Finance

This document offers essential guidance on managing organisational risk through appropriate insurance, detailing both compulsory and recommended types such as employers’ liability, motor, public liability, property, professional indemnity, and trustee indemnity.

It emphasizes the importance of thorough risk assessments, working with authorised insurers, maintaining accurate records, and ensuring volunteers are covered.

Additional advice includes considerations for international operations, understanding policy terms, and the role of brokers, with good governance and clear procedures highlighted as key complements to insurance coverage.

This document offers practical guidance for managing group finances responsibly and transparently, emphasizing that financial oversight is a shared responsibility among all committee members.

It outlines steps for opening a bank account, including proof of non-profit status and the need for dual signatories, and provides advice on secure use of internet banking and debit cards.

Regular account monitoring, effective budgeting, and future planning are encouraged to support the group’s sustainability and accountability.

This document provides a step-by-step guide for voluntary and community groups to develop and manage effective financial plans through inclusive budgeting.

It highlights the importance of transparency, accountability, and financial stability by identifying all costs, estimating realistic figures, accounting for staff expenses, and listing income sources.

Groups are encouraged to balance budgets, address deficits, and formally approve plans through committee meetings, ensuring sound decision-making and sustainable operations throughout the financial year.

This document offers practical guidance for voluntary and community groups to manage their finances consistently and transparently.

It emphasizes the importance of having clear financial procedures, regardless of group size, to ensure accountability and build trust with funders.

Key considerations include maintaining appropriate financial records, managing petty cash, setting spending limits, defining the financial year, and determining how and when the treasurer reports to the committee.

Establishing and sharing these rules helps groups operate smoothly and demonstrate responsible financial stewardship.

This document provides a structured approach for voluntary and community organisations to develop a clear, strategic plan for their future, typically over a three to five-year period.

It outlines the importance of reviewing the current position using tools like SWOT and PESTEL analyses, revisiting the organisation’s vision, mission, aims, and objectives, and then formulating a realistic and actionable plan.

The guide details how to write a comprehensive business plan, including sections on organisational profile, market analysis, strategic direction, resources, finance, risk management, and an action plan. It emphasizes clarity, inclusivity, and evidence-based planning to support sustainability, attract funding, and guide organisational growth.