Circulars – Financial support – Prior years

Finance: Accounts direction to further education colleges for 2005-06

This circular is of interest to principals and chief executives of FE colleges, finance directors at FE colleges, financial statements auditors, regional LSCs and other key organisations in the learning and skills sector.

The purpose of this circular is to provide direction to colleges and financial statements auditors on the preparation of colleges' annual financial statements.

The LSC has consulted financial statements auditors and sector representatives on this guidance, which supplements that in the Statement of Recommended Practice (SORP) and consolidates all previous accounting policies guidance issued by the LSC.

This circular applies for the year ending 31 July 2006, and highlights issues for future years.

Accounts direction to further education colleges for 2005/06

Supplement A
Finance record 2005/06
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
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 2005/06 
Chapter 8 - Notes and guidance on the finance record 2005/06 
Casterbridge College accounts and notes 
Index 

 

Circular 04/05 Planning: Further education colleges financial plans and risk management 2004-05

Circular 04/05 Planning: Further education colleges - Financial plans and risk management 2004-07
Supplement A to Circular 04/05: Financial plan returns 2004/2005 (Guidance on completeing the plan)
Supplement B: Three-year financial plan
Supplement C - Mid-year update 2005

Finance: Accounts direction to further education colleges for 2004-05

Circular 04/04: Finance: Accounts direction to further education colleges for 2004-05

Finance: Accounts Direction to further education colleges for 2003-04  

Circular 04/04: Finance: Accounts direction to further education colleges for 2003-04
Supplement A: Papers issued by sector accounting policies group May 2004
Supplement B: Finance records 2003-04
Supplement C: Notes and guidance on finance record 2003-04

Annexes to supplement A
Accounting for refurbishments flowchart
Casterbidge College learner support funds
Discontinued activities

Circular 03/11 : Workbook examples of funding scenarios to support understanding of the circular

Funding calculation - Seminar demo
Funding return - Seminar questions
Funding return - Seminar questions and answers
SafetyNet - Annex K seminar questions and answers

03/10 Planning: Financial planning and associated information

Full circular
03/10 Planning: Financial planning and associated information

Additional
Supplement A: Guidance on completing the plan
Supplement B: MId year update college details
Supplement B: Financial plan college details

03/08 Finance FE colleges: Accounting policies and return of audited financial statements

Full circular
03/08 Finance FE colleges: Accounting policies and return of audited financial statements

Additional
Supplement A: Draft statement of recommended practice: Accounting for further and higher education
Supplement B - Example: Spreadsheet to calculate the enhanced pensions provision
Supplement C Report: Casterbridge College - Model report and financial statements
Supplement C Accounts: Casterbridge College - Model report and financial statements
Supplement D: Guidance to the preparation of the notes to the financial statements
Supplement E: Finance records
Supplement F: Notes and guidance on the finance record 2002/03

03/05 Capital project grant support: New and updated arrangements for 2003-04 awards and consultation on the rate of grant support

Full circular
03/05 Capital project grant support: New and updated arrangements for 2003-04 awards and consultation on the rate of grant support

02/11 Planning: Financial planning and associated information

Full circular
02/11 Planning: Financial planning and associated information (pdf)
02/11 Planning: Financial planning and associated information (doc)

Additional
02/11 Planning (Abstract): Financial planning and associated information 02/11 Planning supplement A
02/11 Planning annex 1- Mid-year update proforma
02/11 Planning annex 2 financial plan 2002-05

02/07 Finance further education colleges: Accounting policies and return of audited financial statements

Full circular
02/07 Finance further education colleges: Accounting policies and return of audited financial statements

Additional
02/07 Finance (abstract) further education colleges: Accounting policies and return of audited financial statements
A : Revised model report and financial statements for Casterbridge College for the year ended 31 July 2002
A : Data
B : Revised enhanced pensions tables
C : Risk management
D : Finance record 2001/02 proforma

01/04 Finance: Sector accounting policies and return of audited financial statements

Circular
01/04 Finance: Sector accounting policies and return of audited financial statements

Additional
Supplement A to circular 01/04: Specific guidance to supplement the SORP
Supplement B to circular 01/04: Audit issues

01/01 Planning: Strategic planning, including financial forecasts and accommodation data

Circular
01/01 Planning: Strategic planning, including financial forecasts and accommodation data

Additional
Supplement A to circular 01/01: Notes and guidance on the financial returns 2000/04
Supplement B to circular 01/01: Financial returns 2001/02 proforma

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