The following is alist of British universities ordered by their financialendowments , expressed inpounds sterling atfair value .
British charity funds are made up of restricted reserves, which can only be used for specific purposes, and unrestricted reserves, which could be used for any activity within the charity's scope.[ 1] statement of recommended practice (SORP) defines endowments as specific funds with both restrictions over the endowments' income and intention from the donors to establish such endowments. In addition, these reserves must either be held indefinitely and cannot be converted into income without permission (known as permanent endowment funds) or could be converted into income at trustees' discretion (known as expendable endowment).[ 2] [ 3] [ 4] [ 5] [ 6] [ 7]
All sources are official audited financial statements published in the respectivefiscal years . Note that changes to the Financial Reporting Standards (FRS 102) and the SORP in 2015 mean endowments as of 2016 are not directly comparable in all cases with those for previous years.[ 8]
[ edit ] [ edit ] [ edit ] Specialist Higher Education Institutions [ edit ] [ edit ] Rank Institution Enrolment(FTE - 2024/25) [ 452] Endowment per student(2025, student population over 1000) Change(1‑year) 1 University of Cambridge † 21,040 £113,450 +6.2% 2 University of Oxford † 21,840 £87,546 +5.8% 3 London Business School 1,705 £46,041 +11.5% 4 London School of Economics 12,590 £21,930 +6.7% 5 University of Edinburgh 36,185 £16,714 +4.4% 6 Royal College of Art 2,460 £16,098 +14.6% 7 University of St Andrews 10,800 £12,954 +11.7% 8 Imperial College London 21,310 £12,783 +15.6% 9 SOAS University of London 5,990 £10,033 +2.3%
Notes: † Excluding the endowments of the autonomous colleges
^ Including the 36 independent and financially autonomousColleges of the University of Oxford . ^ Including the 31 independent and financially autonomousColleges of the University of Cambridge . ^ During the 2020–21 year, Reading applied for and was granted permission from the Charity Commission to close the Research Endowment Trust. As a result, all of the trust’s assets and liabilities were distributed to the University, the sole Trustee. ^ Excluding the two independent colleges of Durham:St Chad's andSt John's . ^ Created from the merger of City andSt George's in 2024. ^ "Statement of Recommended Practice" (PDF) .Accounting for Further and Higher Education . Retrieved16 June 2024 .^ Grey, Ransford (10 April 2024)."Restricted vs Unrestricted Fund" .THE FINANCIAL WAREHOUSE COMPANY . Retrieved16 June 2024 . ^ "Academic Assets: University Fundraising - An Update" (PDF) .Sutton Trust . June 2014. Retrieved16 June 2024 .^ "University of Bath Endowment Acceptance and Financial Management Policy" .University of Bath . 23 February 2023. Retrieved16 June 2024 .^ "Annual Record" .Trinity College Cambridge . Retrieved16 June 2024 .^ "Imperial College London Endowment (as of July 31, 2023)" (PDF) .Imperial College London . 31 January 2024. Retrieved16 June 2024 .^ "Cambridge University Endowment Fund: Annual Review 2023" (PDF) .University of Cambridge Investment Management . 30 June 2023. Retrieved16 June 2024 .^ "Financial Statements 2015–2016" (PDF) . Durham University. pp. 61– 66. Retrieved21 December 2016 .^ "Aggregated College Accounts: Consolidated and College Balance Sheets For the year ended 31 July 2024" (PDF) . Retrieved28 February 2025 .^a b "Financial Statements 2023/24" (PDF) . University of Oxford. Retrieved12 January 2025 .^ Colleges (group) £6,795.6M,[ 9] [ 10] ^ "Aggregated College Accounts: Consolidated and College Balance Sheets For the year ended 31 July 2023" (PDF) . Retrieved25 February 2024 .^a b "Financial Statements 2022/23" (PDF) . University of Oxford. Retrieved25 February 2024 .^ Colleges (group) £6,387.7M,[ 12] [ 13] ^ "Aggregated Statement of Financial Activities For the year ended 31 July 2022" (PDF) . Retrieved5 May 2023 .^a b "Financial Statements 2021/22" (PDF) . University of Oxford. Retrieved5 May 2023 .^ Colleges (group) £6,418.4M,[ 15] [ 16] ^ "Aggregated Statement of Financial Activities For the year ended 31 July 2021" (PDF) . Retrieved31 January 2023 .^a b "Financial Statements 2020/21" (PDF) . University of Oxford. Retrieved31 January 2023 .^ Colleges (group) £6,126.4M,[ 18] [ 19] ^a b "Aggregated Statement of Financial Activities For the year ended 31 July 2020" (PDF) . Retrieved31 December 2023 .^a b c d "Financial Statements 2019/20" (PDF) . University of Oxford. Retrieved31 December 2023 .^ Colleges (group) £5,036.2M,[ 21] [ 22] ^ Colleges (group) £5,132.4M,[ 21] [ 22] ^ "Oxford University Colleges Financial Statements 2018" (PDF) .d307gmaoxpdmsg.cloudfront.net . Retrieved3 August 2019 .^a b "Financial Statements 2017/18" (PDF) . University of Oxford. Retrieved3 August 2019 .^ Colleges (group) £4,896.3M,[ 25] [ 26] ^ "Oxford University Colleges Financial Statements 2017" (PDF) .d307gmaoxpdmsg.cloudfront.net . Retrieved3 August 2018 .^a b "Financial Statements 2016/17" (PDF) . University of Oxford. Retrieved3 August 2018 .^ Colleges (group) £4,602.8M,[ 28] [ 29] ^ "Oxford University Colleges Financial Statements 2016" (PDF) .d307gmaoxpdmsg.cloudfront.net . Retrieved21 April 2018 .^a b "Financial Statements 2015/16" (PDF) . University of Oxford. Retrieved10 March 2017 .^ Colleges (group) £4,159.1M,[ 31] [ 32] ^ "Financial Statements 2024/25" (PDF) . University of Oxford. Retrieved22 December 2025 .^a b Colleges of the University of Cambridge ^a b "Reports and the Financial Statements 2023" (PDF) . University of Cambridge. Retrieved14 June 2024 .^ Colleges £4,665M,[ 35] [ 36] ^a b "Reports and Financial Statement 2022" (PDF) . University of Cambridge.Archived (PDF) from the original on 13 April 2023. Retrieved10 June 2023 .^ Colleges £5,325M,[ 35] [ 38] ^ Colleges of the University of Cambridge ^a b "REPORTS AND FINANCIAL STATEMENT 2019" (PDF) . University of Cambridge. Retrieved2 April 2020 .^ Colleges £4,101.2M,[ 40] [ 41] ^ "Accounts of the Colleges 2017–18" (PDF) . Retrieved11 June 2019 .^a b c d "REPORTS AND FINANCIAL STATEMENT 2018" (PDF) . University of Cambridge. Retrieved11 June 2019 .^ Colleges £3,188.2M,[ 43] [ 44] ^ "Annual Reports and the Financial Statements 2025" (PDF) . University of Cambridge. Retrieved18 December 2025 .^ "Reports and Financial Statements 2024" (PDF) . University of Cambridge. 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