Category Archives: Client Base – Past and Present

Fis-edsolutions ltd Blogs Information: Changes to revenue funding allocations for Universal Infant Free School Meals (UIFSM)

The final universal infant free school meals (UIFSM) revenue allocation to take account of varying patterns of reception class intakes.

For reception, the final allocation will be calculated by taking an average of the October 2014 and January 2015 censuses, or just the January 2015 census – whichever provides schools with the greater allocation.

The approach to calculating the final allocation for year 1 and year 2 has not changed: it will be calculated by taking an average of the October 2014 and January 2015 censuses.

Full details are included in the conditions of grant on GOV.UK.​

Annal Nayyar ‘helped us through the successful conversion process …. have received good, clear and precise information …has produced a series of worksheets with clear guidance to enable us to monitor and report on our position as a school as well as forecasting for long term investment and security of the Trust’

Annal Nayyar ‘helped us through the successful conversion process …. have received good, clear and precise information …has produced a series of worksheets with clear guidance to enable us to monitor and report on our position as a school as well as forecasting for long term investment and security of the Trust’

 

Annal Nayyar secures additional finance support contract for a sponsored primary school

 

Annal Nayyar and his team have secured the finance support contract of another sponsored primary school in Berkshire. The school will be sponsored by an outstanding Primary school in the region. The finance support will be in the form of both operational and strategic service deliverables.

 

Annal Nayyar -Wins another Commission to produce Schools Financial Value Standard (SFVS) for Several Schools

Annal Nayyar and his team have secured this assignment across a number of Local Authority Schools. So what is SFVS and would you like some finance support? Please contact the team for a discussion.

What is the SFVS?

Schools manage many billions of pounds of public money each year.  Effective financial management ensures this money is spent wisely and properly, and allows schools to optimise their resources to provide high-quality teaching and learning and so raise standards and attainment for all their pupils.  The SFVS replaces the Financial Management Standard in Schools (FMSiS) and has been designed in conjunction with schools to assist them in managing their finances and to give assurance that they have secure financial management in place.

Who is the SFVS for?

The standard is a requirement for local authority maintained schools.  Other schools are welcome to use any of the material associated with the standard, if they would find it useful.   Governing bodies have formal responsibility for the financial management of their schools, and so the standard is primarily aimed at governors.  

Annal Nayyar and Fis-edsolutions look to review school finance policies for best practise.

Annal Nayyar and Fis-edsolutions have secured an assignment to review and provide ‘best practise’ across  school finance policies for compliance and controls. The commission also involves presentation at School Governors and thereafter regular annual review.

Policies Include:

Financial Responsibilities procedure
Business Integrity procedure
Finance & Premises Committee Terms of Reference
Finance Policy
Budgetary Planning & Control procedure
Capitalisation & Depreciation of Assets

 Disposal of Assets

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Annal Nayyar and his collegues provide  education finance  support to  Infant schools - please take a moment and check out the various testimonies attached. Feel free to contact us for a list of services we offer.

Client Links

Annal Nayyar provides finance support to Special Schools

Sponsored Academy – Primary

Primary school in special measures, taken into the academy programme within 4 months. Provided a desktop review of all the systems and processes and reviewed the medium term planning of the school. Provided support and guidance to the Finance Director at the Trust.

ANNAL NAYYAR

Free School opened September 2012

Free School Academy. Provided dedicated support to the sponsor and also the finance director at the new free school. Ensured that the ‘new school’ had all the financial procedures, controls , policy’s and accounting instruments to ensure it met its financial obligation to both internal and external stakeholders. Assisted in the commissioning of support services to ensure that the school began with robust financial systems and controls. Reviewed the schools budget plan and data that supported the funding agreement. Provided the financial support to the charging mechanism the school would adopt with the local authority and other potential users of the service.

Annal Nayyar

Sponsored Academy –Secondary

Secondary School Academy Provided a full set of finance deliverables ranging from producing financial plans to the guidance on implementation of accounting systems, commissioning of the accounting ledger, payroll provision and commissioning of other financial related modules. Provided constant financial updates to both the sponsor and the DfE, leading all financial aspects throughout the contract period of this project – ranging from information on the Start Up Grant to General Annual Grant and long terms financial viability of the school based on known /, anticipated data and scenario planning.

Annal Nayyar