You need cookies enabled


You need cookies enabled


  • Foreword
  • Model Financial Memorandum between HEFCE and institutions
    • Purpose of this document
    • Our responsibilities to institutions
    • Institutions' responsibilities to HEFCE
    • Financial management and sustainability
    • Other requirements on institutions
    • Accountability and risk assessment
    • Revisions to the Financial Memorandum
  • Annex A Mandatory requirements of the Financial Memorandum and Audit Code of Practice 13
  • Annex B Audit Code of Practice
  • Annex C Allocating and paying funds
  • Annex D Institutional engagement and support strategy
  • Annex E Model annual assurance return from institutions
  • Annex F Consent for financial commitments
  • Annex G Exchequer interests
  • Annex H Information requirements for HEIs that are exempt charities
  • Annex I Summary of responsibilities of members of governing bodies
  • Annex J Model letters of appointment for new head of institution and the accountable officer
  • Annex K Model letter of appointment for new chair of a governing body
  • Definitions and abbreviations

Date: 1 July 2010

Ref: HEFCE 2010/19

To: Heads of HEFCE-funded higher education institutions