Registered providers don’t exist to make money for the sake of it, they exist to provide homes and services to their customers and the communities they work in. But providers which aren’t financially sound risk being unable to deliver anything.
How we can help
We can help you to ensure that your organisation has a sound financial base by providing a variety of services to meet your needs.
Helping you with business planning and financial forecasting
From time to time, providers need to refresh their business plans and the associated financial forecasting. We can help you to develop your business plan and ensure it is reflected in updated financial forecasts, including advising on suitable assumptions to underpin those forecasts and appropriate golden rules.
Validating your business plan
It might be that you have a business plan and financial forecasts on which you would like some additional assurance. We can take a look at the assumptions which your plans are based on, comparing them with previous performance, sector norms and forecast data, assess to what extent the forecast outputs provide financial headroom to accommodate unexpected events and consider whether the numbers hang together with the narrative elements of the business plan.
Preparing management accounts and financial statements
Management accounts are a key aspect of understanding how an organisation is performing, whilst filing financial statements is both a legislative and a requlatory requirement. We can advise on the format and content of both management accounts and financial statements and we can also assist you in their preparation if you require additional input.
Conducting a financial health check
It can be useful for a fresh pair of eyes to take a look at an organisation’s financial health. We can undertake a financial health check for you, covering matters such as financial reporting, assumptions used in forecasts, covenant compliance, golden rules, stress testing, funding arrangements and the management of financial risks. We can tailor our approach to focus on any areas that you have particular concerns or uncertainties about.