Whatever the size of your organisation, sound financial management is essential for sustainability. Rather than being seen as a separate function (just 'doing the books'), the finance function should be integrated within, and add value to, your organisation’s fundraising and overall planning activities.
Knowhow Nonprofit is our main advice and support website. View our financial management resources on Knowhow Nonprofit. We also have free template policies and resources for NCVO members, including a risk register and business plan.
Studyzone video training courses
Studyzone is our video training platform and is free to NCVO members. Watch our courses on financial management straight from your desk:
- Fundraising, finances and the future: five-in-one training pack
- Preparing project budgets: 30 minutes beginners' guide
- The essentials of charity finance
CaSE Insurance offer great value and high quality insurance cover for your organisation.
In partnership with Scottish Widows and financial advisers Lucas Fettes, NCVO has created a competitively priced workplace pension and employee benefits scheme for the voluntary sector. Lucas Fettes have a written an NCVO member guide on automatic enrolment and they have also produced a complete reference guide to pension reform.
Look at all our finance suppliers.
Charity Finance Group (CFG) seeks to inspire the development of a financially confident, dynamic and trustworthy charity sector. CFG works with finance managers to enable them to give the essential leadership on finance strategy and management their charities need. They do this by promoting best practice in charity finance, driving up standards and ensuring every pound given to charity works harder - it's essential to maintain the trust of charity donors.
NCVO is working in partnership with the Charity Finance Directors Group (CFDG), insolvency experts MacIntyre Hudson, and PricewaterhouseCoopers, to make the CFDG’s insolvency helpline available to the wider sector.
Many voluntary and community organisations are struggling financially at the moment, and if you’re one of them, you should get the right support as soon as possible. Early,
expert advice, combined with determination, can help you avoid closure.
Insolvency – also known as bankruptcy – is a complicated topic that is best addressed by a specialist rather than standard certified accountants.
Accessing timely, expert advice is vital. With the right advice, organisations exploring insolvency may avoid mounting liabilities, and could have options other than closure.
It may be time to seek specialist advice if you are experiencing:
- mounting debts
- less cash flow
- rising income gaps
- worries that you can't keep doing more with less.
There are no stupid questions, and the right advice at the right time could have a substantial impact on your organisation’s future. So if you are not sure if insolvency applies to your organisation, please ask now!
The free insolvency helpline is available by calling:
- Ian Oakley-Smith at PricewaterhouseCoopers on 0207 212 6023
- Peter Gotham at MacIntyre Hudson on 0207 014 8851.
Posted on March 28, 2017
Posted on March 26, 2017by Karl Wilding
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