How to build financial sustainability in the coming environment
It’s not surprising that during the pandemic most charities have seen their income change dramatically. Some have seen their income increase, but for most this has been a difficult time, with pro-bono economics suggesting that “Charities face a £10bn funding gap over the next six months due to Covid-19”. At the same time demand for services has increased significantly.
With finances moving so much, how do you ensure financial sustainability? And your future viability?
Our work has shown that ensuring financial sustainability is often about getting the basics right, and understanding the interplay between income and expenditure, cost recovery, cash flow, restricted and unrestricted reserves, and your balance sheet. It’s also about understanding your business model.
Our Moore Kingston Smith Fundraising & Management finance team will show you how to build financial sustainability and explain why predictable income streams matter.
If you would like to submit a question to our panel in advance of the webinar, please contact firstname.lastname@example.org.
Date: June 25, 2020
Time: 16:00 – 17:00 BST
Managing Director, Moore Kingston Smith Fundraising & Management
Director (Finance), Moore Kingston Smith Fundraising & Management