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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 18 July 2025
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Displaying 2881 contributions

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Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

I will pick out a few points out of the previous accounts that we have. The first is the auditor’s opinion that the university was still a going concern in July 2023—in fact, it presumably thought that it was still a concern in December, because it did not sign the accounts until then. It said:

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and institution’s ability to continue as a going concern for the period to 31 July 2025”.

I presume that you and the auditors were happy with that statement. At December 2023, there were absolutely no worries about the university being a going concern. Is that correct?

09:30  

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

I do not mind who answers.

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

I got the point that that was an internal decision.

The unrestricted reserves looked quite good in July 2023, at £161 million. Can you give us an idea of what they were last July?

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

If you have the draft accounts there, are you able to tell us what the deficit per the accounts would have been up to July 2024?

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

Can you put a figure on that at all?

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

Thank you very much.

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

To follow on in the direction that Willie Rennie was going, of the £25 million that has been provided, £15 million is financial transactions money—effectively, it is a loan that the university will have to pay back at some point—but is the £10 million the same?

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

Is the £10 million a grant or is it also a loan?

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

Ernst & Young is a reputable company and, on the whole, I would tend to trust it. Did you accept that judgment at face value or did you do any digging below that?

Education, Children and Young People Committee

University of Dundee

Meeting date: 19 March 2025

John Mason

Fair enough.