Academies value for money statement

Form and guidance to enable academy trusts to complete their annual value for money statement.

This publication was withdrawn on

The value for money statement has now been absorbed in the Academies Accounts Direction



Annually, the accounting officers of all academy trusts open on or before 31 August are required by the ‘Academies Financial Handbook’ to complete a value for money statement to help them self-assess what they have done to maximise the impact of their money in the period ended 31 August each year.

Trusts need to submit their statements to the Education Funding Agency (EFA) by 31 December 2014 using the new online form. The online form covers the same information as the Word template we published last year. The guide to submitting your value for money statement explains how to access and submit the form.

Trusts must also publish their statement on their websites by 31 January 2015.

Published 11 March 2014
Last updated 11 November 2014 + show all updates
  1. This page now includes a guide to submitting academy trusts' value for money statements to the Education Funding Agency using a new online form.
  2. Minor change in the ‘Reviewing controls and managing risks’ section on page 4.
  3. First published.