Yes Tobes, I'm putting the question to you
These concern both Bank Reconciliations and Management Accounts pertaining to both the WLFS Primary and WLFS Secondary schools. Grant Thornton have made their comments in their role as Statutory Auditor. As with any previous posts on Zelo Street concerning the WLFS and money, the reasoning is straightforward: it’s our money. As taxpayers, we have a right to see that it is being accounted for.
What the Statutory Auditor said
“Bank reconciliations: The Academies Financial Handbook 2013 states that bank accounts must be reconciled regularly. West London Free School Primary did not produce bank reconciliations between September 2013 and January 2014 and the West London Free School Secondary did not produce bank reconciliations between September 2013 and June 2014.