SAAF Education Blog

It's time to prepare for the Condition Improvement Fund (CIF)

The bidding window for the Condition Improvement Fund (CIF) usually opens around October half term and closes just before Christmas. However waiting until the bidding window opens can make it much more difficult to organise and plan your project, if you start now, you will have plenty of time to write a successful bid and submit it on time.

If you work in a standalone academy, free school or small multi-academy trust, with the support of our partners you can start the process now. We can assist in preparing a bid that could result in significant benefits for your school.

Extra Funding to Enhance Science and Music Lessons (UK)

It can often be a difficult process to receive funding for various departments in your school, academy, or MAT however there are a couple of non DFE grants currently available as a top up to your standard funding streams. 

If you’re looking for additional funding to support your school and enhance the learning experience for your pupils, this post can point you in the right direction to achieve this.

Become a PSF Master with our Live Webinar Programme

As a PS Financials (PSF) accredited support and training partner we understand how complex the software can be for users. Some processes can be time consuming and at times cumbersome, leaving you wondering is there a simpler way of doing this?

Free School Meals During the Corona Virus Outbreak

During the current COVID-19 pandemic, many schools are concerned about the impact on pupils who are eligible for benefits-related free school meals.

Even though the majority of schools are currently closed, the DfE have announced that schools should continue to support these children with the benefit of free school meals.

Free Finance System Review

Your accounting software is one of the most important tools in your arsenal when it comes to making key strategic and operational decisions. It not only performs the function of paying suppliers and raising sales invoices, it also acts as your primary system for monitoring all income/expenditure and when utilised to its full potential ensures compliance with statutory reporting as well as being the key control over your financial assets. Having the right system in place and ensuring it is maintained regularly will pay dividends, both in terms of efficient use of available resources as well as offering peace of mind that the financial information being presented to stakeholders is accurate.

With the ever-growing requirements of financial reporting in education, it is crucial that your accounting software not only offers a wide range of reports, but that the reports are up to date and reflect a true and fair position.

Effective internal controls are also essential to enable different levels of access to support the segregation of duties. It is key that the right parts of the system are only available to the right people.

Do you need grant funding for a school development project?

It can often be a difficult and lengthy process for schools to gain access to new funding. If you’re looking for additional funding for a development project, we can assist you. Using the expert knowledge and experience of our grant finding partner, we can help you secure funding to suit your needs.

Financial Insight Tools for Academy Trusts

A new benchmarking tool has been released by the DfE, my financial insight tool, which will enable academies to compare their financial performance with 30 most similar schools (based on either pupil characteristics or premises characteristics) in order to analyse data from nine cost categories. The data has been provided from the benchmarking data submitted by trusts in their 2018 to 2019 accounts returns.

New Pupil Premium Rate from April 2020

The government recently announced that pupil premium rates are due to rise in line with inflation from April 2020 for all eligible pupils.  This funding will come from the government’s £2.6 billion increase in school budget for 2020/21.

DfE COVID-19 Funding Arrangements Update

Whilst schools will continue to receive core funding budget allocations, there is also an expectation that schools continue to make payment for pupils attending alternative provisions and also to continue paying staff in line with employment contracts. However additional funding has been identified for all schools including pupil referral units, free schools, alternative provisions and hospital schools and academies for the following expenses:

Top 10 Tips for School and Academy Finance Staff

I am sure all of you have been following updates on COVID-19 and the grave impact it is currently having across the world. Whilst more and more countries take action to manage and mitigate the impact of COVID-19, the efforts of many governments and authorities as well as healthcare staff worldwide to fight this pandemic deserves the greatest respect.  This respect also extends to critical workers including schools and academies staff.