haysmacintyre's Schools Briefing - Spring 2021
Welcome to the Spring 2021 edition of our briefing for independent schools.
When I wrote my editorial this time last year I commented that we now had some certainty following the decision to leave the EU — little did I know what was to come!
One of the few benefits of the pandemic has been the prioritisation and management of staff wellbeing. We start this briefing with our managing partner referring to some of our wellbeing initiatives at haysmacintyre that have also helped raised money for our charity partner, Central London Samaritans.
Siobhan Holmes outlines how Governors’ Reports can be used to highlight the impact of schools’ activities, not only on its beneficiaries and pupils, but also on its staff, the wider community, and the environment.
Most schools’ non-charitable trading activities suffered greatly last year, particularly due to the loss of lettings income over the summer. Louise Veragoo considers the Corporation Tax implications for the trading subsidiaries.
We also include articles from Jane Askew on the merits of having separate school foundations and from Andrew Roberts on three new auditing standards which will have a significant impact on this year’s audits.
As always, I hope you enjoy reading this publication and do let the article’s author, me, or your regular contact know if you have any questions concerning the matters discussed.
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