Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices , but deviate from the spirit of those rules with questionable accounting ethics —specifically distorting results in favor of the "preparers", or the firm that hired the accountant. They are characterized by excessive complication and the use of novel ways of characterizing income, assets, or liabilities , and the intent to influence readers towards the interpretations desired by the authors. The terms "innovative" or "aggressive" are also sometimes used. Another common synonym is "cooking the books". Creative accounting is oftentimes used in tandem with outright financial fraud (including securities fraud ), and lines between the two are blurred. Creative accounting practices are known since ancient times and appear world-wide in various forms.
108-590: Hatfield College is one of the constituent colleges of Durham University in England. It occupies a city centre site above the River Wear on the World Heritage Site peninsula, lying adjacent to North Bailey and only a short distance from Durham Cathedral . Taking its name from a medieval Prince-Bishop of Durham , the college was founded in 1846 as Bishop Hatfield's Hall by David Melville ,
216-541: A Bermuda -based special-purpose entity subsidiary for a nominal amount, and then went on to "charge itself" licensing fees that Nike Inc. had to pay to the subsidiary in order to use its own brand in Europe. The Dutch tax authorities were aware of and approved of this siphoning structure, but did not publish the private agreement they had with Nike. The licensing fees totaled $ 3.86Bn over the course of 3 years and were discovered due to an unrelated U.S.-based lawsuit as well as
324-606: A $ 3.9Bn check from Bank of America . The publicly listed company stated to investors that it had about $ 2Bn in liabilities (this figure was accepted by its auditors Deloitte and Grant Thornton International ), but once audited more vigorously during the bankruptcy proceedings, it was discovered that the company's debt turned out to actually be $ 14.5Bn. This massive debt was largely caused by failed operations in Latin America and increasingly complex financial instruments used to mask debt—such as Parmalat "billing itself" through
432-557: A 1963 matriculant, later recalled that his contemporaries 'were expected to excel in most sports and particularly rugby'. Colleges of Durham University The Colleges of Durham University are residential colleges that are the primary source of accommodation and support services for undergraduates and postgraduates at Durham University , as well as providing a focus for social, cultural and sporting life for their members, and offering bursaries and scholarships to students. They also provide funding and/or accommodation for some of
540-670: A collegiate structure similar to that of the University of Oxford and the University of Cambridge , in that all colleges at Durham, being constituent colleges of a "recognised body", are "listed bodies" in the Education (Listed Bodies) (England) Order 2013 made under the Education Reform Act 1988. The "recognised body" in this case is Durham University. Though most of the Durham colleges are governed and owned directly by
648-561: A computer, which was subsequently adopted. The commercial design for the arms was changed once again in 2005. Similar to most Bailey Colleges , the wearing of the undergraduate academic gown is required for formal events, including to the matriculation ceremony and all formal dinners held in college. In Michaelmas term (first term), formal dinners are held twice each week, on Tuesday and Friday. Epiphany term (second term) sees this reduced to mainly Fridays, while few formals are held during Easter term (third term) as students' attention
756-658: A different door to enter the Castle dining hall than the University College students, and, in contrast to the University College contingent – turning to face the High Table during grace. The political situation in Europe impacted college activities: during one memorable rag week in 1936, Hatfield students staged a mock Nazi procession to the nearby Market Square, with participants dressing in jackboots, brown shirts , and fascist armbands. One of them, Joe Crouch,
864-677: A few months later. The U.S. Securities and Exchange Commission (SEC) filed charges and convicted multiple Merrill Lynch executives of aiding the fraud. In 2001–2002, Goldman Sachs aided the government of Greece after its admission to the Eurozone to better its deficit numbers by conducting large currency swaps . These transactions, totaling more than 2.3 billion Euros, were technically loans but concealed as currency swaps in order to circumvent Maastricht Treaty rules on member nations deficit limits and allowed Greece to "hide" an effective 1 billion euro loan. After Goldman Sachs had engineered
972-488: A film to distort the profit participation promised to certain participants of the film's earnings. Essentially, participants in the gross revenue of the film stay unaffected but profit participants are presented with a deflated or negative number on profitability, leading to less or no payments to them following a film's success. Famous examples of deceiving good faith profit participants involve Darth Vader actor David Prowse (with $ 729M adjusted gross earnings on Return of
1080-479: A flat fee". Previously, university students were expected to furnish their rooms themselves. This concept came from the young founding master, David Melville, who believed his model would make a university education more affordable. Essentially, the three principles were that rooms would be furnished and let out to students with shared servants, meals would be provided and eaten in the college hall, and college battels (bills) were set in advance. This system made Hatfield
1188-455: A fluent German speaker, comically impersonated Adolf Hitler and delivered an impromptu speech to the assembled crowd. In 1938, fears of an impending war resulted in the construction of an air raid shelter , with dons and servants digging trenches in the Master's garden (now Dunham Court). Gas masks were issued to college residents. Meanwhile, a recent decline in the number of freshers , and
