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School Finances

School Finances. Putting Theory into Practice. Finance. Internal financial structures Procedures Management / Committees. Finance. Management Accounts Review Reading the accounts The Big School - ..IPD finance course - monitor figs.xlsx Reporting to Governors Report exercise.

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School Finances

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  1. School Finances Putting Theory into Practice

  2. Finance • Internal financial structures • Procedures • Management / Committees

  3. Finance • Management Accounts • Review • Reading the accounts • The Big School - ..\IPD finance course - monitor figs.xlsx • Reporting to Governors • Report exercise

  4. Finance • Report exercise • Your Bursar has been run over by an irate parent in the car park and you have finance meeting of the Governors coming. You have to prepare a verbal report on the current state of the finances based on the management accounts as at the end of the October. Prepare a verbal report lasting 5 minutes (work in three groups – split areas) to present to the Governors (the rest of the group).

  5. Finance • Report exercise • Some background • The school is a London day school • Fees were held down this year • The fee does not include lunches – they are provided by an external contractor. Staff meals are paid for if the person is on duty

  6. Finances • Budget setting • Assumptions • For 2013/2014 – what assumptions on should we be making bearing in mind the current climate? • Interest rates • Salary increases – teachers – other staff? • Utilities • And, of course, pupil numbers

  7. Finances • Growth forecast (CPI) – Bank of England

  8. Finances • Cost saving • Options • Cutting costs • Increasing income • Diversification

  9. Finance • Statutory Accounts - ..\arcollege.pdf

  10. Finance • The Trustees Report • Charity Commission • The Public • SIR (Summary Information Return)

  11. Finance • Public Benefit • Judicial Review

  12. Nicholas Marten njm@nicholasmarten.org www.nicholasmarten.org Tel. 07770234946

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