School Academies
Any change within any organisation can be a traumatic time for all concerned. With many staff typical having been either at the same school or within the same schooling system for many years, it is vital that key staff are kept well informed and hand held through this transition.
Bayar Hughes & Co is a practise that has grown on the foundation of providing friendly professional services to its clients.
If you are a school either with Academy status or seeking to become an Academy, we can help you overcome the many new challenges you and your management team will face from switching from a local authority school or a grant maintained school to a charitable company.
Payroll
As a school your main single expense is that of staff salaries.
We can provide you with reliable cost effective solutions to your payroll, ensuring you comply with all the relevant legislation.
Responsible Officer
Every Academy will need to appoint a responsible officer.
The Responsible Officers post is intended to provide an independent oversight of the academy's financial affairs. Their main duties will be to provide the governing body with on-going independent assurance that :-
• The financial responsibilities of the governing body are being properly discharged:
• Resources are being managed in an efficient, economical and effective manner:
• Sound systems of internal financial controls are being maintained: and
• Financial considerations are fully taken into account in reaching decisions.
As the Responsible Officer, our friendly team can work closely with your financial team to remove all the fears of the transition, reviewing together your current financial systems to ensure they are compatible with the new requirements.
Accounts Preparation
Annual accounts and financial statements to 31 August, will need to be prepared each year which comply with both the relevant Companies Act and the Charities Commission Statement of Recommended Practice relating to charities.
We will work closely with both yourselves and the Auditors, to ensure this function is completed with minimum disruption to yourselves, ensuring that the filing dead line date for submission of the audited accounts, of 31 December, to the Department of Education and Skills, is met.
Audits
Your annual accounts and financial statements to 31 August, will need to be Audited each year to ensure they comply with both the relevant Companies Act and the Charities Commission Statement of Recommended Practice relating to charities.
As part of our Audit work, we are required to carry out a serious of checks in order to provide an opinion on the truth and fairness of the contents of the financial statements and the quality of the organisations accounting systems.
We will work closely with both yourselves and the Responsible Accountant, to ensure this function is completed with minimum disruption to yourselves, ensuring that the filing dead line date for submission of the audited accounts, of 31 December, to the Department of Education and Skills, is met.