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News – 18.11.24

International Men's Day - breaking the silence around men's mental health

International Men's Day - breaking the silence around men's mental health … Read more

Insight – 20.11.24

A change in US Presidency: How might it affect your finances?

In this article, we explore the potential economic and financial impacts of Donald Trump's return to power. … Read more

Upcoming event – 10.12.24

Funding innovation in the technology sector: Are the government doing enough?

Join us for an exclusive roundtable breakfast to explore the question of whether the government are doing enough to support innovation in the technology sector. … Read more

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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…

Funding innovation in the technology sector: Are the government doing enough?
Join us for an exclusive roundtable breakfast to explore the question of whether the government are doing enough to… Read more

18 November 2024
Buzzacott advises Totara Learning (Europe) Limited on its acquisitions of Chambury Consulting Ltd and Think Associates Ltd
Learn how Buzzacott advised Totara Learning (Europe) Limited on its acquisitions of Chambury Consulting Ltd and Think… Read more

20 November 2024
A change in US Presidency: How might it affect your finances?
In this article, we explore the potential economic and financial impacts of Donald Trump's return to power.… Read more

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