Thought of the Week

By faith we understand that the universe was formed at God’s command, so that what is seen was not made out of what was visible.

Hebrews 11:2

Unofficial Fund (School Fund)

STATEMENT OF INTENT

The Unofficial (School) Fund is a voluntary fund established to support school activities using income sources that are independent of the school’s official resources.

Typical activities include:

ADMINISTRATIVE AND BANKING ARRANGEMENTS

The administrative arrangements for the School Fund are described in section 12 of the Manual of Internal Financial Procedures.

The School Fund bank account is held at HSBC Northwich branch and the cheque signatory arrangements are described in Appendix E of the Manual of Internal Financial Procedures.

VAT

The Unofficial Fund is not registered for VAT as its taxable turnover is below the threshold at which registration is required.

Approved by Governors’ Finance and Resources Committee on 22nd March 2016

Due for review Spring Term 2018

 

The Unofficial Fund (School Fund) is audited by Buxton Accountants