CIPFA offers a range of consultancy support and tailored services to multi-academy trusts. Our support to trusts’ directors, governors and management is designed to help academies with the challenges they face in ensuring sound financial management and governance – and help achieve their development aims.
Funding for pupils at academies in real terms is reducing, but trusts are experiencing significant increases in costs. Therefore, effective and proactive financial management is essential for academy trusts if they are to balance budgets.
Managing finances needs to be a whole-of-organisation function with the board, governors, CEOs/principals and senior leadership teams all having a key role to play. This can require a change in both culture and behaviour.
In the face of funding constraints, alongside increasing demands on education provision, many academies are forming multi-academy trusts (MATs), or working in collaboration, to ensure they share best practice and are viable in the future. These structures can be complex and need robust financial management and governance.
However, CIPFA can help you with the business of managing an academy or MAT, from our consultancy service through to our Academies Hub and the insight of CIPFA Thinks. We offer full support and guidance to single academies and MATs.
We can help you:
If you are looking for further help then we also offer more specialised consultancy services and other support for the academies sector. Find out more here about PFI, asset management and anti-corruption health checks for your sector.
CIPFA has a team of finance and academy professionals offering additional experience and capacity to single and multi-academy trusts. Depending on their needs, our expertise includes education experts, change specialists, project managers, lawyers, IT professionals, school business mangers and CIPFA finance specialists.
Our team of experts can help your academy, which might be endeavouring to balance budgets or find out how to join multi-academy trusts. These first steps are important for every academy that wants to safeguard against poor financial management and the risks caused by budget cuts.
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