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Principals’ Salaries Revealed in LSC College Accounts 2005

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With another pay strike looming ominously on the horizon, FE News has learnt of a document that looks set to add to the growing debate over college lecturers’ pay.

The Learning and Skills Council (LSC), responsible for distributing the government’s multi billion pound budget for further education, has published a report detailing college income and expenditure. The document, entitled “LSC Annual Report and Accounts 2004-2005“, includes such information as net income, total expenditure, total value of assets and principal’s salaries.

Revealing Figures

The figures reveal that some college principals across the UK are earning up to £174,000 per annum. That sum, as paid to the principal of Kingston College, London, comes from a net income of £24 million. Another example is that of Moulton College in Northamptonshire, which earned a total of £17,390,000 throughout the period 2004-2005, according to the document.

Although this total assumes the highest earning “Land Based” college, it is not indicative of the income other colleges earned over the same period. The City of Bristol College, situated in the West of England, raked in £56,065,000 during 2004-2005, falling into the category of “General FE Colleges”. Over the same period, its principal amassed a salary of £124,000 for the year.

Top of the League

The highest paid college principals and their respective turnover for the period 2004-2005 are listed below. Also listed are the 2003-2004 pay scale for principals, for comparative purposes. All information was taken from the LSC College Accounts documents for 2003 / 2004 and 2004 / 2005. 

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To interpret the figures, please note that PS is short for Principal’s Salary, and TI stands for Total Income (for the college). The TI figure applies to 2004 – 2005 only.

  • Kingston College, London South. PS: £152,730 (“03-“04) £174,000 (“04-“05). TI: £24,714,000.
  • Tower Hamlets College, London East. PS: £98,096 (“03-“04) £164,000 (“04-“05). TI: £26,479,000.
  • Barnfield College, Bedfordshire and Luton. PS: £137,224 (“03-“04) £156,000 (“04-“05). TI: £27,248,000.
  • Lewisham College, London East. PS: £140,947 (“03-“04) £154,000 (“04-“05). TI: £35,362,000.
  • The Peoples College (Nottingham), Nottinghamshire. PS: £78,000 (“03-“04) £144,000 (“04-“05). TI: £18,878,000.
  • Newcastle College, Tyne and Wear. PS: £120,195 (“03-“04) £141,000 (“04-“05). TI: £55,173,000.
  • Derby College, Derbyshire. PS: £135,000 (“03-“04) £140,000 (“04-“05). TI: £40,667,000.
  • Doncaster College, South Yorkshire. PS: £120,730 (“03-“04) £135,000 (“04-“05). TI: £36,917,000.
  • City and Islington College, London Central. PS: £120,000 (“03-“04) £135,000 (“04-“05). TI: £42,174,000.
  • East Berkshire College, East Berkshire. PS: £93,712 (“03-“04) £135,000 (“04-“05). TI: £24,893,000.
  • City College Brighton and Hove, Sussex. PS: £108,800 (“03-“04) £130,000 (“04-“05). TI: £18,152,000.
  • Bournemouth and Poole College, Bournemouth, Dorset and Poole. PS: £79,000 (“03-“04) £125,000 (“04-“05). TI: £37,649,000.

The Other End of the Scale

The five lowest-paid principals throughout the period 2004-2005 are listed below. Each of these colleges comes from the list of “6th Form Colleges”. Again, please note that PS is short for Principal’s Salary, and TI stands for Total Income (for the college). The TI figure applies to 2004 – 2005 only.

  • Portsmouth College, Hampshire and Isle of Wight. PS: £64,860 (“03-“04) £35,000 (“04-“05) TI: £5,284,000.
  • Bede College, Tees Valley. PS: £50,328 (“03-“04) £51,000 (“04-“05). TI: £2,496,000.
  • Ludlow College, Shropshire. PS: £52,573 (“03-“04) £56,000 (“04-“05). TI: £3,024,000.
  • Scarborough Sixth Form College, North Yorkshire. PS: £55,933 (“03-“04) £59,000 (“04-“05). TI: £4,027,000.
  • Worthing College, Sussex. PS: £76,000 (“03-“04) £63,000 (“04-“05). TI: £5,912,000.

Once again, the figures in this article are taken from the LSC Annual Report and Accounts 2004-2005 and the LSC Annual Report and Accounts 2003 – 2004. 

Vijay Pattni.

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