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Read our take on the latest issues affecting the sector in our dedicated academies blog
Academy school accountants
We are now in our seventh year of preparing this detailed analysis of the performance of academies across England and Wales, and our new report covering academic year 2017/18 takes a look at more than 800 schools.
The sample once again includes a mixture of our own clients plus other trusts to increase the number of schools included in the data used for the benchmarking. MATs, secondary academies and primary academies are reviewed and, in some areas, we have drilled down further into the MAT data to analyse different sizes of MAT.
2018 was an interesting year for academies, with many experiencing further financial uncertainties and pressures along with increased consolidation in the sector. A number of key issues have arisen which we discuss in our report, including:
- Increased scrutiny over executive pay in the sector
- Teacher pay rises and the announcement of a teachers’ pension employer contribution rate increase
- The announcement of new related party rules from April 2019
Our education specialists have years of experience in the sector and have a particular expertise in academy schools – our offices around the UK now act for over 420 academies and free schools, including the first special needs school to convert to an academy. As such, we understand that independence from your Local Authority is likely to require improved internal controls for your school’s finances.
Whether you are thinking of converting to academy school status or have already done so, we can help you with the complex array of issues you will need to deal with from best value audit and accounts preparation to fundraising and VAT issues. We will provide you with an independent opinion on your financial situation and recommend any necessary adjustments or improvements to your controls and processes for future years.
The next step
More information about the services we provide to academy schools can be accessed using the navigation to the left. If you would like to discuss these services in more detail, please contact one of our academy school specialists at your nearest location, or complete the contact form.