Archive for November, 2012

Annal Nayyar-Fis-edsolutions Ltd Commissioned to Support Primary School

Fis-Edsolutions have been successful in being awarded an additional primary school finance support contract. Annal Nayyar and his team will provide the appropriate bespoke service to this phase.

Academies funding video and FAQs

During October 2012 the EFA delivered briefing sessions to academies on the 2013/14 academic year funding reforms. you can  see the films and accompanying FAQs on their website.  

Academies Capital Maintenance Fund (ACMF) 2013-14

The initial application round for the Academies Capital Maintenance Fund (ACMF) 2013-14 is now open. All academies open by or on 1 January 2013 are eligible to submit an application for up to two projects – either tackling building condition issues or expanding provision. The deadline for submitting applications is 6.00pm on Tuesday 18 December [...]

Annal Nayyar and Fis-Edsolutions Ltd commissioned to produce school Medium Term Financial Plans (MTFP)

Annal Nayyar and Fis-Edsolutions have been commissioned to produce a series of School  financial medium term budget plans that incorporate both local and national factors. These will look to reflect and incorporate the School Development Plans and provide the financial direction for schools over the coming years.

EFA – Academies funding reforms 2013/14

The EfA have produced a filmed version of the briefing for those who were unable to attend. They  have also compiled a list of questions and answers that were asked at the briefing. These frequently asked questions sit alongside the slides from both the funding reform and High Needs events that were held in November. The [...]

Managing the Expansion of the Academies Programme

The National Audit Office has reported that the Department for Education has delivered a fundamental change in the nature of the Academies Programme through a rapid, ten-fold increase in the number of academies since May 2010. This increase is a significant achievement. However, the Department was unprepared for the scale of the financial implications arising [...]

Annal Nayyar – Academy and Free School Support

Annal Nayyar and his team can provide schools with the following financial support: A telephone helpline Budget  planning Construction of financial ledger from nominal coding structure to budget population Month end budget monitoring report Production of external stakeholder reports e.g. The FMGS Financial Reconciliations Year-end accounting check and pre check Inventory and Asset Register construction [...]

‘Councils criticise early education funding plan’

Council chiefs have attacked Government plans to ring-fence funding for early education for two-year olds, claiming the decision removes local discretion in deciding which children should benefit. Under a detailed funding package announced by the Department for Education today, councils are in line to receive a basic rate of £5.09 per two-year old child in [...]

Employer Governor’s Remuneration

I am involved with a number academies year end statements – I would be very interested to know your views on how you are looking to classify salary’s linked to governors – thus by banding or are you itemising ? This as you can imagine is quickly becoming a very ‘hot topic’. Annal Nayyar

Rates Relief for Academies

Annal Nayyar writes that the procedure broadly for ensuring rates is a nil cost to an Academy is that you will receive due to your new charitable academy status ,80% relief from the local council – then the EFA will increase your GAG by the balance of 20%  as long as you forward evidence of [...]