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#17327872103911296-427: A former Oxford don . Melville disliked the 'rich living' of patrician undergraduates at University College , and hoped to nurture a collegiate experience that would be affordable to those of limited means; and in which the students and staff were to be regarded as part of a single community. In line with his ambitions, the college pioneered the concept of catered residences for students , where all meals were taken in
1404-406: A high intake of students from English public schools . College administration, on the other hand, preferred to highlight the willingness of students to get involved in a wide variety of university activities; and argued that 'Hatfield man', contrary to his reactionary image, had often been at the forefront of significant reform on campus. College architecture is an eclectic blend of buildings from
1512-562: A limited company established as a joint venture between Durham and the University of Teesside operating under the name of University College Stockton, this became a teaching and residential college of Durham in 1994 as University College Stockton (UCS), the JUCOT company being wound up. In 1998 the teaching and residential aspects were separated, with teaching becoming the responsibility of the University of Durham, Stockton Campus. In 2001 UCS
1620-513: A more 'contemporary' manner. After many decades as a single-sex institution, the first female undergraduates were formally admitted in Michaelmas term 1988. The establishment of the college in 1846 as a furnished and catered residence with set fees was a revolutionary idea, but later became the general standard for university accommodation in the modern sense: an "arrangement where students would be provided with furnished rooms and meals for
1728-504: A more economical choice when compared to University College , whose students were generally wealthier, and ensured that student numbers at Hatfield built up steadily. Melville's model was introduced to the wider university after an endorsement from the Royal Commission of 1862. Although not intended as a theological college , for the first 50 years the majority of students tended towards theology, while senior staff members and
1836-399: A population of 1,339 students. There are 1,007 full-time undergraduates and 3 part-time undergraduates. Postgraduate figures include 55 students on full-time postgraduate research programs and 111 studying for full-time postgraduate taught programs, plus a further 94 part-time postgraduate students (research and taught) as well as 69 distance learning students. The Junior Common Room (JCR)
1944-475: A potential Greek default would not affect Goldman Sachs. Italian dairy giant Parmalat employed a number of creative accounting and wire fraud schemes before 2003 that lead to the largest bankruptcy in European history. It sold itself Credit-linked notes with the help of Merrill Lynch through a Cayman Islands special-purpose entity and over-accounted for their value on the balance sheet. It also forged
2052-587: A recognised college until 1979, when it was taken over by the university and became a maintained college. Prior to this, the two colleges had specialised in the teaching of education ; on becoming a maintained college the teaching part of Hild Bede was separated from the college to become the university's School of Education. The Graduate Society became a full college in 2003 and was subsequently renamed Ustinov College . The Home Students Association (for non-collegiate women) became St Aidan's Society in 1947 and subsequently St Aidan's College in 1961. Hatfield College
2160-399: A reputation for being haunted by a female spirit , recognisable by the aroma of a distinctive perfume. At the west end of the dining room is Kitchen Block, which features the main kitchens as well as a small number of student rooms and offices on the higher floors. 'C Stairs', holding the C accommodation block, was officially opened in 1932 by Lord Halifax . It replaced an earlier section of
2268-500: A row with Master Thomas Whitworth (1957–1979) over whether or not jeans counted as formal wear. Reforms were subsequently introduced. Joint standing committees, composed equally of staff and students, were set up to "deliberate almost every conceivable topic" and the undergraduate Senior Man was allowed to take part in meetings of the college's governing body. By 1971, a "liberal and balanced" Governing Body had been achieved: consisting of 4 college tutors, 4 elected tutors, 4 delegates from
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#17327872103912376-631: A seminary in 2011 due to a declining number of vocations in the Catholic Church, but remains recognised as a licensed hall in the University's statutes. Part of the college is now used by Durham Business School , and it is also used for conferences and lectures by the Department of Theology and Religion. In 1852, the School of Medicine and Surgery (founded in 1834) in Newcastle upon Tyne
2484-536: A sharp fall in numbers. This was caused initially by the decision to isolate science courses at the campus in Newcastle , an increased tendency to train priests at specialised colleges, poor finances, and finally the outbreak of the First World War . For 15 years after 1897, total students in residence numbered above 100. This had fallen to 69 in 1916, 2 in 1917, and to 3 in 1918. After the war finished there
2592-402: A subsidiary called Epicurum. It was also discovered that its CEO Calisto Tanzi had ordered the creation of shell accounts and diverted 900M Euros worth into his private travel company. In order to avoid taxes on profits, multinational corporations often make use of offshore subsidiaries in order to employ a creative accounting technique known as "Minimum-Profit Accounting". The subsidiary
2700-414: A variety of modernist styles. The architect for the concrete St Aidan's College was Sir Basil Spence ; the original design called for the brutalist dining hall to be balanced by a chapel, but this was never built. Van Mildert College by Middleton, Fletcher and Partners follows a "conventional modern idiom" with a formal layout around the lake, serrated blocks and cloistered walks. Collingwood College
