Insights

Monday update

18 November 2024

Times are tough financially for many charities right now – and planning for the long-term can feel almost impossible when you’re focused on getting through the day-to-day.

However, taking steps to ensure your charity’s financial sustainability is critical to safeguarding its future. It’s an essential topic for trustees to understand and have oversight of. And it’s essential for the finance and leadership teams too.

So, where do you start?

For this week’s Top Tips for Charities, the team at @North West Numbers share their FREE guide to building long-term financial sustainability in charities. It explores:

✅ Diversifying your income streams

✅ Creating a reserves fund

✅ Investing in robust financial planning

✅ Developing financial leadership

✅ Regularly reviewing and adapting your strategy

👉 Read it in full on our website for practical steps to help your charity take action here: https://bit.ly/3ZaNFh9

Have a great week!

#charity #charities #nonprofit #thirdsector #strategy #strategicplanning #finance #charityfinance #governance #trustees #CharityIntelligence

 

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