External Accounting Support for HfH/HCBS

Concepts

• finance and insurance
• accounting services
• wholistic finance support
• quarterly management accounting report
• various finance and accounting functions
• accounting
• financial information
• informed financial advice
• annual financial budget reports
• board members

Location

London

Description

Liaising with Council officers to obtain relevant information in providing various finance and accounting functions. Supporting the budget setting process and support in developing the medium-term financial plan. Producing annual financial budget reports.

Total Quantity or Scope

This is a service contract aimed at providing wholistic finance support to Homes for Haringey and Haringey Community Benefit Society (HfH & HCBS) 1. Overview of the Requirement • Liaising with Council officers to obtain relevant information in providing various finance and accounting functions. • Supporting the budget setting process and support in developing the medium-term financial plan. Producing annual financial budget reports. • Supporting the quarterly forecast of spending and producing quarterly management accounting report to the boards of both organizations. • Raising and processing journals, where required. Reviewing both companies' balances, including Income and expenditure -to facilitate informed financial advice to officers and board members. • Regular bank reconciliations and intercompany balances reconciliations. Any other reconciliations required to ensure accuracy and completeness of financial information. • Processing of journals- quarterly and raising of accruals at year end. • Preparation and filing of VAT returns and ensuring that both companies' practices are compliant with VAT regulations. • Prepare the corporation tax returns and file for the relevant company. Providing advice on taxation matters. • Liaising with HMRC in relation to Tax/VAT matters for both countries. • Liaising with IT, Finance, or any other team in the Council - to ensure that sound financial support/services is provided to both companies. Any ad-hoc financial information requested by senior officers or the board of both companies.

Award Detail

Renewal Options

Contract is for 24 months with the option to extend for a further 12 months due to performance

Award Criteria

CPV Codes

• 66000000 - Financial and insurance services
• 79211000 - Accounting services

Indicators

• Options are available.
• Award on basis of price.

Legal Justification

This was done in line with the council's contract standing orders