The financial memorandum between the Higher Education Funding Board for England (HEFCE) and the College sets out the terms and conditions for the payment of funds by HEFCE to the Governing Body of the College. The College’s Board of Governors is responsible for ensuring that conditions of grant are met. As part of this process the College must adhere to the HEFCE’s audit code of practice which requires it to have sound systems of financial and management control.
The Model Financial Memorandum is available on the HEFCE web site.
The financial regulations of the College form part of this overall system of accountability and outlines the processes, including:
Avaliable on written request, View for free in the Jerwood Library (by appointment only)
The Staff Handbook outlines all policies relating to staff, including:
Resource Planning
The College’s five-year strategic plan outlines the strategic vision and goals of the institution.Avaliable on written request, View for free in the Jerwood Library (by appointment only)
The procedures for resource planning and budget setting are included in the internal financial management regulations See Finance above
The College’s report and financial statements are prepared annually and filed with Companies House.Avaliable on written request, View for free in the Jerwood Library (by appointment only)
