Leasing for maintained schools
Information on leasing activities for maintained schools, including the international financial reporting standard (IFRS 16 leases).
Applies to England
Documents
Details
Many governing bodies of maintained schools take out leases to support day-to-day operation. This can be a sensible value-for-money approach as an alternative to buying assets outright.
鈥楥hanges to leasing agreements for maintained schools鈥� outlines the changes effective from 1 April 2024 and what they mean for local authorities and governing bodies of maintained schools.
鈥楾he IFRS16 Maintained Schools Finance Lease Class Consent 2024鈥� lists the types of assets that have been granted general consent by the Secretary of State for Education under the Education Act 2002.
Updates to this page
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Updated page text and 鈥楥hanges to leasing agreements for maintained schools鈥� to reflect that IFRS 16 is now in effect.
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First published.