Tait Walker - Chartered Accountants Logo

Academies

Our dedicated team is here to support your Academy, share their understanding and sector knowledge and tailor a service that works for you.

ACADEMIES AND SCHOOLS

Our dedicated academies team is here to support you, share their understanding and sector knowledge, and tailor a service that works for you. Whether you are considering converting to academy status, or are already up and running, Tait Walker can guide you through the whole process.

For many schools the prospect of converting to academy status is very attractive, but many governors, head teachers and school business managers are unsure of the financial implications and challenges that may arise when operating independently of the local authority. Our team understand that the support you need from your accountant is not just about ticking compliance boxes and are on hand to assist you throughout the academic year, offering proactive and friendly advice.

Tait Walker are members of the Macintyre Hudson association of Chartered Accountants (MHA) and as a group we act for over 190 academies across the UK.

At Tait Walker we believe in building relationships, not only with our clients but also with other professional service providers. We work closely with North East lawyers and banks and regularly engage with the Education Funding Agency (EFA).

 

Multi-academy trusts

If you are considering converting to academy status, or have already converted but want to become part of a bigger chain, you may be considering a multi-academy trust (MAT).

Tait Walker are one of the region’s leading advisers to multi-academy trusts, looking after a number of MATs with upwards of 10 schools within the MAT. We have advised MATs from initial set up to ongoing advice as their auditors and trusted advisers, providing value adding support and ensuring academy trusts meet specific MAT reporting requirements and

standards.

 

How we can help…

  • Conversion support, from creation of the academy trust to set up of financial policies and procedures
  • Accounts preparation in compliance with the Charities SORP, Companies Act 2006, funding agreement with the DfE and the Academy Accounts Direction
  • Statutory audit of accounts
  • Regularity audit report
  • Preparation of the EFA Annual Accounts Return
  • Assurance report on the EFA Annual Accounts Return
  • Audit of the Teachers’ Pension Contributions End of Year Certificate
  • Preparation of FRS17 pension journal and disclosures
  • Internal audit services
  • Sage, our award winning Sage team can secure discounted accounting packages and support with set up and ongoing staff training
  • Support and advice for the Accounting Officer
  • Production of management accounts
  • Budget setting and financial planning
  • Review of financial policies and procedures
  • Governance reviews
  • Governor training on their roles as a trustee and director
  • Taxation and VAT advice on trading activity
  • PAYE Healthcheck on benefits and dispensations
  • Payroll Services
  • Company Secretarial services and assistance with companies house filing

Click here to see our Academies publications.

 

Contact Us

Meet the full team

Get In Touch

If you are seeking advice and would like an informal chat without fee or commitment, then please get in touch.