Sectors

Stanley Yule offer a wide range of core services.

In addition to these, we also offer specialist services to our diverse client portfolio. Some examples of the wide range of sectors that we service are:

Owner managed businesses

We work with a broad mix of owner managed businesses who operate in very different markets and conditions. Each one has different needs and reporting requirements.

Stanley Yule supports sole traders, partnerships and limited companies at every stage of their development.

Whatever the service that they require, whether it be accounts preparation, management reporting, VAT compliance or tax advice, we will be able to satisfy their requirements.

Charities

The Charities SORP (Statement of Recommended Practice) is the framework for accounting for, and reporting on, a charities activities.

All charities with a gross income over £25,000 require their accounting records to be externally scrutinised and must file their Trustees Report with the Charity Commission.

The level of reporting will vary depending on the type and size of charity. For example, if a charity is also registered under the Companies Act then they will also need to submit their financial statements to Companies House in the correct format.

We regularly attend training courses to ensure that we are technically up-to-date with any new legislation that may impact on our charity clients.

We can advise on setting up a charity, demonstrating public benefit, SORP compliance, VAT matters, Gift Aid, internal controls and trustee responsibilities.

Academies

Since the introduction of the Academies Act there has been a steady rise in the number of schools opting to convert to academy status and taking advantage of the benefits of being an academy such as more control over budgets and setting their own staff pay and conditions.

If you are contemplating a conversion to academy status then we can guide you through the process and advise you of the funding that is available.

If you are already an academy then we will ensure that the financial statements are prepared in accordance with the regulations with the minimum of fuss.

We can prepare and file VAT Returns for VAT registered charities and advise on the advantages and disadvantages of VAT registration.

We can assist with the recovery of VAT incurred on goods and services by making claims under the VAT Refund Scheme.

Pension schemes

The annual statutory audit of a scheme’s financial statements is a legal requirement of the Pensions Act 1995.

We will audit any size and type of pension scheme, whether it be defined benefit, defined contribution or a hybrid scheme.

Good quality member records are crucial as incorrect or incomplete member records can result in incorrect financial transactions. We will advise on record keeping and the expectations of the Pensions Regulator.

We will support the trustees to ensure that they meet their duties to members and liaise with pension scheme managers to make sure that we perform our duties effectively.

Our risk based approach pinpoints the key risk areas. Any significant deficiencies that we find will be reported to the trustees in our management letter at the end of the audit.

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