The Department for Education has named and shamed 88 academies and multi-academy trusts that failed to file at least two financial rules on time. Tes reports.
Eileen Milner, the chief executive of the Education and Skills Funding Agency (ESFA), first warned trusts last December that she intended to publish a list of those that filed late.
At the time, she wrote: “In the interest of fairness to those trusts who consistently submit returns on time, we are therefore now taking a firmer stance on non-compliance with the submission date set out.”
Today’s list includes the Academy Transformation Trust, whose governance was severely criticised by the ESFA last year.
In a statement posted on its website today, the ESFA said that submitting financial returns on time was “an essential requirement of the Academies Financial Handbook”.
It added: “Compliance with the financial accountability and assurance framework allows ESFA to oversee the financial health of the sector and provide assurance to Parliament and the public about how public money is spent.”
See who’s on the list Revealed: Academies that filed financial returns late
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