Undeclared £20k bonus ‘honest error’, claims college boss

A college has fessed up to failing to declare a £20,000 bonus made to its principal in 2018 amid a government crackdown on transparency, FE Week is reporting.

Lincoln College boss Gary Headland told FE Week he was “both embarrassed and disappointed” that the payment was “erroneously not included” in that year’s accounts owing to an “honest error”.

The £20,000 payment was disclosed in Lincoln’s 2018/19 accounts (see image right), alongside a £40,000 bonus for that year, but nowhere does it note the discrepancy and the only explanation came after FE Week started asking questions.

The college did not explain why there was no note in the 2019 accounts to explain the error.

Read full article here Undeclared £20k bonus ‘honest error’, claims college boss

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