Financial data relates to the institutions’ financial year, i.e. 1 August 2003 to 31 July 2004.
Financial data relates to the institutions’ financial year, i.e. 1 August 2002 to 31 July 2003.
Financial data relates to the institutions’ financial year, i.e. 1 August 2001 to 31 July 2002.
Financial data relates to the institutions’ financial year, i.e. 1 August 2000 to 31 July 2001.
Funding council grants
Funding council grants include those from the Higher Education Funding Council for England (HEFCE), the Higher Education Funding Council for Wales (HEFCW), the Scottish Higher Education Funding Council (SHEFC), the Teacher Training Agency (TTA) and the Department for Employment and Learning Northern Ireland (DELNI).
Grants for higher education (HE) provision includes recurrent grants and capital grants as defined below in respect of higher education (HE) provision, except in Scotland where this category also includes grants for further education (FE) provision.
Recurrent grants includes the block grant (or main and associated grants) for teaching (Recurrent (Teaching)), research (Recurrent (Research)) and other recurrent grants (Recurrent - Other (including special funding)) as shown in the annual grant letter or additional grant letter from the funding councils.
Release of deferred capital grants includes the release of deferred capital grants from the funding councils in respect of estate project funding and minor work grants (building), and equipment grants, for the purchase of assets that have been capitalised.
Grants for FE provision includes all funding council grants for the provision of FE. Grants from HE funding councils and FE funding councils are added together. This category does not apply to SHEFC funded institutions, as they do not receive separately identified grants for non-advanced/FE provision.
Tuition fees and education grants and contracts
This includes all income received in respect of fees for students on courses for which fees are charged. Where fees are waived in whole or in part, the income due though not received is included.
Full-time HE fees – standard rates includes standard fees for full-time and sandwich degree, diploma and similar award-bearing courses for home and European Union domiciled students.
Full-time HE fees – non-standard rates includes all other fees for full-time and sandwich degree, diploma and similar award-bearing courses for home and European Union domiciled students.
Part-time HE fees includes fees for part-time degree, diploma and similar award-bearing courses for home and European Union domiciled students.
Overseas (non-EU) domicile fees includes fees for all degree, diploma and similar award-bearing courses for non-home and non-European Union domiciled students.
Non-credit bearing course fees includes all fee income received in respect of non-credit bearing liberal adult education, continuing education or extra-mural courses.
FE course fees includes fee income received for the provision of FE/non-advanced courses.
Research training support grants includes all grants made by research councils and other bodies in support of the training of research students. This includes bench fees and Collaborative Awards in Science and Engineering (CASE) awards. It also includes income from the Engineering and Physical Sciences Research Council (EPSRC) in respect of their Doctoral Training Grants (or similar postgraduate grants from other research councils) including the tuition fee element.
Source of fees are grouped into three categories comprising: The Student Loans Company (SLC), Local Education Authority (LEA), Student Awards Agency for Scotland (SAAS) or the Department for Employment and Learning, Northern Ireland (DELNI); Department of Health (including the National Health Service (NHS) Workforce Development Confederations and NHS Trusts), Regional Offices of the NHS Executive (RONE) or the Scottish Home and Health Department (SHHD); or other sources not covered above, including individual students.
Research grants and contracts
This includes all income in respect of externally sponsored research carried out by the institution or its subsidiary undertaking for which directly related expenditure has been incurred.
OST research councils
includes all income from research grants and contracts from research councils covered by the Office of Science and Technology (OST). They are:
Biotechnology & Biological Sciences Research Council (BBSRC)
Natural Environment Research Council (NERC)
Engineering & Physical Sciences Research Council (EPSRC)
Economic & Social Sciences Research Council (ESRC)
Particle Physics & Astronomy Research Council (PPARC)
Medical Research Council (MRC).
Research income from the British Academy and the Arts and Humanities Research Board is also included under this heading.
UK based charities includes all research grants and contracts income from all charitable foundations, charitable trusts, etc. based in the UK which are registered with the Charities Commission or those recognised as charities by the Inland Revenue in Scotland.