2808-528: A variety of situational motivations for doing so, including: Creative accounting can be used to manage earnings. Earnings management occurs when managers use judgment in financial reporting and in structuring transactions to alter financial reports to either mislead some stakeholders about the underlying economic performance of a company or influence contractual outcomes that depend on reported accounting numbers. Practiced by some Hollywood film studios, creative accounting can be used to conceal earnings of
2916-432: A variety of styles and periods. The sloping main courtyard contains an eighteenth-century dining hall, the restrained Jacobethan Melville Building (designed by Anthony Salvin ), a Victorian Gothic chapel, and the 'inoffensive neo-Georgian ' C Stairs. The trend for revivalist and traditional buildings was disposed of with the modern Jevons Building, located in the college's second courtyard, which interprets older forms in
3024-582: Is a great deal of intercollegiate rivalry, particularly in rowing and other sporting activities. There is also rivalry between the older colleges of the Bailey and the newer colleges of the Hill. The University is collegiate in structure. There are four different sorts of college: Maintained Colleges and Societies, Recognised Colleges, Licensed Halls of Residence, and Affiliated Colleges. The University validates degrees at other colleges not recognised under any of
3132-571: Is created in a tax haven —often just as a shell company—then charges large fees to the primary corporation, effectively minimizing or wholly wiping out the profit of the main corporation. Within most parts of the European Union and the United States , this practice is perfectly legal and often executed in plain sight or with explicit approval of tax regulators. Nike, Inc. famously employed offshoring by selling its Swoosh logo to
3240-554: Is for undergraduates in the college. It annually elects an executive committee consisting of 10 members, including an impartial chair, who run the JCR in conjunction with college officers. Unlike other colleges, Hatfield exclusively retains Senior Man as its title for the head of the JCR, having rejected a motion to move to "JCR President" in May 2014. A motion to allow the incumbent to choose between "Senior Man", "Senior Woman" or "Senior Student"
3348-945: Is increasingly focused on exams and assignments. A High table , consisting of senior staff, is also present during formal meals. Unique to Hatfield is the tradition of 'spooning', in which students bang spoons on the edge of the table or on silverware for several minutes before the formal starts. The act immediately ceases when the High Table walks in. Benedicte Deus, qui pascis nos a iuventute nostra et praebes cibum omni carni, reple gaudio et laetitia corda nostra, ut nos, quod satis est habentes, abundemus in omne opus bonum. Per Jesum Christum, Dominum Nostrum, cui tecum et Spiritu Sancto, sit omnis honor, laus et imperium in saecula saeculorum. Amen. This can be translated as: Blessed God, who feedest us from our youth, and providest food for all flesh, fill our hearts with joy and gladness, that we, having enough to satisfy us, may abound in every good work, through Jesus Christ our Lord, to whom with thee and
Hatfield College, Durham - Misplaced Pages Continue
3456-471: Is located along with the Education Department on Gilesgate , on the opposite side of Durham from Elvet Hill. Ustinov College , the university's only postgraduate-only college, is based at Sheraton Park on the same side of the city as Elvet Hill but further from the city centre, which was formerly the home of Neville's Cross College . Some colleges also have accommodation in other parts of
3564-487: Is mainly made up of students who support regular worship in the chapel, but also sing at other churches and cathedrals, with annual tours undertaken both at home and abroad. A further scholarship, the Matthew Fantom Organ Scholarship, is available to those students in the early stages of learning to play the organ and who would not be ready to apply for the regular organ scholarships. Opposite
3672-528: Is no formal teaching at most Durham colleges (although St John's and St Chad's have their own academic and research staff and offer college-based programmes in conjunction with the University). The colleges dominate the residential, social, sporting, and pastoral functions within the university, and there is heavy student involvement in their operation. Formal dinners (known as "formals") are held at many colleges; gowns are often worn to these events. There
3780-416: Is no particular significance to the variation. The heads of the maintained colleges are also part-time members of an academic department. A number of colleges have been part of Durham University but have since folded or cancelled their association with the university. Durham University currently recognises seventeen colleges. However, since its foundation in 1832, a number of other colleges have been part of
3888-446: Is set in a fictional university town, whose resemblance to Durham is close enough to require Lewis to insist in the book's preface that it is not so. Cooking the books "Every company in the country is fiddling its profits. Every set of published accounts is based on books which have been gently cooked or completely roasted. The figures which are fed twice a year to the investing public have all been changed in order to protect
3996-555: The College of Arms , and its display, including the use of Bishop Hatfield's shield, was both inappropriate and illegal. Consequently, it sought a grant of its own from the College of Arms, which was approved. The new arms were based on Hatfield's shield, but to difference the college's arms from the bishop's, a crown and plumes above the shield was added, with an ermine border and the college motto scrolled underneath. This new crest
4104-403: The College of Arms . South College for instance, does not have the legal rights to bear arms and therefore recognised its trademark as a badge. From its foundation until 1954, Hatfield College have its arms assumed from that of Thomas Hatfield , and its display, including the use of Bishop Hatfield's shield, was both inappropriate and illegal. Consequently, it sought a grant of its own from
