Following the introduction of a new UK financial reporting framework, all higher education institutions will be required to prepare their financial statements under Financial Reporting Standard 102 for the year ended 31 July 2016. In addition, a new Education SORP has been introduced to give additional and specific guidance for the education sector.
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Latest News & Events
More than 700 data breaches at schools and academies reported in just the last year
703 data breach incidents at UK academies and other schools were reported to the Information Commissioners Office (ICO) in 2016/17, rising 4% from 674 the previous year*, our research shows.
Schools are particularly at risk of being targeted by fraudsters
Academies Financial Handbook 2018 Update
The Academies Financial Handbook is updated annually by the Education and Skills Funding Agency (ESFA). The latest version of the handbook was issued on 13 June 2018 for all academies for the accounting year commencing 1 September 2018, and can be found here.
Government confirms commitment to National Funding Formula
The new Education Secretary, Justine Greening, has today delivered a Written Statement to Parliament announcing her commitment to introducing fairer funding for schools, high needs and early years.
Academies Financial Handbook 2018
Academies Financial Handbook 2018 – our summary of the key changes trustees and finance staff need to be aware of.
Academies Accounts Direction 2017 to 2018
Academies Accounts Direction 2017 to 2018 – our summary of the key changes trustees and finance staff need to be aware of.
2018 academies benchmarking report
We have produced our sixth benchmarking report for academies, covering academies across England and Wales. It is developed to summarise the current academy sector trends and to allow you to benchmark the performance of your school against others.