City, University of London is a public research university in London, United Kingdom, and a member institution of the federal University of London. It was founded in 1894 as the Northampton Institute, and became a university when The City University was created by royal charter in 1966. The Inns of Court School of Law, which merged with City in 2001, was established in 1852, making it the University's oldest constituent part. City joined the federal University of London on 1 September 2016, becoming part of the eighteen colleges and ten research institutes that then made up that university. City has strong links with the City of London, and the Lord Mayor of London serves as the university's rector. The university has its main campus in Central London in the London Borough of Islington, with additional campuses in Islington, the city, the West End and East End. The annual income of the institution for 2019–20 was £245.0 million, of which £11.1 million was from research grants and contracts, with an expenditure of £218.4 million. It is organised into five schools, within which there are around forty academic departments and centres, including Bayes Business School (formerly Cass), School of Arts and Social Science, School of Health School, School of Mathematics, Computer Science and Engineering and The City Law School which incorporates the Inns of Court School of Law. City is a founding member of the WC2 University Network which developed for collaboration between leading universities of the heart of major world cities particularly to address cultural, environmental and political issues of common interest to world cities and their universities. The university is a member of the Association of MBAs, EQUIS and Universities UK. Alumni of City include a Founding Father, members of Parliament of the United Kingdom, Prime Ministers of the United Kingdom, governors, politicians and CEOs.