4212-684: The Paradise Papers . In 2014, the Bermuda deal with Dutch authorities expired, and Nike shifted the profits to another offshore subsidiary, a Netherlands -based Limited Liability Partnership (CV, short for Commanditaire Vennootschap , generally known as a Kommanditgesellschaft ). Through a Dutch tax loophole, CV's owned by individuals that are residing in the Netherlands are tax-free. Exploiting this structure saved Nike more than $ 1Bn in taxes annually and reduced its global tax rate to 13.1%;
4320-437: The United States . According to critic David Ehrenstein , the term "creative accounting" was first used in 1968 in the film The Producers by Mel Brooks , where it is also known as Hollywood accounting . The underlining purpose for creative accounting is to "present [a] business in the best possible light" typically by manipulating recorded profits or costs. Company managers who participate in creative accounting can have
4428-489: The "accounting fraud involving the surreptitious removal of tens of billions of dollars of fixed income securities from Lehman's balance sheet in order to deceive the public about Lehman's true liquidity condition". Enron had done exactly the same about 10 years earlier; in their case, Merrill Lynch aided Enron in bolstering profitability close to earnings periods by willfully entering repurchase agreements to buy Nigerian barges from Enron , only for Enron to buy them back
Hatfield College, Durham - Misplaced Pages Continue
4536-652: The 1920s created uncertainty. Hatfield had more students than University College yet lacked the facilities, especially kitchens, to accommodate them. University College , on the other hand, was comparatively undersubscribed. To address this, the two colleges effectively amalgamated under the guidance of Angus Macfarlane-Grieve , and all meals were taken together in the Great Hall of University College , while each college retained its own set of officers and clubs. Unhappy with this arrangement, some Hatfielders expressed their separate identity in trivial ways: for example, using
4644-523: The 1980s Hatfield Day was 'not an occasion to which children or maiden aunts could be invited'. Problems included offensive student pranks, vandalism, and an inability to contain events within the confines of the college. Arrests were not unknown. The Hatfield Day of 1984 required County Durham Fire Brigade to extinguish a fire set by a student. With the admission of female undergraduates, Hatfield Day became notably 'less coarse' as women members of JCR now 'exerted an influence' on behaviour. The college song
4752-474: The College of Arms, which was approved. The blazons below are taken from Durham University Statutes and Regulations. Each college also has its own colours used on items such as scarves and rowing blades . The senior member of each college is an officer known generically as the Head of College or Head of House. His or her specific title varies from college to college as indicated in the list below, but there
4860-404: The College of Medicine was joined by the College of Physical Science, later renamed Armstrong College . Relations between the two campuses were often strained. They became two autonomous parts of the same university, with the Newcastle colleges merging to become King's College in 1937. In 1947 a proposal to rename the university as the "University of Durham and Newcastle" was approved by all
4968-605: The Holy Spirit, be all honour and praise and power for all ages. Amen. Since 1846 the grace has been read at all formal meals in college. It is popular at alumni dinners, where an attempt to read the grace in English was badly received by guests. Widely used in the fourth century and based on earlier Hebrew prayers, it was translated from the Greek and adopted by Oriel College, Oxford . Hatfield copied it practically verbatim;
5076-437: The JCR was sued by representatives of the band Mud after a student ruined four speakers by pouring beer into an amplifier during a performance at a college ball. Hatfield also became co-educational, which at the time was only 'grudgingly accepted' by the college. In 1985, talk of going mixed was stimulated by the low numbers of applicants selecting Hatfield as their preference, and a recent decline in academic standards – with
5184-518: The Jedi ) and Forrest Gump novel writer Winston Groom (with $ 661M gross theatrical revenue) —both of whom have been paid $ 0 on their profit participation due to the films "being in the red". This form of creative accounting—now considered a criminal offense in Japan, where it originated—involves the sale, swap or other form of temporary trade of a liability of one company with another company within
5292-724: The Junior Common Room, and a representative from the Hatfield Association alumni group. Writing in the same year, a satisfied Whitworth was able to boast of warding off the "mischievous opportunism" of student "exhibitionists". The leadership of James Barber (1980–1996) was a period of significant change. Student numbers rose, increasing to over 650 by the time Barber finished his tenure in office. Living out became compulsory for students for at least part of their career, and many existing buildings were either rebuilt or refurbished to make room for students: The Rectory
5400-523: The University itself, and so do not enjoy the independence of colleges at Oxford and Cambridge, the status of the Durham colleges is similar to those in Oxford and Cambridge, setting Durham colleges apart from those at the universities of Kent , Lancaster , and York . However, unlike at Oxford and Cambridge (and federal universities such as London and the University of the Highlands and Islands ), there
5508-538: The University's Ustinov College in 2017. Ushaw College was a Catholic seminary located in Ushaw Moor , a village to the west of Durham. It was opened in 1808 by scholars who had fled from Douai , France , when English College was forced to close during the French Revolution . It affiliated with Durham as 'Licensed Hall' in 1968, though it retained its role primarily as a seminary. It shut as
