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<p>The value of reserves held by each Further Education College or Sixth Form College
in the East Midlands is shown in the attached table for the period 2009/10 to 2015/16,
which is the latest college information available. The data also includes information
from colleges that were dissolved during this period, following mergers with other
colleges (highlighted in red).</p><p> </p><p>For the purpose of the information provided,
the level of financial reserves is defined as the total net assets/(liabilities) and
includes all assets/liabilities including pension liabilities.</p><p> </p><p>The 2015/16
college accounts were the first set of college financial statements produced under
the requirements of the Statement of Recommended Practice: Accounting for Further
and Higher Education (SORP2015). This update from SORP2007 reflected changes in the
underlying accounting standards. Due to the changes in accounting standards a comparison
between the 2015/16 reserves totals and the results from previous years is not a fair
comparison.</p><p> </p><p>The source of the data is the college accounts annual datasets,
which are published at:</p><p><a href="https://www.gov.uk/government/publications/sfa-financial-management-college-accounts"
target="_blank">https://www.gov.uk/government/publications/sfa-financial-management-college-accounts</a></p><p>The
datasets comprise the annual returns submitted to the Education and Skills Funding
Agency (or predecessor bodies) by the respective individual colleges, which are then
consolidated into one annual dataset.</p>
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