Our blog on the latest issues affecting the Academy schools sector
The importance of having a robust recovery plan
October 14, 2019
In this day and age its fair to say that one or two academy trusts are struggling to make ends meet, so it's important to have a robust recovery plan in place.
Land and buildings collection tool – submission by 4 November
October 9, 2019
The land and buildings collection tool (LBCT) is now online and the deadline for completion and submission is the 4 November.
The importance of audit management letters
September 2, 2019
An audit management letter can prove invaluable to academy trusts, as it should include thoughtful and precisely defined points for action, graded to ensure that high-risk issues are tackled immediately.
Is your academy trust managing risk adequately?
August 14, 2019
The Academies Financial Handbook, effective from 1 September, states that trusts must maintain a risk register. So how should you approach this?
Chief Executive of ESFA issues a letter to academy accounting officers
July 29, 2019
On 19 July 2019, Eileen Milner, the Chief Executive of the ESFA issued a letter to academy trust accounting officers, copied to chairs.
Academies transferring to new Academy Trusts and Grant funding
July 22, 2019
The proportion of academies moving trust and that have received grant funding has decreased from 31 percent in 2016-17 to 26 percent in 2018-19.
Are your monthly management accounts in line with the new 2019 Financial Handbook?
July 10, 2019
The Financial Handbook requires all trusts to produce monthly management accounts which must be shared with the chair of trustees every month.
Pooling of GAG funds in Multi Academy Trusts (MATs)
June 13, 2019
The pooling of the General Annual Grant (GAG) is permitted by the Academies Financial Handbook and has been since 2013. Here’s how it could benefit your MAT.
Budgeting for Teacher Pay Grant and Pension Grant funding
June 10, 2019
Academies have known for some time that grant funding would be available to cover the cost of rising teacher salaries and the increase in Teachers’ Pension Scheme employer contribution rates.