Class 4: What we spend and how we spend it

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Information about our strategy for, and management of, financial resources.

Updated: 17 May 2019

The Finance department provides accounting, procurement and contracting services, helping to make best use of resources and fulfilling statutory responsibilities.  Information that may substantially prejudice the commercial interests of any person or organisation is excluded from publication.

Financial statements

The college’s most recent financial statements include information on our institutional endowments and investments; external sources and other sources of capital funding and a summary of the budgetary allocation to the major budgetary units. The Financial statements also provide details of staff and board member expenses.

Financial regulations

The college has well established financial regulations which are approved by the Board of Management. This is the College’s financial administration manual, including e.g. information on purchasing goods and services and on reclaiming expenses.

Insurance

All policies are arranged through our broker as follows:

Marsh Limited
Education Practice
Capital House
1-5 Perrymount Road
Haywards Heath
West Sussex
RH16 3SY

Royal & Sun Alliance
Employers Liability & Public Liability – Policy No RSAP9940339200

ERS
Motor insurance - Policy No  50084124.

This is for the period 1 August 2018 to 31 July 2019.

In addition we have insurance cover for our research boats arranged through Porthcawl Insurance Consultants UK as follows

MS Amlin
Marine Insurance – Policy Number HV18-0459971

This is for the period  05 July 2018 to 04 July 2019

Pay and grading structure

The current pay and grading structures show the levels of pay within Inverness College UHI.

Funding awards made by Inverness College UHI

How to apply for them and funding awards made by Inverness College UHI.

The college does not make any funding awards from its own resources.