Financial & Annual Report
Annual Report & Financial Statements
Academy Trusts are independent charitable companies and are required to prepare an annual report and financial statements to the 31st August each year. These accounts must be audited annually by independent registered auditors. They are submitted to the Education Funding Agency and filed with Companies House.
Summary of Trustees Register of Interests
Value for Money Statement
Academy Trusts are required to compile an annual Value for Money statement to assess what they have done to achieve value for money with their funding in the period ended 31st August each year.
Academies Financial Handbook and Cranford Community College’s Local Financial Regulations
The Academies Financial Handbook is published by the Education Funding Agency and is designed to help Academy Trusts to understand and comply with public standards of financial accountability. It sets out the financial management, control and reporting requirements which apply to Academy Trusts. Compliance with the Academies Financial Handbook is a condition of an academy’s funding. It is updated annually with effect from 1st September each year.
Cranford Community College’s Local Financial Regulations augment the Academies Financial Handbook with our own detailed local financial procedures.
Cranford Community College’s Whistleblowing Policy details what staff should do if financial impropriety is suspected.