Maintained schools are required to comply with our scheme for financing schools, including the financial regulations for schools.
Most of our services are free, statutory services, but we can also offer your school a fee-based financial advisory service that's:
- robust
- efficient
- effective
- economical
Our dedicated advisers can work closely with you on a long-term basis, making sure your financial management remains of the highest standard.
Key features
| Service | What the service includes |
|---|---|
| Comprehensive annual budget forecast | Preparation for the school, governors, and local authority submission. |
| Automation of accounting systems | Integration with spreadsheet for budget forecasting and local authority reporting. |
| Tailored budget forecast Excel template | Development of a customised template for your school. |
| Dynamic financial forecasting | Monthly and quarterly financial forecasts in alignment with funding and staffing changes. |
| Budget monitoring and variance analysis | Detailed reports with variance analysis and action plans for adjustments. |
| Financial health check | Ensuring compliance with the internal audit program. |
| 12-month cash flow forecast | Identification of your school's cash flow requirements over the next year. |
| Consistent financial reporting | Grant income reconciliation to ensure compliance with local authority reporting. |
| Control account reviews | Payroll reconciliation and VAT reconciliation. |
| Expert advice and support | VAT, accounting for capital projects, financial systems, and financial reports. |
| Help with submissions | Month-end and year-end accounts to the local authority, school financial value standard preparation. |
| Helpdesk support | Prompt responses to all financial queries. |
| Finance staff training | Providing the necessary training to enhance financial expertise. |
Our advisers
Our team of advisers bring over 10 years of experience in the education sector. They can make sure school leaders get strategic support to effectively manage their budgets. We:
- are committed to delivering value-for-money services on a traded service offer
- aim to provide a consistent and integrated management service that meets the needs of all stakeholders
If you have any questions or want to explore this service further, please contact us. We look forward to the opportunity to support your school's financial wellbeing.