10(1)Section 52 of the School Standards and Framework Act 1998 (financial statements) is amended as follows.
(2)In subsection (1)—
(a)for “financial year” substitute “prescribed period”, and
(b)for “that year” substitute “that period”.
(3)After subsection (1) insert—
“(1A)The periods prescribed for the purposes of subsection (1)—
(a)must consist of one or more funding periods, and
(b)may include funding periods in respect of which (by virtue of their inclusion in one or more earlier periods prescribed for the purposes of that subsection) information relating to planned expenditure has previously been required under that subsection.”
(4)In subsection (2)—
(a)for “financial year” substitute “prescribed period”, and
(b)in paragraphs (a) to (d), for “year” substitute “period”.
(5)After subsection (2A) insert—
“(2B)The periods prescribed for the purposes of subsection (2) must consist of one or more funding periods.”