articles: not-for-profit

ESFA release the Academies Accounts Direction 2017-18

The Education and Skills Funding Agency (ESFA) has published its Academies Accounts Direction (AAD) 2017-18 which is applicable to academy trusts preparing statutory financial statements for the period ending 31 August 2018. Although the changes aren’t as significant as those seen in previous updates, there are still a number of things to consider.

Charity Trustees - It’s a man’s world

During Trustees’ Week the important work that Charity Trustees do has, once again, come under the spotlight. New research – commissioned by the Office for Civil Society and the Charity Commission, and led by Cass Business School and the Cranfield Trust – found that charities need to do more to promote diversity on their Boards to reflect the communities they serve.

Charity Governance Code 2017

Governance has become a hot topic for the charity sector in recent years, in particular since the Kids Company collapse in 2015. In response, the Charity Governance Code has been updated and is aimed at encouraging higher standards of governance and leadership across the sector.

2016/2017 Academies Account Direction

The ESFA has published its Academies Accounts Direction for 2016/17. Although the changes aren’t as significant as last year, there are a number of things to consider. As well as introducing new disclosure requirements, including academy transfers and the apprenticeship levy, and providing guidance on accounting for premises occupied by church academy trusts, the ESFA has taken the opportunity to re-affirm/clarify existing financial administrative and legal requirements.