Page 0081

81

City of Glasgow College Annual Report & Accounts 2019-20

CITY OF GLASGOW COLLEGE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 12 MONTHS ENDED 31 JULY 2020

29 POST BALANCE SHEET EVENTS

30 RELATED PARTY TRANSACTIONS

Trinity

House 51

33

The balance due to the College by the above organisations at 31 July 2020 which is included

within trade debtors is £21,000

P Little Director & S Patrick Employee

Glasgow Caledonian

University Sales 960

J Gallacher Emeritus Professor - Lifelong

Learning

P Little is a Younger Brother of Trinity House

Sales

Sales

S Erskine Management Team and

Consultant

Skills Development

Scotland

There were no material post balance sheet events.

The Board of Management of the College is a body incorporated under the Further and Higher

Educational (Scotland) Act 1992 and is largely funded by the Scottish Government via the

Scottish Funding Council (SFC) and the Glasgow Colleges' Regional Board (GCRB). The SFC,

GCRB and the Scottish Government are regarded as related parties. During the year the College

had various material transactions with SFC and with other entities for which the Scottish

Government is regarded as the sponsor Department such as the Student Awards Agency for

Scotland. In addition the College has had a number of material transactions with other

Government Departments and other government bodies such as Local Authorities, Local

Community Planning Partnerships and other Colleges and Universities.

£000

Glasgow Chamber of

Commerce Purchases 22

Because of the nature of the College's operations and composition of its Board of Management

(being drawn from local public and private sector organisations), it is inevitable that transactions

may take place with organisations in which a member of the College's Board of Management

may have an interest. All transactions involving organisations in which a member of the Board of

Management may have a material interest are conducted at arm's length and in accordance with

normal project and procurement procedures. Board members are required to declare an interest

in relevant items on the agenda of meetings of the Board and its standing committees. The

College had transactions during the year or worked in partnership with the following bodies in

which members of the Board of Management hold or held official positions as listed below. The

same disclosure of interests has been made in respect of members of the senior management

team.

Index

  1. Page 0001
  2. Page 0002
  3. Page 0003
  4. Page 0004
  5. Page 0005
  6. Page 0006
  7. Page 0007
  8. Page 0008
  9. Page 0009
  10. Page 0010
  11. Page 0011
  12. Page 0012
  13. Page 0013
  14. Page 0014
  15. Page 0015
  16. Page 0016
  17. Page 0017
  18. Page 0018
  19. Page 0019
  20. Page 0020
  21. Page 0021
  22. Page 0022
  23. Page 0023
  24. Page 0024
  25. Page 0025
  26. Page 0026
  27. Page 0027
  28. Page 0028
  29. Page 0029
  30. Page 0030
  31. Page 0031
  32. Page 0032
  33. Page 0033
  34. Page 0034
  35. Page 0035
  36. Page 0036
  37. Page 0037
  38. Page 0038
  39. Page 0039
  40. Page 0040
  41. Page 0041
  42. Page 0042
  43. Page 0043
  44. Page 0044
  45. Page 0045
  46. Page 0046
  47. Page 0047
  48. Page 0048
  49. Page 0049
  50. Page 0050
  51. Page 0051
  52. Page 0052
  53. Page 0053
  54. Page 0054
  55. Page 0055
  56. Page 0056
  57. Page 0057
  58. Page 0058
  59. Page 0059
  60. Page 0060
  61. Page 0061
  62. Page 0062
  63. Page 0063
  64. Page 0064
  65. Page 0065
  66. Page 0066
  67. Page 0067
  68. Page 0068
  69. Page 0069
  70. Page 0070
  71. Page 0071
  72. Page 0072
  73. Page 0073
  74. Page 0074
  75. Page 0075
  76. Page 0076
  77. Page 0077
  78. Page 0078
  79. Page 0079
  80. Page 0080
  81. Page 0081
  82. Page 0082
  83. Page 0083
  84. Page 0084
  85. Page 0085
  86. Page 0086
  87. Page 0087
  88. Page 0088
  89. Page 0089
  90. Page 0090