Reserves

How Northern Education Trust transformed its banking to generate extra income of over £1 million

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Diva Nair, Associate Director of Finance at Northern Education Trust, shares how a simple change to the trust's banking arrangements transformed their annual interest income from tens of thousands to more than a million pounds and explains how other schools …

Smart banking: How one trust generated nearly three teachers' worth of additional funding

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Louise Davy, Chief Financial Officer at South East Essex Academy Trust (SEEAT), shares how strategic banking changes delivered around £200,000 in additional income.  We had a system that had worked well enough in the past – but recognised times were …

One question from a trustee changed everything about how we manage our finances  

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Stock image depicting financial services accompanied by a quote from Shaukat Islam, CEO and Executive Headteacher, Inspire Education Community Trust, which reads: I I know change feels risky. I felt nervous too. But the DfE has approved this route. The setup is simple, the security is robust, and the returns are real."

Shaukat Islam, CEO and Executive Headteacher, Inspire Education Community Trust, Birmingham, shares how a DfE-approved savings platform transformed how the trust maximises returns on its reserves.  Like most school leaders, I'm cautious with public money. When I first heard about …