Finance

The Elements finance team, led by the Chief Financial Officer (CFO) provides professional support to school business managers, headteachers and administration staff which will enable them to plan and manage their budgets effectively and to ensure compliance with good financial practice. The team will work with each academy to achieve effective financial management and assurance in governance, leadership and management.

Elements Diocesan Learning Trust academies will receive:

  • Strategic financial support from a central finance function
  • Support for all financial, back office and business functions
  • Provision of financial handbook, policy setting and liaison with the ESFA
  • Bespoke financial package
  • Annual finance software licence
  • Training and support for all academy Business managers / Finance Administrators
  • Budget setting
  • Production of monthly management accounts
  • Procurement, best value and contract negotiation
  • Support with applications for additional grants and funding opportunities
  • The administration of the Teachers’ Pension Scheme and Local Government Pension Scheme including annual certificates and audit administration
  • Preparation and audit of annual accounts
  • Regularity audit
  • Completion and submission of all reports required by DfE and EFA
  • Ensure compliance to the Academies Trust Handbook and accounts direction
  • School business management forum

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