Exceed the statutory reporting requirements for maintained schools
With our strategic and operational support, not only will you obtain value for money by engaging services with a competitively priced, non-local authority provider, you’ll also go way beyond your statutory reporting requirements. This means you’ll receive a service that’s tailored specifically to your school’s needs. What’s more, you’ll benefit from our consultants’ extensive experience within this complex and specialised area.
Our school finance consultancy service includes:
- Strategic financial planning
- Provision of bespoke budget planning and monitoring software
- Annual budget setting
- Costing of the School Improvement Plan
- Curriculum costing
- Budget reforecast and out-turn reporting
- Development of three-year financial plan and deficit recovery
- ‘What if’ scenario planning
- Cash flow monitoring and management
- Financial systems & accounting
- Fully trained consultants to provide on and off-site support
- Set up of robust office financial administration systems
- Support and preparation of monthly bank reconciliation
- Completion of VAT returns and VAT advice
- Advice regarding the treatment of revenue and capital expenditure
- Monthly/termly budget monitoring reports prepared for the head teacher and budget holders, including submission to the local authority
- Bespoke reports to enable the close monitoring of school activities (e.g. in-house catering provision, breakfast clubs, Universal Infant Free School Meals (UIFSM) monitoring)
- Year-end closedown reconciliation including accruals/prepayments and carry forward calculation
- Final closedown and new year system set-up including a review of the accounting structure
- Maintenance of the school inventory
- Financial governance & audits
- Review of financial administration and control policies
- 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 and external benchmarking review and analysis
- Schools Financial Value Standard (SFVS) review and completion support
- Annual review of existing internal financial controls and recommendations for enhancements
- Submit statutory returns to the Local Authority and 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 a school bursar/finance service as a long term arrangement to reduce financial management costs
- Short term incapacity cover in the event of absence including sickness and recruitment
- Flexible telephone and email support service – including evening and weekends
SAAF Education also offers finance training >
Learn more about the SAAF Budget Planner for schools >
