Schools and academies

It has been an exciting time in the education sector, with numerous schools within the state system taking the opportunity to convert to Academy status.

We have significant experience acting for academy schools and are well placed to provide the support that is required both before and after achieving Academy status.

We already act for a large number of Academies and Multi Academy Trusts, and therefore understand the challenges that come with the independent status of an Academy.

We are able to advise on implementing the appropriate structures for Academies, and can help with various functions such as accounting and payroll, which represent a challenge to newly established Academies, used as they are to having these functions dealt with centrally.

Prior to Academy status

Before committing to Academy status it is important that the governors are aware of all the potential benefits and drawbacks of becoming an Academy. We can discuss this with you and ensure that you are aware of all of the issues prior to making such an important decision.

After Academy status

When Academy status is achieved you will have much greater financial autonomy. This also means greater responsibility and we can provide support in the following areas:

  • Preparation of accounts in charity format (SORP 2015)
  • Statutory audit
  • August and March accounts returns
  • Teachers’ Pensions audit
  • End of year certificate audit
  • Budget forecast returns
  • Company secretarial (annual returns etc)
  • Payroll function
  • Accounting software training and support
  • Cash flow forecasts
  • Corporation tax and VAT compliance

We are one of the leading advisers to the education sector in the county. Please contact one of the Academies team if you would like to discuss any of the above or require any further information about the firm.

For further information, please contact a member of our Academies team:

Mark Williams
Amalia Chambers
Ben Rance

Cornish