Trinity MAT - Provision and Supply of External Audit Services

Concepts

• accounting and auditing
• halifax
• esfa
• annual audit plan
• audit committee & wre directors for recommendation
• audit of the annual accounts return
• 8.any audit
• audit committee
• audit findings
• external initiatives

Location

West Yorkshire

Description

Trinity Multi Academy Trust (Trinity MAT) is an education provider for young people from the ages of 3-19. It is a growing trust, and currently Its sites consist of 10 academies, 1 head office, 2 external initiatives, and 1 x subsidiary company ‘White Rose Education Ltd’. (As of March 2023). Trinity MAT are seeking a supplier for the provision and supply of external audit services. This Invitation to Tender (ITT) is a call for competition amongst suppliers to meet our organisational requirements. The contract has an estimated value of between £200,000 and £250,000 for the maximum life of the contract 5 years All references in these documents to values and/or volumes of business are for guidance only and there is no guarantee of any business

Total Quantity or Scope

Trinity MAT is looking to appoint a firm of Auditors to: 1.Deliver an annual audit plan for the trust and its subsidiaries (currently only White Rose Education (WRE) Limited). 2.Annual audit of annual financial statements of Trinity MAT and subsidiaries as per ESFA trust handbook. 3.Prepare the annual financial statements of Trinity MAT, its subsidiary and consolidated accounts. 4.Attend and present the Audit Findings and Financial Statements to the Audit Committee & WRE Directors for recommendation/signing in December. 5.Prepare and audit of the Annual Accounts Return including the provision of an Independent Report on the Annual Accounts Return as required by the ESFA. 6.Audit our Teachers’ Pensions End of Year Certificate. 7.Audit of any Department for Education/ESFA funding streams and related expenditure, as required. 8.Any audit, corporation tax (including gift aid and R&D credits), payroll and VAT advice as required especially in relation to overseas tax regulations. 9.Support, advice and guidance with annual stocktake quality assurance for Balance Sheet figures (mainly WRE). 10.Computation and submission of Corporation Tax Return for WRE Ltd. 11.Submission of all financial statements to Companies House 12.Trinity MAT can accommodate a hybrid working model with the supplier during the contract, this will entail some onsite working, as well as work being carried out in relation to the Eternal Audit Service offsite. Tenderers proposals should not include remote and offsite only proposals. 13.Shall be fully compliant with Academies Financial Handbook. The Academies Financial Handbook sets out the financial management, control and reporting requirements that apply to all academy trusts. It describes a financial framework for trusts that focuses on principles rather than detailed guidance and reflects their accountability to Parliament and to the public. Compliance with the handbook is a condition of each trust’s funding agreement. The Academies Financial Handbook sets out the duties and obligations of academy trusts which have a funding agreement with the Secretary of State for Education. The handbook, together with the funding agreement (of which this document forms part) describes the financial relationship between EFA and academy trusts. The handbook covers all the requirements under the financial accountability system for academy trusts. The handbook sets out the areas of HM Treasury’s Managing Public Money that directly apply to trusts, and all references to it provide further explanation and clarification of these areas. Additional information: To respond to this opportunity please click here: https://www.delta-esourcing.com/respond/Y35PD8J2EH

CPV Codes

• 79210000 - Accounting and auditing services

Indicators

• This is a one-off contract (no recurrence)
• Renewals are not available.
• Technical restrictions apply.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement. For more information about this opportunity, please visit the Delta eSourcing portal at: <a href="https://www.delta-esourcing.com/tenders/UK-UK-Halifax:-Accounting-and-auditing-services./Y35PD8J2EH" target="_blank">https://www.delta-esourcing.com/tenders/UK-UK-Halifax:-Accounting-and-auditing-services./Y35PD8J2EH To respond to this opportunity, please click here: <a href="https://www.delta-esourcing.com/respond/Y35PD8J2EH" target="_blank">https://www.delta-esourcing.com/respond/Y35PD8J2EH GO Reference: GO-2023329-PRO-22424530