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Academy accounts: a guide for trustees
Your trust must submit its annual accounts to the ESFA by 31 December. Get up to speed on the process so you know what to expect.
Summary and deadlines
For every financial year, your trust must produce:
- An annual report
- Financial statements
These are collectively known as ‘the accounts’, and must be audited by an independent, registered auditor.
As part of your financial statements you're also required to complete an accounts return (AR) which we cover in another article.
- 31 December: submit accounts to the Education and Skills Funding Agency (ESFA) - the online form will be open from 4 November
- 31 January: publish accounts on your trust’s website
- 31 May: file accounts with Companies House
What your trust needs to produce
The information you need to include is made very clear in the Accounts Direction document, which this article is based on. If you have questions on the specific details, we’d recommend you ask your accountants or auditors.
Trustees’ report: covers the governance and management arrangements of the trust, and the strategic plan and a financial review. It
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