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 school, our academies team can offer you the help and support that is required in this constantly changing sector.
Our academy experience
We have acted for academy schools since their introduction by the then Labour government 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 Education Funding Agency, 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
For more information about how we can help your business contact us for and book a free initial consultation.
Useful Factsheets
We will use this area to keep you up to date with topical news. However, please do also check our blog area where we also post our newsletters and other useful information. You can also use our search facility at the top right hand side of our website to search for Academy news.
Academy Factsheet
Integrated Curriculum Financial Planning factsheet
GAG Pooling in Multi Academy Trusts Factsheet
