This free digital resource from the Sage Foundation can help larger charities to build a financially sustainable future
Recent events have led to widespread change and an ongoing process of digitisation within the UK charity sector.
Many aspects of charity work have been transformed, such as remote working, digital fundraising and online service delivery. Now that charities have had these procedures in place for some time, it is a good opportunity to evaluate the efficacy of your digital processes.
It is important that this evaluation extends to finance. Many charities have neglected finance management in favour of other priorities.
But in a post-pandemic world, charities will face additional challenges. The key challenge will be balancing increased demand for services with a downturn in funding. Improved finance management can help charities to do just this.
By providing transparency, and showing funders how money is spent (and that it is used effectively) charities will be able to provide accountability to their stakeholders. This will make them a more attractive prospect for potential funders.
This checklist includes a quick assessment tool outlining all the information a charity will need to judge the levels of maturity of their financial processes.
It also includes essential steps to achieving the high levels of Organisational Financial Literacy that will enable charities to build a financially sustainable future.
Download this free digital resource to learn more