LSC

Financial Support - Prior years' documents

Accounts Direction to Further Education Colleges for 2006-07

This guidance is of interest to principals and chief executives of further education colleges, finance directors at FE colleges, financial statements and regularity auditors, regional LSC colleagues and other key organisations in the learning and skills sector.

The purpose of the guidance is to provide direction to colleges and auditors on the preparation of colleges’ annual financial statements. The LSC has worked with the Association of Colleges (AoC) the College Financial Directors Group (CFDG) and consulted with auditors on this guidance, which supplements that in the 2003 Statement of Recommended Practice (SORP) and consolidates all previous accounting policies guidance issued by the LSC.

This guidance applies for the year ending 31 July 2007.

Accounts direction to further education colleges for 2006/07

Accounts direction handbook - summary and contents
Chapter 1 - Amendments list
Chapter 2 – The development of accounting policies for the further education colleges 
Chapter 3 - The statement of recommended practice
Chapter 4 - Model Casterbridge College financial statements for the year ended 31 July 2007
Chapter 5 - Guidance on the preparation of the members' reports and notes to the financial statements 
Chapter 6 - Detailed guidance on specific topics
Chapter 7 - Finance record 2006/07
Chapter 8 - Notes and guidance on the finance record 2006/07 
Chapter 9 - Index 

Casterbridge College accounts and notes 

Finance record 2006/07
Enhanced pension provision 2006/07
 

Planning handbook

This handbook provides guidance on financial planning information that the LSC wishes to receive by 31 July 2007 from further education (FE) colleges. 

Financial planning handbook 2007 to 2010

Financial planning handbook - Summary and contents
Chapter 1 - Amendments record list
Chapter 2 - Monitoring the financial health of providers
Chapter 3 - Assumptions
Chapter 4 - Commentary to the plan
Chapter 5 - Trend analysis
Chapter 6 - Ten year financial plan 2007-17
Chapter 7 - Guidance on completing the financial plan
Chapter 8 - Links to key documents



Circulars

College - Financial planning documentation

College accounts 2004/05
This release of data is taken from the National Office database for the audited financial statements and finance record return for the year ending July 2005.

College accounts 2003/04
This release of data is taken from the National Office database for the audited financial statements and finance record return for the year ending July 2004.

learndirect/ufi
An introduction to the evidence requirements for learndirect provision (August 2003)
This draft document is a basic guide to the evidence required to support a claim for LSC funding and the audit process in respect of learndirect provision. It will be of particular interest to learndirect hubs and learning centres.

Advice for hubs seeking funding adjustment (December 2002)
Advice for hubs seeking funding adjustments due to the effects of cross year learners on their funding claims for 2001/02 and 2002/03.