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The Turing Scheme has opened up incredible opportunities for students across the UK to study and work abroad. As one of the most extensive global programmes, it has seen remarkable participation since its launch in 2021-2022. However, with these opportunities come financial responsibilities and the need for proper auditing and certification of expenditures. Here at Henderson Loggie, we are well-versed in handling these requirements.
What is the Turing Scheme?
The Turing Scheme is the UK government’s global programme to provide funding for international placements across the world. Named after the renowned mathematician Alan Turing, the scheme is designed to provide opportunities for students to gain life-changing experiences by studying or working in various countries. This initiative supports students from schools, colleges, and universities, fostering global understanding and collaboration.
It’s worth noting that the Turing Scheme operates on an academic year basis, running from September 1st to August 31st. This coincides with the typical timeframe for end-of-year audits, making it a timely consideration for institutions currently planning Turing Scheme projects.
Our Experience with Turing Scheme Audits
Since the inception of the Turing Funding Programme in 2021-2022, Henderson Loggie has been actively involved in auditing and certifying expenditure for institutions participating in the scheme. Our team of expert auditors ensures that all financial aspects of the funding are thoroughly reviewed and certified, meeting the strict requirements set forth by the programme.
Certification Requirements for Turing Scheme Funding
For Further Education (FE) and Higher Education (HE) establishments that receive more than £40,000 in funding, a certification of expenditure is mandatory. This certification process involves a detailed examination of all expenditures to ensure compliance with the scheme’s guidelines. We understand the importance of this certification for institutions to continue receiving funding and maintain their good standing with the programme.
Annual Certification of Funding
One critical requirement of the Turing Scheme is the submission of an annual certificate of funding. This certificate must be submitted alongside the final report within 28 days of the project’s end date. Henderson Loggie has extensive experience in preparing these certificates, ensuring that all documentation is accurate, comprehensive, and submitted on time. Our meticulous approach helps institutions avoid any potential issues or delays in their funding processes.
Case Study: Our Certification Achievements
To highlight our expertise, let’s look at some of our achievements over the past two years. For the academic years 2021-2022 and 2022-2023, Henderson Loggie certified a total of £4,184,559.00 in funding for our clients. This significant amount reflects our capability and reliability in handling large-scale audits for educational institutions.
Why Choose Henderson Loggie for Your Turing Scheme Audits?
- Expertise and Experience: With years of experience in grant audits, particularly for educational institutions, our team brings unparalleled knowledge and skill to the table.
- Tailored Approach: We understand that each institution has unique needs and challenges. Our tailored approach ensures that we address specific requirements and provide personalised service.
- Timeliness and Accuracy: We pride ourselves on delivering accurate and timely certifications, helping institutions maintain compliance and secure their funding without any hitches.
- Comprehensive Support: Beyond audits, we offer comprehensive support and guidance to help institutions manage their funding effectively.
How to Get Started
Ensuring your Turing Scheme funding is correctly certified is crucial for the continuity and success of your international programmes. Henderson Loggie is here to help you every step of the way. Our team is ready to assist you with all aspects of the certification process, providing peace of mind and allowing you to focus on delivering outstanding educational experiences.
To learn more about our services or to get started with your Turing Scheme audit, please use our contact form to get in touch with us. Our friendly and knowledgeable team will be happy to answer any questions and guide you through the process.
Conclusion
The Turing Scheme offers incredible opportunities for students across the UK, but it also comes with stringent financial requirements. Henderson Loggie’s expertise in certifying expenditure ensures that your institution remains compliant and continues to benefit from this invaluable programme. With a proven track record and a dedicated team, we are your trusted partners in managing Turing Scheme audits.
Don’t let the complexities of certification hold you back. Contact us today through our contact form and let us help you secure your Turing Scheme funding with confidence.