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#17327872103915616-457: The above categories. Current arrangements include the validation of the Church of England 's Common Award at a number of theological colleges. The Royal Academy of Dance also used to teach courses leading to degrees validated by Durham. Most colleges can be classified into two groups: Bailey colleges, located on Durham's peninsula around Durham Cathedral , and Hill colleges on Elvet Hill on
5724-402: The building of Durham's 19th college scheduled to start in 2025 neighbouring Hild Bede. The colleges built on Elvet Hill each have their own distinctive architecture. The first college built in the area, St Mary's in 1952, was designed by Vincent Harris and has been described as both neo-Georgian and domestic-classical . It set a "colleges-in-a-green-landscape" tone that was followed by
5832-591: The city, most notably St Cuthbert's Society, which has its headquarters on the Bailey but its largest accommodation blocks at the end of Old Elvet , across the river from St Hild and St Bede. The university announced in 2017 its intention to build four to six new colleges by 2027. The first of these, South College , opened in 2020 on the Mount Oswald site, alongside a new home for John Snow College which relocated from Queen's Campus in 2018. In 2023, it
5940-474: The coaching inn used since the founding of the college. Designed by Anthony Salvin , A & B Stairs – also used for undergraduate housing – was completed in 1849 at a cost of £4,000, and was the first purpose-built part of the college. Containing A and B accommodation blocks, it was renamed and rededicated as the Melville Building in 2005 after a £1million refurbishment. Author Josceline Dimbleby ,
6048-542: The college bar and café is located in Jevons, while Pace has a TV lounge, a music room, a kitchen, two gyms, and the JCR Common Room. The college chapel was conceived in 1851 and built by 1854, funded by donations by alumni and topped up with a loan of £150 from the university. Designed by Bishop Cosin's Hall chaplain, James Turner (also a trained architect), it contains head sculptures of William Van Mildert ,
6156-454: The college believes this was likely influenced by the Rev. Henry Jenkyns, a Fellow of Oriel before becoming Professor of Greek and Classical Literature at Durham. Hatfield Day is a day of festivities held every June to celebrate the end of exams. Traditions include 'Storming the Castle', in which Hatfield students wake up early to rush the courtyard of University College and sing college songs. By
6264-498: The college finishing bottom of the results table the previous year. Ignoring threats of hooliganism, the Senior Common Room decided in May of that year to push forward with plans to go mixed. In March 1987, a student referendum was held, with 79.2% voting for the college to remain men only. The Senate decided that, despite the referendum result, the college would in fact go mixed – and the first female undergraduates arrived
6372-461: The college had begun a project to replace the remnants of a much older gatehouse that was in poor condition. The new pseudo- Georgian replacement was completed by Easter 1962 for a total cost of £55,000. To provide an unbroken front to the North Bailey, decorative gates and railings were installed in the aftermath. Named after alumnus Kingsley Dunham , Dunham Court is the second quadrangle of
6480-492: The college, acted as Bursar, allowed undergraduates to take on some debt and even loaned them money, often employing rather creative accounting practises in the process. In 1880, a tennis court was installed for the first time, occupying roughly the same space as the current one. In the 1890s, the college purchased Bailey House and the Rectory (despite its name, most previous occupants were laymen) to accommodate more students. As
6588-486: The college. Accessed through an underpass by the chapel, it comprises two buildings, Jevons ( Frank Jevons ) and Pace (Edward Pace). An influx of extra students after the war stimulated demand for more accommodation and the garden of the old Jevon's House provided the available space. The new building, described by Pevsner as "friendly", with a "nice rhythm of windows towards the river", was finished in 1950 and named after former Vice-Master Edward Pace. The college commenced
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#17327872103916696-523: The death that year of John Hall How, the Master of University College, gave rise to rumours that Hatfield would be annexed to its older neighbour. In October 1939, Hatfielders were barred from their own college when the university decided to use Hatfield as a temporary site for the new Neville's Cross College , an institution for training women teachers. Having spent over a decade taking meals in Castle, they would now be prevented from using Hatfield buildings altogether. Without its own buildings and Master, and
6804-426: The end of the century drew closer, the balance of undergraduate students rapidly shifted away from theology. In 1900, there were 49 arts students who had matriculated within the previous 3 years, and 20 in theology. By 1904, just 9 theology undergraduates are recorded, compared to 57 in arts. The inter-war period saw a decline in college fortunes. In the first two decades of the 20th century, Hatfield had experienced
6912-426: The establishment as Hatfield College . Just 24 hours after installation, a group of students from a rival Bailey college were caught trying to remove the plaque as a sporting trophy. In 1963, the college received its first taste of student protest , when a "militant minority group of young gentlemen united under the banner of International Socialism ". Around the same time students voted to boycott formal dinners after
7020-457: The financial instrument and sold it to the Greeks—simply shifting the liabilities in the future and defrauding investors and the European Union , the investment bank's president Gary Cohn pitched Athens another deal. After Greece refused the second deal, the firm sold its Greek swaps to the Greek national bank and made sure its Short and Long positions towards Greece were in balance—so that
