UHY Hacker Young provides a variety of services to support academy schools including audit and assurance, accounts preparation, payroll services, and support for finance teams. They aim to offer a personal touch and have received positive recommendations from satisfied clients such as Dane Court Grammar School who said UHY have a helpful manner. The document provides details on the various services offered and contact information for the UHY academy schools team.
A presentation on how Skills for Care can support the sector given by Claire Smout from Skills for Care Locality Manager for Birmingham, Shropshire, Solihull and Telford & Wrekin
It outline who they are and what they do with a section on funding for the sector.
A presentation on how Skills for Care can support the sector given by Claire Smout from Skills for Care Locality Manager for Birmingham, Shropshire, Solihull and Telford & Wrekin
It outline who they are and what they do with a section on funding for the sector.
The Community Chest School of Excellence in Fundraising will be the first accredited service provider for fundraising training in South Africa. It aims to provide professional fundraising skills, especially to youth and women previously excluded, to address the identified scarce fundraising skill in the nonprofit sector. The Community Chest's 82 years of fundraising experience and affiliation with United Way Worldwide, along with relationships with beneficiary members, will provide assets for learners to gain practical experience. The school will be funded through the National Skills Fund, individual student fees, discounted training, copyright revenues, and generating an income stream for Community Chest.
A combined presentation from Safaraz Ali and the Team at Skills for Care to focus of the day being to
• Gain and share valuable knowledge and experiences
• Opportunity to showcase yourself, your organisation and projects
• Network and meet with other peers in your sector industry
Claire Smout from Skills for Care introduced three topics: the National Minimum Data Set (NMDS-SC), Recruiting and Retaining Staff, and Learning and Development/Apprenticeships. Regarding the NMDS-SC, she explained that it is a database for social care employers to record workforce information and access dashboards to aid workforce planning. She then discussed the Workforce Development Fund, which employers can apply to in order to claim back contributions of up to £15 per credit for units or qualifications completed by their staff. Finally, she provided examples of qualification costs that could be claimed and explained the application process.
LSE Enterprise had another profitable year conducting over 150 projects that applied LSE's social science expertise to commercial and public sector challenges. Key activities included:
- Customised executive education programs for the Vietnamese government funded by UNDP and a German multinational corporation.
- Providing economic training to over 1,000 British diplomats since 2003.
- Consulting projects including assessing models for an EU-wide student loan facility, making the case for investing in London affordable housing, quantifying the economic impact of cycling in the UK, and helping UK businesses manage energy risks.
- Turnover was £5.6 million, down from the prior year due to reduced public sector spending. Profits of £445
This slide is about the success factors about Veto School. Our school having both Primary and Senior Secondary educations located in Trivandrum, Kerala.
mail: aneesh100793@gmail.com
Website: veto.ctoaction.in
Laurier Economics Club Sponsorship PackageAarish Shah
The Laurier Economics Club is seeking sponsorships from companies to support their programming for the 2014-2015 academic year. Their events include a speaker series, tutoring sessions, quiz bowls, and an annual conference. They have over 200 members and aim to connect students, alumni and sponsoring organizations. Sponsorship levels range from $500 to $2,000 and provide branding opportunities through social media, events, and campus marketing. The club director believes the activities will enhance students' economics education and career opportunities. The sponsorship form requests company information and sponsorship level.
A presentation on how Skills for Care can support the sector given by Claire Smout from Skills for Care Locality Manager for Birmingham, Shropshire, Solihull and Telford & Wrekin
It outline who they are and what they do with a section on funding for the sector.
A presentation on how Skills for Care can support the sector given by Claire Smout from Skills for Care Locality Manager for Birmingham, Shropshire, Solihull and Telford & Wrekin
It outline who they are and what they do with a section on funding for the sector.
The Community Chest School of Excellence in Fundraising will be the first accredited service provider for fundraising training in South Africa. It aims to provide professional fundraising skills, especially to youth and women previously excluded, to address the identified scarce fundraising skill in the nonprofit sector. The Community Chest's 82 years of fundraising experience and affiliation with United Way Worldwide, along with relationships with beneficiary members, will provide assets for learners to gain practical experience. The school will be funded through the National Skills Fund, individual student fees, discounted training, copyright revenues, and generating an income stream for Community Chest.
A combined presentation from Safaraz Ali and the Team at Skills for Care to focus of the day being to
• Gain and share valuable knowledge and experiences
• Opportunity to showcase yourself, your organisation and projects
• Network and meet with other peers in your sector industry
Claire Smout from Skills for Care introduced three topics: the National Minimum Data Set (NMDS-SC), Recruiting and Retaining Staff, and Learning and Development/Apprenticeships. Regarding the NMDS-SC, she explained that it is a database for social care employers to record workforce information and access dashboards to aid workforce planning. She then discussed the Workforce Development Fund, which employers can apply to in order to claim back contributions of up to £15 per credit for units or qualifications completed by their staff. Finally, she provided examples of qualification costs that could be claimed and explained the application process.
LSE Enterprise had another profitable year conducting over 150 projects that applied LSE's social science expertise to commercial and public sector challenges. Key activities included:
- Customised executive education programs for the Vietnamese government funded by UNDP and a German multinational corporation.
- Providing economic training to over 1,000 British diplomats since 2003.
- Consulting projects including assessing models for an EU-wide student loan facility, making the case for investing in London affordable housing, quantifying the economic impact of cycling in the UK, and helping UK businesses manage energy risks.
- Turnover was £5.6 million, down from the prior year due to reduced public sector spending. Profits of £445
This slide is about the success factors about Veto School. Our school having both Primary and Senior Secondary educations located in Trivandrum, Kerala.
mail: aneesh100793@gmail.com
Website: veto.ctoaction.in
Laurier Economics Club Sponsorship PackageAarish Shah
The Laurier Economics Club is seeking sponsorships from companies to support their programming for the 2014-2015 academic year. Their events include a speaker series, tutoring sessions, quiz bowls, and an annual conference. They have over 200 members and aim to connect students, alumni and sponsoring organizations. Sponsorship levels range from $500 to $2,000 and provide branding opportunities through social media, events, and campus marketing. The club director believes the activities will enhance students' economics education and career opportunities. The sponsorship form requests company information and sponsorship level.
This document provides information about the MSc in Compliance program offered jointly by the Institute of Banking (IOB) and the Association of Compliance Officers in Ireland (ACOI). The one-year, part-time program is aimed at compliance professionals and provides 8 modules covering topics like ethics, financial crime prevention, and data protection. Successful graduates will qualify for the FCOI designation from ACOI. The program is delivered through UCD and involves lectures, case studies, and a final compliance project. Testimonials highlight the relevance of the curriculum and benefits of the network for professionals.
This document summarizes initiatives by the SEC Thailand to promote access to capital markets. It discusses financial literacy programs targeting investors and issuers. For investors, it describes campaigns through various media to provide basic financial education. For potential small companies, it outlines the IPOP and SME bond programs that provide training and privileges to encourage public listings and bond issuances as ways for companies to raise funds. The SEC aims to strengthen both the supply of and demand for investment opportunities through these outreach and development programs.
Medhabikash provides scholarships to 400-500 disadvantaged but high-achieving secondary school students in Bangladesh each year to enable them to complete post-secondary education. On average, Medhabikash graduates earn over 3 times more than their parents and 7 times the annual cost of their scholarship. The program transforms lives by empowering talented youth and generating higher incomes, productivity, and social benefits.
Trust schools are a type of maintained foundation school in England supported by a charitable trust. The aim is to use partnerships with external organizations like businesses and charities to help raise school standards. Schools can choose different trust models, such as partnering with specific external groups or forming collaborative trusts between multiple schools. Benefits may include help with strategies like vocational education, extended school services, and community projects. Schools maintain autonomy while trusts provide expertise and resources from partners.
The Apprenticeship Levy is something that is going to affect businesses of all sizes in a big way. Here's a slideshow from ILM with the latest news about the impending apprenticeship reforms.
