Our blog on the latest issues affecting the Academy schools sector
Supplier bank account fraud – be aware
July 5, 2018
"Supplier bank account fraud" is an increasingly common fraud whereby an organisation receives a request to change bank details from someone purporting to be from a supplier.
Don’t forget about gift aid!
June 15, 2018
As funding continues to be tight in the academy sector there are lots of good ways to raise additional funds. One of these is utilising the rules around gift aid for donations to the academy.
DfE proposes closer related party monitoring
June 7, 2018
The move comes in response to a highly critical Public Accounts Committee report in March, which concluded that current rules around related party transactions are ‘too weak to prevent abuse’.
Ten days to go: Teachers’ Pension End of Year Certificate deadline is fast approaching
May 21, 2018
The EOYC is essentially a summary which details the contributions made by the employer and employees to the TPS for the financial year to 31 March 2018 split out into different categories and contribution tiers.
Deadline fast approaching for academy trusts to submit their budget forecast return outturn
May 17, 2018
The BFRO collects financial outturn information as at the 31 March 2018. This must be submitted to the Education Skills Funding Agency (ESFA), who use the information provided to ensure that the academy sector can accurately report its financial data to HM Treasury.
DfE release their GDPR toolkit for schools
May 10, 2018
The General Data Protection Regulation or GDPR; it’s is certainly the hot topic at the moment. Finally the DfE have released some specific guidance to schools on the impending Regulation which comes into force on 25 May.
Hot topics from The Academies Show 2018
May 3, 2018
Last week UHY had our usual stand at The Academies Show at ExCeL in London. This was an excellent opportunity for us to engage directly with a wide range of people within the academy sector, talk to them and find out about the current ‘hot’ topics.
The Budget Forecast Return Outturn (BFRO) is now available for use
April 20, 2018
The online form for the academies BFRO has now been made available by the Education & Skills Funding Agency.
House of Commons committee addresses risks following review of academy schools’ finances
April 4, 2018
On 26 March, the House of Commons’ Public Accounts Committee published a report into their review of academy accounts. They identified a number of potential risks faced by academies