Annal Nayyar and team commissioned to support Traditional Convertor Academies –Secondary, Primary and Infant Schools

We have supported all three school phases on numerous occasions across the pre conversion and post conversion elements of finance. This support was provided to the Bursar, Headteacher and the Governors. We have found our clients welcomed this spectrum of service, as it helped to create consistency and stability as well as ensuring skill transfer to existing school finance staff.

Areas of work completed during pre conversion, were establishing a strong school financial platform for the short, medium and long term viability of the school. This included medium term budgeting, dealing with the local authority across all budget transfers and reviewing any contractual liabilities that required inclusion in the funding agreement.  We reviewed existing systems ( payroll, purchase and sales ledger)  commissioned and implemented a new accounting package , reviewed all existing contracts for value for money, trained staff  on VAT implications of Academy status , led on all pension transfer issues, insurance procurement (being the  main contact for the CPC)   as well as supporting the school on new banking arrangements

We reviewed all financial policies for robustness and were weakness were identified we recommend improvements to the Governors and Head Teacher.

We were also the main point of contact for legal and HR colleagues who were commissioned as part of the conversion process. We were also provided support during the school consultation process.

 

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