Financial Accounts

Financial Accounts

Financial Accounting involves preparing and compiling the annual financial statements for the University and its subsidiary companies, which include UW Developments Ltd, UW Enterprises Ltd, UW Worcester Wolves Ltd and UW UP LLP. These documents are prepared in accordance with the Higher Education Statement of Recommended Practice 2007 (HE SORP) and current UK reporting standards. Each set of financial statements are subject to an annual audit which is carried out by PwC, the University’s appointed external auditors. The University is required to submit their audited financial statements to HEFCE by December each year, along with several other returns.

From 2015/16 UK reporting standards are changing, and in line with these changes a revised Higher Education Statement of Recommended Practice 2015 has been issued. These changes will have an impact on how the University prepares its annual financial statements. Preparation for these changes has already begun and work will continue over the coming months to assess the detailed financial impact.

Please refer to our Charitable Status page to view copies of the University’s previous annual accounts.