This table lists changes and additions to the record specification and supporting documentation.
Element
|
Element version
|
Notes
|
C15031 template |
1.4 |
The C15031 template has been amended to include the following changes:
- Table 1 - Head 16 has merged with Head 15 to follow the Model Financial Statement, as such Head 17 (Surplus for the year) has become Head 16.
- Table 2 - Formula has been removed from all cells excluding sub-totals and totals.
- Table 3 Scotland - Sub-head 1e has been amended to (Unrestricted funds).
- Table 4 - Formula has been removed from head 6c (H49 and I49).
|
Coverage of the record |
1.1 |
The guidance has been revised to better explain the conventions to be used in the Finance record. |
Introduction |
1.1 |
Additional information added to the Context section, including separately disclosed material items (Table 10) in the listed section of the Finance record. |
Notes on research income from charities |
1.1 |
Additional guidance added to the Other factors section, clarifying how co-investment from charities can be identified. |
Tables 1 to 4 - Guidance related to the consolidated financial statements |
1.1 |
Table 3 Scotland - Current assets has been renamed Table 3 Scotland - Investments and cash. Sub-head 1e has been amended to (Unrestricted funds). |
Table 5 - Research grants and contracts |
1.2 |
Additional guidance added to Column 2 (UK-based charities (open competitive process)), clarifying that charities in Northern Ireland recognised as having charitable status by HM Revenue and Customs or registered with the Charity Commission for Northern Ireland should be recorded under this column. Additional guidance added to Column 8 (EU government bodies), clarifying that funding from bodies within the UK is excluded from columns 8, 9, 10 and 11, where one of these UK-based bodies disburses funds derived from the EU, this should be disclosed in Column 4 (UK central government bodies/local authorities, health and hospital authorities). |
Table 6 - Tuition fees and education contracts |
1.1 |
Additional guidance added to Sub-head 1c (Home and EU domicile students (HEPs in Scotland only)), including the standard rate of tuition fees for full-time undergraduate students for 2015/16. |
Table 7 - Income analysed by source (all providers) |
1.1 |
The guidance has been revised in Head 5 (Investment income), amending the list of what should be included under this heading. Guidance has been removed from Head 7 (Donations and endowments) as it was contradictory to a previous paragraph in the SORP. |
Table 7 - Funding body grants (country specific) |
1.2 |
Additional guidance added to Funding body grants - England, clarifying that all Education Funding Agency (EFA) funding should be recorded under Sub-head 1d (SFA funding). |
Table 8 - Expenditure by activity and HESA Cost Centre |
1.1 |
Additional guidance added to Column 5 (Other operating expenses), clarifying that amortisation should be recorded under this column against the appropriate HESA Cost Centre. Additional guidance added to Column 6 (Depreciation), clarifying that depreciation which cannot be allocated to Heads 1 to 6 should be recorded under Head 7 (Other expenditure). |
Element
|
Element version
|
Notes
|
All documentation |
N/a |
All instances of BIS have been amended to BEIS in the template and the guidance, reflecting the name change of this organisation to the Business, Energy and Industrial Strategy (BEIS) department. |
C15031 template |
1.2 |
The C15031 template has been amended to include the following changes:
- Table 5 Head 5 has been amended to Co-investment from external sources on funding council-funded projects (included in Heads 1 to 4 above).
- Table 5 Head 6 has been amende to Balance of research related deferred capital and revenue grants as at 31 July 2015 taken to reserves.
- Additional Head 2 has been added to Table 7 (Funding body grants - Wales).
- Additional Table 10 (Separately disclosed material items) has been added to the template, to supplement information submitted in Table 1, where items must be submitted if they have been deemed material to be disclosed on their own line in the HE provider's statement of consolidated income and expenditure.
|
Key financial indicators (KFIs) |
1.0 |
The Key financial indicators (KFIs) document has been added under the 'Supporting documents' section. |
Table 5 - Research grants and contracts |
1.1 |
Table 5 Head 5 has been amended to Co-investment from external sources on funding council-funded projects (included in Heads 1 to 4 above), as this now applies to institutions in England and Scotland.
Table 5 Head 6 has been amended to Balance of research related deferred capital and revenue grants as at 31 July 2015 taken to reserves. |
Table 7 - Funding body grants (country specific) |
1.1 |
Additional guidance has been added for Welsh funding body grants Head 2 (Welsh European Funding Office (WEFO) grants). |
Table 10 - Separately disclosed material items |
1.0 |
Guidance has been added for additional Table 10 (Separately disclosed material items) under the 'Guidance for Finance tables' section. |