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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. Current session: 13 May 2021 to 22 January 2026
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Displaying 3436 contributions

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Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

These are your running costs—your day-to-day costs—not capital investment. That would not affect the reserves, would it?

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

July 2025. I said a year but it is 16 months, I realise, because you brought your accounts into line with the other colleges and universities. You note a clear turnaround in your operating results. Could you explain what the turnaround has been? How have you saved costs? How have you increased income?

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

Okay—thanks. Some of my colleagues may want to follow up on some of that.

On investments, on page 6 of your accounts it states that £13.1 million was invested in transformational projects, and I understand that one of the big moves forward has been in veterinary training. I realise that I am coming at this from an accounting point of view, but I do not see that £13.1 million invested in fixed assets. It is not in buildings and things, is it? Can you tell us anything about the £13.1 million that was invested?

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

Is that your pension scheme, or is that jointly held?

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

I am looking at the financial statements to start with, so I am probably aiming my questions at you, Professor Powell, but if anyone else wants to come in, they are welcome.

Reading your “Principal’s Report” in the financial statements, I note that it says:

“I am pleased to note a clear turnaround in our operating results during the year, supported by the careful implementation of our financial recovery plan.”

At the same time, I note that, on page 30 of the accounts, it states that your reserves have fallen from £28 million in April 2024 to £15 million in July 2025, which is quite a big drop. Can you explain how those two tie together? Things have improved, but your reserves have fallen by £13 million.

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

With respect, I was not asking about the cash reserves. I suppose that where I am going with this is: your reserves fell from £28 million to £15 million and, if that happens another year, you will have practically no reserves. What if it happens again after that? Is the college financially sustainable? You say in your report you are turning it around, but that does not appear to be the case from the reserves.

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

Okay—let me try another angle. You wrote the report; is that correct? When you say a clear turnaround—

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

That is okay. Tell us about the vet school and the £4.5 million. Is that a building?

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

Okay. The final point I was going to ask about may be a bit technical as well. The pension liability has quite an effect on your accounts, and I realise that that is not day-to-day normal expenditure. Can you tell us anything about why there is the liability for pensions?

Education, Children and Young People Committee [Draft]

Scotland’s Rural College

Meeting date: 14 January 2026

John Mason

I will leave it at that.