Financial Best Practice Business Guide
Introduction
Organisations should use this guidance to check that their current financial procedures are accurate and complete, and if gaps are identified implement the guidance shown. In addition to guidance notes in the Financial Best Practice Guide see also the 'Read more' section to view the examples mentioned in the guide. This guide will be continuously reviewed and updated to reflect changes to best practice and also to add new material. To view this guide and other related documents please document section below.
How to build a budget
Management committees should use this document as a starting point when framing or reviewing the budget for their organisation. It shows a detailed list of categories of receipts (income) and payments (expenditure).
Advice and guidance on contingency funding
The purpose of this document is to give a guide to the type of things that should be thought about when planning a contingency fund for your setting, such as redundancy and long-term sickness.
Business planning
A guide to the contents of a business plan based on information required by the main high street banks and as such can be used to produce, at best, a draft business plan for presentation to a bank.
Risk assessment
The aim of this document is to address some of the risks an organisation faces during its operational life. It is good practice for an organisation to identify significant risks and have in place an action plan to address these.
Closing a setting
Should a decision be taken to close a setting this document gives guidance on the procedures to follow.
Applying for additional funds from companies
There are a number of issues to consider when applying to a company for a donation or a grant. This document gives some advice and guidance and also lists some companies that may give donations or grants.
Sources of additional funding
The purpose of this funding fact sheet is to outline other funding sources that you may be able to access. The funding sources are specific to the south-west of England and vary in amounts.
These guidance documents are available to download below.
For further information please contact the business and financial development worker on 01454 862368 or the business and finance support officer on 01454 863250.
Financial Best Practice Business Guide
Introduction
Organisations should use this guidance to check that their current financial procedures are accurate and complete, and if gaps are identified implement the guidance shown. In addition to guidance notes in the Financial Best Practice Guide see also the 'Read more' section to view the examples mentioned in the guide. This guide will be continuously reviewed and updated to reflect changes to best practice and also to add new material. To view this guide and other related documents please document section below.
How to build a budget
Management committees should use this document as a starting point when framing or reviewing the budget for their organisation. It shows a detailed list of categories of receipts (income) and payments (expenditure).
Advice and guidance on contingency funding
The purpose of this document is to give a guide to the type of things that should be thought about when planning a contingency fund for your setting, such as redundancy and long-term sickness.
Business planning
A guide to the contents of a business plan based on information required by the main high street banks and as such can be used to produce, at best, a draft business plan for presentation to a bank.
Risk assessment
The aim of this document is to address some of the risks an organisation faces during its operational life. It is good practice for an organisation to identify significant risks and have in place an action plan to address these.
Closing a setting
Should a decision be taken to close a setting this document gives guidance on the procedures to follow.
Applying for additional funds from companies
There are a number of issues to consider when applying to a company for a donation or a grant. This document gives some advice and guidance and also lists some companies that may give donations or grants.
Sources of additional funding
The purpose of this funding fact sheet is to outline other funding sources that you may be able to access. The funding sources are specific to the south-west of England and vary in amounts.
These guidance documents are available to download below.
For further information please contact the business and financial development worker on 01454 862368 or the business and finance support officer on 01454 863250.