Transitioning to an Academy School

To support your school’s transition to academy status, we offer a comprehensive range of services designed to help you manage the increased freedom and responsibility that comes with this change. Our services are tailored to ensure that your school is fully prepared and equipped to take on the new challenges and opportunities that becoming an academy entails.

With our extensive experience in the accounts preparation process, we are well-equipped to produce your academy’s annual accounts to the highest standards in a cost-effective manner. Our comprehensive services include:

  • Year-End Accounts Preparation: We prepare accounts from your academy’s year-end trial balance, ensuring accuracy and completeness.
  • Trustees Annual Report Assistance: We assist your governors in completing the Trustees Annual Report, providing guidance and support throughout the process.
  • Compliance Assurance: We ensure that your accounts fully comply with the Academy’s Financial Handbook, including all the latest updates and requirements.
  • Accounts Submission Management: We handle all aspects of accounts submission to the Young Persons Learning Association and Companies House, ensuring timely and accurate filings.

By leveraging our expertise, your academy can be confident in the accuracy, compliance, and quality of its annual accounts.

With our extensive experience in the accounts preparation process, we are well-equipped to produce your academy’s annual accounts to the highest standards in a cost-effective manner. Our comprehensive services include:

  • Year-End Accounts Preparation: We prepare accounts from your academy’s year-end trial balance, ensuring accuracy and completeness.
  • Trustees Annual Report Assistance: We assist your governors in completing the Trustees Annual Report, providing guidance and support throughout the process.
  • Compliance Assurance: We ensure that your accounts fully comply with the Academy’s Financial Handbook, including all the latest updates and requirements.
  • Accounts Submission Management: We handle all aspects of accounts submission to the Young Persons Learning Association and Companies House, ensuring timely and accurate filings.

We offer expert assistance in the following key areas of financial compliance:

  • Establishing Financial Policies and Procedures: We help you create essential financial policies and procedures, including risk management and internal controls, to ensure robust financial governance.
  • Pension and Reporting Compliance: We provide detailed information for the Local Government Pension Scheme and FRS17 reporting requirements, ensuring you meet all necessary standards.
  • Governance Training: We guide and train your governors on their responsibilities as company directors and charity trustees, equipping them with the knowledge they need to fulfil their roles effectively.
  • Company Secretarial Obligations: We manage your company secretarial duties, ensuring all legal and regulatory requirements are met.
  • Accounting System Setup: We assist in setting up your accounting system, providing a solid foundation for accurate and efficient financial management.

We offer a range of services to enhance and support your academy’s financial function:

  • Payroll Bureau and Bookkeeping Services: Efficient management of payroll and bookkeeping to keep your finances in order.
  • Finance Manual Assistance: Help with developing your Finance Manual, including conducting risk analysis and establishing internal controls.
  • Budget Setting Assistance: Expert guidance to assist in setting and maintaining your academy’s budget.
  • Monthly Management Accounts Preparation: Preparation of detailed monthly management accounts to track your financial performance.
  • Budget Maintenance and Reporting: Ongoing maintenance of budgets with regular reporting to governors.
  • Transaction Processing: Accurate and timely processing of financial transactions.
  • Grant Applications: Assistance with applying for grants to secure additional funding.
  • Pension Scheme Compliance: Completion of Teachers’ Pension Scheme EOYC and Local Government Pension Scheme returns.
  • Interim Financial Management: Providing interim financial management services to cover staff sickness, annual leave, and other absences.
  • Responsible Officer Services: Appointing a Responsible Officer (RO), preparing RO reports, and extending internal control measures beyond the minimum requirements of the Academies Financial Handbook.
Get Started Today

To discuss how our accounting services can benefit your academy school, contact one of our academy school specialists at your local office or complete the contact form below.

Book a meeting

Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.

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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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