Finance record 2018/19 - Finance Table 7: Funding body grants (country specific)
Version 1.0 Produced 2019-09-20
Contents:
- Table 7 Funding body grants - Northern Ireland
- Table 7 Funding body grants - Scotland
- Table 7 Funding body grants - Wales
- Table 7 NI provides a further analysis of funding body grants, Head 2 of Table 7. The total must agree with the financial statements and should include income attributable to a share in joint venture(s).
- Should contain the total grant (or main and associated grants) for teaching, including widening participation, as shown in the annual grant letter or additional grant letter from the funding councils.
- Should contain the total grant (or main and associated grants) for research as shown in the annual grant letter or additional grant letter from the funding councils. No distinction between the different components of research funding is required.
- Should include all other recurrent grants and non-recurrent grants to support special initiatives as stated in the annual grant letter or additional letters from the funding councils. Income relating to non-capitalised expenditure, for example Higher Education Capital, Higher Education Research Capital or Research Capital Investment Fund (RCIF), should be included here, under funding council income.
- Should include all capital grants (whether recognised under the accrual or performance models) where capital funding has been applied to the purchase of an asset that has been capitalised. This includes grants from Higher Education Capital, Higher Education Research Capital or Research Capital Investment Fund (RCIF), and the funding body elements of the UK Research Partnership Investment Fund (UKRPIF) grants. The depreciation associated with these grants, where accounted for under the accrual model, should be returned on Table 8 under Sub-Head 4b (Premises).
Table 7 Funding body grants - Northern Ireland
Sub-head 1a (Recurrent (teaching))
Sub-head 1b (Recurrent (research))
Sub-head 1c (Recurrent - Other (including non-recurrent special funding))
Sub head 1d (Capital grants recognised in the year)
- Should contain the total grant (or main and associated grants) for teaching, including widening participation and articulation, as shown in the institution's outcome agreement including any in-year adjustments.
- Should contain the total grant (or main and associated grants) for research as shown in institution's outcome agreement or additional grant letter from the Funding Council. No distinction between the different components of research funding is required.
- Should include all ring-fenced grants for controlled subjects of medicine, dentistry, initial teacher education and nursing and midwifery.
- Should include all grants included as strategic funds in the outcome agreement. In addition, regional coherence funding and small specialist institution funding should be included here.
- Should include the total SFC Capital Maintenance grant as shown in the outcome agreement as applied to non-capitalised expenditure.
- Should include amounts relating to a specific capital grant that has been used to purchase a capitalised asset. The treatment will depend on whether the institution has applied the accrual or performance model under FRS 102 and the FE/HE SORP (2015). The line will include both capital grants recognised in the year, under the performance model, and the release of income from capital grants recognised in the year, under the accrual model. This includes SFC/BEIS research funding.
- Should include SFC grants for FE provision paid out of the FE budget (UHI and SRUC).
Table 7 Funding body grants - Scotland
Sub-head 1a (General fund teaching)
Sub-head 1b (General fund research and knowledge exchange)
Sub-head 1c (Ring-fenced grants)
Sub-head 1d (Strategic funds)
Sub-head 1e (SFC Capital maintenance grant)
Sub-head 1f (Capital grants recognised in the year)
Sub-head 1g (Grants for FE provision)
- In 2016/17, a pro-rata reduction was applied to HEFCW teaching and research funding. The reduction should be applied to funding streams in the same way that HEPs have chosen to allocate the reduction internally. HEPs are not expected to recreate HEFCW's calculations in presenting the reduction in this table.
- Any clawback applied to funding due to under-recruitment should be included in the category it relates to. For example, if the clawback is due to under-recruitment of part-time undergraduate credit values, the reduction should be reflected in the PT UG teaching funding category.
- Should contain the total grant (or main and associated grants) for teaching, including per capita and premium funding, as shown in the annual funding allocation circular or additional in-year allocation circulars from the funding council. The grant should be split in the requested format (i.e. FTUG, FTPG, PTUG, PTPG). The HEFCW part-time fee waiver scheme should be included against the PT UG category.
- Should contain the total grants (or main and associated grants) for QR and PG Research as shown in the annual funding allocation circular or additional in-year allocation circulars from the funding council. No distinction between the different components of research funding is required.
- Should include all other recurrent grants and non-recurrent grants to support special initiatives as stated in the annual funding allocation circular or additional circulars from the funding council. Income relating to non-capitalised expenditure, for example Learning and Teaching Fund, Ser Cymru, Reaching Higher Reaching Wider, should be included here, under funding council income. The additional funding allocated to HEPs in 2016/17 from the £20m Strategic Change Fund should be included here. Any reductions in funding due to the Sector Agency Transfer should also be included here.
- Should include the capital grants recognised in the year where Equipment grant (including grants from the Higher Education Research Capital funding, Strategic Development Fund (SDF), Project Capital Allocation (PCA), Centres for Excellence in Teaching and Learning and any similar sources, has been applied to the purchase of furniture or other assets that have been capitalised.
- Should include the capital grants recognised in the year where capital funding (project or formula) has been applied to the purchase of an asset that has been capitalised. This should include grants from the RCIF, the SDF and the funding bodies element of the UK Research Partnership Investment fund (UKRPIF) grants.
- Should include all grants received from the Department for Education and Skills (DfES).
- Should include all grants received from the Welsh European Funding Office (WEFO). These will have been included as income elsewhere on the return. Income returned in Head 2 is not related to income returned in Heads 1a to 1i in this table. See also guidance for column 8 of Table 5.
Table 7 Funding body grants - Wales
Heads 1a - 1d (Teaching grants)
Head 1e (QR and PGR Funding)
Head 1f (Non formula funding grant)
Head 1g (Capital grants recognised in the year - equipment)
Head 1h (Capital grants recognised in the year - estates)
Head 1i (DfES recurrent grants)
Head 2 (Welsh European Funding Office (WEFO) grants)
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