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Parliament dissolved ahead of election

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Chamber and committees

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 4 May 2021
  6. Session 6: 13 May 2021 to 8 April 2026
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Displaying 3697 contributions

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Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Fifteen days’ cash?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

What do you get at the centre? Do you get monthly accounts from each college or something like that?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Are colleges able to get financial transaction money?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

I assume that it is because you count as being in the public sector, and such money has to go to outside bodies.

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Financial transactions money cannot do that. That clarifies that a little bit—that is helpful.

I will come back to Professor Powell on a minor point. I was looking at the accounts of all three of the institutions that are here today. I noticed that yours go to 31 March while those of everybody else go to July. Can you explain why yours go to March?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

In answer to earlier questions, you were very optimistic that you were moving from a deficit to a surplus. Of out interest, who looks at the detail of that? As you may know, we have been involved with another university that assured everybody that it was cutting costs, but it turned out that it had not been. Are your audit committee, court and finance committee all actively looking at that kind of issue?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Okay. Mr Witty, is that typical of colleges? Are they all in a similar space?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Perhaps this question is unfair, but does the SFC have closer engagement with colleges than it had with the universities? To be frank, we got the impression that the SFC sat back until a university told it that it had a problem. Is it more involved with colleges?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Ms Campbell, I was looking at your accounts, which are a wee bit scary. In August 2022, you had £11 million in reserves. You also have revaluation reserves, but if we leave those out, your restated income and expenditure reserves dropped from £11 million to £4 million in July 2023 and £1.3 million in July 2024. That is a concerning picture. I know that you are new to the institution, but where is the college going in that regard?

Education, Children and Young People Committee

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

That is slightly reassuring.

Ms Nairn, the accounts for the University of the Highlands and Islands look healthier, but you have told us that there is a danger of a deficit coming up. Your reserves were quite low—they were £600,000—but they went up to £4.4 million and then to £9 million, which is reasonably positive.