Guidance

Academies financial management and governance self-assessment

Financial management and governance self assessment (FMGS) for new academy trusts to submit to the Education and Skills Funding Agency.

Documents

Details

New academy trusts

Accounting officers of newly operational academy trusts must submit an FMGS full return within 4 months of opening their first school(s).

Schools joining an established trust

Where a school joins an established multi-academy trust (MAT) and plans to adopt the same financial management and governance arrangements, the MAT’s accounting officer must submit an FMGS alternative return within 6 weeks of the schools joining the trust.

Accessing the FMGS online form

Please use the FMGS online form for either the FMGS full or alternative return.

The document on this page lists the FMGS questions for review before using the online form.

Published 11 March 2014
Last updated 11 October 2018 + show all updates
  1. Updated with links to a new online form for FMGS.
  2. Updated list of questions found in the FMGS online form.
  3. The Education Funding Agency (EFA) has updated the list of questions found in the online Financial Management and Governance Self-Assessment (FMGS) form.
  4. The Education Funding Agency (EFA) has published a new online form for academy trusts to use to submit their financial management and governance self-assessments, which are due within 4 months of opening as an academy trust.
  5. The Education Funding Agency has made minor revisions to the Financial Management and Governance Self-Assessment template to reflect the requirements of the Academies Financial Handbook, updated in October 2013.
  6. First published.