Agenda and draft minutes

Venue: Committee Room - 2nd Floor West Wing, Guildhall

Contact: Julie Mayer  Email: julie.mayer@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

There were no apologies.

 ...  view the full minutes text for item 1.

2.

Members' declarations under the Code of Conduct in respect of items on the agenda

Minutes:

There were no declarations.

 ...  view the full minutes text for item 2.

3.

Public Minutes pdf icon PDF 106 KB

To agree the public minutes of the meeting held on 8th September 2021.

 

 ...  view the full agenda text for item 3.

Minutes:

The public minutes of the meeting held on 8 September 2021 were approved as a correct record.

 

MATTERS ARISING

Annual Financial Return to the Office for Students (page 5) - Officers reminded the Sub-Committee that, at the last meeting, the need for audited City Cash accounts as part of this process had been flagged. Officers reported that these were not yet available and that, as a consequence, they had written to the Office for Students to request an extension. This request had been granted and the School now had a revised deadline of 14 January 2022 by which to file their returns. There was an expectation that City Cash accounts would be available in December 2022.

 

It was reported that the response from the Office for Students seemed to suggest that they thought that this delay could have been avoided and Officers questioned whether the School ought to respond to re-iterate that this matter was out of their hands. It was decided that, on balance, this was probably not advisable and that efforts should be concentrated on working with colleagues in the City Corporation to ensure that, in future, appropriate solutions were in place to ensure that the School was able to file returns in accordance with the original deadlines. A Member commented that the City Corporation’s Finance Committee had been given fairly strong assurances that the accounts would be ready by the new deadline. He went on to highlight that this was a much broader issue around insufficient capacity in terms of local authority auditing.

 ...  view the full minutes text for item 3.

4.

Questions on matters relating to the work of the Finance & Resources Committee

Minutes:

There were no questions.

 ...  view the full minutes text for item 4.

5.

Any other business that the Chairman considers urgent

Minutes:

There were no additional, urgent items of business for consideration.

 ...  view the full minutes text for item 5.

6.

Exclusion of the public

MOTION - That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Part I of Schedule 12A of the Local Government Act.

                                                                                     

 

                                                                                     

 ...  view the full agenda text for item 6.

Minutes:

RESOLVED – That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Paragraph 3 of Part I of Schedule 12A of the Local Government Act as follows:-

 

Item No.

Paragraph No(s)

7-10

3

11-12

-

 

 ...  view the full minutes text for item 6.

7.

Non-Public Minutes

To agree the non-public minutes of the meeting held on 8th September 2021.

 

 ...  view the full agenda text for item 7.

Minutes:

The non-public minutes of the meeting held on 8 September were approved as a correct record.

 ...  view the full minutes text for item 7.

8.

Guildhall School Budget Report – 2022/23

Report of the Principal, Guildhall School of Music and Drama.

 ...  view the full agenda text for item 8.

Minutes:

The Sub-Committee received a report of the Principal of the Guildhall School of Music and Drama regarding the budget for 2022/23.

 ...  view the full minutes text for item 8.

9.

Management Dashboard for the six months to September 2021

Report of the Principal, Guildhall School of Music and Drama.

 ...  view the full agenda text for item 9.

Minutes:

The Sub-Committee received a report of the Principal regarding the Management dashboard showing the projected out-turn for the year to 31 March 2022.

 ...  view the full minutes text for item 9.

10.

Verbal Updates

Principal and Group Accountant to be heard in respect of :

 

ISTA Review

Deep Dives to the Efficiency and Performance Sub Committee and Audit and Risk Management Committee

 ...  view the full agenda text for item 10.

Minutes:

Officers provided the Sub-Committee with verbal updates on the ISTA Review and recent deep dives to both the Efficiency and Performance Sub-Committee and the Audit and Risk  Management Committee.

 ...  view the full minutes text for item 10.

11.

Non Public Questions on matters relating to the work of the Finance & Resources Committee

Minutes:

There were no questions raised in the non-public session.

 

 ...  view the full minutes text for item 11.

12.

Any other business that the Chairman considers urgent and which the Sub Committee agree should be considered whilst the public are excluded

Minutes:

There were no additional, urgent items of business for consideration in the non-public session.

 

 ...  view the full minutes text for item 12.