7128-607: The following year. Much more extensive when first occupied by Hatfield, since then "substantial parts of the building" have been replaced by newer structures. Apart from the dining room, what remains are spaces adjoining it that were once used by travellers, but are now filled by the Senior Common Room (SCR) – formerly a card room – the SCR dining room; and finally, on the higher floors, the 'D Stairs' student accommodation block, which comprises 13 twin rooms. D Staircase has had
7236-431: The following year. The first female Senior Man held the post in 1992. Her election win, by a single vote, prompted some students to declare a mock 'week of mourning' and walk around the college wearing black arm bands. The oldest part of the college site is likely what is now the dining room, believed to date back to the 17th century. It originally formed part of a town house owned by a wealthy member of local society, and
7344-508: The founder of the university, and Warden Thorp , the first Vice-Chancellor. Commemorative oak panels mark the fallen of the First World War , with a book of remembrance naming those lost in the Second World War . The chapel houses a Harrison & Harrison organ, which is used to accompany services and for recitals. In 2001, it was refurbished at the cost of £65,000. When Hatfield was founded, attendance at cathedral services
7452-524: The gatehouse on North Bailey is Bailey House, an accommodation block which provides 50 single rooms, plus a communal and kitchen area on the ground floor. Palmers Garth is located across the Kingsgate Bridge over the River Wear. It offers 8 twin and 41 single rooms for 57 students. The building was formerly used for administration by the university, and once hosted the careers service until it
7560-462: The governing bodies, but was defeated at convocation by 135 votes to 129 in the spring of 1952. This defeat led to King's College eventually leaving the university, to create the new University of Newcastle upon Tyne in 1963. in connection with the University of Durham 1852 Sunderland Technical College was affiliated to Durham from 1930 to 1963 in the Faculty of Applied Science, and
7668-963: The great-great-granddaughter of David Melville, was invited to perform the ceremony. The Rectory was acquired in 1897, and is the administrative hub of the college, encompassing as it does the offices of the Master, the Vice-Master & Senior Tutor, the Assistant Senior Tutor, the Chaplain, the Senior Administrative Secretary, the Senior Tutor's Secretary, the Finance Officer and the Hatfield Trust/Association. The Birley Room, used for social functions, can be found at
7776-667: The ground floor of the Rectory. Added to the college at the same time as the Rectory, Hatfield Cottage is in between the redundant church of St Mary-le-Bow (now the Durham Museum and Heritage Centre ) and Gatehouse Block. It is where the Middle Common Room (MCR) is now located, having moved from its former space in Kitchen Block. Gatehouse Block is to the right of the entrance and houses the porters' lodge . It also has single and twin use student rooms. In 1961
7884-479: The guilty. It is the biggest con trick since the Trojan horse . ... In fact this deception is all in perfectly good taste. It is totally legitimate. It is creative accounting." Ian Griffiths in 1986, describing creative accounting The term as generally understood refers to systematic misrepresentation of the true income and assets of corporations or other organizations. "Creative accounting" has been at
7992-409: The hall, and occupants charged fixed prices for board and lodgings — this system became the norm for Durham colleges, and later on at Oxford and Cambridge , before spreading worldwide. As the 20th century progressed, Hatfield was increasingly characterised by its irreverent atmosphere among undergraduates, reputation for academic indifference, sporting achievement — especially in rugby — and possessing
8100-497: The holding's portfolio, often solely created to conceal losses of the first firm. These schemes were popular in the 1980s in Japan before the government instituted harsher civil laws and eventually criminalized the practice. The Enron scandal revealed that Enron had extensively made use of sub-corporations to offload debts and hide its true losses in a Tobashi fashion. Lehman Brothers utilized repurchase agreements to bolster profitability reports with their Repo 105 scheme under
8208-523: The issue of the ongoing war, Hatfield was in a poor position to recruit new students, an era later described as the "wilderness years" by college archivist Arthur Moyes. However, the college received an unexpected new lease of life when the Royal Air Force established short courses at the university for some of its cadets, and soon these cadets made up half of the Hatfield student body. This led
8316-406: The largest building project in its history when it demolished old Jevon's House, a "property of advanced decrepitude" once occupied by the bare-knuckle boxer and politician John Gully before its purchase by the university. As parts of the building had become dangerous by this point, the entire structure had to be removed. Construction of the new modernist style Jevons Building, which would complete
8424-452: The new Dunham Court, began in June 1966. It was officially unveiled in a ceremony in June 1968, attended by both Kingsley Dunham and Lord Lieutenant of Durham James Duff . It won a Civic Trust Award the following year. In 1972 a fishpond, since removed, was constructed in the centre of the court at the encouragement of senior college officers. Both buildings contain rooms and social spaces:
8532-428: The new Master. The post-war period saw Hatfield once again faced with the familiar problem of squeezing in a larger student population, as the war had created a growing backlog. More buildings were constructed and refurbished. Moreover, accommodation was acquired away from the main site and the Senior Common Room was established. In 1962, it was decided that a brass plaque should be fixed to the college gates identifying
