Accountancy and auditing for schools and academies

Since 2009, Forrester Boyd chartered accountants have been working with schools and academies, supporting them with the conversion process and the exciting opportunities this brings.

Today, we act directly for approximately 60 trusts, of which there are 18 multi-academy trusts covering a broad range of schools including secondaries, primaries and special schools.

Our experience and knowledge of the education sector means that we really do understand the challenges that you face, and we work with you to ensure you have the advice and support through every stage of the growth and development of your academy.

Continual learning & development

Our specialist academy advisers sit on the charities and education committee of UK200, a leading association of independent chartered accountants and law firms with global connections.

Collectively, UK200 supports in excess of 500 independent schools and academies throughout the UK, meaning that we are continually learning from each other’s experiences and sharing best practice. We are also involved with the ESFA Auditors’ Forum which gives us a direct voice and input into the latest information from the ESFA, ensuring that we can bring this expertise and knowledge back to you.

How we can help

Our Academy team are experts in supporting head teachers, governors and finance executives with:

Internal controls

  • Process efficiency
  • Finance team procedures
  • Trustee documentation & policies

Structure

  • Governance
  • Centralisation
  • Procurement
  • Integrated curriculum financial planning
  • Commercial trading activities
  • Subsidiaries

Monitoring

  • Budget setting & reporting
  • Benchmarking
  • KPIs
  • Management Accounts
  • Internal Scrutiny

Finance

  • Condition improvement fund
  • Salix funding
  • Investments*
  • Revenue maximisation
  • Recovery plans
  • Due diligence

Operations

  • Training
  • Software
  • Process updating
  • Supplier contracts
  • Banking
  • Data security

Compliance

  • End of year/in year reporting
  • ESFA reporting/query management
  • Related party transactions
  • Internal/External audits
  • VAT/PAYE/MTD/Corporation tax
  • Financial handbook
  • Companies House
  • Gender reporting
  • Pensions (EOYC)
  • IR35

* Investment advice delivered by Forrester Boyd Wealth Management, our wealth management arm.

Charities & Education newsletter

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Charities Education Issue 2

We live and breathe academies

We understand that our support extends way beyond just compliance, which is why we focus on providing you and your trustees with the solutions before the problems.

We have a highly experienced and exceptional team who all live and breathe academies.

This is reflective in the positions that our team hold. Various members are trustees of charities and members of governing bodies which affords us a more in-depth understanding of your unique needs.

What our clients say...

We were impressed by the extent of technical and business oriented support offered by Kevin Hopper at Forrester Boyd when we first achieved Academy status. Since then we have found him easy to access for ongoing help and guidance when we need it.

Tony Wood - Director of Finance at St. Lawrence Academy, Scunthorpe