Accountants for Academy Schools
Xeinadin are one of the leading advisors to schools and the broader education sphere, actively collaborating with over 200 academy, free, and independent schools throughout the UK and Ireland.
Our academy & MAT experience
Our team of education experts boast extensive experience within the sector, with a specialised focus on academy schools. With a widespread presence across the UK and Ireland, we serve over 200 academies and free schools.
As experienced auditors and advisers to the sector, whether you’re contemplating transitioning to academy status or have already made the move, we’re equipped to navigate the intricate landscape of challenges you’ll encounter. From conducting best-value comprehensive audits and preparing accounts to addressing fundraising and VAT concerns, we offer comprehensive assistance. Count on us to deliver an impartial evaluation of your financial status, along with recommendations for necessary adjustments and enhancements to fortify your controls and processes for the future.
The academy sector can be challenging due to constantly changing reporting requirements.
Our specialists stay informed about all the latest requirements from the Education and Skills Funding Agency (ESFA), ensuring they can promptly update clients on regulatory and other developments. Additionally, they craft frequent academy newsletters addressing pertinent topics impacting academies.
Our offerings for academy and MATs include:
- Consideration of essential information during the academy conversion process.
- Completion of year-end statutory audits and Academy Returns.
- Aligning your account preparation with ESFA Accounts Direction and Charity SORP standards.
- Conducting audits for Teachers’ Pension End-of-Year Certificates.
- Guidance on compliance with the Academies Financial Handbook.
- Provision of internal scrutiny services to ensure comprehensive financial management and control adherence.
- Reviewing VAT matters and advising on optimal reclamation methods for academies.
- Recommending optimal structures for commercial trading activities, including subsidiary usage.
- Support in preparing March Accounts returns.
- Assistance with Budget Forecasts.
- Addressing employment tax concerns.
- Offering governor training sessions.
- Establishment of crucial financial policies and procedures, encompassing risk management and internal controls.
- Aid in selecting and implementing suitable accounting systems.
- Providing bookkeeping services and supporting your finance function, including interim appointments.
- Preparation of management accounts to facilitate reporting to governors.
Academies benchmarking report
Each year we prepare the Xeinadin Academy Benchmark Report. Assimilating data from over 450 trusts across the country, we compare a series of Key Performance Indicators.
Download and read the latest report here.
How Xeinadin can support you
Our Academy and MAT team
Tracey Hemingway
PartnerEducationStockport
Sam Ketcher
PartnerEducationSittingbourne
Louise Gray
PartnerEducation, VAT ServicesCardiff
Jordan Cain
DirectorAcademies & MATs, EducationNottinghamAcademies benchmarking tool
Compare your data with other primary and secondary schools or multi-academy trusts. It supports School Business Managers, Governors and Headteachers offering valuable insights into how to use resources to support educational outcomes for pupils. Benchmarking is an effective tool for the self-evaluation of primary and secondary schools and MATs.
Related insights
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Whether you have a clear goal in mind or are open to exploring possibilities, we’re at your service to assist you.
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