Finance Services for Academies

How Can We Help?

Each Academy is unique and our Academy Finance Consultancy team offers a wide range of services to support financial and resource management in Academies. They will guide you through the new funding agreements, cash-flow, statutory reports and monitoring required to ensure you have sufficient information for your end of year accounts

We understand that to be a high-performing Academy, you need expert financial monitoring and planning support. Babcock4S can provide this

Our dedicated team has a wealth of experience. We can call upon the expertise of qualified accountants, School Business Managers and consultants with experience of setting up Free Schools. They are all passionate about providing real hands-on support to Academy finance staff, Principals and Governors

This dynamic team is led by Amanda McMillan and Julie Barrington

Contact us …….

If you would like to hear more about our services, please email any of the contacts below who will be happy to discuss your individual requirements

amanda.j.mcmillan@babcock.co.uk
wendy.small@babcock.co.uk
stephen.penny@babcock.co.uk

What services do you need?

Our extensive range of services can provide you with help through all stages of converting to an Academy

Business case – we can evaluate your current position and help you set a sustainable budget to submit with your business plan

Set up – we can advise you on the new Governance and administrative structures that need to be in place and guide you through the process

Finance – we can offer an on-going support package that will ensure that you have the processes in place to meet the new financial systems and controls and continue to support you through the Academy financial year

Audit – we are delighted to announce our new partnership with Baker Tilly, who offer a comprehensive audit service and a Responsible Officer if required

Our Core Package is available at any of the above stages of the Academy process and provides:

•    Helpdesk support for funding and accounting issues
•    2 visits to provide on site support
•    Salary budgeting and monitoring tool
•    Website information
•    Annual seminar

Your visits can be tailored to meet your requirements and can include:

•    Review of financial position against budget
•    Advice to develop accurate management reporting
•    Support in completing statutory monitoring returns
•    Advice on internal controls
•    Guidance on developing the academy finance manual
•    On-site support for audit preparation

Further consultancy visits can be provided on a daily rate basis.