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.

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Accounting officers of academy trusts must submit their financial management and governance self-assessment (FMGS) using the online form or provide alternative assurance within 4 months of opening.

If you are joining an existing multi-academy trust (MAT) which has previously prepared audited accounts and you plan to adopt the same financial management and governance arrangements, your MAT accounting officer will need to confirm this on the online form.

The document on this page is a list of the questions within the FMGS, should you wish to review these before you access the online form.

You will need to use the online form rather than submitting the return as a Word document by email.

Published 11 March 2014
Last updated 8 November 2017 + full page history
  1. Updated list of questions found in the FMGS online form.
  2. The Education Funding Agency (EFA) has updated the list of questions found in the online Financial Management and Governance Self-Assessment (FMGS) form.
  3. 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.
  4. 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.
  5. First published.