Academy News - November 2016

New guidance has been released which is intended for those Academies that are considering becoming multi-academy trusts (MAT).

The August accounts return is expected to be issued in Mid November. The delay may have been caused by the creation of a new online form which is hoped will simplify and speed up the process for completing and submitting your financial returns long term.

Peter Lauener, chief executive of the Education Funding Agency has written a letter to all accounting officers reflecting on the accounting officer's key responsibilities and highlighting important financial management and governance issues.

The 2016 edition of this handbook sets out the financial management, control and reporting requirements that apply to all Academy Trusts.

All Academy Trusts must use the Academies Accounts Direction 2015 to 2016 when preparing their financial statements for the period ending 31 August 2016.

From Spring 2017, the way in which apprenticeships are funded by the government is changing. All UK employers with a pay bill over £3m will be required to make an investment in apprenticeships.

A free guide has been released to help academies and charities protect themselves against fraudulent activity.

From April 2016, all incorporated charities must keep a new statutory register of people with significant control also known as a PSC register.