Every year, the Education and Skills Funding Agency (ESFA) open a bidding round under which academies and multi academy trusts and sixth form colleges can apply for capital funding. Last week we were informed The Department for Education (DfE) has published and made available additional funding … [Read more...]
Solving your internal Audit Issues for Schools and Academies
Alan Patient provide are here to provide you with a very specialised service within schools and Academies in how to 'Solving your Internal Audit issues' We are reaching out to you and would love to talk to you about the change in Ethical Standards requiring Academy Trusts to have separate … [Read more...]
BFRO will not be required this year
This is the time of year when stress levels rise even higher in many Academies as they are usually working on their BFRO (budget forecast return outturn) submissions for the ESFA. However, because of the Covid-19 crisis the BFRO will not be required this year. The Department for Education said … [Read more...]
Deadline Approaching for your Academy Trusts Audited Accounts
If you run an Academy trust your audited accounts need to go to the ESFA by 31 December 2019. These accounts are based on your financial statements from the period ending 31 August 2019. This article has some points to help you through the process of submitting your audited end of year accounts to … [Read more...]
ABOUT THE ACADEMY ACCOUNTS RETURN
If you are running an Academy Trust your academies accounts return form goes live on 4 November 2019. As an Academy trusts, you need to complete this form if you have audited financial statements for any period to 31 August 2019. The audited return needs to be submitted, online, by 20 January … [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...]
Making more from your school’s assets
The phrase “sweat your assets” is one that still leaves me cold and it often feels like a throwback from the 1980’s. However, in an age where Schools (and especially Academies) are struggling for cash, the phrase seems ever more relevant. What do you mean sweat your school’s assets? In this … [Read more...]
Government help for childcare in the holidays
Can you believe it the six weeks holidays are upon us once again and I am sure you will be doing one of the following:- • Tearing your hair out • Rejoicing the long break • Worrying about having less staff around to do the essential work Finance is available for your staff childcare … [Read more...]
Budgeting tools for schools and academies
Budgeting isn’t something that most Schools and Academies enjoy. It can take up a lot of time (reducing pupil contact time), create stress and still be “wrong” (needing money to be found elsewhere or something to stop happening. Tips for making budgeting easier in schools When … [Read more...]
