001 - f150,000						1
f150,001 - f160,000						1
f160,001 - f170,000						0
f170,001 - f180,000						0
f180,001 - f190,000						1
f190,001 - f200,000						0
f200,001 - f210,000						1
f210,001 - f220,000						1
					123	129

,, f170,001 - f180,000 f180,001 - f190,000 f190,001 - f200,000 f200,001 - f210,000 f210,001 - f220,000	,, f170,001 - f180,000 f180,001 - f190,000 f190,001 - f200,000 f200,001 - f210,000 f210,001 - f220,000		123	0 1 0 1 1 129
The number of staff whose remuneration		was over f60,000 to whom retirement	benefits are
accruing	under:
			2022	2021
Money purchase schemes			3	2
Defined	benefit schemes		108	120
				122

ntangible assets
Group	Customer contracts	Rights to electronic content	Software licences	Total
	f000	f'000	K'000	F'000
Cost
As at 1 August 2021 Restated	6,500	13,665	8,131	28,296
Additions			429	429
Disposals
As at 31July2022	6,500	13,665	8,560	28,725
Accumulated amortisation
As at 1 August 2021 Restated	650	10,873	1,950	13,473
Disposals
Charge for the year	650	768	1,441	2,859
As at 31 July 2022	1,300	11,641	3,391	16,332
As at 31 July 2021 Restated	5,850	2,792	6,181	14,823
As at 31July2022	5,200	2,024	5,169	12,393

Charity		Customer contracts	Rights to electronic content	Software licences	Total
		6000	f'000	E'000	6'000
Cost
As at 1 August	2021 Restated		1,700	80	1,780
Additions				117	117
Disposals
As at 31 July	2022		1,700	197	1,897
Accumulated	amortisation
As at 1 August	2021 Restated		170	27	197
Disposals
Charge for the year			169	66	235
As at 31 July	2022		339	93	432
As at 31 July 2021 Restated			1,530	53	1,583
As at 31 July	2022		1,361	104	1,465

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An unrealised gain off3,302k (2021:gain f12,240k) has been reporte of investment funds held during the year.	d due to the change in value
Group	Total f'000
Investment funds
As at 1 August 2021	67,898
Additions
Disposals at opening market value
Unrealised gain on investments	3,302
Investment funds as at 31July 2022	71,200
Other Equity Investments
As at 1 August 2021	642
Additions	197
Reclassified as Other Equity Investment
Disposals	(35)
Provision for impairment
Other Equity Investments as at 31 July 2022	804
Investments in affiliates
As at 1 August 2021	200
Additions
Provision for impairment
Investments in affiliates as at 31July 2022	200
Total investments as at 31 July 2021	68,740
Total investments as at 31July 2022	72,204

Charity		Total 6'000
Investment funds
As at 1 August 2021		67,898
Additions
Disposals at opening market	value
Unrealised gain/(loss) on investments		3,302
Investment funds as at 31	July 2022	71,200
Other Equity Investments
As at 1 August 2021		642
Additions		197
Reclassified as Other Equity	Investment
Disposals		(35)
Provision for impairment
Other Equity Investments	as at 31July 2022	804
Investments in subsidiaries	and affiliates
As at 1 August 2021		32,089
Additions
Provision for impairment
Investments in subsidiaries	and affiliates as at 31July 2022	32,089
Total investments as at 31 July 2021		100,629
Total investments as at 31	July 2022	104,093

