Accounting for education providers is a specialist area that requires a deep understanding of the sector. With a rapidly changing education landscape and unprecedented external challenges, it is important that your professional adviser has the experience to provide you with advice that you can trust to support your future developments.
We have a long history of providing focused advice to clients in the education sector, having worked closely with education providers and charities for decades. Our experience includes advising independent schools, universities, academy schools, free schools, educational charities and grant making bodies. You can therefore have confidence that we will have relevant experience of the issues you may face.
In addition to the traditional audit, accounting and taxation services you would expect, we also act for many of our education sector clients on an advisory basis, providing support with issues such as financial reporting, governance and risk management.
Some of the specialist services we provide include:
Universities and higher education
Following the introduction of a new UK financial reporting framework, all higher education institutions will be required to prepare their financial statements under Financial Reporting Standard 102 for the year ended 31 July 2016. Our team of education specialists can not only assist your finance team convert your financial statements to the new accounting standards, but can also work with you to assess the wider implications of how these changes will affect your current finance systems and processes.
For more information about the services we provide to higher education intuitions, please download our factsheet about financial reporting services for the higher education sector.
Academy and free schools
The academies sector has become the most dynamic area of education over recent years. We have a particular expertise in academy schools and now act for over 320 academies and free schools, including the first special needs school to convert to an academy.
Visit our dedicated academy schools pages for further details about the services we provide to academy and free schools.
The challenges faced by independent schools has intensified in recent years, with the recession putting an additional pressure on the affordability of private education. We can provide advice to help support governors, bursars and heads make the most of opportunities and meet regulatory responsibilities.
Educational charities and grant making bodies
We have a dedicated charity sector group committed to providing comprehensive charity audit and accounting services to ensure you meet your regulatory obligations and maintain a financially sound organisation which is focused on meeting the core objectives of your charity.
Visit our dedicated charities sector pages for further details about the services we provide to charity and grand making bodies.
The next step
Our experience working with schools and education sector bodies means we can add significant insight and value to our clients in the sector. If you would like to discuss these services in more detail, please contact an education specialist at your nearest location, or complete the contact form.