Our blog on the latest issues affecting the Academy schools sector
Increased scrutiny for academies over executive pay
December 20, 2017
A new requirement included in the Academies Financial Handbook 2017 suggests that executive pay within academies is set to be open to increased scrutiny, with some needing to provide evidence of a robust salary setting process.
Accounting officers reminded of their accountability
December 13, 2017
The ESFA has issued a letter to accounting officers within academy trusts, emphasising their accountability for robust financial management and ensuring high standards of governance.
Greater freedom and authority for schools?
December 6, 2017
The School Standards Minister has given a speech claiming that teachers now have more freedom to pursue the teaching methods they deem to be most effective.
The Local Government Pension Scheme – common questions and answers
December 4, 2017
For academy schools the value of the liability reported within their financial statements runs into the hundreds of thousands, if not millions of pounds in the majority of cases.
How did the 2017 Autumn Budget impact on the education sector?
November 23, 2017
Anyone involved in the education sector would have tuned in to Chancellor Philip Hammond's 2017 Autumn Budget yesterday in hope of some financial relief - so what was announced?
Is your academy trust quality risk assured?
November 8, 2017
It is that time of year when audit committees and boards of trustees are meeting to consider the year-end financial statements and audit findings...
MAT Development and Improvement Fund
October 26, 2017
The Department for Education (DfE) has launched a new £53 million investment fund to help support the strongest academy trusts – particularly those focused on raising attainment for disadvantaged pupils – to take on and improve underperforming schools.
Academies: how do you identify your strategic risks?
October 12, 2017
Strategic risks can be defined as ‘the uncertainties and untapped opportunities embedded in your strategic intent and how well they are executed’.
Give your academy school the gift of greater financial insight
October 5, 2017
With 48% of academy schools now managing their finances via the cloud, it’s fair to say the impact upon the sector has been substantial. But what are the benefits of conversion for schools?