Our blog on the latest issues affecting the Academy schools sector
How should trust boards set CEO salaries?
March 5, 2018
It’s been over a month now since all academies reported their results to the ESFA via the Annual Accounts Returns and so we are well into the season of scrutinising academy trusts’ accounts and, as ever, the hot topics are related-party transactions and executive pay.
How can your academy school cut costs?
February 27, 2018
In the second of our two-part blog series, the first of which focused on how academies can generate additional income, we now look at cost-cutting. One of the biggest costs within an academy is that of staff costs, and seems to be one of the first areas under review when carrying out a cost cutting exercise.
Yet another reporting requirement for large multi-academy trusts
February 22, 2018
An important deadline looms for larger multi-academy trusts due to legislation requiring certain large companies to publish half-yearly reports on their payment practices, policies and performance.
How can your academy school generate additional income?
February 22, 2018
Increasing revenue doesn’t always mean working harder or increasing costs, sometimes this just means looking at your existing assets and making them work to create more income for you.
Don’t forget the importance of the Responsible Officer’s duties
February 7, 2018
While you’re busy focusing on meeting the various deadlines that come your way, you must also make sure that your school is keeping up with the Responsible Officer work.
Common audit and accounting issues for MATs
February 2, 2018
As academies season comes to a close, we've summarised some of the common accounting and audit issues that we came across during our 2017 audits and which often arise when schools or established academies join or leave a trust.
GDPR – the deadline looms closer
January 24, 2018
A reminder that the General Data Protection Regulation (GDPR) deadline of 25 May 2018 is edging closer. GDPR has been on the radar of most academies for some time since the new legislation was announced, but there remains a lot of confusion.
Academy trusts failing to submit return to be named
January 22, 2018
In a move that should be welcomed, the new Chief Executive for the Education and Skills Funding Agency (ESFA), Eileen Miller, has warned academy trusts that the names of those who are late in filing their financial returns will be published.
Tips for academies in the immediate post-audit period
January 12, 2018
The statutory audit process is over for another year but are there any action points to take forward to 2018? In this blog we outline some tips for academies.
No rest for academies as accounts return deadline looms
January 5, 2018
The academy sector hasn't had long to rest after two big deadlines passed in December 2017, as the New Year brings with it the accounts return deadline on 19 January 2018 which has been brought forward despite complications with the online submission last year.