Annal Nayyar updates on The Education Funding Agency (EFA) is providing a series of online presentations and webinars to support academies in making their financial returns.

The EFA presentations and webinars will cover: 

  • March accounts returns: how to complete your March accounts returns – for academy trusts that did not prepare financial statements at 31st August 2013 or opened new academies between 1st September 2013 and 31st March 2014.
  • Budget forecasts: how to complete your 2014 to 2015 budget forecast returns – for all academies.
  • Academies financial handbook 2014: an overview of academies’ financial responsibilities and requirements and an update on the key changes from the 2013 edition – for all academies and their auditors.
  • Connected bodies transaction: an overview of the at cost principles – for all academies and their auditors.
  • Academies accounts direction 2014: guidance for preparing the academy trusts financial statements – for all academies and their auditors.
  • Financial statements: feedback from the 2012 to 2013 audited financial statements – for all academies and their auditors.
  • Annual accounts returns: how to complete your annual accounts returns for the 2013 to 2014 academic year – for academies preparing financial statements.

The March accounts return and budget forecast presentations will be available to view or download by the end of April. The next four will be available in July and the last (annual accounts return) in September/October.

 

There is also a series of live EFA webinars: 

    • 15th May 2pm: March accounts returns –  a chance to ask questions on completing your return.
    • 9th June 2pm: Budget forecast returns – a chance to ask questions on completing your return.
    • 15th July 11am: Understanding the academies financial framework, including the academies financial handbook and the accounts direction – for all academies.
    • 15th July 2pm: Understanding the academies financial framework, including lessons learned from the 2012 to 2013 financial statements –  for academy auditors
  • Date to be announced: annual accounts returns.

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