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News – 19.12.24

Buzzacott advises Rose Street Partners on its investment in Kenwood Damp Proofing PLC

Discover how Buzzacott supported Rose Street Partners on its investment in Kenwood Damp Proofing PLC … Read more

Insight – 18.12.24

Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success

One challenge for new hospitality businesses is the management of tips and service charges. … Read more

Upcoming event – 16.01.25

VAT on Private School fees training

This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers, accountants, and trustees with tailored support and expert insights on the practical implementation of VAT. … 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…

VAT on Private School fees training
This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers,… Read more

19 December 2024
Buzzacott advises Rose Street Partners on its investment in Padpilot Limited
The Buzzacott Transaction Services team is delighted to have assisted with Rose Street’s third investment.… Read more

18 December 2024
Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success
One challenge for new hospitality businesses is the management of tips and service charges.… Read more

12 December 2024
Does my payments firm need a safeguarding audit?
Understanding the new safeguarding rules and requirements as presented in CP24/20… Read more

11 December 2024
A practical guide on accounting for share awards
Share and share option awards are an attractive way to incentivise staff. They do however come with associated… Read more

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