Funding for Apprenticeships – changes planned for the future as at February 2016
Comparison of Framework and Standards Funding and Apprenticeship Levy - Issues
The document discusses the Chartered Wealth Manager (CWM) training program offered by the American Academy of Financial Management (AAFM) from January 29th to February 1st, 2013 in Manila, Philippines. The 3-day program is designed to enhance the skills and qualifications of banking, insurance, and financial professionals with at least 3 years of industry experience. It focuses on developing relationships with high-net-worth individuals, sales, wealth advisory, and core financial planning skills. The goal is to equip wealth managers with global best practices and the ability to leverage specialist platforms, technology, and products to manage client relationships and wealth.
The document discusses 401 Harmony, a startup that aims to provide retirement planning services to participants in 401k plans who are currently neglected by traditional advisors and robo-advisors. 401 Harmony's service provides customized retirement advice and asset allocation recommendations to individual 401k plan participants. It analyzes factors like risk tolerance, return requirements, and contribution amounts to develop a personalized plan. The service is intended to be offered to employees through their employers and aims to help more workers plan for retirement in an affordable way.
Attitude of accounting undergraduates towards pursuing postgraduate studies i...Aileru Adebola Oluwatobi
Accounting is a dynamic field that offers various career opportunities in areas like financial accounting, taxation, and management consulting. It is an adaptable field composed of different components. The profession involves specialized learning and carries social prestige. Accounting graduates can pursue careers as auditors or financial analysts after obtaining certification from professional bodies. While accounting degrees provide a business foundation, many students prefer other majors like business administration that broader knowledge of practical corporate governance issues. Universities need to modify accounting curricula to address the changing business environment and equip students with the necessary skills for the modern workplace.
The free university executive summary slides v6.4Colin Regnier
The document proposes a free online university called The Free University (TFU) that would provide free college education to all Americans funded through online advertising. TFU would offer courses designed by top American professors available anytime online for free. It would become self-sustaining through ad revenue on its online platform. The implementation plan outlines developing an online portal and pilot course in Year 1, expanding course offerings and going nationwide in Year 2, and pursuing accreditation in Year 3. Up to $15 million in funding is requested over 5 years to cover expenses until ad revenue offsets costs.
CareerSource Florida President and CEO Chris Hart IV's presentation to the Florida Senate Transportation, Tourism and Economic Development Appropriations Subcommittee.
This document summarizes the results of a survey about the use of search engines for academic purposes. The survey found that 73% of respondents use search engines always for academics, and that 50-75% of total browsing time is spent using search engines for course learning, solving problems, and finding additional resources. Most respondents rated their overall search engine experience for academics between 7-8 out of 10. While 43% of respondents only check the first page of search results, 70% agreed or strongly agreed that search engines are more helpful than books for finding academic resources.
As media thriller ‘oblivious’ evaluationAshleyb123
The document provides an evaluation of a media thriller titled "Oblivious" from the perspective of one of the creators, Ashley Banger. Some key points:
- The technical aspects like cinematography, lighting, editing and framing were well-done and helped the video look more professional. Attention to these details improved across drafts.
- The lighting achieved the desired "darker, more mysterious tone" for the thriller genre.
- Framing shots better to ensure the audience can see what is happening helped improve certain shots.
- The theme of terrorism and radicalization challenges conventions by focusing on less common thriller topics but could still resonate with current events.
-
The document is UHY's 2016 academies benchmarking report which analyzes data from 150 UK academies. It finds that on average, staff costs represent 72% of total costs for primary academies and 71% for secondary academies. It also notes that 8 academies had staff costs over 80% of total costs. The report discusses trends in teaching staff to pupil ratios and supply staff costs. It analyzes compensation and severance payments made by academies when reducing staff, finding that most payments were under £40,000 but a few academies made payments over £100,000. The report will include more data on senior management salaries in next year's edition to analyze those disclosures.
The document discusses multi-academy trusts (MATs), which are groups of schools that collaborate under a single organization. Some key points:
- MATs allow schools to achieve economies of scale through shared services like finance, administration, and purchasing. They also enable sharing of best practices and teacher specialization across schools.
- The preferred model of the Department for Education is for schools to join MATs. By 2020, all schools are expected to become academies, either by joining existing MATs or forming new ones.
- A typical MAT structure has a board of trustees at the top governing the trust, with local governing bodies (LGBs) at each school delegated certain responsibilities from the trustees.
Printed circuit board design for ChicagoMurphy Dawood
A Printed circuit board can be defined as a platform where different type of electronic components is fixed together in orders to make the particular device functionality. While making these boards.
Address : www.synergisepcb.com
Synergise PCB Inc
Chicago, IL, USA
Tel # (1) 847-219-6294
Printed circuit boards Prototype in USAMurphy Dawood
This document is a company profile for Synergise PCB Inc, which specializes in printed circuit boards (PCBs) with up to 70 layers, flexible PCBs, and printed circuit board assemblies (PCBAs). The company was established in 2002 and manufactures PCBs using various materials and processes. It offers prototype and production services with a quality testing process and capabilities such as multi-layer boards up to 32 layers and minimum features down to 3 mil.
The document discusses the risks of fraud in the charity sector, noting that charities can be targets for fraudsters who perceive there is less control than in commercial organizations. It emphasizes that trustees must remain aware of fraud risks, apply skepticism, and ensure adequate anti-fraud policies are in place to protect the charity, even if they believe their financial controls are strong. Charity trustees are advised to implement preventative measures and policies to reduce fraud risks.
My family is very important to me. We have a close bond and enjoy spending time together, whether it's holidays, weekends at the park, or family game nights. They bring me great joy and I cherish the memories we make.
This document provides information about the MSc in Compliance program offered jointly by the Institute of Banking (IOB) and the Association of Compliance Officers in Ireland (ACOI). The one-year, part-time program is aimed at compliance professionals and provides 8 modules covering topics like ethics, financial crime prevention, and data protection. Successful graduates will qualify for the FCOI designation from ACOI. The program is delivered through UCD and involves lectures, case studies, and a final compliance project. Testimonials highlight the relevance of the curriculum and benefits of the network for professionals.
This document summarizes initiatives by the SEC Thailand to promote access to capital markets. It discusses financial literacy programs targeting investors and issuers. For investors, it describes campaigns through various media to provide basic financial education. For potential small companies, it outlines the IPOP and SME bond programs that provide training and privileges to encourage public listings and bond issuances as ways for companies to raise funds. The SEC aims to strengthen both the supply of and demand for investment opportunities through these outreach and development programs.
Medhabikash provides scholarships to 400-500 disadvantaged but high-achieving secondary school students in Bangladesh each year to enable them to complete post-secondary education. On average, Medhabikash graduates earn over 3 times more than their parents and 7 times the annual cost of their scholarship. The program transforms lives by empowering talented youth and generating higher incomes, productivity, and social benefits.
Trust schools are a type of maintained foundation school in England supported by a charitable trust. The aim is to use partnerships with external organizations like businesses and charities to help raise school standards. Schools can choose different trust models, such as partnering with specific external groups or forming collaborative trusts between multiple schools. Benefits may include help with strategies like vocational education, extended school services, and community projects. Schools maintain autonomy while trusts provide expertise and resources from partners.
The Apprenticeship Levy is something that is going to affect businesses of all sizes in a big way. Here's a slideshow from ILM with the latest news about the impending apprenticeship reforms.
Funding for Apprenticeships – changes planned for the future as at February 2016
Comparison of Framework and Standards Funding and Apprenticeship Levy - Issues
The document discusses the Chartered Wealth Manager (CWM) training program offered by the American Academy of Financial Management (AAFM) from January 29th to February 1st, 2013 in Manila, Philippines. The 3-day program is designed to enhance the skills and qualifications of banking, insurance, and financial professionals with at least 3 years of industry experience. It focuses on developing relationships with high-net-worth individuals, sales, wealth advisory, and core financial planning skills. The goal is to equip wealth managers with global best practices and the ability to leverage specialist platforms, technology, and products to manage client relationships and wealth.
The document discusses 401 Harmony, a startup that aims to provide retirement planning services to participants in 401k plans who are currently neglected by traditional advisors and robo-advisors. 401 Harmony's service provides customized retirement advice and asset allocation recommendations to individual 401k plan participants. It analyzes factors like risk tolerance, return requirements, and contribution amounts to develop a personalized plan. The service is intended to be offered to employees through their employers and aims to help more workers plan for retirement in an affordable way.
