Finance and Business. The DMAT finance team offers professional support to enable academies to plan and manage their budgets effectively, and to ensure compliance with good financial practice. The team will work with academies to achieve effective financial management and assurance in governance, leadership and management. DMAT academies will receive support with: • Strategic finance support from a central finance function • Support of all financial, back office and business support functions • Provision of financial handbook, policy setting and liaison with the EFA • Bespoke financial package and set up of bank account • Annual finance software licences • Training and support • Budget setting software • 1 – 3 yearbudget preparation and management support • Budget monitoring • Procurement, best value and contract negotiation • Updates on changes to national pay scales, National Insuranceetc. • Support with applications for additional grants and funding opportunities • Management of all month end procedures and submissions e.g. VAT returns • Preparation of monthly management accounts, if required by the school • Regular budget meetings with the headteacher, LGB, MAT and WDAT • LGPS and TPS support including annual certificates and audit administration • Preparation and audit of annual accounts • Regularity audit • Preparation and submission of the SORP - charity accounts • Completion and submission of all reports required by DfE and EFA • Ensure compliance to the academies handbook and accounts direction • School business management forum It is recognised that schools in the Diocese of Worcester may have signed alternative Finance Service Level Agreements. In those cases, the service provided by the DMAT to the academy will be refined to suit the agreement and the services being provided.
Finance and Business. The LDST finance team offers professional support to enable schools to plan and manage their budgets effectively, and to ensure compliance with good financial practice. The team will work with schools to achieve effective financial management and assurance in governance, leadership and management. LDST schools will receive: • strategic financial guidance from a qualified chartered accountant and a central finance function • support for financial, back office and business support functions • provision of financial handbook, policy setting and liaison with the ESFA • support in setting up XXXX FMS accountancy package • guidance in setting up bank accounts and use of a bank charge card • annual finance software licences • training and support • budget setting software • 1-3 year budget preparation and management support • budget monitoring support • procurement, best value and contract negotiation advice and guidance • support with applications for additional grants and funding opportunities • management support for all month end procedures and submissions e.g. VAT returns • support in preparing monthly management accounts • regular budgetary support through meetings with the headteacher and LGB, • a preparation service and audit of annual accounts • a regularity audit • a preparation service and submission of the SORP - charity accounts • completion and submission of all reports required by DfE and ESFA • compliance to the academies handbook and accounts direction • participation in school business management forum
