SAAF have supported lots of maintained schools with the complex project of converting to academy status. There are lots of steps to take during this process and we have found that School Leadership Teams can underestimate just how much will change. Even though the curriculum and general running of the school usually stay the same, your finances and accounting will take on a large transformation, causing countless issues if you are unprepared.
To avoid these issues, we have put together 5 top tips that we believe will support in making the process seamless.
The conversion process usually takes around 3-4 months, but it is best to start planning for conversion either 6-12 months before. To make the planning process seamless, we advise you to set up a project plan with realistic timelines to ensure that no important tasks are missed, and everything is completed in a timely manner. Some points to consider are:
IMPORTANT NOTE: Your conversion date can change at the last minute, so keep this in mind when setting out your project plan.Preparation
To make sure you are managing your increased financial responsibility and statutory returns efficiently, you should ensure your finance system is fit for purpose by checking:
Change your finance functions
To meet the requirements of the Funding Agreement and the Academies Handbook, School Business Managers must make changes to their finance functions. We advise that you make the following changes:
To learn more about the conversion process, check out our step-by-step guide by clicking the button below.