Attitude of accounting undergraduates towards pursuing postgraduate studies i...Aileru Adebola Oluwatobi
Accounting is a dynamic field that offers various career opportunities in areas like financial accounting, taxation, and management consulting. It is an adaptable field composed of different components. The profession involves specialized learning and carries social prestige. Accounting graduates can pursue careers as auditors or financial analysts after obtaining certification from professional bodies. While accounting degrees provide a business foundation, many students prefer other majors like business administration that broader knowledge of practical corporate governance issues. Universities need to modify accounting curricula to address the changing business environment and equip students with the necessary skills for the modern workplace.
The free university executive summary slides v6.4Colin Regnier
The document proposes a free online university called The Free University (TFU) that would provide free college education to all Americans funded through online advertising. TFU would offer courses designed by top American professors available anytime online for free. It would become self-sustaining through ad revenue on its online platform. The implementation plan outlines developing an online portal and pilot course in Year 1, expanding course offerings and going nationwide in Year 2, and pursuing accreditation in Year 3. Up to $15 million in funding is requested over 5 years to cover expenses until ad revenue offsets costs.
CareerSource Florida President and CEO Chris Hart IV's presentation to the Florida Senate Transportation, Tourism and Economic Development Appropriations Subcommittee.
This document summarizes the results of a survey about the use of search engines for academic purposes. The survey found that 73% of respondents use search engines always for academics, and that 50-75% of total browsing time is spent using search engines for course learning, solving problems, and finding additional resources. Most respondents rated their overall search engine experience for academics between 7-8 out of 10. While 43% of respondents only check the first page of search results, 70% agreed or strongly agreed that search engines are more helpful than books for finding academic resources.
As media thriller ‘oblivious’ evaluationAshleyb123
The document provides an evaluation of a media thriller titled "Oblivious" from the perspective of one of the creators, Ashley Banger. Some key points:
- The technical aspects like cinematography, lighting, editing and framing were well-done and helped the video look more professional. Attention to these details improved across drafts.
- The lighting achieved the desired "darker, more mysterious tone" for the thriller genre.
- Framing shots better to ensure the audience can see what is happening helped improve certain shots.
- The theme of terrorism and radicalization challenges conventions by focusing on less common thriller topics but could still resonate with current events.
-
The document is UHY's 2016 academies benchmarking report which analyzes data from 150 UK academies. It finds that on average, staff costs represent 72% of total costs for primary academies and 71% for secondary academies. It also notes that 8 academies had staff costs over 80% of total costs. The report discusses trends in teaching staff to pupil ratios and supply staff costs. It analyzes compensation and severance payments made by academies when reducing staff, finding that most payments were under £40,000 but a few academies made payments over £100,000. The report will include more data on senior management salaries in next year's edition to analyze those disclosures.
The document discusses multi-academy trusts (MATs), which are groups of schools that collaborate under a single organization. Some key points:
- MATs allow schools to achieve economies of scale through shared services like finance, administration, and purchasing. They also enable sharing of best practices and teacher specialization across schools.
- The preferred model of the Department for Education is for schools to join MATs. By 2020, all schools are expected to become academies, either by joining existing MATs or forming new ones.
- A typical MAT structure has a board of trustees at the top governing the trust, with local governing bodies (LGBs) at each school delegated certain responsibilities from the trustees.
Printed circuit board design for ChicagoMurphy Dawood
A Printed circuit board can be defined as a platform where different type of electronic components is fixed together in orders to make the particular device functionality. While making these boards.
Address : www.synergisepcb.com
Synergise PCB Inc
Chicago, IL, USA
Tel # (1) 847-219-6294
Printed circuit boards Prototype in USAMurphy Dawood
This document is a company profile for Synergise PCB Inc, which specializes in printed circuit boards (PCBs) with up to 70 layers, flexible PCBs, and printed circuit board assemblies (PCBAs). The company was established in 2002 and manufactures PCBs using various materials and processes. It offers prototype and production services with a quality testing process and capabilities such as multi-layer boards up to 32 layers and minimum features down to 3 mil.
The document discusses the risks of fraud in the charity sector, noting that charities can be targets for fraudsters who perceive there is less control than in commercial organizations. It emphasizes that trustees must remain aware of fraud risks, apply skepticism, and ensure adequate anti-fraud policies are in place to protect the charity, even if they believe their financial controls are strong. Charity trustees are advised to implement preventative measures and policies to reduce fraud risks.
My family is very important to me. We have a close bond and enjoy spending time together, whether it's holidays, weekends at the park, or family game nights. They bring me great joy and I cherish the memories we make.
This document contains a list of 6 photo credits attributed to various photographers. It concludes by encouraging the reader to create their own presentation on SlideShare using Haiku Deck.
This document is a Haiku Deck presentation that contains 6 photos from various photographers on SlideShare. It encourages the viewer to get inspired by the photos and create their own Haiku Deck presentation to share on SlideShare.
Alexia McCabe is pursuing degrees in Socio-Cultural Anthropology, Folklore and Ethnomusicology, and English at Indiana University. She has worked as a Circulation Assistant at the Herman B. Wells Library for over 4 years, checking out books, shelving, and answering questions. Previously, she held customer service roles at Lowes and as a Shift Manager at Wendy's, where she oversaw operations and ensured customer satisfaction. Her skills include Microsoft Office, Google Apps, and library management software. She is involved with the Anthropology Club and teaches undergraduate courses as a teaching assistant.
This brochure highlights the services that we can offer to schools/academies. We specialise in providing a comprehensive range of recruitment solutions and support services to the education sector.
Tips 2 grow your business by Pathway,How to Find Great Staff for GrowthThe Pathway Group
Finding funding for staff training, How to Find Great Staff for Growth,
To save your business from making bad hiring decisions Pathway2Grow has devised some useful
tips to help you think out-of-the-box and attract quality staff to help your business grow in an
otherwise stagnant economy.
In the Guide you will find information about organisations offering
accounting positions to students and who are accredited to train and
employ Chartered Accountants.
In this webinar, Hayley and Katie explored re-brokerage arrangements including the Regional School Commissioners’ legal powers and the circumstances in which an academy may be at risk of being re-brokered, as well as the potential consequences of refusing to consent to such an arrangement. They also look at this topic from the perspective of a trust being asked to accept a re-brokered academy and give an overview of the legal process that this entails.
This document provides information about training programs delivered by Doran Scott Williams (DSW) to help financial professionals understand the recent changes to UK pension laws introduced in 2015. It summarizes DSW's qualifications and experience in developing pensions training. It then outlines several training programs DSW offers on pension freedoms, including webinars, workshops, and certification courses. It describes the goals and content of the programs to enhance understanding of the legislative changes and their practical application when advising clients. The document emphasizes that DSW's programs help financial professionals confidently assist their clients and meet regulatory obligations through ongoing professional development.
1. Consider a consistent approach to delegation between LGBs/academy councils to ensure clarity and alignment across the trust.
2. Restricting sub-committees and using shared committees where possible can reduce workload and encourage collaboration.
3. Having common clerking and meeting processes makes governance more efficient and supports joined-up working at both trust and academy levels.
The changing landscape for funding apprenticeships and training naidexThe Pathway Group
The changing landscape for funding apprenticeships and training with a focus on the Health and Social Care Sector originally presented at the Naidex Conference between the 28th – 30th of March 2017. It discusses the changes to apprenticeships including end point assessments and the areas of apprenticeship growth. It goes on to displace to common Myths and goes on to look at the customer suppler relationship.
The changing landscape for funding apprenticeships and training naidexThe Pathway Group
The changing landscape for funding apprenticeships and training with a focus on the Health and Social Care Sector originally presented at the Naidex Conference between the 28th – 30th of March 2017. It discusses the changes to apprenticeships including end point assessments and the areas of apprenticeship growth. It goes on to displace to common Myths and goes on to look at the customer suppler relationship.
