Notes to tables - Finances 2011/12
In tables where comparisons are made between HESA FSR figures for the latest financial year 2011/12 and the previous financial year(s), the figures for the previous financial year(s) are those reported in the re-stated financial statements.
- The list of institutions in the HESA products for 2011/12 has changed:
- Leeds College of Art joined the HE sector
- Leeds College of Music left the HE sector
- Edinburgh College of Art merged with The University of Edinburgh
- The School of Pharmacy merged with University College London in January 2012. Both institutions continued to make separate returns for the 2011/12 HESA reporting period. See Note 8 for more details. A single return will be made in 2012/13.
- The following institution has changed its name in the HESA products for 2011/12:
- Scottish Agricultural College changed to SRUC.
- University of London is a confederal organisation. The colleges of the university, shown separately in the HESA reference volumes, are:
- Birkbeck College
- The Institute of Cancer Research
- Central School of Speech and Drama
- Courtauld Institute of Art
- Goldsmiths College
- Heythrop College
- Institute of Education
- King’s College London
- London Business School
- London School of Economics and Political Science
- London School of Hygiene and Tropical Medicine
- Queen Mary and Westfield College
- Royal Academy of Music
- Royal Holloway and Bedford New College
- The Royal Veterinary College
- St. George’s Hospital Medical School
- The School of Oriental and African Studies
- The School of Pharmacy
- University College London.
In addition, the institutes within the umbrella of University of London (Institutes and activities) are:
- University of London Institute in Paris
- University Marine Biological Station, Millport
- School of Advanced Study comprises:
- Institute of Advanced Legal Studies
- Institute of Classical Studies
- Institute of Commonwealth Studies
- Institute of English Studies
- Institute of Germanic Studies and Romance Studies
- Institute of Historical Research
- Institute of Musical Research
- Institute of Philosophy
- Institute for the Study of the Americas
- Warburg Institute.
The University of Buckingham publishes audited accounts to 31 December each year. Consequently, the income and expenditure in these finance data are prepared from management accounts spanning two financial years, which can be reconciled to the published accounts for 2011 and 2012.
The FSR submissions for The University of East Anglia and The University of Essex include figures for income, net return, net assets and deferred capital grants for the University Campus Suffolk, which is a 50:50 joint venture between these two universities.
The 2011/12 HESA FSR submission for the University of Glamorgan is based on the institutions' draft consolidated financial statement.
The School of Pharmacy merged with University College London in January. Both institutions continued to make separate returns for the 2011/12 HESA reporting period. However, The School of Pharmacy provided a partial Finance Statistics Return (FSR) covering the period 1 August 2011 to 31 December 2011. The FSR for the period 1 January 2012 to 31 July 2012 has been included in the FSR figures of the University College London. This should be taken into account when analysing either The School of Pharmacy or University College London 2011/12 FSR data.
The Conservatoire of Dance and Drama in error omitted some of their capital expenditure for 2011/12 from FSR Table 8. They should have included £8K under 2b Other operations, Equipment. This figure is reported in their Consolidated cash flow statement.
Bath Spa University misreported £500K in capital expenditure in FSR Table 8, Other operations: Buildings, Internal funds. The figure should read £2924K instead of £3424K. The Residences and catering operations: Buildings, Internal funds capital expenditure should read £500K instead of £0. As a result their data has been suppressed from table 12 and removed from sector totals.
- In 2011/12 The University of Newcastle-upon-Tyne misreported their capital expenditure in FSR Table 8. As a result their data has been suppressed from table 12 and removed from sector totals. The HEI has provided corrected figures which are shown in Table 12 The University of Newcastle-upon-Tyne amendment.
© Higher Education Statistics Agency Limited 2013