8640-429: The other hill colleges, even while their architectural styles varied widely. The next, Grey College (1959) was designed by T. Worthington of Thomas Worthington and Sons. It was built of brick in a domestic Georgian style, and has been called the most architecturally disappointing of the post-war colleges, looking like "a mature suburban housing estate". After this, the remainder of the post-war colleges were built in
8748-458: The other side of the river. The five Bailey colleges are located in historic buildings on The Bailey , the peninsula around the castle and cathedral that forms the historic centre of Durham. They include most of the older colleges of the university. The Hill colleges are located in purpose-built buildings on Elvet Hill to the south of the city, close to the Mountjoy site which houses most of
8856-569: The personal shield of Thomas Hatfield ( Azure, a chevron or, between three lions rampant argent ). The crest was made circular in design and was accompanied with the Latin motto "Vel Primus Vel Cum Primis", which literally means "Either First or With the First", though is now loosely interpreted by the college as "Be the Best you can Be". In 1954, the college learned that its crest was unregistered with
8964-422: The principal were in holy orders . Under William Sanday (1876–1883) student numbers rose considerably, prompting a desperate search for extra rooms. It was forced to rent 3 South Bailey (now part of St John's College ) in 1879 to accommodate them. Though Hatfield was run on the most economical lines, student poverty was a frequent problem. Dr Joseph Fowler, who, apart from his roles as Chaplain and Senior Tutor in
9072-446: The research posts in the University. All students at the University are required to be members of one of the colleges. Durham University has 17 colleges, of which University College is the oldest, founded in 1832. The newest college is South , founded in 2020. The last single-sex college, St Mary's , became mixed in 2005 with the admittance of male undergraduates. One college, Ustinov , admits only postgraduates . Durham operates
9180-570: The revision of the University's statutes approved by the Queen in Council on 13 July 2011. The College of St Hild and St Bede was formed from the merger of two separate colleges in 1975. The College of the Venerable Bede (usually known as Bede College) had been an all-male college formed in 1838, with St Hild's College formed as an all-female college in 1858. The merged college continued as
9288-420: The root of a number of accounting scandals , and many proposals for accounting reform —usually centering on an updated analysis of capital and factors of production that would correctly reflect how value is added. Newspaper and television journalists have hypothesized that the stock market downturn of 2002 was precipitated by reports of "accounting irregularities" at Enron , Worldcom , and other firms in
9396-470: The settings for the events in Angels and Men , Durham alumna Catherine Fox's first novel (published by Hamish Hamilton in 1996). The location is nowhere stated explicitly, but it is obvious to anyone familiar with the city and the university that it takes place in Durham; Jesus and Coverdale are modelled (very closely) on St John's College and Cranmer Hall . That Hideous Strength (1943) by C. S. Lewis
9504-635: The university to postpone plans to merge Hatfield with University College. Plans were revived again in 1943, but met the strong opposition of Hatfield dons, especially Hedley Sparks . In 1946, the centenary year of the college, members formed the Hatfield Association to both represent alumni and demonstrate to the university council that Hatfield was supported. The university finally decided that from October 1949, Hatfield would be reestablished as an independent college – with Vindolanda archaeologist Eric Birley (1949–1956) appointed to serve as
9612-547: The university's campus in Stockton-on-Tees finished, all colleges have been located in Durham City. The student numbers in the table below are up to date for the 2010/11 year. U = Undergraduates, P = Postgraduates, F = Female, M = Male Each college and societies of the university has its own arms , although in some cases, particularly for new colleges, these were assumed as insignia rather than granted by
9720-431: The university's departments and central facilities. The first hill college was St Mary's , which moved in 1952 from the Bailey. All new colleges founded in Durham since then have been on Elvet Hill, and as of 2020 houses it eight colleges, with two more under construction. Two colleges do not fit into this grouping: the College of St Hild and St Bede , formed in 1975 as a merger of two Victorian teacher training colleges,
9828-415: The university. Two of these have become completely defunct; others have ended their association with the university, or left to become independent institutions of their own. Bishop Cosin's Hall on Palace Green was opened as the university's third college in 1851. However, a collapse in student numbers in the late 1850s and 1860s meant the university was unable to sustain three colleges at the time, and it
9936-470: The watch of the accounting firm Ernst & Young . The scheme consisted of mis-reporting a Repo (a promise to re-buy a liability or asset after selling it) as a sale, and timing it exactly in a way that half of the transaction was completed before a profitability reporting deadline, half after—hence bolstering profitability numbers on paper. Public prosecutors in New York filed suit against EY for allowing
10044-420: Was a temporary leap to more than 60 undergraduates, but by 1923 there were just 14 men on the college books. In 1924, a new science department was established in Durham, and this, along with the active recruiting efforts of new Master Arthur Robinson (1923–1940), achieved gains in student numbers. Within five years of Robinson's appointment they had quintupled from the low of 1923. However, the economic crisis of
10152-522: Was absorbed into the University of Durham as the College of Medicine, allowing students to study for the Licence in Medicine in Durham, after which students could practise Medicine and take the degrees of Bachelor and Doctor in Medicine. At the same time, Neville Hall was opened in Newcastle 'for the reception of Students in Medicine'. The Hall closed at the end of the academic year in 1855/56. In 1871,