The Changing Landscape for Funding Apprenticeships & TrainingThe Pathway Group
An insight into the changing landscape of funding within apprenticeships and training; this presentation focuses on the HEALTH & SOCIAL CARE SECTOR, in particular.
The Changing Landscape for Funding Apprenticeships & TrainingThe Pathway Group
This presentation primarily focuses on the Health and Social Care sector.
Information about the apprenticeship reform; including the apprenticeship levy, new apprenticeship standards, and end point assessments.
The document provides information about Benchmark College, including its history, qualifications offered, delivery methods, policies and procedures. It summarizes Benchmark's philosophy of putting students at the center of its service and commitment to lifelong learning and pathways for growth. It outlines over 20 nationally recognized qualifications available across various industries such as business, early childhood education, aged care, retail and warehousing. The document provides details on the application and enrolment process as well as available delivery methods including traineeships, classroom training and recognition of prior learning.
"First, pay up. If you are a single-site, independent charter school, your business manager should be the second highest paid employee after the principal, although their salaries also can be on par with each other. Business managers may report to the principal but should have access to the board. Ideally, they should meet monthly with the board chair or treasurer and present at board meetings."
This document provides information about a job opening for a Deputy Director - Finance Controller position within the Department for Education in the UK. The role involves leading the design and delivery of the overall financial risk and control environment for the department and its agencies. Key responsibilities include financial reporting and accounting, ensuring compliance, and producing the department's annual report and accounts. The successful candidate will have strong leadership skills, expertise in central government financial policy, and experience developing financial strategies. The full-time position is located in Sheffield or Manchester and offers a salary between £75,000-£95,000.
1. College Plan Dude promises to develop a customized student profile report of 70-90 pages with information about eligibility for financial aid, colleges, exams, and courses.
2. They will analyze ability to qualify for college funding by computing the expected family contribution and filing the FAFSA and CSS Profile forms for a fee.
3. Additional promises include providing a customized college search, access to a negotiations team to obtain more financial aid, SAT/ACT practice materials, an online career planning system, information about student loans, and customer service support.
Southwest Credit Systems is a national accounts receivable management company founded in 1974. It operates out of one collection center in Carrollton, Texas and aims to open an additional site. It services various industries including telecommunications, financial services, education, government, and utilities. Southwest Credit utilizes a customized collection strategy for each client incorporating scoring, analytics, and skilled collectors. It aims to maximize recoveries while maintaining high standards for regulatory compliance, security, customer service and performance.
Southwest Credit Systems is a national accounts receivable management company founded in 1974. It operates out of one collection center in Carrollton, Texas and aims to open an additional site. It services various industries including telecommunications, financial services, education, government, and utilities. Southwest Credit utilizes a customized collection strategy for each client incorporating scoring, analytics, and skilled collectors. It aims to maximize recoveries while maintaining high quality customer service and regulatory compliance.
The document discusses vocational training modules (FCT) that take place in real work environments. The objectives are to complement skills acquired in school through hands-on experience, introduce students to business organizations so they can learn practical skills for their professional profiles, and assess students' professional competencies. FCT requires collaboration between schools and businesses, with agreements signed appointing tutors and outlining training programs and activities for students. Implementation involves students developing agreed training activities while being monitored by school and company tutors.
AELP Code of Governance for Independent Training Providers (Sep 2018)The Pathway Group
Independent Training Providers (ITPs) provide excellent learning and training experience for learners and apprentices and are a key element of the skills delivery system of this country. They are entrusted with billions of pounds of public funds annually to provide quality services and experiences to students and apprentices. Collectively ITPs deliver most of the UK apprenticeship programme and any individual provider failure damages reputation and trust in the whole programme. Therefore, it is important that we demonstrate the highest standards of governance.
The Portage County Educational Service Center is facing decreased funding and increased competition. To remain viable, it must expand its customer base beyond local schools to include businesses, governments, and non-profits. It will rebrand itself as Innovative Solutions Ohio to better market these expanded services and attract new customers outside of Portage County. The new brand aims to position the organization as dynamic and customer-focused while maintaining its commitment to local schools.
How To Manage Finances & Funding for Educational InstitutionsProcurify.com
Every organization and every person has a spend culture.
Spend culture is a set of shared beliefs and practices that informs a person how, why and when money should be spent.
Whether planned or random, all organizations have a spend culture.
Culture is fluid. It evolves with time and with each additional person. Understanding your spend culture and how it affects the people who work in your organization will influence how much value you get out of your spending.
Find out what your Spend Culture is: https://spendculture.procurify.com/
2. Our services include:
• Transition support and advice
• Audit and assurance
• Accounts preparation
• Academies accounts return
• Teachers’ Pension Scheme EOYC
• Payroll
Other specialist services include:
• VAT and tax advice
• Internal audit/Responsible Office assistance
• Company secretarial
• Financial compliance
• Support for your finance team
• Fundraising strategies
www.uhy-uk.com/academy-schools
UHY have a client friendly and helpful manner,
and offer a personal touch with their service.
We have and are happy to recommend UHY to
other academies.
Anne Syred,
Dane Court Grammar School
3. CONTENTS
Transition to academy school status 1
Considering the right structure for your school 3
Multi-academy trusts 5
Audit and assurance 7
Specialist academy school services 9
Payroll services 11
Governance services 13
Academy schools and VAT - FAQs 15
What our clients say... 17
UHY academy schools team contact details 19
4. Transition to
academy school
status
Academy schools
Takeadvantage
ofthefreedom
ofcontrolby
becomingan
academy.
WHY MOVE TO ACADEMY
STATUS?
The transition to academy school status is
generally made by schools looking to benefit
from the academies’ relative freedom of
control. The key advantages of making the
transition include:
• freedom from local authority control;
• the ability to set your own pay and
conditions for staff;
• freedom from following the National
Curriculum; and
• the ability to change the lengths of terms
and school days.
HOW CAN WE HELP WITH YOUR
SCHOOL’S TRANSITION?
To assist your school in taking on the
increased freedom and responsibility that
comes with becoming an academy we are
able to:
• undertake a due diligence review of
the financial, governance and funding
implications of conversion for your school;
• identify alternative methods of financial
support if your school has a funding deficit;
• provide guidance on the obligations
associated with the Teachers Pension
Scheme and Local Government Pension
Scheme.
AUDITING ACADEMY SCHOOLS
As an academy you are required to prepare
financial statements to 31 August each year
and to have these statements independently
audited. We can assist you with this process,
ensuring that your audit report is filed
with the Education Funding Agency by the
required deadline of 31 December. We are
able to assist you with a full range of audit
and assurance matters drawn from our
wealth of experience across the schools,
charities and public sectors.
ANNUAL ACCOUNTS
PREPARATION
Preparing the annual accounts to meet
regulatory and statutory requirements is
complex and time consuming. We have
extensive experience of this process and
so are able to produce your academy’s
annual accounts to a high standard in a cost
effective manner.
1
5. Our service includes:
• preparing accounts from your academy’s
year end trial balance;
• assisting your governors with completion of
the Trustees Annual Report;
• ensuring the accounts fully comply with
your academy’s Financial Handbook and
Annual Accounts Direction,
including the latest updates;
• providing an assurance opinion on the
• Academy Return spreadsheet; and
• dealing with all aspects of accounts
submission to the Education Funding
Agency and Companies House.
SUPPORTING YOUR FINANCE
FUNCTION
We can provide support for your finance
personnel across a range of activities
including handling agency staff, software
advice or simple completion of monthly
monitoring returns. Our services include:
• payroll bureau and bookkeeping services;
• assistance with your Finance Manual
including risk analysis and internal controls;
• assistance with budget setting;
• preparation of monthly management
accounts;
• monthly maintenance of budgets and
reporting to governors;
• transaction processing;
• grant applications;
• completion of Teachers Pension Scheme
End of Year Certificate (EOYC) and Local
Government Pension Scheme return;
• interim financial management services
(staff sickness, annual leave, etc);
• Internal audit appointments and systems
monitoring visits to assess the application
of financial controls through the year; and
• assistance to Responsible Officers (RO).
