Lack of Funding for Charities to Manage Finances

  • Study on charities shows many small charities will face difficulties as they cannot afford to employ qualified staff.

    A report published by the Charity Finance Group (CFG) and the Small Charities Coalition (SCC) says many charities do not have staff with relevant financial qualifications.

     Smaller charities could be hindered by relying on staff who are underqualified for the position, in particular for financial management roles.Dave's Charity Arm

    Making it Count: A Report into Financial Management in Small Charities shows that most financial management is carried out by staff and trustees who do not have adequate financial expertise.

    This is usually due to lack of funding available to employ people with the correct qualifications.

    Most charities are funded with restricted grants and have to account for where the money is spent; this does not usually accomodate for being able to afford to employ people with finance as a primary responsibility.

    This results in significant difficulties for small charities who struggle with the complexity of financial management on issues such as management of trading subsidiaries, the charity VAT regime and management of contracts. It can also leave them vulnerable to mistakes.

    CFG have ideas about improving the standards of financial management in small charities, and would like to hear about ideas from others about what could be done to help small charities improve their financial management.

     Image source: http://www.sxc.hu/photo/342379


Related articles

  • Read More

    CHARITY WORKS TOWARDS A NATIONAL PLAN TO END HOMELESSNESS

    Prime minister, Theresa May and the first ministers of Scotland and Wales congratulated "Crisis" on its anniversary and gave an assurance to work hand in hand with them while on a quest to eradicate...

  • Read More

    THE FATE OF EU-FUNDED PROJECTS AND ITS EFFECT ON CHARITY SERVICES

    In March 2016, forecasts of growth were low and the government's own estimates put the Treasury's coffers £122bn poorer by 2020.The supreme court has also determined that MPs must approve the...

  • Read More

    INCREASE IN THREATS OF EVICTIONS FROM HOMES

    After analysing statistics from the Ministry of Justice, the housing charity (Shelter) found the following:In the past year, the number of people seeking advice from 'Shelter' on their eviction...

  • Read More

    CHARITIES, THEIR BRANDS, BENEFICIARIES AND HOW TO EFFECT CHANGE

    "Most charities exist because their founders believed the future could be different if they mobilised supporters", but Mandy Johnson of the Guardian believes"This vision is being lost."Charities are...

  • Read More

    Support for veterans to return to work

    Places for People hopes to support veterans into the workplace and also benefit from the skills and experience they have to offer, reports 24dash.All veterans applying for jobs in Places for People's...

  • Read More

    Charity registers as social landlord

    It has now registered its housing department as a housing association, Inside Housing reports.The charity set up Golden Lane Housing (GLH) in 1998, which has now registered to be a social landlord...

  • Read More

    Charity to develop app for people with disabilities

    The funding will enable the charity to develop and test the free app, called FlyCatcher, which could be on the market by 2016.The app uses iBeacon technology to send information through smartphones...

  • Read More

    Young people’s health harmed by fuel poverty

    The Department of Energy and Climate Change have reported that 10% of households in England were in fuel poverty.The charity, Turn2us have stated that 75% of the 2,060 adults in the PRS who were...

  • Read More

    Homelessness in Scotland

    Shelter Scotland stated that this percentage is ‘disproportionate' to the sector's size which makes up 13% of all housing in Scotland, Inside Housing reports. It was also mentioned that the number...

  • Read More

    Homelessness an ‘increasing trend’ in Wales

    Cais blames the lack of options available to individuals due to the change in the type of support that can be offered.The Chief Executive of Cais, Clive Wolfendale has described the problem of...

How to fund Housing Support and Social Care Services "Alot of information in a short time, good for me because I travelled a long way. So I feel the journey was worthwhile." C.T - People First Dorset

 

Briefing Signup

 
Quick Contact

Quick contact

Close

Contact us

T 0333 332 1991 (Local rate)

E info@supportsolutions.co.uk