Benefits of a DRC Valuation

How an Accurate DRC Valuation Benefits Your Academy

An accurate DRC valuation offers several key advantages:

• Compliance with Accounting Standards: Ensures compliance with SORP 2019 and FRS 102, satisfying all regulatory requirements.
• Reliable Asset Value for Financial Planning: Helps with budgeting, strategic planning, and estate management by providing an accurate reflection of asset value.
• Supports Audit & Funding Applications: A precise valuation can be crucial for audit success and securing future funding.
• Estate Management & Long-Term Planning: With a clear understanding of the asset’s value, academies can plan more effectively for repairs, upgrades, or expansion.
• Reduced Risk of Audit Discrepancies: Ensures that your financial statements are correct and robust, minimising the risk of issues with auditors.

How an accurate DRC valuation helps academies:

• Meet Annual Financial Reporting Obligations: Ensure accurate and transparent reporting of asset values in your financial statements.
• Ensure Audit Compliance: Make sure your financial statements meet auditing standards, reducing the risk of discrepancies.
• Support Funding Applications & Financial Planning: Accurate asset values improve financial planning and help secure future funding.