Overview and Summary of Trust Board Committee Terms of Reference
Audit and Risk Committee (Chair appointed annually – currently Joy Knifton)
The purpose of this Committee is to support the Board through detailed consideration, assurance and where the Committee considers appropriate, recommendations to the Board regarding oversight and review of the arrangements for independent checking of financial, governance, risk management and internal control systems and, transactions. This extends to review of the risks to the internal control framework of the Trust and oversight of the Annual Programme of Internal Audit, working closely with independent internal auditors. The Committee takes the lead in oversight and monitoring of the termly review of the Trust Strategic Risk Register and receives reports and provides assurance to the Board on e.g. any incidents of fraud or breaches of procurement regulations.
People and Remuneration Committee (This is a new Committee established from 1st September 2020. The Chair, appointed annually, is Ms Gill Stacey).
This Committee considers reports and provides assurance to the Trust Board regarding People Resource policy, ensuring that procedures and practice are compliant with legislative requirements and Trust ethos. The Committee makes recommendations to the Board regarding Leadership and other Pay arrangements, Performance Related Pay and associated criteria. The Committee also has oversight of Trust human resource policies and practices and receives termly reports on aspects of human resource management, alerting the Trust Board as it considers necessary to any concerns.
Finance and Resources Committee : (Chair appointed annually – currently Andrew Pritchard)
The Committee oversees, on behalf of the Board, Financial and non-staff Resource Strategy (e.g. the forward Financial Plan and supporting financial policies of the Trust in support of delivery of the Strategic Plan and including the Estates and Infrastructure Plan.
This role includes development for consideration by the Board and oversight for assurance to the Board of financial strategies and non-staff resource and supporting policies including budget allocation, capital spending and financial management, GAG funding, estate management and resource allocation and Reserves Policy. The Committee gives detailed consideration to, and makes recommendations the Board on the annual Trust Budget and any variations thereto during the year. Any expenditure proposed by the Executive or by a Committee that is not included within the agreed budget must first be considered by this Committee which will take a view and make a recommendation to the Board.
The Committee also has an important role in satisfying itself, through assurance reports, that the financial management and practices of the Trust are in line with current requirements of the ESFA and holding to account / constructively challenging the Trust Leadership Team (TLT) as to the
effectiveness and impact of (non-staff) resource management deployment, policies, procedures and
practice. This includes regular benchmarking review of overall financial performance in comparison to regional and national standards and to the performance of other comparable Trusts.
Performance and Standards Committee: (Chair appointed annually – currently Vacant)
This Committee supports and provides assurance to the Board through oversight, reports and, where the Committee consider appropriate, recommendations to the Trust Board regarding standards and performance having regard to the agreed objectives and targets of the Trust Strategic Plan. This extends to the effectiveness and impact of policy, proposals and practice in relation to Teaching and Learning strategies including systems of assessment of attainment, progress and outcomes at all year groups across the Trust.
The Committee monitors progress against the Partnership Improvement Plan (PIP), the standards and performance of individual Academies and the impact and effectiveness of their Improvement Plans (SIPs) and related quality assurance, including Trust Care, Guidance and Wellbeing Strategy,
Curriculum implementation, intent and impact, Safeguarding, Governance, delivery across the Trust (and in all Academies) of the values, vision and ethos of the Trust and the effectiveness of Local Governing Bodies.