Issue - meetings

Report CEF20024

The report provided an update to the Financial Regulations for Schools.  The main changes to the regulations had been summarised in the report.

In relation to the registering business interests, a Member of the Schools’ Forum noted that the Academies Financial Handbook required that that the following interests should be recorded: directorships, partnerships and employments with businesses; trusteeships and governorships at other educational institutions and charities; and for each interest: the name and nature of the business, the nature of the interest and the date the interest began. The Financial Regulations for Schools 2020 did not appear to mirror what Academies were required to do and the question was raised as to whether there should be consistency.  The Head of Finance for Children, Education and Families agreed to follow up on the query and provide feedback to both the Audit Sub-Committee and the Schools’ Forum.

RESOLVED: That the updated regulations be noted.