Our next event

Building brilliance in business: PR and the media

June 2018
View details

Our next event

Building brilliance in business: PR and the media

June 2018
View details

Charity and not for profit

Academies

Academies

Academy Accountants Norwich

The number of academies in the UK is growing as more and more state schools convert to academy status.
Academies have greater freedom in managing the staffing and running of the school. Direct receipt of funding from the Education Finding Agency gives much more autonomy on how the money is spent. However, the academy has to procure services previously provided by the local authority and comply with requirements for application of funds, governance and reporting.

Schools converting to academy status
If you are going through the process of converting to academy status we can help:

  • We will help you assess whether conversion to an academy is a viable option. We can advise on the financial differences, conduct due diligence on transferred balances and detail reporting requirements.
  • We will design appropriate systems and controls to meet the requirements of the funding agreement. We work with you to select the most appropriate accounts software to meet statutory and government financial reporting needs as well as internal management reporting needs.
  • We advise on accounting issues relating to property and leases; employment law, TUPE and pension arrangements; payroll and human resources; VAT and other taxation, and general governance.


Ongoing support and service
Once you have attained academy status, we provide you with a full range of accountancy and audit services:

  • Preparing accounts to comply with Academies Handbook, Charities SORP, Charities Act and Companies Act
  • Audits
  • Payroll bureau
  • Human Resources
  • Advice on internal control procedures
  • Governance including responsibilities of governors
  • Financial projections and business plans
  • Advice on computerised accounting systems; we are Sage accredited agents
  • Ongoing alerts.


Expert taxation advice
Our taxation specialists advise on all issues facing academies such as VAT exemption, PAYE and benefits in kind, use of trading subsidiaries and Gift Aid.

Our team


With the unrolling of academy status to a much wider range of schools, our team has been undergoing training in how best to meet the needs of this sector. Mark Proctor is our lead partner co-ordinating services to our academy and school clients. He spends much of his time advising charity trustees and school governors. He is a non-executive director of the Norfolk & Norwich Festival Ltd.
Call us on 01603 663300        Email us

Select a Service:

Financial Planning

Tax and VAT

Accountancy Services

Employment Services

Academies

 

Helpful documents

Services to academies
Services to academies
Download
"Just a quick note to say how really brilliant the payroll team have been in taking over our payroll . They have handled us brilliantly . They are extremely knowledgeable, patient and competent for which we are very grateful.
It was quite scary changing after 15 years, but have no regrets.
"
 
 

News

Lovewell Blake named in national list of 100 employers for school and college leavers
Marketing Team

15 June 2018
Only Norfolk employer featured; ranked in top ten nationally in its sector A Norfolk firm with an industry-leading reputation for its apprenticeship and graduate schemes has been named one of the top 100 UK employers for school and college leavers for the second year in a row.
Read More

Turkey Ball provides £13,000 boost to Norfolk bereavement charity
Marketing Team

8 June 2018
Norfolk’s children’s and young people’s bereavement support charity Nelson’s Journey has received a £13,000 boost following a hugely successful ‘Turkey Ball’ organised by Great Yarmouth Round Table earlier in the year.
Read More

See all our news

Events

Building brilliance in business: Cyber security
19 July 2018
In our sixth masterclass for business owners and managers looking to enhance their skills we will hear from Joseph Cooksey, Digital Engagement Manager from Barclays. Joseph will guide you through...
Read More

Retirement planning workshop (5 July 2018)
5 July 2018
If you are approaching retirement you may be aware that there is a vast array of options available to you, as a result of the government’s pension freedom legislation. These...
Read More

Building brilliance in business: PR and the media
21 June 2018
At the fifth in our series of masterclasses for business owners and managers looking to enhance their skills we will hear from Andy Newman of Newman Associates on PR and...
Read More