FINANCIAL COMPLIANCE
Governance is a key component of running
a successful academy. The main areas that
we can assist you with are:
• establishing key financial policies and
procedures including risk management and
internal controls;
• providing information for the Local
Government Pension Scheme and FRS17
reporting requirements;
• providing guidance with training governors
in their responsibilities as company
directors and charity trustees;
• company secretarial obligations; and
• setting up your accounting system.
THE NEXT STEP
For further information on the transition
to academy school status or to arrange
a meeting to discuss your specific
requirements, please contact one of our
specialist partners listed at the back.
We can
support your
finance function
in all its
activities.
2
6. Academy schools
Considering the right
structure for your
school
Helpingyouto
choosetheright
structurefor
yourschool.
When considering conversion to
academy status it is important to choose
a structure that allows your school a
suitable level of autonomy combined
with the provision and structure that
best supports the educational needs of
your school.
STAND-ALONE ACADEMY TRUST
Stand-alone academies are currently the
most popular academy structure. This
structure allows your school to be governed
by its own established academy trust,
benefitting from independence from local
authority control, and with the freedom to
decide on staff policy, the curriculum and
length of the school day and terms. The
academy trust is normally comprised of the
same individuals who were governors of
the school’s governing body. Stand-alone
academy trusts have additional reporting
responsibilities and the academy must enter
into a funding agreement with the Secretary
of State for Education.
MULTI-ACADEMY TRUST
A multi-academy (MAT) trust is a single
entity established to undertake a strategic
collaboration to improve and maintain high
educational standards across a number of
schools. A group of schools form a single
MAT which has overarching
responsibility for their governance. The
MAT is accountable for the performance of
each of the schools in the group, although
each can still have their own governing
body which operates subject to delegation
of power from the MAT. A master funding
agreement with the MAT, and supplemental
funding agreements with each individual
school, is signed by the Secretary of State for
Education. In a MAT all staff are employed
by one employer and the trust can share the
additional reporting responsibilities required
of an academy, as well as often being better
placed to negotiate services or contracts due
to their size and economies of scale.
UMBRELLA TRUST
An umbrella trust is mainly used by schools
that share a common goal or philosophy but
do not wish to share direct management.
In an umbrella trust each school converts
as a separate academy trust with its own
governors and funding agreement with the
Secretary of State for Education. Formed by
key people at each school, these employees
are able to choose the extent of control
that is exercised over the trusts within the
umbrella. Umbrella trusts can benefit from
economies of scale in terms of the joint
procurement of services and contracts and
also joint governance.
3
7. COLLABORATIVE PARTNERSHIP
Schools forming a collaborative partnership
are not required to adopt rigorous formal
partnership agreements but, instead, the
head teachers of converting academies
agree to work together in areas where
they see mutual benefits. There are no
shared governance arrangements and each
academy has its own funding agreement
with the Secretary of State for Education.
PRIMARY CHAINS GRANT
This £50,000 grant is available until 31
March 2014 for groups of three or more
schools applying to form a MAT, where
the majority of the schools are primary. To
qualify for this, at least one school in the
chain must be performing well.
Where small schools (with under 210 pupils)
are joining the MAT, an additional small
schools supplement is available. Schools
with under 100 pupils will receive an
additional £5,000 and those with between
100 and 210 pupils will receive £2,000.
THE NEXT STEP
It is important that governing bodies fully
understand the implications of each of the
possible structures so they can make an
informed decision on what is the best option
for their school. UHY Hacker Young work
with all structures of academies, and the
academy experts at our London office would
be pleased to meet with governing bodies at
an early stage to talk through the options.
For each of the structures we can help
you understand the financial implications,
explain how the year end accounts will look,
and advise or train on governance issues to
clarify the responsibilities of the members,
directors, and governors.
For further information about academy
schools structures or to arrange
a meeting to discuss your specific
requirements, please contact one of our
specialist partners listed at the back.
we can help you
understand the
financial
implications and
advise or train on
governance
issues.
4
8. Academy schools
Multi-academy trusts
Advisingand
supporting
MATsacrossthe
UK.
If you are considering conversion
to academy status, or have already
converted but are looking to become
part of a chain of academies, you may
be considering a multi-academy trust
(MAT). We are one of the UK’s leading
audit and accounting firms to the
academy sector and currently advise a
range of primary, secondary and mixed
MAT clients.
WHAT IS A MAT?
A MAT is a single entity established to
undertake a strategic collaboration to
improve and maintain high educational
standards across a number of schools. A
group of schools form a single MAT which
has overarching responsibility for their
governance.
The MAT is accountable for the performance
of each of the schools in the group, although
each can still have their own governing body
which operates subject to delegation of
power from the MAT.
All staff are employed by one employer and
the trust can share the additional reporting
responsibilities required of an academy. You
can also share staff and expertise and benefit
from group purchasing power when buying
goods and services. If you are considering
a new, largely primary school focused MAT
there is also additional funding available,
through the Primary Academy Chain
Development grant. This offers a one-off
grant of £100,000 to chains of three schools
creating a MAT, with supplementary funding
available for each additional school.
SUPPORTING OUR MAT CLIENTS
We have advised many MATs from initial set-
up and ongoing as their auditors. Issues for
consideration, and where we can add value
and support, range from deciding on the
MAT structure and governance through to
evaluating funding options and meeting the
specific MAT reporting requirements.
We have outlined, below, some of the areas
in which we have advised our MAT clients:
Deciding on the committee structure
MATs can adopt various structures. The
Board of Directors, or Trustees, will sit at
the top with ultimate responsibility for
the governance of the trust. Commonly
this board of directors will comprise key
individuals from the larger academies within
the trust, but this does not necessarily
have to be the case. MATs will also usually
establish committees who are charged with
various areas of running of the MAT. We can
advise on the most suitable structure and
committees for your trust.
Accounts preparation
Financial statements are prepared at trust
level, and it is therefore important that
someone within the trust takes responsibility
for overseeing finance at this level. Most
MATs, certainly larger ones, will employ a
Finance Director. This leaves the individual
School Business Managers to concentrate
on day to day matters at their individual
academies.
5
9. We can support the Finance Director with
the preparation of the accounts from trial
balance. The results of the individual
academies will need to be consolidated
together, and any inter-school transactions
eliminated.
Choosing and setting up your financial
software
The complexities of a MAT mean it is vital
that you use appropriate software. We are
able to advise on the options available to
you, and the pros and cons of each one.
It is preferable for each academy within a
MAT to use the same software, and for a
consistent ledger structure to be applied
across the MAT. We can assist you with
setting up your ledger structure, and help
you understand and get the most out of the
available reports. We are also able to provide
assistance with management accounts,
and cash flow forecasting, which are both
important financial management tools for
any academy trust, but especially a MAT.
VAT
Since the VAT registration threshold applies
to the trust, it follows that your MAT may
find itself more likely to need to register
for VAT. Taxable income will need to be
monitored across all the academies within
the trust, most likely by your Finance
Director, but our team of VAT specialists can
provide additional support by way of an
annual VAT review service or ongoing VAT
advice on an ad-hoc basis as issues arise.
External audit
All academy trusts, including MATs, are
required to prepare financial statements
to 31 August each year and the audited
year end accounts need to be submitted
to the Education Funding Agency (EFA)
by 31 December of the same year. As an
experienced firm of auditors, we are able to
provide an effective, timely and economic
service with a ‘hand holding’ approach.
We appoint a dedicated team of academy
auditors who can share the benefit of their
experience to ensure they make the process
as seamless as possible for the MAT team.
We see our annual audit and assurance
engagements as an opportunity to provide
you with far more than just statutory
compliance. Our approach to delivering
audit services that are tailored to your MAT’s
needs means that an independent audit is a
real opportunity to identify improvements in
your financial systems and procedures.
Internal audit
The Academies Financial Handbook requires
MATs to appoint an Accounting Officer to
review and report on the internal control
risks through a programme of internal
audit work. We can provide appropriate
internal audit services by assisting with
your Accounting Officer’s internal financial
controls review. We can tailor our
programme of work to cover any areas over
which you may have a particular concern or
require assistance.
Top slicing
Larger MATs, and some smaller MATs, will
operate a central trust function. This central
function may employ the Chief Executive,
Finance Director, and incur other central
costs, such as audit fees, which are shared
across the trust.
