Already converted

If your school has already converted, then you may be approaching your first year-end audit or have already been through this process and survived. Our dedicated education team has advised many academies through their first year-end and beyond and has the experience and knowledge to assist you in running your academy effectively and to ensure you meet your new regulatory responsibilities.

As well as providing the annual year-end compliance services, including the preparation and audit of the financial statements, regularity audit, review of the Academies Accounts Return, our dedicated team can advise and assist you in the following areas:

  • Assisting with the calculation of the surplus or deficit at conversion and in negotiating with the Local Authority regarding this and subsequent payment.
  • Advising the Governors on their roles and responsibilities as Trustees and Directors.
  • Advising the Headteacher on their role and responsibilities as Accounting Officer.
  • Advising on the financial and regulatory compliance requirements for academies, including understanding the charities SORP, Accounts Directions and year-end financial statements.
  • Assisting in ensuring that appropriate month-end procedures are in place.
  • Advising on appropriate accounting policies, including basis of land & buildings valuations, depreciation periods for fixed assets, deferred income etc.
  • Ensuring that VAT registration and VAT reclaim processes are clearly understood and that the requirements are correctly applied.
  • Ensuring that all the necessary statutory and other returns are accurately completed in the first year, including the FMGS return and budget forecast returns.
  • Advising on the options for independent scrutiny procedures so as to verify that year-end procedures are operating correctly and can provide accurate reporting.

We also hold year-end training sessions for our clients so as to assist in making the year-end a smooth and efficient experience and ensuring you get the maximum benefit from our experience in this area.

Pathway to success

Already converted
Change to Whitley Stimpson

Step 1

Confirm to your accountant that you wish to move to Whitley Stimpson

Step 2

Supply Whitley Stimpson with your existing accountant’s details

Step 3

Relax. We’ll handle the rest.
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