Class 2: What we Spend and How we Spend it
Our financial information
Financial information relating to projected and actual income and expenditure, procurement, contracts and financial audit.
Funding and Income, Financial statements, Budgets and variance reports, Financial audit reports Capital programme, Financial regulations and procedures, Staff allowances and expenses, Staff pay and grading structures, Register of suppliers, Procurement and tender procedures and reports, Contracts Research funding
| General Information | Extensive financial information is contained in our Annual Accounts which are published each year. The Annual Accounts are available to download. |
| Sources of funding and income |
Information about sources of funding and income is set out in the Annual Accounts. HESA publishes data on all aspects of the UK higher education sector. This includes information about the Income, expenditure, and financial statements of the University and other HE providers. |
| Details of expenditure over £25,000, revenue budgets, budgets for capital expenditure | Information regarding contracts over £25,000 can be found on the Government website - Contracts Finder. |
| Report from External Auditors | Information about the Audit Committee including its terms of reference and membership. The independent auditor’s report is contained in the Annual Accounts. |
| Major plans for capital expenditure | Information about the University's capital programme is included in our financial statements. Financial statements are published annually, usually in December. |
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Financial regulations, policies and procedures
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Key financial governance policies including Whistleblowing Policy, Prevention of Fraud Policy, Anti-Bribery Policy, Prevention of Money Laundering Policy and Register of Staff Interests and Declarations of Interests Policy are included on the Principles and Policies section of our website. |
| Details of allowances and expenses that can be claimed or incurred |
The University has the following policies relating to staff allowances and expenses: |
| Total allowances and expenses paid to individual senior staff members and Salaries for senior staff (over £100k p.a) and for Senior Management (in bands of £10k) | Information about the emoluments of the Vice-Chancellor and senior staff is included in the Annual Accounts. |
| Salaries for all other posts - as determined by the National Framework Agreement |
The University has a single pay spine and grade structure for academic and non-academic staff below senior staff grades. We publish a Statutory Gender Pay Gap Report, as required by the Equality Act 2010. |
| Procedures used for the acquisition of goods and services |
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| Details of contracts that exceed £25,000, contracts available for public tender and reports of successful tenders | |
| Research funding from public sector and commercial sources | High level information about research funding is included in the annual financial statements, usually in December. University income from research grants and contracts is publicly available from HESA. |