HESA FSR with HE-BCI survey collection 2013/14
HESA FSR with HE-BCI survey collection 2013/14
FSR Table 6b - Income analysed by source
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Version 1.0 Produced 2014-07-30
- Table 6b provides a further analysis of the five main income headings in Table 1. The totals for each of the main income headings must be the same as those in the financial statements and should include income attributable to a share in joint venture(s).
- The National College for Teaching and Leadership (NCTL) grants should be included under this Head. ITT Training Bursaries should not be included under this Head (see paragraph 4 below).
- Funding from the Joint Information Systems Committee (JISC) should be included under this Head, regardless of the location of the higher education provider (HEP).
- Student support funding; Access to Learning Fund and transitional fee waiver payments should not be included in the Income and expenditure account. Funding council grants to reimburse salary payments to PGCE (Post compulsory education) students and ITT Training Bursaries should be treated as student support.
- Higher education providers (HEPs) in England - Note that the government element of the National Scholarship Programme (NSP) will be accounted for on a principal basis by HEPs, and therefore will be included as Funding Council grant in the Income and expenditure account, in both the published accounts and in the FSR. This guidance replaces the previous statement issued in Circular 12/01 June.
- Should contain the total grant (or main and associated grants) for teaching, including widening participation and tuition fee compensation, as shown in the annual grant letter or additional grant letter from the funding councils.
- Funding will be offered to eligible higher education entrants from low-income backgrounds through the National Scholarship Programme (NSP); the decision to offer this will be made on a principal basis by individual universities and colleges.
- 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 Learning and Teaching Capital Investment Fund, the element of the National Scholarship Programme (NSP) or Research Capital Investment Fund (RCIF), should be included here, under funding council income.
- Should include the release of deferred capital grants 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 Strategic Development Fund (SDF) and the funding bodies element of the UK Research Partnership Investment fund (UKRPIF) grants. (The depreciation associated with these grants should be returned on Table 7 under Premises Sub-head 4b).
- Should include the release of deferred capital grants where Equipment grant (including grants from the Science Research Investment Fund (SRIF), SDF, Project Capital Allocation (PCA), Centres for Excellence in Teaching and Learning and the funding bodies element of the UKRPIF grants) has been applied to the purchase of furniture or other assets that have been capitalised.
- Should include all funding council grants for the provision of Further Education (FE). This includes grants from the Skills Funding Agency and Department for Education, as well as the HEFCs. This Sub-head does not apply to SFC funded HEPs as they do not receive separately identified grants for non-advanced/FE provision.
- This Head is automatically derived from Table 6a (Tuition fees and education contracts analysed by domicile, mode, level and source).
- BIS Research Councils, The Royal Society, British Academy & The Royal Society of Edinburgh are shown individually and the data under sub-heads 3ai - 3aviii are automatically taken from Table 5a (Research grants and contracts - breakdown of income by BIS Research Councils, The Royal Society, British Academy & The Royal Society of Edinburgh and cost centre). Data for 3bi - 3h are automatically taken from Table 5b(Research grants and contracts - breakdown of income by cost centre).
- This Sub-head should include income in respect of services rendered to outside bodies, including the supply of goods and consultancies. Expenditure on the direct costs of all services rendered should be included under Head 7 (Other expenditure) on Table 7.
- This Sub-head should include 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 under Head 2. Income received for the funding of posts in clinical and non-clinical academic departments should not be included under this Sub-head, but included under Sub-head 4d.
- All non-research income from all government bodies operating in the EU, including the European Commission, should be entered under this Sub-head. European Social Fund (ESF) grants should be included, although ERASMUS grants should be included under Sub-head 4g.
- Knowledge Transfer Account (KTA) income should also be included under this Sub-head.
- This Sub-head should include all non-research income for services rendered to industrial and commercial companies and public corporations. It should include all validation fees for courses, such as those run by other HEPs, and anything else that is not covered in 4ai.
- This should include the gross income from residences, catering and conference operations.
