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BUFDG Annual Report 2024-25

Find out about what we achieved last year

Read the report and watch the highlights video

 

Preparing for SORP

To support preparations for the FEHE SORP (effective from 1 January 2026 and expected to be published in August 2025), a webinar was hosted by KPMG's Accounting Advisory Services team in May 2025 outlining the most crucial updates, the implications of the changes, and practical guidance on how to address them. The recording of the recent webinar is available to the public, so any auditors or FE accountants can view it. BUFDG members can also sign up for the SORP Implementation Forum on 8 July to discuss the changes and implications involved in the adoption of the 2026 SORP with others.

Finance and other systems used in universities

We've gathered information from our members about which financial and other systems they use, and captured the finance system for 123 universities/higher education providers, plus the systems/software used for payroll, expenses, CT returns, VAT returns, and global mobility for many of them.

 

News

FEHE SORP 2026 Board approval

27/06/2025

Joni Rhodes

2026 FEHE SORP final drafts approved by FEHE SORP Board 

BUFDG Digest 18 June

18/06/2025

Matt Sisson

This Digest covers the Spending Review, the annual TRAC data release, OFS capital funding and AFR return changes, financial sustainability in the Scottish sector, Medr operational plan, SORP update, university spinout data, and much more.

BUFDG Digest 4 June 2025

04/06/2025

Joni Rhodes

UUK transformation and efficiency report, CSR speculation, updated University Finance Guide, CMA on H E collaboration, and more...

All news

BUFDG E-learning

Did you know? BUFDG has an extensive suite of over 50 CPD-certified e-learning modules, covering a huge range of HE finance topics. These are free to access with your BUFDG website account.

Upcoming Events

Welsh Tax Group Meeting

02/07/2025

MS Teams: 10:00-12:00

The Welsh Tax Group meeting will take place on Wednesday 2 July 10:00-12:00.

National Minimum Wage (NMW) compliance and awareness with HM...

02/07/2025

Teams Online 1-2pm

Join HMRC Compliance Team Officers as they raise awareness of National Minimum Wage (NMW) compliance issues that are commonly found in NMW checks.

UHR's Inclusive Futures: Reimagining the HE workforce - webi...

03/07/2025

Online via MS Teams, 12noon - 12.45pm

This series of six webinars showcases brilliant work going on in the HE sector to recruit, develop, retain and promote a diverse and inclusive workforce.

 

Cost Saving Measures

Potential cost-saving measures Finance Directors and CFOs can consider when exploring new ways to manage costs effectively without compromising the quality of education and services in the face of ongoing financial pressures.

Download the document

2025 Financial Statements webinar resources

The 2025 Financial Statements webinars were held in May 2025. The slides and recording are now available for members to access.

Access the recording and slides

Termination Payments Guidance

This guidance sets out the tax implications of payments and benefits provided to employees on the termination of their employment.

Read the Guide here

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