Archive for January, 2013

Hull considers future of non-statutory free school transport

Hull City Council is consulting on plans to axe non-statutory free school transport in the face of government cuts, sparking outrage from parents and teachers. The council has launched a review of their free transport policy, stating it needs to radically re-think its approach. A cut to all non-statutory provision would affect around half of [...]

Annal Nayyar and Fis-EdSolutions commissioned to project manage school establishments who are forming as a Multi Academy Trust.

Annal Nayyar has been commissioned to provide a full finance support package and project management of schools in the South East who are forming as a Multi Academy Trust (MAT).

Annal Nayyar and Fis-EdSolutions commissioned by Primary Special School to Project Manage conversion to Academy Status

Annal Nayyar and Fis-Edsolutions have been commissioned to project manage the conversion of a primary special school to Academy status. This will include full finance due diligence and commissioning and review of other required services….

Annal Nayyar blogs- Education Committee takes evidence on the Role of School Governing Bodies

The Education Committee will hold an evidence session on Wednesday 30 January 2013 the first session of its inquiry into The Role of School Governing Bodies. Purpose of the Session In this session the Committee will take evidence from a panel of school governors and their representative body and a panel of headteachers, Ofsted and [...]

Annal Nayyar updates – Academy Accounts Return and Audited Financial Statements

Academy trusts who are preparing 31 August 2012 financial statements must submit their completed accounts return for 2011/12 to the Education Funding Agency by 31 January 2013. This should be done through the academy trust’s auditor once the auditor has completed their review of the return.

Annal Nayyar provides an update on -When can you expect payment for FRS17 statement submission? How much will it be?

The grant payable is set at an average cost of £1500 for those obtaining their first FRS17 valuation and £700 for those obtaining valuations for subsequent years. There is no requirement to submit an invoice to the Education Funding Agency (EFA), as the amount payable is set as above. The EFA will make payment when [...]

Annal Nayyar updates on when will 2012/13 rate adjustments be made?

Where converter academies have submitted their rates bills to the Education Funding Agency and have still to receive a revision to their payments we can advise that we are currently in the process of amending their GAG documentation. The adjustment to the GAG in respect of the rates revision will be then reflected in the [...]

Annal Nayyar blogs : Sponsored academies’ improvement in GCSEs outstripping other schools

The secondary school performance tables show that standards are rising in sponsored academies at a record rate – and more than five times as quickly than in all state-funded schools. Across all state-funded schools, the proportion of pupils who achieved at least five good GCSEs (including in English and maths) rose by 0.6 percentage points. [...]

Annal Nayyar – Suggests Really Positive news – Pickles to relax planning laws for free schools

Ministers have today announced a change to planning rules to allow free schools to establish themselves in offices, warehouses or other premises without applying for planning permission first. Communities Secretary Eric Pickles and Education Secretary Michael Gove said the move would cut through the red tape that is holding back the development of the schools. [...]

Annal Nayyar blogs – How academy’s accounts feed into Whole Government Accounts

The EFA explain this as follows:- The EFA uses a combination of audited accounts, financial returns and other information to generate the EFA’s consolidated accounts, which are then further consolidated into Whole of Government Accounts (WGA). The EFA’s consolidated accounts are audited by the National Audit Office (NAO) on behalf of the Comptroller and Auditor [...]