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What sets Tim apart?
Tim is an experienced audit and general practice partner, advising and servicing a wide range of commercial and not-for-profit organisations.
Being a Chartered Tax Advisor (CTA), as well as a Chartered Accountant (FCA), he is very well placed to work closely with our tax specialists, combining their advice with his commercial and accounting experience to identify and implement solutions for clients. Being totally client focussed, he likes nothing more than to help clients fulfil their aims and ambitions.
His significant not-for-profit portfolio includes charities and education establishments. He was amongst the early candidates to be awarded the specialist Diploma in Charity Accounting (DChA) after the qualification’s launch. He is secretary to the grant-making charity, Northcott Devon Medical Foundation and is trustee/treasurer of the £1.5m income charity, Age UK Exeter.
Tim is a lead partner in respect of the firm’s financial services clients that are regulated by the Financial Conduct Authority.
Other commercial clients are from a broad range of sectors, covering building trades, caravan parks, care homes, farming, holiday lets, manufacturing, publishing, professional services, property development and investment, retail, software development and wholesale. Internationally, he has UK clients that are US owned and clients operating overseas subsidiaries.
Tim is a representative of the ESFA Academies finance and assurance Working Group 3, who support the ESFA Steering Group in its work programme to enable the ESFA, DFE and Academy Trusts to work collaboratively. Tim’s group is focused on the development of the Academies Accounts Direction, reviewing outcomes from the main strands of ESFA assurance work, development of sector guidance and liaison with DfE and ESFA to improve capability and financial awareness amongst trusts seeking to grow.
Tim's service expertise
Audit
- Experience delivering external audits for owner-managed businesses, not-for-profit entities and organisations with wider share ownership/membership
- Experience of grant audits, both under grant streams from UK central and devolved government and for European funding streams, including INTERREG
- Acting for clients in various regulated sectors, conversant with assurance reports to The Financial Conduct Authority as well as audit reports under the Companies Act, Charities Act, Co-operative and Community Benefit Societies Act and Pensions Act
- Heavily involved in the academies sector since the coalition government introduced its expansion programme in 2010
Education
- Advising clients on integrated tax and commercial strategies
- Group structuring for both commercial and not-for-profit clients, for both business and asset protection as well as from a tax perspective
- Advising clients on management reporting to maximise their understanding of the financial aspects of their business
Tim's sector expertise
Charities
- Significant advice over many years to charities covering a wide range of issues concerning property, trading, incorporation, borrowing, acquisition and merger, closure and corporate structure
- Advising trustees on their legal responsibilities, management of risk and governance issues
- Very adept at coordinating advice from VAT, other tax and corporate finance specialists to deliver holistic solutions
Education
- Lead partner on the first academy trust Bishop Fleming acted for and now has an extensive portfolio of multi and single unit academy trusts
- Sits on a steering group at the Education and Skills Funding Agency and has presented at the ICAEW Academies Conference and is a regular contributor at Bishop Fleming academy seminars
- Acted for independent schools for over 20 years, advising on a wide range of structure and commercial issues, as well as audit and other compliance matters.
- Tim has acted for all the firm’s FE clients over the years
Financial Services
- Lead partner in respect of the firm’s financial services clients that are regulated by the Financial Conduct Authority. Clients include corporate finance providers, investment managers, independent financial advisors, insurance and mortgage brokers and lenders
- Assists in registering and deregistering businesses with the FCA
- Offers integrated advice in respect of capital adequacy, group structure, asset protection and tax efficiency
Testimonials
Tim was appointed as a Trustee and Treasurer of Age UK Exeter just over five years ago, after we undertook a search for a local accountant active in the charity sector. Since his appointment, he has supported our finance staff to streamline our accounting processes to facilitate the production of accurate and reliable monthly management accounts such that we no longer have year-end audit adjustments. He deals with a huge range of ad hoc queries covering accounting treatments, banking and finance, tax, VAT as well as longer term strategic planning. His advice in respect of the presentation of accounts and other financial information to the outside world has been really helpful. His knowledge of the regulatory regimes surrounding charities is very extensive and invaluable to us. We have also benefitted from the specialist support that he has from within his own firm. Tim has an easy-going manner and the very valuable ability to communicate complicated financial information in a way than non-specialists can readily understand and act on. He is a huge asset to the charity.
Martyn Rogers, Age UK Exeter
