logo-education
0370 270 6000

already registered?

Please sign in with your existing account details.

Sign in with LinkedIn

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

Register with LinkedIn

Forgotten your password?

Browne Jacobson home arrow Home arrow Insights arrow Blogs arrow LAs to have more time to calculate academy surpluses?

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

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

Be wary of events post-dating the presentation of an Employment Tribunal claim

In Sakyi-Opare v Albert Kennedy Trust, the EAT held that an Employment Tribunal erred in deciding a claim was out of time because it did not first consider the claimant’s application to amend her claim, which included events that post-dated her claim.

View blog

A level results: what this means for schools and higher education?

This year’s A Level results have been a resounding success and demonstrate the commitment and resilience of students, schools and school staff during these unprecedented times. However, there will inevitably be some students who are disappointed with the teacher assessed grade.

View blog

Does the move into Step 4 mean the ending of Covid-19 restrictions within schools?

With the Prime Ministers announcement that he intends for Step 4 to begin on 19 July, this will also bring an end to the restrictions currently in place on education settings.

View blog

View all blogs

Mailing list sign up

Select which mailings you would like to receive from us.

Sign up

Information

  1. bab
  2. Investors in people
  3. Lexcel
  5. Plain English Campaign Approved

Follow us...

© Copyright Browne Jacobson LLP 2021 - All rights reserved