Individual academies may be asked to
contribute to the central trust through
what is often referred to as “top-slicing”.
This typically involves a percentage of each
academy’s General Annual Grant (GAG)
income being passed to the central trust
function; the level of financial contribution
is often varied according to performance so
that high performing academies that need
and receive less central support are required
to make a lower contribution. We can
advise on the levels of top-slicing within the
MAT.
THE NEXT STEP
If you would like further information on our
services for MATs, or would like to arrange a
meeting to discuss the establishment of your
MAT, please contact one of our specialist
academy advisers.
For further information or to arrange
a meeting to discuss your specific
requirements, please contact one of our
specialist partners listed at the back.
An independent
audit is a real
opportunity
to identify
improvements in
your financial
systems and
procedures.
6
10. Academy schools
Audit and Assurance
Providingyou
withaneffective
andeconomic
auditservice.
As an academy school you are required to
prepare financial statements by 31 August
each year and to have these statements
independently audited. Our team of
academy school specialists is experienced in
providing an effective and economic audit
service and ensuring that the audit report is
filed with the Education Funding Agency by
the required deadline of 31 December in the
same year.
As part of our regular service to academy
schools we are able to assist you with a
full range of audit and assurance matters,
including:
• preparation of statutory accounts;
• audit of the financial statements;
• specialist pension fund audits;
• regulatory reports;
• regulatory assurance;
• financial accounting;
• independent controls and systems process
assurance; and
• assistance with fundraising for capital and
revenue projects.
BEST VALUE AUDIT
Our annual audit and assurance
engagements are seen as an opportunity
to provide you with far more than statutory
compliance. We understand that cost is
important to you and we have a proven track
record in the charitable and public sectors
of carrying out cost improvement reviews,
which deliver real savings.
We will gain a true understanding of your
goals and aspirations and the timescale
set for achieving your desired outcomes.
Our partner-led team will be committed to
providing you with sound commercial advice
for any strategic ideas you might have, or
any problems you may be experiencing.
EXPERIENCED ACADEMY
SCHOOLS SPECIALISTS
We work with over 160 academy and
free schools around the UK and have
previous experience of working with their
predecessors; grant-maintained schools. As
such, we understand that independence
from your Local Authority is likely to
require improved internal controls for your
school’s finances. We are able to provide
an independent opinion on your financial
situation and to recommend any necessary
adjustments or improvements to your
controls and processes for future years.
As part of our process, we will ensure
that we adhere to your year end reporting
timetable as well as make sure that you are
fully conversant with your obligations and
timings at each stage of the process.
7
11. Our aim is to avoid surprises by anticipating
matters which may present difficulties and
to work with you and your finance staff
to overcome any problems as they arise.
Identifying areas of concern will not only
improve your efficiency, but also provide you
with essential knowledge upon which to
base your future business decisions.
Appointment of external auditors should
be for one year renewable at the discretion
of the trustees. A formal reassessment of
external auditors should take place every
five years, usually by competitive tender.
As a result, we aim to ensure that our fees
are as consistent as possible for you for the
duration of our tenure.
AUDITING PENSION FUNDS
As an academy school you will take on full
responsibility for your staff as well as the
possibility of any shortfalls in your staff
pensions. We have experience of dealing
with schools and other clients who face
similar issues with their pension schemes.
We are able to audit your Teachers’
Pension Scheme EOYC as well as providing
information on the Local Government
Pension Scheme and FRS17 reporting.
ACCOUNTS RETURN
In addition to the audited statutory
accounts, all academies are currently
required to submit an August Accounts
Return by 31 January. The Accounts Return
provides the EFA with additional information
over that included in the statutory accounts
and, although an audit opinion is not
necessary, the Accounts Return must be
signed off and submitted by the external
auditors who are required to provide a lower
assurance opinion on the accuracy of the
information.
ACCOUNTS PREPARATION
In our position as auditor we are obliged
to remain independent, however, we are
able to provide you with objective, impartial
assistance with the preparation of your
annual accounts by creating independent
teams to work on your behalf.
We have experience of the various
accounting software systems used by
schools and can therefore provide assistance
with setting up the nominal ledger accounts
required to meet not only the more detailed
reporting requirements of an academy, but
to fully comply with charity and company
law requirements as well as the Academies
Financial Handbook.
THE NEXT STEP
For further information about our audit
and assurance services or to arrange
a meeting to discuss your specific
requirements, please contact one of our
specialist partners listed at the back.
We have a proven
track record ...
of carrying out
cost improvement
reviews, which
deliver real
savings.
8
12. Academy schools
Specialist academy
school services
Wearewell
versedwiththe
widerissues
thatcommonly
impactupon
academies.
If dealing with the transition to academy
school status isn’t difficult enough, there are
other areas of financial consideration, aside
from having an audit and managing your
accounting processes, that you will need to
address to ensure the smooth running of
your academy school. At UHY, we are well
versed with the wider issues that commonly
impact upon academies and, as a result, we
can offer you the specialist advice required
to address these.
FUNDRAISING
Academy status will provide your school
with the opportunity to raise additional
income for capital and revenue projects free
of Local Education Authority control. We
are able to offer assistance in providing a
fundraising strategy.
VAT
Academies can either use the special section
33 refund scheme to recover the VAT
incurred on goods and services associated
with the provision of free education, or
register formally for VAT in the standard way.
Some academies will have no choice and will
be required to register for VAT, but if your
academy is in a position where it can choose
which method of VAT recovery to use, this
decision should only be made following
careful consideration to your specific
individual circumstances.
We can advise you as to the best method
for VAT recovery and can also carry out
a detailed VAT review to ensure you are
correctly operating whichever VAT reclaim
method you use.
TAX ISSUES
As an academy, you are exempt from
corporation tax on any profits generated
through the supply of education, but any
profits generated through other income may
be subject to corporation tax. We are able
to review your situation and advise whether
your academy has any direct tax issues.
If your income from non-educational
‘business supplies’ reaches the level where
it is beneficial to set up a separate trading
subsidiary company, we are able to deal
with the company formation and deal
with all subsequent annual compliance
requirements.
HMRC will periodically request a corporation
tax return even where an academy has no
tax liabilities. We are able to deal with these
returns for you and correspond with HMRC
on your behalf.
GIFT AID
Once an academy’s exempt charitable status
has been confirmed with HMRC, it is able to
claim gift aid on qualifying donations. Gift
aid can apply to certain day to day scenarios
in schools, if structured in the correct way,
such as non-uniform days. We can advise
you and your academy in this area.
9
13. INTERIM MANAGEMENT
Interim Management is a relatively new
resourcing tool, but one which has rapidly
become established as an invaluable aid
to many public sector organisations and
academies of all sizes. A large number of
our public sector clients have relied on us
to provide effective interim management
support, which is often ideal for a wide
range of problems including crisis or project
management, managing change or providing
a short-term stop-gap or skill set.
PAYROLL
Payroll and bookkeeping can be a complex
and time consuming nightmare. People
need to be managed, trained, supported
with expensive and complex software
packages and, of course, paid.
Our reliable and responsive payroll and
bookkeeping team have a wealth of
knowledge in school based employees’ pay,
including the terms and conditions for all
school staff and the statutory regulations
regarding teachers’ pay. Please see our
‘Payroll services’ service sheet for more
details of the services they can provide.
INHERITED LAND
Academies will usually inherit the use
of their land and buildings from Local
Authorities either on long term leases of
up to 125 years or by being gifted the
assets. How the land and buildings are
both accounted for within the accounts
and valued can be crucial to the solvency
of the academy. Our team of academy
experts can provide you with the necessary
advice on technical accounting issues for the
correct treatment of your inherited land and
buildings.
SUPPORTING YOUR FINANCE
FUNCTION
We can provide support for your finance
personnel in all their activities including:
• Finance Manual including risk analysis and
internal controls;
• budget setting;
• preparation of monthly management
accounts;
• monthly maintenance of budgets and
reporting to governors;
• transaction processing;
• grant applications;
• completion of Teachers Pension Scheme
EOYC;
• internal audit appointments and systems
monitoring visits to assess the application
of financial controls through the year;
• assistance to Responsible Officers (RO); and
• assistance with completion of Budget
Forecasts and March Accounts Returns.
