This is guidance for initial teacher training (ITT) providers when completing the annual accounts return.
The National College for Teaching & Leadership (NCTL) requires the audited annual accounts to monitor the financial status of all initial teacher training providers, and to know how NCTL funds have been spent.
Completion and audit of annual accounts is a requirement of the financial memorandum. Therefore, each year providers should submit independently audited accounts to the NCTL by 31 December.
Guidance notes to the 2012 to 2013 audit grant report are also available from this website.