Facts
Facts
Mr Lambe has been the Financial Manager of the College since June 2022. He is responsible for the day-to-day financial management and oversight within the College and the management of financial risks and control. He reports directly to the Acting Finance Director.
In his statement Mr Lambe refers to two documents, Summary of Funding Processes and A Summary of Funding Allocation Processes in England 2022/2023 which were prepared by Gary Horne the Deputy Chief Executive and former Financial Controller of Colchester Institute Corporation.
The Summary of Funding Processes describes the procedures for the funding of Further Education Colleges by the EFA and SFA until 1 April 2017 when they merged to become the Education and Skills Funding Agency (“ESFA”). The ESFA continued the funding role previously undertaken by the EFA and SFA and its procedures from 1 April 2017 are described in A Summary of Funding Allocation Processes in England 2022/2023.
Having compared these documents with the funding documents produced by the EFA, SFA and ESFA, Mr Lambe confirmed that the basis of funding received by the College, as described in them was “entirely consistent” with that set out in the EFA, SFA and ESFA documents.
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