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