The Academies Financial Handbook sets out the financial management, control and reporting requirements that apply to all academy trusts. It describes a financial framework for trusts that focuses on principles rather than detailed guidance and reflects their accountability to Parliament and to the public. Compliance with the handbook is a condition of each trust’s funding agreement.
The Education Funding Agency has updated the hyperlinks to procurement guidance in section 3.1.5 and in Annex D - Further sources of information. The hyperlink in section 3.8.3 to the guidance on property transactions has also been updated.