The NCEA Trust has a central team of qualified finance professionals with significant experience of working in both the public and private sectors.

Committed to providing high-quality financial management, advice and information to our Trust schools, the team ensures that all of the accounting records for member schools and the MAT are kept accurate and up to date, financial transactions are processed correctly and that our schools comply with the Financial Regulations of the MAT, as well as the Academies Financial Handbook, Company Law and Charity Law and much more.

Responsibilities of the Central Finance Team:

  • Ensure all orders have followed appropriate purchasing procedures
  • Payment of all invoices and staff expenses
  • Maintenance and monitoring of supplier and staff expense databases
  • Query invoices with schools/suppliers
  • Management and maintenance of PS Financials and Orovia Budgeting Software
  • Support and financial advice by the Chief Finance Officer to Principals, Headteachers, Campus Heads and school admin teams to prepare initial and revised budgets
  • Control account reconciliations (including bank reconciliations)
  • Post funding income (e.g. GAG, SEN, Pupil premium)
  • Post direct debits to the appropriate ledger
  • Monthly review of aged creditors
  • Monthly review of VAT reports and submission of VAT 126 return
  • Processing payroll journals and monthly BACS payments for salaries
  • Payment of salary on-costs for each school
  • Year-end processes including accruals, prepayments, deferred/accrued income and depreciation
  • Maintenance of MAT fixed asset register
  • Cash flow forecasting
  • Generation of sales invoices and collection of debtors (in conjunction with schools)
  • Working with schools to embed and monitor controls
  • Provide support to new MAT schools including PSF and BPS support

Our finance services can be tailored to meet your school’s individual needs – please contact us to arrange an initial discussion.