their market value at the	balance sh	eet date:
					Total
Fund		No of units		Price4f	2022 f'000
L8G Future World Climate		70,300,128		0.714	50,215
Ruffer Global Funds			5,760,056	1.719	9,903
Savills Investment Management			5,739,140	1.495	8,579
Managed by Rathbone	Investment	Management	Limited:
Government Bonds and	Invested Cash				54
Equity Risk Investments					1,833
Diversified Fund Investments					616
Other Equity Investments
Emerge Venture Partners	I LP Investment				598
Angel Investments					207
Investments in affiliates	by company
Unitu Limited					200
					72,205
Holdings as at 31 July 2021 were as		follows:
					Total
Fund		No of units		Pricef	2021 f'000
L&G Future World Climate		70,300,128		0.691	48,557
Ruffer Global Funds			5,760,056	1.636	9,425
Savills Investment Management			5,739,140	1.262	7,241
Managed by Rathbone	Investment	Management	Limited:
Government Bonds and Invested Cash					622
Equity Risk Investments					1,460
Diversified Fund Investments					593
Other Equity Investments
Emerge Venture Partners	I LP Investment				401
Angel Investments					241
Investments in affiliates	by company
Unitu Limited					200
					68,740

were all dorman	t and in the pro	t and in the pro	cess of be	ing dissolved.	ing dissolved.	ing dissolved.
The registered	office addresses		of all the	charity's investments are:
Name				Registered		office address
Jisc Services Limited				4 Portwall		Lane, Bristol, BS16NB
Jisc Commercial	Limited			4 Portwall		Lane, Bristol, BS1 6NB
Higher Education Careers Services Unit				4 Portwall		Lane, Bristol, BS16NB
Eduserv				4 Portwall		Lane, Bristol, BS16NB
Jisc Liberate Managed		Services	Limited	4 Portwall		Lane, Bristol, BS16NB
Jisc International	Apac	Pte. Ltd		16 Raffles Singapore		Quay, Hong Leong Building, (048581)
Placer Limited				Studio 10 9BY	Tiger House, Burton Street, London,		WC1H
Unitu Limited				2 Viscount Kingdom,	House, 8 Lakeside Drive, London, NW10 7GS		United

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			Group		Charity
				Restated		Restated
			2022	2021	2022	2021
			6'000	f.'000	6'000	f'000
Trade debtors*			8,579	12,313	1,960	2,798
Amounts	owed	by group undertakings			3,305	606
Other taxation		&social security debtor	15,245	25,082	15,245	25,082
Other debtors				585		155
Prepayments*			10,125	10,229	1,114	1,353
Accrued	income		2,058	2,686	335	2,516
			36,007	50,895	21,959	32,510

Amo	unts owed	by grou	p un	dertakings:
					Charity
					2022	2021
					6'000	6'000
Jisc	Commercial	Limited			3,274	606
Jisc	International	APAC	PTE.	Ltd	31
					3,305	606

			Group		Charity
			2022	2021	2022	2021
			f'000	F'000	f'000	f'000
Due within one year			2,034	1,780	1,951	1,770
Due after more than one		year	28,744	12,'I86	28,584	12,121
			30,778	13,966	30,535	13,891
Other provisions
			Group		Charity
			2022	2021	2022	2021
			f'000	F'000	f'000	F'000
Balance brought	forward	1 August 2021	610	1,385	610	353
Net Movement			1,258	(775)	1,258	257
Balance carried	forward	31July 2022	1,868	610	1,868	610
Provision has been made		forf1,313kof property	lease dilapidations	(2021:f610k).The remainder
ofthe provisions	amount	relates to other provisions.

Group
				2022	2021
				f'000	f'000
Balance brought forward	1 August 2021			12,559	12,266
Incoming resources				20,794	23,312
Resources expended				(13,779)	(17,457)
Fixed assets purchased	and transferred	to unrestricted	funds	(8,755)	(5,562)
Balance to carry forward 31July 2022				10,819	12,559
Charity
				2022	2021
				f.'000	f'000
Balance brought forward	1 August 2021			45,976	30,156
Incoming resources				20,701	23,192
Resources expended				(2,106)	(7,372)
Fixed assets purchased	and transferred	to unrestricted	funds	(119)
Balance to carry forward 31July 2022				64,452	45,976

