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Insights

The latest press releases and opinion from Bishop Fleming

Funding your central function

Funding your central function

Posted by Pam Tuckett on April 17, 2018

Continuing with our guidance on issues affecting multi academy trusts, this month I am looking at the central function and the various ways it can operate. Every Multi Academy Trust must decide how it is going…

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Lessons to learn from latest Financial Notice to Improve

Lessons to learn from latest Financial Notice to Improve

Posted by Ben Thorne on March 27, 2018

The ESFA have issued a Financial Notice to Improve (FNtI) to Bolton University Technical College, dated 23 February 2018. The FNtI was issued due to a number of non-compliance points with the Academies Financial Handbook.…

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CEO Pay code required – true or false?

CEO Pay code required – true or false?

Posted by Sally Timmins on March 27, 2018

Whether your trust is in financial surplus or deficit, the question around CEO/head teacher pay is always a dilemma for trustees. With no official guidelines or pay scales in place for academies, it can be…

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ESFA Budget returns and guidance

ESFA Budget returns and guidance

Posted by Ben Thorne on March 26, 2018

The ESFA have announced the latest deadlines for financial returns this year, see here. The letters sets out all of the key reporting dates but also dates when further guidance will be released. As introduced…

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The value of School Business Professionals

The value of School Business Professionals

Posted by Ben Rance on March 13, 2018

At a time when budgets are becoming increasingly challenging to manage; with schools and trusts facing pressure to do more with less, it might seem odd that we write to you about increasing resources in…

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A Central issue for Academies

A Central issue for Academies

Posted by Pam Tuckett on February 14, 2018

Bishop Fleming’s Head of Academies, Pam Tuckett, looks at centralisation as a way forward for struggling academies, on the back of the publication of the 2018 Benchmark Report. Whilst I was working on the Benchmark Report, I…

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Guide to using the Benchmark Report

Guide to using the Benchmark Report

Posted by Pam Tuckett on February 8, 2018

Our recently released benchmarking report is a useful tool for both single academy (SAT) and multi academy trusts (MAT) to assist with your academy planning. The body of the report This details our core findings…

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Academies fight to stay afloat as reserve crisis looms

Academies fight to stay afloat as reserve crisis looms

Posted by Press Release on February 1, 2018

Eight out of ten academies are running at a deficit, as they battle to hold on to their dwindling resources under a deluge of rising costs and increasing scrutiny, according to the latest survey of…

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Academy Trusts’ duty to Report on Payment Practices and Performance

Academy Trusts’ duty to Report on Payment Practices and Performance

Posted by Natercia Hughes on January 31, 2018

New rules requiring the UK’s large businesses, including Academy Trusts, to publish half-yearly reports on their payment practices, policies and performance, came into force for financial years beginning on or after 6 April 2017. The reporting requirement…

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Academies and Related Party transactions – in the news again!

Academies and Related Party transactions – in the news again!

Posted by Ben Thorne on January 29, 2018

Once again an academy trust has made the headlines for related party transactions. It has been reported that the Chief Executive of EMLC Academies Trust, which runs seven schools, is also a director and shareholder…

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