Academies BFRO cancelled

Academies BFRO

Update on submitting returns to the ESFA in 2020

In order to ensure effective financial oversight of public funds, Academy Trusts must monitor and manage their own budgets. The Education and Skills Funding Agency (ESFA) reviews Academy Trusts’ budget projections and actual results to ensure that the estimations of the future funding requirements are accurate. To do this, a Budget Forecast Return Outturn (BFRO) is required to be submitted in May each year with the Budget Forecast Return (BFR) due in July each year.

It was therefore expected that the next submission would be the BFRO in May. However, Academies will no longer have to submit this next month after the government cancelled the collection because of the coronavirus outbreak. As a result, it has been confirmed that the next scheduled financial return will be the three-year Budget Forecast Return.

This information is to be submitted online and the form will be available to use from 23rd June 2020. The information you provide will enable the ESFA to review financial trends in the sector and forecast future financial years.

For more information, support and queries about the Academies BFRO, please contact the service desk on 0345 222 1551 • Option 2, or email financeservicedesk@schoolbusinessservices.co.uk.


Further information

Previous SBS communications relating to COVID-19 and School Closures

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