Bespoke data service - finance data

Sources of Income

Funding Council Grants
Funding council grants include those from the Higher Education Funding Council for England (HEFCE), the Higher Education Funding Council for Wales (HEFCW), the Scottish Higher Education Funding Council (SHEFC), the Teacher Training Agency (TTA) and the Department of Education Northern Ireland (DENI).

Higher education (HE) provision includes recurrent grants and capital grants as defined below in respect of HE provision, except in Scotland where this category also includes grants for further education (FE) provision.

Recurrent grants includes the block grant (or main and associated grants) for teaching, research and other recurrent grants as stated in the annual grant letters or additional letters from the funding council.

Capital grants includes all non-recurrent grants from the funding council to support special initiatives and capital grants in respect of buildings and equipment.

FE provision includes all funding council grants for the provision of FE. This category does not apply to SHEFC funded institutions as they do not receive separately identified grants for FE provision.

Tuition fees and education grants and contracts
This includes all income received in respect of fees for students on courses for which fees are charged.

Full-time HE fees - standard rates includes standard fees for full-time and sandwich degree, diploma and similar award-bearing courses for home and European Community (EC) domiciled students.

Full-time HE fees – non-standard rates includes all other fees for full-time and sandwich degree, diploma and similar award-bearing courses for home and European Community (EC) domiciled students.

Part-time HE fees includes fees for part-time degree, diploma and similar award-bearing courses for home and European Community (EC) domiciled students.

Overseas domicile includes fees for all degree, diploma and similar award-bearing courses for non-home and non-European Community (EC) domiciled students.

Non-credit-bearing course fees includes all fee income received in respect of non-credit-bearing liberal adult education, non-credit-bearing continuing education or extra-mural courses.

Other fees and support grants includes fee income received for the provision of FE/non-advanced courses and all grants made by research councils and other bodies in support of the training of research students. This includes bench fees and Collaborative Awards in Science and Engineering (CASE).

Research Grants and Contracts
This includes all income in respect of externally sponsored research carried out by the institution for which directly related expenditure has been incurred.

OST research councils includes all income from research grants and contracts from research councils covered by the Office of Science and Technology (OST). They are:

Biotechnology & Biological Sciences Research Council (BBSRC) Natural Environment Research Council (NERC) Engineering & Physical Sciences Research Council (EPSRC) Economic & Social Sciences Research Councils (ESRC) Particle Physics & Astronomy Research Council (PPARC) Medical Research Council (MRC) Research income from the British Academy

UK based charities includes all research grants & contract income from all charitable foundations, charitable trusts, etc. based in the UK which are registered with the Charities Commission or those recognised as charities by the Inland Revenue of Scotland.

UK government bodies, health & hospital authorities includes all research grants & contract income from UK central government bodies, UK local authorities and UK health and hospital authorities, except research councils and UK public corporations. Research income from the British Council and the Royal Society is also included in this section.

UK industry, commerce & public corporations includes all research grants & contract income from industrial and commercial companies and public corporations operating in the UK.

EU sources includes all research grants & contract income from all government bodies operating in the EU, (including the European Commission but excluding bodies in the UK) and income from all non-government bodies operating in the EU, outside the UK.

Other overseas sources includes all research grants & contract income from overseas bodies operating outside the EU.

Other sources includes all research grants & contract income not covered above.

Other Services Rendered
This includes all income in respect of services rendered to outside bodies, including the supply of goods and consultancies.

Course validation fees includes all validation fees for courses such as those run by other institutions.

Teaching companies includes all income received in respect of the provision of teaching company schemes irrespective of the source of the income.

UK government bodies, health & hospital authoritiesincludes all non-research income from UK central government bodies, non-departmental public bodies, UK local authorities and UK health and hospital authorities, except any included as academic fees & support grants.

UK industry, commerce and public corporationsincludes all non-research income for services rendered to industrial and commercial companies and public corporations operating in the UK.

EU sources includes all non-research income from all government bodies operating in the EU (including the European Commission but excluding bodies in the UK) and income from all non-government bodies operating in the EU, excluding the UK.

Other overseas sources includes all non-research income from bodies operating outside the EU.

Other sources includes all non-research income for services rendered not covered above.

Other General Operating Income
Residences & catering operations includes the gross income from residences, catering and conference operations.

Grants from local authorities includes income from local authorities providing revenue for the purpose to which the grant will be applied.

Income from health and hospital authorities includes income received from UK health or hospital authorities for the funding of any employees of the institution (including some posts in academic teaching).

Released from deferred capital grants - an institution may receive a capital grant from a source other than a funding council to finance, or partly finance, the construction or acquisition of a fixed asset. Where the asset is capitalised, the grant is included in a deferred credit account and released to the income and expenditure account over the useful economic life of the asset. The annual release from that deferred credit account is included in this section. Where the asset is not capitalised, the grant is included under this section in full, with the expenditure included within total expenditure under the appropriate section.

Income from intellectual property rights includes all income received from intellectual property rights such as licences and patents.

Other general income includes all other operating income not covered above.

Where the heading ‘Other operating income’ appears, this may be taken to mean ‘Other services rendered’ plus ‘Other general operating income’ as defined above.

