Christ’s College is a registered charity, pursuing the aims set out in its Statutes on a not-for-profit basis. The continued success of the College depends on attracting people of the highest quality as students, academics and other staff.
The historic statutes of the College define its aims as promoting Education, Religion, Learning and Research. Our mission today is to:
Undergraduates We are a mid-sized college in the University of Cambridge, with around 400 undergraduates of very high ability and potential. Our students come from a wide range of backgrounds. We provide small-group teaching, accommodation, pastoral care and many other facilities.
Graduate students Our thriving community of graduate students increases the breadth of discussions and the fertilisation of ideas across disciplines, and contributes significantly to the aims of the College.
Academic Staff Our research and teaching staff are notable for their excellence and diversity across many disciplines. Maintaining this balance across disciplines is particularly important. The academic staff includes:
Administrative and operational staff The College also benefits greatly from the loyal and dedicated team who run the College’s operations, enabling it to perform with administrative and operational efficiency. We will continue to:
There are currently more than 7,000 alumni world-wide. Many of our alumni have made substantial contributions to the world. We aim to:
Buildings and grounds The College owns its main site, with buildings constructed between the 16th and 20th centuries, including the Chapel, Main Hall, Library, Master’s Lodge, Theatre and a wide variety of accommodation. The College also has a boathouse, a sports field and further accommodation.
We also aim to provide new space within the College site offering good environments for study and for social interaction, and now have planning permission to reconstruct Library Court. We also plan to create additional accommodation within the College site, to the west of New Court.
Other historic property The College owns a collection of historic books, art and other items of interest. We will continue to care for it and, from time to time, to hold public exhibitions of particular items, as we did to mark the 400th anniversary of the birth of John Milton and the 200th anniversary of the birth of Charles Darwin.
The College’s future clearly depends on the prudent stewardship of the College’s assets and expenditure, and also on the success and generosity of our alumni.
Income and expenditure is available from the College Accounts section of the webpage. Our fees and charges increase broadly in line with inflation. We carefully manage our costs, but there is little scope for radical change to our core activities. Student fees do not fully cover the related educational expenditure and, similarly, income from student rents and catering does fully not recover the associated costs. We are working hard to increase our income from external conferences and catering, but these make a relatively small contribution. The result underlines the critical importance of the annual income that the College receives from its investments.
Capital Apart from fixed assets (mainly the College buildings), the College has an endowment derived from gifts and legacies from our historic benefactors. The endowment is currently invested in securities and properties, and managed professionally with oversight from the Investments Committee. It serves two important roles, firstly providing income to support the ongoing educational and operational activities of the College, and secondly support to meet emergency needs, such as the significant cost of repairing New Court in 2006. It is vital that the capital value of the endowment is maintained and, over time, increased to provide a sustainable and resilient source of income in support of the College’s future.
Risks and uncertainties Our financial planning rests as far as possible on reasonable assumptions, but there are of course significant risks, such as future investment conditions, unforeseen property expenses and future cost inflation.
There is a major need to provide additional financial assistance (bursaries and scholarships) for students. One priority is to provide assistance for those with household incomes just above the level which already triggers significant support. We will also need to address the shortfall arising as contributions from other University funds to bursaries are reduced.
The College has opportunities to extend its operations, which will require additional capital:
These priorities are consistent with the strategy set out in this document – to build on our Foundation and to prepare for our Future.