Archive for March, 2013

Annal Nayyar Blogs – VAT – Should you register or not?

Annal Nayyar Blogs – VAT – Should you register or not? It is worth noting the VAT threshold for 12-13 is £77000. So if an academy exceeds this level or thinks it will based on previous school experience they must register with HMRC. The alternative is if an academy is likely to be below this [...]

Annal Nayyar blogs: A new shorter FMGE called FMGS is now required

Annal Nayyar blogs: A new shorter FMGE called FMGS is now required The EFA have announced that The FMGE is replaced by a much shorter version for schools that have converted this is abbreviated to a FMGS. This should be completed within 4 months of conversion.

Annal Nayyar updates: Applications for Free Schools opening in 2015 and beyond

The EFA on 27 March communicated the following: In order to give Free School applicants more flexibility, we will now run three application rounds each year. Groups may select the year in which they intend to open. A final decision on the school’s opening date will be confirmed during the ‘pre-opening’ period. This will be [...]

Annal Nayyar Updates-Academies funding allocations 2013/14

The EFA have stared that will have sent all second-stage Funding Allocation Packs (FAP2) to all academies open by 1 January 2013, including those with post-16 students, by 29 March 2013. Academies that opened in February and March 2013 will get their allocation by the end of April. They have enhanced the guidance notes that [...]

Annal Nayyar reports on that Post-16 funding arrangements for 2013/14

The EFA -have sent a letter to all institutions delivering 16-19 education and training. The letter confirms the funding arrangements for 2013/14. It also gives information on national volumes, budgets and funding rates, and an update on policy developments. This will ensure institutions have all the information with which to complete their planning for the [...]

Annal Nayyar reports that The assurance framework for high needs funding 2013/14 is now available.

The assurance framework for high needs funding 2013/14 is now available. It tells local authorities, providers and academies about the assurance arrangements for the funding of high needs pupils and students for 2013/14. These arrangements cover financial health assessments and assurance over providers’ use of funds.

Annal Nayyar reports- Academy trusts 2013 March accounts return

Academy trusts 2013 March accounts return As published in the EFA business cycle, EFA have issued the request for all new academy trusts that have not prepared financial statements, as at 31 August 2012, to submit a 2013 March accounts return. The 2013 March Accounts Return covers all new academy trusts that have not prepared [...]

Annal Nayyar – reminds schools looking to covert to Academy Status that New Academies Financial Handbook was published in 2012.

Just a reminder for those schools looking to convert that the latest version of the Academies Financial Handbook was published by the Education Funding Agency. The shortened Handbook, sets out the relevant financial governance requirements and appropriate financial guidance. If you require  support to ascertain if your schools meets the relevant requirements or is ‘fit [...]

Annal Nayyar and Fis-EdSolutions commissioned to provide training packages for School Governors

Annal Nayyar and Fis-Edsolutions will be provide regular   finance training for School Governors. It will assist Headteachers in ensuring Governors are provided with appropriate knowledge and will assist in the discharge of their responsibilities.

Annal Nayyar and Fis-EdSolutions commissioned to Support Free School Opening in September 2013

Annal Nayyar has been commissioned to provide a full finance support package to a Primary Phase Free School in  Yorkshire  which is to open in September 2013.