Eden Academy Trust

Core Offer

Core Offer

Financial Support and Management

 

  • Centralised finance function.
  • All invoices paid on behalf of schools on a weekly pay run.
  • Debtor’s invoices raised.
  • PSF Licences paid for by the Trust.
  • Cashflow forecasts completed.
  • 3-5 year financial forecasts and scenario planning.
  • Bank reconciliations processed.
  • Monthly budget monitoring with Headteachers.
  • Annual budget preparation.
  • Budgets presented to Trust Board termly.
  • Monthly management accounts prepared and submitted to the Trust Board.
  • GAG statement checked for errors.
  • Income checked and loaded onto PSF.
  • Completion of all ESFA returns.
  • Assurance on compliance with the Academies Financial Handbook.
  • Support with grant funding and bids.
  • Submissions of VAT reports on a monthly basis.
  • Control account reconciliation.
  • All finance procedures and policies.
  • Internal and external audit costs, along with Pension report costs.
  • Attendance at monthly Finance and HR Surgery.
  • Advice and guidance on latest government policies on school finance.
  • Calculation of staffing costs and monitoring.
  • Checking and predicting income streams e.g., EYs, SEND.
  • Analysis of benchmarking data.
  • Best practice advice and ensuing best value.
  • Support on income generation.
  • Step by step financial procedures.

Payroll

  • Monthly payroll returns completed and submitted to payroll provider
  • Payroll checked and authorized
  • Payments made to payroll provider for payroll and third party payments ( HMRC and pension providers)
  • Reconciliations of monthly payroll
  • Teacher pension end of year certificates and audits completed.
  • Advice on payroll queries
  • All payslips and P60s provided to all staff.

 

Procurement

  • Access to procurement guidance and advice
  • Achievement of economies of scale being part of larger trust contracts.
  • Support to ensure compliance with government regulations on purchasing and the trust financial procedures.

Governance

  • Attendance and the presentation of reports at LGB and Trust Board meetings.
  • Clerk to the Governing body provided at all meetings.
  • Co-ordination of all LGB paperwork ahead of meetings.
  • Minute taker for all LGB and Trust Board meetings.
  • Responsible for ensuring all Business Interests of Governors are declared and recorded.
  • Support with the recruitment of new Governors.
  • Ensure annual skills audits are submitted by all Governors and trustees.
  • Ensure statutory government GIS and Companies House website are current and up to date.
  • Access to training programme for all Governors

 

ICT Support

  • Fully funded ICT partner to work with your school on all matters relating to ICT.
  • ICT support and advice.
  • Monthly ICT support contract
  • Website support and updates by Trust ICT support officer

Estates and Facilities Management

  • An estates manager to oversee your buildings
  • To negotiate and manage all building related contracts to ensure best value
  • All health & safety inspections managed, along with any H&S advice
  • Co-ordination of capital funding bids and capital works