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Are independent school pensions about to help schools recruit?

Many teachers in private schools have threatened to leave if their schools withdraw from the Teachers’ Pension Scheme – a move that could benefit state schools struggling to recruit, says Phillip Reynolds The new academic year is a fresh start for everyone, but when it comes to school budgets, there isn’t much change. The pressures […]

New handbook promotes the art of good governance

More than ever, trusts need to ensure that their governance arrangements are as robust as possible, says Phil Reynolds, as he talks us through the 2019 academies handbook Many people have been demanding the government take action on those who may have flouted the rules – and the latest academies financial handbook is a clear […]

Four finance mistakes academy trusts should avoid

Phillip Reynolds explains the big four finance rules academy trusts should be aware of The BBC’s screening of Panorama’s investigation into Bright Tribe Trust has again caused many to question the academies regime and the lack of scrutiny. But what lessons should all academy trusts be drawing from their mistakes? Condition Improvement Fund (CIF) monitoring […]

Academy trusts: don’t hide your deficits!

Schools shouldn’t try to hide their deficits, writes Phillip Reynolds, or they’ll only get into more trouble down the line. The budget forecast return outturn (BFRO) deadline is creeping up on academies, and business managers have no doubt taken advantage of the “quiet” time at school this past couple of weeks to begin working on […]

Education bill: Who will pay the bills as academies are passed around between trusts?

With the late inclusion of academies and free schools in new coasting schools legislation, schools could be passed around like Premiership footballers, leading to worries over costs, warns Phil Reynolds. The government has been very clear in their vision to ensure that school performance is not ‘coasting’ and their target to make every school in […]

How to understand your academy’s finances

It can be daunting, but academy trustees are legally bound to understand the financial position of their school. Read on . . . Academy trust finances continue to be a hot topic and one of concern to many of those responsible for them. The board of trustees, or governors, shoulder this crucial obligation and must ensure academy […]