Accounting for Academies
Whether you are considering becoming an academy/free school, are in the process of converting to academy status, or are an existing academy trust, our academies team can offer you the help and support that is required in this constantly changing and highly regulated sector.
Our academy experience
We have acted for academy schools since their introduction by the government in the early 2000s, and we pride ourselves on the wealth of expertise that we have built up in this area.
Compliance issues
Academy status brings with it additional financial and governance responsibilities with the requirements placed on academies by the Charities Act, the Companies Act, and the Department for Education, being very detailed.
Our academies team understands this and provides a supportive hands-on service to help you navigate through the regulatory and reporting requirements of the sector.
Our services
We offer a range of services which include:
- Advice on academy conversion.
- Annual accounts preparation.
- Annual audit of accounts and the accounts return.
- Assistance with budgets and forecasts.
- Responsible officer visits and training.
- Internal audit services.
- Teachers’ pension scheme audit.
- Specialist VAT advice.
- Advice on accounting systems and computerisation.
- The provision of a range of business services including payroll processing, bookkeeping, a BACs bureau etc.
- Secretarial duties to meet the requirements of the Education Funding Agency and Companies House.
- The provision of governor training.
- Advice on corporate structures including issues arising from trading activities.
- Advice on multi-academy status and collaborative working.
Book a free initial consultation
Book a consultation to see how we can help you.
