Posted on April 6, 2020 by Jeff Eden in Finance.
The Trust Capacity Fund (TCaF): A funding opportunity from the DfE to grow your school or Trust
The next round of Trust Capacity Fund has been announced and will open to applicants on April 6th.
SBS have teamed up with Premier Advisory Group (PAG) to help schools and trusts identify greater funding opportunities during these trying times. In our first collaborative blog we are talking about The Trust Capacity Fund (TCaF) for 2020-2021.
The Trust Capacity Fund (TCaF) 2020-2021 is the successor programme to the Trust Capacity Fund 2019-2020. It will continue to support MAT growth and development across England. It will also support selected LA maintained rural schools to collaborate and create new, strong Multi-Academy Trusts.
Criteria for funding applications:
Any funding must benefit the trust as a whole and contribute to trust infrastructure and capacity, as opposed to funding towards the improvement of a single school.
Previous applications for Premier Advisory clients have included:
- ICT development including the procurement of software or services to centralise functions
- Leadership capacity
- CPD costs to develop existing staff to undertake enhanced roles
- Legal costs associated with a merger
- Salary costs for new staff/services, to strengthen the back-office operations to enable MAT growth
- Priority projects from Regional School Commissioners (RSCs) which do not fall under other strands.
Application rounds and deadlines:
There are two periods within the 2020-2021 financial year to apply for the Fund:
- The first opportunity to apply begins on 6th April 2020 running until July 2020
- The second opportunity to apply runs from September 2020 until December 2020
Given the current COVID-19 crisis the first round may be delayed. We do, however, encourage applications to progress as planned, as each one will continue to be reviewed, but potentially delayed to the second round in September.
Is your organisation eligible and how PAG can help?
The DfE offer guidance here. However, there is obviously more to it and can at times feel daunting. This is where Premier Advisory Group can help. Along with talking through the criteria, PAG can write applications on your behalf.
To date Premier Advisory Group have secured more than £500,000 for small and large organisations via TCaF 1.
To find out how SBS and Premier Advisory Group can support you with your application, contact us today on 0345 222 1551 • Option 5 or email firstname.lastname@example.org
Posted on July 14, 2017 by Jeff Eden in SBS Online.
SBS Online Update – In-Year Balances plus more
The latest SBS Online update contains a new in-year row balance for several reports, maximum scales for teacher contracts, and improvements to Excel exports and other commitments in the Budget Monitor.
Posted on June 9, 2017 by Jeff Eden in SBS Online.
New Profile Report
Our June SBS Online update is led by the new Profile Report and Multi-School version. This report lays out your budget month by month so you can see at a glance your planned monthly income and expenditure, helping you to keep a better grip on your cash flow.
This month we are also introducing new features for:
- Budget upload
- Bulk clear budget monitors
- Hide national scales
- Other enhancements and bug fixes
Posted on April 25, 2017 by Jeff Eden in SBS Online.
New Funding Predictor for schools, academies and MATs
SBS Online’s Funding Predictor allows users to forecast income for five years by referencing student numbers, the latest funding formulae and Local Authority (LA) rates.
The software will accurately calculate AWPU, IDACI, FSM, EAL, prior attainment, MFG, ESG protection and other funding elements.
As budgets continue to be squeezed the Funding Predictor helps offer some stability for accurate future budget management.
Posted on January 30, 2017 by Jeff Eden in SBS Online.
The new 2017/18 National Insurance table is now available to apply to your budgets. From April 2017, the employer’s contribution rate of 13.8% will remain the same, but the thresholds have increased slightly. You are therefore strongly advised to apply the 2017/18 NI table in all of your unfixed budgets to ensure your staff costs […]
Posted on September 7, 2016 by Jeff Eden in SBS Online.
The latest update to SBS Online contains some improvements to service term management, cost centre usage and new functionality for Multi-Academy Trusts. Multiple Budget Codes to Service Terms It is now required that users map service terms to three budget codes simultaneously: Basic pay budget code National Insurance budget code Superannuation budget code For schools […]
Posted on July 11, 2016 by Jeff Eden in SBS Online.
Our latest release includes a new budget monitoring report, several more improvements to SBS Online and some minor bug fixes. Budget Profile report This new report works in conjunction with your budget entries and budget monitor. The Budget Profile report offers a clear picture of how you are tracking against your budget on a month by […]
Posted on April 1, 2016 by Jeff Eden in SBS Online.
April begins with a new update to SBS Online and the most significant update we have made so far this year. Read the rest of this news article for an overview of the functionality or keep an eye on the blog for a forthcoming video tour of the new release. Payroll reconciliation Firstly, we have […]
Posted on January 25, 2016 by Jeff Eden in SBS Online.
We are delighted to announce that SBS Online has been projecting 2016/17 employer contributions for National Insurance correctly since February 2015. The government has announced the new thresholds and they exactly match our 2016/17 NI Indicative table. This means that if you created new budgets using this Indicative table to project the impact of the […]
Posted on December 17, 2015 by Jeff Eden in SBS Online.
Our new SBS Online update contains several improvements, plus some bug fixes. Theme selector Choose how your SBS Online planner looks by selecting a different theme. By default, one of the new themes has already been selected for you – ‘Modern’. To change your theme, simply click on your username in the top-right corner and […]