Schools Financial Services Newsletter - October 2021

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10 December, 2021

Schools Financial Services Newsletter - October 2021

We have an entire assortment of school put together money preparing with respect to offer this Autumn expression and into the new year, which is all free to Kent Maintained Schools and accessible to book through CPD Online.



Excitingly, this term we are satisfied to declare our education blog. Ben is the Executive Headteacher at Swalecliffe Primary School and we have been working with Ben on refreshing and redoing our set-up of Senior Leader preparing. The new look courses being held this term are:



21/832 Embedding Finance into your School Improvement Plan



We are likewise running our standard preparing program for finance staff. There is a course reasonable for everybody, regardless of whether you're new to post or experienced in school finance. All of our modified preparing is free to Kent Maintained Schools, however it is additionally accessible to Academies and Medway schools (albeit not everything is pertinent).



16 to 19 educational cost store 2021 to 2021 structure



The EFA have distributed an update for qualified foundations to finish the 16 to 19 educational cost store structure.



The cutoff time for accommodation is 11.59pm on 12 October 2021.



Schools can peruse the direction archive to assist with finishing the structure here.



Instructor Pay Awards September 2021



The School Teacher Pay and Conditions Document (STPCD) has now been distributed on the DfE site. This year there are changes to the Unqualified Pay Scale, including an expansion of £250 for any instructor procuring under £24,000 (non-periphery) or £25,195 (periphery), in addition to new warning compensation focuses. We are currently settling subtleties with KCC and Cantium HR and will in the blink of an eye be conveying a point by point email correspondence to you in regards to BPS.



Intentional Aided (VA) schools



Is it accurate to say that you are another individual from finance staff in a VA school? We have another FMS6 Procedure Note 91 that has been made explicitly for Voluntary Aided Schools to give a fundamental outline of capital financing, the right utilization of Fund 63/Fund 64 and how VAT is represented on capital things. In the event that you would like a duplicate of Procedure Note 91 if it's not too much trouble, call the SFS helpdesk.



In This Issue



SFS Training



New 12.5% VAT rate



16 to 19 educational cost store 2021 to 2021 structure



BPS Next Year Closure for Academies



Educator Pay scale increments



Finance Information Group



Deliberate Aided (VA) Schools



Helpdesk Closure



BPS Budget Monitoring



New 12.5% VAT rate



An update that from 1 October 2021 until 31 March 2021 there will be another VAT pace of 12.5% that applies to specific supplies identifying with neighborliness, lodging and occasion convenience and admission to specific attractions. This is for an impermanent period in particular and will return to the standard pace of 20% from 1 April 2021.



Another FMS Procedure Note, number 93, has been conveyed to has been conveyed to Kent Maintained schools giving directions on the most proficient method to add the new VAT pointers to FMS. The info assessment will be addressed by the letter N (for example VATEN) and yield charge by the number 9. Schools should just utilize the authority VAT markers according to the guidelines and not utilize some other letters/numbers. Assuming you would like a duplicate of Procedure Note 93 if it's not too much trouble, call the SFS helpdesk.



BPS Budget Monitoring



To guarantee your Budget Monitoring is getting the right 'Determined Remaining' figure, ensure that you have set the Budget Monitoring Working Copy as the Current Version. Inability to do this will bring about your checking being wrong.



BPS Next Year Closure for Academies



We have conveyed a correspondence to all institutes instructing regarding the Next Year Closure which is because of happen in BPS on the 25 October 2021, we likewise asked that you advise us by 8 October in case you would like it to be shut before or then again assuming you need an augmentation to the date.



We might likewise want to remind all institutes to save any reports top education blog might require from the current year before the conclusion date.



Finance Information Group



Our Autumn Finance Information Group (FIG) is being held for all intents and purposes on the morning of 20 October 2021. The plan for this was recently circled in a SFS update on 15 September and will be sent around again before the occasion.



Our FIG's are for Finance staff, Office Managers, Bursars and any other person who is an individual from help staff and has finance related obligations. The FIG can be reserved through the typical CPD course.