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 Kayley Bell, Trust PA: bellk@bourne.education.
