Talk about the the BFRO to Academies and there's always a groan at the idea of extra, non teaching, work. That’s before we get to discussing the stress of doing it.
It doesn't have to be that way, here's how we can help you.
The problems with the BFRO
A better way to complete your BFRO
Ask us to prepare your BFRO for you. We don’t have to be acting for you on any other matters. We can come in prepare your BFRO and be out of your way.
As Accountants that specialise in Academies and Schools, we can help you to save time, focus more on educating pupils.
“one of biggest concerns I had moving forward was that were following to a T all the DfE guidance from the handbook” Keri Edge – Agate Momentum trust
When the BFRO was completed I was elated, I could sleep at night. The BFRO was like a looming black cloud on my shoulders. - Nicola Tomlin - Great Learners Trust
How do you complete our BFRO?
We send one of our specialist Accountants to help you prepare for the BFRO, do most of the work in the background so it doesn’t disturb your team and leave you with all the data you need to complete your BFRO.
What do you get?
You will get your BFRO, checked, agreed by you and ready to enter into the ESFA website (or we can enter it for you).
Not only that
The BFRO process is often seen as administrative but done well can help clarify finances in your Academy.
We will help you and your team to understand:
- What assumptions have been made?
- Are those assumptions the right ones?
- How your plans for the Trust to improve or maintain high standards are built in.
- That your GAG reserves are enough to cover any deficit budget (if applicable)
- That you know that right affirmative actions are in place by the board to deal with the reserves