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Finance record 2017/18 - Finance Table 7: Funding body grants (country specific)

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Version 1.1 Produced 2018-11-15

Contents:

    Table 7 Funding body grants - England

  1. Table 7 Funding body grants provides a further analysis of the main income head in Table 1. The total must be the same as that returned in the financial statements, and should include income attributable to a share in jointly controlled operations.
  2. Funding from Jisc should be included under this Head, under Sub-head 1c or 1f, as appropriate.
  3. Sub-head 1a (HEFCE/Office for Students teaching grant)

  4. Should contain the total recurrent grant for teaching, including student opportunity funding and other targeted allocations, as shown in the annual grant letter or additional grant letter from OfS.
  5. Sub-head 1b (HEFCE/Research England research grant)

  6. Should contain the total recurrent grant for research as shown in the annual grant letter or additional grant letter from OfS. No distinction between the different components of research funding is required.
  7. Sub-head 1c (HEFCE/Office for Students/Research England other grants)

  8. 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 OfS. Capital grants awarded by OfS should be returned under Sub-head 1f.
  9. Sub-head 1d (ESFA funding)

  10. Should include all funding provided by the Education and Skills Funding Agency (ESFA), apart from any capital grants awarded from the ESFA which should be returned under Sub-head 1f.
  11. Sub-head 1e (NCTL funding)

  12. Should include all funding provided by the National College for Teaching and Leadership (NCTL), apart from any capital grants awarded from the NCTL which should be returned under Sub-head 1f.
  13. Sub-head 1f (Capital grants recognised in the year)

  14. Should include amounts relating to a specific capital grant awarded from OfS, the NCTL or the SFA. The treatment will depend on whether the provider has applied the accrual or performance model, under FRS 102 and the FE/HE SORP (2015). The balance returned should 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 accruals model.
  15. Should include capital grants from OfS, such as: the Research Capital Investment Fund (RCIF); the Catalyst Fund; and the funding body element of the UK Research Partnership Investment Fund (UKRPIF). Capital grants from the NCTL, and the SFA should also be returned here.
  16. The HEP should return research income from the Newton Fund under the delivery partner. If the delivery partner is OfS, this should be returned under OfS research grants (Head 1b). [In other cases the delivery partner will be a research council or government department, and then the research income should be returned on Table 5 under the appropriate column.]

    Table 7 Funding body grants - Northern Ireland

  1. 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).
  2. Sub-head 1a (Recurrent (teaching))

  3. 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.
  4. Sub-head 1b (Recurrent (research))

  5. 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.
  6. Sub-head 1c (Recurrent - Other (including non-recurrent special funding))

  7. 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.
  8. Sub head 1d (Capital grants recognised in the year)

  9. 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 - Scotland

    Sub-head 1a (General fund teaching)

  1. 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.
  2. Sub-head 1b (General fund research and knowledge exchange)

  3. 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.
  4. Sub-head 1c (Ring-fenced grants)

  5. Should include all ring-fenced grants for controlled subjects of medicine, dentistry, initial teacher education and nursing and midwifery.
  6. Sub-head 1d (Strategic funds)

  7. 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.
  8. Sub-head 1e (SFC Capital maintenance grant)

  9. Should include the total SFC Capital Maintenance grant as shown in the outcome agreement as applied to non-capitalised expenditure.
  10. Sub-head 1f (Capital grants recognised in the year)

  11. 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.
  12. Sub-head 1g (Grants for FE provision)

  13. Should include SFC grants for FE provision paid out of the FE budget (UHI and SRUC).

    Table 7 Funding body grants - Wales

  1. 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.
  2. 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.
  3. Heads 1a - 1d (Teaching grants)

  4. 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.
  5. Head 1e (QR and PGR Funding)

  6. 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.
  7. Head 1f (Non formula funding grant)

  8. 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.
  9. Head 1g (Capital grants recognised in the year - equipment)

  10. 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.
  11. Head 1h (Capital grants recognised in the year - estates)

  12. 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.
  13. Head 1i (DfES recurrent grants)

  14. Should include all grants received from the Department for Education and Skills (DfES).
  15. Head 2 (Welsh European Funding Office (WEFO) grants)

  16. 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.

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