Finance Forum

Here you will find notes from our online Finance forum (held since late September) ordered by the most recent first. You will also be able to access any resources and useful documents shared from these sessions:

This finance forum is simply a place for those involved in the management of their organisations finances to get together and discus and share in a safe confidential environment the challenges and experiences of managing local sight loss charity finances.

19 October 2020

The forum this week explored restricted funds, in particular the management and monitoring of expenditure against them. Attendees also looked at what various accounting packages and practices people were using – this included everything from Sage to all the accounts/financial management being done on spreadsheets.

We then discussed what information was presented by finance officers to the trustees. It was clear that there was a wide disparity in what attendees reported to their Boards, how information was presented and there was a discussion as to how much of what was presented was understood by trustees.

Legacy income was briefly discussed, and we are looking into how we could deliver some training for members on legacy fundraising.

Next months finance forum (Monday 16 November) will focus upon the practical operation and management of finances within organisations with turnovers of between £100k to £500k. We would be very interested to hear from any members who would be happy to support this session and have their finance staff share their experiences. If you feel you could assist us and especially other members in this way, then please do contact us.

21 September 2020

For our regular session on finance we covered a range of areas covering financial management tools and practices along with income from fundraising/legacies.

Sage and other accounting systems were discussed, with people sharing their experiences. Cashless giving/collections was looked at, with several people using automated/cashless giving on street collections or in charity shops. Smile Amazon was also discussed, especially relevant with the significant shift to online shopping. The management of restricted funds was explored and we also looked at audits and how people were progressing with them in the current times and using local firms/charity specialists.

If you’re involved in the management of your organisations finances then do consider joining the next session on 19 October, Click here for registration details.

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