Monthly Archives: November 2014

Fis-edsolutions Ltd blogs A list showing all academy trusts that have received pre-warning notice or warning notice letters from the Department for Education about poor performance.


Letters to academies about poor performance

Increasing the number of academies and free schools to create a better and more diverse school system

Fis-edsolutions Ltd blogs guidance on improving the spiritual, moral, social and cultural development of pupils

The Department for Education has on 27 November 2014  published guidance on promoting British values in schools to ensure young people leave school prepared for life in modern Britain.

 

The guidance aims to help both independent and state-maintained schools understand their responsibilities in this area. All have a duty to ‘actively promote’ the fundamental British values of democracy, the rule of law, individual liberty, and mutual respect and tolerance of those with different faiths and beliefs. These values were first set out by the government in the ‘Prevent’ strategy in 2011.

 

Until now schools have been required to ‘respect’ these values, but as a result of changes brought in earlier in the year all schools must now have a clear strategy for embedding these values and show how their work with pupils has been effective in doing so. In a letter to the Education Select Committee in March, the Parliamentary Under Secretary of State for Schools Lord Nash explained the changes were designed to “tighten up the standards on pupil welfare to improve safeguarding, and the standards on spiritual, moral, social and cultural development of pupils to strengthen the barriers to extremism”.

 

Ofsted and the independent inspectorates now take the work of schools in this area into account during inspections.

FisEdSolutions knowledge of Finance for Education has proved – and is proving – to be a great asset

 FisEdSolutions  knowledge of Finance for Education has proved – and is proving – to be a great asset. The support that our Finance Team has received has been excellent. They understand the day to day running of our College and the pressures that we are under, and works with us to achieve our financial responsibilities.

We work with Fis-edsolutions ltd to support our financial procedures in school, and this support has been a blessing.

We work with FIS-edsolutions  to support our financial procedures in school, and this support has been a blessing. I am now confident as a head teacher that our financial procedures are robust and sound, we are planning ahead effectively and are able to demonstrate that we provide value for money. The major head ache that comes with financial accountability has been seriously relieved since we started this partnership. FIS-edsoluitions ltd  are always professional, precise, polite and always at pains to explain to me what I need to know in words I understand.

 

Fis-edsolutions .co .uk reports Information: changes to EduBase

The Department for Education is changing EduBase to show the relationship between sponsors/trusts and their individual academies. They will include an item in the e-bulletin by the New Year to confirm this change has happened.

In the meantime, please check and update your academy’s information on EduBase including making sure your headteacher’s name is up to date.

Please refer to the EduBase FAQs for information about how to login to your account and update your school’s record.

Fis-edsolutions .co .uk reports Information: Condition Improvement Fund (CIF) applications

You can now view the Condition Improvement Fund webinar to hear answers to questions about CIF from EFA capital experts.

Applications for CIF open today. The deadline for completed applications is 3pm on 19 December. We have published a document with screen shots showing the CIF online application to help technical and other advisers who do not have access. The link to the online application and associated user guidance will be available shortly

Fis-edsolutions .co .uk reports – Information: review of related party transactions in academy trusts

The Education Funding Agency has published a report on related party transactions, based on its review of all such transactions disclosed in academy trusts’ 2012 to 2013 financial statements. In the report you can find case studies and further information to help your trust comply with the requirements.

Annal Nayyar and fis-edsolutions ltd report Submitting your academy trust’s accounts

All academy trusts incorporated before 1 March 2014 must submit audited accounts for the period ending 31 August 2014 to EFA by 31 December 2014.

EFA have published a guide to submitting your trust’s audited accounts. You should read this guide before submitting your accounts, as the process has changed. You will need to complete a short online form that asks for key information from your accounts, and upload the accounts to the document exchange area on the EFA Information Exchange.

This two-part submission is the first step towards fully automating the collection of audited accounts. The submission process should be straightforward and will result in benefits for all. The new online form will help us to provide trusts with more timely feedback and to direct our resources towards supporting trusts facing the greatest risks.

Additionally, you must tell the EFA  if your accounts are likely to be qualified or your auditor will be raising exceptions by emailing the Academies Enquiries Service at the earliest opportunity, quoting ‘submitting audited accounts’ and your academy trust’s name in the email title.

Annal Nayyar and fis-edsolutions ltd report Amendment to the pensions note in the Academies Accounts Direction

The EfA have published a short document setting out an amendment to the pensions and similar obligations note in the 2013 to 2014 Academies Accounts Direction.

The pensions note includes enhanced disclosures reflecting the latest valuation of the Teachers’ Pension Scheme (TPS).

While trusts are not required to amend their financial statements due 31 December 2014 to include the enhanced disclosures, the EFA  encourage trusts to do so where practicable. The amended note does not affect any balances in the financial statements.

Annal Nayyar and fis-edsolutions ltd report Submitting your academy trust’s value for money statement

All academy trusts open on or before 31 August 2014 need to submit their value for money statements to EFA by 31 December 2014. This year, submission is through an online form, which covers the same information as last year’s Microsoft Word template.

The EFA  have published a guide to submitting your value for money statement, which explains how to access and submit the form. If you have already submitted your statement for the period ending 31 August 2014 using the previous template, you do not need to re-submit using this form. However, from 13 November onwards, trusts will need to use the online form and the Word template will no longer be available.