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Finance record 2015/16 - Revision history

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Finance record 2015/16 - Revision history

This table lists changes and additions to the record specification and supporting documentation.

Version 1.4 (2016-11-17)

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).

Version 1.3 (2016-09-19)

Element Element version Notes
C15031 template 1.3 Removed variance checks from Table 1 (for Head 3 and below and totals), totals from table 3 and all from table 4.
Derived field specifications N/a The Derived field specifications have been added under the 'Downloadable files' section.

Version 1.2 (2016-08-30)

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.

Version 1.1 (2016-06-21)

Element Element version Notes
All documentation N/a All instances of DEL (NI) have been amended to DfE (NI) in the template and the guidance, reflecting the name change of this organisation to Department for Education (Northern Ireland).
C15031 template 1.1 The C15031 template has been amended to include the following changes:
  • Two additional heads under Table 4, Head 3e 'Capital grant income' and Head 5c 'Capital grants receipts', to reflect changes made to the SORP Model Financial Statements.
  • Additional rows have been added to Table 1 Head 9 'Taxation' due to the splitting out of Head 9a 'Taxation on Research and Development Expenditure Credit' and Head 9b 'Other taxation'.
  • Table 5 Head 6 'Income from restricted endowments held by the provider' has been removed, as this is no longer required by the SORP.
Data collection schedule 1.0 The Data collection schedule has been added under the 'Overview' section.

Version 1.0 (2016-02-08)

Element Element version Notes
C15031 template 1.0 This release also includes an updated version of the C15031 template, which includes changes following an update to the SORP Model Financial Statement and feedback gained during the review process. HEPs are invited to review and provide further feedback on the template if they find any issues.
All table documentation 1.0 The full documentation for the C15031 Finance tables have been added to the coding manual, including all changes made to the collection since the 2014/15 collection.

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