FINANCE COMPLIANCE
The main compliance areas that we can
assist you with are:
• establishing key financial policies and
procedures including risk management and
internal controls;
• providing information for the Local
Government Pension Scheme and FRS17
reporting requirements;
• providing guidance with training governors
in their responsibilities as company
directors and charity trustees;
• company secretarial obligations; and
• setting up your accounting system.
THE NEXT STEP
For further information about our
specialist academy school services, please
contact one of our specialist partners
listed at the back.
A large number of
our public sector
clients have relied
on us to provide
effective interim
management
support.
10
14. Academy schools
Payroll services
Ourpayroll
softwarehas
beenspecifically
developedfor
theeducation
sector.
Academy school payrolls are unique and, as
such, require a specialist solution tailored to
their needs. One of the key requirements of
your academy’s payroll will be the application
of Pay Spines. These Pay Spines allow for
the incremental progression of salary within
a grade, in addition to dealing with multiple
employments. At UHY we have a software
solution that is used across the sector by
local authorities, payroll service providers and
various academy structures. The system is
tailored to the needs of academies, giving
you the comfort of absolute trust that your
staff will be paid accurately and on time.
WHY IS OUR SOLUTION
DIFFERENT?
Our payroll software has been developed for
the education sector and has many features
specific to the requirements of academies.
In addition, it is RTI compliant and provides a
comprehensive processing service at a
reasonable price. The system’s capabilities
include:
• a Pay Spines system that we can tailor to
your pay scale needs, whether they be
national, local or totally bespoke scales;
• support across a range of employments,
for both teaching and non-teaching staff;
• the ability to calculate pay based upon
grade points within a pay band;
• automatic calculation of retrospective
increases where your employee point
settings are changed;
• multiple banded pensions per employee;
• support for both local authority and
teachers’ pensions reporting requirements;
• costing reports that can be tailored to your
individual needs for exporting to your
accounts;
• ePayslips, providing a secure, online self-
service payslip facility for your staff with
access to current and historic payslips and
P60s, 24 hours a day, 365 days a year.
A COMPREHENSIVE ADVISORY
SERVICE
Our payroll team are able to support you
with a full range of payroll services, from
the management of your regular payroll,
whether weekly, monthly or quarterly,
through to supporting you on an ad-hoc
basis to lighten the load for you or your
existing payroll personnel.
If you are currently outsourcing your payroll
to a bureau we can add value should you
choose to switch to our fully comprehensive
academies solution.
Our team will devote substantial time to
advising you on issues surrounding your
payroll or staff remuneration, offering a
robust payroll service.
11
15. We are able to work in conjunction with
our other in-house departments for relevant
tax advice and will also liaise with HMRC on
your behalf, where necessary. We have good
connections with legal teams specialising in
employment issues to whom we can refer
you for more specialist advice, should you
require it.
If you are looking for a payroll solution,
tailored to the needs of your academy, with
a one-to-one approach and direct telephone
and email access to our experienced team,
contact us for more information.
THE NEXT STEP
For further information or to arrange
a meeting to discuss your specific
requirements, please contact one of our
specialist partners listed at the back.
An RTI
compliant,
comprehensive
payroll
service at a
reasonable
price.
12
16. Academy schools
Governance services
Itiscrucial
thatyouput
intoplace
appropriate
governance
structures,
policiesand
procedures.
As an academy school you are accountable
for the results you achieve and how public
funds are used.
As part of your Annual Report and Accounts,
you are required to prepare a Governance
Statement and a statement on regularity,
propriety and compliance. These statements
are required to be independently audited. It
is therefore crucial that you put into place
appropriate governance structures, policies
and procedures to ensure that there are
clear lines of accountability within your
organisation. A process of independent
checking is equally important to enable
your trustees to obtain assurance that the
structures you implement are operating in an
efficient and effective manner, and comply
with appropriate legislation.
Our team of academy school specialists is
experienced in providing an effective and
economic audit service and ensuring that
the audit report is filed with the Education
Funding Agency by the required deadline of
31 December in the same year.
THE GOVERNANCE STATEMENT
The Academies Accounts Direction 2013
(the Direction) requires you to include a
Governance Statement within the Annual
Report and Accounts of your academy. This
statement must include reference to the
effectiveness of the system of internal control
and an assertion by the trustees/governors
that the system of internal control was in
place throughout the financial year.
A statement on regularity, propriety and
compliance is also required by the Direction.
This is a formal declaration by the academy
trust’s accounting officer (generally your
headteacher) that they have met their
personal responsibilities to Parliament for
the resources under their control during
the financial year. Regularity ensures a
responsibility that public money is spent
for the purposes intended by Parliament
and propriety ensures that the appropriate
standards of conduct, behaviour and
corporate governance are maintained when
applying the funds under their control.
The EFA must also be satisfied that you have
secured value for money and accounting.
The following tests may be useful for you
when determining whether a transaction
is regular and proper and of benefit to the
academy trust:
• Is the expenditure in the best interest of
your academy?
• Does the expenditure comply with
approved procurement rules and policies?
• Will there be a valid business benefit to the
academy from the expenditure and not just
personal benefit to an employee?
• Is the expenditure necessary?
• Is the expenditure reasonable; does it fully
meet the identified and agreed needs?
• Has the expenditure been properly
authorised?
13
17. HOW CAN WE HELP WITH YOUR
ACADEMY’S GOVERNANCE?
You have a number of options to obtain
assurance on the economy, efficiency and
effectiveness of the systems in place in your
academy. The EFA has confirmed, in the
Handbook, that the mandatory requirement
to appoint a Responsible Officer has been
relaxed with several alternative options
being provided. There are advantages and
disadvantages for each option which need
to be considered by you in determining how
to obtain the assurance required. These
include:
• internal audit;
• a supplementary programme of work by
your external auditors;
• responsible officer;
• peer review, or
• a combination of the above.
Our academy school specialists are currently
working with over 160 academy schools
across the UK. We have experience of
navigating through the options to find the
most effective solution to ensure your school
has the appropriate checks in place to enable
the trustees to make the governance and
compliance assertion.
OTHER AREAS IN WHICH WE CAN
HELP
As part of our regular service to academies,
and the wider education sector, we are also
able to assist you with a full range of audit,
assurance and accounting matters, including:
• transition to academy status;
• preparation of statutory accounts;
• audit of the financial statements;
• specialist pension fund audits;
• regulatory reports;
• regulatory assurance;
• financial accounting;
• payroll;
• independent controls and systems process
assurance; and
• assistance with fundraising for capital and
revenue projects.
THE NEXT STEP
If you would like further advice or
information on our governance services
or you would like to arrange a meeting
to discuss your specific requirements,
please contact one of our specialist
partners listed at the back.
The mandatory
requirement
to appoint a
Responsible
Officer has
been relaxed
with several
alternative
options
being provided.
14
18. As academy
schools are
run outside
local authority
control, they
must now
deal with their
own financial
affairs.
Academy
schools and
VAT - FAQs
There are a number of common questions
our clients ask us regarding VAT when
considering academy school status. Below,
we have provided answers to some of the
most common questions asked. Due to the
individual nature of each academy, this
list is not comprehensive, but designed to
give you an insight into your potential VAT
implementation.
BEFORE WE BECAME AN ACADEMY
SCHOOL WE DIDN’T HAVE TO
WORRY ABOUT VAT. WHAT HAS
CHANGED?
Previously, most state schools came under
local authority control which looked after all
their VAT obligations. As academy schools
are run outside local authority control, they
must now deal with their own financial affairs.
All academies and Multi-Academy Trusts
(MATs)now need the assistance of firms of
accountants together with occasional specialist
VAT advice to ensure they not only meet
their obligations but reclaim the VAT they are
entitled to.
WILL WE LOSE OUT BY PAYING
VAT?
No, the Government has introduced new
rules to put academy schools in the same
VAT position as state schools. Although the
educational services are free of VAT, it will mean
that academy schools will have to produce their
own accounts and file their own VAT claims.
