Getting your finances in order
Sector Matters is about to begin its second year of delivering the Building Financial Capability in the Age Sector project with Charity Bank. This project offers financial health checks for organisations who work with older people.
What does building financial capacity involve?
As part of the project, Sector Matters will:
- Carry out a review of your financial planning and budgeting; accounting systems; reporting; internal controls; income management; and staff and committee skills
- Draw up an action plan in response to the review
- Deliver four days of remedial work free of charge. This can range from designing and delivering bespoke training; hands on support in developing your accounting system eg Sage; improvement of general financial processes etc.
The project is funded by Atlantic Philanthropies and aims to build the capacity of the organisations within the Age Sector, help them to understand their finances and sustainability issues, and help them to release more time to carry out key functions, ie delivering to and on behalf of older people.
If you're interested in benefitting from this project, please contact Paula Reynolds at 028 9087 5018 or email [email protected]
Resources
Alongside the delivery of the project, Sector Matters has developed a package of resources, in the form of templates, to ensure groups have sound financial management tools.
These templates have been approved by CIPFA and allow groups to manage all internal financial processes properly. They include, for example, reconciliations, debtor and creditor controls. These can be downloaded below.
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