Budget Forecast – Academies
3rd July 2018
The 2018/19 online form is now available for Academy Trusts to begin preparing their budget forecast return (BFR) for the upcoming academic year. Please note that for Multi Academy Trusts one form must be completed (the same as last year) and therefore each academy within the trust’s figures must be consolidated.
This year the BFR will ask trusts to provide 3 year forecast data. General guidance and the guide to completing the form can be accessed here.
The BFR must be submitted to the ESFA by the 30th July. If you require assistance with the preparation of the return, please get in touch with us.
The Academies Accounts Direction 2017 to 2018 was released on 6th June, and an overview of the changes can be found on our website.
Previously, Forrester Boyd have held an annual academies event in June which provided trusts with an update of what is going on in the sector and gave them a chance to meet other professionals in the sector.
This year, instead of holding a one off event, we are looking to hold regular breakfast meetings. The first of these are being held in July in Hull and Grimsby.
We will be running through the changes in the Academies Accounts Direction and the Handbook, and also going through any queries you have about the year end audit.
A representative from Eddisons will also be attending to discuss the CIF (Conditional Improvement Funding) grant process and will be available to discuss any queries you may have.
If you are interested in attending these meetings, please contact us for further details.