Unfinished audits and reclassification to the public sector are among the reasons why nine colleges have considerably missed the government’s deadline for publishing their annual accounts this year.
Education and Skills Funding Agency rules state that colleges must publish their audited accounts in an easily accessible location on their website no later than January 31 each year to “maximise transparency and to support accountability”.
However, 2022 accounts for nine of the 170-odd colleges in England are still yet to surface five months after the deadline.
Plumpton College said its delay is down to the Department for Education’s new strict arrangements for capital borrowing.
