lennards chartered accountants, registered auditors, tax & business advisers

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Academy Accountancy and Taxation Services

Our comprehensive services in this Specialist Area cover:

Initial Consultations

  • Start Up assistance
  • Notifying relevant authorities eg HMRC, Charity Commission
  • Attending meetings with Solicitors, Banks, Trustees


  • Review and selection of accounting & book-keeping systems, particularly addressing VAT partial exemption requirements
  • Although drafting accounts is the responsibility of the Governors this is an area we can assist in.


  • Bureau Payroll service including electronic submissions to HMRC
  • Assistance and advice for running your own payroll system


  • Advising and assisting solicitors in setting up charitable trusts


This is a vital area for new Academies, particularly in selecting an appropriate standard or specific method for VAT Partial exempion schemes and Lennards Chartered Accountants have considerable experience in this complex industry-specific area.

  • Prepare and submit application for VAT registration
  • Set up online return submission
  • Advise on VAT procedures and liability
  • Complete and submit first VAT return from accounts, including any pre registration input tax due
  • Check VAT returns prior to submission if required

VAT Partial Exemption Schemes

  • Selecting an appropriate standard or specific method for VAT Partial exemption schemes by a thorough review of taxable and non-taxable supplies.
  • Negotiation with HMRC for a specific partial VAT rate calculation to minimise the VAT liability for your academy
  • Completion of annual adjustments and ongoing reviews of the calculation
  • Review of book-keeping procedures for VAT partial exemption purposes
  • Supply of bespoke software to manage to VAT partial exemption calculation on an ongoing basis

Other areas

  • CT600 Corporation Tax form for any taxable income such as hall hire
  • Reviews and assistance with budgets, funding requirements and grants
  • Guidance and training for Governors and Trustees to understand the requirements of their new roles and the Academy's obligations

Contact Lennards today to see how we can help your Academy on 01625 613979 or by using the online form

Lennards Chartered Accountants
The Vicarage | 31 Great King Street | Macclesfield | SK11 6PL
T: 01625 613979 | F: 01625 610062
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Principal: J Mark Lennard FCA

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