University Acts

Contents of this section:

[Note. An asterisk denotes a reference to a previously published or recurrent entry.]

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COUNCIL OF THE UNIVERSITY

Changes in Regulations

Council has made the following changes in regulations, to come into effect on 31 January.

College Accounts

1 Delete Council Regulations 29 of 2002 (Supplement (1) to Gazette no. 4629, 10 July 2002, p. 1451, as corrected by p. 1558) and substitute the following as Council Regulations 1 of 2002:

`Council Regulations 1 of 2003

REGULATIONS FOR THE ACCOUNTS OF THE COLLEGES

Made by Council on 16 January 2003

1. (1) The financial statements prepared annually by the colleges under the provisions of Part B of Statute XV shall conform to the pro-forma accounts and detailed guidelines which shall be circulated by the College Accounts Committee not later than the end of the financial year to which the financial statements will relate.

(2) Such extracts from the audited financial statements as are submitted annually by the colleges to permit combination of the accounts of all the colleges shall be submitted exactly in accordance with the format provided.

2. The financial statements shall include for the year concerned:

(1) the report of the governing body of the college;

(2) the statement of the responsibilities of the governing body, including a statement on charitable status and on the use of property and income for purposes which are charitable in law;

(3) the statement of principal accounting policies;

(4) the balance sheet of the college, and the consolidated balance sheet of the college together with its subsidiaries and connected entities;

(5) the consolidated income and expenditure account;

(6) the consolidated statement of total recognised gains and losses;

(7) the consolidated cash-flow statement;

(8) the notes to the financial statements.

3. The additional information required under section 11 of Statute XV shall consist of schedules, compiled in accordance with the formats issued by the College Accounts Committee, showing the analysis of the college's income and expenditure, and the computation of its liability for or exemption from college contributions.

4. The auditor or auditors who are appointed by the college to audit the financial statements shall be eligible to perform audits of limited companies in the UK.

5. The report of the auditors, to be published with the financial statements, shall include their opinion as to whether the financial statements for the year give a true and fair view of:

(1) the state of affairs of the college, and of the college together with its subsidiaries and connected entities, at the end of the financial year; and

(2) the consolidated income and expenditure of the college together with its subsidiaries and connected entities for that year; and have been properly prepared in accordance with the provisions of Statute XV made by the University under the Universities of Oxford and Cambridge Act, 1923.

6. (1) The auditors shall carry out such investigations as are necessary to enable them to form an opinion as to:

(a) whether proper accounting records have been kept by the college; and

(b) whether the college's accounts are in agreement with the accounting records.

(2) If the auditors reach a satisfactory opinion as to (a) and (b) in paragraph (1) above, they do not need to state this in their report.

7. If the auditors fail to obtain all the information and explanations which they consider necessary for the purposes of their audit, they shall state that fact in their report.

8. The auditors shall consider whether the information given in the report of the governing body is consistent with the financial statements and, if they are of the opinion that it is not, they shall state that fact in their report.

9. The auditors shall also, if they consider that they can justifiably do so, supply to the University's Director of Finance and Secretary of the Chest (for onward transmission to the external auditors of the University's Accounts), by such date as the College Accounts Committee shall specify:

(1) a statement that they have not identified any significant accounting or control weaknesses relating to the income received by the college from the University out of grants and income for specific purposes; and

(2) a statement that all such income has, in their opinion, been applied to the purposes for which it was received.'

2 These regulations shall first apply to the accounts for the financial year ending 31 July 2003.

[No notice of opposition having been given, Mr Vice-Chancellor will declare carried, without holding the meeting of Congregation on 21 January, Statute (2), concerning College Accounts (see `University Agenda' below). Council has accordingly made these changes in regulations, which give effect to consequential provisions.]

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GENERAL PURPOSES COMMITTEE OF COUNCIL

Changes in Regulations

The General Purposes Committee of Council has made the following changes in regulations, to come into effect on 31 January.

