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Introduction to the University's financial regulations - Assets



The Director of Estates

The Director of Estates is responsible for the Buildings and Estates function within the University, including custody and physical security of all University buildings and other resources related to this function. In considering the degree and form of security for particular buildings, the Director of Estates shall be informed by the recommendations and requirements of the relevant Heads of Departments and the Head of Security.

Heads of Departments

Heads of Departments are responsible for the security and custody of all other University assets, whether tangible or intellectual.

Stores, IT equipment and other especially valuable assets must be handled in accordance with the appropriate Financial Procedures issued by the Director of Finance. It is the Heads of Departments' responsibility to ensure that in organising the work of their Unit, account is taken of the Director of Finance's latest Financial Procedures on any subject affecting their Unit. Staff will be allowed to remove the appropriate equipment for use at their home address where they have permission from the Head of Department to work at home and departments should retain a log of such equipment and this must be returned by the member of staff when they leave the University’s employment.

Asset Registers and Disposals

The Director of Finance will maintain a central asset register for equipment with an initial cost in the excess of £25,000

Heads of Departments are responsible for maintaining a departmental asset register and for operating that register in accordance with the procedures set out in Equipment Policy.

Disposal of University property must be made in accordance with the procedure set out in the Equipment Policy.


If you have any questions, please contact us.

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