Academies Financial Handbook
A handbook produced by the ESFA that sets out the financial management requirements that apply to academy trusts. Find out more.
Academies are publicly funded independent schools. They don’t have to follow the national curriculum and can set their own term times. They still have to follow the same rules on admissions, special educational needs and exclusions as other state schools. Academies get money directly from the government, not the local council. They’re run by an academy trust which employs the staff. Some academies have sponsors such as businesses, universities, other schools, faith groups or voluntary groups. Sponsors are responsible for improving the performance of their schools.
Former schools which have chosen to convert to academy status.
These are special schools which have chosen to become an academy. These will be handled differently to academy converters and will follow a different process which is currently being developed.
Academy sponsor led
These academies are established and managed by sponsors from a wide range of backgrounds, including high performing schools and colleges, universities, individual philanthropists, businesses, the voluntary sector, and the faith communities.
Responsible for ensuring that public money is spent as intended, ensuring value for money and keeping proper records.
All establishments have an admissions policy to decide which children get places. For state-maintained schools, these may be set by the local council. Many establishments, for example independent schools, have their own admissions policies.
All-through is a school that includes the primary and secondary years and therefore covers all compulsory school years (including reception).
Attainment 8 measures a pupil's achievements across 8 qualifications including maths and English. Find out more.