April Round Up

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For those considering expanding their Academy Trusts or opening a new UTC the DfE have recently issued guidance.

Primary Schools are reminded to publish details on how they spend their Sports Grant.

And for all we start with a look at the EFA planner for the Summer term.

From The EFA Planner

April

  • Fourth payment of Pupil Premium for 2015/2016
  • Publication of academy trust budget forecast guidance

May

  • Last payment of 2015/2016 Sports Grant to primary schools
  • Academy trusts to submit their audited financial statements to Companies House by 31 May 2016
  • Academy trusts’ March accounts returns due 31 May 2016
  • Academies Accounts Direction 2015 to 2016 published

June

  • Academies Financial Handbook 2016 published.

July

  • Academy trusts’ budget forecasts due 31 July 2016
  • Academies’ August accounts return published
  • New academy trusts to contact EFA by September if they intend to submit dormant accounts for 2015 to 2016

Further details can be found in the EFA Exchange.

New Academies – March Accounts Return

Academy accounts returns assist the DfE in bringing together information from Academy Trusts (year end 31 August) with the accounts of the DfE (year end 31 March). Much of the information is from the accounts produced by academies as set out by SORP; but some additional information is needed by the DfE.

The majority of Academies complete a return following publication of their year end audited accounts – however information about some operations is not available from these returns, so trusts may need to complete an additional March return.

The following Academies will need to provide the DfE with a March Accounts return:

  • Trusts with academies open at 31 March 2016 that did not prepare audited accounts at 31 August 2015
  • Trusts that did prepare audited accounts as at 31 August 2015 but have opened academies between 1 September 2015 and 31 March 2016

The EFA have a live webinar on 26 April 2016 to help Trusts in preparing this return – click here to register.

PE and Sport Premium

The DfE provides funding to schools as part of the PE and Sport Premium, which is ring-fenced funding to help improve the quality of physical education and sport teaching in primary schools. One of the conditions of grant is that schools must publish information, on their website, about their use of the premium funding by 4 April 2016.

The information should include:

  • The total amount of premium funding received
  • A full breakdown of how the funding has been spent (or will be spent)
  • What impact the school has seen on pupils’ PE and sport participation and attainment and how these improvements will be sustainable in the future.
  • Schools should also consider how their use of the premium is giving pupils the opportunity to develop healthy, active lifestyles.

Clicking here will take you to a page setting out what schools need to publish of their websites.

DfE Funding for Sponsored Academy Projects

The DfE have recently published a document that gives sponsors information about the DfE funding that is available to academy trusts for full sponsored, intermediate and fast track academy projects, including grant payment and reporting arrangements. In some situations, the project type attracts a differing level of funding support – these are clearly identified in this document. For more information click here.

New UTC Applications

The deadline for applications to establish a university technical college (UTC) is 7 October 2016. To help groups interested in opening a UTC, the DfE will publish guidance before the summer on the application process.

The guidance will include information on:

  • What DfE expects in an application to establish a UTC
  • What applicants need to know before applying
  • How to complete and submit an application
  • Who to contact for help with an application

Applicants are strongly encouraged to discuss their application with the Baker Dearing Educational Trust, who will be able to offer advice and support. BDT is funded by DfE to help applicant groups prepare.

For more information click here.

Dream Teams

School Business Services has recently assisted in the publication of an article to help support schools undertaking staff re-organisations. Read the article by clicking here.


Sizzling Summer Reads

Whether you are sat on a sunny Spanish beach or camped in a cool Clacton cove, we look at some of the ‘best sellers’ for finance staff this August Academies Financial Handbook The latest edition comes into effect on 1st September. The handbook strengthens the requirements on academy trust governance, and emphasises that trusts must […]

Read more...


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