Our blog on the latest issues affecting the Academy schools sector
Long term absence of the Accounting Officer
November 22, 2018
As we are fast approaching the close of the academy audit season it is worth looking at the guidance available on the what steps to take in the event of a long term absence or sudden departure of the Accounting Officer, a key signatory on the statutory accounts.
Land and Buildings Collection Tool – submission by 5 November
October 16, 2018
Most trusts will have completed this form in the previous year and this data will be included in their 2018 return. The academy trust is required to confirm that this is still accurate and to note any changes during the 2017/18 academic year.
Update on Teachers’ Pension employer rate changes for 2019
September 26, 2018
I was writing this blog yesterday when it came to my attention that schools have received an email notifying them of an estimated employer contribution rate increase to 23.6% for the period from 1 September 2019 to 31 March 2023.
The Academies Financial Handbook 2018: a reminder
September 25, 2018
A reminder of the key changes and 'must do' requirements contained in the latest Academies Financial Handbook update, which came into effect on 1 September.
New efficiency and self-assessment tools
September 13, 2018
The DfE have released some useful new tools that could help academies to gauge their efficiency and ensure they are managing their resources effectively.
Does your academy trust board meet often enough?
August 30, 2018
How often should the trustees of an academy trust meet? There is no right or wrong answer to this, and the number of meetings will vary considerably between trusts of different sizes and complexities.
More academies on the move – don’t forget your due diligence
August 24, 2018
The latest DfE figures suggest that the number of academy transfers between trusts has increased by 30% in the last year. With this in mind, conducting a due diligence exercise is essential and there are several things to consider when doing so.
Is your academy managing resources efficiently?
August 17, 2018
Our blog last week highlighted the importance of preparing management accounts on a regular basis and for the Governors and Trustees to review this management information – but what sort of things should the Governors be looking at to see if the academy is managing its resources effectively?
Are your management accounts fit for purpose?
August 14, 2018
The 2018 Financial Handbook (effective from 1 September this year) requires all Trusts to produce monthly management accounts, and to share these accounts with the chair of Trustees.