What controls you need to put in place to stop errors creeping into your accounting, and to reduce the risk of fraud
Internal controls are the things you do to help manage the risk of an error or a fraud
How to be aware of the risk factors relating to fraud and take steps to protect your organisation.
The difference between audits and independent examinations and how to prepare for both
The basic principles of bookkeeping are the same for charities as for other organisations, you just need to be aware of the slightly different emphasis and the need to keep restricted funds separate.
Guidance around planning your finances and setting up budgets
Guidance on creating a financial strategy and what you need to include
A pre-built spreadsheet that calculates your income percentages when you input your current funding and future targets
How to create budgets, cashflow forecasts and understanding the cashflow process
Learn about what budgets and cashflow forecasts are and how to write a budget
Use this tool to help you identify the forces working for and against a particular option
Use this tool to help your organisation explore tradeoffs
Important things to consider before deciding to close your voluntary organisation
Every voluntary organisation should regularly ask whether it’s still well placed to achieve its goals
If your organisation is still financially viable, you may want to consider alternative options to closure
Whatever your reasons for considering closure, you’re likely to have legal responsibilities to follow
Steps you need to take before closing your organisation
Depending on your route to closure and your legal structure, you may have different legal duties and wider responsibilities
Once the decision has been made to close, you’ll need to decide who to inform and how to inform them