The issues faced by schools converting to academy status

Having been involved in the education sector for almost 30 years I have an invaluable insight into the challenges faced by schools wanting to become academies and the hurdles to overcome to achieve that ambition.

By Graham Wilson, partner at the Blackburn office of accountants and business advisors Beever and Struthers.

Schools making the transition can secure additional finance to improve their educational offering and be independent of local authority control, thereby allowing them to determine their own direction and to adapt their admissions policy and staff terms and conditions to meet the needs of the school.

  • appointment of a legal adviser to conduct the conversion process;
  • establishment of an academy trust – a separate and independent legal entity;
  • transfer of title to assets e.g. land and buildings, lease agreements and licences from the local authority to the new legal entity;
  • setting of a conversion date;
  • acknowledgement that all academies have a financial year end of 31 August compared to 31 Auguest for a local authority school, necessitating a change in budgeting and reporting deadlines;
  • appointment of an auditor;
  • finalisation of the school’s position with the local authority at the date of conversion;
  • a valuation of assets to be transferred – requiring either an independent valuation, an insurance valuation or a valuation by a valuer nominated by the Education Funding Agency;
  • a valuation by an actuary of a school’s share of the surplus/deficit on the Local Government Pension Scheme for support staff;
  • a potential change of accounting package to one designed for use by academies.

As an approved partner of the National Association of School Business Management (NASBM) we provide expertise to many schools looking to convert to academies and ongoing assistance to those that have converted. Our services include:

  • external audit – a robust audit focused on risk;
  • business support – preparation of management accounts and cashflow forecasts;
  • responsible officer/internal audit – supporting the governor appointed to this role or providing this service on behalf of the governing body;
  • teachers’ pension – undertaking the annual audit of teachers’ pension contributions;
  • payroll bureau services – including payroll processing and online filing;
  • business risk and governance – advice on gover-nance structure and risk management training;
  • HR – support and advice on employment law via our HR director;
  • tax and VAT advice.

Enjoyed this? Read more from Lancashire Business View

Latest news

1

Putting people first: Rethinking approaches to people management 031225 John Mackey 6

Putting people first: Rethinking approaches to people management

07 Aug 2026

2

Former regional journalist joins Freshfield PR team George Hodgson

Former regional journalist joins Freshfield PR team

07 Aug 2026

3

Plans unveiled for £30m transformation of country estate Gisburne Estate

Plans unveiled for £30m transformation of country estate

07 Aug 2026

4

Fast-growing competition firm hires compliance expert Elite

Fast-growing competition firm hires compliance expert

07 Aug 2026

5

Lucky 13 for James Hall & Co in Great Taste Awards Great Taste Awards 2026 - James Hall & Co. Ltd.jpg.jpg

Lucky 13 for James Hall & Co in Great Taste Awards

06 Aug 2026

Blackburn College (July-Aug 26)
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
LBV130 September/October Magazine Networking Event
LBV130 Magazine Launch Social720No Text 17 Sep 2026

LBV130 September/October Magazine Networking Event

The Beehive Blackburn, Shadsworth Business Park, BB1 2QS

08:30 - 10:30

Built Environment Conference 2026
BEC26 WW Logo720 24 Sep 2026

Built Environment Conference 2026

EG On The Move, Waterside Head Office, Blackburn, BB1 2FA

08:30 - 13:00

Sub36 Awards 2026
Sub36 WW Logo720 16 Oct 2026

Sub36 Awards 2026

Park Hall Hotel & Spa, Chorley, PR7 5LP

18:30 - 00:30

LBV131 November/December Magazine Networking Event
LBV131 Magazine Launch Social720No Text 19 Nov 2026

LBV131 November/December Magazine Networking Event

Lancashire

08:30 - 10:30

Lancashire Business Day 2026
LBD26 WW Logo720 27 Nov 2026

Lancashire Business Day 2026

Burnley Football Club, BB10 4BX

12:00 - 17:00

Morecambe Bay Walk
Morecambe-25-web-gallery4.jpg.jpg 08 Aug 2026

Morecambe Bay Walk

Arnside, Carnforth, LA5 0HD

13:00 - 18:00

The Ultimate Network
Lancaster And Morecambe Logo 13 Aug 2026

The Ultimate Network

Garner Hotel , Preston, PR5 0UL

16:00 - 18:00

Mind Over Mountain: Brunch at Ivory Tower
mind-over-mountain-complete.jpg.jpg 11 Sep 2026

Mind Over Mountain: Brunch at Ivory Tower

Ivory Tower, Preston, PR1 2NL

12:30 - 16:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV129 Online Graphic
Subscribe now

Weekly news bulletin