Academy Trust Financial Returns 2017 to 2018
18th August 2017
The EFSA released the Academies Financial Handbook at the beginning of the month however there have been many other updates in the past month which are also useful for Academy Trusts and are summarised as follows;
Academy trust financial returns 2017 to 2018
Peter Lauener, Chief Executive of the Education and Skills Funding Agency, has written a letter to academy trust accounting officers which sets out all Academy financial returns along with deadlines and can be found here.
It also includes important information about a new return, the land and buildings collection tool, which requires trusts to supply a listing of land and buildings by 31 October 2017. They have published a guide to completing this which can be accessed here, and to help you prepare, they have also published an Excel workbook that shows the information required.
The online form will be available from 1 October 2017 and the deadline for trusts to complete it is 31 October 2017.
2017 to 2018 academy business cycle wall planner
The ESFA have also published the academy business cycle wall planner for the 2017 to 2018 academic year which shows a summary of key dates about ESFA activities that relate to academy funding, finance and trust compliance with their funding agreement.
Get information about schools – new service
The current Edubase system will be replaced later this year by a new system called ‘get information about schools’ a test version of which has been released, linked from the existing Edubase site.
The existing Edubase system will remain active while the replacement service is being tested. The information in the test site will be for test purposes only and you must continue to use the existing service for official activities until further notice.
THE ESFA are advising Academy Trusts to use this period to test and familiarise themselves with the new system. The new site’s news page has instructions to help you provide feedback on your tests.