Accounting services for Schools and Academies

Financial Management Services for Schools & Academies

The Financial Management Centre provides comprehensive financial management services for schools and academies across the United Kingdom. To find your nearest branch, click here. Our services are specifically designed for schools and academies in the ‘owner controlled’ and ‘not for profit’ sector. We work with standalone academies, academy chains, and newly converted academies.

Services We Provide to Schools & Academies

• Bookkeeping
• Risk assessment
• VAT registration and administration
• Management accounts
• Teachers’ pension administration
• Attending Board of Governors meetings
• Cash flow projection
• Payroll assistance

Education Providers We Work With

• Primary schools
• Secondary schools
• Single-academy trusts
• Multi-academy trusts

Do You Understand Your Legal Responsibilities?

We have built strong relationships with the Education and Skills Funding Agency (ESFA), and our services comply fully with its requirements. Our team ensures that school and academy staff clearly understand their EFA obligations.

Ideal for New and Prospective Academies

If you have recently converted to academy status or are considering doing so, you and your staff must understand the financial responsibilities involved. We provide free consultations for schools exploring academy conversion, helping you decide if it is the right step. If you proceed, our team will make sure all compliance procedures are properly established.

When you convert, an Academy Trust is formed as a Limited Liability Company. Liability is ‘limited by guarantee’ rather than by share capital, and you will be regulated under the Companies Act 2006 and the Charities Act 2011 (as amended by the Charities Act 2022). This process can feel daunting, which is why professional support is highly recommended.

Financial Responsibilities After Conversion

• Payment of VAT
• Corporation tax
• Payroll
• Year-end accounts following Charities Act and Companies Act requirements
• New legal responsibilities for Governors
• Teachers’ Pension Scheme registration
• TR17 return
• Account auditing

Contact The Financial Management Centre

For more information, call us on 0330 135 5996 or complete our enquiry form.