Academy Schools Update: Spring 2015

In our latest update, we summarise some of the best practice approaches to procurement to help you ensure you benefit financially from having effective processes in place and achieve the necessary compliance. A number of our clients have been asking questions in relation to reserves, so we have included an article which sets out some of the key considerations of achieving an adequate reserves policy and of appropriate levels of unrestricted reserves. We also touch on key performance indicators and give some examples of potential indicators that you could use. Finally, with the significant increase in multi-academy trusts (MATs) in the last year, and the DfE's push towards them, we briefly highlight their structure and some pros and cons of joining or forming one.