- Grants from local authorities should be treated as capital or revenue according to the purpose to which the grant will be applied. Income released from deferred capital grants should be recorded under Sub-head 4e. All other grants should be treated as revenue and included under this Sub-head, except in the case of research activities, or for services rendered, which should be included under Sub-heads 3d or 4ai as appropriate.
- This Sub-head should include income received from UK health and hospital authorities for the funding of any employees of the HEP, including posts in academic teaching, except those relating to the provision of a service which should be recorded under Sub-head 4ai, and except for research which should be included in Table 5a and Table 5b.
- Income for teaching contracts should be returned as fee income rather than under this Sub-head.
- A HEP 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 should be 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 should be included under this Sub-head. Where the asset is not capitalised, the grant should be included under this Sub-head in full, with the expenditure included within total expenditure under the appropriate Head. The treatment in respect of capital grants under this Sub-head is consistent with that of Funding Council capital grants in Sub-heads 1aiv and 1av above.
- This should include all income received from intellectual property rights such as licences and patents.
- This should include all other operating income not covered by Heads 4a to 4f. Grants from the Trans-European Mobility Scheme for University Studies (TEMPUS) and European Community Action Scheme for the Mobility of University Students (ERASMUS) and similar grants should normally be returned under this heading. However, where a portion of a grant from one of these sources was granted for research (which satisfies the Frascati definition) and spent on research, that portion may be returned as research income and returned under Column 6 (EU government bodies) of Table 5a.
- This should include: income from specific endowment asset investments; general endowment asset investments; other investment income and other interest receivable.
- In addition, the expected return on pension scheme assets and the interest on pension scheme liabilities should be netted off, and the net figure, if a net credit, included here, within endowment and investment income,or, if a net debit, within interest and other finance costs (Table 7 Head 7 Column 6).
- This Head is automatically calculated and the figure is linked directly into Table 1.
- Where an HEP acts as a contractor that subcontracts work to another HEP or organisation this income should be included within Heads 1 to 6 of this table. This will be consistent with the audited financial statements. For use of the data for funding purposes HEFCE would like to identify the amount of income received and spent by the HEP making the return. Income passed onto subcontracted HEPs or organisations should therefore be deducted in Head 7 (Less any income passed on to other HEPs or organisations as part of a collaborative project or subcontracted work).
- Where a project is undertaken by several HEPs or organisations and one HEP acts as the 'lead HEP', the lead HEP may show the gross income and expenditure in their published accounts. For use of the data for funding purposes HEFCE would like to identify the income received and spent by the HEP making the return. Income which has simply been passed onto partner HEPs or organisations should therefore be deducted in Head 7 (Less any income passed on to other HEPs or organisations as part of a collaborative project or subcontracted work).
- The figure entered in Head 7 should be a negative value.
- Income passed onto other HEPs or organisations as part of a collaborative project or subcontracted work will appear as expenditure in Table 7. The expenditure does not need to be separately identified.
- This Head is automatically calculated.
Head 1: Funding body grants
Sub-head 1a Grants for HE provision (SFC grants for all provision)
Sub-head 1ai Recurrent - Teaching
Sub-head 1aii Recurrent - Research
Sub-head 1aiii Recurrent - Other (including special funding)
Sub-head 1aiv Release of deferred capital grants - Buildings
Sub-head 1av Release of deferred capital grants - Equipment
Sub-head 1b Grants for FE provision (not applicable to SFC)
Head 2: Total tuition fees and education contracts
Head 3: Research grants and contracts
Head 4: Other income
Sub-head 4a Other services rendered
4ai UK Central Government/local authorities, health & hospital authorities and EU Government bodies
Sub-head 4b Residences and catering operations (including conferences)
Sub-head 4c Grants from local authorities
Sub-head 4d Income from health & hospital authorities (excluding teaching contracts for student provision)
Sub-head 4e Release of deferred capital grants
Sub-head 4f Income from intellectual property rights
Sub-head 4g Other operating income
Head 5: Total Endowment and investment income
Head 6: Total income
Head 7: Less any income passed on to other HEPs or organisations as part of a collaborative project or subcontracted work
Head 8: Net total income excluding income passed onto other HEPs or organisations for collaborative projects or subcontracted work
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