Download Preparing for a Grant Audit
How to get your Independent Accountant’s Report ready – even if your deadline is close
Click here to downloadThe guide that helps you get your Innovate UK claim approved and paid
You won the grant, started the work and invested the money. Now you need claim it back.
If an Independent Accountant’s Report – a Grant Audit – is due with your claim, Innovate UK will not pay until it has been accepted.
Our free guide explains what an accountant needs to check, which records you need and how to hit a tight deadline.
It is written by Miles Girdlestone FCA, who heads our Grant Audit team. He has audited projects from agri-tech to AI and has a keen eye for common errors that can cause you problems when it comes to making your claim.
What’s inside the guide?
- When you need an Independent Accountant’s Report – and how many. The £50,000 threshold, the standard reporting schedule and where to find your own dates.
- What the accountant actually checks. The six tests behind every report, and why it is not an audit of your annual accounts.
- The records you will need. Labour, subcontractors, capital usage and payment evidence, set out category by category.
- The seven problems that delay claims most often. Including records that can’t be traced to a payment, costs outside the grant period, figures that do not agree across schedules.
- How to structure your audit file. The four groups of information to keep, and how to organise them across multiple claim periods.
- A ten-minute monthly check. A short routine that helps prevent the last-minute scramble before a deadline.
About THP Chartered Accountants
We are independent grant auditors for Innovate UK, UKRI and other publicly funded projects. Our grant audit fees start from £995 plus VAT, agreed before we start work.
Deadline close? Call Miles on 0800 6520 025. He will tell you what he needs and whether your timetable is achievable.
Download the Guide
Complete the form below to download the guide.
