School Finance
Ashley Wang – Financial Controller
Finance Division
Mission Statement
LSE Finance aims to provide:
• Effective planning, management and
control of the School's financial resources
• Valuable financial services to governors,
staff, students and other stakeholders
Finance Division
School Finance
Funding Council grants
Tuition fees and education contracts
Research grants and contracts
Other income
Endowment and investment income
Staff costs
Other operating expenses
Depreciation
Interest payable
2013/14
£'000
%
24,429
9%
153,292
55%
27,038
10%
68,566
25%
5,791
3%
279,116
2013/14
£'000
%
147,175
56%
98,539
38%
8,748
3%
6,584
3%
261,046
Finance Division
Where to find us
Finance Division
Services - Finance Division
Finance Director
Mike Ferguson
Financial Control
& Operations
Ashley Wang
Financial
Accounting &
Compliance
Elena Landon
Payroll
Ben Hancock
Financial Planning
& Analysis
Andy Gladin
Fees, Income,
Credit Control &
Cashiers
Glenn Ruane
Tax
Steve Parsons
Financial
Systems
Keith Adams
Procurement
Accounts
Payable
Stuart Sharkey
Finance Division
Glen Humbles
How the Finance Division can help
New developments, regulations,
advice on the School's financial
policies
Mike Ferguson / Ashley Wang
7886 / 5041
Getting bills paid or employee
reimbursements
Stuart Sharkey
7878
Student fees, sales invoicing and
debt collection
Glenn Ruane
7889
Budget virements, queries and
forecast
Andy Gladin
6222
Payroll
Ben Hancock
7879
Travel facilities and petty cash
Shivinder Vaid
6372
Tax
Steve Parson
7886
Insurance and relocation
Irin Wu
5348
Purchasing and tenders
Glen Humble
5346
Finance Division
Financial Framework
External
• Financial memorandum
with HEFCE
• Companies Acts and
accounting standards
• Charities Act
• Tax regulations
Internal
• Council and Court of
Governors
• Finance Committee
• Academic Planning &
Resources Committee
• Audit Committee
• Director of the School
• Chief Financial Officer
• Secretary
• Finance Director
• Budget Controllers
LSE Financial Regulations
Finance Division
Financial Regulations
• Covers School and subsidiary
companies/joint ventures/partnerships
• Compliance is compulsory
• Authority required to sign contracts
• Any suspected fraud should be reported to
the CFO or Finance Director
• When in doubt, consult with staff in the
Finance Division
Finance Division
Additional Information
• Financial Awareness
• Regular training – how to use financial
reports
• Contact your FP&A manager
Finance Division