Annual Report 2006-2007 - Cafcass

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21 Related party transactions Cafcass is an executive non-departmental public body that is sponsored by the Department for Education and Skills (DfES). DfES as such is regarded as a related party. During 2006–07, Cafcass had various material transactions with DfES, including the receipt of £104.373m grant funding from DfES. There were no related party transactions with Board members or the Executive Team during the year other than those associated with remuneration for normal duties. 22 Events after Balance Sheet date There have been no events after the Balance Sheet date requiring an adjustment to the financial statements. The financial statements were authorised for issue on the 19th July 2007 by Anthony Douglas (Accounting Officer). 23 Financial instruments Financial Reporting Standard 13, Derivatives and Other Financial Instruments, requires disclosure of the role which financial instruments have had during the period in creating or changing the risks an entity faces in undertaking its activities. Because of the largely nontrading nature of its activities and the way in which government departments are financed, Cafcass is not exposed to the degree of financial risk faced by business entities. Moreover, financial instruments play a much more limited role in creating or changing risk than would be typical of the listed companies to which Financial Reporting Standard (FRS) 13 mainly applies. Cafcass has very limited powers to borrow or invest surplus funds, and consequently financial assets and liabilities are generated by day-to-day operational activities and are not held to change the risks facing Cafcass in undertaking its activities. As permitted by FRS 13, debtors and creditors that mature or become payable within 12 months from the Balance Sheet date have been omitted from the disclosures. Fair values There is no difference between the book value and fair value of any of Cafcass’ financial assets and liabilities as at 31st March 2007. Liquidity risk Cafcass’ net revenue resource requirements are financed by resources voted annually by Parliament, just as its capital expenditure largely is. Cafcass is not therefore exposed to significant liquidity risks. Interest rate risk Cafcass is not exposed to significant interest rate risk. Foreign currency risk Cafcass is not exposed to any significant foreign currency risk. 66 | Cafcass Annual Report and Accounts 2006–07
General contact details We can be contacted at the National Office address: Cafcass 8th Floor South Quay Plaza 3 189 Marsh Wall London E14 9SH Tel: 020 7510 7000 Fax: 020 7510 7001 Further information is available on our website www.cafcass.gov.uk, including our 2007–10 Strategic Business Plan. We have several leaflets that explain the work we do, including: • The Role of Cafcass • The Children’s Guardian • The Children and Family Reporter • The Cafcass Officer in Adoption • Your views count – how to make a comment, compliment or complaint about our work. These leaflets are also available in other languages and can be requested in other formats. We also have a series of leaflets for children and young people that explain the roles of the Children and Family Reporter and the Children’s Guardian. We are also updating our website to include an animated introduction to the work of Cafcass for children and young people in three different age ranges. Copies of the Cafcass National Standards and the Comments, Compliments and Complaints policy are available on request from Cafcass offices and are published on our website. Printed in the UK by The Stationery Office Limited on behalf of the Controller of Her Majesty’s Stationery Office ID5589093 07/07 Printed on Paper containing 75% recycled fibre content minimum. Section Heading | 67
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Annual Report and Accounts Children
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Our purpose Cafcass has a statutory
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Overview by the Chair Chairing a no
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Section 1: Management Commentary Se
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Private law Our approach to working
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case study Managing our resources:
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case study Cafcass Legal and the Hi
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Transforming services and modernisi
Page 19 and 20: case study North East Children’s
Page 21 and 22: Diversity conference We held a nati
Page 23 and 24: staff easy access to their collecti
Page 25 and 26: Family Justice Councils Cafcass con
Page 27 and 28: “This excellent practice guidance
Page 29 and 30: This year we also produced three DV
Page 31 and 32: Diversity Our workforce is ageing,
Page 33 and 34: upgrade will be completed by the en
Page 35 and 36: KPI 2 - At least 98% of all public
Page 37 and 38: KPI 5 -The percentage of Section 8s
Page 39 and 40: Section 1: Management Commentary |
Page 41 and 42: The Parliamentary and Health Servic
Page 43 and 44: Members of the Board at an open Boa
Page 45 and 46: Section 4: Statement on Internal Co
Page 47 and 48: and advice on best practice. The co
Page 49 and 50: Board members’ remuneration (audi
Page 51 and 52: Section 6: Accounts 2006-07 Section
Page 53 and 54: Additional meetings between the tra
Page 55 and 56: the Secretary of State for Educatio
Page 57 and 58: Balance Sheet as at 31st March 2007
Page 59 and 60: Expected useful lives are as follow
Page 61 and 62: The total staff cost includes a cos
Page 63 and 64: 7 Tangible fixed assets Freehold la
Page 65 and 66: 13 Analysis of changes in cash 1st
Page 67 and 68: 18b Analysis of capital expenditure
Page 69: The FRS17 valuation as at 31st Marc
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Annual Report 2006-2007 - Cafcass

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