Haslers Chartered Accountants
Member since: Jan 2016 • Company Status: OTHER
Services: Audit (Financial & Regulatory), Forensic & Fraud Investigations, Conversion Support, Financial Notice to Improve support, Growing your MAT, VAT advice, Tax and HR Support, Due Diligence, Systems & Controls, Internal Scrutiny, Teachers Pension Audit, August Annual Return
Regions: Cambridgeshire, Essex, Hertfordshire, Southend on Sea, London, Barking and Dagenham, Bexley, City of London, Enfield, Hackney, Islington, Kensington and Chelsea, Redbridge, Tower Hamlets, Waltham Forest
Recommending School: None provided
Academies enjoy much greater control over their budgets and the way they operate than traditional state schools but independence from local authority control brings with it new challenges and responsibilities.
When moving to an academy structure, working with experienced advisers is essential.
Haslers’ dedicated academies team has in-depth knowledge of academy issues, so that we are ideally placed to support schools through the transition process and with ongoing requirements and responsibilities following conversion.
For schools planning and implementing the transition to academy status, we can advise and assist on issues including:
◾due diligence, to establish the opening financial position of the school, including any surplus or deficit, valuation of assets such as land and buildings on transfer and the position of pension schemes
◾financial issues that may hinder the conversion process
◾governance policies and processes, including those on reserves, internal controls, risk management, investment and accounting
◾the roles and responsibilities of governors, finance committees and audit committees
◾advice on Companies Act compliance
◾setting up an accounting system compliant with the Charities Statement of Recommended Practice or advising on improvements to strengthen and improve existing systems
◾arrangements for monitoring cash flow, budgeting, financial projections and management accounting
◾VAT issues, including registration and reclaiming VAT
◾corporation tax issues arising from commercial and community activities
◾appointing and training a responsible officer or outsourcing this role
◾completing returns for the Education Funding Authority
◾auditing financial year end statements.
We also offer ongoing support to established academies, including added value audit services, to enable academies to operate more efficiently and to make informed decision-making.