Agenda item

Report of the Chief Operating & Financial Officer.

A report of the Chief Operating & Financial Officer noted that the School is required by statute to submit to HEFCE a series of annual accountability returns to enable HEFCE to assess Higher Education Institution’s (HEI’s) compliance with their requirements. The various returns covered corporate strategy, financial performance, financial sustainability, risk management, control and governance, value for money, and the management and quality assurance of data.

The 2013 Annual Accountability Returns for submission to HEFCE by 1 December 2013 comprised the following documents:

·           Annual Assurance Return – signed by the School’s accountable officer (the Principal)

·           Signed audited financial statements

·           Completed financial results and forecast tables

·           Financial commentary

·           Audit & Risk Management Committee Annual Report

·           External Audit Management Letter

·           Internal Audit Report