# The Education (Governors' Annual Reports) (Wales) Regulations 1999, Paragraph 4


A financial statement–
(a) reproducing or summarising any financial statement of which a copy has been provided to the governing body by the local education authority under section 52 of the 1988 Act or section 122 of the 1996 Act since the previous governors' report;
(b) indicating, in general terms, how any sum made available to the governing body by the authority (including the school’s budget share) in the period covered by the report was used;
(c) giving details of the application of any gifts made to the school in that period; and
(d) stating the total amount of any travelling and subsistence allowances paid to members of the governing body in that period.

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Source: https://www.legislation.gov.uk/uksi/1999/1406/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/education-governors-annual-reports-wales-regulations-1999/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.