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April 2004/20
Core funding/operations
Request for information

Returns should be made by Friday 30 July 2004

Annual monitoring statements, corporate planning statements and financial forecasts 2004

This document asks higher education institutions to send us an annual monitoring statement (AMS) and a corporate planning statement (CPS) for 2003-04, and financial forecasts for the period up to 2007-08. Templates for the AMS and financial forecasts will be available for completion electronically at the end of May 2004.

To: Heads of HEFCE-funded higher education institutions
Heads of universities in Northern Ireland
Of interest to those responsible for: Planning, Finance, Student data
Reference: 2004/20
Publication date: April 2004
Enquiries to: HEFCE higher education advisers (on monitoring and corporate planning statements)
HEFCE finance advisers (on financial forecasts)

Table of contents and executive summary (read on-line)

Download

Report and annexes, except Annexes A and D
[ MS Word 528K | Zipped Word 123K | Adobe PDF 191K | Zipped PDF 151K ]

Annex A (Annual monitoring statement) and Annex D (Financial forecasts 2004: Tables 1 to 14) will be available on the HEFCE extranet in May 2004 for completion electronically. In May, HEI heads of finance will be sent a letter with details of how to access and return them.

Table of contents

  • Executive summary
  • Background
  • Corporate planning statement
  • Annual monitoring statement
  • Changes to the AMS for 2004
  • Widening participation
  • Learning and teaching - institutional funding
  • Business and the community
  • Rewarding and developing staff in higher education
  • Research capability fund
  • Race equality monitoring
  • Capital initiatives
  • Action in the event of insufficient progress
  • Audit
  • Financial forecasts
  • Returns
  • Annexes
  • Annex A    Annual monitoring statement 2004
    Not available in web version of document
  • Annex B    Monitoring criteria for HEROBC and HEIF awards
  • Annex C    Financial forecasts 2004: Statement of financial strategy and supporting notes to the forecast tables
  • Annex D    Financial forecasts 2004: Tables 1 to 14
    Not available in web version of document
  • Annex E    Financial forecasts 2004: guidance notes
  • Annex F    Financial forecasts 2004: funding guidance
  • Annex G    Issues arising from HEFCE Assurance Service visits to review HEIs' annual monitoring statements
  • Annex H    Research Capability Fund
  • List of abbreviations

Executive summary

Purpose

1.   This document asks higher education institutions to send us an annual monitoring statement and a corporate planning statement for the 2003-04 academic year, and financial forecasts for the period up to 2007-08.

Key points

2.   The information requested will:

  1. Summarise the institution's mission, key objectives and targets, and performance against objectives in strategic areas.

  2. State the institution's priorities for the next operating year.

  3. State the institution's key assumptions about future trends.

  4. Provide a financial forecast for the period 2003-04 to 2007-08 in the context of the institution's financial strategy.

  5. State the student number forecasts which underpin the plans and financial forecasts.

3.   We will use this information:

  1. To identify trends across the sector, and to advise the Secretary of State for Education and Skills on the needs and development of the higher education sector.

  2. To monitor the financial prospects of higher education institutions (HEIs), both individually and collectively.

  3. To monitor the use of funds and outcomes relating to our strategic special funding.

  4. As a basis for discussion with institutions about their progress in key areas, their priorities for strategic development, their financial position, and the support which HEFCE may be able to give.

4.   This report also explains the action we will take in cases where institutions have made insufficient progress towards meeting the objectives that they set for themselves, under our strategic special funding initiatives.

5.   Templates for the annual monitoring statement and financial forecasts will be available for completion electronically at the end of May 2004. We will write to heads of finance and the AMS contact during May, providing full details on how to access templates and how to return information to us.

Action required

6.   All institutions should make returns to Linda Markham by Friday 30 July 2004. For further details see paragraphs 91 and 92.

7.   Institutions for which the Teacher Training Agency has lead accounting officer responsibility should also make returns to the Teacher Training Agency by Friday 30 July 2004 (see paragraphs 93 and 94).