Joint venture is an entity in which the reporting HE provider holds an interest on a long-term basis, and is jointly controlled by the HE provider and one or more ventures under a contractual arrangement. Net income is total income less the share of income in joint venture(s). Less: share of income in joint venture(s) is used to deduct the share of income in joint venture(s) from the total income. it includes income attributable to a share in joint venture(s). Total income identifies the gross income position, i.e. This is not applicable for providers in England from 2018/19. Total income before donations and endowments is total income less any donations and endowment capital. it includes donations (with or without restrictions) and endowment capital. In older years of data, students have been returned at its administrative centre which is located in the South East of England and is counted as a wholly English provider. Please note that in an all published student data outputs for 2013/14 onwards, students enrolled at the Open University have been split into its four country campuses in England, Wales, Scotland and Northern Ireland. Regions in this context are the nine England Regions (formerly Government Office Regions) and Wales, Scotland and Northern Ireland. HESA allocates HE providers to Regions as follows: There may be students registered at HE providers who are studying in regions other than that of the administrative centre of the HE provider. The allocation of an HE provider to a geographical region is done by reference to the administrative centre of that HE provider. Ī colour-coded combined template (xlsx) to show the differences is available as a downloadable Excel workbook.Īll values in the record are returned in units of £1,000 and where necessary rounded to the nearest £1,000. This coding manual contains guidance to HE providers for the return of their finance data, and includes all supporting documentation.Ī copy of the template used by HE providers in England to return their data to the OfS can be downloaded from the OfS website. The complete coding manual can be viewed here. The Finance record uses the principles in the FEHE SORP to report the financial statements in greater detail than is required for published financial statements.Ī copy of the c20031 template.xlsx, used by HE providers in Wales, Scotland and Northern Ireland to return their data to HESA, can be downloaded from the HESA website. The financial statements are prepared in accordance with the ' Financial Reporting Standard 102' (FRS102) and the ' Statement of Recommended Practice: Accounting for Further and Higher Education' (FEHE SORP), published by Universities UK (SORP (2015).pdf), and comply with the financial reporting requirements contained in any UK legislation relevant to their constitution, such as the Companies Act and the Charities Act. The figures recorded for the consolidated income and expenditure account, balance sheet headings, statement of recognised gains and losses and cash flow statement should be the same as those recorded in the HEP's audited/published financial statements. The record provides data in respect of the consolidated income and expenditure account, consolidated statement of total recognised gains and losses, consolidated balance sheet and consolidated cash flow statement. The annual HESA Finance record is the main source of historical financial information on the total activities of all UK higher education providers (HEPs).
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