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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 15 June 2025
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Displaying 2736 contributions

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Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

Okay. Part of that deficit, it says, was an

“actuarial loss in pension planâ€

of £2.6 million. Can you explain to us what that was? I think that Napier had something similar.

Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

I accept that Edinburgh is different. On the surplus figures that you mentioned, the accounts for July 2024 show a surplus of £392 million for Edinburgh. I think that one of the major factors there is the pension scheme. Can you tell us why your pension scheme is a big positive—£350 million positive last year—compared with the others?

Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

Yes, okay. So, you just had a one-off good year last year but that could change.

Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

You were talking about restricted and unrestricted reserves. I see that the restricted reserves are £99 million and the unrestricted reserves are £2.1 billion, but a lot of that is, as you said, fixed assets. Presumably—the convener asked you about this already—if you stop building new buildings, that will protect your cash and your unrestricted reserves. Have you made any moves in that direction?

Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

In retrospect, do you think taking on 958 staff was a mistake?

Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

I looked at the financial statements of all your universities up to last July and I want to ask you a few questions about them. My first question is on reserves and I will start with Professor Rigby. Napier’s income for the year is something like £171 million and its reserves are £139 million. On the face of it, people might think that that is quite a healthy position and that £139 million in reserves is quite good. Could you tell us a little about the reserves, what they are intended for and what they should be—that kind of thing?

Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

When we are dealing with other organisations, perhaps charities and so on, they sometimes say that they want to have three or six months’ income or expenditure in reserves, that kind of thing. Does a university like yours have a target for what your reserves should be?

Education, Children and Young People Committee [Draft]

Universities (Financial Sustainability)

Meeting date: 4 June 2025

John Mason

Thank you. Professor Mathieson, your university is about eight or 10 times as big as either of the others, so it is a slightly different scale and your reserves are also of a slightly different scale, at about £3 billion. Are you in the same position as the other universities as to what that £3 billion is for?

Finance and Public Administration Committee [Draft]

Scottish Public Inquiries (Cost-effectiveness)

Meeting date: 3 June 2025

John Mason

Okay. Thank you.

Finance and Public Administration Committee [Draft]

Scottish Public Inquiries (Cost-effectiveness)

Meeting date: 3 June 2025

John Mason

I can follow that up elsewhere.