Budget by the compliance with the Academies Annual Budgets by the Academy Receive reports – on matters of concern in connection with compliance with the Annual Budgets Reporting: financial reporting and KPIs Determine Deliver Review Deliver Delegated Budgets and Finances - in the form of a scheme Determine Deliver on Review Delivery– Comply - adherence to – of delegation of financial authority to the Academies recommending Academy limits financial limits to Comply - the Board adherence to limits Review – effectiveness of limits Trustees EP LGB Principal Financial Policies, Procedures and Delegations Determine Review Review delivery - Deliver compliance with – – – establishing of policies, procedures and delegations to compliance with compliance with finance policies, procedures ensure compliance with the financial and reporting policies, policies, and delegations Trust’s requirements procedures and procedures and delegations delegations Report any issues – Report any issues – or non-compliance or non-compliance to the EP to the Board FINANCIAL Approving annual accounts Approve Deliver arrange Comply by – – for auditing and keeping proper filing of annual records in respect report and accounts of the Academy
Budget by the Academies Receive reports – on matters of concern in connection with compliance with the Annual Budgets compliance with the Annual Budgets by the Academy Reporting: financial reporting and KPIs Determine Deliver Review Deliver Delegated Budgets and Finances - in the form of a scheme of delegation of financial authority to the Academies Determine Deliver – on recommending financial limits to the Board Review – effectiveness of limits Review Delivery– Academy Comply - adherence to limits Comply - adherence to limits Trustees EP LGB Principal FINANCIAL Financial Policies, Procedures and Delegations – establishing of policies, procedures and delegations to ensure compliance with the Trust’s financial and reporting requirements Determine Review – compliance with policies, procedures and delegations Report – any issues or non-compliance to the Board Review delivery - compliance with policies, procedures and delegations Report – any issues or non-compliance to the EP Deliver – compliance with finance policies, procedures and delegations Approving annual accounts Approve Deliver – arrange for auditing and filing of annual report and accounts Comply – by keeping proper records in respect of the Academy