Glossary
R14
The final ILR return of the funding year and the last opportunity to amend that year's data.
In full
R14 is the final hard close. After it, the funding position for the year, the population used for qualification achievement rates and the sampling frame for audit are all fixed.
Everything that was going to be corrected has to be corrected before it. Preparation for R14 starts well before the deadline, not in the week of it.
The rules behind this
The final return of the funding year is the last opportunity to amend that year's data. After it closes, the funding position, the performance measures and the audit population for the year are all fixed.
Where this comes up
module
Closing the funding year properly
At the final return the funding, the achievement rates and the audit population are all fixed at once. Everything that will be corrected has to be corrected before it.
module
The collection year: what each return is for
Fourteen returns, each restating the whole year. Three of them matter more than the others, and knowing which is most of the job.
Sources
These are the official documents this page rests on. Where a figure, a deadline or an exact rule matters, the document is the authority and this page is the explanation.
Content reused from GOV.UK is Crown copyright, used under the Open Government Licence. FEFunding is not endorsed by the Department for Education.