Academies financial handbook

learn more about the role of a non-executive director/ chair | learn more about academy finances

This revised handbook (2020) sets out the financial framework for academy trusts, reflecting their status as companies, charities and public bodies. A must read for all trustees, non-executive directors and Chairs. 

Resources for business leaders›learn more about the role of a non-executive director/ chair
Resources for non-executive directors›learn more about academy finances

The guide is aimed at academy members, governors, accounting officers, chief financial officers and auditors. It is split into nine parts:

  • Roles and responsibilities 
  • Main financial requirements
  • Internal scrutiny
  • Annual accounts and external audit
  • Delegated authorities
  • The regulator and intervention
  • Definitions
  • Schedule of requirements (the musts)
  • Further reading

This version directly addresses some of the changes due to the COVID-19 pandemic, including:

  • An extension to the deadline for submitting financial statements to ESFA for the year ending 31 August 2020 (extended to 31st January 2021).
  • An extension to the deadline for publishing financial statements on the trust’s website for the year ending 31 August 2020 (extended to 28th February 2021).
  • An extension to the deadline for submitting the trust’s annual internal scrutiny report (extended to 31st January 2021).
     

Click here to access the Academies Financial Handbook 2020.

<< Click here to see more resources