UK central government bodies, local authorities, health & hospital authorities includes all research grants and contract income from UK central government bodies, UK local authorities and UK health and hospital authorities, except research councils and UK public corporations. This includes government departments, Northern Ireland departments and other organisations financed from central government funds. Also non-departmental public bodies (NDPBs) such as the British Council and the Royal Society are included in this section.
UK industry, commerce & public corporations includes all research grants and contracts income from industrial and commercial companies and public corporations (defined as publicly owned trading bodies, usually statutory organisations with a substantial degree of financial independence) operating in the UK.
EU government bodies includes all research grants and contracts income from all government bodies operating in the European Union, which includes the European Commission (unless shown separately), excluding bodies in the UK.
EU other includes all research grants and contracts income from all non-government bodies operating in the EU, excluding bodies in the UK.
Other overseas sources includes all research grants and contracts income from overseas bodies operating outside the EU.
Other sources includes all research grants and contracts income not covered above. This includes income from other higher education institutions (HEIs) where the HEI is the original contractor.
Where Research grants & contracts are further broken down into the Income activities of academic departmental cost centres, Academic services and Administration & central services, the definitions of these activities are the same as those of the same name found under the Expenditure activities header below.
Other income - other services rendered
This includes all income in respect of services rendered to outside bodies, including the supply of goods and consultancies.
Course validation fees includes all validation fees for courses such as those run by other institutions.
Knowledge Transfer Partnerships includes all income received to enable collaboration between universities and industry on strategic, high-level research projects. Knowledge Transfer Partnerships (KTP) have replaced Teaching Company Schemes (TCS) in the UK.
UK central government bodies, local authorities, health & hospital authorities includes all non-research income from UK central government bodies, non-departmental public bodies, UK local authorities and UK health and hospital authorities, except any included under tuition fees & education grants & contracts, course validation fees or teaching companies.
UK industry, commerce & public corporations includes all non-research income for services rendered to industrial and commercial companies and public corporations operating in the UK.
EU government bodies includes all non-research income from all government bodies operating in the EU, including the European Commission but excluding the UK. European Social Fund grants are included in this category.
EU other includes all non-research income from all non-government bodies operating in the EU, excluding the UK.
Other overseas sources include all non-research income from bodies operating outside the EU.
Other sources includes all non-research income for services rendered not covered above.
Other income - other
Residences & catering operations includes the gross income from residences, catering and conference operations.
Grants from local authorities includes income from local authorities providing capital or revenue for the purpose to which the grant will be applied.
Income from health & hospital authorities includes income received from UK health or hospital authorities for the funding of any employees of the institution, in both clinical and non-clinical academic departments, except those relating to the provision of a service, and research.
Release of deferred capital grants includes an institution’s capital grant from a source other than a funding council, to finance, or partly finance, the construction or acquisition of a fixed asset.
Income from intellectual property rights includes all income received from intellectual property rights such as licences and patents.
Other operating income includes all other operating income not covered above such as Trans-European Mobility Scheme for University Studies (TEMPUS) and European Community Action Scheme for the Mobility of University Students (ERASMUS) grants.
Where the heading Other income appears, this may be taken to mean Other Income - Other services rendered plus Other Income - Other as defined above, unless shown separately.
Endowment and investment income
Specific endowments includes the appropriate amount of the income from the investment of specific endowments necessary to match the expenditure incurred on the purpose for which the specific endowment was provided.
General endowments includes the full amount of the income from the investment of general endowments. This includes the income earned from the capital of the endowment whether arising from the interest or dividends on investments, bank interest or rents from real property.
Interest receivable includes interest receivable on, and the net surplus or deficit from the realisation or revaluation of short-term investments, the surplus or deficit on the realisation of investments held as long-term funds and all other interest received or receivable, unless shown separately.
Staff costs
Staff costs cover all, and only, those full-time and part-time staff holding contracts of employment with the institution and includes any redundancy or restructuring payments made to these staff.
Academic staff costs includes costs in respect of academic staff, defined as staff whose primary function is teaching and/or research, paid from within the budgets of academic departments and allocated to the appropriate cost centre.
