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TRINITY NEWS ESTABLISHED 1953
Tuesday 1 February 2022
Irelandâs Oldest Student Newspaper
Vol. 68, Issue. 6
PHOTO BY ELIZA MELLER FOR TRINITY NEWS
One third of female students in survey report experiencing rape Yasmin Orouji
Contributing Writer
O Cracking open a cold one
Students returned to the Pav last week, as the new term began and College announced the lifting of most Covid-related restrictions on social activities and on-campus food and drink. Trinity Ents also announced the return of âPav Fridaysâ.
Trinityâs debts increase by nearly 40% in two years Shannon Connolly Deputy Editor
T
RINITYâS DEBT HAS INCREASED by nearly âŹ80m, or approximately 40%, in the past two years, according to documents released to Trinity News under the Freedom of Information Act. Trinityâs total debt stood at âŹ203.8m at the end of the 2018 financial year, but had risen to âŹ283.8m by the end of 2020. The majority of this debt increase, ap-
proximately âŹ62.6m, occurred between 2018 and 2019. The liabilities are divided into five distinct loans, each relating to various College buildings and properties. The largest loan of âŹ70.7m (at the end of 2020), pertains to Trinity Biomedical Sciences Institute (TBSI), Trinity Business School, and the Printing House Square development. This loan decreased by âŹ4.35m during the 2018-20 period, due to âcapital repaymentsâ over the course of the two years. An additional âŹ57m outstanding loan in 2020 was accredited to Trinity Hall, down from âŹ58.5m in
2018, also due to repayments. The document did not say when this loan was taken out. All loans are recommended by Trinityâs Finance Committee and authorised by the College Board, âin line with the five year strategic planning of Trinityâ, according to a spokesperson for College. There were no repayments made on third loan, which stands at âŹ70.3m. The purpose of this loan is âTrinity Business School, Trinity Mobility, IPHâ, according to the documents. Trinity also took out two new loan contracts in 2019. The first, for âŹ25.1m, is to go to âMV Up-
grade, Arts Block, Old Library, [E3 Learning Foundry]â. A second loan was taken out for âŹ39.1m in 2019, before being increased to âŹ60.7m in 2020. This was attributed to TBSI, the E3 Learning Foundry, and the E3 Research Institute. A separate FOI release, published by campaign group Students4Change last August, showed that Trinityâs Endowment Fund had a total value of âŹ222.8m at the end of 2020. This included âŹ148.2m of equity investments, âŹ39.7m of property investments, âŹ16.3m of infrastructure investments, and âŹ16.5m in cash deposContinued on page 2>>
N JANUARY 27, THE GOVERNMENT RELEASED the results of a a national survey on student and staff experiences of sexual violence and sexual harassment in third level education. 7,901 students and 3,516 staff participated from across Ireland, with a majority saying they feel safe on campus, including in campus accommodation. A majority also said that they would feel supported if they came forward with accounts of sexual harassment and thought it unlikely that their Higher Education Institution (HEI) would respond negatively. However, large numbers of respondents reported experiencing various kinds of hostility, harassment or violence. According to the report, a majority of students said they Continued on page 2>>
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