primary & secondary education Training

Effective Financial Governance as an Academy Trustee

primary & secondary education Training

09:15 - 15:45

Wednesday 27 November 2019

Central London

For a limited time we are offering 10% discounts for the first 8 delegates on the course. To take advantage of this discount, enter code SV4EH4F when completing your booking.

For any Academy Trust to be a success and to achieve its aims of delivering outstanding education for all it is essential that the trustees and governing board maintains a robust system of effective financial oversight and management whilst holding the executive leadership team to account. This can only be achieved if trustees are fully aware of the requirements of their role in an Academy Trust and how they can best realise their responsibilities when it comes to financial oversight to deliver the best outcomes for pupils.

This training course will provide Academy Trustees with an opportunity to review their financial responsibilities in a Single and Multi Academy Trust setting and enable you to establish effective financial management and oversight. With the support of an expert trainer you will learn what constitutes good financial governance, what are the financial obligations trustees have to follow and understand the hugely positive impact effective trustees can have on an academies finances.

Learning Objectives:
  • Understand in detail the financial responsibilities of a trustee in an academy setting and how to use these to ensure effective financial management
  • Learn how you can effectively monitor expenditure and prioritise academy spending on planned and proposed projects
  • Understand how to manage and reduce the financial risk of your institution through making the best use of government funding
  • Take away key insights on the kinds of fraud that can affect an educational institution and what can you do to minimise the risk of fraud

Susan Fielden, School Finance Specialist, Confederation of School Trusts

Phillip Reynolds, Senior Manager, Audit and Assurance and Academies and Education, Kreston Reeves


View the agenda and additional speakers
Susan Fielden

School Finance Specialist, Confederation of School Trusts

Susan is a qualified accountant with over 25-years’ experience working with schools and education leaders. After many years as strategic finance lead for education and children’s services in Somerset she joined the DfE to work on national funding policy for schools.

Susan established Effervesce during 2016 so that she could work with individual schools to improve the cost-effective use of resources for children.She continues to work with the DfE on school funding and resource management and is a consultant for both the Association of School and College Leaders and the Confederation of School Trusts.




Trainer’s Welcome & Clarification of Learning Objectives

Susan Fielden, School Finance Specialist, Confederation of School Trusts (CONFIRMED)


Integrating curriculum and financial planning at a strategic governance level

  • Bringing an integrated and strategic approach to budget planning
  • Understanding the key ICFP metrics and how to interpret and benchmark them
  • Recognising the potential pitfalls and knowing how to avoid them

Susan Fielden, School Finance Specialist, Confederation of School Trusts (CONFIRMED)


Morning Break


Monitoring Expenditure and Implementing Effective Financial Controls

  • Overseeing performance against the budget outlined at the start of the year to ensure that the expenditure does not exceed the agreed financial limits
  • Understanding the financial cycle and the legal requirements of the school on accountability and spend
  • Establishing and monitoring policies, particularly on related party transactions, contracts and executive salaries and expenses

Phillip Reynolds, Senior Manager, Audit and Assurance and Academies and Education, Kreston Reeves (CONFIRMED)




Delivering Effective Financial Management and Oversight - The Role and Responsibilities of Trustees

  • Managing resources responsibly and regularly reviewing the strategic goals of the MAT, both short and long term, to ensure that the necessary finances are available
  • Ensuring that the academy meets all the current and future requirements, regulations and standards associated with FMGS, the Academies Financial Handbook and Audit
  • Knowing Charity Commission Guidance on financial responsibilities of the board, specifically CC3 and CC8
  • Enabling sound financial reporting in order to understand the financial health of the organisation

Hannah Catchpool, Partner, Head of Academies, RSM (invited)


Afternoon Break


Countering and Reducing the Risk of Fraud in an Academy Setting

  • Discussing the types of fraud that can affect educational and wider public sector and associated offenses
  • Putting in place an internal fraud strategy or policy and implementing a ‘zero tolerance’ culture to fraud
  • Establishing whistleblowing procedures and management of concerns
  • Providing an overview of the relevant procedural law that supports fraud prevention
  • Analysing instances of fraud and learning from past experiences

Lisa Forester, Principal Consultant, CIPFA (invited)


Evaluation and Closing Remarks

*Programme subject to change

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In-house Option

We can also run this course for you, at your organisation, at a time and date that suits you. Please email for more info.