Buxton Nature Reserve and Godstow Nunnery

1 In Part 2 of Council Regulations 25 of 2002 (Statutes, 2000, p. 606, as renumbered by Decree (3) of 18 January 2001 and by the changes in regulations published on 14 November 2002, and redesignated as regulations by Decree (5) of 11 July 2002, Gazette, Vol. 131, p. 521; Vol. 132, p. 1461; Vol. 133, p. 404), insert § 37:

`§ 37. Buxton Nature Reserve

1. The land given to the University in 1943 by Mr and Mrs H.N. Spalding, being four fields, Nos. 184, 190, 192, and 195a of the Ordnance Survey, having an area of approximately 7.6 hectares, adjoining the Mesopotamia Walk, with the object of preserving this area in perpetuity as a nature reserve, shall be held for ever and maintained by the University as a nature reserve with the object:

(1) to preserve in perpetuity a piece of water meadow characteristic of the Oxford basin for the enjoyment of the public; and

(2) to afford facilities for the observation and study of plants and animals inhabiting this type of land.

2. The reserve shall be a memorial to Leonard Halford Dudley Buxton, MA, D.Sc., and shall always include a bird sanctuary.

3. The administrative control of the reserve shall be vested in the Curators of the University Parks who shall by appropriate management and by a system of controlled access carry out the objects defined in regulation 1 above, in accordance with arrangements determined by Council for consultation with natural history interests.

4. Regulation 3 above may be amended by Council.'

2 Ibid. (p. 641, as renumbered and redesignated), insert new § 128 as follows and renumber existing §§ 128--36 (pp. 641--7) as §§129--37:

`§ 128. Godstow Nunnery

1. The ruins of Godstow Nunnery and the adjoining land (accepted from Mr Raymond William ffennell in 1923) shall be held for ever by the University.

2. The net income derived from the land shall be carried to the credit of a separate fund and shall be applied to meeting all expenses incurred in connection with the ruins.

3. Council shall make arrangements for appropriate consultation on all questions connected with the preservation and maintenance of the ruins.

4. Regulation 3 above may be amended by Council.'

[These changes add to the University's Trust Regulations, where these provisions seem to be most appropriately located, provisions for the trusts in respect of two gifts of land to the University.]

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PLANNING AND RESOURCE ALLOCATION COMMITTEE OF COUNCIL

Changes in Regulations

The Planning and Resource Allocation Committee of Council, on the recommendation of the Medical Sciences Board, has made the following changes in regulations, to come into effect on 31 January.

Professorship of Cardiovascular Physiology

1 In Schedule A to Sect. I, § 5. B of Council Regulations 24 of 2002, concerning professorships (Statutes, 2000, p. 381, as redesignated as regulations by Decree (5) of 11 July 2002, and amended by the changes in regulations published on 31 October 2002, Gazette, Vol. 132, p. 1461; Vol. 133, p. 352), before `Professor of Cardiovascular Physiology' insert `British Heart Foundation'.

2 Ibid., Sect. III, § 262, concerning particular professorships (Statutes, 2000, p. 489, as redesignated, and renumbered by the same changes), delete the title and regulation 1 and substitute:[1]

`§ 262. British Heart Foundation Professor of Cardiovascular Physiology

1. The British Heart Foundation Professor of Cardiovascular Physiology shall undertake research in cardiovascular physiology and shall lecture and give instruction in this subject.'

[This change renames the new Professorship of Cardiovascular Physiology in order to reflect the funding of the post by the British Heart Foundation.]

[1] New wording is indicated by underlining.

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COUNCIL OF THE UNIVERSITY

Register of Congregation

Mr Vice-Chancellor reports that the following names have been added to the Register of Congregation:

Blair, K., Keble

Chappell, C.E., St Catherine's

Craze, J.L., Faculty of Clinical Medicine

Davies, P.T.G., Faculty of Clinical Medicine

Deutsch, J.-G., St Cross

Edwards, J.E., Faculty of Clinical Medicine

Hammersley, M.S., Faculty of Clinical Medicine

Hermans, D., Faculty of Clinical Medicine

Loux, A.C., Faculty of Law

Quaghebeur, G., Faculty of Clinical Medicine

Rousseau, G.S., Magdalen

Santini, D., St Hilda's

Shefler, A.G., Faculty of Clinical Medicine

Squier, W.M.V., Green College

Whittingham, M.J., Faculty of Biological Sciences

Wright, N.J.G., MA, D.Phil., Christ Church

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BOARDS OF FACULTIES

For changes in regulations for examinations, to come into effect on 31 January, see `Examinations and Boards' below.

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