Ever since the Department for Education (DfE) introduced the Risk Protection Arrangement (RPA) as an alternative to commercial insurance for Academy Trusts, the number of Trusts utilising the service has been increasing.
In a recent report issued by the DfE it was confirmed that there were 4,157 academies and 2.0 million pupils covered by the RPA at 31 August 2017.
The Education and Skills Funding Agency (ESFA) have issued the 2018 guidance for the Land and Buildings Collection Tool (LBCT) which was introduced for the first time last year.
The return will open on 1 October 2018 and the deadline to submit your return to the ESFA will be by 5 November 2018. This return is separate from the valuation return for new academy schools, which still needs to be completed within 6 weeks of opening.
Earlier this year, the DfE updated their guidance on what academies, free schools and colleges should publish online. This update is likely to have slipped under many schools’ radar. A copy of the guidance can be found here.
The Department for Education has recently released what they see as the top 10 planning checks for governors to check if their school is managing its resources and finances effectively. They have urged governors to use the checks early in the annual budget planning cycle and when looking ahead at the 3 to 5 year position.
Those academy trusts who were lucky enough to receive Condition Improvement Fund (CIF) grants in 2017 should have spent these monies by 31 March 2018. This is one of the standard terms and conditions of the grant and therefore it is important to be compliant. Non-compliance can result in the Education and Skills Funding Agency (ESFA) requesting a clawback of funds – something all trusts will want to avoid.
We were delighted to sponsor the KM Charity Sussex Teacher of the Year Awards 2018 which culminated in the awards ceremony on Wednesday 13 June at the Mercure Brighton Seafront Hotel. The evening was hosted by the charity’s chief executive Simon Dolby, who along with Cllr Jackie Quinn, Brighton Council and Catherine Spencer former England rugby captain, welcomed guests to the awards.
Over the weekend the ESFA published the Academies Financial Handbook 2018 (AFH2018) and this will replace the 2017 version with effect from 1 September 2018. A full copy of the Handbook can be found here.
Earlier this year the Public Accounts Committee’s report on academies recommended that schools seek Education and Skills Funding Agency (ESFA) approval for related party transactions going forward as they felt the current rules are “too weak”.