- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format.
Statutory Instruments
Education, England
Made
5th November 2014
Laid before Parliament
7th November 2014
Coming into force
1st December 2014
The Secretary of State for Education makes the following Regulations in exercise of the powers conferred by sections 12 and 210(7) of the Education Act 2002(1).
1. These Regulations may be cited as the School Companies (Amendment) Regulations 2014 and come into force on 1st December 2014.
2.—(1) The School Companies Regulations 2002(2) are amended as follows.
(2) For regulation 28, substitute—
(1) Where a school company is exempt, under section 477 of the Companies Act 2006(3), from the requirements of that Act relating to the audit of accounts for a given financial year, its accounts for that year must be examined by an independent examiner.
(2) In paragraph (1), an “independent examiner” means an independent person who the members of the school company reasonably believe has the necessary ability and experience to examine its accounts competently and who is—
(a)a Fellow of the Association of Charity Independent Examiners, or
(b)a member of one of the bodies listed in section 145(4) of the Charities Act 2011(4).
(3) A school company must provide a copy of its accounts for each financial year, whether those accounts are audited under the Companies Act 2006 or examined in accordance with paragraph (1), to its supervising authority within four months after the end of that financial year.
(4) Within 28 days after a local authority becomes a school company’s supervising authority, the company must provide it with a copy of its constitution.
(5) A school company must, within 28 days after any changes are made to its constitution, provide a copy of its amended constitution to its supervising authority and notify the authority of the date on which the changes took effect.”.
John Nash
Parliamentary Under Secretary of State
Department for Education
5th November 2014
(This note is not part of the Regulations)
These Regulations amend the provisions of the School Companies Regulations 2002 (“the 2002 Regulations”) relating to the audit requirements on school companies, which are companies formed or joined by governing bodies of maintained schools using their powers under section 11 of the Education Act 2002 (but excluding companies formed with the purpose of facilitating or entering into agreements under the private finance initiative).
Regulation 2 amends the 2002 Regulations to provide that school companies may benefit from the exemption from audit for small companies under section 477 of the Companies Act 2006, but that school companies to which that exemption applies must have their annual accounts reviewed by an independent examiner. The examiner must be a member of one of the bodies listed in section 145 of the Charities Act 2011 as being qualified to examine the accounts of small charities for which auditing is optional under that Act.
An impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.
2002 c. 32, as amended by S.I. 2010/1158; see section 212 for the definitions of “prescribed” and “regulations”.
S.I. 2002/2978, as amended by S.I. 2010/1172.
2006 c. 46, as amended by S.I. 2008/393, 2012/2301, 2013/3008; there are other amending instruments but none is relevant.
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Mae Memoranda Esboniadol yn nodi datganiad byr o ddiben Offeryn Statudol ac yn rhoi gwybodaeth am ei amcan polisi a goblygiadau polisi. Maent yn ceisio gwneud yr Offeryn Statudol yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol, ac maent yn cyd-fynd ag unrhyw Offeryn Statudol neu Offeryn Statudol Drafft a gyflwynwyd ger bron y Senedd o Fehefin 2004 ymlaen.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys