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What the Spending Review 2025 Means for School Budgets

At School Business Services, we’ve reviewed the government's full Spending Review 2025 and pulled together the key takeaways and what they mean for your budget planning over the next few years.

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Latest News

Consistent Financial Reporting framework update 2020/21
Finance

Posted on 7th September 2020

Consistent Financial Reporting framework update 2020/21

Following our previous updates about the CFR framework we have provided the latest information for 2020/2021. This year will involve a large period of adjustment for us all, not just financially bu...

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2019/20 Financial Statements Deadline Extension
Finance

Posted on 27th August 2020

2019/20 Financial Statements Deadline Extension

Due to the challenges that Covid-19 has presented, the ESFA have been constantly monitoring their demands of academy trusts, especially when it comes to the submission of their financial statements. ...

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Covid-19 Catch-up Premium
Finance

Posted on 20th August 2020

Covid-19 Catch-up Premium

School children across the country have experienced unparalleled disruption to their education as a result of COVID-19. The combined impact of lost time in education will be extensive, and it is imp...

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The Latest ESFA Update
Finance

Posted on 10th August 2020

The Latest ESFA Update

The recent ESFA update has provided plenty of information concerning the 2020/21 academic year. In light of the COVID-19 pandemic, there have been many an update concerning deadline and funding cha...

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Letter to Accounting Officers
Finance

Posted on 3rd August 2020

Letter to Accounting Officers

The ESFA have released their letter to accounting officers in academy trusts. This is the first letter distributed since April and a lot has happened in that time. Schools have faced immense challen...

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PE and Sport Premium for schools confirmed
Finance

Posted on 20th July 2020

PE and Sport Premium for schools confirmed

It has been announced by the Education Secretary in the last week that schools in England will benefit from £320 million from the PE and Sport Premium during the 2020/21 academic year. This premium...

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Academies Financial Handbook 2020 Released
Finance

Posted on 9th July 2020

Academies Financial Handbook 2020 Released

The ESFA have released their latest version of the Academies Financial Handbook which comes into effect from 1st September 2020. As a condition of their funding agreement, Academy trusts must comp...

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An update on the Internal Audit
Finance

Posted on 23rd June 2020

An update on the Internal Audit

Did you know that Internal Audits can be done remotely? As an Academy or Trust, you are considered an independent institution and are therefore responsible for the results you accomplish and how pu...

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Updated Academies Chart of Accounts
Finance

Posted on 12th June 2020

Updated Academies Chart of Accounts

An updated chart of accounts has been released for Academies by the Department for Education for use in the academic year 2020/21. This includes a small amount of changes to the previous set release...

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The Trust Capacity Fund
Finance

Posted on 6th April 2020

The Trust Capacity Fund

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. ...

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Beware of coronavirus email scams
Company News

Posted on 1st April 2020

Beware of coronavirus email scams

Families who receive Free School Meals have been targeted by a coronavirus email scam asking them to pass over their bank details. The government has issued a warning urging people not to fall for it...

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Keyworkers information on School Closures
Company News

Posted on 23rd March 2020

Keyworkers information on School Closures

To limit the spread of COVID-19, the government have advised that if children can stay safely at home, they should. Schools and all childcare providers are being asked to continue to provide care fo...

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