Re-brokerage of academies - GOV.UK

Re-brokerage of academies - GOV.UK


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You will need to complete some extra lines if any academies have joined or left your trust since September 2024. This will make sure that the right forecast is included.


Academies that joined your trust between 1 September 2024 and 1 May 2025 should appear on your list of schools included in your BFR.


Enter any balances that correspond to the date of them joining the trust (including actuals, current or forecasts) for the following lines.


For line 999 pupil numbers, you should adjust upwards to account for new pupils joining the trust.


For line 215 revenue surplus on conversion, you should enter:


For line 351 revenue deficit on conversion, you should enter:


For line 572 capital assets transferred to academy on conversion, you should include:


These balances will have a contra adjustment. For example, when you record a conversion from a local authority the entries are the:


The former recognises the transfer income and the latter the expenditure to recognise the asset. The budgeting impact is neutral.​


Complete all BFR lines after these, including actuals and forecasts for the relevant periods after the date of transfer​​.


If an academy joined your trust between 2 May 2025 and 31 August 2025, they should not appear on your list of schools included in your BFR.


You should answer ‘No’ to the question “Is the above information correct?” and provide transfer dates in the comment box in the introduction section.


For newly created academies, if you have not received confirmation of expected pupil numbers, enter a realistic estimate of pupil numbers which you are basing your DfE income on.


For new converters, if you have not received confirmation of expected pupil numbers from the local authority, do not include the academy in your return.


For line 215 revenue surplus on conversion, you should enter:


For line 351 revenue deficit on conversion, you should enter:


For line 572 capital assets transferred to academy on conversion, you should include:


These balances will have a contra adjustment. For example, when you record a conversion from a local authority the entries are the:


The former recognises the transfer income and the later the expenditure to recognise the asset. The budgeting impact is neutral.​


Complete all BFR lines after these including actuals and forecasts for the relevant periods after the date of transfer​​.


For new converters, if you have not received closing balances from the local authority for the period before the conversion, do not include the academy in your return.


Academies that joined your trust between 1 September 2024 and 1 May 2025 should appear on your list of schools included in your BFR.


Enter any balances that correspond to the date of them joining the trust (including actuals, current or forecasts) for the following lines.


For line 999 pupil numbers, you should adjust upwards to account for new pupils joining the trust.


For line 212 revenue surplus transfer of an existing academy into the trust, you should:


For line 350 revenue deficit transfer of an existing academy into the trust, you should:


For line 573 capital assets transferred of an existing academy into the trust, you should:


Complete all BFR lines after these, including actuals and forecasts for the relevant periods after the date of transfer​​.


Academies joining your trust between 2 May 2025 and 31 August 2025 should not appear on your list of schools included in your BFR.


You should answer ‘No’ to the question “Is the above information correct?” and provide transfer dates in the comment box in the introduction section.


For line 999 pupil numbers, you should reflect expected pupil numbers that have been officially confirmed to you, from point of transfer and forecast for current and future years.


For line 212 revenue surplus transfer of an existing academy into the trust, you should:


For line 350 revenue deficit transfer of an existing academy into the trust, you should:


For line 573 capital assets transferred of an existing academy into the trust, you should:


For all other lines, provide realistic forecasts for the current and future years from the point of transfer or joining based on your plans for the academy.


Include any narrative about any anticipated transfers or joiners to your trust, including timescales.


Academies that left your trust between 1 September 2024 and 1 May 2025 should not appear on your list of schools included in your BFR.


Adjust any balances for the following lines that correspond to the dates they left the trust, including actuals, current or forecasts.


For line 999 pupil numbers, you should adjust downwards to account for pupils leaving the trust.


For line 212 revenue surplus transfer of an existing academy out of the trust, you should:


For line 350 revenue deficit transfer of an existing academy out of the trust, you should:


For line 639 capital assets transferred of an existing academy out of the trust, you should:


You should now complete all BFR lines actuals and forecasts, excluding the leaving academy’s figures.


An academy leaving a trust during this period will appear on your list of schools included in your BFR.


You should answer ‘No’ to the question “Is the above information correct?” and provide transfer dates in the comment box in the introduction section.


Include any narrative about any anticipated transfers from your trust, including timescales. 


Adjust any balances for the following lines that correspond to the dates they left the trust, including actuals, current or forecasts.


For line 999 pupil numbers, you should adjust downwards to account for pupils leaving the trust.


For line 212 revenue surplus transfer of an existing academy out of the trust, you should:


For line 350 revenue deficit transfer of an existing academy out of the trust, you should:


For line 639 capital assets transferred of an existing academy out of the trust, you should:


You should now complete all BFR lines actuals and forecasts, excluding the leaving academy’s figures.


If the transfer out results in a closed trust, leave pupil numbers and forecasts blank for future years.


Treat these as if a transfer is not taking place, unless it has been confirmed. For example, following receipt of financial statements and transfer certificates.