0370 270 6000

Local authorities to have more time to calculate academy surpluses?

3 October 2013

The DfE have released a consultation paper on its rules around the transfer of school surpluses to academies on conversion to academy status. The consultation on the changes lasts for 6 weeks with the new laws being pencilled in to come into effect on 1 January 2014.

Whilst the changes to the Academy Conversions (Transfer of School Surpluses) Regulations are minimal, the new measures proposed include a plan to extend the time a local authority (LA) has to determine the surplus from three to four months. The rights for an academy to appeal the determination have also been restricted.

Such changes could potentially prolong the adverse effect on converted academies’ cashflow as, whilst academies can apply for help, LAs are not compelled to allow academies access to such funds until the accounts are finalised. It is therefore surprising to see that no measures are planned to compel LAs to assist by releasing cash early if academies encounter financial difficulties as a result of the Regulations.

Related opinions

60 seconds with… Emma Hughes

With 19 HR experts now supporting over 500 schools and trusts across the country, in this edition of 60 seconds we sit down with Emma Hughes, who leads the team, to discuss what this significant milestone means to her.

View blog

Fines for unsafe removal of asbestos in schools

In order to reduce the risk of potential breaches, schools should follow this Health and Safety Executive guidance.

View blog

Asbestos: Still the UK’s number one occupational killer

A ResPublica report highlighted that asbestos continues to be the UK’s number one occupational killer, with nurses and teachers 3 to 5 times more likely to develop mesothelioma than the general UK population. The House of Commons Work & Pensions Select Committee is investigating how the HSE manages the continued presence of asbestos in buildings.

View blog

Head of Education, Mark Blois celebrates 25 years of being an education lawyer

Mark Blois, Browne Jacobson’s national Head of Education, is marking a notable anniversary, an incredible 25 years as an education lawyer.

View blog

Mailing list sign up

Select which mailings you would like to receive from us.

Sign up