Academies

Are you considering converting to an Academy?

For many schools this is an attractive option, but one that brings with it a degree of uncertainty, and a lot of questions.

We are aware of the many questions you have as you consider the option, commence the conversion process, and face the challenges of running your school independently of the local authority.

If you are looking to become an Academy then we are on hand to advise on:

• Assisting School Governors as they seek Academy status
• Ascertaining the financial position – including treatment of land, buildings other assets, funds and surpluses, financial liabilities
• Setting up financial management and reporting systems for day to day management and corporate governance
• Advising to the governors regarding their responsibilities as company directors / charity trustees
• Providing advice and support to school officers, business and finance managers on all aspects of year-end procedures and accounting requirements
• Advising on requirements relating to Company, Academies and Charity legislation
• Advice on VAT, and minimisation of tax liabilities

If you are already running an Academy we can advise on the following:

• Financial management in accordance with DfE guidelines
• Year-end reporting and management accounts
• Strategic advice
• Funding

Our accounting and tax services for Academies include:

• Audit and Annual Accounts preparation
• Advice and guidance on the interpretation of the accounts to Governors
• Accounting Software
• Payroll management
• Advice on corporation tax
• Advice on VAT compliance
• Fee protection – HMRC investigations
• Internal Audit and Risk Management

For further information or a free initial consultation please contact Judith Longmore on 0191 256 9500