Contact us today to discuss our academy and MAT finance support services

Our finance consultancy service for the education sector gives you peace of mind that you’re compliant and accountable, and that all your delegated funds are used efficiently.

SAAF provide a comprehensive range of help for existing academies. If you are an existing academy, we can help you with a range of elements including ensuring you are compliant with the academies financial handbook, annual budget setting and cash flow monitoring and management. You can also benefit from advice on accounting treatment of trading activities and a review of existing accounting policies and procedures.

Our fully-trained consultants can provide complete on-site and off-site support and you can take advantage of risk management advice and facilitation, GAG pooling, financial reporting to governors tailored to the committees’ needs as well as attendance at governing body and committee meetings.

Our consultancy service for academies includes:

Academy set up and conversion

  • Advice to governing bodies, head teachers and school finance staff on the financial management implications of academy conversion
  • Standardised set of accounting policies
  • New academy banking arrangements set up support
  • Procurement advice re: suitable finance software
  • Chart of accounts/coding structure setup
  • Provision of an academies training programme for governors, leadership and school finance staff
  • Close-down of school finance system post conversion
Strategic financial planning
  • Provision of bespoke budget planning and monitoring software
  • Annual budget setting
  • Costing of the School Improvement Plan
  • Curriculum costing
  • Funding forecast and monitoring
  • Budget forecasting and monitoring
  • Development of 3-year financial plan and deficit recovery if required
  • ‘What if’ scenario planning
  • Cash flow monitoring and management
  • Business planning advice
  • Advice on accounting treatment of trading activities
Financial systems & accounting
  • Fully trained consultants to provide full on and off-site support
  • Set up of robust office financial administration systems and sound internal controls
  • Review of existing accounting policies and procedures
  • Support and preparation of bank, payroll and control account reconciliations
  • Completion of VAT claims and VAT advice
  • Advice regarding the treatment of revenue and capital expenditure
  • Preparation of monthly management reports
  • Bespoke reports to enable the close monitoring of academy activities (e.g.in-house catering etc.)
  • Set up and maintenance of fixed asset register including depreciation
  • Support regarding the completion of statutory returns
  • Interim and pre-audit support including accruals/prepayments and year end reserve provisions
  • Provision and liaison with external auditors
  • Year-end financial system closedown
  • Advice on the set up and role of an audit committee

Financial governance & audits

  • Review of financial administration and control policies ensuring you meet every internal and external review requirement
  • Procurement advice and support
  • Risk management advice and facilitation
  • Financial reporting to governors tailored to the committees' needs
  • Attendance at governing body and committee meetings
  • Internal benchmarking review and analysis
  • Support and advice on completion of academies Financial Management and Governance Evaluation (FMGE)
  • Quarterly / termly internal audit function, including a written report to the governing body
  • Submit statutory returns to Central Government and also liaise with external providers including audit and payroll functions

Business continuity

  • Free remote access software to avoid additional call out visits
  • Provision of an academy bursar/finance service as a long term arrangement to reduce financial management costs
  • Short-term incapacity cover in the event of absence including sickness
  • Flexible telephone and email support service – including evenings and weekends

Telephone and Email Support

Our annual finance telephone and email support service is available 8am-8pm 7 days per week. This includes remote support, allowing us to give over the phone, on-screen training and support for any accounting or finance system queries. We support all financial management software. 

Get in touch to find out how SAAF Education's consultants can help you streamline your academy, MAT or free school financial management, ensure you're fully compliant and accountable and that your delegated funds are used as efficiently as possible.

Fill out the following form and one of our consultants will contact you to discuss your requirements. 

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