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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

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...

BUFDG Digest 21 May 2025

21/05/2025

Amanda Darley

Managing margins, H E finance data and reports, final pay offer, immigration, Medr consultation, NI fees, termination payments and more...

Procurement Value Survey 2023-24 Results Report

14/05/2025

Ashley Shelbrooke

PVS results report FY 2023-24

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

New FEHE SORP Workshop - London

09/06/2025

Birkbeck, University of London, Malet St, London, WC1E 7HX

This in an in-person workshop delivered by KPMG. The workshop will explore the new FEHE SORP in more detail and give attendees the opportunity to ask questions.

Chart of Accounts discussion

09/06/2025

MS Teams: 11:00-12:30

Discussion about what to include in a university/HEP chart of accounts.

New FEHE SORP Workshop - Belfast

10/06/2025

Queens University Belfast, Moot Court Room, School of Law, Main Site Tower, Queen’s University Belfast, University Square, Belfast, BT7 1NN

This in an in-person workshop delivered by KPMG. The workshop will explore the new FEHE SORP in more detail and give attendees the opportunity to ask questions.

 

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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