At the beginning of May, the education secretary, Damian Hinds announced that the government will be attempting to give parents a wider choice in finding the right school for their children by delegating funds to expanding grammar and faith schools.
With this, the Selective School Expansion Fund (SSEF) has been created, to allow existing selective schools to apply on the grounds that they prioritise admission to pupil premium children and create an outreach programme with local primary schools.
By August 2019, all trusts have been told to clear any “related-party transactions” with the Education and Skills Funding Agency to make sure no trustee or committee member are abusing their position.
The pressure is rising for school business managers. With school budgets getting constantly tighter, the last thing you need is long, outdated processes and complex software slowing you down. At SAAF Education, our main aim is to make your school finances simple and efficient, so we try to help out where ever possible.
If you're a school or academy that uses Capita SIMS FMS, then we have put together four of our top tips in a helpful infographic for you; feel free to save or download for future reference.
Managing your school’s finances can be a difficult task because you have to constantly juggle the routine tasks as well as taking on the bigger challenges. These everyday duties however, can take up a lot of your time and resources, which can affect your financial responsibilities.
Working with school business managers, we know that they do an excellent job regardless of size or school type, but we also know that everyone needs additional support at times. The tips below will hopefully assist you with the day to day financial responsibilities of your job.
Last year, in April 2017, the Department for Education (DfE) launched the Strategic School Improvement Fund (SSIF), a £140 million grant that supports schools who need help improving performance and pupil attainment.
Applications for round three of the funding will close at midday on Friday 20th April 2018, but how do you know if you can apply? What can the funding pay for? What is the criteria for applications?
All these questions, and more, will be covered in this blog.
Are you considering establishing a multi-academy trust? One of the things you will need to think about will be the structure of the trust governance.
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.
This year the IR35 guidelines came into force. IR35 is a set of guidelines that employers must now follow when engaging ‘intermediaries’ for goods and services. These guidelines have been introduced by the government to tighten the controls around employer responsibilities, ensuring the correct application of Pay as you Earn (PAYE) and National insurance(NI) contributions.
The guidelines relate to the decision which must be made as to whether the individual is an employee, and thus paid through the payroll subject to PAYE and NI, or a sub-contractor, paid by invoice.
On 14th September the Secretary for Education, Justine Greening, confirmed the details on the fairer funding systems for schools. Along with the additional funding of £1.3 Billion that was announced in July, the new National Funding Formula (NFF) looks to:
Effective from 1st April 2017 employers with over 250 staff are required to begin collecting data to report on the gender pay gap, which simply put is the difference in aggregate hourly pay between men and women under their employment.
However, if you employ less than 250 staff, you can still voluntarily report on the gender pay gap criteria, although, this is not currently a mandatory requirement.