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Academies

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

Accounting reporting obligations

Our dedicated academies team is here to support you and help you to meet accounting reporting obligations. We have outlined some of these below:

EXTERNAL AUDIT

  • Includes regularity report on compliance with EFA financial guidelines
  • Annual basis
  • Year / period to 31 August
  • File with EFA by 31 December
  • File with Companies House by 31 May

TEACHERS’ PENSION SCHEME AUDIT

  • Annual basis to 5 April
  • Either one return completed for each school within the trust, or one return completed for the whole trust
  • Unaudited return to the TPS by last working day in May
  • Audited return to the TPS by last working day in September
  • Checks whether the trust and the teachers have made the correct pension contributions

INTERNAL ASSURANCE

  • Usually on a termly basis
  • Looks at whether there are controls in place
  • Considers whether they are appropriate
  • Checks whether they are being applied
  • Report to governors on findings

ACADEMY ACCOUNTS RETURN

  • Broadly based on Annual Accounts
  • Data input into spreadsheet provided by EFA
  • Return to be reviewed by auditor and filed with EFA in January following year end
  • A return to 31 March is often required, as an additional return in the first year the Academy opens, or where a new school joins the trust
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