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