The ESFA have decided to extend the deadline for submission of academy trust financial statements for the year ended 31 August 2020 by one month. The deadline for submission is now 31 January 2021.
Charities facing challenges caused by the Covid-19 pandemic may find a new flexibility on the part of funders who could come to their aid.
ESFA have now published their supplementary bulletin to the 2020 Academies Accounts Direction
As more and more charities look to finalise their 2020 accounts, it is inevitable that the implications of the COVID-19 pandemic will have had an impact in some way on the charity’s activities and financial position, which will need to be appropriately reflected in the financial statements.
On 15 June the Academies Accounts Direction 2019/20 was published.
The Charity Commission have issued further guidance around the reporting of Serious Incidents to them during the Coronavirus pandemic
Applications have opened for charities to access emergency government COVID-19 funding - but there may not be much time to apply.
The Government have announced further details of the £370m pot of funding available for frontline charities.