Other staff costs includes costs in respect of all other staff paid from within the budgets of academic departments and allocated to the appropriate cost centre.
Other operating costs
Other operating expenses includes costs in respect of payments to non-contracted staff or individuals, all other non-staff costs incurred, except for depreciation and interest payable. Equipment that has not been depreciated, expenditure on maintenance contracts and telephone costs (calls, rental and non-capitalised equipment) if not charged to departments, are also included in this category.
Depreciation includes depreciation costs on equipment capitalised according to where the assets being depreciated are located.
Interest payable includes costs in respect of interest payable on premises, residences and catering operations and other expenditure.
Academic departmental cost centres
This includes all expenditure directly incurred by or on behalf of academic departments (including departments of continuing education) and expenditure incurred in connection with special and short courses, which is not reimbursable by research councils or other bodies in respect of work carried out on their behalf. There are 40 departmental cost centres to which this expenditure can be attributed. They are:
01 Clinical medicine
02 Clinical dentistry
03 Veterinary science
04 Anatomy & physiology
05 Nursing & paramedical studies
06 Health & community studies
07 Psychology & behavioural sciences
08 Pharmacy
09 Pharmacology
10 Biosciences
11 Chemistry
12 Physics
13 Agriculture & forestry
14 Earth, marine & environmental sciences
15 General sciences
16 General engineering
17 Chemical engineering
18 Mineral, metallurgy & materials engineering
19 Civil engineering
20 Electrical, electronic & computer engineering
21 Mechanical, aero & production engineering
22 Other technologies
23 Architecture, built environment & planning
24 Mathematics
25 Information technology & systems sciences
26 Catering & hospitality management
27 Business & management studies
28 Geography
29 Social studies
30 Librarianship, communication & media studies
31 Language based studies
32 Humanities
33 Design & creative arts
34 Education
35 French, Spanish & German modern languages
36 Other modern languages
37 Archaeology
38 Sports science & leisure studies
39 Computer software engineering
41 Continuing education.
Academic services
This includes expenditure incurred on centralised academic services such as the library, learning resource centres and central computers, etc.
Central libraries & information services includes expenditure in all libraries and learning resource centres (whether they are under the control of the institution’s librarian or not). This includes expenditure in binderies, on audio-visual aids, television, slide and tape production, photography and language centres.
Central computer & computer networks includes gross recurrent expenditure (including that from Joint Information Systems Committee (JISC) grants) in respect of central non-administrative non-library institutional computers. Maintenance costs, operating costs, materials costs and the pay of staff involved in managing and running the installation(s) are also included in this category.
Other academic services includes expenditure on museums, galleries and observatories except those run by academic departments and expenditure on any other general academic services not covered above, e.g. radiation protection, international liaison office and industrial liaison.
Administration and central services
This includes expenditure incurred on central administration, general educational expenditure and staff and student facilities and amenities.
Central administration & services includes expenditure in respect of central administrative staff and such payments to Heads of Institutions, Professors, Deans, Tutors, Faculty Officers and the like as are made in respect of central (as distinct from departmental) administrative work. This category also includes expenditure associated with the running costs of an administrative computer and the following other costs if not charged to their relevant cost centre: public relations, advertising and recruitment, removal expenses of all staff, publications (excluding educational publications), advisors, contributions to organisation and methods unit, security of wages, bank charges, central postage, superannuation management, expenses of head of organisation, legal and audit fees, general insurance costs not included elsewhere and telephone costs where centrally charged.
General educational expenditure includes expenditure incurred on examinations, fellowships, scholarships, prizes and other expenditure of a general educational nature. It includes the direct costs of examinations for example of external examiners, salaries, printing, etc. Also included are provisions for bad debts in respect of unpaid fees and the following items that cannot be appropriately charged elsewhere: educational publications, public lectures and exhibitions, subscriptions and contributions to learned societies and representative bodies, works of art, research projects, representation at conferences, explorations and expeditions, administration of non-departmental arts centres, schools liaison and student recruitment costs from home and overseas.
