Finance and Business Support

At S4S, our specialist finance staff have many years of experience of working with Schools, Academies, Free Schools, Children’s Centres, Pupil Referral Units and Local Authorities and are all committed to providing you with the highest quality services and support.

Whilst we have a range of ready-made support packages available, we are happy to discuss your individual requirements and tailor our services to respond to the changing needs of your school.

You can be assured that our staff will conform to the latest legislation, meeting the standards expected by the Department for Education and the Education Funding Agency.

Strategic Financial Planning

We work closely with your leadership team to provide you with professional strategic advice, which supports you in making the right decisions and assists you in improving performance in your school.

Our Bursar Service provides an enhanced financial service, enabling schools to fulfil the management responsibilities of a delegated budget.

Effective Resource Management

Varying levels of finance support designed to ensure you make the most of available resources. Whether you want telephone support on routine matters, timely advice on statutory reporting from our finance specialists, or onsite support with accounting, benchmarking and analysis, our service packages will relieve the burden of financial management and enable you to focus on teaching and learning.

We can also provide you with experienced staff when you face a temporary absence of your financial administrator and assist you in recruitment and selection processes for posts that have a responsibility for school finances.

Supporting your systems and processes

Monthly balancing of the schools’ finance system and the Local Authority’s accounting system.

•  Auditing of School Funds / unofficial funds

•  Assistance in reviewing the Schools Financial Value Standard self-assessment

•  Project consultancy and advice

Academy Finance and Business Support

The Academies Finance Service provides a range of support essential to the short-term and long-term success of both new and existing academies.  Services include:
 
  • Finance Director (FD) and Chief Financial Officer (CFO) interim support and cover
  • Mentoring and training newly appointed FD/CFO/AO
  • Preparation of monthly reporting for Trust/MAT in compliance with the Academies Financial Handbook
  • Budget planning and monitoring
  • Preparation and detailed review of Trusts financial procedures and policies
  • Finance support to individual academies within the Trust, to assist with the maintenance of accurate accounting records
  • Conversion support for new Academy Trusts and schools joining an existing MAT
  • Due Diligence support
  • Trust year-end consolidated audit pack and support with audit
  • Assistance with the preparation of statutory annual returns, BFRO, BFR, and Statutory Accounts
  • Internal audit (RO)
  • S4S offer a comprehensive training programme aimed at all members of school and academy staff and governors involved in school/Trust finance
  • Our Procurement assistance will help you meet efficiency targets and ensure that you are able to obtain goods and services that provide value for money. We provide you with essential advice on available contracts, consortia agreements, supplier sourcing and support with the tender process
  • Integrated Curriculum Financial Planning – working with our ICFP tool to assist your trust to develop or implement a consistent and effective approach to ICFP process