EFA Reporting

Academies have a number of EFA reporting requirements. As sector specialists, our Academy Accountants have experience of preparing these EFA returns and ensure our clients file all returns before the due date.

March Accounts Return

Due date for filing: 31 May

The March Accounts Return is only required for new academies which fall into one of the following two categories:

  • Academy trusts with academies open at 31 March that did not prepare audited accounts at 31 August the previous year are required to prepare a March Accounts Return.
  • Multi academy trusts that did prepare audited accounts at 31 August the previous year, but have new academies that joined between 1 September and 31 March.

We can prepare this return on your behalf and ensure all necessary information is provided in the appropriate format.

Budget Forecast

Due date for filing: 31 July

Academy trusts must monitor and manage their own budgets to ensure effective financial oversight of public funds. The EFA reviews academy trusts’ budget projections and actual results to assess financial health and to ensure the estimates of the future funding requirements for academies are accurate. In order to do this, the EFA requires all academy trust to submit annual budget forecast forms, providing the expected outturn for the year and forecasts for the following year.

We can prepare this return on your behalf and ensure all necessary information is provided in the appropriate format.

Annual Accounts Return

Due date for filing: 31 January

The EFA releases a new Accounts Return template annually in June. Academy trusts need to obtain from their external auditors an assurance report on the preparation of the accounts return. We can either prepare the return on your behalf or simply provide an independent assurance report on a return you have completed yourself.

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