The latest Academies accounts direction 2022 to 2023 contains some changes in the area of estates and risk reporting:
1. Clarified that the trustees’ report on principal risks and uncertainties should consider those risks impacting on trustees’ responsibilities to ensure the trust’s estate is safe, well maintained and complies with relevant regulations.
2. Clarified that the review of value for money statement encompasses estates safety and management
3. Suggested that accounting officers should consider demonstrating how they have effectively used relevant funding to ensure the trust’s estate is safe, well-maintained, and complies with relevant regulations, as one of their value for money examples
4. Clarified that the statement on regularity, propriety and compliance encompasses estates safety and management.
Barker hosted a webinar with ASCL, ISBL, TTN and CST to explore the new guidance and sample responses. Watch it here.
