Academy Trusts

BHP is the natural choice for academy trusts throughout Yorkshire and North Derbyshire. Our dedicated team is led by 3 partners and based in our various offices throughout the region. We currently audit over 30 academy trusts, more than half of which are now multi-academy trusts. They include church academies, special schools, free schools and sixth form colleges.

We provide annual compliance services

  • Assistance with preparation of annual accounts and trustees report
  • Audit work under Companies Act and regularity audit work as required by the ESFA
  • Assistance with completion and certification of ESFA Annual Accounts Return
  • Review of Budget Forecast Returns
  • Audit of contributions to Teachers Pension Scheme
  • Teaching schools – certification of grant returns to the National College for Teaching and Learning
  • Internal audit work for the Audit Committee
  • Review of compliance with Academies Financial Handbook

We also support our clients with tax and advisory services

  • VAT advice and support
  • Advice on corporation tax status of generated income and on establishment of trading subsidiary company if necessary
  • Employment taxes – advice and support
  • Financial due diligence in relation to schools joining a trust; or the trust which a school is proposing to join
  • Training for academy trustees, governors and members of Senior Leadership Teams

Conversion to academy status is a big step

  • We assist and support schools during the conversion process
  • Advising organisational structure in a new Multi-Academy Trusts
  • Choosing a suitable accounting system and structuring the chart of accounts to make the production of financial reports and ESFA returns as easy as possible
  • Development of appropriate management accounts and other periodic financial reports
  • Support to the finance team as it develops necessary additional skills
  • Review and advice on financial regulations

Kreston International Academies Benchmarking Report

We are a member of Kreston International, a network of leading independent firms of Chartered Accountants from around the world. The UK Kreston firms provide advisory and compliance services to over 300 academy trusts and free schools. This enables us to provide the most comprehensive benchmarking survey for academies each year.

Call one of our dedicated partners on 0333 123 7171 for more information as to how BHP’s academies team can help you.