Bursar’s Review Spring 2020.

Out of all the articles in this issue of the Bursar’s Review, we have agged up some of the most important topics for your ‘to do’ list. De nitely don’t miss Guy Biggin’s advice on page 8, which will help your school survive and even thrive in the years ahead. 5 TheOfficialMagazineof the ISBA Spring 2020 The Bursar’s Review Spring 2020 A NEW DECADE: HOW TO GUARD AGAINST BOTH UNFORESEEN AND EXPECTED RISKS Page 8 Managinggenderpaygap reporting,equalpayand teachers’pensions Page 52 Toreceivegovernment fundingunder theRHI schoolsshouldact fast Page 12 Spring2020_COVER.indd 1 28/01/2020 12:25 @the_isba Spring 2020 Check List 56 12 The Renewable Heat Incentive Apply for a tariff guarantee to secure a tariff rate The scheme is only open for new applications for new installations until 31st March 2021 18 Reducing your school waste Better segregation of waste improves recycling rates You can phase out single use plastics 22 Holiday pay for part-year workers VMTs are challenging the method of calculating holiday pay Make sure you are up to speed with calculating holiday when it changes this April 44 Monitoring the effectiveness of your governing board Encourage your board to challenge its own strengths and weaknesses Get your board to constructively challenge the senior leadership team 52 Managing gender pay gap reporting More equal pay claims are being brought by individuals and through class actions Benchmark pay and reward annually 56 Don’t let your school become a victim of fraud Fraud attacks are becoming more frequent and more sophisticated Always verify changes to financial arrangements with a supplier directly TOP TIPS As we enter a new decade, Guy Biggin discusses the risks that independent schools are facing, such as a potential increase in fees, TPS pressures, then perhaps the removal of business rates relief. He offers some strategies you might need to consider to ensure that your school will survive and thrive. PAGE 8