Academies

Converting to academy status creates both exciting opportunities and unfamiliar challenges. We offer practical support and reassuring advice to help you every step of the way – from making the decision to convert, through to dealing with day-to-day issues.

Meeting financial accounting and reporting requirements requires a new approach. Accounts must be prepared under a different format and will be open to far greater public scrutiny. 

There are many other issues to consider too: corporate governance structures, regularity reporting in respect of accountability and transparency in the use of public funds, implications for teachers’ pensions, replacement of services previously supplied by the local authority, cash flow management for solvency monitoring and the adequacy of computer systems to support financial management and reporting.