Bath Spa University Financial Statements

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Bath Spa University Financial Statements

The members present their report and the audited financial statements for the year ended 31 July 2016

  1. Legal Status

Bath Spa University is a higher education corporation under the Education Reform Act 1988, and

as such also an exempt charity, regulated by HEFCE. With origins in the 19th Century, the institution was initially incorporated as Bath College of Higher Education and in 1999 adopted the name of Bath Spa University College. In March 2005 university status was gained, and the institution became Bath Spa University in August 2005.

  1. Vision

Bath Spa University’s Vision is to be a leading educational institution in creativity, culture and enterprise. Through inspirational teaching and research, the University will transform students’ lives. Based in a world heritage city and connected to a network of international partners, Bath Spa University will ensure that its graduates are socially engaged global citizens.

  1. Organisation

The University is organised into three academic domains, each led by a Dean:

  • College of Liberal Arts
  • Bath School of Art & Design
  • Institute for Education

Responsibility for overall day-to-day management of the University is through the Vice-Chancellor, supported by a senior team that includes the Deputy Vice-Chancellor & Provost, the Chief Operating Officer and the Registrar.

  1. Strategy and Achievements 4.1 Strategic Objectives

In June 2015 governors approved the University’s 2020 Strategy comprising four key pillars in which substantial progress is already being made:

    • Thirdly, transforming Bath Spa graduates into global citizens is critical to expanding students’ horizons, providing valuable experience, improving their confidence and preparing them for the world of work. Being based in a world heritage city strengthens the University’s position, making it attractive for international students wishing to study in the
      • Secondly, research, – critical, creative research and practice-based research, is central to the University’s endeavour and Bath Spa continues to enhance its capabilities in these areas. The University has increased the number of winning bids from a number of different national and international funding bodies, which has driven a considerable rise in research income. It is also developing and launching three key research centres spanning the University as a whole: the Centre for Environmental Humanities, the Centre for Transnational Creativity and Education and the Centre for Creative and Cultural Industries. In addition, in order to shape and inform the work of its researchers, the University has developed nine further research centres in the Schools of Study structured around innovative, multi-disciplinary themes. The University is aiming to significantly enhance the amount of world leading work submitted to REF 2020, and in support of this, the second annual external review of research outputs was undertaken in May 2016, and potential Impact Case Studies have been identified in all Units of Assessment. The Researcher Development Programme has been redeveloped to support researchers across all stages of their research careers, and the University was successful in its application for external reaccreditation of the HR Excellence in Research Award – one of the first 50 UK HEIs to achieve this.Firstly, to enable students, who are at the heart of this strategy, to thrive intellectually and in the world of work, Bath Spa graduates will be: creative, digitally literate, globally connected, able to work in teams, entrepreneurial and active members of our connected, creative community. There are several steps that the University is taking to ensure that these attributes are inculcated, including organisational and curriculum reform to encourage flexible and cross-disciplinary learning, with both an international dimension and relevance to the world of work. As the University enters the second year of the strategy, organisational changes have already been made and are currently beingembedded. This has included the formation of the Bath Business School, as part of the College of Liberal Arts. The curriculum review is well underway and plans are in place to ensure that the changes are fully implemented by 2018/19.

    UK, whilst also encouraging Bath Spa students to study overseas. The University’s internationalisation efforts do not end with its students. A unique international community of scholars is being developed, through international networks such as the Global Academy of Liberal Arts (GALA), now in its second year of existence and counting 18 members. Transnational Education, with students studying outside of the UK, is becoming increasingly important with several international partnerships now in place. The University is supporting its agenda to be the UK gateway to a global network of partner research institutions working in our fields of professional, creative and critical practice by appointing a new Head of European Funding and PGT Development and engaging with GALA activities in order to build relationships with partner research offices. In addition to this, the University was successful in its bid to host the 2017 Association of Commonwealth Universities Summer School, which will enhance our international profile.

    • Finally, to be able to achieve all of these goals the University needs the right people, finance, facilities and infrastructure. The University’s work base has therefore continued to grow steadily to support growing academic activity, and the University has achieved strong financial surpluses that enable further investment in infrastructure. In addition, the University has drawn on other sources of funding in order to invest in improvements at Newton Park, new student accommodation, such as Green Park House, which offers 461 beds and which welcomed its first residents this summer and further property purchases such as the former home of furniture manufacturers Herman Miller, on the Locksbrook. READ MORE…