Northern Ireland

https://www.economy-ni.gov.uk/publications/fe-circular-0724-college-accounts-direction-202324

https://www.economy-ni.gov.uk/sites/default/files/publications/economy/
EC1%2024%200010175%20%20FE%20Colleges%20NI%20Accounts%20Direction%202023-24%20-%20Circular.pdf

Website publication

Once the final Annual Report and Financial Statements have been submitted to the Department and laid at the Assembly, a copy must be placed on the college website, in line with DoF Guidance.

Scotland

https://www.sfc.ac.uk/assurance-accountability/outcomes-framework-and-assurance-model/

https://www.sfc.ac.uk/publications/accounts-direction-for-scotlands-colleges-2023-24/

https://www.sfc.ac.uk/wp-content/uploads/2024/09/Accounts-Direction-for-Scotlands-Colleges-2023-24-Guidance-Notes.pdf 

https://audit.scot/uploads/docs/um/gp_improving_quality_college_annual_report.pdf

https://www.universitiesuk.ac.uk/what-we-do/policy-and-research/publications/statement-recommended-practice

https://www.universitiesuk.ac.uk/sites/default/files/field/downloads/2021-08/statement-of-recommended-practice-2019%20%281%29_0.pdf

https://www.sfc.ac.uk/wp-content/uploads/2024/11/SFC-Data-Analysis-for-Tertiary-Quality-Enhancement-Review.pdf

Wales

https://www.medr.cymru/en/funding-for-providers/

https://www.medr.cymru/wp-content/uploads/2024/11/Medr-Terms-and-Conditions-of-Funding-2024_25-English.pdf

Monitoring and reporting

You must comply with (and facilitate our compliance with) all statutory requirements as regards accounts, audit or examination of accounts, annual reports and annual returns applicable.

England

https://www.gov.uk/government/publications/college-accounts-direction

https://assets.publishing.service.gov.uk/media/66b20c19ab418ab05559336e/
College_Accounts_Direction_2023_to_2024_06082024.pdf

Publishing accounts

Stakeholders have a right to expect information on the financial performance and results of a college to be readily accessible. Accordingly, colleges must publish their audited accounts in an easily accessible location on their website: for example, by having a tab on the Homepage that says ‘About Us’ and then a subheading that says ‘Public Information and Policies’. To maximise transparency and to support accountability, this should be done as soon as possible after the accounts are signed and must be no later than 31 January 2025. Corporations must retain at least two years of accounts on their website. As charities, corporations must also provide their accounts to anyone requesting a copy.