Notes

Question 1

Trade Subscriptions SH

Answer 1

Business in the community (BITC) 13,000

South Cheshire Chamber patron 6,000

Automotive 30% club. 6,000

Question 2

Charity SH

Answer 2

Cheshire community foundation 20,000

BENM donation 10,000

Donations in
Donations out
Branded goods e.g.1,200

Question 3

Recruitment

Answer 3

Linked in 82,000

SHL(or alternative) 15,300

Total jobs 10,000

Vacancy advertising budget 16,600

Marketing/SEO activities 21,000

Future Talent events 5,000

Question 4

CEO budget breakdown

Answer 4

Mews 96,000

Leadership 150,000

Colleague briefings 2x35. 70,000

Question 5

OHC Professional Fees

Answer 5

Doctor 93,000

Physio 46,000

MH 60,000

Aquarius 7,000

OHA cover/counselling 9,000

Question 6

Bank Charges - codes

Answer 6

SD(e.g. grant guarantees) - 8300110

CG(letter of credits) - 8300100

Other - 8300100

Question 7

Bank charges - budget

Answer 7

GTP(treasury service fee)
Support in Brussels, IT system charges etc.
Annual DLV ( need to accrue)

General
Wholesales x Average
Pro rata based on previous year

• Beth email - extra £200k from 2021 onwards

Question 8

Trade Subscriptions (Finance)

Answer 8

Invoiced by VW (UK)

Based on previous year turnover

Approx £43k in 2020

• Need to accrue as invoices can be years late!

Question 9

DLVs (Finance)

Answer 9

Vokus approx €45k

Other e.g. Compliance, GDPR etc.

Question 10

Legal (trademarks)

Answer 10

Marks and Clark

• most advise
• need to accrue (check where invoices up to e.g. last month)

CPA
- renewals

Eversheds
-Clothes 1962

Question 11

Legal (legal claims)

Answer 11

• small claims ( including some pay offs)

- uninsured for 2 years

Question 12

Legal (prof fees)

Answer 12

Small extra legal advise

Any large legal advise should be paid by function

Question 13

Dead clic

Answer 13

Debit:
Expense
Asset
Drawing

Credit:
Liability
Income
Capital