Finance record 2019/20 - Table 6: Income analysed by source

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Version 1.3 Produced 2021-02-26

Contents:

Table 6 provides a further analysis of the main income headings in Table 1. The totals for each of the main income headings must be the same as those in the audited financial statements. This should include income from jointly controlled operations, but not income from jointly controlled entities which is included in Table 1, Head 6. Further details can be found in the FE/HE SORP (2019), section 9.

Head 1 (Tuition fees and education contracts)

This Head is automatically populated from Table 5, Head 5 (Tuition fees and education contracts analysed by domicile, mode, level and source).

Head 2 (Funding body grants)

This Head is automatically populated from the relevant funding body grants table, which is country specific, please refer to Table 6 - Funding body grants (country specific) for more information.

Head 3 (Research grants and contracts)

This Head is automatically populated from Table 4 (Research grants and contracts: breakdown by source of income and HESA cost centre).

Sub head 3ai (BBSRC)is automatically populated from Table 4, Head 4, column 1a.

Sub head 3aii (MRC) is automatically populated from Table 4, Head 4, Column 1b.

Sub head 3aiii (NERC) is automatically populated from Table 4, Head 4, column 1c.

Sub head 3aiv (EPSRC) is automatically populated from Table 4, Head 4, Column 1d.

Sub head 3av (ESRC) is automatically populated from Table 4, Head 4, column 1e.

Sub head 3avi (AHRC) is automatically populated from Table 4, Head 4, Column 1f.

Sub head 3avii (STFC) is automatically populated from Table 4, Head 4, column 1g.

Sub head 3aviii (UKRI) is automatically populated from Table 4, Head 4, Column 1h.

Sub head 3ix (Other) is automatically populated from Table 4, Head 4, column 1i.

Sub head 3x is automatically populated and is calculated as the sum of sub heads 3i to 3aix.

Sub head 3b (UK based charities (open competitive process)) is automatically populated from Table 4, Head 4, column 2.

Sub head 3c (UK based charities(other)) is automatically populated from Table 4, Head 4, Column 3.

Sub head 3d (UK central government bodies/local authorities, health and hospital authorities) is automatically populated from Table 4, Head 4, column 4.

Sub head 3e (UK central government tax credits for research and expenditure) is automatically populated from Table 4, Head 4, Column 5.

Sub head 3f (UK industry, commerce and public corporation) is automatically populated from Table 4, Head 4, column 6.

Sub head 3g (UK other sources) is automatically populated from Table 4, Head 4, Column 7.

Sub head 3h (UK Total sources) is automatically populated and is calculated as the sum of sub heads 3ax and sub heads 3b to 3g.

Sub head 3i (EU government bodies) is automatically populated from Table 4, Head 4, column 8.

Sub head 3j (EU based charities (open competitive process)) is automatically populated from Table 4, Head 4, column 9.

Sub head 3k (EU industry, commerce and public corporation) is automatically populated from Table 4, Head 4, column 10.

Sub head 3l (EU (excluding UK) other sources) is automatically populated from Table 4, Head 4, Column 11.

Sub head 3m (Total EU sources (excluding UK) is automatically populated and is the sum of sub heads 3i to 3l.

Sub head 3n (Non-EU based charities (open competitive process)) is automatically populated from Table 4, Head 4, column 12.

Sub head 3o (Non-EU industry, commerce and public corporation) is automatically populated from Table 4, Head 4, column 13.

Sub head 3p (Non-EU Other) is automatically populated from Table 4, Head 4, column 14.

Sub head 3q (Total Non- EU sources) is automatically populated and is calculated as the sum of sub heads 3n to 3p.

Sub head 3r (Total research grants and contracts) is automatically populated and is calculated as the sum of sub heads 3h,3m and 3q.

Head 4 (Other income)

Sub-head 4a (Other services rendered)

This Sub-head should include income in respect of services rendered to outside bodies, including the supply of goods and consultancies.

4ai (UK public sources (BEIS Research Councils, UK central government/local authorities, health & hospital authorities and EU government bodies)

Sub-head 4ai should include all non-research income from UK central government bodies, non-departmental public bodies, UK local authorities, UK health and hospital authorities, except any included under Head 1. Income received for the funding of posts in clinical and non-clinical academic departments should not be included under this head, but included under sub-head 4d. For providers in Wales, Scotland and Northern Ireland the return of the Government Job Retention Scheme (Furlough) should also be recorded here.

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 4h.

Knowledge Transfer Account (KTA) income should also be included under sub-head 4ai.

4aii (EU sources)

Sub head 4aii should include all non-research income from EU sources for other services provided to outside bodies. This includes the supply of goods and consultancies but excludes income from EU government bodies.

4aiii (Other)

Sub head 4aiii 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 or 4aii.

Sub-head 4b (Residences and catering operations (including conferences))

Sub-head 4b should include the gross income from residences, catering and conference operations split between sub-head 4bi (Residences) and sub-head 4bii (Catering operations). Income from third party residences, for example through nominations, should be returned under sub-head 4a (Other services rendered).

Sub-head 4c (Grants from local authorities)

Sub-head 4c should include non-research revenue grants from local authorities. Non-research capital grants from local authorities should be returned under sub-head 4f. Research grants from local authorities should be returned in Table 4.

Sub-head 4d (Income from health and hospital authorities (excluding teaching contracts for student provision))

Sub-head 4d should include all recognised income 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 4.

Income for teaching contracts should be returned as fee income in Table 5 rather than under this Sub-head.

Sub-head 4e (Other EU grant income)

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 sub-head. 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 8 (EU government bodies) of Table 4.

Sub-head 4f (Capital grants recognised in the year)

A HEP may be awarded a capital grant from a source other than a Funding Council to finance, or partly finance, the construction or acquisition of a fixed asset. The treatment of these capital grants will depend on whether the HEP has applied the accrual or performance model, under FRS 102 and the FE/HE SORP (2019). The balance returned here should include both capital grants recognised in the year under the performance model, and income from capital grants recognised in the year, under the accruals model.

Capital grants for the purpose of research from sources other than the four UK funding bodies should be returned under the relevant column in Table 5. Capital grants from the four UK funding bodies should be returned under the appropriate Sub-head(s) in the relevant Table 6 (Funding body grants), which is country specific.

Sub-head 4g (Income from intellectual property rights)

Sub head 4g should include all recognised income from intellectual property rights such as licences and patents.

Sub-head 4h (Other operating income)

This should include all other operating income not covered by sub heads 4a to 4g. Information supplied on City Deal and Coronavirus job retention scheme funding (CJRS) is now shown in the Scottish Table as memorandum only.

Sub-head 4i (Total other income)

Sub head 4i is automatically populated and is the sum of sub heads 4aiv,4biii and the sum of sub heads 4c to 4h.

Head 5 (Investment income)

Head 5 should include: investment income from endowment funds; other investment income and other interest receivable. Gains or losses on the value of investments held by the endowment fund is recorded within Table 1, Head 5.

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 investment income, or, if a net debit, within interest and other finance costs (Table 7 Head 7, Column 7).

Head 6 (Total income before donations and endowments)

Head 6 is automatically calculated and the figure is linked directly into Table 1.

Head 7 (Donations and endowments)

Head 7 should show donations and endowments received by the HEP.

Head 8 (Total income)

Head 8 is automatically populated and calculates the Total income for the HEP.

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