Chalking out the future
For over 75 years, Reeves+Neylan have acted for clients in the educational sector. Today, they include public and preparatory schools, colleges of further education and major educational charities.
Most educational establishments face similar financial problems and can benefit from our long experience and advice. For example, the major expenditure borne by educational institutions is that of wages, salaries and, increasingly, pensions, so an effective framework of financial systems and controls is vital. Similarly, all educational establishments face the pressure on sourcing income.
The 2002 Education Act, the 1998 School Standards and Framework Act and 1988 Education Reform Act have all introduced major changes affecting the management of schools and colleges at all levels. Even now, education is once again in the spotlight as the Government seeks to overhaul the state education system.
As registered auditors we act as both internal and external auditors for schools and colleges under the guidelines instituted by the Department for Education and Skills and the higher and further education funding councils.
We work closely with our educational clients because the more we learn about their requirements, the more we can teach them how to improve their financial management and business opportunities.