Academy Schools

Converting to academy status is an attractive proposition for many schools and is intended to lead to greater innovation and the raising of standards.  However, additional flexibility brings increased responsibility and this is where Dodd & Co can assist.

Academies have greater freedom from local authority control giving them the ability to set their own pay and conditions for staff; flexibility around the delivery of the curriculum and the ability to make changes to the length of terms and school days.  Academies also gain access to the budget traditionally retained by the local authority to provide central functions: such as accountancy, legal services, Health & Safety and insurance.

Additional flexibility brings increased responsibility and administration, and this is where we can assist.  Dodd & Co have put together a range of support packages for academies offering a variety of services from basic bookkeeping support right through to termly finance reviews with the board of directors and the audit of your financial statements.

Conversion Support

Our conversion support services include assistance with accountancy software installation, set-up and training; implementation of financial control systems; and preparation of initial budgets.

Schools converting to academy status are eligible to apply to the Department for Education for a grant to cover one-off costs incurred in the conversion process.

On-going Support

Once you have converted to an academy, we offer a range of services to assist with the day-to-day accounting functions and year-end requirements.

Our expert service covers the full range of requirements including;

  • Academy Statutory Audit & Full Annual Accounts preparation including annual reports, liaising with HMRC and preparing Charity Commission submissions
  • Payroll Services & Support
  • Regulatory matters (including Teachers Pension Scheme and Local Government Pension Scheme / certificates)
  • Review of Banking Arrangements
  • Accounting Software, Training & Support
  • Assisting with the role of Accounting officer
  • Advising on VAT and corporation tax issues, eg trading activities (eg letting income) and property transactions
  • Providing guidance on financial and regulatory compliance including understanding the charities SORP
  • Training and guidance for governors and the finance team

Ad-hoc Advice

We’re always here to advise in other areas  such as business planning, business case preparation and corporate structure; and guidance and support on VAT issues as required.

Please contact Martin Ward for further help and advice on 01228 530913 or email martin@doddaccountants.co.uk

Your academy schools team

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Aug 22

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