Group
								Designated	funds
							General	Grant
							unrestricted	funded	Restructuring
						Total	fund	assets	fund
						f'000	f'000	f'000	f.'000
Balance b/fwd		1	August 2021			108,304	89,345	18,387	572
Net (outgoing)		/ incoming		resources		(17,338)	(17,338)
Unrealised	gains					3,302	3,302
Transfers to general unrestricted from designated funds					fund		2,200	(2,200)
Transferred	from		restricted			8,755	8,755
Balance c/fwd		31July 2022				103,023	86,264	16,187	572

Charity
										Designated funds
									Restated
									General		Grant
								Restated	unrestricted		funded Restructuring
								Total		fund	assets	fund
								f'000		f'000	f'000	f'000
Balance b/fwd		1 August			2021			94,055	86,005		7,478	572
Net (outgoing)		/	incoming			resources		(32,634)	(32,634)
Transfers to general from designated fund				unrestricted fund						(105)	105
Transferred	from restricted							119		119
Balance c/fwd		31July			2022			61,540	53,385		7,583	572
Analysis ofnet assets						between	funds
Group					Unrestricted Funds			Restricted Funds	2022	Restated Unrestricted Funds	Restated Restricted Funds	Restated Total 2021
						f.'000		f'000	f'000	f'000	f'000	f'000
Fixed assets						106,518			106,518	102,753		102,753
Current assets						75,900		10,819	86,719	72,304	12,559	84,863
Current liabilities						(50,651)		-	(50,651)	(54,567)	-	(54,567)
Non-current	liabilities					(28,744)			(28,744)	(12,186)		(12,186)
Total						103,023		10,819	113,842	108,304	12,559	120,863
Charity					Unrestricted Funds			Restricted Funds	Total 2022	Restated Unrestricted Funds	Restricted Funds	Restated Total 2021
						f.'000		f'000	f'000	f'000	f.'000	f'000
Fixed assets						114,217			114,217	111,406		111,406
Current assets						(5,854)		64,452	58,598	13,933	45,976	59,909
Current liabilities						(18,239)			(18,239)	(19,163) -		(19,163)
Non-current	liabilities					(28,584)			(28,584)	(12,121) -		(12,121)
Total						61,540		64,452	125,992	94,055	45,976	140,031

The Group had the following future minimum leas leases for each ofthe following periods:	e payments un	der non-c	ancellable opera	ting
	Group		Charity
	2022	2021	2022	2021
	f'000	f'000	f'000	f.'000
Land and buildings
Not later than one year	1,229	1,442	1,229	1,442
Later than one year and not later than five years	3,819	4,718	3,819	4,718
Later than five years	1,028	2,256	1,028	2,256
	6,076	8,416	6,076	8,416

Reconciliation ofnet	expenditure	expenditure	expenditure	to net cash inflow from	operating	activities
						2022	2021
						E"000	E'000
Net expenditure for the reporting period (as per Statement of Financial Activities)						(10,323)	(1,650)
Adjustments for:
Interest						(296)	(217)
Loss on disposal offixed	assets					15	(97)
Write off investments						35	41
Depreciation on tangible	fixed assets					4,226	9,370
Amoitisation of intangible	assets					2,859	1,586
Decrease/(Increase) in debtors						14,888	(6,038)
Increase/(Decrease) in creditors and				provisions		12,642	(540)
Gift of new entity (at fair value of net			assets)
Net cash provided by operating		activities				24,046	2,455
Analysis of net funds
				Group		Charity
				2022 6'000	2021 f'000	2022 6'000	2021 E'000
Cash at bank and in hand				20,435	8,370	6,362	1,801
Cash equivalents				30,277	25,598	30,277	25,598
Total cash and cash equivalents				50,712	33,968	36,639	27,399

