Supporting your school on the road to academy status
AGS provides accountancy services and advice current academies, multi-academy trust or for schools making the transition to academy status.
Here at AGS we understand what is essential to guarantee your academy complies with the necessary requirements of the Department of Education (DfE) and any other relevant bodies.
Due to a greater degree of control when it comes to budget and the day to day running, academy status may be an appealing prospect for your school.
How can AGS help my school?
If you are considering the road to independence from a local authority, look no further as we have successfully steered a number of eligible schools towards academy status.
Our team can advise you on the planning and implementation for you to transition. We can assist governors and aid your financial department by reviewing your existing financial arrangements.
To help your school operate efficiently and effectively, the appropriate accounting systems will be implemented. This will allow you to recognise key data trends to allow you to make informed decisions.
We are happy to prepare the statutory accounts and audit, in accordance with the Companies Act, Charities’ Statement of Recommended Practice (SORP) and the relevant Academies Account Direction.
We will assess your financial position, advise on improvements to financial systems and assist with meeting the responsibilities that come with academy status.
Other areas we specialise in include:
- Cash flow planning
- Budgeting monitoring – preparation of management account monthly comprising budget variance reports and take appropriate action
- registering VAT and reclaiming on non-business activities
- Managing outsourced bookkeeping and payroll
- Handling corporation tax liabilities
- Pensions for both teaching and non-teaching staff members
- Providing investment options for surplus funds.
- Trading subsidiaries and property issues
Owing to the freedom of academies to adopt a more business-minded approach, it is important to source the most cost-efficient providers of goods and services.
AGS offers an effective solution to the accountancy needs of your school, no matter where you are on the road to academy status. We keep you up to date with new legislations that come into force, for example how academies have to provide management of accounts come September.
To ease your school’s financial path towards academy status, contact AGS today.