Principal Regulator of Academies
On 30 March 2011 Lord Hill, Parliamentary Under Secretary of State for Schools, announced proposals for the Secretary of State for Education to become the Principal Regulator under the Charities Act 2006 to promote compliance with charity law by governing bodies of academy trusts as well as foundation and voluntary schools and sixth form college corporations.
In his letter to Academies on the same date he announced that the day to day oversight for academies will be undertaken by the Young People’s Learning Agency (YPLA) and in time to its proposed successor the Education Funding Agency (EFA), who will in turn report to and advise the Secretary of State in his role as Principal Regulator.
Once the proposal has parliamentary approval and is implemented Academies will no longer need to register with the Charity Commission on an individual basis and all academies will become exempt charities. Those charities that are all ready registered with the Charity Commission will be removed from its register.
Date: 18th May, 2011
Articles from this Author
24th July, 2018
Academies Accounts Direction 2017/2018 (AAD)
9th February, 2018
Guidance for charities regarding the changes to the automatic disqualification of trustees rules
30th November, 2017
Legislative changes affecting the Charitable Incorporated Organisation (CIO)
14th November, 2017
Updated guidance for independent examiners (CC32)
Thinking of outsourcing your business? Want to know the key benefits on why you should outsource the financial func… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole