Applies criteria set by schools to determine the pay of each member of staff at the annual review
Makes all key decisions in relation to staff pay following recommendations from the other committees
Governs whether sufficient funds are available to go ahead with recommendations by EHT, HT and HoS
Monitors development and advises the Trust Board when Pay Policies must be reviewed
Ensures the Trust Board is compliant with the Appraisal Regulations 2012
Works to achieve the aims of Pay Policies in a fair and equal manner
Reviews internal and external financial statements and reports to ensure that they reflect best practise of the Trust
Reviews risks to financial control of the Trust and establishes a programme of work to address these risks
Ensures the Trust is audited by an approved, registered Auditor
Discusses with the external Auditor the nature of each forthcoming audit to ensure that they receive full co-operation from the staff members
Considers all reports by Auditors, then makes appropriate recommendations to respond to their findings
Receives and considers MAT funding, assesses its implications for the Trust and its Academies and then draws any matters of concern to the attention of the Board
Considers and recommends the Trust's budgets - including those of the individual academies - at the start of each financial year, and also for any subsequent in-year budget changes
Ensures Trust expenditure and income are in line with agreed budgets
Receives and approves any applications for external funding and grants
Contributes to the Trust's development plan through consideration of financial priorities
Ensures Local Governing Bodies undertake appropriate and effective scrutiny of the performance of each academy
Undertakes scrutiny of performance of particular groups of pupils
Reviews, recommends and reports Trust-wide school improvement and analyses the impact
Analyses the use of power of intervention in any of the academies
Makes appropriate comments on such and makes recommendations to the board
