Academies Financial Handbook 2018: a summary of the key changes
The Education and Skills Funding Agency (ESFA) has released the new Academies Financial Handbook, effective from 1 September 2017. It sets out the principles of financial governance and management for all academy trusts, reflecting their status as companies, charities and public bodies.
There are no significant changes within this edition, but there continues to be an emphasis on achieving financial effectiveness through improvements to governance. This is highlighted in the forward, where Lord Nash highlights the importance of boards reviewing and refreshing their skills and knowledge.
Our factsheet provides a summary of the key changes, to download please click the button below.