Talk about the the BFR3Y 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.
When the BFR3Y was completed I was elated, I could sleep at night. The BFR3Y was like a looming black cloud on my shoulders. - Nicola Tomlin - Great Learners Trust
The problems with the BFR3Y.
A better way to complete your BFR3Y
Ask us to prepare your BFR3Y for you. We don’t have to be acting for you on any other matters. We can prepare your BFR3Y 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.
“I was able to focus on what I want to focus on; teaching and learning and outcomes for children.” Keri Edge – Agate Momentum trust
How do you complete our BFR3Y?
We will send one of our specialist Accountants to help you prepare your BFR3Y. We’ll help you understand the assumptions made for this 3 year plan, we 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 BFR3Y.
What do I get for my money?
You will get your BFR3Y, checked, agreed by you and ready to enter into the ESFA website (or we can enter it for you).
What’s more we can help you present it to your board. Most non financial people don’t like presenting finances, we can do it effectively and help get complete alignment between your board’s aims, your plans and your BFR3Y.
Not only that
The BFR3Y 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
“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