Dodd & Co have a wealth of experience in dealing with the education sector.
Converting to academy status is an attractive proposition for many schools and is intended to lead to greater innovation and the raising of standards. 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.
However, this additional flexibility brings increased responsibility and administration, and this is where Dodd & Co can assist. We 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 preparation of audit packs.
Conversion Support
Dodd & Co are able to assist your school during the conversion process. 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.
|