... Equality Working GroupaNew JNCHES Sustainability Issues Working Group An Insider’s Guide to Finance and Accounting in Higher EducationJanuary 2011british universitiesfinance directors group An ... Data4. But a later chapter will suggest some measures you can use to form a judgement. HEFCE’s Financial Memorandum suggests 2% as a target. For now, it’s worth noting that HEI surpluses vary ... only accountable to themselves, but companies and institutions are accountable to others – shareholders, employees, members of the public. They need to present a picture of what they’re worth...