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What it says it does
THE MASTER AND SCHOLARS OF BALLIOL COLLEGE IN THE UNIVERSITY OF OXFORD
In pursuit of our charitable objects to advance education, religion, learning and research within the context of the University of Oxford, we admit, teach, and mentor undergraduate and graduate students on a wide variety of degree courses, facilitate research and scholarship within the academic membership of the College, and cater for an international community of learning, and maintain a chapel.
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Income less expenditure is arithmetic, not a judgement of efficiency. Capital spending, restricted funds, grants, reserves, staffing models and reporting periods can make a superficial comparison misleading. Open the filed accounts before reaching a conclusion.
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