In this section...

Finance

The Bourne Education Trust has a proven track record of effective financial management in all of its schools. Overseen by the Trust’s Chief Operating Officer we offer:

Audit
  • Draft audit report preparation.
  • Management of TP, financial and regularity audits.
  • Preparation of individual school and Trust control sheets and fund analysis.
Central Services
  • Negotiation & organisation of agreed central services (currently personnel and insurance).
ESFA Financial Returns
  • Prepare all financial and budgetary returns required by the ESFA/DfE.
Financial Management
  • Work with all schools to ensure they meet ‘going concern’ requirements.
  • Lead the Trust’s finance teams to ensure appropriate policies, structures and standards in place in light of new status and consolidated audit requirements. Provide training as required.
Fixed Assets
  • Central management of fixed assets and depreciation.
Fund Management
  • Ensure correct use of central funds – school contributions and improvement funds.
  • Establish an investment structure for the Trust.
Intercompany Transactions
  • Preparation of all intercompany journals after approval.
IT Support for Trust Finance System
  • Finance system is held on a central platform. Schools joining the Trust will need to be set up on the system and have the database set up.
  • Provision of technical helpdesk support.
  • Amendments to structure of system to support school requirements.
Month-End Support
  • To ensure all schools follow the same procedure, month-end support will be given until such time as an individual school no longer needs the support. Central review of month end data.
Training
  • Initial and on-going finance training.
  • Provision of financial helpdesk support.
Use of Assets
  • Manage capital bids for the Trust.
  • Work with school to investigate opportunities for income generation from capital assets.
  • Work with schools to identify opportunities for collaboration (ICT, procurement).
VAT Returns
  • VAT returns to be carried out centrally for all schools in the Trust.

If you require more information please contact Debbie Nixon, Trust PA: nixond@bourne.education.

Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×