Schools & academies

Our national team has over 20 years experience in the education field and is part of our Not for Profit group. We can provide you with a full range of client driven, specialist services specific to schools (including independent schools, maintained schools, free schools, UTCs, academies and multi-academies.)

Independent Schools

Our specialist accounting, business advisory and tax services for schools include:

  • Internal audit and external audit
  • Employment tax issues and the engagement of workers
  • VAT (including minimising VAT in development projects)
  • Due diligence and mergers
  • Corporation tax
  • Capital projects
  • Interim finance management and secondments
  • Governor training
  • Audit Committee training

Academies

Our specialist academy accountants have been appointed as auditors and advisers to around 200 new Academy schools and have experience of all types including sponsored and converted academies and multi-academy trusts.

We are also in contact with many schools at various stages of converting to academy status.

We invest significant time and resources to ensure that our specialist expertise is tailored to the particular needs of such organisations, and their stakeholders; ensuring we are able to help make a tangible difference for our clients.  We provide comprehensive support and solutions in areas such as:

  • Information to be considered in the academy conversion process
  • Audit, accounting and reporting requirements
  • Setting-up systems and procedures for the new academy
  • Budgets, cash flow and financial plans
  • Internal audit, extended external audit and other assurance services
  • A VAT review and advice on the best method for academies to reclaim VAT
  • Employment tax issues and engagement of workers
  • Advice on the best structure for any commercial trading activities
  • Corporation tax and funding
  • Review and advice on the chart of accounts
  • Advice on year end accounting and running the year end procedure
  • Due diligence for potential mergers into a multi-academy trust
  • Trustee responsibilities and governance to comply with the Academies Financial Handbook

Read about our value added services for academies>>

Read our frequently asked questions for Academies>> 

We have a comprehensive understanding of accountancy and auditing issues, having been at the forefront of legislative changes affecting the sector, for example through assisting in the compilation of an early version of the Academies Accounts Direction and through serving on the national SORP Committee.  MHA MacIntyre Hudson is also part of a working party who regularly meet with the EFA.  This commitment and sector exposure ensures we are able to draw upon our collective in-depth knowledge and experience to guide clients effectively.

We host regular workshops and training sessions for Finance staff and Trustees and also produce newsletters and bulletins highlighting important topical issues relevant to independent schools and academies. View all of our Not for Profit publications here>>

Contact us

To discuss your school or academy’s accounting needs, please contact a member of our Not for Profit sector team, email academies@mhllp.co.uk or send us an enquiry online.