MFG 1 - Managing Cash and Donations for NPO
The major sources of income of charities from donations, government grants, fundraising and programme fees can be unpredictable. As a hedge against income uncertainty, charities have to manage their finances well and build up reserves to continue providing for their beneficiaries.
The first of the four-part Money for Good series will delve into the topics of managing cash and donations. It will focus on ways in which board members, as stewards of a charity, provide leadership in budgeting, cash flow management and reserves management through case examples. Panelists will discuss financial management practices of charities and directions in reserves management that will ensure a charity’s long-term financial sustainability.
Course Objectives
- Learn effective budget and cash flow management processes through case presentation, to help charities manage cash flow, generate surplus and build reserves.
- Examine financial policies and processes for better governance.
- Offer insights into how a charity plans for the budget of income and allocates an appropriate level of reserve to ensure its sustainability.
- Examine the board’s role in cash management and reserves management.
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CPD Hours : 2
This is a registration event, with priority to board members of small & medium-sized charities, and potential donors.
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