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Seòmar agus comataidhean

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 1 July 2025
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Displaying 2810 contributions

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Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Are colleges able to get financial transaction money?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

I assume that it is because you count as being in the public sector, and such money has to go to outside bodies.

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Financial transactions money cannot do that. That clarifies that a little bit—that is helpful.

I will come back to Professor Powell on a minor point. I was looking at the accounts of all three of the institutions that are here today. I noticed that yours go to 31 March while those of everybody else go to July. Can you explain why yours go to March?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Professor Wayne Powell, you mentioned financial transaction money in your submission. Will you explain how you were using that and why it got lost, or whatever it was?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Okay—I will leave it at that for now.

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

In answer to earlier questions, you were very optimistic that you were moving from a deficit to a surplus. Of out interest, who looks at the detail of that? As you may know, we have been involved with another university that assured everybody that it was cutting costs, but it turned out that it had not been. Are your audit committee, court and finance committee all actively looking at that kind of issue?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Some of that must be a wish list. It is not really necessary, is it?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

That leads me on to a question for Mr Witty or Ms Cox. Is that a typical picture for colleges? Is there a danger that a college will go bust?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

That is slightly reassuring.

Ms Nairn, the accounts for the University of the Highlands and Islands look healthier, but you have told us that there is a danger of a deficit coming up. Your reserves were quite low—they were £600,000—but they went up to £4.4 million and then to £9 million, which is reasonably positive.

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

As has been said, you have quite an unusual structure. The University of Edinburgh told us that it has different schools, which it had been allowing to do their own thing. Eventually, it realised that there was a problem and pulled everything together. You are in a slightly different position, but you say in your submission that, if one college has a surplus and another has a deficit, you do not have the powers to move that surplus. Would you like to have the power to do that?