From DfE: Minutes from Academies Finance and Assurance Steering Group (11 February 2014)
Issues discussed:
1. Financial Management and Governance Self-Assessment (FMGS)
2. 'Peter (Newson) concluded his presentation and the group discussed in more detail some issues
around capital as this appears to be where the ATs had most queries.'
3. 91% (financial statements) had been received by this date which is an improvement from last year where 87%
had been received on time.
4. Disclosure of management recharge in multi-academy trusts (MATs)
5. Related Party Transactions
An assessment of the highlights (7 April post) from accounting firm Reeves.
Academy representatives on the steering group:
Adrian Bowater Walsall Academy
Amanda Rawson The Greetland Academy
Andrew Dodd NASBM
Chris Crowther Unity Academy
Chris Hutton City of London Academy & FD Forum
Ian May Baker Dearing Educational Trust
Julie Evans Martham Primary and Nursery
Margo Muris Alec Reed Academy
Mike White Bartley Green School
Steve Lester St Peter’s Catholic High School
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