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Financial management

Questions you might ask yourself

  • Do we have the appropriate knowledge and skills to ensure that we manage our finances effectively?

  • Does the board interrogate our financial reports regularly and robustly?

  • Do they have the necessary knowledge to do so?

What success looks like

  • We employ and/or are supported by individuals with appropriate knowledge and skills to ensure that we are effectively managed and meet statutory requirements.

Resources

ACEVO

ACEVO is the Association of Chief Executives of Voluntary Organisations, catering for third sector chief executives, chairs, trustees and senior managers.

KnowHow Non Profit

KnowHow Non Profit is a website which offers information, tips and ideas, and an online space for people to share what they have learnt with others. To take part in discussions and ask questions, it is necessary to register (free of charge), but much of the site is available without the need to register.

Mission Models Money

Mission Models Money is an independent, sector-led initiative addressing the challenges faced by individual arts and cultural organisations and their funders in developing mission-led, organisationally and financially resilient businesses. It aims to test ideas for responding and adapting to the numerous and complex trends affecting non-profit distributing arts and cultural organisations.

  • A report into New and Alternative Financial Instruments together with some case studies of how Charity Bank has helped some organisations successfully invoke loan finance. Explores how cultural organisations can move beyond a sole dependence on grant finance.

    http://www.scribd.com/people/documents/20325117/folder/148947

National Council for Voluntary Organisations (NCVO)

The National Council for Voluntary Organisations (NCVO) is an organisation which "gives voice and support to civil society" by supporting the voluntary and community sectors with advice and information.