Endowment Income and Interest Receivable
Specific endowments includes the appropriate amount of the income from the investment of specific endowments necessary to match the expenditure incurred on the purpose for which the specific endowment was provided.

General endowments includes the full amount of the income from the investment of general endowments (including the income earned from the capital of the endowment whether arising from the interest or dividends on investments, bank interest or rents from real property).

Interest receivable includes interest receivable on, and the net surplus or deficit from the realisation or revaluation of, short-term investments, the surplus or deficit on the realisation of investments held as long-term funds and all other interest received or receivable.
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Categories of Expenditure

Expenditure can be broken down by institution, cost centre and activity.

Staff Costs
Academic staff includes costs in respect of academic staff, defined as staff whose primary function is teaching and/or research, paid from within the budgets of academic departments and allocated to the appropriate cost centre.

Other staff includes costs in respect of all other staff paid from within the budgets of academic departments and allocated to the appropriate cost centre.

Other Operating Costs
Depreciation includes depreciation costs on equipment capitalised according to where the assets being depreciated are located.

Other operating expenses includes costs in respect of payments to non-contracted staff or individuals, all other non-staff costs, equipment which has not been depreciated, expenditure on maintenance contracts and telephone costs (calls, rental and non-capitalised equipment) if not charged to departments.

Interest payable includes costs in respect of interest payable on premises, residences & catering operations and other expenditure.

Expenditure Activities

Academic Departmental Cost Centres
This includes all expenditure directly incurred by or on behalf of academic departments which is not reimbursable by research councils or other bodies in respect of work carried out on their behalf. From 2004/05 there are 34 departmental cost centres to which this expenditure can be attributed. They are:

01 Clinical medicine
02 Clinical dentistry
03 Veterinary science
04 Anatomy & physiology
05 Nursing & paramedical studies
06 Health & community studies
07 Psychology & behavioural sciences
08 Pharmacy & pharmacology
10 Biosciences
11 Chemistry
12 Physics
13 Agriculture & forestry
14 Earth, marine & environmental sciences
16 General engineering
17 Chemical engineering
18 Mineral, metallurgy & materials engineering
19 Civil engineering
20 Electrical, electronic & computer engineering
21 Mechanical, aero & production engineering
23 Architecture, built environment & planning
24 Mathematics
25 IT & systems sciences, computer software engineering
26 Catering & hospitality management
27 Business & management studies
28 Geography
29 Social studies
30 Media studies
31 Humanities & language based studies
33 Design & creative arts
34 Education
35 Modern languages
37 Archaeology
38 Sports science & leisure studies
41 Continuing education

Academic services
This includes expenditure incurred on centralised academic services such as the library and learning resource centres, central computers and computer networks (including maintenance and operating costs), expenditure on centrally run museums, galleries and observatories, and any other general academic services not covered elsewhere.

Administration and central services
This includes expenditure incurred on central administration, general educational expenditure and staff and student facilities and amenities.

Central administration & services includes expenditure in respect of central administrative staff and such payments to Heads of Institutions, Professors, Deans, Tutors, Faculty Officers and the like as are made in respect of central (as distinct from departmental) administrative work. This category also includes expenditure associated with the running costs of an administrative computer and the following other costs if not charged to their relevant cost centre: public relations, advertising, recruitment, removal expenses of all staff, publications (excluding educational publications), rating or council tax advisors, security of wages, bank charges, central postage, superannuation management, expenses of head of organisation, legal and audit fees, general insurance costs not included elsewhere and telephone costs where centrally charged.

General educational expenditure includes expenditure incurred on examinations, fellowships, scholarships, prizes and other expenditure of a general educational nature. It includes the direct costs of examinations for example of external examiners, salaries, printing, etc. Also included are fee remission and provisions for bad debts in respect of unpaid fees and the following items that cannot be appropriately charged elsewhere: educational publications, public lectures and exhibitions, subscriptions and contributions to learned societies and representative bodies, works of art, research projects not returned under other heads, representation at conferences, explorations and expeditions, administration of non-departmental arts centres, widening participation activity and student recruitment costs from home and overseas.

Staff & student facilities includes expenditure incurred on the provision of facilities and amenities for the use of students and/or staff, e.g. Careers Advisory Service, all grants to student societies, emoluments to wardens of halls of residence, accommodation office, athletic and sporting facilities (excluding maintenance) and the institution’s health service.

Premises
This includes all expenditure incurred (whether centrally or departmentally) on the management of premises (including academic buildings, central academic services, art centres, institution’s health service premises, pavilions, sports buildings, etc) and on roads and grounds except residences and catering. Staff concerned with building maintenance, including estates administrative staff, are included in this category.

Residences and catering operations
This includes the gross expenditure incurred in providing the residence, catering and any conference operations, including the cost of maintenance of residential and catering premises, salaries and any other identifiable costs relating to these operations. The depreciation costs and financing costs of these operations are included in appropriate categories of expenditure.

Research grants and contracts
This includes the total of the direct costs attributed to research grants and contracts as detailed for research grants and contracts income.

Other expenditure
This includes the total direct costs attributed to other services rendered and all other expenditure not covered above.
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