Treasury has provided the following answer to your written parliamentary question (15535):
Question:
To ask the Chancellor of the Exchequer, what ministerial involvement there is in (a) setting budgets, (b) preparing annual reports and (c) approving annual reports for arms length public bodies. (15535)
Tabled on: 26 February 2024
Answer:
Laura Trott: How budgets are set and the process for preparing and approving annual reports for arm’s length bodies (ALBs) are dependent on their classification status and their source of income.
Further information on the reporting requirements for ALBs can be found here: https://assets.publishing.service.gov.uk/media/657b04390467eb001355f84d/MASTER_FINAL_DRAFT_2024-25_FReM___1_.pdf Further information on the accounting process for each type of ALB can be found here: https://assets.publishing.service.gov.uk/media/5a74d700e5274a59fa715592/Classification-of-Public_Bodies-Guidance-for-Departments.pdf
The answer was submitted on 04 Mar 2024 at 15:39.
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