So, what has changed from the edition? The changes range from reminders to existing areas that the ESFA are keen on improving to new ones which will help improve governance in trusts.
Once again, the ESFA has helpfully summarised the changes page 9 so that they can be easily identified. Below Kreston Reeves have looked at these changes and highlighted the key changes that will have more of an impact upon academy trusts.
Members fall under the spotlight and trusts must ensure existing members are not currently subject to a direction made under section of the Education and Skills Act and that any due to be appointed are not subject to a direction either para 1. The debate regarding parent trustees has been around for some time. There are some trusts mainly multi-academy trusts which tend to not have any parental representation on the trust board. There are pros and cons to this depending how you see it.
So, for single-academy trusts, they should have at least two places for parents on the trust board. For multi-academy trusts they should follow the same rule or have two places on each local governing body where established para 1. The Handbook also reminds trusts of their obligations regarding safeguarding, health and safety and estates management para 1.
Key change! The Department has a strong preference that no employees serve as trustees — this is also widely shared by many governance organisations such as the NGA para 1.
Therefore, if your trust appoints a new accounting officer post 1 March , you ensure the Articles are reviewed and the Members are involved in any appointment process. This should be clearly minuted. In addition, when an accounting officer departs a trust, the board should approach their Regional Schools Commissioner RSC in advance to discuss options and structures for the recruitment process.
Governance reviews are clearly an area the ESFA feel need to be improved. The ESFA now stress that an external review is more powerful than self-evaluation especially in times of change e.
The handbook indicates a strong preference to this para 1. We also use cookies set by other sites to help us deliver content from their services. You can change your cookie settings at any time. A handbook issued by EFA, setting out academies' financial requirements for the period beginning 1 September and ending 31 August The edition of the Academies Financial Handbook is no longer in effect.
Please refer to the latest version of the Academies Financial Handbook. PDF , KB , 4 pages. The Academies Financial Handbook was effective for accounting periods beginning 1 September and ending 31 August It was superseded on 1 September by the Academies Financial Handbook , and is no longer in effect. Please refer to the latest edition of the handbook. The supporting fact sheet is a brief guide to help academy trusts and auditors understand the changes made to the handbook in Members must remain informed about Trust business.
Trusts must appoint a clerk to the board. Trust must keep their register of business interest up-to-date. Removal of the option for the external auditor to carry out internal audit. Ensure that Members, Trustees and key management have been made aware of the relevant changes. Contact us. Darren Rigden. Read Darren's full CV.
Related services. Independent schools and academies.
0コメント