Information on timescales and documents to submit to satisfy external audit requirements

March REC1

September REC1

Due 1 April 2021

  • VAT submittal & VAT Full report for March 2021
  • Summary trial balance
  • Bank reconciliation - the LA "REC1" form for March 2021
  • A copy of the bank statement as at 31 March 2021 (We do not require the original statement; a photocopy, scanned copy or internet report is acceptable)
  • Bank history report for March 2021
  • Unreconciled items listing as at 31 March 2021

Due 10 October 2020

  • VAT submittal & VAT Full report for September 2020
  • Summary trial balance7Bank reconciliation - the LA "REC1" form for September 2020
  • A copy of the bank statement as at 30 Sept 2020 (We do not require the original statement; a photocopy, scanned copy or internet report is acceptable)
  • Bank history report for Sept 2020
  • Unreconciled items listing as at 30 September 2020

Evidence of items posted in the following period that have been listed in section A (3 & 4) on the REC1; this evidence should consist of copies of the relevant bank statements with the relevant credits/debits highlighted.

For schools using payroll control code, please ensure copies of invoices are submitted to prove the third party payments

Schools are reminded that the FMS6 reports (Summary trial balance, Bank history and Unreconciled items) should be exported to Excel and e-mailed to Schools Finance Support.

Where a school REC1 remains out of balance we may require the school to continue to submit this information until any discrepancies have been corrected. If the school is still unable to provide a balanced REC1 after two months, a chargeable consultant visit will be required. We recommended that schools attempt to resolve outstanding queries before submitting this information.

Please contact Schools Finance Support if you have any queries

Tel: 0115 8765053
Fax: 0115 8763237
schools.finance@nottinghamcity.gov.uk