Results ofthe	charity
					Restated
		Unrestricted	Restricted	Total	Tota I
		fund	fund	2022	2021
		6'000	f'000	k'000	f'000
Total incoming	resources	69,470	20,701	90,171	88,273
Net (deficit)/surplus		(32,634)	18,595	(14,039)	47,578

the trustees ofJi subsidiaries.	sc, m	embers of Executive	Leadership Te	am and the boa	rd of directors	of its
Year ended 31July	2022		1&E		Balance	sheet
			Income	Expenditure	Debtors	Creditors
			F'000	f.'000	f.'000	F'000
Advance HE			34		12
Association of Colleges			11	22
Birkbeck College			305	1	28
Dumfries 8 Galloway	College		18		11
GEANT			452	987	9		62
Grimsby institute of Further		and Higher	128	12	24
Education, part ofthe	TEC	Partnership
Guild HE			1		2
HEANet			161		29
HESA Ltd			47	583
Higher Education Funding		Council for Wales	2,145
(HEFCW)
Hull College			86
National Science Museum			1
Office for National Statistics (ONS)			4
Oxford Brookes			617	224
Pearson College Governing		Body	2
Royal Holloway, University		of London	911	13	36
Staffordshire University			589	85	107
StudyPortals			2
Sunderland University			626	42	48
Swansea University			1,654	157	18
The Russell Group of	Universities		7
Tribal Group
Universities UK			16	13
University College of	Estate Management		18
University of Essex			1,830	77	114
University of Exeter			1,988	58	121
University of Oxford			3,980	419	372
University ofSouthampton			2,898	121	160
West London College			17
York College			55
			18,603	2,814	1,106		78

Year ended 31July 2021	Year ended 31July 2021				l&E	l&E	Balance	sheet
					Income	Expenditure	Debtors	Creditors
					f'000	f.'000	f'000	f'000
Abertay University					27	7	4
Advance HE					3
Amazon Web Services						21
Aptum Technologies					142		8	10
Association of Colleges					569		252
Association ofGraduate	Careers		Advisory Services		9		21
(AGCAS)
Birkbeck College					2
EPSRC					286	1,356		17
Forth Valley College					20			11
GEANT					152
Grirnsby Institute of Further		and	Higher Education		3
HEANet					153		38
Higher Education Funding		Council for Wales			104	831		120
HESA Services Limited					2,098		50
Higher Education Policy Institute					1
Lancaster University					17
Leeds Beckett University							6
National Science Museum					4		9
Office for Students					344		62
Oxford Brookes University					2		2
Painless Security LLC					26	83
Pearson College Governing		Body			512	2	108
Richmond Upon Thames	College						1
Royal Holloway, University		of London			228	10	107
Scottish Qualifications Authority			(SQA)			53
Shibboleth Consortium					919	75	58
Staffordshire University					7
The Russell Group of Universities					3		4
The Universities and Colleges Employers				Association	2		13
Tribal Group					5
University College of Estate Management					3	20	2
University of Dundee					21		4
University ofGreenwich					906	43	603	14
University of London					1,580	7	270	2
University of Oxford					2,248	32	91	31
University of South Wales					1,599	6	33
University of Southampton					62		61
Universities UK					12,057	2,560	1,808	250
					39,704	3,161	1,705	3,507

pa for ma he current life expectancies on retirement at	les and 1.6% pa fo age 65are:	r females.
	2022	2021
Males currently aged 65(years)	23.9	24.4
Females currently aged 65 (years)	25.5	25.9
Males currently aged 45 (years)	25.9	26.3
Females currently aged 45 (years)	27.3	27.7

been produced	using the foll	owing assum	ptions:
				2022	2021
Discount rate				3.31%	0.87%
Pensionable	salary growth			n/a	n/a
The employers'	contribution	rates are as	follows:
Effective date			Rate
1 October 2019to 30 September 2021			21.10%
1 October 2021 to 31 March		2022	21.40%
1 April 2022 to	31 March 2024		21.60%
1 April 2024 to	30 April 2038		21.40%

At 31 July,	the group had the following	capital comm	itments:
				2022	2021
				f'000	2'000
Contracts statements	for future capital expenditure —equipment	not provided	in the financial	4,259	745