The APRC Terms of Reference assign the following roles to SNAF and its subsidiary groups:
The SNAF Group meets at least three times per year to review the assumptions in the Rolling Plan as the basis for medium- and long-term planning of student numbers and related issues (including intake targets and fee levels). The Group determines the allocations within the Financial Plan relating to the scholarship schemes mainly funded by top-slicing fee income (as opposed to those schemes financed through specific endowments or donations). The Group regularly receives and considers measures to assess programme viability.
The SNAF group has three sub-groups:
Scholarships Group: A sub-group of SNAF, the Scholarships Group considers scholarship expenditure against allocations and revisions to the various schemes.
Admissions Group: A sub-group of SNAF, the Admissions Group meets regularly to monitor progress against the offer target section of the APRC Rolling Plan with a view to meeting the School’s intake targets. In-year adjustments are made to offer targets to reflect changing patterns of demand and to ensure the School’s financial targets are met, as necessary.
Fees Special Interest Group (Fees SIG): A sub-group of SNAF, the Fees SIG was formed in response to audit committee concerns regarding the School’s fee charging practices. The Group monitors and reviews existing practices to ensure that they are fit for purpose and makes recommendations to the SNAF Group as appropriate.