Understanding School Finances - Thursday 11 June 2026 (Online)

This course is for: Heads and members of Senior Leadership Teams in HMC and other independent schools.

Description

What will you gain by attending?

Gain an understanding of charity accounts
Learn the basics of management accounting and have an insight into what questions to ask
Understand the importance of accurate budgeting, cash flows and forecasting
Learn some of the key terms used in school finance meetings
Discuss current financial challenges facing independent schools

Course Programme

Time	Session
15.30	Welcome and introductions
	The programme for the session will include: Explanation of charities and school accounting Principles of management accounts Reading management accounts Questions to ask Cashflow forecasting Budget setting Current issues facing schools VAT and loss of business rate relief Teachers’ Pensions and alternatives Fee debt Options for schools – different ownership models / mergers Benchmarking Terminology Practical exercises and breakouts Q&A A short refreshment break will be ‘timetabled’
18.30	Close

Speaker Biography:

Nick was a Bursar of 36 years standing, having worked in day, boarding, single-sex and co-educational schools, and he is also a former Chairman of the Independent Schools’ Bursars Association (ISBA), before locking away his slide rule for the last time. He is now Chair of the Galaxy Global education Group, which owns 4 schools in the UK and others overseas, and also undertakes consultancy assignments in the independent sector. He has been Course Director for HMC PD’s Understanding School Finances courses for more than a decade. Nick is based in Anglesey, where he also runs a smallholding and holiday business with his wife, Suzi, a former Headmistress.