Glossary
R04
The fourth ILR return of the funding year, closing in early December. For FE colleges it is the main source of the student numbers used in the following year's 16 to 19 allocation.
In full
R04 closes in early December. For 16 to 19 provision at FE colleges it matters most, because the students it records at the 1 November reference date are the main basis of the following year's student numbers. DfE also compares the R06 figures before setting the method.
Because 16 to 19 funding is lagged, an R04 error does not usually change this year's cash. It changes next year's allocation, which is why it is checked more carefully than any other in-year return.
Where this comes up
Sources
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