Year End Audit - Done for Another Year?

Given the deadlines, most Trusts will now have hopefully completed their year end audit process and submitted the annual accounts return. Many business managers will have breathed a sigh of relief that the process is completed for another year before moving on to more challenges. It may be some months before the next year end audit, but we thought it a good time to reflect on the process and what makes it run as smoothly as possible. Whilst a smooth audit makes everyone’s like easier it is also important because it normally has an impact on audit fees over a period of time.

Kreston Academies Benchmarking Report

The 10th annual Kreston Academies Benchmark Report has been published recently and has revealed that the average in-year financial surplus for a multi-academy trust (MAT) doubled to more than £460k in 2021 up from £221k in 2020.

The survey of 360 Trusts, representing nearly 1,500 schools, is conducted by the UK Academies Group of Kreston Global - the global network of independent accountancy firms.

The benchmark report aims to provide insight into the sector and the issues faced by different academies and MATs. There’s interesting content for everyone, whether you are a Governor, Head Teacher or School Business Manager.

To download a free copy of the report please click below.

Download

Webinar - Kreston Academies Benchmark Report 2022

Our webinar will provide insight into the trends in the sector and issues faced by Academies and Multi-Academy Trusts, as highlighted in the Kreston Academies Benchmark Report 2022.

Date: Thursday 24th February 2022

Time: 10:00am - 10:40am

Where: Your Desk via Zoom (live webinar)

Please click below to register.

We hope you are able to join us.

Contact Us

If you would like to arrange a virtual meeting to discuss your specific circumstances in relation to any of the above, please get in touch with your usual contact within James Cowper Kreston or contact me using the details below.

Kind regards

Alex Peal

Tel: +44 (0)7771826264 | E: apeal@jamescowper.co.uk

The information in this newsletter must not be relied on as giving sufficient advice in any specific case.