Sectors
Academies
Converting to an Academy or already converted?
Let us guide you.
Monahans is a specialist in the education field and deals with Academy clients throughout Wiltshire and Somerset. Our education specialists have worked with schools assisting them with gaining academy status, their conversion timeline, and then supporting them with the various regulatory requirements afterwards.
Our services to our academy clients include:
- Accounts preparation in accordance with the Academy Financial Handbook, the Charities SORP and the Companies Act
- Audit of the accounts
- Advice on the design and implementation of financial systems and controlsAdvice on choosing appropriate accounting policies eg. fixed assets depreciation rates
- Review and advice on the chart of accounts
- A VAT review and advice on the best method for the academy to reclaim VAT
- Advice on the best structure for any commercial trading activities
- Advice and support with year end procedures
- Assistance with the completion of the Academies accounts return (AR) and dealing with the EFA questions that may result from this
- Operation of the academy payroll
- Teachers’ Pension Agency Return audit
To discuss your specific needs, please contact James Gare on 01225 785520 or complete our form for more information.
You can view our 2024 Academies Webinar here presented by us and other Prime Global firms.
"Our experience with Monahan’s was very positive, we are really happy with the final project outcome and they were a joy to work with. Their approach was inclusive, adaptable and supportive to our organisational aims and the Trust staff found Sophie and her team to be knowledgeable, helpful and understanding of our requirements. The team from Monahan’s worked well with the Trust team and kept us updated throughout the project on progress and any findings / suggestions for improvement as they emerged. It was such a positive experience all round and I’m sure we will be in touch with them for further support."
- Wellsway MAT
