Guidance

College accounts direction

Guidance for sixth-form and further education college corporations on preparing their annual report and financial statements (‘accounts’).

Documents

Details

The college accounts direction sets out ESFA’s financial reporting requirements for sixth-form and further education college corporations.

The accounts direction outlines the requirements for each college corporation to:

  • prepare audited accounts to 31 July
  • submit accounts and associated documents to ESFA by 31 December
  • publish accounts on the college’s website by 31 January 2019

College accounts direction 2017 to 2018

College corporations must refer to the college accounts direction 2017 to 2018 when preparing their accounts for periods commencing on or after 1 August 2017.

This includes a requirement to submit a completed finance record for 2017 to 2018. We will publish the finance record template in June 2018.

Submitting your accounts and associated documents

College corporations must submit their accounts by 31 December via email to PRA.Financialhealth@education.gov.uk. Details of how to do so are set out in the accounts direction.

ESFA enquiries

For all enquiries for the Education and Skills Funding Agency

Published 2 March 2017
Last updated 29 March 2018 + show all updates
  1. College accounts direction for 2017 to 2018 has now been added.
  2. Updated section added Submitting your accounts and associated documents
  3. We've now published the finance record 2016 to 2017 template.
  4. First published.