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haysmacintyre ISBA Conference Briefing 2015

12th May 2015

Welcome to this special ISBA Conference edition of Schools Briefing.

We are on the way to approving the 2015/16 budgets, fee letters have been sent and it is the lull before the year end storm. For this conference edition we have put together a selection of articles that we hope you will find interesting and thought provoking. Over the last four months the Charity Commission have provided a number of updates and I have provided a brief summary of some of the changes that  may affect schools. We are seeing an increasing number of endowed schools question the accounting treatment of improvements to properties which sit on endowed land and Richard Weaver highlights some of the issues.

As we move to the end of another academic year, our legal article looks at whether gap year students are entitled to be paid? Sue King from Wrigleys Solicitors carefully steers us through what we should and shouldn’t be doing.

Many of you will have been at the launch of the ‘Ten Trends, Factors and Shifts affecting education’, a major new report by RSAcademics. Russell Speirs and his team interviewed over 200 heads, bursars, chairs of governors, governors and educational professionals and academics, as well as representatives from the legal, accountancy and banking sectors, and identified key areas affecting the sector. Heather Styche-Patel focuses her article on three of the trends she believes are of particular interest to bursars: governance, edtech and affordability.
Our specialists, Phil Salmon and Nick Bustin give us a quick update on tax issues including sporting lets, abolition of the contracted-out National Insurance rates and the end of the £8,500 earnings threshold.

We are grateful to all our guest writers. As advisers to you and the sector it is important that we continue to challenge and support you. I hope you enjoy this edition and we value your feedback and suggestions for the future.

For more information please contact:

Tracey Young, Partner
T 020 7969 5654 E

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