Managing finances and options for sustainability in uncertain times Webinar recording
This session, which is part of CFNI's Accelerator Programme, was designed specifically to help organisations with their financial governance, both in dealing with the current financial crisis and planning a way forward.
Dr Rosemary Peters Gallagher, Moore NI, outlined the key aspects of managing finances at these times, from understanding your budget to examining overheads and understanding how your costs are apportioned. She highlighted the importance of understanding restricted and unrestricted funds and using designated funds, reserves and possibly investments to manage at present. She discussed using scenario planning which should include trigger points and action plans. Rosemary also gave an overview of carrying out financial due diligence for organisations considering merging.
Jenny Ebbage, Edwards & Co Solicitors, then highlighted the key considerations when thinking about merging with another organisation. She outlined the drivers for merger and models that can be used as well as the 15 steps to merge. Jenny also covered legal due diligence as well as deal breakers and considerations for post merger. She also highlighted her top tips for organisations considering embarking on a merger.
Please watch the following recording of this webinar
This webinar is part of the Community Foundation for NI Accelerator Programme, funded by DfC. The Accelerator Programme aims to improve the skills and confidence of people in our sector and strengthen organisations at this critical time. NICVA is delivering a series of webinars from September 2020 to March 2021, for more information visit www.nicva.org/article/the-accelerator-programme-with-cfni-and-nicva
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