How to redeploy restricted funds effectively
Free reserves allow charities to invest in innovation, new services, raise more income or cover funding gaps. However, restricted reserves often make up most of a charity’s reserves, so maximising their use can make a big difference. In this article, we look at how to redeploy restricted funds effectively. Not all restricted funds are the…
READ MOREHow to improve efficiency for charities and nonprofits
When considering ways to respond to changes in your nonprofit organisation’s financial circumstances, efficiency is often the last thing on the list. But, when resources become scarce, it can be too late to make significant changes. While eliminating wastage is a common goal in the nonprofit sector, some may view a drive towards efficiency as…
READ MOREHow to reimagine your organisation
In today’s fast-changing world, it’s essential to periodically reassess what we do and how we do it. While gradual improvements are valuable, there are moments when we need to step back and evaluate the bigger picture to find better ways to achieve our objectives. This is particularly relevant for nonprofits considering how their business and…
READ MOREHow to make the most of partnerships
It is in human nature that when we face challenges in our individual or organisational life we reach out for support. Problems can be solved, and risk diminished when we pool our expertise, energy, and insight. This is equally true for nonprofit organisations which unless underpinned by major sources of funding, may struggle to balance…
READ MOREHow to make cost recovery more than just about money
As the effects of the cost of living and inflation increases continue to filter down, many charities have seen their income fall and are looking for ways to improve their bottom line. Equally, many charities have been subsidising core services for years from unrestricted funds without fully understanding the impact. In both cases, better cost…
READ MOREHow to get effective cost reduction right
In the second article of our ‘Seven ways to respond to a change in financial circumstances’ series, we look at reducing costs – an area that is not as simple as it might first appear. Given the current financial climate, it is likely that many nonprofits have already tried to reduce costs where they can…
READ MOREHow to raise funds for nonprofits and charities
At Moore Kingston Smith Nonprofit Advisory, we often work with nonprofits and charities that are facing changing financial circumstances. This is the first in our series of articles that explore the seven different ways that you can respond in more detail. The first article looks at ideas on how to raise more funds outside of…
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