Staff & student facilities includes expenditure incurred on the provision of facilities and amenities for the use of students and/or staff, e.g. Careers Advisory Service, all grants to student societies, emoluments to wardens of halls of residence, accommodation office, athletic and sporting facilities (excluding maintenance) and the institution’s health service.
Premises
This includes all expenditure incurred (whether centrally or departmentally) on the maintenance of premises (including academic buildings, central academic services, art centres, institution’s health service premises, pavilions, sports buildings, etc) and on roads and grounds except residences and catering. Staff concerned with building maintenance, including estates administrative staff, are included in this category.
Residences and catering operations
This includes the gross expenditure incurred in providing the residence, catering and any conference operations, including the cost of maintenance of residential and catering premises, salaries and any other identifiable costs relating to these operations. The depreciation costs and financing costs of these operations are included in appropriate categories of expenditure.
Research grants and contracts
This includes the total of the direct costs attributed to research grants and contracts as detailed for research grants and contracts income.
Other expenditure
This includes the total direct costs attributed to other services rendered and all other expenditure not covered above.
The financial profiles in this section are compiled using information provided to HESA as part of the HESA Finance Statistics Record (FSR). They were first published in 1996 as an appendix to HESA’s Reference Volume: Resources of Higher Education Institutions 1994/95.
The FSR includes detail of each institution’s income and expenditure, balance sheet information and consolidated cash flow. These are all consistent with the institution’s published accounts and prepared in accordance with the Statement of Recommended Practice: Accounting in Higher Education Institutions.
The institutional financial profiles shown consist of a set of ratios extracted from the FSR. They are not performance indicators and take no account of institutional characteristics such as the range of subjects taught or the types of provision.
1. Ratio of liquid assets to current liabilities
Numerator:
Liquid assets are taken as current assets; investments plus current assets; cash at bank and in hand.
Denominator:
Current liabilities are taken as creditors: amounts falling due within one year.
2. Days ratio of net liquid assets to total expenditure
Numerator:
Net liquid assets are taken as current assets; investments plus current assets; cash at bank and in hand, minus creditors falling due within one year; bank overdrafts.
Denominator:
Total expenditure.
3. Ratio of current assets to current liabilities
Numerator:
Current assets, including; stocks, debtors, investments and cash at bank and in hand.
Denominator:
Current liabilities are taken as creditors: amounts falling due within one year.
4. Days of current income (excluding funding council income) represented by debtors
Numerator:
Current income represented by debtors is taken as current assets; debtors.
Denominator:
Current income is taken as total income minus funding council grants for HE provision (Note: Scottish Higher Education Funding Council (SHEFC) grants are for all provision).
Funding council grants for HE provision includes recurrent grants for teaching, recurrent grants for research, other recurrent grants, grants for special initiatives, capital grants for buildings and capital grants for equipment.
5. Days ratio of increase/(decrease) in cash & cash equivalents to total expenditure
Numerator:
Net cash flow from financing plus cash outflow before use of liquid resources and financing.
Denominator:
Total expenditure.
6. Days ratio of net cash flow from operating activities plus returns on investment & servicing of finance to total expenditure
Numerator:
Net cash flow is taken as net cash inflow/(outflow) from operating activities plus net cash inflow from returns on investments and servicing of finance.
Denominator:
Total expenditure.
7. Percentage ratio of total payroll costs to total expenditure
Numerator:
Total payroll costs are taken as expenditure; staff costs.
Denominator:
Total expenditure.
8. Percentage ratio of historical surplus/(deficit) after tax to total income
Numerator:
Historical surplus/(deficit) after tax.
Denominator:
Total income.
9. Days ratio of total general funds to total expenditure
Numerator:
Total general funds are taken as endowments; general plus reserves; general reserve.
Denominator:
Total expenditure.
10a. Percentage ratio of long-term liabilities to total general funds
Numerator:
Long-term liabilities are taken as creditors: amounts falling due after more than one year.
Denominator:
Total general funds are taken as endowments; general plus reserves; general reserve.
10a i. Percentage ratio of long-term liabilities (reimbursable by the funding council) to total general funds
Numerator:
Long-term liabilities are taken as creditors: amounts falling due after more than one year (reimbursable by the funding council).
