Regulation 24 Financial position
The registered provider shall carry on the residential family centre in such manner as is likely to ensure that it will be financially viable for the purpose of achieving the aims and objectives set out in the statement of purpose.
The registered person shall—
ensure that adequate accounts are maintained and kept up to date in respect of the residential family centre;
supply a copy of the accounts to the F1Chief Inspector at its request.
The registered person shall, if the F2Chief Inspector so requests, provide the Chief Inspector with such information and documents as it may require for the purpose of considering the financial viability of the residential family centre, including—
the annual accounts of the residential family centre certified by an accountant;
a certificate of insurance for the registered provider in respect of liability which may be incurred by him in relation to the residential family centre in respect of death, injury, public liability, damage or other loss.
Annotations
Textual amendments
- F1
Words in reg. 24(2) substituted (1.4.2007) by The Education and Inspections Act 2006 (Consequential Amendments) Regulations 2007 (S.I. 2007/603), regs. 1, 12(b)(i)
- F2
Words in reg. 24(3) substituted (1.4.2007) by The Education and Inspections Act 2006 (Consequential Amendments) Regulations 2007 (S.I. 2007/603), regs. 1, 12(b)(i)
Notes on the whole SI
Textual amendments
- F1
2000 c. 14. These powers are exercisable by the appropriate Minister, who is defined in section 121(1) of the 2000 Act, in relation to England, Scotland and Northern Ireland, as the Secretary of State, and in relation to Wales, as the National Assembly for Wales. “Prescribed” and “regulations” are defined in section 121(1) of that Act.
- F2
See section 22(9) of the 2000 Act for the requirement to consult.