24th February 2020
In my last editorial I hoped that we’d now have more certainty, and we do now know that we’ve formally left the EU and the threat of VAT on fees has receded. However, the new Conservative government will be responding to the wishes of a broader base of MPs and voters which is likely to lead to ever more demands on independent schools.
Alex Gillespie’s article on assessing financial resilience is therefore timely, as is Stuart Thompson’s paper on the reputation challenge. Siobhan Holmes also continues her series of checklists with questions to ask about your school’s financial governance.
We include two technical updates on employment taxes and matters to include in this year’s governors’ annual reports of schools incorporated as large charitable companies. We also provide tips for when you put your audit out to tender and some pointers from the Academies sector.
I hope you enjoy this publication and do contact the authors if you have any comments or questions.