Year End Financial Returns Guidance
Year End Financial Returns Guidance
Please read this important information
Schools must review their figures and complete the following returns to ensure compliance with financial reporting requirements.
Capital return
The capital return template is available. This is pre-populated from your SAP account. Schools must review their figures, and if there is a discrepancy with the figures reported in the school capital template they should notify graham.clare@oxfordshire.gov.uk no later than 31 March 2025.
Deadline Monday 31 March 2025
Lease return
Following updates to the international accounting standards (IFRS 16), it is now imperative that every maintained school provides information on leases held.
Completing the lease return form is mandatory, requiring schools to either declare the absence of leases or provide details for all leases initiated in the financial year 2024/25.
Deadline Friday 25 April 2025
For assistance, schools can contact their Finance Adviser at Education Financial Services (EFS), Hampshire County Council.