Four colleges are yet to publish their annual accounts for 2021 – one of which has now failed to publish financial statements for the previous three years.
Clawback disputes, last-minute and “frustratingly slow” funding assurance reviews, audits and bank loan negotiations have all contributed to the delays, according to the colleges involved.
FE Week spotted the issue after analysing the Education and Skills Funding Agency’s annual college accounts spreadsheet for the year ending July 31, 2021, which was published this week.
