The Department for Education’s 2024 Academy Trust Handbook changes the rules on governance, financial management, internal scrutiny, delegated authorities and intervention, with more weight on building safety and cyber security.
1. Governance and Responsibility
- Business Interests Register – Greater emphasis on transparency, with the register now relocated to the "Roles and Responsibilities" section.
- Digital and Technology Standards – Trusts must comply with DfE digital and technology standards.
2. Financial Management
- Reserves Policy – Trusts must now implement a clear reserves management plan for financial uncertainty.
- Electric Vehicle (EV) Salary Sacrifice Schemes – The handbook clarifies when ESFA approval is required, particularly for trusts engaging in sustainability initiatives.
3. Internal Scrutiny
- Scrutiny for Large Trusts – Trusts with over £50 million in annual revenue must implement specific internal scrutiny measures to ensure rigorous oversight of financial and operational controls.
- Trustee Qualifications – Updated requirements clarify the qualifications and experience needed for trustees and peer reviewers involved in internal scrutiny.
4. Delegated Authorities
- Finance Leases – Trusts are now permitted to enter finance leases as long as they are on the DfE’s approved list, providing more flexibility in resource management.
5. Regulatory and Intervention
- Cyber Security – The handbook highlights the importance of adhering to DfE cyber security standards to protect digital assets and data.
- Notice to Improve – The scenarios for issuing a Notice to Improve now include:
- Management of the School Estate – reflecting the need for safe, well-managed school environments, particularly in light of the RAAC crisis.
Useful Resources for Academy Leaders
Governance and Compliance
Financial Management and Oversight
Building Safety and Cyber Security
- Cyber Security Standards for Schools
- School Estate Management and RAAC Crisis Updates
