Annal Nayyar reports the budget return cycle to teh EFA as All new academy trusts and newly-opened academies joining an existing multi-academy trust must complete and submit a budget forecast return to the Education Funding Agency (EFA).

All new academy trusts and newly-opened academies joining an existing multi-academy trust must complete and submit a budget forecast return to the Education Funding Agency (EFA).

You must do this within 6 weeks of receiving your final funding letter.

This applies to anyone opening an academy or joining a trust on or after 1 April 2013.

We have yet to receive the majority of returns for the 1 April 2013 to 30 June 2013 openers. If you have not yet submitted yours, please email it to academieswga.EFA@education.gsi.gov.uk.

Your budget forecast helps you to assess your academy’s financial health, as well as helping us consolidate academies’ financial results into the DfE budget and ensure you receive the right levels of funding in the future.

Please refer to the guide for new academies to help you complete the return. You can find this on the budget forecast web page

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