10260-535: Was also defeated in January 2016. The Middle Common Room (MCR) is the organisation for postgraduate students. Postgraduate accommodation is located at James Barber House. College officers, fellows and tutors are members of the Senior Common Room (SCR). Having shed its theological image by the Second World War, Hatfield developed a strong sporting reputation over the following decades. Johnathan Young,
10368-411: Was announced that the university planned to work with the owners of Rushford Court private hall, formerly County Hospital, to equip the site with college facilities, to serve as a temporary home for College of St Hild and St Bede during renovation of its own site, then to become the university's eighteenth college once Hild Bede returned to its own buildings. In May 2024, the university also announced
10476-471: Was compulsory; and once the chapel was constructed attendance at these services was obligatory for the next 80 years. Since then, the chapel has been described as making up an "important but minority interest" within the college. Hatfield offers eight choral scholarships annually, after an audition and interview process with the chaplain during first term. The choir is led by a student choral director, supported by an organ scholar and deputy organ scholar. It
10584-433: Was converted in 1760 into a coaching inn , The Red Lion – a stopping point for coaches travelling between London and Edinburgh. During this time it also hosted concerts, probably featuring the work of composers like Charles Avison and John Garth . In 1799 the old coaching inn reverted to being a private residence. In 1845, it was sold to the university, and emerged as the first component of the newly founded Hatfield College
10692-445: Was designed in a functionalist style in brown brick by Sir Richard Sheppard , and shows similarities to his more famous work at Churchill College, Cambridge , but with less ambition and expense. Another, very different, example of functionalist architecture is found at Trevelyan College, where its hexagonal forms, designed by Stillman and Eastwick-Field , won a Civic Trust Award in 1968. Since 2018 when university teaching at
10800-489: Was formerly Green Grow the Rushes, O . It was replaced in 1952 with a surprising selection: 'If I Should Plant a Tiny Seed of Love' by Ballard Macdonald . This 'mournful Edwardian ballad' came to be the 'rallying song of an increasingly macho Hatfield'. As of 2012, other long-established college songs included Two Little Boys , Jerusalem , and Swing Low, Sweet Chariot . As of the 2017/18 academic year, Hatfield College has
10908-423: Was handed over to Hatfield College in 1991. The postgraduate accommodation site is James Barber House, or JBH for short, a self-catered residence on nearby Church Street. Named after former Master James Barber, it was completed by Durham County Council as Palatine House in 1968, and originally a care home for the elderly before its purchase by the college in 2006. From its foundation, the college used as its arms
11016-492: Was merged into University College in 1864. At the close of the 19th century it became a common room for St. Cuthbert's Society . The building (which had also been the original home of University College before it moved into the castle) is still owned by the university, and was used by University College until 2006, after which it became the home of the Institute of Advanced Study in January 2007. Neville's Cross College
11124-415: Was more "official" looking but tricky to reproduce. Rodney Lucas, a student in the 1950s, was asked to produce freehand drawings of the college arms (one with the crest and one without) for use in the annual Hatfield Record . The design without the crest was ultimately chosen and appeared for years on college stationery. In June 1994, Lucas contacted the college with a new rendering of the college arms made on
11232-485: Was opened in 1921. It was primarily a teacher-training college, but from 1924 it was also a licensed hall of the University and admitted students to read for both undergraduate courses and postgraduate degrees. The college merged with Durham Technical College in 1977 to form New College Durham , whereupon it ceased to be associated with the University. The former site of the college in Sheraton Park became home to
11340-570: Was originally established as Bishop Hatfield's Hall, taking on its current name in 1919. St Mary's College was founded as the Women's Hostel, becoming a college and taking its current name in 1920. Stephenson College (originally George Stephenson College) and John Snow College were created in 2001. They replaced the original University College Stockton and were located on the Queen's Campus at Stockton-on-Tees . Jesus College and Coverdale Hall are
11448-678: Was remodeled, C & D Stairs were refurbished, the Main Hall was repaired, and Jevons' was redecorated. A Middle Common Room for the postgraduate community was added in Kitchen Stairs. In 1981, the Formal Ball was renamed 'The Lion in Winter', which it has been called ever since. More comically, 'C Scales', a goldfish, was elected as a member of the JCR in 1982 and put forward as a potential Durham Student Union President. In 1984,
11556-423: Was replaced by two new colleges, Stephenson and John Snow . Durham University has had two affiliated colleges outside England. Of these, Fourah Bay College is a former part of the university, having ended its affiliation in 1967. It became a constituent college of the University of Sierra Leone on that date. The other affiliate, Codrington College , remained listed as an affiliated college until removed in
11664-674: Was thus associated with the Newcastle division of the University. When the Newcastle division became Newcastle University in 1963, Sunderland's affiliation with Durham ended. In 1969 the Technical College merged with Sunderland Teacher Training College and the Sunderland School of Art to form Sunderland Polytechnic (now the University of Sunderland ). Originally established in 1992 as the Joint University College On Teesside (JUCOT),
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