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City of Glasgow College Annual Report & Accounts 2019-20

• to scrutinise current delivery and consider Faculty internal

and external factors in terms of strengths,

opportunities, threats and trends.

• to identify where the Faculty curriculum may focus in the

medium and longer term.

• to enhance the curriculum offer to meet students' needs

and aspirations.

Risk, Audit, and Performance

The College's Strategic Risks are identified and managed

via the College's Senior Management Team, with oversight

by the Board of Management and Board Committees. The

Board Audit and Assurance Committee is responsible for

overall monitoring and reviewing the College's Strategic

Risks and Risk Management Strategy, and for reviewing Risk

Management Action Plans as appropriate, to ensure that

the College's approach to managing the risks is appropriate

and adequate. The Report of the Audit and Assurance

Committee is provided in this Report below.

In 2019, following risk identification of an increased likelihood

of business continuity failure, the College completed a

major revision and development plan for business continuity

involving an external specialist consultant. In 2019, an

Internal Audit of Business Continuity was undertaken. As it

transpired, this was timely, given the Covid-19 emergency

just a few months later. This Internal Audit provided a very

positive audit report, with significant strengths identified

related to departmental Business Recovery Plans, reflecting

recognised good practice as published by the Business

Continuity Institute. The level of assurance provided was

"Good".

The College's excellent response to the Covid-19

emergency in March 2020, and through the rest of the

reporting year to July 2020, was due in considerable

measure to well-organised preparations, and the adherence

to good practice in respect of processes such as risk

management, business continuity, and internal audit.

Cash Budget for Priorities

Spend of the College's cash budget for priorities and impact on the operating position remains unchanged from 2018-19,

and is detailed below:

Procurement and Prompt Payment of Suppliers

The College seeks to comply with the CBI Prompt Payment Code, and has a policy of paying its suppliers within 30 days of

invoice date unless the invoice is contested. All disputes and complaints are handled as quickly as possible. No interest or

late payment penalties were paid during the year. The average creditor's payment period throughout 2019-20 was 39 days;

in 2018-19 the average was also 39 days.

Going Concern

The Board can confirm that the College is a going concern based on its financial performance and all other relevant

information. The annual financial statements have been prepared on a "going concern" basis.

Approved by order of the members of the Board on 16th December 2020 and signed on its behalf by:

Alisdair Barron MBE, Chairman, Board of Management: Paul Little, Principal and Chief Executive:

_____________________________________ _____________________________________

date______________________________ date______________________________

Revenue

2019-20

£'000

2018-19

£'000

2015-16 Pay award 581 581

Estates Costs 575 575

Other agreed priorities - early retirement costs - Total

Impact on operating position 1,156 1,156

Capital - -

Total cash budget for priorities spend 1,156 1,156

18th December 2020 18th December 2020

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