We continue to work on improving the presentation of our Annual Report and Accounts, by adopting the principles of Integrated Reporting (IR). This is informed by the IR global framework and is intended to enhance accountability, transparency and readability of our Annual Report and Accounts, thus improving the trust between us and our stakeholders. We are continuing to use the framework to help us understand the resources we draw from that materially affect our ability to create value for our students, staff and external partners. This value creation remains at the heart of both our current Vision and Strategy 2016-2021 as well as our work in developing our new strategy.

This year’s Annual Report and Accounts consolidates our steps towards adopting IR. We continue to combine our previous Annual Report and Financial Statements into this single document and have expanded the narrative statements. We have retained our value creation document to show how we draw from a number of different resources. We have set out how our activities add value for our stakeholders, through a series of case studies, real examples of where we create and add value to members of our community. These emphasis the actions we have taken to support members of our community through the challenge of the COVID19 pandemic.

The Annual Report and Accounts has been informed by the IR framework developed by the International Integrated Reporting Council (IIRC). This year we have expanded our approach to risk and corporate governance structure and provided more evidence of our performance through the inclusion of two further key performance indicators (KPIs) supporting our environmental sustainability. More importantly we have revised our production process to facilitate greater consultation with members of our approving Committees of the content of the Annual Report and Accounts.

It is our intention to further develop and enhance the content of the Annual Report and Accounts over the coming years to support the delivery and reporting of performance againstnew strategy.

We hope you find this document informative and useful.