Academy updates Spring 2018
Spring 2018 governance update Griffin summarise some of the more impactful announcements affecting academies. Multi Academy Trusts paying their CEO more than £150,000 asked to justify the salary Eileen Milner, the Chief Executive of the ESFA, has written to the chairs of all Multi Academy Trusts paying their CEO, or any other staff member [...]
Key changes: Academies Financial Handbook 2017
Key changes: Academies Financial Handbook 2017 The Academies Financial Handbook 2017 (AFH) applies from September 2017. We’ve summarised the key changes below. The ESFA have updated the new handbook to give more guidance on the roles of members and trustees. They have also included stronger emphasis on having significant separation between the roles. [...]
Academies Accounts Direction 2017
Academies Accounts Direction 2017 This year’s Academies Accounts Direction (AAD) was released by the ESFA on 12 June 2017. There are few changes this year, with the only significant one being in relation to church schools where their land & buildings are owned by the Diocese. A full version of the Academies Accounts [...]
Fraud risk in academy schools
Fraud and academy schools Fraud has become a key area of concern for academy schools and the Education Funding Agency (EFA) has recently published a guide to help trusts reduce their exposure (link later in the article). We discuss some of the high profile frauds that have become public as well as [...]
Academies Accounts Direction 2016
Key changes: Academies Accounts Direction 2016 The majority of changes in this year’s Accounts Direction come about due to the introduction of new accounting standards, specifically FRS 102 and the Charities SORP 2015. These are mainly in relation to disclosures and have very little impact on the main figures themselves. The key differences this [...]
The budget and Academy schools
The 2016 budget and academy schools All schools to be academies by 2020 Undoubtedly the headline announcement affecting schools is that every school will be an academy by 2020, or have an order in place to convert before 2022. Whilst many in the sector have been predicting this announcement for some time, the [...]
£80m boost for SEND funding
£80m boost for SEND funding Minister Edward Timpson recently announced an £80 million boost to council and support charity funding. The funding includes: £35.8 million in implementation funding for local authorities in 2016 to 2017 £27.3 million for the Family Fund Trust in 2016 to 2017 to support low income families with disabled [...]
Upcoming Academy deadlines
Upcoming Academy deadlines 16 December 2015 Condition Improvement Fund (CIF) applications for 2016/17 31 December 2015 Submission of audited accounts to the EFA 31 January 2016 Submission of Academies Accounts Return 31 January 2016 [...]
Sixth Form Colleges to become academies?
Sixth Form Colleges to become academies? The landscape of the academy sector has shifted with the announcement that sixth form colleges will be allowed to convert to academy status. This will have a wide reaching impact on the academy and FE sectors, both in terms of their education provision, but also fundamentally changing how [...]
