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 six times during the year.
The composition of the board of governors remains the same as previous years, with
some flex in numbers due to resignations.
An internal review of the effectiveness of the Governing Body is undertaken in the
Summer Term and a Governors’ effectiveness plan in in place at the beginning of
the Autumn Term
- To build governor capability and effectiveness;
- To improve the quality of monitoring;
- Governors to raise awareness of data sources and the implications the data has to the children’s outcomes; and
- Working collaboratively with partners.
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.