Monthly Archives: September 2021

Administration 91: Updated – Integrated Curriculum Financial Planning (ICFP) Tool

The ICFP (Integrated Curriculum Financial Planning) tool for Primary & Secondary Schools has been updated and now includes a formal layout to enable schools/federations to complete their class structure. If you are completing a FIPS (Financial Intervention Panel for Schools) …

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Governance & Compliance 72: VAT Temporary Reduced Rate Increase to 12.5% From 01/10/2021

From 1st October 2021, VAT chargeable on supplies of holiday accommodation and hospitality /catering (i.e. the sale of food and non-alcoholic beverages for consumption on the premises) will be temporarily changed to 12.5%. This rate will apply for 6 months, …

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Funding 61: Consultation – Schools Funding Arrangements 2022-23

In 2022-23, as in previous years, the local authority will continue to set a local schools funding formula, in consultation with its schools, under what is known as a ‘soft’ National Funding Formula (NFF).  The government are currently seeking views …

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Administration 90: Reminder – Schools Mutual Fund Coverage relating to the Covid-19 Pandemic

Covid-19 Cover

This is a reminder to our Schools Mutual Fund members that the fund allows for Covid-19 related claims, including the following:

Covid – Self Isolation

Covid – Shielding

Covid – Positive Case

Covid – Long Covid Symptoms

In …

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Administration 89: On-Line Income Processing When Transaction Charges Taken At Source

On-Line Income Processing When Transaction Charges Taken At Source

When transaction charges are deducted from income before it is paid to the school the following process should be followed:-

1. Print off the transaction listing which shows the gross income

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General 169: Schools’ Business Rates and Call for Maintained Schools to Register Multi-Use sites

The ESFA has published the government response following their consultation on centralising the payment of business rates.

The ESFA will cover additional rates costs associated with additional buildings on a school site which are used to deliver education for …

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General 167: Academy Claims Processing Issue – End of Month CLASS Run August 2021

The team are currently investigating an issue with the Academy Claims file from the latest CLASS Batch. On this basis, there will be a delay to payment of these claims while the issue is investigated. Payment details have already been …

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