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Insights

The latest press releases and opinion from Bishop Fleming

What does your Trustee report reveal about you?

What does your Trustee report reveal about you?

Posted by Sally Timmins on October 3, 2018

With the end of the 2018 financial year now concluded, trusts will now be in full swing getting matters tied up for the year end and looking ahead to the next few months of hard…

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Are you using the new School Workforce Planning tools?

Are you using the new School Workforce Planning tools?

Posted by Ben Thorne on September 28, 2018

The Department for Education have released a guidance document on school workforce planning which will assist schools and academy trusts on reviewing staff workforce structures and so the senior leadership teams can work towards improving them.…

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What happens when the finances go wrong in an academy?

What happens when the finances go wrong in an academy?

Posted by Ben Thorne on September 28, 2018

Case Review There have been a number of instances recently where an FMGR has had to be carried out at an academy due to reports and allegations of poor financial management and inadequate governance policies.…

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Academies – school children learn financial skills for adult life

Academies – school children learn financial skills for adult life

Posted by Press Release on July 30, 2018

Year 10 students in their final year at Ilfracombe Academy are learning how to manage money in the real world, thanks to a joint initiative with Top 30 advisory firm, Bishop Fleming. The firm, which delivers accounting,…

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End of term pay rise chalked up for teachers

End of term pay rise chalked up for teachers

Posted by Gary Mackley-Smith on July 26, 2018

Classroom teachers are to receive rises in their pay of up to 3.5 per cent, following recommendations by the School Teachers’ Review Body. This equates to a pay rise of between £800 and £1,366 for…

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National Funding Formula – delayed until 2021

National Funding Formula – delayed until 2021

Posted by Ben Thorne on July 23, 2018

The ESFA have announced the schools block funding formulae for 2018/2019 (https://www.gov.uk/government/publications/schools-block-funding-formulae-2018-to-2019) and there is a key change that could affect an academy trust’s budgets. All Academy Trusts are required to submit, by the 30th…

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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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