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News – 10.04.24

Form PF: Are you up to speed with the latest developments?

Through this insight we will bring to your attention the main changes in a bitesize manner so that you can stay abreast of the requirements as they may apply to your firm. … Read more

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Why you need to submit your pre-R&D claim notification form now

Failing to submit a pre-notification form could jeopardise your R&D claim. Learn more about this new requirement. … Read more

Upcoming event – 29.04.24

Governance code updates and advice for Further Education colleges from Buzzacott and the ESFA

Join Buzzacott and the ESFA for a governance update for further education colleges … Read more

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enquiries@buzzacott.co.uk T +44 (0)20 7556 1200

Academies Financial Handbook 2019 – What you need to know

The ESFA’s Academies Financial Handbook provides a financial and governance framework, for academy trusts, with handbook compliance being a key clause within every trust’s funding agreement. This year, the handbook focuses on internal scrutiny more than ever before.

It attempts to set out the requirements for effective financial governance and management of funds, so that trusts meet the public standard of accountability while not compromising too much of the financial freedoms which they need over their day-to-day operations. The Handbook covers six main areas which are:

Roles and responsibilities;
Main financial requirements;
Internal scrutiny;
Annual accounts and external audit;
Delegated authorities; and
The regulator and intervention.

Since its inception in 2012 the guidance has been re-issued every year with changes made by the ESFA in response to sector developments and trusts’ experiences. The changes to the 2019 edition, as set out below, reflect the ESFA’s increasing emphasis on the importance of strong financial control and governance. See an extract of the article below:

Get your copy of the guidance by completing the short form below.

You might also be interested in… Academies and schools

Audit, accounting and advisory services for academies and schools

You + Us = More. More support. More advice. More understanding.

Over the years, our academy specialists have helped over 100 clients at every level – from stand-alone primary and secondary schools to national multi-academy trusts. So, you can rely on our help to satisfy governance, financial and HR requirements all year round.

Join forces with our sector experts, and you won’t have to worry about ticking those audit and accounting boxes on time. You’ll also have access to across-the-board training and information, from accounting workshops to technical updates. To top it off, our relationship with the Education and Skills Funding Agency (ESFA) means you’ll stay primed on the latest regulations.

Read more…

Governance code updates and advice for Further Education colleges from Buzzacott and the ESFA
Join Buzzacott and the ESFA for a governance update for further education colleges… Read more

10 April 2024
Form PF: Are you up to speed with the latest developments?
Through this insight we will bring to your attention the main changes in a bitesize manner so that you can stay abreast… Read more

Why you need to submit your pre-R&D claim notification form now
Failing to submit a pre-notification form could jeopardise your R&D claim. Learn more about this new requirement.… Read more

8 April 2024
Thinking of implementing an EMI scheme?
If you're considering implementing an EMI scheme, here is what you need to know… Read more

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