Deloitte was proud to support University Alliance in the production of their report ‘Closing the Gap’ which examined how university can enhance social mobility.
Julie spoke at the launch event. Her latest blog captures her thoughts.
|The Further and Higher Education SORP Board has published a revised Statement of Recommended Practice (SORP) setting out proposals for accounting for further and higher education institutions in the UK. The final SORP is effective for accounting periods beginning on or after 1 January 2015, with 1 August 2014 being the transition date for opening balance sheet IFRS comparatives. For further information about the changes proposed please see our technical briefing or contact David Hall on 01159 360798.|
|At Deloitte we understand the value that education and training has in underpinning the life chances of young people. We have deep expertise and relationships across the education system from government to schools, colleges, and universities, in the UK and internationally, across the public, for profit and the charities sector. Read more|
Across the Globe, education plays an important role in supporting economic prosperity for individuals, companies and countries.
In the UK it is estimated that the higher education sector contributes over £60bn to the economy and is vital to the economic success of the communities it serves. At school level, the Coalition Government is focusing its attention on an ambitious programme of reform to transform the school system, recognising the importance of local accountability, parental choice and market forces.
In further education, collaborative working and competition are relatively well-established, while the blurring of public and private sector constitutes ongoing challenges and opportunities for this part of the education system. New models of delivery, new technology solutions offering access to learning, are changing the way government, business and individuals engage. Private sector investment right across the system in the UK and overseas is growing.
Our strategic and operational expertise has been employed across the education system on projects ranging from policy development and strategy support to improving organisational performance and reducing costs in universities. We support the strategic and operational needs of a variety of public and private sector clients.
We provide services to both providers and government departments including the Department for Education and the Department for Education and Learning Northern Ireland. We also work with arms length organisations such as the Learning and Skills Improvement Service and strategic bodies such as Student Loans Company, Universities UK and the UK Commission for Employment and Services.
The previous experience of many of our team as teachers or lecturers helps to explain our deep rooted understanding of the education sector, with a wealth of knowledge in Further Education Colleges, Universities, Schools and Central Government. We continue to support Ingeus, the UK’s largest Welfare to Work provider, on a range of strategic and operational issues. Our extensive skill set and networks means we can support the most challenging education and skills related projects.
As part of our agenda of Corporate Social Responsibility, we contribute our resources to support Teach First, the Deloitte Employability, Deloitte 21 and our relationship with the Education Employers Taskforce.
Sustainable operational and financial improvement
Reducing costs and maximising income within a changing policy landscape and complex regulatory framework requires innovative thinking. We are working with our clients to understand the cost base, build new operating models and put in place structures, processes and governance that will ensure long term sustainability and improve outcomes.
Data management and data analytics
Several inputs may affect school performance, including per pupil spending, the socio-economic status of pupils and class size. Deloitte Analytics provides support to better understand the determinants of student sentiment, retention and progression. This will facilitate more informed decisions regarding the targeting of investment, services and marketing.
School Improvement and Project management for Free schools, UTCs and Academies
The DfE has appointed Deloitte to provide project management support to free schools, University Technology Colleges and academies.. We have developed a tailored School in a Box approach to help parent groups, head teachers, local authorities and academy trusts improve education standards. Our extensive experience in business and education has been applied to the creation of a leadership development programme to support head teachers towards becoming more effective leaders.
Deloitte can also enhance your commercial opportunities by exploring growth strategies, joint venture opportunities and assisting in commercial negotiations, raising finance and financial modelling.
Estates strategy and planning
Deloitte Real Estate (DRE) provides a full range of professional property advice to all parts of the education sector. For example, we have developed estates master planning and accommodation strategies which incorporate advice on:
Following the Browne review, DRE is focussed on supporting core and emerging academic activities; assisting clients to be much more cost efficient with their estates; providing advice on how to really enhance the “student experience”; as well as leveraging additional capital funding and partnering opportunities.
The team advises schools, FE colleges, and over 40 per cent of UK higher education institutions on the tax consequences of issues such as:
We have developed a market leading VAT Cost Savings Review specifically for the education sector. This can be employed to generate sustainable savings and contribute to the financing of future projects.
Internal and External Audit
Our extensive capabilities provide national coverage in both internal and external audit. We have in depth experience in the application of IFRS within both the private and public sector. We also enjoy a close working relationship with British University Finance Directors Group (BUFDG) and have experience in the reporting of student information to HEFCE. This knowledge makes us ideally suited to provide the support you require to enable an effective transition.
||Higher education finance directors survey
This is our first higher education sector survey which aims to canvass the views of Directors of Finance, CFO’s and those with a senior view of the financial operations of their institutions.
|Determined, realistic and focused
Provides analysis of the pressures, challenges and priorities on our local public services. Deloitte commissioned Ipsos MORI to capture the attitudes of the people who run them.
|Making the grade
A study of the top 10 issues facing higher education institutions.
|Protecting Government: Due diligence services for free schools and academies
Deloitte has worked with the DfE to design the free schools due diligence progress and build in house capability.
|The role of local authorities in education
Local authorities can play an important role in supporting the free schools and academies programme.