Both stand-alone academies and Multi Academy Trusts use private sector accountants to audit their accounts.  Each year, a number of MATs and academies are tardy in publishing their accounts at Companies House, where anyone can view the school or MATs handling of public money.

In my experience, it is the same MATs and schools that keep everyone waiting each year and this delay prevents any useful analysis of how schools are using their funds in particular geographical areas.

As usual, I am still waiting to see the accounts for seven sets of accounts for the schools in the geographical area where I track all non-community schools. These missing accounts are mostly the accounts from the same set of schools that were slow in appearing last year and the year before.

I think it is high time that the DfE, now responsibly directly for the funding of academies after the closure of the EFSA, takes some action to ensure all accounts, save those where there are legitimate queries, are posted by the end of January each year. That’s five months after the end of the accounting year, and should provide sufficient time for all accounts to be prepared.

How to deal with those accountants that don’t file by the required date: fine them. The notion of fining for late delivery of documents is well known and accepted. After all, HMRC will happily fine anyone not delivering their tax return by the due date, so why not fine private sector accountants for not filing these accounts on time.

The consequences would be that either the fine was passed on to the school or MAT or the accountants declined to continue handling the accounts in future years. Either way, the fine should help to instal financial discipline in those schools in the non-community part of the state school sector that are either being ignoring or possibly even flaunted the deadlines at present.

With the recent White Paper once again raising the spectre of all schools becoming academies – one wonders how foundation Schools view that prospect – installing financial discipline from day one should be something the National Audit Office needs to confirm with the DfE is not just a nice thing to have, but a necessity. The NAO might well decide to qualify the DfE’s accounts if it cannot see the accounts for all directly funded state schools within the prescribed time frame.

In my next post, I will consider how salaries for the top earners in MATs within one area have changed between the 2024 and 2025 accounts. With secondary schools now regularly advertising their headship with a starting salary of more than £100,000, and some on even more than £150,000, it is important to know whether Chief Executives of MATs, and executive headteachers are now regularly earning more than the Directors’ of Children’s Service in local authorities.

I guess that they are also earning more than the civil servants that have the ultimate power over the school sector. One wonders what should be the multiple between the salary of the lowest full-time worker in a school and the headteacher? In many case, it cases the multiple is now more than a factor of ten, between the lowest and highest paid staff members in a school: is this too great a gap?