HOW CAN WE BE EXPECTED TO
KNOW WHAT TO DO?
In a sense, academy schools are now in the
same position as every other small business,
although the Government has endeavoured to
simplify the VAT rules as far as the legislation
allows. Many academies are now employing
experienced accountants and accountancy firms
to assist with the accounts and tax/VAT
obligations to whatever extent the school
Governors want.
SO HOW DO WE GO ABOUT
RECLAIMING THE VAT ON OUR
COSTS?
There are two ways to do this and, depending
on your circumstances, you can use either.
The education you provide is seen as an
obligation under the State, funded by grants
from the DfE, and the Government introduced
special legislation to allow the recovery of VAT
incurred on associated costs. All academy
schools can therefore reclaim VAT on costs
associated with the educational activities
directly from HMRC by filing specific claims on
Form VAT 126 for this purpose periodically.
This should cover most of your expenditure.
However you will also need to consider other
activities that may be regarded as ‘business’
activities for VAT purposes, but will not be
eligible for the direct reclaim process. For these
activities, you will have to formally register
for VAT and file regular VAT returns, probably
quarterly. Typical ‘business’ activities would
include:
• sales of printed books, zero-rated (subject
to VAT at 0%);
• sales of uniforms, zero-rated, broadly for
under 14s, but standard-rated otherwise
(subject to VAT at 20%);
• sales of sports equipment, standard-rated;
• sports tuition for payment, likely to be
exempt from VAT; and
• letting of classrooms to external bodies,
likely to be exempt from VAT.
DO WE HAVE TO REGISTER FOR
VAT?
If your taxable business activities (subject to
VAT at 20% or 0%) exceed the VAT registration
threshold, then you would have to register for
VAT. Below this level, you would be entitled to
do so on a voluntary basis but it may not work
to your advantage.
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19. WHAT ARE THE PROS AND CONS
OF REGISTERING FOR VAT?
If your taxable income is below the VAT
registration threshold and you do not
register for VAT, you do not have to
account for VAT to HMRC on any standard-
rated sales. However, you also can not
reclaim the VAT you incur on associated
costs. If you do register for VAT then you
can reclaim VAT on the costs of business
activities, but have to account for VAT to
HMRC.
For example, if you were registered for VAT
and your business sales were entirely of
printed books, you would be in the best
position possible as all your sales would be
zero-rated, but you would be entitled to
reclaim all the VAT incurred on all related
expenditure. Conversely, if all your business
sales were for standard-rated sports
equipment, you would have to account for
20% VAT out of the income. Some simple
arithmetic shows that this is probably going
to be more than the VAT incurred on the
associated costs, so if the retail price is
pretty much fixed by market forces you
would lose out. If you could charge the
same to parents irrespective of whether
you were charging VAT or not, then you
would be better off in this example by not
registering for VAT.
Note that the ability to reclaim VAT on the
educational activities is unaffected by any
decision you make over VAT registration but
one advantage for those academies that
are registered for VAT is that they can claim
back the VAT on their educational activities
through their VAT return without having
to file the separate statutory claims. This
will save dealing with two separate claim
procedures and should enable the VAT to
be reclaimed faster than by the statutory
claim method.
IF SOME BUSINESS ACTIVITIES
ARE EXEMPT FROM VAT,
DOES THIS MAKE IT MORE
COMPLICATED?
Yes, because exempt business activities
do not allow VAT incurred on associated
expenditure to be reclaimed. If you fall into
this situation, you would have to carry out
calculations for each of your VAT returns
to apportion the VAT incurred on business
expenditure between that which you can
reclaim and that which you cannot. This
is called partial exemption and you would
need to identify the VAT you incur on costs
associated with your educational activities,
taxable business activities and exempt
business activities separately in order to carry
out the required calculations. There are
some simplified ways of doing this but it will
be an additional administrative burden you
will have to comply with.
HOW DOES THE ‘DE MINIMIS’
TEST WORK FOR PARTIAL
EXEMPTION
If your exempt business activities are
somewhat limited, the partial exemption
calculations may allow you to recover
all the VAT on associated expenditure
anyway. It is hard to predict in advance
how the calculations will turn out, but the
Government has again sought to help where
possible by allowing a range of calculations
to be used by partially exempt organisations
to see if they pass the ‘de minimis’ test and
avoid losing any input VAT.
WE ARE GOING TO BE
EXPANDING THE SCHOOL. DO
WE GET ANY PARTICULAR
RELIEFS FROM VAT FOR BUILDING
WORKS?
Since most academy schools are expected to
be registered charities, you should be able
to get relief from VAT for the construction
of buildings or self-contained annexes used
for charitable (ie. non-business) educational
purposes. A small amount of business
activities are allowed and will not prejudice
the VAT relief, provided the building is
still used for at least 95% non-business
purposes. Any reasonable basis can be used
to test the 95% threshold, but care needs to
be taken both at the time and in monitoring
the use over the next 10 years to avoid an
unpleasant VAT cost later.
WE ARE PROVIDING SUPPORT
TO OTHER ACADEMIES IN OUR
NETWORK. DOES THIS AFFECT
OUR VAT POSITION?
Yes it does since such activities are likely
to be seen as carried on in the course of
business for VAT purposes. Often, such
support is treated as consultancy services or
the provision of information and standards
and subject to VAT, but it can be seen as
training and possibly exempt from VAT.
Unusually, since the other academy should
be able to reclaim any VAT you charge
them, there is no advantage here from VAT
exemption and charging VAT will enable you
to reclaim the VAT you incur on associated
expenditure.
OUR MULTI-ACADEMY
TRUST HAS A SINGLE VAT
REGISTRATION. HOW DOES THIS
WORK?
This is probably a VAT group registration
where all the academies in the MAT are
covered by a single VAT number and the
MAT files a single VAT return to reclaim all
the VAT incurred on expenditure for the
educational side and the taxable business
activities. Although this will simplify the
VAT administration, the separate academies
will still have to produce their own accounts
for every other purpose. One advantage
from a VAT group registration is that
services provided between the academies in
the VAT group are ignored for VAT purposes
which again can simplify the VAT invoicing
and administration.
HOW DO WE ENSURE WE GET
THE RIGHT ADVICE?
The best way is to make sure that your
accountants either have the necessary
specialist VAT expertise or can recommend
suitable advisers. At UHY Hacker Young
we provide the full range of accountancy,
tax and audit services and have in-house
VAT specialists who can advise you on every
aspect of your VAT affairs.
THE NEXT STEP
If you would like further advice on
any of the above or if you would like
to arrange a meeting to discuss your
specific requirements, please contact
one of our specialist partners listed at
the back.
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20. What our clients say...
17
Lee Miller, Thinking Schools Academy Trust
UHY provide us with an invaluable, professional and factual service.
The team have an exemplary technical understanding and are able
to drill down through a complicated matter to its basics, ensuring
we have a simplified and straightforward understanding of the issue.
With UHY ensuring that we have continuity within their team we have
forged a close and trusting working relationship. I would have no
hesitation in recommending their services to any academy.”
Jan Rainer, Hartsdown Technology College
UHY have been invaluable during our early months as an academy.
We are able to raise any query or concern and will receive a prompt
and reassuring answer making us feel our custom is valued and
important to UHY.
UHY continues to provide a top rated service for us as a large
academy trust as it did during our infancy. The technical support
the team have provided me, as a newly established Finance Director,
has been invaluable.
Jean Simmons, Dane Court Grammar School
21. Caroline Pearce, Queens’ School Bushey
We have worked with UHY over many years and have never regretted
that decision. They have always been friendly, helpful and extremely
efficient, and we would not have wanted to convert to an academy
with anyone else.
www.uhy-uk.com/academy-schools
The UHY team have good technical knowledge and any queries we have
had have always been promptly and successfully dealt with. We
really value the quality and approachability of the staff. This has
been very new territory for us, but we never felt alone.
Linda White, Warren Road Primary School
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Kim Padgett, Borden Grammar School
We have a great relationship with the UHY team, who provide
a brilliant personal service and have taken the time to totally
understand the school. I really value their level of understanding,
their valuable advice and the peace of mind that I get from working
with them.”