# The Consistent Financial Reporting (England) Regulations 2012, Regulation 3: Reporting duties of governing bodies

Extent: E+W

(1) Subject to paragraph (2), a governing body must provide the local authority with a financial statement, presented in accordance with the approved headings and sub-headings set out in the Schedule and in compliance with the normal established accounting practices of the local authority, of—
(a) such school resources as have been received in a financial year, including any school resources which were unspent at the end of the previous financial year;
(b) the application in that financial year of any school resources; and
(c) a summary of the school’s financial position at the end of that financial year,
by a date determined by the local authority, having regard to regulation 5.
(2) Paragraph (1) does not apply to a governing body in respect of any financial year in which no school resources were received by that governing body.
(3) The sub-heading “I18 Additional grant for schools” set out under the heading “Income Data” in the Schedule does not apply in relation to the financial year ending 31st March 2012.

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Source: https://www.legislation.gov.uk/uksi/2012/674/regulation/3 (the official version)
Page: https://openlegislation.uk/consistent-financial-reporting-england-regulations-2012/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.