GOVERNORS 2017 – 18
Scope of responsibility
As governors we acknowledge we have overall responsibility for ensuring that The Oaktree School Academy Trust has an effective and appropriate system of control, financial and otherwise. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can provide only reasonable and not absolute assurance against material misstatement or loss.
The Governing Body has delegated the day-to-day responsibility to the Headteacher, as accounting officer, for ensuring financial controls conform with the requirements of both propriety and good financial management and in accordance with the requirements and responsibilities assigned to it in the funding agreement between The Oaktree School Academy Trust and the Secretary of State for Education. They are also responsible for reporting to the Governing Body any material weaknesses or breakdowns in internal control.
The information on governance included here supplements that described in the Governors' Report and in the Statement of Governors' Responsibilities. The Governing Body has formally met four times during the year. Attendance during the year at meetings of the Governing Body was as follows:
The composition of the board of governors remains the same as previous years, with some flex in numbers due to resignations. The Oaktree School have continued their efforts to recruit new governors using parentmail and the weekly newsletter to advertise for specialist governors. This has proved a challenge and as such no new governors had been appointed at 31.08.16.
An internal review of the effectiveness of the Governing Body was undertaken in Spring 2015 and a Governors’ effectiveness plan was started in Autumn 2015:
The majority of actions were completed by the end of the academic year with; new governors were inducted into the FGB with support, monitoring and data training undertaken and the FGB were successful working across the SWAN Trust on a number of levels. In the Spring Term a skills and knowledge audit was again undertaken and 1:1 meetings carried out by the Chair of Governors resulting in a 2016-17 Governors’ Effectiveness Plan.
The Resources Committee is a sub-committee of the main governing body. Its purpose is to monitor the Academy’s finances and assets.
Review of value for money
As accounting officer the Headteacher has responsibility for ensuring that the academy trust delivers good value in the use of public resources. The accounting officer understands that value for money refers to the educational and wider societal outcomes achieved in return for the taxpayer resources received.