SCHEDULES

SCHEDULE 9United Kingdom Research and Innovation

15Annual report

1

UKRI must prepare a report on the exercise of its functions during each financial year.

2

The report must include the statement of accounts in respect of that year.

3

The report must include a statement regarding how UKRI has cooperated with the OfS during that year.

4

The report relating to a financial year must be prepared as soon as possible after the end of the financial year.

5

UKRI must send the report to the Secretary of State.

6

The Secretary of State must lay the report before Parliament.