Agenda item

Report of the Town Clerk.

Members received a report of the Town Clerk which provided an update on the following decision, taken under urgency, since the last meeting of the Committee:

Action Taken:

The Town Clerk, in consultation with the Chairman and Deputy Chairman of the Audit and Risk Management Committee, the Education Board and the Policy and Resources Committee agreed to recommend, to the Court of Common Council, that the Terms of Reference of the Audit and Risk Management Committee be widened to include oversight of the audit, risk and anti-fraud approaches in respect of:

1. The two stand-alone Academies; City Academy - Hackney and City of London Academy - Islington, of which the City of London Corporation are co-sponsors, and those schools which fall under the City of London Academies Trust (currently 8).

2. The Terms of Reference of the Audit and Risk Management Committee be amended to include: “To undertake periodic reviews of the risk management procedures, financial capabilities, controls, and safeguarding procedures of the City of London School, the City of London School for Girls, the City of London Freemen’s’ School, the City of London Academies Trust (including its embedded academies) and the City Academies which are free-standing entities.”

RESOLVED, that – the report  be noted.