Award

External Audit Services to the Inspiration Trust multi academy trust

INSPIRATION TRUST

This public procurement record has 4 releases in its history.

Award

12 Apr 2024 at 08:04

Award Notice
Tender

29 Jan 2024 at 15:38

Tender Notice
Planning

26 Jan 2024 at 13:15

Planned Procurement Notice
Planning

26 Jan 2024 at 13:14

Planned Procurement Notice
Summary of the contracting process

The Inspiration Trust is seeking external audit services through a tender for a multi academy trust. The tender involves financial auditing services with a focus on various accounting tasks such as preparing annual reports, submitting tax returns, and advising on grant funding. The deadline for tender submissions is set for February 23, 2024. The contract period begins on April 1, 2024, and lasts until March 31, 2027. The buying organisation, the Inspiration Trust, based in Norwich, England, has awarded the contract to Price Bailey LLP.

This tender for external audit services from the Inspiration Trust poses an opportunity for businesses specialised in financial auditing services to compete. Small and medium-sized enterprises (SMEs) with experience in providing statutory audit services are well-suited to participate in this open procurement process. The contract, spanning three years with the potential for extension, offers a chance for business growth and collaboration. The procurement method is an open procedure below threshold, providing a transparent and competitive platform for interested parties.

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Notice Information

Notice Title

External Audit Services to the Inspiration Trust multi academy trust

Notice Description

Inspiration Trust is tendering for an External Audit contract which will incorporate the following: * Preparation of the Inspiration Trust Annual Report and Accounts * Expressing an opinion on the above financial statements * Accountants Assurance Report on Regularity as required by the ESFA * Preparation of the Annual Accounts Return as required by the ESFA * Attendance at the Audit and Risk Committee meeting at which the Statutory Accounts and auditor's management letter are scrutinised * Pre and post audit meetings as required, including but not limited to planning and close out meetings * Audit of the Teachers' Pension Scheme End of Year Certificate * Preparation and submission of the Corporation Tax return * Review and assurance relating to specific grant funding requirements * VAT returns and advice * Ad hoc advice as required We would seek a three-year contract (to cover three year end audit cycles) with the scope to add on two further years (3+1+1 contract). We would anticipate the contract needing to start as soon as possible to allow for interim audit work etc to be undertaken. Tenders should be submitted by email to georginahardingham@inspirationtrust.org

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1381908f-f353-4f89-8d44-c79e72f6e0da
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/e0c62ede-a613-47e3-a6c8-3d1db7ef8dc5
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79212100 - Financial auditing services

79212300 - Statutory audit services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£134,770 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Apr 20241 years ago
Submission Deadline
23 Feb 2024Expired
Future Notice Date
5 Feb 2024Expired
Award Date
26 Mar 20241 years ago
Contract Period
31 Mar 2024 - 31 Mar 2027 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
INSPIRATION TRUST
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NORWICH
Postcode
NR2 1NR
Post Town
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
Mancroft
Westminster Constituency
Norwich South

Supplier Information

Number of Suppliers
1
Supplier Name

PRICE BAILEY

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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