Category Archives: Academies

Academies, Academy, Academy Trusts

Academies Financial Handbook 2016 – key changes

Chris Yeates

The Education Funding Agency (EFA) has released the Academies Financial Handbook 2016, which is effective from 1 September 2016.

We consider the Handbook essential reading for trustees, members, accounting officers and chief finance officers/school business managers. Must-reads are Annex B: Schedule of freedoms and delegations and Annex C: Schedules of requirements.

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A summary of key changes in the Academies Accounts Direction

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A summary of key changes in the Academies Accounts Direction
2014 to 2015 (SORP 2005)
 

The Education Funding Agency (EFA) published the Academies Accounts Direction 2014 to 2015 (“The Accounts Direction”) at the end of June 2015. This document guides Academy Trusts and their auditors in the production of their financial statements for the period ending 31 August 2015.

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“Dear Accounting Officer” letter from the EFA to Academies

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The government’s Chief Executive of the Education Funding Agency (‘EFA’), Peter Lauener, has written to all Academies with an update, drawing attention to important points arising from recent work and from the hearings of the Public Accounts Committee. He outlines the requirements of the current financial framework, touching on fraud and irregularity, transactions with connected parties and special payments outside of the usual planned activity of academy trusts.

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