Academy Finance eBook available for download
This e-book - titled Top 5 Finance Considerations when transitioning to academy or multi-academy status - is aimed at head teachers and school leaders who are considering becoming an academy or part of a multiacademy trust (MAT).
Whilst academies are responsible for their own financial management, they are subject to public standards of accountability and have to comply with both charity law, and the basic financial management, control and reporting requirements set out in the government’s Academies Financial Handbook – all of which means additional responsibility and workload.
A school’s finances and systems will be thoroughly scrutinised as part of the academy application process and therefore it is an important element to get right from the start.
After helping over 200 schools make the transition to academy or MAT status we have put together this finance guide to provide an overview and reference tool when deciding to convert to academy status.