Academies: Finance
The question
To ask the Secretary of State for Education, what assessment her Department has made of the potential merits of requiring academy trusts to publish full budgets.
Answered by Catherine McKinnell
All academy trusts must publish an annual report and accounts, which are audited by a registered statutory auditor. As part of their annual reports and accounts, academy trusts must also publish details of their objectives, achievements and future plans, including what they have done to promote value for money in support of these projects.
In addition, financial information on individual schools, including a breakdown of their income and expenditure, is available on GOV.UK through the Schools Financial Benchmarking and Insight Tool, at: https://financial-benchmarking-and-insights-tool.education.gov.uk/.
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