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Insights

The latest press releases and opinion from Bishop Fleming

Budgets - what our clients are budgeting

Budgets – what our clients are budgeting

Posted by Pam Tuckett on July 17, 2018

At our recent academy seminars we asked attendees a variety of questions related to budgets. We wanted to gain an understanding of the factors affecting your budgets, and what assumptions you have been using to…

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New Academies Financial Handbook

New Academies Financial Handbook

Posted by Ben Thorne on June 28, 2018

The new Academies Financial Handbook (AFH) has been released by the ESFA. It takes effect from 1 September 2018 for the new school year, but you should be aware of the changes and guidance immediately…

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Increased expectation and demands for ‘high standards’ of governance

Increased expectation and demands for ‘high standards’ of governance

Posted by Sally Timmins on June 22, 2018

On the same day that Damian Hinds MP delivered his speech with a “call to arms” for more governors, together with measures for supporting governors around the country, came the release of the Academies Financial Handbook (AFH) update…

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Budget forecast return

Budget forecast return

Posted by Ben Thorne on June 21, 2018

The ESFA have now released their final guidance and the workbook to allow you to start on the Budget Forecast Return. The online form is due to go live on 21 June 2018 (not 1 June…

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Bishop Fleming Strikes Gold for Client Service

Bishop Fleming Strikes Gold for Client Service

Posted by Press Release on June 21, 2018

Leading professional services firm, Bishop Fleming, has been awarded Gold status by the independent customer services agency, Investor in Customers (IIC), in its latest survey of clients and people. The firm, which delivers accounting, tax…

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CIF bids and reminders

CIF bids and reminders

Posted by Ben Thorne on June 1, 2018

Condition Improvement Fund (CIF) grants awarded to Academy Trusts in 2017 should ordinarily be spent on the project it was awarded for, and should have been spent by 31 March 2018. This is the standard terms…

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Several Schools have been hit with a financial notice to improve (FNTI) by the ESFA

Several Schools have been hit with a financial notice to improve (FNTI) by the ESFA

Posted by Jessica Herbert on May 29, 2018

It has recently been released that several schools have been issued with a FNTI following breaches of their funding agreements and for not setting balanced budgets. Ashwell Academy Trust in Hull broke the terms of…

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Planning checks for Governors - Finance planning and monitoring tips

Planning checks for Governors – Finance planning and monitoring tips

Posted by Sally Timmins on May 16, 2018

The Department for Education has recently (9th May) updated a useful tool to guide governors and trustees with the type of challenge they should be considering in financial management of resources in their trust. This…

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Developing the skills of academy schools

Developing the skills of academy schools

Posted by Press Release on May 3, 2018

Top 30 advisory firm, Bishop Fleming, the UK’s top auditor of Academy schools, is helping the sector develop its accounting skills in light of the current financial challenges in schools. The firm, which delivers audit,…

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Sports funding, early language skills and clerking grants

Sports funding, early language skills and clerking grants

Posted by Ben Thorne on April 30, 2018

Over the last month there have been a few new pots of money that have become available for Academy Trusts. The first available is a new pilot by Sport England, alongside Teaching Schools Council, is…

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