Finance (F1D)

Align the financial strategies with all other strategies to ensure consistency of approach and funding efficiencies.

Details

We will ensure the finance strategy aligns and integrates with all other strategies to ensure there is no conflict, that all funding needs have been identified together with their timing, that all areas of potential impact have been identified and assessed and that there is a common shared timeline associated with their implementation.

We will carry out a regular review of progress in other strategies to ensure that the alignment continues going forward. Any variations will be captured and, if material, will be incorporated into the financial forecasts after quantification and reported upon. Our financial systems, policies and reporting tools will be adapted where necessary to ensure that these changes are quickly identified and quantified.

Key Performance Indicators:

11. Current Ratio

12. Annual contribution %

13. Total reserves £000s

14. Gearing