Business Planning Flashcards
What can the contents of a set of public limited company accounts include?
- Chairman’s statement
- Independent auditor’s report
- Income statement (profit and loss account) Statement of financial position (balance sheet)
- Corporate governance report
- Remuneration report
- Other statutory information
What can the contents of a set of public limited company accounts include?
- Chairman’s statement
- Independent auditor’s report
- Income statement (profit and loss account) Statement of financial position (balance sheet)
- Corporate governance report
- Remuneration report
- Other statutory information
What is a balance sheet?
Balance Sheet (statement of financial position) is a statement of the business’s financial position showing its assets and liabilities at a given date, usually at the end of a financial year
* Assets can include cash, property, debtors and other investments held
* Liabilities can include borrowings, overdrafts, loans and creditors
What is a profit and loss account?
Profit and Loss Account (income statement) is a summary of the business’s income and expenditure transactions, pre-pared usually on an annual basis
- Management accounts are prepared for internal use by a business and are not audited
- Audited Accounts are prepared by a Chartered or Certified Accountant
- A consolidated set of accounts comprises a number of individual subsidiary accounts for a company within a sin-gle set of accounts
- A cash flow statement shows all the actual receipts and expenditure to include VAT.
What is Peabody’s business plan
160 years the oldest and one of the largest not-for-profit housing associations in the UK.
merger with Catalyst in April 2022 over 104,000 homes and 220,000 customers across London and the Home Counties.
Our new purpose is helping people flourish.
Business plan: The Plan recognises the complex and sophisticated world in which modern housing organisations operate and reflects the priorities raised by our customers. Housing is being disrupted as for-profit providers are establishing a growing presence in the sector.
We are also aware of the challenges from the wider operating environment, in particular the new consumer powers of the Regulator, the increasing scrutiny of the Housing Ombudsman, and media and political scrutiny on the quality and safety of homes.
Also issue of government cap on social rents and rising inflation.
INVESTMENT IN EXISTING HOMES A priority providing effective and timely investment in our existing homes, ensuring building and resident safety, and becoming a net zero carbon organisation by 2050. commitment to provide high-quality services to our customers.
* IMPROVING SERVICES TO CUSTOMERS
* COMMUNITY INVESTMENT
* CARE AND SUPPORT
* Building safety and high-rise fire safety projects
* Equality and diversity
FINANCE Bringing Peabody and Catalyst together will create a new Group with an annual turnover of £1 billion and over £10bn of tangible fixed assets.
What is Peabody’s business plan
160 years the oldest and one of the largest not-for-profit housing associations in the UK.
merger with Catalyst in April 2022 over 104,000 homes and 220,000 customers across London and the Home Counties.
Our new purpose is helping people flourish.
Business plan: The Plan recognises the complex and sophisticated world in which modern housing organisations operate and reflects the priorities raised by our customers. Housing is being disrupted as for-profit providers are establishing a growing presence in the sector.
We are also aware of the challenges from the wider operating environment, in particular the new consumer powers of the Regulator, the increasing scrutiny of the Housing Ombudsman, and media and political scrutiny on the quality and safety of homes.
Also issue of government cap on social rents and rising inflation.
INVESTMENT IN EXISTING HOMES A priority providing effective and timely investment in our existing homes, ensuring building and resident safety, and becoming a net zero carbon organisation by 2050. commitment to provide high-quality services to our customers.
* IMPROVING SERVICES TO CUSTOMERS
* COMMUNITY INVESTMENT
* CARE AND SUPPORT
* Building safety and high-rise fire safety projects
* Equality and diversity
FINANCE Bringing Peabody and Catalyst together will create a new Group with an annual turnover of £1 billion and over £10bn of tangible fixed assets.
What is cash flow forcasting
Cash flow forecasting: A cashflow forecast is a plan that shows how much money you expect your business to receive and pay out over a set period of time. This is undertaken by the flow of information by providing data such as valuations and major project milestones etc.
Cash flows Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. A cash flow statement shows all the actual receipts and expenditure to include VAT.
What is a balance sheet?
Balance Sheet (statement of financial position) is a statement of the business’s financial position showing its assets and liabilities at a given date, usually at the end of a financial year.
What is the difference between a Cashflow statement and a Balance Sheet?
A cash flow statement = Shows the liquidity of the company - how much cash has entered and exited a business over a given period of time. Balance Sheet = A snapshot of a company’s finances at a given point in time, shows assets and liabilities.
What is an Escrow account
not assigned to one person. – account held by independent person – e.g. deposit protection scheme.
What is included in a set of company accounts?
Set of Company Accounts
1. Chairman’s Statement
2. Independent Auditor report
3. P&L
4. Balance Sheet
5. Corporate Governance Report
6. Remuneration Report
Statutory information
How do you value/a an OJEU tender?
15% on financial and economical standing
Operating profit margin – up to 7 marks for over 8%
Turnover
Spare capacity (order book / business plan turnover) – 5 marks if over 20%.; 5%
considered as overtrading (linked to working capital ratio)
Disclosure of any recent or anticipated events which would impact on the company’s
accounts
Disclosure of any insolvency, bankruptcy, criminal convictions, tax evasion etc. That
prevents the company from tendering under OJEU regulations 14
What is within Peabody’s business plan?
Business planning –
Peabody business plan: Business plan: The Plan recognises the complex and sophisticated world in which modern housing organisations operate and reflects the priorities raised by our customers. Housing is being disrupted as for-profit providers are establishing a growing presence in the sector.
We are also aware of the challenges from the wider operating environment, in particular the new consumer powers of the Regulator, the increasing scrutiny of the Housing Ombudsman, and media and political scrutiny on the quality and safety of homes.
Also issue of government cap on social rents and rising inflation.
Investing in existing homes. High quality service to customers. Building and resident safety. Net zero by 2050
FINANCE Bringing Peabody and Catalyst together will create a new Group with an annual turnover of £1 billion and over £10bn of tangible fixed assets.
What are the key components of a business
plan?
The HSBC Guide:
Summary
Business overview
Business strategy
Marketing
Team and management structure
Financial budgets and forecasts
Business Mentoring Scheme:
Objectives
Pricing Strategy
Staffing
Competition
Market Research
Contingency Planning
Financials
Legals
In relation to business planning for your service unit what would be the objectives of your own organisation?
Mission Statement
More Clients
Higher Fees
More Tenders Won
Better Client Retention
Less Costs
Survival
Balanced Scorecards
