DoH Releases Comprehensive Financial Guidance for Health and Social Care Bodies
The Department of Health (DoH) has released a comprehensive set of financial guidance documents for health and social care bodies, including Arm's Length Bodies (ALBs). These documents, issued by the external financial advisor, cover a wide range of topics, from cross-border emergency treatment to global internal audit standards.
The guidance includes the Government Financial Reporting Manual (FReM) 2024-25, which provides detailed instructions on financial reporting for the public sector. It also covers the acceptance and provision of gifts and hospitality, ensuring transparency and accountability.
For community pharmacists, the guidance outlines financial arrangements for occupying premises and incorporates environmental and climate considerations into business cases. Pay and remit approvals for 2025-26 are also addressed, along with health centre service charges for premise occupation.
The documents delve into specific areas such as direct award contracts and corporate governance in central government departments. They also provide final indices and GAD factors for 2024-25 annual accounts, crucial for accurate financial reporting.
The DoH's financial guidance documents offer a holistic approach to financial management, incorporating sustainability, transparency, and accountability. They aim to support health and social care bodies in their financial decision-making, ensuring compliance with standards and best practices.
