Guildford College of Further and Higher Education is an independent Corporation with exempt charity status formed under the Further and Higher Education Act 1992.
The Instrument and Articles of Government set down its powers, membership, role and responsibilities.
The Instrument and Articles are supplemented by the Funding Agency’s Financial Memorandum and the Joint Audit Code of Practice, as well as Charity Law and general law relating to employment, equality and diversity, health and safety.
The college sector’s Principal Regulator under Charity Law is the Secretary of State for Education.
The Corporation, also referred to as the Board of Governors, is similar to a board of non-executive directors. Guildford College Corporation is made up of members from the business and local community, stakeholders, staff and students. There is a formal search process: appointments are based on skills and merit. The Principal is a member ex officio and the only executive member.
The Corporation is accountable for the use of public funds and has a duty of care for the assets of the College. The Corporation is advised by a Clerk who is independent of College management and has access to independent professional advice.
Most of the College’s provision is funded by the Education and Skills Funding Agency (formed in April 2017 by the bringing together of the former Education Funding Agency and Skills Funding Agency).