The Department for Education has published the 2018 Academies Financial Handbook, which is effective from September. Compliance with this handbook is a requirement, for all academy trusts through their funding agreements with the Secretary of State.
The new handbook contains important information and reflects key changes that academy trusts need to be aware of. Governance continues to be the main theme of changes in the new edition of the handbook, with emphasis on trustees’ focus on academic standards as well as effective financial controls.
This article outlines the key changes in the new handbook specifically from a trustee/director perspective.