You may have recently read that Wakefield City Academy Trust is to be wound up after it’s schools lost £2 million, it certainly shocked us. If you’re interested in what happened, or how you as Head teacher, SBM or trustees could prevent it happening in your trust, read on. What was … [Read more...]
Financial Management Services for Schools in London and the Home Counties.
Not many teachers, or head teachers went into education to be involved in financial management of schools; yet that's where many find themselves. Some Academies have Business Managers to help, but most School Business Managers are not Accountants, they're expert in managing business. There is a … [Read more...]
BFR Deadline 30 July 2019
Hopefully by now you (and all other Trusts) have at least had your Finance Committee and Local Governing Board review and agreed your budget for 2019/20 and the 3-year forecast through to 2021/22. Key points on the BFR With many Trust Board’s meeting to approve this prior to submission to the … [Read more...]
Are School Leaders the best people to run their schools?
School leaders and governors are not often not trained finance professionals. School leadership is far more than “just” finances (in fact that applies to leadership in general and maybe we’d be better off if we had more leaders in the country). A good leader needs to be able to inspire, move her … [Read more...]
How can I present my financial information more easily at the AGM?
For many Trusts the AGM is the window for members to question the annual reports published by the Trust. The time when you are most likely to get questions that you don’t normally deal with, perhaps don’t have the time or expertise to with and probably don’t like dealing with. We could, of course, … [Read more...]
