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...]
How to make your Academy’s year end audit easier
If you run an Academy you need to start planning your year-end audit in September, even better in July or August. This financial audit will cover all income, expenditure, prepayments, accruals and depreciation – in fact anything that relates to the financial management of your Academy. What do … [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...]
How to set up your bank accounts for a MAT
Converting your school to a MAT (multi academy trust) can be frustrating, time consuming and often uncovers lessons “for next time” (except there rarely is a next time). A good recent example where we have been helping a school converting to a MAT, and setting up their school bank account for a … [Read more...]
Why is it important for a Trust to have somebody present the Financial Statements at the AGM?
Recently I was undertaking one of the most pleasant activities I ever do for trusts. I was presenting their financial statements at their AGM. It’s great to meet a wide range of the people our clients deal with and help them to really understand their numbers. For many Trusts the AGM is the … [Read more...]
