About the Department
Our mission is "to provide, in a cost efficient, professional and timely manner, services that allow the University to meet its statutory financial obligations and internal financial management objectives."
Our primary focus is to provide the University as a whole (represented by its Governing Body, Council) and individuals holding budget responsibility with financial services and advice. This involves the payment of bills and salaries and collection of monies owed to the University. It also covers the production of monitoring reports and forward financial plans such as budgets and business plans.
The department also conducts ad hoc exercises such as investment proposal reviews, the raising of funds and is involved in the introduction of various HEFCE initiatives relating to financial management (eg TRAC and Effective Financial Management). We are also required to ensure that the University operates its affairs within the various external financial and tax regulations and ensure that the University's financial records satisfy external audit.
In addition to our internal role, we are responsible for the production of financial statements and returns for various statutory bodies: HEFCE, HESA, Inland Revenue and Customs and Excise (VAT).