Academies Budget Forecast Return Update

24th May 2023
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The deadline for the budget forecast return (BFR) has been confirmed as 31st August 2023. This is later than in previous years when the deadline was late July.

It is expected that the 2023 online form will be available early June.

The main changes in the 2023 version of return are:

·        new validation for the GAG income v pupil numbers reported to help improve data quality

·        repositioned pupil numbers (line 999), showing this at the top of the spreadsheet before the revenue section

·         a reduced series of finance questions at the top of the BFR worksheet.

View the academies budget forecast return here.

If you have any queries on completing the return or we can help with the completion on your behalf, please contact us:

Email: Academies@schoolschoice.org
Telephone: 0300 1231420 option 1.

Trusts subscribing to Schools’ Choice Finance services will receive their BFR guidance pack.

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    Legislation
    Procurement Act 2023

    Did you know that the Procurement Act 2023 is set to come into force on 24th February 2025. The new Act means changes to procurement regulations and practices.Schools and Academy Trusts undertaking above-threshold procurements are contracting authorities therefore, the Procurement Act will apply. The provisions related to below-threshold contracts within the Procurement Act 2023 do not apply to schools.

    Government Information
    Government Letter to Accounting Officers in Academy Trusts

    Letter from David Withey, Chief Executive of the Education and Skills Funding Agency, to accounting officers in academies.

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