Statement of responsibilities of the University’s Council

The University’s Council is responsible for keeping adequate accounting records which disclose, with reasonable accuracy at any time, the financial position of the Group, and for ensuring that the financial statements are prepared in accordance with the Instrument and Articles of Government, the Statement of Recommended Practice: Accounting for Further and Higher Education and FRS102. Within the Terms and Conditions of funding for higher education institutions with the OfS and the University’s Council, through its designated accountable officer, the University is required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of Buckinghamshire New University and Group and of the surplus or deficit and cash flows for that year. The designated accountable officer is the Vice-Chancellor. In preparing these financial statements, the University’s Council is required to:

• Select suitable accounting policies and then apply them consistently. • Make judgements and estimates that are reasonable and prudent and state whether applicable United Kingdom Accounting

Standards have been followed, subject to any material departures disclosed and explained in the financial statements. • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in operation.