Denominator:
Total general funds are taken as endowments; general plus reserves; general reserve.
10a ii. Percentage ratio of long-term liabilities (not reimbursable by the funding council) to total general funds
Numerator:
Long-term liabilities are taken as creditors: amounts falling due after more than one year (external borrowing plus other).
Denominator:
Total general funds are taken as endowments; general plus reserves; general reserve.
12. Percentage ratio of interest payable to total income
Numerator:
Interest payable is taken as expenditure; interest payable.
Denominator:
Total income.
13. Percentage ratio of premises (excluding residences & catering) maintenance expenditure to total expenditure
Numerator:
Premises maintenance expenditure is taken as expenditure by activity: premises; including repairs and maintenance plus long-term maintenance provision charge.
Denominator:
Total expenditure.
14. Percentage ratio of grants from higher education funding councils (HEFCs) to total income
Numerator:
Grants from HEFCs are taken as funding council grants for HE provision (Note: SHEFC grants are for all provision).
Funding council grants for HE provision includes recurrent grants for teaching, recurrent grants for research, other recurrent grants, grants for special initiatives, capital grants for buildings and capital grants for equipment.
Denominator:
Total income.
15. Percentage ratio of “T” grant from HEFCs to total income
Numerator:
“T” Grant from HEFCs is taken as funding council recurrent teaching grants for HE provision (Note: SHEFC grants are for all provision).
Denominator:
Total income.
16. Percentage ratio of “R” grant from HEFCs to total income
Numerator:
“R” Grant from HEFCs is taken as funding council recurrent research grants for HE provision (Note: SHEFC grants are for all provision).
Denominator:
Total income.
17. Percentage ratio of full-time home/European Community (EC) HE standard rate student fees to total income
Numerator:
Full-time home/EC HE standard rate student fees are taken as: tuition fees & education contracts; HE course fees; Standard rate fees for full-time postgraduates and full-time undergraduates.
Denominator:
Total income.
18. Percentage ratio of all overseas, full-cost and other HE student fees to total income
Numerator:
All overseas, full-cost and other HE student fees are taken as: tuition fees & education contracts; HE course fees; Non-standard rate fees for full-time postgraduates and full-time undergraduates
plus
tuition fees & education contracts; HE course fees; part-time student fees
plus
tuition fees & education contracts; HE course fees; Overseas (Non-EC) domicile student fees.
Denominator:
Total Income
19. Percentage ratio of income from research councils and charities to total income
Numerator:
Income from research councils and charities is taken as research grants & contracts; from the Office of Science and Technology (OST) research councils and UK based charities.
Denominator:
Total income.
20. Percentage ratio of income from other research grants & contracts to total income
Numerator:
Income from other research grants & contracts is taken as research grants & contracts from all of:
UK government bodies, health & hospital authorities
UK industry, commerce & public corporations
EU government bodies
EU other
Other overseas
Other sources.
Denominator:
Total income.
21. Percentage income from other services rendered to total income
Numerator:
Income from other services rendered is taken as other income: other services rendered, including income from; course validation fees, teaching companies, UK government bodies, health & hospital authorities, UK industry, commerce & public corporations, EU government, EU other, other overseas and from other sources.
Denominator:
Total income.
22. Percentage ratio of residences & catering income to total income
Numerator:
Residences & catering income is taken as other income: residences and catering operations.
Denominator:
Total income.
23. Percentage ratio of miscellaneous income to total income
Numerator:
Miscellaneous income is taken as funding council grants for FE provision (Note: not applicable to SHEFC),
plus
tuition fees & education contracts; non-credit-bearing course fees, FE course fees, and research training support grants,
plus
other income; including that from grants from local authorities, income from health & hospital authorities, income released from deferred capital grants, income from intellectual property rights, profit on disposal of tangible fixed assets and other operating income,
plus
endowment and investment income; including that transferred from specific endowments, income from general endowment asset investments, income from investment of short-term funds, realisation of investments held as long-term funds, and other interest receivable.
Denominator:
Total Income.