Financial Support - Prior years' documents
Accounts Direction Handbook 2007/08
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 2007 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 2008.
Accounts Direction Handbook 2007/08 Cover
Accounts Direction Handbook 2007/08 Summary
Accounts Direction Handbook 2007/08 - Index
Chapter 1: Amendments Record List
Chapter 2: The Development of Accounting Policies for the Further Education Sector
Chapter 3: Statement of Recommended Practice: Accounting for Further and Higher Education
Chapter 4: Casterbridge College Model Financial Statements
Chapter 4b - Casterbridge College Model Financial Statements - with formulae.xls
Chapter 5: Guidance on the Preparation of the Members’ Report and Notes to the Financial Statements
Chapter 6: Detailed Guidance on Specific Topics
Chapter 7: Finance Record 2007/08
Chapter 8: Notes and Guidance on the Finance Record 2007/08
Finance Record 2007/08
Enhanced Pension Provision Yield Indices
Planning handbook
This handbook provides guidance on financial planning information that the LSC wishes to receive by 31 July 2008 from further education (FE) colleges.
The LSC has worked with the College Finance Directors Group (CFDG), the Association of Colleges (AoC) and consulted with auditors to produce this guidance.
Intended recipients:
Although this guidance will be of interest to all LSC providers, only colleges are required to provide three year financial plans to the LSC.
Financial planning handbook 2008 to 2011
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 2008-18
Chapter 7 - Guidance on completing the financial plan
Chapter 8 - Links to key documents
Circulars
College accounts 2006/07
This release of data is taken from the LSC database of finance records for the year ended 31 July 2007.
College accounts 05/06
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 2006.
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.
