The Finance, Audit and Risk Committee has delegated responsibility to

• Scrutinise the Financial accounts in greater depth to consider spending decisions.

• Manage the risk assessment process and analysis of this information.

• Review and approve the adjustments to the forecasted budget.

• Review the Academies financial procedures and ensure they are compliant. 

• Use benchmarking against similar trusts

• Review the findings and actions from the external auditors’ findings and plan to address and monitor these actions. 

• Ratify an annual budget for each year.

• Approve the staffing structure.

• Report to the full governing board at each meeting.

Terms of Reference for the Finance, Audit and Risk committee.

The Pay Committee

• Review the Pay Policy and the Pay Framework ensuring it is transparent, proportionate and justifiable.

• Arrangements for setting pay and remuneration of key management personnel and staff.

Pay Committee Terms of reference. .docx

[pdf 150KB]