1. Financial Risk Management Academy Ambassadors Board Development Day
Deborah Harris-Ugbomah BEng ACA
Director, Audit Committee Chairman
The Shared Learning Trust (TSLT) Multi Academy Trust

2. Financial Risk Management
Background
The Shared Learning Trust
Financial Risks
Overview
Themes
Assurances
Management
Audit/ Finance Committee
Board of Directors

3. Financial Risk Management
Background: The Shared Learning Trust (MAT)
The Stockwood Park Academy
11 – 18 Years
Mixed secondary & 6th Form
The Chalk Hills Academy
11 – 18 Years
Mixed secondary & 6th Form
The Vale Academy
4 – 11 Years Mixed
The Linden Academy
4 – 11 Years Mixed
(was ‘Moorlands Free School’
until August 2016)
The Studio School
14 – 18yrs (CLOSED 2015/16)

4. Financial Risk Management

5. Financial Risk Management

6. Financial Risk Management
Financial Risk – Overview
Directors are running a business
…..that aims to have a fundamental and positive impact on the life of every child and family that comes into contact with your institutions
Accounting officer responsiblities
Directors/ Governors responsibilities

7. Financial Risk Management
Financial Risks - Themes
Risks - 4 ‘T’ Approach
Themes
Operational Cost pressures: Pupil numbers
implications for land/ buildings
overhead and marginal costs
2. Employment Costs
Performance related pay
Employee pension responsibilities

8. Financial Risk Management
Financial Risks - Themes
Risks - 4 ‘T’ Approach
Themes
SEN/ Gifted & Talented Support:
Funding SEN shortfall
Provision of stretch activities for G&T
4. Appropriate application of Pupil premium
target disadvantaged pupils
‘subsidy’ for shortfalls elsewhere?

9. Financial Risk Management
Financial Risks - Themes
Risks - 4 ‘T’ Approach
Themes
Effective management of Capital Assets
General ongoing maintainance
Use (and cost) of experts?
Others?
What is your board/ committees approach to gain appropriate and timely assurance?

10. Financial Risk Management
Financial Risks - Themes
Risks - 4 ‘T’ Approach
Themes
Any others?
What is your board/ committees approach to gain appropriate and timely assurance?

11. Financial Risk Management
Financial Risks - Assurances
'intelligence gathering' mechanisms
Balance oversight -v- intelligence gathering
Triangulation?
Walking the Patch? The informal discussions?

12. Financial Risk Management
Financial Risks - Assurances
What is the feel on your board?
Committee or board of directors
Impartial assessment of the financial skills and competencies of the managers and members of the leadership teams in the MAT and schools?
What is the plan to develop skills to enable the roles to be carried out effectively?

13. Financial Risk Management
Thank You!
Linked In:
Tel: