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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

Chart of Accounts discussion

13/06/2025

MS Teams: 10:00-11:30

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

Strategic Finance Business Partnering

18/06/2025

Online - 10am - 1pm: Part 1 - 18 June and Part 2 - 19 June

This online workshop is for you if you already have experience of operating in a Finance Partnering approach and wish to operate more strategically, further develop the effectiveness and impact of the Finance function and your role, and gain increased organisational influence.

EMR Data: Getting the most out of benchmarking - Webinar wit...

18/06/2025

Teams

Time: 10.00 - 11.30

George Griffith, Director at Provelio and Co-author of the AUDE EMR Report, will explore how institutions can develop their own internal benchmarking to better understand performance in this CPD accredited webinar.

 

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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