Education and schools – Isn’t it just maths?

In this current age, the finances of the education sector schools need to be run almost as a business.

Words like:

• Budgeting
• Bookkeeping
• Systems controls
• Audits
• Monetary constraints

all crop up and send many a bursar quivering. School finances are now more than ever requiring specialist financial expertise. At Lucentum we recognise this and are able to offer a variety of services to assist you. From payroll services to audits to systems reviews, we have a great deal of experience in the education sector.

So turn the tables and let us teach you!

Academy schools – Freedom or financial burden?

What does the freedom offered by Academy status mean for your school?

Having more control over decisions and managing your own funding sounds exciting but consideration needs to be taken over how this will be managed.

Academy schools will have to prepare annual financial statements to 31 August and have these audited. These audited accounts have a filing deadline of 31 December. Have you appointed an auditor?

At Lucentum, we have a great deal of experience in the education sector, so if words like:

• Audit
• Systems reviews
• Charities Act compliance
• Company Law
• Filing requirements and deadlines

fill you with dread, rather than excitement, please do contact us as we can help.

Our specialist academy school services include audit, payroll, compliant accounts preparation as well as advice on trustee/director responsibilities, accounting systems and internal controls.

Let us take care of the financial reporting compliance issues, leaving you to actually enjoy the flexibility in education that academy status offers. With our help, your school can do what you do best and provide a first class education!