Independent Accountant’s Reporting for Funding Bodies

At HURST, we provide expert Independent Accountants’ Reporting services to ensure your claims to funding bodies are accurate, compliant, and supported by robust financial evidence. Whether you’re applying for grants or other funding, our experienced team delivers tailored reports to meet specific funding body requirements.

Why Do You Need an Independent Accountant’s Report?

Many funding bodies, including Innovate UK, BEIS, Horizon Europe, and the National Lottery, require an Independent Accountant’s Report (IAR) as part of their compliance process. These reports help to:

Validate your claims: Demonstrate that the costs reported are accurate and in line with funding requirements.
Ensure compliance: Meet the terms and conditions set out by funding bodies.
Protect your funding: Avoid delays or clawbacks by providing clear and compliant documentation.

If you’re submitting a funding claim, an IAR ensures you meet these obligations while giving funders confidence in your reporting.

At HURST, we have a proven track record of undertaking grant claim and independent accountant’s reporting work. We understand the compliance and regulatory requirements and are highly experienced in providing advice and support in this area.

What Does an Independent Accountant’s Report Cover?

An IAR typically includes the following key areas:

Labour Costs: Validation of employee costs, working hours, and rates allocated to the funded project.
Subcontractor Payments: Verification of costs for subcontracted services tied to project activities.
Travel and Subsistence: Review of travel-related claims for accuracy and compliance with funding conditions.
Overheads: Assessment of overhead allocations to ensure they meet funder requirements.
Capital Expenditures: Evaluation of the use of capital items within the scope of the funding.

Our reports are tailored to meet the unique requirements of your funding body and project.

Our Approach

At HURST, we offer a proactive and tailored approach to Independent Accountant’s Reporting, ensuring that your claims process is seamless and stress-free. Our process includes:

Understanding Your Requirements: We work with you to understand the specific criteria and deadlines set by the funding body.
Detailed Review: We conduct a thorough review of your financial records, project costs, and supporting documentation.
Clear Reporting: We prepare a comprehensive report in line with the funding body’s guidelines.
Ongoing Support: If required, we liaise directly with the funder to clarify any questions or provide additional evidence.

Why Choose HURST for Independent Accountants’ Reports?

Specialist Expertise: With years of experience in funding compliance, we understand the complexities of grant reporting.
Tailored Service: We adapt our approach to your specific funding body’s requirements, ensuring compliance every time.
Proven Track Record: We’ve successfully supported businesses across sectors in securing and maintaining grant funding.
Trusted Advisors: Our team provides clear, actionable advice to help you navigate the funding process with confidence.

Who We Work With

We provide Independent Accountant’s Reporting services for businesses across a wide range of industries, including:

Manufacturing
Technology
Research and Development
Creative Industries
Education and Skills Providers

Whether you’re a small business or a larger organisation, we’re here to help.

Contact Us for Independent Accountant’s Reporting

If you’re preparing a funding claim or need an Independent Accountant’s Report, HURST is here to support you every step of the way.

Email: imagine@hurst.co.uk
Phone: 0161 477 2474

Get in touch today to learn how we can help you ensure compliance and secure your funding.

Frequently Asked Questions

1. What is an Independent Accountant’s Report (IAR)?
An IAR is a financial report prepared by an independent accountant to verify costs claimed as part of a funding application.

2. Which funding bodies require an IAR?
Funding bodies like Innovate UK, Horizon Europe, and BEIS often require an IAR as part of their compliance process.

3. How long does it take to prepare an IAR?
The timeline depends on the size and complexity of the claim, but we work efficiently to meet your deadlines.

4. What documents are needed for an IAR?
Typically, you’ll need to provide payroll records, invoices, receipts, and project-related documentation.