Annal Nayyar- Academies finance and financial assurance

The dfe have published an updated version of the ‘Academies financial handbook 2013’.

The amendments provide more information on:

• granting a leasehold on land and buildings

• the ‘not for profit’ principles that apply to the supply of goods and services to academy trusts by sponsors and connected parties

• how the delegations and freedoms in the handbook apply when they go beyond those in a trust’s funding agreement

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