Finance and Procurement services: Financial Accounting

On this page

The Financial Accounting team is responsible for the following:

Charitable appeals

The Finance Business Partner is responsible for overseeing the financial operation of all charitable appeals.

Such appeals can only be established through the Charitable Appeals Subcommittee as there are very specific prerequisites to the operation of such appeals when linked in any way to the University.

The Charitable Appeals Sub-committee is run by the Secretary and queries or information on non-financial matters should be addressed to him.

Once a charitable appeal has been formally approved and financial arrangements are pending the Finance Business Partner should be contacted for advice, monitoring, and year-end accounting. They will also periodically review the transactions flowing through such appeals and raise any issues arising with the Director of Finance.

Divestment from fossil fuels

Endowment investments valuation reports

Ethical investment policy

Financial statements

Financial operation of Centenary Trust

The Treasury Manager is responsible for the day-to-day financial operation of the Centenary Trust.

The Centenary Trust was set up in 1991. Its charitable purpose is to award scholarships, grants, maintenance or travel allowances, prizes or other financial support in their ongoing study or practice to students, graduates or staff of Duncan of Jordanstone College of Art and Design.

Centenary Trust Trustees

    Preparation of four-year plans

    Annually, at the end of June, the Funding Council requires the University to prepare, agree, and submit a strategic plan for the forthcoming four years. The documents prepared include a Strategic Plan, with detailed financial implications of the plan together with an Estates Management Action Plan (EMAP). The detailed figures and commentary are approved by Court and form the basis for planning and strategic decision-making for the following years. The detailed figures and financial commentary is prepared by the Director of Finance.

    Preparation of strategic-level management accounts

    Management Accounts for analysis and comment at a strategic level, are prepared monthly and form the basis for the reporting of financial performance during the year to meetings of the Finance Committee.

    The reports prepared comprise:

    • Income and Expenditure
    • Capital Expenditure
    • Cashflow
    • Balance Sheet

    Business planning for project applications

    The Finance Office provides advice and assistance in the preparation of business plans, particularly where these plans are required in support of funding applications. 

    For more information on this subject and assistance in completing business plan elements of funding bids, please contact the Director of Finance.

    ‌Policies and regulations

    Year End

    The instructions and key deadlines for the financial year end 31 July 2023 are available below.

    Priority should be given to ensuring all transactions, tasks and housekeeping in OneUniversity are up to date for the end of the financial year.

    Please contact your Senior Finance Business Partner or the Financial Accounting team if you have any queries about the year-end process. All contact details are included in the guidance document.