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 ESFA financial guidelines
- Annual basis
- Year / period to 31 August
- File with ESFA 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 a portal provided by ESFA
- Return to be reviewed by auditor and filed with ESFA in January following year end