Regulation 27 Financial positionI1

Northern Ireland

(1)

The registered provider shall carry on the day care setting in such a manner as is likely to ensure that the day care setting will be financially viable for the purpose of achieving the aims and objectives set out in the statement of purpose.

(2)

The registered person shall, if the F1RQIA so requests, provide such information and documents to the RQIA as it may require for the purpose of considering the financial viability of the day care setting, including—

(a)

the annual accounts of the day care setting certified by an accountant;

(b)

a reference from a bank expressing an opinion as to the registered provider’s financial standing;

(c)

information as to the financing and financial resources of the day care setting;

(d)

where the registered provider is a company, information as to any of its associated companies;

(e)

a certificate of insurance for the registered provider in respect of liability which may be incurred by him in relation to the day care setting in respect of death, injury, public liability, damage or other loss.

(3)

The registered person shall—

(a)

ensure that adequate accounts are maintained in respect of the day care setting and kept up to date;

(b)

ensure that the accounts give details of the running costs of the day care setting, including rent, payments under a mortgage and expenditure on food, heating and salaries and wages of staff; and

(c)

supply a copy of the accounts to the RQIA at its request.

(4)

In this regulation a company is an associated company of another if one of them has control of the other or both are under the control of the same person.

Annotations

Textual amendments

F1: Words in Regulations substituted (11.4.2014) by Health and Social Care (Amendment) Act (Northern Ireland) 2014 (c. 5), Sch. para. 1(1)(a) (with Sch. para. 1(2))

Commencement

I1: Reg. 27 in operation at 30.4.2007, see reg. 1