News & Blog

The latest press releases and opinion from Bishop Fleming

Academy catering – food for thought

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Academy catering is becoming a hot issue, with trusts looking to bring their catering in-house to secure greater control over the range of food offered to students. It also provides an opportunity to generate more income by being…

Overdrawn Director’s Loan Account & Insolvency

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A director’s loan account arises where a director removes more money from his or her company than they introduced. Until the director repays the amount overdrawn, this will appear as a loan on the company’s…

Academy Trust Audit Committee- new requirements

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The new 2016 Academies Financial Handbook has expanded the remit of the audit committee within an Academy Trust. There are two key points that all Trusts must be aware of as follows: Paragraph 2.4.5 states…

Auditors asked to police charity sector

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Auditors are increasingly being asked to "police the charity sector", and proposals to widen the range of issues on which they have to report could harm the relationship between charities and their auditors, claims a leading finance…

Fleur Lewis, travel industry Bishop Fleming

Travel industry recognition for Top 40 accountancy practice

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Bishop Fleming, have been named by the Civil Aviation Authority (CAA) as registered to perform ATOL reporting for the travel industry. The mid-tier firm, with offices in Bath, Bristol, Exeter, Plymouth, Torquay, Truro and Worcester…

Nathan Coughlin, Audit Director at Bishop Fleming

New Audit Director at Plymouth accountants

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Top 40 accountants, Bishop Fleming, has recruited Nathan Coughlin as Audit Director for their growing Plymouth office. Nathan is a Chartered Accountant with nearly two decades of experience in the audit profession, working with a…

Charities face decline in public trust

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The Charity Commission has published a study showing a decline in public trust and confidence in Charities. Key Findings The overall level of trust and confidence in charities has fallen to 5.7 out of 10. This is a…

Big task to convert schools to academies

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Joe Scaife, head of Bishop Fleming's Schools team, looks at the task to convert the rest of schools to academies in the next four to six years. Assuming that there are no changes in government…

Official Receiver increases its fees

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The Official Receiver is raising its fees for bankruptcies and company insolvencies, as well as introducing new fees. From 21 July 2016 the costs of presenting a bankruptcy or winding-up petition will change, following a…

Material significance for charity auditors

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Changes are proposed to the list of matters of material significance that auditors need to report to the charity regulators. The Charity Commission for England and Wales (CCEW), the Office of the Scottish Charity Regulator (OSCR)…