The Learning and Skills Councils Annual Report and Accounts for ...

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© Skills Funding Agency July 2010 The text of this document (this excludes, where present, the Royal Arms and all departmental and agency logos) may be reproduced free of charge in any format or medium providing that it is reproduced accurately and not in a misleading context. The material must be acknowledged as Skills Funding Agency copyright and the document title specified. Where third party material has been identified, permission from the respective copyright holder must be sought. ISBN: 9780102967555 Printed in the UK for The Stationery Office Limited on behalf of the Controller of Her Majesty’s Stationery Office. ID P002375602 07/10 Printed on paper containing 75% recycled fibre content minimum
Contents Chairman’s Statement 02 Chief Executive’s Review 05 About Us 07 Our Targets and Achievements 08 Management and Structure 10 Taking Care of Our People 12 Our Working Practices 13 Risk Management and 15 Financial Controls Management Commentary 16 Reporting of personal data-related incidents 16 Financial commentary 17 Remuneration Report 21 Statement of the Chief Executive of Skills Funding’s Responsibilities 32 Statement on Internal Control 33 The Certificate and Report of the Comptroller and Auditor General to the Houses of Parliament 44 Net Expenditure Statement 45 Statement of Financial Position 46 Statement of Changes in Taxpayers’ Equity 47 Statement of Cash Flows 48 Notes to the Accounts 49 Our About Story Us Leadership and Governance Finance Glossary and Further Information 80
Page 1: The Learning and Skills Council’s
Page 6 and 7: Chairman’s Statement Looking back
Page 8 and 9: This comes on top of another achiev
Page 10 and 11: So it is with both delight and some
Page 12 and 13: Our Targets and Achievements In the
Page 14 and 15: Management and Structure The Learni
Page 16 and 17: Taking Care of Our People To meet o
Page 18 and 19: We have had in place a comprehensiv
Page 20 and 21: Management Commentary Reporting of
Page 22 and 23: Year-end position 11. The net book
Page 24 and 25: 34. As Accounting Officer I confirm
Page 26 and 27: Components of remuneration The Chai
Page 28 and 29: Board members’ emoluments Audited
Page 30 and 31: Senior Management Group emoluments
Page 32 and 33: Senior Management Group pension ent
Page 34 and 35: Unaudited information Salary For th
Page 36 and 37: Statement of the Chief Executive of
Page 38 and 39: 8. In 2008-09, the LSC failed to pr
Page 40 and 41: 28. During the past year, the Manag
Page 42 and 43: issues were incorporated into it. T
Page 44 and 45: • Following a referral to the IAI
Page 46 and 47: Data management 82. The Internal Au
Page 48 and 49: The Certificate and Report of the C
Page 50 and 51: Statement of Financial Position as
Page 52 and 53: Statement of Cash Flows for the yea
Page 54 and 55:
Table 1: Summary of depreciation me
Page 56 and 57:
Education Maintenance Allowance Edu
Page 58 and 59:
2 First-time adoption of IFRS £’
Page 60 and 61:
Funding department Year ended 31 Ma
Page 62 and 63:
Funding department Year ended 31 Ma
Page 64 and 65:
3b Programme expenditure by regiona
Page 66 and 67:
5a Staff costs Information in respe
Page 68 and 69:
6a Administration (other costs) Yea
Page 70 and 71:
9 Property, Plant and Equipment (i)
Page 72 and 73:
11a Trade receivables and other cur
Page 74 and 75:
13a Trade payables and other curren
Page 76 and 77:
15 Financial guarantee: Career Deve
Page 78 and 79:
17 Operating lease commitments Tota
Page 80 and 81:
22 Related party transactions Durin
Page 82 and 83:
23 Losses statement The LSC incurre
Page 84 and 85:
Glossary and Further Information Th
Page 86:
Sector Skills Councils (SSCs) Indep
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