1
Chapter 13
NATIONAL HERITAGE MEMORIAL FUND
COMBINED MANAGEMENT STATEMENT, FINANCIAL MEMORANDUM
AND NATIONAL LOTTERY DIRECTIONS
Signed by: Chief Executive of the National Heritage Memorial Fund and Head of
Architecture and Historic Environment Division of the Department for Culture Media and
Sport
PART ONE: MANAGEMENT STATEMENT
Introduction
1-3
Introduction
4-6
Legislative background
7-8
Classification
Aims and Objectives
9-11
Aims and Objectives
Responsibilities and Accountability
12
The Secretary of State
13-14
The Permanent Secretary
15-16
The sponsoring team in the Department
17-23
The Chair of the National Heritage Memorial Fund
24-27
The National Heritage Memorial Fund’s Board
28-33
The Chief Executive
Planning, Budgeting and Control
34-36
The Funding Agreement
37-40
Business Planning
41-44
Performance Against Targets
45
Risk Management
46-47
Internal Audit
External Accountability
48-53
The Annual Report and Accounts
54-55
External Audit
Staff Management
56-57
General
Compliance with Instructions and Guidance
58
Instructions and Guidance
59
Failure to Comply
Reviews
60-61
Reviewing the role of the NHMF
2
PART TWO: FINANCIAL MEMORANDUM FOR THE NATIONAL HERITAGE
MEMORIAL FUND
62-65
Introduction
Budgeting Procedures
66-67 Setting the Annual Budget
68
General Conditions for Authority to Spend
The National Heritage Memorial Fund’s Income
69
Grant/grant in aid
70-73
The Endowment Fund
74
Fees and charges
75
Wider markets activities
76
Gifts received
The National Heritage Memorial Fund’s Expenditure - General Principles
77
Value for Money
78-81
Competition
82
Prudence
83
Accommodation Decisions
84
Timeliness in Paying Bills