Tel: 01865 261100

Academy schools advisory service

We offer a full range of advisory services to academy schools before and after conversion. Our services are tailored to meet your specific needs.

We currently act for 23 academy trusts including multi-academy trusts, one of which has eight schools.

We are on hand to support your management and finance teams, where necessary, in all the financial aspects of being an academy. We use our practical experience of the EFA guidance to assist our clients.

You can pick and choose as many or as few of the services (listed below) as you need.

Balance sheet and fund accounting

Advice on application of the EFA Academies Accounts Direction; training of all relevant management and staff in these key new areas for academies.

Key financial deadlines planner

Setting up a timeline to allow management to effectively plan for deadlines in the academy regulatory framework.

Finance system implementation

Advice on choice and implementation of academy finance system.

Establishment of robust systems and controls

Advice and/or assistance in the implementation of new procedures to meet DfE & EFA requirements; advice on the Financial Management and Governance Self-assessment (FMGS) which must be completed within four months of conversion.

EFA academy reporting requirements

Assistance with preparation of Academies Accounts Return at 31 March (additional reporting requirement in first year).

Academies Financial Handbook and DfE funding agreement

Advice on implementation of the requirements of the handbook and any specific requirements of your funding agreement.

Scrutiny of draft opening statements of surpluses

Advice on the questions to ask to maximise the final LA school surpluses to be transferred into the Academy Trust.

Assets and liabilities transferred to the Academy

Valuation and accounting treatment (including valuation of property using depreciated replacement cost method.

LGPS pension schemes

Deficit implications and accounting disclosures.

Budget monitoring and management reporting

Assistance with setting up reports relevant to the Academy regulatory framework to allow timely and accurate production of information, and submission of EFA Budget Forecast within six weeks of receipt of final funding statement.

VAT planning and registration

Advice on VAT, and/or completion of the registrations on your behalf, and training in respect of on-going requirements.

Governance, risk and internal audit

Advice on governance, risk and internal audit processes and committees, including effectiveness and audit committees. We can provide consultancy and assistance in respect of the role and work programme of the Responsible Officer.

HR and employment law advice

See our HR pages for more information. We are working with several academy schools on their suite of policies and procedures.