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Finance record 2019/20 - Finance Table 6: Funding council grants and other income (specific countries)

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Version 1.3 Produced 2021-02-26

Contents:

    Table 6 Funding body grants - Northern Ireland

  1. Table 6 NI provides a further analysis of funding body grants, Head 2 of Table 6. 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. Sub head 1a should show 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. Sub head 1b should show 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. Sub head 1c 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. Sub head 1d 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 7 under Sub-Head 4b (Premises).

    Table 6 Funding body grants and other income – Scotland

    Head 1

    Head 1 should show further analysis of funding council grants. Total funding council grants automatically populates Head 2 in Table 6.

    Sub-head 1a (General fund teaching)

  1. Sub head 1a should show 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. Sub head 1b should show 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. Sub head 1c 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. Sub head 1d 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. Sub head 1e 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. Sub head 1f 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 (2019). 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).
  14. Sub-head 1h (Total funding body grants)

  15. Sub head 1h is automatically populated and is calculated as the sum of sub heads 1a to 1g.
  16. Head 2 (Other operating income)

    Head 2 should show additional requirement for Scottish HEP’s.

    Sub-head 2a (Coronavirus job retention scheme funding)

  17. HEPs in Scotland are to enter any income relating to the Coronavirus job retention scheme funding (CJRS) claimed in this period. This is in memorandum only.
  18. Sub-head 2b (City deal funding)

  19. HEPs in Scotland should Enter any income relating to City Region Deal.  More information on the scheme can be found https://www.gov.scot/policies/cities-regions/city-region-deals/. This is in memorandum only.
  20. Head 3 (Number of staff on furlough)

  21. The number of staff on furlough should be returned in full time equivalent values up to two decimal places.

    Table 6 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. Sub head 1a to 1d should show 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. Sub head 1e should show 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. Sub head 1f 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. Sub head 1g 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. Sub head 1h 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. Sub head 1i should include all grants received from the Department for Education and Skills (DfES).
  15. Sub head 1j is automatically populated and is calculated as the sum of sub heads 1a to 1i.
  16. Head 2 (Total Welsh European Funding Office (WEFO) grants receivable in the year (MEMO only))

  17. Head 2 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 4.

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