Prince Regent Street Trust (PRST) was established in 2018 and currently consists of 4 schools situated in the Borough of Stockton-on-Tees, these being:
- Hartburn Primary School
- Village Primary School
- Wolviston Primary School
- Barley Fields Primary School
The Trust is also expected to add Kader Academy in Middlesbrough from 1st May 2024. The Trust has ambition to grow over the next few years with an additional school per year joining.
The Trust employs around 250 people and delivers education to over 1400 students supported by £8.2m of government grant.
OPEN TENDERS:
EXTERNAL AUDIT SERVICES 2023/24 – 2025/26
PRST Academy Trust is inviting tenders for the appointment of an external assurance service for the 2023-24 to 2025-26 financial years. The contract will be for an initial period of three years with the option to extend by a further 2 x 12 month periods. The objectives for this tender are:
- Appoint a high quality provider delivering high standards of professional service
- Appoint a provider with qualified auditors with academy trust experience and wider cross-sector experience
- Deliver a contract that provides value for money
- Work with an audit partner who will add value to our Trust
The assessment criteria will be based on 40% cost and 60% quality.
The Academy Trust Handbook (formerly 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 PRST funding agreement with the Secretary of State. The internal assurance service will assist Trustees in assessing this compliance.
Tender Timetable
| Invite tenders | Monday 12th February 2024 |
| Tender Closing Date | Friday 29th March 2024 |
| Potential date for interview (if required) | Monday 22nd April 2024 |
| Suppliers Informed of Outcome | Friday 3rd May 2024 |
CLOSED TENDERS:
INTERNAL AUDIT SERVICES 2023/24 - 2025/26
PRST Academy Trust is inviting tenders for the appointment of an internal assurance service for the 2023-24 to 2025-26 financial years. The contract will be for an initial period of three years with the option to extend by a further 2 x 12 month periods. The objectives for this tender are:
>Appoint a high quality provider delivering high standards of professional service
>Appoint a provider with qualified internal auditors with academy trust experience and wider cross-sector experience
>Deliver a contract that provides value for money
>Work with an audit partner who will add value to our Trust
The assessment criteria will be based on 40% cost and 60% quality.
The Academy Trust Handbook (formerly 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 PRST funding agreement with the Secretary of State. The internal assurance service will assist Trustees in assessing this compliance.
Tender Closing Date: Friday 3rd November 2023