This section allows you to view the general details of a Decision
Details
Status:
Decision Confirmed
Title:
Highbury Trust Appointment of Auditor to undertake Independent Examination of the Trust Accounts
Include item on Forward Plan/ Key Decision
No
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Director of Finance
Implementation Date (not before meeting on)
Thu 12 Nov 2015
Purpose
To inform Committee of the action taken by the Chairman under his authority to act between meetings, in relation to the Director of Finance seeking the authority from Chairman in appointing an auditor to undertake an independent examination of Highbury Trusts 2014/15 accounts.
The City Council acts as Sole Trustee for a number of charitable and non-charitable trusts and has delegated the management of these Trusts to the Trusts & Charities Committee. Charitable trusts are regulated by the Charity Commission. Each Trust submit an annual Report & Accounts, except where gross annual income is less than £25,000. Below this threshold, external scrutiny is only needed if this is set out in the Charity's governing document.
The accounts of such Trusts are required to have been independently examined if gross income is between £25,000 and £500,000, and if the income exceeds £500,000 a full audit is required. An audit will also be required if total assets (before liabilities) exceed £3.26m, and the charity's gross income is more than £250,000. This is the case in respect of Highbury's accounts.
Key Portfolio
Social Justice, Community, Safety, and Equalities
Chief Officer Decision Maker
1 Diamond
Decision Maker:
Trusts and Charities Committee
Decision Outcome
See Minutes.
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Additional Information
Decision Criteria
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Wards
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Topics
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Overview and Scrutiny
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Decision History
| 30/10/2015 15:21:51 | Carole Wood | Business Item Created | |
| 30/10/2015 15:21:51 | Carole Wood | Committee Added | Trusts and Charities Committee |
| 30/10/2015 15:21:51 | Carole Wood | Meeting Added | 17/12/2015 10:30AM |
| 30/10/2015 15:22:19 | Carole Wood | Status Changed | Decision Scheduled [1] |
| 30/10/2015 15:43:04 | Carole Wood | General Details Edited | |
| 30/10/2015 15:44:00 | Carole Wood | Meeting Added | 12/11/2015 10:30AM |
| 30/10/2015 15:44:09 | Carole Wood | Meeting Deleted | 17/12/2015 10:30AM |
| 30/10/2015 15:58:44 | Carole Wood | Report Added | Document ID 92782: Chairs Action - Highbury 14-15 Audit Public Report (2) V2 |
| 04/11/2015 17:56:11 | Baljinder Samra | Status Changed | Decision Proposed [2] |
| 15/12/2015 09:43:01 | Michelle Edwards | General Details Edited | |
Approval/Comments
No history found.